United States
Securities and Exchange Commission
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-04984
AMERICAN BEACON FUNDS
(Exact name of Registrant as specified in charter)
220 East Las Colinas Blvd., Suite 1200
Irving, Texas 75039
(Address of principal executive offices) (Zip code)
Gene L. Needles, Jr., PRESIDENT
220 East Las Colinas Blvd., Suite 1200
Irving, Texas 75039
(Name and address of agent for service)
Registrant’s telephone number, including area code: (817) 391-6100
Date of fiscal year end: October 31, 2021
Date of reporting period: July 31, 2021
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
A Registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A Registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
ITEM 1. | SCHEDULE OF INVESTMENTS. |
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 60.40% | ||||||||
Communication Services - 4.71% | ||||||||
Interactive Media & Services - 0.69% | ||||||||
Alphabet, Inc., Class AA | 490 | $ | 1,320,320 | |||||
|
| |||||||
Media - 3.27% | ||||||||
Altice USA, Inc., Class AA | 39,800 | 1,223,054 | ||||||
Comcast Corp., Class A | 40,876 | 2,404,735 | ||||||
Discovery, Inc., Class CA | 41,499 | 1,125,038 | ||||||
Interpublic Group of Cos., Inc. | 9,200 | 325,312 | ||||||
News Corp., Class A | 34,200 | 842,346 | ||||||
Omnicom Group, Inc. | 3,886 | 282,978 | ||||||
|
| |||||||
6,203,463 | ||||||||
|
| |||||||
Wireless Telecommunication Services - 0.75% | ||||||||
T-Mobile US, Inc.A | 4,239 | 610,501 | ||||||
Vodafone Group PLC, ADRB | 49,632 | 810,490 | ||||||
|
| |||||||
1,420,991 | ||||||||
|
| |||||||
Total Communication Services | 8,944,774 | |||||||
|
| |||||||
Consumer Discretionary - 6.26% | ||||||||
Auto Components - 0.91% | ||||||||
Adient PLCA | 5,232 | 220,424 | ||||||
Goodyear Tire & Rubber Co.A | 17,659 | 277,423 | ||||||
Magna International, Inc.B | 14,604 | 1,224,253 | ||||||
|
| |||||||
1,722,100 | ||||||||
|
| |||||||
Automobiles - 0.94% | ||||||||
General Motors Co.A | 26,342 | 1,497,279 | ||||||
Harley-Davidson, Inc. | 7,041 | 278,965 | ||||||
|
| |||||||
1,776,244 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 1.01% | ||||||||
Aramark | 16,464 | 578,381 | ||||||
Booking Holdings, Inc.A | 200 | 435,652 | ||||||
Las Vegas Sands Corp.A | 21,472 | 909,339 | ||||||
|
| |||||||
1,923,372 | ||||||||
|
| |||||||
Household Durables - 0.28% | ||||||||
Lennar Corp., Class A | 5,087 | 534,898 | ||||||
|
| |||||||
Multiline Retail - 1.01% | ||||||||
Dollar General Corp. | 8,222 | 1,912,766 | ||||||
|
| |||||||
Specialty Retail - 1.49% | ||||||||
Advance Auto Parts, Inc. | 7,605 | 1,612,716 | ||||||
Lowe’s Cos., Inc. | 6,342 | 1,222,040 | ||||||
|
| |||||||
2,834,756 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.62% | ||||||||
Ralph Lauren Corp. | 10,339 | 1,173,683 | ||||||
|
| |||||||
Total Consumer Discretionary | 11,877,819 | |||||||
|
| |||||||
Consumer Staples - 1.75% | ||||||||
Beverages - 0.96% | ||||||||
Coca-Cola Europacific Partners PLC | 29,441 | 1,827,108 | ||||||
|
| |||||||
Food Products - 0.27% | ||||||||
Mondelez International, Inc., Class A | 8,200 | 518,732 | ||||||
|
|
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 60.40% (continued) |
| |||||||
Consumer Staples - 1.75% (continued) |
| |||||||
Personal Products - 0.52% | ||||||||
Unilever PLC, ADR | 17,000 | $ | 978,010 | |||||
|
| |||||||
Total Consumer Staples | 3,323,850 | |||||||
|
| |||||||
Energy - 5.90% | ||||||||
Energy Equipment & Services - 1.06% | ||||||||
Baker Hughes Co. | 15,800 | 335,592 | ||||||
Halliburton Co. | 31,100 | 643,148 | ||||||
NOV, Inc.A | 48,900 | 675,309 | ||||||
Schlumberger NV | 12,500 | 360,375 | ||||||
|
| |||||||
2,014,424 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 4.84% | ||||||||
APA Corp. | 50,214 | 941,512 | ||||||
Hess Corp. | 35,004 | 2,675,706 | ||||||
Marathon Oil Corp. | 112,331 | 1,301,916 | ||||||
Marathon Petroleum Corp. | 7,631 | 421,384 | ||||||
Murphy Oil Corp. | 7,000 | 151,970 | ||||||
Phillips 66 | 26,734 | 1,963,078 | ||||||
Pioneer Natural Resources Co. | 5,046 | 733,537 | ||||||
Royal Dutch Shell PLC, Class A, ADR | 24,435 | 992,550 | ||||||
|
| |||||||
9,181,653 | ||||||||
|
| |||||||
Total Energy | 11,196,077 | |||||||
|
| |||||||
Financials - 15.41% | ||||||||
Banks - 6.75% | ||||||||
Bank of America Corp. | 24,398 | 935,907 | ||||||
CIT Group, Inc. | 8,750 | 422,100 | ||||||
Citigroup, Inc. | 49,704 | 3,360,984 | ||||||
Citizens Financial Group, Inc. | 9,768 | 411,819 | ||||||
JPMorgan Chase & Co. | 9,650 | 1,464,677 | ||||||
US Bancorp | 27,196 | 1,510,466 | ||||||
Wells Fargo & Co. | 102,266 | 4,698,100 | ||||||
|
| |||||||
12,804,053 | ||||||||
|
| |||||||
Capital Markets - 3.13% | ||||||||
Bank of New York Mellon Corp. | 17,615 | 904,178 | ||||||
Credit Suisse Group AG, ADRA | 56,100 | 563,805 | ||||||
Goldman Sachs Group, Inc. | 7,296 | 2,735,124 | ||||||
Northern Trust Corp. | 10,116 | 1,141,591 | ||||||
State Street Corp. | 6,806 | 593,075 | ||||||
|
| |||||||
5,937,773 | ||||||||
|
| |||||||
Consumer Finance - 1.35% | ||||||||
American Express Co. | 6,745 | 1,150,225 | ||||||
Navient Corp. | 30,916 | 631,614 | ||||||
SLM Corp. | 41,600 | 783,328 | ||||||
|
| |||||||
2,565,167 | ||||||||
|
| |||||||
Diversified Financial Services - 0.60% | ||||||||
Berkshire Hathaway, Inc., Class BA | 3,100 | 862,699 | ||||||
Equitable Holdings, Inc. | 8,900 | 274,743 | ||||||
|
| |||||||
1,137,442 | ||||||||
|
| |||||||
Insurance - 3.58% | ||||||||
American International Group, Inc. | 84,809 | 4,015,706 | ||||||
Chubb Ltd. | 3,513 | 592,784 | ||||||
Hartford Financial Services Group, Inc. | 10,200 | 648,924 | ||||||
Travelers Cos., Inc. | 5,657 | 842,441 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 60.40% (continued) |
| |||||||
Financials - 15.41% (continued) |
| |||||||
Insurance - 3.58% (continued) |
| |||||||
Willis Towers Watson PLC | 3,417 | $ | 704,175 | |||||
|
| |||||||
6,804,030 | ||||||||
|
| |||||||
Total Financials | 29,248,465 | |||||||
|
| |||||||
Health Care - 7.27% | ||||||||
Health Care Equipment & Supplies - 1.05% | ||||||||
Boston Scientific Corp.A | 6,900 | 314,640 | ||||||
Medtronic PLC | 10,128 | 1,329,908 | ||||||
Zimmer Biomet Holdings, Inc. | 2,132 | 348,411 | ||||||
|
| |||||||
1,992,959 | ||||||||
|
| |||||||
Health Care Providers & Services - 4.52% | ||||||||
Anthem, Inc. | 9,091 | 3,491,035 | ||||||
Centene Corp.A | 10,200 | 699,822 | ||||||
CVS Health Corp. | 20,222 | 1,665,484 | ||||||
HCA Healthcare, Inc. | 1,400 | 347,480 | ||||||
Humana, Inc. | 1,000 | 425,860 | ||||||
UnitedHealth Group, Inc. | 4,721 | 1,946,091 | ||||||
|
| |||||||
8,575,772 | ||||||||
|
| |||||||
Pharmaceuticals - 1.70% | ||||||||
Bristol-Myers Squibb Co. | 5,500 | 373,285 | ||||||
GlaxoSmithKline PLC, ADRB | 18,743 | 752,344 | ||||||
Merck & Co., Inc. | 21,089 | 1,621,111 | ||||||
Sanofi, ADR | 9,203 | 474,507 | ||||||
|
| |||||||
3,221,247 | ||||||||
|
| |||||||
Total Health Care | 13,789,978 | |||||||
|
| |||||||
Industrials - 8.72% | ||||||||
Aerospace & Defense - 1.85% | ||||||||
General Dynamics Corp. | 7,123 | 1,396,322 | ||||||
Raytheon Technologies Corp. | 24,387 | 2,120,449 | ||||||
|
| |||||||
3,516,771 | ||||||||
|
| |||||||
Air Freight & Logistics - 0.51% | ||||||||
FedEx Corp. | 3,500 | 979,825 | ||||||
|
| |||||||
Construction & Engineering - 1.27% | ||||||||
AECOMA | 26,591 | 1,674,169 | ||||||
Fluor Corp.A | 9,800 | 163,268 | ||||||
Quanta Services, Inc. | 6,253 | 568,398 | ||||||
|
| |||||||
2,405,835 | ||||||||
|
| |||||||
Electrical Equipment - 0.31% | ||||||||
Emerson Electric Co. | 5,792 | 584,355 | ||||||
|
| |||||||
Industrial Conglomerates - 1.38% | ||||||||
General Electric Co. | 202,100 | 2,617,195 | ||||||
|
| |||||||
Machinery - 2.84% | ||||||||
CNH Industrial NV | 68,680 | 1,156,571 | ||||||
Cummins, Inc. | 3,472 | 805,851 | ||||||
Deere & Co. | 3,288 | 1,188,908 | ||||||
PACCAR, Inc. | 6,739 | 559,270 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 60.40% (continued) |
| |||||||
Industrials - 8.72% (continued) |
| |||||||
Machinery - 2.84% (continued) |
| |||||||
Stanley Black & Decker, Inc. | 8,491 | $ | 1,673,152 | |||||
|
| |||||||
5,383,752 | ||||||||
|
| |||||||
Road & Rail - 0.56% | ||||||||
JB Hunt Transport Services, Inc. | 6,344 | 1,068,647 | ||||||
|
| |||||||
Total Industrials | 16,556,380 | |||||||
|
| |||||||
Information Technology - 6.35% | ||||||||
Communications Equipment - 0.85% | ||||||||
F5 Networks, Inc.A | 5,100 | 1,053,201 | ||||||
Telefonaktiebolaget LM Ericsson, ADRB | 48,720 | 561,742 | ||||||
|
| |||||||
1,614,943 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 0.83% | ||||||||
Corning, Inc. | 19,495 | 816,061 | ||||||
TE Connectivity Ltd. | 5,158 | 760,650 | ||||||
|
| |||||||
1,576,711 | ||||||||
|
| |||||||
IT Services - 0.85% | ||||||||
Cognizant Technology Solutions Corp., Class A | 22,016 | 1,618,836 | ||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 1.74% | ||||||||
Broadcom, Inc. | 3,140 | 1,524,156 | ||||||
QUALCOMM, Inc. | 5,983 | 896,253 | ||||||
Texas Instruments, Inc. | 4,640 | 884,477 | ||||||
|
| |||||||
3,304,886 | ||||||||
|
| |||||||
Software - 1.75% | ||||||||
Microsoft Corp. | 4,945 | 1,408,880 | ||||||
Oracle Corp. | 21,943 | 1,912,113 | ||||||
|
| |||||||
3,320,993 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 0.33% | ||||||||
Hewlett Packard Enterprise Co. | 43,008 | 623,616 | ||||||
|
| |||||||
Total Information Technology | 12,059,985 | |||||||
|
| |||||||
Materials - 1.81% | ||||||||
Chemicals - 1.66% | ||||||||
Corteva, Inc. | 26,101 | 1,116,601 | ||||||
International Flavors & Fragrances, Inc. | 13,582 | 2,045,992 | ||||||
|
| |||||||
3,162,593 | ||||||||
|
| |||||||
Containers & Packaging - 0.15% | ||||||||
International Paper Co. | 4,825 | 278,692 | ||||||
|
| |||||||
Total Materials | 3,441,285 | |||||||
|
| |||||||
Real Estate - 0.96% | ||||||||
Equity Real Estate Investment Trusts (REITs) - 0.96% | ||||||||
MGM Growth Properties LLC, Class A | 48,038 | 1,815,836 | ||||||
|
| |||||||
Utilities - 1.26% | ||||||||
Electric Utilities - 1.26% | ||||||||
Exelon Corp. | 15,421 | 721,703 | ||||||
PPL Corp. | 49,347 | 1,399,974 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 60.40% (continued) |
| |||||||
Utilities - 1.26% (continued) |
| |||||||
Electric Utilities - 1.26% (continued) |
| |||||||
Southern Co. | 4,343 | $ | 277,388 | |||||
|
| |||||||
2,399,065 | ||||||||
|
| |||||||
Total Utilities | 2,399,065 | |||||||
|
| |||||||
Total Common Stocks (Cost $82,003,587) | 114,653,514 | |||||||
|
| |||||||
Principal Amount | ||||||||
CORPORATE OBLIGATIONS - 13.73% | ||||||||
Basic Materials - 0.13% | ||||||||
Chemicals - 0.07% | ||||||||
EI du Pont de Nemours and Co., 1.700%, Due 7/15/2025 | $ | 70,000 | 72,136 | |||||
LYB International Finance LLC, 2.250%, Due 10/1/2030 | 60,000 | 60,877 | ||||||
|
| |||||||
133,013 | ||||||||
|
| |||||||
Forest Products & Paper - 0.03% | ||||||||
International Paper Co., 6.000%, Due 11/15/2041 | 40,000 | 58,113 | ||||||
|
| |||||||
Iron/Steel - 0.03% | ||||||||
Nucor Corp., 4.000%, Due 8/1/2023 | 55,000 | 58,470 | ||||||
|
| |||||||
Total Basic Materials | 249,596 | |||||||
|
| |||||||
Communications - 1.27% | ||||||||
Internet - 0.26% | ||||||||
Amazon.com, Inc., | ||||||||
0.800%, Due 6/3/2025 | 350,000 | 351,362 | ||||||
3.875%, Due 8/22/2037 | 120,000 | 145,292 | ||||||
|
| |||||||
496,654 | ||||||||
|
| |||||||
Media - 0.39% | ||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital, | ||||||||
2.800%, Due 4/1/2031 | 50,000 | 51,713 | ||||||
3.700%, Due 4/1/2051 | 60,000 | 60,622 | ||||||
Comcast Corp., | ||||||||
3.150%, Due 3/1/2026 | 59,000 | 64,373 | ||||||
3.400%, Due 4/1/2030 | 80,000 | 89,350 | ||||||
1.950%, Due 1/15/2031 | 75,000 | 75,155 | ||||||
4.600%, Due 10/15/2038 | 50,000 | 62,860 | ||||||
6.550%, Due 7/1/2039 | 217,000 | 329,244 | ||||||
|
| |||||||
733,317 | ||||||||
|
| |||||||
Telecommunications - 0.62% | ||||||||
AT&T, Inc., | ||||||||
0.900%, Due 3/25/2024 | 110,000 | 110,302 | ||||||
3.400%, Due 5/15/2025 | 169,000 | 184,337 | ||||||
2.250%, Due 2/1/2032 | 65,000 | 64,725 | ||||||
5.350%, Due 9/1/2040 | 65,000 | 84,772 | ||||||
T-Mobile USA, Inc., | ||||||||
3.750%, Due 4/15/2027 | 90,000 | 100,339 | ||||||
3.875%, Due 4/15/2030 | 120,000 | 135,491 | ||||||
Verizon Communications, Inc., | ||||||||
2.100%, Due 3/22/2028 | 90,000 | 92,507 | ||||||
4.329%, Due 9/21/2028 | 180,000 | 210,943 | ||||||
3.150%, Due 3/22/2030 | 60,000 | 65,339 | ||||||
4.500%, Due 8/10/2033 | 50,000 | 60,864 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
CORPORATE OBLIGATIONS - 13.73% (continued) |
| |||||||
Communications - 1.27% (continued) |
| |||||||
Telecommunications - 0.62% (continued) |
| |||||||
Verizon Communications, Inc. (continued) | ||||||||
3.550%, Due 3/22/2051 | $ | 55,000 | $ | 59,779 | ||||
|
| |||||||
1,169,398 | ||||||||
|
| |||||||
Total Communications | 2,399,369 | |||||||
|
| |||||||
Consumer, Cyclical - 1.48% | ||||||||
Airlines - 0.05% | ||||||||
American Airlines Pass Through Trust, 3.150%, Due 8/15/2033, Series AA | 80,398 | 82,653 | ||||||
|
| |||||||
Auto Manufacturers - 0.39% | ||||||||
American Honda Finance Corp., 2.000%, Due 3/24/2028 | 55,000 | 57,179 | ||||||
Cummins, Inc., 0.750%, Due 9/1/2025 | 65,000 | 64,934 | ||||||
General Motors Financial Co., Inc., | ||||||||
1.250%, Due 1/8/2026 | 45,000 | 44,965 | ||||||
1.500%, Due 6/10/2026 | 60,000 | 60,177 | ||||||
Toyota Motor Credit Corp., 1.800%, Due 2/13/2025 | 500,000 | 517,613 | ||||||
|
| |||||||
744,868 | ||||||||
|
| |||||||
Auto Parts & Equipment - 0.05% | ||||||||
Aptiv Corp., 4.150%, Due 3/15/2024 | 80,000 | 86,689 | ||||||
|
| |||||||
Home Furnishings - 0.03% | ||||||||
Whirlpool Corp., 4.600%, Due 5/15/2050 | 50,000 | 63,549 | ||||||
|
| |||||||
Lodging - 0.03% | ||||||||
Marriott International, Inc., 2.850%, Due 4/15/2031, Series HH | 55,000 | 56,267 | ||||||
|
| |||||||
Retail - 0.93% | ||||||||
Dollar General Corp., 4.125%, Due 5/1/2028 | 40,000 | 46,336 | ||||||
Dollar Tree, Inc., 3.700%, Due 5/15/2023 | 55,000 | 57,989 | ||||||
Home Depot, Inc., | ||||||||
2.950%, Due 6/15/2029 | 500,000 | 551,707 | ||||||
1.375%, Due 3/15/2031 | 350,000 | 339,123 | ||||||
Lowe’s Cos., Inc., 2.500%, Due 4/15/2026 | 65,000 | 69,258 | ||||||
McDonald’s Corp., 3.700%, Due 1/30/2026 | 73,000 | 81,312 | ||||||
O’Reilly Automotive, Inc., 4.350%, Due 6/1/2028 | 80,000 | 93,626 | ||||||
Starbucks Corp., 2.550%, Due 11/15/2030 | 60,000 | 63,161 | ||||||
Tractor Supply Co., 1.750%, Due 11/1/2030 | 60,000 | 58,267 | ||||||
Walmart, Inc., | ||||||||
2.375%, Due 9/24/2029 | 150,000 | 160,812 | ||||||
7.550%, Due 2/15/2030 | 169,000 | 250,072 | ||||||
|
| |||||||
1,771,663 | ||||||||
|
| |||||||
Total Consumer, Cyclical | 2,805,689 | |||||||
|
| |||||||
Consumer, Non-Cyclical - 1.76% | ||||||||
Agriculture - 0.03% | ||||||||
Cargill, Inc., 1.375%, Due 7/23/2023C | 50,000 | 50,966 | ||||||
|
| |||||||
Beverages - 0.05% | ||||||||
Keurig Dr Pepper, Inc., 0.750%, Due 3/15/2024 | 85,000 | 85,122 | ||||||
|
|
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
CORPORATE OBLIGATIONS - 13.73% (continued) |
| |||||||
Consumer, Non-Cyclical - 1.76% (continued) |
| |||||||
Biotechnology - 0.04% | ||||||||
Amgen, Inc., 4.400%, Due 5/1/2045 | $ | 55,000 | $ | 68,507 | ||||
|
| |||||||
Commercial Services - 0.08% | ||||||||
Moody’s Corp., 2.550%, Due 8/18/2060 | 50,000 | 45,880 | ||||||
Quanta Services, Inc., 2.900%, Due 10/1/2030 | 100,000 | 104,968 | ||||||
|
| |||||||
150,848 | ||||||||
|
| |||||||
Food - 0.03% | ||||||||
Mondelez International, Inc., 1.500%, Due 2/4/2031 | 65,000 | 62,403 | ||||||
|
| |||||||
Health Care - Products - 0.16% | ||||||||
Medtronic, Inc., 3.500%, Due 3/15/2025 | 219,000 | 240,524 | ||||||
Zimmer Biomet Holdings, Inc., 3.550%, Due 4/1/2025 | 60,000 | 65,231 | ||||||
|
| |||||||
305,755 | ||||||||
|
| |||||||
Health Care - Services - 0.47% | ||||||||
Baylor Scott & White Holdings, 2.839%, Due 11/15/2050, Series 2021 | 60,000 | 61,839 | ||||||
Children’s Health System of Texas, 2.511%, Due 8/15/2050 | 65,000 | 62,270 | ||||||
Community Health Network, Inc., 3.099%, Due 5/1/2050, Series 20-A | 80,000 | 82,630 | ||||||
Health Care Service Corp., 3.200%, Due 6/1/2050C | 40,000 | 42,855 | ||||||
Kaiser Foundation Hospitals, | ||||||||
4.150%, Due 5/1/2047 | 30,000 | 38,026 | ||||||
3.002%, Due 6/1/2051, Series 2021 | 100,000 | 105,799 | ||||||
Sutter Health, 2.294%, Due 8/15/2030, Series 20A | 95,000 | 98,219 | ||||||
UnitedHealth Group, Inc., | ||||||||
0.550%, Due 5/15/2024 | 350,000 | 350,563 | ||||||
1.150%, Due 5/15/2026 | 55,000 | 55,475 | ||||||
|
| |||||||
897,676 | ||||||||
|
| |||||||
Pharmaceuticals - 0.90% | ||||||||
AbbVie, Inc., | ||||||||
4.450%, Due 5/14/2046 | 60,000 | 74,073 | ||||||
4.250%, Due 11/21/2049 | 85,000 | 104,100 | ||||||
Bristol-Myers Squibb Co., | ||||||||
0.750%, Due 11/13/2025 | 350,000 | 349,727 | ||||||
3.400%, Due 7/26/2029 | 650,000 | 736,050 | ||||||
2.350%, Due 11/13/2040 | 60,000 | 58,923 | ||||||
Cigna Corp., 4.125%, Due 11/15/2025 | 50,000 | 56,239 | ||||||
CVS Health Corp., | ||||||||
4.300%, Due 3/25/2028 | 100,000 | 115,699 | ||||||
5.050%, Due 3/25/2048 | 30,000 | 39,934 | ||||||
Shire Acquisitions Investments Ireland DAC, 2.875%, Due 9/23/2023 | 65,000 | 67,957 | ||||||
Viatris, Inc., 3.850%, Due 6/22/2040C | 45,000 | 49,005 | ||||||
Zoetis, Inc., 3.000%, Due 9/12/2027 | 60,000 | 65,528 | ||||||
|
| |||||||
1,717,235 | ||||||||
|
| |||||||
Total Consumer, Non-Cyclical | 3,338,512 | |||||||
|
| |||||||
Energy - 0.69% | ||||||||
Oil & Gas - 0.30% | ||||||||
BP Capital Markets America, Inc., 3.017%, Due 1/16/2027 | 35,000 | 37,991 | ||||||
Chevron USA, Inc., 2.343%, Due 8/12/2050 | 65,000 | 60,533 | ||||||
ConocoPhillips, 4.300%, Due 8/15/2028C | 60,000 | 70,389 | ||||||
Diamondback Energy, Inc., | ||||||||
2.875%, Due 12/1/2024 | 70,000 | 73,709 | ||||||
3.125%, Due 3/24/2031 | 35,000 | 36,702 | ||||||
EOG Resources, Inc., 4.375%, Due 4/15/2030 | 40,000 | 47,892 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
CORPORATE OBLIGATIONS - 13.73% (continued) |
| |||||||
Energy - 0.69% (continued) |
| |||||||
Oil & Gas - 0.30% (continued) |
| |||||||
Marathon Petroleum Corp., | ||||||||
4.500%, Due 5/1/2023 | $ | 65,000 | $ | 69,146 | ||||
5.125%, Due 12/15/2026 | 60,000 | 70,688 | ||||||
Pioneer Natural Resources Co., | ||||||||
1.900%, Due 8/15/2030 | 45,000 | 43,634 | ||||||
2.150%, Due 1/15/2031 | 25,000 | 24,662 | ||||||
Valero Energy Corp., 2.700%, Due 4/15/2023 | 30,000 | 31,072 | ||||||
|
| |||||||
566,418 | ||||||||
|
| |||||||
Pipelines - 0.39% | ||||||||
Columbia Pipeline Group, Inc., 4.500%, Due 6/1/2025 | 61,000 | 68,808 | ||||||
Energy Transfer LP, 4.250%, Due 4/1/2024 | 38,000 | 40,894 | ||||||
Enterprise Products Operating LLC, 6.125%, Due 10/15/2039 | 35,000 | 49,691 | ||||||
MPLX LP, | ||||||||
1.750%, Due 3/1/2026 | 85,000 | 86,344 | ||||||
4.125%, Due 3/1/2027 | 45,000 | 50,712 | ||||||
5.200%, Due 3/1/2047 | 31,000 | 38,433 | ||||||
ONEOK, Inc., 4.550%, Due 7/15/2028 | 65,000 | 74,866 | ||||||
Phillips 66 Partners LP, | ||||||||
3.550%, Due 10/1/2026 | 33,000 | 36,292 | ||||||
3.750%, Due 3/1/2028 | 40,000 | 44,308 | ||||||
Sabine Pass Liquefaction LLC, | ||||||||
5.625%, Due 4/15/2023 | 60,000 | 64,254 | ||||||
5.625%, Due 3/1/2025 | 45,000 | 51,522 | ||||||
4.200%, Due 3/15/2028 | 50,000 | 56,669 | ||||||
Williams Cos., Inc., 5.400%, Due 3/4/2044 | 60,000 | 77,040 | ||||||
|
| |||||||
739,833 | ||||||||
|
| |||||||
Total Energy | 1,306,251 | |||||||
|
| |||||||
Financial - 4.32% | ||||||||
Banks - 2.91% | ||||||||
Bank of America Corp., | ||||||||
4.125%, Due 1/22/2024 | 193,000 | 209,779 | ||||||
1.734%, Due 7/22/2027, (SOFR + 0.960%)D | 350,000 | 356,085 | ||||||
2.087%, Due 6/14/2029, (SOFR + 1.060%)D | 50,000 | 50,898 | ||||||
2.299%, Due 7/21/2032, (SOFR + 1.220%)D | 160,000 | 161,410 | ||||||
6.110%, Due 1/29/2037 | 176,000 | 244,612 | ||||||
5.000%, Due 1/21/2044 | 145,000 | 196,916 | ||||||
Citigroup, Inc., | ||||||||
4.412%, Due 3/31/2031, (SOFR + 3.914%)D | 245,000 | 287,588 | ||||||
5.875%, Due 1/30/2042 | 145,000 | 211,108 | ||||||
Fifth Third Bank N.A., 2.250%, Due 2/1/2027 | 500,000 | 528,276 | ||||||
Goldman Sachs Group, Inc., | ||||||||
5.750%, Due 1/24/2022 | 385,000 | 395,054 | ||||||
1.431%, Due 3/9/2027, (SOFR + 0.798%)D | 125,000 | 125,577 | ||||||
1.542%, Due 9/10/2027, (SOFR + 0.818%)D | 100,000 | 100,536 | ||||||
2.615%, Due 4/22/2032, (SOFR + 1.281%)D | 55,000 | 56,872 | ||||||
JPMorgan Chase & Co., | ||||||||
3.625%, Due 5/13/2024 | 434,000 | 470,871 | ||||||
2.301%, Due 10/15/2025, (SOFR + 1.160%)D | 180,000 | 187,833 | ||||||
3.782%, Due 2/1/2028, (3-mo. USD LIBOR + 1.337%)D | 105,000 | 117,136 | ||||||
3.882%, Due 7/24/2038, (3-mo. USD LIBOR + 1.360%)D | 90,000 | 105,047 | ||||||
5.500%, Due 10/15/2040 | 313,000 | 435,744 | ||||||
Morgan Stanley, | ||||||||
3.591%, Due 7/22/2028, (3-mo. USD LIBOR + 1.340%)D | 90,000 | 100,209 | ||||||
1.794%, Due 2/13/2032, (SOFR + 1.034%)D | 115,000 | 111,674 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
CORPORATE OBLIGATIONS - 13.73% (continued) |
| |||||||
Financial - 4.32% (continued) |
| |||||||
Banks - 2.91% (continued) |
| |||||||
Morgan Stanley (continued) | ||||||||
0.864%, Due 10/21/2025, Series I, (SOFR + 0.745%)D | $ | 35,000 | $ | 35,021 | ||||
PNC Financial Services Group, Inc., | ||||||||
3.500%, Due 1/23/2024 | 80,000 | 85,773 | ||||||
2.550%, Due 1/22/2030 | 500,000 | 529,500 | ||||||
State Street Corp., | ||||||||
2.354%, Due 11/1/2025, (SOFR + 0.940%)D | 65,000 | 68,514 | ||||||
2.200%, Due 3/3/2031 | 55,000 | 56,542 | ||||||
Truist Financial Corp., 1.267%, Due 3/2/2027, (SOFR + 0.609%)D | 55,000 | 55,279 | ||||||
Wells Fargo & Co., | ||||||||
2.572%, Due 2/11/2031, (SOFR + 1.262%)D | 160,000 | 166,820 | ||||||
4.750%, Due 12/7/2046 | 60,000 | 76,999 | ||||||
|
| |||||||
5,527,673 | ||||||||
|
| |||||||
Diversified Financial Services - 0.17% | ||||||||
American Express Co., 4.200%, Due 11/6/2025 | 60,000 | 68,316 | ||||||
CBOE Global Markets, Inc., 3.650%, Due 1/12/2027 | 60,000 | 67,184 | ||||||
Charles Schwab Corp., | ||||||||
0.750%, Due 3/18/2024 | 45,000 | 45,330 | ||||||
3.250%, Due 5/22/2029 | 65,000 | 72,245 | ||||||
Visa, Inc., 3.150%, Due 12/14/2025 | 60,000 | 65,793 | ||||||
|
| |||||||
318,868 | ||||||||
|
| |||||||
Insurance - 0.73% | ||||||||
American International Group, Inc., 4.875%, Due 6/1/2022 | 289,000 | 299,619 | ||||||
Chubb INA Holdings, Inc., 3.350%, Due 5/3/2026 | 65,000 | 71,639 | ||||||
CNA Financial Corp., 2.050%, Due 8/15/2030 | 55,000 | 54,894 | ||||||
MetLife, Inc., | ||||||||
6.375%, Due 6/15/2034 | 169,000 | 245,371 | ||||||
4.721%, Due 12/15/2044 | 193,000 | 255,786 | ||||||
Prudential Financial, Inc., 4.600%, Due 5/15/2044 | 313,000 | 405,946 | ||||||
Trinity Acquisition PLC, 4.400%, Due 3/15/2026 | 52,000 | 58,840 | ||||||
|
| |||||||
1,392,095 | ||||||||
|
| |||||||
REITS - 0.51% | ||||||||
Alexandria Real Estate Equities, Inc., 1.875%, Due 2/1/2033 | 65,000 | 62,829 | ||||||
American Tower Corp., 2.950%, Due 1/15/2051 | 60,000 | 58,973 | ||||||
Camden Property Trust, 3.150%, Due 7/1/2029 | 60,000 | 66,284 | ||||||
Crown Castle International Corp., | ||||||||
3.800%, Due 2/15/2028 | 60,000 | 67,379 | ||||||
2.900%, Due 4/1/2041 | 55,000 | 54,223 | ||||||
Digital Realty Trust LP, 3.700%, Due 8/15/2027 | 55,000 | 61,944 | ||||||
ERP Operating LP, 3.000%, Due 4/15/2023 | 37,000 | 38,427 | ||||||
Healthpeak Properties, Inc., 3.250%, Due 7/15/2026 | 35,000 | 38,227 | ||||||
National Retail Properties, Inc., 3.500%, Due 4/15/2051 | 45,000 | 48,499 | ||||||
Omega Healthcare Investors, Inc., 3.250%, Due 4/15/2033 | 80,000 | 81,674 | ||||||
Prologis LP, 1.250%, Due 10/15/2030 | 50,000 | 47,866 | ||||||
Simon Property Group LP, 3.375%, Due 10/1/2024 | 313,000 | 337,592 | ||||||
|
| |||||||
963,917 | ||||||||
|
| |||||||
Total Financial | 8,202,553 | |||||||
|
| |||||||
Industrial - 1.43% | ||||||||
Aerospace/Defense - 0.33% | ||||||||
Boeing Co., 2.750%, Due 2/1/2026 | 75,000 | 78,418 | ||||||
General Dynamics Corp., 3.500%, Due 5/15/2025 | 75,000 | 82,274 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
CORPORATE OBLIGATIONS - 13.73% (continued) |
| |||||||
Industrial - 1.43% (continued) |
| |||||||
Aerospace/Defense - 0.33% (continued) |
| |||||||
Northrop Grumman Corp., 3.850%, Due 4/15/2045 | $ | 55,000 | $ | 63,968 | ||||
Raytheon Technologies Corp., 6.125%, Due 7/15/2038 | 282,000 | 405,802 | ||||||
|
| |||||||
630,462 | ||||||||
|
| |||||||
Building Materials - 0.11% | ||||||||
Carrier Global Corp., 2.242%, Due 2/15/2025 | 50,000 | 52,319 | ||||||
Martin Marietta Materials, Inc., 0.650%, Due 7/15/2023 | 55,000 | 55,108 | ||||||
Vulcan Materials Co., 3.500%, Due 6/1/2030 | 95,000 | 105,799 | ||||||
|
| |||||||
213,226 | ||||||||
|
| |||||||
Electrical Components & Equipment - 0.03% | ||||||||
Emerson Electric Co., 1.800%, Due 10/15/2027 | 60,000 | 61,987 | ||||||
|
| |||||||
Electronics - 0.03% | ||||||||
Agilent Technologies, Inc., 2.100%, Due 6/4/2030 | 65,000 | 65,410 | ||||||
|
| |||||||
Environmental Control - 0.04% | ||||||||
Republic Services, Inc., 2.500%, Due 8/15/2024 | 65,000 | 68,320 | ||||||
|
| |||||||
Machinery - Diversified - 0.28% | ||||||||
John Deere Capital Corp., 2.450%, Due 1/9/2030 | 500,000 | 534,131 | ||||||
|
| |||||||
Metal Fabricate/Hardware - 0.03% | ||||||||
Precision Castparts Corp., 3.250%, Due 6/15/2025 | 60,000 | 65,462 | ||||||
|
| |||||||
Miscellaneous Manufacturing - 0.08% | ||||||||
General Electric Co., | ||||||||
3.450%, Due 5/15/2024 | 65,000 | 69,552 | ||||||
3.450%, Due 5/1/2027 | 65,000 | 72,028 | ||||||
|
| |||||||
141,580 | ||||||||
|
| |||||||
Packaging & Containers - 0.09% | ||||||||
Amcor Flexibles North America, Inc., 2.690%, Due 5/25/2031 | 55,000 | 57,375 | ||||||
Berry Global, Inc., 1.650%, Due 1/15/2027C | 110,000 | 109,939 | ||||||
|
| |||||||
167,314 | ||||||||
|
| |||||||
Transportation - 0.41% | ||||||||
Burlington Northern Santa Fe LLC, 5.750%, Due 5/1/2040 | 202,000 | 291,093 | ||||||
CSX Corp., 5.500%, Due 4/15/2041 | 157,000 | 217,517 | ||||||
FedEx Corp., 3.250%, Due 5/15/2041 | 55,000 | 58,124 | ||||||
Norfolk Southern Corp., 2.900%, Due 6/15/2026 | 60,000 | 65,012 | ||||||
Union Pacific Corp., 4.100%, Due 9/15/2067 | 55,000 | 66,597 | ||||||
United Parcel Service, Inc., 3.400%, Due 3/15/2029 | 65,000 | 73,426 | ||||||
|
| |||||||
771,769 | ||||||||
|
| |||||||
Total Industrial | 2,719,661 | |||||||
|
| |||||||
Technology - 1.37% | ||||||||
Computers - 1.09% | ||||||||
Apple, Inc., | ||||||||
1.400%, Due 8/5/2028 | 200,000 | 199,160 | ||||||
2.200%, Due 9/11/2029 | 300,000 | 313,863 | ||||||
Dell International LLC / EMC Corp., 5.300%, Due 10/1/2029 | 65,000 | 79,508 | ||||||
Hewlett Packard Enterprise Co., 6.350%, Due 10/15/2045 | 500,000 | 692,078 | ||||||
HP, Inc., 4.050%, Due 9/15/2022 | 145,000 | 150,832 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
CORPORATE OBLIGATIONS - 13.73% (continued) |
| |||||||
Technology - 1.37% (continued) |
| |||||||
Computers - 1.09% (continued) |
| |||||||
International Business Machines Corp., 4.250%, Due 5/15/2049 | $ | 500,000 | $ | 628,027 | ||||
|
| |||||||
2,063,468 | ||||||||
|
| |||||||
Semiconductors - 0.14% | ||||||||
Broadcom Corp. / Broadcom Cayman Finance Ltd., 3.125%, Due 1/15/2025 | 55,000 | 58,807 | ||||||
Lam Research Corp., | ||||||||
3.750%, Due 3/15/2026 | 35,000 | 39,225 | ||||||
1.900%, Due 6/15/2030 | 75,000 | 76,579 | ||||||
Microchip Technology, Inc., 0.983%, Due 9/1/2024C | 40,000 | 39,942 | ||||||
QUALCOMM, Inc., 1.650%, Due 5/20/2032 | 59,000 | 57,481 | ||||||
|
| |||||||
272,034 | ||||||||
|
| |||||||
Software - 0.14% | ||||||||
Fiserv, Inc., 3.500%, Due 7/1/2029 | 75,000 | 83,693 | ||||||
Oracle Corp., 4.300%, Due 7/8/2034 | 92,000 | 108,735 | ||||||
VMware, Inc., 2.200%, Due 8/15/2031 | 80,000 | 79,911 | ||||||
|
| |||||||
272,339 | ||||||||
|
| |||||||
Total Technology | 2,607,841 | |||||||
|
| |||||||
Utilities - 1.28% | ||||||||
Electric - 1.15% | ||||||||
Appalachian Power Co., 4.500%, Due 3/1/2049, Series Y | 25,000 | 31,515 | ||||||
Berkshire Hathaway Energy Co., 6.125%, Due 4/1/2036 | 277,000 | 395,994 | ||||||
Consolidated Edison Co. of New York, Inc., | ||||||||
4.625%, Due 12/1/2054 | 40,000 | 51,490 | ||||||
5.500%, Due 12/1/2039, Series 09-C | 169,000 | 229,388 | ||||||
Consumers Energy Co., 2.500%, Due 5/1/2060 | 80,000 | 74,859 | ||||||
Dominion Energy, Inc., 3.375%, Due 4/1/2030, Series C | 55,000 | 60,945 | ||||||
DTE Energy Co., 1.050%, Due 6/1/2025, Series F | 115,000 | 115,340 | ||||||
Duke Energy Corp., 3.750%, Due 4/15/2024 | 45,000 | 48,452 | ||||||
Duke Energy Progress LLC, 4.150%, Due 12/1/2044 | 100,000 | 122,953 | ||||||
Entergy Arkansas LLC, 3.350%, Due 6/15/2052 | 55,000 | 61,222 | ||||||
Entergy Corp., 2.800%, Due 6/15/2030 | 45,000 | 47,632 | ||||||
Entergy Louisiana LLC, 4.000%, Due 3/15/2033 | 47,000 | 55,804 | ||||||
Exelon Corp., 4.050%, Due 4/15/2030 | 60,000 | 69,275 | ||||||
Florida Power & Light Co., 3.950%, Due 3/1/2048 | 50,000 | 62,060 | ||||||
Kentucky Utilities Co., 3.300%, Due 6/1/2050 | 60,000 | 65,622 | ||||||
National Rural Utilities Cooperative Finance Corp., | ||||||||
2.950%, Due 2/7/2024 | 55,000 | 58,143 | ||||||
4.300%, Due 3/15/2049 | 40,000 | 51,308 | ||||||
Northern States Power Co., 2.600%, Due 6/1/2051 | 70,000 | 69,678 | ||||||
Ohio Power Co., 2.600%, Due 4/1/2030, Series P | 60,000 | 63,737 | ||||||
Oklahoma Gas and Electric Co., 0.553%, Due 5/26/2023 | 85,000 | 85,046 | ||||||
Southwestern Electric Power Co., 3.550%, Due 2/15/2022 | 289,000 | 291,539 | ||||||
WEC Energy Group, Inc., 3.550%, Due 6/15/2025 | 66,000 | 72,304 | ||||||
|
| |||||||
2,184,306 | ||||||||
|
| |||||||
Gas - 0.13% | ||||||||
National Fuel Gas Co., 3.950%, Due 9/15/2027 | 80,000 | 87,060 | ||||||
NiSource, Inc., | ||||||||
3.490%, Due 5/15/2027 | 45,000 | 50,034 | ||||||
3.950%, Due 3/30/2048 | 55,000 | 64,101 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
CORPORATE OBLIGATIONS - 13.73% (continued) | ||||||||
Utilities - 1.28% (continued) | ||||||||
Gas - 0.13% (continued) | ||||||||
Southern California Gas Co., 2.550%, Due 2/1/2030 | $ | 40,000 | $ | 42,020 | ||||
|
| |||||||
243,215 | ||||||||
|
| |||||||
Total Utilities | 2,427,521 | |||||||
|
| |||||||
Total Corporate Obligations (Cost $23,606,729) | 26,056,993 | |||||||
|
| |||||||
FOREIGN CORPORATE OBLIGATIONS - 2.17% | ||||||||
Basic Materials - 0.05% | ||||||||
Chemicals - 0.03% | ||||||||
Nutrien Ltd., 4.000%, Due 12/15/2026 | 44,000 | 49,728 | ||||||
|
| |||||||
Mining - 0.02% | ||||||||
Teck Resources Ltd., 6.000%, Due 8/15/2040 | 30,000 | 39,076 | ||||||
|
| |||||||
Total Basic Materials | 88,804 | |||||||
|
| |||||||
Communications - 0.65% | ||||||||
Internet - 0.18% | ||||||||
Alibaba Group Holding Ltd., 3.600%, Due 11/28/2024 | 313,000 | 338,990 | ||||||
|
| |||||||
Media - 0.19% | ||||||||
Thomson Reuters Corp., | ||||||||
4.300%, Due 11/23/2023 | 145,000 | 156,186 | ||||||
3.850%, Due 9/29/2024 | 193,000 | 209,178 | ||||||
|
| |||||||
365,364 | ||||||||
|
| |||||||
Telecommunications - 0.28% | ||||||||
America Movil SAB de CV, 6.375%, Due 3/1/2035 | 169,000 | 243,076 | ||||||
Bell Canada, Inc., 4.464%, Due 4/1/2048 | 25,000 | 31,224 | ||||||
Deutsche Telekom International Finance BV, 4.875%, Due 3/6/2042C | 150,000 | 189,758 | ||||||
Rogers Communications, Inc., 3.625%, Due 12/15/2025 | 60,000 | 66,322 | ||||||
|
| |||||||
530,380 | ||||||||
|
| |||||||
Total Communications | 1,234,734 | |||||||
|
| |||||||
Consumer, Non-Cyclical - 0.54% | ||||||||
Agriculture - 0.10% | ||||||||
BAT Capital Corp., 2.259%, Due 3/25/2028 | 105,000 | 105,621 | ||||||
Reynolds American, Inc., 5.700%, Due 8/15/2035 | 65,000 | 80,214 | ||||||
|
| |||||||
185,835 | ||||||||
|
| |||||||
Beverages - 0.44% | ||||||||
Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide, Inc., 4.900%, Due 2/1/2046 | 35,000 | 44,827 | ||||||
Anheuser-Busch InBev Worldwide, Inc., | ||||||||
5.450%, Due 1/23/2039 | 500,000 | 665,534 | ||||||
5.550%, Due 1/23/2049 | 35,000 | 49,118 | ||||||
Coca-Cola Femsa SAB de CV, 2.750%, Due 1/22/2030 | 70,000 | 73,651 | ||||||
|
| |||||||
833,130 | ||||||||
|
| |||||||
Total Consumer, Non-Cyclical | 1,018,965 | |||||||
|
| |||||||
Energy - 0.49% | ||||||||
Oil & Gas - 0.35% | ||||||||
Saudi Arabian Oil Co., 4.375%, Due 4/16/2049C | 500,000 | 585,000 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
FOREIGN CORPORATE OBLIGATIONS - 2.17% (continued) |
| |||||||
Energy - 0.49% (continued) |
| |||||||
Oil & Gas - 0.35% (continued) |
| |||||||
TotalEnergies Capital International SA, 3.127%, Due 5/29/2050 | $ | 70,000 | $ | 73,012 | ||||
|
| |||||||
658,012 | ||||||||
|
| |||||||
Pipelines - 0.14% | ||||||||
TransCanada PipeLines Ltd., | ||||||||
3.750%, Due 10/16/2023 | 145,000 | 154,304 | ||||||
6.100%, Due 6/1/2040 | 82,000 | 114,273 | ||||||
|
| |||||||
268,577 | ||||||||
|
| |||||||
Total Energy | 926,589 | |||||||
|
| |||||||
Financial - 0.26% | ||||||||
Banks - 0.26% | ||||||||
Bank of Montreal, 3.300%, Due 2/5/2024, Series E | 75,000 | 80,255 | ||||||
Mitsubishi UFJ Financial Group, Inc., 2.193%, Due 2/25/2025 | 75,000 | 78,216 | ||||||
Royal Bank of Canada, 2.250%, Due 11/1/2024 | 115,000 | 120,669 | ||||||
Toronto-Dominion Bank, 3.250%, Due 3/11/2024 | 160,000 | 171,096 | ||||||
Westpac Banking Corp., 1.150%, Due 6/3/2026 | 50,000 | 50,485 | ||||||
|
| |||||||
500,721 | ||||||||
|
| |||||||
Total Financial | 500,721 | |||||||
|
| |||||||
Industrial - 0.18% | ||||||||
Aerospace/Defense - 0.18% | ||||||||
BAE Systems Holdings, Inc., 3.800%, Due 10/7/2024C | 313,000 | 340,928 | ||||||
|
| |||||||
Total Foreign Corporate Obligations (Cost $3,549,814) | 4,110,741 | |||||||
|
| |||||||
FOREIGN SOVEREIGN OBLIGATIONS - 0.04% (Cost $70,093) | ||||||||
Mexico Government International Bond, 4.600%, Due 1/23/2046 | 65,000 | 70,460 | ||||||
|
| |||||||
ASSET-BACKED OBLIGATIONS - 0.82% | ||||||||
AmeriCredit Automobile Receivables Trust, | ||||||||
0.370%, Due 8/18/2025, 2021 1 A3 | 85,000 | 85,145 | ||||||
0.340%, Due 12/18/2026, 2021 2 A3 | 70,000 | 69,960 | ||||||
Capital One Multi-Asset Execution Trust, 0.550%, Due 7/15/2026, 2021 A1 | 115,000 | 115,130 | ||||||
CNH Equipment Trust, | ||||||||
1.160%, Due 6/16/2025, 2020 A A3 | 105,000 | 105,945 | ||||||
0.400%, Due 12/15/2025, 2021 A A3 | 95,000 | 95,106 | ||||||
GM Financial Consumer Automobile Receivables Trust, | ||||||||
1.840%, Due 9/16/2024, 2020 1 A3 | 121,321 | 122,586 | ||||||
1.490%, Due 12/16/2024, 2020 2 A3 | 45,000 | 45,538 | ||||||
Mercedes-Benz Auto Lease Trust, 0.400%, Due 11/15/2024, 2021 B A3 | 150,000 | 150,178 | ||||||
PSNH Funding LLC, 3.094%, Due 2/1/2026, 2018 1 A1 | 65,443 | 67,541 | ||||||
Toyota Auto Loan Extended Note Trust, 1.350%, Due 5/25/2033, 2020 1A AC | 135,000 | 138,017 | ||||||
Toyota Auto Receivables Owner Trust, 1.360%, Due 8/15/2024, 2020 B A3 | 145,000 | 146,547 | ||||||
Verizon Master Trust, 0.500%, Due 5/20/2027, 2021 1 A | 200,000 | 200,345 | ||||||
Verizon Owner Trust, 1.850%, Due 7/22/2024, 2020 A A1A | 210,000 | 213,375 | ||||||
|
| |||||||
Total Asset-Backed Obligations (Cost $1,542,379) | 1,555,413 | |||||||
|
| |||||||
COLLATERALIZED MORTGAGE OBLIGATIONS - 0.00% (Cost $5,035) | ||||||||
Freddie Mac REMIC Trust, 3.000%, Due 1/15/2047, 4881 PB | 5,034 | 5,052 | ||||||
|
| |||||||
COMMERCIAL MORTGAGE-BACKED OBLIGATIONS - 0.13% | ||||||||
Cold Storage Trust, 0.993%, Due 11/15/2037, 2020-ICE5 A, (1-mo. USD LIBOR + 0.900%)C D | 113,044 | 113,434 | ||||||
Ginnie Mae REMIC Trust, 1.368%, Due 11/16/2041, 2013-125 AB | 61,030 | 61,074 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
COMMERCIAL MORTGAGE-BACKED OBLIGATIONS - 0.13% (continued) |
| |||||||
JPMBB Commercial Mortgage Securities Trust, 3.157%, Due 7/15/2045, 2013 C12 ASB | $ | 78,569 | $ | 79,450 | ||||
|
| |||||||
Total Commercial Mortgage-Backed Obligations (Cost $253,214) | 253,958 | |||||||
|
| |||||||
U.S. AGENCY MORTGAGE-BACKED OBLIGATIONS - 6.25% | ||||||||
Federal Home Loan Mortgage Corp., | ||||||||
3.500%, Due 9/1/2028 | 22,227 | 23,978 | ||||||
3.000%, Due 11/1/2032 | 75,276 | 80,177 | ||||||
5.000%, Due 8/1/2033 | 25,387 | 28,913 | ||||||
5.500%, Due 2/1/2034 | 24,979 | 28,919 | ||||||
2.500%, Due 6/1/2035 | 99,751 | 104,818 | ||||||
1.500%, Due 3/1/2036 | 158,455 | 161,515 | ||||||
2.000%, Due 3/1/2036 | 278,638 | 289,300 | ||||||
2.000%, Due 10/1/2040 | 102,093 | 104,621 | ||||||
2.000%, Due 1/1/2041 | 233,070 | 239,429 | ||||||
4.000%, Due 1/1/2041 | 73,380 | 80,574 | ||||||
4.500%, Due 2/1/2041 | 50,292 | 55,598 | ||||||
3.500%, Due 6/1/2042 | 218,895 | 237,470 | ||||||
3.000%, Due 4/1/2047 | 218,639 | 236,461 | ||||||
3.500%, Due 1/1/2048 | 240,352 | 258,360 | ||||||
4.000%, Due 4/1/2048 | 112,341 | 121,016 | ||||||
3.000%, Due 8/1/2048 | 164,952 | 176,577 | ||||||
3.000%, Due 11/1/2049 | 344,072 | 362,474 | ||||||
|
| |||||||
2,590,200 | ||||||||
|
| |||||||
Federal National Mortgage Association, | ||||||||
3.500%, Due 1/1/2028 | 21,005 | 22,533 | ||||||
5.000%, Due 3/1/2034 | 27,846 | 31,086 | ||||||
4.500%, Due 4/1/2034 | 49,533 | 54,191 | ||||||
3.000%, Due 10/1/2034 | 7,652 | 8,091 | ||||||
2.000%, Due 11/1/2035 | 220,025 | 229,194 | ||||||
2.000%, Due 12/1/2035 | 83,817 | 87,185 | ||||||
2.000%, Due 1/1/2036 | 151,759 | 157,566 | ||||||
2.000%, Due 5/1/2036 | 73,403 | 76,212 | ||||||
2.000%, Due 6/1/2036 | 103,981 | 107,959 | ||||||
3.500%, Due 6/1/2037 | 136,098 | 146,936 | ||||||
5.500%, Due 6/1/2038 | 5,566 | 6,477 | ||||||
4.500%, Due 1/1/2040 | 53,077 | 59,034 | ||||||
5.000%, Due 5/1/2040 | 89,834 | 102,001 | ||||||
5.000%, Due 6/1/2040 | 67,887 | 76,858 | ||||||
4.000%, Due 9/1/2040 | 44,004 | 48,078 | ||||||
4.000%, Due 1/1/2041 | 97,896 | 107,292 | ||||||
3.000%, Due 6/1/2043 | 412,600 | 441,082 | ||||||
3.500%, Due 7/1/2043 | 84,354 | 91,537 | ||||||
3.000%, Due 8/1/2043 | 373,978 | 399,611 | ||||||
4.000%, Due 11/1/2044 | 59,291 | 65,188 | ||||||
4.000%, Due 7/1/2045 | 255,409 | 280,611 | ||||||
3.500%, Due 8/1/2045 | 50,929 | 54,834 | ||||||
3.500%, Due 11/1/2045 | 454,022 | 488,669 | ||||||
3.500%, Due 5/1/2046 | 62,336 | 66,723 | ||||||
4.000%, Due 7/1/2046 | 91,508 | 99,928 | ||||||
3.000%, Due 10/1/2046 | 33,496 | 35,462 | ||||||
3.000%, Due 11/1/2046 | 190,996 | 204,796 | ||||||
3.000%, Due 12/1/2046 | 125,487 | 134,645 | ||||||
3.500%, Due 3/1/2047 | 46,995 | 50,660 | ||||||
4.500%, Due 7/1/2047 | 35,405 | 38,447 | ||||||
4.500%, Due 8/1/2047 | 50,091 | 54,460 | ||||||
3.500%, Due 9/1/2047 | 58,168 | 62,901 | ||||||
4.000%, Due 3/1/2048 | 79,657 | 85,304 | ||||||
4.500%, Due 4/1/2048 | 29,394 | 31,589 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
U.S. AGENCY MORTGAGE-BACKED OBLIGATIONS - 6.25% (continued) |
| |||||||
Federal National Mortgage Association (continued) | ||||||||
4.500%, Due 7/1/2048 | $ | 153,464 | $ | 166,070 | ||||
4.000%, Due 10/1/2049 | 115,839 | 123,833 | ||||||
4.500%, Due 10/1/2049 | 203,884 | 219,984 | ||||||
4.000%, Due 11/1/2049 | 268,970 | 290,898 | ||||||
2.500%, Due 8/1/2050 | 458,842 | 479,334 | ||||||
3.000%, Due 8/1/2050 | 132,667 | 141,093 | ||||||
2.500%, Due 9/1/2050 | 153,609 | 160,557 | ||||||
2.500%, Due 10/1/2050 | 83,184 | 86,713 | ||||||
3.000%, Due 10/1/2050 | 331,951 | 353,994 | ||||||
2.000%, Due 3/1/2051 | 515,469 | 528,438 | ||||||
2.000%, Due 4/1/2051 | 293,483 | 301,515 | ||||||
3.000%, Due 5/1/2051 | 151,214 | 162,653 | ||||||
3.000%, Due 6/1/2051 | 173,097 | 184,414 | ||||||
3.500%, Due 6/1/2051 | 387,149 | 415,831 | ||||||
|
| |||||||
7,622,467 | ||||||||
|
| |||||||
Government National Mortgage Association, | ||||||||
6.500%, Due 8/15/2027 | 18,479 | 20,660 | ||||||
6.500%, Due 11/15/2027 | 22,125 | 24,735 | ||||||
7.500%, Due 12/15/2028 | 20,377 | 23,215 | ||||||
5.500%, Due 7/15/2033 | 26,050 | 30,390 | ||||||
6.000%, Due 12/15/2033 | 36,000 | 42,812 | ||||||
5.500%, Due 2/20/2034 | 35,719 | 41,872 | ||||||
5.000%, Due 10/15/2039 | 60,835 | 70,416 | ||||||
3.500%, Due 9/15/2041 | 128,908 | 138,418 | ||||||
3.500%, Due 8/20/2047 | 28,884 | 30,636 | ||||||
3.500%, Due 10/20/2047 | 27,096 | 28,853 | ||||||
4.000%, Due 1/20/2048 | 141,963 | 151,148 | ||||||
5.000%, Due 1/20/2050 | 78,149 | 83,952 | ||||||
4.500%, Due 2/20/2050 | 76,989 | 81,852 | ||||||
5.000%, Due 2/20/2050 | 39,779 | 43,001 | ||||||
4.000%, Due 5/20/2051 | 207,274 | 221,235 | ||||||
2.500%, Due 6/20/2051 | 194,378 | 202,067 | ||||||
3.000%, Due 6/20/2051 | 94,634 | 99,486 | ||||||
2.500%, Due 7/20/2051 | 295,000 | 306,756 | ||||||
|
| |||||||
1,641,504 | ||||||||
|
| |||||||
Total U.S. Agency Mortgage-Backed Obligations (Cost $11,491,624) | 11,854,171 | |||||||
|
| |||||||
U.S. TREASURY OBLIGATIONS - 12.69% | ||||||||
U.S. Treasury Notes/Bonds, | ||||||||
2.000%, Due 2/15/2022 | 664,000 | 670,847 | ||||||
1.750%, Due 9/30/2022 | 500,000 | 509,570 | ||||||
1.625%, Due 11/15/2022 | 964,000 | 982,828 | ||||||
2.000%, Due 2/15/2023 | 500,000 | 514,219 | ||||||
2.750%, Due 7/31/2023 | 500,000 | 525,527 | ||||||
2.500%, Due 8/15/2023 | 964,000 | 1,009,074 | ||||||
2.125%, Due 7/31/2024 | 250,000 | 263,203 | ||||||
1.250%, Due 8/31/2024 | 1,335,000 | 1,370,826 | ||||||
1.750%, Due 12/31/2024 | 700,000 | 731,227 | ||||||
1.125%, Due 2/28/2025 | 2,295,000 | 2,347,982 | ||||||
2.875%, Due 7/31/2025 | 500,000 | 546,016 | ||||||
6.875%, Due 8/15/2025 | 279,000 | 349,513 | ||||||
1.625%, Due 10/31/2026 | 500,000 | 522,695 | ||||||
2.000%, Due 11/15/2026 | 500,000 | 532,305 | ||||||
1.750%, Due 12/31/2026 | 650,000 | 684,049 | ||||||
1.500%, Due 1/31/2027 | 2,680,000 | 2,784,269 | ||||||
2.875%, Due 5/15/2028 | 200,000 | 225,094 | ||||||
2.875%, Due 8/15/2028 | 100,000 | 112,742 |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
U.S. TREASURY OBLIGATIONS - 12.69% (continued) |
| |||||||
U.S. Treasury Notes/Bonds (continued) | ||||||||
5.250%, Due 11/15/2028 | $ | 217,000 | $ | 281,922 | ||||
2.625%, Due 2/15/2029 | 450,000 | 500,959 | ||||||
2.375%, Due 5/15/2029 | 450,000 | 493,295 | ||||||
1.625%, Due 8/15/2029 | 350,000 | 364,164 | ||||||
1.750%, Due 11/15/2029 | 1,700,000 | 1,785,598 | ||||||
1.500%, Due 2/15/2030 | 2,745,000 | 2,822,632 | ||||||
4.750%, Due 2/15/2037 | 304,000 | 441,311 | ||||||
4.500%, Due 8/15/2039 | 241,000 | 348,669 | ||||||
2.250%, Due 5/15/2041 | 400,000 | 429,125 | ||||||
2.750%, Due 8/15/2042 | 250,000 | 290,449 | ||||||
2.875%, Due 5/15/2049 | 500,000 | 606,367 | ||||||
1.375%, Due 8/15/2050 | 1,180,000 | 1,036,049 | ||||||
|
| |||||||
24,082,526 | ||||||||
|
| |||||||
Total U.S. Treasury Obligations (Cost $23,286,701) | 24,082,526 | |||||||
|
| |||||||
Shares | ||||||||
SHORT-TERM INVESTMENTS - 4.25% (Cost $8,070,898) | ||||||||
Investment Companies - 4.25% | ||||||||
American Beacon U.S. Government Money Market Select Fund, 0.01%E F | 8,070,898 | 8,070,898 | ||||||
|
| |||||||
TOTAL INVESTMENTS - 100.48% (Cost $153,880,074) | 190,713,726 | |||||||
LIABILITIES, NET OF OTHER ASSETS - (0.48%) | (901,982 | ) | ||||||
|
| |||||||
TOTAL NET ASSETS - 100.00% | $ | 189,811,744 | ||||||
|
|
Percentages are stated as a percent of net assets.
A | Non-income producing security. |
B | All or a portion of this security is on loan, collateralized by either cash and/or U.S. Treasuries, at July 31, 2021. |
C | Security exempt from registration under the Securities Act of 1933. These securities may be resold to qualified institutional buyers pursuant to Rule 144A. At the period end, the value of these securities amounted to $1,730,233 or 0.91% of net assets. The Fund has no right to demand registration of these securities. |
D | Variable, floating, or adjustable rate securities with an interest rate that changes periodically. Rates are periodically reset with rates that are based on a predetermined benchmark such as a widely followed interest rate such as T-bills, LIBOR or PRIME plus a fixed spread. The interest rate disclosed reflects the rate in effect on July 31, 2021. |
E | The Fund is affiliated by having the same investment advisor. |
F | 7-day yield. |
ADR - American Depositary Receipt. |
DAC - Designated Activity Company. |
LIBOR - London Interbank Offered Rate. |
LLC - Limited Liability Company. |
LP - Limited Partnership. |
PLC - Public Limited Company. |
PRIME - A rate, charged by banks, based on the U.S. Federal Funds rate. |
REMIC - Real Estate Mortgage Investment Conduit. SOFR - Secured Overnight Financing Rate. |
See accompanying notes
American Beacon Balanced FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Long Futures Contracts Open on July 31, 2021:
Equity Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Contract Value | Unrealized Appreciation (Depreciation) | |||||||||||||
S&P 500 E-Mini Index | 23 | September 2021 | $ | 4,865,136 | $ | 5,047,925 | $ | 182,789 | ||||||||||
|
|
|
|
|
| |||||||||||||
$ | 4,865,136 | $ | 5,047,925 | $ | 182,789 | |||||||||||||
|
|
|
|
|
|
Index Abbreviations:
| ||||||||||
S&P 500 Index | U.S. Equity Large-Cap Index. |
The Fund’s investments are summarized by level based on the inputs used to determine their values. As of July 31, 2021, the investments were classified as described below:
Balanced Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets |
| |||||||||||||||
Common Stocks | $ | 114,653,514 | $ | — | $ | — | $ | 114,653,514 | ||||||||
Corporate Obligations | — | 26,056,993 | — | 26,056,993 | ||||||||||||
Foreign Corporate Obligations | — | 4,110,741 | — | 4,110,741 | ||||||||||||
Foreign Sovereign Obligations | — | 70,460 | — | 70,460 | ||||||||||||
Asset-Backed Obligations | — | 1,555,413 | — | 1,555,413 | ||||||||||||
Collateralized Mortgage Obligations | — | 5,052 | — | 5,052 | ||||||||||||
Commercial Mortgage-Backed Obligations | — | 253,958 | — | 253,958 | ||||||||||||
U.S. Agency Mortgage-Backed Obligations | — | 11,854,171 | — | 11,854,171 | ||||||||||||
U.S. Treasury Obligations | — | 24,082,526 | — | 24,082,526 | ||||||||||||
Investment Companies | 8,070,898 | — | — | 8,070,898 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities - Assets | $ | 122,724,412 | $ | 67,989,314 | $ | — | $ | 190,713,726 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Financial Derivative Instruments - Assets |
| |||||||||||||||
Futures Contracts | $ | 182,789 | $ | — | $ | — | $ | 182,789 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Financial Derivative Instruments - Assets | $ | 182,789 | $ | — | $ | — | $ | 182,789 | ||||||||
|
|
|
|
|
|
|
|
U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended July 31, 2021, there were no transfers into or out of Level 3.
See accompanying notes
American Beacon Garcia Hamilton Quality Bond FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
CORPORATE OBLIGATIONS - 30.97% | ||||||||
Communications - 1.06% | ||||||||
Media - 1.06% | ||||||||
Walt Disney Co., 7.430%, Due 10/1/2026 | $ | 3,037,000 | $ | 3,981,083 | ||||
|
| |||||||
Financial - 18.48% | ||||||||
Banks - 14.18% | ||||||||
Bank of America Corp., 3.974%, Due 2/7/2030, (3-mo. USD LIBOR + 1.210%)A | 6,113,000 | �� | 6,949,855 | |||||
Citigroup, Inc., 3.980%, Due 3/20/2030, (3-mo. USD LIBOR + 1.338%)A | 6,030,000 | 6,863,204 | ||||||
Goldman Sachs Group, Inc., 4.223%, Due 5/1/2029, (3-mo. USD LIBOR + 1.301%)A | 8,600,000 | 9,883,720 | ||||||
JPMorgan Chase & Co., 2.083%, Due 4/22/2026, (SOFR + 1.850%)A | 7,450,000 | 7,725,948 | ||||||
Morgan Stanley, 0.731%, Due 4/5/2024, (SOFR + 0.616%)A | 11,125,000 | 11,162,769 | ||||||
Wells Fargo & Co., 4.478%, Due 4/4/2031, (SOFR + 4.032%)A | 9,125,000 | 10,872,096 | ||||||
|
| |||||||
53,457,592 | ||||||||
|
| |||||||
Diversified Financial Services - 4.30% | ||||||||
American Express Co., 0.736%, Due 8/1/2022, (3-mo. USD LIBOR + 0.610%)A | 12,120,000 | 12,175,539 | ||||||
American Express Credit Corp., 0.829%, Due 3/3/2022, (3-mo. USD LIBOR + 0.700%)A | 4,029,000 | 4,043,108 | ||||||
|
| |||||||
16,218,647 | ||||||||
|
| |||||||
Total Financial | 69,676,239 | |||||||
|
| |||||||
Industrial - 5.15% | ||||||||
Machinery - Diversified - 2.79% | ||||||||
John Deere Capital Corp., 0.608%, Due 9/8/2022, (3-mo. USD LIBOR + 0.480%)A | 10,478,000 | 10,533,179 | ||||||
|
| |||||||
Transportation - 2.36% | ||||||||
United Parcel Service, Inc., 0.595%, Due 4/1/2023, (3-mo. USD LIBOR + 0.450%)A | 8,849,000 | 8,898,234 | ||||||
|
| |||||||
Total Industrial | 19,431,413 | |||||||
|
| |||||||
Technology - 4.35% | ||||||||
Computers - 2.28% | ||||||||
International Business Machines Corp., 7.000%, Due 10/30/2025 | 6,860,000 | 8,582,544 | ||||||
|
| |||||||
Semiconductors - 2.07% | ||||||||
Intel Corp., 3.400%, Due 3/25/2025 | 7,170,000 | 7,825,115 | ||||||
|
| |||||||
Total Technology | 16,407,659 | |||||||
|
| |||||||
Utilities - 1.93% | ||||||||
Electric - 1.93% | ||||||||
Duke Energy Progress LLC, 0.335%, Due 2/18/2022, Series A, (3-mo. USD LIBOR + 0.180%)A | 7,270,000 | 7,270,132 | ||||||
|
| |||||||
Total Corporate Obligations (Cost $115,912,961) | 116,766,526 | |||||||
|
| |||||||
U.S. AGENCY MORTGAGE-BACKED OBLIGATIONS - 59.64% | ||||||||
Federal Home Loan Mortgage Corp., | ||||||||
4.000%, Due 12/1/2034 | 10,698,565 | 11,391,680 | ||||||
3.000%, Due 2/1/2035 | 13,614,269 | 14,313,073 | ||||||
4.000%, Due 2/1/2039 | 7,677,033 | 8,249,184 | ||||||
4.000%, Due 4/1/2039 | 9,893,096 | 10,633,364 | ||||||
3.500%, Due 8/1/2039 | 8,177,561 | 8,722,561 | ||||||
3.500%, Due 10/1/2039 | 6,715,384 | 7,129,864 | ||||||
3.000%, Due 1/1/2040 | 6,541,599 | 6,867,006 | ||||||
3.500%, Due 8/1/2040 | 5,465,734 | 5,814,984 | ||||||
Federal National Mortgage Association, | ||||||||
3.500%, Due 9/1/2033 | 9,395,336 | 10,041,472 | ||||||
4.000%, Due 2/1/2034B | 9,174,053 | 9,756,330 |
See accompanying notes
American Beacon Garcia Hamilton Quality Bond FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Principal Amount | Fair Value | |||||||
U.S. AGENCY MORTGAGE-BACKED OBLIGATIONS - 59.64% (continued) |
| |||||||
Federal National Mortgage Association (continued) | ||||||||
4.000%, Due 6/1/2034B | $ | 10,185,789 | $ | 10,886,962 | ||||
3.500%, Due 5/1/2035B | 5,968,535 | 6,372,234 | ||||||
3.500%, Due 3/1/2037 | 6,812,051 | 7,346,753 | ||||||
3.500%, Due 4/1/2037 | 4,708,655 | 5,056,464 | ||||||
3.000%, Due 10/1/2037 | 6,059,111 | 6,366,446 | ||||||
3.500%, Due 5/1/2038B | 4,855,031 | 5,179,272 | ||||||
4.000%, Due 5/1/2039 | 5,685,151 | 6,115,418 | ||||||
4.500%, Due 6/1/2039B | 13,659,524 | 14,787,041 | ||||||
4.000%, Due 9/1/2039 | 9,830,967 | 10,561,532 | ||||||
3.500%, Due 10/1/2039 | 8,398,865 | 8,908,971 | ||||||
3.500%, Due 11/1/2039B | 7,237,199 | 7,668,566 | ||||||
3.500%, Due 3/1/2040B | 4,835,382 | 5,139,067 | ||||||
3.500%, Due 4/1/2040B | 8,823,519 | 9,334,078 | ||||||
3.000%, Due 7/1/2040B | 12,010,876 | 12,604,439 | ||||||
4.000%, Due 8/1/2040B | 7,440,233 | 8,001,459 | ||||||
4.000%, Due 6/1/2049B | 7,108,966 | 7,576,971 | ||||||
|
| |||||||
Total U.S. Agency Mortgage-Backed Obligations (Cost $224,422,050) | 224,825,191 | |||||||
|
| |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS - 0.93% (Cost $3,505,000) | ||||||||
Federal Agricultural Mortgage Corp., 0.025%, Due 1/25/2022, (3-mo. USD LIBOR - 0.100%)A | 3,505,000 | 3,504,161 | ||||||
|
| |||||||
SHORT-TERM INVESTMENTS - 7.73% (Cost $29,129,752) | ||||||||
U.S. Treasury Obligations - 7.73% | ||||||||
U.S. Treasury Bill, 0.030%, Due 8/13/2021 | 29,130,000 | 29,129,707 | ||||||
|
| |||||||
TOTAL INVESTMENTS - 99.27% (Cost $372,969,763) | 374,225,585 | |||||||
OTHER ASSETS, NET OF LIABILITIES - 0.73% | 2,742,266 | |||||||
|
| |||||||
TOTAL NET ASSETS - 100.00% | $ | 376,967,851 | ||||||
|
|
Percentages are stated as a percent of net assets.
A | Variable, floating, or adjustable rate securities with an interest rate that changes periodically. Rates are periodically reset with rates that are based on a predetermined benchmark such as a widely followed interest rate such as T-bills, LIBOR or PRIME plus a fixed spread. The interest rate disclosed reflects the rate in effect on July 31, 2021. |
B | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. The coupon rate shown represents the rate at period end. |
LIBOR - London Interbank Offered Rate. |
LLC - Limited Liability Company. |
PRIME - A rate, charged by banks, based on the U.S. Federal Funds rate. |
SOFR - Secured Overnight Financing Rate. |
USD - United States Dollar. |
The Fund’s investments are summarized by level based on the inputs used to determine their values. As of July 31, 2021, the investments were classified as described below:
Garcia Hamilton Quality Bond Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets | ||||||||||||||||
Corporate Obligations | $ | — | $ | 116,766,526 | $ | — | $ | 116,766,526 | ||||||||
U.S. Agency Mortgage-Backed Obligations | — | 224,825,191 | — | 224,825,191 |
See accompanying notes
American Beacon Garcia Hamilton Quality Bond FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
U.S. Government Agency Obligations | — | 3,504,161 | — | 3,504,161 | ||||||||||||
Short-Term Investments | — | 29,129,707 | — | 29,129,707 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities - Assets | $ | — | $ | 374,225,585 | $ | — | $ | 374,225,585 | ||||||||
|
|
|
|
|
|
|
|
U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended July 31, 2021, there were no transfers into or out of Level 3.
See accompanying notes
American Beacon International Equity FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
Canada - 2.51% | ||||||||
Common Stocks - 2.51% | ||||||||
Air CanadaA B | 667,900 | $ | 13,372,990 | |||||
CAE, Inc.B | 269,810 | 8,233,141 | ||||||
Cogeco Communications, Inc.A | 68,988 | 6,532,184 | ||||||
Linamar Corp. | 104,094 | 6,159,201 | ||||||
Suncor Energy, Inc. | 505,699 | 9,955,088 | ||||||
Teck Resources Ltd., Class BA | 574,284 | 13,116,646 | ||||||
|
| |||||||
Total Common Stocks | 57,369,250 | |||||||
|
| |||||||
Total Canada (Cost $55,595,677) | 57,369,250 | |||||||
|
| |||||||
China/Hong Kong - 3.84% | ||||||||
Common Stocks - 3.84% | ||||||||
Alibaba Group Holding Ltd.B C | 744,000 | 18,180,713 | ||||||
ArcelorMittal SAC | 263,815 | 9,214,301 | ||||||
Baidu, Inc., Class AB C | 910,450 | 18,566,726 | ||||||
ESR Cayman Ltd.B C D | 2,888,400 | 10,157,970 | ||||||
Sands China Ltd.B C | 2,321,600 | 7,944,548 | ||||||
Tencent Holdings Ltd.C | 383,400 | 23,660,129 | ||||||
|
| |||||||
Total Common Stocks | 87,724,387 | |||||||
|
| |||||||
Total China/Hong Kong (Cost $93,341,056) | 87,724,387 | |||||||
|
| |||||||
Denmark - 1.40% | ||||||||
Common Stocks - 1.40% | ||||||||
Carlsberg A/S, Class BC | 77,983 | 14,431,547 | ||||||
Vestas Wind Systems A/SC | 474,833 | 17,508,267 | ||||||
|
| |||||||
Total Common Stocks | 31,939,814 | |||||||
|
| |||||||
Total Denmark (Cost $19,798,258) | 31,939,814 | |||||||
|
| |||||||
Finland - 0.74% | ||||||||
Common Stocks - 0.74% | ||||||||
Nordea Bank AbpC | 953,712 | 11,159,671 | ||||||
Sampo OYJ, Class AC | 119,173 | 5,746,454 | ||||||
|
| |||||||
Total Common Stocks | 16,906,125 | |||||||
|
| |||||||
Total Finland (Cost $14,779,757) | 16,906,125 | |||||||
|
| |||||||
France - 15.60% | ||||||||
Common Stocks - 15.60% | ||||||||
Air Liquide SAC | 97,268 | 16,908,876 | ||||||
Airbus SEB C | 114,679 | 15,732,329 | ||||||
Alstom SAB C | 383,134 | 15,899,481 | ||||||
Atos SEC | 189,231 | 9,054,695 | ||||||
AXA SAC | 592,885 | 15,346,525 | ||||||
BNP Paribas SAC | 478,634 | 29,119,468 | ||||||
Capgemini SEC | 64,039 | 13,853,997 | ||||||
Carrefour SAC | 12,304 | 228,693 | ||||||
Danone SAC | 178,977 | 13,174,555 | ||||||
Engie SAC | 1,363,968 | 18,201,565 | ||||||
Pernod Ricard SAC | 42,959 | 9,481,567 | ||||||
Publicis Groupe SAC | 361,535 | 22,817,856 | ||||||
SanofiC | 830,102 | 85,540,399 | ||||||
Societe Generale SAC | 423,395 | 12,404,262 | ||||||
TotalEnergies SEC | 1,057,731 | 46,122,834 | ||||||
ValeoC | 140,346 | 4,057,111 | ||||||
Vinci SAC | 90,607 | 9,580,163 |
See accompanying notes
American Beacon International Equity FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
France - 15.60% (continued) | ||||||||
Common Stocks - 15.60% (continued) | ||||||||
Vivendi SEC | 564,979 | $ | 19,084,197 | |||||
|
| |||||||
Total Common Stocks | 356,608,573 | |||||||
|
| |||||||
Total France (Cost $315,163,602) | 356,608,573 | |||||||
|
| |||||||
Germany - 10.01% | ||||||||
Common Stocks - 9.18% | ||||||||
adidas AGC | 21,621 | 7,854,206 | ||||||
BASF SEC | 208,982 | 16,420,851 | ||||||
Bayer AGC | 139,378 | 8,312,523 | ||||||
Bayerische Motoren Werke AGC | 271,000 | 26,958,465 | ||||||
Continental AGB C | 81,002 | 11,008,976 | ||||||
Daimler AGC | 285,370 | 25,493,190 | ||||||
Infineon Technologies AGC | 372,125 | 14,188,800 | ||||||
Merck KGaAC | 75,937 | 15,557,965 | ||||||
MTU Aero Engines AGC | 62,022 | 15,528,553 | ||||||
ProSiebenSat.1 Media SEC | 604,551 | 11,510,798 | ||||||
RWE AGC | 475,764 | 16,941,003 | ||||||
SAP SEC | 162,405 | 23,293,090 | ||||||
Siemens AGC | 107,229 | 16,741,457 | ||||||
|
| |||||||
Total Common Stocks | 209,809,877 | |||||||
|
| |||||||
Preferred Stocks - 0.83% | ||||||||
Volkswagen AGC E | 78,264 | 19,098,305 | ||||||
|
| |||||||
Total Germany (Cost $172,286,385) | 228,908,182 | |||||||
|
| |||||||
Ireland - 1.02% (Cost $15,314,006) | ||||||||
Common Stocks - 1.02% | ||||||||
Ryanair Holdings PLC, ADRB | 215,055 | 23,449,597 | ||||||
|
| |||||||
Israel - 0.45% (Cost $8,187,458) | ||||||||
Common Stocks - 0.45% | ||||||||
Bank Leumi Le-Israel BMB C | 1,333,711 | 10,197,922 | ||||||
|
| |||||||
Italy - 3.63% | ||||||||
Common Stocks - 3.63% | ||||||||
Enel SpAC | 3,900,760 | 36,018,769 | ||||||
Eni SpAC | 783,084 | 9,249,841 | ||||||
UniCredit SpAC | 3,150,307 | 37,677,738 | ||||||
|
| |||||||
Total Common Stocks | 82,946,348 | |||||||
|
| |||||||
Total Italy (Cost $80,892,904) | 82,946,348 | |||||||
|
| |||||||
Japan - 17.38% | ||||||||
Common Stocks - 17.38% | ||||||||
Alfresa Holdings Corp.C | 725,300 | 11,092,545 | ||||||
Asics Corp.C | 255,900 | 5,673,128 | ||||||
Daiwa House Industry Co. Ltd.C | 475,855 | 14,600,086 | ||||||
Digital Garage, Inc.C | 158,200 | 6,568,882 | ||||||
Dowa Holdings Co. Ltd.C | 139,100 | 5,407,677 | ||||||
FANUC Corp.C | 64,100 | 14,355,963 | ||||||
Fujitsu Ltd.C | 65,184 | 11,073,057 | ||||||
Haseko Corp.C | 1,042,800 | 14,119,169 | ||||||
Hazama Ando Corp.C | 515,900 | 3,924,104 | ||||||
Hitachi Ltd.C | 319,900 | 18,372,064 | ||||||
Makita Corp.C | 278,100 | 14,430,202 | ||||||
Matsumotokiyoshi Holdings Co. Ltd.C | 219,100 | 9,728,808 |
See accompanying notes
American Beacon International Equity FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
Japan - 17.38% (continued) |
| |||||||
Common Stocks - 17.38% (continued) |
| |||||||
Mitsubishi UFJ Financial Group, Inc.C | 6,122,700 | $ | 32,439,654 | |||||
Mizuho Financial Group, Inc.C | 1,285,380 | 18,352,152 | ||||||
Murata Manufacturing Co. Ltd.C | 240,100 | 19,909,480 | ||||||
Nexon Co. Ltd.A C | 370,159 | 7,706,983 | ||||||
Nippon Television Holdings, Inc.C | 125,700 | 1,400,591 | ||||||
Nissan Motor Co. Ltd.A B C | 4,473,300 | 25,893,875 | ||||||
Ryohin Keikaku Co. Ltd.C | 390,500 | 7,980,028 | ||||||
Sompo Holdings, Inc.C | 250,300 | 10,357,542 | ||||||
Sumitomo Mitsui Financial Group, Inc.C | 1,215,100 | 40,958,524 | ||||||
Sumitomo Rubber Industries Ltd.C | 620,300 | 8,343,009 | ||||||
Suzuken Co. Ltd.C | 289,400 | 8,398,745 | ||||||
Suzuki Motor Corp.C | 218,100 | 8,876,333 | ||||||
Taisei Corp.C | 396,700 | 13,421,875 | ||||||
Takeda Pharmaceutical Co. Ltd.C | 1,373,700 | 45,664,274 | ||||||
Toho Holdings Co. Ltd.C | 246,800 | 4,152,804 | ||||||
Yamaha Corp.C | 257,200 | 14,247,038 | ||||||
|
| |||||||
Total Common Stocks | 397,448,592 | |||||||
|
| |||||||
Total Japan (Cost $384,341,518) | 397,448,592 | |||||||
|
| |||||||
Netherlands - 3.63% | ||||||||
Common Stocks - 3.63% | ||||||||
Aegon NVC | 5,139,530 | 21,850,524 | ||||||
Akzo Nobel NVC | 247,219 | 30,571,400 | ||||||
ING Groep NVC | 581,274 | 7,443,519 | ||||||
JDE Peet’s NVC | 169,252 | 5,697,484 | ||||||
Wolters Kluwer NVC | 152,774 | 17,426,324 | ||||||
|
| |||||||
Total Common Stocks | 82,989,251 | |||||||
|
| |||||||
Total Netherlands (Cost $62,378,815) | 82,989,251 | |||||||
|
| |||||||
Norway - 0.93% | ||||||||
Common Stocks - 0.93% | ||||||||
Equinor ASAC | 459,046 | 8,980,271 | ||||||
Telenor ASAC | 713,041 | 12,380,266 | ||||||
|
| |||||||
Total Common Stocks | 21,360,537 | |||||||
|
| |||||||
Total Norway (Cost $19,848,254) | 21,360,537 | |||||||
|
| |||||||
Portugal - 0.28% (Cost $7,421,894) | ||||||||
Common Stocks - 0.28% | ||||||||
Galp Energia SGPS SAC | 667,896 | 6,521,628 | ||||||
|
| |||||||
Republic of Korea - 2.66% | ||||||||
Common Stocks - 2.66% | ||||||||
Hana Financial Group, Inc.C | 90,297 | 3,410,672 | ||||||
Samsung Electronics Co. Ltd.C | 576,958 | 39,454,751 | ||||||
SK Hynix, Inc.C | 182,730 | 17,976,176 | ||||||
|
| |||||||
Total Common Stocks | 60,841,599 | |||||||
|
| |||||||
Total Republic of Korea (Cost $39,652,432) | 60,841,599 | |||||||
|
| |||||||
Singapore - 0.55% (Cost $7,987,375) | ||||||||
Common Stocks - 0.55% | ||||||||
DBS Group Holdings Ltd.C | 561,510 | 12,601,215 | ||||||
|
|
See accompanying notes
American Beacon International Equity FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
South Africa - 0.55% (Cost $11,474,965) | ||||||||
Common Stocks - 0.55% | ||||||||
Anglo American PLCC | 282,654 | $ | 12,521,871 | |||||
|
| |||||||
Spain - 4.35% | ||||||||
Common Stocks - 4.35% | ||||||||
Aena SME SAB C D | 77,530 | 12,347,017 | ||||||
Amadeus IT Group SAB C | 337,924 | 22,122,833 | ||||||
Banco Bilbao Vizcaya Argentaria SAB C | 2,719,607 | 17,443,927 | ||||||
Banco Santander SAB C | 3,188,017 | 11,663,035 | ||||||
CaixaBank SAC | 4,351,131 | 12,935,519 | ||||||
Indra Sistemas SAB C | 468,444 | 4,899,541 | ||||||
Industria de Diseno Textil SAC | 353,455 | 11,992,020 | ||||||
Telefonica SAC | 1,297,583 | 5,952,357 | ||||||
|
| |||||||
Total Common Stocks | 99,356,249 | |||||||
|
| |||||||
Total Spain (Cost $81,374,874) | 99,356,249 | |||||||
|
| |||||||
Sweden - 0.79% | ||||||||
Common Stocks - 0.79% | ||||||||
Sandvik ABC | 604,200 | 15,738,201 | ||||||
Swedbank AB, Class AC | 117,509 | 2,289,530 | ||||||
|
| |||||||
Total Common Stocks | 18,027,731 | |||||||
|
| |||||||
Total Sweden (Cost $15,247,942) | 18,027,731 | |||||||
|
| |||||||
Switzerland - 7.13% | ||||||||
Common Stocks - 7.13% | ||||||||
ABB Ltd.C | 607,361 | 22,204,517 | ||||||
Cie Financiere Richemont SAC | 109,009 | 13,961,700 | ||||||
Credit Suisse Group AGC | 3,652,518 | 36,705,066 | ||||||
Novartis AGC | 589,944 | 54,567,337 | ||||||
Roche Holding AGC | 52,980 | 20,487,489 | ||||||
Zurich Insurance Group AGC | 37,723 | 15,206,446 | ||||||
|
| |||||||
Total Common Stocks | 163,132,555 | |||||||
|
| |||||||
Total Switzerland (Cost $143,922,007) | 163,132,555 | |||||||
|
| |||||||
United Kingdom - 17.77% | ||||||||
Common Stocks - 17.77% | ||||||||
3i Group PLCC | 554,206 | 9,849,875 | ||||||
AstraZeneca PLCC | 129,613 | 14,885,829 | ||||||
AstraZeneca PLC, ADR | 587,868 | 33,649,564 | ||||||
Babcock International Group PLCB C | 2,702,974 | 9,611,953 | ||||||
BAE Systems PLCC | 1,696,296 | 13,576,654 | ||||||
Balfour Beatty PLCC | 783,118 | 3,296,746 | ||||||
Barclays PLCC | 20,956,314 | 50,789,286 | ||||||
BP PLCC | 3,785,580 | 15,177,565 | ||||||
British American Tobacco PLCC | 360,345 | 13,431,750 | ||||||
BT Group PLCB C | 1,173,198 | 2,830,139 | ||||||
Capita PLCB C | 3,108,664 | 1,523,112 | ||||||
Compass Group PLCB C | 240,318 | 5,077,043 | ||||||
GlaxoSmithKline PLCC | 2,162,340 | 42,729,055 | ||||||
Imperial Brands PLCC | 849,784 | 18,204,986 | ||||||
Prudential PLCC | 1,370,060 | 25,752,351 | ||||||
RELX PLCC | 1,236,432 | 36,377,182 | ||||||
Rolls-Royce Holdings PLCB C | 19,353,638 | 26,810,297 | ||||||
Standard Chartered PLCC | 1,148,128 | 6,877,874 | ||||||
Taylor Wimpey PLCC | 4,497,331 | 10,281,835 | ||||||
Tesco PLCA C | 3,688,517 | 11,940,476 |
See accompanying notes
American Beacon International Equity FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
United Kingdom - 17.77% (continued) | ||||||||
Common Stocks - 17.77% (continued) | ||||||||
Unilever PLCC | 527,834 | $ | 30,395,067 | |||||
WH Smith PLCB C | 348,870 | 7,857,624 | ||||||
WPP PLCC | 1,192,498 | 15,438,261 | ||||||
|
| |||||||
Total Common Stocks | 406,364,524 | |||||||
|
| |||||||
Total United Kingdom (Cost $399,078,591) | 406,364,524 | |||||||
|
| |||||||
United States - 1.43% | ||||||||
Common Stocks - 1.43% | ||||||||
Aon PLC, Class A | 69,809 | 18,152,434 | ||||||
BRP, Inc. | 56,711 | 4,751,524 | ||||||
Ferguson PLCC | 69,404 | 9,729,256 | ||||||
|
| |||||||
Total Common Stocks | 32,633,214 | |||||||
|
| |||||||
Total United States (Cost $16,512,457) | 32,633,214 | |||||||
|
| |||||||
SHORT-TERM INVESTMENTS - 2.42% (Cost $55,294,230) | ||||||||
Investment Companies - 2.42% | ||||||||
American Beacon U.S. Government Money Market Select Fund, 0.01%F G | 55,294,230 | 55,294,230 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 0.63% (Cost $14,348,325) | ||||||||
Investment Companies - 0.63% | ||||||||
American Beacon U.S. Government Money Market Select Fund, 0.01%F G | 14,348,325 | 14,348,325 | ||||||
|
| |||||||
TOTAL INVESTMENTS - 99.70% (Cost $2,034,242,782) | 2,279,491,719 | |||||||
OTHER ASSETS, NET OF LIABILITIES - 0.30% | 6,775,545 | |||||||
|
| |||||||
TOTAL NET ASSETS - 100.00% | $ | 2,286,267,264 | ||||||
|
|
Percentages are stated as a percent of net assets.
A | All or a portion of this security is on loan, collateralized by either cash and/or U.S. Treasuries, at July 31, 2021. |
B | Non-income producing security. |
C | Fair valued pursuant to procedures approved by the Board of Trustees. At period end, the value of these securities amounted to $2,072,476,795 or 90.65% of net assets. |
D | Security exempt from registration under the Securities Act of 1933. These securities may be resold to qualified institutional buyers pursuant to Rule 144A. At the period end, the value of these securities amounted to $22,504,987 or 0.98% of net assets. The Fund has no right to demand registration of these securities. |
E | A type of Preferred Stock that has no maturity date. |
F | 7-day yield. |
G | The Fund is affiliated by having the same investment advisor. |
ADR - American Depositary Receipt. |
PLC - Public Limited Company. |
See accompanying notes
American Beacon International Equity FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Long Futures Contracts Open on July 31, 2021:
Equity Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Contract Value | Unrealized Appreciation (Depreciation) | |||||||||||||
MSCI EAFE Index | 587 | September 2021 | $ | 68,550,402 | $ | 68,074,390 | $ | (476,012 | ) | |||||||||
|
|
|
|
|
| |||||||||||||
$ | 68,550,402 | $ | 68,074,390 | $ | (476,012 | ) | ||||||||||||
|
|
|
|
|
|
Index Abbreviations:
| ||||||||||
MSCI EAFE | Morgan Stanley Capital International - Europe, Australasia, and Far East. |
The Fund’s investments are summarized by level based on the inputs used to determine their values. As of July 31, 2021, the investments were classified as described below:
International Equity Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets | ||||||||||||||||
Foreign Common Stocks | ||||||||||||||||
Canada | $ | 57,369,250 | $ | — | $ | — | $ | 57,369,250 | ||||||||
China/Hong Kong | — | 87,724,387 | — | 87,724,387 | ||||||||||||
Denmark | — | 31,939,814 | — | 31,939,814 | ||||||||||||
Finland | — | 16,906,125 | — | 16,906,125 | ||||||||||||
France | — | 356,608,573 | — | 356,608,573 | ||||||||||||
Germany | — | 209,809,877 | — | 209,809,877 | ||||||||||||
Ireland | 23,449,597 | — | — | 23,449,597 | ||||||||||||
Israel | — | 10,197,922 | — | 10,197,922 | ||||||||||||
Italy | — | 82,946,348 | — | 82,946,348 | ||||||||||||
Japan | — | 397,448,592 | — | 397,448,592 | ||||||||||||
Netherlands | — | 82,989,251 | — | 82,989,251 | ||||||||||||
Norway | — | 21,360,537 | — | 21,360,537 | ||||||||||||
Portugal | — | 6,521,628 | — | 6,521,628 | ||||||||||||
Republic of Korea | — | 60,841,599 | — | 60,841,599 | ||||||||||||
Singapore | — | 12,601,215 | — | 12,601,215 | ||||||||||||
South Africa | — | 12,521,871 | — | 12,521,871 | ||||||||||||
Spain | — | 99,356,249 | — | 99,356,249 | ||||||||||||
Sweden | — | 18,027,731 | — | 18,027,731 | ||||||||||||
Switzerland | — | 163,132,555 | — | 163,132,555 | ||||||||||||
United Kingdom | 33,649,564 | 372,714,960 | — | 406,364,524 | ||||||||||||
Foreign Preferred Stocks | ||||||||||||||||
Germany | — | 19,098,305 | — | 19,098,305 | ||||||||||||
Common Stocks | ||||||||||||||||
United States | 22,903,958 | 9,729,256 | — | 32,633,214 | ||||||||||||
Short-Term Investments | 55,294,230 | — | — | 55,294,230 | ||||||||||||
Securities Lending Collateral | 14,348,325 | — | — | 14,348,325 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities - Assets | $ | 207,014,924 | $ | 2,072,476,795 | $ | — | $ | 2,279,491,719 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Financial Derivative Instruments - Liabilities | ||||||||||||||||
Futures Contracts | $ | (476,012 | ) | $ | — | $ | — | $ | (476,012 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Financial Derivative Instruments - Liabilities | $ | (476,012 | ) | $ | — | $ | — | $ | (476,012 | ) | ||||||
|
|
|
|
|
|
|
|
U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended July 31, 2021, there were no transfers into or out of Level 3.
See accompanying notes
American Beacon Large Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS 97.86% | ||||||||
Communication Services - 6.24% | ||||||||
Diversified Telecommunication Services - 0.07% | ||||||||
Verizon Communications, Inc. | 48,349 | $ | 2,696,907 | |||||
|
| |||||||
Interactive Media & Services - 0.78% | ||||||||
Alphabet, Inc., Class AA | 11,900 | 32,064,907 | ||||||
|
| |||||||
Media - 4.60% | ||||||||
Altice USA, Inc., Class AA | 909,324 | 27,943,527 | ||||||
Comcast Corp., Class A | 1,720,963 | 101,244,253 | ||||||
Discovery, Inc., Class CA | 1,013,100 | 27,465,141 | ||||||
Interpublic Group of Cos., Inc. | 211,400 | 7,475,104 | ||||||
News Corp., Class A | 791,500 | 19,494,645 | ||||||
Omnicom Group, Inc. | 84,878 | 6,180,816 | ||||||
|
| |||||||
189,803,486 | ||||||||
|
| |||||||
Wireless Telecommunication Services - 0.79% | ||||||||
T-Mobile US Inc.A | 96,312 | 13,870,854 | ||||||
Vodafone Group PLC, ADRB | 1,136,750 | 18,563,128 | ||||||
|
| |||||||
32,433,982 | ||||||||
|
| |||||||
Total Communication Services | 256,999,282 | |||||||
|
| |||||||
Consumer Discretionary - 7.09% | ||||||||
Auto Components - 0.97% | ||||||||
Adient PLCA | 117,998 | 4,971,256 | ||||||
Goodyear Tire & Rubber Co.A | 361,200 | 5,674,452 | ||||||
Magna International, Inc.B | 349,900 | 29,332,117 | ||||||
|
| |||||||
39,977,825 | ||||||||
|
| |||||||
Automobiles - 1.03% | ||||||||
General Motors Co.A | 645,132 | 36,669,303 | ||||||
Harley-Davidson, Inc. | 147,912 | 5,860,273 | ||||||
|
| |||||||
42,529,576 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 1.28% | ||||||||
Aramark | 448,148 | 15,743,439 | ||||||
Booking Holdings, Inc.A | 5,000 | 10,891,300 | ||||||
Las Vegas Sands Corp.A | 494,304 | 20,933,774 | ||||||
Marriott International, Inc., Class AA | 33,825 | 4,937,774 | ||||||
|
| |||||||
52,506,287 | ||||||||
|
| |||||||
Household Durables - 0.37% | ||||||||
Lennar Corp., Class A | 143,208 | 15,058,321 | ||||||
|
| |||||||
Multiline Retail - 1.09% | ||||||||
Dollar General Corp. | 193,388 | 44,989,785 | ||||||
|
| |||||||
Specialty Retail - 1.71% | ||||||||
Advance Auto Parts, Inc. | 173,207 | 36,730,276 | ||||||
Lowe’s Cos., Inc. | 175,256 | 33,770,079 | ||||||
|
| |||||||
70,500,355 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.64% | ||||||||
Ralph Lauren Corp. | 233,587 | 26,516,796 | ||||||
|
| |||||||
Total Consumer Discretionary | 292,078,945 | |||||||
|
| |||||||
Consumer Staples - 4.32% | ||||||||
Beverages - 1.85% | ||||||||
Coca-Cola European Partners PLC | 705,469 | 43,781,406 |
See accompanying notes
American Beacon Large Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.86% (continued) | ||||||||
Consumer Staples - 4.32% (continued) |
| |||||||
Beverages - 1.85% (continued) |
| |||||||
Diageo PLC, ADRB | 109,122 | $ | 21,629,071 | |||||
PepsiCo, Inc. | 68,124 | 10,692,062 | ||||||
|
| |||||||
76,102,539 | ||||||||
|
| |||||||
Food Products - 1.03% | ||||||||
Archer-Daniels-Midland Co. | 79,469 | 4,745,889 | ||||||
JM Smucker Co. | 27,061 | 3,547,968 | ||||||
Mondelez International, Inc., Class A | 199,200 | 12,601,392 | ||||||
Nestle SA, ADR | 171,624 | 21,737,981 | ||||||
|
| |||||||
42,633,230 | ||||||||
|
| |||||||
Household Products - 0.70% | ||||||||
Colgate-Palmolive Co. | 128,990 | 10,254,705 | ||||||
Kimberly-Clark Corp. | 85,697 | 11,630,797 | ||||||
Reckitt Benckiser Group PLC, ADRB | 459,464 | 7,123,530 | ||||||
|
| |||||||
29,009,032 | ||||||||
|
| |||||||
Personal Products - 0.57% | ||||||||
Unilever PLC, ADR | 407,300 | 23,431,969 | ||||||
|
| |||||||
Tobacco - 0.17% | ||||||||
Philip Morris International, Inc. | 67,923 | 6,798,413 | ||||||
|
| |||||||
Total Consumer Staples | 177,975,183 | |||||||
|
| |||||||
Energy - 6.87% | ||||||||
Energy Equipment & Services - 1.04% | ||||||||
Baker Hughes Co. | 320,000 | 6,796,800 | ||||||
Halliburton Co. | 708,800 | 14,657,984 | ||||||
NOV, Inc.A | 949,900 | 13,118,119 | ||||||
Schlumberger NV | 289,400 | 8,343,402 | ||||||
|
| |||||||
42,916,305 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 5.83% | ||||||||
APA Corp. | 1,242,400 | 23,295,000 | ||||||
Chevron Corp. | 66,338 | 6,753,872 | ||||||
ConocoPhillips | 189,816 | 10,641,085 | ||||||
EOG Resources, Inc. | 95,382 | 6,949,532 | ||||||
Hess Corp. | 802,589 | 61,349,903 | ||||||
Marathon Oil Corp. | 2,635,586 | 30,546,442 | ||||||
Marathon Petroleum Corp. | 175,880 | 9,712,093 | ||||||
Murphy Oil Corp. | 164,570 | 3,572,815 | ||||||
Phillips 66 | 541,430 | 39,757,205 | ||||||
Pioneer Natural Resources Co. | 160,927 | 23,393,958 | ||||||
Royal Dutch Shell PLC, Class A ADR | 600,022 | 24,372,894 | ||||||
|
| |||||||
240,344,799 | ||||||||
|
| |||||||
Total Energy | 283,261,104 | |||||||
|
| |||||||
Financials - 25.97% | ||||||||
Banks - 10.43% | ||||||||
Bank of America Corp. | 581,262 | 22,297,210 | ||||||
CIT Group, Inc. | 196,900 | 9,498,456 | ||||||
Citigroup, Inc. | 1,588,899 | 107,441,351 | ||||||
Citizens Financial Group, Inc. | 238,053 | 10,036,315 | ||||||
JPMorgan Chase & Co. | 609,079 | 92,446,011 | ||||||
PNC Financial Services Group, Inc. | 91,669 | 16,721,342 | ||||||
Truist Financial Corp. | 188,710 | 10,271,485 | ||||||
US Bancorp | 932,352 | 51,782,830 |
See accompanying notes
American Beacon Large Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.86% (continued) |
| |||||||
Financials - 25.97% (continued) |
| |||||||
Banks - 10.43% (continued) |
| |||||||
Wells Fargo & Co. | 2,382,383 | $ | 109,446,675 | |||||
|
| |||||||
429,941,675 | ||||||||
|
| |||||||
Capital Markets - 5.79% | ||||||||
Bank of New York Mellon Corp. | 437,600 | 22,462,008 | ||||||
BlackRock, Inc. | 22,442 | 19,461,029 | ||||||
Credit Suisse Group AG, ADRA | 1,292,700 | 12,991,635 | ||||||
Goldman Sachs Group, Inc. | 214,226 | 80,309,043 | ||||||
Moody’s Corp. | 22,357 | 8,406,232 | ||||||
Morgan Stanley | 261,687 | 25,116,718 | ||||||
Nasdaq, Inc. | 128,825 | 24,055,492 | ||||||
Northern Trust Corp. | 232,906 | 26,283,442 | ||||||
State Street Corp. | 163,580 | 14,254,361 | ||||||
T Rowe Price Group, Inc. | 25,583 | 5,223,026 | ||||||
|
| |||||||
238,562,986 | ||||||||
|
| |||||||
Consumer Finance - 2.19% | ||||||||
American Express Co. | 305,718 | 52,134,090 | ||||||
Navient Corp. | 890,425 | 18,191,383 | ||||||
SLM Corp. | 1,071,902 | 20,183,915 | ||||||
|
| |||||||
90,509,388 | ||||||||
|
| |||||||
Diversified Financial Services - 0.65% | ||||||||
Berkshire Hathaway, Inc., Class BA | 73,000 | 20,315,170 | ||||||
Equitable Holdings, Inc. | 205,000 | 6,328,350 | ||||||
|
| |||||||
26,643,520 | ||||||||
|
| |||||||
Insurance - 6.91% | ||||||||
American International Group, Inc. | 1,983,859 | 93,935,724 | ||||||
Aon PLC, Class A | 129,439 | 33,658,023 | ||||||
Chubb Ltd. | 238,458 | 40,237,403 | ||||||
Hartford Financial Services Group, Inc. | 248,700 | 15,822,294 | ||||||
Marsh & McLennan Cos., Inc. | 190,571 | 28,055,862 | ||||||
Progressive Corp. | 217,724 | 20,718,616 | ||||||
Travelers Cos., Inc. | 244,587 | 36,423,896 | ||||||
Willis Towers Watson PLC | 77,098 | 15,888,356 | ||||||
|
| |||||||
284,740,174 | ||||||||
|
| |||||||
Total Financials | 1,070,397,743 | |||||||
|
| |||||||
Health Care - 14.25% | ||||||||
Health Care Equipment & Supplies - 3.50% | ||||||||
Abbott Laboratories | 182,866 | 22,123,129 | ||||||
Boston Scientific Corp.A | 473,697 | 21,600,583 | ||||||
Danaher Corp. | 81,320 | 24,191,887 | ||||||
Medtronic PLC | 515,658 | 67,711,052 | ||||||
Zimmer Biomet Holdings, Inc. | 52,867 | 8,639,525 | ||||||
|
| |||||||
144,266,176 | ||||||||
|
| |||||||
Health Care Providers & Services - 5.96% | ||||||||
Anthem, Inc. | 214,269 | 82,281,439 | ||||||
Centene Corp.A | 248,500 | 17,049,585 | ||||||
Cigna Corp. | 130,028 | 29,840,126 | ||||||
CVS Health Corp. | 484,805 | 39,928,540 | ||||||
HCA Healthcare, Inc. | 34,000 | 8,438,800 | ||||||
Humana, Inc. | 23,900 | 10,178,054 | ||||||
McKesson Corp. | 63,079 | 12,857,392 |
See accompanying notes
American Beacon Large Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.86% (continued) |
| |||||||
Health Care - 14.25% (continued) |
| |||||||
Health Care Providers & Services - 5.96% (continued) |
| |||||||
UnitedHealth Group, Inc. | 109,187 | $ | 45,009,065 | |||||
|
| |||||||
245,583,001 | ||||||||
|
| |||||||
Life Sciences Tools & Services - 0.64% | ||||||||
Thermo Fisher Scientific, Inc. | 48,787 | 26,345,468 | ||||||
|
| |||||||
Pharmaceuticals - 4.15% | ||||||||
Bristol-Myers Squibb Co. | 135,700 | 9,209,959 | ||||||
GlaxoSmithKline PLC, ADRB | 473,634 | 19,011,669 | ||||||
Johnson & Johnson | 283,222 | 48,770,828 | ||||||
Merck & Co., Inc. | 700,511 | 53,848,280 | ||||||
Organon & Co.A | 22,211 | 644,341 | ||||||
Pfizer, Inc. | 519,485 | 22,239,153 | ||||||
Roche Holding AG, ADR | 124,631 | 6,014,692 | ||||||
Sanofi, ADR | 223,364 | 11,516,648 | ||||||
|
| |||||||
171,255,570 | ||||||||
|
| |||||||
Total Health Care | 587,450,215 | |||||||
|
| |||||||
Industrials - 15.03% | ||||||||
Aerospace & Defense - 3.15% | ||||||||
General Dynamics Corp. | 160,395 | 31,442,232 | ||||||
Lockheed Martin Corp. | 30,787 | 11,442,604 | ||||||
Northrop Grumman Corp. | 73,700 | 26,754,574 | ||||||
Raytheon Technologies Corp. | 690,838 | 60,068,364 | ||||||
|
| |||||||
129,707,774 | ||||||||
|
| |||||||
Air Freight & Logistics - 0.54% | ||||||||
FedEx Corp. | 79,800 | 22,340,010 | ||||||
|
| |||||||
Building Products - 1.20% | ||||||||
Johnson Controls International PLC | 293,771 | 20,981,125 | ||||||
Masco Corp. | 175,998 | 10,508,841 | ||||||
Trane Technologies PLC | 87,091 | 17,732,598 | ||||||
|
| |||||||
49,222,564 | ||||||||
|
| |||||||
Construction & Engineering - 1.23% | ||||||||
AECOMA | 549,271 | 34,582,102 | ||||||
Fluor Corp.A | 182,300 | 3,037,118 | ||||||
Quanta Services, Inc. | 143,961 | 13,086,055 | ||||||
|
| |||||||
50,705,275 | ||||||||
|
| |||||||
Electrical Equipment - 0.88% | ||||||||
Eaton Corp. PLC | 141,273 | 22,328,198 | ||||||
Emerson Electric Co. | 137,729 | 13,895,479 | ||||||
|
| |||||||
36,223,677 | ||||||||
|
| |||||||
Industrial Conglomerates - 2.39% | ||||||||
General Electric Co. | 4,789,300 | 62,021,435 | ||||||
Honeywell International, Inc. | 156,044 | 36,481,527 | ||||||
|
| |||||||
98,502,962 | ||||||||
|
| |||||||
Machinery - 3.94% | ||||||||
CNH Industrial NV | 1,685,839 | 28,389,529 | ||||||
Cummins, Inc. | 79,397 | 18,428,044 | ||||||
Deere & Co. | 67,648 | 24,460,840 | ||||||
Illinois Tool Works, Inc. | 100,853 | 22,860,350 | ||||||
Otis Worldwide Corp. | 55,101 | 4,934,295 | ||||||
PACCAR, Inc. | 153,051 | 12,701,702 |
See accompanying notes
American Beacon Large Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.86% (continued) |
| |||||||
Industrials - 15.03% (continued) |
| |||||||
Machinery - 3.94% (continued) |
| |||||||
Stanley Black & Decker, Inc. | 257,684 | $ | 50,776,632 | |||||
|
| |||||||
162,551,392 | ||||||||
|
| |||||||
Professional Services - 0.45% | ||||||||
Equifax, Inc. | 71,504 | 18,633,942 | ||||||
|
| |||||||
Road & Rail - 1.25% | ||||||||
Canadian National Railway Co. | 67,688 | 7,352,948 | ||||||
JB Hunt Transport Services, Inc. | 149,383 | 25,163,566 | ||||||
Union Pacific Corp. | 87,140 | 19,062,746 | ||||||
|
| |||||||
51,579,260 | ||||||||
|
| |||||||
Total Industrials | 619,466,856 | |||||||
|
| |||||||
Information Technology - 10.20% | ||||||||
Communications Equipment - 0.95% | ||||||||
F5 Networks, Inc.A | 126,300 | 26,082,213 | ||||||
Telefonaktiebolaget LM Ericsson, ADRB | 1,123,820 | 12,957,645 | ||||||
|
| |||||||
39,039,858 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 0.96% | ||||||||
Corning, Inc. | 487,140 | 20,391,680 | ||||||
TE Connectivity Ltd. | 131,100 | 19,333,317 | ||||||
|
| |||||||
39,724,997 | ||||||||
|
| |||||||
IT Services - 2.44% | ||||||||
Accenture PLC, Class A | 118,831 | 37,750,232 | ||||||
Cognizant Technology Solutions Corp., Class A | 478,395 | 35,176,384 | ||||||
Fidelity National Information Services, Inc. | 104,213 | 15,532,948 | ||||||
Fiserv, Inc.A | 106,052 | 12,207,646 | ||||||
|
| |||||||
100,667,210 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 3.57% | ||||||||
Analog Devices, Inc. | 60,253 | 10,087,557 | ||||||
Broadcom, Inc. | 75,388 | 36,593,335 | ||||||
Intel Corp. | 210,333 | 11,299,089 | ||||||
NXP Semiconductors NV | 57,281 | 11,822,225 | ||||||
QUALCOMM, Inc. | 142,236 | 21,306,953 | ||||||
Texas Instruments, Inc. | 293,648 | 55,975,182 | ||||||
|
| |||||||
147,084,341 | ||||||||
|
| |||||||
Software - 1.90% | ||||||||
Microsoft Corp. | 119,908 | 34,162,989 | ||||||
Oracle Corp. | 507,759 | 44,246,119 | ||||||
|
| |||||||
78,409,108 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 0.38% | ||||||||
Hewlett Packard Enterprise Co. | 1,081,444 | 15,680,938 | ||||||
|
| |||||||
Total Information Technology | 420,606,452 | |||||||
|
| |||||||
Materials - 3.25% | ||||||||
Chemicals - 3.09% | ||||||||
Corteva, Inc. | 600,862 | 25,704,876 | ||||||
DuPont de Nemours, Inc. | 143,783 | 10,790,914 | ||||||
International Flavors & Fragrances, Inc. | 335,907 | 50,601,031 | ||||||
PPG Industries, Inc. | 144,189 | 23,577,785 |
See accompanying notes
American Beacon Large Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.86% (continued) |
| |||||||
Materials - 3.25% (continued) |
| |||||||
Chemicals - 3.09% (continued) |
| |||||||
Sherwin-Williams Co. | 58,024 | $ | 16,886,725 | |||||
|
| |||||||
127,561,331 | ||||||||
|
| |||||||
Containers & Packaging - 0.16% | ||||||||
International Paper Co. | 112,286 | 6,485,639 | ||||||
|
| |||||||
Total Materials | 134,046,970 | |||||||
|
| |||||||
Real Estate - 1.13% | ||||||||
Equity Real Estate Investment Trusts (REITs) - 1.13% | ||||||||
MGM Growth Properties LLC, Class A | 1,089,722 | 41,191,492 | ||||||
Public Storage | 17,301 | 5,406,216 | ||||||
|
| |||||||
46,597,708 | ||||||||
|
| |||||||
Total Real Estate | 46,597,708 | |||||||
|
| |||||||
Utilities - 3.51% | ||||||||
Electric Utilities - 3.05% | ||||||||
American Electric Power Co., Inc. | 111,921 | 9,862,478 | ||||||
Duke Energy Corp. | 274,917 | 28,896,526 | ||||||
Exelon Corp. | 373,132 | 17,462,578 | ||||||
PPL Corp. | 1,198,754 | 34,008,651 | ||||||
Southern Co. | 452,203 | 28,882,206 | ||||||
Xcel Energy, Inc. | 95,526 | 6,519,649 | ||||||
|
| |||||||
125,632,088 | ||||||||
|
| |||||||
Multi-Utilities - 0.46% | ||||||||
Dominion Energy, Inc. | 253,722 | 18,996,166 | ||||||
|
| |||||||
Total Utilities | 144,628,254 | |||||||
|
| |||||||
Total Common Stocks (Cost $2,619,196,712) | 4,033,508,712 | |||||||
|
| |||||||
SHORT-TERM INVESTMENTS - 1.77% (Cost $73,153,220) | ||||||||
Investment Companies - 1.77% | ||||||||
American Beacon U.S. Government Money Market Select Fund, 0.01%C D | 73,153,220 | 73,153,220 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 0.02% (Cost $660,640) | ||||||||
Investment Companies - 0.02% | ||||||||
American Beacon U.S. Government Money Market Select Fund, 0.01%C D | 660,640 | 660,640 | ||||||
|
| |||||||
TOTAL INVESTMENTS - 99.65% (Cost $2,693,010,572) | 4,107,322,572 | |||||||
OTHER ASSETS, NET OF LIABILITIES - 0.35% | 14,403,615 | |||||||
|
| |||||||
TOTAL NET ASSETS - 100.00% | $ | 4,121,726,187 | ||||||
|
|
Percentages are stated as a percent of net assets.
A | Non-income producing security. |
B | All or a portion of this security is on loan, collateralized by either cash and/or U.S. Treasuries, at July 31, 2021. |
C | The Fund is affiliated by having the same investment advisor. |
D | 7-day yield. |
ADR - American Depositary Receipt.
LLC - Limited Liability Company.
PLC - Public Limited Company.
See accompanying notes
American Beacon Large Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Long Futures Contracts Open on July 31, 2021:
Equity Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Contract Value | Unrealized Appreciation (Depreciation) | |||||||||||
S&P 500 E-Mini Index | 334 | September 2021 | $ | 72,583,423 | $ | 73,304,650 | $ | 721,227 | ||||||||
|
|
|
|
|
| |||||||||||
$ | 72,583,423 | $ | 73,304,650 | $ | 721,227 | |||||||||||
|
|
|
|
|
|
Index Abbreviations:
S&P 500 | U.S. Equity Large-Cap Index. |
The Fund’s investments are summarized by level based on the inputs used to determine their values. As of July 31, 2021, the investments were classified as described below:
Large Cap Value Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets |
| |||||||||||||||
Common Stocks | $ | 4,033,508,712 | $ | — | $ | — | $ | 4,033,508,712 | ||||||||
Short-Term Investments | 73,153,220 | — | — | 73,153,220 | ||||||||||||
Securities Lending Collateral | 660,640 | — | — | 660,640 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities - Assets | $ | 4,107,322,572 | $ | — | $ | — | $ | 4,107,322,572 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Financial Derivative Instruments - Assets |
| |||||||||||||||
Futures Contracts | $ | 721,227 | $ | — | $ | — | $ | 721,227 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Financial Derivative Instruments - Assets | $ | 721,227 | $ | — | $ | — | $ | 721,227 | ||||||||
|
|
|
|
|
|
|
|
U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended July 31, 2021, there were no transfers into or out of Level 3.
See accompanying notes
American Beacon Mid-Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.92% | ||||||||
Communication Services - 2.13% | ||||||||
Entertainment - 0.49% | ||||||||
Cinemark Holdings, Inc.A B | 65,819 | $ | 1,022,169 | |||||
|
| |||||||
Media - 1.64% | ||||||||
Altice USA, Inc., Class AB | 61,137 | 1,878,740 | ||||||
Liberty Broadband Corp., Class CB | 8,574 | 1,521,799 | ||||||
|
| |||||||
3,400,539 | ||||||||
|
| |||||||
Total Communication Services | 4,422,708 | |||||||
|
| |||||||
Consumer Discretionary - 16.01% | ||||||||
Auto Components - 2.21% | ||||||||
Dana, Inc. | 90,340 | 2,182,614 | ||||||
Lear Corp. | 13,769 | 2,409,300 | ||||||
|
| |||||||
4,591,914 | ||||||||
|
| |||||||
Automobiles - 0.81% | ||||||||
Ford Motor Co.B | 119,959 | 1,673,428 | ||||||
|
| |||||||
Diversified Consumer Services - 0.75% | ||||||||
Adtalem Global Education, Inc.B | 43,093 | 1,566,000 | ||||||
|
| |||||||
Hotels, Restaurants & Leisure - 4.29% | ||||||||
Aramark | 26,090 | 916,542 | ||||||
Marriott Vacations Worldwide Corp.B | 13,808 | 2,034,885 | ||||||
MGM Resorts International | 26,142 | 981,109 | ||||||
SeaWorld Entertainment, Inc.B | 39,461 | 1,870,846 | ||||||
Travel + Leisure Co. | 34,144 | 1,768,659 | ||||||
Wyndham Hotels & Resorts, Inc. | 18,755 | 1,351,485 | ||||||
|
| |||||||
8,923,526 | ||||||||
|
| |||||||
Household Durables - 1.97% | ||||||||
Lennar Corp., Class A | 7,178 | 754,767 | ||||||
Mohawk Industries, Inc.B | 7,291 | 1,421,016 | ||||||
Newell Brands, Inc. | 77,746 | 1,924,213 | ||||||
|
| |||||||
4,099,996 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail - 0.85% | ||||||||
Qurate Retail, Inc., Series A | 148,977 | 1,766,867 | ||||||
|
| |||||||
Specialty Retail - 1.82% | ||||||||
Advance Auto Parts, Inc. | 8,073 | 1,711,960 | ||||||
CarMax, Inc.B | 8,708 | 1,166,437 | ||||||
Gap, Inc. | 31,261 | 911,883 | ||||||
|
| |||||||
3,790,280 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 3.31% | ||||||||
Gildan Activewear, Inc. | 59,874 | 2,065,054 | ||||||
PVH Corp.B | 15,196 | 1,589,806 | ||||||
Ralph Lauren Corp. | 12,744 | 1,446,699 | ||||||
Skechers USA, Inc., Class AB | 33,010 | 1,771,977 | ||||||
|
| |||||||
6,873,536 | ||||||||
|
| |||||||
Total Consumer Discretionary | 33,285,547 | |||||||
|
| |||||||
Consumer Staples - 1.82% | ||||||||
Beverages - 0.85% | ||||||||
Coca-Cola European Partners PLC | 28,656 | 1,778,391 | ||||||
|
|
See accompanying notes
American Beacon Mid-Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.92% (continued) | ||||||||
Consumer Staples - 1.82% (continued) |
| |||||||
Food & Staples Retailing - 0.97% | ||||||||
US Foods Holding Corp.B | 58,508 | $ | 2,009,165 | |||||
|
| |||||||
Total Consumer Staples | 3,787,556 | |||||||
|
| |||||||
Energy - 6.34% | ||||||||
Energy Equipment & Services - 2.74% | ||||||||
Baker Hughes Co. | 81,387 | 1,728,660 | ||||||
Halliburton Co. | 104,301 | 2,156,945 | ||||||
NOV, Inc.B | 91,557 | 1,264,402 | ||||||
TechnipFMC PLCB | 76,588 | 552,965 | ||||||
|
| |||||||
5,702,972 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 3.60% | ||||||||
APA Corp. | 67,795 | 1,271,156 | ||||||
Cenovus Energy, Inc. | 71,928 | 599,879 | ||||||
Cheniere Energy, Inc.B | 13,547 | 1,150,547 | ||||||
EQT Corp.B | 29,468 | 541,917 | ||||||
Hess Corp. | 24,540 | 1,875,838 | ||||||
Pioneer Natural Resources Co. | 14,062 | 2,044,193 | ||||||
|
| |||||||
7,483,530 | ||||||||
|
| |||||||
Total Energy | 13,186,502 | |||||||
|
| |||||||
Financials - 25.57% | ||||||||
Banks - 4.13% | ||||||||
Fifth Third Bancorp | 57,321 | 2,080,179 | ||||||
KeyCorp | 96,907 | 1,905,192 | ||||||
Pinnacle Financial Partners, Inc. | 7,760 | 695,373 | ||||||
Regions Financial Corp. | 99,159 | 1,908,811 | ||||||
Signature Bank | 8,817 | 2,001,194 | ||||||
|
| |||||||
8,590,749 | ||||||||
|
| |||||||
Capital Markets - 2.94% | ||||||||
Evercore, Inc., Class A | 5,062 | 669,196 | ||||||
Invesco Ltd. | 59,153 | 1,442,150 | ||||||
Jefferies Financial Group, Inc. | 62,214 | 2,064,883 | ||||||
Northern Trust Corp. | 17,197 | 1,940,682 | ||||||
|
| |||||||
6,116,911 | ||||||||
|
| |||||||
Consumer Finance - 6.30% | ||||||||
Ally Financial, Inc. | 52,507 | 2,696,759 | ||||||
Discover Financial Services | 19,409 | 2,412,927 | ||||||
Navient Corp. | 48,725 | 995,452 | ||||||
OneMain Holdings, Inc. | 23,955 | 1,461,255 | ||||||
PROG Holdings, Inc. | 76,063 | 3,329,277 | ||||||
SLM Corp. | 117,391 | 2,210,473 | ||||||
|
| |||||||
13,106,143 | ||||||||
|
| |||||||
Diversified Financial Services - 2.22% | ||||||||
Equitable Holdings, Inc. | 82,290 | 2,540,292 | ||||||
Voya Financial, Inc. | 32,139 | 2,069,752 | ||||||
|
| |||||||
4,610,044 | ||||||||
|
| |||||||
Insurance - 9.98% | ||||||||
American Financial Group, Inc. | 8,161 | 1,032,285 | ||||||
American International Group, Inc. | 71,261 | 3,374,208 | ||||||
Arch Capital Group Ltd.B | 35,687 | 1,391,793 | ||||||
Assurant, Inc. | 8,875 | 1,400,564 | ||||||
Axis Capital Holdings Ltd. | 97,822 | 4,976,205 | ||||||
CNO Financial Group, Inc. | 85,013 | 1,941,697 |
See accompanying notes
American Beacon Mid-Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.92% (continued) | ||||||||
Financials - 25.57% (continued) |
| |||||||
Insurance - 9.98% (continued) |
| |||||||
Fidelity National Financial, Inc. | 64,663 | $ | 2,884,616 | |||||
Markel Corp.B | 850 | 1,025,245 | ||||||
Reinsurance Group of America, Inc. | 14,746 | 1,624,714 | ||||||
Willis Towers Watson PLC | 5,362 | 1,105,001 | ||||||
|
| |||||||
20,756,328 | ||||||||
|
| |||||||
Total Financials | 53,180,175 | |||||||
|
| |||||||
Health Care - 6.33% | ||||||||
Health Care Equipment & Supplies - 2.86% | ||||||||
Envista Holdings Corp.B | 24,693 | 1,063,774 | ||||||
Hologic, Inc.B | 19,091 | 1,432,589 | ||||||
LivaNova PLCB | 18,856 | 1,627,273 | ||||||
Zimmer Biomet Holdings, Inc. | 11,187 | 1,828,179 | ||||||
|
| |||||||
5,951,815 | ||||||||
|
| |||||||
Health Care Providers & Services - 3.39% | ||||||||
Cardinal Health, Inc. | 22,158 | 1,315,742 | ||||||
Encompass Health Corp. | 18,176 | 1,513,152 | ||||||
Fresenius Medical Care AG & Co. KGaA, ADR | 5,877 | 231,084 | ||||||
McKesson Corp. | 8,669 | 1,767,002 | ||||||
Universal Health Services, Inc., Class B | 13,826 | 2,217,829 | ||||||
|
| |||||||
7,044,809 | ||||||||
|
| |||||||
Pharmaceuticals - 0.08% | ||||||||
Perrigo Co. PLC | 3,625 | 174,109 | ||||||
|
| |||||||
Total Health Care | 13,170,733 | |||||||
|
| |||||||
Industrials - 17.22% | ||||||||
Aerospace & Defense - 2.39% | ||||||||
BWX Technologies, Inc. | 14,594 | 838,133 | ||||||
L3Harris Technologies, Inc. | 7,293 | 1,653,615 | ||||||
Textron, Inc. | 21,256 | 1,466,877 | ||||||
TransDigm Group, Inc.B | 1,571 | 1,007,152 | ||||||
|
| |||||||
4,965,777 | ||||||||
|
| |||||||
Airlines - 0.26% | ||||||||
Alaska Air Group, Inc.B | 9,262 | 537,474 | ||||||
|
| |||||||
Building Products - 2.33% | ||||||||
Carlisle Cos., Inc. | 8,749 | 1,769,398 | ||||||
JELD-WEN Holding, Inc.B | 79,999 | 2,118,373 | ||||||
Owens Corning | 9,936 | 955,446 | ||||||
|
| |||||||
4,843,217 | ||||||||
|
| |||||||
Commercial Services & Supplies - 1.29% | ||||||||
Republic Services, Inc. | 22,574 | 2,671,859 | ||||||
|
| |||||||
Construction & Engineering - 2.08% | ||||||||
AECOMB | 32,698 | 2,058,666 | ||||||
MasTec, Inc.A B | 12,780 | 1,293,720 | ||||||
Quanta Services, Inc. | 10,677 | 970,539 | ||||||
|
| |||||||
4,322,925 | ||||||||
|
| |||||||
Electrical Equipment - 1.25% | ||||||||
Vertiv Holdings Co. | 92,889 | 2,604,608 | ||||||
|
| |||||||
Machinery - 4.20% | ||||||||
Dover Corp. | 12,933 | 2,161,363 |
See accompanying notes
American Beacon Mid-Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.92% (continued) | ||||||||
Industrials - 17.22% (continued) |
| |||||||
Machinery - 4.20% (continued) |
| |||||||
Stanley Black & Decker, Inc. | 8,109 | $ | 1,597,878 | |||||
Terex Corp. | 45,938 | 2,201,349 | ||||||
Westinghouse Air Brake Technologies Corp. | 32,791 | 2,782,972 | ||||||
|
| |||||||
8,743,562 | ||||||||
|
| |||||||
Professional Services - 0.44% | ||||||||
Jacobs Engineering Group, Inc. | 6,819 | 922,270 | ||||||
|
| |||||||
Road & Rail - 1.59% | ||||||||
JB Hunt Transport Services, Inc. | 9,588 | 1,615,098 | ||||||
Ryder System, Inc. | 22,251 | 1,694,414 | ||||||
|
| |||||||
3,309,512 | ||||||||
|
| |||||||
Trading Companies & Distributors - 1.39% | ||||||||
AerCap Holdings NVB | 54,709 | 2,899,577 | ||||||
|
| |||||||
Total Industrials | 35,820,781 | |||||||
|
| |||||||
Information Technology - 2.96% | ||||||||
Electronic Equipment, Instruments & Components - 1.19% | ||||||||
Avnet, Inc. | 59,920 | 2,475,894 | ||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 1.14% | ||||||||
Marvell Technology, Inc. | 11,818 | 715,107 | ||||||
Microchip Technology, Inc. | 11,562 | 1,654,754 | ||||||
|
| |||||||
2,369,861 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 0.63% | ||||||||
Hewlett Packard Enterprise Co. | 89,655 | 1,299,997 | ||||||
|
| |||||||
Total Information Technology | 6,145,752 | |||||||
|
| |||||||
Materials - 8.27% | ||||||||
Chemicals - 7.01% | ||||||||
Ashland Global Holdings, Inc. | 8,703 | 740,364 | ||||||
Atotech Ltd.B | 33,728 | 814,531 | ||||||
Axalta Coating Systems Ltd.B | 35,778 | 1,076,918 | ||||||
Corteva, Inc. | 30,854 | 1,319,934 | ||||||
Dow, Inc. | 20,884 | 1,298,150 | ||||||
Eastman Chemical Co. | 10,452 | 1,178,149 | ||||||
Element Solutions, Inc. | 139,543 | 3,263,911 | ||||||
International Flavors & Fragrances, Inc. | 15,785 | 2,377,852 | ||||||
Olin Corp. | 53,448 | 2,513,660 | ||||||
|
| |||||||
14,583,469 | ||||||||
|
| |||||||
Containers & Packaging - 0.87% | ||||||||
Sealed Air Corp. | 31,816 | 1,805,558 | ||||||
|
| |||||||
Metals & Mining - 0.39% | ||||||||
Arconic Corp.B | 22,338 | 802,828 | ||||||
|
| |||||||
Total Materials | 17,191,855 | |||||||
|
| |||||||
Real Estate - 5.36% | ||||||||
Equity Real Estate Investment Trusts (REITs) - 4.93% | ||||||||
American Campus Communities, Inc. | 29,214 | 1,469,756 | ||||||
AvalonBay Communities, Inc. | 4,471 | 1,018,628 | ||||||
Lamar Advertising Co., Class A | 11,567 | 1,233,042 | ||||||
MGM Growth Properties LLC, Class A | 96,019 | 3,629,518 |
See accompanying notes
American Beacon Mid-Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.92% (continued) | ||||||||
Real Estate - 5.36% (continued) |
| |||||||
Equity Real Estate Investment Trusts (REITs) - 4.93% (continued) |
| |||||||
STAG Industrial, Inc.A | 24,315 | $ | 1,004,696 | |||||
VICI Properties, Inc.A | 60,687 | 1,892,828 | ||||||
|
| |||||||
10,248,468 | ||||||||
|
| |||||||
Real Estate Management & Development - 0.43% | ||||||||
Howard Hughes Corp.B | 9,758 | 904,664 | ||||||
|
| |||||||
Total Real Estate | 11,153,132 | |||||||
|
| |||||||
Utilities - 5.91% | ||||||||
Electric Utilities - 4.64% | ||||||||
Edison International | 43,006 | 2,343,827 | ||||||
Entergy Corp. | 20,136 | 2,072,397 | ||||||
Evergy, Inc. | 29,357 | 1,914,664 | ||||||
NRG Energy, Inc. | 63,828 | 2,632,267 | ||||||
Xcel Energy, Inc. | 10,168 | 693,966 | ||||||
|
| |||||||
9,657,121 | ||||||||
|
| |||||||
Gas Utilities - 0.59% | ||||||||
UGI Corp. | 26,420 | 1,215,056 | ||||||
|
| |||||||
Multi-Utilities - 0.68% | ||||||||
CenterPoint Energy, Inc. | 55,653 | 1,416,925 | ||||||
|
| |||||||
Total Utilities | 12,289,102 | |||||||
|
| |||||||
Total Common Stocks (Cost $136,119,827) | 203,633,843 | |||||||
|
| |||||||
SHORT-TERM INVESTMENTS - 2.37% (Cost $4,927,881) | ||||||||
Investment Companies - 2.37% | ||||||||
American Beacon U.S. Government Money Market Select Fund, 0.01%C D | 4,927,881 | 4,927,881 | ||||||
|
| |||||||
TOTAL INVESTMENTS - 100.29% (Cost $141,047,708) | 208,561,724 | |||||||
LIABILITIES, NET OF OTHER ASSETS - (0.29%) | (603,803 | ) | ||||||
|
| |||||||
TOTAL NET ASSETS - 100.00% | $ | 207,957,921 | ||||||
|
|
Percentages are stated as a percent of net assets.
A | All or a portion of this security is on loan, collateralized by either cash and/or U.S. Treasuries, at July 31, 2021. |
B | Non-income producing security. |
C | The Fund is affiliated by having the same investment advisor. |
D | 7-day yield. |
ADR - American Depositary Receipt. |
LLC - Limited Liability Company. |
PLC - Public Limited Company. |
See accompanying notes
American Beacon Mid-Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Long Futures Contracts Open on July 31, 2021:
Equity Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Contract Value | Unrealized Appreciation (Depreciation) | |||||||||||
S&P MidCap 400 E-Mini Index | 18 | September 2021 | $ | 4,800,947 | $ | 4,857,660 | $ | 56,713 | ||||||||
|
|
|
|
|
| |||||||||||
$ | 4,800,947 | $ | 4,857,660 | $ | 56,713 | |||||||||||
|
|
|
|
|
|
Index Abbreviations:
S&P MidCap 400 | Standard & Poor’s Midcap 400 Index. |
The Fund’s investments are summarized by level based on the inputs used to determine their values. As of July 31, 2021, the investments were classified as described below:
Mid-Cap Value Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets |
| |||||||||||||||
Common Stocks | $ | 203,633,843 | $ | — | $ | — | $ | 203,633,843 | ||||||||
Short-Term Investments | 4,927,881 | — | — | 4,927,881 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities - Assets | $ | 208,561,724 | $ | — | $ | — | $ | 208,561,724 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Financial Derivative Instruments - Assets |
| |||||||||||||||
Futures Contracts | $ | 56,713 | $ | — | $ | — | $ | 56,713 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Financial Derivative Instruments - Assets | $ | 56,713 | $ | — | $ | — | $ | 56,713 | ||||||||
|
|
|
|
|
|
|
|
U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended July 31, 2021, there were no transfers into or out of Level 3.
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% | ||||||||
Communication Services - 1.99% | ||||||||
Diversified Telecommunication Services - 0.00% | ||||||||
Liberty Latin America Ltd., Class AA | 1,865 | $ | 25,457 | |||||
Liberty Latin America Ltd., Class CA | 7,702 | 106,519 | ||||||
|
| |||||||
131,976 | ||||||||
|
| |||||||
Entertainment - 0.32% | ||||||||
IMAX Corp.A | 412,016 | 6,649,938 | ||||||
Lions Gate Entertainment Corp., Class AA | 240,767 | 3,618,728 | ||||||
Lions Gate Entertainment Corp., Class BA | 251,357 | 3,358,130 | ||||||
Madison Square Garden Entertainment Corp.A | 75,692 | 5,295,412 | ||||||
|
| |||||||
18,922,208 | ||||||||
|
| |||||||
Interactive Media & Services - 0.09% | ||||||||
Cars.com, Inc.A | 7,334 | 88,595 | ||||||
Genius Sports Ltd.A | 298,064 | 5,102,855 | ||||||
|
| |||||||
5,191,450 | ||||||||
|
| |||||||
Media - 1.51% | ||||||||
AMC Networks, Inc., Class AA | 99,668 | 4,987,387 | ||||||
Emerald Holding, Inc.A | 108,816 | 429,823 | ||||||
Entravision Communications Corp., Class A | 16,948 | 104,230 | ||||||
Gray Television, Inc. | 1,037,643 | 23,004,545 | ||||||
John Wiley & Sons, Inc., Class A | 89,642 | 5,269,157 | ||||||
MDC Partners, Inc., Class AA | 1,454,820 | 8,161,540 | ||||||
Meredith Corp.A | 226,059 | 9,865,215 | ||||||
Scholastic Corp. | 164,456 | 5,527,366 | ||||||
Sinclair Broadcast Group, Inc., Class A | 167,206 | 4,730,258 | ||||||
TEGNA, Inc. | 1,618,016 | 28,671,244 | ||||||
|
| |||||||
90,750,765 | ||||||||
|
| |||||||
Wireless Telecommunication Services - 0.07% | ||||||||
Telephone & Data Systems, Inc. | 197,273 | 4,409,052 | ||||||
|
| |||||||
Total Communication Services | 119,405,451 | |||||||
|
| |||||||
Consumer Discretionary - 12.33% | ||||||||
Auto Components - 2.58% | ||||||||
Adient PLCA | 986,943 | 41,579,909 | ||||||
American Axle & Manufacturing Holdings, Inc.A | 3,343,620 | 32,399,678 | ||||||
Dana, Inc. | 686,102 | 16,576,224 | ||||||
Gentherm, Inc.A | 473,994 | 39,308,322 | ||||||
Goodyear Tire & Rubber Co.A | 811,039 | 12,741,423 | ||||||
LCI Industries | 911 | 132,842 | ||||||
Motorcar Parts of America, Inc.A | 18,724 | 416,422 | ||||||
Standard Motor Products, Inc. | 146,695 | 6,125,983 | ||||||
Tenneco, Inc., Class AA | 1,510 | 26,289 | ||||||
Visteon Corp.A | 46,497 | 5,302,983 | ||||||
|
| |||||||
154,610,075 | ||||||||
|
| |||||||
Automobiles - 0.35% | ||||||||
Harley-Davidson, Inc. | 90,974 | 3,604,390 | ||||||
Winnebago Industries, Inc. | 243,129 | 17,473,681 | ||||||
|
| |||||||
21,078,071 | ||||||||
|
| |||||||
Distributors - 0.07% | ||||||||
Funko, Inc., Class AA | 222,092 | 4,144,237 | ||||||
|
| |||||||
Diversified Consumer Services - 0.95% | ||||||||
Graham Holdings Co., Class B | 13,113 | 8,715,686 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) | ||||||||
Consumer Discretionary - 12.33% (continued) | ||||||||
Diversified Consumer Services - 0.95% (continued) | ||||||||
H&R Block, Inc. | 1,528,423 | $ | 37,522,785 | |||||
Houghton Mifflin Harcourt Co.A | 966,016 | 10,935,301 | ||||||
Perdoceo Education Corp.A | 7,587 | 89,982 | ||||||
Select Interior Concepts, Inc., Class AA | 4,800 | 52,512 | ||||||
|
| |||||||
57,316,266 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure - 0.82% | ||||||||
Bally’s Corp.A | 138,631 | 6,827,577 | ||||||
Boyd Gaming Corp.A | 92,652 | 5,281,164 | ||||||
Brinker International, Inc.A | 7,005 | 380,652 | ||||||
Cheesecake Factory, Inc.A | 157,572 | 7,131,709 | ||||||
Cracker Barrel Old Country Store, Inc. | 621 | 84,568 | ||||||
Hilton Grand Vacations, Inc.A | 9,911 | 403,080 | ||||||
International Game Technology PLCA B | 820,132 | 15,377,475 | ||||||
Jack in the Box, Inc. | 122,781 | 13,365,939 | ||||||
Potbelly Corp.A | 9,700 | 67,706 | ||||||
Travel + Leisure Co. | 7,528 | 389,950 | ||||||
|
| |||||||
49,309,820 | ||||||||
|
| |||||||
Household Durables - 3.20% | ||||||||
Cavco Industries, Inc.A | 36,461 | 8,568,335 | ||||||
Century Communities, Inc. | 108,911 | 7,563,869 | ||||||
Ethan Allen Interiors, Inc. | 19,346 | 459,855 | ||||||
GoPro, Inc., Class AA | 477,080 | 4,885,299 | ||||||
Green Brick Partners, Inc.A | 592,272 | 14,848,259 | ||||||
Hamilton Beach Brands Holding Co., Class A | 750 | 14,018 | ||||||
Helen of Troy Ltd.A | 25,350 | 5,662,937 | ||||||
Hooker Furniture Corp. | 10,952 | 363,497 | ||||||
KB Home | 480,392 | 20,387,837 | ||||||
La-Z-Boy, Inc. | 491,397 | 16,501,111 | ||||||
LGI Homes, Inc.A | 83,306 | 14,236,995 | ||||||
M/I Homes, Inc.A | 266,270 | 17,230,332 | ||||||
MDC Holdings, Inc. | 227,823 | 12,147,522 | ||||||
Meritage Homes Corp.A | 93,890 | 10,194,576 | ||||||
Taylor Morrison Home Corp.A | 23,220 | 622,760 | ||||||
Tempur Sealy International, Inc. | 370,456 | 16,029,631 | ||||||
TRI Pointe Homes, Inc.A | 696,045 | 16,788,605 | ||||||
Tupperware Brands Corp.A | 7,800 | 162,942 | ||||||
Whirlpool Corp. | 113,772 | 25,205,049 | ||||||
|
| |||||||
191,873,429 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail - 0.08% | ||||||||
PetMed Express, Inc.B | 8,678 | 272,402 | ||||||
Points International Ltd.A | 264,135 | 4,418,979 | ||||||
|
| |||||||
4,691,381 | ||||||||
|
| |||||||
Leisure Products - 0.44% | ||||||||
Johnson Outdoors, Inc., Class A | 3,668 | 434,181 | ||||||
Malibu Boats, Inc., Class AA | 162,438 | 13,589,563 | ||||||
Smith & Wesson Brands, Inc. | 2,319 | 54,381 | ||||||
Vista Outdoor, Inc.A | 307,582 | 12,423,237 | ||||||
|
| |||||||
26,501,362 | ||||||||
|
| |||||||
Multiline Retail - 0.28% | ||||||||
Big Lots, Inc. | 204,895 | 11,804,001 | ||||||
Franchise Group, Inc. | 7,335 | 249,097 | ||||||
Macy’s, Inc.A | 1,568 | 26,656 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) |
| |||||||
Consumer Discretionary - 12.33% (continued) |
| |||||||
Multiline Retail - 0.28% (continued) |
| |||||||
Nordstrom, Inc.A | 149,646 | $ | 4,953,282 | |||||
|
| |||||||
17,033,036 | ||||||||
|
| |||||||
Specialty Retail - 2.73% | ||||||||
Aaron’s Co., Inc. | 18,700 | 539,869 | ||||||
Academy Sports & Outdoors, Inc.A | 1,762 | 65,282 | ||||||
American Eagle Outfitters, Inc.B | 6,796 | 234,258 | ||||||
Asbury Automotive Group, Inc.A | 65,662 | 13,490,914 | ||||||
Bed Bath & Beyond, Inc.A | 132,951 | 3,794,421 | ||||||
Big 5 Sporting Goods Corp. | 12,100 | 265,232 | ||||||
Buckle, Inc. | 91,698 | 3,858,652 | ||||||
Caleres, Inc. | 331,096 | 8,191,315 | ||||||
Camping World Holdings, Inc., Class AB | 416,274 | 16,384,545 | ||||||
Cato Corp., Class A | 26,157 | 431,590 | ||||||
Foot Locker, Inc. | 4,150 | 236,799 | ||||||
Genesco, Inc.A | 8,331 | 478,616 | ||||||
Group 1 Automotive, Inc. | 130,965 | 22,753,859 | ||||||
Guess?, Inc. | 273,027 | 6,093,963 | ||||||
Hibbett Sports, Inc. | 33,397 | 2,960,978 | ||||||
MarineMax, Inc.A | 34,049 | 1,831,496 | ||||||
ODP Corp.A | 785,260 | 37,166,356 | ||||||
OneWater Marine, Inc., Class A | 10,297 | 483,753 | ||||||
Penske Automotive Group, Inc. | 3,861 | 342,084 | ||||||
Rent-A-Center, Inc. | 147,518 | 8,440,980 | ||||||
Sally Beauty Holdings, Inc.A | 805,038 | 15,231,319 | ||||||
Signet Jewelers Ltd. | 438 | 28,181 | ||||||
Sonic Automotive, Inc., Class A | 262,515 | 14,320,193 | ||||||
Tilly’s, Inc., Class A | 9,555 | 141,701 | ||||||
Urban Outfitters, Inc.A | 154,283 | 5,736,242 | ||||||
Zumiez, Inc.A | 4,961 | 216,548 | ||||||
|
| |||||||
163,719,146 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods - 0.83% | ||||||||
Capri Holdings Ltd.A | 228,511 | 12,867,454 | ||||||
Culp, Inc. | 6,368 | 95,329 | ||||||
G-III Apparel Group Ltd.A | 330,096 | 9,856,667 | ||||||
Oxford Industries, Inc. | 57,631 | 5,009,863 | ||||||
Rocky Brands, Inc. | 3,378 | 183,763 | ||||||
Skechers USA, Inc., Class AA | 252,693 | 13,564,560 | ||||||
Vera Bradley, Inc.A | 32,542 | 358,288 | ||||||
Wolverine World Wide, Inc. | 231,504 | 7,764,644 | ||||||
|
| |||||||
49,700,568 | ||||||||
|
| |||||||
Total Consumer Discretionary | 739,977,391 | |||||||
|
| |||||||
Consumer Staples - 2.75% | ||||||||
Food & Staples Retailing - 0.48% | ||||||||
Andersons, Inc. | 119,702 | 3,196,043 | ||||||
Chefs’ Warehouse, Inc.A | 261,659 | 7,567,178 | ||||||
Ingles Markets, Inc., Class A | 57,304 | 3,424,487 | ||||||
Natural Grocers by Vitamin Cottage, Inc. | 27,604 | 308,613 | ||||||
SpartanNash Co. | 206,508 | 4,016,581 | ||||||
Sprouts Farmers Market, Inc.A | 132,834 | 3,265,060 | ||||||
United Natural Foods, Inc.A | 198,970 | 6,589,886 | ||||||
Village Super Market, Inc., Class A | 14,369 | 324,021 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) |
| |||||||
Consumer Staples - 2.75% (continued) |
| |||||||
Food & Staples Retailing - 0.48% (continued) |
| |||||||
Weis Markets, Inc. | 3,480 | $ | 183,222 | |||||
|
| |||||||
28,875,091 | ||||||||
|
| |||||||
Food Products - 1.54% | ||||||||
B&G Foods, Inc. | 91,792 | 2,636,266 | ||||||
Darling Ingredients, Inc.A | 585,359 | 40,430,746 | ||||||
Fresh Del Monte Produce, Inc. | 220,987 | 6,819,659 | ||||||
Hain Celestial Group, Inc.A B | 189,937 | 7,580,386 | ||||||
J&J Snack Foods Corp. | 32,120 | 5,279,886 | ||||||
Pilgrim’s Pride Corp.A | 387,101 | 8,574,287 | ||||||
Sanderson Farms, Inc. | 778 | 145,361 | ||||||
Seneca Foods Corp., Class AA | 509 | 27,863 | ||||||
SunOpta, Inc.A B | 1,969,754 | 20,682,417 | ||||||
|
| |||||||
92,176,871 | ||||||||
|
| |||||||
Household Products - 0.33% | ||||||||
Central Garden & Pet Co.A | 9,848 | 475,560 | ||||||
Energizer Holdings, Inc. | 9,554 | 409,389 | ||||||
Spectrum Brands Holdings, Inc. | 213,310 | 18,632,628 | ||||||
|
| |||||||
19,517,577 | ||||||||
|
| |||||||
Personal Products - 0.33% | ||||||||
Edgewell Personal Care Co. | 197,685 | 8,120,900 | ||||||
Inter Parfums, Inc. | 77,448 | 5,953,428 | ||||||
Nu Skin Enterprises, Inc., Class A | 102,298 | 5,492,380 | ||||||
USANA Health Sciences, Inc.A | 3,861 | 367,837 | ||||||
|
| |||||||
19,934,545 | ||||||||
|
| |||||||
Tobacco - 0.07% | ||||||||
Universal Corp. | 81,621 | 4,257,351 | ||||||
|
| |||||||
Total Consumer Staples | 164,761,435 | |||||||
|
| |||||||
Energy - 6.52% | ||||||||
Energy Equipment & Services - 1.42% | ||||||||
Cactus, Inc., Class A | 297,319 | 10,715,377 | ||||||
ChampionX Corp.A | 16,961 | 394,174 | ||||||
Core Laboratories NV | 4,826 | 160,995 | ||||||
Dril-Quip, Inc.A | 11,247 | 321,439 | ||||||
Frank’s International NVA | 4,682,890 | 12,877,947 | ||||||
Helix Energy Solutions Group, Inc.A | 2,244,173 | 9,313,318 | ||||||
Helmerich & Payne, Inc. | 349,917 | 10,032,120 | ||||||
Hoegh LNG Partners LP | 1,880 | 10,302 | ||||||
Liberty Oilfield Services, Inc., Class AA B | 30,599 | 311,804 | ||||||
National Energy Services Reunited Corp.A | 22,000 | 283,800 | ||||||
Newpark Resources, Inc.A | 30,800 | 99,484 | ||||||
NexTier Oilfield Solutions, Inc.A | 1,582,858 | 6,046,518 | ||||||
NOV, Inc.A | 1,049,748 | 14,497,020 | ||||||
Oceaneering International, Inc.A | 1,565 | 20,752 | ||||||
Oil States International, Inc.A | 1,268,062 | 7,177,231 | ||||||
Patterson-UTI Energy, Inc. | 613,342 | 4,919,003 | ||||||
ProPetro Holding Corp.A | 32,648 | 246,492 | ||||||
RPC, Inc.A | 6,590 | 27,678 | ||||||
Select Energy Services, Inc., Class AA | 62,906 | 374,291 | ||||||
Solaris Oilfield Infrastructure, Inc., Class A | 41,896 | 364,495 | ||||||
TechnipFMC PLCA | 15,636 | 112,892 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) |
| |||||||
Energy - 6.52% (continued) |
| |||||||
Energy Equipment & Services - 1.42% (continued) |
| |||||||
Transocean Ltd.A | 1,829,616 | $ | 6,604,914 | |||||
|
| |||||||
84,912,046 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels - 5.10% | ||||||||
Altus Midstream Co.B | 95,374 | 6,089,630 | ||||||
Amplify Energy Corp.A | 6,400 | 21,056 | ||||||
Antero Midstream Corp. | 1,729,054 | 16,426,013 | ||||||
Antero Resources Corp.A | 3,404 | 46,294 | ||||||
APA Corp. | 285,904 | 5,360,700 | ||||||
Berry Corp. | 487,955 | 2,708,150 | ||||||
Bonanza Creek Energy, Inc. | 170,979 | 6,577,562 | ||||||
California Resources Corp.A | 14,800 | 416,028 | ||||||
Cimarex Energy Co. | 103,541 | 6,750,873 | ||||||
CNX Resources Corp.A | 2,241,446 | 27,121,497 | ||||||
Comstock Resources, Inc.A | 1,175,279 | 7,145,696 | ||||||
CVR Energy, Inc. | 8,494 | 116,028 | ||||||
DHT Holdings, Inc. | 955,169 | 5,539,980 | ||||||
Earthstone Energy, Inc., Class AA | 37,167 | 365,352 | ||||||
Enerplus Corp. | 1,295,057 | 8,068,205 | ||||||
EQT Corp.A | 1,629,190 | 29,960,804 | ||||||
Equitrans Midstream Corp. | 2,170,914 | 17,844,913 | ||||||
Frontline Ltd. | 13,513 | 107,563 | ||||||
Green Plains, Inc.A B | 4,091 | 144,658 | ||||||
HollyFrontier Corp. | 306,624 | 9,014,746 | ||||||
Kosmos Energy Ltd.A | 3,383,747 | 7,816,456 | ||||||
Magnolia Oil & Gas Corp., Class AA | 2,809 | 39,326 | ||||||
Murphy Oil Corp. | 1,080,216 | 23,451,489 | ||||||
Northern Oil and Gas, Inc. | 31,562 | 545,076 | ||||||
Oasis Petroleum, Inc. | 106,826 | 9,797,012 | ||||||
Par Pacific Holdings, Inc.A | 15,700 | 257,166 | ||||||
PBF Energy, Inc., Class AA | 391,236 | 3,587,634 | ||||||
PDC Energy, Inc. | 493,797 | 19,529,671 | ||||||
Penn Virginia Corp.A | 164,427 | 3,040,255 | ||||||
Range Resources Corp.A | 2,995,079 | 45,615,053 | ||||||
Rattler Midstream LP | 17,950 | 186,860 | ||||||
REX American Resources Corp.A | 4,537 | 372,034 | ||||||
SFL Corp. Ltd. | 7,301 | 50,158 | ||||||
Southwestern Energy Co.A | 2,194,867 | 10,337,824 | ||||||
Teekay Corp.A B | 34,440 | 102,976 | ||||||
Viper Energy Partners LP | 442,310 | 7,966,003 | ||||||
Whiting Petroleum Corp.A | 191,758 | 8,993,450 | ||||||
World Fuel Services Corp. | 426,584 | 14,700,085 | ||||||
|
| |||||||
306,214,276 | ||||||||
|
| |||||||
Total Energy | 391,126,322 | |||||||
|
| |||||||
Financials - 24.68% | ||||||||
Banks - 13.38% | ||||||||
1st Source Corp. | 7,776 | 356,063 | ||||||
Amalgamated Financial Corp. | 16,538 | 254,024 | ||||||
Ameris Bancorp | 309,635 | 15,051,357 | ||||||
Associated Banc-Corp. | 1,360,461 | 26,937,128 | ||||||
Atlantic Union Bankshares Corp. | 88,857 | 3,151,758 | ||||||
BancorpSouth Bank | 137,788 | 3,554,930 | ||||||
Bank of Marin Bancorp | 2,800 | 97,160 | ||||||
Bank of NT Butterfield & Son Ltd. | 972,252 | 32,220,431 | ||||||
Bank OZK | 231,681 | 9,431,734 | ||||||
BankUnited, Inc. | 119,048 | 4,711,920 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) | ||||||||
Financials - 24.68% (continued) | ||||||||
Banks - 13.38% (continued) | ||||||||
Bankwell Financial Group, Inc. | 800 | $ | 23,056 | |||||
Banner Corp. | 180,882 | 9,593,981 | ||||||
Bar Harbor Bankshares | 7,198 | 206,151 | ||||||
BCB Bancorp, Inc. | 1,800 | 27,072 | ||||||
Berkshire Hills Bancorp, Inc. | 57,619 | 1,558,018 | ||||||
BOK Financial Corp. | 3,668 | 308,149 | ||||||
Brookline Bancorp, Inc. | 102,938 | 1,479,219 | ||||||
Bryn Mawr Bank Corp. | 3,847 | 150,533 | ||||||
Cadence BanCorp | 125,436 | 2,383,284 | ||||||
Camden National Corp. | 2,301 | 103,016 | ||||||
Capital Bancorp, Inc. | 5,900 | 134,048 | ||||||
Carter Bankshares, Inc.A | 4,800 | 55,056 | ||||||
Cathay General Bancorp | 418,040 | 15,831,175 | ||||||
Central Pacific Financial Corp. | 357,227 | 9,145,011 | ||||||
Central Valley Community Bancorp | 700 | 15,673 | ||||||
CIT Group, Inc. | 11,051 | 533,100 | ||||||
Civista Bancshares, Inc. | 4,941 | 113,100 | ||||||
CNB Financial Corp. | 5,704 | 131,534 | ||||||
Columbia Banking System, Inc. | 269,947 | 9,431,948 | ||||||
Community Financial Corp. | 900 | 32,904 | ||||||
Community Trust Bancorp, Inc. | 7,406 | 294,463 | ||||||
ConnectOne Bancorp, Inc. | 15,610 | 410,543 | ||||||
CrossFirst Bankshares, Inc.A | 15,080 | 208,255 | ||||||
Customers Bancorp, Inc.A | 7,435 | 269,296 | ||||||
CVB Financial Corp. | 235,211 | 4,483,122 | ||||||
Dime Community Bancshares, Inc. | 12,305 | 406,311 | ||||||
Eagle Bancorp, Inc. | 9,843 | 541,660 | ||||||
Enterprise Financial Services Corp. | 39,955 | 1,780,794 | ||||||
Equity Bancshares, Inc., Class AA | 9,721 | 286,381 | ||||||
FB Financial Corp. | 66,908 | 2,529,791 | ||||||
Financial Institutions, Inc. | 9,188 | 270,495 | ||||||
First BanCorp | 1,503,803 | 23,747,434 | ||||||
First Busey Corp. | 75,319 | 1,777,528 | ||||||
First Business Financial Services, Inc. | 3,725 | 102,736 | ||||||
First Commonwealth Financial Corp. | 102,962 | 1,356,010 | ||||||
First Financial Bancorp | 125,819 | 2,830,928 | ||||||
First Financial Corp. | 9,019 | 361,211 | ||||||
First Hawaiian, Inc. | 1,591,091 | 43,802,735 | ||||||
First Internet Bancorp | 8,447 | 255,775 | ||||||
First Interstate BancSystem, Inc., Class A | 289,615 | 12,140,661 | ||||||
First Merchants Corp. | 61,136 | 2,490,069 | ||||||
First Mid Bancshares, Inc. | 6,700 | 272,623 | ||||||
First Midwest Bancorp, Inc. | 129,677 | 2,326,405 | ||||||
First of Long Island Corp. | 11,293 | 243,364 | ||||||
Flushing Financial Corp. | 23,781 | 524,371 | ||||||
FNB Corp. | 1,378,730 | 15,800,246 | ||||||
Fulton Financial Corp. | 1,432,040 | 21,938,853 | ||||||
Great Southern Bancorp, Inc. | 8,337 | 433,774 | ||||||
Great Western Bancorp, Inc. | 13,262 | 408,470 | ||||||
Hancock Whitney Corp. | 464,601 | 20,307,710 | ||||||
Hanmi Financial Corp. | 26,401 | 481,290 | ||||||
Harborone Bancorp, Inc. | 422,186 | 5,745,951 | ||||||
Heartland Financial USA, Inc. | 49,008 | 2,235,745 | ||||||
Heritage Commerce Corp. | 597,441 | 6,476,260 | ||||||
Heritage Financial Corp. | 132,215 | 3,198,281 | ||||||
Hilltop Holdings, Inc. | 645,083 | 20,436,229 | ||||||
Home BancShares, Inc. | 363,373 | 7,696,240 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) | ||||||||
Financials - 24.68% (continued) | ||||||||
Banks - 13.38% (continued) | ||||||||
HomeTrust Bancshares, Inc. | 5,591 | $ | 147,211 | |||||
Hope Bancorp, Inc. | 182,224 | 2,414,468 | ||||||
Horizon Bancorp, Inc. | 15,920 | 266,023 | ||||||
Independent Bank Corp. | 3,200 | 67,296 | ||||||
Independent Bank Group, Inc. | 94,701 | 6,600,660 | ||||||
International Bancshares Corp. | 123,086 | 4,810,201 | ||||||
Investar Holding Corp. | 6,200 | 136,090 | ||||||
Investors Bancorp, Inc. | 1,274,761 | 17,617,197 | ||||||
Lakeland Bancorp, Inc. | 21,607 | 353,707 | ||||||
Live Oak Bancshares, Inc. | 6,177 | 371,794 | ||||||
Mercantile Bank Corp. | 8,482 | 265,063 | ||||||
Metropolitan Bank Holding Corp.A | 5,754 | 408,707 | ||||||
Midland States Bancorp, Inc. | 18,274 | 449,723 | ||||||
MidWestOne Financial Group, Inc. | 8,026 | 233,797 | ||||||
National Bank Holdings Corp., Class A | 262,213 | 9,298,073 | ||||||
National Bankshares, Inc. | 200 | 7,230 | ||||||
NBT Bancorp, Inc. | 48,877 | 1,703,363 | ||||||
Northeast Bank | 500 | 15,955 | ||||||
Northrim BanCorp, Inc. | 2,592 | 105,805 | ||||||
OceanFirst Financial Corp. | 81,478 | 1,588,821 | ||||||
OFG Bancorp | 1,435,423 | 33,158,271 | ||||||
Old National Bancorp | 1,410,330 | 22,692,210 | ||||||
Orrstown Financial Services, Inc. | 4,069 | 93,790 | ||||||
Pacific Premier Bancorp, Inc. | 87,216 | 3,312,464 | ||||||
PacWest Bancorp | 141,337 | 5,628,039 | ||||||
PCB Bancorp | 4,300 | 81,442 | ||||||
Peapack-Gladstone Financial Corp. | 12,376 | 398,631 | ||||||
Peoples Bancorp, Inc. | 9,164 | 270,246 | ||||||
Popular, Inc. | 654,748 | 47,639,465 | ||||||
Preferred Bank | 6,628 | 390,919 | ||||||
Primis Financial Corp. | 16,403 | 255,067 | ||||||
Prosperity Bancshares, Inc. | 376,775 | 25,692,287 | ||||||
RBB Bancorp | 11,251 | 269,236 | ||||||
Renasant Corp. | 84,619 | 2,976,896 | ||||||
Republic Bancorp, Inc., Class A | 5,309 | 258,867 | ||||||
S&T Bancorp, Inc. | 60,051 | 1,768,502 | ||||||
Sandy Spring Bancorp, Inc. | 55,456 | 2,306,415 | ||||||
Seacoast Banking Corp. of Florida | 729,997 | 22,184,609 | ||||||
Sierra Bancorp | 7,335 | 176,994 | ||||||
Silvergate Capital Corp., Class AA | 47,249 | 4,857,197 | ||||||
Simmons First National Corp., Class A | 146,376 | 3,984,355 | ||||||
South State Corp. | 118,086 | 8,129,040 | ||||||
Southside Bancshares, Inc. | 34,844 | 1,255,778 | ||||||
Synovus Financial Corp. | 9,782 | 400,084 | ||||||
Texas Capital Bancshares, Inc.A | 615,355 | 38,755,058 | ||||||
Towne Bank | 12,553 | 374,205 | ||||||
TriCo Bancshares | 36,415 | 1,435,843 | ||||||
TriState Capital Holdings, Inc.A | 118,114 | 2,398,895 | ||||||
Trustmark Corp. | 125,007 | 3,752,710 | ||||||
UMB Financial Corp. | 390,363 | 36,537,977 | ||||||
Umpqua Holdings Corp. | 2,610,498 | 49,260,097 | ||||||
United Bankshares, Inc. | 153,486 | 5,301,406 | ||||||
United Community Banks, Inc. | 444,952 | 12,819,067 | ||||||
Univest Financial Corp. | 11,632 | 318,252 | ||||||
Valley National Bancorp | 590,335 | 7,609,418 | ||||||
Veritex Holdings, Inc. | 442,328 | 14,840,104 | ||||||
Washington Trust Bancorp, Inc. | 2,781 | 135,574 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) | ||||||||
Financials - 24.68% (continued) | ||||||||
Banks - 13.38% (continued) | ||||||||
Webster Financial Corp. | 292,374 | $ | 14,063,189 | |||||
WesBanco, Inc. | 291,259 | 9,401,841 | ||||||
Wintrust Financial Corp. | 210,152 | 15,004,853 | ||||||
|
| |||||||
802,945,020 | ||||||||
|
| |||||||
Capital Markets - 3.63% | ||||||||
Affiliated Managers Group, Inc. | 69,964 | 11,085,096 | ||||||
AllianceBernstein Holding LP, MLP | 186,435 | 8,999,217 | ||||||
Artisan Partners Asset Management, Inc., Class A | 396 | 19,044 | ||||||
Associated Capital Group, Inc., Class A | 560 | 21,106 | ||||||
B. Riley Financial, Inc. | 50,076 | 3,383,135 | ||||||
BGC Partners, Inc., Class A | 3,346 | 17,901 | ||||||
Blucora, Inc.A | 5,311 | 89,544 | ||||||
BrightSphere Investment Group, Inc. | 191,996 | 4,797,980 | ||||||
Cohen & Steers, Inc. | 93,392 | 7,771,148 | ||||||
Cowen, Inc., Class A | 13,212 | 528,216 | ||||||
Diamond Hill Investment Group, Inc. | 1,737 | 299,198 | ||||||
Evercore, Inc., Class A | 406,804 | 53,779,489 | ||||||
Federated Hermes, Inc. | 662,966 | 21,506,617 | ||||||
Greenhill & Co., Inc. | 28,392 | 454,840 | ||||||
Lazard Ltd., Class A | 576,147 | 27,194,138 | ||||||
LPL Financial Holdings, Inc. | 81,015 | 11,426,356 | ||||||
Piper Sandler Cos. | 32,581 | 3,997,363 | ||||||
Stifel Financial Corp. | 545,919 | 36,325,450 | ||||||
StoneX Group, Inc.A | 42,609 | 2,749,559 | ||||||
Victory Capital Holdings, Inc., Class A | 49,716 | 1,515,841 | ||||||
Virtus Investment Partners, Inc. | 56,746 | 15,669,273 | ||||||
WisdomTree Investments, Inc.B | 993,973 | 6,142,753 | ||||||
|
| |||||||
217,773,264 | ||||||||
|
| |||||||
Consumer Finance - 0.79% | ||||||||
Enova International, Inc.A | 65,558 | 2,169,314 | ||||||
EZCORP, Inc., Class AA | 14,765 | 84,456 | ||||||
Navient Corp. | 429,394 | 8,772,519 | ||||||
Nelnet, Inc., Class A | 50,406 | 3,795,572 | ||||||
PRA Group, Inc.A | 523 | 20,287 | ||||||
PROG Holdings, Inc. | 191,636 | 8,387,908 | ||||||
SLM Corp. | 1,277,020 | 24,046,287 | ||||||
|
| |||||||
47,276,343 | ||||||||
|
| |||||||
Insurance - 3.80% | ||||||||
Ambac Financial Group, Inc.A | 24,528 | 356,147 | ||||||
American Equity Investment Life Holding Co. | 188,865 | 6,060,678 | ||||||
American National Group, Inc. | 1,300 | 214,474 | ||||||
Argo Group International Holdings Ltd. | 273,745 | 14,270,327 | ||||||
Assured Guaranty Ltd. | 177,114 | 8,467,820 | ||||||
Axis Capital Holdings Ltd. | 199,451 | 10,146,072 | ||||||
Brighthouse Financial, Inc.A | 201,009 | 8,655,448 | ||||||
CNO Financial Group, Inc. | 1,585,547 | 36,213,893 | ||||||
Employers Holdings, Inc. | 11,467 | 476,110 | ||||||
Enstar Group Ltd.A | 187,457 | 48,180,198 | ||||||
Genworth Financial, Inc., Class AA | 1,131,117 | 3,777,931 | ||||||
Global Indemnity Group LLC, Class A | 365,297 | 9,391,786 | ||||||
Hanover Insurance Group, Inc. | 3,957 | 537,756 | ||||||
Horace Mann Educators Corp. | 522,088 | 20,784,323 | ||||||
James River Group Holdings Ltd. | 2,420 | 88,040 | ||||||
Mercury General Corp. | 328,860 | 20,004,554 | ||||||
National Western Life Group, Inc., Class A | 7,441 | 1,546,910 | ||||||
ProAssurance Corp. | 129,112 | 2,618,391 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) |
| |||||||
Financials - 24.68% (continued) |
| |||||||
Insurance - 3.80% (continued) |
| |||||||
Safety Insurance Group, Inc. | 700 | $ | 53,634 | |||||
Selective Insurance Group, Inc. | 125,561 | 10,214,387 | ||||||
SiriusPoint Ltd.A | 68,689 | 673,152 | ||||||
Stewart Information Services Corp. | 64,550 | 3,809,096 | ||||||
United Fire Group, Inc. | 548 | 13,656 | ||||||
Universal Insurance Holdings, Inc. | 9,202 | 130,300 | ||||||
Unum Group | 559,890 | 15,340,986 | ||||||
White Mountains Insurance Group Ltd. | 5,541 | 6,270,029 | ||||||
|
| |||||||
228,296,098 | ||||||||
|
| |||||||
Mortgage Real Estate Investment Trusts (REITs) - 0.22% | ||||||||
Apollo Commercial Real Estate Finance, Inc. | 1,897 | 28,872 | ||||||
Arlington Asset Investment Corp., Class AA B | 35,691 | 137,767 | ||||||
BrightSpire Capital, Inc. | 43,680 | 415,397 | ||||||
Chimera Investment Corp. | 8,433 | 124,134 | ||||||
Granite Point Mortgage Trust, Inc. | 7,508 | 105,938 | ||||||
Great Ajax Corp. | 20,601 | 261,220 | ||||||
MFA Financial, Inc. | 28,613 | 133,623 | ||||||
New Residential Investment Corp. | 1,239,584 | 12,098,340 | ||||||
TPG RE Finance Trust, Inc. | 10,064 | 132,442 | ||||||
|
| |||||||
13,437,733 | ||||||||
|
| |||||||
Thrifts & Mortgage Finance - 2.86% | ||||||||
America First Multifamily Investors LP, MLP | 15,154 | 104,108 | ||||||
Axos Financial, Inc.A | 324,637 | 15,533,881 | ||||||
Bridgewater Bancshares, Inc.A | 8,687 | 140,903 | ||||||
Capitol Federal Financial, Inc. | 247,566 | 2,745,507 | ||||||
Essent Group Ltd. | 424,469 | 19,173,265 | ||||||
Federal Agricultural Mortgage Corp., Class C | 3,909 | 381,128 | ||||||
Flagstar Bancorp, Inc. | 125,244 | 5,731,165 | ||||||
FS Bancorp, Inc. | 3,040 | 105,731 | ||||||
HomeStreet, Inc. | 11,045 | 416,507 | ||||||
Luther Burbank Corp. | 266,570 | 3,454,747 | ||||||
Meridian Bancorp, Inc. | 4,977 | 95,111 | ||||||
Meta Financial Group, Inc. | 56,914 | 2,828,626 | ||||||
MGIC Investment Corp. | 4,281,851 | 59,260,818 | ||||||
Mr Cooper Group, Inc.A | 198,858 | 7,393,540 | ||||||
NMI Holdings, Inc., Class AA | 368,459 | 8,113,467 | ||||||
Northfield Bancorp, Inc. | 15,082 | 248,099 | ||||||
Northwest Bancshares, Inc. | 282,223 | 3,756,388 | ||||||
Premier Financial Corp. | 14,959 | 400,602 | ||||||
Provident Financial Services, Inc. | 189,163 | 4,085,921 | ||||||
Radian Group, Inc. | 621,521 | 14,033,944 | ||||||
Southern Missouri Bancorp, Inc. | 2,392 | 107,353 | ||||||
Territorial Bancorp, Inc. | 7,264 | 185,523 | ||||||
TrustCo Bank Corp. | 11,983 | 402,988 | ||||||
Walker & Dunlop, Inc. | 68,784 | 7,117,768 | ||||||
Washington Federal, Inc. | 380,541 | 12,280,058 | ||||||
Waterstone Financial, Inc. | 1,400 | 27,622 | ||||||
William Penn Bancorp, Inc. | 1,500 | 18,084 | ||||||
WSFS Financial Corp. | 74,331 | 3,254,211 | ||||||
|
| |||||||
171,397,065 | ||||||||
|
| |||||||
Total Financials | 1,481,125,523 | |||||||
|
| |||||||
Health Care - 4.13% | ||||||||
Biotechnology - 0.35% | ||||||||
Alkermes PLCA | 295,943 | 7,656,045 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) |
| |||||||
Health Care - 4.13% (continued) |
| |||||||
Biotechnology - 0.35% (continued) |
| |||||||
Emergent BioSolutions, Inc.A | 131,329 | $ | 8,654,581 | |||||
Vanda Pharmaceuticals, Inc.A | 280,590 | 4,576,423 | ||||||
|
| |||||||
20,887,049 | ||||||||
|
| |||||||
Health Care Equipment & Supplies - 0.44% | ||||||||
Integer Holdings Corp.A | 122,554 | 11,996,811 | ||||||
Invacare Corp.A B | 584,613 | 4,226,752 | ||||||
NuVasive, Inc.A | 156,622 | 10,015,977 | ||||||
Varex Imaging Corp.A | 4,180 | 114,114 | ||||||
|
| |||||||
26,353,654 | ||||||||
|
| |||||||
Health Care Providers & Services - 2.57% | ||||||||
Acadia Healthcare Co., Inc.A | 172,526 | 10,648,305 | ||||||
AMN Healthcare Services, Inc.A | 281,806 | 28,338,411 | ||||||
Apria, Inc.A | 332,406 | 10,480,761 | ||||||
Encompass Health Corp. | 267,845 | 22,298,096 | ||||||
Hanger, Inc.A | 629,823 | 15,455,857 | ||||||
MEDNAX, Inc.A | 293,909 | 8,558,630 | ||||||
ModivCare, Inc.A | 26,735 | 4,544,950 | ||||||
Patterson Cos., Inc. | 652 | 20,297 | ||||||
R1 RCM, Inc.A | 637,362 | 13,645,920 | ||||||
Select Medical Holdings Corp. | 724,146 | 28,567,560 | ||||||
Triple-S Management Corp., Class BA | 487,026 | 11,849,343 | ||||||
|
| |||||||
154,408,130 | ||||||||
|
| |||||||
Health Care Technology - 0.38% | ||||||||
Evolent Health, Inc., Class AA | 578,816 | 13,278,039 | ||||||
NextGen Healthcare, Inc.A | 240,095 | 3,894,341 | ||||||
Omnicell, Inc.A | 38,878 | 5,695,627 | ||||||
|
| |||||||
22,868,007 | ||||||||
|
| |||||||
Pharmaceuticals - 0.39% | ||||||||
Amneal Pharmaceuticals, Inc.A | 13,133 | 64,746 | ||||||
Collegium Pharmaceutical, Inc.A B | 168,030 | 4,182,267 | ||||||
Pacira BioSciences, Inc.A | 61,718 | 3,638,276 | ||||||
Prestige Consumer Healthcare, Inc.A | 122,752 | 6,450,617 | ||||||
Supernus Pharmaceuticals, Inc.A | 319,393 | 8,409,618 | ||||||
Taro Pharmaceutical Industries Ltd.A | 7,392 | 526,310 | ||||||
|
| |||||||
23,271,834 | ||||||||
|
| |||||||
Total Health Care | 247,788,674 | |||||||
|
| |||||||
Industrials - 21.61% | ||||||||
Aerospace & Defense - 0.53% | ||||||||
AAR Corp.A | 128,672 | 4,601,311 | ||||||
AeroVironment, Inc.A | 96,993 | 9,805,992 | ||||||
Curtiss-Wright Corp. | 71,819 | 8,496,188 | ||||||
Moog, Inc., Class A | 4,729 | 368,247 | ||||||
National Presto Industries, Inc. | 4,428 | 427,213 | ||||||
Parsons Corp.A | 27,122 | 1,047,452 | ||||||
Spirit AeroSystems Holdings, Inc., Class A | 157,977 | 6,826,186 | ||||||
Vectrus, Inc.A | 10,580 | 479,168 | ||||||
|
| |||||||
32,051,757 | ||||||||
|
| |||||||
Air Freight & Logistics - 0.65% | ||||||||
Air Transport Services Group, Inc.A | 1,330,912 | 32,208,070 | ||||||
Atlas Air Worldwide Holdings, Inc.A | 95,610 | 6,403,002 | ||||||
Echo Global Logistics, Inc.A | 7,600 | 235,068 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) | ||||||||
Industrials - 21.61% (continued) | ||||||||
Air Freight & Logistics - 0.65% (continued) | ||||||||
Forward Air Corp. | 2,654 | $ | 234,720 | |||||
|
| |||||||
39,080,860 | ||||||||
|
| |||||||
Airlines - 0.50% | ||||||||
JetBlue Airways Corp.A | 583,264 | 8,626,475 | ||||||
SkyWest, Inc.A | 389,943 | 15,788,792 | ||||||
Spirit Airlines, Inc.A | 207,137 | 5,588,556 | ||||||
|
| |||||||
30,003,823 | ||||||||
|
| |||||||
Building Products - 2.21% | ||||||||
Apogee Enterprises, Inc. | 763,446 | 30,285,903 | ||||||
Armstrong Flooring, Inc.A | 457,348 | 1,975,743 | ||||||
Armstrong World Industries, Inc. | 83,646 | 9,048,824 | ||||||
Builders FirstSource, Inc.A | 285,274 | 12,694,693 | ||||||
Caesarstone Ltd. | 4,029 | 53,465 | ||||||
Cornerstone Building Brands, Inc.A | 2,741 | 46,104 | ||||||
Gibraltar Industries, Inc.A | 395,717 | 29,552,146 | ||||||
Griffon Corp. | 567,344 | 13,116,993 | ||||||
Insteel Industries, Inc. | 1,362 | 52,886 | ||||||
JELD-WEN Holding, Inc.A | 23,189 | 614,045 | ||||||
Masonite International Corp.A | 4,917 | 556,408 | ||||||
Resideo Technologies, Inc.A | 288,492 | 8,510,514 | ||||||
UFP Industries, Inc. | 349,174 | 25,929,661 | ||||||
|
| |||||||
132,437,385 | ||||||||
|
| |||||||
Commercial Services & Supplies - 0.77% | ||||||||
ABM Industries, Inc. | 8,513 | 395,769 | ||||||
ACCO Brands Corp. | 75,605 | 675,909 | ||||||
Brink’s Co. | 140,556 | 10,817,190 | ||||||
Deluxe Corp. | 125,124 | 5,492,943 | ||||||
Ennis, Inc. | 22,291 | 440,693 | ||||||
Harsco Corp.A | 1,225,389 | 24,654,827 | ||||||
Herman Miller, Inc. | 9,045 | 390,292 | ||||||
HNI Corp. | 1,704 | 63,559 | ||||||
Interface, Inc. | 30,386 | 438,166 | ||||||
KAR Auction Services, Inc.A | 7,245 | 119,398 | ||||||
Kimball International, Inc., Class B | 21,364 | 264,486 | ||||||
Matthews International Corp., Class A | 2,871 | 99,337 | ||||||
Quad/Graphics, Inc.A | 513,758 | 1,798,153 | ||||||
Steelcase, Inc., Class A | 36,496 | 501,820 | ||||||
US Ecology, Inc.A | 4,826 | 168,910 | ||||||
|
| |||||||
46,321,452 | ||||||||
|
| |||||||
Construction & Engineering - 3.46% | ||||||||
Comfort Systems USA, Inc. | 3,919 | 292,945 | ||||||
Construction Partners, Inc., Class AA | 90,663 | 3,044,464 | ||||||
Dycom Industries, Inc.A | 134,107 | 9,307,026 | ||||||
EMCOR Group, Inc. | 357,044 | 43,491,530 | ||||||
Fluor Corp.A | 2,837,960 | 47,280,414 | ||||||
Granite Construction, Inc. | 243,625 | 9,360,073 | ||||||
Great Lakes Dredge & Dock Corp.A | 38,318 | 590,097 | ||||||
MasTec, Inc.A B | 56,897 | 5,759,683 | ||||||
Matrix Service Co.A | 501,832 | 5,474,987 | ||||||
MYR Group, Inc.A | 3,040 | 290,715 | ||||||
Primoris Services Corp. | 1,572,319 | 47,012,338 | ||||||
Sterling Construction Co., Inc.A | 13,899 | 305,222 | ||||||
Tutor Perini Corp.A | 37,188 | 523,235 | ||||||
Valmont Industries, Inc. | 1,742 | 412,767 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) | ||||||||
Industrials - 21.61% (continued) | ||||||||
Construction & Engineering - 3.46% (continued) | ||||||||
WillScot Mobile Mini Holdings Corp.A | 1,196,202 | $ | 34,342,959 | |||||
|
| |||||||
207,488,455 | ||||||||
|
| |||||||
Electrical Equipment - 1.74% | ||||||||
Acuity Brands, Inc. | 1,423 | 249,566 | ||||||
Array Technologies, Inc.A | 544,076 | 7,366,789 | ||||||
Atkore, Inc.A | 87,852 | 6,598,564 | ||||||
AZZ, Inc. | 9,519 | 504,412 | ||||||
Encore Wire Corp. | 285,832 | 22,417,804 | ||||||
EnerSys | 182,455 | 18,001,010 | ||||||
GrafTech International Ltd. | 2,473,679 | 28,125,730 | ||||||
nVent Electric PLC | 337,427 | 10,666,067 | ||||||
Powell Industries, Inc. | 8,976 | 261,112 | ||||||
Preformed Line Products Co. | 3,223 | 220,840 | ||||||
Regal Beloit Corp. | 64,063 | 9,431,996 | ||||||
Thermon Group Holdings, Inc.A | 33,340 | 555,444 | ||||||
|
| |||||||
104,399,334 | ||||||||
|
| |||||||
Machinery - 6.83% | ||||||||
Allison Transmission Holdings, Inc. | 1,093,268 | 43,632,326 | ||||||
Altra Industrial Motion Corp. | 842 | 52,777 | ||||||
Astec Industries, Inc. | 124,078 | 7,607,222 | ||||||
Barnes Group, Inc. | 302 | 15,302 | ||||||
Blue Bird Corp.A | 18,226 | 455,650 | ||||||
Colfax Corp.A | 708,819 | 32,520,616 | ||||||
Crane Co. | 233,589 | 22,711,858 | ||||||
Energy Recovery, Inc.A | 328,132 | 6,939,992 | ||||||
Enerpac Tool Group Corp. | 884,241 | 22,698,466 | ||||||
EnPro Industries, Inc. | 340,133 | 31,673,185 | ||||||
Federal Signal Corp. | 895,972 | 35,489,451 | ||||||
Flowserve Corp. | 5,590 | 235,283 | ||||||
Gorman-Rupp Co. | 80,295 | 2,865,729 | ||||||
Graham Corp. | 11,961 | 163,746 | ||||||
Greenbrier Cos., Inc. | 1,202,290 | 51,458,012 | ||||||
Hillenbrand, Inc. | 417,991 | 18,934,992 | ||||||
Hyster-Yale Materials Handling, Inc. | 81,389 | 5,830,708 | ||||||
Kennametal, Inc. | 902,085 | 32,700,581 | ||||||
L B Foster Co., Class AA | 300 | 5,448 | ||||||
Lindsay Corp. | 43,636 | 7,011,869 | ||||||
Meritor, Inc.A | 859,850 | 20,920,150 | ||||||
Miller Industries, Inc. | 229,587 | 8,611,808 | ||||||
Mueller Industries, Inc. | 9,042 | 392,423 | ||||||
Mueller Water Products, Inc., Class A | 22,026 | 326,425 | ||||||
Oshkosh Corp. | 52,293 | 6,251,628 | ||||||
REV Group, Inc. | 5,036 | 76,094 | ||||||
Rexnord Corp. | 111,133 | 6,260,122 | ||||||
Shyft Group, Inc. | 245,682 | 9,689,698 | ||||||
Timken Co. | 248,569 | 19,761,236 | ||||||
TriMas Corp.A | 5,598 | 183,167 | ||||||
Trinity Industries, Inc. | 238,632 | 6,469,314 | ||||||
Wabash National Corp. | 527,339 | 7,720,243 | ||||||
|
| |||||||
409,665,521 | ||||||||
|
| |||||||
Marine - 0.76% | ||||||||
Costamare, Inc. | 8,021 | 86,948 | ||||||
Kirby Corp.A | 615,852 | 35,663,989 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) |
| |||||||
Industrials - 21.61% (continued) |
| |||||||
Marine - 0.76% (continued) |
| |||||||
Matson, Inc. | 148,468 | $ | 9,965,172 | |||||
|
| |||||||
45,716,109 | ||||||||
|
| |||||||
Professional Services - 2.08% | ||||||||
BGSF, Inc. | 13,706 | 172,970 | ||||||
CBIZ, Inc.A | 7,625 | 246,592 | ||||||
FTI Consulting, Inc.A | 1,834 | 267,214 | ||||||
GP Strategies Corp.A | 11,078 | 225,437 | ||||||
Heidrick & Struggles International, Inc. | 13,609 | 581,240 | ||||||
Hudson Global, Inc.A | 60,974 | 1,085,337 | ||||||
Huron Consulting Group, Inc.A | 125,029 | 6,142,675 | ||||||
KBR, Inc. | 1,877,392 | 72,655,070 | ||||||
Kelly Services, Inc., Class AA | 19,417 | 425,621 | ||||||
Korn Ferry | 522,366 | 35,907,439 | ||||||
Resources Connection, Inc. | 27,688 | 428,887 | ||||||
Science Applications International Corp. | 69,229 | 6,043,692 | ||||||
TrueBlue, Inc.A | 21,475 | 583,905 | ||||||
|
| |||||||
124,766,079 | ||||||||
|
| |||||||
Road & Rail - 0.34% | ||||||||
ArcBest Corp. | 72,718 | 4,298,361 | ||||||
Heartland Express, Inc. | 7,400 | 126,022 | ||||||
Schneider National, Inc., Class B | 8,204 | 184,098 | ||||||
Universal Logistics Holdings, Inc. | 11,563 | 266,527 | ||||||
Werner Enterprises, Inc. | 342,162 | 15,640,225 | ||||||
|
| |||||||
20,515,233 | ||||||||
|
| |||||||
Trading Companies & Distributors - 1.74% | ||||||||
Air Lease Corp. | 268,868 | 11,389,248 | ||||||
Beacon Roofing Supply, Inc.A | 229,242 | 12,259,862 | ||||||
BlueLinx Holdings, Inc.A | 4,500 | 193,320 | ||||||
Boise Cascade Co. | 196,610 | 10,056,601 | ||||||
DXP Enterprises, Inc.A | 12,399 | 404,827 | ||||||
GATX Corp.B | 32,482 | 2,996,464 | ||||||
H&E Equipment Services, Inc. | 4,091 | 139,217 | ||||||
Herc Holdings, Inc.A | 322 | 39,941 | ||||||
McGrath RentCorp | 106,097 | 8,320,127 | ||||||
MSC Industrial Direct Co., Inc., Class A | 100,369 | 8,949,904 | ||||||
NOW, Inc.A | 1,063,276 | 10,494,534 | ||||||
Rush Enterprises, Inc., Class A | 219,297 | 10,304,766 | ||||||
Titan Machinery, Inc.A | 92,007 | 2,624,960 | ||||||
Triton International Ltd. | 248,945 | 13,141,807 | ||||||
Univar Solutions, Inc.A | 504,148 | 12,371,792 | ||||||
WESCO International, Inc.A | 5,586 | 594,630 | ||||||
|
| |||||||
104,282,000 | ||||||||
|
| |||||||
Total Industrials | 1,296,728,008 | |||||||
|
| |||||||
Information Technology - 11.64% | ||||||||
Communications Equipment - 1.67% | ||||||||
ADTRAN, Inc. | 511,329 | 11,458,883 | ||||||
Calix, Inc.A | 122,477 | 5,729,474 | ||||||
Casa Systems, Inc.A | 102,760 | 771,728 | ||||||
Ciena Corp.A | 400,159 | 23,265,244 | ||||||
CommScope Holding Co., Inc.A | 337,402 | 7,139,426 | ||||||
Comtech Telecommunications Corp. | 20,560 | 513,383 | ||||||
Extreme Networks, Inc.A | 609,946 | 6,715,505 | ||||||
Infinera Corp.A B | 3,137,149 | 31,089,147 | ||||||
NETGEAR, Inc.A | 198,289 | 6,791,398 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) | ||||||||
Information Technology - 11.64% (continued) | ||||||||
Communications Equipment - 1.67% (continued) | ||||||||
NetScout Systems, Inc.A | 4,209 | $ | 121,051 | |||||
Viasat, Inc.A | 133,609 | 6,632,351 | ||||||
|
| |||||||
100,227,590 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components - 3.73% | ||||||||
Advanced Energy Industries, Inc. | 72,611 | 7,533,391 | ||||||
Arrow Electronics, Inc.A | 46,136 | 5,470,346 | ||||||
Avnet, Inc. | 862,173 | 35,624,988 | ||||||
Belden, Inc. | 248,401 | 12,171,649 | ||||||
Benchmark Electronics, Inc. | 65,359 | 1,725,478 | ||||||
Daktronics, Inc.A | 2,848 | 17,401 | ||||||
ePlus, Inc.A | 2,971 | 274,699 | ||||||
FabrinetA | 140,011 | 13,233,840 | ||||||
FARO Technologies, Inc.A | 332,802 | 24,257,938 | ||||||
II-VI, Inc.A B | 522,354 | 36,465,533 | ||||||
Insight Enterprises, Inc.A | 5,647 | 566,846 | ||||||
Kimball Electronics, Inc.A | 16,049 | 327,239 | ||||||
Methode Electronics, Inc. | 128,692 | 6,155,338 | ||||||
nLight, Inc.A | 162,554 | 5,638,998 | ||||||
PC Connection, Inc. | 9,565 | 454,912 | ||||||
Plexus Corp.A | 2,123 | 191,749 | ||||||
Rogers Corp.A | 151,702 | 28,914,401 | ||||||
Sanmina Corp.A | 429,103 | 16,486,137 | ||||||
ScanSource, Inc.A | 21,970 | 606,152 | ||||||
TTM Technologies, Inc.A | 198,282 | 2,773,965 | ||||||
Vishay Intertechnology, Inc. | 674,048 | 14,916,682 | ||||||
Vishay Precision Group, Inc.A | 277,278 | 10,073,510 | ||||||
|
| |||||||
223,881,192 | ||||||||
|
| |||||||
IT Services - 1.52% | ||||||||
Alliance Data Systems Corp. | 92,778 | 8,651,549 | ||||||
BM Technologies, Inc.A B | 7,762 | 77,853 | ||||||
Cass Information Systems, Inc. | 11,872 | 523,436 | ||||||
Conduent, Inc.A | 5,376 | 36,073 | ||||||
CSG Systems International, Inc. | 173,281 | 7,860,026 | ||||||
Euronet Worldwide, Inc.A | 242,365 | 34,614,569 | ||||||
ExlService Holdings, Inc.A | 121,306 | 13,734,265 | ||||||
MAXIMUS, Inc. | 116,818 | 10,396,802 | ||||||
Sabre Corp.A B | 1,229,354 | 14,494,084 | ||||||
Sykes Enterprises, Inc.A | 9,965 | 534,722 | ||||||
|
| |||||||
90,923,379 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment - 3.65% | ||||||||
Amkor Technology, Inc. | 788,998 | 19,440,911 | ||||||
Brooks Automation, Inc. | 340,533 | 30,310,842 | ||||||
Canadian Solar, Inc.A B | 67,761 | 2,727,380 | ||||||
Cohu, Inc.A | 823,197 | 29,149,406 | ||||||
Diodes, Inc.A | 1,037,430 | 85,069,260 | ||||||
Ichor Holdings Ltd.A | 1,579 | 81,429 | ||||||
Kulicke & Soffa Industries, Inc. | 164,119 | 8,921,509 | ||||||
MaxLinear, Inc.A | 129,324 | 6,237,296 | ||||||
NVE Corp. | 3,850 | 289,019 | ||||||
Photronics, Inc.A | 1,247,259 | 16,675,853 | ||||||
Semtech Corp.A | 547 | 33,865 | ||||||
Tower Semiconductor Ltd.A | 339,529 | 9,455,883 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) |
| |||||||
Information Technology - 11.64% (continued) |
| |||||||
Semiconductors & Semiconductor Equipment - 3.65% (continued) |
| |||||||
Ultra Clean Holdings, Inc.A | 197,294 | $ | 10,655,849 | |||||
|
| |||||||
219,048,502 | ||||||||
|
| |||||||
Software - 0.77% | ||||||||
A10 Networks, Inc.A | 503,671 | 6,431,879 | ||||||
Ebix, Inc.B | 8,924 | 269,683 | ||||||
InterDigital, Inc. | 256 | 16,868 | ||||||
Progress Software Corp. | 368,138 | 16,783,411 | ||||||
WM Technology, Inc.A B | 363,908 | 4,967,344 | ||||||
Xperi Holding Corp. | 331,330 | 6,881,724 | ||||||
Zuora, Inc., Class AA | 640,512 | 11,074,453 | ||||||
|
| |||||||
46,425,362 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals - 0.30% | ||||||||
Diebold Nixdorf, Inc.A | 18,242 | 189,899 | ||||||
Super Micro Computer, Inc.A | 67,295 | 2,559,902 | ||||||
Xerox Holdings Corp. | 622,488 | 15,020,636 | ||||||
|
| |||||||
17,770,437 | ||||||||
|
| |||||||
Total Information Technology | 698,276,462 | |||||||
|
| |||||||
Materials - 4.53% | ||||||||
Chemicals - 1.02% | ||||||||
AdvanSix, Inc.A | 6,672 | 223,178 | ||||||
American Vanguard Corp. | 23,904 | 394,655 | ||||||
Avient Corp. | 1,517 | 73,605 | ||||||
Cabot Corp. | 159,581 | 8,786,530 | ||||||
Chemours Co. | 305,854 | 10,169,646 | ||||||
ECOVYST, Inc. | 27,906 | 434,217 | ||||||
FutureFuel Corp. | 8,494 | 72,199 | ||||||
GCP Applied Technologies, Inc.A | 2,800 | 65,100 | ||||||
Hawkins, Inc. | 4,247 | 154,209 | ||||||
HB Fuller Co. | 5,686 | 367,429 | ||||||
Ingevity Corp.A | 1,116 | 94,793 | ||||||
Kraton Corp.A | 127,264 | 4,860,212 | ||||||
Livent Corp.A B | 312,228 | 6,091,568 | ||||||
Minerals Technologies, Inc. | 182,324 | 14,626,031 | ||||||
Orion Engineered Carbons SAA | 498,171 | 9,006,932 | ||||||
Quaker Chemical Corp. | 527 | 132,667 | ||||||
Tredegar Corp. | 20,558 | 268,693 | ||||||
Trinseo SA | 10,404 | 565,561 | ||||||
Tronox Holdings PLC, Class A | 257,633 | 4,748,176 | ||||||
Westlake Chemical Partners LP, MLP | 9,023 | 241,095 | ||||||
WR Grace & Co. | 900 | 62,640 | ||||||
|
| |||||||
61,439,136 | ||||||||
|
| |||||||
Construction Materials - 0.17% | ||||||||
Eagle Materials, Inc. | 72,711 | 10,275,518 | ||||||
|
| |||||||
Containers & Packaging - 0.31% | ||||||||
Graphic Packaging Holding Co. | 608,350 | 11,662,070 | ||||||
O-I Glass, Inc.A | 471,537 | 6,974,032 | ||||||
|
| |||||||
18,636,102 | ||||||||
|
| |||||||
Metals & Mining - 2.94% | ||||||||
Alamos Gold, Inc., Class AB | 1,900,751 | 15,434,098 | ||||||
Allegheny Technologies, Inc.A | 1,765,134 | 36,238,201 | ||||||
Carpenter Technology Corp. | 365,103 | 13,928,679 | ||||||
Coeur Mining, Inc.A | 706,258 | 5,325,185 | ||||||
Commercial Metals Co. | 695,457 | 22,810,990 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) |
| |||||||
Materials - 4.53% (continued) |
| |||||||
Metals & Mining - 2.94% (continued) |
| |||||||
Compass Minerals International, Inc. | 6,000 | $ | 411,360 | |||||
Elah Holdings, Inc.A | 3,530 | 349,470 | ||||||
Ferroglobe PLCA | 1,823,721 | 11,015,275 | ||||||
Ferroglobe Representation & Warranty InsuranceC D | 2,123,070 | — | ||||||
Hecla Mining Co. | 968,547 | 6,479,579 | ||||||
Kaiser Aluminum Corp. | 4,161 | 506,311 | ||||||
Materion Corp. | 297,916 | 21,259,286 | ||||||
MP Materials Corp.A | 282,710 | 10,635,550 | ||||||
New Gold, Inc.A | 1,302,497 | 2,136,095 | ||||||
Ryerson Holding Corp.A | 3,300 | 51,909 | ||||||
Schnitzer Steel Industries, Inc., Class A | 225,733 | 11,832,924 | ||||||
Warrior Met Coal, Inc. | 14,188 | 264,890 | ||||||
Worthington Industries, Inc. | 236,712 | 15,142,467 | ||||||
Yamana Gold, Inc. | 557,045 | 2,501,132 | ||||||
|
| |||||||
176,323,401 | ||||||||
|
| |||||||
Paper & Forest Products - 0.09% | ||||||||
Domtar Corp.A | 2,769 | 152,046 | ||||||
Glatfelter Corp. | 16,581 | 252,529 | ||||||
Mercer International, Inc. | 27,255 | 316,976 | ||||||
Neenah, Inc. | 2,438 | 122,558 | ||||||
Schweitzer-Mauduit International, Inc. | 113,716 | 4,472,450 | ||||||
|
| |||||||
5,316,559 | ||||||||
|
| |||||||
Total Materials | 271,990,716 | |||||||
|
| |||||||
Real Estate - 4.66% | ||||||||
Equity Real Estate Investment Trusts (REITs) - 3.95% | ||||||||
Agree Realty Corp. | 151,246 | 11,366,137 | ||||||
Alexander’s, Inc. | 1,844 | 514,181 | ||||||
Apple Hospitality REIT, Inc. | 444,387 | 6,643,586 | ||||||
Brandywine Realty Trust | 964,180 | 13,459,953 | ||||||
CareTrust REIT, Inc. | 804,727 | 19,410,015 | ||||||
Corporate Office Properties Trust | 450,365 | 13,258,746 | ||||||
DiamondRock Hospitality Co.A | 436,415 | 3,757,533 | ||||||
Equity Commonwealth | 201,199 | 5,289,522 | ||||||
GEO Group, Inc.B | 9,981 | 69,068 | ||||||
Highwoods Properties, Inc. | 120,364 | 5,740,159 | ||||||
Industrial Logistics Properties Trust | 170,707 | 4,626,160 | ||||||
Kite Realty Group Trust | 316,591 | 6,382,475 | ||||||
Lexington Realty Trust | 2,099,137 | 27,603,652 | ||||||
MGM Growth Properties LLC, Class A | 245,678 | 9,286,628 | ||||||
Pebblebrook Hotel Trust | 262,683 | 5,907,741 | ||||||
Physicians Realty Trust | 537,402 | 10,183,768 | ||||||
Piedmont Office Realty Trust, Inc., Class A | 732,173 | 13,925,930 | ||||||
PotlatchDeltic Corp. | 169,595 | 8,808,764 | ||||||
Rayonier, Inc. | 254,379 | 9,592,632 | ||||||
Retail Opportunity Investments Corp. | 576,462 | 10,186,084 | ||||||
RLJ Lodging Trust | 1,404 | 20,147 | ||||||
Seritage Growth Properties, Class AA B | 1,141,313 | 18,112,637 | ||||||
STAG Industrial, Inc.B | 134,232 | 5,546,466 | ||||||
Sunstone Hotel Investors, Inc.A | 831,608 | 9,596,756 | ||||||
Terreno Realty Corp. | 101,183 | 6,916,870 | ||||||
Urban Edge Properties | 557,103 | 10,584,957 | ||||||
|
| |||||||
236,790,567 | ||||||||
|
| |||||||
Real Estate Management & Development - 0.71% | ||||||||
Howard Hughes Corp.A | 101,497 | 9,409,787 |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
COMMON STOCKS - 97.37% (continued) |
| |||||||
Real Estate - 4.66% (continued) |
| |||||||
Real Estate Management & Development - 0.71% (continued) |
| |||||||
Newmark Group, Inc., Class A | 1,027,414 | $ | 13,233,092 | |||||
RE/MAX Holdings, Inc., Class A | 12,046 | 413,178 | ||||||
Realogy Holdings Corp.A | 381,105 | 6,753,180 | ||||||
RMR Group, Inc., Class A | 326,353 | 12,806,092 | ||||||
|
| |||||||
42,615,329 | ||||||||
|
| |||||||
Total Real Estate | 279,405,896 | |||||||
|
| |||||||
Utilities - 2.53% | ||||||||
Electric Utilities - 0.85% | ||||||||
ALLETE, Inc. | 7,560 | 531,619 | ||||||
Hawaiian Electric Industries, Inc. | 183,609 | 7,957,614 | ||||||
Otter Tail Corp. | 10,595 | 538,120 | ||||||
PNM Resources, Inc. | 10,517 | 508,287 | ||||||
Portland General Electric Co. | 845,301 | 41,335,219 | ||||||
|
| |||||||
50,870,859 | ||||||||
|
| |||||||
Gas Utilities - 0.69% | ||||||||
Chesapeake Utilities Corp. | 59,782 | 7,448,239 | ||||||
National Fuel Gas Co. | 246,910 | 12,698,581 | ||||||
South Jersey Industries, Inc.B | 21,725 | 546,818 | ||||||
Southwest Gas Holdings, Inc. | 282,683 | 19,768,022 | ||||||
Spire, Inc. | 7,175 | 509,066 | ||||||
Star Group LP | 18,269 | 215,392 | ||||||
Suburban Propane Partners LP, MLP | 2,753 | 44,544 | ||||||
|
| |||||||
41,230,662 | ||||||||
|
| |||||||
Multi-Utilities - 0.99% | ||||||||
Avista Corp. | 1,013,914 | 43,425,937 | ||||||
NorthWestern Corp. | 260,508 | 16,148,891 | ||||||
|
| |||||||
59,574,828 | ||||||||
|
| |||||||
Total Utilities | 151,676,349 | |||||||
|
| |||||||
Total Common Stocks (Cost $4,303,969,562) | 5,842,262,227 | |||||||
|
| |||||||
EXCHANGE-TRADED INSTRUMENTS - 0.09% (Cost $5,367,103) | ||||||||
Exchange-Traded Funds - 0.09% | ||||||||
iShares Russell 2000 Value ETF | 33,757 | 5,399,770 | ||||||
|
| |||||||
SHORT-TERM INVESTMENTS - 2.31% (Cost $138,912,144) | ||||||||
Investment Companies - 2.31% | ||||||||
American Beacon U.S. Government Money Market Select Fund, 0.01%E F | 138,912,144 | 138,912,144 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 0.08% (Cost $4,977,233) | ||||||||
Investment Companies - 0.08% | ||||||||
American Beacon U.S. Government Money Market Select Fund, 0.01%E F | 4,977,233 | 4,977,233 | ||||||
|
| |||||||
TOTAL INVESTMENTS - 99.85% (Cost $4,453,226,042) | 5,991,551,374 | |||||||
OTHER ASSETS, NET OF LIABILITIES - 0.15% | 8,762,397 | |||||||
|
| |||||||
TOTAL NET ASSETS - 100.00% | $ | 6,000,313,771 | ||||||
|
|
Percentages are stated as a percent of net assets.
A | Non-income producing security. |
B | All or a portion of this security is on loan, collateralized by either cash and/or U.S. Treasuries, at July 31, 2021. |
C | Value was determined using significant unobservable inputs. |
See accompanying notes
American Beacon Small Cap Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
D | Fair valued pursuant to procedures approved by the Board of Trustees. At period end, the value of these securities amounted to $0 or 0.00% of net assets. |
E | The Fund is affiliated by having the same investment advisor. |
F | 7-day yield. |
ETF - Exchange-Traded Fund. |
LLC - Limited Liability Company. |
LP - Limited Partnership. |
MLP - Master Limited Partnership. |
PLC - Public Limited Company. |
Long Futures Contracts Open on July 31, 2021:
Equity Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount | Contract Value | Unrealized Appreciation (Depreciation) | |||||||||||
Russell 2000 E-Mini Index | 1,203 | September 2021 | $ | 136,098,722 | $ | 133,629,240 | $ | (2,469,482 | ) | |||||||
|
|
|
|
|
| |||||||||||
$ | 136,098,722 | $ | 133,629,240 | $ | (2,469,482 | ) | ||||||||||
|
|
|
|
|
|
The Fund’s investments are summarized by level based on the inputs used to determine their values. As of July 31, 2021, the investments were classified as described below:
Small Cap Value Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 5,842,262,227 | $ | — | $ | 0 | (1) | $ | 5,842,262,227 | |||||||
Exchange-Traded Instruments | 5,399,770 | — | — | 5,399,770 | ||||||||||||
Short-Term Investments | 138,912,144 | — | — | 138,912,144 | ||||||||||||
Securities Lending Collateral | 4,977,233 | — | — | 4,977,233 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities - Assets | $ | 5,991,551,374 | $ | — | $ | — | $ | 5,991,551,374 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Financial Derivative Instruments - Liabilities |
| |||||||||||||||
Futures Contracts | $ | (2,469,482 | ) | $ | — | $ | — | $ | (2,469,482 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Financial Derivative Instruments - Liabilities | $ | (2,469,482 | ) | $ | — | $ | — | $ | (2,469,482 | ) | ||||||
|
|
|
|
|
|
|
|
(1) | Investment held in the Fund’s Portfolio with $0 fair value. |
U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended July 31, 2021, there were no transfers into or out of Level 3.
See accompanying notes
American Beacon Tocqueville International Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
Australia - 2.23% (Cost $4,263,423) | ||||||||
Common Stocks - 2.23% | ||||||||
BHP Group Ltd., ADRA | 104,200 | $ | 8,185,952 | |||||
|
| |||||||
Austria - 0.50% (Cost $1,947,212) | ||||||||
Common Stocks - 0.50% | ||||||||
ams AGB C | 95,100 | 1,818,671 | ||||||
|
| |||||||
Belgium - 2.46% (Cost $6,414,791) | ||||||||
Common Stocks - 2.46% | ||||||||
Groupe Bruxelles Lambert SAC | 77,312 | 8,994,415 | ||||||
|
| |||||||
Canada - 3.64% | ||||||||
Common Stocks - 3.64% | ||||||||
Nutrien Ltd. | 98,000 | 5,821,200 | ||||||
Restaurant Brands International, Inc. | 110,000 | 7,500,900 | ||||||
|
| |||||||
Total Common Stocks | 13,322,100 | |||||||
|
| |||||||
Total Canada (Cost $10,564,374) | 13,322,100 | |||||||
|
| |||||||
China/Hong Kong - 3.20% | ||||||||
Common Stocks - 3.20% | ||||||||
Alibaba Group Holding Ltd., ADRB | 25,405 | 4,958,802 | ||||||
Shangri-La Asia Ltd.B C | 3,709,000 | 3,295,152 | ||||||
Swire Pacific Ltd., Class AC | 560,000 | 3,481,921 | ||||||
|
| |||||||
Total Common Stocks | 11,735,875 | |||||||
|
| |||||||
Total China/Hong Kong (Cost $12,687,207) | 11,735,875 | |||||||
|
| |||||||
France - 16.27% | ||||||||
Common Stocks - 16.27% | ||||||||
Accor SAB C | 147,200 | 5,212,295 | ||||||
Bollore SAC | 1,772,000 | 9,902,060 | ||||||
Bureau Veritas SAC | 315,998 | 10,430,581 | ||||||
EssilorLuxottica SAC | 61,494 | 11,607,343 | ||||||
Orpea SAC | 44,000 | 5,586,187 | ||||||
SanofiC | 78,000 | 8,037,749 | ||||||
Vivendi SEA C | 261,000 | 8,816,213 | ||||||
|
| |||||||
Total Common Stocks | 59,592,428 | |||||||
|
| |||||||
Total France (Cost $44,959,212) | 59,592,428 | |||||||
|
| |||||||
Germany - 16.18% | ||||||||
Common Stocks - 14.05% | ||||||||
adidas AGC | 24,000 | 8,718,419 | ||||||
Duerr AGC | 144,000 | 6,897,046 | ||||||
GEA Group AGC | 87,064 | 3,861,409 | ||||||
Infineon Technologies AGC | 255,000 | 9,722,926 | ||||||
KION Group AGC | 43,200 | 4,587,474 | ||||||
Siemens AG, ADR | 145,000 | 11,325,225 | ||||||
Software AGC | 130,900 | 6,332,386 | ||||||
|
| |||||||
Total Common Stocks | 51,444,885 | |||||||
|
| |||||||
Preferred Stocks - 2.13% | ||||||||
Henkel AG & Co. KGaAC D | 76,800 | 7,787,138 | ||||||
|
| |||||||
Total Germany (Cost $38,813,641) | 59,232,023 | |||||||
|
|
See accompanying notes
American Beacon Tocqueville International Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
Ireland - 3.02% (Cost $7,249,017) | ||||||||
Common Stocks - 3.02% | ||||||||
CRH PLCC | 222,200 | $ | 11,073,752 | |||||
|
| |||||||
Japan - 21.80% | ||||||||
Common Stocks - 21.80% | ||||||||
Amano Corp.C | 314,103 | 7,730,416 | ||||||
Asahi Group Holdings Ltd.C | 198,300 | 8,930,306 | ||||||
FANUC Corp.C | 39,700 | 8,891,291 | ||||||
Hitachi Ltd.C | 186,568 | 10,714,721 | ||||||
Hoya Corp.C | 55,600 | 7,850,227 | ||||||
Makita Corp.C | 156,500 | 8,120,556 | ||||||
Rohm Co. Ltd.C | 74,100 | 7,217,479 | ||||||
Sony Group Corp., ADR | 86,800 | 9,053,240 | ||||||
TBS Holdings, Inc.C | 353,500 | 5,323,017 | ||||||
Toyota Industries Corp.C | 71,800 | 6,018,310 | ||||||
|
| |||||||
Total Common Stocks | 79,849,563 | |||||||
|
| |||||||
Total Japan (Cost $54,546,423) | 79,849,563 | |||||||
|
| |||||||
Mexico - 3.16% | ||||||||
Common Stocks - 3.16% | ||||||||
Fomento Economico Mexicano SAB de CV, ADR | 65,900 | 5,757,683 | ||||||
Grupo Televisa SAB, ADR | 429,200 | 5,815,660 | ||||||
|
| |||||||
Total Common Stocks | 11,573,343 | |||||||
|
| |||||||
Total Mexico (Cost $7,930,048) | 11,573,343 | |||||||
|
| |||||||
Republic of Korea - 3.06% (Cost $5,361,805) | ||||||||
Preferred Stocks - 3.06% | ||||||||
Samsung Electronics Co. Ltd.C D | 178,800 | 11,223,775 | ||||||
|
| |||||||
South Africa - 1.18% (Cost $3,549,353) | ||||||||
Common Stocks - 1.18% | ||||||||
Impala Platinum Holdings Ltd.C | 240,900 | 4,341,396 | ||||||
|
| |||||||
Spain - 1.21% (Cost $4,567,170) | ||||||||
Common Stocks - 1.21% | ||||||||
Applus Services SAC | 460,500 | 4,434,400 | ||||||
|
| |||||||
Switzerland - 6.38% | ||||||||
Common Stocks - 6.38% | ||||||||
Alcon, Inc.A | 103,700 | 7,549,360 | ||||||
Novartis AG, ADR | 78,000 | 7,206,420 | ||||||
UBS Group AGA B | 522,460 | 8,610,141 | ||||||
|
| |||||||
Total Common Stocks | 23,365,921 | |||||||
|
| |||||||
Total Switzerland (Cost $18,099,860) | 23,365,921 | |||||||
|
| |||||||
Taiwan - 0.83% (Cost $1,158,352) | ||||||||
Common Stocks - 0.83% | ||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 26,100 | 3,044,304 | ||||||
|
| |||||||
United Kingdom - 13.66% | ||||||||
Common Stocks - 13.66% | ||||||||
BP PLC, ADR | 304,000 | 7,350,720 | ||||||
Diageo PLC, ADR | 48,000 | 9,514,080 | ||||||
HSBC Holdings PLC, ADRA | 198,000 | 5,458,860 | ||||||
IMI PLCC | 306,800 | 7,486,517 | ||||||
Johnson Matthey PLCC | 88,000 | 3,633,666 |
See accompanying notes
American Beacon Tocqueville International Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
Shares | Fair Value | |||||||
United Kingdom - 13.66% (continued) |
| |||||||
Common Stocks - 13.66% (continued) |
| |||||||
Smith & Nephew PLCC | 320,200 | $ | 6,526,942 | |||||
Smiths Group PLCC | 380,400 | 8,219,039 | ||||||
Unilever PLC, ADR | 32,000 | 1,840,960 | ||||||
|
| |||||||
Total Common Stocks | 50,030,784 | |||||||
|
| |||||||
Total United Kingdom (Cost $39,866,278) | 50,030,784 | |||||||
|
| |||||||
SHORT-TERM INVESTMENTS - 0.91% (Cost $3,324,218) | ||||||||
Investment Companies - 0.91% | ||||||||
American Beacon U.S. Government Money Market Select Fund, 0.01%E F | 3,324,218 | 3,324,218 | ||||||
|
| |||||||
SECURITIES LENDING COLLATERAL - 2.22% (Cost $8,117,180) | ||||||||
Investment Companies - 2.22% | ||||||||
American Beacon U.S. Government Money Market Select Fund, 0.01%E F | 8,117,180 | 8,117,180 | ||||||
|
| |||||||
TOTAL INVESTMENTS - 101.91% (Cost $273,419,564) | 373,260,100 | |||||||
LIABILITIES, NET OF OTHER ASSETS - (1.91%) | (7,010,888 | ) | ||||||
|
| |||||||
TOTAL NET ASSETS - 100.00% | $ | 366,249,212 | ||||||
|
|
Percentages are stated as a percent of net assets.
A | All or a portion of this security is on loan, collateralized by either cash and/or U.S. Treasuries, at July 31, 2021. |
B | Non-income producing security. |
C | Fair valued pursuant to procedures approved by the Board of Trustees. At period end, the value of these securities amounted to $252,825,195 or 69.03% of net assets. |
D | A type of Preferred Stock that has no maturity date. |
E | The Fund is affiliated by having the same investment advisor. |
F | 7-day yield. |
ADR - American Depositary Receipt. |
PLC - Public Limited Company. |
The Fund’s investments are summarized by level based on the inputs used to determine their values. As of July 31, 2021, the investments were classified as described below:
Tocqueville International Value Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets | ||||||||||||||||
Foreign Common Stocks |
| |||||||||||||||
Australia | $ | 8,185,952 | $ | — | $ | — | $ | 8,185,952 | ||||||||
Austria | — | 1,818,671 | — | 1,818,671 | ||||||||||||
Belgium | — | 8,994,415 | — | 8,994,415 | ||||||||||||
Canada | 13,322,100 | — | — | 13,322,100 | ||||||||||||
China/Hong Kong | 4,958,802 | 6,777,073 | — | 11,735,875 | ||||||||||||
France | — | 59,592,428 | — | 59,592,428 | ||||||||||||
Germany | 11,325,225 | 40,119,660 | — | 51,444,885 | ||||||||||||
Ireland | — | 11,073,752 | — | 11,073,752 | ||||||||||||
Japan | 9,053,240 | 70,796,323 | — �� | 79,849,563 | ||||||||||||
Mexico | 11,573,343 | — | — | 11,573,343 | ||||||||||||
South Africa | — | 4,341,396 | — | 4,341,396 | ||||||||||||
Spain | — | 4,434,400 | — | 4,434,400 | ||||||||||||
Switzerland | 23,365,921 | — | — | 23,365,921 | ||||||||||||
Taiwan | 3,044,304 | — | — | 3,044,304 |
See accompanying notes
American Beacon Tocqueville International Value FundSM
Schedule of Investments
July 31, 2021 (Unaudited)
United Kingdom | 24,164,620 | 25,866,164 | — | 50,030,784 | ||||||||||||
Foreign Preferred Stocks |
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Germany | — | 7,787,138 | — | 7,787,138 | ||||||||||||
Republic of Korea | — | 11,223,775 | — | 11,223,775 | ||||||||||||
Short-Term Investments | 3,324,218 | — | — | 3,324,218 | ||||||||||||
Securities Lending Collateral | 8,117,180 | — | — | 8,117,180 | ||||||||||||
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Total Investments in Securities - Assets | $ | 120,434,905 | $ | 252,825,195 | $ | — | $ | 373,260,100 | ||||||||
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U.S. GAAP requires transfers between all levels to/from level 3 be disclosed. During the period ended July 31, 2021, there were no transfers into or out of Level 3.
See accompanying notes
American Beacon FundsSM
Supplementary Notes to Schedules of Investments
July 31, 2021 (Unaudited)
Organization
American Beacon Funds (the “Trust”) is organized as a Massachusetts business trust. As of July 31, 2021, the Trust consists of twenty-eight active series, seven of which are presented in this filing: American Beacon Balanced Fund, American Beacon Garcia Hamilton Quality Bond Fund, American Beacon International Equity Fund, American Beacon Large Cap Value Fund, American Beacon Mid-Cap Value Fund, American Beacon Small Cap Value Fund, and American Beacon Tocqueville International Value Fund (collectively the “Funds” and each individually a “Fund”). The Funds, each a series within the Trust, are registered under the Investment Company Act of 1940, as amended (the “Act”), as diversified, open-end management investment companies. The remaining twenty-one active series are reported in separate filings.
American Beacon Advisors, Inc. (the “Manager”) is a Delaware corporation and a wholly-owned subsidiary of Resolute Investment Managers, Inc. (“RIM”) organized in 1986 to provide business management, advisory, administrative, and asset management consulting services to the Trust and other investors. The Manager is registered as an investment advisor under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). RIM is, in turn, a wholly-owned subsidiary of Resolute Acquisition, Inc., which is a wholly-owned subsidiary of Resolute Topco, Inc., a wholly-owned subsidiary of Resolute Investment Holdings, LLC (“RIH”). RIH is owned primarily by Kelso Investment Associates VIII, L.P., KEP VI, LLC and Estancia Capital Partners L.P., investment funds affiliated with Kelso & Company, L.P. (“Kelso”) or Estancia Capital Management, LLC (“Estancia”), which are private equity firms.
Recently Adopted Accounting Pronouncements
In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, which provides optional expedients and exceptions for contracts, hedging relationships and other transactions affected by the transitioning away from the London Interbank Offered Rate (“LIBOR”) and other reference rates that are expected to be discontinued. The amendments in this ASU are effective for all entities as of March 12, 2020 through December 31, 2022. At this time, management is evaluating the implications of these changes on the financial statements.
In October 2020, the U.S. Securities and Exchange Commission (“SEC”) adopted new regulations governing the use of derivatives by registered investment companies. Rule 18f-4 will impose limits on the amount of derivatives a fund could enter into, eliminate the asset segregation framework currently used by funds to comply with Section 18 of the Act, and require funds whose use of derivatives is more than a limited specified exposure to establish and maintain a derivatives risk management program and appoint a derivatives risk manager. While the new rule became effective February 19, 2021, funds will not be required to fully comply with the new rule until August 19, 2022. It is not currently clear what impact, if any, the new rule will have on the availability, liquidity or performance of derivatives. When fully implemented, the new rule may require changes in how a Fund will use derivatives, may adversely affect a Fund’s performance and may increase costs related to a Fund’s use of derivatives.
Security Valuation and Fair Value Measurements
The price of the Fund’s shares is based on its net asset value (“NAV”) per share. The Fund’s NAV is computed by adding total assets, subtracting all the Fund’s liabilities, and dividing the result by the total number of shares outstanding.
The NAV of each class of the Fund’s shares is determined based on a pro rata allocation of the Fund’s investment income, expenses and total capital gains and losses. The Fund’s NAV per share is determined each business day as of the regular close of trading on the New York Stock Exchange (“NYSE” or “Exchange”), which is typically 4:00
American Beacon FundsSM
Supplementary Notes to Schedules of Investments
July 31, 2021 (Unaudited)
p.m. Eastern Time (“ET”). However, if trading on the NYSE closes at a time other than 4:00 p.m. ET, the Fund’s NAV per share typically would still be determined as of the regular close of trading on the NYSE. The Fund does not price its shares on days that the NYSE is closed. Foreign exchanges may permit trading in foreign securities on days when the Fund is not open for business, which may result in the value of the Fund’s portfolio investments being affected at a time when you are unable to buy or sell shares.
Equity securities, including shares of closed-end funds and exchange-traded funds (“ETFs”), are valued at the last sale price or official closing price taken from the primary exchange in which each security trades. Investments in other mutual funds are valued at the closing NAV per share on the day of valuation. Debt securities are valued at bid quotes from broker/dealers or evaluated bid prices from pricing services, who may consider a number of inputs and factors, such as prices of comparable securities, yield curves, spreads, credit ratings, coupon rates, maturity, default rates, and underlying collateral. Futures are valued based on their daily settlement prices. Exchange-traded and over-the-counter (“OTC”) options are valued at the last sale price. Options with no last sale for the day are priced at mid quote. Swaps are valued at evaluated mid prices from pricing services.
The valuation of securities traded on foreign markets and certain fixed-income securities will generally be based on prices determined as of the earlier closing time of the markets on which they primarily trade unless a significant event has occurred. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. ET.
Securities may be valued at fair value, as determined in good faith and pursuant to procedures approved by the Board, under certain limited circumstances. For example, fair value pricing will be used when market quotations are not readily available or reliable, as determined by the Manager, such as when (i) trading for a security is restricted or stopped; (ii) a security’s trading market is closed (other than customary closings); or (iii) a security has been de-listed from a national exchange. A security with limited market liquidity may require fair value pricing if the Manager determines that the available price does not reflect the security’s true market value. In addition, if a significant event that the Manager determines to affect the value of one or more securities held by the Fund occurs after the close of a related exchange but before the determination of the Fund’s NAV, fair value pricing may be used on the affected security or securities. Securities of small-capitalization companies are also more likely to require a fair value determination using these procedures because they are more thinly traded and less liquid than the securities of larger-capitalization companies. The Fund may fair value securities as a result of significant events occurring after the close of the foreign markets in which the Fund invests as described below. In addition, the Fund may invest in illiquid securities requiring these procedures.
The Fund may use fair value pricing for securities primarily traded in non-U.S. markets because most foreign markets close well before the Fund’s pricing time of 4:00 p.m. ET. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. If the Manager determines that the last quoted prices of non-U.S. securities will, in its judgment, materially affect the value of some or all its portfolio securities, the Manager can adjust the previous closing prices to reflect what it believes to be the fair value of the securities as of the close of the Exchange. In deciding whether it is necessary to adjust closing prices to reflect fair value, the Manager reviews a variety of factors, including developments in foreign markets, the performance of U.S. securities markets, and the performance of instruments trading in U.S. markets that represent foreign securities and baskets of foreign securities. These securities are fair valued using a pricing service, using methods approved by the Board, that considers the correlation of the trading patterns of the foreign security to intraday trading in the U.S. markets, based on indices of domestic securities and other appropriate indicators such as prices of relevant American Depositary Receipts (“ADRs”) and futures contracts. The Valuation Committee, established by the Board, may also fair value securities in other situations, such as when a particular foreign market is closed but the Fund is open. The Fund uses outside pricing services to provide closing prices and information to evaluate and/or adjust those prices. As a means of evaluating its
American Beacon FundsSM
Supplementary Notes to Schedules of Investments
July 31, 2021 (Unaudited)
security valuation process, the Valuation Committee routinely compares closing prices, the next day’s opening prices in the same markets and adjusted prices.
Attempts to determine the fair value of securities introduce an element of subjectivity to the pricing of securities. As a result, the price of a security determined through fair valuation techniques may differ from the price quoted or published by other sources and may not accurately reflect the market value of the security when trading resumes. If a reliable market quotation becomes available for a security formerly valued through fair valuation techniques, the Manager compares the new market quotation to the fair value price to evaluate the effectiveness of the Fund’s fair valuation procedures. If any significant discrepancies are found, the Manager may adjust the Fund’s fair valuation procedures.
Valuation Inputs
Various inputs may be used to determine the fair value of the Funds’ investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1 - | Quoted prices in active markets for identical securities. | |
Level 2 - | Prices determined using other significant observable inputs. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, and others. | |
Level 3 - | Prices determined using other significant unobservable inputs. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in pricing an investment. |
Level 1 and Level 2 trading assets and trading liabilities, at fair value
Common stocks, ETFs, preferred securities, and financial derivative instruments, such as futures contracts that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy. Preferred securities and other equities traded on inactive markets or valued by reference to similar instruments are generally categorized as Level 2 of the fair value hierarchy. Valuation adjustments may be applied to certain securities that are solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the close of the Exchange. These securities are valued using pricing service providers that consider the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments. Securities using these valuation adjustments are categorized as Level 2 of the fair value hierarchy.
Fixed-income securities including corporate, convertible and municipal bonds and notes, U.S. government agencies, U.S. Treasury obligations, sovereign issues, bank loans, convertible preferred securities, and non-U.S. bonds are normally valued by pricing service providers that use broker dealer quotations, reported trades or valuation estimates from their internal pricing models. The service providers’ internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates, and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. Fixed-income securities purchased on a delayed-delivery basis are marked-to-market daily until settlement at the forward settlement date and are categorized as Level 2 of the fair value hierarchy.
American Beacon FundsSM
Supplementary Notes to Schedules of Investments
July 31, 2021 (Unaudited)
Mortgage-related and asset-backed securities (“ABS”) are usually issued as separate tranches, or classes, of securities within each deal. These securities are also normally valued by pricing service providers that use broker-dealer quotations or valuation estimates from their internal pricing models. The pricing models for these securities usually consider tranche-level attributes, current market data, estimated cash flows, and market-based yield spreads for each tranche, and incorporates deal collateral performance, as available. Mortgage-related and ABS that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.
Investments in registered open-end investment management companies will be valued based upon the NAVs of such investments and are categorized as Level 1 of the fair value hierarchy.
OTC financial derivative instruments, such as forward foreign currency contracts, options contracts, or swap agreements, derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These contracts are normally valued on the basis of broker dealer quotations or pricing service providers. Depending on the product and the terms of the transaction, the fair value of the financial derivative contracts can be estimated by a pricing service provider using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, curves, dividends, and exchange rates. Financial derivatives that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.
Level 3 trading assets and trading liabilities, at fair value
The valuation techniques and significant inputs used in determining the fair values of financial instruments classified as Level 3 of the fair value hierarchy are as follows.
Securities and other assets for which market quotes are not readily available are valued at fair value as determined in good faith by the Board or persons acting at their direction and may be categorized as Level 3 of the fair value hierarchy.
Market quotes are considered not readily available in circumstances where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the Exchange close, that materially affect the values of the Fund’s securities or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities trade, do not open for trading for the entire day and no other market prices are available. The Board has delegated to the Manager the responsibility for monitoring significant events that may materially affect the fair values of a Fund’s securities or assets and for determining whether the value of the applicable securities or assets should be re-evaluated in light of such significant events.
The Board has adopted methods for valuing securities and other assets in circumstances where market quotes are not readily available, and has delegated the responsibility for applying the valuation methods to the Manager. For instances in which daily market quotes are not readily available, investments may be valued pursuant to guidelines established by the Board. In the event that the security or asset cannot be valued, pursuant to one of the valuation methods established by the Board, the fair value of the security or asset will be determined in good faith by the Valuation Committee, generally based upon recommendations provided by the Manager.
When a Fund uses fair valuation methods applied by the Manager that use significant unobservable inputs to determine its NAV, the securities priced using this methodology are categorized as Level 3 of the fair value hierarchy. These methods may require subjective determinations about the value of a security. While the Trust’s policy is intended to result in a calculation of the Fund’s NAV that fairly reflects security values as of the time of pricing, the Trust cannot guarantee that values determined by the Board or persons acting at their direction would accurately
American Beacon FundsSM
Supplementary Notes to Schedules of Investments
July 31, 2021 (Unaudited)
reflect the price that a Fund could obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by a Fund may differ from the value that would be realized if the securities were sold.
Securities Lending
The Funds may lend their securities to qualified financial institutions, such as certain broker-dealers, to earn additional income. The borrowers are required to secure their loans continuously with collateral in an amount at least equal to the fair value of the securities loaned, initially in an amount at least equal to 102% of the fair value of domestic securities loaned and 105% of the fair value of international securities loaned. Collateral is monitored and marked-to-market daily. Daily mark-to-market amounts are required to be paid to the borrower or received from the borrower by the end of the following business day. This one day settlement for mark-to-market amounts may result in the collateral being temporarily less than the value of the securities on loan or temporarily more than the required minimum collateral.
To the extent that a loan is collateralized by cash, such cash collateral shall be invested by the securities lending agent (the “Agent”) in money market mutual funds and other short-term investments, provided the investments meet certain quality and diversification requirements. Securities purchased with cash collateral proceeds are listed in the Funds’ Schedules of Investments.
Securities lending income is generated from the demand premium (if any) paid by the borrower to borrow a specific security and from the return on investment of cash collateral, reduced by negotiated rebate fees paid to the borrower and transaction costs. To the extent that a loan is secured by non-cash collateral, securities lending income is generated as a demand premium reduced by transaction costs. The Funds, the Agent, and the Manager retained 80%, 10%, and 10%, respectively, of the income generated from securities lending.
While securities are on loan, the Funds continue to receive certain income associated with that security and any gain or loss in the market price that may occur during the term of the loan. In the case of domestic equities, the value of any dividend is received in the form of a substitute payment approximately equal to the dividend. In the case of foreign securities, a negotiated amount is received that is less than the actual dividend, but higher than the dividend amount minus the foreign tax that the Funds would be subject to on the dividend.
Securities lending transactions pose certain risks to the Funds, including that the borrower may not provide additional collateral when required or return the securities when due, that the value of the short-term investments will be less than the amount of cash collateral required to be returned to the borrower, that non-cash collateral may be subject to legal constraints in the event of a borrower bankruptcy, and that the cash collateral investments could become illiquid and unable to be used to return collateral to the borrower. The Funds could also experience delays and costs in gaining access to the collateral. The Funds bear the risk of any deficiency in the amount of the cash collateral available for return to the borrower and any action which impairs its ability to liquidate non-cash collateral to satisfy a borrower default.
As of July 31, 2021, the value of outstanding securities on loan and the value of collateral were as follows:
Fund | Market Value of Securities on Loan | Cash Collateral Received | Non-Cash Collateral Received | Total Collateral Received | ||||||||||||||||
Balanced | $ | 3,032,923 | $ | — | $ | 3,109,011 | $ | 3,109,011 | ||||||||||||
International Equity | 35,180,951 | 14,348,325 | 22,850,192 | 37,198,517 | ||||||||||||||||
Large Cap Value | 61,530,131 | 660,640 | 62,559,855 | 63,220,495 | ||||||||||||||||
Mid-Cap Value | 4,468,837 | — | 4,589,040 | 4,589,040 | ||||||||||||||||
Small Cap Value | 101,901,519 | 4,977,233 | 99,985,250 | 104,962,483 | ||||||||||||||||
Tocqueville International Value | 20,520,372 | 8,117,180 | 13,115,883 | 21,233,063 |
American Beacon FundsSM
Supplementary Notes to Schedules of Investments
July 31, 2021 (Unaudited)
Cash collateral is listed on the Funds’ Schedules of Investments.
Non-cash collateral received by the Funds may not be sold or re-pledged except to satisfy a borrower default. Therefore, non-cash collateral is not included on the Funds’ Schedules of Investments.
Federal Income and Excise Taxes
It is the policy of each Fund to qualify as a regulated investment company (“RIC”), by complying with all applicable provisions of Subchapter M of the Internal Revenue Code, as amended, and to make distributions of taxable income sufficient to relieve it from substantially all federal income and excise taxes. For federal income tax purposes, each Fund is treated as a single entity for the purpose of determining such qualification.
The Funds do not have any unrecorded tax liabilities. Each of the tax years in the four year period ended October 31, 2020 remain subject to examination by the Internal Revenue Service.
Cost of Investments for Federal Income Tax Purposes
As of July 31, 2021, the Funds’ cost of investments for federal income tax purposes were as follows:
Fund | Tax Cost | Unrealized Appreciation | Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | ||||||||||||
Balanced | $ | 153,880,074 | $ | 38,320,751 | $ | (1,487,099 | ) | $ | 36,833,652 | |||||||
Garcia Hamilton Quality Bond | 372,969,763 | 1,862,794 | (606,972 | ) | 1,255,822 | |||||||||||
International Equity | 2,034,242,782 | 357,728,217 | (112,479,280 | ) | 245,248,937 | |||||||||||
Large Cap Value | 2,693,010,572 | 1,446,012,005 | (31,700,005 | ) | 1,414,312,000 | |||||||||||
Mid-Cap Value | 141,047,708 | 70,617,846 | (3,103,830 | ) | 67,514,016 | |||||||||||
Small Cap Value | 4,453,226,042 | 1,705,869,537 | (167,544,205 | ) | 1,538,325,332 | |||||||||||
Tocqueville International Value | 273,419,564 | 102,188,601 | (2,348,065 | ) | 99,840,536 |
Under the Regulated Investment Company Modernization Act of 2010 (“RIC MOD”), net capital losses recognized by the Funds in taxable years beginning after December 22, 2010 are carried forward indefinitely and retain their character as short-term and/or long-term losses.
As of October 31, 2020, the Funds had the following post RIC MOD capital loss carryforwards:
Fund | Short-Term Capital Loss Carryforwards | Long-Term Capital Loss Carryforwards | ||||||
International Equity | $ | 62,592,823 | $ | 89,404,879 | ||||
Mid-Cap Value | 24,193,808 | 4,636,872 | ||||||
Small Cap Value | 118,678,194 | 198,805,194 | ||||||
Tocqueville International Value | 6,777,051 | 38,111,036 |