0000809593 2022-06-21 2022-06-21 0000809593 abf:S000058550Member 2022-06-21 2022-06-21 iso4217:USD pure 0000809593 false 497 N-1A 2022-06-21 2022-06-21 2021-06-30 AMERICAN BEACON FUNDS The Fund’s investment objective is long-term capital appreciation and current income. <b>Focused Holdings Risk<br/> </b>Because the Fund may have a focused portfolio of fewer companies than other diversified funds, the increase or decrease of the value of a single investment may have a greater impact on the Fund’s net asset value (“NAV”) and total return when compared to other diversified funds.