Quarterly Top 10 Holdings

American Beacon Quarterly Top 10s

Information as of 09/30/2014
Acadian Emerging Markets Managed Volatility Fund
Holding NamePercentage
America Movil, S.A.B. de C.V.1.1%
China Telecom Corp., Ltd. H1.1%
Dr Reddys Laboratories Ltd.1.1%
Axiata Group Bhd1.0%
China Mobile Ltd.1.0%
Chunghwa Telecom Co. Ltd.1.0%
DiGi.Com Bhd1.0%
Grupo Financiero Interacciones S.A. de C.V.1.0%
Infosys Technologies Ltd. Sponsored1.0%
Orange Polska S.A.1.0%

Balanced Fund
Holding NamePercentage
JPMorgan Chase & Co.2.3%
Citigroup, Inc.2.0%
Bank of America Corp.1.6%
Microsoft Corp.1.5%
Wells Fargo & Co.1.3%
Target Corp.1.2%
WellPoint, Inc.1.2%
Sanofi1.1%
Verizon Communications, Inc.1.1%
General Motors Co.1.0%

Bridgeway Large Cap Value Fund
Holding NamePercentage
HCA Holdings, Inc.2.2%
Southwest Airlines Co.2.0%
Level 3 Communications, Inc.1.7%
Micron Technology, Inc.1.6%
Trinity Industries, Inc.1.6%
Exxon Mobil Corp.1.3%
Northrop Grumman Corp.1.3%
Pfizer, Inc.1.3%
WellPoint, Inc.1.3%
AT&T, Inc.1.2%

Earnest Partners Emerging Markets Equity Fund
Holding NamePercentage
China Oilfield Services Ltd. H3.9%
Controladora Commercial Mexicana, S.A.B. de C.V.3.8%
Samsung Electronics Co. Ltd.3.7%
Advanced Semiconductor Engineering, Inc.3.6%
Weichai Power Co., Ltd. H3.6%
Cielo S.A.3.5%
CJ Corp.3.0%
Investec Ltd.2.9%
Jiangxi Copper Co., Ltd. H2.9%
POSCO2.8%

Emerging Markets Fund
Holding NamePercentage
Samsung Electronics Co. Ltd.2.8%
Petroleo Brasileiro S.A. Sponsored2.1%
China Mobile Ltd.1.8%
Gazprom OAO Sponsored1.8%
KB Financial Group, Inc.1.8%
POSCO1.4%
Shinhan Financial Group Co. Ltd.1.4%
Cemex, S.A.B. de C.V., Sponsored1.2%
China Construction Bank H1.2%
Taiwan Semiconductor Manufacturing Co. Ltd.1.1%

Flexible Bond Fund
Holding NamePercentage
U.S. Treasury Note/Bond, 1.625%, Due 7/31/20197.7%
U.S. Treasury Note/Bond, 2.500%, Due 5/15/20244.5%
Spain, Bonos Y Obligaciones del Estado, 2.750%, Due 10/31/2024, 144A1.9%
U.S. Treasury Inflation Protected Securities, 0.125%, Due 7/15/20241.8%
U.S. Treasury Note/Bond, 1.000%, Due 9/15/20171.8%
Mexican Bonos Desarr, 7.750%, Due 11/13/421.7%
Brazil Government Bond, 10.000%, Due 1/1/231.5%
BNP Paribas Repo, 1.000%, Due 10/1/20141.3%
Mexican Bonos, 8.50%, Due 11/18/381.3%
Mexican Bonos, 8.50%, Due 5/31/291.2%

Global Evolution Frontier Markets Income Fund
Holding NamePercentage
Moz Ematum Finance, 6.305%, Due 9/11/20203.8%
Ivory Coast Government Bond, 5.750%, Due 12/31/323.2%
Kenya Infrastructure Bond, 11.000%, Due 9/15/253.1%
Bangladesh Treasury Bond (Issuer Standard Chartered Bank), 11.230%, Due 1/22/20193.0%
Republic of Armenia, 6.000%, Due 9/30/20203.0%
Dominican Republic, 11.500%, Due 5/10/20242.9%
Republic of Venezuela, 9.000%, Due 5/7/20232.9%
Nigeria Government Bond, 15.100%, Due 4/27/172.6%
Republic of Rwanda, 6.625%, Due 5/2/20232.5%
Uruguay Government International Bond, Inflation Indexed, 5.000%, Due 9/14/20182.4%

High Yield Bond Fund
Holding NamePercentage
Clear Channel Worldwide Holdings, Inc., 7.625%, Due 3/15/200.6%
E*Trade Financial Corp., 6.375%, Due 11/15/190.6%
iHeartCommunications, Inc., 9.000%, Due 3/1/210.6%
VPI Escrow Corp., 6.375%, Due 10/15/20, 144A0.6%
Ally Financial, Inc., 7.500%, Due 9/15/200.5%
Cenveo Corp., 11.500%, Due 5/15/170.5%
Radio One, Inc., 9.250%, Due 2/15/20, 144A0.5%
Tenet Healthcare Corp., 8.125%, Due 4/1/220.5%
Verso Paper Holdings LLC / Verso Paper, Inc., 11.750%, Due 1/15/20190.5%
Wind Acquisition Finance S.A., 7.375%, Due 4/23/21, 144A0.5%

Holland Large Cap Growth Fund
Holding NamePercentage
Qualcomm, Inc.4.3%
Google, Inc.4.0%
Visa, Inc.4.0%
Citrix Systems, Inc.3.8%
Apple, Inc.3.6%
Gilead Sciences, Inc.3.6%
Priceline.com, Inc.3.4%
Adobe Systems, Inc.3.3%
Amazon.com, Inc.3.3%
Range Resources Corp.3.1%

Intermediate Bond Fund
Holding NamePercentage
Ginnie Mae REMIC Trust, 2.170%, Due 4/16/411.2%
Fannie Mae Pool, 4.50%, Due 4/1/411.1%
Fannie Mae Pool, 3.000%, Due 6/1/20431.0%
Fannie Mae Pool, 4.00%, Due 12/1/401.0%
Freddie Mac Gold Pool, 3.000%, Due 11/1/20281.0%
Ally Master Owner Trust, 1.21%, Due 6/15/170.9%
Fannie Mae Pool, 3.000%, Due 8/1/20430.9%
Freddie Mac Gold Pool, 3.50%, Due 6/1/420.9%
Fannie Mae Pool, 3.500%, Due 1/1/20280.8%
Ginnie Mae REMIC Trust, 1.732%, Due 5/16/20420.8%

International Equity Fund
Holding NamePercentage
Novartis AG Reg3.0%
Sanofi2.8%
Bayer AG Reg2.3%
Lloyds Banking Group PLC2.2%
British American Tobacco plc1.9%
KDDI Corp.1.9%
Royal Dutch Shell PLC1.9%
BNP Paribas1.8%
Akzo Nobel1.6%
Teva Pharmaceutical Industries Ltd. Sponsored1.6%

International Equity Index Fund
Holding NamePercentage
Nestle S.A.1.8%
Novartis AG1.6%
Roche Holding Ltd.1.6%
HSBC Holdings PLC1.5%
Toyota Motor Corp.1.2%
Royal Dutch Shell PLC1.1%
Total S.A.1.1%
BP PLC1.0%
Sanofi S.A.1.0%
BAYER AG0.9%

Large Cap Value Fund
Holding NamePercentage
JPMorgan Chase & Co.3.8%
Citigroup2.9%
Wells Fargo & Co.2.4%
Bank of America Corp.2.3%
Microsoft Corp.2.3%
Target Corp.1.9%
Oracle Corp.1.8%
Pfizer, Inc.1.8%
WellPoint, Inc.1.8%
Verizon Communications, Inc.1.7%

Mid-Cap Value Fund
Holding NamePercentage
Cigna Corp.1.9%
Murphy Oil Corp.1.8%
Willis Group Holdings PLC1.7%
Parker Hannifin Corp.1.5%
Stanley Black & Decker, Inc.1.5%
Host Hotels & Resorts LP1.4%
Avnet, Inc.1.3%
Interpublic Group of Cos., Inc.1.3%
Microchip Technology, Inc.1.3%
Owens Corning1.3%

Retirement Income and Appreciation Fund
Holding NamePercentage
Ginnie Mae REMIC Trust, 3.200%, Due 11/16/442.9%
Ginnie Mae REMIC Trust, 2.170%, Due 4/16/412.5%
Freddie Mac Gold Pool, 3.50%, Due 6/1/422.1%
Ginnie Mae REMIC Trust, 1.450%, Due 4/16/391.8%
Fannie Mae Pool, 5.00%, Due 1/1/411.5%
Fannie Mae Pool, 3.000%, Due 6/1/20431.4%
Fannie Mae Pool, 3.000%, Due 8/1/20431.4%
National Credit Union Administration, 0.625%, Due 3/11/201.3%
ING Bank N.V., 3.750%, Due 3/7/17, 144A1.1%
Bank of America Corp., 4.125%, Due 1/22/241.0%

S&P 500 Index Fund
Holding NamePercentage
Apple, Inc.3.4%
Exxon Mobil Corporation2.3%
Microsoft Corporation2.2%
Johnson & Johnson1.7%
General Electric Company1.5%
Berkshire Hathaway Inc. Class B1.4%
Wells Fargo & Company1.4%
Chevron Corporation1.3%
JPMorgan Chase & Co.1.3%
Procter & Gamble Company1.3%

Short-Term Bond Fund
Holding NamePercentage
National Credit Union Administration, 0.606%, Due 1/8/202.2%
National Credit Union Administration, 0.625%, Due 3/11/202.2%
Deutsche Bank AG/London, 3.250%, Due 1/11/162.0%
Daimler Finance North America LLC, 3.000%, Due 3/28/16, 144A1.9%
JPMorgan Chase & Co., 3.450%, Due 3/1/161.9%
Volkswagen Auto Lease Trust, 0.840%, Due 7/20/161.9%
Wells Fargo & Company, 3.676%, Due 6/15/161.9%
Bank America Corp., 3.625%, Due 3/17/161.8%
Capital Auto Receivables Asset Trust 2013-1, 0.920%, Due 9/20/161.8%
Nissan Master Owner Trust Receivables, 0.503%, Due 2/15/181.8%

SGA Global Growth Fund
Holding NamePercentage
Lowe's Cos., Inc.4.3%
Sanofi4.1%
Google, Inc.4.0%
SAP AG, Sponsored4.0%
Danone S.A.3.8%
Nestle S.A.3.8%
Visa, Inc.3.8%
State Street Corp.3.7%
Aon PLC3.6%
Schlumberger Ltd.3.6%

SiM High Yield Opportunities Fund
Holding NamePercentage
Alliant Techsystems, Inc., 5.250%, Due 10/1/2021, 144A2.0%
Fly Leasing Ltd., 6.750%, Due 12/15/20202.0%
Southern Graphics, Inc., 8.375%, Due 10/15/20, 144A2.0%
Station Casinos LLC, 7.500%, Due 3/1/20212.0%
Tenet Healthcare Corp., 4.500%, Due 4/1/212.0%
Virgin Media Finance PLC, 6.375%, Due 4/15/2023, 144A2.0%
Continental Airlines Finance Trust II, 6.00%, Due 11/15/301.9%
DigitalGlobe, Inc., 5.250%, Due 2/1/21, 144A1.9%
LSB Industries, Inc., 7.750%, Due 8/1/20191.9%
Sensata Technologies BV, 4.875%, Due 10/15/2023, 144A1.9%

Small Cap Index Fund
Holding NamePercentage
PUMA BIOTECHNOLOGY INC0.3%
Isis Pharmaceuticals, Inc.0.3%
WEX Inc.0.3%
GRAPHIC PACKAGING HOLDING CO.0.3%
Team Health Holdings, Inc.0.3%
Brunswick Corp.0.2%
Prosperity Bancshares, Inc.0.2%
Ultimate Software Group, Inc.0.2%
CNO Financial Group, Inc.0.2%
RLJ LODGING TRUST REIT0.2%

Small Cap Value Fund
Holding NamePercentage
First Horizon National Corp.1.1%
Synovus Financial Corp.0.8%
Vishay Intertechnology, Inc.0.8%
Con-way, Inc.0.7%
HealthSouth Corp.0.7%
American Axle & Manufacturing Holdings, Inc.0.6%
Masonite International Corp.0.6%
Oshkosh Corp.0.6%
Webster Financial Corp.0.6%
WellCare Health Plans, Inc.0.6%

Small Cap Value II Fund
Holding NamePercentage
Photronics, Inc.1.4%
ConnectOne Bancorp, Inc.1.3%
Saia, Inc.1.1%
Unit Corp.1.1%
Core-Mark Holding Co., Inc.1.0%
EMCOR Group, Inc.1.0%
EnPro Industries, Inc.1.0%
Prestige Brands Holdings, Inc.1.0%
Federated National Holding Co.0.9%
Kulicke & Soffa Industries, Inc.0.9%

Stephens Mid-Cap Growth Fund
Holding NamePercentage
Illumina, Inc.1.8%
Cerner Corp.1.6%
Monster Beverage Corp.1.6%
Fortinet, Inc.1.5%
Salix Pharmaceuticals Ltd.1.5%
Stericycle, Inc.1.5%
Under Armour, Inc.1.5%
Brown-Forman Corp.1.4%
Polaris Industries, Inc.1.4%
Ross Stores, Inc.1.4%

Stephens Small Cap Growth Fund
Holding NamePercentage
Akorn, Inc.1.5%
Athlon Energy, Inc.1.5%
CoStar Group, Inc.1.5%
Encore Capital Group, Inc.1.5%
Pacira Pharmaceuticals, Inc.1.5%
Proto Labs, Inc.1.5%
IMAX Corp.1.4%
Cognex Corp.1.6%
ICON PLC1.6%
PAREXEL International Corp.1.6%

The London Company Income Equity Fund
Holding NamePercentage
Kinder Morgan Management LLC4.6%
General Dynamics Corp.4.2%
Wells Fargo & Co.4.1%
Lorillard, Inc.4.0%
Hasbro, Inc.3.9%
Altria Group, Inc.3.7%
Intel Corp.3.7%
BlackRock, Inc.3.4%
Pfizer, Inc.3.3%
Windstream Holdings Inc.3.2%

Treasury Inflation Protected Securities Fund
Holding NamePercentage
U.S. Treasury Note, 0.125%, Due 4/15/1711.1%
U.S. Treasury Note, 0.125%, Due 4/15/169.3%
U.S. Treasury Note, 0.125%, Due 7/15/229.2%
U.S. Treasury Note, 0.125%, Due 1/15/228.8%
U.S. Treasury Note, 1.25%, Due 7/15/206.6%
U.S. Treasury, 0.125%, Due 1/15/20236.4%
U.S. Treasury, 0.375%, Due 7/15/20235.8%
U.S. Treasury Note, 0.625%, Due 7/15/215.1%
U.S. Treasury Inflation Protected Secturities, 0.125%, Due 4/15/20194.7%
U.S. Treasury, 0.125%, Due 4/15/20184.6%

Zebra Global Equity Fund
Holding NamePercentage
Microsoft Corp.1.8%
Royal Dutch Shell PLC1.8%
Exxon Mobil Corp.1.6%
Johnson & Johnson1.6%
Chevron Corp.1.3%
Suncor Energy, Inc.1.3%
Wells Fargo & Co.1.3%
Nestle S.A.1.2%
Procter & Gamble Co.1.2%
Intel Corp.1.1%

Zebra Small Cap Equity Fund
Holding NamePercentage
Syntel, Inc.1.9%
Enstar Group Ltd.1.5%
HSN, Inc.1.4%
Amerco, Inc.1.3%
Delek US Holdings, Inc.1.3%
Deluxe Corp.1.3%
Team Health Holdings, Inc.1.3%
Verint Systems, Inc.1.2%
Mentor Graphics Corp.1.1%
Ubiquiti Networks, Inc.1.1%

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