AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS AMENDMENT TO Management Agreement
Exhibit 99.(d)(2)
AMERICAN BEACON FUNDS
AMENDMENT TO Management Agreement
| I. | The attached amended and restated Schedule B is hereby incorporated into the Management Agreement dated April 4, 2016, 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. |
| II. | Administrative Services |
Section 2(e) is deleted and replaced with the following:
| (e) | Administrative Services. Subject to the general direction and control of each Trust’s Board and the provisions of this Agreement, the Manager shall supervise all aspects of the operations of the Trust and provide to each Fund and its Classes, at the Manager’s cost and expense, all administrative and clerical services as deemed necessary or advisable for the operation of such Funds and Classes, including without limitation those services set forth on Schedule C attached hereto, as may be amended from time to time. The Manager can use any of its officers and employees to provide any of the services or reports required under this Agreement. In performing its duties hereunder, the Manager shall provide, at its expense, appropriate office space (which may be space within the offices of the Manager), office furnishings, facilities, equipment, utilities and supplies as required for administering the operations and conducting the business of each Fund, and the secretarial, administrative and clerical personnel required to provide or supervise the provision of services under this Agreement. |
Dated: June __23___, 2016
| AMERICAN BEACON FUNDS | AMERICAN BEACON ADVISORS, INC. |
| AMERICAN BEACON SELECT FUNDS | |
| By:_/s/Xxxx X. Needles, Jr.____________ | By: _/s/Xxxxxxx X. Ringdahl_____________ |
| Xxxx X. Needles, Jr. | Xxxxxxx X. Xxxxxxxx |
| President | Chief Operating Officer |
| A-1 |
AMERICAN BEACON FUNDS
SCHEDULE B
| Fund | Effective Date | Fee Schedule | Grandfathered Fund |
| American Beacon Balanced Fund | 5/29/2016 | Traditional - Multiple Manager | Yes |
| American Beacon Flexible Bond Fund | 5/29/2016 | Traditional - Multiple Manager | Yes |
| American Beacon International Equity Fund | 5/29/2016 | Traditional - Multiple Manager | Yes |
| American Beacon Large Cap Value Fund | 5/29/2016 | Traditional - Multiple Manager | Yes |
| American Beacon Mid-Cap Value Fund | 5/29/2016 | Traditional - Multiple Manager | Yes |
| American Beacon Small Cap Value Fund | 5/29/2016 | Traditional - Multiple Manager | Yes |
| American Beacon Acadian Emerging Markets Managed Volatility Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon Xxxx & Xxxxxx Small Cap Growth Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon Bridgeway Large Cap Growth Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon Bridgeway Large Cap Value Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon Crescent Short Duration High Income Fund | 5/29/2016 | Traditional - Single Manager | n/a |
American Beacon Xxxxxx Xxxxxxxx Quality Bond Fund American Beacon GLG Total Return Fund |
4/4/2016 5/20/2016 |
Traditional - Single Manager Traditional - Single Manager |
n/a n/a |
| American Beacon Global Evolution Frontier Markets Income Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon Holland Large Cap Growth Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon SGA Global Growth Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon SiM High Yield Opportunities Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon Sound Point Floating Rate Income Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon Xxxxxxxx Mid-Cap Growth Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon Xxxxxxxx Small Cap Growth Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon The London Company Income Equity Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon Zebra Small Cap Equity Fund | 5/29/2016 | Traditional - Single Manager | n/a |
| American Beacon AHL Managed Futures Strategy Fund | 5/29/2016 | Alternative Investments | Yes |
| American Beacon Ionic Strategic Arbitrage Fund | 5/29/2016 | Alternative Investments | Yes |
| American Beacon Grosvenor Long/Short Fund | 5/29/2016 | Grosvenor Fund | n/a |
Dated: June _23__, 2016
| B-1 |
