Exhibit 99.(d)(1)(A)(xii)

 

AMERICAN BEACON FUNDS

AMERICAN BEACON SELECT FUNDS

 

ELEVENTH AMENDMENT TO MANAGEMENT AGREEMENT

The attached amended and restated Schedule B is hereby incorporated into the Management Agreement dated December 29, 2023, as amended (“Agreement”), by and between the American Beacon Funds and the American Beacon Select Funds, each a Massachusetts business trust (each, a “Trust”), on behalf of each Fund of a Trust listed on Schedule B hereto, as may be amended from time to time (each, a “Fund”), and American Beacon Advisors, Inc., a Delaware corporation (“Manager”), and supersedes any prior Schedule B to the Agreement.

 

Dated as of: February 23, 2026

 

 

AMERICAN BEACON FUNDS   AMERICAN BEACON ADVISORS, INC.
AMERICAN BEACON SELECT FUNDS    
         
By: /s/ Gregory J. Stumm   By: /s/ Paul B. Cavazos
  Gregory J. Stumm     Paul B. Cavazos
  President     Senior Vice President
 

 

AMERICAN BEACON FUNDS

AMERICAN BEACON SELECT FUNDS

 

Management Agreement

SCHEDULE B

Fund Effective Date Fee Schedule

Grandfathered

Fund

American Beacon AHL Managed Futures Strategy Fund 12/29/2023 Alternative Investments Yes
American Beacon AHL TargetRisk Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon ARK Transformational Innovation Fund 01/09/2024 Traditional – Single Manager n/a
American Beacon Balanced Fund 12/29/2023 Traditional – Multiple Manager Yes
American Beacon Developing World Income Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon DoubleLine Floating Rate Fund 12/29/2023 Traditional – Single Manager1 n/a
American Beacon DoubleLine Select Income Fund 02/23/2026 Traditional – Single Manager2 n/a
American Beacon Garcia Hamilton Quality Bond Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon IMC International Small Cap Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon International Equity Fund 12/29/2023 Traditional – Multiple Manager Yes
American Beacon Large Cap Value Fund 03/14/2024 Traditional – Multiple Manager Yes
American Beacon Man Large Cap Growth Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon Man Large Cap Value Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon Ninety One Emerging Markets Equity Fund 10/21/2024 Traditional – Single Manager n/a
American Beacon Ninety One Global Franchise Fund 10/21/2024 Traditional – Single Manager n/a
American Beacon Ninety One International Franchise Fund 10/21/2024 Traditional – Single Manager n/a
American Beacon NIS Core Plus Bond Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon Shapiro Equity Opportunities Fund 02/27/2024 Traditional – Single Manager n/a
American Beacon Shapiro SMID Cap Equity Fund 01/26/2024 Traditional – Single Manager n/a
American Beacon SiM High Yield Opportunities Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon Small Cap Value Fund 03/14/2024 Traditional – Multiple Manager Yes
American Beacon SSI Alternative Income Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon Stephens Mid-Cap Growth Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon Stephens Small Cap Growth Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon The London Company Income Equity Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon TwentyFour Strategic Income Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon TwentyFour Short Term Bond Fund 12/29/2023 Traditional – Single Manager n/a
American Beacon U.S. Government Money Market Select Fund 12/29/2023 0.10% n/a

 

 
1 Effective February 23, 2026, For such time as DoubleLine Capital LP (“DoubleLine”) serves as the sub-advisor to the American Beacon DoubleLine Floating Rate Fund, the fee rate is as follows with respect to the assets managed by DoubleLine: 0.10% of the first $170,000,000, and 0.15% thereafter, in lieu of the Traditional – Single Manager Fee Schedule.
2 For such time as DoubleLine Capital LP (“DoubleLine”) serves as the sub-advisor to the American Beacon DoubleLine Select Income Fund, the fee rate is as follows with respect to the assets managed by DoubleLine: 0.10% on the first $416,446,010 and 0.15% thereafter, in lieu of the Traditional – Single Manager Fee Schedule.