<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000809593</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000049467</seriesId>
        <classId>C000156380</classId>
        <classId>C000156382</classId>
        <classId>C000156381</classId>
        <classId>C000156383</classId>
        <classId>C000156379</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>AMERICAN BEACON FUNDS</regName>
      <regFileNumber>811-04984</regFileNumber>
      <regCik>0000809593</regCik>
      <regLei>549300EXCES9V5RWB620</regLei>
      <regStreet1>220 EAST LAS COLINAS BOULEVARD</regStreet1>
      <regStreet2>SUITE 1200</regStreet2>
      <regCity>IRVING</regCity>
      <regStateConditional regCountry="US" regState="US-TX"/>
      <regZipOrPostalCode>75039</regZipOrPostalCode>
      <regPhone>817-391-6100</regPhone>
      <seriesName>American Beacon Ionic Strategic Arbitrage Fund</seriesName>
      <seriesId>S000049467</seriesId>
      <seriesLei>549300B628G74H51OC85</seriesLei>
      <repPdEnd>2019-12-31</repPdEnd>
      <repPdDate>2019-09-30</repPdDate>
      <isFinalFiling>Y</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>12343011.56</totAssets>
      <totLiabs>61651.80</totLiabs>
      <netAssets>12281359.76</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>0.00000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000156382" rtn1="-1.08000000" rtn2="-2.46000000" rtn3="-0.28000000"/>
          <monthlyTotReturn classId="C000156381" rtn1="-1.20000000" rtn2="-2.29000000" rtn3="-0.41000000"/>
          <monthlyTotReturn classId="C000156379" rtn1="-1.21000000" rtn2="-2.46000000" rtn3="-0.28000000"/>
          <monthlyTotReturn classId="C000156383" rtn1="-1.07000000" rtn2="-2.43000000" rtn3="-0.28000000"/>
          <monthlyTotReturn classId="C000156380" rtn1="-1.22000000" rtn2="-2.48000000" rtn3="-0.42000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
            <mon1 netRealizedGain="-88254.23000000" netUnrealizedAppr="250232.86000000"/>
            <mon2 netRealizedGain="172402.89000000" netUnrealizedAppr="-396925.13000000"/>
            <mon3 netRealizedGain="-239863.41000000" netUnrealizedAppr="238203.64000000"/>
            <futureCategory>
              <instrMon1 netRealizedGain="-3275.01000000" netUnrealizedAppr="-2632.51000000"/>
              <instrMon2 netRealizedGain="-9470.84000000" netUnrealizedAppr="-23549.16000000"/>
              <instrMon3 netRealizedGain="-28231.67000000" netUnrealizedAppr="25476.67000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="6845.01000000" netUnrealizedAppr="-32805.00000000"/>
              <instrMon2 netRealizedGain="-78895.11000000" netUnrealizedAppr="75253.85000000"/>
              <instrMon3 netRealizedGain="-271483.99000000" netUnrealizedAppr="279652.17000000"/>
            </optionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="-8591.09000000" netUnrealizedAppr="12074.43000000"/>
              <instrMon2 netRealizedGain="-19451.80000000" netUnrealizedAppr="11929.64000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="-83233.14000000" netUnrealizedAppr="273595.94000000"/>
              <instrMon2 netRealizedGain="280220.64000000" netUnrealizedAppr="-460559.46000000"/>
              <instrMon3 netRealizedGain="59852.25000000" netUnrealizedAppr="-66925.20000000"/>
            </warrantCategory>
          </equityContracts>
          <foreignExchgContracts>
            <mon1 netRealizedGain="-14779.20000000" netUnrealizedAppr="-4421.03000000"/>
            <mon2 netRealizedGain="47992.41000000" netUnrealizedAppr="-32726.79000000"/>
            <mon3 netRealizedGain="-157751.26000000" netUnrealizedAppr="140435.16000000"/>
            <futureCategory>
              <instrMon1 netRealizedGain="-19812.38000000" netUnrealizedAppr="42688.75000000"/>
              <instrMon2 netRealizedGain="44659.42000000" netUnrealizedAppr="-12640.40000000"/>
              <instrMon3 netRealizedGain="-7991.10000000" netUnrealizedAppr="5095.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="5033.18000000" netUnrealizedAppr="-47109.78000000"/>
              <instrMon2 netRealizedGain="3332.99000000" netUnrealizedAppr="-20086.39000000"/>
              <instrMon3 netRealizedGain="-149760.16000000" netUnrealizedAppr="135340.16000000"/>
            </optionCategory>
          </foreignExchgContracts>
          <interestRtContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
          </interestRtContracts>
          <otherContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
          </otherContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="-186513.60000000" netUnrealizedAppr="-217623.04000000"/>
        <othMon2 netRealizedGain="-97175.15000000" netUnrealizedAppr="-40964.60000000"/>
        <othMon3 netRealizedGain="-153204.65000000" netUnrealizedAppr="148308.27000000"/>
      </returnInfo>
      <mon1Flow redemption="5279502.70000000" reinvestment="0.00000000" sales="293646.00000000"/>
      <mon2Flow redemption="5941175.40000000" reinvestment="0.00000000" sales="59130.00000000"/>
      <mon3Flow redemption="1511268.90000000" reinvestment="0.00000000" sales="0.00000000"/>


    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>American Beacon U.S. Government Money Market</name>
        <lei>549300EXCES9V5RWB620</lei>
        <title>American Beacon U.S. Government Money Market</title>
        <cusip>02368W200</cusip>
        <identifiers>
          <isin value="US02368W2008"/>
        </identifiers>
        <balance>10885339.07000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10885339.07000000</valUSD>
        <pctVal>88.63301200127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWAP DEUTSCHE BANK COC SWAP CASH COLLATERAL USD</name>
        <lei>N/A</lei>
        <title>SWAP DEUTSCHE BANK COC SWAP CASH COLLATERAL USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="996HWR906"/>
        </identifiers>
        <balance>6710000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6710000.00000000</valUSD>
        <pctVal>54.63564402578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2019-10-14</ncom:dateSigned>
      <ncom:nameOfApplicant>AMERICAN BEACON FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Sonia Bates</ncom:signature>
      <ncom:signerName>Sonia Bates</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
