M&A: AMERICAN BEACON FUNDS

Form Type: 497

Filing Date: 2024-09-30

Corporate Action: Merger

Type: New

Accession Number: 000113322824009193

Comments: A Special Joint Meeting of Shareholders for the Ninety One Emerging Markets Equity Fund, Ninety One Global Franchise Fund, and Ninety One International Franchise Fund is scheduled to take place on November 13, 2024, to vote on the proposed Agreement and Plan of Reorganization. Upon shareholder approval, the Target Funds will reorganize into newly created series under the American Beacon Funds. It's projected that the reorganization will allow each shareholder to exchange their Target Fund shares for an equal number of shares in the corresponding Acquiring Fund without any sales loads or fees. The plan includes the replacement of the current adviser, Ninety One North America, Inc., with American Beacon Advisors, Inc., with Ninety One serving as a sub-advisor. The reorganization for two of the funds is expected to be effective on or about November 15, 2024, and for the Emerging Markets fund on February 21, 2025. The proposed changes are anticipated to result in lower expenses for the Acquiring Funds compared to the current Target Funds. Shareholders are encouraged to review the attached Proxy Statement and vote promptly.

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Form Type: N-14

Filing Date: 2024-08-14

Corporate Action: Merger

Type: New

Accession Number: 000113322824007724

Comments: This document outlines the proposed reorganization involving the merger of several funds under The Advisors’ Inner Circle Fund III into newly created series under American Beacon Funds. Specifically, the Ninety One Emerging Markets Equity Fund, Ninety One Global Franchise Fund, and Ninety One International Franchise Fund are set to merge into their corresponding American Beacon equivalents. The special meeting for the affected shareholders will occur on November 13, 2024, where approval for the proposed Agreement and Plan of Reorganization will be sought. If approved, the mergers will result in shareholders receiving shares of the new Acquiring Funds without incurring sales loads or other transactional fees. The target funds' assets will be exchanged for shares of the new funds with similar objectives and management structures, anticipated to lead to potential cost efficiencies and lower operating expenses for shareholders. Additionally, existing management and advisory services will transition to American Beacon Advisors, Inc. post-reorganization.

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