# EDGAR Filing Document

**Accession Number:** 0000809593
**File Stem:** 0001410368-26-068458
**Filing Date:** 2026-6
**Character Count:** 351890
**Document Hash:** b2c90cf5d3aec4a596fc9876a8c3ffa1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-068458.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0001410368-26-068458

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**PERIOD START**: 20270131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN BEACON FUNDS
- **CENTRAL INDEX KEY:** 0000809593

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04984
- **FILM NUMBER:** 261133572

**BUSINESS ADDRESS:**
- **STREET 1:** 220 EAST LAS COLINAS BOULEVARD
- **STREET 2:** SUITE 1200
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039
- **BUSINESS PHONE:** 8173916100

**MAIL ADDRESS:**
- **STREET 1:** 220 EAST LAS COLINAS BOULEVARD
- **STREET 2:** SUITE 1200
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN AADVANTAGE FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN EAGLE FUNDS
- **DATE OF NAME CHANGE:** 19890813

## Series and Classes Contracts Data

### American Beacon NIS Core Plus Bond Fund (Series ID: S000069392)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000221415 | R6 Class     | NISRX           |
| C000221416 | Y Class      | NISYX           |
| C000221417 | A Class      | NISAX           |
| C000221418 | C Class      | NISCX           |

## Nport-Ex

**United States** 

**Securities and Exchange Commission** 

**Washington, DC 20549** 

**FORM N-Q** 

**QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS** 

**OF REGISTERED MANAGEMENT INVESTMENT COMPANY** 

**Investment Company Act file number: 811-04984** 

## AMERICAN BEACON FUNDS
**(Exact name of Registrant as specified in charter)** 

**220 East Las Colinas Blvd., Suite 1200** 

**Irving, Texas 75039** 

**(Address of principal executive offices) (Zip code)** 

**Gregory J. Stumm, PRESIDENT** 

**220 East Las Colinas Blvd., Suite 1200** 

**Irving, Texas 75039** 

**(Name and address of agent for service)** 

**Registrant's telephone number, including area code: (817) 391-6100** 

**Date of fiscal year end: January 31, 2027** 

**Date of reporting period: April 30, 2026** 

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A Registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A Registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

------

ITEM 1. SCHEDULE OF INVESTMENTS.

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Angola - 4.4%** |  |  |
|  **Foreign Corporate Obligations - 0.8%** |  |  |
|  Azule Energy Finance PLC, 8.125%, Due 1/23/2030<sup>A</sup>  | $4696000 | $4832621 |
|  Sonangol Finance Ltd., 10.000%, Due 1/29/2031<sup>A</sup>  | 8295000 | 8465562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Corporate Obligations** |  | **13298183** |
|  **Foreign Sovereign Obligations - 3.6%** |  |  |
|  Angola Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, Due 11/26/2029<sup>A</sup>  | 1360000 | 1388637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.244%, Due 1/15/2031<sup>B</sup>  | 1100000 | 1171913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, Due 4/14/2032<sup>B</sup>  | 1500000 | 1563773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, Due 4/14/2032<sup>A</sup>  | 4218000 | 4397329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.875%, Due 10/15/2035<sup>A</sup>  | 5970000 | 6408129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.875%, Due 10/15/2035<sup>B</sup>  | 3300000 | 3542182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.875%, Due 3/31/2037<sup>A</sup>  | 3577000 | 3802519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.375%, Due 5/8/2048<sup>B</sup>  | 18128000 | 17638623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125%, Due 11/26/2049<sup>B</sup>  | 21213000 | 20232737 |
|  Republic of Angola Via Avenir Issuer II Ireland DAC, 6.927%, Due 2/19/2027<sup>B</sup>  | 492857 | 487931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **60633773** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Angola (Cost $66,354,237)** |  | **73931956** |
|  **Argentina - 4.4%** |  |  |
|  **Foreign Corporate Obligations - 0.3%** |  |  |
|  Telecom Argentina SA, 8.500%, Due 1/20/2036<sup>A</sup>  | 4575858 | **4728920** |
|  **Foreign Sovereign Obligations - 4.1%** |  |  |
|  Argentina Republic Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.000%, Due 7/9/2029 | 159244 | 141807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.750%, Due 7/9/2030<sup>C</sup>  | 17697744 | 15220945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, Due 7/9/2035<sup>C</sup>  | 30304184 | 22576617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 7/9/2041<sup>C</sup>  | 3475000 | 2394275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, Due 7/9/2046<sup>C</sup>  | 971886 | 683965 |
|  Argentina Treasury Bonds BONCER, Due 3/31/2027<sup>D E</sup> | 5500000000 | 8104864 |
|  Argentina Treasury Bonds BONTE, 29.500%, Due 5/30/2030 | 9280000000 | 7937166 |
|  Bono Del Tesoro Nacional Capitalizable en Pesos, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.150%, Due 6/30/2026 | 750000000 | 750432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.050%, Due 1/15/2027 | 3480000000 | 3376294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.550%, Due 4/30/2027 | 10000000000 | 8793555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **69979920** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Argentina (Cost $69,268,500)** |  | **74708840** |
|  **Armenia - 0.7%** |  |  |
|  **Foreign Sovereign Obligations - 0.7%** |  |  |
|  Republic of Armenia International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, Due 2/2/2031<sup>B</sup>  | $751000 | 689737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, Due 3/12/2035<sup>B</sup>  | 402000 | 421518 |
|  Republic of Armenia Treasury Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.400%, Due 4/29/2028 | 1200000000 | 3295210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, Due 4/29/2028 | 2240000000 | 6244291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, Due 10/29/2035 | 590000000 | 1628830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **12279586** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Armenia (Cost $11,636,202)** |  | **12279586** |
|  **Azerbaijan - 0.2% (Cost $2,927,021)** |  |  |
|  **Credit-Linked Notes - 0.2%** |  |  |
|  Azerbaijan Treasury Bonds (Issuer ICBC Standard Bank PLC), 7.500%, Due 5/11/2028<sup>A</sup>  | 5000000 | **3028958** |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Bahamas - 0.1%** |  |  |
|  **Foreign Sovereign Obligations - 0.1%** |  |  |
|  Bahamas Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.950%, Due 10/15/2032<sup>B</sup>  | $537000 | $599829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, Due 6/24/2036<sup>B</sup>  | 659000 | 733098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **1332927** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Bahamas (Cost $1,340,846)** |  | **1332927** |
|  **Benin - 1.3%** |  |  |
|  **Foreign Sovereign Obligations - 1.3%** |  |  |
|  Benin Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950%, Due 1/22/2035<sup>B</sup>  | 192000 | 203059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.960%, Due 2/13/2038<sup>A</sup>  | $740000 | 760540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.960%, Due 2/13/2038<sup>B</sup>  | 6316000 | 6491311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, Due 1/23/2041<sup>A</sup>  | 2480000 | 2578166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, Due 1/23/2041<sup>B</sup>  | 11314000 | 11761841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **21794917** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Benin (Cost $21,467,966)** |  | **21794917** |
|  **Bosnia and Herzegovina - 0.0% (Cost $725,291)** |  |  |
|  **Foreign Sovereign Obligations - 0.0%** |  |  |
|  Republic of Srpska International Government Bonds, 6.250%, Due 4/2/2031<sup>A</sup>  | 636000 | **754123** |
|  **Cameroon - 1.6%** |  |  |
|  **Foreign Sovereign Obligations - 1.6%** |  |  |
|  Republic of Cameroon International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, Due 7/31/2031<sup>B</sup>  | $10792000 | 10897236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, Due 1/30/2033<sup>B</sup>  | 16428000 | 16052283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **26949519** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Cameroon (Cost $26,050,774)** |  | **26949519** |
|  **Congo - 2.1%** |  |  |
|  **Credit-Linked Notes - 0.1%** |  |  |
|  Democratic Republic of Congo (Issuer Tugela BV), 10.640%, Due 12/14/2027, (6 mo. USD Term SOFR + 7.000%)<sup>A F</sup> | 1733333 | **1801973** |
|  **Foreign Sovereign Obligations - 2.0%** |  |  |
|  Congolese International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.875%, Due 11/7/2032<sup>B</sup>  | 14751000 | 14710531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, Due 2/17/2035<sup>B</sup>  | 7250000 | 6985776 |
|  DRC International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, Due 4/16/2032<sup>A</sup>  | 5265000 | 5366866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, Due 4/16/2037<sup>A</sup>  | 6720000 | 6857181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **33920354** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Congo (Cost $33,674,654)** |  | **35722327** |
|  **Costa Rica - 0.1%** |  |  |
|  **Foreign Sovereign Obligations - 0.1%** |  |  |
|  Costa Rica Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.550%, Due 4/3/2034<sup>B</sup>  | 450000 | 483300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, Due 4/4/2044<sup>B</sup>  | 450000 | 491220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.158%, Due 3/12/2045<sup>B</sup>  | 330000 | 362736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.300%, Due 11/13/2054<sup>B</sup>  | 440000 | 495000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **1832256** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Costa Rica (Cost $1,834,668)** |  | **1832256** |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Dominican Republic - 0.7%** |  |  |
|  **Foreign Sovereign Obligations - 0.7%** |  |  |
|  Dominican Republic International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, Due 6/5/2026<sup>B</sup>  | 8850000 | $149749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, Due 2/12/2027<sup>B</sup>  | 220000000 | 3672427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.625%, Due 2/3/2033<sup>A</sup>  | 54750000 | 1098451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.250%, Due 9/15/2035<sup>A</sup>  | 88000000 | 1621295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, Due 10/28/2035<sup>B</sup>  | $202000 | 197445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.750%, Due 6/1/2036<sup>A</sup>  | 123000000 | 2194586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.750%, Due 6/1/2036<sup>B</sup>  | 141300000 | 2521098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950%, Due 3/15/2037<sup>B</sup>  | $230000 | 239740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, Due 3/15/2037<sup>B</sup>  | 27900000 | 486631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.850%, Due 1/27/2045<sup>B</sup>  | $120000 | 120264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **12301686** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Dominican Republic (Cost $12,067,180)** |  | **12301686** |
|  **Ecuador - 3.1%** |  |  |
|  **Foreign Sovereign Obligations - 3.1%** |  |  |
|  Ecuador Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, Due 1/29/2034<sup>A</sup>  | 11879000 | 12116580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, Due 1/29/2034<sup>B</sup>  | 1635000 | 1667700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.900%, Due 7/31/2035<sup>B</sup>  | 9119045 | 8412319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, Due 1/29/2039<sup>A</sup>  | 7583000 | 7848405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 7/31/2040<sup>A C</sup> | 1625550 | 1357334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 7/31/2040<sup>B C</sup> | 24737900 | 20656147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **52058485** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Ecuador (Cost $47,105,428)** |  | **52058485** |
|  **Egypt - 2.7%** |  |  |
|  **Foreign Sovereign Obligations - 2.7%** |  |  |
|  Egypt Government Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.700%, Due 11/7/2027 | 10000000 | 169380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24.144%, Due 12/3/2027 | 379259000 | 7105568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24.439%, Due 8/5/2028 | 50950000 | 973167 |
|  Egypt Government International Bonds, 8.875%, Due 5/29/2050<sup>B</sup>  | $18398000 | 17182398 |
|  Egypt Treasury Bills, 37.184%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 7/28/2026<sup>D G</sup> | 77225000 | 1364694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28.896%, Due 8/4/2026<sup>D G</sup> | 1275000 | 22453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23.999%, Due 9/1/2026<sup>D G</sup> | 67025000 | 1159745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24.532%, Due 10/13/2026<sup>D G</sup> | 641550000 | 10812048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23.990%, Due 10/27/2026<sup>D G</sup> | 322900000 | 5394309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32.013%, Due 12/22/2026<sup>D G</sup> | 89275000 | 1442006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **45625768** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Egypt (Cost $47,131,022)** |  | **45625768** |
|  **El Salvador - 1.8%** |  |  |
|  **Foreign Sovereign Obligations - 1.8%** |  |  |
|  El Salvador Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, Due 1/20/2050<sup>B</sup>  | $6321000 | 5729987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, Due 7/15/2052<sup>B</sup>  | 9735000 | 10878862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, Due 7/15/2052<sup>A</sup>  | 1288000 | 1439340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.650%, Due 11/21/2054<sup>A</sup>  | 10687000 | 12010051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.650%, Due 11/21/2054<sup>B</sup>  | 640000 | 719232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **30777472** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total El Salvador (Cost $29,550,204)** |  | **30777472** |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Gabon - 0.6%** |  |  |
|  **Foreign Sovereign Obligations - 0.6%** |  |  |
|  Gabon Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, Due 2/18/2029<sup>B</sup>  | $7118000 | $6707129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, Due 2/6/2031<sup>B</sup>  | 4624000 | 3895085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **10602214** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Gabon (Cost $10,803,399)** |  | **10602214** |
|  **Georgia - 0.9%** |  |  |
|  **Foreign Corporate Obligations - 0.4%** |  |  |
|  Bank of Georgia JSC, 11.500%, Due 11/17/2028<sup>A</sup>  | 17300000 | **6469452** |
|  **Foreign Sovereign Obligations - 0.5%** |  |  |
|  Georgia Treasury Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.375%, Due 1/18/2028 | 5000000 | 1906069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, Due 8/28/2029 | 3500000 | 1305700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, Due 7/13/2034 | 8200000 | 2889432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, Due 9/16/2036 | 5000000 | 1804402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **7905603** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Georgia (Cost $14,085,191)** |  | **14375055** |
|  **Ghana - 4.2%** |  |  |
|  **Foreign Corporate Obligations - 0.2%** |  |  |
|  Kosmos Energy Ltd., 7.500%, Due 3/1/2028<sup>A</sup>  | $3244000 | **3185131** |
|  **Foreign Sovereign Obligations - 4.0%** |  |  |
|  Ghana Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 7/3/2029<sup>A C</sup> | 3511330 | 3433685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 1/3/2030<sup>A D</sup> | 853641 | 751860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 7/3/2035<sup>A C</sup> | 31186538 | 28583221 |
|  Republic of Ghana Government Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19.000%, Due 11/2/2026 | 47576000 | 4112236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19.250%, Due 1/18/2027 | 19750000 | 1686887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, Due 2/15/2028, Cash (5.000%) or PIK (in-kind rate 3.500%) | 28000000 | 2455830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, Due 8/15/2028 | 4000000 | 349593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.650%, Due 2/13/2029, Cash (5.000%) or PIK (in-kind rate 3.650%) | 11500000 | 981095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.800%, Due 2/12/2030, Cash (5.000%) or PIK (in-kind rate 3.800%) | 28000000 | 2208319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.950%, Due 2/11/2031, Cash (5.000%) or PIK (in-kind rate 3.950%) | 159300000 | 12632816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.100%, Due 2/10/2032, Cash (5.000%) or PIK (in-kind rate 4.100%) | 53200000 | 4036704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, Due 2/8/2033, Cash (5.000%) or PIK (in-kind rate 4.250%) | 47800000 | 3649113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.400%, Due 2/7/2034, Cash (5.000%) or PIK (in-kind rate 4.400%) | 11100000 | 819936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.700%, Due 2/5/2036, Cash (5.000%) or PIK (in-kind rate 4.700%) | 29700000 | 2025957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **67727252** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Ghana (Cost $69,242,885)** |  | **70912383** |
|  **Iraq - 0.3% (Cost $5,750,245)** |  |  |
|  **Foreign Sovereign Obligations - 0.3%** |  |  |
|  Iraq International Bonds, 5.800%, Due 1/15/2028<sup>B</sup>  | $5874750 | **5748439** |
|  **Ivory Coast - 3.1%** |  |  |
|  **Credit-Linked Notes - 0.1%** |  |  |
|  Republic of Cote d'Ivoire (Issuer Zambezi BV), 6.000%, Due 8/2/2026<sup>A</sup>  | 666666666 | **1192573** |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Ivory Coast - 3.1% (continued)** |  |  |
|  **Foreign Sovereign Obligations - 3.0%** |  |  |
|  Ivory Coast Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, Due 4/1/2028<sup>A</sup>  | 2500000000 | $4482483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, Due 4/1/2028<sup>B</sup>  | 2074000000 | 3718668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.075%, Due 4/1/2036<sup>B</sup>  | $1523000 | 1614765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, Due 1/30/2037<sup>B</sup>  | 9277000 | 9935700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, Due 10/17/2040<sup>B</sup>  | 10407000 | 11969582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, Due 2/25/2041<sup>A</sup>  | $422000 | 388507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, Due 3/22/2048<sup>B</sup>  | 18026000 | 19241909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **51351614** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Ivory Coast (Cost $48,786,290)** |  | **52544187** |
|  **Jamaica - 0.5%** |  |  |
|  **Foreign Corporate Obligations - 0.2%** |  |  |
|  Digicel International Finance Ltd./Difl U.S. LLC, 8.625%, Due 8/1/2032<sup>A</sup> | $4316000 | **4489939** |
|  **Foreign Sovereign Obligations - 0.3%** |  |  |
|  Jamaica Government International Bonds, 9.625%, Due 11/3/2030 | 681500000 | **4563132** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Jamaica (Cost $8,840,606)** |  | **9053071** |
|  **Kazakhstan - 3.9%** |  |  |
|  **Foreign Sovereign Obligations - 3.9%** |  |  |
|  Development Bank of Kazakhstan JSC, 16.950%, Due 5/8/2029<sup>A</sup>  | 2813500000 | 6065648 |
|  Kazakhstan Government Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.900%, Due 9/16/2026 | 1080000000 | 2297450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, Due 3/6/2027 | 1160000000 | 2344672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.400%, Due 5/19/2027 | 3321786000 | 6715835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, Due 7/3/2027 | 2574580000 | 5093659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.490%, Due 9/18/2027 | 924000000 | 1726196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300%, Due 10/19/2027 | 850000000 | 1571505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, Due 10/24/2027 | 430000000 | 807223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.350%, Due 11/18/2027 | 2518452000 | 5307703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.400%, Due 4/12/2028 | 970000000 | 1880977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 4/18/2028 | 4841728000 | 8509509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.470%, Due 10/27/2028 | 1800000000 | 3413904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.300%, Due 3/3/2029 | 1176866000 | 2465530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.550%, Due 7/28/2029 | 2300000000 | 4257776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17.010%, Due 8/7/2029 | 1200000000 | 2618710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.680%, Due 8/13/2029 | 2697248000 | 4589133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, Due 3/7/2030 | 165000000 | 312773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.000%, Due 5/12/2031 | 384441000 | 763068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.180%, Due 2/5/2032 | 425000000 | 877341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.600%, Due 3/6/2032 | 281000000 | 567897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 4/24/2032 | 800000000 | 1046700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.450%, Due 6/5/2033 | 360000000 | 723621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.120%, Due 2/17/2034 | 400000000 | 644583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.000%, Due 2/13/2035 | 450000000 | 887287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **65488700** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Kazakhstan (Cost $63,043,429)** |  | **65488700** |
|  **Kenya - 3.4%** |  |  |
|  **Foreign Sovereign Obligations - 3.4%** |  |  |
|  Republic of Kenya Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, Due 2/16/2031<sup>B</sup>  | $1674000 | 1767857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, Due 3/5/2036<sup>A</sup>  | 7175000 | 7175061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, Due 3/5/2036<sup>B</sup>  | 863000 | 863007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.700%, Due 2/26/2039<sup>A</sup>  | 4200000 | 3958529 |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Kenya - 3.4% (continued)** |  |  |
|  **Foreign Sovereign Obligations - 3.4% (continued)** |  |  |
|  Republic of Kenya Infrastructure Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.200%, Due 5/25/2026 | 15500000 | $119969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.000%, Due 10/12/2026 | 43467948 | 338192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.850%, Due 4/2/2029 | 12250000 | 95768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.461%, Due 8/9/2032 | 2345800000 | 21937841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.500%, Due 1/10/2033 | 955000000 | 7464604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.750%, Due 10/8/2035 | 112000000 | 877017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.938%, Due 10/27/2036 | 250000000 | 2093613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.257%, Due 1/5/2037 | 152000000 | 1178838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.399%, Due 2/20/2040 | 300000000 | 2533980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.965%, Due 1/28/2041 | 870000000 | 6940514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **57344790** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Kenya (Cost $55,702,605)** |  | **57344790** |
|  **Kyrgyzstan - 2.5%** |  |  |
|  **Credit-Linked Notes - 1.0%** |  |  |
|  Republic of Kyrgyzstan (Issuer Aurora Australis BV), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, Due 3/8/2032<sup>A</sup>  | 190000000 | 1623967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, Due 3/19/2032<sup>A</sup>  | 55000000 | 469593 |
|  Republic of Kyrgyzstan (Issuer Rufiji BV), 6.000%, Due 10/24/2030<sup>A</sup> | 200000000 | 1769150 |
|  Republic of Kyrgyzstan (Issuer Tugela BV), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.250%, Due 9/13/2027<sup>A</sup>  | 220000000 | 2587036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, Due 2/7/2028<sup>A</sup>  | 95000000 | 1100394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 9/13/2029<sup>A</sup>  | 305000000 | 2949154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, Due 9/20/2032<sup>A</sup>  | 600000000 | 5026052 |
|  Republic of Kyrgyzstan (Issuer Zambezi BV), 10.000%, Due 4/13/2028<sup>A</sup>  | 180000000 | 1995802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Credit-Linked Notes** |  | **17521148** |
|  **Foreign Corporate Obligations - 0.2%** |  |  |
|  Eldik Bank OAO, 8.500%, Due 4/23/2031<sup>A</sup>  | $2978000 | **2979077** |
|  **Foreign Sovereign Obligations - 1.3%** |  |  |
|  Kyrgyz Republic International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, Due 6/3/2030<sup>A</sup>  | 18152000 | 18527344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, Due 6/3/2030<sup>B</sup>  | 2700000 | 2755830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **21283174** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Kyrgyzstan (Cost $41,882,273)** |  | **41783399** |
|  **Lao People's Democratic Republic - 0.8%** |  |  |
|  **Foreign Sovereign Obligations - 0.8%** |  |  |
|  Laos Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.250%, Due 11/12/2030<sup>A</sup>  | 12558000 | 13217295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.250%, Due 11/12/2030<sup>B</sup>  | 945000 | 994613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **14211908** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Lao People's Democratic Republic (Cost $13,535,194)** |  | **14211908** |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Lebanon - 1.2%** |  |  |
|  **Foreign Sovereign Obligations - 1.2%** |  |  |
|  Lebanon Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 11/29/2027<sup>B D H</sup> | $711000 | $179600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 3/20/2028<sup>B D H</sup> | 23225000 | 5889600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 11/3/2028<sup>B D H</sup> | 284000 | 72064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 5/25/2029<sup>B D H</sup> | 706000 | 179147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 3/23/2032<sup>B D H</sup> | 1483000 | 385372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 5/17/2033<sup>B D H</sup> | 32650000 | 8565135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 5/17/2034<sup>B D H</sup> | 19037000 | 4970523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 3/23/2037<sup>B D H</sup> | 1484000 | 385333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **20626774** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Lebanon (Cost $19,032,808)** |  | **20626774** |
|  **Luxembourg - 0.4% (Cost $6,519,943)** |  |  |
|  **Foreign Corporate Obligations - 0.4%** |  |  |
|  United Republic of Tanzania (Issuer Plover S.A.R.L.), 8.843%, Due 1/20/2032, (6 mo. USD Term SOFR + 5.200%)<sup>A F</sup> | 6500000 | **6636760** |
|  **Malawi - 0.5%** |  |  |
|  **Credit-Linked Notes - 0.5%** |  |  |
|  CDH Investment Bank (Issuer Tugela BV), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.500%, Due 1/4/2027<sup>A</sup>  | 1500000 | 1642800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 4/30/2027<sup>A D</sup> | 200000 | 177700 |
|  Republic of Malawi (Issuer Tugela BV), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.500%, Due 8/15/2026<sup>A</sup>  | 2700000 | 1300320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.000%, Due 8/19/2026<sup>A</sup>  | 1000000 | 998700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.500%, Due 9/17/2026<sup>A</sup>  | 1989120 | 2311755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.500%, Due 12/18/2026<sup>A</sup>  | 1000000 | 1055100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.500%, Due 6/2/2027<sup>A</sup>  | 800000 | 518320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.500%, Due 6/18/2027<sup>A</sup>  | 700000 | 316820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.000%, Due 8/20/2027<sup>A</sup>  | 500000 | 280700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.500%, Due 9/3/2027<sup>A</sup>  | 650000 | 293670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Credit-Linked Notes** |  | **8895885** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Malawi (Cost $10,922,710)** |  | **8895885** |
|  **Mauritius - 0.1% (Cost $2,411,245)** |  |  |
|  **Foreign Corporate Obligations - 0.1%** |  |  |
|  Axian Telecom Holding & Management PLC, 7.250%, Due 7/11/2030<sup>A</sup>  | 2422000 | **2439693** |
|  **Mongolia - 1.3%** |  |  |
|  **Credit-Linked Notes - 1.0%** |  |  |
|  Development Bank of Mongolia (Issuer Rufiji BV), Due 10/24/2031<sup>A D I</sup> | 18900000000 | 5293268 |
|  Development Bank of Mongolia (Issuer Zambezi BV), 14.000%, Due 5/12/2027<sup>A</sup>  | 27500000000 | 8323805 |
|  Republic of Mongolia (Issuer Aurora Australis BV), 12.000%, Due 11/25/2031<sup>A I</sup> | 8000000000 | 2351691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Credit-Linked Notes** |  | **15968764** |
|  **Foreign Corporate Obligations - 0.3%** |  |  |
|  Tsetsens Mining & Energy LLC, 11.375%, Due 2/5/2031<sup>B</sup>  | $5361000 | **5560452** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Mongolia (Cost $21,289,927)** |  | **21529216** |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Mozambique - 1.7%** |  |  |
|  **Credit-Linked Notes - 0.9%** |  |  |
|  Republic of Mozambique (Issuer ICBC Standard Bank PLC), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17.000%, Due 5/11/2025<sup>J K</sup> | 100000000 | $1565558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.500%, Due 11/13/2025<sup>J K</sup> | 40000000 | 626223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.500%, Due 2/11/2027I <sup>J K</sup> | 46752000 | 776811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19.000%, Due 5/12/2028<sup>A J K</sup> | 51000000 | 776549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.000%, Due 1/15/2029<sup>A J K</sup> | 130000000 | 2173051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17.000%, Due 5/24/2029<sup>B J K</sup> | 188500000 | 3044832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.250%, Due 3/14/2030<sup>B J K</sup> | 199521000 | 3272238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.050%, Due 9/12/2030<sup>B J K</sup> | 215000000 | 3521961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Credit-Linked Notes** |  | **15757223** |
|  **Foreign Sovereign Obligations - 0.8%** |  |  |
|  Mozambique International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, Due 9/15/2031<sup>A</sup>  | $2353000 | 1928915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, Due 9/15/2031<sup>B</sup>  | 12866000 | 10547140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **12476055** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Mozambique (Cost $28,343,263)** |  | **28233278** |
|  **Netherlands - 0.7%** |  |  |
|  **Foreign Sovereign Obligations - 0.7%** |  |  |
|  Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, Due 8/21/2026<sup>B</sup>  | 600000 | 753382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, Due 12/15/2026<sup>B</sup>  | 2600000 | 3158815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, Due 1/21/2027<sup>B</sup>  | 1600000 | 1917517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.350%, Due 10/20/2027<sup>B</sup>  | 6000000000 | 1663964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, Due 4/23/2029<sup>B</sup>  | 13897000000 | 3865674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **11359352** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Netherlands (Cost $10,358,721)** |  | **11359352** |
|  **Nigeria - 4.4%** |  |  |
|  **Credit-Linked Notes - 0.1%** |  |  |
|  Federal Republic of Nigeria (Issuer ICBC Standard Bank PLC), Due 7/9/2026<sup>A D</sup> | 1364000000 | **947627** |
|  **Foreign Corporate Obligations - 0.4%** |  |  |
|  Access Bank PLC, 6.125%, Due 9/21/2026<sup>A</sup>  | $1207000 | 1202773 |
|  Dangote Fertiliser Ltd., 7.750%, Due 5/5/2031<sup>B</sup>  | 3506000 | 3545442 |
|  United Bank for Africa PLC, 6.750%, Due 11/19/2026<sup>A</sup>  | 1984000 | 1982016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Corporate Obligations** |  | **6730231** |
|  **Foreign Sovereign Obligations - 3.9%** |  |  |
|  Nigeria Government Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.288%, Due 3/17/2027 | 290000000 | 208290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17.945%, Due 8/27/2030 | 5308000000 | 4024872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.500%, Due 2/21/2031 | 10959800000 | 8452322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17.950%, Due 6/25/2032 | 19150253000 | 14600310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19.890%, Due 5/15/2033 | 6377747000 | 5249956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22.600%, Due 1/29/2035 | 1350000000 | 1298590 |
|  Nigeria Government International Bonds, 8.250%, Due 9/28/2051<sup>B</sup>  | $3609000 | 3645761 |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Nigeria - 4.4% (continued)** |  |  |
|  **Foreign Sovereign Obligations - 3.9% (continued)** |  |  |
|  Nigeria OMO Bills, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22.447%, Due 5/12/2026<sup>D G</sup> | 16063282000 | $11627343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21.782%, Due 6/2/2026<sup>D G</sup> | 4346000000 | 3106403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20.471%, Due 6/23/2026<sup>D G</sup> | 1498700000 | 1059566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21.710%, Due 7/7/2026<sup>D G</sup> | 7500000000 | 5264461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20.296%, Due 8/11/2026<sup>D G</sup> | 2427000000 | 1674620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21.369%, Due 9/1/2026<sup>D G</sup> | 6866000000 | 4688885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20.419%, Due 9/22/2026<sup>D G</sup> | 1573900000 | 1059670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **65961049** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Nigeria (Cost $70,741,220)** |  | **73638907** |
|  **Pakistan - 1.6%** |  |  |
|  **Foreign Corporate Obligations - 0.1%** |  |  |
|  Veon Midco BV, 9.000%, Due 7/15/2029<sup>A</sup>  | $1532000 | **1599641** |
|  **Foreign Sovereign Obligations - 1.5%** |  |  |
|  Pakistan Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, Due 4/8/2031<sup>B</sup>  | 3659000 | 3521252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, Due 4/8/2051<sup>B</sup>  | 5894000 | 5525340 |
|  Pakistan Investment Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.000%, Due 9/20/2029 | 1691700000 | 6271533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.000%, Due 7/17/2030 | 1906000000 | 6419745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, Due 1/15/2031 | 1390300000 | 4557644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **26295514** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Pakistan (Cost $28,708,952)** |  | **27895155** |
|  **Papua New Guinea - 0.5% (Cost $8,319,711)** |  |  |
|  **Foreign Sovereign Obligations - 0.5%** |  |  |
|  Papua New Guinea Government International Bonds, 8.375%, Due 10/4/2028<sup>B</sup>  | $8326000 | **8711133** |
|  **Paraguay - 2.1%** |  |  |
|  **Credit-Linked Notes - 0.4%** |  |  |
|  Municipalidad de Asuncion (Issuer Tugela BV), 12.000%, Due 11/22/2032<sup>A</sup>  | 16600000000 | 2846499 |
|  Republic of Paraguay (Issuer Tugela BV), 9.850%, Due 2/14/2031<sup>A</sup>  | 13700000000 | 2158155 |
|  Republic of Paraguay (Issuer Zambezi BV), 11.500%, Due 6/22/2035<sup>A</sup>  | 13500000000 | 2265378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Credit-Linked Notes** |  | **7270032** |
|  **Foreign Sovereign Obligations - 1.7%** |  |  |
|  Paraguay Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.900%, Due 2/9/2031<sup>B</sup>  | 31339000000 | 5100166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.900%, Due 2/9/2031<sup>A</sup>  | 23803000000 | 3873744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, Due 3/4/2035<sup>B</sup>  | 19614000000 | 3245865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, Due 3/4/2035<sup>A</sup>  | 47681000000 | 7890592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, Due 4/4/2038<sup>A</sup>  | 50859000000 | 8293732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **28404099** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Paraguay (Cost $31,083,218)** |  | **35674131** |
|  **Rwanda - 0.2% (Cost $2,531,324)** |  |  |
|  **Foreign Sovereign Obligations - 0.2%** |  |  |
|  Rwanda International Government Bonds, 5.500%, Due 8/9/2031<sup>B</sup>  | $2790000 | **2602222** |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Senegal - 1.2%** |  |  |
|  **Foreign Sovereign Obligations - 1.2%** |  |  |
|  Senegal Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, Due 3/13/2028<sup>B</sup>  | 893333 | $686367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, Due 6/10/2031<sup>B</sup>  | $4300000 | 2566430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, Due 5/23/2033<sup>B</sup>  | 3450000 | 1941701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, Due 6/8/2037<sup>B</sup>  | 13310000 | 8323987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, Due 3/13/2048<sup>B</sup>  | $11530000 | 6195811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **19714296** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Senegal (Cost $24,111,192)** |  | **19714296** |
|  **South Africa - 0.1% (Cost $1,584,000)** |  |  |
|  **Foreign Corporate Obligations - 0.1%** |  |  |
|  Liquid Telecommunications Financing PLC, 10.750%, Due 4/14/2031<sup>A</sup>  | 1584000 | **1606664** |
|  **Sri Lanka - 1.4%** |  |  |
|  **Foreign Sovereign Obligations - 1.4%** |  |  |
|  Sri Lanka Government Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.750%, Due 3/15/2028 | 300000000 | 959163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.000%, Due 5/15/2030 | 1195000000 | 3855374 |
|  Sri Lanka Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 4/15/2028<sup>A</sup>  | $634174 | 605166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100%, Due 1/15/2030<sup>A C</sup> | 917288 | 871966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100%, Due 1/15/2030<sup>B C</sup> | 6100000 | 5798606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, Due 6/15/2035<sup>B C</sup> | 12517821 | 9636732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, Due 5/15/2036<sup>B C</sup> | 572816 | 537868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, Due 2/15/2038<sup>B C</sup> | 627364 | 590307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **22855182** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Sri Lanka (Cost $23,305,790)** |  | **22855182** |
|  **Supranational - 3.6%** |  |  |
|  **Foreign Sovereign Obligations - 3.6%** |  |  |
|  Asian Development Bank, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.400%, Due 4/15/2028 | 4000000 | 1504567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.300%, Due 8/5/2028 | 1250000000 | 346492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.300%, Due 9/4/2028 | 18050000000 | 4916947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, Due 12/16/2028 | 22723400000 | 1893752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, Due 4/12/2030 | 6217293005 | 1722378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, Due 12/24/2030 | 12275790000 | 3414708 |
|  Corp. Andina de Fomento, 10.200%, Due 5/7/2029<sup>A</sup>  | 25601000000 | 7157115 |
|  European Bank for Reconstruction & Development, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20.000%, Due 8/20/2026 | $4300000 | 3760032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.500%, Due 9/25/2026<sup>B</sup>  | 700000 | 749812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, Due 1/20/2027 | 1800000 | 1687860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.850%, Due 2/18/2027<sup>B</sup>  | 1000000 | 1185852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.250%, Due 9/10/2027<sup>B</sup>  | 1500000 | 1606539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.150%, Due 12/16/2027 | 3300000 | 3290430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.200%, Due 6/22/2028<sup>B</sup>  | 1700000 | 1724414 |
|  International Bank for Reconstruction & Development, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.700%, Due 7/28/2027 | 8200000 | 3080437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.500%, Due 4/25/2028 | 725000000 | 1506095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.750%, Due 9/13/2028 | 241000000 | 486640 |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Supranational - 3.6% (continued)** |  |  |
|  **Foreign Sovereign Obligations - 3.6% (continued)** |  |  |
|  International Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, Due 7/30/2026<sup>B</sup>  | 4100000 | $2397001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 1/15/2027 | 1342320 | 785077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.000%, Due 2/5/2027 | 3100000000 | 267389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.950%, Due 6/18/2027 | 2900000000 | 805850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.800%, Due 9/8/2027<sup>B</sup>  | 7500000 | 4430704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, Due 10/15/2027 | 17700000000 | 1486591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.200%, Due 11/29/2027 | 4300000000 | 1158070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.950%, Due 12/15/2027<sup>B</sup>  | 7000000000 | 1947162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.850%, Due 6/19/2028<sup>B</sup>  | 190000000 | 3175405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17.500%, Due 7/19/2028 | 18000000000 | 1690281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.900%, Due 10/20/2028 | 120000000 | 2029291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.550%, Due 12/15/2028 | 1542000 | 877963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **61084854** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Supranational (Cost $61,113,413)** |  | **61084854** |
|  **Suriname - 1.7%** |  |  |
|  **Foreign Sovereign Obligations - 1.7%** |  |  |
|  Suriname Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.700%, Due 11/6/2030<sup>A</sup>  | $5765000 | 5992717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, Due 11/6/2035<sup>A</sup>  | 20874000 | 22631591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, Due 11/6/2035<sup>B</sup>  | 700000 | 758940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **29383248** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Suriname (Cost $27,956,100)** |  | **29383248** |
|  **Tajikistan - 0.1% (Cost $2,210,067)** |  |  |
|  **Foreign Sovereign Obligations - 0.1%** |  |  |
|  Republic of Tajikistan International Bonds, 7.125%, Due 9/14/2027<sup>B</sup>  | 2253500 | **2263145** |
|  **Togo - 0.2%** |  |  |
|  **Foreign Corporate Obligations - 0.2%** |  |  |
|  Ecobank Transnational, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.125%, Due 10/15/2029<sup>A</sup>  | 2535000 | 2726513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, Due 6/17/2031, (5 yr. CMT + 8.211%)<sup>A F</sup> | 847000 | 849575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Corporate Obligations** |  | **3576088** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Togo (Cost $3,516,873)** |  | **3576088** |
|  **Trinidad and Tobago - 0.2% (Cost $3,890,362)** |  |  |
|  **Foreign Corporate Obligations - 0.2%** |  |  |
|  Port of Spain Waterfront Development, 7.875%, Due 2/19/2040<sup>B</sup>  | 3871467 | **3986062** |
|  **Tunisia - 0.4% (Cost $6,933,589)** |  |  |
|  **Foreign Sovereign Obligations - 0.4%** |  |  |
|  Tunisian Republic, 6.375%, Due 7/15/2026<sup>B</sup>  | 6264000 | **7309451** |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **Uganda - 3.5%** |  |  |
|  **Foreign Sovereign Obligations - 3.5%** |  |  |
|  Republic of Uganda Government Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.000%, Due 5/6/2027 | 2500000000 | $684976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.250%, Due 8/23/2029 | 14862200000 | 3989491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17.000%, Due 4/3/2031 | 3460000000 | 990612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.375%, Due 3/4/2032 | 3836900000 | 1079069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.000%, Due 5/20/2032 | 2600000000 | 692942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.375%, Due 2/3/2033 | 13778000000 | 3563730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.250%, Due 6/22/2034 | 53984000000 | 13699971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.250%, Due 11/8/2035 | 40743900000 | 11317627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.800%, Due 6/23/2039 | 51532400000 | 13756471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.000%, Due 6/18/2043 | 39938300000 | 10154166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **59929055** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Uganda (Cost $59,915,361)** |  | **59929055** |
|  **Ukraine - 1.2%** |  |  |
|  **Foreign Corporate Obligations - 0.1%** |  |  |
|  MHP Lux SA, 10.500%, Due 7/28/2029<sup>A</sup>  | $1771000 | **1813678** |
|  **Foreign Sovereign Obligations - 1.1%** |  |  |
|  Ukraine Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 2/1/2029<sup>B C</sup> | 960000 | 745423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 2/1/2032<sup>B C</sup> | 950000 | 728028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 2/1/2034<sup>B C</sup> | 767563 | 363023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 2/1/2035<sup>B C</sup> | 8009845 | 4075408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 2/1/2035<sup>B C</sup> | 19796866 | 11953067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 2/1/2036<sup>B C</sup> | 410000 | 242837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **18107786** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Ukraine (Cost $20,186,470)** |  | **19921464** |
|  **United Kingdom - 0.8%** |  |  |
|  **Foreign Corporate Obligations - 0.8%** |  |  |
|  Republic of Ghana (Issuer ICBC Standard Bank PLC), 8.950%, Due 2/13/2031<sup>B</sup>  | 81820000 | 6267822 |
|  Republic of Nigeria (Issuer ICBC Standard Bank PLC), Due 8/6/2026<sup>A D</sup> | 10334000000 | 7078123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Corporate Obligations** |  | **13345945** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total United Kingdom (Cost $13,682,516)** |  | **13345945** |
|  **United States - 4.8%** |  |  |
|  **Corporate Obligations - 4.8%** |  |  |
|  Citigroup Global Markets Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 6/1/2026<sup>A D</sup> | 6171000000 | 4417956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.300%, Due 6/9/2026<sup>A</sup>  | 446700000 | 3633112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 7/9/2026<sup>A D</sup> | 7905204559 | 5524651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, Due 10/27/2026<sup>A</sup>  | 77000000 | 1291353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 10/29/2026<sup>A D</sup> | 64000000 | 1062577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 12/10/2026<sup>A D</sup> | 153000000 | 2475164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 1/14/2027<sup>A D</sup> | 5100000000 | 3266298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.000%, Due 9/25/2027<sup>A</sup>  | 200000000 | 3366226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.350%, Due 7/31/2028<sup>A</sup>  | 6500000 | 2453072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.448%, Due 11/7/2028<sup>A</sup>  | 142189406 | 2852035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.400%, Due 5/17/2029<sup>A</sup>  | 137313000 | 1162018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22.000%, Due 6/11/2029<sup>A</sup>  | 50900000 | 3148305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20.740%, Due 11/27/2029 | 65000000 | 3965679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.743%, Due 10/16/2030<sup>A</sup>  | 141376011 | 2580099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.000%, Due 1/28/2031 | 74784009 | 3649780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.500%, Due 2/25/2031<sup>A</sup>  | 5219438057 | 3982214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.000%, Due 8/23/2033<sup>A</sup>  | 53000000 | 2433743 |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  **United States - 4.8% (continued)** |  |  |
|  **Corporate Obligations - 4.8% (continued)** |  |  |
|  JPMorgan Chase Bank NA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 8/27/2026<sup>A D</sup> | 295000000 | $5086302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.250%, Due 10/23/2026<sup>A</sup>  | 13500000000 | 1138262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 3/4/2027<sup>A D</sup> | 110000000 | 1710847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.350%, Due 7/23/2027<sup>A</sup>  | 7600000000 | 672391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24.300%, Due 8/18/2027<sup>A</sup>  | 106000000 | 1961870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25.318%, Due 8/18/2027<sup>A</sup>  | 131125000 | 2426889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22.576%, Due 1/11/2028<sup>A</sup>  | 80500000 | 1483215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22.576%, Due 1/11/2028, Series EMNT<sup>A</sup>  | 80000000 | 1474002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21.954%, Due 3/7/2028<sup>A</sup>  | 80000000 | 1460216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, Due 3/17/2028<sup>A</sup>  | 2900000 | 1703640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21.492%, Due 12/6/2028<sup>A</sup>  | 178650000 | 3487230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21.182%, Due 1/9/2029, Series EMNT<sup>A</sup>  | 90000000 | 1756193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.300%, Due 3/6/2029<sup>A</sup>  | 7000000000 | 1931898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19.480%, Due 1/9/2031<sup>A</sup>  | 87000000 | 1666499 |
|  Morgan Stanley Finance LLC, 12.150%, Due 12/15/2026<sup>A</sup>  | 4550000000 | 1720002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Obligations** |  | **80943738** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total United States (Cost $80,767,472)** |  | **80943738** |
|  **Uruguay - 1.4%** |  |  |
|  **Foreign Sovereign Obligations - 1.4%** |  |  |
|  Uruguay Government International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, Due 5/21/2031 | 9140000 | 234935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, Due 7/20/2033 | 153700000 | 4248915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, Due 10/29/2035 | 171377435 | 4344921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, Due 7/2/2040<sup>E</sup>  | 402621091 | 11113161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400%, Due 5/16/2045<sup>E</sup>  | 126602101 | 3345273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **23287205** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Uruguay (Cost $21,493,036)** |  | **23287205** |
|  **Uzbekistan - 3.0%** |  |  |
|  **Credit-Linked Notes - 0.2%** |  |  |
|  Republic of Uzbekistan (Issuer ICBC Standard Bank PLC), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.000%, Due 10/3/2028<sup>A</sup>  | 38000000000 | 3353267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.000%, Due 1/23/2029<sup>A</sup>  | 13125000000 | 1221783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Credit-Linked Notes** |  | **4575050** |
|  **Foreign Sovereign Obligations - 2.8%** |  |  |
|  Republic of Uzbekistan International Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.250%, Due 10/12/2026<sup>B</sup>  | 139420000000 | 11988560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.250%, Due 10/12/2026<sup>A</sup>  | 62860000000 | 5405256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.625%, Due 5/29/2027<sup>A</sup>  | 53850000000 | 4770215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.500%, Due 2/25/2028<sup>A</sup>  | 111860000000 | 10036978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.500%, Due 2/25/2028<sup>B</sup>  | 49330000000 | 4426284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.250%, Due 4/13/2029<sup>A</sup>  | 122300000000 | 10400459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  | **47027752** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Uzbekistan (Cost $47,617,720)** |  | **51602802** |
|  **Venezuela - 1.2%** |  |  |
|  **Foreign Corporate Obligations - 0.3%** |  |  |
|  Petroleos de Venezuela SA, Due 2/17/2022<sup>B D H</sup> | $10026000 | **5133312** |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
|  | **Principal Amount** | **Principal Amount** | **Fair Value** |
|  **Venezuela - 1.2% (continued)** |  |  |  |
|  **Foreign Sovereign Obligations - 0.9%** |  |  |  |
|  Venezuela Government International Bonds, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 10/21/2026<sup>B D H</sup> | $— | 9424100 | $5357601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 5/7/2028<sup>B D H</sup> |  | 9650000 | 4897375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due 8/5/2031<sup>B D H</sup> |  | 8054300 | 4570815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  |  | **14825791** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Venezuela (Cost $13,512,831)** |  |  | **19959103** |
|  **Zambia - 3.9%** |  |  |  |
|  **Credit-Linked Notes - 0.6%** |  |  |  |
|  Republic of Zambia (Issuer ICBC Standard Bank PLC), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.000%, Due 1/29/2031<sup>B</sup>  |  | 30600000 | 1566605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.000%, Due 8/23/2033<sup>A</sup>  |  | 94500000 | 4440817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17.190%, Due 1/29/2036<sup>A</sup>  |  | 82340000 | 4775103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Credit-Linked Notes** |  |  | **10782525** |
|  **Foreign Sovereign Obligations - 3.3%** |  |  |  |
|  Zambia Government Bonds, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, Due 6/17/2026 |  | 12000000 | 641788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.000%, Due 8/18/2026 |  | 12000000 | 646165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, Due 8/21/2026 |  | 20700000 | 1099828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.000%, Due 12/18/2027 |  | 24795000 | 1302456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20.000%, Due 12/23/2027 |  | 8000000 | 462452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, Due 5/31/2028 |  | 42800000 | 2201557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.000%, Due 11/24/2028 |  | 8000000 | 442860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.000%, Due 12/17/2028 |  | 30000000 | 1558067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.790%, Due 1/26/2029 |  | 15000000 | 826920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.000%, Due 7/27/2030 |  | 8000000 | 404626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.000%, Due 8/18/2030 |  | 20000000 | 1175860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.000%, Due 9/29/2030 |  | 12230000 | 719493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.000%, Due 1/25/2031 |  | 100140000 | 5020043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.100%, Due 1/26/2031 |  | 165000000 | 9173565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.490%, Due 6/23/2032 |  | 37000000 | 2132229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.490%, Due 8/18/2032 |  | 30000000 | 1731219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.500%, Due 9/29/2032 |  | 51000000 | 2941267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.950%, Due 12/22/2032 |  | 9000000 | 504775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.000%, Due 6/26/2033 |  | 9000000 | 424449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22.490%, Due 2/17/2035 |  | 10000000 | 627680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21.480%, Due 3/17/2035 |  | 26000000 | 1629107 |
|  Zambia Government International Bonds, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, Due 6/30/2033<sup>B C</sup> | $— | 11051631 | 10874095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.500%, Due 12/31/2053, Cash (6.000%) or PIK (in-kind rate 1.500%)<sup>B</sup>  |  | 12152761 | 8279300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Sovereign Obligations** |  |  | **54819801** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Zambia (Cost $55,821,142)** |  |  | **65602326** |
|  | **Shares** | **Shares** |  |
|  SHORT-TERM INVESTMENTS - 11.1% (Cost $187,933,735) |  |  |  |
|  **Investment Companies - 11.1%** |  |  |  |
|  American Beacon U.S. Government Money Market Select Fund, 3.56%<sup>L M</sup> |  | 187933735 | **187933735** |
|  **TOTAL INVESTMENTS - 97.9% (Cost $1,598,620,821)** |  |  | **1657709835** |
|  **OTHER ASSETS, NET OF LIABILITIES - 2.1%** |  |  | **35198446** |
|  **TOTAL NET ASSETS - 100.0%** |  |  | $**1692908281** |

---

Percentages are stated as a percent of net assets.

<sup>A</sup> Security exempt from registration under the Securities Act of 1933. These securities may be resold to qualified institutional buyers pursuant to Rule 144A. At the period end, the value of these securities amounted to $458,223,558 or 27.1% of net assets. The Fund has no right to demand registration of these securities. 

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

<sup>B</sup> Reg S - Security purchased under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. 

<sup>C</sup> Step Up/Down - A zero coupon bond that converts to a fixed rate or variable interest rate at a designated future date. The rate disclosed represents the coupon rate at April 30, 2026. The maturity date disclosed represents the final maturity date.

<sup>D</sup> Zero coupon bond.

<sup>E</sup> Inflation-Indexed Note.

<sup>F</sup> Variable, floating, or adjustable rate securities with an interest rate that changes periodically. Rates are periodically reset with rates that are based on a predetermined benchmark such as a widely followed interest rate such as T-bills, SOFR or PRIME plus a fixed spread. The interest rate disclosed reflects the rate in effect on April 30, 2026. 

<sup>G</sup> Coupon represents a weighted average yield to maturity.

<sup>H</sup> Default Security. At period end, the amount of securities in default was $40,585,877 or 2.4% of net assets. 

<sup>I</sup> Coupon rate may change based on changes of the underlying collateral or prepayments of principal. The coupon rate shown represents the rate at period end.

<sup>J</sup> Security has been fair valued pursuant to the Manager's procedures related to pricing that is not available after the close of exchange or the available price does not reflect the security's fair market value. At period end, the value of these securities amounted to $15,757,223 or 0.9% of net assets. 

<sup>K</sup> Value was determined using significant unobservable inputs.

<sup>L</sup> 7-day yield.

<sup>M</sup> The Fund is affiliated by having the same investment advisor.

CMT - Constant Maturity Treasury.

DAC - Designated Activity Company.

LLC - Limited Liability Company.

OMO - Open Market Operation.

PIK - Payment in Kind.

PLC - Public Limited Company.

PRIME - A rate, charged by banks, based on the U.S. Federal Funds rate.

SOFR - Secured Overnight Financing Rate.

T-bills - Treasury bills.

USD - United States Dollar.

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

***Forward Foreign Currency Contracts Open on April 30, 2026:***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased<sup>\*</sup>**  | **Currency Purchased<sup>\*</sup>**  | **Currency Sold<sup>\*</sup>** | **Currency Sold<sup>\*</sup>** | **Settlement Date** | **Counterparty** | **Unrealized<br>Appreciation** | **Unrealized<br>(Depreciation)** | **Net Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 108294 | UYU | 108857 | 6/17/2026 | CBK | $— | $(563) | $(563) |
| USD | 452987 | UYU | 458034 | 6/17/2026 | CBK |  | (5047) | (5047) |
| EUR | 600111 | USD | 588347 | 6/17/2026 | CBK | 11764 |  | 11764 |
| USD | 2994552 | EUR | 3020662 | 6/17/2026 | CBK |  | (26110) | (26110) |
| USD | 106572 | UYU | 107529 | 9/16/2026 | CBK |  | (957) | (957) |
| USD | 448376 | UYU | 455160 | 9/16/2026 | CBK |  | (6784) | (6784) |
| EGP | 116767 | USD | 117853 | 3/17/2027 | CBK |  | (1086) | (1086) |
| EGP | 116767 | USD | 117853 | 3/17/2027 | CBK |  | (1086) | (1086) |
| EGP | 233557 | USD | 236517 | 3/17/2027 | CBK |  | (2960) | (2960) |
| EGP | 467044 | USD | 471389 | 3/17/2027 | CBK |  | (4345) | (4345) |
| EUR | 33119 | USD | 32694 | 6/17/2026 | HUB | 425 |  | 425 |
| USD | 197532 | EUR | 200009 | 6/17/2026 | HUB |  | (2477) | (2477) |
| USD | 725052 | EUR | 740149 | 6/17/2026 | HUB |  | (15097) | (15097) |
| USD | 18112632 | EUR | 18173097 | 7/15/2026 | JPM |  | (60465) | (60465) |
| USD | 38269208 | EUR | 38640239 | 5/20/2026 | SCB |  | (371031) | (371031) |
| EUR | 195825 | USD | 193868 | 6/17/2026 | SCB | 1957 |  | 1957 |
| TZS | 365936 | USD | 364498 | 6/17/2026 | SCB | 1438 |  | 1438 |
| GHS | 901961 | USD | 951376 | 6/18/2026 | SCB |  | (49415) | (49415) |
| GHS | 900947 | USD | 996380 | 9/14/2026 | SCB |  | (95433) | (95433) |
| USD | 305147 | KES | 316438 | 9/16/2026 | SCB |  | (11291) | (11291) |
| USD | 314513 | KES | 316438 | 9/16/2026 | SCB |  | (1925) | (1925) |
| TZS | 367157 | USD | 364578 | 9/16/2026 | SCB | 2579 |  | 2579 |
| UZS | 765943 | USD | 750380 | 9/16/2026 | SCB | 15563 |  | 15563 |
| USD | 603636 | KES | 627581 | 12/16/2026 | SCB |  | (23945) | (23945) |
|  |  |  |  |  |  | $33726 | $(680017) | $(646291) |

---

\* *All values denominated in USD.*

***Glossary:***

**<u>Counterparty Abbreviations:</u>**

---

| | |
|:---|:---|
|  CBK | Citibank NA |
|  HUB | HSBC Bank PLC |
|  JPM | JPMorgan Chase Bank, N.A. |
|  SCB | Standard Chartered Bank |

---

**<u>Currency Abbreviations:</u>**

---

| | |
|:---|:---|
|  AMD | Armenian Dram |
|  ARS | Argentina Peso |
|  AZN | Azerbaijan Manat |
|  BDT | Bangladeshi Taka |
|  DOP | Dominican Peso |
|  EGP | Egyptian Pound |
|  EUR | Euro |
|  GEL | Georgian Lari |
|  GHS | Ghanaian Cedi |
|  JMD | Jamaican Dollar |
|  KES | Kenyan Shilling |
|  KGS | Kyrgyzstani Som |
|  KZT | Kazakhstani Tenge |
|  LKR | Sri Lankan Rupee |
|  MNT | Mongolia Tugrug |
|  MZN | Mozambique Metical |
|  NGN | Nigerian Naira |
|  PKR | Pakistani Rupee |
|  PYG | Paraguayan Guarani |
|  TZS | Tanzanian shilling |
|  UGX | Ugandan Shilling |
|  USD | United States Dollar |
|  UYU | Uruguan Peso |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

**<u>Currency Abbreviations: (continued)</u>**

---

| | |
|:---|:---|
|  UZS | Uzbekistani Som |
|  XOF | West African Communaute Financiere Africaine Franc |
|  ZMW | Zambian Kwacha |

---

The Fund's investments are summarized by level based on the inputs used to determine their values. As of April 30, 2026, the investments were classified as described below:

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Developing World Income Fund** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  ***Assets*** |  |  |  |  |
|  Credit-Linked Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azerbaijan | $— | $3028958 | $— | $3028958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Congo |  | 1801973 |  | 1801973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ivory Coast |  | 1192573 |  | 1192573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kyrgyzstan |  | 17521148 |  | 17521148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Malawi |  | 8895885 |  | 8895885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mongolia |  | 15968764 |  | 15968764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mozambique |  |  | 15757223 | 15757223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nigeria |  | 947627 |  | 947627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paraguay |  | 7270032 |  | 7270032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uzbekistan |  | 4575050 |  | 4575050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zambia |  | 10782525 |  | 10782525 |
|  Foreign Corporate Obligations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angola |  | 13298183 |  | 13298183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentina |  | 4728920 |  | 4728920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Georgia |  | 6469452 |  | 6469452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ghana |  | 3185131 |  | 3185131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica |  | 4489939 |  | 4489939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kyrgyzstan |  | 2979077 |  | 2979077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Luxembourg |  | 6636760 |  | 6636760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mauritius |  | 2439693 |  | 2439693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mongolia |  | 5560452 |  | 5560452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nigeria |  | 6730231 |  | 6730231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pakistan |  | 1599641 |  | 1599641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa |  | 1606664 |  | 1606664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Togo |  | 3576088 |  | 3576088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinidad and Tobago |  | 3986062 |  | 3986062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ukraine |  | 1813678 |  | 1813678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 13345945 |  | 13345945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venezuela |  | 5133312 |  | 5133312 |
|  Foreign Sovereign Obligations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angola |  | 60633773 |  | 60633773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentina |  | 69979920 |  | 69979920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Armenia |  | 12279586 |  | 12279586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bahamas |  | 1332927 |  | 1332927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benin |  | 21794917 |  | 21794917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bosnia and Herzegovina |  | 754123 |  | 754123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cameroon |  | 26949519 |  | 26949519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Congo |  | 33920354 |  | 33920354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costa Rica |  | 1832256 |  | 1832256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dominican Republic |  | 12301686 |  | 12301686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecuador |  | 52058485 |  | 52058485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Egypt |  | 45625768 |  | 45625768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; El Salvador |  | 30777472 |  | 30777472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gabon |  | 10602214 |  | 10602214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Georgia |  | 7905603 |  | 7905603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ghana |  | 67727252 |  | 67727252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iraq |  | 5748439 |  | 5748439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ivory Coast |  | 51351614 |  | 51351614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica |  | 4563132 |  | 4563132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan |  | 65488700 |  | 65488700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kenya |  | 57344790 |  | 57344790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kyrgyzstan |  | 21283174 |  | 21283174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lao People's Democratic Republic |  | 14211908 |  | 14211908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lebanon |  | 20626774 |  | 20626774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mozambique |  | 12476055 |  | 12476055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands |  | 11359352 |  | 11359352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nigeria |  | 65961049 |  | 65961049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pakistan |  | 26295514 |  | 26295514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Papua New Guinea |  | 8711133 |  | 8711133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paraguay |  | 28404099 |  | 28404099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rwanda |  | 2602222 |  | 2602222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senegal |  | 19714296 |  | 19714296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sri Lanka |  | 22855182 |  | 22855182 |

---

*See accompanying notes* 

------

**American Beacon Developing World Income Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Developing World Income Fund (continued)** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  ***Assets (continued)*** |  |  |  |  |
|  Foreign Sovereign Obligations (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Supranational | $— | $61084854 | $— | $61084854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suriname |  | 29383248 |  | 29383248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tajikistan |  | 2263145 |  | 2263145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tunisia |  | 7309451 |  | 7309451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uganda |  | 59929055 |  | 59929055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ukraine |  | 18107786 |  | 18107786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uruguay |  | 23287205 |  | 23287205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uzbekistan |  | 47027752 |  | 47027752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venezuela |  | 14825791 |  | 14825791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zambia |  | 54819801 |  | 54819801 |
|  Corporate Obligations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 80943738 |  | 80943738 |
|  Short-Term Investments | 187933735 |  |  | 187933735 |
|  Total Investments in Securities - Assets | $187933735 | $1454018877 | $15757223 | $1657709835 |
|  ***Financial Derivative Instruments - Assets*** |  |  |  |  |
|  Forward Foreign Currency Contracts | $— | $33726 | $— | $33726 |
|  Total Financial Derivative Instruments - Assets | $— | $33726 | $— | $33726 |
|  ***Financial Derivative Instruments - Liabilities*** |  |  |  |  |
|  Forward Foreign Currency Contracts | $— | $(680017) | $— | $(680017) |
|  Total Financial Derivative Instruments - Liabilities | $— | $(680017) | $— | $(680017) |

---

U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended April 30, 2026, there were no transfers into or out of Level 3.

The following table is a reconciliation of Level 3 assets within the Fund for which significant unobservable inputs were used to determine fair value. Transfers in or out of Level 3 represent the ending value of any security or instrument where a change in the level has occurred from the beginning to the end of the period:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Balance as**<br>**of**<br>**1/31/2026** | **Purchases** | **Accrued**<br>**Discount<br>(Premiums)** | **Realized<br>Gain (Loss)** | **Change in**<br>**Unrealized**<br>**Appreciation<br>(Depreciation)** | **Transfer into**<br>**Level 3** | **Balance as**<br>**of**<br>**4/30/2026** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)<br>at Period End\*** |
|  Credit-Linked Notes | $15198411 | $– $– $| 7730 | $– $| 551082 | $– $– $| 15757223 | $1198029 |
|  | $15198411 | $– $– $| 7730 | $– $| 551082 | $– $– $| 15757223 | $1198029 |

---

\* *Change in unrealized appreciation (depreciation) attributable to Level 3 securities held at period end.*

For the period ended April 30, 2026, eight credit-linked notes were fair valued at $15,757,223 by the Fair Value Committee, and have been classified as Level 3 due to the lack of pricing. The Level 3 investments fair value is based on unobservable inputs that are not developed by the Manager such as investments for which fair value is determined by recent pricing obtained from brokers.

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  CORPORATE OBLIGATIONS - 30.9% |  |  |
|  **Basic Materials - 0.4%** |  |  |
|  **Chemicals - 0.3%** |  |  |
|  Axalta Coating Systems Dutch Holding B BV, 7.250%, Due 2/15/2031<sup>A</sup>  | $7000 | $7280 |
|  CVR Partners LP/CVR Nitrogen Finance Corp., 6.125%, Due 6/15/2028<sup>A</sup>  | 4000 | 3997 |
|  Perimeter Holdings LLC, 6.250%, Due 1/15/2034<sup>A</sup>  | 5000 | 4976 |
|  PPG Industries, Inc., 4.375%, Due 3/15/2031 | 5000 | 4937 |
|  Solstice Advanced Materials, Inc., 5.625%, Due 9/30/2033<sup>A</sup>  | 7000 | 6963 |
|  |  | **28153** |
|  **Iron & Steel - 0.1%** |  |  |
|  Carpenter Technology Corp., 5.625%, Due 3/1/2034<sup>A</sup>  | 5000 | **5003** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Basic Materials** |  | **33156** |
|  **Communications - 2.2%** |  |  |
|  **Internet - 0.6%** |  |  |
|  Alphabet, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800%, Due 2/15/2036 | 10000 | 9898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450%, Due 11/15/2055 | 10000 | 9565 |
|  Amazon.com, Inc., 5.800%, Due 3/13/2056 | 5000 | 4921 |
|  Cogent Communications Group LLC/Cogent Finance, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, Due 6/15/2027<sup>A</sup>  | 3000 | 2985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, Due 7/1/2032<sup>A</sup>  | 5000 | 4637 |
|  Meta Platforms, Inc., 5.500%, Due 11/15/2045 | 15000 | 13937 |
|  |  | **45943** |
|  **Media - 0.7%** |  |  |
|  CCO Holdings LLC/CCO Holdings Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, Due 2/1/2031<sup>A</sup>  | 9000 | 8174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, Due 1/15/2034<sup>A</sup>  | 7000 | 5871 |
|  Charter Communications Operating LLC/Charter Communications Operating Capital, 6.550%, Due 6/1/2034 | 15000 | 15513 |
|  Gray Media, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, Due 7/15/2029<sup>A</sup>  | 5000 | 5308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.625%, Due 7/15/2032<sup>A</sup>  | 3000 | 3050 |
|  Paramount Global, 4.950%, Due 1/15/2031 | 5000 | 4717 |
|  Sirius XM Radio LLC, 4.000%, Due 7/15/2028<sup>A</sup>  | 8000 | 7769 |
|  3.875%, Due 9/1/2031<sup>A</sup>  | 10000 | 9053 |
|  |  | **59455** |
|  **Telecommunications - 0.9%** |  |  |
|  AT&T, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900%, Due 11/1/2035 | 15000 | 14591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650%, Due 6/1/2051 | 15000 | 10199 |
|  Black Pearl Compute LLC, 6.125%, Due 2/15/2031<sup>A</sup>  | 2000 | 2029 |
|  Cipher Compute LLC, 7.125%, Due 11/15/2030<sup>A</sup>  | 2000 | 2073 |
|  Meridian Arc Holdco LLC, 6.250%, Due 4/30/2031<sup>A</sup>  | 2000 | 2000 |
|  PR RNO Property Owner 1 LLC, 6.500%, Due 5/1/2031<sup>A</sup>  | 3000 | 2974 |
|  SV RNO Property Owner 1 LLC, 5.875%, Due 3/1/2031<sup>A</sup>  | 2000 | 1962 |
|  T-Mobile USA, Inc., 5.200%, Due 1/15/2033 | 10000 | 10168 |
|  Verizon Communications, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.355%, Due 3/15/2032 | 15000 | 13115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, Due 11/30/2055 | 10000 | 9664 |
|  WULF Compute LLC, 7.750%, Due 10/15/2030<sup>A</sup>  | 2000 | 2102 |
|  |  | **70877** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communications** |  | **176275** |

---

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  CORPORATE OBLIGATIONS - 30.9% (continued) |  |  |
|  **Consumer, Cyclical - 1.6%** |  |  |
|  **Airlines - 0.5%** |  |  |
|  American Airlines Pass-Through Trust, 3.350%, Due 4/15/2031, AA, AA | $8505 | $8187 |
|  AS Mileage Plan IP Ltd., 5.021%, Due 10/20/2029<sup>A</sup>  | 10000 | 9896 |
|  JetBlue Pass-Through Trust, 4.000%, Due 5/15/2034, 1A, A | 20184 | 19038 |
|  |  | **37121** |
|  **Auto Manufacturers - 0.1%** |  |  |
|  Toyota Motor Credit Corp., 4.650%, Due 9/3/2032 | 5000 | **4974** |
|  **Auto Parts & Equipment - 0.0%** |  |  |
|  Clarios Global LP/Clarios U.S. Finance Co., 6.750%, Due 9/15/2032<sup>A</sup>  | 4000 | **4092** |
|  **Entertainment - 0.2%** |  |  |
|  Discovery Global Holdings, Inc., 4.279%, Due 3/15/2032 | 8000 | 7246 |
|  Light & Wonder International, Inc., 6.250%, Due 10/1/2033<sup>A</sup>  | 8000 | 7934 |
|  |  | **15180** |
|  **Home Furnishings - 0.1%** |  |  |
|  Somnigroup International, Inc., 3.875%, Due 10/15/2031<sup>A</sup>  | 6000 | **5549** |
|  **Housewares - 0.0%** |  |  |
|  CD&R Smokey Buyer, Inc./Radio Systems Corp., 9.500%, Due 10/15/2029<sup>A</sup>  | 5000 | **4148** |
|  **Leisure Time - 0.2%** |  |  |
|  Viking Cruises Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, Due 2/15/2029<sup>A</sup>  | 14000 | 14038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, Due 10/15/2033<sup>A</sup>  | 4000 | 4010 |
|  |  | **18048** |
|  **Lodging - 0.1%** |  |  |
|  Station Casinos LLC, 6.625%, Due 3/15/2032<sup>A</sup>  | 8000 | **8100** |
|  **Retail - 0.4%** |  |  |
|  Asbury Automotive Group, Inc., 5.000%, Due 2/15/2032<sup>A</sup>  | 4000 | 3836 |
|  FirstCash, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, Due 1/1/2030<sup>A</sup>  | 4000 | 3981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, Due 5/1/2034<sup>A</sup>  | 1000 | 997 |
|  Lithia Motors, Inc., 5.500%, Due 10/1/2030<sup>A</sup>  | 22000 | 21883 |
|  |  | **30697** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer, Cyclical** |  | **127909** |
|  **Consumer, Non-Cyclical - 3.8%** |  |  |
|  **Beverages - 0.6%** |  |  |
|  Coca-Cola Co., 5.300%, Due 5/13/2054 | 10000 | 9551 |
|  PepsiCo, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.625%, Due 5/1/2030 | 30000 | 27071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200%, Due 7/18/2052 | 5000 | 4018 |
|  Primo Water Holdings, Inc./Triton Water Holdings, Inc., 6.250%, Due 4/1/2029<sup>A</sup>  | 8000 | 8010 |
|  |  | **48650** |
|  **Biotechnology - 0.1%** |  |  |
|  Amgen, Inc., 2.300%, Due 2/25/2031 | 10000 | **9048** |
|  **Commercial Services - 1.2%** |  |  |
|  AMN Healthcare, Inc., 6.500%, Due 1/15/2031<sup>A</sup>  | 5000 | 4983 |

---

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  CORPORATE OBLIGATIONS - 30.9% (continued) |  |  |
|  **Consumer, Non-Cyclical - 3.8% (continued)** |  |  |
|  **Commercial Services - 1.2% (continued)** |  |  |
|  Block, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, Due 5/15/2032 | $6000 | $6114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 8/15/2033<sup>A</sup>  | 6000 | 5989 |
|  Cornell University, 4.733%, Due 6/15/2035, 2025 | 5000 | 4958 |
|  Global Payments, Inc., 3.200%, Due 8/15/2029 | 15000 | 14165 |
|  Herc Holdings, Inc., 6.000%, Due 3/15/2034<sup>A</sup>  | 4000 | 3966 |
|  Northwestern University, 4.643%, Due 12/1/2044 | 5000 | 4600 |
|  Rollins, Inc., 5.250%, Due 2/24/2035 | 15000 | 14981 |
|  United Rentals North America, Inc., 5.375%, Due 11/15/2033<sup>A</sup>  | 3000 | 2966 |
|  University of Notre Dame du Lac, 3.394%, Due 2/15/2048, 2017 | 5000 | 3630 |
|  Valvoline, Inc., 3.625%, Due 6/15/2031<sup>A</sup>  | 30000 | 27328 |
|  |  | **93680** |
|  **Cosmetics/Personal Care - 0.1%** |  |  |
|  Prestige Brands, Inc., 3.750%, Due 4/1/2031<sup>A</sup>  | 9000 | **8313** |
|  **Food - 0.6%** |  |  |
|  JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings, 5.625%, Due 3/10/2037<sup>A</sup> | 10000 | 9982 |
|  KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, Due 2/15/2029<sup>A</sup>  | 9000 | 9408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, Due 4/30/2033<sup>A</sup>  | 4000 | 4049 |
|  Mars, Inc., 5.200%, Due 3/1/2035<sup>A</sup>  | 10000 | 10089 |
|  Performance Food Group, Inc., 5.625%, Due 3/1/2034<sup>A</sup>  | 4000 | 3917 |
|  Post Holdings, Inc., 6.250%, Due 2/15/2032<sup>A</sup>  | 7000 | 7134 |
|  |  | **44579** |
|  **Health Care - Products - 0.1%** |  |  |
|  Abbott Laboratories, 5.500%, Due 3/15/2056 | 10000 | **9668** |
|  **Health Care - Services - 0.4%** |  |  |
|  Charles River Laboratories International, Inc., 3.750%, Due 3/15/2029<sup>A</sup>  | 6000 | 5738 |
|  Cigna Group, 4.875%, Due 9/15/2032 | 15000 | 15024 |
|  Radiology Partners, Inc., 8.500%, Due 7/15/2032<sup>A</sup>  | 6000 | 5966 |
|  Tenet Healthcare Corp., 5.500%, Due 11/15/2032<sup>A</sup>  | 5000 | 4987 |
|  |  | **31715** |
|  **Pharmaceuticals - 0.7%** |  |  |
|  BellRing Brands, Inc., 7.000%, Due 3/15/2030<sup>A</sup>  | 7000 | 7108 |
|  Cardinal Health, Inc., 5.350%, Due 11/15/2034 | 10000 | 10126 |
|  Cencora, Inc., 4.900%, Due 2/13/2036 | 15000 | 14635 |
|  Eli Lilly & Co., 4.550%, Due 10/15/2032 | 15000 | 15000 |
|  Novartis Capital Corp., 4.600%, Due 3/18/2033 | 10000 | 9930 |
|  |  | **56799** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer, Non-Cyclical** |  | **302452** |
|  **Energy - 3.0%** |  |  |
|  **Oil & Gas - 1.1%** |  |  |
|  Aethon United BR LP/Aethon United Finance Corp., 7.500%, Due 10/1/2029<sup>A</sup>  | 8000 | 8357 |
|  Archrock Services LP/Archrock Partners Finance Corp., 6.000%, Due 2/1/2034<sup>A</sup>  | 5000 | 5033 |
|  BP Capital Markets America, Inc., 4.812%, Due 2/13/2033 | 15000 | 15043 |
|  Caturus Energy LLC, 7.125%, Due 5/15/2031<sup>A</sup>  | 11000 | 11030 |
|  Permian Resources Operating LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, Due 7/1/2029<sup>A</sup>  | 11000 | 11009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.875%, Due 7/15/2031<sup>A</sup>  | 9000 | 9523 |
|  Sunoco LP, 6.625%, Due 8/15/2032<sup>A</sup>  | 24000 | 24538 |
|  Transocean International Ltd., 8.750%, Due 2/15/2030<sup>A</sup>  | 1400 | 1466 |
|  |  | **85999** |
|  **Pipelines - 1.9%** |  |  |
|  Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.750%, Due 1/15/2028<sup>A</sup>  | 15000 | 14998 |

---

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  CORPORATE OBLIGATIONS - 30.9% (continued) |  |  |
|  **Energy - 3.0% (continued)** |  |  |
|  **Pipelines - 1.9% (continued)** |  |  |
|  CQP Holdco LP/BIP-V Chinook Holdco LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 6/15/2031<sup>A</sup>  | $8000 | $7903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, Due 12/15/2033<sup>A</sup>  | 4000 | 4253 |
|  Energy Transfer LP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, Due 2/1/2031<sup>A</sup>  | 26000 | 26927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700%, Due 4/1/2035 | 15000 | 15368 |
|  Enterprise Products Operating LLC, 4.600%, Due 1/15/2031 | 10000 | 10017 |
|  Genesis Energy LP/Genesis Energy Finance Corp., 8.875%, Due 4/15/2030 | 5000 | 5238 |
|  Harvest Midstream I LP, 7.500%, Due 9/1/2028<sup>A</sup>  | 11000 | 11072 |
|  Howard Midstream Energy Partners LLC, 7.375%, Due 7/15/2032<sup>A</sup>  | 8000 | 8342 |
|  MPLX LP, 5.400%, Due 4/1/2035 | 10000 | 9995 |
|  Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.875%, Due 2/1/2031 | 20000 | 19992 |
|  Western Midstream Operating LP, 7.250%, Due 4/1/2030<sup>A</sup>  | 6000 | 6325 |
|  Williams Cos., Inc., 5.650%, Due 3/15/2033 | 10000 | 10356 |
|  |  | **150786** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | **236785** |
|  **Financial - 11.9%** |  |  |
|  **Banks - 3.7%** |  |  |
|  Associated Banc-Corp., 6.455%, Due 8/29/2030, (1 day USD SOFR + 3.030%)<sup>B</sup>  | 15000 | 15357 |
|  Bank of America Corp., 5.518%, Due 10/25/2035, (1 day USD SOFR + 1.738%)<sup>B</sup>  | 10000 | 10074 |
|  Bank of New York Mellon Corp., 5.085%, Due 4/23/2037, (1 day USD SOFR + 1.177%)<sup>B</sup>  | 10000 | 9923 |
|  Citigroup, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, Due 2/15/2031, HH, (5 yr. CMT + 3.001%)<sup>B C</sup> | 10000 | 10123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.057%, Due 1/25/2033, (1 day USD SOFR + 1.351%)<sup>B</sup>  | 10000 | 9063 |
|  First Horizon Bank, 5.750%, Due 5/1/2030 | 15000 | 15306 |
|  Goldman Sachs Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.992%, Due 1/27/2032, (1 day USD SOFR + 1.090%)<sup>B</sup>  | 10000 | 8799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.851%, Due 4/25/2035, (1 day USD SOFR + 1.552%)<sup>B</sup>  | 15000 | 15581 |
|  Huntington National Bank, 5.650%, Due 1/10/2030 | 10000 | 10340 |
|  JPMorgan Chase & Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.140%, Due 1/24/2031, (1 day USD SOFR + 1.010%)<sup>B</sup>  | 15000 | 15267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.766%, Due 4/22/2035, (1 day USD SOFR + 1.490%)<sup>B</sup>  | 10000 | 10424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.810%, Due 10/22/2036, (1 day USD SOFR + 1.190%)<sup>B</sup>  | 15000 | 14571 |
|  Morgan Stanley, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.708%, Due 3/12/2032, (1 day USD SOFR + 1.195%)<sup>B</sup>  | 15000 | 14884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.484%, Due 9/16/2036, (1 day USD SOFR + 1.360%)<sup>B</sup>  | 5000 | 4328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.073%, Due 1/30/2037, (1 day USD SOFR + 1.184%)<sup>B</sup>  | 15000 | 14676 |
|  Morgan Stanley Private Bank NA, 4.465%, Due 11/19/2031, (1 day USD SOFR + 1.020%)<sup>B</sup>  | 10000 | 9867 |
|  PNC Financial Services Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.812%, Due 10/21/2032, (1 day USD SOFR + 1.259%)<sup>B</sup>  | 5000 | 4993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.939%, Due 8/18/2034, (1 day USD SOFR + 1.946%)<sup>B</sup>  | 10000 | 10513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.373%, Due 7/21/2036, (1 day USD SOFR + 1.417%)<sup>B</sup>  | 5000 | 5024 |
|  Regions Financial Corp., 5.722%, Due 6/6/2030, (1 day USD SOFR + 1.490%)<sup>B</sup>  | 10000 | 10275 |
|  State Street Corp., 4.675%, Due 10/22/2032, (1 day USD SOFR + 1.050%)<sup>B</sup>  | 10000 | 9998 |
|  Truist Bank, 4.632%, Due 9/17/2029, (5 yr. CMT + 1.150%)<sup>B</sup>  | 20000 | 19864 |
|  Truist Financial Corp., 4.597%, Due 1/27/2032, (1 day USD SOFR + 0.965%)<sup>B</sup>  | 15000 | 14851 |
|  Wells Fargo & Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.389%, Due 4/24/2034, (1 day USD SOFR + 2.020%)<sup>B</sup>  | 5000 | 5090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.605%, Due 4/23/2036, (1 day USD SOFR + 1.740%)<sup>B</sup>  | 10000 | 10256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.960%, Due 1/23/2037, (1 day USD SOFR + 1.100%)<sup>B</sup>  | 10000 | 9743 |
|  |  | **289190** |
|  **Diversified Financial Services - 2.7%** |  |  |
|  Ally Financial, Inc., 4.700%, Due 5/15/2026, B, (5 yr. CMT + 3.868%)<sup>B C</sup> | 20000 | 19948 |
|  Blackstone Holdings Finance Co. LLC, 2.550%, Due 3/30/2032<sup>A</sup>  | 15000 | 13164 |
|  Capital One Financial Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.377%, Due 6/8/2034, (1 day USD SOFR + 2.860%)<sup>B</sup>  | 5000 | 5286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.051%, Due 2/1/2035, (1 day USD SOFR + 2.260%)<sup>B</sup>  | 10000 | 10369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.183%, Due 1/30/2036, (1 day USD SOFR + 2.036%)<sup>B</sup>  | 10000 | 10184 |

---

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  CORPORATE OBLIGATIONS - 30.9% (continued) |  |  |
|  **Financial - 11.9% (continued)** |  |  |
|  **Diversified Financial Services - 2.7% (continued)** |  |  |
|  Charles Schwab Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 6/1/2026, I, (5 yr. CMT + 3.168%)<sup>B C</sup> | $25000 | $24959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.853%, Due 5/19/2034, (1 day USD SOFR + 2.500%)<sup>B</sup>  | 10000 | 10496 |
|  CME Group, Inc., 4.400%, Due 3/15/2030 | 10000 | 10030 |
|  Freedom Mortgage Holdings LLC, 6.875%, Due 5/1/2031<sup>A</sup>  | 5000 | 4823 |
|  Jefferson Capital Holdings LLC, 8.250%, Due 5/15/2030<sup>A</sup> | 6000 | 6279 |
|  LPL Holdings, Inc., 5.200%, Due 3/15/2030 | 5000 | 5046 |
|  OneMain Finance Corp., 6.125%, Due 5/15/2030 | 5000 | 4998 |
|  Osaic Holdings, Inc., 8.000%, Due 8/1/2033<sup>A</sup>  | 7000 | 7138 |
|  PennyMac Financial Services, Inc., 6.750%, Due 2/15/2034<sup>A</sup>  | 12000 | 11614 |
|  Raymond James Financial, Inc., 3.750%, Due 4/1/2051 | 20000 | 14408 |
|  Rocket Cos., Inc., 6.125%, Due 8/1/2030<sup>A</sup>  | 5000 | 5074 |
|  Rocket Mortgage LLC, 5.250%, Due 1/15/2028<sup>A</sup>  | 15000 | 14700 |
|  Stonex Escrow Issuer LLC, 6.875%, Due 7/15/2032<sup>A</sup>  | 25000 | 25849 |
|  StoneX Group, Inc., 7.875%, Due 3/1/2031<sup>A</sup>  | 2000 | 2106 |
|  Velocity Commercial Capital LLC, 9.375%, Due 2/15/2031<sup>A</sup>  | 8000 | 8272 |
|  |  | **214743** |
|  **Insurance - 2.5%** |  |  |
|  ACE Capital Trust II, 9.700%, Due 4/1/2030 | 20000 | 23403 |
|  Acrisure LLC/Acrisure Finance, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, Due 2/1/2029<sup>A</sup>  | 3000 | 3011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 8/1/2029<sup>A</sup>  | 8000 | 7548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, Due 11/6/2030<sup>A</sup>  | 12000 | 12186 |
|  Aon North America, Inc., 5.450%, Due 3/1/2034 | 10000 | 10219 |
|  HUB International Ltd., 5.625%, Due 12/1/2029<sup>A</sup>  | 35000 | 34560 |
|  Marsh & McLennan Cos., Inc., 2.375%, Due 12/15/2031 | 10000 | 8905 |
|  NMI Holdings, Inc., 6.000%, Due 8/15/2029 | 15000 | 15317 |
|  Old Republic International Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, Due 3/28/2034 | 10000 | 10254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850%, Due 6/11/2051 | 15000 | 10614 |
|  Panther Escrow Issuer LLC, 7.125%, Due 6/1/2031<sup>A</sup>  | 15000 | 15070 |
|  Prudential Financial, Inc., 6.000%, Due 9/1/2052, (5 yr. CMT + 3.234%)<sup>B</sup>  | 29000 | 29386 |
|  Ryan Specialty LLC, 5.875%, Due 8/1/2032<sup>A</sup>  | 6000 | 5999 |
|  Teachers Insurance & Annuity Association of America, 3.300%, Due 5/15/2050<sup>A</sup>  | 20000 | 13317 |
|  |  | **199789** |
|  **Investment Companies - 0.1%** |  |  |
|  HA Sustainable Infrastructure Capital, Inc., 6.150%, Due 1/15/2031 | 10000 | **10295** |
|  **Private Equity - 0.2%** |  |  |
|  KKR & Co., Inc., 5.100%, Due 8/7/2035 | 15000 | **14623** |
|  **Real Estate - 0.4%** |  |  |
|  CBRE Services, Inc., 5.250%, Due 6/1/2036 | 5000 | 4905 |
|  Cushman & Wakefield U.S. Borrower LLC, 6.750%, Due 5/15/2028<sup>A</sup> | 5000 | 5000 |
|  Greystar Real Estate Partners LLC, 7.750%, Due 9/1/2030<sup>A</sup>  | 16000 | 16669 |
|  Howard Hughes Corp., 5.875%, Due 3/1/2032<sup>A</sup>  | 2000 | 1957 |
|  |  | **28531** |
|  **REITS - 2.3%** |  |  |
|  Agree LP, 2.600%, Due 6/15/2033 | 10000 | 8510 |
|  American Homes 4 Rent LP, 2.375%, Due 7/15/2031 | 10000 | 8826 |
|  American Tower Corp., 4.700%, Due 12/15/2032 | 10000 | 9877 |
|  Camden Property Trust, 4.900%, Due 2/28/2036 | 5000 | 4860 |
|  Essex Portfolio LP, 2.550%, Due 6/15/2031 | 15000 | 13462 |
|  Extra Space Storage LP, 2.200%, Due 10/15/2030 | 10000 | 8960 |
|  GLP Capital LP/GLP Financing II, Inc., 3.250%, Due 1/15/2032 | 15000 | 13443 |

---

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  CORPORATE OBLIGATIONS - 30.9% (continued) |  |  |
|  **Financial - 11.9% (continued)** |  |  |
|  **REITS - 2.3% (continued)** |  |  |
|  Healthcare Realty Holdings LP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625%, Due 1/15/2028 | $10000 | $9831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 3/15/2031 | 10000 | 8738 |
|  Invitation Homes Operating Partnership LP, 4.150%, Due 4/15/2032 | 10000 | 9507 |
|  Iron Mountain, Inc., 5.250%, Due 7/15/2030<sup>A</sup>  | 17000 | 16824 |
|  Kimco Realty OP LLC, 3.200%, Due 4/1/2032 | 5000 | 4623 |
|  Regency Centers LP, 3.700%, Due 6/15/2030 | 20000 | 19396 |
|  Rexford Industrial Realty LP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.125%, Due 12/1/2030 | 15000 | 13261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.150%, Due 9/1/2031 | 10000 | 8667 |
|  RHP Hotel Properties LP/RHP Finance Corp., 5.750%, Due 3/15/2034<sup>A</sup>  | 6000 | 5964 |
|  UDR, Inc., 1.900%, Due 3/15/2033 | 15000 | 12320 |
|  |  | **177069** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financial** |  | **934240** |
|  **Industrial - 1.5%** |  |  |
|  **Aerospace/Defense - 0.5%** |  |  |
|  Honeywell Aerospace, Inc., 5.732%, Due 3/16/2056<sup>A</sup>  | 5000 | 4918 |
|  L3Harris Technologies, Inc., 5.250%, Due 6/1/2031 | 15000 | 15367 |
|  TransDigm, Inc., 7.125%, Due 12/1/2031<sup>A</sup>  | 16000 | 16580 |
|  |  | **36865** |
|  **Building Materials - 0.3%** |  |  |
|  Eagle Materials, Inc., 5.000%, Due 3/15/2036 | 15000 | 14427 |
|  Knife River Corp., 7.750%, Due 5/1/2031<sup>A</sup>  | 3000 | 3115 |
|  New Enterprise Stone & Lime Co., Inc., 5.250%, Due 7/15/2028<sup>A</sup>  | 3000 | 2974 |
|  |  | **20516** |
|  **Engineering & Construction - 0.1%** |  |  |
|  Tutor Perini Corp., 11.875%, Due 4/30/2029<sup>A</sup>  | 8000 | **8722** |
|  **Environmental Control - 0.3%** |  |  |
|  Clean Harbors, Inc., 6.375%, Due 2/1/2031<sup>A</sup>  | 7000 | 7124 |
|  GFL Environmental, Inc., 6.750%, Due 1/15/2031<sup>A</sup>  | 20000 | 20736 |
|  |  | **27860** |
|  **Packaging & Containers - 0.1%** |  |  |
|  Ball Corp., 5.500%, Due 9/15/2033 | 4000 | 4011 |
|  Crown Americas LLC, 5.875%, Due 6/1/2033 | 6000 | 6043 |
|  |  | **10054** |
|  **Transportation - 0.1%** |  |  |
|  Burlington Northern Santa Fe LLC, 4.900%, Due 4/1/2044 | 10000 | **9203** |
|  **Trucking & Leasing - 0.1%** |  |  |
|  FTAI Aviation Investors LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 5/1/2028<sup>A</sup>  | 6000 | 5997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, Due 12/1/2030<sup>A</sup>  | 2000 | 2100 |
|  |  | **8097** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrial** |  | **121317** |
|  **Technology - 2.2%** |  |  |
|  **Computers - 0.6%** |  |  |
|  CACI International, Inc., 6.375%, Due 6/15/2033<sup>A</sup>  | 5000 | 5115 |
|  Gartner, Inc., 3.750%, Due 10/1/2030<sup>A</sup>  | 25000 | 22918 |
|  Genpact Luxembourg SARL/Genpact USA, Inc., 6.000%, Due 6/4/2029 | 15000 | 15415 |
|  |  | **43448** |

---

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  CORPORATE OBLIGATIONS - 30.9% (continued) |  |  |
|  **Technology - 2.2% (continued)** |  |  |
|  **Semiconductors - 0.2%** |  |  |
|  Amkor Technology, Inc., 5.875%, Due 10/1/2033<sup>A</sup>  | $6000 | $6033 |
|  Broadcom, Inc., 3.469%, Due 4/15/2034 | 15000 | 13537 |
|  |  | **19570** |
|  **Software - 1.4%** |  |  |
|  Cloud Software Group, Inc., 8.250%, Due 6/30/2032<sup>A</sup>  | 4000 | 3800 |
|  CoreWeave, Inc., 9.750%, Due 10/1/2031<sup>A</sup>  | 4000 | 4023 |
|  Ellucian Holdings, Inc., 6.500%, Due 12/1/2029<sup>A</sup>  | 4000 | 3934 |
|  Fair Isaac Corp., 6.000%, Due 5/15/2033<sup>A</sup>  | 8000 | 7890 |
|  Fidelity National Information Services, Inc., 4.800%, Due 3/10/2031 | 15000 | 14920 |
|  Fiserv, Inc., 5.625%, Due 8/21/2033 | 5000 | 5064 |
|  OAK-Eagle Acquireco, Inc., 8.750%, Due 7/1/2034<sup>A</sup>  | 7000 | 7284 |
|  Oracle Corp., 3.950%, Due 3/25/2051 | 15000 | 9429 |
|  Paychex, Inc., 5.100%, Due 4/15/2030 | 10000 | 10107 |
|  Salesforce, Inc., 5.550%, Due 3/15/2036 | 15000 | 14959 |
|  SS&C Technologies, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 9/30/2027<sup>A</sup>  | 6000 | 5995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, Due 6/1/2032<sup>A</sup>  | 3000 | 3035 |
|  Take-Two Interactive Software, Inc., 4.000%, Due 4/14/2032 | 10000 | 9537 |
|  UKG, Inc., 6.875%, Due 2/1/2031<sup>A</sup>  | 7000 | 6813 |
|  |  | **106790** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Technology** |  | **169808** |
|  **Utilities - 4.3%** |  |  |
|  **Electric - 4.2%** |  |  |
|  CenterPoint Energy Houston Electric LLC, 4.950%, Due 4/1/2033 | 10000 | 10043 |
|  Centerpoint Energy Restoration Bond Co. III LLC, 4.864%, Due 12/15/2040, A-3 | 10000 | 9713 |
|  Cleco Securitization I LLC, 4.646%, Due 9/1/2044, A-2 | 10000 | 9666 |
|  Dominion Energy, Inc., 5.375%, Due 11/15/2032 | 10000 | 10230 |
|  DTE Electric Co., 5.200%, Due 4/1/2033 | 5000 | 5130 |
|  Duke Energy Carolinas NC Storm Funding II LLC, 5.070%, Due 1/1/2048, A-2 | 30000 | 29051 |
|  Duke Energy Progress NC Storm Funding II LLC, 4.890%, Due 1/1/2048, A-1 | 10000 | 9804 |
|  Duke Energy Progress SC Storm Funding LLC, 5.404%, Due 3/1/2046, A | 4675 | 4790 |
|  Entergy Louisiana LLC, 4.900%, Due 4/15/2036 | 15000 | 14627 |
|  Eversource Energy, 5.850%, Due 4/15/2031 | 20000 | 20859 |
|  NRG Energy, Inc., 6.125%, Due 5/15/2036<sup>A</sup>  | 4000 | 3985 |
|  OGE Energy Corp., 5.450%, Due 5/15/2029 | 10000 | 10233 |
|  Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.500%, Due 8/15/2028<sup>A</sup>  | 25000 | 24563 |
|  PECO Energy Co., 4.375%, Due 8/15/2052 | 15000 | 12097 |
|  PG&E Recovery Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.231%, Due 6/1/2042, A-2 | 10000 | 9987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.536%, Due 7/15/2049, A-3 | 10000 | 10009 |
|  PG&E Wildfire Recovery Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.377%, Due 6/3/2041, A-3 | 5000 | 4669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.081%, Due 6/1/2043, A-3 | 5000 | 4897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.451%, Due 12/1/2049, A-4 | 30000 | 26217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.212%, Due 12/1/2049, A-4 | 5000 | 4754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.674%, Due 12/1/2053, A-5 | 25000 | 21748 |
|  PPL Capital Funding, Inc., 5.250%, Due 9/1/2034 | 15000 | 15145 |
|  Public Service Co. of Oklahoma, 5.250%, Due 1/15/2033 | 5000 | 5076 |
|  Public Service Enterprise Group, Inc., 5.450%, Due 4/1/2034 | 10000 | 10219 |
|  SCE Recovery Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.943%, Due 11/15/2044, A-2 | 5000 | 4192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.341%, Due 3/15/2047 | 5000 | 4973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.112%, Due 12/14/2049, A-2 | 5000 | 4604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.541%, Due 9/15/2052 | 10000 | 9820 |
|  Vistra Operations Co. LLC, 7.750%, Due 10/15/2031<sup>A</sup>  | 6000 | 6292 |
|  XPLR Infrastructure Operating Partners LP, 8.625%, Due 3/15/2033<sup>A</sup>  | 11000 | 11788 |
|  |  | **329181** |

---

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  CORPORATE OBLIGATIONS - 30.9% (continued) |  |  |
|  **Utilities - 4.3% (continued)** |  |  |
|  **Gas - 0.1%** |  |  |
|  Southern Co. Gas Capital Corp., 3.950%, Due 10/1/2046 | $10000 | $**7614** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  | **336795** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Obligations (Cost $2,451,867)** |  | **2438737** |
|  FOREIGN CORPORATE OBLIGATIONS - 2.5% |  |  |
|  **Basic Materials - 0.1%** |  |  |
|  **Mining - 0.1%** |  |  |
|  Taseko Mines Ltd., 8.250%, Due 5/1/2030<sup>A</sup>  | 11000 | **11515** |
|  **Consumer, Cyclical - 0.1%** |  |  |
|  **Distribution/Wholesale - 0.1%** |  |  |
|  RB Global Holdings, Inc., 7.750%, Due 3/15/2031<sup>A</sup>  | 6000 | **6230** |
|  **Consumer, Non-Cyclical - 0.1%** |  |  |
|  **Commercial Services - 0.1%** |  |  |
|  Belron U.K. Finance PLC, 5.750%, Due 10/15/2029<sup>A</sup>  | 7000 | **7070** |
|  **Energy - 0.4%** |  |  |
|  **Oil & Gas - 0.2%** |  |  |
|  Breakwater Energy Holdings SARL, 9.250%, Due 11/15/2030<sup>A</sup>  | 5000 | 5325 |
|  Teine Energy Ltd., 6.875%, Due 4/15/2029<sup>A</sup>  | 4000 | 4001 |
|  TotalEnergies Capital USA LLC, 4.569%, Due 1/13/2033 | 5000 | 4945 |
|  |  | **14271** |
|  **Pipelines - 0.2%** |  |  |
|  Golar LNG Ltd., 7.500%, Due 10/2/2030<sup>A</sup>  | 5000 | 5123 |
|  South Bow USA Infrastructure Holdings LLC, 5.026%, Due 10/1/2029 | 15000 | 15096 |
|  |  | **20219** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | **34490** |
|  **Financial - 1.6%** |  |  |
|  **Banks - 0.7%** |  |  |
|  Bank of Montreal, 3.803%, Due 12/15/2032, (5 yr. USD Swap + 1.432%)<sup>B</sup>  | 10000 | 9834 |
|  Barclays PLC, 8.000%, Due 3/15/2029, (5 yr. CMT + 5.431%)<sup>B C</sup> | 15000 | 15743 |
|  Royal Bank of Canada, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.650%, Due 10/18/2030, (1 day USD SOFR Index + 1.080%)<sup>B</sup>  | 10000 | 10028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.612%, Due 5/3/2032, (1 day USD SOFR + 1.010%)<sup>B</sup>  | 20000 | 19882 |
|  |  | **55487** |
|  **Diversified Financial Services - 0.6%** |  |  |
|  GGAM Finance Ltd., 8.000%, Due 6/15/2028<sup>A</sup>  | 41000 | 42705 |
|  Phoenix Aviation Capital Ltd., 9.250%, Due 7/15/2030<sup>A</sup>  | 7000 | 7144 |
|  |  | **49849** |
|  **Insurance - 0.1%** |  |  |
|  Jones Deslauriers Insurance Management, Inc., 6.875%, Due 10/1/2033<sup>A</sup>  | 11000 | **10278** |
|  **Private Equity - 0.2%** |  |  |
|  Brookfield Finance, Inc., 6.350%, Due 1/5/2034 | 10000 | **10640** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financial** |  | **126254** |
|  **Industrial - 0.2%** |  |  |
|  **Transportation - 0.2%** |  |  |
|  Seaspan Corp., 5.500%, Due 8/1/2029<sup>A</sup>  | 13000 | **12425** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Corporate Obligations (Cost $194,323)** |  | **197984** |
|  **FOREIGN SOVEREIGN OBLIGATIONS - 0.2% (Cost $14,909)** |  |  |
|  Mexico Government International Bonds, 5.375%, Due 3/22/2033 | 15000 | **14708** |

---

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  ASSET-BACKED OBLIGATIONS - 10.7% |  |  |
|  Aqua Finance Trust, 3.140%, Due 7/16/2040, 2019-A A<sup>A</sup>  | $30106 | $29283 |
|  CAL Funding IV Ltd., 2.220%, Due 9/25/2045, 2020-1A A<sup>A</sup>  | 7822 | 7486 |
|  CarMax Auto Owner Trust, 4.080%, Due 6/16/2031, 2025-4 A4 | 35000 | 34604 |
|  Carvana Auto Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.580%, Due 6/12/2028, 2021-N3 D | 1459 | 1427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.140%, Due 12/10/2030, 2025-P4 A3 | 15000 | 14969 |
|  CIT Home Equity Loan Trust, 5.560%, Due 9/20/2032, 2003-1 M2 | 44222 | 44119 |
|  CLI Funding VI LLC, 2.070%, Due 10/18/2045, 2020-3A A<sup>A</sup>  | 8007 | 7519 |
|  CLI Funding VIII LLC, 2.720%, Due 1/18/2047, 2022-1A A<sup>A</sup>  | 13029 | 12021 |
|  Conseco Finance Corp., 7.220%, Due 3/15/2028, 1997-1 M1<sup>D</sup>  | 1860 | 1862 |
|  DB Master Finance LLC, 2.493%, Due 11/20/2051, 2021-1A A2II<sup>A</sup>  | 4788 | 4515 |
|  Dell Equipment Finance Trust, 4.990%, Due 8/22/2030, 2024-2 C<sup>A</sup>  | 20000 | 20095 |
|  Exeter Automobile Receivables Trust, 1.960%, Due 1/17/2028, 2021-4A D | 1399 | 1398 |
|  FHF Issuer Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.940%, Due 11/15/2030, 2024-3A A2<sup>A</sup>  | 10247 | 10229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.920%, Due 2/15/2031, 2025-1A A2<sup>A</sup>  | 6229 | 6228 |
|  Finance of America Structured Securities Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, Due 4/25/2073, 2023-S2 A3<sup>A</sup>  | 60423 | 61275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 7/25/2075, 2025-S2 A3<sup>A</sup>  | 49726 | 48563 |
|  GSAMP Trust, 5.421%, Due 7/25/2033, 2003-SEA2 A1 | 38093 | 37286 |
|  Hyundai Auto Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.360%, Due 3/15/2032, 2025-D B | 20000 | 19914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.920%, Due 7/15/2032, 2025-B C | 25000 | 25130 |
|  JP Morgan Mortgage Trust, 5.666%, Due 5/25/2055, 2025-CES1 A1<sup>A D</sup> | 22424 | 22504 |
|  LAD Auto Receivables Trust, 4.030%, Due 1/15/2031, 2025-3A A3<sup>A</sup>  | 15000 | 14912 |
|  LMRE SFR1 Trust, 4.500%, Due 12/17/2042, 2025-SFR1 A<sup>A</sup>  | 10000 | 9690 |
|  Mercedes-Benz Auto Lease Trust, 4.610%, Due 4/16/2029, 2025-A A3 | 10000 | 10063 |
|  Mid-State Capital Corp. Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.758%, Due 1/15/2040, 2005-1 B | 3940 | 3940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.787%, Due 10/15/2040, 2006-1 A<sup>A</sup>  | 20522 | 20610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.311%, Due 10/15/2040, 2006-1 B<sup>A</sup>  | 9545 | 9779 |
|  Mid-State Trust XI, 4.864%, Due 7/15/2038, 11 A1 | 5804 | 5804 |
|  MMAF Equipment Finance LLC, 4.950%, Due 7/14/2031, 2024-A A3<sup>A</sup>  | 10000 | 10109 |
|  Navient Private Education Refi Loan Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 12/15/2059, 2018-DA A2A<sup>A</sup>  | 3778 | 3764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.819%, Due 12/15/2059, 2019-D A2B, (1 mo. USD Term SOFR + 1.164%)<sup>A B</sup> | 5417 | 5420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.150%, Due 11/15/2068, 2020-CA A2A<sup>A</sup>  | 5054 | 4880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.940%, Due 7/15/2069, 2021-BA A<sup>A</sup>  | 8508 | 7752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.510%, Due 10/15/2071, 2023-A A<sup>A</sup>  | 5950 | 6064 |
|  Navient Student Loan Trust, 3.390%, Due 12/15/2059, 2019-BA A2A<sup>A</sup>  | 6872 | 6790 |
|  Nissan Auto Lease Trust, 4.750%, Due 3/15/2028, 2025-A A3 | 15000 | 15103 |
|  Point Broadband Funding LLC, 5.336%, Due 7/20/2055, 2025-1A A2<sup>A</sup>  | 20000 | 20084 |
|  RCKT Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.147%, Due 6/25/2044, 2024-CES4 A1A<sup>A</sup>  | 28487 | 28683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.313%, Due 11/25/2055, 2025-CES10 A3<sup>A</sup>  | 45000 | 44676 |
|  Retained Vantage Data Centers Issuer LLC, 4.992%, Due 9/15/2049, 2024-1A A2<sup>A</sup>  | 25000 | 24526 |
|  Santander Drive Auto Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.870%, Due 5/15/2031, 2025-2 B | 25000 | 25151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.680%, Due 9/15/2031, 2025-3 C | 35000 | 35001 |
|  SMB Private Education Loan Trust, 1.290%, Due 7/15/2053, 2020-B A1A<sup>A</sup>  | 4474 | 4281 |
|  SoFi Professional Loan Program LLC, 1.030%, Due 8/17/2043, 2021-A AFX<sup>A</sup>  | 8302 | 7372 |
|  Synchrony Card Issuance Trust, 4.780%, Due 2/15/2031, 2025-A1 A | 30000 | 30263 |
|  Taco Bell Funding LLC, 2.294%, Due 8/25/2051, 2021-1A A2II<sup>A</sup>  | 19650 | 18239 |
|  Triton Container Finance VIII LLC, 1.860%, Due 3/20/2046, 2021-1A A<sup>A</sup>  | 11358 | 10485 |
|  Vantage Data Centers Issuer LLC, 2.165%, Due 10/15/2046, 2021-1A A2<sup>A</sup>  | 20000 | 19719 |
|  Wendy's Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.884%, Due 3/15/2048, 2018-1A A2II<sup>A</sup>  | 4586 | 4488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.080%, Due 6/15/2049, 2019-1A A2II<sup>A</sup>  | 13161 | 12640 |
|  Westlake Automobile Receivables Trust, 4.920%, Due 11/15/2029, 2024-3A C<sup>A</sup>  | 15000 | 15083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Asset-Backed Obligations (Cost $838,136)** |  | **845798** |

---

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  COLLATERALIZED MORTGAGE OBLIGATIONS - 12.6% |  |  |
|  Bear Stearns ARM Trust, 4.655%, Due 2/25/2035, 2004-12 2A1<sup>D</sup>  | $6093 | $6022 |
|  Bear Stearns Asset-Backed Securities Trust, 5.250%, Due 10/25/2033, 2003-AC5 A5 | 17287 | 17277 |
|  Brean Asset-Backed Securities Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.750%, Due 10/25/2061, 2021-RM2 A<sup>A D</sup> | 34910 | 34495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 5/25/2064, 2024-RM8 A1<sup>A</sup>  | 35971 | 35429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 1/25/2065, 2025-RM10 A1<sup>A</sup>  | 41695 | 41399 |
|  Chase Mortgage Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, Due 12/25/2045, 2016-SH2 M2<sup>A D</sup> | 10697 | 9989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, Due 12/25/2045, 2016-SH2 M3<sup>A D</sup> | 21741 | 20144 |
|  CHL Mortgage Pass-Through Trust, 5.250%, Due 5/25/2034, 2004-4 A19 | 13094 | 13124 |
|  Finance of America HECM Buyout, 5.250%, Due 3/25/2029, 2026-HB1 M3<sup>A D</sup> | 20000 | 19810 |
|  Finance of America Structured Securities Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 9/25/2055, 2025-S3 A3<sup>A</sup>  | 48462 | 47165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 11/25/2074, 2024-S4 A3<sup>A</sup>  | 44655 | 43376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 5/25/2075, 2025-PC1 M1<sup>A</sup>  | 75000 | 73408 |
|  Government National Mortgage Association REMICS, 5.182%, Due 6/20/2045, 2023-32 W<sup>D</sup>  | 15179 | 15559 |
|  GreenPoint Mortgage Pass-Through Certificates, 6.745%, Due 10/25/2033, 2003-1 A1D | 13243 | 13072 |
|  JP Morgan Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 12/25/2051, 2021-INV2 A2<sup>A D</sup> | 30313 | 25094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 7/25/2052, 2022-1 A3<sup>A D</sup> | 41209 | 33986 |
|  New Residential Mortgage Loan Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, Due 11/26/2035, 2016-2A A1<sup>A D</sup> | 21615 | 20944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.819%, Due 1/25/2048, 2018-4A B1, (1 mo. USD Term SOFR + 1.164%)<sup>A B</sup> | 50765 | 51015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.325%, Due 11/25/2054, 2014-3A B3<sup>A D</sup> | 14415 | 14324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 3/25/2057, 2017-2A A3<sup>A D</sup> | 27205 | 26355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, Due 9/25/2059, 2019-6A B2<sup>A D</sup> | 63446 | 61851 |
|  NRM FHT1 Excess Owner LLC, 6.545%, Due 3/25/2032, 2025-FHT1 A<sup>A</sup>  | 40736 | 40793 |
|  Prime Mortgage Trust, 6.000%, Due 2/25/2034, 2004-CL1 1A1 | 84899 | 84962 |
|  RCKT Mortgage Trust, 6.902%, Due 6/25/2043, 2023-CES1 M1<sup>A D</sup> | 151000 | 150815 |
|  RFMSI Trust, 5.500%, Due 12/25/2034, 2004-S9 1A23 | 10379 | 10149 |
|  Saluda Grade Alternative Mortgage Trust, 5.749%, Due 3/25/2031, 2026-RTL7 A1<sup>A</sup>  | 10000 | 9899 |
|  Towd Point Mortgage Trust, 4.615%, Due 10/25/2064, 2024-5 A1B<sup>A D</sup> | 38576 | 38336 |
|  WaMu Mortgage Pass-Through Certificates Trust, 5.613%, Due 8/25/2033, 2003-AR7 A7<sup>D</sup> | 38617 | 37907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Collateralized Mortgage Obligations (Cost $1,005,746)** |  | **996699** |
|  COMMERCIAL MORTGAGE-BACKED OBLIGATIONS - 6.4% |  |  |
|  Bank, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.265%, Due 9/15/2060, 2017-BNK7 ASB | 10171 | 10111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.506%, Due 12/15/2064, 2021-BN38 ASB | 15000 | 14115 |
|  BBCMS Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.576%, Due 7/15/2056, 2023-C20 A5 | 20000 | 20745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 9/15/2056, 2023-C21 A5<sup>D</sup>  | 15000 | 15889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.403%, Due 9/15/2057, 2024-C28 A5 | 20000 | 20497 |
|  Benchmark Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.148%, Due 9/15/2053, 2020-B19 AS | 30000 | 25294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.978%, Due 12/17/2053, 2020-B21 A5 | 10000 | 8862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.254%, Due 12/17/2053, 2020-B21 AS | 10000 | 8769 |
|  BX Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.202%, Due 12/9/2041, 2019-OC11 A<sup>A</sup>  | 15000 | 14226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.856%, Due 12/9/2041, 2019-OC11 C<sup>A</sup>  | 10000 | 9522 |
|  DC Office Trust, 3.174%, Due 9/15/2045, 2019-MTC D<sup>A D</sup> | 10000 | 8638 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.481%, Due 7/25/2034, K-1514 A1 | 12743 | 11742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.238%, Due 1/25/2035, K-1516 A1 | 46987 | 40272 |
|  Federal National Mortgage Association-ACES, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.679%, Due 9/25/2028, 2019-M1 A2<sup>D</sup>  | 18994 | 18743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.714%, Due 7/25/2031, 2021-M17 A2<sup>D</sup>  | 10000 | 8848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.399%, Due 11/25/2031, 2022-M2 A2 | 15000 | 13619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400%, Due 7/25/2033, 2023-M5 A2<sup>D</sup>  | 15000 | 14842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.740%, Due 3/25/2035, 2020-M23 A3 | 10000 | 8085 |
|  FREMF Mortgage Trust, 4.121%, Due 12/25/2050, 2018-K72 B<sup>A D</sup> | 20000 | 19764 |

---

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  COMMERCIAL MORTGAGE-BACKED OBLIGATIONS - 6.4% (continued) |  |  |
|  FRESB Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.160%, Due 11/25/2027, 2018-SB45 A10F<sup>D</sup>  | $6929 | $6808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.467%, Due 7/25/2038, 2018-SB55 A5H, (30 day USD SOFR Average + 0.814%)<sup>B</sup>  | 5524 | 5507 |
|  Morgan Stanley Bank of America Merrill Lynch Trust, 2.840%, Due 11/15/2049, 2016-C31 A4 | 8747 | 8722 |
|  NYC Commercial Mortgage Trust, 4.868%, Due 2/15/2042, 2025-3BP A, (1 mo. USD Term SOFR + 1.213%)<sup>A</sup> B | 20000 | 19938 |
|  Velocity Commercial Capital Loan Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.050%, Due 10/26/2048, 2018-2 A<sup>A D</sup> | 7240 | 7094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.120%, Due 3/25/2049, 2019-1 M3<sup>A D</sup> | 14248 | 12990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.650%, Due 6/25/2054, 2024-3 A<sup>A D</sup> | 63043 | 63655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.670%, Due 4/25/2055, 2025-2 A<sup>A D</sup> | 84531 | 84488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Mortgage-Backed Obligations (Cost $509,180)** |  | **501785** |
|  U.S. AGENCY MORTGAGE-BACKED OBLIGATIONS - 8.0% |  |  |
|  Federal Home Loan Mortgage Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 7/1/2042 | 22309 | 20605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 9/1/2046 | 27562 | 25685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 5/1/2047 | 40782 | 36821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 9/1/2048 | 78547 | 73251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 11/1/2049 | 21638 | 19405 |
|  |  | **175767** |
|  Federal National Mortgage Association, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 7/1/2031 | 9637 | 9647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 4/1/2037 | 25752 | 23972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 12/1/2037 | 26934 | 25063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 11/1/2040 | 40704 | 35733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 2/1/2042 | 30332 | 27377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 3/1/2042 | 21283 | 18384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 4/1/2042 | 35422 | 31736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 6/1/2042 | 37118 | 34071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 2/1/2043 | 21148 | 20358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 6/1/2043 | 20428 | 20635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 10/1/2043 | 31051 | 31832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 12/1/2043 | 10240 | 9858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 3/1/2046 | 19761 | 19023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 12/1/2046 | 26333 | 22715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 12/1/2046 | 22792 | 20509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 1/1/2048 | 32105 | 28907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 2/1/2048 | 17424 | 15723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 8/1/2048 | 36918 | 33027 |
|  |  | **428570** |
|  Government National Mortgage Association, 3.500%, Due 4/20/2046 | 26707 | **24793** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Agency Mortgage-Backed Obligations (Cost $646,977)** |  | **629130** |
|  U.S. TREASURY OBLIGATIONS - 23.8% |  |  |
|  U.S. Treasury Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.750%, Due 8/15/2041 | 221000 | 146697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, Due 2/15/2043 | 39000 | 34375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 2/15/2045 | 165000 | 114598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, Due 2/15/2045 | 87000 | 84706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, Due 8/15/2045 | 120000 | 118519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375%, Due 11/15/2048 | 534000 | 413746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, Due 8/15/2055 | 40000 | 38481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, Due 11/15/2055 | 40000 | 37725 |
|  |  | **988847** |
|  U.S. Treasury Inflation-Indexed Notes, 1.625%, Due 4/15/2030<sup>E</sup>  | 34898 | **35443** |
|  U.S. Treasury Notes, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, Due 3/31/2031 | 14000 | 14057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, Due 5/15/2032 | 30000 | 27980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, Due 2/28/2033 | 69000 | 67178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 11/15/2033 | 130000 | 132097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, Due 8/15/2034 | 64000 | 62105 |

---

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  U.S. TREASURY OBLIGATIONS - 23.8% (continued) |  |  |
|  U.S. Treasury Notes, (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, Due 8/15/2035 | $214000 | $212127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 11/15/2035 | 158000 | 153334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, Due 2/15/2036 | 187000 | 183055 |
|  |  | **851933** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Obligations (Cost $2,004,031)** |  | **1876223** |
|  MUNICIPAL OBLIGATIONS - 3.0% |  |  |
|  Bay Area Toll Authority, 6.263%, Due 4/1/2049, Series F-2 | 10000 | 10340 |
|  Chicago Transit Authority Sales Tax Receipts Fund, 6.200%, Due 12/1/2040, Series B | 14493 | 15178 |
|  City of Chicago Waterworks Revenue, 6.742%, Due 11/1/2040 | 5000 | 5445 |
|  City of New York, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.985%, Due 12/1/2036, Series D | 4572 | 4723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.291%, Due 2/1/2045, Series H | 15000 | 15590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.559%, Due 10/1/2045, Series E-1 | 10000 | 9795 |
|  City of San Antonio Electric & Gas Systems Revenue, 5.469%, Due 2/1/2045, Series A | 5000 | 5020 |
|  County of Miami-Dade Water & Sewer System Revenue, 3.490%, Due 10/1/2042, Series C | 5000 | 4057 |
|  Dallas Area Rapid Transit, 2.613%, Due 12/1/2048, Series A | 5000 | 3348 |
|  Dallas Fort Worth International Airport, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.089%, Due 11/1/2040, Series C | 5000 | 4038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.843%, Due 11/1/2046, Series C | 5000 | 3585 |
|  Los Angeles Community College District, 6.600%, Due 8/1/2042 | 5000 | 5346 |
|  Los Angeles County Public Works Financing Authority, 7.618%, Due 8/1/2040 | 15000 | 17629 |
|  Louisiana Local Government Environmental Facilities & Community Development Authority, 4.475%, Due 8/1/2039, Series A | 15000 | 14625 |
|  Metropolitan Transportation Authority, 6.687%, Due 11/15/2040, Series C-1 | 5000 | 5464 |
|  Metropolitan Water Reclamation District of Greater Chicago, 5.720%, Due 12/1/2038 | 5000 | 5108 |
|  New Jersey Transportation Trust Fund Authority, 6.561%, Due 12/15/2040, Series B | 5000 | 5474 |
|  New York City Municipal Water Finance Authority, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.952%, Due 6/15/2042 | 20000 | 20337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.882%, Due 6/15/2044, Series CC | 5000 | 5026 |
|  Oklahoma Development Finance Authority, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.135%, Due 12/1/2033, Series A-1 | 7255 | 7255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.714%, Due 5/1/2052 | 5000 | 4548 |
|  Oregon Education Districts, 2.895%, Due 6/30/2040, Series A | 10000 | 7766 |
|  Port Authority of New York & New Jersey, 4.823%, Due 6/1/2045 | 10000 | 9213 |
|  South Carolina Student Loan Corp., 4.980%, Due 10/27/2036 | 8563 | 8235 |
|  State of California, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.988%, Due 4/1/2039, Series A | 10000 | 9550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.550%, Due 4/1/2039 | 15000 | 17742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, Due 10/1/2041 | 5000 | 5176 |
|  State of Texas, 5.517%, Due 4/1/2039 | 4687 | 4750 |
|  Texas Water Development Board, 4.993%, Due 10/15/2054, Series B | 5000 | 4663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Municipal Obligations (Cost $243,491)** |  | **239026** |
|  **TOTAL INVESTMENTS - 98.1% (Cost $7,908,660)** |  | **7740090** |
|  **OTHER ASSETS, NET OF LIABILITIES - 1.9%** |  | **148270** |
|  **TOTAL NET ASSETS - 100.0%** |  | $**7888360** |

---

Percentages are stated as a percent of net assets.

<sup>A</sup> Security exempt from registration under the Securities Act of 1933. These securities may be resold to qualified institutional buyers pursuant to Rule 144A. At the period end, the value of these securities amounted to $2,580,759 or 32.7% of net assets. The Fund has no right to demand registration of these securities. 

<sup>B</sup> Variable, floating, or adjustable rate securities with an interest rate that changes periodically. Rates are periodically reset with rates that are based on a predetermined benchmark such as a widely followed interest rate such as T-bills, SOFR or PRIME plus a fixed spread. The interest rate disclosed reflects the rate in effect on April 30, 2026. 

<sup>C</sup> Perpetual maturity. The date shown, if any, is the next call date.

<sup>D</sup> Coupon rate may change based on changes of the underlying collateral or prepayments of principal. The coupon rate shown represents the rate at period end.

<sup>E</sup> Inflation-Indexed Note.

CMT - Constant Maturity Treasury.

IP - Intellectual Property.

*See accompanying notes* 

------

**American Beacon NIS Core Plus Bond Fund<sup>SM</sup>**

**Schedule of Investments** 

April 30, 2026 (Unaudited)

LLC - Limited Liability Company.

LP - Limited Partnership.

PLC - Public Limited Company.

PRIME - A rate, charged by banks, based on the U.S. Federal Funds rate.

REITs - Real Estate Investment Trusts.

REMICS - Real Estate Mortgage Investment Conduits.

SOFR - Secured Overnight Financing Rate.

T-bills - Treasury bills.

USD - United States Dollar.

The Fund's investments are summarized by level based on the inputs used to determine their values. As of April 30, 2026, the investments were classified as described below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **NIS Core Plus Bond Fund** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  ***Assets*** |  |  |  |  |
|  Corporate Obligations | $— | $2438737 | $— | $2438737 |
|  Foreign Corporate Obligations |  | 197984 |  | 197984 |
|  Foreign Sovereign Obligations |  | 14708 |  | 14708 |
|  Asset-Backed Obligations |  | 845798 |  | 845798 |
|  Collateralized Mortgage Obligations |  | 996699 |  | 996699 |
|  Commercial Mortgage-Backed Obligations |  | 501785 |  | 501785 |
|  U.S. Agency Mortgage-Backed Obligations |  | 629130 |  | 629130 |
|  U.S. Treasury Obligations |  | 1876223 |  | 1876223 |
|  Municipal Obligations |  | 239026 |  | 239026 |
|  Total Investments in Securities - Assets | $— | $7740090 | $— | $7740090 |

---

U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended April 30, 2026, there were no transfers into or out of Level 3.

*See accompanying notes* 

------

**American Beacon Funds<sup>SM</sup>** 

**Supplementary Notes to Schedules of Investments** 

April 30, 2026 (Unaudited)

**Security Valuation and Fair Value Measurements** 

The price of each Fund's shares is based on its net asset value ("NAV") per share. Each Fund's NAV is computed by adding total assets, subtracting all the Fund's liabilities, and dividing the result by the total number of shares outstanding.

The NAV of each class of a Fund's shares is determined based on a pro rata allocation of a Fund's investment income, expenses and total capital gains and losses. A Fund's NAV per share is determined each business day as of the regular close of trading on the New York Stock Exchange ("NYSE" or "Exchange"), which is typically 4:00 p.m. Eastern Time ("ET"). However, if trading on the NYSE closes at a time other than 4:00 p.m. ET, a Fund's NAV per share typically would still be determined as of the regular close of trading on the NYSE. The Funds do not price their shares on days that the NYSE is closed. Foreign exchanges may permit trading in foreign securities on days when a Fund is not open for business, which may result in the value of a Fund's portfolio investments being affected at a time when you are unable to buy or sell shares.

Equity securities, including shares of closed-end funds and exchange-traded funds ("ETFs"), are valued at the last sale price or official closing price taken from the primary exchange in which each security trades. Investments in other mutual funds are valued at the closing NAV per share on the day of valuation. Debt securities are valued at bid quotes from broker/dealers or evaluated bid prices from pricing services, who may consider a number of inputs and factors, such as prices of comparable securities, yield curves, spreads, credit ratings, coupon rates, maturity, default rates, and underlying collateral. Futures are valued based on their daily settlement prices. Exchange-traded and over-the-counter ("OTC") options are valued at the last sale price. Options with no last sale for the day are priced at mid quote. Swaps are valued at evaluated mid prices from pricing services.

The valuation of securities traded on foreign markets and certain fixed-income securities will generally be based on prices determined as of the earlier closing time of the markets on which they primarily trade unless a significant event has occurred. When a Fund holds securities or other assets that are denominated in a foreign currency, a Fund will normally use the currency exchange rates as of 4:00 p.m. ET.

Rule 2a-5 under the Investment Company Act (the "Valuation Rule") establishes requirements for determining fair value in good faith for purposes of the Investment Company Act, including related oversight and reporting requirements. The Valuation Rule also defines when market quotations are "readily available," which is the threshold for determining whether a Fund must fair value a security. Among other things, the Valuation Rule permits the Board to designate the Manager as Valuation Designee to perform the Fund's fair value determinations subject to board oversight and certain reporting and other requirements intended to ensure that the Board receives the information it needs to oversee the Manager's fair value determinations. Effective September 8, 2022, the Board has designated the Manager as valuation designee to perform fair value functions in accordance with the requirements of the Valuation Rule.

Securities may be valued at fair value, as determined in good faith and pursuant to the Manager's procedures, under certain limited circumstances. For example, fair value pricing will be used for fixed-income securities and when market quotations are not readily available or reliable, as determined by the Manager, such as when (i) trading for a security is restricted or stopped; (ii) a security's trading market is closed (other than customary closings); or (iii) a security has been de-listed from a national exchange. A security with limited market liquidity may require fair value pricing if the Manager determines that the available price does not reflect the security's true market value. In addition, if a significant event that the Manager determines to affect the value of one or more securities held by a Fund occurs after the close of a related exchange but before the determination of a Fund's NAV, fair value pricing may be used on the affected security or securities. Securities of small-capitalization companies are also more likely to require a fair value determination using these procedures because they are more thinly traded and less liquid than the securities of larger-capitalization companies. The Funds may fair value securities as a result of significant events occurring after the close of the foreign markets in which a Fund invests as described below. In addition, the Funds may invest in illiquid securities requiring these procedures.

A Fund may use fair value pricing for securities primarily traded in non-U.S. markets because most foreign markets close well before a Fund's pricing time of 4:00 p.m. ET. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. If the Manager determines that the last quoted prices of non-U.S. securities will, in its judgment, materially affect the value of some or all a Fund's portfolio securities, the Manager can adjust the previous closing prices to reflect what it believes to be the fair value of the securities as of the close of the Exchange. In deciding whether it is necessary to adjust closing prices to reflect fair value, the Manager reviews a variety of factors, including developments in foreign markets, the performance of U.S. securities markets, and the performance of instruments trading in U.S. markets that represent foreign securities and baskets of foreign securities. These securities are fair valued using a pricing service, using methods approved by the Manager, that considers the correlation of the trading patterns of the foreign security to intraday trading in the U.S. markets, based on indices of domestic securities and other appropriate indicators such as prices of relevant American Depositary Receipts ("ADRs") and futures contracts. The Manager's Fair Valuation Committee ("Valuation Committee") may also fair value securities in other situations, such as when a particular foreign market is closed but a Fund is open. A Fund uses outside pricing services to provide closing prices and information to evaluate and/or adjust those prices. As a means of evaluating its security valuation process, the Valuation Committee routinely compares closing prices, the next day's opening prices in the same markets and adjusted prices.

------

**American Beacon Funds<sup>SM</sup>** 

**Supplementary Notes to Schedules of Investments** 

April 30, 2026 (Unaudited)

Attempts to determine the fair value of securities introduce an element of subjectivity to the pricing of securities. As a result, the price of a security determined through fair valuation techniques may differ from the price quoted or published by other sources and may not accurately reflect the market value of the security when trading resumes. If a reliable market quotation becomes available for a security formerly valued through fair valuation techniques, the Manager compares the new market quotation to the fair value price to evaluate the effectiveness of a Fund's fair valuation procedures. If any significant discrepancies are found, the Manager may adjust Manager's fair valuation procedures for a Fund.

*Valuation Inputs* 

Various inputs may be used to determine the fair value of the Funds' investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

---

| | |
|:---|:---|
| Level 1 - | Quoted prices in active markets for identical securities. |
| Level 2 - | Prices determined using other significant observable inputs. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, and others. |
| Level 3 - | Prices determined using other significant unobservable inputs. Unobservable inputs reflect a Fund's own assumptions about the factors market participants would use in pricing an investment. |

---

*Level 1 and Level 2 trading assets and trading liabilities, at fair value* 

Common stocks, ETFs, preferred securities, and financial derivative instruments, such as futures contracts that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy. Preferred securities and other equities traded on inactive markets or valued by reference to similar instruments are generally categorized as Level 2 of the fair value hierarchy.

Fixed-income securities including corporate, convertible and municipal bonds and notes, U.S. government agencies, U.S. Treasury obligations, sovereign issues, bank loans, convertible preferred securities, and non-U.S. bonds are normally valued by pricing service providers that use broker dealer quotations, reported trades or valuation estimates from their internal pricing models. The service providers' internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates, and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. Fixed-income securities purchased on delayed-delivery basis are marked-to-market daily until settlement at the forward settlement date and are categorized as Level 2 of the fair value hierarchy.

Mortgage-related and asset-backed securities ("ABS") are usually issued as separate tranches, or classes, of securities within each deal. These securities are also normally valued by pricing service providers that use broker-dealer quotations or valuation estimates from their internal pricing models. The pricing models for these securities usually consider tranche-level attributes, current market data, estimated cash flows, and market-based yield spreads for each tranche, and incorporates deal collateral performance, as available. Mortgage-related and ABS that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

Investments in registered open-end investment management companies will be valued based upon the NAVs of such investments and are categorized as Level 1 of the fair value hierarchy.

With respect to a Fund's investments that do not have readily available market quotations, the Board has designated the Adviser as its valuation designee to perform fair valuations pursuant to Rule 2a-5 under the Act (the "Valuation Designee"). If market prices are not readily available or are deemed unreliable, the Valuation Designee will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board ("Valuation Procedures"). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of a Fund's portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by the Valuation Designee may cause the NAV of a Fund's shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that a Fund could obtain the fair value assigned to an investment if a Fund were to sell the investment at approximately the time at which a Fund determines its NAV.

------

**American Beacon Funds<sup>SM</sup>** 

**Supplementary Notes to Schedules of Investments** 

April 30, 2026 (Unaudited)

OTC financial derivative instruments, such as foreign currency contracts and structured notes, derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These contracts are normally valued on the basis of broker dealer quotations or pricing service providers. Depending on the product and the terms of the transaction, the fair value of the financial derivative contracts can be estimated by a pricing service provider using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, curves, dividends, and exchange rates. Financial derivatives that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

*Level 3 trading assets and trading liabilities, at fair value* 

The valuation techniques and significant inputs used in determining the fair values of financial instruments classified as Level 3 of the fair value hierarchy are as follows.

Securities and other assets for which market quotes are not readily available are valued at fair value as determined in good faith by the Manager or persons acting under their oversight and may be categorized as Level 3 of the fair value hierarchy.

Market quotes are considered not readily available in circumstances where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the Exchange close, that materially affect the values of the Fund's securities or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities trade, do not open for trading for the entire day and no other market prices are available. The Board has designated the Manager as responsible for monitoring significant events that may materially affect the fair values of a Fund's securities or assets and for determining whether the value of the applicable securities or assets should be re-evaluated in light of such significant events.

The Manager has selected methods for valuing securities and other assets in circumstances where market quotes are not readily available, and oversees the application of those valuation methods. In the event that the security or asset cannot be valued, pursuant to one of the valuation methods selected by the Manager, the fair value of the security or asset will be determined in good faith by the Valuation Committee.

When a Fund uses fair valuation methods that use significant unobservable inputs to determine its NAV, the securities priced using this methodology are categorized as Level 3 of the fair value hierarchy. These methods may require subjective determinations about the value of a security. While the Trust's policy is intended to result in a calculation of a Fund's NAV that fairly reflects security values as of the time of pricing, the Trust cannot guarantee that values determined by the Manager or persons acting under their oversight would accurately reflect the price that a Fund could obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by a Fund may differ from the value that would be realized if the securities were sold.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AMERICAN BEACON FUNDS

- **b. Investment Company Act file number:** 811-04984

- **c. CIK number of Registrant:** 0000809593

- **d. LEI of Registrant:** 549300EXCES9V5RWB620

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 220 EAST LAS COLINAS BOULEVARD

  - **City:** IRVING

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75039

  - **Telephone number:** 817-391-6100

**Item A.2. Information about the Series.**

- **a. Name of Series:** American Beacon NIS Core Plus Bond Fund

- **b. EDGAR series identifier (if any):** S000069392

- **c. LEI of Series:** 549300MEGDO7715JGW54

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2027-01-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $7970446.36

**Total Liabilities:** $94744.10

**Net Assets:** $7875702.26

**Delayed Delivery Securities:** $4947.35

**Cash Not Reported:** $113560.28

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -9.84000000 | **1-Year:** -174.39000000 | **5-Year:** -562.17000000 | **10-Year:** -597.35000000 | **30-Year:** -188.82000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -6.15000000 | **1-Year:** -105.92000000 | **5-Year:** -225.69000000 | **10-Year:** -134.48000000 | **30-Year:** -7.69000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221416 | 1.60%                | -1.92%               | 0.36%                |
| Class ID C000221418 | 1.64%                | -2.00%               | 0.16%                |
| Class ID C000221417 | 1.58%                | -1.83%               | 0.22%                |
| Class ID C000221415 | 1.72%                | -1.91%               | 0.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5363.70                 | $100832.77                                 |
| Month 2  | $-788.72                 | $-184143.98                                |
| Month 3  | $-2169.34                | $-5395.57                                  |

### Schedule of Portfolio Investments

| Name                                                     | Title                                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XMTK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31051 | PA      | $31832.19     | 0.40%             | 2043-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                 | Mars, Inc.                                                                            | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10089.23     | 0.13%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | Morgan Stanley                                                                        | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4328.32      | 0.05%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                | Ball Corp.                                                                            | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4010.64      | 0.05%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                         | LPL Holdings, Inc.                                                                    | CUSIP: 50212YAL8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5045.87      | 0.06%             | 2030-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                             | Alphabet, Inc.                                                                        | CUSIP: 02079KBA4<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9565.19      | 0.12%             | 2055-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810SE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    534000 | PA      | $413745.70    | 5.25%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31418ECG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21283 | PA      | $18383.51     | 0.23%             | 2042-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                    | Freedom Mortgage Holdings LLC                                                         | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4822.93      | 0.06%             | 2031-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                   | RB Global Holdings, Inc.                                                              | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6229.68      | 0.08%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                  | New Jersey Transportation Trust Fund Authority                                        | CUSIP: 646136XR7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5473.61      | 0.07%             | 2040-12-15      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                             | Broadcom, Inc.                                                                        | CUSIP: 11135FCT6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13537.33     | 0.17%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                                 | FHF Issuer Trust                                                                      | CUSIP: 30340RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6229 | PA      | $6228.12      | 0.08%             | 2031-02-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| ACE CAPITAL TRUST II                                     | ACE Capital Trust II                                                                  | CUSIP: 00440FAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $23402.75     | 0.30%             | 2030-04-01      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                   | Extra Space Storage LP                                                                | CUSIP: 30225VAP2<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |     10000 | PA      | $8959.61      | 0.11%             | 2030-10-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC              | BBCMS Mortgage Trust                                                                  | CUSIP: 05553WAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000 | PA      | $15889.23     | 0.20%             | 2056-09-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                                 | KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc.                  | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9000 | PA      | $9407.83      | 0.12%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                    | SS&C Technologies, Inc.                                                               | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5994.74      | 0.08%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                       | Viking Cruises Ltd.                                                                   | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     14000 | PA      | $14037.58     | 0.18%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                               | Navient Student Loan Trust                                                            | CUSIP: 63941LAB9<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |      6872 | PA      | $6789.52      | 0.09%             | 2059-12-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pass-Through Certifica        | FRESB Mortgage Trust                                                                  | CUSIP: 30297PAF0<br>LEI: 549300P6Y1UBYR0WQ049 | Long             | ABS-MBS          | USGSE             | US        |      5524 | PA      | $5507.12      | 0.07%             | 2038-07-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                                  | Fidelity National Information Services, Inc.                                          | CUSIP: 31620MCE4<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14919.84     | 0.19%             | 2031-03-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                   | Cogent Communications Group LLC/Cogent Finance, Inc.                                  | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2984.90      | 0.04%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                                    | Novartis Capital Corp.                                                                | CUSIP: 66989HBH0<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9930.16      | 0.13%             | 2033-03-18      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    221000 | PA      | $146697.38    | 1.86%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co.                                                                     | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10255.57     | 0.13%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    158000 | PA      | $153334.06    | 1.95%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                         | Paramount Global                                                                      | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4716.54      | 0.06%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PG&E WILDFIRE RECOVERY                                   | PG&E Wildfire Recovery Funding LLC                                                    | CUSIP: 693342AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4897.17      | 0.06%             | 2041-06-01      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                     | Royal Bank of Canada                                                                  | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10028.41     | 0.13%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     40000 | PA      | $37725.00     | 0.48%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                   | CCO Holdings LLC/CCO Holdings Capital Corp.                                           | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7000 | PA      | $5871.29      | 0.07%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                  | GLP Capital LP/GLP Financing II, Inc.                                                 | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              |  | US        |     15000 | PA      | $13442.62     | 0.17%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                 | Public Service Enterprise Group, Inc.                                                 | CUSIP: 744573AZ9<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10218.94     | 0.13%             | 2034-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                              | Oracle Corp.                                                                          | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     15000 | PA      | $9428.71      | 0.12%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     87000 | PA      | $84706.05     | 1.08%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                            | TransDigm, Inc.                                                                       | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16580.32     | 0.21%             | 2031-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SCE RECOVERY FUNDING LLC                                 | SCE Recovery Funding LLC                                                              | CUSIP: 78433LAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4192.02      | 0.05%             | 2042-11-15      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| OLD REPUBLIC INTL CORP                                   | Old Republic International Corp.                                                      | CUSIP: 680223AM6<br>LEI: 549300IV6O2YY2A1KH37 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10253.54     | 0.13%             | 2034-03-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co.                                                                     | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5090.04      | 0.06%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                        | Post Holdings, Inc.                                                                   | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7133.68      | 0.09%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140X6M57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21148 | PA      | $20358.02     | 0.26%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                          | Mid-State Trust XI                                                                    | CUSIP: 59549WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5804 | PA      | $5803.76      | 0.07%             | 2038-07-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| PG&E WILDFIRE RECOVERY                                   | PG&E Wildfire Recovery Funding LLC                                                    | CUSIP: 693342AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4669.36      | 0.06%             | 2039-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Finance of America HECM Buyout                           | Finance of America HECM Buyout                                                        | CUSIP: 31737BAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20000 | PA      | $19810.14     | 0.25%             | 2029-03-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                      | Prestige Brands, Inc.                                                                 | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8312.94      | 0.11%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                      | Dominion Energy, Inc.                                                                 | CUSIP: 25746UDR7<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10229.86     | 0.13%             | 2032-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                    | Mexico Government International Bonds                                                 | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     15000 | PA      | $14708.25     | 0.19%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DUKE ENE PR NC ST FDG II                                 | Duke Energy Progress Nc Storm Funding II LLC                                          | CUSIP: 26443NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9804.17      | 0.12%             | 2046-01-01      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| OLD REPUBLIC INTL CORP                                   | Old Republic International Corp.                                                      | CUSIP: 680223AL8<br>LEI: 549300IV6O2YY2A1KH37 | Long             | DBT              | CORP              | US        |     15000 | PA      | $10613.67     | 0.13%             | 2051-06-11      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                   | Harvest Midstream I LP                                                                | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11072.48     | 0.14%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                           | Gray Media, Inc.                                                                      | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5308.42      | 0.07%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                       | Chase Mortgage Finance Corp.                                                          | CUSIP: 16164AAD7<br>LEI: 529900A7SLLSJMEDIN80 | Long             | ABS-MBS          | CORP              | US        |     21741 | PA      | $20143.93     | 0.26%             | 2045-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 17-2 AA PTT                                 | American Airlines Pass-Through Trust                                                  | CUSIP: 02376AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8505 | PA      | $8186.57      | 0.10%             | 2029-10-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE | New York City Municipal Water Finance Authority                                       | CUSIP: 64972FK88<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20337.46     | 0.26%             | 2042-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                  | Howard Midstream Energy Partners LLC                                                  | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $8342.06      | 0.11%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                 | CQP Holdco LP/BIP-V Chinook Holdco LLC                                                | CUSIP: 12657NAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $4252.94      | 0.05%             | 2033-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROG SC STOR                                 | Duke Energy Progress SC Storm Funding LLC                                             | CUSIP: 26445CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4675 | PA      | $4789.64      | 0.06%             | 2044-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVENUE                        | City of San Antonio Electric & Gas Systems Revenue                                    | CUSIP: 79625GNB5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5019.95      | 0.06%             | 2045-02-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                           | Rocket Cos., Inc.                                                                     | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $5074.18      | 0.06%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| OREGON EDU DISTS FULL FAITH & CREDIT PENSN OBLIGS        | Oregon Education Districts                                                            | CUSIP: 68587FBL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $7765.50      | 0.10%             | 2040-06-30      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                              | PepsiCo, Inc.                                                                         | CUSIP: 713448FN3<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4017.98      | 0.05%             | 2052-07-18      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                 | Enterprise Products Operating LLC                                                     | CUSIP: 29379VCK7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10016.52     | 0.13%             | 2031-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                   | Radiology Partners, Inc.                                                              | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5965.68      | 0.08%             | 2032-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH                                 | Oklahoma Development Finance Authority                                                | CUSIP: 6789084E1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4548.17      | 0.06%             | 2052-05-01      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                                   | HA Sustainable Infrastructure Capital, Inc.                                           | CUSIP: 40408AAA9<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10294.78     | 0.13%             | 2031-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                 | CQP Holdco LP/BIP-V Chinook Holdco LLC                                                | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $7902.49      | 0.10%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | Morgan Stanley                                                                        | CUSIP: 61747YGB5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14884.26     | 0.19%             | 2032-03-12      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                        | L3Harris Technologies, Inc.                                                           | CUSIP: 502431AT6<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15366.84     | 0.20%             | 2031-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                    | Panther Escrow Issuer LLC                                                             | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15070.24     | 0.19%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                    | American Homes 4 Rent LP                                                              | CUSIP: 02666TAC1<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |     10000 | PA      | $8826.55      | 0.11%             | 2031-07-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                       | BX Trust                                                                              | CUSIP: 05606FAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000 | PA      | $14226.18     | 0.18%             | 2041-12-09      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                           | Carvana Auto Receivables Trust                                                        | CUSIP: 14689AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $14968.68     | 0.19%             | 2030-12-10      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| BREAKWATER ENRGY HOLD                                    | Breakwater Energy Holdings SARL                                                       | CUSIP: 10637BAA3<br>LEI: 984500969HAFA937F390 | Long             | DBT              | CORP              | LU        |      5000 | PA      | $5324.93      | 0.07%             | 2030-11-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                  | MPLX LP                                                                               | CUSIP: 55336VBY5<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9995.42      | 0.13%             | 2035-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    165000 | PA      | $114597.66    | 1.46%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PR RNO PROPERTY OWNER 1                                  | PR RNO Property Owner 1 LLC                                                           | CUSIP: 69393LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2973.64      | 0.04%             | 2031-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                | Morgan Stanley Bank of America Merrill Lynch Trust                                    | CUSIP: 61766RAY2<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |      8747 | PA      | $8721.47      | 0.11%             | 2049-11-15      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                 | JP Morgan Mortgage Trust                                                              | CUSIP: 46653TAB5<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |     30313 | PA      | $25093.88     | 0.32%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                          | Fair Isaac Corp.                                                                      | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7889.79      | 0.10%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MERIDIAN ARC HOLDCO LLC                                  | Meridian Arc Holdco LLC                                                               | CUSIP: 58990CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $1999.54      | 0.03%             | 2031-04-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                      | New Residential Mortgage Loan Trust                                                   | CUSIP: 64829GAA7<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |     21615 | PA      | $20944.21     | 0.27%             | 2035-11-26      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                   | Velocity Commercial Capital Loan Trust                                                | CUSIP: 92259QAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63043 | PA      | $63655.01     | 0.81%             | 2054-06-25      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | Morgan Stanley                                                                        | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14676.47     | 0.19%             | 2037-01-30      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     39000 | PA      | $34374.84     | 0.44%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                               | Navient Private Education Refi Loan Trust                                             | CUSIP: 638961AA0<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      5950 | PA      | $6063.90      | 0.08%             | 2071-10-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities Trust                      | Brean Asset-Backed Securities Trust                                                   | CUSIP: 10637YAA3<br>LEI: 98450003CE714EY3D313 | Long             | ABS-MBS          | CORP              | US        |     35971 | PA      | $35428.68     | 0.45%             | 2064-05-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust           | Finance of America Structured Securities Trust                                        | CUSIP: 31739TAC3<br>LEI: 2549002UL0FAQKYSIR51 | Long             | ABS-O            | CORP              | US        |     60423 | PA      | $61275.44     | 0.78%             | 2073-04-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    130000 | PA      | $132097.27    | 1.68%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                 | JP Morgan Mortgage Trust                                                              | CUSIP: 46658XAC9<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-MBS          | CORP              | US        |     22424 | PA      | $22504.23     | 0.29%             | 2055-05-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| VALVOLINE INC                                            | Valvoline, Inc.                                                                       | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27328.33     | 0.35%             | 2031-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                      | Sirius XM Radio LLC                                                                   | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9052.53      | 0.11%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NMI HOLDINGS                                             | NMI Holdings, Inc.                                                                    | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15316.80     | 0.19%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                  | Asbury Automotive Group, Inc.                                                         | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3835.72      | 0.05%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                       | Osaic Holdings, Inc.                                                                  | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7138.40      | 0.09%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                       | BX Trust                                                                              | CUSIP: 05606FAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $9522.22      | 0.12%             | 2041-12-09      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                        | Iron Mountain, Inc.                                                                   | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     17000 | PA      | $16824.08     | 0.21%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    120000 | PA      | $118518.75    | 1.50%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                       | Energy Transfer LP                                                                    | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26927.25     | 0.34%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC                                 | Stonex Escrow Issuer LLC                                                              | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25848.63     | 0.33%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EAGLE MATERIALS INC                                      | Eagle Materials, Inc.                                                                 | CUSIP: 26969PAC2<br>LEI: 529900KRXRGXL61SG039 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14426.52     | 0.18%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                            | FirstCash, Inc.                                                                       | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3980.74      | 0.05%             | 2030-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                 | Permian Resources Operating LLC                                                       | CUSIP: 27034RAC7<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9522.66      | 0.12%             | 2031-07-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                                   | CUSIP: 13063BN81<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9550.17      | 0.12%             | 2039-04-01      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD                                         | Teine Energy Ltd.                                                                     | CUSIP: 879068AB0<br>LEI: 894500JBC83AX7PYEU16 | Long             | DBT              | CORP              | CA        |      4000 | PA      | $4001.20      | 0.05%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                | Towd Point Mortgage Trust                                                             | CUSIP: 891944AB6<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |     38576 | PA      | $38335.91     | 0.49%             | 2064-10-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                 | Capital One Financial Corp.                                                           | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10368.72     | 0.13%             | 2035-02-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                              | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 3132D9KM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22309 | PA      | $20605.20     | 0.26%             | 2042-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                           | Salesforce, Inc.                                                                      | CUSIP: 79466LAU8<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14958.57     | 0.19%             | 2036-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                   | NYC Commercial Mortgage Trust                                                         | CUSIP: 67120UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20000 | PA      | $19937.50     | 0.25%             | 2042-02-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                             | Dell Equipment Finance Trust                                                          | CUSIP: 24704EAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $20095.21     | 0.26%             | 2030-08-22      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| PPL CAPITAL FUNDING INC                                  | PPL Capital Funding, Inc.                                                             | CUSIP: 69352PAT0<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15144.86     | 0.19%             | 2034-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                  | CarMax Auto Owner Trust                                                               | CUSIP: 14320HAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35000 | PA      | $34603.87     | 0.44%             | 2031-06-16      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                      | Somnigroup International, Inc.                                                        | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5549.38      | 0.07%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                    | Belron U.K. Finance PLC                                                               | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |      7000 | PA      | $7070.29      | 0.09%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                      | American Express Co.                                                                  | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5178.87      | 0.07%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA CMNTY CLG DIST                            | Los Angeles Community College District                                                | CUSIP: 54438CNZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5346.29      | 0.07%             | 2042-08-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                   | Velocity Commercial Capital Loan Trust                                                | CUSIP: 92259BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7240 | PA      | $7093.92      | 0.09%             | 2048-10-26      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust           | Finance of America Structured Securities Trust                                        | CUSIP: 31739XAD2<br>LEI: 2549004F0E42Q9KME434 | Long             | ABS-O            | CORP              | US        |     49726 | PA      | $48562.63     | 0.62%             | 2075-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                                 | Vantage Data Centers Issuer LLC                                                       | CUSIP: 92212KAD8<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $19718.52     | 0.25%             | 2046-10-15      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CKF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     14000 | PA      | $14056.88     | 0.18%             | 2031-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                   | PNC Financial Services Group, Inc.                                                    | CUSIP: 693475BS3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10513.02     | 0.13%             | 2034-08-18      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                   | Cloud Software Group, Inc.                                                            | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3800.15      | 0.05%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                           | Amazon.com, Inc.                                                                      | CUSIP: 023135DH6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4921.20      | 0.06%             | 2056-03-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                              | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 31335BCW4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     40782 | PA      | $36820.39     | 0.47%             | 2047-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                                   | Brookfield Finance, Inc.                                                              | CUSIP: 11271LAK8<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10640.13     | 0.14%             | 2034-01-05      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group, Inc.                                                             | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15581.22     | 0.20%             | 2035-04-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| DC Office Trust                                          | DC Office Trust                                                                       | CUSIP: 23312BAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $8638.30      | 0.11%             | 2045-09-15      | Variable      | 3.17%                 | No            |                  2 | On Loan: No      |
| PPG INDUSTRIES INC                                       | PPG Industries, Inc.                                                                  | CUSIP: 693506BY2<br>LEI: 549300BKPEP01R3V6C59 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4936.97      | 0.06%             | 2031-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP                                         | Knife River Corp.                                                                     | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $3115.01      | 0.04%             | 2031-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                               | Navient Private Education Refi Loan Trust                                             | CUSIP: 63940UAB0<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      3778 | PA      | $3764.05      | 0.05%             | 2059-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                 | Government National Mortgage Association                                              | CUSIP: 36179R7J2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     26707 | PA      | $24793.07     | 0.31%             | 2046-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                           | Hyundai Auto Receivables Trust                                                        | CUSIP: 44891XAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $19914.12     | 0.25%             | 2032-03-15      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                  | Light & Wonder International, Inc.                                                    | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7933.70      | 0.10%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                                       | Regency Centers LP                                                                    | CUSIP: 75884RBA0<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |     20000 | PA      | $19396.55     | 0.25%             | 2030-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                       | Meta Platforms, Inc.                                                                  | CUSIP: 30303M8X3<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13936.76     | 0.18%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                      | Station Casinos LLC                                                                   | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8099.73      | 0.10%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT                                 | Rexford Industrial Realty LP                                                          | CUSIP: 76169XAA2<br>LEI: 549300028US163ELJN70 | Long             | DBT              |  | US        |     15000 | PA      | $13260.85     | 0.17%             | 2030-12-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                 | JP Morgan Mortgage Trust                                                              | CUSIP: 46654WAE1<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |     41209 | PA      | $33985.93     | 0.43%             | 2052-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                      | Kimco Realty OP LLC                                                                   | CUSIP: 49446RAZ2<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |      5000 | PA      | $4622.86      | 0.06%             | 2032-04-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                         | Coca-Cola Co.                                                                         | CUSIP: 191216DS6<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9550.83      | 0.12%             | 2054-05-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                              | PepsiCo, Inc.                                                                         | CUSIP: 713448EZ7<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27071.32     | 0.34%             | 2030-05-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                          | Mid-State Capital Corp. Trust                                                         | CUSIP: 595481AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3940 | PA      | $3940.50      | 0.05%             | 2040-01-15      | Fixed         | 7.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31418ECZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35422 | PA      | $31736.42     | 0.40%             | 2042-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BLACK PEARL COMPUTE LLC                                  | Black Pearl Compute LLC                                                               | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $2029.18      | 0.03%             | 2031-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                                  | Southern Co. Gas Capital Corp.                                                        | CUSIP: 8426EPAB4<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7613.91      | 0.10%             | 2046-10-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                 | Benchmark Mortgage Trust                                                              | CUSIP: 08162WBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     30000 | PA      | $25293.75     | 0.32%             | 2053-09-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINA                                 | Blackstone Holdings Finance Co. LLC                                                   | CUSIP: 09261BAG5<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13163.98     | 0.17%             | 2032-03-30      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                                 | State of Texas                                                                        | CUSIP: 882722KF7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |      4687 | PA      | $4750.22      | 0.06%             | 2039-04-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE                                | City of Chicago Waterworks Revenue                                                    | CUSIP: 167736U39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5444.50      | 0.07%             | 2040-11-01      | Fixed         | 6.74%                 | No            |                  2 | On Loan: No      |
| UNIV OF NOTRE DAME                                       | University of Notre Dame du Lac                                                       | CUSIP: 914748AA6<br>LEI: XV74408A6JGDG5126L34 | Long             | DBT              | CORP              | US        |      5000 | PA      | $3630.19      | 0.05%             | 2048-02-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| GEN LUX SARL/GEN USA INC                                 | Genpact Luxembourg SARL/Genpact USA, Inc.                                             | CUSIP: 37190AAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     15000 | PA      | $15414.40     | 0.20%             | 2029-06-04      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                       | Caturus Energy LLC                                                                    | CUSIP: 149482AA9<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8022.06      | 0.10%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                   | Acrisure LLC/Acrisure Finance, Inc.                                                   | CUSIP: 00489LAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $3010.52      | 0.04%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                        | Eversource Energy                                                                     | CUSIP: 30040WBA5<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20859.27     | 0.26%             | 2031-04-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                            | FirstCash, Inc.                                                                       | CUSIP: 33767DAF2<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |      1000 | PA      | $997.62       | 0.01%             | 2034-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                           | Federal National Mortgage Association-ACES                                            | CUSIP: 3136B3XY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18994 | PA      | $18743.32     | 0.24%             | 2028-09-25      | Variable      | 3.68%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT                                 | Rexford Industrial Realty LP                                                          | CUSIP: 76169XAB0<br>LEI: 549300028US163ELJN70 | Long             | DBT              |  | US        |     10000 | PA      | $8666.90      | 0.11%             | 2031-09-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES FINANCIAL                                  | Raymond James Financial, Inc.                                                         | CUSIP: 754730AH2<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |     20000 | PA      | $14407.59     | 0.18%             | 2051-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE          | Dallas Fort Worth International Airport                                               | CUSIP: 2350366Z8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4038.47      | 0.05%             | 2040-11-01      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                   | PNC Financial Services Group, Inc.                                                    | CUSIP: 693475CA1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4992.87      | 0.06%             | 2032-10-21      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                | Bay Area Toll Authority                                                               | CUSIP: 072024ND0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10340.02     | 0.13%             | 2049-04-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| OGE ENERGY CORP                                          | OGE Energy Corp.                                                                      | CUSIP: 670837AD5<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10232.95     | 0.13%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                 | Targa Resources Partners LP/Targa Resources Partners Finance Corp.                    | CUSIP: 87612BBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $19991.69     | 0.25%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                 | Permian Resources Operating LLC                                                       | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11008.92     | 0.14%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                       | Energy Transfer LP                                                                    | CUSIP: 29273VBE9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15367.62     | 0.20%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                   | Bank of New York Mellon Corp.                                                         | CUSIP: 06406RCM7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9923.04      | 0.13%             | 2037-04-23      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                          | Cigna Group                                                                           | CUSIP: 125523CY4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15024.35     | 0.19%             | 2032-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                       | Ally Financial, Inc.                                                                  | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19948.41     | 0.25%             | 2026-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                 | Healthcare Realty Holdings LP                                                         | CUSIP: 42225UAH7<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |     10000 | PA      | $8738.20      | 0.11%             | 2031-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                     | OneMain Finance Corp.                                                                 | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4998.26      | 0.06%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XHK97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19761 | PA      | $19022.54     | 0.24%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAMDEN PROPERTY TRUST                                    | Camden Property Trust                                                                 | CUSIP: 133131BC5<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              |  | US        |      5000 | PA      | $4860.09      | 0.06%             | 2036-02-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                           | Federal National Mortgage Association-ACES                                            | CUSIP: 3136BQCP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15000 | PA      | $14842.45     | 0.19%             | 2033-07-25      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                      | Global Payments, Inc.                                                                 | CUSIP: 37940XAB8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14165.04     | 0.18%             | 2029-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York                                                                      | CUSIP: 64966SNH5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15590.37     | 0.20%             | 2045-02-01      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140X6LH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26333 | PA      | $22714.94     | 0.29%             | 2046-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                 | Marsh & McLennan Cos., Inc.                                                           | CUSIP: 571748BP6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8905.14      | 0.11%             | 2031-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                        | State Street Corp.                                                                    | CUSIP: 857477CR2<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9997.52      | 0.13%             | 2032-10-22      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                   | Cushman & Wakefield U.S. Borrower LLC                                                 | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5000.42      | 0.06%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PG&E WILDFIRE RECOVERY                                   | PG&E Wildfire Recovery Funding LLC                                                    | CUSIP: 693342AJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4754.01      | 0.06%             | 2047-12-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XLN95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20428 | PA      | $20635.25     | 0.26%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                      | New Residential Mortgage Loan Trust                                                   | CUSIP: 64828FAN2<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |     50765 | PA      | $51014.82     | 0.65%             | 2048-01-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| TOTALENERGI CAP USA LLC                                  | TotalEnergies Capital USA LLC                                                         | CUSIP: 89158TAB5<br>LEI: 9845000979865101C194 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4944.45      | 0.06%             | 2033-01-13      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                              | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 3132DQDD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     27562 | PA      | $25684.70     | 0.33%             | 2046-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                         | T-Mobile USA, Inc.                                                                    | CUSIP: 87264ACV5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10168.25     | 0.13%             | 2033-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                           | Carvana Auto Receivables Trust                                                        | CUSIP: 14687GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1459 | PA      | $1427.11      | 0.02%             | 2028-06-12      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                 | Government National Mortgage Association REMICS                                       | CUSIP: 38383VRB6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15179 | PA      | $15558.74     | 0.20%             | 2045-06-20      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                              | Truist Bank                                                                           | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19863.80     | 0.25%             | 2029-09-17      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ROLLINS INC                                              | Rollins, Inc.                                                                         | CUSIP: 775711AC8<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14981.00     | 0.19%             | 2035-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bank                                                     | Bank                                                                                  | CUSIP: 06540EAC7<br>LEI: 549300664283JRAXM588 | Long             | ABS-MBS          | CORP              | US        |     15000 | PA      | $14114.67     | 0.18%             | 2064-12-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                                 | Agree LP                                                                              | CUSIP: 008513AC7<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              |  | US        |     10000 | PA      | $8509.64      | 0.11%             | 2033-06-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CAL Funding IV Ltd                                       | CAL Funding IV Ltd.                                                                   | CUSIP: 12807CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |      7822 | PA      | $7485.85      | 0.10%             | 2045-09-25      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| DISCOVERY HOLDINGS INC                                   | Discovery Global Holdings, Inc.                                                       | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7245.84      | 0.09%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                      | Sirius XM Radio LLC                                                                   | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7768.86      | 0.10%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                 | AT&T, Inc.                                                                            | CUSIP: 00206RNC2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14590.47     | 0.19%             | 2035-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TUTOR PERINI CORP                                        | Tutor Perini Corp.                                                                    | CUSIP: 901109AG3<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8721.93      | 0.11%             | 2029-04-30      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                         | GGAM Finance Ltd.                                                                     | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     41000 | PA      | $42705.23     | 0.54%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup, Inc.                                                                       | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10122.57     | 0.13%             | 2031-02-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HONEYWELL AEROSPACE INC                                  | Honeywell Aerospace, Inc.                                                             | CUSIP: 43849RAJ4<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4917.73      | 0.06%             | 2056-03-16      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Securities Trust               | Bear Stearns Asset-Backed Securities Trust                                            | CUSIP: 07384YNA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17287 | PA      | $17277.13     | 0.22%             | 2033-10-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                           | Federal National Mortgage Association-ACES                                            | CUSIP: 3136BK6X5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15000 | PA      | $13618.45     | 0.17%             | 2031-11-25      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                                   | Regions Financial Corp.                                                               | CUSIP: 7591EPAU4<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10275.38     | 0.13%             | 2030-06-06      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                       | Chase Mortgage Finance Corp.                                                          | CUSIP: 16164AAC9<br>LEI: 529900A7SLLSJMEDIN80 | Long             | ABS-MBS          | CORP              | US        |     10697 | PA      | $9989.42      | 0.13%             | 2045-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                 | RHP Hotel Properties LP/RHP Finance Corp.                                             | CUSIP: 74984CAA6<br>LEI: N/A                  | Long             | DBT              |  | US        |      6000 | PA      | $5964.05      | 0.08%             | 2034-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CD&R SMOKEY / RADIO SYS                                  | CD&R Smokey Buyer, Inc./Radio Systems Corp.                                           | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4147.58      | 0.05%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                 | Antero Midstream Partners LP/Antero Midstream Finance Corp.                           | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $14997.98     | 0.19%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC              | BBCMS Mortgage Trust                                                                  | CUSIP: 07336DAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20000 | PA      | $20745.28     | 0.26%             | 2056-07-15      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Greenpoint Mortgage Pass-Through Certificates            | GreenPoint Mortgage Pass-Through Certificates                                         | CUSIP: 395387AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13243 | PA      | $13071.93     | 0.17%             | 2033-10-25      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                   | Verizon Communications, Inc.                                                          | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13115.02     | 0.17%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                                   | CUSIP: 13063D7G7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5175.70      | 0.07%             | 2041-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD REVENUE                                | Texas Water Development Board                                                         | CUSIP: 88285AGV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4662.92      | 0.06%             | 2054-10-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                   | Santander Drive Auto Receivables Trust                                                | CUSIP: 80287NAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25151.22     | 0.32%             | 2031-05-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMorgan Chase & Co.                                                                  | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10424.34     | 0.13%             | 2035-04-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer, LLC                | Retained Vantage Data Centers Issuer LLC                                              | CUSIP: 76134KAH7<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $24526.25     | 0.31%             | 2049-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                      | Abbott Laboratories                                                                   | CUSIP: 002824BW9<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9668.52      | 0.12%             | 2056-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                       | Crown Americas LLC                                                                    | CUSIP: 22819CAA6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6043.63      | 0.08%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GREYSTAR REAL ESTATE PAR                                 | Greystar Real Estate Partners LLC                                                     | CUSIP: 39807UAD8<br>LEI: 254900HGC806SXAS4M46 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16668.45     | 0.21%             | 2030-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARCHROCK SERVICES/PARTNE                                 | Archrock Services LP/Archrock Partners Finance Corp.                                  | CUSIP: 03958CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $5032.58      | 0.06%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CVR PARTNERS/CVR NITROGE                                 | CVR Partners LP/CVR Nitrogen Finance Corp.                                            | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $3997.30      | 0.05%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PERIMETER HOL                                            | Perimeter Holdings LLC                                                                | CUSIP: 71384AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4975.90      | 0.06%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                 | Prudential Financial, Inc.                                                            | CUSIP: 744320BK7<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |     29000 | PA      | $29385.82     | 0.37%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE         | Chicago Transit Authority Sales Tax Receipts Fund                                     | CUSIP: 16772PAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     14493 | PA      | $15177.60     | 0.19%             | 2040-12-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3138XBXW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10240 | PA      | $9858.35      | 0.13%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                 | Toyota Motor Credit Corp.                                                             | CUSIP: 89236TNT8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4974.37      | 0.06%             | 2032-09-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC                     | SoFi Professional Loan Program LLC                                                    | CUSIP: 83405YAA0<br>LEI: 5493002WMPR84WZ75V46 | Long             | ABS-O            | CORP              | US        |      8302 | PA      | $7372.46      | 0.09%             | 2043-08-17      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMorgan Chase & Co.                                                                  | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15266.52     | 0.19%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                                      | Cardinal Health, Inc.                                                                 | CUSIP: 14149YBS6<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10126.44     | 0.13%             | 2034-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                       | Cipher Compute LLC                                                                    | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $2073.02      | 0.03%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                  | UKG, Inc.                                                                             | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6813.19      | 0.09%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                      | Charles Schwab Corp.                                                                  | CUSIP: 808513CE3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10495.45     | 0.13%             | 2034-05-19      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                    | GFL Environmental, Inc.                                                               | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $20735.68     | 0.26%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities Trust                      | Brean Asset-Backed Securities Trust                                                   | CUSIP: 10638MAA8<br>LEI: 98450003CE714EY3D313 | Long             | ABS-MBS          | CORP              | US        |     34910 | PA      | $34495.50     | 0.44%             | 2061-10-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOF                                 | Take-Two Interactive Software, Inc.                                                   | CUSIP: 874054AH2<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9537.40      | 0.12%             | 2032-04-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP                                     | JetBlue Pass-Through Trust                                                            | CUSIP: 477164AA5<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |     20184 | PA      | $19038.12     | 0.24%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                            | CoreWeave, Inc.                                                                       | CUSIP: 21873SAG3<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4023.16      | 0.05%             | 2031-10-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| AMKOR TECHNOLOGY INC                                     | Amkor Technology, Inc.                                                                | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6032.61      | 0.08%             | 2033-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Bank                                                     | Bank                                                                                  | CUSIP: 06541XAD2<br>LEI: 549300664283JRAXM588 | Long             | ABS-MBS          | CORP              | US        |     10171 | PA      | $10111.10     | 0.13%             | 2060-09-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                    | DB Master Finance LLC                                                                 | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |      4788 | PA      | $4515.39      | 0.06%             | 2051-11-20      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                              | RCKT Mortgage Trust                                                                   | CUSIP: 74935WAF1<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-MBS          | CORP              | US        |    151000 | PA      | $150814.81    | 1.91%             | 2043-06-25      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                 | Vistra Operations Co. LLC                                                             | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6292.38      | 0.08%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                               | Navient Private Education Refi Loan Trust                                             | CUSIP: 63942LAA0<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      8508 | PA      | $7752.01      | 0.10%             | 2069-07-15      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                              | Gartner, Inc.                                                                         | CUSIP: 366651AE7<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22917.69     | 0.29%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140J72S3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17424 | PA      | $15722.60     | 0.20%             | 2048-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                                       | Essex Portfolio LP                                                                    | CUSIP: 29717PAZ0<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |     15000 | PA      | $13462.57     | 0.17%             | 2031-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140J5MF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25752 | PA      | $23972.43     | 0.30%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XKRE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30332 | PA      | $27377.34     | 0.35%             | 2042-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                                  | Public Service Co. of Oklahoma                                                        | CUSIP: 744533BQ2<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5075.52      | 0.06%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    214000 | PA      | $212127.50    | 2.69%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                                   | CUSIP: 13063A5G5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     15000 | PA      | $17742.28     | 0.23%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     64000 | PA      | $62105.00     | 0.79%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31418EEE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37118 | PA      | $34071.28     | 0.43%             | 2042-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                        | Lithia Motors, Inc.                                                                   | CUSIP: 536797AJ2<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21883.40     | 0.28%             | 2030-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.         | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates     | CUSIP: 3137FUZH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     46987 | PA      | $40271.96     | 0.51%             | 2035-01-25      | Fixed         | 1.24%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC                                    | Entergy Louisiana LLC                                                                 | CUSIP: 29364WBR8<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14627.07     | 0.19%             | 2036-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XJXT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     36918 | PA      | $33026.96     | 0.42%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                                 | Phoenix Aviation Capital Ltd.                                                         | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |      7000 | PA      | $7143.91      | 0.09%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CIT Group Home Equity Loan Trust                         | CIT Home Equity Loan Trust                                                            | CUSIP: 12558MBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44222 | PA      | $44119.15     | 0.56%             | 2032-09-20      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York                                                                      | CUSIP: 64966HTX8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |      4572 | PA      | $4722.60      | 0.06%             | 2036-12-01      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                 | Performance Food Group, Inc.                                                          | CUSIP: 71376LAH3<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3916.65      | 0.05%             | 2034-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                       | Viking Cruises Ltd.                                                                   | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |      4000 | PA      | $4010.16      | 0.05%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities Trust                      | Brean Asset-Backed Securities Trust                                                   | CUSIP: 10638FAA3<br>LEI: 98450003CE714EY3D313 | Long             | ABS-MBS          | CORP              | US        |     41695 | PA      | $41398.72     | 0.53%             | 2065-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prime Mortgage Trust                                     | Prime Mortgage Trust                                                                  | CUSIP: 74160MDK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84899 | PA      | $84962.37     | 1.08%             | 2034-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    187000 | PA      | $183055.47    | 2.32%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                    | Ellucian Holdings, Inc.                                                               | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3934.29      | 0.05%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                      | New Residential Mortgage Loan Trust                                                   | CUSIP: 64829KBV1<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |     27205 | PA      | $26355.25     | 0.33%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                            | RFMSI Trust                                                                           | CUSIP: 76111XRB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10379 | PA      | $10149.53     | 0.13%             | 2034-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                                             | KKR & Co., Inc.                                                                       | CUSIP: 48251WAB0<br>LEI: 54930013V5I303TF9571 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14623.44     | 0.19%             | 2035-08-07      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                               | Fiserv, Inc.                                                                          | CUSIP: 337738BH0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5063.94      | 0.06%             | 2033-08-21      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                    | PennyMac Financial Services, Inc.                                                     | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11614.00     | 0.15%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Conseco Financial Corp                                   | Conseco Finance Corp.                                                                 | CUSIP: 393505SK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1860 | PA      | $1862.11      | 0.02%             | 2028-03-15      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                           | Federal National Mortgage Association-ACES                                            | CUSIP: 3136B9J24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10000 | PA      | $8085.20      | 0.10%             | 2035-03-25      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                                  | OAK-Eagle Acquireco, Inc.                                                             | CUSIP: 67124CAB9<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7284.39      | 0.09%             | 2034-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bonds                                                                   | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     40000 | PA      | $38481.25     | 0.49%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                   | BP Capital Markets America, Inc.                                                      | CUSIP: 10373QBU3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15043.07     | 0.19%             | 2033-02-13      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust           | Finance of America Structured Securities Trust                                        | CUSIP: 316929AC2<br>LEI: 254900FJW75GV74X3O58 | Long             | ABS-MBS          | CORP              | US        |     75000 | PA      | $73407.92     | 0.93%             | 2075-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                    | Tenet Healthcare Corp.                                                                | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4987.25      | 0.06%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                      | New Residential Mortgage Loan Trust                                                   | CUSIP: 64829DAQ9<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |     14415 | PA      | $14323.59     | 0.18%             | 2054-11-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                 | AT&T, Inc.                                                                            | CUSIP: 00206RKA9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     15000 | PA      | $10199.18     | 0.13%             | 2051-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                           | NRG Energy, Inc.                                                                      | CUSIP: 629377DG4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3984.89      | 0.05%             | 2036-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.         | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates     | CUSIP: 3137FQJY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12743 | PA      | $11741.56     | 0.15%             | 2034-07-25      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                           | Hyundai Auto Receivables Trust                                                        | CUSIP: 44935XAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25130.37     | 0.32%             | 2032-07-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31418DUA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40704 | PA      | $35732.98     | 0.45%             | 2040-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                              | Cencora, Inc.                                                                         | CUSIP: 03073EBE4<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14634.94     | 0.19%             | 2036-02-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ASSOC BANC-CORP                                          | Associated Banc-Corp.                                                                 | CUSIP: 045487AD7<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15357.09     | 0.19%             | 2030-08-29      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                  | WaMu Mortgage Pass-Through Certificates Trust                                         | CUSIP: 9292276K7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38617 | PA      | $37906.56     | 0.48%             | 2033-08-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| SCE RECOVERY FUNDING LLC                                 | SCE Recovery Funding LLC                                                              | CUSIP: 78433LAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4604.38      | 0.06%             | 2047-12-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                 | Burlington Northern Santa Fe LLC                                                      | CUSIP: 12189LAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9203.07      | 0.12%             | 2044-04-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMorgan Chase & Co.                                                                  | CUSIP: 46647PFE1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14571.15     | 0.19%             | 2036-10-22      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| ROCKET MORTGAGE LLC                                      | Rocket Mortgage LLC                                                                   | CUSIP: 74840LAB8<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14700.00     | 0.19%             | 2028-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                   | Velocity Commercial Capital Loan Trust                                                | CUSIP: 92257CAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14248 | PA      | $12990.37     | 0.16%             | 2049-03-25      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS                                 | South Bow USA Infrastructure Holdings LLC                                             | CUSIP: 83007CAD4<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15095.84     | 0.19%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                    | Truist Financial Corp.                                                                | CUSIP: 89788MAW2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14851.18     | 0.19%             | 2032-01-27      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                 | Benchmark Mortgage Trust                                                              | CUSIP: 08163LAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $8862.05      | 0.11%             | 2053-12-17      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group, Inc.                                                             | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8798.72      | 0.11%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                                 | KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc.                  | CUSIP: 487930AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $4049.59      | 0.05%             | 2033-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                                   | Taco Bell Funding LLC                                                                 | CUSIP: 87342RAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19650 | PA      | $18239.25     | 0.23%             | 2051-08-25      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                      | Charles Schwab Corp.                                                                  | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24959.06     | 0.32%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                    | Aon North America, Inc.                                                               | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10219.40     | 0.13%             | 2034-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                   | Williams Cos., Inc.                                                                   | CUSIP: 969457CJ7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10355.66     | 0.13%             | 2033-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                           | Gray Media, Inc.                                                                      | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3050.15      | 0.04%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                | Amgen, Inc.                                                                           | CUSIP: 031162CW8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9047.88      | 0.11%             | 2031-02-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                      | Exeter Automobile Receivables Trust                                                   | CUSIP: 30165JAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1399 | PA      | $1397.98      | 0.02%             | 2028-01-17      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                 | Capital One Financial Corp.                                                           | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10184.26     | 0.13%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                | Block, Inc.                                                                           | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5988.42      | 0.08%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                 | Charter Communications Operating LLC/Charter Communications Operating Capital         | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15512.52     | 0.20%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                                   | CACI International, Inc.                                                              | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5115.27      | 0.06%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust           | Finance of America Structured Securities Trust                                        | CUSIP: 316919AD1<br>LEI: 2549002UL0FAQKYSIR51 | Long             | ABS-MBS          | CORP              | US        |     48462 | PA      | $47165.31     | 0.60%             | 2055-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                     | Royal Bank of Canada                                                                  | CUSIP: 78017DAV0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $19881.78     | 0.25%             | 2032-05-03      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                | Block, Inc.                                                                           | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6114.32      | 0.08%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                              | RCKT Mortgage Trust                                                                   | CUSIP: 74939FAA5<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-MBS          | CORP              | US        |     28487 | PA      | $28682.49     | 0.36%             | 2044-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORP                                             | Seaspan Corp.                                                                         | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |     13000 | PA      | $12424.98     | 0.16%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                              | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 3132DN3X9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21638 | PA      | $19405.28     | 0.25%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                  | FTAI Aviation Investors LLC                                                           | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5997.53      | 0.08%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                               | Navient Private Education Refi Loan Trust                                             | CUSIP: 63941CAC7<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      5417 | PA      | $5419.86      | 0.07%             | 2059-12-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                 | Clarios Global LP/Clarios U.S. Finance Co.                                            | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      4000 | PA      | $4091.76      | 0.05%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                           | Eli Lilly & Co.                                                                       | CUSIP: 532457DD7<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14999.50     | 0.19%             | 2032-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| STONEX GROUP INC                                         | StoneX Group, Inc.                                                                    | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2105.87      | 0.03%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA PUBLIC WKS FING AUTH LEASE REVENUE   | Los Angeles County Public Works Financing Authority                                   | CUSIP: 54473ENS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $17629.09     | 0.22%             | 2040-08-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERI                                 | Solstice Advanced Materials, Inc.                                                     | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6962.71      | 0.09%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                                           | PECO Energy Co.                                                                       | CUSIP: 693304BE6<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12097.38     | 0.15%             | 2052-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                              | Federal Home Loan Mortgage Corp.                                                      | CUSIP: 3132DSHB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     78547 | PA      | $73250.84     | 0.93%             | 2048-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                    | Westlake Automobile Receivables Trust                                                 | CUSIP: 96043CAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $15083.07     | 0.19%             | 2029-11-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                                 | Transocean International Ltd.                                                         | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |      1400 | PA      | $1466.36      | 0.02%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                         | WULF Compute LLC                                                                      | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $2101.99      | 0.03%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERG RE III                                 | Centerpoint Energy Restoration Bond Co. III LLC                                       | CUSIP: 15202GAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9712.38      | 0.12%             | 2039-12-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                        | Clean Harbors, Inc.                                                                   | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7124.17      | 0.09%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                  | Morgan Stanley Private Bank NA                                                        | CUSIP: 61776NZW6<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9867.32      | 0.13%             | 2031-11-19      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                   | Verizon Communications, Inc.                                                          | CUSIP: 92343VHJ6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9664.20      | 0.12%             | 2055-11-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                   | CCO Holdings LLC/CCO Holdings Capital Corp.                                           | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9000 | PA      | $8174.36      | 0.10%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                 | Huntington National Bank                                                              | CUSIP: 44644MAJ0<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10339.58     | 0.13%             | 2030-01-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON BANK                                       | First Horizon Bank                                                                    | CUSIP: 337158AJ8<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15306.00     | 0.19%             | 2030-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                   | XPLR Infrastructure Operating Partners LP                                             | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11787.77     | 0.15%             | 2033-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| PG&E RECOVERY FND LLC                                    | PG&E Recovery Funding LLC                                                             | CUSIP: 71710TAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10009.24     | 0.13%             | 2047-07-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                 | Jefferson Capital Holdings LLC                                                        | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $6279.40      | 0.08%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                                       | Aqua Finance Trust                                                                    | CUSIP: 038370AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30106 | PA      | $29283.38     | 0.37%             | 2040-07-16      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140J94Q1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26934 | PA      | $25063.03     | 0.32%             | 2037-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                 | Capital One Financial Corp.                                                           | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5285.47      | 0.07%             | 2034-06-08      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                   | CHL Mortgage Pass-Through Trust                                                       | CUSIP: 12669FRW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13094 | PA      | $13124.30     | 0.17%             | 2034-05-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                 | Western Midstream Operating LP                                                        | CUSIP: 04041NAA0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6324.96      | 0.08%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL WTR & SWR REVENUE                     | County of Miami-Dade Water & Sewer System Revenue                                     | CUSIP: 59334DRL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4057.11      | 0.05%             | 2042-10-01      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                       | Howard Hughes Corp.                                                                   | CUSIP: 44267DAG2<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1956.79      | 0.02%             | 2032-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                      | American Tower Corp.                                                                  | CUSIP: 03027XCR9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     10000 | PA      | $9876.92      | 0.13%             | 2032-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                   | Acrisure LLC/Acrisure Finance, Inc.                                                   | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12000 | PA      | $12186.28     | 0.15%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                    | SS&C Technologies, Inc.                                                               | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3035.50      | 0.04%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                                 | CenterPoint Energy Houston Electric LLC                                               | CUSIP: 15189XBB3<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10042.78     | 0.13%             | 2033-04-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE          | Dallas Fort Worth International Airport                                               | CUSIP: 2350368N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $3584.67      | 0.05%             | 2046-11-01      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 3140XGKR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32105 | PA      | $28906.73     | 0.37%             | 2048-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Inflation-Indexed Notes                                                 | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     34898 | PA      | $35442.67     | 0.45%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH                                 | Oklahoma Development Finance Authority                                                | CUSIP: 6789084F8<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |      7255 | PA      | $7255.40      | 0.09%             | 2033-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WENDYS FUNDING LLC                                       | Wendy's Funding LLC                                                                   | CUSIP: 95058XAH1<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |     13161 | PA      | $12639.64     | 0.16%             | 2049-06-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                          | Mid-State Capital Corp. Trust                                                         | CUSIP: 59548PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20522 | PA      | $20609.66     | 0.26%             | 2040-10-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                         | SMB Private Education Loan Trust                                                      | CUSIP: 78449XAA0<br>LEI: 549300XC4C7GRVLU6076 | Long             | ABS-O            | CORP              | US        |      4474 | PA      | $4280.90      | 0.05%             | 2053-07-15      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                            | Metropolitan Transportation Authority                                                 | CUSIP: 59259YDC0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5463.85      | 0.07%             | 2040-11-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                                     | Carpenter Technology Corp.                                                            | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5003.01      | 0.06%             | 2034-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31417Y3A3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9637 | PA      | $9646.79      | 0.12%             | 2031-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                 | New Enterprise Stone & Lime Co., Inc.                                                 | CUSIP: 644274AH5<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2974.03      | 0.04%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LMRE 2025-SFR1 Trust Issuing Entity                      | LMRE SFR1 Trust                                                                       | CUSIP: 50208WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10000 | PA      | $9689.65      | 0.12%             | 2042-12-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                          | CLI Funding VI LLC                                                                    | CUSIP: 12563LAS6<br>LEI: 549300NQLBWJD5AREU05 | Long             | ABS-O            | CORP              | US        |      8007 | PA      | $7518.91      | 0.10%             | 2045-10-18      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| PG&E WILDFIRE RECOVERY                                   | PG&E Wildfire Recovery Funding LLC                                                    | CUSIP: 693342AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $26216.76     | 0.33%             | 2047-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                  | Nissan Auto Lease Trust                                                               | CUSIP: 65479XAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $15102.89     | 0.19%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                          | DTE Electric Co.                                                                      | CUSIP: 23338VAS5<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5130.35      | 0.07%             | 2033-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                               | LAD Auto Receivables Trust                                                            | CUSIP: 501684AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $14911.77     | 0.19%             | 2031-01-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                               | MMAF Equipment Finance LLC                                                            | CUSIP: 55318CAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10000 | PA      | $10108.61     | 0.13%             | 2031-07-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SCE RECOVERY FUNDING LLC                                 | SCE Recovery Funding LLC                                                              | CUSIP: 78433LAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9820.34      | 0.12%             | 2050-09-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY NC ST FDG II                                 | Duke Energy Carolinas Nc Storm Funding II LLC                                         | CUSIP: 26443UAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29051.23     | 0.37%             | 2046-01-01      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| CLECO SECURITIZATION I                                   | Cleco Securitization I LLC                                                            | CUSIP: 185512AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9666.10      | 0.12%             | 2042-09-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                    | Genesis Energy LP/Genesis Energy Finance Corp.                                        | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $5238.46      | 0.07%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC              | BBCMS Mortgage Trust                                                                  | CUSIP: 07336WBA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20000 | PA      | $20497.26     | 0.26%             | 2057-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                                  | Aethon United BR LP/Aethon United Finance Corp.                                       | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $8357.58      | 0.11%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JERSEY NY                    | Port Authority of New York & New Jersey                                               | CUSIP: 73358WXP4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9212.89      | 0.12%             | 2045-06-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                                            | Golar LNG Ltd.                                                                        | CUSIP: 38046YAE1<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |      5000 | PA      | $5123.45      | 0.07%             | 2030-10-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CORNELL UNIVERSITY                                       | Cornell University                                                                    | CUSIP: 219207AF4<br>LEI: 549300ZZIJPNT0RZWP17 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4957.77      | 0.06%             | 2035-06-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                    | HUB International Ltd.                                                                | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34560.42     | 0.44%             | 2029-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BELLRING BRANDS INC                                      | BellRing Brands, Inc.                                                                 | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7108.47      | 0.09%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PG&E RECOVERY FND LLC                                    | PG&E Recovery Funding LLC                                                             | CUSIP: 71710TAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9987.37      | 0.13%             | 2042-06-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup, Inc.                                                                       | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9062.76      | 0.12%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                 | Healthcare Realty Holdings LP                                                         | CUSIP: 42225UAK0<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |     10000 | PA      | $9830.87      | 0.12%             | 2028-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                                     | FREMF Mortgage Trust                                                                  | CUSIP: 30307TAG8<br>LEI: 549300KQ08QVSM4XK212 | Long             | ABS-MBS          | USGSE             | US        |     20000 | PA      | $19764.14     | 0.25%             | 2050-12-25      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York                                                                      | CUSIP: 64966SSE7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9795.41      | 0.12%             | 2045-10-01      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                                       | AMN Healthcare, Inc.                                                                  | CUSIP: 00175PAD5<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4982.42      | 0.06%             | 2031-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                             | Alphabet, Inc.                                                                        | CUSIP: 02079KBM8<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9898.38      | 0.13%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| WENDYS FUNDING LLC                                       | Wendy's Funding LLC                                                                   | CUSIP: 95058XAE8<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |      4586 | PA      | $4488.50      | 0.06%             | 2048-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     30000 | PA      | $27979.69     | 0.36%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                              | Paychex, Inc.                                                                         | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10106.56     | 0.13%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                   | Santander Drive Auto Receivables Trust                                                | CUSIP: 80288JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35000 | PA      | $35001.23     | 0.44%             | 2031-09-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes                   | NRM FHT1 Excess Owner LLC                                                             | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40736 | PA      | $40792.77     | 0.52%             | 2032-03-25      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pass-Through Certifica        | FRESB Mortgage Trust                                                                  | CUSIP: 30308AAH6<br>LEI: 549300P6Y1UBYR0WQ049 | Long             | ABS-MBS          | USGSE             | US        |      6929 | PA      | $6807.79      | 0.09%             | 2027-11-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                   | Acrisure LLC/Acrisure Finance, Inc.                                                   | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $7548.22      | 0.10%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust              | Bear Stearns ARM Trust                                                                | CUSIP: 07384M6H0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6093 | PA      | $6021.99      | 0.08%             | 2035-02-25      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1                                  | SV RNO Property Owner 1 LLC                                                           | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $1962.30      | 0.02%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                 | Charles River Laboratories International, Inc.                                        | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5737.61      | 0.07%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                 | Jones Deslauriers Insurance Management, Inc.                                          | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |     11000 | PA      | $10277.57     | 0.13%             | 2033-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                        | CBRE Services, Inc.                                                                   | CUSIP: 12505BAM2<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4905.45      | 0.06%             | 2036-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                                 | FHF Issuer Trust                                                                      | CUSIP: 30339EAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10247 | PA      | $10228.42     | 0.13%             | 2030-11-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                        | Herc Holdings, Inc.                                                                   | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3966.06      | 0.05%             | 2034-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                              | RCKT Mortgage Trust                                                                   | CUSIP: 74939LAD6<br>LEI: 2549008ADDIO9CIJ8W08 | Long             | ABS-MBS          | CORP              | US        |     45000 | PA      | $44675.47     | 0.57%             | 2055-11-25      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                               | Federal National Mortgage Association                                                 | CUSIP: 31418CEF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22792 | PA      | $20508.75     | 0.26%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH  | Louisiana Local Government Environmental Facilities & Community Development Authority | CUSIP: 54627RAP5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14625.34     | 0.19%             | 2039-08-01      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                           | Mercedes-Benz Auto Lease Trust                                                        | CUSIP: 58768YAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10000 | PA      | $10063.41     | 0.13%             | 2029-04-16      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                         | Bank of Montreal                                                                      | CUSIP: 06368BGS1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $9833.48      | 0.12%             | 2032-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                             | Barclays PLC                                                                          | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     15000 | PA      | $15743.21     | 0.20%             | 2029-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC                                            | CME Group, Inc.                                                                       | CUSIP: 12572QAL9<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10029.86     | 0.13%             | 2030-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp.                                                                 | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10074.25     | 0.13%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                   | PNC Financial Services Group, Inc.                                                    | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5024.35      | 0.06%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                                 | Primo Water Holdings, Inc./Triton Water Holdings, Inc.                                | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $8009.53      | 0.10%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN UNIVERSITY                                  | Northwestern University                                                               | CUSIP: 668444AC6<br>LEI: OBWWNZE695DUK77DTI34 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4600.28      | 0.06%             | 2044-12-01      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                | Sunoco LP                                                                             | CUSIP: 86765KAL3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24537.79     | 0.31%             | 2032-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust           | Finance of America Structured Securities Trust                                        | CUSIP: 31741AAD8<br>LEI: 2549002UL0FAQKYSIR51 | Long             | ABS-MBS          | CORP              | US        |     44655 | PA      | $43375.99     | 0.55%             | 2074-11-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST STUDENT LOAN CORP EDU REVENUE          | South Carolina Student Loan Corp.                                                     | CUSIP: 83715AAJ8<br>LEI: 549300PIO3ZMSROGFF38 | Long             | DBT              | MUN               | US        |      8563 | PA      | $8234.74      | 0.10%             | 2036-10-27      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                  | FTAI Aviation Investors LLC                                                           | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2099.95      | 0.03%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO      | Metropolitan Water Reclamation District of Greater Chicago                            | CUSIP: 167560PL9<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5108.29      | 0.06%             | 2038-12-01      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                  | UDR, Inc.                                                                             | CUSIP: 90265EAU4<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |     15000 | PA      | $12320.00     | 0.16%             | 2033-03-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                                                   | CUSIP: 91282CQC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     69000 | PA      | $67177.97     | 0.85%             | 2033-02-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                               | Navient Private Education Refi Loan Trust                                             | CUSIP: 63941KAB1<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      5054 | PA      | $4880.25      | 0.06%             | 2068-11-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSUR & ANNUITY                                 | Teachers Insurance & Annuity Association of America                                   | CUSIP: 878091BG1<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |     20000 | PA      | $13317.22     | 0.17%             | 2050-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                   | Cogent Communications Group LLC/Cogent Finance, Inc.                                  | CUSIP: 19240WAB5<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4636.75      | 0.06%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Point Broadband Funding LLC                              | Point Broadband Funding LLC                                                           | CUSIP: 73052AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $20083.78     | 0.26%             | 2055-07-20      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                                 | JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings                   | CUSIP: 46590XBA3<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     10000 | PA      | $9981.70      | 0.13%             | 2037-03-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust                            | Synchrony Card Issuance Trust                                                         | CUSIP: 87166PAP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30263.20     | 0.38%             | 2031-02-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                      | New Residential Mortgage Loan Trust                                                   | CUSIP: 64828GBB5<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |     63446 | PA      | $61850.80     | 0.79%             | 2059-09-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE           | Dallas Area Rapid Transit                                                             | CUSIP: 235241WM4<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |      5000 | PA      | $3348.15      | 0.04%             | 2048-12-01      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                           | Federal National Mortgage Association-ACES                                            | CUSIP: 3136BGFQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10000 | PA      | $8848.38      | 0.11%             | 2031-07-25      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust                  | Saluda Grade Alternative Mortgage Trust                                               | CUSIP: 79584UAA9<br>LEI: 213800ETGZN4SIG56R83 | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $9898.56      | 0.13%             | 2031-03-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co.                                                                     | CUSIP: 95000U4E0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9742.65      | 0.12%             | 2037-01-23      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                          | CLI Funding VIII LLC                                                                  | CUSIP: 12565KAE7<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |     13029 | PA      | $12021.05     | 0.15%             | 2047-01-18      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE | New York City Municipal Water Finance Authority                                       | CUSIP: 64972FY34<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5025.61      | 0.06%             | 2044-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Triton Container Finance LLC                             | Triton Container Finance VIII LLC                                                     | CUSIP: 89680HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11358 | PA      | $10485.14     | 0.13%             | 2046-03-20      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                         | Taseko Mines Ltd.                                                                     | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |     11000 | PA      | $11515.31     | 0.15%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GSAMP Trust                                              | GSAMP Trust                                                                           | CUSIP: 36228FYS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38093 | PA      | $37286.35     | 0.47%             | 2033-07-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                                      | Invitation Homes Operating Partnership LP                                             | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |     10000 | PA      | $9506.89      | 0.12%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PG&E WILDFIRE RECOVERY                                   | PG&E Wildfire Recovery Funding LLC                                                    | CUSIP: 693342AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $21747.96     | 0.28%             | 2051-12-01      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                          | Mid-State Capital Corp. Trust                                                         | CUSIP: 59548PAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9545 | PA      | $9778.86      | 0.12%             | 2040-10-15      | Fixed         | 8.31%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                  | United Rentals North America, Inc.                                                    | CUSIP: 911365BS2<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2966.35      | 0.04%             | 2033-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                                   | AS Mileage Plan IP Ltd.                                                               | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     10000 | PA      | $9896.45      | 0.13%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| VELOCITY COM CAP LLC                                     | Velocity Commercial Capital LLC                                                       | CUSIP: 92259RAE5<br>LEI: 549300TA4MQM8WN2XG31 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8272.42      | 0.11%             | 2031-02-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                 | Benchmark Mortgage Trust                                                              | CUSIP: 08163LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $8769.19      | 0.11%             | 2053-12-17      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                   | Velocity Commercial Capital Loan Trust                                                | CUSIP: 922969AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84531 | PA      | $84487.59     | 1.07%             | 2055-04-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                           | Ryan Specialty LLC                                                                    | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5999.08      | 0.08%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                                 | Pattern Energy Operations LP/Pattern Energy Operations, Inc.                          | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24562.39     | 0.31%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                       | Caturus Energy LLC                                                                    | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4182.30      | 0.05%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SCE RECOVERY FUNDING LLC                                 | SCE Recovery Funding LLC                                                              | CUSIP: 78433LAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4972.82      | 0.06%             | 2045-03-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** AMERICAN BEACON FUNDS

**Signature:** Aaron Cooper

**Name of Signer:** Aaron Cooper

**Title:** Treasurer