American Beacon Quarterly Top 10s

Information as of 12/31/2014
Acadian Emerging Markets Managed Volatility Fund
Holding NamePercentage
Agricultural Bank of China H1.1%
BGF Retail Co., Ltd.1.1%
China Construction Bank H1.1%
Aboitiz Power Corp.1.0%
Bank of China Ltd. H1.0%
Chunghwa Telecom Co. Ltd.1.0%
Credicorp Ltd.1.0%
DiGi.Com Bhd1.0%
Dr Reddys Laboratories Ltd.1.0%
Empresa Nacional de Electricidad S.A., Sponsored1.0%

Balanced Fund
Holding NamePercentage
JPMorgan Chase & Co.2.4%
Citigroup, Inc.2.1%
Bank of America Corp.1.6%
Anthem, Inc.1.3%
Wells Fargo & Co.1.3%
General Motors Co.1.2%
Oracle Corp.1.1%
Pfizer, Inc.1.0%
Target Corp.1.0%
Toyota Motor Corp., Sponsored1.0%

Bridgeway Large Cap Value Fund
Holding NamePercentage
HCA Holdings, Inc.1.9%
Pilgrim's Pride Corp.1.9%
Southwest Airlines Co.1.9%
Tesoro Corp.1.9%
Micron Technology, Inc.1.5%
Alaska Air Group, Inc.1.4%
Level 3 Communications, Inc.1.4%
Amgen, Inc.1.3%
Royal Caribbean Cruises Ltd.1.3%
Cardinal Health, Inc.1.2%

Earnest Partners Emerging Markets Equity Fund
Holding NamePercentage
Weichai Power Co., Ltd. H4.3%
Samsung Electronics Co. Ltd.4.1%
Advanced Semiconductor Engineering, Inc.3.8%
Controladora Commercial Mexicana, S.A.B. de C.V.3.7%
Cielo S.A.3.5%
Great Wall Motor Co., H3.0%
Investec Ltd.3.0%
Jiangxi Copper Co., Ltd. H3.0%
Orient Overseas International Ltd.3.0%
Anhui Conch Cement Co., Ltd. H2.9%

Emerging Markets Fund
Holding NamePercentage
Samsung Electronics Co. Ltd.3.0%
China Mobile Ltd.2.0%
KB Financial Group, Inc.1.7%
China Construction Bank H1.5%
POSCO1.4%
Gazprom OAO Sponsored1.3%
Petroleo Brasileiro S.A. Sponsored1.3%
Taiwan Semiconductor Manufacturing Co. Ltd.1.3%
Shinhan Financial Group Co. Ltd.1.2%
Erste Group Bank AG1.1%

Flexible Bond Fund
Holding NamePercentage
U.S. Treasury Note/Bond, 1.625%, Due 7/31/199.0%
U.S. Treasury Note/Bond, 2.500%, Due 5/15/245.1%
U.S. Treasury Note, 1.500%, Due 7/31/20163.0%
Mexican Bonos Desarrollo, 7.750%, Due 11/13/421.8%
Mexican Bonos, 8.50%, Due 11/18/381.5%
U.S. Treasury Note/Bond, 3.625%, Due 2/15/20211.5%
Brazil Government Bond, 10.000%, Due 1/1/231.4%
Mexican Bonos, 8.50%, Due 5/31/291.3%
U.S. Treasury Note/Bond, 1.875%, Due 6/30/20201.3%
Morgan Stanley, 1.514%, Due 4/25/20181.2%

Global Evolution Frontier Markets Income Fund
Holding NamePercentage
Uruguay Government International Bond, Inflation Indexed, 5.000%, Due 9/14/20183.7%
Ivory Coast Government Bond, 5.750%, Due 12/31/323.4%
Mongolia Ministry of Finance (Issuer ING Bank NV), 13.175%, Due 3/25/20173.4%
Empresa Administradora de Aeropuertos Internacionales (Issuer Zambezi BV), 7.000%, Due 4/8/20243.3%
Moz Ematum Finance, 6.305%, Due 9/11/20203.0%
Federal Democratic Republic of Ethiopia, 6.625%, Due 12/11/20242.8%
Honduras Government Bond, 7.500%, Due 3/15/20242.8%
Republic of Malawi (Issuer Frontera Capital BV), 25.000%, Due 7/7/20172.6%
Republic of Rwanda, 6.625%, Due 5/2/20232.6%
Dominican Republic, 16.950%, Due 2/4/20222.5%

High Yield Bond Fund
Holding NamePercentage
Verso Paper Holdings LLC / Verso Paper, Inc., 11.750%, Due 1/15/20190.8%
E*Trade Financial Corp., 6.375%, Due 11/15/190.7%
iHeartCommunications, Inc., 9.000%, Due 3/1/210.7%
VPI Escrow Corp., 6.375%, Due 10/15/20, 144A0.7%
CSC Holdings LLC, 6.750%, Due 11/15/20210.6%
Tenet Healthcare Corp., 8.125%, Due 4/1/220.6%
Cumulus Media Holdings, Inc., 7.750%, Due 5/1/190.5%
DISH DBS Corp., 5.875%, Due 7/15/220.5%
Radio One, Inc., 9.250%, Due 2/15/20, 144A0.5%
Wind Acquisition Finance S.A., 7.375%, Due 4/23/21, 144A0.5%

Holland Large Cap Growth Fund
Holding NamePercentage
Visa, Inc.4.7%
Apple, Inc.4.1%
Qualcomm, Inc.4.1%
Google, Inc.3.5%
Priceline.com, Inc.3.5%
Adobe Systems, Inc.3.3%
Citrix Systems, Inc.3.2%
Cisco Systems, Inc.3.1%
Gilead Sciences, Inc.3.1%
Medtronic, Inc.2.9%

Intermediate Bond Fund
Holding NamePercentage
Fannie Mae Pool, 3.000%, Due 6/1/431.0%
Fannie Mae Pool, 4.50%, Due 4/1/411.0%
Freddie Mac Gold Pool, 3.000%, Due 7/1/20331.0%
Ginnie Mae REMIC Trust, 2.170%, Due 4/16/411.0%
Fannie Mae Pool, 3.000%, Due 8/1/430.9%
Fannie Mae Pool, 4.00%, Due 12/1/400.9%
Ally Master Owner Trust, 1.21%, Due 6/15/170.8%
Fannie Mae Pool, 5.00%, Due 1/1/410.8%
Freddie Mac Gold Pool, 3.50%, Due 6/1/420.8%
Fannie Mae Pool, 3.500%, Due 1/1/20280.7%

International Equity Fund
Holding NamePercentage
Novartis AG Reg3.0%
Bayer AG Reg2.2%
KDDI Corp.2.1%
Lloyds Banking Group PLC2.0%
British American Tobacco plc1.9%
Akzo Nobel1.7%
BNP Paribas1.7%
Royal Dutch Shell PLC1.7%
Teva Pharmaceutical Industries Ltd. Sponsored1.7%
Sanofi1.4%

International Equity Index Fund
Holding NamePercentage
Nestle S.A.1.9%
Novartis AG1.7%
Roche Holding Ltd.1.5%
HSBC Holdings PLC1.4%
Toyota Motor Corp.1.4%
Royal Dutch Shell PLC1.0%
BP PLC0.9%
Commonwealth Bank of Australia0.9%
Bayer AG0.9%
Total S.A.0.9%

Large Cap Value Fund
Holding NamePercentage
JPMorgan Chase & Co.3.9%
Citigroup3.0%
Wells Fargo & Co.2.5%
Bank of America Corp.2.4%
Oracle Corp.2.1%
Anthem, Inc.1.9%
Pfizer, Inc.1.9%
Target Corp.1.8%
General Motors Co.1.7%
Verizon Communications, Inc.1.6%

Mid-Cap Value Fund
Holding NamePercentage
Stanley Black & Decker, Inc.2.2%
Cigna Corp.1.9%
Murphy Oil Corp.1.8%
Willis Group Holdings PLC1.7%
Host Hotels & Resorts LP1.5%
Parker Hannifin Corp.1.5%
Owens Corning1.4%
Avnet, Inc.1.3%
Interpublic Group of Cos., Inc.1.3%
Microchip Technology, Inc.1.2%

Retirement Income and Appreciation Fund
Holding NamePercentage
Ginnie Mae REMIC Trust, 3.200%, Due 11/16/442.9%
Freddie Mac Gold Pool, 3.50%, Due 6/1/422.1%
Ginnie Mae REMIC Trust, 2.170%, Due 4/16/412.0%
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 6/1/431.4%
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%
Fannie Mae Pool, 3.000%, Due 8/1/430.9%

S&P 500 Index Fund
Holding NamePercentage
Apple, Inc.3.6%
Exxon Mobil Corporation2.1%
Microsoft Corporation2.1%
Johnson & Johnson1.6%
Berkshire Hathaway Inc. Class B1.5%
Wells Fargo & Company1.4%
General Electric Company1.4%
Procter & Gamble Company1.4%
JPMorgan Chase & Co.1.3%
Chevron Corporation1.2%

Short-Term Bond Fund
Holding NamePercentage
Citibank Credit Card Issuance Trust, 1.320%, Due 9/7/20181.5%
Verizon Communications, Inc., 1.350%, Due 6/9/20171.5%
Bank America Corp., 3.625%, Due 3/17/161.4%
National Credit Union Administration, 0.607%, Due 1/8/20201.3%
Deutsche Bank AG/London, 3.250%, Due 1/11/161.2%
National Credit Union Administration, 0.625%, Due 3/11/201.2%
Daimler Finance North America LLC, 3.000%, Due 3/28/16, 144A1.1%
JPMorgan Chase & Co., 3.450%, Due 3/1/161.1%
Volkswagen Auto Lease Trust, 0.840%, Due 7/20/161.1%
Wells Fargo & Company, 3.676%, Due 6/15/161.1%

SGA Global Growth Fund
Holding NamePercentage
Lowe's Cos., Inc.4.3%
Visa, Inc.4.2%
SAP AG, Sponsored4.0%
Amgen, Inc.3.9%
Nestle S.A.3.9%
AIA Group Ltd.3.8%
Aon PLC3.8%
Google, Inc.3.8%
Sanofi3.8%
State Street Corp.3.8%

SiM High Yield Opportunities Fund
Holding NamePercentage
Tenet Healthcare Corp., 4.500%, Due 4/1/212.1%
Virgin Media Finance PLC, 6.375%, Due 4/15/23, 144A2.1%
Southern Graphics, Inc., 8.375%, Due 10/15/20, 144A2.0%
Alliant Techsystems, Inc., 5.250%, Due 10/1/21, 144A1.9%
Fly Leasing Ltd., 6.750%, Due 12/15/201.9%
LifePoint Hospitals, Inc., 5.500%, Due 12/1/20211.9%
Live Nation Entertainment, Inc., 7.000%, Due 9/1/2020, 144A1.9%
Sealed Air Corp., 6.500%, Due 12/1/20, 144A1.9%
Sensata Technologies BV, 4.875%, Due 10/15/23, 144A1.9%
Station Casinos LLC, 7.500%, Due 3/1/211.9%

Small Cap Index Fund
Holding NamePercentage
Isis Pharmaceuticals, Inc.0.4%
TRIQUINT SEMICONDUCTOR INC.0.3%
Brunswick Corp.0.3%
Graphic Packaging Holding Co.0.3%
LaSalle Hotel Properties0.3%
OFFICE DEPOT INC0.3%
RF MICRO DEVICES INC.0.3%
Puma Biotechnology Inc.0.2%
RJI Lodging Trust REIT0.2%
Ultimate Software Group, Inc.0.2%

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

Small Cap Value II Fund
Holding NamePercentage
Photronics, Inc.1.6%
ConnectOne Bancorp, Inc.1.4%
Federated National Holding Co.1.3%
Saia, Inc.1.3%
TravelCenters of America LLC1.3%
Core-Mark Holding Co., Inc.1.2%
EMCOR Group, Inc.1.2%
Gain Capital Holdings, Inc.1.2%
Ardmore Shipping Corp.1.1%
Prestige Brands Holdings, Inc.1.1%

Stephens Mid-Cap Growth Fund
Holding NamePercentage
Illumina, Inc.2.0%
Monster Beverage Corp.1.8%
Cerner Corp.1.7%
Fortinet, Inc.1.7%
Ross Stores, Inc.1.7%
Stericycle, Inc.1.7%
CarMax, Inc.1.5%
CoStar Group, Inc.1.5%
United Natural Foods, Inc.1.5%
MercadoLibre, Inc.1.4%

Stephens Small Cap Growth Fund
Holding NamePercentage
CoStar Group, Inc.1.7%
United Natural Foods, Inc.1.7%
WageWorks, Inc.1.7%
Acadia Healthcare Co., Inc.1.6%
IMAX Corp.1.6%
Neogen Corp.1.6%
Akorn, Inc.1.5%
Cepheid, Inc.1.5%
Cognex Corp.1.5%
ICON PLC1.4%

The London Company Income Equity Fund
Holding NamePercentage
Kinder Morgan, Inc.4.8%
General Dynamics Corp.4.2%
Wells Fargo & Co.4.2%
Lorillard, Inc.3.9%
Altria Group, Inc.3.7%
Hasbro, Inc.3.6%
Intel Corp.3.5%
BlackRock, Inc.3.4%
Corning, Inc.3.4%
Lowe's Cos., Inc.3.4%

Treasury Inflation Protected Securities Fund
Holding NamePercentage
U.S. Treasury Note, 0.125%, Due 4/15/1711.3%
U.S. Treasury Note, 0.125%, Due 1/15/229.9%
U.S. Treasury Note, 0.125%, Due 4/15/168.8%
U.S. Treasury Note, 0.125%, Due 7/15/228.8%
U.S. Treasury Note, 1.25%, Due 7/15/206.5%
U.S. Treasury, 0.125%, Due 4/15/20185.6%
U.S. Treasury, 0.125%, Due 1/15/20235.3%
U.S. Treasury Note, 0.625%, Due 7/15/215.2%
U.S. Treasury, 0.375%, Due 7/15/20235.2%
U.S. Treasury Inflation Protected Securities, 0.625%, Due 1/15/20245.1%

Zebra Global Equity Fund
Holding NamePercentage
Exxon Mobil Corp.1.7%
Roche Holding AG Genusschein1.6%
Microsoft Corp.1.4%
Johnson & Johnson1.3%
Chevron Corp.1.2%
Wells Fargo & Co.1.2%
Berkshire Hathaway, Inc.1.0%
Oracle Corp.1.0%
Verizon Communications, Inc.1.0%
Wal-Mart Stores, Inc.1.0%

Zebra Small Cap Equity Fund
Holding NamePercentage
West Corp.1.8%
PDL BioPharma, Inc.1.7%
Syntel, Inc.1.7%
Enstar Group Ltd.1.5%
Federal-Mogul Holdings Corp.1.3%
iGATE Corp.1.3%
Amerco, Inc.1.2%
International Bancshares Corp.1.2%
Mentor Graphics Corp.1.2%
Amkor Technology, Inc.1.1%

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