Exhibit 99.(h)(2)(P)
AMERICAN BEACON FUNDS
AMERICAN BEACON SELECT FUNDS
AMERICAN BEACON INSTITUTIONAL FUNDS TRUST
FIFTEENTH AMENDMENT
TO
SUB-ADMINISTRATIVE SERVICES FEE AGREEMENT
This Fifteenth Amendment (“Amendment”) to the Sub-Administrative Services Fee Agreement dated April 30, 2017 (“Agreement”) by and between the American Beacon Funds and the American Beacon Select Funds, each a Massachusetts business trust, and the American Beacon Institutional Funds Trust, a Delaware statutory trust, (collectively, the “Trusts”), and American Beacon Advisors, Inc., a Delaware corporation (the “Manager”) is effective as of January 19. 2024. Capitalized terms used in this Amendment without definition shall have the respective meanings ascribed to such terms in the Agreement (as defined below).
WHEREAS, the parties wish to amend the Agreement as set forth below:
The Manager and the Trusts wish to amend and replace Schedule A to the Agreement to reflect the termination of the American Beacon Bahl & Gaynor Small Cap Growth Fund, the American Beacon AHL TargetRisk Core Fund and the American Beacon Zebra Small Cap Equity Fund, and to reflect the addition of the American Beacon AHL Multi-Alternatives Fund and the American Beacon AHL Trend ETF, as set forth below.
NOW THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree to amend the Agreement, pursuant to the terms thereof, as follows:
| 1. | The Agreement and its Schedule A are hereby amended to reflect the addition of the following Funds: |
a. American Beacon GLG Natural Resources ETF effective on or about February 1, 2024
| 2. | Schedule A is hereby deleted in its entirety and replaced with the updated attached Schedule A. |
| 3. | Except as specifically amended hereby, all other terms and conditions of the Agreement shall remain in full force and effect. This Amendment is incorporated in its entirety into the Agreement, and this Amendment and said Agreement shall be read and interpreted together as the Agreement. |
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed by their respective officers thereunto duly authorized and their respective seals to be hereunto affixed, as of the day and year first above written.
AMERICAN BEACON FUNDS
AMERICAN BEACON SELECT FUNDS
AMERICAN BEACON INSTITUTIONAL FUNDS TRUST
| By: | /s/ Jeffrey K. Ringdahl | |
| Jeffrey K. Ringdahl | ||
| President |
AMERICAN BEACON ADVISORS, INC.
| By: | /s/ Jeffrey K. Ringdahl | |
| Jeffrey K. Ringdahl | ||
| President and Chief Executive Officer |
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AMERICAN BEACON FUNDS
AMERICAN BEACON SELECT FUNDS
AMERICAN BEACON INSTITUTIONAL FUNDS TRUST
SUB-ADMINISTRATIVE SERVICES FEE Agreement
SCHEDULE A
American Beacon Funds
American Beacon AHL Managed Futures Strategy Fund
American Beacon AHL Multi-Alternatives Fund
American Beacon AHL TargetRisk Fund
American Beacon ARK Transformational Innovation Fund
American Beacon Balanced Fund
American Beacon Bridgeway Large Cap Growth Fund
American Beacon Bridgeway Large Cap Value Fund
American Beacon EAM International Small Cap Fund
American Beacon FEAC Floating Rate Income Fund
American Beacon Garcia Hamilton Quality Bond Fund
American Beacon Developing World Income Fund
American Beacon International Equity Fund
American Beacon Large Cap Value Fund
American Beacon NIS Core Plus Bond Fund
American Beacon Shapiro Equity Opportunities Fund
American Beacon Shapiro SMID Cap Equity Fund
American Beacon SiM High Yield Opportunities Fund
American Beacon Small Cap Value Fund
American Beacon SSI Alternative Income Fund
American Beacon Stephens Mid-Cap Growth Fund
American Beacon Stephens Small Cap Growth Fund
American Beacon The London Company Income Equity Fund
American Beacon TwentyFour Sustainable Short Term Bond Fund
American Beacon TwentyFour Strategic Income Fund
AMERICAN BEACON SELECT FUNDS
American Beacon AHL Trend ETF
American Beacon GLG Natural Resources ETF
American Beacon U.S. Government Money Market Select Fund
AMERICAN BEACON INSTITUTIONAL FUNDS TRUST
American Beacon Diversified Fund
Effective Date: January 19, 2024
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