American Beacon U.S. Government Money Market Select Fund
Supplement dated April 5, 2019, to the Prospectus dated April 30, 2018
Effective immediately, the Prospectus is supplemented as follows:
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I.
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In the “Purchase and Redemption of Shares – Purchase Policies” this section is deleted and replaced with the following:
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Shares of the Fund are offered and purchase orders are typically accepted until 5:00 p.m. Eastern Time on
each day on which the NYSE is open for business. The Fund, at its discretion, may set earlier cutoff times due to early closures in the bond markets or the NYSE. In addition, the Fund may, in its discretion, accept orders on days when the NYSE is
closed. Shares of the Fund are not offered and orders are not accepted on Columbus Day and Veterans Day.
If a purchase order is received by the Fund in good order prior to the Fund’s deadline, the purchase price
will be the NAV per share next determined on that day. If a purchase order is received in good order after the applicable deadline, the purchase price will be the NAV per share of the following day that the Fund is open for business. The Fund has
the right to reject any purchase order or cease offering shares at any time. No sales charges are assessed on the purchase or sale of Fund shares.
Shares of the Fund will only be issued against full payment, as described more fully in this Prospectus and
SAI. Fund shares may be purchased only in U.S. States and Territories in which they can be legally sold. Prospective investors should inquire as to whether shares of the Fund are available for offer and sale in their jurisdiction. The Fund has the
right to refuse purchases if, in the judgment of the Fund, the transaction would adversely affect the Fund and its shareholders.
The Fund has authorized certain third-party financial intermediaries, such as broker-dealers, insurance
companies, third party administrators and trust companies, to receive purchase and redemption orders on behalf of the Fund and to designate other intermediaries to receive purchase and redemption orders on behalf of the Fund. The Fund is deemed to
have received such orders when they are received by the financial intermediaries or their designees. Thus, an order to purchase or sell Fund shares will be priced at the Fund’s next determined NAV per share after receipt by the financial
intermediary or its designee. You should contact your broker-dealer or other financial intermediary to find out by what time your purchase order must be received so that it can be processed the same day. It is the responsibility of your
broker-dealer or financial intermediary to transmit orders that will be received by the Fund in proper form and in a timely manner.
The Fund has the right to reject any purchase order or cease offering shares at any time. Checks to
purchase shares are accepted subject to collection at full face value in U.S. funds and must be drawn in U.S. dollars on a U.S. bank. The Fund will not accept “starter” checks, credit card checks, money orders, cashier’s checks, or third-party
checks.
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II.
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In the “Purchase and Redemption of Shares – Redemption Policies” this section is deleted and replaced with the following:
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If you purchased shares of the Fund through your financial intermediary, please contact your broker-dealer
or other financial intermediary to sell shares of the Fund.
If you purchased your shares directly from the Fund, your shares may be redeemed by telephone by calling
1-800-658-5811 to speak to a representative, via the Funds’ website, www.americanbeaconfunds.com, or by mail on any day that the Fund is open for business.
The redemption price will be the NAV per share next determined after a redemption request is received in
good order. Wire proceeds from redemption requests received in good order by 3:00 p.m. Eastern Time generally are transmitted to shareholders on the same day. In any event, proceeds from a redemption request will typically be transmitted to a
shareholder by no later than seven days after the receipt of a redemption request in good order. For assistance with completing a redemption request, please call 1-800-658-5811. Delivery of proceeds from shares purchased by check or pre-authorized
automatic investment may be delayed until the funds have cleared, which may take up to ten days.
The Fund reserves the right to suspend redemptions or postpone the date of payment for more than seven days
(i) when the NYSE is closed (other than for customary weekend and holiday closings); (ii) when trading on the NYSE is restricted; (iii) when the SEC determines that an emergency exists so that disposal of a Fund’s investments or determination of
its NAV per share is not reasonably practicable; (iv) by order of the SEC for protection of a Fund’s shareholders; or (v) to facilitate an orderly liquidation of the Fund. Additionally, the Board may, in its discretion, permanently suspend
redemptions and liquidate if, among other things, the Fund, at the end of a business day, has less than 10% of its total assets invested in weekly liquid assets. The Board may also suspend redemptions and liquidate the Fund if the Board determines
that the deviation between its amortized cost price per share and its market-based NAV per share may result in material dilution or other unfair results to shareholders.
Although the Fund intends to redeem shares by paying out available cash, cash generated by selling
portfolio holdings (including cash equivalent portfolio holdings), or funds borrowed through the Fund’s interfund credit facility, in stressed market conditions and other appropriate circumstances, the Fund reserves the right to pay the redemption
price in whole or in part by borrowing funds from external parties or distributing securities or other assets held by the Fund. To the extent that the Fund redeems its shares in this manner, the shareholder assumes the risk of a subsequent change
in the market value of those securities, the cost of liquidating the securities and the possibility of a lack of a liquid market for those securities. Unpaid dividends credited to an account up to the date of redemption of all shares of the Fund
generally will be paid at the time of redemption.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE