AMERICAN BEACON SELECT FUNDS AMENDMENT TO Management Agreement
Exhibit 99.(d)(1)(B)(ii)
AMENDMENT TO Management Agreement
The attached amended and restated Schedule A is hereby incorporated into the Management Agreement dated December 29, 2023, as amended (“Agreement”), by and between the American Beacon Select Funds, a Massachusetts business trust (the “Trust”), on behalf of each Fund of the Trust listed on Schedule A 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 A to the Agreement.
Dated: February 1, 2024
| AMERICAN BEACON FUNDS | AMERICAN BEACON ADVISORS, INC. | |||
| AMERICAN BEACON SELECT FUNDS | ||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |
| ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| President | Senior Vice President | |||
SCHEDULE A
I. Management Fees for American Beacon Select Funds
As compensation pursuant to Paragraph 9 of the Management Agreement for services rendered pursuant to such Agreement (other than the securities lending services set forth in Paragraph 2(b) of the Agreement), the American Beacon Select Funds shall pay to the Manager a fee, computed daily and paid monthly, at the following annualized rates as a percentage of each applicable Fund’s average daily net assets:
| Fund | Effective Date | Annual Fee Rate |
| American Beacon AHL Trend ETF | August 14, 2023 | 0.95% |
| American Beacon GLG Natural Resources ETF | February 1, 2024 | 0.75% |
II. Securities Lending Fees
As compensation for services provided by the Manager in connection with securities lending activities of each Fund of a Trust, a lending Fund shall pay to the Manager, with respect to cash collateral posted by borrowers, a fee of 10% of the net monthly investment income (the income earned in the form of interest, dividends and realized capital gains from the investment of cash collateral, plus any negative rebate fees paid by borrowers, less the rebate amount paid to borrowers as well as related expenses) and, with respect to collateral other than cash, a fee up to 10% of loan fees and demand premiums paid by borrowers.
Dated: February 1, 2024
| B-1 |