AMERICAN BEACON FUNDS AMERICAN BEACON SELECT FUNDS FOURTH AMENDMENT TO Management Agreement
Exhibit 99.(d)(1)(A)(v)
AMERICAN BEACON FUNDS
FOURTH 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: March 14, 2024
| AMERICAN BEACON FUNDS | AMERICAN BEACON ADVISORS, INC. | |||
| AMERICAN BEACON SELECT FUNDS | ||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |
| ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| President | Senior Vice President | |||
AMERICAN BEACON FUNDS
SCHEDULE B
Dated: March 14, 2024
| Fund | Effective Date | Fee Schedule | Grandfathered Fund |
| American Beacon AHL Managed Futures Strategy Fund | 12/29/2023 | Alternative Investments | Yes |
| American Beacon AHL Multi-Alternatives Fund | 12/29/2023 | Alternative Investments | n/a |
| 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 Bridgeway Large Cap Growth Fund | 12/29/2023 | Traditional – Single Manager | n/a |
| American Beacon Bridgeway Large Cap Value Fund | 12/29/2023 | Traditional – Single Manager | n/a |
| American Beacon Developing World Income Fund | 12/29/2023 | Traditional – Single Manager | n/a |
| American Beacon EAM International Small Cap Fund | 12/29/2023 | Traditional – Single Manager | n/a |
| American Beacon FEAC Floating Rate Income Fund | 12/29/2023 | Traditional – Single Manager | n/a |
| American Beacon ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Quality Bond 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 NIS Core Plus Bond Fund | 12/29/2023 | Traditional – Single Manager | n/a |
| American Beacon ▇▇▇▇▇▇▇ Equity Opportunities Fund | 02/27/2024 | Traditional – Single Manager | n/a |
| American Beacon ▇▇▇▇▇▇▇ ▇▇▇▇ 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 ▇▇▇▇▇▇▇▇ Mid-Cap Growth Fund | 12/29/2023 | Traditional – Single Manager | n/a |
| American Beacon ▇▇▇▇▇▇▇▇ 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 Sustainable Short Term Bond Fund | 12/29/2023 | Traditional – Single Manager | n/a |
| American Beacon TwentyFour Strategic Income Fund | 12/29/2023 | Traditional – Single Manager | n/a |
| B-1 |