NPORT-P false 0000809593 XXXXXXXX S000070164 C000223146 C000223148 C000223147 C000223149 AMERICAN BEACON FUNDS 811-04984 0000809593 549300EXCES9V5RWB620 220 EAST LAS COLINAS BOULEVARD SUITE 1200 IRVING 75039 817-391-6100 American Beacon AHL TargetRisk Core Fund S000070164 549300LO378E2F1YRS90 2022-12-31 2022-03-31 N 10615434.09 140146.03 10475288.06 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 915641.19000000 AUD CAD EUR GBP JPY KRW USD N ASX Clear (Futures) 549300ZD7BBOVZFVHK49 000000000 2.00000000 NC 10231.69000000 0.097674545476 N/A DE AU N 1 ASX Clear (Futures) 549300ZD7BBOVZFVHK49 Long SFE S&P ASX Share Price Index 200 Future XPM2 INDEX 2022-06-16 360325.00000000 AUD 10231.69000000 N N N ICE Futures Europe - Financial Products Division N/A 000000000 5.00000000 NC 16556.88000000 0.158056560403 N/A DE GB N 1 ICE Futures Europe - Financial Products Division N/A Long FTSE 100 Index Future Z M2 INDEX 2022-06-17 361725.00000000 GBP 16556.88000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 15.00000000 NC USD -55937.54000000 -0.53399524365 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT 10 Year US Treasury Note TYM2 COMDTY 2022-06-21 1899062.54000000 USD -55937.54000000 N N N Nasdaq Stockholm AB 549300KBQIVNEJEZVL96 000000000 10.00000000 NC -1221.11000000 -0.01165705413 N/A DE SE N 1 Nasdaq Stockholm AB 549300KBQIVNEJEZVL96 Long OML Stockholm OMXS30 Index Future QCJ2 INDEX 2022-04-13 2096380.00000000 SEK -1221.11000000 N N N Osaka Exchange 3538001249AILNPRUX57 000000000 1.00000000 NC -8182.90000000 -0.07811622891 N/A DIR JP N 1 Osaka Exchange 3538001249AILNPRUX57 Long TSE Japanese 10 Year Bond Futures JBM2 COMDTY 2022-06-13 150693200.00000000 JPY -8182.90000000 N N N South African Futures Exchange N/A 000000000 1.00000000 NC 2072.29000000 0.019782654072 N/A DE ZA N 1 South African Futures Exchange N/A Long SAFEX FTSE/JSE Top 40 Index Future AIM2 Index 2022-06-15 658528.60000000 ZAR 2072.29000000 N N N United States Treasury 254900HROIFWPRGM1V77 912796J42 1450000.00000000 PA USD 1448733.47000000 13.83001079972 Long DBT UST US N 2 2022-06-16 None 0.00000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912796R43 1500000.00000000 PA USD 1498377.47000000 14.30392616811 Long DBT UST US N 2 2022-06-23 None 0.00000000 N N N N N N ASX Clear (Futures) 549300ZD7BBOVZFVHK49 000000000 4.00000000 NC -14590.37000000 -0.13928371149 N/A DIR AU N 1 ASX Clear (Futures) 549300ZD7BBOVZFVHK49 Long SFE 10 Year Australian Bond Future XMM2 COMDTY 2022-06-15 526401.34000000 AUD -14590.37000000 N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 7.00000000 NC -53440.59000000 -0.51015866765 N/A DIR DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Long EUX 10 Year Euro BUND Future RXM2 COMDTY 2022-06-08 1158650.00000000 EUR -53440.59000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 1.00000000 NC USD 25734.00000000 0.245663888693 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME E-Mini NASDAQ 100 Index Future NQM2 INDEX 2022-06-17 271641.00000000 USD 25734.00000000 N N N Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 000000000 3.00000000 NC 16271.10000000 0.155328425402 N/A DE SG N 1 Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 Long SGX Nikkei 225 Stock Index Future NIM2 INDEX 2022-06-09 39717595.00000000 JPY 16271.10000000 N N N Euronext Eqf, Equities And Indices Derivatives N/A 000000000 1.00000000 NC 10363.22000000 0.098930167272 N/A DE NL N 1 Euronext Eqf, Equities And Indices Derivatives N/A Long Euronext Amsterdam Index Future EOJ2 INDEX 2022-04-14 135488.00000000 EUR 10363.22000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 4.00000000 NC USD -24281.25000000 -0.23179553498 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CME Ultra Long Term US Treasury Bond Future WNM2 COMDTY 2022-06-21 732781.25000000 USD -24281.25000000 N N N Euronext N.V. 724500QJ4QSZ3H9QU415 000000000 2.00000000 NC 4856.72000000 0.046363593747 N/A DE FR N 1 Euronext N.V. 724500QJ4QSZ3H9QU415 Long Euronext CAC 40 Index Future CFJ2 INDEX 2022-04-14 128785.00000000 EUR 4856.72000000 N N N Hong Kong Futures Exchange Ltd. 213800YTVSXYQN17BW16 000000000 2.00000000 NC 2138.83000000 0.020417863334 N/A DE HK N 1 Hong Kong Futures Exchange Ltd. 213800YTVSXYQN17BW16 Long HKG Hang Seng China Enterprises Index Future HCJ2 INDEX 2022-04-28 735350.00000000 HKD 2138.83000000 N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 4.00000000 NC -19638.28000000 -0.18747245791 N/A DIR DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Long Euro-BTP Italian Bond Futures IKM2 COMDTY 2022-06-08 570890.00000000 EUR -19638.28000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 3.00000000 NC USD 36737.50000000 0.350706346112 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME E-Mini Standard & Poor's 500 Index Future ESM2 INDEX 2022-06-17 642875.00000000 USD 36737.50000000 N N N State Street Bank & Trust Co. 571474TGEMMWANRLN572 000000000 1.00000000 NC -327.02000000 -0.00312182345 N/A DFE US N 2 State Street Bank & Trust Co. 571474TGEMMWANRLN572 29000.00000000 GBP 37764.26000000 USD 2022-04-21 -327.02000000 N N N Korea Exchange (Futures Market) N/A 000000000 2.00000000 NC 3403.32000000 0.032489034960 N/A DE KR N 1 Korea Exchange (Futures Market) N/A Long KFE KOSPI 200 Index Future KMM2 INDEX 2022-06-09 178725000.00000000 KRW 3403.32000000 N N N United States Treasury 254900HROIFWPRGM1V77 912796N47 900000.00000000 PA USD 899978.25000000 8.591441541704 Long DBT UST US N 2 2022-04-07 None 0.00000000 N N N N N N The Montreal Exchange / Bourse De Montreal N/A 000000000 2.00000000 NC 1313.00000000 0.012534261516 N/A DE CA N 1 The Montreal Exchange / Bourse De Montreal N/A Long Montreal Exchange S&P/TSX 60 Index Future PTM2 INDEX 2022-06-16 525200.00000000 CAD 1313.00000000 N N N State Street Bank & Trust Co. 571474TGEMMWANRLN572 000000000 1.00000000 NC -1451.77000000 -0.01385899835 N/A DFE US N 2 State Street Bank & Trust Co. 571474TGEMMWANRLN572 236000.00000000 EUR 259751.51000000 USD 2022-04-21 -1451.77000000 N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC -1070.76000000 -0.01022177140 N/A DFE US N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 99185.69000000 EUR 108707.32000000 USD 2022-04-21 -1070.76000000 N N N The Montreal Exchange / Bourse De Montreal N/A 000000000 3.00000000 NC -10928.31000000 -0.10432467286 N/A DIR CA N 1 The Montreal Exchange / Bourse De Montreal N/A Long Montreal Exchange 10 Year Canadian Bond Future CNM2 COMDTY 2022-06-21 405330.00000000 CAD -10928.31000000 N N N Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 000000000 6.00000000 NC USD 1988.25000000 0.018980384965 N/A DE SG N 1 Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 Long SGX FTSE China A50 Futures Contract XUJ2 INDEX 2022-04-28 80505.75000000 USD 1988.25000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 4.00000000 NC USD -22218.75000000 -0.21210633896 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT US Long Bond Future USM2 COMDTY 2022-06-21 622468.75000000 USD -22218.75000000 N N N Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 000000000 1.00000000 NC USD 739.60000000 0.007060426365 N/A DE SG N 1 Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 Long SGX FTSE Taiwan Index Futures TWTJ2 INDEX 2022-04-28 61020.40000000 USD 739.60000000 N N N Italian Derivatives Market N/A 000000000 1.00000000 NC 11104.25000000 0.106004244813 N/A DE IT N 1 Italian Derivatives Market N/A Long FTSE/MIB Index Future STM2 INDEX 2022-06-17 112050.00000000 EUR 11104.25000000 N N N Hong Kong Futures Exchange Ltd. 213800YTVSXYQN17BW16 000000000 1.00000000 NC 1321.60000000 0.012616359497 N/A DE HK N 1 Hong Kong Futures Exchange Ltd. 213800YTVSXYQN17BW16 Long HKG Hang Seng Index Future HIJ2 INDEX 2022-04-28 1089150.00000000 HKD 1321.60000000 N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 7.00000000 NC 7246.13000000 0.069173563137 N/A DE DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Long Eurex EURO STOXX 50 Future VGM2 INDEX 2022-06-17 261097.50000000 EUR 7246.13000000 N N N HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 000000000 1.00000000 NC 1067.41000000 0.010189791382 N/A DFE XX N 2 HSBC Bank PLC MP6I5ZYZBEU3UXPYFY54 170874.20000000 USD 155351.11000000 EUR 2022-04-21 1067.41000000 N N N United States Treasury 254900HROIFWPRGM1V77 912796Q36 1500000.00000000 PA USD 1499369.79000000 14.31339912957 Long DBT UST US N 2 2022-05-26 None 0.00000000 N N N N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 4.00000000 NC -27649.36000000 -0.26394844553 N/A DIR DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Long French Government Bond Futures OATM2 COMDTY 2022-06-08 630890.00000000 EUR -27649.36000000 N N N Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 000000000 2.00000000 NC 540.88000000 0.005163390227 N/A DE SG N 1 Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 Long SGX MSCI Singapore Index Future QZJ2 INDEX 2022-04-28 66238.00000000 SGD 540.88000000 N N N United States Treasury 254900HROIFWPRGM1V77 912796P37 1400000.00000000 PA USD 1399857.98000000 13.36343184055 Long DBT UST US N 2 2022-04-28 None 0.00000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912796S42 1500000.00000000 PA USD 1496918.60000000 14.28999939119 Long DBT UST US N 2 2022-07-21 None 0.00000000 N N N N N N ICE Futures Europe - Financial Products Division N/A 000000000 6.00000000 NC -12876.84000000 -0.12292587971 N/A DIR GB N 1 ICE Futures Europe - Financial Products Division N/A Long Long Gilt Future G M2 COMDTY 2022-06-28 737160.00000000 GBP -12876.84000000 N N N Osaka Exchange 3538001249AILNPRUX57 000000000 3.00000000 NC 32369.78000000 0.309010881749 N/A DE JP N 1 Osaka Exchange 3538001249AILNPRUX57 Long TSE TOPIX (Tokyo Price Index) Future TPM2 INDEX 2022-06-09 54466118.00000000 JPY 32369.78000000 N N N Korea Exchange (Futures Market) N/A 000000000 3.00000000 NC -5758.84000000 -0.05497548102 N/A DIR KR N 1 Korea Exchange (Futures Market) N/A Long KFE 10 Year Treasury Bond Future KAAM2 COMDTY 2022-06-21 357980000.00000000 KRW -5758.84000000 N N N United States Treasury 254900HROIFWPRGM1V77 912796S67 1500000.00000000 PA USD 1495841.15000000 14.27971375519 Long DBT UST US N 2 2022-08-04 None 0.00000000 N N N N N N 2022-04-27 AMERICAN BEACON FUNDS Sonia Bates Sonia Bates Treasurer XXXX