<?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>S000070164</seriesId>
        <classId>C000223146</classId>
        <classId>C000223148</classId>
        <classId>C000223147</classId>
        <classId>C000223149</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 AHL TargetRisk Core Fund</seriesName>
      <seriesId>S000070164</seriesId>
      <seriesLei>549300LO378E2F1YRS90</seriesLei>
      <repPdEnd>2023-12-31</repPdEnd>
      <repPdDate>2023-06-30</repPdDate>
      <isFinalFiling>Y</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>9053197.52</totAssets>
      <totLiabs>13337.81</totLiabs>
      <netAssets>9039859.71</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>9050880.41000000</cshNotRptdInCorD>
      <curMetrics>
        <curMetric>
          <curCd>USD</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
      </curMetrics>
      <creditSprdRiskInvstGrade period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
      <creditSprdRiskNonInvstGrade period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000223146" rtn1="1.42000000" rtn2="-1.74000000" rtn3="3.20000000"/>
          <monthlyTotReturn classId="C000223148" rtn1="1.31000000" rtn2="-1.65000000" rtn3="3.11000000"/>
          <monthlyTotReturn classId="C000223147" rtn1="1.34000000" rtn2="-1.65000000" rtn3="3.25000000"/>
          <monthlyTotReturn classId="C000223149" rtn1="1.33000000" rtn2="-1.79000000" rtn3="3.17000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
            <mon1 netRealizedGain="31275.56000000" netUnrealizedAppr="65846.46000000"/>
            <mon2 netRealizedGain="-15614.74000000" netUnrealizedAppr="-47671.30000000"/>
            <mon3 netRealizedGain="466018.73000000" netUnrealizedAppr="-160489.96000000"/>
            <futureCategory>
              <instrMon1 netRealizedGain="31275.56000000" netUnrealizedAppr="65846.46000000"/>
              <instrMon2 netRealizedGain="-15614.74000000" netUnrealizedAppr="-47671.30000000"/>
              <instrMon3 netRealizedGain="466018.73000000" netUnrealizedAppr="-160489.96000000"/>
            </futureCategory>
          </equityContracts>
          <foreignExchgContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="623.33000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="7965.94000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="-6503.13000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="623.33000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="7965.94000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="-6503.13000000"/>
            </forwardCategory>
          </foreignExchgContracts>
          <interestRtContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="1211.41000000"/>
            <mon2 netRealizedGain="965.54000000" netUnrealizedAppr="-111374.07000000"/>
            <mon3 netRealizedGain="42125.38000000" netUnrealizedAppr="-84026.34000000"/>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="1211.41000000"/>
              <instrMon2 netRealizedGain="965.54000000" netUnrealizedAppr="-111374.07000000"/>
              <instrMon3 netRealizedGain="42125.38000000" netUnrealizedAppr="-84026.34000000"/>
            </futureCategory>
          </interestRtContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="-2520.10000000" netUnrealizedAppr="-3069.57000000"/>
        <othMon2 netRealizedGain="1746.13000000" netUnrealizedAppr="-4326.73000000"/>
        <othMon3 netRealizedGain="2132.17000000" netUnrealizedAppr="5604.27000000"/>
      </returnInfo>
      <mon1Flow redemption="0.00000000" reinvestment="0.00000000" sales="0.00000000"/>
      <mon2Flow redemption="0.00000000" reinvestment="0.00000000" sales="0.00000000"/>
      <mon3Flow redemption="0.00000000" reinvestment="0.00000000" sales="14950.05000000"/>


      <varInfo>


      </varInfo>
    </fundInfo>
    <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>2023-07-28</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>
