American Beacon Quarterly Top 10s

Information as of 12/31/2015
Acadian Emerging Markets Managed Volatility Fund
Holding NamePercentage
Arca Continental S.A.B. de C.V.1.0%
Chunghwa Telecom Co. Ltd.1.0%
ITC Ltd.1.0%
Maruti Suzuki India Ltd.1.0%
Petronas Gas Bhd1.0%
Tata Consultancy Services Ltd.1.0%
Telekom Malaysia Bhd1.0%
Tenaga Nasional Bhd1.0%
Vodacom Group Pty Ltd.1.0%
Want Want China Holdings Ltd.1.0%

Bahl & Gaynor Small Cap Growth Fund
Holding NamePercentage
MarketAxess Holdings, Inc.3.8%
j2 Global, Inc.3.1%
Texas Roadhouse, Inc.3.0%
Cantel Medical Corp.2.7%
Blackbaud, Inc.2.6%
STERIS plc2.6%
Evercore Partners, Inc.2.5%
Monolithic Power Systems, Inc.2.4%
Methode Electronics, Inc.2.3%
Watsco, Inc.2.3%

Balanced Fund
Holding NamePercentage
Bank of America Corp.2.4%
Citigroup, Inc.2.2%
JPMorgan Chase & Co.1.9%
Microsoft Corp.1.4%
BP PLC, Sponsored1.2%
General Motors Co.1.2%
Oracle Corp.1.1%
Wells Fargo & Co.1.1%
Medtronic PLC1.0%

Bridgeway Large Cap Value Fund
Holding NamePercentage
Cigna Corp.1.6%
SanDisk Corp.1.5%
Tesoro Corp.1.5%
JPMorgan Chase & Co.1.4%
Activision Blizzard, Inc.1.3%
Northrop Grumman Corp.1.3%
Valero Energy Corp.1.3%
HCA Holdings, Inc.1.2%
Kellogg Co.1.2%
Xerox Corp.1.2%

Crescent Short Duration High Income Fund
Holding NamePercentage
Activision Blizzard, Inc., 5.625%, Due 9/15/2021, 144A1.0%
AECOM Company, 5.750%, Due 10/15/20221.0%
Cablevision Systems Corp., 7.750%, Due 4/15/20181.0%
Community Health Systems, Inc., 8.000%, Due 11/15/20191.0%
Fly Leasing Ltd., 6.750%, Due 12/15/201.0%
Icahn Enterprises LP / Icahn Enterprises Finance Corp., 6.000%, Due 8/1/20201.0%
Peninsula Gaming LLC / Peninsula Gaming Corp., 8.375%, Due 2/15/2018, 144A1.0%
Pinnacle Entertainment, Inc., 7.500%, Due 4/15/20211.0%
Sally Holdings LLC., 5.750%, Due 6/1/20221.0%
T-Mobile USA, Inc., 6.625%, Due 4/1/20231.0%

Earnest Partners Emerging Markets Equity Fund

Emerging Markets Fund

Flexible Bond Fund
Holding NamePercentage
U.S. Treasury Note/Bond, 2.500%, Due 5/15/246.2%
Fannie Mae TBA, 4.500%, Due 1/14/20464.1%
U.S. Treasury Note/Bond, 1.625%, Due 7/31/193.7%
U.S. Treasury Note/Bond, 1.375%, Due 3/31/20202.9%
U.S. Treasury Bill, 0.010%, Due 5/19/20162.6%
U.S. Treasury Floating Rate Note, 0.092%, Due 7/31/20172.1%
Ford Motor Credit Co., LLC, 1.037%, Due 1/17/20171.9%
Mexican Bonos Desarrollo, 7.750%, Due 11/13/421.8%
Fannie Mae TBA, 3.000%, Due 12/10/20451.5%
U.S. Treasury Note/Bond, 2.000%, Due 7/31/20221.5%

Global Evolution Frontier Markets Income Fund
Holding NamePercentage
Ecuador Government International Bond, 10.500%, Due 3/24/20204.6%
Republic of Congo, 4.000%, Due 6/30/20294.4%
Republic of Iraq, 5.800%, Due 1/15/284.4%
Gabon Government International Bond, 6.375%, Due 12/12/20244.1%
Moz Ematum Finance, 6.305%, Due 9/11/20203.9%
Republic of Angola (Issuer Aurora Australis BV), 7.016%, Due 12/19/20233.9%
Republic of Cameroon, 9.500%, Due 11/19/20253.6%
Ivory Coast Government Bond, 5.750%, Due 12/31/323.5%
Mongolia Ministry of Finance (Issuer ING Bank NV), 13.175%, Due 3/25/20173.2%
Republic of Malawi (Issuer Frontera Capital BV), 25.000%, Due 7/7/20173.2%

High Yield Bond Fund

Holland Large Cap Growth Fund
Holding NamePercentage
Alphabet, Inc.4.7%
Visa, Inc.4.7%, Inc.4.6%
Adobe Systems, Inc.4.0%, Inc.3.7%
Apple, Inc.3.6%
Citrix Systems, Inc.3.6%
Southwest Airlines Co.3.1%
Gilead Sciences, Inc.2.9%
Medtronic PLC2.9%

Intermediate Bond Fund

International Equity Fund
Holding NamePercentage
Novartis AG2.7%
British American Tobacco plc2.1%
Lloyds Banking Group PLC2.0%
Bayer AG Reg1.9%
KDDI Corp.1.9%
Teva Pharmaceutical Industries Ltd. Sponsored1.7%
Total S.A.1.6%
Akzo Nobel1.5%
BNP Paribas1.4%
Roche Holding AG Genusschein1.4%

International Equity Index Fund

Large Cap Value Fund
Holding NamePercentage
JPMorgan Chase & Co.3.4%
Bank of America Corp.3.3%
Microsoft Corp.2.2%
Wells Fargo & Co.2.1%
Oracle Corp.2.0%
Medtronic PLC1.8%
General Motors Co.1.7%
BP PLC, Sponsored1.6%
PNC Financial Services Group, Inc.1.6%

Mid-Cap Value Fund
Holding NamePercentage
Royal Caribbean Cruises Ltd.2.0%
Stanley Black & Decker, Inc.2.0%
Allstate Corp.1.9%
Owens Corning1.8%
Pinnacle West Capital Corp.1.8%
Lamar Advertising Co.1.7%
Delphi Automotive plc1.6%
Dover Corp.1.6%
Willis Towers Watson PLC1.6%
Fifth Third Bancorp1.5%

Retirement Income and Appreciation Fund
Holding NamePercentage
Freddie Mac Gold Pool, 4.00%, Due 1/1/414.3%
Freddie Mac Gold Pool, 4.50%, Due 2/1/413.8%
Fannie Mae Pool, 4.50%, Due 1/1/20402.5%
Citigroup, Inc., 5.875%, Due 1/30/20422.0%
Fannie Mae Pool, 4.000%, Due 9/1/20402.0%
MidAmerican Energy Holdings Co., 6.125%, Due 4/1/20362.0%
Johnson Controls, Inc., 5.000%, Due 3/30/20201.9%
Wells Fargo & Co., 3.900%, Due 5/1/20451.9%
Prudential Financial, Inc., 7.375%, Due 6/15/20191.7%
Verizon Communications, Inc., 6.550%, Due 9/15/20431.7%

S&P 500 Index Fund

Short-Term Bond Fund

SGA Global Growth Fund
Holding NamePercentage
Novo Nordisk A.S.4.2%
Danone S.A.4.1%
Amgen, Inc.4.0%
SAP AG, Sponsored4.0%
Tencent Holdings Ltd.3.9%
Visa, Inc.3.9%
AIA Group Ltd.3.8%
Colgate-Palmolive Co.3.6%, Inc.3.6%
ARM Holdings PLC3.1%

SiM High Yield Opportunities Fund
Holding NamePercentage
Virgin Media Finance PLC, 6.375%, Due 4/15/23, 144A2.6%
ADS Tactical, Inc., 11.00%, Due 4/1/18, 144A2.5%
Sealed Air Corp., 6.500%, Due 12/1/20, 144A2.2%
Churchill Downs, Inc., 5.375%, Due 12/15/20212.1%
Southern Graphics, Inc., 8.375%, Due 10/15/20, 144A2.1%
Station Casinos LLC, 7.500%, Due 3/1/212.1%
Tenet Healthcare Corp., 4.500%, Due 4/1/212.1%
CMA CGM S.A., 7.750%, Due 1/15/2021, 144A2.0%
Crown Americas LLC / Crown Americas Capital Corp., IV, 4.500%, Due 1/15/20232.0%
LifePoint Hospitals, Inc., 5.500%, Due 12/1/20212.0%

Small Cap Index Fund

Small Cap Value Fund
Holding NamePercentage
First Horizon National Corp.0.9%
Great Plains Energy, Inc.0.9%
Portland General Electric Co.0.9%
Synovus Financial Corp.0.9%
Vishay Intertechnology, Inc.0.8%
Diodes, Inc.0.7%
Prosperity Bancshares, Inc.0.7%
ARRIS Group, Inc.0.6%
LifePoint Hospitals, Inc.0.6%
Tutor Perini Corp.0.6%

Stephens Mid-Cap Growth Fund
Holding NamePercentage
Monster Beverage Corp.2.1%
Illumina, Inc.1.9%
Ross Stores, Inc.1.9%
Netflix, Inc.1.8%
CoStar Group, Inc.1.7%
Brown-Forman Corp.1.6%
Cerner Corp.1.6%
Palo Alto Networks, Inc.1.6%
athenahealth, Inc.1.5%
SVB Financial Group1.5%

Stephens Small Cap Growth Fund
Holding NamePercentage
National CineMedia, Inc.1.8%
PAREXEL International Corp.1.8%
Neogen Corp.1.7%
CoStar Group, Inc.1.6%
Euronet Worldwide, Inc.1.6%
Ligand Pharmaceuticals, Inc.1.6%
Pacira Pharmaceuticals, Inc.1.6%
Proofpoint, Inc.1.6%
Tyler Technologies, Inc.1.6%

The London Company Income Equity Fund
Holding NamePercentage
Wells Fargo & Co.5.2%
General Electric Co.4.7%
Altria Group, Inc.4.5%
Reynolds American, Inc.4.5%
General Dynamics Corp.4.4%
Hasbro, Inc.4.3%
Lowe's Cos., Inc.4.0%
Carnival Corp.3.7%
Eli Lilly & Co.3.7%
Norfolk Southern Corp.3.7%

Treasury Inflation Protected Securities Fund
Holding NamePercentage
U.S. Treasury Note, 0.125%, Due 4/15/178.8%
U.S. Treasury Inflation Protected Secturities, 0.125%, Due 4/15/20198.2%
U.S. Treasury Inflation Protected Securities, 0.625%, Due 1/15/20248.0%
U.S. Treasury Note, 0.125%, Due 1/15/228.0%
U.S. Treasury Note, 0.625%, Due 7/15/217.3%
U.S. Treasury Note, 2.375%, Due 1/15/257.3%
U.S. Treasury Note, 1.25%, Due 7/15/207.0%
U.S. Treasury, 0.125%, Due 1/15/20236.6%
U.S. Treasury, 0.375%, Due 7/15/20235.7%
U.S. Treasury, 0.125%, Due 4/15/20185.6%

Zebra Global Equity Fund

Zebra Small Cap Equity Fund
Holding NamePercentage
Seaboard Corp.1.9%
Enstar Group Ltd.1.7%
Columbia Sportswear Co.1.5%
Deluxe Corp.1.3%
HSN, Inc.1.3%
Selective Insurance Group, Inc.1.2%
West Corp.1.2%
Mentor Graphics Corp.1.0%
Third Point Reinsurance Ltd.1.0%
Syntel, Inc.2.0%

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