<?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">
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    </filerInfo>
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      <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 GLG Total Return Fund</seriesName>
      <seriesId>S000053744</seriesId>
      <seriesLei>549300TFVGG1R46TWS94</seriesLei>
      <repPdEnd>2020-01-31</repPdEnd>
      <repPdDate>2019-10-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>7848500.31</totLiabs>
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      <assetsInvested>0.00000000</assetsInvested>
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        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Long: B796828   CDS USD R V 03MEVENT 9796828_PRO CCPSOVEREIGN / Short: B796828   CDS USD P F  1.00000 9796828_FEE CCPSOVEREIGN</title>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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        </derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Long: S952433   CDS USD R F  1.00000 9952433_FEE CCPSOVEREIGN / Short: S952433   CDS USD P V 03MEVENT 9952433_PRO CCPSOVEREIGN</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="99S1BM6C8"/>
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                <issuerName>Korea International Bond</issuerName>
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      </invstOrSec>
      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Long: B739096   CDS USD R V 03MEVENT 9739096_PRO CCPSOVEREIGN / Short: B739096   CDS USD P F  1.00000 9739096_FEE CCPSOVEREIGN</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Intercontinental Exchange, Inc.</counterpartyName>
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                <issuerName>Penerbangan Malaysia Bhd</issuerName>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
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      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
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          <other otherDesc="Trade Identifier" value="19HNKBB8X7T"/>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED USD / SOLD ZAR</title>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED USD / SOLD BRL</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FORWARDS BARCLAYS BANK COC OPTIONS CASH COLLATERALD</name>
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        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912MQP907"/>
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        <balance>-10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-10000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED BRL / SOLD USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="19GRKBB8876"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC Bank plc</counterpartyName>
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            <amtCurSold>200000.00000000</amtCurSold>
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        </derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Long: B762734   CDS USD R V 03MEVENT 9762734_PRO CCPSOVEREIGN / Short: B762734   CDS USD P F  1.00000 9762734_FEE CCPSOVEREIGN</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="99S1AZZL8"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Intercontinental Exchange, Inc.</counterpartyName>
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        </derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC Bank plc</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Trade Identifier" value="19GOKBCBP2V"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC Bank plc</counterpartyName>
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            <amtCurSold>5600000.00000000</amtCurSold>
            <curSold>USD</curSold>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
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          <other otherDesc="Trade Identifier" value="19FEKBB6866"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="BRL" exchangeRt="4.02392272"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC Bank plc</counterpartyName>
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            <amtCurSold>14767164.58000000</amtCurSold>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED IDR / SOLD USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="19IJKBCC4G2"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="IDR" exchangeRt="14182.70000000"/>
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        <pctVal>0.019979663525</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>HSBC Bank plc</counterpartyName>
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            <amtCurSold>420000.00000000</amtCurSold>
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            <amtCurPur>6024900000.00000000</amtCurPur>
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            <settlementDt>2020-02-13</settlementDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Long: S956420   CDS USD R F  1.00000 9956420_FEE CCPSOVEREIGN / Short: S956420   CDS USD P V 03MEVENT 9956420_PRO CCPSOVEREIGN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="99S1BM6I5"/>
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        <balance>9700000.00000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>269795.90000000</valUSD>
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        <assetCat>DCR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Intercontinental Exchange, Inc.</counterpartyName>
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                <issuerName>Penerbangan Malaysia Bhd</issuerName>
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            <swapFlag>Y</swapFlag>
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            <notionalAmt>9700000.00000000</notionalAmt>
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            <unrealizedAppr>-4329.73000000</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Long: B722358   CDS USD R V 03MEVENT 9722358_PRO CCPSOVEREIGN / Short: B722358   CDS USD P F  1.00000 9722358_FEE CCPSOVEREIGN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="99S1AQT35"/>
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        <balance>3100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-108246.14000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Intercontinental Exchange, Inc.</counterpartyName>
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                <issuerName>Korea International Bond</issuerName>
                <issueTitle>Korea International Bond</issueTitle>
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                  <cusip value="50064FAM6"/>
                  <isin value="US50064FAM68"/>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Long: B707598   CDS USD R V 03MEVENT 9707598_PRO CCPSOVEREIGN / Short: B707598   CDS USD P F  1.00000 9707598_FEE CCPSOVEREIGN</title>
        <cusip>000000000</cusip>
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        <balance>27100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1139752.83000000</valUSD>
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                <issuerName>Republic of South Africa Government International Bond</issuerName>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912796SX8</cusip>
        <identifiers>
          <isin value="US912796SX88"/>
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        <balance>8615000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8598344.36000000</valUSD>
        <pctVal>35.74324158963</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-19</maturityDt>
          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED BRL / SOLD USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="19GMKBB9TCN"/>
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        <isRestrictedSec>N</isRestrictedSec>

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            <amtCurSold>1800000.00000000</amtCurSold>
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      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bank Aktiengesellschaft</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Long: 6870176   CDS USD R V 03MEVENT 6870176_PRO SOVEREIGN / Short: 6870176   CDS USD P F  1.00000 6870176_FEE SOVEREIGN</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="99S0ZSN32"/>
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        <valUSD>480151.87000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Deutsche Bank Aktiengesellschaft</counterpartyName>
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                <issuerName>Lebanon Government International Bond</issuerName>
                <issueTitle>Lebanon Government International Bond</issueTitle>
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                  <isin value="XS0629509943"/>
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            <swapFlag>Y</swapFlag>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <notionalAmt>1100000.00000000</notionalAmt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED USD / SOLD ARS</title>
        <cusip>000000000</cusip>
        <identifiers>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
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        <name>United States Treasury</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>HSBC Bank plc</name>
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      <invstOrSec>
        <name>HSBC Bank plc</name>
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      <invstOrSec>
        <name>HSBC Bank plc</name>
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      <invstOrSec>
        <name>HSBC Bank plc</name>
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      <invstOrSec>
        <name>HSBC Bank plc</name>
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      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
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      <invstOrSec>
        <name>HSBC Bank plc</name>
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      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Long: B733687   CDS USD R V 03MEVENT 9733687_PRO CCPSOVEREIGN / Short: B733687   CDS USD P F  1.00000 9733687_FEE CCPSOVEREIGN</title>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">buy protection</otherRecDesc>
            <fixedPmntDesc amount="-20533.33000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <terminationDt>2024-12-20</terminationDt>
            <upfrontPmnt>2215548.72000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>17600000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-340310.43000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED COP / SOLD USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="19IFKBCC2WR"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="COP" exchangeRt="3385.95454545"/>
        <valUSD>1042.54000000</valUSD>
        <pctVal>0.004333829575</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC Bank plc</counterpartyName>
              <counterpartyLei>MP6I5ZYZBEU3UXPYFY54</counterpartyLei>
            </counterparties>
            <amtCurSold>220000.00000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>748440000.00000000</amtCurPur>
            <curPur>COP</curPur>
            <settlementDt>2019-12-23</settlementDt>
            <unrealizedAppr>1042.54000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Long: B762735   CDS USD R V 03MEVENT 9762735_PRO CCPSOVEREIGN / Short: B762735   CDS USD P F  1.00000 9762735_FEE CCPSOVEREIGN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="99S1AZZR5"/>
        </identifiers>
        <balance>24400000.00000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>254157.48000000</valUSD>
        <pctVal>1.056530400400</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Intercontinental Exchange, Inc.</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Brazilian Government International Bond</issuerName>
                <issueTitle>Brazilian Government International Bond</issueTitle>
                <identifiers>
                  <cusip value="105756BV1"/>
                  <isin value="US105756BV13"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">buy protection</otherRecDesc>
            <fixedPmntDesc amount="-28466.67000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <terminationDt>2024-12-20</terminationDt>
            <upfrontPmnt>360087.71000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>24400000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-105930.23000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED BRL / SOLD USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="19JRKBB91TC"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="BRL" exchangeRt="4.02392272"/>
        <valUSD>1525.99000000</valUSD>
        <pctVal>0.006343526957</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC Bank plc</counterpartyName>
              <counterpartyLei>MP6I5ZYZBEU3UXPYFY54</counterpartyLei>
            </counterparties>
            <amtCurSold>5700000.00000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>22942500.00000000</amtCurPur>
            <curPur>BRL</curPur>
            <settlementDt>2020-01-03</settlementDt>
            <unrealizedAppr>1525.99000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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>116663.13000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>116663.13000000</valUSD>
        <pctVal>0.484967601389</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>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED BRL / SOLD USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="19FKKBCDWS1"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="BRL" exchangeRt="4.02392272"/>
        <valUSD>-240866.05000000</valUSD>
        <pctVal>-1.00127804324</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC Bank plc</counterpartyName>
              <counterpartyLei>MP6I5ZYZBEU3UXPYFY54</counterpartyLei>
            </counterparties>
            <amtCurSold>12600000.00000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>49732200.00000000</amtCurPur>
            <curPur>BRL</curPur>
            <settlementDt>2020-01-03</settlementDt>
            <unrealizedAppr>-240866.05000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED USD / SOLD IDR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="19IGKBCCS1V"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="IDR" exchangeRt="14182.70000000"/>
        <valUSD>-80872.08000000</valUSD>
        <pctVal>-0.33618452253</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC Bank plc</counterpartyName>
              <counterpartyLei>MP6I5ZYZBEU3UXPYFY54</counterpartyLei>
            </counterparties>
            <amtCurSold>85740521810.00000000</amtCurSold>
            <curSold>IDR</curSold>
            <amtCurPur>5964558.04000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-02-13</settlementDt>
            <unrealizedAppr>-80872.08000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED USD / SOLD BRL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="19FDKBB77D0"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="BRL" exchangeRt="4.02392272"/>
        <valUSD>662289.66000000</valUSD>
        <pctVal>2.753132269256</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC Bank plc</counterpartyName>
              <counterpartyLei>MP6I5ZYZBEU3UXPYFY54</counterpartyLei>
            </counterparties>
            <amtCurSold>129255280.27000000</amtCurSold>
            <curSold>BRL</curSold>
            <amtCurPur>32784000.00000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-01-03</settlementDt>
            <unrealizedAppr>662289.66000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC Bank plc</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>PURCHASED USD / SOLD COP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="19HNKBB8X7R"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="COP" exchangeRt="3385.95454545"/>
        <valUSD>-79349.29000000</valUSD>
        <pctVal>-0.32985429795</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC Bank plc</counterpartyName>
              <counterpartyLei>MP6I5ZYZBEU3UXPYFY54</counterpartyLei>
            </counterparties>
            <amtCurSold>11507288300.00000000</amtCurSold>
            <curSold>COP</curSold>
            <amtCurPur>3319186.68000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2019-12-23</settlementDt>
            <unrealizedAppr>-79349.29000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <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>2019-11-26</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>
