# EDGAR Filing Document

**Accession Number:** 0000809593
**File Stem:** 0001752724-23-036978
**Filing Date:** 2023-2
**Character Count:** 40309
**Document Hash:** 242625f9a79a5f1fefa844d887f8be26
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-036978.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-036978

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN BEACON FUNDS
- **CENTRAL INDEX KEY:** 0000809593
- **IRS NUMBER:** 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:** 23658724

**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 AHL TargetRisk Fund (Series ID: S000064066)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000207200 | R5 Class       | AHTIX           |
| C000207201 | Y Class        | AHTYX           |
| C000207202 | Investor Class | AHTPX           |
| C000213182 | C Class        | AHACX           |
| C000213183 | A Class        | AHTAX           |

## 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 AHL TargetRisk Fund

- **b. EDGAR series identifier (if any):** S000064066

- **c. LEI of Series:** 549300OTXTODXR10Y134

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $449927366.84

**Total Liabilities:** $14713560.24

**Net Assets:** $435213806.60

**Amount of Assets Invested in Other Investment Companies:** $95390390.11

**Cash Not Reported:** $42517126.38

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -3.96000000 | **1-Year:** -663.88000000 | **5-Year:** -85557.41000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000207202 | 1.50%                | 3.35%                | -3.69%               |
| Class ID C000213183 | 1.50%                | 3.36%                | -3.64%               |
| Class ID C000207200 | 1.59%                | 3.33%                | -3.68%               |
| Class ID C000207201 | 1.59%                | 3.23%                | -3.61%               |
| Class ID C000213182 | 1.43%                | 3.33%                | -3.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-423495.02              | $2127428.90                                |
| Month 2  | $-972910.21              | $1800906.95                                |
| Month 3  | $-1672100.66             | $-488924.83                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FRANCE (GOVT OF)                                 | French Republic Government Bonds OAT           | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |  10348820 | PA      | $10610095.16  | 2.44%             | 2031-07-25      | Fixed         | 0.10%                 | Yes           |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-3321.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Euronext Eqf, Equities And Indices Derivatives   | Future                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | NL        |        30 | NC      | $-230667.22   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased GBP / Sold USD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |         1 | NC      | $-5343.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                              | Future                                         | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |       170 | NC      | $-704408.12   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                | Future                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       120 | NC      | $-1060661.32  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Korea Exchange (Futures Market)                  | Future                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | KR        |         3 | NC      | $-1911.34     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold JPY                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1025.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures Europe - Financial Products Division | Future                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |        71 | NC      | $-565304.55   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Euronext N.V.                                    | Future                                         | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | N/A              | DE               |  | FR        |        71 | NC      | $-196310.45   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Stockholm AB                              | Future                                         | CUSIP: 000000000<br>LEI: 549300KBQIVNEJEZVL96 | N/A              | DE               |  | SE        |       276 | NC      | $-205432.31   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division | Future                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |       131 | NC      | $-5676.56     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-3055.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold JPY                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-2611.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-6267.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Swap                                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  59043654 | OU      | $-3271810.38  | -0.75%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-4530.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold JPY                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-307.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Futures Exchange Ltd.                  | Future                                         | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | N/A              | DE               |  | HK        |        78 | NC      | $28216.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| South African Futures Exchange                   | Future                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | ZA        |        33 | NC      | $-44761.24    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Italian Derivatives Market                       | Future                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | IT        |        36 | NC      | $-162514.09   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold AUD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-2073.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                            | CUSIP: 912796YK9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19846771.60  | 4.56%             | 2023-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        16 | NC      | $-226132.35   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                            | CUSIP: 912796YN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4945750.00   | 1.14%             | 2023-04-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | Future                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       124 | NC      | $-354366.34   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                | Future                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        86 | NC      | $-774714.11   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased EUR / Sold USD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $12939.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited  | Future                                         | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |        19 | NC      | $3765.46      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                            | CUSIP: 912796W47<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40000000 | PA      | $39322843.60  | 9.04%             | 2023-05-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold AUD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-2702.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold GBP                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $255819.95    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                            | CUSIP: 912796ZE2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  62000000 | PA      | $60999035.42  | 14.02%            | 2023-05-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-4393.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold JPY                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-7972.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited  | Future                                         | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |       107 | NC      | $-5840.32     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-206892.61   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| FORWARDS STATE STREET COC USD                    | Collateral Position                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | GB        |   6160000 | NS      | $6160000.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold GBP                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-341.74      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold GBP                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $6756.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | Future                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        44 | NC      | $-588851.80   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased GBP / Sold USD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |         1 | NC      | $-34513.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold CAD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1280.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Swap                                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |  80000000 | OU      | $637727.20    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | Future                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       383 | NC      | $-269678.04   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| ASX Clear (Futures)                              | Future                                         | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |         5 | NC      | $-4112.71     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Exchange                                   | Future                                         | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |       122 | NC      | $-488261.93   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| FORWARDS JP MORGAN COC                           | Collateral Position                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  10490000 | NS      | $10490000.00  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold GBP                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $3124.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal       | Future                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |        79 | NC      | $-172191.68   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| UNITED KINGDOM I/L GILT                          | U.K. Inflation-Linked Gilts                    | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |   8485820 | PA      | $10265779.85  | 2.36%             | 2031-08-10      | Fixed         | 0.12%                 | Yes           |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold SEK                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $469.54       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                              | Future                                         | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |        76 | NC      | $-204766.72   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | Future                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         7 | NC      | $-3096.81     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | Future                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       103 | NC      | $-176537.32   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold CAD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1752.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Futures Exchange Ltd.                  | Future                                         | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | N/A              | DE               |  | HK        |        30 | NC      | $34286.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold CAD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-733.13      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold JPY                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1421.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased EUR / Sold USD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $3500.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                            | CUSIP: 912796U31<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50000000 | PA      | $49534627.00  | 11.38%            | 2023-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-2093.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited  | Future                                         | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |       108 | NC      | $-698001.28   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| SWAP CCPC GOLDMAN SACHS COC                      | Collateral Position                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1200000 | NS      | $1200000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold CAD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-355.66      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Swap                                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |  25000000 | OU      | $266321.45    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                            | CUSIP: 912796ZF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19644092.80  | 4.51%             | 2023-05-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased EUR / Sold USD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $15215.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        71 | NC      | $-659162.84   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Swap                                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |  35000000 | OU      | $204423.10    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased HKD / Sold USD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | HK        |         1 | NC      | $-3977.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Swap                                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   5000000 | OU      | $-53264.29    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       229 | NC      | $-364564.09   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1048.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         4 | NC      | $-18187.51    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold CAD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1956.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | Future                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         3 | NC      | $-13028.21    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased EUR / Sold USD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $4285.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | Future                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         2 | NC      | $718.43       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1706.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold ZAR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1244.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Swap                                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |  65000000 | OU      | $297713.52    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                            | CUSIP: 912796ZQ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3914414.44   | 0.90%             | 2023-06-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        12 | NC      | $-307948.92   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold HKD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $215.97       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        16 | NC      | $-12463.34    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | Future                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       102 | NC      | $-590027.90   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1601.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Korea Exchange (Futures Market)                  | Future                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | KR        |        85 | NC      | $-228000.89   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited  | Future                                         | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |        54 | NC      | $-15717.53    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes          | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17434350 | PA      | $15986027.64  | 3.67%             | 2032-07-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold JPY                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1348.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                            | CUSIP: 912796ZP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  75000000 | PA      | $73534250.25  | 16.90%            | 2023-06-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal       | Future                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |        75 | NC      | $-442501.01   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold EUR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-237537.73   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited  | Future                                         | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |       338 | NC      | $35436.77     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Exchange (Futures Market)                  | Future                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | KR        |       106 | NC      | $-305371.37   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold SGD                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-221.61      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | Purchased USD / Sold SEK                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $684.09       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHLAND I/L BOND                             | Deutsche Bundesrepublik Bonds Inflation-Linked | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |  11556100 | PA      | $12151795.60  | 2.79%             | 2033-04-15      | Fixed         | 0.10%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes          | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15830250 | PA      | $14767582.57  | 3.39%             | 2027-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                            | CUSIP: 912796YU7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40000000 | PA      | $39548333.20  | 9.09%             | 2023-04-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Swap                                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   5000000 | OU      | $-29203.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Exchange                                   | Future                                         | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DIR              |  | JP        |        28 | NC      | $-560034.27   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                            | CUSIP: 912796YB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8000000 | PA      | $7945365.60   | 1.83%             | 2023-03-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** AMERICAN BEACON FUNDS

**Signature:** Sonia Bates

**Name of Signer:** Sonia Bates

**Title:** Treasurer