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      <invstOrSec>
        <name>American Beacon U.S. Government Money Market</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MARRIOTT OWNERSHIP RESOR</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENTEGRIS ESCROW CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JBS USA/FOOD/FINANCE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OKEA AS</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <lei>2549006C25X8KUBSYI24</lei>
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        <name>MEDLINE BORROWER LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CAESARS ENTERTAIN INC</name>
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        <name>OCCIDENTAL PETROLEUM COR</name>
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        <title>Occidental Petroleum Corp.</title>
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        <name>Churchill Downs Inc</name>
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        <name>CARNIVAL CORP</name>
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        <title>Carnival Corp.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PHARMING NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STRATHCONA RESOURCES LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>VICTORIA'S SECRET &amp; CO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SYNEOS HEALTH INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vector Group Ltd</name>
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        <name>AECOM</name>
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        <name>STERICYCLE INC</name>
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        <name>LADBROKES GROUP FIN PLC</name>
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        <name>BLACK KNIGHT INFOSERV LL</name>
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        <name>Leidos Inc</name>
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        <name>SELECT MEDICAL CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MARRIOTT OWNERSHIP RESOR</name>
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        <title>Marriott Ownership Resorts, Inc.</title>
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        <name>CENTENE CORP</name>
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        <title>Centene Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TELEFLEX INC</name>
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        <title>Teleflex, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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        <name>TRIMAS CORP</name>
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        <title>TriMas Corp.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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        <name>CARRIAGE SERVICES INC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Chicago Mercantile Exchange</name>
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        <title>Future</title>
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          <other otherDesc="Bloomberg Identifier" value="BBG00HNVC120"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LAMAR MEDIA CORP</name>
        <lei>N/A</lei>
        <title>Lamar Media Corp.</title>
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        <balance>16496000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SIX FLAGS ENTERTAINMENT</name>
        <lei>549300JYTDUAA4JQ3717</lei>
        <title>Six Flags Entertainment Corp.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HORIZON THERAPEUTICS USA</name>
        <lei>254900IS87RLPXY88S03</lei>
        <title>Horizon Therapeutics USA, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>UNIVISION COMMUNICATIONS</name>
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        <title>Univision Communications, Inc.</title>
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        <name>GO DADDY OPCO/FINCO</name>
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        <name>CRESTWOOD MID PARTNER LP</name>
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        <name>ELANCO ANIMAL HEALTH INC</name>
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        <title>Elanco Animal Health, Inc.</title>
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        <name>Hess Midstream LP</name>
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        <cusip>428103105</cusip>
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        <balance>375487.00000000</balance>
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        <name>NAVIOS SA LOGIST/FIN US</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SEAWORLD PARKS &amp; ENTERTA</name>
        <lei>549300UZV72O3371JJ53</lei>
        <title>SeaWorld Parks &amp; Entertainment, Inc.</title>
        <cusip>81282UAG7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Products Partners LP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HCA INC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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        <name>CHARLES RIVER LABORATORI</name>
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        <title>Charles River Laboratories International, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TURNING POINT BRANDS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EURONAV LUXEMBOURG SA</name>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <title>TTM Technologies, Inc.</title>
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        <name>ANNALY CAPITAL MGMT</name>
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        <title>Annaly Capital Management, Inc.</title>
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        <title>QVC, Inc.</title>
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        <name>ENCOMPASS HEALTH CORP</name>
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        <title>Encompass Health Corp.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GO DADDY OPCO/FINCO</name>
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        <title>Go Daddy Operating Co. LLC/GD Finance Co., Inc.</title>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12206218.63000000</valUSD>
        <pctVal>0.875821634845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <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>2022-09-15</ncom:dateSigned>
      <ncom:nameOfApplicant>AMERICAN BEACON FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Sonia Bates</ncom:signature>
      <ncom:signerName>Sonia Bates</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
