# EDGAR Filing Document

**Accession Number:** 0000809593
**File Stem:** 0001752724-23-036981
**Filing Date:** 2023-2
**Character Count:** 17641
**Document Hash:** 48f1738f3745fe8abca7b6de842f0abb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-036981.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-036981

**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:** 23658735

**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 Core Fund (Series ID: S000070164)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000223146 | R6 Class     | AHTRX           |
| C000223147 | Y Class      | AABYX           |
| C000223148 | A Class      | AAHAX           |
| C000223149 | C Class      | AAECX           |

## 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 Core Fund

- **b. EDGAR series identifier (if any):** S000070164

- **c. LEI of Series:** 549300LO378E2F1YRS90

**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:** $9567789.37

**Total Liabilities:** $82561.47

**Net Assets:** $9485227.90

**Cash Not Reported:** $1121342.27

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223146 | 1.01%                | 3.00%                | -3.78%               |
| Class ID C000223148 | 0.89%                | 2.90%                | -3.82%               |
| Class ID C000223147 | 0.88%                | 3.01%                | -3.79%               |
| Class ID C000223149 | 0.77%                | 2.94%                | -3.87%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4286.22                 | $-8442.22                                  |
| Month 2  | $-5252.36                | $6481.94                                   |
| Month 3  | $-824.62                 | $7479.35                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Euronext Eqf, Equities And Indices Derivatives   | Future                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | NL        |         1 | NC      | $-6877.36     | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| ASX Clear (Futures)                              | Future                   | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |         6 | NC      | $-25301.80    | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                | Future                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         5 | NC      | $-45080.62    | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division | Future                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         3 | NC      | $-22819.02    | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Euronext N.V.                                    | Future                   | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | N/A              | DE               |  | FR        |         2 | NC      | $-5485.66     | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Stockholm AB                              | Future                   | CUSIP: 000000000<br>LEI: 549300KBQIVNEJEZVL96 | N/A              | DE               |  | SE        |        11 | NC      | $-8243.39     | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division | Future                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |         5 | NC      | $-427.03      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Futures Exchange Ltd.                  | Future                   | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | N/A              | DE               |  | HK        |         2 | NC      | $666.24       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| South African Futures Exchange                   | Future                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | ZA        |         1 | NC      | $-925.85      | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Italian Derivatives Market                       | Future                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | IT        |         1 | NC      | $-4653.21     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills      | CUSIP: 912796YK9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1650000 | PA      | $1637358.66   | 17.26%            | 2023-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |         1 | NC      | $-14527.93    | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | Future                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         5 | NC      | $-16281.25    | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                | Future                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         4 | NC      | $-37492.48    | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills      | CUSIP: 912796W47<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1474606.64   | 15.55%            | 2023-05-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited  | Future                   | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |         3 | NC      | $-208.02      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills      | CUSIP: 912796XR5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1300000 | PA      | $1298871.43   | 13.69%            | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | Future                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         1 | NC      | $-14733.00    | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | Future                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        17 | NC      | $-12625.02    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Exchange                                   | Future                   | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |         4 | NC      | $-15942.08    | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal       | Future                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |         3 | NC      | $-6782.54     | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| ASX Clear (Futures)                              | Future                   | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |         2 | NC      | $-5391.29     | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | Future                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         5 | NC      | $-6546.88     | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Futures Exchange Ltd.                  | Future                   | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | N/A              | DE               |  | HK        |         1 | NC      | $1467.02      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills      | CUSIP: 912796S34<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1300000 | PA      | $1296777.03   | 13.67%            | 2023-01-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited  | Future                   | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |         3 | NC      | $-19820.64    | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills      | CUSIP: 912796ZF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1600000 | PA      | $1571527.42   | 16.57%            | 2023-05-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills      | CUSIP: 912796XT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1495240.83   | 15.76%            | 2023-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         3 | NC      | $-29221.29    | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                | Future                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |         7 | NC      | $-11360.87    | -0.12%            |  |  |  | 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      | $-2590.74     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | Future                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |         1 | NC      | $-117.40      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | Future                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         3 | NC      | $-19010.00    | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Korea Exchange (Futures Market)                  | Future                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | KR        |         3 | NC      | $-8058.52     | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited  | Future                   | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |         1 | NC      | $-530.00      | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal       | Future                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |         2 | NC      | $-12106.72    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited  | Future                   | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |         8 | NC      | $918.79       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Exchange (Futures Market)                  | Future                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | KR        |         3 | NC      | $-8734.68     | -0.09%            |  |  |  | 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      | $464.89       | 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      | $-646.64      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Exchange                                   | Future                   | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DIR              |  | JP        |         1 | NC      | $-19792.34    | -0.21%            |  |  |  | No            |                  1 | 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