# EDGAR Filing Document

**Accession Number:** 0000809593
**File Stem:** 0001410368-26-034093
**Filing Date:** 2026-3
**Character Count:** 312408
**Document Hash:** 03438fd5be97f69d440e5dbac13f806f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-034093.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0001410368-26-034093

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20261031

**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:** 26817668

**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 Small Cap Value Fund (Series ID: S000001818)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000004768 | R5 Class       | AVFIX           |
| C000004769 | Investor Class | AVPAX           |
| C000004770 | Advisor Class  | AASSX           |
| C000079123 | Y Class        | ABSYX           |
| C000089424 | A Class        | ABSAX           |
| C000092341 | C Class        | ASVCX           |
| C000180103 | R6 Class       | AASRX           |

## 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: October 31, 2026** 

**Date of reporting period: January 31, 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 Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 54.9% |  |  |
|  **Communication Services - 2.7%** |  |  |
|  **Diversified Telecommunication Services - 0.8%** |  |  |
|  Comcast Corp., Class A | 29390 | $**874352** |
|  **Interactive Media & Services - 1.4%** |  |  |
|  Alphabet, Inc., Class A | 4506 | **1523028** |
|  **Media - 0.5%** |  |  |
|  Omnicom Group, Inc. | 5886 | 453457 |
|  Versant Media Group, Inc.<sup>A</sup> | 1175 | 38282 |
|  |  | **491739** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** |  | **2889119** |
|  **Consumer Discretionary - 4.6%** |  |  |
|  **Automobile Components - 1.2%** |  |  |
|  Aptiv PLC<sup>A</sup> | 14592 | 1105344 |
|  BorgWarner, Inc. | 3500 | 165935 |
|  |  | **1271279** |
|  **Automobiles - 0.8%** |  |  |
|  General Motors Co. | 9642 | **809928** |
|  **Distributors - 0.2%** |  |  |
|  Genuine Parts Co. | 1800 | **250182** |
|  **Hotels, Restaurants & Leisure - 2.0%** |  |  |
|  Carnival Corp.<sup>A</sup> | 49006 | 1471160 |
|  Wynn Resorts Ltd. | 6856 | 736677 |
|  |  | **2207837** |
|  **Household Durables - 0.3%** |  |  |
|  Lennar Corp., Class A | 2701 | **295354** |
|  **Specialty Retail - 0.1%** |  |  |
|  Lithia Motors, Inc. | 490 | **158486** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | **4993066** |
|  **Consumer Staples - 2.2%** |  |  |
|  **Beverages - 1.1%** |  |  |
|  Constellation Brands, Inc., Class A | 2200 | 344740 |
|  Keurig Dr. Pepper, Inc. | 31527 | 865101 |
|  |  | **1209841** |
|  **Food Products - 1.1%** |  |  |
|  Conagra Brands, Inc. | 7200 | 133272 |
|  J.M. Smucker Co. | 2400 | 251664 |
|  Kraft Heinz Co. | 17600 | 417824 |
|  Mondelez International, Inc., Class A | 6000 | 350820 |
|  |  | **1153580** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | **2363421** |
|  **Energy - 5.3%** |  |  |
|  **Energy Equipment & Services - 1.3%** |  |  |
|  Halliburton Co. | 13612 | 456274 |
|  NOV, Inc. | 20900 | 383515 |
|  SLB Ltd. | 10760 | 520569 |
|  |  | **1360358** |
|  **Oil, Gas & Consumable Fuels - 4.0%** |  |  |
|  APA Corp. | 36314 | 959053 |

---

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 54.9% (continued) |  |  |
|  **Energy - 5.3% (continued)** |  |  |
|  **Oil, Gas & Consumable Fuels - 4.0% (continued)** |  |  |
|  Chevron Corp. | 4221 | $746695 |
|  ConocoPhillips | 2536 | 264327 |
|  Exxon Mobil Corp. | 6796 | 960954 |
|  Murphy Oil Corp. | 2000 | 60180 |
|  Ovintiv, Inc. | 8900 | 386883 |
|  Permian Resources Corp. | 28051 | 452463 |
|  Shell PLC, ADR | 6935 | 534203 |
|  |  | **4364758** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | **5725116** |
|  **Financials - 11.6%** |  |  |
|  **Banks - 5.4%** |  |  |
|  Bank of America Corp. | 27224 | 1448317 |
|  Citigroup, Inc. | 8157 | 943846 |
|  Citizens Financial Group, Inc. | 5568 | 350673 |
|  First Citizens BancShares, Inc., Class A | 170 | 351827 |
|  Truist Financial Corp. | 7100 | 365082 |
|  U.S. Bancorp | 12700 | 712597 |
|  Wells Fargo & Co. | 11945 | 1080903 |
|  Western Alliance Bancorp | 6670 | 594630 |
|  |  | **5847875** |
|  **Capital Markets - 1.0%** |  |  |
|  LPL Financial Holdings, Inc. | 1403 | 511394 |
|  State Street Corp. | 4676 | 611901 |
|  |  | **1123295** |
|  **Consumer Finance - 1.2%** |  |  |
|  American Express Co. | 1796 | 632497 |
|  Capital One Financial Corp. | 1505 | 329490 |
|  SLM Corp. | 12045 | 327022 |
|  |  | **1289009** |
|  **Financial Services - 2.1%** |  |  |
|  Berkshire Hathaway, Inc., Class B<sup>A</sup> | 1849 | 888500 |
|  Corebridge Financial, Inc. | 10500 | 323715 |
|  Fidelity National Information Services, Inc. | 14468 | 799357 |
|  Fiserv, Inc.<sup>A</sup> | 3600 | 229428 |
|  |  | **2241000** |
|  **Insurance - 1.9%** |  |  |
|  American International Group, Inc. | 16547 | 1239039 |
|  Everest Group Ltd. | 816 | 270325 |
|  Hartford Insurance Group, Inc. | 1740 | 235004 |
|  Willis Towers Watson PLC | 923 | 293025 |
|  |  | **2037393** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | **12538572** |
|  **Health Care - 7.5%** |  |  |
|  **Health Care Equipment & Supplies - 2.5%** |  |  |
|  GE HealthCare Technologies, Inc. | 14861 | 1173573 |
|  Medtronic PLC | 11675 | 1202058 |
|  Solventum Corp.<sup>A</sup> | 270 | 20782 |
|  Zimmer Biomet Holdings, Inc. | 3772 | 328428 |
|  |  | **2724841** |
|  **Health Care Providers & Services - 3.1%** |  |  |
|  Centene Corp.<sup>A</sup> | 3460 | 149887 |
|  Cigna Group | 550 | 150760 |

---

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 54.9% (continued) |  |  |
|  **Health Care - 7.5% (continued)** |  |  |
|  **Health Care Providers & Services - 3.1% (continued)** |  |  |
|  CVS Health Corp. | 3030 | $225796 |
|  Elevance Health, Inc. | 3028 | 1046901 |
|  HCA Healthcare, Inc. | 520 | 253900 |
|  Humana, Inc. | 1510 | 294752 |
|  Labcorp Holdings, Inc. | 1200 | 325824 |
|  UnitedHealth Group, Inc. | 3150 | 903830 |
|  |  | **3351650** |
|  **Life Sciences Tools & Services - 0.3%** |  |  |
|  Avantor, Inc.<sup>A</sup> | 33297 | **363603** |
|  **Pharmaceuticals - 1.6%** |  |  |
|  GSK PLC, ADR | 3354 | 173066 |
|  Merck & Co., Inc. | 9046 | 997503 |
|  Sanofi SA, ADR | 10622 | 499659 |
|  |  | **1670228** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** |  | **8110322** |
|  **Industrials - 6.2%** |  |  |
|  **Aerospace & Defense - 0.5%** |  |  |
|  Boeing Co.<sup>A</sup> | 1430 | 334220 |
|  General Dynamics Corp. | 700 | 245763 |
|  |  | **579983** |
|  **Air Freight & Logistics - 0.8%** |  |  |
|  FedEx Corp. | 2530 | **815293** |
|  **Building Products - 0.9%** |  |  |
|  Johnson Controls International PLC | 8083 | **963979** |
|  **Construction & Engineering - 0.3%** |  |  |
|  AECOM | 2498 | 240882 |
|  Fluor Corp.<sup>A</sup> | 2300 | 106237 |
|  |  | **347119** |
|  **Electrical Equipment - 0.4%** |  |  |
|  Vertiv Holdings Co., Class A | 2480 | **461726** |
|  **Ground Transportation - 0.7%** |  |  |
|  JB Hunt Transport Services, Inc. | 2361 | 478622 |
|  Norfolk Southern Corp. | 860 | 250466 |
|  |  | **729088** |
|  **Machinery - 2.6%** |  |  |
|  CNH Industrial NV | 45080 | 485061 |
|  Cummins, Inc. | 682 | 394755 |
|  Deere & Co. | 520 | 274560 |
|  Fortive Corp. | 14303 | 755341 |
|  PACCAR, Inc. | 4758 | 584806 |
|  Stanley Black & Decker, Inc. | 2300 | 180918 |
|  Timken Co. | 1900 | 177061 |
|  |  | **2852502** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  | **6749690** |
|  **Information Technology - 7.4%** |  |  |
|  **Communications Equipment - 1.3%** |  |  |
|  F5, Inc.<sup>A</sup> | 5270 | **1452465** |

---

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 54.9% (continued) |  |  |
|  **Information Technology - 7.4% (continued)** |  |  |
|  **Electronic Equipment, Instruments & Components - 0.1%** |  |  |
|  CDW Corp. | 400 | $**50556** |
|  **IT Services - 0.6%** |  |  |
|  Cognizant Technology Solutions Corp., Class A | 8015 | **657711** |
|  **Semiconductors & Semiconductor Equipment - 2.5%** |  |  |
|  Entegris, Inc. | 8611 | 1016701 |
|  Microchip Technology, Inc. | 12533 | 951505 |
|  QUALCOMM, Inc. | 4699 | 712322 |
|  |  | **2680528** |
|  **Software - 2.5%** |  |  |
|  Oracle Corp. | 2927 | 481725 |
|  Salesforce, Inc. | 3600 | 764244 |
|  Workday, Inc., Class A<sup>A</sup> | 8390 | 1473536 |
|  |  | **2719505** |
|  **Technology Hardware, Storage & Peripherals - 0.4%** |  |  |
|  Hewlett Packard Enterprise Co. | 19666 | **423212** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | **7983977** |
|  **Materials - 2.6%** |  |  |
|  **Chemicals - 2.0%** |  |  |
|  Air Products & Chemicals, Inc. | 2712 | 739020 |
|  Axalta Coating Systems Ltd.<sup>A</sup> | 17482 | 587046 |
|  Olin Corp. | 9300 | 193533 |
|  PPG Industries, Inc. | 6100 | 705343 |
|  |  | **2224942** |
|  **Metals & Mining - 0.6%** |  |  |
|  Freeport-McMoRan, Inc. | 10139 | **610672** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** |  | **2835614** |
|  **Real Estate - 1.3%** |  |  |
|  **Industrial REITs - 0.3%** |  |  |
|  Prologis, Inc. | 2715 | **354470** |
|  **Specialized REITs - 1.0%** |  |  |
|  Public Storage | 1651 | 455990 |
|  VICI Properties, Inc. | 19760 | 554861 |
|  |  | **1010851** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate** |  | **1365321** |
|  **Utilities - 3.5%** |  |  |
|  **Electric Utilities - 2.8%** |  |  |
|  Entergy Corp. | 8551 | 819955 |
|  PG&E Corp. | 31137 | 480133 |
|  Pinnacle West Capital Corp. | 7593 | 710401 |
|  PPL Corp. | 6947 | 251829 |
|  Xcel Energy, Inc. | 10253 | 779843 |
|  |  | **3042161** |

---

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 54.9% (continued) |  |  |
|  **Utilities - 3.5% (continued)** |  |  |
|  **Multi-Utilities - 0.7%** |  |  |
|  Dominion Energy, Inc. | 12200 | $**734074** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  | **3776235** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stocks (Cost $44,267,814)** |  | **59330453** |
|  | **Principal Amount** |  |
|  CORPORATE OBLIGATIONS - 11.0% |  |  |
|  **Communications - 1.6%** |  |  |
|  **Internet - 0.5%** |  |  |
|  Amazon.com, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.200%, Due 6/3/2027 | $250000 | 242412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.650%, Due 12/1/2029 | 250000 | 256496 |
|  |  | **498908** |
|  **Media - 0.6%** |  |  |
|  Charter Communications Operating LLC/Charter Communications Operating Capital, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.484%, Due 10/23/2045 | 30000 | 28235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, Due 4/1/2048 | 115000 | 98938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850%, Due 4/1/2061 | 85000 | 51155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950%, Due 6/30/2062 | 85000 | 51884 |
|  Comcast Corp., 6.550%, Due 7/1/2039 | 217000 | 237175 |
|  Cox Communications, Inc., 5.950%, Due 9/1/2054<sup>B</sup> | 265000 | 232690 |
|  |  | **700077** |
|  **Telecommunications - 0.5%** |  |  |
|  AT&T, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700%, Due 11/1/2054 | 80000 | 76387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650%, Due 9/15/2059 | 80000 | 52787 |
|  T-Mobile USA, Inc., 5.850%, Due 2/15/2056 | 190000 | 187362 |
|  Verizon Communications, Inc., 4.780%, Due 2/15/2035 | 181000 | 177638 |
|  |  | **494174** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communications** |  | **1693159** |
|  **Consumer, Cyclical - 0.8%** |  |  |
|  **Retail - 0.8%** |  |  |
|  Home Depot, Inc., 2.950%, Due 6/15/2029 | 500000 | 484924 |
|  Walmart, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375%, Due 9/24/2029 | 150000 | 142924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.550%, Due 2/15/2030 | 169000 | 191958 |
|  |  | **819806** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer, Cyclical** |  | **819806** |
|  **Consumer, Non-Cyclical - 0.3%** |  |  |
|  **Beverages - 0.3%** |  |  |
|  PepsiCo, Inc., 4.450%, Due 5/15/2028 | 300000 | **304679** |
|  **Energy - 0.3%** |  |  |
|  **Oil & Gas - 0.1%** |  |  |
|  BP Capital Markets PLC, 6.450%, Due 12/1/2033, (5 yr. CMT + 2.153%)<sup>C D</sup> | 150000 | **159208** |

---

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  CORPORATE OBLIGATIONS - 11.0% (continued) |  |  |
|  **Energy - 0.3% (continued)** |  |  |
|  **Pipelines - 0.2%** |  |  |
|  ONEOK Partners LP, 6.850%, Due 10/15/2037 | $45000 | $49868 |
|  ONEOK, Inc., 5.700%, Due 11/1/2054 | 80000 | 74751 |
|  Sempra Infrastructure Partners LP, 3.250%, Due 1/15/2032<sup>B</sup> | 65000 | 57505 |
|  |  | **182124** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | **341332** |
|  **Financial - 2.6%** |  |  |
|  **Banks - 1.6%** |  |  |
|  Bank of America Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.734%, Due 7/22/2027, (1 day USD SOFR + 0.960%)<sup>C</sup> | 350000 | 346333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.110%, Due 1/29/2037 | 176000 | 188453 |
|  Citigroup, Inc., 5.875%, Due 1/30/2042 | 145000 | 152345 |
|  Fifth Third Bank NA, 2.250%, Due 2/1/2027 | 250000 | 246245 |
|  JPMorgan Chase & Co., 5.500%, Due 10/15/2040 | 313000 | 325188 |
|  PNC Financial Services Group, Inc., 2.550%, Due 1/22/2030 | 500000 | 470722 |
|  |  | **1729286** |
|  **Insurance - 1.0%** |  |  |
|  Berkshire Hathaway Finance Corp., 2.300%, Due 3/15/2027 | 300000 | 295501 |
|  Fidelity National Financial, Inc., 3.200%, Due 9/17/2051 | 55000 | 35082 |
|  Markel Group, Inc., 5.000%, Due 5/20/2049 | 100000 | 88798 |
|  MetLife, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, Due 6/15/2034 | 169000 | 187726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.721%, Due 12/15/2044 | 193000 | 173115 |
|  Prudential Financial, Inc., 4.600%, Due 5/15/2044 | 313000 | 278910 |
|  |  | **1059132** |
|  **REITS - 0.0%** |  |  |
|  Public Storage Operating Co., 2.250%, Due 11/9/2031 | 45000 | **40261** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financial** |  | **2828679** |
|  **Industrial - 1.2%** |  |  |
|  **Aerospace/Defense - 0.2%** |  |  |
|  RTX Corp., 6.125%, Due 7/15/2038 | 217000 | **237680** |
|  **Machinery - Construction & Mining - 0.2%** |  |  |
|  Caterpillar Financial Services Corp., 4.375%, Due 8/16/2029 | 200000 | **202995** |
|  **Machinery - Diversified - 0.4%** |  |  |
|  John Deere Capital Corp., 2.450%, Due 1/9/2030 | 500000 | **473959** |
|  **Transportation - 0.4%** |  |  |
|  Burlington Northern Santa Fe LLC, 5.750%, Due 5/1/2040 | 202000 | 212808 |
|  CSX Corp., 5.500%, Due 4/15/2041 | 157000 | 160548 |
|  |  | **373356** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrial** |  | **1287990** |
|  **Technology - 1.9%** |  |  |
|  **Computers - 1.3%** |  |  |
|  Apple, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.400%, Due 8/5/2028 | 200000 | 189352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.200%, Due 9/11/2029 | 300000 | 283674 |
|  Hewlett Packard Enterprise Co., 6.350%, Due 10/15/2045 | 500000 | 509124 |
|  International Business Machines Corp., 4.250%, Due 5/15/2049 | 500000 | 403661 |
|  |  | **1385811** |

---

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  CORPORATE OBLIGATIONS - 11.0% (continued) |  |  |
|  **Technology - 1.9% (continued)** |  |  |
|  **Semiconductors - 0.6%** |  |  |
|  Foundry JV Holdco LLC, 6.300%, Due 1/25/2039<sup>B</sup> | $200000 | $212875 |
|  NVIDIA Corp., 1.550%, Due 6/15/2028 | 500000 | 476072 |
|  |  | **688947** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Technology** |  | **2074758** |
|  **Utilities - 2.3%** |  |  |
|  **Electric - 2.3%** |  |  |
|  Appalachian Power Co., 4.500%, Due 3/1/2049, Y | 210000 | 173050 |
|  Berkshire Hathaway Energy Co., 6.125%, Due 4/1/2036 | 235000 | 254680 |
|  Consolidated Edison Co. of New York, Inc., 5.500%, Due 12/1/2039, 09-C | 169000 | 172850 |
|  Dominion Energy, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, Due 2/1/2055, A, (5 yr. CMT + 2.386%)<sup>C</sup> | 115000 | 119766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, Due 5/15/2055, (5 yr. CMT + 2.207%)<sup>C</sup> | 175000 | 179924 |
|  Duke Energy Carolinas LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, Due 3/15/2035 | 55000 | 56661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 1/15/2038 | 40000 | 43062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.050%, Due 4/15/2038 | 115000 | 124779 |
|  Duke Energy Corp., 5.800%, Due 6/15/2054 | 95000 | 93871 |
|  Duke Energy Progress LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150%, Due 12/1/2044 | 75000 | 62522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200%, Due 8/15/2045 | 30000 | 24971 |
|  Duke Energy Progress NC Storm Funding LLC, 2.387%, Due 7/1/2039, A-2 | 265000 | 227406 |
|  Entergy Arkansas LLC, 5.750%, Due 1/15/2056 | 80000 | 80093 |
|  Entergy Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800%, Due 6/15/2030 | 30000 | 28132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, Due 12/1/2054, (5 yr. CMT + 2.670%)<sup>C</sup> | 45000 | 47112 |
|  PacifiCorp, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150%, Due 2/15/2050 | 125000 | 93659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350%, Due 12/1/2053 | 95000 | 83770 |
|  Public Service Enterprise Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450%, Due 4/1/2034 | 45000 | 46398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400%, Due 3/15/2035 | 70000 | 71950 |
|  Sempra, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.400%, Due 10/1/2054, (5 yr. CMT + 2.632%)<sup>C</sup> | 135000 | 136568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, Due 10/1/2054, (5 yr. CMT + 2.789%)<sup>C</sup> | 100000 | 102505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.550%, Due 4/1/2055, (5 yr. CMT + 2.138%)<sup>C</sup> | 45000 | 45805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, Due 4/1/2055, (5 yr. CMT + 2.354%)<sup>C</sup> | 80000 | 81151 |
|  System Energy Resources, Inc., 5.300%, Due 12/15/2034 | 145000 | 146445 |
|  |  | **2497130** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  | **2497130** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Obligations (Cost $12,104,400)** |  | **11847533** |
|  FOREIGN CORPORATE OBLIGATIONS - 2.9% |  |  |
|  **Communications - 0.3%** |  |  |
|  **Telecommunications - 0.3%** |  |  |
|  America Movil SAB de CV, 6.375%, Due 3/1/2035 | 169000 | 185530 |
|  Deutsche Telekom International Finance BV, 4.875%, Due 3/6/2042<sup>B</sup> | 150000 | 138917 |
|  |  | **324447** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communications** |  | **324447** |
|  **Consumer, Cyclical - 0.3%** |  |  |
|  **Auto Manufacturers - 0.3%** |  |  |
|  Mercedes-Benz Finance North America LLC, 5.250%, Due 11/29/2027<sup>B</sup> | 350000 | **358103** |
|  **Consumer, Non-Cyclical - 1.4%** |  |  |
|  **Agriculture - 0.4%** |  |  |
|  BAT Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 2/20/2034 | 35000 | 37408 |

---

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  FOREIGN CORPORATE OBLIGATIONS - 2.9% (continued) |  |  |
|  **Consumer, Non-Cyclical - 1.4% (continued)** |  |  |
|  **Agriculture - 0.4% (continued)** |  |  |
|  BAT Capital Corp., (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.540%, Due 8/15/2047 | $260000 | $215935 |
|  Reynolds American, Inc., 5.700%, Due 8/15/2035 | 175000 | 182059 |
|  |  | **435402** |
|  **Beverages - 0.5%** |  |  |
|  Anheuser-Busch InBev Worldwide, Inc., 5.450%, Due 1/23/2039 | 500000 | **515257** |
|  **Pharmaceuticals - 0.5%** |  |  |
|  Bayer U.S. Finance II LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950%, Due 4/15/2045<sup>B</sup> | 245000 | 184504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700%, Due 7/15/2064<sup>B</sup> | 200000 | 154003 |
|  Bayer U.S. Finance LLC, 6.125%, Due 11/21/2026<sup>B</sup> | 200000 | 202835 |
|  |  | **541342** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer, Non-Cyclical** |  | **1492001** |
|  **Energy - 0.5%** |  |  |
|  **Oil & Gas - 0.4%** |  |  |
|  Saudi Arabian Oil Co., 4.375%, Due 4/16/2049<sup>B</sup> | 500000 | **407500** |
|  **Pipelines - 0.1%** |  |  |
|  TransCanada PipeLines Ltd., 6.100%, Due 6/1/2040 | 82000 | **86354** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | **493854** |
|  **Financial - 0.4%** |  |  |
|  **Banks - 0.1%** |  |  |
|  HBOS PLC, 6.000%, Due 11/1/2033<sup>B</sup> | 80000 | **84046** |
|  **Diversified Financial Services - 0.1%** |  |  |
|  AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 6.950%, Due 3/10/2055, (5 yr. CMT + 2.720%)<sup>C</sup> | 150000 | **157029** |
|  **Insurance - 0.2%** |  |  |
|  Fairfax Financial Holdings Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.350%, Due 3/22/2054 | 200000 | 209320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.100%, Due 3/15/2055 | 35000 | 35274 |
|  |  | **244594** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financial** |  | **485669** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Corporate Obligations (Cost $3,143,925)** |  | **3154074** |
|  FOREIGN SOVEREIGN OBLIGATIONS - 0.3% (Cost $284,230) |  |  |
|  Mexico Government International Bonds, 3.771%, Due 5/24/2061 | 450000 | **274072** |
|  ASSET-BACKED OBLIGATIONS - 1.1% |  |  |
|  AmeriCredit Automobile Receivables Trust, 4.120%, Due 5/20/2030, 2025-1 A3<sup>B</sup> | 75000 | 75302 |
|  CNH Equipment Trust, 5.420%, Due 10/15/2027, 2024-B A2A | 2706 | 2708 |
|  Compass Datacenters Issuer III LLC, 5.656%, Due 2/25/2050, 2025-1A A2<sup>B</sup> | 75000 | 75768 |
|  Ford Credit Auto Owner Trust, 1.530%, Due 5/15/2034, 2021-2 A<sup>B</sup> | 110000 | 108009 |
|  GM Financial Consumer Automobile Receivables Trust, 4.620%, Due 12/17/2029, 2025-1 A3 | 90000 | 90935 |
|  GM Financial Revolving Receivables Trust, 1.170%, Due 6/12/2034, 2021-1 A<sup>B</sup> | 90000 | 88518 |
|  Honda Auto Receivables Owner Trust, 4.570%, Due 9/21/2029, 2025-1 A3 | 85000 | 85921 |
|  John Deere Owner Trust, 3.740%, Due 2/16/2027, 2022-B A3 | 7859 | 7858 |
|  New Economy Assets - Phase 1 Sponsor LLC, 1.910%, Due 10/20/2061, 2021-1 A1<sup>B</sup> | 125000 | 104984 |
|  Porsche Financial Auto Securitization Trust, 4.440%, Due 1/22/2030, 2024-1A A3<sup>B</sup> | 165000 | 165809 |
|  Porsche Innovative Lease Owner Trust, 4.670%, Due 11/22/2027, 2024-1A A3<sup>B</sup> | 100000 | 100304 |
|  Taco Bell Funding LLC, 2.294%, Due 8/25/2051, 2021-1A A2II<sup>B</sup> | 98250 | 91299 |
|  Volkswagen Auto Lease Trust, 4.010%, Due 1/22/2029, 2025-B A3 | 110000 | 110293 |
|  World Omni Automobile Lease Securitization Trust, 4.420%, Due 4/17/2028, 2025-A A3 | 60000 | 60445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Asset-Backed Obligations (Cost $1,192,106)** |  | **1168153** |
|  U.S. AGENCY MORTGAGE-BACKED OBLIGATIONS - 9.6% |  |  |
|  Federal Home Loan Mortgage Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 9/1/2028 | 3539 | 3513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 11/1/2032 | 26401 | 25791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 8/1/2033 | 10165 | 10328 |

---

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  U.S. AGENCY MORTGAGE-BACKED OBLIGATIONS - 9.6% (continued) |  |  |
|  Federal Home Loan Mortgage Corp., (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 2/1/2034 | $10112 | $10371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 6/1/2035 | 47411 | 44949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 3/1/2036 | 136090 | 125802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 1/1/2041 | 34686 | 34159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 2/1/2041 | 24492 | 24620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 9/1/2041 | 116122 | 104504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 5/1/2042 | 115458 | 111024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 6/1/2042 | 117158 | 111719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 4/1/2047 | 105378 | 94480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 8/1/2048 | 97039 | 88519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 7/1/2050 | 63789 | 54768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 12/1/2050 | 60357 | 52090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 11/1/2051 | 117189 | 101651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 2/1/2052 | 110130 | 90519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 3/1/2052 | 195491 | 159097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 5/1/2052 | 93935 | 81087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 3/1/2053 | 54832 | 57252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 5/1/2053 | 88243 | 86777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 8/1/2053 | 187561 | 188073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 8/1/2053 | 148631 | 152941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 9/1/2053 | 102974 | 106145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 2/1/2054 | 273482 | 279733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 8/1/2054 | 85314 | 88399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 9/1/2054 | 144117 | 145326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 5/1/2055 | 269719 | 275465 |
|  |  | **2709102** |
|  Federal National Mortgage Association, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 1/1/2028 | 3171 | 3154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 3/1/2034 | 11280 | 11426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 4/1/2034 | 21174 | 21294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 10/1/2034 | 2711 | 2628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 11/1/2035 | 90393 | 83694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 12/1/2035 | 43011 | 39842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 6/1/2037 | 63809 | 61765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 6/1/2038 | 2716 | 2827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 1/1/2040 | 24697 | 24772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 5/1/2040 | 45397 | 46545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 6/1/2040 | 25754 | 26405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 9/1/2040 | 24176 | 23795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 1/1/2041 | 47037 | 46077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 11/1/2041 | 91244 | 82507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 6/1/2043 | 226929 | 209648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 8/1/2043 | 206072 | 190316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 7/1/2045 | 48380 | 47125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 8/1/2045 | 22753 | 21549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 11/1/2045 | 216898 | 205196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 1/1/2046 | 86681 | 82095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 5/1/2046 | 23578 | 22247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 7/1/2046 | 48770 | 47520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 10/1/2046 | 18352 | 16679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 11/1/2046 | 105889 | 97101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 3/1/2047 | 26500 | 24988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 7/1/2047 | 11185 | 11144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 8/1/2047 | 20513 | 20444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 9/1/2047 | 33363 | 31441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 4/1/2048 | 9351 | 9286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 7/1/2048 | 55446 | 55032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 10/1/2049 | 63754 | 63259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 11/1/2049 | 123940 | 120210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 8/1/2050 | 286354 | 245656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 8/1/2050 | 82796 | 74103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 9/1/2050 | 93667 | 80806 |

---

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  U.S. AGENCY MORTGAGE-BACKED OBLIGATIONS - 9.6% (continued) |  |  |
|  Federal National Mortgage Association, (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 10/1/2050 | $43898 | $37647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 10/1/2050 | 88941 | 80181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 3/1/2051 | 139055 | 115118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 4/1/2051 | 220322 | 180631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 5/1/2051 | 100466 | 90716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 6/1/2051 | 97864 | 87346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 6/1/2051 | 116457 | 108223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 7/1/2051 | 224662 | 184079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 7/1/2051 | 98212 | 91747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 8/1/2051 | 208240 | 179817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 11/1/2051 | 74615 | 66297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 1/1/2052 | 341118 | 280875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 2/1/2052 | 177563 | 153405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 5/1/2052 | 131300 | 121772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 6/1/2052 | 154402 | 148981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 6/1/2052 | 244119 | 248517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 7/1/2052 | 101642 | 91671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 8/1/2052 | 128632 | 126561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 9/1/2052 | 196848 | 193637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 10/1/2052 | 151991 | 150066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 4/1/2053 | 73166 | 73921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 6/1/2053 | 94558 | 93851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 10/1/2053 | 177725 | 180727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 1/1/2054 | 194648 | 202933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 2/1/2054 | 189739 | 194594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, Due 6/1/2054 | 32646 | 34366 |
|  |  | **5670255** |
|  Government National Mortgage Association, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, Due 8/15/2027 | 254 | 254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, Due 11/15/2027 | 641 | 647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, Due 12/15/2028 | 2183 | 2229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 7/15/2033 | 10446 | 10820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, Due 12/15/2033 | 14587 | 15119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 2/20/2034 | 15194 | 15717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 10/15/2039 | 31212 | 32149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 9/15/2041 | 62892 | 59155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 8/20/2047 | 12419 | 11691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 10/20/2047 | 11356 | 10645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 1/20/2048 | 56388 | 54245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 1/20/2050 | 25809 | 26293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 2/20/2050 | 24101 | 23948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 2/20/2050 | 13335 | 13612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 4/20/2050 | 121516 | 105473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 6/20/2051 | 121414 | 105230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 6/20/2051 | 51964 | 46954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 7/20/2051 | 190344 | 164982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 8/20/2051 | 117074 | 107062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 11/20/2051 | 97231 | 84270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 12/20/2051 | 229990 | 208062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 1/20/2052 | 83645 | 77579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 3/20/2052 | 85811 | 81871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 4/20/2052 | 54530 | 47261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 9/20/2052 | 112924 | 111126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 4/20/2053 | 216662 | 217444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 7/20/2053 | 166912 | 170277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, Due 12/20/2054 | 163387 | 163545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, Due 5/20/2055 | 43218 | 43729 |
|  |  | **2011389** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Agency Mortgage-Backed Obligations (Cost $10,914,748)** |  | **10390746** |

---

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  U.S. GOVERNMENT AGENCY OBLIGATIONS - 0.8% |  |  |
|  Federal Farm Credit Banks Funding Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, Due 10/24/2029 | $250000 | $255429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, Due 1/25/2030 | 300000 | 298676 |
|  Federal Home Loan Banks, 4.500%, Due 12/14/2029 | 350000 | 359901 |
|  |  | **914006** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Government Agency Obligations (Cost $903,867)** |  | **914006** |
|  **U.S. TREASURY OBLIGATIONS - 12.5%** |  |  |
|  U.S. Treasury Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, Due 11/15/2028 | 217000 | 226460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, Due 2/15/2037 | 304000 | 316516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, Due 8/15/2039 | 241000 | 240435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750%, Due 8/15/2042 | 250000 | 192481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, Due 5/15/2049 | 500000 | 357324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, Due 5/15/2054 | 40000 | 38313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, Due 8/15/2055 | 500000 | 488984 |
|  |  | **1860513** |
|  U.S. Treasury Notes, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, Due 4/30/2026 | 3460000 | 3469407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 11/15/2026 | 500000 | 493836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 3/31/2027 | 250000 | 247022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, Due 10/31/2027 | 250000 | 252432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, Due 5/15/2028 | 200000 | 197016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, Due 8/15/2028 | 300000 | 294938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.625%, Due 2/15/2029 | 450000 | 437238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, Due 4/30/2029 | 300000 | 293027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375%, Due 5/15/2029 | 450000 | 432422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.625%, Due 8/15/2029 | 350000 | 326649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.750%, Due 11/15/2029 | 200000 | 186539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 1/31/2030 | 350000 | 347197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 2/28/2030 | 250000 | 252529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625%, Due 8/31/2030 | 630000 | 626013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625%, Due 10/31/2030 | 300000 | 297867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625%, Due 9/30/2031 | 200000 | 197273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, Due 1/31/2032 | 150000 | 153527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 7/31/2032 | 100000 | 100090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, Due 9/30/2032 | 150000 | 148881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, Due 10/31/2032 | 400000 | 393781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, Due 11/15/2032 | 250000 | 251670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 2/15/2033 | 250000 | 241816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, Due 8/15/2033 | 200000 | 197367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 2/15/2034 | 300000 | 297516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, Due 5/15/2034 | 100000 | 101625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, Due 8/15/2034 | 300000 | 293777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, Due 8/15/2035 | 960000 | 960900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 11/15/2035 | 175000 | 171418 |
|  |  | **11663773** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Obligations (Cost $13,936,719)** |  | **13524286** |
|  | **Shares** |  |
|  FOREIGN COMMON STOCKS - 3.3% |  |  |
|  **Communication Services - 0.3%** |  |  |
|  **Media - 0.3%** |  |  |
|  WPP PLC, ADR<sup>E</sup> | 11400 | **238032** |
|  **Consumer Discretionary - 0.5%** |  |  |
|  **Automobile Components - 0.5%** |  |  |
|  Magna International, Inc. | 10704 | **547403** |
|  **Consumer Staples - 0.8%** |  |  |
|  **Beverages - 0.2%** |  |  |
|  Anheuser-Busch InBev SA, ADR<sup>E</sup> | 2600 | **186368** |

---

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  FOREIGN COMMON STOCKS - 3.3% (continued) |  |  |
|  **Consumer Staples - 0.8% (continued)** |  |  |
|  **Personal Products - 0.6%** |  |  |
|  Unilever PLC | 10213 | $**698161** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | **884529** |
|  **Financials - 0.6%** |  |  |
|  **Banks - 0.6%** |  |  |
|  Bank of Nova Scotia | 8627 | **644609** |
|  **Information Technology - 1.1%** |  |  |
|  **Communications Equipment - 0.9%** |  |  |
|  Telefonaktiebolaget LM Ericsson, ADR<sup>E</sup> | 91730 | **990684** |
|  **Electronic Equipment, Instruments & Components - 0.2%** |  |  |
|  TE Connectivity PLC | 908 | **202284** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | **1192968** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks (Cost $2,535,935)** |  | **3507541** |
|  SHORT-TERM INVESTMENTS - 3.1% (Cost $3,385,613) |  |  |
|  **Investment Companies - 3.1%** |  |  |
|  American Beacon U.S. Government Money Market Select Fund, 3.58%<sup>F</sup> <sup>G</sup> | 3385613 | **3385613** |
|  SECURITIES LENDING COLLATERAL - 0.7% (Cost $733,198) |  |  |
|  **Investment Companies - 0.7%** |  |  |
|  American Beacon U.S. Government Money Market Select Fund, 3.58%<sup>F G</sup> | 733198 | **733198** |
|  **TOTAL INVESTMENTS - 100.2% (Cost $93,402,555)** |  | **108229675** |
|  **LIABILITIES, NET OF OTHER ASSETS - (0.2%)** |  | **(249836)** |
|  **TOTAL NET ASSETS - 100.0%** |  | $**107979839** |

---

Percentages are stated as a percent of net assets.

<sup>A</sup> Non-income producing security.

<sup>B</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 $2,842,971 or 2.6% of net assets. The Fund has no right to demand registration of these securities. 

<sup>C</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 January 31, 2026. 

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

<sup>E</sup> All or a portion of this security is on loan, collateralized by either cash and/or U.S. Treasuries at January 31, 2026.

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

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

ADR - American Depositary Receipt.

CMT - Constant Maturity Treasury.

DAC - Designated Activity Company.

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.

SOFR - Secured Overnight Financing Rate.

USD - United States Dollar.

*See accompanying notes* 

------

**American Beacon Balanced Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

***Long Futures Contracts Open on January 31, 2026:***

**Equity Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of<br>Contracts** | **Expiration Date** | **Notional Amount** | **Contract Value** | **Unrealized**<br>**Appreciation<br>(Depreciation)** |
|  CME E-Mini S&P 500 ESG Index Futures | 11 | March 2026 | $3808312 | $3831163 | $22851 |
|  |  |  | $3808312 | $3831163 | $22851 |

---

***Glossary:***

**<u>Index Abbreviations:</u>**

S&P 500 Standard & Poor's 500 Index - U.S. Equity Large-Cap Index.

**<u>Exchange Abbreviations:</u>**

CME Chicago Mercantile Exchange.

**<u>Other Abbreviations:</u>**

ESG Environmental, Social, Governance.

The Fund's investments are summarized by level based on the inputs used to determine their values. As of January 31, 2026, the investments were classified as described below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Balanced Fund** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  ***Assets*** |  |  |  |  |
|  Common Stocks | $59330453 | $— | $— | $59330453 |
|  Corporate Obligations |  | 11847533 |  | 11847533 |
|  Foreign Corporate Obligations |  | 3154074 |  | 3154074 |
|  Foreign Sovereign Obligations |  | 274072 |  | 274072 |
|  Asset-Backed Obligations |  | 1168153 |  | 1168153 |
|  U.S. Agency Mortgage-Backed Obligations |  | 10390746 |  | 10390746 |
|  U.S. Government Agency Obligations |  | 914006 |  | 914006 |
|  U.S. Treasury Obligations |  | 13524286 |  | 13524286 |
|  Foreign Common Stocks | 3507541 |  |  | 3507541 |
|  Short-Term Investments | 3385613 |  |  | 3385613 |
|  Securities Lending Collateral | 733198 |  |  | 733198 |
|  Total Investments in Securities - Assets | $66956805 | $41272870 | $— | $108229675 |
|  ***Financial Derivative Instruments - Assets*** |  |  |  |  |
|  Futures Contracts | $22851 | $— | $— | $22851 |
|  Total Financial Derivative Instruments - Assets | $22851 | $— | $— | $22851 |

---

U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended January 31, 2026, there were no transfers into or out of Level 3.

*See accompanying notes* 

------

**American Beacon Garcia Hamilton Quality Bond Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Fair Value** |
|  CORPORATE OBLIGATIONS - 3.4% |  |  |
|  **Communications - 1.6%** |  |  |
|  **Media - 1.6%** |  |  |
|  Walt Disney Co., 3.800%, Due 3/22/2030 | $5450000 | $**5402017** |
|  **Utilities - 1.8%** |  |  |
|  **Electric - 1.8%** |  |  |
|  Florida Power & Light Co., 5.000%, Due 8/1/2034 | 6170000 | **6293946** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Obligations (Cost $11,737,408)** |  | **11695963** |
|  U.S. AGENCY MORTGAGE-BACKED OBLIGATIONS - 45.1% |  |  |
|  Federal Home Loan Mortgage Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 9/1/2042 | 10283641 | 9235328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500%, Due 1/1/2051 | 8530054 | 6621412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 3/1/2052 | 11296809 | 9642784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 4/1/2052 | 16968766 | 14463307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 5/1/2052 | 9869920 | 8783113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500%, Due 6/1/2052 | 7618864 | 5909288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, Due 10/1/2052 | 22060617 | 17933070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 10/1/2052 | 10067589 | 9647655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 11/1/2052 | 12609512 | 12085239 |
|  |  | **94321196** |
|  Federal National Mortgage Association, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 7/1/2040 | 5211311 | 4883488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 8/1/2040 | 3416308 | 3197735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 11/1/2050 | 5627336 | 4787976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 5/1/2051 | 9351221 | 7944824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 2/1/2052 | 8112673 | 6929960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, Due 5/1/2052 | 19584732 | 17397222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 10/1/2052 | 10772257 | 9974472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 10/1/2052 | 6543755 | 6260538 |
|  |  | **61376215** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Agency Mortgage-Backed Obligations (Cost $154,313,408)** |  | **155697411** |
|  U.S. TREASURY OBLIGATIONS - 50.2% |  |  |
|  U.S. Treasury Bonds, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, Due 8/15/2041 | 35820000 | 32166640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 2/15/2045 | 25385000 | 17928156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, Due 5/15/2046 | 23735000 | 16424435 |
|  |  | **66519231** |
|  U.S. Treasury Notes, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.875%, Due 2/15/2032 | 17395000 | 15474755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, Due 2/15/2033 | 36175000 | 34990834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, Due 2/15/2034 | 41245000 | 40903440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, Due 8/15/2034 | 16010000 | 15677917 |
|  |  | **107046946** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Obligations (Cost $177,253,173)** |  | **173566177** |
|  **TOTAL INVESTMENTS - 98.7% (Cost $343,303,989)** |  | **340959551** |
|  **OTHER ASSETS, NET OF LIABILITIES - 1.3%** |  | **4419803** |
|  **TOTAL NET ASSETS - 100.0%** |  | $**345379354** |

---

Percentages are stated as a percent of net assets.

*See accompanying notes* 

------

**American Beacon Garcia Hamilton Quality Bond Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

The Fund's investments are summarized by level based on the inputs used to determine their values. As of January 31, 2026, the investments were classified as described below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Garcia Hamilton Quality Bond Fund** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  ***Assets*** |  |  |  |  |
|  Corporate Obligations | $— | $11695963 | $— | $11695963 |
|  U.S. Agency Mortgage-Backed Obligations |  | 155697411 |  | 155697411 |
|  U.S. Treasury Obligations |  | 173566177 |  | 173566177 |
|  Total Investments in Securities - Assets | $— | $340959551 | $— | $340959551 |

---

U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended January 31, 2026, there were no transfers into or out of Level 3.

*See accompanying notes* 

------

**American Beacon IMC International Small Cap Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  **Australia - 6.4%** |  |  |
|  **Foreign Common Stocks - 6.4%** |  |  |
|  Austal Ltd.<sup>A</sup> | 98965 | $481296 |
|  Capricorn Metals Ltd.<sup>A</sup> | 89650 | 850109 |
|  Codan Ltd. | 41363 | 1096416 |
|  Deep Yellow Ltd.<sup>A</sup> | 517083 | 1023269 |
|  Emerald Resources NL<sup>A</sup> | 206447 | 1004221 |
|  FireFly Metals Ltd.<sup>A</sup> | 695992 | 966777 |
|  Liontown Ltd.<sup>A B</sup> | 547195 | 707182 |
|  Monadelphous Group Ltd. | 45578 | 985634 |
|  Predictive Discovery Ltd.<sup>A</sup> | 1726088 | 986135 |
|  Ramelius Resources Ltd. | 319947 | 972181 |
|  SRG Global Ltd. | 469209 | 987031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **10060251** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Australia (Cost $7,592,094)** |  | **10060251** |
|  **Austria - 0.7% (Cost $966,023)** |  |  |
|  **Foreign Common Stocks - 0.7%** |  |  |
|  Vienna Insurance Group AG Wiener Versicherung Gruppe | 14268 | **1122284** |
|  **Belgium - 0.9% (Cost $946,611)** |  |  |
|  **Foreign Common Stocks - 0.9%** |  |  |
|  Cenergy Holdings SA | 60199 | **1384269** |
|  **Brazil - 0.6% (Cost $380,223)** |  |  |
|  **Foreign Common Stocks - 0.6%** |  |  |
|  Embraer SA | 51231 | **943774** |
|  **Canada - 12.7%** |  |  |
|  **Foreign Common Stocks - 12.7%** |  |  |
|  5N Plus, Inc.<sup>A</sup> | 71463 | 1263782 |
|  Aritzia, Inc.<sup>A</sup> | 9008 | 710042 |
|  Artemis Gold, Inc.<sup>A</sup> | 32226 | 934368 |
|  Bombardier, Inc., Class B<sup>A</sup> <sup>B</sup> | 7258 | 1239881 |
|  Capstone Copper Corp.<sup>A</sup> <sup>B</sup> | 74519 | 825830 |
|  Enerflex Ltd. | 81048 | 1487452 |
|  Exchange Income Corp.<sup>B</sup> | 11224 | 783079 |
|  Extendicare, Inc.<sup>B</sup> | 61147 | 1041383 |
|  Finning International, Inc.<sup>B</sup> | 13909 | 872243 |
|  Groupe Dynamite, Inc. | 16239 | 845313 |
|  Headwater Exploration, Inc.<sup>B</sup> | 98894 | 798909 |
|  Hudbay Minerals, Inc. | 43536 | 1031128 |
|  IGM Financial, Inc.<sup>B</sup> | 19053 | 921552 |
|  Kinross Gold Corp. | 21912 | 690035 |
|  Kraken Robotics, Inc.<sup>A B</sup> | 183785 | 1077079 |
|  Lithium Argentina AG<sup>A</sup> | 117317 | 787484 |
|  Lundin Gold, Inc. | 10224 | 766472 |
|  Major Drilling Group International, Inc.<sup>A</sup> | 68877 | 755717 |
|  NexGen Energy Ltd.<sup>A B</sup> | 76616 | 962166 |
|  Sprott, Inc.<sup>B</sup> | 7076 | 867630 |
|  Tamarack Valley Energy Ltd. | 188679 | 1276197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **19937742** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Canada (Cost $15,014,049)** |  | **19937742** |
|  **China - 2.2%** |  |  |
|  **Foreign Common Stocks - 2.2%** |  |  |
|  Chongqing Machinery & Electric Co. Ltd., Class H | 2603047 | 808722 |
|  Hua Hong Semiconductor Ltd., Class H<sup>A C</sup> | 79238 | 1191974 |
|  Precision Tsugami China Corp. Ltd.<sup>D</sup> | 146611 | 792227 |

---

*See accompanying notes* 

------

**American Beacon IMC International Small Cap Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  **China - 2.2% (continued)** |  |  |
|  **Foreign Common Stocks - 2.2% (continued)** |  |  |
|  XD, Inc.<sup>D</sup> | 52663 | $575932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **3368855** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total China (Cost $2,447,945)** |  | **3368855** |
|  **Denmark - 3.1%** |  |  |
|  **Foreign Common Stocks - 3.1%** |  |  |
|  AL Sydbank | 8278 | 750976 |
|  ALK-Abello AS<sup>A</sup> | 16807 | 555752 |
|  Cementir Holding NV | 39565 | 892227 |
|  Jyske Bank AS | 5816 | 847034 |
|  NKT AS<sup>A</sup> | 7650 | 1004883 |
|  Per Aarsleff Holding AS | 5688 | 812602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **4863474** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Denmark (Cost $4,187,249)** |  | **4863474** |
|  **Germany - 1.4%** |  |  |
|  **Foreign Common Stocks - 1.4%** |  |  |
|  Bilfinger SE | 7975 | 1119514 |
|  Nordex SE<sup>A</sup> | 26954 | 1079854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **2199368** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Germany (Cost $1,736,254)** |  | **2199368** |
|  **Greece - 1.4%** |  |  |
|  **Foreign Common Stocks - 1.4%** |  |  |
|  Alpha Bank SA | 213000 | 1021869 |
|  National Bank of Greece SA | 63633 | 1125918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **2147787** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Greece (Cost $1,332,131)** |  | **2147787** |
|  **India - 1.6%** |  |  |
|  **Foreign Common Stocks - 1.6%** |  |  |
|  Federal Bank Ltd. | 309557 | 969012 |
|  Mahindra & Mahindra Financial Services Ltd. | 174297 | 703378 |
|  South Indian Bank Ltd. | 1913582 | 784203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **2456593** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total India (Cost $2,497,383)** |  | **2456593** |
|  **Israel - 6.3%** |  |  |
|  **Foreign Common Stocks - 6.3%** |  |  |
|  Aryt Industries Ltd. | 42403 | 839918 |
|  Bet Shemesh Engines Holdings 1997 Ltd.<sup>A</sup> | 3767 | 952971 |
|  Camtek Ltd.<sup>A B</sup> | 6556 | 960651 |
|  Clal Insurance Enterprises Holdings Ltd. | 13875 | 1015226 |
|  Elbit Systems Ltd. | 1478 | 1048157 |
|  Enlight Renewable Energy Ltd.<sup>A</sup> | 20248 | 1149953 |
|  First International Bank of Israel Ltd. | 9584 | 816597 |
|  Next Vision Stabilized Systems Ltd. | 11536 | 1037213 |
|  Plus500 Ltd. | 18155 | 1042657 |
|  Tower Semiconductor Ltd.<sup>A</sup> | 6904 | 930176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **9793519** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Israel (Cost $6,448,111)** |  | **9793519** |

---

*See accompanying notes* 

------

**American Beacon IMC International Small Cap Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  **Italy - 3.2%** |  |  |
|  **Foreign Common Stocks - 3.2%** |  |  |
|  Banca Mediolanum SpA | 40245 | $942689 |
|  BPER Banca SpA | 76441 | 1074274 |
|  Maire SpA | 47091 | 820580 |
|  OVS SpA<sup>C</sup> | 163550 | 923213 |
|  Technoprobe SpA<sup>A</sup> | 69690 | 1294300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **5055056** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Italy (Cost $3,440,151)** |  | **5055056** |
|  **Ivory Coast - 0.7% (Cost $752,248)** |  |  |
|  **Foreign Common Stocks - 0.7%** |  |  |
|  Endeavour Mining PLC | 19572 | **1090884** |
|  **Japan - 18.3%** |  |  |
|  **Foreign Common Stocks - 18.3%** |  |  |
|  77 Bank Ltd. | 19706 | 1078447 |
|  CKD Corp.<sup>B</sup> | 35497 | 947752 |
|  Ebara Corp. | 33815 | 1021212 |
|  Ferrotec Corp. | 19764 | 756112 |
|  Furukawa Electric Co. Ltd. | 13080 | 1147533 |
|  Ibiden Co. Ltd.<sup>B</sup> | 23702 | 1265837 |
|  INFRONEER Holdings, Inc. | 69024 | 1033991 |
|  Kandenko Co. Ltd. | 34778 | 1252473 |
|  Kinden Corp. | 21225 | 939318 |
|  Kioxia Holdings Corp.<sup>A</sup> | 10943 | 1519516 |
|  Kraftia Corp. | 15327 | 799520 |
|  Mitsui Kinzoku Co. Ltd. | 9422 | 1245934 |
|  Modec, Inc. | 10559 | 1026181 |
|  Namura Shipbuilding Co. Ltd. | 25434 | 692915 |
|  NGK Insulators Ltd. | 45095 | 1077001 |
|  NHK Spring Co. Ltd. | 49807 | 905516 |
|  Nippon Electric Glass Co. Ltd. | 22432 | 974153 |
|  Okumura Corp. | 24966 | 1039962 |
|  Organo Corp.<sup>B</sup> | 10048 | 1056902 |
|  Resonac Holdings Corp. | 16020 | 929531 |
|  Sanki Engineering Co. Ltd.<sup>B</sup> | 21125 | 909644 |
|  SBI Holdings, Inc. | 36555 | 824888 |
|  Shimizu Corp. | 69257 | 1227537 |
|  SKY Perfect JSAT Holdings, Inc. | 86774 | 1254250 |
|  Sumitomo Rubber Industries Ltd. | 56188 | 907953 |
|  Takasago Thermal Engineering Co. Ltd. | 21625 | 625740 |
|  Tokyo Ohka Kogyo Co. Ltd. | 23080 | 1088577 |
|  UACJ Corp. | 66360 | 1046354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **28594749** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Japan (Cost $21,835,619)** |  | **28594749** |
|  **Mexico - 0.4% (Cost $420,527)** |  |  |
|  **Foreign Common Stocks - 0.4%** |  |  |
|  Gentera SAB de CV | 232791 | **646982** |
|  **Netherlands - 1.1%** |  |  |
|  **Foreign Common Stocks - 1.1%** |  |  |
|  AMG Critical Materials NV | 19870 | 852632 |
|  SBM Offshore NV | 25234 | 906429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **1759061** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Netherlands (Cost $1,808,655)** |  | **1759061** |

---

*See accompanying notes* 

------

**American Beacon IMC International Small Cap Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  **Norway - 0.5% (Cost $449,856)** |  |  |
|  **Foreign Common Stocks - 0.5%** |  |  |
|  Protector Forsikring ASA | 15197 | $**825702** |
|  **Poland - 0.5% (Cost $882,418)** |  |  |
|  **Foreign Common Stocks - 0.5%** |  |  |
|  LPP SA | 153 | **846237** |
|  **Portugal - 0.6% (Cost $705,503)** |  |  |
|  **Foreign Common Stocks - 0.6%** |  |  |
|  Sonae SGPS SA | 482495 | **1013089** |
|  **Republic of Korea - 11.5%** |  |  |
|  **Foreign Common Stocks - 11.5%** |  |  |
|  BHI Co. Ltd.<sup>A</sup> | 21777 | 1092351 |
|  Caregen Co. Ltd. | 17581 | 1535928 |
|  Doosan Co. Ltd. | 1094 | 627934 |
|  Eugene Technology Co. Ltd. | 10102 | 780737 |
|  Hankook Tire & Technology Co. Ltd. | 20225 | 893424 |
|  HD Hyundai Electric Co. Ltd. | 1670 | 1033425 |
|  HD Hyundai Heavy Industries Co. Ltd. | 1556 | 613494 |
|  HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | 2928 | 841880 |
|  Hyundai Glovis Co. Ltd. | 6669 | 1123974 |
|  KIWOOM Securities Co. Ltd. | 4347 | 1345610 |
|  Korea Aerospace Industries Ltd. | 9788 | 1128537 |
|  Korea Investment Holdings Co. Ltd. | 5418 | 814457 |
|  LEENO Industrial, Inc.<sup>A</sup> | 19119 | 1385602 |
|  Oscotec, Inc.<sup>A</sup> | 19981 | 773418 |
|  Posco DX Co. Ltd. | 36194 | 974778 |
|  S&S Tech Corp. | 11605 | 721502 |
|  Samsung Electro-Mechanics Co. Ltd. | 4668 | 889454 |
|  WONIK IPS Co. Ltd.<sup>A</sup> | 18339 | 1449122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **18025627** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Republic of Korea (Cost $11,951,171)** |  | **18025627** |
|  **Singapore - 1.3%** |  |  |
|  **Foreign Common Stocks - 1.3%** |  |  |
|  Hong Leong Asia Ltd. | 351105 | 940249 |
|  Singapore Technologies Engineering Ltd. | 144169 | 1113322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **2053571** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Singapore (Cost $1,378,930)** |  | **2053571** |
|  **Spain - 3.1%** |  |  |
|  **Foreign Common Stocks - 3.1%** |  |  |
|  Construcciones y Auxiliar de Ferrocarriles SA | 11326 | 757183 |
|  Grenergy Renovables SA<sup>A</sup> | 9653 | 1099543 |
|  Indra Sistemas SA | 16242 | 1052801 |
|  Tecnicas Reunidas SA<sup>A</sup> | 24186 | 915996 |
|  Unicaja Banco SA<sup>C</sup> | 292898 | 1003534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **4829057** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Spain (Cost $3,929,384)** |  | **4829057** |
|  **Switzerland - 1.1%** |  |  |
|  **Foreign Common Stocks - 1.1%** |  |  |
|  Huber & Suhner AG | 3756 | 761059 |
|  Implenia AG | 9330 | 892614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **1653673** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Switzerland (Cost $1,429,071)** |  | **1653673** |

---

*See accompanying notes* 

------

**American Beacon IMC International Small Cap Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  **Taiwan - 11.4%** |  |  |
|  **Foreign Common Stocks - 11.4%** |  |  |
|  Ardentec Corp. | 205793 | $1040896 |
|  Asia Vital Components Co. Ltd. | 24186 | 1124140 |
|  ASPEED Technology, Inc. | 4100 | 1158569 |
|  Bizlink Holding, Inc. | 10909 | 451414 |
|  Browave Corp. | 90567 | 1314228 |
|  Chenbro Micom Co. Ltd. | 21748 | 625161 |
|  Chunghwa Precision Test Tech Co. Ltd. | 10450 | 1098997 |
|  Compeq Manufacturing Co. Ltd. | 226472 | 1215778 |
|  Fulltech Fiber Glass Corp.<sup>A</sup> | 380818 | 1110373 |
|  Gold Circuit Electronics Ltd. | 45083 | 1003774 |
|  Jentech Precision Industrial Co. Ltd. | 8489 | 767451 |
|  King Yuan Electronics Co. Ltd. | 127605 | 1199682 |
|  L&K Engineering Co. Ltd. | 66202 | 1204903 |
|  Mega Union Technology, Inc. | 36910 | 817518 |
|  MPI Corp. | 15825 | 1260172 |
|  Sigurd Microelectronics Corp. | 274255 | 1133865 |
|  Taiwan Union Technology Corp. | 86003 | 1374018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **17900939** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Taiwan (Cost $12,485,110)** |  | **17900939** |
|  **Turkey - 0.6% (Cost $592,623)** |  |  |
|  **Foreign Common Stocks - 0.6%** |  |  |
|  Eldorado Gold Corp.<sup>A B</sup> | 21829 | **936548** |
|  **United Kingdom - 2.6%** |  |  |
|  **Foreign Common Stocks - 2.6%** |  |  |
|  Babcock International Group PLC | 46604 | 916703 |
|  Drax Group PLC | 76614 | 945790 |
|  Games Workshop Group PLC | 2275 | 531423 |
|  IG Group Holdings PLC | 50968 | 943337 |
|  SigmaRoc PLC<sup>A</sup> | 407760 | 799314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **4136567** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total United Kingdom (Cost $3,405,569)** |  | **4136567** |
|  **United States - 1.5%** |  |  |
|  **Common Stocks - 1.5%** |  |  |
|  Kolon TissueGene, Inc., KDR<sup>A</sup> | 18479 | 1351315 |
|  TAT Technologies Ltd.<sup>A</sup> | 18010 | 916349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stocks** |  | **2267664** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total United States (Cost $1,710,859)** |  | **2267664** |
|  SHORT-TERM INVESTMENTS - 2.7% (Cost $4,262,549) |  |  |
|  **Investment Companies - 2.7%** |  |  |
|  American Beacon U.S. Government Money Market Select Fund, 3.58%<sup>E F</sup> | 4262549 | **4262549** |
|  SECURITIES LENDING COLLATERAL - 1.2% (Cost $1,821,632) |  |  |
|  **Investment Companies - 1.2%** |  |  |
|  American Beacon U.S. Government Money Market Select Fund, 3.58%<sup>E F</sup> | 1821632 | **1821632** |
|  **TOTAL INVESTMENTS - 99.6% (Cost $116,809,948)** |  | **155997503** |
|  **OTHER ASSETS, NET OF LIABILITIES - 0.4%** |  | **687140** |
|  **TOTAL NET ASSETS - 100.0%** |  | $**156684643** |

---

Percentages are stated as a percent of net assets.

*See accompanying notes* 

------

**American Beacon IMC International Small Cap Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

<sup>A</sup> Non-income producing security.

<sup>B</sup> All or a portion of this security is on loan, collateralized by either cash and/or U.S. Treasuries at January 31, 2026.

<sup>C</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 $3,118,721 or 2.0% of net assets. The Fund has no right to demand registration of these securities. 

<sup>D</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>E</sup> 7-day yield.

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

PLC - Public Limited Company.

KDR - Korean Depositary Receipt.

The Fund's investments are summarized by level based on the inputs used to determine their values. As of January 31, 2026, the investments were classified as described below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **IMC International Small Cap Fund** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  ***Assets*** |  |  |  |  |
|  Foreign Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia | $— | $10060251 | $— | $10060251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Austria |  | 1122284 |  | 1122284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Belgium |  | 1384269 |  | 1384269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil | 943774 |  |  | 943774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | 19937742 |  |  | 19937742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China |  | 3368855 |  | 3368855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denmark |  | 4863474 |  | 4863474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany |  | 2199368 |  | 2199368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greece |  | 2147787 |  | 2147787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India |  | 2456593 |  | 2456593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel | 1890827 | 7902692 |  | 9793519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy |  | 5055056 |  | 5055056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ivory Coast |  | 1090884 |  | 1090884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan |  | 28594749 |  | 28594749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico | 646982 |  |  | 646982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands |  | 1759061 |  | 1759061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Norway |  | 825702 |  | 825702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Poland |  | 846237 |  | 846237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portugal |  | 1013089 |  | 1013089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Republic of Korea |  | 18025627 |  | 18025627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Singapore |  | 2053571 |  | 2053571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  | 4829057 |  | 4829057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland |  | 1653673 |  | 1653673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taiwan |  | 17900939 |  | 17900939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkey | 936548 |  |  | 936548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 4136567 |  | 4136567 |
|  Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | 916349 | 1351315 |  | 2267664 |
|  Short-Term Investments | 4262549 |  |  | 4262549 |
|  Securities Lending Collateral | 1821632 |  |  | 1821632 |
|  Total Investments in Securities - Assets | $31356403 | $124641100 | $— | $155997503 |

---

U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended January 31, 2026, there were no transfers into or out of Level 3.

*See accompanying notes* 

------

**American Beacon International Equity Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  **Australia - 0.5% (Cost $2,295,153)** |  |  |
|  **Foreign Common Stocks - 0.5%** |  |  |
|  Rio Tinto PLC | 33820 | $**3077284** |
|  **Austria - 0.7% (Cost $5,581,742)** |  |  |
|  **Foreign Common Stocks - 0.7%** |  |  |
|  Mondi PLC | 388195 | **4541397** |
|  **Belgium - 1.4%** |  |  |
|  **Foreign Common Stocks - 1.4%** |  |  |
|  Anheuser-Busch InBev SA | 68405 | 4903094 |
|  KBC Group NV | 14430 | 2043655 |
|  Syensqo SA<sup>A</sup> | 22938 | 1927545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **8874294** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Belgium (Cost $6,954,593)** |  | **8874294** |
|  **Canada - 2.0%** |  |  |
|  **Foreign Common Stocks - 2.0%** |  |  |
|  Barrick Mining Corp. | 20372 | 931189 |
|  Canadian Pacific Kansas City Ltd. | 48511 | 3606127 |
|  Gildan Activewear, Inc. | 42472 | 2759518 |
|  Linamar Corp. | 27546 | 1746242 |
|  Open Text Corp.<sup>A</sup> | 32704 | 835343 |
|  Suncor Energy, Inc. | 44635 | 2359183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **12237602** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Canada (Cost $10,238,280)** |  | **12237602** |
|  **China - 3.0%** |  |  |
|  **Foreign Common Stocks - 3.0%** |  |  |
|  AIA Group Ltd. | 451000 | 5208392 |
|  ArcelorMittal SA | 15019 | 811427 |
|  Prudential PLC | 591580 | 9686095 |
|  Techtronic Industries Co. Ltd. | 227000 | 3111680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **18817594** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total China (Cost $14,139,050)** |  | **18817594** |
|  **Denmark - 1.1% (Cost $6,948,090)** |  |  |
|  **Foreign Common Stocks - 1.1%** |  |  |
|  Novo Nordisk AS, Class B | 110032 | **6522649** |
|  **France - 16.9%** |  |  |
|  **Foreign Common Stocks - 16.9%** |  |  |
|  Air Liquide SA | 17027 | 3187003 |
|  Alstom SA<sup>B</sup> | 568870 | 18205293 |
|  Arkema SA | 57309 | 3484247 |
|  BNP Paribas SA | 104029 | 11163033 |
|  Bureau Veritas SA | 91131 | 2931260 |
|  Capgemini SE | 53035 | 8248838 |
|  Cie de Saint-Gobain SA | 69284 | 6857367 |
|  Cie Generale des Etablissements Michelin SCA | 96043 | 3571042 |
|  Eiffage SA | 6638 | 982501 |
|  Engie SA | 166139 | 4952123 |
|  Kering SA | 29954 | 9341909 |
|  Legrand SA | 16178 | 2584984 |
|  LVMH Moet Hennessy Louis Vuitton SE | 2251 | 1453679 |
|  Orange SA | 279513 | 5211180 |
|  Pernod Ricard SA | 17045 | 1515469 |
|  Societe Generale SA | 115022 | 10055235 |
|  Teleperformance SE | 82288 | 5322800 |
|  Thales SA | 5843 | 1772949 |

---

*See accompanying notes* 

------

**American Beacon International Equity Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  **France - 16.9% (continued)** |  |  |
|  **Foreign Common Stocks - 16.9% (continued)** |  |  |
|  Verallia SA<sup>A C</sup> | 130562 | $3416486 |
|  Worldline SA<sup>A B C</sup> | 152858 | 260262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **104517660** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total France (Cost $95,117,188)** |  | **104517660** |
|  **Germany - 9.7%** |  |  |
|  **Foreign Common Stocks - 9.7%** |  |  |
|  Allianz SE | 6671 | 2943386 |
|  Bayerische Motoren Werke AG | 41583 | 4314443 |
|  Beiersdorf AG | 17629 | 2101380 |
|  Continental AG | 61755 | 4878542 |
|  Daimler Truck Holding AG | 87904 | 4267519 |
|  Deutsche Bank AG | 53713 | 2120036 |
|  Deutsche Boerse AG | 6262 | 1584608 |
|  Deutsche Post AG | 89622 | 5030287 |
|  Deutsche Telekom AG | 133686 | 4463136 |
|  E.ON SE | 57845 | 1224636 |
|  Infineon Technologies AG | 100739 | 4971347 |
|  Lanxess AG | 86658 | 1793318 |
|  Mercedes-Benz Group AG | 67899 | 4650941 |
|  Merck KGaA | 23960 | 3565464 |
|  MTU Aero Engines AG | 4685 | 2080296 |
|  SAP SE | 23685 | 4788013 |
|  Siemens Healthineers AG<sup>C</sup> | 46373 | 2316901 |
|  Symrise AG | 25092 | 2113432 |
|  Zalando SE<sup>B C</sup> | 33777 | 976699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **60184384** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Germany (Cost $54,887,832)** |  | **60184384** |
|  **Israel - 0.7% (Cost $2,931,434)** |  |  |
|  **Foreign Common Stocks - 0.7%** |  |  |
|  Bank Hapoalim BM | 168559 | **4178820** |
|  **Italy - 2.3%** |  |  |
|  **Foreign Common Stocks - 2.3%** |  |  |
|  Banca Monte dei Paschi di Siena SpA | 189515 | 1962190 |
|  Enel SpA | 164604 | 1820104 |
|  Eni SpA | 85336 | 1743402 |
|  Generali | 1985 | 80961 |
|  Lottomatica Group SpA | 72034 | 1769265 |
|  UniCredit SpA | 77686 | 6764263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **14140185** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Italy (Cost $8,578,765)** |  | **14140185** |
|  **Japan - 11.1%** |  |  |
|  **Foreign Common Stocks - 11.1%** |  |  |
|  Bandai Namco Holdings, Inc. | 61200 | 1587544 |
|  Ebara Corp. | 60500 | 1827099 |
|  FANUC Corp. | 138300 | 5618974 |
|  Japan Post Bank Co. Ltd. | 112000 | 1985947 |
|  KDDI Corp. | 123700 | 2084771 |
|  Maruwa Co. Ltd.<sup>A</sup> | 4500 | 1389604 |
|  MatsukiyoCocokara & Co. | 148400 | 2375789 |
|  Mitsui Fudosan Co. Ltd. | 220200 | 2525701 |
|  Mizuho Financial Group, Inc. | 71700 | 3148097 |
|  Murata Manufacturing Co. Ltd. | 11000 | 223465 |
|  Nitori Holdings Co. Ltd.<sup>A</sup> | 76400 | 1310239 |
|  Otsuka Holdings Co. Ltd. | 42600 | 2548307 |

---

*See accompanying notes* 

------

**American Beacon International Equity Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  **Japan - 11.1% (continued)** |  |  |
|  **Foreign Common Stocks - 11.1% (continued)** |  |  |
|  Renesas Electronics Corp.<sup>B</sup> | 485200 | $8101293 |
|  Resona Holdings, Inc. | 271000 | 3129956 |
|  Shimadzu Corp. | 116700 | 3143983 |
|  Shin-Etsu Chemical Co. Ltd. | 57900 | 1913161 |
|  SMC Corp. | 12100 | 4714751 |
|  Sompo Holdings, Inc. | 78900 | 2732980 |
|  SUMCO Corp. | 340200 | 3558806 |
|  Sumitomo Corp. | 150200 | 6074425 |
|  Sumitomo Mitsui Financial Group, Inc. | 45400 | 1592091 |
|  Suzuki Motor Corp. | 127800 | 1753053 |
|  Tokyo Electron Ltd. | 10400 | 2786604 |
|  Toyo Suisan Kaisha Ltd. | 34700 | 2471247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **68597887** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Japan (Cost $59,546,176)** |  | **68597887** |
|  **Netherlands - 5.8%** |  |  |
|  **Foreign Common Stocks - 5.8%** |  |  |
|  Akzo Nobel NV | 36578 | 2554801 |
|  ASML Holding NV | 4677 | 6647178 |
|  Heineken NV | 98297 | 8096740 |
|  IMCD NV | 16787 | 1566795 |
|  ING Groep NV | 176791 | 5204321 |
|  Koninklijke Philips NV | 148811 | 4274680 |
|  Magnum Ice Cream Co. NV<sup>B</sup> | 17743 | 315015 |
|  Randstad NV | 154250 | 5519345 |
|  Universal Music Group NV | 80510 | 1973503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **36152378** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Netherlands (Cost $31,680,584)** |  | **36152378** |
|  **Republic of Korea - 3.8%** |  |  |
|  **Foreign Common Stocks - 3.8%** |  |  |
|  BGF retail Co. Ltd. | 45382 | 3828690 |
|  Hana Financial Group, Inc. | 32894 | 2288328 |
|  Kia Corp. | 8514 | 904214 |
|  KT&G Corp. | 1737 | 185903 |
|  Samsung Electronics Co. Ltd. | 119572 | 13357637 |
|  Samsung Fire & Marine Insurance Co. Ltd. | 3287 | 1145241 |
|  Shinhan Financial Group Co. Ltd. | 26271 | 1539854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **23249867** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Republic of Korea (Cost $13,854,742)** |  | **23249867** |
|  **Singapore - 1.1% (Cost $6,514,125)** |  |  |
|  **Foreign Common Stocks - 1.1%** |  |  |
|  United Overseas Bank Ltd. | 232100 | **6991251** |
|  **South Africa - 0.5% (Cost $2,497,494)** |  |  |
|  **Foreign Common Stocks - 0.5%** |  |  |
|  Anglo American PLC | 64007 | **2966598** |
|  **Spain - 3.4%** |  |  |
|  **Foreign Common Stocks - 3.1%** |  |  |
|  Banco Santander SA | 688533 | 8859365 |
|  Bankinter SA | 163390 | 2796958 |
|  Industria de Diseno Textil SA | 31751 | 2072960 |
|  Repsol SA | 285248 | 5619876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **19349159** |

---

*See accompanying notes* 

------

**American Beacon International Equity Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  **Spain - 3.4% (continued)** |  |  |
|  **Foreign Preferred Stocks - 0.3%** |  |  |
|  Grifols SA, 1.926%<sup>D</sup> | 179184 | $**1661846** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Spain (Cost $14,772,981)** |  | **21011005** |
|  **Sweden - 1.4%** |  |  |
|  **Foreign Common Stocks - 1.4%** |  |  |
|  Electrolux AB, Class B<sup>A B</sup> | 223276 | 1801324 |
|  Hexagon AB, Class B | 379491 | 4305982 |
|  Sandvik AB | 69298 | 2742238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **8849544** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Sweden (Cost $7,414,971)** |  | **8849544** |
|  **Switzerland - 1.8%** |  |  |
|  **Foreign Common Stocks - 1.8%** |  |  |
|  ABB Ltd. | 39818 | 3440687 |
|  Adecco Group AG<sup>A</sup> | 208364 | 6117360 |
|  Cie Financiere Richemont SA, Class A | 9422 | 1824664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **11382711** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Switzerland (Cost $10,196,252)** |  | **11382711** |
|  **United Kingdom - 20.4%** |  |  |
|  **Foreign Common Stocks - 20.4%** |  |  |
|  3i Group PLC | 55409 | 2547923 |
|  AstraZeneca PLC, ADR | 57572 | 5340954 |
|  AstraZeneca PLC | 63431 | 11776280 |
|  Barclays PLC | 2140591 | 14297104 |
|  Barratt Redrow PLC | 777470 | 4133402 |
|  Beazley PLC | 103333 | 1603020 |
|  Berkeley Group Holdings PLC | 29320 | 1654102 |
|  British American Tobacco PLC | 97841 | 5911731 |
|  Bunzl PLC | 28538 | 799719 |
|  Compass Group PLC | 109861 | 3290626 |
|  Croda International PLC | 49300 | 1842151 |
|  Diageo PLC | 164865 | 3800193 |
|  Hikma Pharmaceuticals PLC | 163528 | 3427545 |
|  Howden Joinery Group PLC | 212362 | 2432070 |
|  IMI PLC | 83211 | 3149329 |
|  JD Sports Fashion PLC | 704496 | 789223 |
|  Marks & Spencer Group PLC<sup>A</sup> | 420845 | 2114518 |
|  Melrose Industries PLC | 64638 | 554649 |
|  National Grid PLC | 232279 | 3939057 |
|  NatWest Group PLC | 207462 | 1900639 |
|  Reckitt Benckiser Group PLC | 134044 | 11174006 |
|  RELX PLC | 201785 | 7177261 |
|  Rolls-Royce Holdings PLC | 268835 | 4469736 |
|  RS Group PLC | 184397 | 1691936 |
|  Segro PLC | 229949 | 2397956 |
|  Smith & Nephew PLC | 127799 | 2178388 |
|  Smiths Group PLC | 30397 | 1045572 |
|  SSE PLC | 51740 | 1719162 |
|  Standard Chartered PLC | 88041 | 2248065 |
|  Taylor Wimpey PLC | 3817858 | 5578967 |
|  Unilever PLC | 78859 | 5347504 |
|  WH Smith PLC | 159154 | 1471858 |
|  Whitbread PLC | 131398 | 4905425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks** |  | **126710071** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total United Kingdom (Cost $105,365,946)** |  | **126710071** |

---

*See accompanying notes* 

------

**American Beacon International Equity Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  **United States - 10.2%** |  |  |
|  **Common Stocks - 10.2%** |  |  |
|  Aegon Ltd. | 504995 | $3975464 |
|  Amcor PLC, CDI | 42349 | 1833305 |
|  Aon PLC, Class A | 8545 | 2987674 |
|  BP PLC | 645025 | 4078846 |
|  Carnival PLC<sup>B</sup> | 145450 | 4320681 |
|  Chubb Ltd. | 5355 | 1657694 |
|  CNH Industrial NV | 104960 | 1129370 |
|  CRH PLC | 16564 | 2027599 |
|  GSK PLC | 392046 | 10066602 |
|  ICON PLC<sup>B</sup> | 8888 | 1602062 |
|  Medtronic PLC | 26393 | 2717423 |
|  Roche Holding AG | 23579 | 10700269 |
|  Sanofi SA | 59004 | 5550793 |
|  Shell PLC | 276407 | 10594343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stocks** |  | **63242125** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total United States (Cost $55,768,593)** |  | **63242125** |
|  SHORT-TERM INVESTMENTS - 1.9% (Cost $11,985,810) |  |  |
|  **Investment Companies - 1.9%** |  |  |
|  American Beacon U.S. Government Money Market Select Fund, 3.58%<sup>E F</sup> | 11985810 | **11985810** |
|  SECURITIES LENDING COLLATERAL - 0.0% (Cost $148,405) |  |  |
|  **Investment Companies - 0.0%** |  |  |
|  American Beacon U.S. Government Money Market Select Fund, 3.58%<sup>E F</sup> | 148405 | **148405** |
|  **TOTAL INVESTMENTS - 99.7% (Cost $527,418,206)** |  | **618379521** |
|  **OTHER ASSETS, NET OF LIABILITIES - 0.3%** |  | **1703290** |
|  **TOTAL NET ASSETS - 100.0%** |  | $**620082811** |

---

Percentages are stated as a percent of net assets.

<sup>A</sup> All or a portion of this security is on loan, collateralized by either cash and/or U.S. Treasuries at January 31, 2026.

<sup>B</sup> Non-income producing security.

<sup>C</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 $6,970,348 or 1.1% of net assets. The Fund has no right to demand registration of these securities. 

<sup>D</sup> A type of Preferred Stock that has no maturity date.

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

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

ADR - American Depositary Receipt.

CDI - CHESS (Clearing House Electronic Subregister System) Depositary Interest.

PLC - Public Limited Company.

***Long Futures Contracts Open on January 31, 2026:***

**Equity Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of<br>Contracts** | **Expiration Date** | **Notional Amount** | **Contract Value** | **Unrealized<br>Appreciation**<br>**(Depreciation)** |
|  ICE U.S. Mini MSCI EAFE Index Futures | 92 | March 2026 | $13848986 | $13969280 | $120294 |
|  |  |  | $13848986 | $13969280 | $120294 |

---

*See accompanying notes* 

------

**American Beacon International Equity Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

***Glossary:***

**<u>Index Abbreviations:</u>**

MSCI EAFE Morgan Stanley Capital International - Europe, Australasia, and Far East.

**<u>Exchange Abbreviations:</u>**

ICE Intercontinental Exchange.

The Fund's investments are summarized by level based on the inputs used to determine their values. As of January 31, 2026, the investments were classified as described below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **International Equity Fund** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  ***Assets*** |  |  |  |  |
|  Foreign Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia | $— | $3077284 | $— | $3077284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Austria |  | 4541397 |  | 4541397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Belgium |  | 8874294 |  | 8874294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | 12237602 |  |  | 12237602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China |  | 18817594 |  | 18817594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denmark |  | 6522649 |  | 6522649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 104517660 |  | 104517660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany |  | 60184384 |  | 60184384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel |  | 4178820 |  | 4178820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy | 80961 | 14059224 |  | 14140185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan |  | 68597887 |  | 68597887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands | 315015 | 35837363 |  | 36152378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Republic of Korea |  | 23249867 |  | 23249867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Singapore |  | 6991251 |  | 6991251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa |  | 2966598 |  | 2966598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  | 19349159 |  | 19349159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sweden |  | 8849544 |  | 8849544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland |  | 11382711 |  | 11382711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 5340954 | 121369117 |  | 126710071 |
|  Foreign Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  | 1661846 |  | 1661846 |
|  Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | 12121822 | 51120303 |  | 63242125 |
|  Short-Term Investments | 11985810 |  |  | 11985810 |
|  Securities Lending Collateral | 148405 |  |  | 148405 |
|  Total Investments in Securities - Assets | $42230569 | $576148952 | $— | $618379521 |
|  ***Financial Derivative Instruments - Assets*** |  |  |  |  |
|  Futures Contracts | $120294 | $— | $— | $120294 |
|  Total Financial Derivative Instruments - Assets | $120294 | $— | $— | $120294 |

---

U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended January 31, 2026, there were no transfers into or out of Level 3.

*See accompanying notes* 

------

**American Beacon Large Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.4% |  |  |
|  **Communication Services - 2.9%** |  |  |
|  **Diversified Telecommunication Services - 0.9%** |  |  |
|  Comcast Corp., Class A | 1005193 | $**29904492** |
|  **Interactive Media & Services - 1.5%** |  |  |
|  Alphabet, Inc., Class A | 146226 | **49424388** |
|  **Media - 0.5%** |  |  |
|  Omnicom Group, Inc. | 198700 | 15307848 |
|  Versant Media Group, Inc.<sup>A</sup> | 40207 | 1309944 |
|  |  | **16617792** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** |  | **95946672** |
|  **Consumer Discretionary - 6.2%** |  |  |
|  **Automobile Components - 1.3%** |  |  |
|  Aptiv PLC<sup>A</sup> | 478528 | 36248496 |
|  BorgWarner, Inc. | 119881 | 5683558 |
|  |  | **41932054** |
|  **Automobiles - 0.8%** |  |  |
|  General Motors Co. | 323209 | **27149556** |
|  **Distributors - 0.3%** |  |  |
|  Genuine Parts Co. | 58600 | **8144814** |
|  **Hotels, Restaurants & Leisure - 2.7%** |  |  |
|  Carnival Corp.<sup>A</sup> | 1580568 | 47448651 |
|  Marriott International, Inc., Class A | 54358 | 17139077 |
|  Wynn Resorts Ltd. | 231377 | 24861459 |
|  |  | **89449187** |
|  **Household Durables - 0.3%** |  |  |
|  Lennar Corp., Class A | 88216 | **9646420** |
|  **Specialty Retail - 0.8%** |  |  |
|  Lithia Motors, Inc. | 15492 | 5010733 |
|  Lowe's Cos., Inc. | 80403 | 21472425 |
|  |  | **26483158** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | **202805189** |
|  **Consumer Staples - 3.6%** |  |  |
|  **Beverages - 1.6%** |  |  |
|  Constellation Brands, Inc., Class A | 74722 | 11708937 |
|  Keurig Dr. Pepper, Inc. | 1044645 | 28665059 |
|  PepsiCo, Inc. | 78647 | 12082539 |
|  |  | **52456535** |
|  **Food Products - 1.4%** |  |  |
|  Conagra Brands, Inc. | 222994 | 4127619 |
|  J.M. Smucker Co. | 81794 | 8576919 |
|  Kraft Heinz Co. | 604614 | 14353536 |
|  Mondelez International, Inc., Class A | 199160 | 11644885 |
|  Nestle SA, ADR | 68465 | 6508283 |
|  |  | **45211242** |
|  **Household Products - 0.2%** |  |  |
|  Kimberly-Clark Corp. | 81981 | **8197280** |
|  **Personal Products - 0.1%** |  |  |
|  Kenvue, Inc. | 152487 | **2653274** |

---

*See accompanying notes* 

------

**American Beacon Large Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.4% (continued) |  |  |
|  **Consumer Staples - 3.6% (continued)** |  |  |
|  **Tobacco - 0.3%** |  |  |
|  Philip Morris International, Inc. | 50575 | $**9075178** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | **117593509** |
|  **Energy - 8.0%** |  |  |
|  **Energy Equipment & Services - 1.4%** |  |  |
|  Halliburton Co. | 456487 | 15301444 |
|  NOV, Inc. | 698571 | 12818778 |
|  SLB Ltd. | 354507 | 17151049 |
|  |  | **45271271** |
|  **Oil, Gas & Consumable Fuels - 6.6%** |  |  |
|  APA Corp. | 1278087 | 33754278 |
|  Chevron Corp. | 231456 | 40944566 |
|  ConocoPhillips | 286820 | 29895249 |
|  EOG Resources, Inc. | 63459 | 7115658 |
|  Exxon Mobil Corp. | 402271 | 56881119 |
|  Murphy Oil Corp. | 66745 | 2008357 |
|  Ovintiv, Inc. | 326070 | 14174263 |
|  Permian Resources Corp. | 863333 | 13925561 |
|  Shell PLC, ADR | 238237 | 18351396 |
|  |  | **217050447** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | **262321718** |
|  **Financials - 22.9%** |  |  |
|  **Banks - 9.2%** |  |  |
|  Bank of America Corp. | 888672 | 47277350 |
|  Citigroup, Inc. | 457447 | 52931192 |
|  Citizens Financial Group, Inc. | 184623 | 11627556 |
|  First Citizens BancShares, Inc., Class A | 5780 | 11962115 |
|  JPMorgan Chase & Co. | 158795 | 48573803 |
|  PNC Financial Services Group, Inc. | 91269 | 20380368 |
|  Truist Financial Corp. | 239316 | 12305629 |
|  U.S. Bancorp | 431240 | 24196876 |
|  Wells Fargo & Co. | 570553 | 51629341 |
|  Western Alliance Bancorp | 216265 | 19280025 |
|  |  | **300164255** |
|  **Capital Markets - 3.9%** |  |  |
|  ARES Management Corp., Class A | 25404 | 3802216 |
|  Blackrock, Inc. | 15122 | 16920611 |
|  KKR & Co., Inc. | 139345 | 15921560 |
|  LPL Financial Holdings, Inc. | 67539 | 24617965 |
|  Morgan Stanley | 143341 | 26202735 |
|  Nasdaq, Inc. | 213327 | 20669253 |
|  State Street Corp. | 159612 | 20886826 |
|  |  | **129021166** |
|  **Consumer Finance - 2.1%** |  |  |
|  American Express Co. | 130976 | 46125818 |
|  Capital One Financial Corp. | 48975 | 10722097 |
|  SLM Corp. | 400527 | 10874308 |
|  |  | **67722223** |
|  **Financial Services - 2.3%** |  |  |
|  Berkshire Hathaway, Inc., Class B<sup>A</sup> | 61958 | 29772678 |
|  Corebridge Financial, Inc. | 330570 | 10191473 |
|  Fidelity National Information Services, Inc. | 495654 | 27384884 |

---

*See accompanying notes* 

------

**American Beacon Large Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.4% (continued) |  |  |
|  **Financials - 22.9% (continued)** |  |  |
|  **Financial Services - 2.3% (continued)** |  |  |
|  Fiserv, Inc.<sup>A</sup> | 121539 | $7745680 |
|  |  | **75094715** |
|  **Insurance - 5.4%** |  |  |
|  American International Group, Inc. | 576112 | 43139267 |
|  Aon PLC, Class A | 52253 | 18269739 |
|  Chubb Ltd. | 60176 | 18628082 |
|  Everest Group Ltd. | 26242 | 8693450 |
|  Hartford Insurance Group, Inc. | 57799 | 7806333 |
|  Marsh & McLennan Cos., Inc. | 104366 | 19640637 |
|  Progressive Corp. | 156820 | 32618560 |
|  Travelers Cos., Inc. | 69107 | 19661633 |
|  Willis Towers Watson PLC | 30962 | 9829506 |
|  |  | **178287207** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | **750289566** |
|  **Health Care - 13.0%** |  |  |
|  **Biotechnology - 0.5%** |  |  |
|  AbbVie, Inc. | 71079 | **15851328** |
|  **Health Care Equipment & Supplies - 3.3%** |  |  |
|  Abbott Laboratories | 143744 | 15711219 |
|  GE HealthCare Technologies, Inc. | 502506 | 39682899 |
|  Medline, Inc., Class A<sup>A</sup> | 41092 | 1816266 |
|  Medtronic PLC | 389148 | 40066678 |
|  Solventum Corp.<sup>A</sup> | 8825 | 679260 |
|  Zimmer Biomet Holdings, Inc. | 124896 | 10874695 |
|  |  | **108831017** |
|  **Health Care Providers & Services - 5.9%** |  |  |
|  Centene Corp.<sup>A</sup> | 108391 | 4695498 |
|  Cigna Group | 129720 | 35557549 |
|  CVS Health Corp. | 108216 | 8064256 |
|  Elevance Health, Inc. | 143517 | 49619568 |
|  HCA Healthcare, Inc. | 16955 | 8278618 |
|  Humana, Inc. | 81420 | 15893184 |
|  Labcorp Holdings, Inc. | 40743 | 11062539 |
|  McKesson Corp. | 39023 | 32436308 |
|  UnitedHealth Group, Inc. | 102360 | 29370155 |
|  |  | **194977675** |
|  **Life Sciences Tools & Services - 0.3%** |  |  |
|  Avantor, Inc.<sup>A</sup> | 1061116 | **11587387** |
|  **Pharmaceuticals - 3.0%** |  |  |
|  GSK PLC, ADR | 109433 | 5646743 |
|  Johnson & Johnson | 132106 | 30021088 |
|  Merck & Co., Inc. | 329128 | 36292945 |
|  Pfizer, Inc. | 325791 | 8613914 |
|  Sanofi SA, ADR | 356620 | 16775405 |
|  |  | **97350095** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** |  | **428597502** |
|  **Industrials - 12.9%** |  |  |
|  **Aerospace & Defense - 3.6%** |  |  |
|  Boeing Co.<sup>A</sup> | 172515 | 40320206 |
|  General Dynamics Corp. | 90319 | 31710097 |
|  Northrop Grumman Corp. | 21322 | 14760368 |

---

*See accompanying notes* 

------

**American Beacon Large Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.4% (continued) |  |  |
|  **Industrials - 12.9% (continued)** |  |  |
|  **Aerospace & Defense - 3.6% (continued)** |  |  |
|  RTX Corp. | 154231 | $30989635 |
|  |  | **117780306** |
|  **Air Freight & Logistics - 0.9%** |  |  |
|  FedEx Corp. | 87016 | **28040906** |
|  **Building Products - 1.0%** |  |  |
|  Johnson Controls International PLC | 258718 | 30854709 |
|  Trane Technologies PLC | 7299 | 3069813 |
|  |  | **33924522** |
|  **Construction & Engineering - 0.4%** |  |  |
|  AECOM | 81824 | 7890289 |
|  Fluor Corp.<sup>A</sup> | 79817 | 3686747 |
|  |  | **11577036** |
|  **Electrical Equipment - 0.8%** |  |  |
|  Eaton Corp. PLC | 31556 | 11089410 |
|  Vertiv Holdings Co., Class A | 83072 | 15466345 |
|  |  | **26555755** |
|  **Ground Transportation - 1.3%** |  |  |
|  JB Hunt Transport Services, Inc. | 77448 | 15700258 |
|  Norfolk Southern Corp. | 28691 | 8355967 |
|  Union Pacific Corp. | 75469 | 17742762 |
|  |  | **41798987** |
|  **Industrial Conglomerates - 0.4%** |  |  |
|  Honeywell International, Inc. | 63549 | **14458669** |
|  **Machinery - 4.0%** |  |  |
|  Caterpillar, Inc. | 11719 | 7703602 |
|  CNH Industrial NV | 1509559 | 16242855 |
|  Cummins, Inc. | 23332 | 13505028 |
|  Deere & Co. | 16446 | 8683488 |
|  Fortive Corp. | 482719 | 25492390 |
|  Illinois Tool Works, Inc. | 43239 | 11296621 |
|  Otis Worldwide Corp. | 31772 | 2713964 |
|  PACCAR, Inc. | 274315 | 33716057 |
|  Stanley Black & Decker, Inc. | 80195 | 6308139 |
|  Timken Co. | 62558 | 5829780 |
|  |  | **131491924** |
|  **Professional Services - 0.3%** |  |  |
|  Equifax, Inc. | 53463 | **10767448** |
|  **Trading Companies & Distributors - 0.2%** |  |  |
|  WW Grainger, Inc. | 5397 | **5828436** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  | **422223989** |
|  **Information Technology - 10.8%** |  |  |
|  **Communications Equipment - 1.6%** |  |  |
|  F5, Inc.<sup>A</sup> | 184371 | **50814491** |
|  **Electronic Equipment, Instruments & Components - 0.1%** |  |  |
|  CDW Corp. | 11700 | **1478763** |
|  **IT Services - 1.2%** |  |  |
|  Accenture PLC, Class A | 73865 | 19473769 |

---

*See accompanying notes* 

------

**American Beacon Large Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.4% (continued) |  |  |
|  **Information Technology - 10.8% (continued)** |  |  |
|  **IT Services - 1.2% (continued)** |  |  |
|  Cognizant Technology Solutions Corp., Class A | 254008 | $20843896 |
|  |  | **40317665** |
|  **Semiconductors & Semiconductor Equipment - 4.5%** |  |  |
|  Analog Devices, Inc. | 77714 | 24159728 |
|  Entegris, Inc. | 278210 | 32848255 |
|  KLA Corp. | 14238 | 20331010 |
|  Microchip Technology, Inc. | 420300 | 31909176 |
|  QUALCOMM, Inc. | 153994 | 23343950 |
|  Texas Instruments, Inc. | 73981 | 15946605 |
|  |  | **148538724** |
|  **Software - 3.0%** |  |  |
|  Oracle Corp. | 98886 | 16274658 |
|  Salesforce, Inc. | 150832 | 32020125 |
|  Workday, Inc., Class A<sup>A</sup> | 282143 | 49552775 |
|  |  | **97847558** |
|  **Technology Hardware, Storage & Peripherals - 0.4%** |  |  |
|  Hewlett Packard Enterprise Co. | 661942 | **14244992** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | **353242193** |
|  **Materials - 3.3%** |  |  |
|  **Chemicals - 2.4%** |  |  |
|  Air Products & Chemicals, Inc. | 87877 | 23946483 |
|  Axalta Coating Systems Ltd.<sup>A</sup> | 589850 | 19807163 |
|  Olin Corp. | 351280 | 7310137 |
|  PPG Industries, Inc. | 206234 | 23846837 |
|  Sherwin-Williams Co. | 12466 | 4420942 |
|  |  | **79331562** |
|  **Construction Materials - 0.3%** |  |  |
|  CRH PLC | 74829 | **9159818** |
|  **Metals & Mining - 0.6%** |  |  |
|  Freeport-McMoRan, Inc. | 341300 | **20556499** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** |  | **109047879** |
|  **Real Estate - 2.1%** |  |  |
|  **Industrial REITs - 1.0%** |  |  |
|  Prologis, Inc. | 238858 | **31185300** |
|  **Specialized REITs - 1.1%** |  |  |
|  Public Storage | 65019 | 17957598 |
|  VICI Properties, Inc. | 672191 | 18875123 |
|  |  | **36832721** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate** |  | **68018021** |
|  **Utilities - 6.7%** |  |  |
|  **Electric Utilities - 5.3%** |  |  |
|  American Electric Power Co., Inc. | 43196 | 5173801 |
|  Duke Energy Corp. | 172627 | 20948287 |
|  Entergy Corp. | 286721 | 27493677 |
|  NextEra Energy, Inc. | 93520 | 8220408 |
|  PG&E Corp. | 1794634 | 27673256 |
|  Pinnacle West Capital Corp. | 244227 | 22849878 |
|  PPL Corp. | 235784 | 8547170 |
|  Southern Co. | 168459 | 15045073 |

---

*See accompanying notes* 

------

**American Beacon Large Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.4% (continued) |  |  |
|  **Utilities - 6.7% (continued)** |  |  |
|  **Electric Utilities - 5.3% (continued)** |  |  |
|  Xcel Energy, Inc. | 512688 | $38995049 |
|  |  | **174946599** |
|  **Multi-Utilities - 1.4%** |  |  |
|  Dominion Energy, Inc. | 728878 | **43856589** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  | **218803188** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stocks (Cost $2,010,864,822)** |  | **3028889426** |
|  FOREIGN COMMON STOCKS - 4.7% |  |  |
|  **Communication Services - 0.3%** |  |  |
|  **Media - 0.3%** |  |  |
|  WPP PLC, ADR<sup>B</sup> | 388476 | **8111379** |
|  **Consumer Discretionary - 0.6%** |  |  |
|  **Automobile Components - 0.6%** |  |  |
|  Magna International, Inc. | 368063 | **18822742** |
|  **Consumer Staples - 1.4%** |  |  |
|  **Beverages - 0.5%** |  |  |
|  Anheuser-Busch InBev SA, ADR<sup>B</sup> | 83143 | 5959690 |
|  Coca-Cola Europacific Partners PLC | 61485 | 5638175 |
|  Diageo PLC, ADR<sup>B</sup> | 33671 | 3124669 |
|  |  | **14722534** |
|  **Household Products - 0.2%** |  |  |
|  Reckitt Benckiser Group PLC, ADR | 451690 | **7529672** |
|  **Personal Products - 0.7%** |  |  |
|  Unilever PLC | 342129 | **23387938** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | **45640144** |
|  **Financials - 0.6%** |  |  |
|  **Banks - 0.6%** |  |  |
|  Bank of Nova Scotia | 282070 | **21076270** |
|  **Information Technology - 1.8%** |  |  |
|  **Communications Equipment - 1.1%** |  |  |
|  Telefonaktiebolaget LM Ericsson, ADR<sup>B</sup> | 3287296 | **35502797** |
|  **Electronic Equipment, Instruments & Components - 0.2%** |  |  |
|  TE Connectivity PLC | 32393 | **7216512** |
|  **Semiconductors & Semiconductor Equipment - 0.5%** |  |  |
|  NXP Semiconductors NV | 72670 | **16433594** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | **59152903** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks (Cost $109,892,662)** |  | **152803438** |
|  SHORT-TERM INVESTMENTS - 2.6% (Cost $84,804,835) |  |  |
|  **Investment Companies - 2.6%** |  |  |
|  American Beacon U.S. Government Money Market Select Fund, 3.58%<sup>C D</sup> | 84804835 | **84804835** |

---

*See accompanying notes* 

------

**American Beacon Large Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  SECURITIES LENDING COLLATERAL - 0.9% (Cost $30,308,502) |  |  |
|  **Investment Companies - 0.9%** |  |  |
|  American Beacon U.S. Government Money Market Select Fund, 3.58%<sup>C D</sup> | 30308502 | $**30308502** |
|  **TOTAL INVESTMENTS - 100.6% (Cost $2,235,870,821)** |  | **3296806201** |
|  **LIABILITIES, NET OF OTHER ASSETS - (0.6%)** |  | **(18430224)** |
|  **TOTAL NET ASSETS - 100.0%** |  | $**3278375977** |

---

Percentages are stated as a percent of net assets.

<sup>A</sup> Non-income producing security.

<sup>B</sup> All or a portion of this security is on loan, collateralized by either cash and/or U.S. Treasuries at January 31, 2026.

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

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

ADR - American Depositary Receipt.

PLC - Public Limited Company.

REITs - Real Estate Investment Trusts.

***Long Futures Contracts Open on January 31, 2026:***

**Equity Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of<br>Contracts** | **Expiration Date** | **Notional Amount** | **Contract<br>Value** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  CME E-Mini S&P 500 ESG Index Futures | 282 | March 2026 | $98136129 | $98217075 | $80946 |
|  |  |  | $98136129 | $98217075 | $80946 |

---

***Glossary:***

**<u>Index Abbreviations:</u>**

S&P 500 Standard & Poor's 500 Index - U.S. Equity Large-Cap Index.

**<u>Exchange Abbreviations:</u>**

CME Chicago Mercantile Exchange.

**<u>Other Abbreviations:</u>**

ESG Environmental, Social, Governance.

The Fund's investments are summarized by level based on the inputs used to determine their values. As of January 31, 2026, the investments were classified as described below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Large Cap Value Fund** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  ***Assets*** |  |  |  |  |
|  Common Stocks | $3028889426 | $— | $— | $3028889426 |
|  Foreign Common Stocks | 152803438 |  |  | 152803438 |
|  Short-Term Investments | 84804835 |  |  | 84804835 |
|  Securities Lending Collateral | 30308502 |  |  | 30308502 |
|  Total Investments in Securities - Assets | $3296806201 | $— | $— | $3296806201 |
|  ***Financial Derivative Instruments - Assets*** |  |  |  |  |
|  Futures Contracts | $80946 | $— | $— | $80946 |
|  Total Financial Derivative Instruments - Assets | $80946 | $— | $— | $80946 |

---

U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended January 31, 2026, there were no transfers into or out of Level 3.

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.7% |  |  |
|  **Communication Services - 1.6%** |  |  |
|  **Interactive Media & Services - 0.2%** |  |  |
|  IAC, Inc.<sup>A</sup> | 187600 | $6931820 |
|  Ziff Davis, Inc.<sup>A</sup> | 25600 | 978432 |
|  |  | **7910252** |
|  **Media - 1.4%** |  |  |
|  National CineMedia, Inc.<sup>B</sup> | 1212464 | 4376995 |
|  Nexstar Media Group, Inc. | 47770 | 10145393 |
|  Scholastic Corp.<sup>B</sup> | 36600 | 1279902 |
|  Stagwell, Inc.<sup>A B</sup> | 5234448 | 31459033 |
|  TEGNA, Inc. | 276790 | 5303296 |
|  |  | **52564619** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** |  | **60474871** |
|  **Consumer Discretionary - 11.7%** |  |  |
|  **Automobile Components - 2.4%** |  |  |
|  Adient PLC<sup>A</sup> | 644025 | 13395720 |
|  American Axle & Manufacturing Holdings, Inc.<sup>A B</sup> | 1500487 | 11958881 |
|  BorgWarner, Inc. | 150063 | 7114487 |
|  Gentherm, Inc.<sup>A</sup> | 284750 | 9100610 |
|  Goodyear Tire & Rubber Co.<sup>A</sup> | 719500 | 6770495 |
|  Lear Corp. | 181794 | 21286259 |
|  Phinia, Inc. | 82540 | 5874372 |
|  Standard Motor Products, Inc. | 54500 | 2176185 |
|  Visteon Corp. | 62860 | 5711460 |
|  XPEL, Inc.<sup>A</sup> | 137069 | 7060424 |
|  |  | **90448893** |
|  **Automobiles - 0.5%** |  |  |
|  Thor Industries, Inc. | 142583 | 15950760 |
|  Winnebago Industries, Inc. | 74042 | 3399268 |
|  |  | **19350028** |
|  **Broadline Retail - 0.2%** |  |  |
|  Kohl's Corp. | 159500 | 2786465 |
|  Macy's, Inc. | 317100 | 6348342 |
|  |  | **9134807** |
|  **Distributors - 0.1%** |  |  |
|  GigaCloud Technology, Inc., Class A<sup>A</sup> | 26700 | 1066131 |
|  Gold.com, Inc. | 35100 | 1819935 |
|  |  | **2886066** |
|  **Diversified Consumer Services - 0.3%** |  |  |
|  Graham Holdings Co., Class B | 5400 | 6299802 |
|  Perdoceo Education Corp. | 133280 | 4268958 |
|  |  | **10568760** |
|  **Hotels, Restaurants & Leisure - 1.9%** |  |  |
|  Cheesecake Factory, Inc.<sup>B</sup> | 189549 | 10986260 |
|  Dine Brands Global, Inc.<sup>B</sup> | 13300 | 457387 |
|  Golden Entertainment, Inc. | 61590 | 1658003 |
|  Marriott Vacations Worldwide Corp. | 432554 | 23492008 |
|  Papa John's International, Inc.<sup>B</sup> | 411210 | 14462256 |
|  Travel & Leisure Co. | 162850 | 11324589 |
|  Wyndham Hotels & Resorts, Inc. | 173504 | 12629356 |
|  |  | **75009859** |
|  **Household Durables - 1.9%** |  |  |
|  Beazer Homes USA, Inc.<sup>A</sup> | 27400 | 591018 |
|  Century Communities, Inc. | 241094 | 15184100 |

---

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.7% (continued) |  |  |
|  **Consumer Discretionary - 11.7% (continued)** |  |  |
|  **Household Durables - 1.9% (continued)** |  |  |
|  Ethan Allen Interiors, Inc. | 40170 | $921098 |
|  Green Brick Partners, Inc.<sup>A</sup> | 106929 | 7419804 |
|  KB Home | 252745 | 14542947 |
|  Leggett & Platt, Inc. | 39300 | 458631 |
|  M/I Homes, Inc.<sup>A</sup> | 39800 | 5321260 |
|  Meritage Homes Corp. | 100200 | 6964902 |
|  Newell Brands, Inc. | 3286744 | 13968662 |
|  Tri Pointe Homes, Inc.<sup>A</sup> | 188700 | 6293145 |
|  |  | **71665567** |
|  **Leisure Products - 1.1%** |  |  |
|  Brunswick Corp. | 302495 | 24266149 |
|  Callaway Golf Co.<sup>A</sup> | 221670 | 3180965 |
|  Johnson Outdoors, Inc., Class A | 13865 | 629332 |
|  Malibu Boats, Inc., Class A<sup>A</sup> | 12400 | 403000 |
|  Smith & Wesson Brands, Inc. | 52200 | 570024 |
|  YETI Holdings, Inc.<sup>A</sup> | 303958 | 13893920 |
|  |  | **42943390** |
|  **Specialty Retail - 2.8%** |  |  |
|  Abercrombie & Fitch Co., Class A<sup>A</sup> | 29700 | 2899611 |
|  Academy Sports & Outdoors, Inc. | 444017 | 24425375 |
|  Advance Auto Parts, Inc. | 55300 | 2654953 |
|  Asbury Automotive Group, Inc.<sup>A</sup> | 47100 | 11045421 |
|  Boot Barn Holdings, Inc.<sup>A</sup> | 35645 | 6361919 |
|  Buckle, Inc. | 121560 | 5749788 |
|  Group 1 Automotive, Inc. | 23900 | 8466814 |
|  Lithia Motors, Inc. | 69381 | 22440591 |
|  MarineMax, Inc.<sup>A</sup> | 32300 | 873069 |
|  Sally Beauty Holdings, Inc.<sup>A</sup> | 149700 | 2278434 |
|  Signet Jewelers Ltd. | 58200 | 5370114 |
|  Sonic Automotive, Inc., Class A<sup>B</sup> | 233306 | 13989028 |
|  |  | **106555117** |
|  **Textiles, Apparel & Luxury Goods - 0.5%** |  |  |
|  G-III Apparel Group Ltd. | 60100 | 1763935 |
|  PVH Corp. | 68500 | 4271660 |
|  VF Corp. | 641715 | 12571197 |
|  |  | **18606792** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | **447169279** |
|  **Consumer Staples - 1.9%** |  |  |
|  **Consumer Staples Distribution & Retail - 0.3%** |  |  |
|  Andersons, Inc. | 40400 | 2504396 |
|  Ingles Markets, Inc., Class A | 36700 | 2747362 |
|  United Natural Foods, Inc.<sup>A</sup> | 107160 | 3989567 |
|  Village Super Market, Inc., Class A | 17560 | 626189 |
|  |  | **9867514** |
|  **Food Products - 0.9%** |  |  |
|  Darling Ingredients, Inc.<sup>A</sup> | 444658 | 20303084 |
|  Fresh Del Monte Produce, Inc. | 120980 | 4798067 |
|  J&J Snack Foods Corp. | 86391 | 8207145 |
|  Seneca Foods Corp., Class A<sup>A</sup> | 10440 | 1245805 |
|  |  | **34554101** |
|  **Household Products - 0.2%** |  |  |
|  Central Garden & Pet Co., Class A<sup>A</sup> | 311874 | **9565176** |

---

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.7% (continued) |  |  |
|  **Consumer Staples - 1.9% (continued)** |  |  |
|  **Personal Products - 0.4%** |  |  |
|  Herbalife Ltd.<sup>A</sup> | 66029 | $1138340 |
|  Interparfums, Inc. | 151157 | 14748389 |
|  |  | **15886729** |
|  **Tobacco - 0.1%** |  |  |
|  Universal Corp. | 61200 | **3463308** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | **73336828** |
|  **Energy - 7.6%** |  |  |
|  **Energy Equipment & Services - 3.3%** |  |  |
|  Atlas Energy Solutions, Inc.<sup>B</sup> | 1013760 | 11830579 |
|  Bristow Group, Inc.<sup>A</sup> | 72360 | 3180946 |
|  Expro Group Holdings NV<sup>A</sup> | 405261 | 6488229 |
|  Helmerich & Payne, Inc. | 255362 | 8651664 |
|  Kodiak Gas Services, Inc. | 288403 | 12115810 |
|  Noble Corp. PLC | 226000 | 8050120 |
|  NOV, Inc. | 1596950 | 29304032 |
|  Oceaneering International, Inc.<sup>A</sup> | 141900 | 4271190 |
|  Oil States International, Inc.<sup>A</sup> | 38700 | 327789 |
|  Patterson-UTI Energy, Inc. | 245400 | 1847862 |
|  RPC, Inc. | 203400 | 1352610 |
|  Select Water Solutions, Inc. | 816141 | 9867145 |
|  Transocean Ltd.<sup>A</sup> | 1567200 | 7788984 |
|  Valaris Ltd.<sup>A</sup> | 107760 | 6220985 |
|  Weatherford International PLC | 157772 | 14843190 |
|  |  | **126141135** |
|  **Oil, Gas & Consumable Fuels - 4.3%** |  |  |
|  APA Corp. | 559683 | 14781228 |
|  California Resources Corp. | 392090 | 20976815 |
|  Clean Energy Fuels Corp.<sup>A</sup> | 331350 | 728970 |
|  CNX Resources Corp.<sup>A</sup> | 167100 | 6483480 |
|  Crescent Energy Co., Class A | 134467 | 1313742 |
|  Green Plains, Inc.<sup>A</sup> | 99200 | 1136832 |
|  Gulfport Energy Corp.<sup>A</sup> | 43765 | 8935500 |
|  Infinity Natural Resources, Inc., Class A<sup>A</sup> | 409769 | 6507132 |
|  International Seaways, Inc. | 74720 | 4457048 |
|  Magnolia Oil & Gas Corp., Class A | 799937 | 20406393 |
|  Murphy Oil Corp.<sup>B</sup> | 722600 | 21743034 |
|  NextDecade Corp.<sup>A B</sup> | 207900 | 1099791 |
|  Northern Oil & Gas, Inc.<sup>B</sup> | 1136872 | 28421800 |
|  Ovintiv, Inc. | 90600 | 3938382 |
|  PBF Energy, Inc., Class A | 164847 | 5515781 |
|  Peabody Energy Corp. | 173100 | 6103506 |
|  Range Resources Corp. | 89400 | 3383790 |
|  Talos Energy, Inc.<sup>A</sup> | 241800 | 2882256 |
|  World Kinect Corp. | 143320 | 3856741 |
|  |  | **162672221** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | **288813356** |
|  **Financials - 20.9%** |  |  |
|  **Banks - 14.2%** |  |  |
|  Ameris Bancorp | 86300 | 6957506 |
|  Arrow Financial Corp. | 5800 | 196098 |
|  Associated Banc-Corp. | 443038 | 12077216 |
|  Atlantic Union Bankshares Corp. | 493485 | 19166957 |
|  Axos Financial, Inc.<sup>A</sup> | 78200 | 7741018 |
|  Banc of California, Inc. | 53700 | 1072926 |
|  Bank OZK | 143600 | 6829616 |

---

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.7% (continued) |  |  |
|  **Financials - 20.9% (continued)** |  |  |
|  **Banks - 14.2% (continued)** |  |  |
|  BankUnited, Inc. | 29180 | $1385175 |
|  Banner Corp. | 414124 | 25609428 |
|  Bar Harbor Bankshares | 17930 | 608006 |
|  Bridgewater Bancshares, Inc.<sup>A</sup> | 9800 | 188258 |
|  Business First Bancshares, Inc. | 25270 | 711856 |
|  Byline Bancorp, Inc. | 56910 | 1817136 |
|  Capitol Federal Financial, Inc. | 47100 | 342888 |
|  Cathay General Bancorp | 93000 | 4759740 |
|  Central Pacific Financial Corp. | 10110 | 329283 |
|  City Holding Co. | 121302 | 14931063 |
|  Civista Bancshares, Inc. | 6800 | 164084 |
|  Coastal Financial Corp.<sup>A</sup> | 66240 | 6344467 |
|  Community Financial System, Inc. | 162521 | 10157562 |
|  Community Trust Bancorp, Inc. | 23260 | 1435142 |
|  Community West Bancshares | 6800 | 162996 |
|  Cullen/Frost Bankers, Inc. | 108806 | 14995643 |
|  Customers Bancorp, Inc.<sup>A</sup> | 40880 | 3230338 |
|  Dime Community Bancshares, Inc. | 12900 | 438858 |
|  Eastern Bankshares, Inc. | 115190 | 2359667 |
|  Enterprise Financial Services Corp. | 41640 | 2388054 |
|  Equity Bancshares, Inc., Class A | 6700 | 309004 |
|  Farmers National Banc Corp. | 47070 | 610969 |
|  FB Financial Corp. | 590407 | 33966115 |
|  Financial Institutions, Inc. | 7100 | 233874 |
|  First Bancorp/Southern Pines NC | 276634 | 16025408 |
|  First Busey Corp. | 111410 | 2746256 |
|  First Commonwealth Financial Corp. | 133070 | 2399252 |
|  First Financial Bancorp | 118710 | 3411725 |
|  First Financial Corp. | 4100 | 267156 |
|  First Hawaiian, Inc. | 930063 | 24693173 |
|  First Merchants Corp. | 23390 | 929986 |
|  FNB Corp. | 447100 | 7846605 |
|  Fulton Financial Corp. | 205010 | 4233457 |
|  Glacier Bancorp, Inc. | 447509 | 22679756 |
|  Great Southern Bancorp, Inc. | 15330 | 940955 |
|  Hancock Whitney Corp. | 49960 | 3437248 |
|  Hanmi Financial Corp. | 10700 | 284299 |
|  Heritage Commerce Corp. | 21800 | 277514 |
|  Hilltop Holdings, Inc. | 89140 | 3338293 |
|  HomeTrust Bancshares, Inc. | 22750 | 980980 |
|  Hope Bancorp, Inc. | 47000 | 563060 |
|  Horizon Bancorp, Inc. | 15500 | 273110 |
|  Independent Bank Corp. | 303224 | 23933643 |
|  International Bancshares Corp. | 80800 | 5626912 |
|  Kearny Financial Corp. | 19300 | 150347 |
|  Live Oak Bancshares, Inc. | 519893 | 20774924 |
|  Mercantile Bank Corp. | 20740 | 1078065 |
|  Mid Penn Bancorp, Inc. | 8200 | 270518 |
|  National Bank Holdings Corp., Class A | 552072 | 22182253 |
|  NB Bancorp, Inc. | 16300 | 354036 |
|  NBT Bancorp, Inc. | 102394 | 4549365 |
|  Northeast Community Bancorp, Inc. | 900 | 21240 |
|  Northfield Bancorp, Inc. | 12400 | 152768 |
|  Northrim BanCorp, Inc. | 7900 | 186124 |
|  Northwest Bancshares, Inc. | 131100 | 1688568 |
|  OceanFirst Financial Corp. | 23100 | 433125 |
|  Old Second Bancorp, Inc. | 56710 | 1125126 |
|  Origin Bancorp, Inc. | 17180 | 735819 |
|  Orrstown Financial Services, Inc. | 6900 | 248538 |
|  Pathward Financial, Inc. | 32480 | 2932619 |
|  Peapack-Gladstone Financial Corp. | 1200 | 38064 |

---

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.7% (continued) |  |  |
|  **Financials - 20.9% (continued)** |  |  |
|  **Banks - 14.2% (continued)** |  |  |
|  Peoples Bancorp, Inc. | 46100 | $1499172 |
|  Preferred Bank | 19510 | 1673373 |
|  Provident Financial Services, Inc. | 94360 | 2089130 |
|  QCR Holdings, Inc. | 21970 | 1983012 |
|  Renasant Corp. | 767928 | 28958565 |
|  S&T Bancorp, Inc. | 47580 | 2028811 |
|  Seacoast Banking Corp. of Florida | 1064195 | 35586681 |
|  ServisFirst Bancshares, Inc. | 181907 | 14889088 |
|  Shore Bancshares, Inc. | 11900 | 225743 |
|  Sierra Bancorp | 900 | 31869 |
|  Simmons First National Corp., Class A | 853105 | 17343625 |
|  SmartFinancial, Inc. | 14330 | 572054 |
|  Southern Missouri Bancorp, Inc. | 14620 | 914773 |
|  Southside Bancshares, Inc. | 10700 | 344433 |
|  Texas Capital Bancshares, Inc.<sup>A</sup> | 304300 | 30786031 |
|  Third Coast Bancshares, Inc.<sup>A</sup> | 4900 | 198744 |
|  Towne Bank | 29200 | 1022000 |
|  Triumph Financial, Inc.<sup>A</sup> | 245763 | 15505188 |
|  TrustCo Bank Corp. | 21240 | 921816 |
|  Trustmark Corp. | 21290 | 905251 |
|  United Bankshares, Inc. | 72460 | 3067232 |
|  United Community Banks, Inc. | 63850 | 2198356 |
|  Univest Financial Corp. | 10100 | 334714 |
|  WaFd, Inc. | 135313 | 4413910 |
|  Washington Trust Bancorp, Inc. | 1300 | 44681 |
|  WesBanco, Inc. | 28280 | 998001 |
|  Westamerica BanCorp | 33450 | 1691901 |
|  WSFS Financial Corp. | 49760 | 3220965 |
|  Zions Bancorp NA | 121400 | 7273074 |
|  |  | **544053423** |
|  **Capital Markets - 2.2%** |  |  |
|  Artisan Partners Asset Management, Inc., Class A | 65000 | 2893800 |
|  Donnelley Financial Solutions, Inc.<sup>A</sup> | 149334 | 7728035 |
|  Federated Hermes, Inc. | 110400 | 5882112 |
|  Hamilton Lane, Inc., Class A | 101599 | 14349843 |
|  Oppenheimer Holdings, Inc., Class A | 15790 | 1326834 |
|  Perella Weinberg Partners<sup>B</sup> | 386195 | 8616010 |
|  Piper Sandler Cos. | 42778 | 14816160 |
|  Stifel Financial Corp. | 146782 | 18098221 |
|  Victory Capital Holdings, Inc., Class A | 85900 | 6058527 |
|  Virtu Financial, Inc., Class A | 49900 | 2071349 |
|  Virtus Investment Partners, Inc. | 8570 | 1399052 |
|  |  | **83239943** |
|  **Consumer Finance - 1.3%** |  |  |
|  Bread Financial Holdings, Inc. | 70560 | 5118422 |
|  Encore Capital Group, Inc.<sup>A</sup> | 31740 | 1752048 |
|  Enova International, Inc.<sup>A</sup> | 40100 | 6623317 |
|  EZCORP, Inc., Class A<sup>A</sup> | 87710 | 1881380 |
|  LendingClub Corp.<sup>A</sup> | 137720 | 2328845 |
|  Navient Corp. | 174380 | 1710668 |
|  Nelnet, Inc., Class A | 22870 | 3016553 |
|  PROG Holdings, Inc. | 36500 | 1184060 |
|  Regional Management Corp. | 6600 | 244530 |
|  SLM Corp. | 955147 | 25932241 |
|  World Acceptance Corp.<sup>A</sup> | 8390 | 1017287 |
|  |  | **50809351** |
|  **Financial Services - 1.5%** |  |  |
|  Burford Capital Ltd. | 998740 | 9677791 |

---

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.7% (continued) |  |  |
|  **Financials - 20.9% (continued)** |  |  |
|  **Financial Services - 1.5% (continued)** |  |  |
|  Euronet Worldwide, Inc.<sup>A</sup> | 39844 | $2887096 |
|  Merchants Bancorp | 35620 | 1476805 |
|  NCR Atleos Corp.<sup>A</sup> | 88700 | 3308510 |
|  NMI Holdings, Inc.<sup>A</sup> | 117390 | 4545341 |
|  Radian Group, Inc. | 205000 | 6744500 |
|  Walker & Dunlop, Inc. | 211215 | 13283311 |
|  WEX, Inc.<sup>A</sup> | 107966 | 16615968 |
|  |  | **58539322** |
|  **Insurance - 1.7%** |  |  |
|  American Coastal Insurance Corp. | 69320 | 765986 |
|  Assured Guaranty Ltd. | 76300 | 6474055 |
|  Baldwin Insurance Group, Inc.<sup>A B</sup> | 564926 | 12383178 |
|  CNO Financial Group, Inc. | 109230 | 4593122 |
|  Donegal Group, Inc., Class A | 34620 | 646355 |
|  Employers Holdings, Inc. | 34230 | 1493113 |
|  Genworth Financial, Inc.<sup>A</sup> | 621000 | 5179140 |
|  Global Indemnity Group LLC, Class A | 270304 | 7819895 |
|  Heritage Insurance Holdings, Inc.<sup>A</sup> | 31600 | 823812 |
|  Horace Mann Educators Corp. | 155551 | 6970240 |
|  Skyward Specialty Insurance Group, Inc.<sup>A</sup> | 180749 | 8065020 |
|  United Fire Group, Inc. | 38700 | 1390878 |
|  Universal Insurance Holdings, Inc. | 42950 | 1307828 |
|  White Mountains Insurance Group Ltd. | 2350 | 4805585 |
|  |  | **62718207** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | **799360246** |
|  **Health Care - 3.3%** |  |  |
|  **Biotechnology - 0.2%** |  |  |
|  Catalyst Pharmaceuticals, Inc.<sup>A</sup> | 185250 | 4501575 |
|  Emergent BioSolutions, Inc.<sup>A</sup> | 80450 | 912303 |
|  Rigel Pharmaceuticals, Inc.<sup>A</sup> | 44500 | 1551270 |
|  Vanda Pharmaceuticals, Inc.<sup>A</sup> | 38200 | 288028 |
|  |  | **7253176** |
|  **Health Care Equipment & Supplies - 1.4%** |  |  |
|  Embecta Corp. | 88260 | 936439 |
|  Haemonetics Corp.<sup>A</sup> | 158409 | 10559544 |
|  LivaNova PLC<sup>A</sup> | 269700 | 17721987 |
|  Merit Medical Systems, Inc.<sup>A</sup> | 185147 | 15013570 |
|  Solventum Corp.<sup>A</sup> | 139709 | 10753402 |
|  Varex Imaging Corp.<sup>A</sup> | 59100 | 823854 |
|  |  | **55808796** |
|  **Health Care Providers & Services - 1.0%** |  |  |
|  Addus HomeCare Corp.<sup>A</sup> | 76978 | 7965683 |
|  Centene Corp.<sup>A</sup> | 191500 | 8295780 |
|  Concentra Group Holdings Parent, Inc. | 638047 | 14151883 |
|  Fulgent Genetics, Inc.<sup>A</sup> | 77900 | 2040980 |
|  Pediatrix Medical Group, Inc.<sup>A</sup> | 213000 | 4553940 |
|  |  | **37008266** |
|  **Life Sciences Tools & Services - 0.0%** |  |  |
|  Azenta, Inc.<sup>A</sup> | 29800 | 1158624 |
|  CryoPort, Inc.<sup>A</sup> | 71200 | 677112 |
|  |  | **1835736** |
|  **Pharmaceuticals - 0.7%** |  |  |
|  Amphastar Pharmaceuticals, Inc.<sup>A</sup> | 65400 | 1732446 |
|  Collegium Pharmaceutical, Inc.<sup>A</sup> | 81080 | 3723193 |

---

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.7% (continued) |  |  |
|  **Health Care - 3.3% (continued)** |  |  |
|  **Pharmaceuticals - 0.7% (continued)** |  |  |
|  CorMedix, Inc.<sup>A B</sup> | 112000 | $869120 |
|  Harmony Biosciences Holdings, Inc.<sup>A</sup> | 52454 | 1915620 |
|  Innoviva, Inc.<sup>A</sup> | 68900 | 1378000 |
|  Prestige Consumer Healthcare, Inc.<sup>A</sup> | 233993 | 15085529 |
|  SIGA Technologies, Inc. | 108060 | 724002 |
|  |  | **25427910** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** |  | **127333884** |
|  **Industrials - 20.8%** |  |  |
|  **Aerospace & Defense - 1.8%** |  |  |
|  AAR Corp.<sup>A</sup> | 343057 | 36333167 |
|  ATI, Inc.<sup>A</sup> | 259521 | 31220376 |
|  |  | **67553543** |
|  **Air Freight & Logistics - 0.4%** |  |  |
|  Hub Group, Inc., Class A | 290239 | **13809572** |
|  **Building Products - 2.0%** |  |  |
|  Apogee Enterprises, Inc. | 218720 | 8121074 |
|  AZZ, Inc. | 98767 | 12275750 |
|  Gibraltar Industries, Inc.<sup>A</sup> | 376602 | 19304619 |
|  Hayward Holdings, Inc.<sup>A</sup> | 908630 | 14665288 |
|  Quanex Building Products Corp. | 506952 | 9490142 |
|  UFP Industries, Inc. | 114637 | 11839709 |
|  |  | **75696582** |
|  **Commercial Services & Supplies - 1.9%** |  |  |
|  Brink's Co. | 79480 | 10097139 |
|  CoreCivic, Inc.<sup>A</sup> | 148800 | 2757264 |
|  Deluxe Corp. | 590666 | 15593582 |
|  Interface, Inc. | 704951 | 22184808 |
|  MillerKnoll, Inc. | 718495 | 14427380 |
|  Pitney Bowes, Inc. | 310340 | 3236846 |
|  Quad/Graphics, Inc. | 391375 | 2395215 |
|  |  | **70692234** |
|  **Construction & Engineering - 1.7%** |  |  |
|  Everus Construction Group, Inc.<sup>A</sup> | 157807 | 13964341 |
|  Fluor Corp.<sup>A</sup> | 493874 | 22812040 |
|  Great Lakes Dredge & Dock Corp.<sup>A</sup> | 168400 | 2522632 |
|  MYR Group, Inc.<sup>A</sup> | 33387 | 8348086 |
|  NWPX Infrastructure, Inc.<sup>A</sup> | 24600 | 1659270 |
|  WillScot Holdings Corp. | 855337 | 17132400 |
|  |  | **66438769** |
|  **Electrical Equipment - 1.0%** |  |  |
|  EnerSys | 74727 | 13465058 |
|  Regal Rexnord Corp. | 97312 | 15715888 |
|  Thermon Group Holdings, Inc.<sup>A</sup> | 187390 | 8479398 |
|  |  | **37660344** |
|  **Ground Transportation - 1.8%** |  |  |
|  ArcBest Corp. | 85469 | 7711013 |
|  Covenant Logistics Group, Inc. | 26980 | 663708 |
|  Heartland Express, Inc. | 50100 | 505509 |
|  Schneider National, Inc., Class B | 448187 | 12029339 |
|  U-Haul Holding Co. | 530184 | 27203741 |
|  Werner Enterprises, Inc. | 652940 | 22363195 |
|  |  | **70476505** |

---

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.7% (continued) |  |  |
|  **Industrials - 20.8% (continued)** |  |  |
|  **Machinery - 6.8%** |  |  |
|  Alamo Group, Inc. | 41999 | $8202825 |
|  Albany International Corp., Class A | 320374 | 17777553 |
|  Astec Industries, Inc. | 45540 | 2218709 |
|  Atmus Filtration Technologies, Inc. | 275676 | 15980938 |
|  Blue Bird Corp.<sup>A</sup> | 320310 | 16114796 |
|  Enerpac Tool Group Corp. | 393212 | 15870036 |
|  Flowserve Corp. | 173496 | 13558712 |
|  Greenbrier Cos., Inc. | 179437 | 9047214 |
|  Helios Technologies, Inc. | 300968 | 19496707 |
|  Hillman Solutions Corp.<sup>A</sup> | 1260583 | 11811663 |
|  Kennametal, Inc. | 212495 | 7307703 |
|  Lindsay Corp. | 61087 | 7652368 |
|  Manitowoc Co., Inc.<sup>A</sup> | 42500 | 549100 |
|  Miller Industries, Inc. | 140585 | 5759767 |
|  Standex International Corp. | 188927 | 45342480 |
|  Stanley Black & Decker, Inc. | 105200 | 8275032 |
|  Terex Corp. | 99300 | 5660100 |
|  Timken Co. | 358382 | 33397619 |
|  Titan International, Inc.<sup>A</sup> | 159100 | 1517814 |
|  Toro Co. | 153044 | 14003526 |
|  |  | **259544662** |
|  **Marine Transportation - 0.6%** |  |  |
|  Genco Shipping & Trading Ltd. | 64990 | 1358291 |
|  Kirby Corp.<sup>A</sup> | 195050 | 22949583 |
|  |  | **24307874** |
|  **Passenger Airlines - 0.2%** |  |  |
|  JetBlue Airways Corp.<sup>A</sup> | 235300 | 1145911 |
|  SkyWest, Inc.<sup>A</sup> | 81400 | 7856728 |
|  |  | **9002639** |
|  **Professional Services - 1.1%** |  |  |
|  ManpowerGroup, Inc. | 175040 | 6359203 |
|  Robert Half, Inc. | 623032 | 21563138 |
|  Verra Mobility Corp.<sup>A</sup> | 653963 | 12621486 |
|  |  | **40543827** |
|  **Trading Companies & Distributors - 1.5%** |  |  |
|  Boise Cascade Co. | 87434 | 7065542 |
|  DNOW, Inc.<sup>A</sup> | 1254128 | 19050204 |
|  MSC Industrial Direct Co., Inc., Class A | 144351 | 12174563 |
|  Rush Enterprises, Inc., Class A | 260853 | 16744154 |
|  Titan Machinery, Inc.<sup>A</sup> | 58400 | 950168 |
|  Transcat, Inc.<sup>A</sup> | 19499 | 1175985 |
|  Willis Lease Finance Corp. | 4400 | 802032 |
|  |  | **57962648** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  | **793689199** |
|  **Information Technology - 11.2%** |  |  |
|  **Communications Equipment - 3.1%** |  |  |
|  Ciena Corp.<sup>A</sup> | 137013 | 34501243 |
|  Extreme Networks, Inc.<sup>A</sup> | 853526 | 12444409 |
|  F5, Inc.<sup>A</sup> | 139296 | 38391371 |
|  Lumentum Holdings, Inc.<sup>A</sup> | 85718 | 33587741 |
|  |  | **118924764** |
|  **Electronic Equipment, Instruments & Components - 4.3%** |  |  |
|  Arrow Electronics, Inc.<sup>A</sup> | 15413 | 2042068 |
|  Avnet, Inc. | 715645 | 44649092 |

---

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.7% (continued) |  |  |
|  **Information Technology - 11.2% (continued)** |  |  |
|  **Electronic Equipment, Instruments & Components - 4.3% (continued)** |  |  |
|  Benchmark Electronics, Inc. | 58670 | $3059054 |
|  Climb Global Solutions, Inc. | 36978 | 4385221 |
|  Coherent Corp.<sup>A</sup> | 167964 | 35638601 |
|  IPG Photonics Corp.<sup>A</sup> | 43964 | 4062713 |
|  Kimball Electronics, Inc.<sup>A</sup> | 60500 | 1827705 |
|  Knowles Corp.<sup>A</sup> | 943907 | 22880306 |
|  Novanta, Inc.<sup>A</sup> | 117663 | 15830380 |
|  ScanSource, Inc.<sup>A</sup> | 43140 | 1854589 |
|  Vishay Intertechnology, Inc. | 869785 | 17526168 |
|  Vishay Precision Group, Inc.<sup>A</sup> | 110818 | 5549765 |
|  Vontier Corp. | 133800 | 5017500 |
|  |  | **164323162** |
|  **IT Services - 0.2%** |  |  |
|  ASGN, Inc.<sup>A</sup> | 151317 | **7882102** |
|  **Semiconductors & Semiconductor Equipment - 2.1%** |  |  |
|  Alpha & Omega Semiconductor Ltd.<sup>A</sup> | 19400 | 428740 |
|  Cohu, Inc.<sup>A</sup> | 573078 | 16355646 |
|  Diodes, Inc.<sup>A</sup> | 42800 | 2533332 |
|  Ichor Holdings Ltd.<sup>A</sup> | 592906 | 17988768 |
|  Penguin Solutions, Inc.<sup>A</sup> | 207195 | 3980216 |
|  Power Integrations, Inc. | 199612 | 9170175 |
|  Universal Display Corp. | 113615 | 13045275 |
|  Veeco Instruments, Inc.<sup>A</sup> | 475505 | 14850021 |
|  |  | **78352173** |
|  **Software - 1.5%** |  |  |
|  BlackLine, Inc.<sup>A</sup> | 296028 | 13756421 |
|  Consensus Cloud Solutions, Inc.<sup>A</sup> | 49240 | 1051767 |
|  Workiva, Inc.<sup>A</sup> | 376800 | 29021136 |
|  Zeta Global Holdings Corp., Class A<sup>A B</sup> | 785314 | 14591134 |
|  |  | **58420458** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | **427902659** |
|  **Materials - 6.7%** |  |  |
|  **Chemicals - 4.0%** |  |  |
|  Avient Corp. | 332482 | 12019224 |
|  Celanese Corp. | 70800 | 3146352 |
|  Ecovyst, Inc.<sup>A</sup> | 2288298 | 24278842 |
|  Hawkins, Inc. | 76815 | 10005154 |
|  HB Fuller Co. | 239132 | 14371833 |
|  Ingevity Corp.<sup>A</sup> | 44100 | 2901339 |
|  Innospec, Inc. | 102256 | 8356360 |
|  Intrepid Potash, Inc.<sup>A</sup> | 33400 | 1096856 |
|  Koppers Holdings, Inc. | 27900 | 821934 |
|  LSB Industries, Inc.<sup>A</sup> | 178000 | 1653620 |
|  Minerals Technologies, Inc. | 20100 | 1321776 |
|  Olin Corp. | 1285722 | 26755875 |
|  Quaker Chemical Corp. | 71289 | 10959971 |
|  Scotts Miracle-Gro Co. | 181430 | 11651435 |
|  Sensient Technologies Corp. | 151372 | 14307681 |
|  Stepan Co. | 203189 | 11705718 |
|  |  | **155353970** |
|  **Construction Materials - 0.7%** |  |  |
|  Knife River Corp.<sup>A</sup> | 389907 | **26190053** |

---

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.7% (continued) |  |  |
|  **Materials - 6.7% (continued)** |  |  |
|  **Containers & Packaging - 0.5%** |  |  |
|  Greif, Inc., Class A | 254601 | $**17979923** |
|  **Metals & Mining - 1.5%** |  |  |
|  Elah Holdings, Inc.<sup>A</sup> | 3122 | 37839 |
|  Ferroglobe PLC | 1957047 | 9295973 |
|  Kaiser Aluminum Corp. | 170874 | 20952570 |
|  Materion Corp. | 170533 | 23581303 |
|  Metallus, Inc.<sup>A</sup> | 63300 | 1262835 |
|  Ryerson Holding Corp. | 80400 | 2268888 |
|  |  | **57399408** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** |  | **256923354** |
|  **Real Estate - 3.6%** |  |  |
|  **Health Care REITs - 0.3%** |  |  |
|  Alexandria Real Estate Equities, Inc. | 188200 | **10283248** |
|  **Hotel & Resort REITs - 0.2%** |  |  |
|  Sunstone Hotel Investors, Inc. | 864345 | **7580306** |
|  **Office REITs - 0.4%** |  |  |
|  COPT Defense Properties | 527592 | **16255109** |
|  **Real Estate Management & Development - 0.6%** |  |  |
|  Howard Hughes Holdings, Inc.<sup>A</sup> | 62450 | 5099667 |
|  Jones Lang LaSalle, Inc.<sup>A</sup> | 8456 | 3026487 |
|  Newmark Group, Inc., Class A | 482529 | 8603492 |
|  RMR Group, Inc., Class A<sup>B</sup> | 123645 | 1873222 |
|  Seritage Growth Properties, Class A<sup>A B</sup> | 898083 | 2963674 |
|  Tejon Ranch Co.<sup>A B</sup> | 67690 | 1089132 |
|  |  | **22655674** |
|  **Retail REITs - 1.1%** |  |  |
|  InvenTrust Properties Corp. | 294552 | 8656883 |
|  NETSTREIT Corp. | 426059 | 8026952 |
|  NNN REIT, Inc. | 271799 | 11325864 |
|  Urban Edge Properties | 767192 | 14906541 |
|  |  | **42916240** |
|  **Specialized REITs - 1.0%** |  |  |
|  Four Corners Property Trust, Inc. | 591996 | 14592701 |
|  PotlatchDeltic Corp. | 584844 | 24405540 |
|  |  | **38998241** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate** |  | **138688818** |
|  **Utilities - 3.4%** |  |  |
|  **Electric Utilities - 0.9%** |  |  |
|  IDACORP, Inc. | 5732 | 761152 |
|  OGE Energy Corp. | 433149 | 18919948 |
|  Otter Tail Corp. | 50650 | 4515954 |
|  Portland General Electric Co. | 191100 | 9602775 |
|  |  | **33799829** |
|  **Gas Utilities - 0.8%** |  |  |
|  MDU Resources Group, Inc. | 1366185 | 28020454 |
|  Northwest Natural Holding Co. | 80090 | 3728991 |
|  |  | **31749445** |
|  **Multi-Utilities - 1.6%** |  |  |
|  Avista Corp. | 730332 | 30155408 |

---

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  COMMON STOCKS - 92.7% (continued) |  |  |
|  **Utilities - 3.4% (continued)** |  |  |
|  **Multi-Utilities - 1.6% (continued)** |  |  |
|  Black Hills Corp. | 201900 | $14734662 |
|  Northwestern Energy Group, Inc. | 235538 | 15983609 |
|  |  | **60873679** |
|  **Water Utilities - 0.1%** |  |  |
|  H2O America | 50900 | **2648836** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  | **129071789** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stocks (Cost $2,906,983,728)** |  | **3542764283** |
|  EXCHANGE-TRADED INSTRUMENTS - 0.0% (Cost $742,458) |  |  |
|  **Exchange-Traded Funds - 0.0%** |  |  |
|  iShares Russell 2000 Value ETF<sup>B</sup> | 3800 | **736744** |
|  FOREIGN COMMON STOCKS - 3.2% |  |  |
|  **Communication Services - 0.1%** |  |  |
|  **Interactive Media & Services - 0.1%** |  |  |
|  Webtoon Entertainment, Inc.<sup>A B</sup> | 186100 | **2249949** |
|  **Consumer Discretionary - 0.4%** |  |  |
|  **Automobile Components - 0.1%** |  |  |
|  Garrett Motion, Inc. | 304930 | **5500937** |
|  **Textiles, Apparel & Luxury Goods - 0.3%** |  |  |
|  Ermenegildo Zegna NV<sup>B</sup> | 1351596 | **11745370** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | **17246307** |
|  **Consumer Staples - 0.1%** |  |  |
|  **Food Products - 0.1%** |  |  |
|  SunOpta, Inc.<sup>A</sup> | 1293993 | **5926488** |
|  **Energy - 0.2%** |  |  |
|  **Energy Equipment & Services - 0.1%** |  |  |
|  Seadrill Ltd.<sup>A</sup> | 88800 | **3417024** |
|  **Oil, Gas & Consumable Fuels - 0.1%** |  |  |
|  Kosmos Energy Ltd.<sup>A B</sup> | 2030207 | **3207727** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | **6624751** |
|  **Financials - 1.5%** |  |  |
|  **Banks - 1.3%** |  |  |
|  Bank of NT Butterfield & Son Ltd. | 312597 | 16192524 |
|  First BanCorp | 107940 | 2387633 |
|  OFG Bancorp | 454619 | 18321146 |
|  Popular, Inc. | 103517 | 13822625 |
|  |  | **50723928** |
|  **Insurance - 0.2%** |  |  |
|  Hamilton Insurance Group Ltd., Class B<sup>A</sup> | 99300 | 2755575 |
|  SiriusPoint Ltd.<sup>A</sup> | 214120 | 4370189 |
|  |  | **7125764** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | **57849692** |
|  **Information Technology - 0.7%** |  |  |
|  **Semiconductors & Semiconductor Equipment - 0.7%** |  |  |
|  Kulicke & Soffa Industries, Inc. | 77311 | 4432240 |

---

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
|  FOREIGN COMMON STOCKS - 3.2% (continued) |  |  |
|  **Information Technology - 0.7% (continued)** |  |  |
|  **Semiconductors & Semiconductor Equipment - 0.7% (continued)** |  |  |
|  Tower Semiconductor Ltd.<sup>A</sup> | 166287 | $22403847 |
|  |  | **26836087** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | **26836087** |
|  **Materials - 0.2%** |  |  |
|  **Metals & Mining - 0.2%** |  |  |
|  Centerra Gold, Inc. | 372211 | **6238256** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Common Stocks (Cost $72,401,530)** |  | **122971530** |
|  SHORT-TERM INVESTMENTS - 3.8% (Cost $145,908,190) |  |  |
|  **Investment Companies - 3.8%** |  |  |
|  American Beacon U.S. Government Money Market Select Fund, 3.58%<sup>C D</sup> | 145908190 | **145908190** |
|  SECURITIES LENDING COLLATERAL - 0.5% (Cost $18,917,814) |  |  |
|  **Investment Companies - 0.5%** |  |  |
|  American Beacon U.S. Government Money Market Select Fund, 3.58%<sup>C D</sup> | 18917814 | **18917814** |
|  **TOTAL INVESTMENTS - 100.2% (Cost $3,144,953,720)** |  | **3831298561** |
|  **LIABILITIES, NET OF OTHER ASSETS - (0.2%)** |  | **(7343124)** |
|  **TOTAL NET ASSETS - 100.0%** |  | $**3823955437** |

---

Percentages are stated as a percent of net assets.

<sup>A</sup> Non-income producing security.

<sup>B</sup> All or a portion of this security is on loan, collateralized by either cash and/or U.S. Treasuries at January 31, 2026.

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

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

ETF - Exchange-Traded Fund.

LLC - Limited Liability Company.

PLC - Public Limited Company.

REITs - Real Estate Investment Trusts.

***Long Futures Contracts Open on January 31, 2026:***

**Equity Futures Contracts** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of<br>Contracts** | **Expiration Date** | **Notional Amount** | **Contract Value** | **Unrealized<br>Appreciation**<br>**(Depreciation)** |
|  CME E-Mini Russell 2000 Index Futures | 1010 | March 2026 | $129297310 | $132542300 | $3244990 |
|  |  |  | $129297310 | $132542300 | $3244990 |

---

***Glossary:***

**<u>Index Abbreviations:</u>**

Russell 2000 U.S. Small-Cap Stock Market Index.

**<u>Exchange Abbreviations:</u>**

CME Chicago Mercantile Exchange.

*See accompanying notes* 

------

**American Beacon Small Cap Value Fund<sup>SM</sup>** 

**Schedule of Investments** 

January 31, 2026 (Unaudited)

The Fund's investments are summarized by level based on the inputs used to determine their values. As of January 31, 2026, the investments were classified as described below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Small Cap Value Fund** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  ***Assets*** |  |  |  |  |
|  Common Stocks | $3542764283 | $— | $— | $3542764283 |
|  Exchange-Traded Instruments | 736744 |  |  | 736744 |
|  Foreign Common Stocks | 122971530 |  |  | 122971530 |
|  Short-Term Investments | 145908190 |  |  | 145908190 |
|  Securities Lending Collateral | 18917814 |  |  | 18917814 |
|  Total Investments in Securities - Assets | $3831298561 | $— | $— | $3831298561 |
|  ***Financial Derivative Instruments - Assets*** |  |  |  |  |
|  Futures Contracts | $3244990 | $— | $— | $3244990 |
|  Total Financial Derivative Instruments - Assets | $3244990 | $— | $— | $3244990 |

---

U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended January 31, 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** 

January 31, 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 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** 

January 31, 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 or options 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. Valuation adjustments may be applied to certain securities that are solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the close of the Exchange. These securities are valued using pricing service providers that consider the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments. Securities using these valuation adjustments are 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 a 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

------

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

**Supplementary Notes to Schedules of Investments** 

January 31, 2026 (Unaudited)

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.

OTC financial derivative instruments, such as forward foreign currency contracts, 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.

## 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 Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000001818

- **c. LEI of Series:** 549300BZ2EOK5FVKLA40

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $3850479620.53

**Total Liabilities:** $22656932.17

**Net Assets:** $3827822688.36

**Cash Not Reported:** $5923079.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004768 | 3.39%                | 0.75%                | 7.48%                |
| Class ID C000004769 | 3.36%                | 0.69%                | 7.49%                |
| Class ID C000004770 | 3.34%                | 0.69%                | 7.45%                |
| Class ID C000079123 | 3.35%                | 0.74%                | 7.51%                |
| Class ID C000089424 | 3.35%                | 0.69%                | 7.44%                |
| Class ID C000092341 | 3.27%                | 0.63%                | 7.37%                |
| Class ID C000180103 | 3.39%                | 0.74%                | 7.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $22427340.20             | $91049022.29                               |
| Month 2  | $45409008.69             | $-21164930.74                              |
| Month 3  | $49788060.04             | $212190052.44                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AAR Corp                                     | AAR Corp.                                    | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |    343057 | NS      | $36333166.87  | 0.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Gold.com Inc                                 | Gold.com, Inc.                               | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |     35100 | NS      | $1819935.00   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| ASGN Inc                                     | ASGN, Inc.                                   | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |    151317 | NS      | $7882102.53   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| AZZ Inc                                      | AZZ, Inc.                                    | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     98767 | NS      | $12275750.43  | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Abercrombie & Fitch Co                       | Abercrombie & Fitch Co.                      | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     29700 | NS      | $2899611.00   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Academy Sports & Outdoors Inc                | Academy Sports & Outdoors, Inc.              | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |    444017 | NS      | $24425375.17  | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Addus HomeCare Corp                          | Addus HomeCare Corp.                         | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     76978 | NS      | $7965683.44   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Advance Auto Parts Inc                       | Advance Auto Parts, Inc.                     | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     55300 | NS      | $2654953.00   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Alamo Group Inc                              | Alamo Group, Inc.                            | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |     41999 | NS      | $8202824.69   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Albany International Corp                    | Albany International Corp.                   | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |    320374 | NS      | $17777553.26  | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Alexandria Real Estate Equities Inc          | Alexandria Real Estate Equities, Inc.        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |    188200 | NS      | $10283248.00  | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| ATI Inc                                      | ATI, Inc.                                    | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    259521 | NS      | $31220376.30  | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Bread Financial Holdings Inc                 | Bread Financial Holdings, Inc.               | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     70560 | NS      | $5118422.40   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| U-Haul Holding Co                            | U-Haul Holding Co.                           | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |    530184 | NS      | $27203741.04  | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| American Axle & Manufacturing Holdings Inc   | American Axle & Manufacturing Holdings, Inc. | CUSIP: 024061103<br>LEI: 254900SMQY98VFKNCC32 | Long             | EC               | CORP              | US        |   1500487 | NS      | $11958881.39  | 0.31%             |  |  |  | No            | 1                  | On Loan: —       |
| Ameris Bancorp                               | Ameris Bancorp                               | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     86300 | NS      | $6957506.00   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Amphastar Pharmaceuticals Inc                | Amphastar Pharmaceuticals, Inc.              | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     65400 | NS      | $1732446.00   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Andersons Inc/The                            | Andersons, Inc.                              | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     40400 | NS      | $2504396.00   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| APA Corp                                     | APA Corp.                                    | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |    559683 | NS      | $14781228.03  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Apogee Enterprises Inc                       | Apogee Enterprises, Inc.                     | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |    218720 | NS      | $8121073.60   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| ArcBest Corp                                 | ArcBest Corp.                                | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     85469 | NS      | $7711013.18   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Arrow Electronics Inc                        | Arrow Electronics, Inc.                      | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     15413 | NS      | $2042068.37   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Arrow Financial Corp                         | Arrow Financial Corp.                        | CUSIP: 042744102<br>LEI: 2549007Z8GI9ZZIQ1817 | Long             | EC               | CORP              | US        |      5800 | NS      | $196098.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Artisan Partners Asset Management Inc        | Artisan Partners Asset Management, Inc.      | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     65000 | NS      | $2893800.00   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Asbury Automotive Group Inc                  | Asbury Automotive Group, Inc.                | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     47100 | NS      | $11045421.00  | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Associated Banc-Corp                         | Associated Banc-Corp.                        | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |    443038 | NS      | $12077215.88  | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Astec Industries Inc                         | Astec Industries, Inc.                       | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     45540 | NS      | $2218708.80   | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlantic Union Bankshares Corp               | Atlantic Union Bankshares Corp.              | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    493485 | NS      | $19166957.40  | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Atmus Filtration Technologies Inc            | Atmus Filtration Technologies, Inc.          | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    275676 | NS      | $15980937.72  | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Avient Corp                                  | Avient Corp.                                 | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    332482 | NS      | $12019224.30  | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Avista Corp                                  | Avista Corp.                                 | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    730332 | NS      | $30155408.28  | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Avnet Inc                                    | Avnet, Inc.                                  | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |    755445 | NS      | $47132213.55  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Axos Financial Inc                           | Axos Financial, Inc.                         | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     78200 | NS      | $7741018.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Baldwin Insurance Group Inc/The              | Baldwin Insurance Group, Inc.                | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    564926 | NS      | $12383177.92  | 0.32%             |  |  |  | No            | 1                  | On Loan: —       |
| Banc of California Inc                       | Banc of California, Inc.                     | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     53700 | NS      | $1072926.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank OZK                                     | Bank OZK                                     | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |    143600 | NS      | $6829616.00   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| BankUnited Inc                               | BankUnited, Inc.                             | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     29180 | NS      | $1385174.60   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Banner Corp                                  | Banner Corp.                                 | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    414124 | NS      | $25609428.16  | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Bar Harbor Bankshares                        | Bar Harbor Bankshares                        | CUSIP: 066849100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17930 | NS      | $608006.30    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Beazer Homes USA Inc                         | Beazer Homes USA, Inc.                       | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |     27400 | NS      | $591018.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Benchmark Electronics Inc                    | Benchmark Electronics, Inc.                  | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     58670 | NS      | $3059053.80   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Black Hills Corp                             | Black Hills Corp.                            | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    201900 | NS      | $14734662.00  | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackLine Inc                                | BlackLine, Inc.                              | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |    296028 | NS      | $13756421.16  | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Blue Bird Corp                               | Blue Bird Corp.                              | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |    320310 | NS      | $16114796.10  | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Boise Cascade Co                             | Boise Cascade Co.                            | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     87434 | NS      | $7065541.54   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Boot Barn Holdings Inc                       | Boot Barn Holdings, Inc.                     | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     35645 | NS      | $6361919.60   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| BorgWarner Inc                               | BorgWarner, Inc.                             | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    150063 | NS      | $7114486.83   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Bridgewater Bancshares Inc                   | Bridgewater Bancshares, Inc.                 | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |      9800 | NS      | $188258.00    | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Brink's Co/The                               | Brink's Co.                                  | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     79480 | NS      | $10097139.20  | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Bristow Group Inc                            | Bristow Group, Inc.                          | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |     72360 | NS      | $3180945.60   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Azenta Inc                                   | Azenta, Inc.                                 | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     29800 | NS      | $1158624.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Brunswick Corp/DE                            | Brunswick Corp.                              | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |    302495 | NS      | $24266148.90  | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Buckle Inc/The                               | Buckle, Inc.                                 | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |    121560 | NS      | $5749788.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Business First Bancshares Inc                | Business First Bancshares, Inc.              | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |     25270 | NS      | $711855.90    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Byline Bancorp Inc                           | Byline Bancorp, Inc.                         | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |     56910 | NS      | $1817136.30   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| CNO Financial Group Inc                      | CNO Financial Group, Inc.                    | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    109230 | NS      | $4593121.50   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| CNX Resources Corp                           | CNX Resources Corp.                          | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |    167100 | NS      | $6483480.00   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| California Resources Corp                    | California Resources Corp.                   | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |    392090 | NS      | $20976815.00  | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Callaway Golf Co                             | Callaway Golf Co.                            | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |    221670 | NS      | $3180964.50   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Capitol Federal Financial Inc                | Capitol Federal Financial, Inc.              | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47100 | NS      | $342888.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Catalyst Pharmaceuticals Inc                 | Catalyst Pharmaceuticals, Inc.               | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    185250 | NS      | $4501575.00   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Cathay General Bancorp                       | Cathay General Bancorp                       | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     93000 | NS      | $4759740.00   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Celanese Corp                                | Celanese Corp.                               | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     70800 | NS      | $3146352.00   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Centene Corp                                 | Centene Corp.                                | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    191500 | NS      | $8295780.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Centerra Gold Inc                            | Centerra Gold, Inc.                          | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |    372211 | NS      | $6238256.36   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Central Garden & Pet Co                      | Central Garden & Pet Co.                     | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |    311874 | NS      | $9565175.58   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Central Pacific Financial Corp               | Central Pacific Financial Corp.              | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     10110 | NS      | $329282.70    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Century Communities Inc                      | Century Communities, Inc.                    | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |    241094 | NS      | $15184100.12  | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Cheesecake Factory Inc/The                   | Cheesecake Factory, Inc.                     | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |    189549 | NS      | $10986260.04  | 0.29%             |  |  |  | No            | 1                  | On Loan: —       |
| Ciena Corp                                   | Ciena Corp.                                  | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |    137013 | NS      | $34501243.53  | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| City Holding Co                              | City Holding Co.                             | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121302 | NS      | $14931063.18  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Civista Bancshares Inc                       | Civista Bancshares, Inc.                     | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               | CORP              | US        |      6800 | NS      | $164084.00    | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Clean Energy Fuels Corp                      | Clean Energy Fuels Corp.                     | CUSIP: 184499101<br>LEI: 549300MTQB4VUAOPMF71 | Long             | EC               | CORP              | US        |    331350 | NS      | $728970.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Coastal Financial Corp/WA                    | Coastal Financial Corp.                      | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     66240 | NS      | $6344467.20   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Coherent Corp                                | Coherent Corp.                               | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    177100 | NS      | $37577078.00  | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Cohu Inc                                     | Cohu, Inc.                                   | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |    573078 | NS      | $16355646.12  | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Collegium Pharmaceutical Inc                 | Collegium Pharmaceutical, Inc.               | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     81080 | NS      | $3723193.60   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Community Financial System Inc               | Community Financial System, Inc.             | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |    162521 | NS      | $10157562.50  | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Community West Bancshares                    | Community West Bancshares                    | CUSIP: 203937107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6800 | NS      | $162996.00    | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Community Trust Bancorp Inc                  | Community Trust Bancorp, Inc.                | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23260 | NS      | $1435142.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Concentra Group Holdings Parent Inc          | Concentra Group Holdings Parent, Inc.        | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    638047 | NS      | $14151882.46  | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Consensus Cloud Solutions Inc                | Consensus Cloud Solutions, Inc.              | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49240 | NS      | $1051766.40   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| CoreCivic Inc                                | CoreCivic, Inc.                              | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    148800 | NS      | $2757264.00   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| CorMedix Inc                                 | CorMedix, Inc.                               | CUSIP: 21900C308<br>LEI: 5299006YIA3L0MBW8358 | Long             | EC               | CORP              | US        |    112000 | NS      | $869120.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: —       |
| COPT Defense Properties                      | COPT Defense Properties                      | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               |  | US        |    527592 | NS      | $16255109.52  | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Covenant Logistics Group Inc                 | Covenant Logistics Group, Inc.               | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26980 | NS      | $663708.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| CryoPort Inc                                 | CryoPort, Inc.                               | CUSIP: 229050307<br>LEI: 9845004D8538BT8JF626 | Long             | EC               | CORP              | US        |     71200 | NS      | $677112.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Cullen/Frost Bankers Inc                     | Cullen/Frost Bankers, Inc.                   | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |    108806 | NS      | $14995642.92  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Customers Bancorp Inc                        | Customers Bancorp, Inc.                      | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     40880 | NS      | $3230337.60   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Darling Ingredients Inc                      | Darling Ingredients, Inc.                    | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    444658 | NS      | $20303084.28  | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Deluxe Corp                                  | Deluxe Corp.                                 | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |    590666 | NS      | $15593582.40  | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Dime Community Bancshares Inc                | Dime Community Bancshares, Inc.              | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12900 | NS      | $438858.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Dine Brands Global Inc                       | Dine Brands Global, Inc.                     | CUSIP: 254423106<br>LEI: 529900HKM8OWSHLKJY75 | Long             | EC               | CORP              | US        |     13300 | NS      | $457387.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: —       |
| Diodes Inc                                   | Diodes, Inc.                                 | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     42800 | NS      | $2533332.00   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Donegal Group Inc                            | Donegal Group, Inc.                          | CUSIP: 257701201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34620 | NS      | $646355.40    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Donnelley Financial Solutions Inc            | Donnelley Financial Solutions, Inc.          | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |    149334 | NS      | $7728034.50   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Eastern Bankshares Inc                       | Eastern Bankshares, Inc.                     | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |    115190 | NS      | $2359667.15   | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Ecovyst Inc                                  | Ecovyst, Inc.                                | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2288298 | NS      | $24278841.78  | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Elah Holdings Inc                            | Elah Holdings, Inc.                          | CUSIP: 28413L105<br>LEI: 549300QGHCFUEGYWKU13 | Long             | EC               | CORP              | US        |      3122 | NS      | $37838.64     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Embecta Corp                                 | Embecta Corp.                                | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     88260 | NS      | $936438.60    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Emergent BioSolutions Inc                    | Emergent BioSolutions, Inc.                  | CUSIP: 29089Q105<br>LEI: 549300YW6TUOX8BE5103 | Long             | EC               | CORP              | US        |     80450 | NS      | $912303.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Employers Holdings Inc                       | Employers Holdings, Inc.                     | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34230 | NS      | $1493112.60   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Encore Capital Group Inc                     | Encore Capital Group, Inc.                   | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     31740 | NS      | $1752048.00   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| EnerSys                                      | EnerSys                                      | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     74727 | NS      | $13465058.13  | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Enerpac Tool Group Corp                      | Enerpac Tool Group Corp.                     | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |    419467 | NS      | $16929688.12  | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Enova International Inc                      | Enova International, Inc.                    | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     40100 | NS      | $6623317.00   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Enterprise Financial Services Corp           | Enterprise Financial Services Corp.          | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |     41640 | NS      | $2388054.00   | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Equity Bancshares Inc                        | Equity Bancshares, Inc.                      | CUSIP: 29460X109<br>LEI: 549300BPQ2EJNU4WF694 | Long             | EC               | CORP              | US        |      6700 | NS      | $309004.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Ethan Allen Interiors Inc                    | Ethan Allen Interiors, Inc.                  | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40170 | NS      | $921098.10    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Euronet Worldwide Inc                        | Euronet Worldwide, Inc.                      | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     39844 | NS      | $2887096.24   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Everus Construction Group Inc                | Everus Construction Group, Inc.              | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |    157807 | NS      | $13964341.43  | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Extreme Networks Inc                         | Extreme Networks, Inc.                       | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    853526 | NS      | $12444409.08  | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| EZCORP Inc                                   | EZCORP, Inc.                                 | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |     87710 | NS      | $1881379.50   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| FNB Corp/PA                                  | FNB Corp.                                    | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    447100 | NS      | $7846605.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| FB Financial Corp                            | FB Financial Corp.                           | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |    590407 | NS      | $33966114.71  | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Farmers National Banc Corp                   | Farmers National Banc Corp.                  | CUSIP: 309627107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47070 | NS      | $610968.60    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Federated Hermes Inc                         | Federated Hermes, Inc.                       | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    110400 | NS      | $5882112.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| F5 Inc                                       | F5, Inc.                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |    139296 | NS      | $38391370.56  | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Financial Institutions Inc                   | Financial Institutions, Inc.                 | CUSIP: 317585404<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7100 | NS      | $233874.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| First BanCorp/Puerto Rico                    | First BanCorp                                | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |    107940 | NS      | $2387632.80   | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| First Bancorp/Southern Pines NC              | First Bancorp/Southern Pines NC              | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    276634 | NS      | $16025407.62  | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| First Busey Corp                             | First Busey Corp.                            | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |    111410 | NS      | $2746256.50   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| First Commonwealth Financial Corp            | First Commonwealth Financial Corp.           | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |    133070 | NS      | $2399252.10   | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| First Financial Bancorp                      | First Financial Bancorp                      | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |    118710 | NS      | $3411725.40   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| First Financial Corp                         | First Financial Corp.                        | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4100 | NS      | $267156.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| First Hawaiian Inc                           | First Hawaiian, Inc.                         | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |    930063 | NS      | $24693172.65  | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| First Merchants Corp                         | First Merchants Corp.                        | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     23390 | NS      | $929986.40    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Fluor Corp                                   | Fluor Corp.                                  | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    493874 | NS      | $22812040.06  | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Flowserve Corp                               | Flowserve Corp.                              | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    173496 | NS      | $13558712.40  | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Four Corners Property Trust Inc              | Four Corners Property Trust, Inc.            | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               |  | US        |    591996 | NS      | $14592701.40  | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Fulgent Genetics Inc                         | Fulgent Genetics, Inc.                       | CUSIP: 359664109<br>LEI: 549300CL6P01M68QJ404 | Long             | EC               | CORP              | US        |     77900 | NS      | $2040980.00   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| HB Fuller Co                                 | HB Fuller Co.                                | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |    239132 | NS      | $14371833.20  | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Fulton Financial Corp                        | Fulton Financial Corp.                       | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    205010 | NS      | $4233456.50   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| G-III Apparel Group Ltd                      | G-III Apparel Group Ltd.                     | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     60100 | NS      | $1763935.00   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Garrett Motion Inc                           | Garrett Motion, Inc.                         | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |    304930 | NS      | $5500937.20   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Genworth Financial Inc                       | Genworth Financial, Inc.                     | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |    621000 | NS      | $5179140.00   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Gentherm Inc                                 | Gentherm, Inc.                               | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |    284750 | NS      | $9100610.00   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Gibraltar Industries Inc                     | Gibraltar Industries, Inc.                   | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    376602 | NS      | $19304618.52  | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Glacier Bancorp Inc                          | Glacier Bancorp, Inc.                        | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    447509 | NS      | $22679756.12  | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Global Indemnity Group LLC                   | Global Indemnity Group LLC                   | CUSIP: 37959R103<br>LEI: 549300KNR55WEKSPTK65 | Long             | EC               | CORP              | US        |    270304 | NS      | $7819894.72   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Golden Entertainment Inc                     | Golden Entertainment, Inc.                   | CUSIP: 381013101<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | EC               | CORP              | US        |     61590 | NS      | $1658002.80   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Goodyear Tire & Rubber Co/The                | Goodyear Tire & Rubber Co.                   | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |    719500 | NS      | $6770495.00   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Graham Holdings Co                           | Graham Holdings Co.                          | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |      5400 | NS      | $6299802.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Great Lakes Dredge & Dock Corp               | Great Lakes Dredge & Dock Corp.              | CUSIP: 390607109<br>LEI: 549300H65E3MZ1CX0P05 | Long             | EC               | CORP              | US        |    168400 | NS      | $2522632.00   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Great Southern Bancorp Inc                   | Great Southern Bancorp, Inc.                 | CUSIP: 390905107<br>LEI: 5493000ZL7DLNMN1AB26 | Long             | EC               | CORP              | US        |     15330 | NS      | $940955.40    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Green Brick Partners Inc                     | Green Brick Partners, Inc.                   | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |    106929 | NS      | $7419803.31   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Green Plains Inc                             | Green Plains, Inc.                           | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |     99200 | NS      | $1136832.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Greenbrier Cos Inc/The                       | Greenbrier Cos., Inc.                        | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |    179437 | NS      | $9047213.54   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Greif Inc                                    | Greif, Inc.                                  | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |    254601 | NS      | $17979922.62  | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Group 1 Automotive Inc                       | Group 1 Automotive, Inc.                     | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     23900 | NS      | $8466814.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Gulfport Energy Corp                         | Gulfport Energy Corp.                        | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |     43765 | NS      | $8935500.05   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Haemonetics Corp                             | Haemonetics Corp.                            | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |    158409 | NS      | $10559543.94  | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Hamilton Lane Inc                            | Hamilton Lane, Inc.                          | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |    101599 | NS      | $14349842.76  | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Hancock Whitney Corp                         | Hancock Whitney Corp.                        | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     49960 | NS      | $3437248.00   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Hanmi Financial Corp                         | Hanmi Financial Corp.                        | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     10700 | NS      | $284299.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Harmony Biosciences Holdings Inc             | Harmony Biosciences Holdings, Inc.           | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52454 | NS      | $1915620.08   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Hawkins Inc                                  | Hawkins, Inc.                                | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     76815 | NS      | $10005153.75  | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Hayward Holdings Inc                         | Hayward Holdings, Inc.                       | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    908630 | NS      | $14665288.20  | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Heartland Express Inc                        | Heartland Express, Inc.                      | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |     50100 | NS      | $505509.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Helios Technologies Inc                      | Helios Technologies, Inc.                    | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |    300968 | NS      | $19496707.04  | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Helmerich & Payne Inc                        | Helmerich & Payne, Inc.                      | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    255362 | NS      | $8651664.56   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Heritage Commerce Corp                       | Heritage Commerce Corp.                      | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |     21800 | NS      | $277514.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Heritage Insurance Holdings Inc              | Heritage Insurance Holdings, Inc.            | CUSIP: 42727J102<br>LEI: 9845008CCYDD87F66B45 | Long             | EC               | CORP              | US        |     31600 | NS      | $823812.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Hillman Solutions Corp                       | Hillman Solutions Corp.                      | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1260583 | NS      | $11811662.71  | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Hilltop Holdings Inc                         | Hilltop Holdings, Inc.                       | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     89140 | NS      | $3338293.00   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| HomeTrust Bancshares Inc                     | HomeTrust Bancshares, Inc.                   | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22750 | NS      | $980980.00    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Hope Bancorp Inc                             | Hope Bancorp, Inc.                           | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |     47000 | NS      | $563060.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Horace Mann Educators Corp                   | Horace Mann Educators Corp.                  | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |    155551 | NS      | $6970240.31   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Horizon Bancorp Inc/IN                       | Horizon Bancorp, Inc.                        | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               | CORP              | US        |     15500 | NS      | $273110.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Howard Hughes Holdings Inc                   | Howard Hughes Holdings, Inc.                 | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |     62450 | NS      | $5099667.00   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Hub Group Inc                                | Hub Group, Inc.                              | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    290239 | NS      | $13809571.62  | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| IAC Inc                                      | IAC, Inc.                                    | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |    187600 | NS      | $6931820.00   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Crescent Energy Co                           | Crescent Energy Co.                          | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134467 | NS      | $1313742.59   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| IPG Photonics Corp                           | IPG Photonics Corp.                          | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     28969 | NS      | $2677025.29   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| IDACORP Inc                                  | IDACORP, Inc.                                | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     28334 | NS      | $3762471.86   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Independent Bank Corp                        | Independent Bank Corp.                       | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |    290934 | NS      | $23501648.52  | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Independent Bank Corp/MI                     | Independent Bank Corp.                       | CUSIP: 453838609<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     12290 | NS      | $431993.50    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Ingevity Corp                                | Ingevity Corp.                               | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     44100 | NS      | $2901339.00   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Infinity Natural Resources Inc               | Infinity Natural Resources, Inc.             | CUSIP: 456941103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    409769 | NS      | $6507131.72   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Ingles Markets Inc                           | Ingles Markets, Inc.                         | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |     36700 | NS      | $2747362.00   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Innospec Inc                                 | Innospec, Inc.                               | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |    102256 | NS      | $8356360.32   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Innoviva Inc                                 | Innoviva, Inc.                               | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     68900 | NS      | $1378000.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Interparfums Inc                             | Interparfums, Inc.                           | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    151157 | NS      | $14748388.49  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Interface Inc                                | Interface, Inc.                              | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |    704951 | NS      | $22184807.97  | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| International Bancshares Corp                | International Bancshares Corp.               | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |     80800 | NS      | $5626912.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Intrepid Potash Inc                          | Intrepid Potash, Inc.                        | CUSIP: 46121Y201<br>LEI: 549300OZ696E2PRRTO45 | Long             | EC               | CORP              | US        |     33400 | NS      | $1096856.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| InvenTrust Properties Corp                   | InvenTrust Properties Corp.                  | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               |  | US        |    294552 | NS      | $8656883.28   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Russell 2000 Value ETF               | iShares Russell 2000 Value ETF               | CUSIP: 464287630<br>LEI: 549300WJAJCAZZLTQD63 | Long             | EC               | RF                | US        |      3800 | NS      | $736744.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: —       |
| J & J Snack Foods Corp                       | J&J Snack Foods Corp.                        | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |     86391 | NS      | $8207145.00   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| JetBlue Airways Corp                         | JetBlue Airways Corp.                        | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |    235300 | NS      | $1145911.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Johnson Outdoors Inc                         | Johnson Outdoors, Inc.                       | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13865 | NS      | $629332.35    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Jones Lang LaSalle Inc                       | Jones Lang LaSalle, Inc.                     | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      8456 | NS      | $3026486.96   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Ziff Davis Inc                               | Ziff Davis, Inc.                             | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     25600 | NS      | $978432.00    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Kaiser Aluminum Corp                         | Kaiser Aluminum Corp.                        | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    170874 | NS      | $20952569.88  | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| KB Home                                      | KB Home                                      | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |    252745 | NS      | $14542947.30  | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Kearny Financial Corp/MD                     | Kearny Financial Corp.                       | CUSIP: 48716P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19300 | NS      | $150347.00    | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Kennametal Inc                               | Kennametal, Inc.                             | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |    212495 | NS      | $7307703.05   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Kimball Electronics Inc                      | Kimball Electronics, Inc.                    | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     60500 | NS      | $1827705.00   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Kirby Corp                                   | Kirby Corp.                                  | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |    195050 | NS      | $22949583.00  | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Knife River Corp                             | Knife River Corp.                            | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    389907 | NS      | $26190053.19  | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Knowles Corp                                 | Knowles Corp.                                | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    943907 | NS      | $22880305.68  | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Kodiak Gas Services Inc                      | Kodiak Gas Services, Inc.                    | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    288403 | NS      | $12115810.03  | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Kohl's Corp                                  | Kohl's Corp.                                 | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |    159500 | NS      | $2786465.00   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Koppers Holdings Inc                         | Koppers Holdings, Inc.                       | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27900 | NS      | $821934.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Kosmos Energy Ltd                            | Kosmos Energy Ltd.                           | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |   2030207 | NS      | $3207727.06   | 0.08%             |  |  |  | No            | 1                  | On Loan: —       |
| Kulicke & Soffa Industries Inc               | Kulicke & Soffa Industries, Inc.             | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     77311 | NS      | $4432239.63   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| LSB Industries Inc                           | LSB Industries, Inc.                         | CUSIP: 502160104<br>LEI: 5493001H215A0HG0MI71 | Long             | EC               | CORP              | US        |    178000 | NS      | $1653620.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Lear Corp                                    | Lear Corp.                                   | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |    199894 | NS      | $23405588.46  | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Leggett & Platt Inc                          | Leggett & Platt, Inc.                        | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |     39300 | NS      | $458631.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| LendingClub Corp                             | LendingClub Corp.                            | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               | CORP              | US        |    137720 | NS      | $2328845.20   | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Lindsay Corp                                 | Lindsay Corp.                                | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     61087 | NS      | $7652368.49   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Lithia Motors Inc                            | Lithia Motors, Inc.                          | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |     69381 | NS      | $22440590.64  | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Live Oak Bancshares Inc                      | Live Oak Bancshares, Inc.                    | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    519893 | NS      | $20774924.28  | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Lumentum Holdings Inc                        | Lumentum Holdings, Inc.                      | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     85718 | NS      | $33587741.12  | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| MDU Resources Group Inc                      | MDU Resources Group, Inc.                    | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1366185 | NS      | $28020454.35  | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| M/I Homes Inc                                | M/I Homes, Inc.                              | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     39800 | NS      | $5321260.00   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| MSC Industrial Direct Co Inc                 | MSC Industrial Direct Co., Inc.              | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |    144351 | NS      | $12174563.34  | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| MYR Group Inc                                | MYR Group, Inc.                              | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     33387 | NS      | $8348085.48   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Macy's Inc                                   | Macy's, Inc.                                 | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |    317100 | NS      | $6348342.00   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Magnolia Oil & Gas Corp                      | Magnolia Oil & Gas Corp.                     | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    799937 | NS      | $20406392.87  | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Malibu Boats Inc                             | Malibu Boats, Inc.                           | CUSIP: 56117J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12400 | NS      | $403000.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Manitowoc Co Inc/The                         | Manitowoc Co., Inc.                          | CUSIP: 563571405<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | EC               | CORP              | US        |     42500 | NS      | $549100.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| ManpowerGroup Inc                            | ManpowerGroup, Inc.                          | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |    175040 | NS      | $6359203.20   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| MarineMax Inc                                | MarineMax, Inc.                              | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |     32300 | NS      | $873069.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Marriott Vacations Worldwide Corp            | Marriott Vacations Worldwide Corp.           | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |    432554 | NS      | $23492007.74  | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Materion Corp                                | Materion Corp.                               | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |    170533 | NS      | $23581303.24  | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Pediatrix Medical Group Inc                  | Pediatrix Medical Group, Inc.                | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    213000 | NS      | $4553940.00   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercantile Bank Corp                         | Mercantile Bank Corp.                        | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |     20740 | NS      | $1078065.20   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Merchants Bancorp/IN                         | Merchants Bancorp                            | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     35620 | NS      | $1476805.20   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Merit Medical Systems Inc                    | Merit Medical Systems, Inc.                  | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |    185147 | NS      | $15013570.23  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Meritage Homes Corp                          | Meritage Homes Corp.                         | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |    100200 | NS      | $6964902.00   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Pathward Financial Inc                       | Pathward Financial, Inc.                     | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |     32480 | NS      | $2932619.20   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Mid Penn Bancorp Inc                         | Mid Penn Bancorp, Inc.                       | CUSIP: 59540G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8200 | NS      | $270518.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| MillerKnoll Inc                              | MillerKnoll, Inc.                            | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |    718495 | NS      | $14427379.60  | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Miller Industries Inc/TN                     | Miller Industries, Inc.                      | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |    140585 | NS      | $5759767.45   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Minerals Technologies Inc                    | Minerals Technologies, Inc.                  | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     20100 | NS      | $1321776.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Murphy Oil Corp                              | Murphy Oil Corp.                             | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    722600 | NS      | $21743034.00  | 0.57%             |  |  |  | No            | 1                  | On Loan: —       |
| NBT Bancorp Inc                              | NBT Bancorp, Inc.                            | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102394 | NS      | $4549365.42   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| NMI Holdings Inc                             | NMI Holdings, Inc.                           | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |    117390 | NS      | $4545340.80   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| NOV Inc                                      | NOV, Inc.                                    | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |   1610450 | NS      | $29551757.50  | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| NCR Atleos Corp                              | NCR Atleos Corp.                             | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |     88700 | NS      | $3308510.00   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| National Bank Holdings Corp                  | National Bank Holdings Corp.                 | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    552072 | NS      | $22182252.96  | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| National CineMedia Inc                       | National CineMedia, Inc.                     | CUSIP: 635309206<br>LEI: 5493000MOLIVSOGKEB48 | Long             | EC               | CORP              | US        |   1212464 | NS      | $4376995.04   | 0.11%             |  |  |  | No            | 1                  | On Loan: —       |
| NNN REIT Inc                                 | NNN REIT, Inc.                               | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               |  | US        |    271799 | NS      | $11325864.33  | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Navient Corp                                 | Navient Corp.                                | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |    174380 | NS      | $1710667.80   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| NB Bancorp Inc                               | NB Bancorp, Inc.                             | CUSIP: 63945M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16300 | NS      | $354036.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nelnet Inc                                   | Nelnet, Inc.                                 | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |     22870 | NS      | $3016553.00   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| NETSTREIT Corp                               | NETSTREIT Corp.                              | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               |  | US        |    426059 | NS      | $8026951.56   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlas Energy Solutions Inc                   | Atlas Energy Solutions, Inc.                 | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1013760 | NS      | $11830579.20  | 0.31%             |  |  |  | No            | 1                  | On Loan: —       |
| Newell Brands Inc                            | Newell Brands, Inc.                          | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |   3286744 | NS      | $13968662.00  | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Newmark Group Inc                            | Newmark Group, Inc.                          | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    482529 | NS      | $8603492.07   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Nexstar Media Group Inc                      | Nexstar Media Group, Inc.                    | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     47770 | NS      | $10145392.60  | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| NextDecade Corp                              | NextDecade Corp.                             | CUSIP: 65342K105<br>LEI: 549300XB4GCLNGHFTT48 | Long             | EC               | CORP              | US        |    207900 | NS      | $1099791.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: —       |
| Northeast Community Bancorp Inc              | Northeast Community Bancorp, Inc.            | CUSIP: 664121100<br>LEI: 5493007BRYL8596Q9L26 | Long             | EC               | CORP              | US        |       900 | NS      | $21240.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Northern Oil & Gas Inc                       | Northern Oil & Gas, Inc.                     | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |   1136872 | NS      | $28421800.00  | 0.74%             |  |  |  | No            | 1                  | On Loan: —       |
| Northfield Bancorp Inc                       | Northfield Bancorp, Inc.                     | CUSIP: 66611T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12400 | NS      | $152768.00    | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Northrim BanCorp Inc                         | Northrim BanCorp, Inc.                       | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |      7900 | NS      | $186124.00    | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Northwest Bancshares Inc                     | Northwest Bancshares, Inc.                   | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    131100 | NS      | $1688568.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Northwest Natural Holding Co                 | Northwest Natural Holding Co.                | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     80090 | NS      | $3728990.40   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| NWPX Infrastructure Inc                      | NWPX Infrastructure, Inc.                    | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |     24600 | NS      | $1659270.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Northwestern Energy Group Inc                | Northwestern Energy Group, Inc.              | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |    235538 | NS      | $15983608.68  | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Novanta Inc                                  | Novanta, Inc.                                | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    117663 | NS      | $15830380.02  | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| DNOW Inc                                     | DNOW, Inc.                                   | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |   1254128 | NS      | $19050204.32  | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| OGE Energy Corp                              | OGE Energy Corp.                             | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |    433149 | NS      | $18919948.32  | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| OFG Bancorp                                  | OFG Bancorp                                  | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |    454619 | NS      | $18321145.70  | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Oceaneering International Inc                | Oceaneering International, Inc.              | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |    141900 | NS      | $4271190.00   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| OceanFirst Financial Corp                    | OceanFirst Financial Corp.                   | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23100 | NS      | $433125.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Oil States International Inc                 | Oil States International, Inc.               | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |     38700 | NS      | $327789.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Old Second Bancorp Inc                       | Old Second Bancorp, Inc.                     | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     56710 | NS      | $1125126.40   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Olin Corp                                    | Olin Corp.                                   | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |   1285722 | NS      | $26755874.82  | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Oppenheimer Holdings Inc                     | Oppenheimer Holdings, Inc.                   | CUSIP: 683797104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15790 | NS      | $1326833.70   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Origin Bancorp Inc                           | Origin Bancorp, Inc.                         | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     17180 | NS      | $735819.40    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Orrstown Financial Services Inc              | Orrstown Financial Services, Inc.            | CUSIP: 687380105<br>LEI: 5493008IR3FINUFGVM95 | Long             | EC               | CORP              | US        |      6900 | NS      | $248538.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Otter Tail Corp                              | Otter Tail Corp.                             | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50650 | NS      | $4515954.00   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Ovintiv Inc                                  | Ovintiv, Inc.                                | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     90600 | NS      | $3938382.00   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| PBF Energy Inc                               | PBF Energy, Inc.                             | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |    164847 | NS      | $5515780.62   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| PVH Corp                                     | PVH Corp.                                    | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     68500 | NS      | $4271660.00   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Papa John's International Inc                | Papa John's International, Inc.              | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |    389489 | NS      | $13698328.13  | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| Patterson-UTI Energy Inc                     | Patterson-UTI Energy, Inc.                   | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    245400 | NS      | $1847862.00   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Peabody Energy Corp                          | Peabody Energy Corp.                         | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |    173100 | NS      | $6103506.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Peapack-Gladstone Financial Corp             | Peapack-Gladstone Financial Corp.            | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |      1200 | NS      | $38064.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Penguin Solutions Inc                        | Penguin Solutions, Inc.                      | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | EC               | CORP              | US        |    196977 | NS      | $3783928.17   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Peoples Bancorp Inc/OH                       | Peoples Bancorp, Inc.                        | CUSIP: 709789101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46100 | NS      | $1499172.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Perdoceo Education Corp                      | Perdoceo Education Corp.                     | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |    133280 | NS      | $4268958.40   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Perella Weinberg Partners                    | Perella Weinberg Partners                    | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    386195 | NS      | $8616010.45   | 0.23%             |  |  |  | No            | 1                  | On Loan: —       |
| Phinia Inc                                   | Phinia, Inc.                                 | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     82540 | NS      | $5874371.80   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Piper Sandler Cos                            | Piper Sandler Cos.                           | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     42778 | NS      | $14816160.30  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Pitney Bowes Inc                             | Pitney Bowes, Inc.                           | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |    310340 | NS      | $3236846.20   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Popular Inc                                  | Popular, Inc.                                | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |    103517 | NS      | $13822625.01  | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Portland General Electric Co                 | Portland General Electric Co.                | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    191100 | NS      | $9602775.00   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| PotlatchDeltic Corp                          | PotlatchDeltic Corp.                         | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               |  | US        |    584844 | NS      | $24405540.12  | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Power Integrations Inc                       | Power Integrations, Inc.                     | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |    199612 | NS      | $9170175.28   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Preferred Bank/Los Angeles CA                | Preferred Bank                               | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     19510 | NS      | $1673372.70   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Prestige Consumer Healthcare Inc             | Prestige Consumer Healthcare, Inc.           | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    233993 | NS      | $15085528.71  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| PROG Holdings Inc                            | PROG Holdings, Inc.                          | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     36500 | NS      | $1184060.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Provident Financial Services Inc             | Provident Financial Services, Inc.           | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     94360 | NS      | $2089130.40   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| QCR Holdings Inc                             | QCR Holdings, Inc.                           | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |     21970 | NS      | $1983012.20   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Quad/Graphics Inc                            | Quad/Graphics, Inc.                          | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |    391375 | NS      | $2395215.00   | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Quaker Chemical Corp                         | Quaker Chemical Corp.                        | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     71289 | NS      | $10959970.86  | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Quanex Building Products Corp                | Quanex Building Products Corp.               | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |    506952 | NS      | $9490141.44   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| RPC Inc                                      | RPC, Inc.                                    | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    203400 | NS      | $1352610.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| RMR Group Inc/The                            | RMR Group, Inc.                              | CUSIP: 74967R106<br>LEI: 549300JP4L34E48UJM16 | Long             | EC               | CORP              | US        |    123645 | NS      | $1873221.75   | 0.05%             |  |  |  | No            | 1                  | On Loan: —       |
| Radian Group Inc                             | Radian Group, Inc.                           | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |    205000 | NS      | $6744500.00   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Range Resources Corp                         | Range Resources Corp.                        | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     89400 | NS      | $3383790.00   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Regal Rexnord Corp                           | Regal Rexnord Corp.                          | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     97312 | NS      | $15715888.00  | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Regional Management Corp                     | Regional Management Corp.                    | CUSIP: 75902K106<br>LEI: 549300S5O87W87JW4146 | Long             | EC               | CORP              | US        |      6600 | NS      | $244530.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Renasant Corp                                | Renasant Corp.                               | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |    767928 | NS      | $28958564.88  | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Rigel Pharmaceuticals Inc                    | Rigel Pharmaceuticals, Inc.                  | CUSIP: 766559702<br>LEI: 529900KPTNUS5J8K9K66 | Long             | EC               | CORP              | US        |     44500 | NS      | $1551270.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Robert Half Inc                              | Robert Half, Inc.                            | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |    623032 | NS      | $21563137.52  | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Rush Enterprises Inc                         | Rush Enterprises, Inc.                       | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |    260853 | NS      | $16744154.07  | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Ryerson Holding Corp                         | Ryerson Holding Corp.                        | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |     80400 | NS      | $2268888.00   | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| S&T Bancorp Inc                              | S&T Bancorp, Inc.                            | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47580 | NS      | $2028811.20   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| H2O America                                  | H2O America                                  | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50900 | NS      | $2648836.00   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| SLM Corp                                     | SLM Corp.                                    | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    955147 | NS      | $25932241.05  | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Sally Beauty Holdings Inc                    | Sally Beauty Holdings, Inc.                  | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    149700 | NS      | $2278434.00   | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| ScanSource Inc                               | ScanSource, Inc.                             | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |     43140 | NS      | $1854588.60   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Schneider National Inc                       | Schneider National, Inc.                     | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |    444404 | NS      | $11927803.36  | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Scholastic Corp                              | Scholastic Corp.                             | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36600 | NS      | $1279902.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: —       |
| Scotts Miracle-Gro Co/The                    | Scotts Miracle-Gro Co.                       | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |    181430 | NS      | $11651434.60  | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Seacoast Banking Corp of Florida             | Seacoast Banking Corp. of Florida            | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |   1064195 | NS      | $35586680.80  | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Select Water Solutions Inc                   | Select Water Solutions, Inc.                 | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |    816141 | NS      | $9867144.69   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Seneca Foods Corp                            | Seneca Foods Corp.                           | CUSIP: 817070501<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10440 | NS      | $1245805.20   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Sensient Technologies Corp                   | Sensient Technologies Corp.                  | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |    151372 | NS      | $14307681.44  | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Seritage Growth Properties                   | Seritage Growth Properties                   | CUSIP: 81752R100<br>LEI: 5493003CJFC2MM82WB25 | Long             | EC               | CORP              | US        |    898083 | NS      | $2963673.90   | 0.08%             |  |  |  | No            | 1                  | On Loan: —       |
| ServisFirst Bancshares Inc                   | ServisFirst Bancshares, Inc.                 | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    181907 | NS      | $14889087.95  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Shore Bancshares Inc                         | Shore Bancshares, Inc.                       | CUSIP: 825107105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11900 | NS      | $225743.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Sierra Bancorp                               | Sierra Bancorp                               | CUSIP: 82620P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       900 | NS      | $31869.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| SIGA Technologies Inc                        | SIGA Technologies, Inc.                      | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108060 | NS      | $724002.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Simmons First National Corp                  | Simmons First National Corp.                 | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |    853105 | NS      | $17343624.65  | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| SkyWest Inc                                  | SkyWest, Inc.                                | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     81400 | NS      | $7856728.00   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Skyward Specialty Insurance Group Inc        | Skyward Specialty Insurance Group, Inc.      | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |    180749 | NS      | $8065020.38   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Smith & Wesson Brands Inc                    | Smith & Wesson Brands, Inc.                  | CUSIP: 831754106<br>LEI: 5493004PFHUPOR1PWN79 | Long             | EC               | CORP              | US        |     52200 | NS      | $570024.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| SmartFinancial Inc                           | SmartFinancial, Inc.                         | CUSIP: 83190L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14330 | NS      | $572053.60    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Solventum Corp                               | Solventum Corp.                              | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |    139709 | NS      | $10753401.73  | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Sonic Automotive Inc                         | Sonic Automotive, Inc.                       | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |    233306 | NS      | $13989027.76  | 0.37%             |  |  |  | No            | 1                  | On Loan: —       |
| Southern Missouri Bancorp Inc                | Southern Missouri Bancorp, Inc.              | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14620 | NS      | $914773.40    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Southside Bancshares Inc                     | Southside Bancshares, Inc.                   | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     10700 | NS      | $344433.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Stagwell Inc                                 | Stagwell, Inc.                               | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |   5234448 | NS      | $31459032.48  | 0.82%             |  |  |  | No            | 1                  | On Loan: —       |
| Standard Motor Products Inc                  | Standard Motor Products, Inc.                | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     54500 | NS      | $2176185.00   | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Standex International Corp                   | Standex International Corp.                  | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |    188927 | NS      | $45342480.00  | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Stanley Black & Decker Inc                   | Stanley Black & Decker, Inc.                 | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    105200 | NS      | $8275032.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Stepan Co                                    | Stepan Co.                                   | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |    203189 | NS      | $11705718.29  | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Stifel Financial Corp                        | Stifel Financial Corp.                       | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    146782 | NS      | $18098220.60  | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| SunOpta Inc                                  | SunOpta, Inc.                                | CUSIP: 8676EP108<br>LEI: 54930010CP0KEPPRPA40 | Long             | EC               | CORP              | CA        |   1293993 | NS      | $5926487.94   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Sunstone Hotel Investors Inc                 | Sunstone Hotel Investors, Inc.               | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               |  | US        |    864345 | NS      | $7580305.65   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Tri Pointe Homes Inc                         | Tri Pointe Homes, Inc.                       | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    188700 | NS      | $6293145.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Talos Energy Inc                             | Talos Energy, Inc.                           | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    241800 | NS      | $2882256.00   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| TEGNA Inc                                    | TEGNA, Inc.                                  | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    276790 | NS      | $5303296.40   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Tejon Ranch Co                               | Tejon Ranch Co.                              | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |     67690 | NS      | $1089132.10   | 0.03%             |  |  |  | No            | 1                  | On Loan: —       |
| Terex Corp                                   | Terex Corp.                                  | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     99300 | NS      | $5660100.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Texas Capital Bancshares Inc                 | Texas Capital Bancshares, Inc.               | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |    304300 | NS      | $30786031.00  | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Thermon Group Holdings Inc                   | Thermon Group Holdings, Inc.                 | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |    187390 | NS      | $8479397.50   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Third Coast Bancshares Inc                   | Third Coast Bancshares, Inc.                 | CUSIP: 88422P109<br>LEI: 254900LW0YOTBYSQCK19 | Long             | EC               | CORP              | US        |      4900 | NS      | $198744.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Thor Industries Inc                          | Thor Industries, Inc.                        | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |    142583 | NS      | $15950760.21  | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Timken Co/The                                | Timken Co.                                   | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |    358382 | NS      | $33397618.58  | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Metallus Inc                                 | Metallus, Inc.                               | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     63300 | NS      | $1262835.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Titan International Inc                      | Titan International, Inc.                    | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |    159100 | NS      | $1517814.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Titan Machinery Inc                          | Titan Machinery, Inc.                        | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |     58400 | NS      | $950168.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Toro Co/The                                  | Toro Co.                                     | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |    153044 | NS      | $14003526.00  | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Towne Bank/Portsmouth VA                     | Towne Bank                                   | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |     29200 | NS      | $1022000.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Transcat Inc                                 | Transcat, Inc.                               | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |     15592 | NS      | $940353.52    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Travel + Leisure Co                          | Travel & Leisure Co.                         | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |    162850 | NS      | $11324589.00  | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Triumph Financial Inc                        | Triumph Financial, Inc.                      | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |    245763 | NS      | $15505187.67  | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| TrustCo Bank Corp NY                         | TrustCo Bank Corp.                           | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21240 | NS      | $921816.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Trustmark Corp                               | Trustmark Corp.                              | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |     21290 | NS      | $905250.80    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| UFP Industries Inc                           | UFP Industries, Inc.                         | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    114637 | NS      | $11839709.36  | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| United Community Banks Inc/GA                | United Community Banks, Inc.                 | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     63850 | NS      | $2198355.50   | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| United Bankshares Inc/WV                     | United Bankshares, Inc.                      | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |     72460 | NS      | $3067231.80   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| United Fire Group Inc                        | United Fire Group, Inc.                      | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38700 | NS      | $1390878.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| American Coastal Insurance Corp              | American Coastal Insurance Corp.             | CUSIP: 910710102<br>LEI: 5299002P9105LJQA8G51 | Long             | EC               | CORP              | US        |     69320 | NS      | $765986.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| United Natural Foods Inc                     | United Natural Foods, Inc.                   | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |    107160 | NS      | $3989566.80   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Corp/VA                            | Universal Corp.                              | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |     61200 | NS      | $3463308.00   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Display Corp                       | Universal Display Corp.                      | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113615 | NS      | $13045274.30  | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Insurance Holdings Inc             | Universal Insurance Holdings, Inc.           | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               | CORP              | US        |     42950 | NS      | $1307827.50   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Univest Financial Corp                       | Univest Financial Corp.                      | CUSIP: 915271100<br>LEI: 4WII2HCR8UEWNU03U507 | Long             | EC               | CORP              | US        |     10100 | NS      | $334714.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Urban Edge Properties                        | Urban Edge Properties                        | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               |  | US        |    767192 | NS      | $14906540.56  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| VF Corp                                      | VF Corp.                                     | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |    641715 | NS      | $12571196.85  | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanda Pharmaceuticals Inc                    | Vanda Pharmaceuticals, Inc.                  | CUSIP: 921659108<br>LEI: 529900AY8VOOQBKJ0O70 | Long             | EC               | CORP              | US        |     38200 | NS      | $288028.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Varex Imaging Corp                           | Varex Imaging Corp.                          | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |     59100 | NS      | $823854.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Veeco Instruments Inc                        | Veeco Instruments, Inc.                      | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |    475505 | NS      | $14850021.15  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Verra Mobility Corp                          | Verra Mobility Corp.                         | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |    653963 | NS      | $12621485.90  | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Victory Capital Holdings Inc                 | Victory Capital Holdings, Inc.               | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     85900 | NS      | $6058527.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Village Super Market Inc                     | Village Super Market, Inc.                   | CUSIP: 927107409<br>LEI: 25490069686XCNNEMQ07 | Long             | EC               | CORP              | US        |     17560 | NS      | $626189.60    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Virtu Financial Inc                          | Virtu Financial, Inc.                        | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     49900 | NS      | $2071349.00   | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Virtus Investment Partners Inc               | Virtus Investment Partners, Inc.             | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      8570 | NS      | $1399052.50   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Vishay Intertechnology Inc                   | Vishay Intertechnology, Inc.                 | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    869785 | NS      | $17526167.75  | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Vishay Precision Group Inc                   | Vishay Precision Group, Inc.                 | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110818 | NS      | $5549765.44   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Visteon Corp                                 | Visteon Corp.                                | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     62860 | NS      | $5711459.60   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Vontier Corp                                 | Vontier Corp.                                | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    133800 | NS      | $5017500.00   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| American Beacon U.S. Government Money Market | American Beacon U.S. Government Money Market | CUSIP: 02368W200<br>LEI: 549300EXCES9V5RWB620 | Long             | STIV             | RF                | US        |  88550017 | NS      | $88550016.51  | 2.31%             |  |  |  | No            | 1                  | On Loan: No      |
| American Beacon U.S. Government Money Market | American Beacon U.S. Government Money Market | CUSIP: 02368W200<br>LEI: 549300EXCES9V5RWB620 | Long             | STIV             | RF                | US        |  30148850 | NS      | $30148850.47  | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| American Beacon U.S. Government Money Market | American Beacon U.S. Government Money Market | CUSIP: 02368W200<br>LEI: 549300EXCES9V5RWB620 | Long             | STIV             | RF                | US        |  27209323 | NS      | $27209323.03  | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| WSFS Financial Corp                          | WSFS Financial Corp.                         | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     49760 | NS      | $3220964.80   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Walker & Dunlop Inc                          | Walker & Dunlop, Inc.                        | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    211215 | NS      | $13283311.35  | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| WaFd Inc                                     | WaFd, Inc.                                   | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135313 | NS      | $4413910.06   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Washington Trust Bancorp Inc                 | Washington Trust Bancorp, Inc.               | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               | CORP              | US        |      1300 | NS      | $44681.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Climb Global Solutions Inc                   | Climb Global Solutions, Inc.                 | CUSIP: 946760105<br>LEI: 549300LKM16VX2FG7J68 | Long             | EC               | CORP              | US        |     35963 | NS      | $4264852.17   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Webtoon Entertainment Inc                    | Webtoon Entertainment, Inc.                  | CUSIP: 94845U105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    186100 | NS      | $2249949.00   | 0.06%             |  |  |  | No            | 1                  | On Loan: —       |
| Werner Enterprises Inc                       | Werner Enterprises, Inc.                     | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |    652940 | NS      | $22363195.00  | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| WesBanco Inc                                 | WesBanco, Inc.                               | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28280 | NS      | $998001.20    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Westamerica BanCorp                          | Westamerica BanCorp                          | CUSIP: 957090103<br>LEI: 984500CF4F8115C11D96 | Long             | EC               | CORP              | US        |     33450 | NS      | $1691901.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| WEX Inc                                      | WEX, Inc.                                    | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |    107966 | NS      | $16615967.40  | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Willis Lease Finance Corp                    | Willis Lease Finance Corp.                   | CUSIP: 970646105<br>LEI: 54930023EP1OE5MKWF89 | Long             | EC               | CORP              | US        |      4400 | NS      | $802032.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| WillScot Holdings Corp                       | WillScot Holdings Corp.                      | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    855337 | NS      | $17132400.11  | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Winnebago Industries Inc                     | Winnebago Industries, Inc.                   | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     74042 | NS      | $3399268.22   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Workiva Inc                                  | Workiva, Inc.                                | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |    376800 | NS      | $29021136.00  | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| World Acceptance Corp                        | World Acceptance Corp.                       | CUSIP: 981419104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8390 | NS      | $1017287.50   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| World Kinect Corp                            | World Kinect Corp.                           | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |    143320 | NS      | $3856741.20   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Wyndham Hotels & Resorts Inc                 | Wyndham Hotels & Resorts, Inc.               | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |    173504 | NS      | $12629356.16  | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| XPEL Inc                                     | XPEL, Inc.                                   | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |    137069 | NS      | $7060424.19   | 0.18%             |  |  |  | Yes           | 1                  | On Loan: No      |
| YETI Holdings Inc                            | YETI Holdings, Inc.                          | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    303958 | NS      | $13893920.18  | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Zeta Global Holdings Corp                    | Zeta Global Holdings Corp.                   | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |    785314 | NS      | $14591134.12  | 0.38%             |  |  |  | No            | 1                  | On Loan: —       |
| Zions Bancorp NA                             | Zions Bancorp NA                             | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     85900 | NS      | $5146269.00   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                  | Future                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |      1028 | NC      | $3325446.10   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| American Beacon U.S. Government Money Market | American Beacon U.S. Government Money Market | CUSIP: 02368W200<br>LEI: 549300EXCES9V5RWB620 | Long             | STIV             | RF                | US        |  18917814 | NS      | $18917813.75  | 0.49%             |  |  |  | No            | N/A                | On Loan: No      |
| Adient PLC                                   | Adient PLC                                   | CUSIP: 000000000<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | IE        |    644025 | NS      | $13395720.00  | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Assured Guaranty Ltd                         | Assured Guaranty Ltd.                        | CUSIP: 000000000<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |     76300 | NS      | $6474055.00   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank of NT Butterfield & Son Ltd/The         | Bank of NT Butterfield & Son Ltd.            | CUSIP: 000000000<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |    312597 | NS      | $16192524.60  | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Burford Capital Ltd                          | Burford Capital Ltd.                         | CUSIP: 000000000<br>LEI: 549300FUKUWFYJMT2277 | Long             | EC               | CORP              | GG        |    998740 | NS      | $9677790.60   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferroglobe PLC                               | Ferroglobe PLC                               | CUSIP: 000000000<br>LEI: 2138005GCFJACFTZUD90 | Long             | EC               | CORP              | GB        |   1957047 | NS      | $9295973.25   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Fresh Del Monte Produce Inc                  | Fresh Del Monte Produce, Inc.                | CUSIP: 000000000<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |    120980 | NS      | $4798066.80   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| GigaCloud Technology Inc                     | GigaCloud Technology, Inc.                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     26700 | NS      | $1066131.00   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Hamilton Insurance Group Ltd                 | Hamilton Insurance Group Ltd.                | CUSIP: 000000000<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |     99300 | NS      | $2755575.00   | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Herbalife Ltd                                | Herbalife Ltd.                               | CUSIP: 000000000<br>LEI: 549300BA7TYPBSZZIA41 | Long             | EC               | CORP              | KY        |     66029 | NS      | $1138339.96   | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Ichor Holdings Ltd                           | Ichor Holdings Ltd.                          | CUSIP: 000000000<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | KY        |    592906 | NS      | $17988768.04  | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Weatherford International PLC                | Weatherford International PLC                | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |    157772 | NS      | $14843189.76  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| LivaNova PLC                                 | LivaNova PLC                                 | CUSIP: 000000000<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |    269700 | NS      | $17721987.00  | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Alpha & Omega Semiconductor Ltd              | Alpha & Omega Semiconductor Ltd.             | CUSIP: 000000000<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | BM        |     19400 | NS      | $428740.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Noble Corp PLC                               | Noble Corp. PLC                              | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |    226000 | NS      | $8050120.00   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Seadrill Ltd                                 | Seadrill Ltd.                                | CUSIP: 000000000<br>LEI: 213800EQ6L456U2JCO89 | Long             | EC               | CORP              | BM        |     88800 | NS      | $3417024.00   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Signet Jewelers Ltd                          | Signet Jewelers Ltd.                         | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |     58200 | NS      | $5370114.00   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| SiriusPoint Ltd                              | SiriusPoint Ltd.                             | CUSIP: 000000000<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | BM        |    214120 | NS      | $4370189.20   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Valaris Ltd                                  | Valaris Ltd.                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    107760 | NS      | $6220984.80   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| White Mountains Insurance Group Ltd          | White Mountains Insurance Group Ltd.         | CUSIP: 000000000<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |      2350 | NS      | $4805585.50   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Transocean Ltd                               | Transocean Ltd.                              | CUSIP: 000000000<br>LEI: 529900QO4W5DQGBGEF32 | Long             | EC               | CORP              | CH        |   1567200 | NS      | $7788984.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Tower Semiconductor Ltd                      | Tower Semiconductor Ltd.                     | CUSIP: 000000000<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |    181834 | NS      | $24498494.82  | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Ermenegildo Zegna NV                         | Ermenegildo Zegna NV                         | CUSIP: 000000000<br>LEI: 8156003760472AA7E269 | Long             | EC               | CORP              | NL        |   1351596 | NS      | $11745369.24  | 0.31%             |  |  |  | No            | 1                  | On Loan: —       |
| EXPRO GROUP HOLDINGS NV                      | Expro Group Holdings NV                      | CUSIP: 000000000<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |    405261 | NS      | $6488228.61   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Genco Shipping & Trading Ltd                 | Genco Shipping & Trading Ltd.                | CUSIP: 000000000<br>LEI: 5493003MBZ5GU8QHXZ58 | Long             | EC               | CORP              | MH        |     64990 | NS      | $1358291.00   | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| International Seaways Inc                    | International Seaways, Inc.                  | CUSIP: 000000000<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     74720 | NS      | $4457048.00   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** AMERICAN BEACON FUNDS

**Signature:** Melinda Heika

**Name of Signer:** Melinda Heika

**Title:** Treasurer