Quarterly Top 10 Holdings

American Beacon Quarterly Top 10s

Information as of 03/31/2014
Acadian Emerging Markets Managed Volatility Fund
Holding NamePercentage
Cielo S.A.1.1%
GAEC Educacao S.A.1.1%
Infraestructura Energetica Nova S.A.B. de CV1.1%
Kroton Educacional S.A.1.1%
China Petroleum & Chemical Corp. H1.0%
China Telecom Corp., Ltd. H1.0%
CVC Brasil Operadora e Agencia de Viagens S.A.1.0%
Netcare Ltd.1.0%
Telefonica Brasil S.A.1.0%
Vodacom Group Pty Ltd.1.0%

Balanced Fund
Holding NamePercentage
JPMorgan Chase & Co.2.5%
Citigroup, Inc.1.7%
Wells Fargo & Co.1.7%
Microsoft Corp.1.5%
Bank of America Corp.1.4%
BP PLC Sponsored ADR1.4%
Pfizer, Inc.1.2%
Target Corp.1.2%
WellPoint, Inc.1.2%

Bridgeway Large Cap Value Fund
Holding NamePercentage
AT&T, Inc.1.5%
Pfizer, Inc.1.5%
Southwest Airlines Co.1.4%
Hewlett-Packard Co.1.2%
Kinder Morgan, Inc.1.2%
L-3 Communications Holdings, Inc.1.2%
Level 3 Communications, Inc.1.2%
WellPoint, Inc.1.2%
CenturyLink, Inc.1.1%
Valero Energy Corp.1.1%

Earnest Partners Emerging Markets Equity Fund
Holding NamePercentage
Controladora Commercial Mexicana, S.A.B. de C.V.4.1%
Samsung Electronics Co. Ltd.4.1%
Weichai Power Co., Ltd. H3.8%
Advanced Semiconductor Engineering, Inc.3.4%
China Oilfield Services Ltd. H3.4%
Cielo S.A.3.3%
ICICI Bank Ltd. Sponsored3.3%
Anhui Conch Cement Co., Ltd. H3.0%
Jiangxi Copper Co., Ltd. H2.8%
Investec Ltd.2.7%

Emerging Markets Fund
Holding NamePercentage
Samsung Electronics Co. Ltd.3.7%
Petroleo Brasileiro S.A. Sponsored2.5%
Gazprom OAO Sponsored1.9%
China Mobile Ltd.1.7%
Hyundai Motor Co. Ltd.1.6%
KB Financial Group, Inc.1.6%
Shinhan Financial Group Co. Ltd.1.6%
America Movil, S.A.B. de C.V.1.5%
Banco Santander Brasil S.A.1.5%

Flexible Bond Fund
Holding NamePercentage
U.S. Treasury Floating Rate Note, 0.090%, Due 1/31/20162.7%
BNP Paribas Repo, 0.080%, Due 4/1/20142.5%
Fannie Mae Discount Notes, 0.090%, Due 6/16/20142.2%
Federal Home Loan Bank Discount Notes, 0.060%, Due 4/10/20142.2%
Ginnie Mae REMIC Trust, 1.001%, Due 7/20/621.8%
Mexican Bonos Desarr, 7.750%, Due 11/13/20421.7%
Brazil Government Bond, 10.000%, Due 1/1/20231.6%
Mexican Bonos, 8.50%, Due 5/31/291.6%
Mexican Bonos, 8.50%, Due 11/18/381.5%
Italy, Buoni Poliennali Del Tesoro, 5.000%, Due 8/1/20391.3%

Global Evolution Frontier Markets Income Fund
Holding NamePercentage
Sri Lanka Government Bond, 7.500%, Due 8/15/20184.6%
Nigeria Government Bond, 15.100%, Due 4/27/20174.5%
Republic of Iraq, 5.800%, Due 1/15/20284.2%
Republic of Zambia, 5.375%, Due 9/20/20224.1%
Republic of Mozambique, 6.305%, Due 9/11/20203.8%
Ivory Coast Government Bond, 5.750%, Due 12/31/20323.7%
Standard Chartered Bank CLN, Bangladesh Treasury Bond, 1.000%, Due 1/22/20193.7%
Kenya Infrastructure Bond, 11.000%, Due 9/15/20253.4%
Citigroup Inc. CLN, Vietnam Government Bond, 8.075%, Due 3/5/20163.3%
Republic of Costa Rica, 11.500%, Due 12/21/20223.3%

High Yield Bond Fund
Holding NamePercentage
Clear Channel Communications, Inc., 9.00%, Due 3/1/210.8%
E*Trade Financial Corp., 6.375%, Due 11/15/190.7%
Ally Financial, Inc., 7.500%, Due 9/15/200.6%
Clear Channel Worldwide Holdings, Inc., 7.625%, Due 3/15/200.6%
Radio One, Inc., 9.250%, Due 2/15/2020, 144A0.6%
ArcelorMittal, 6.000%, Due 3/1/210.5%
Bank of America Corp., 8.125%, Due 12/31/20490.5%
Chaparral Energy, Inc., 7.625%, Due 11/15/20220.5%
Cumulus Media Holdings, Inc., 7.750%, Due 5/1/190.5%
Sabine Pass Liquefaction LLC, 5.625%, Due 2/1/20210.5%

Holland Large Cap Growth Fund
Holding NamePercentage
Qualcomm, Inc.4.7%
Visa, Inc.4.2%
Range Resources Corp.4.0%
Amazon.com, Inc.3.5%
Google, Inc.3.4%
Adobe Systems, Inc.3.2%
Citrix Systems, Inc.3.2%
Priceline.com, Inc.3.1%
Apple, Inc.2.9%
Cisco Systems, Inc.2.7%

Intermediate Bond Fund
Holding NamePercentage
Ginnie Mae REMIC Trust, 2.170%, Due 4/16/20411.4%
Fannie Mae Pool, 4.50%, Due 4/1/411.2%
Fannie Mae Pool, 4.00%, Due 12/1/401.1%
Freddie Mac Gold Pool, 3.50%, Due 6/1/421.0%
Ally Master Owner Trust, 1.21%, Due 6/15/170.9%
Bear Stearns Cos. LLC, 7.250%, Due 2/1/20180.9%
Fannie Mae Pool, 3.500%, Due 1/1/20280.9%
Freddie Mac Gold Pool, 3.500%, Due 9/1/20280.9%
Ginnie Mae REMIC Trust, 1.732%, Due 5/16/20420.9%
Fannie Mae Pool, 5.00%, Due 5/1/20400.8%

International Equity Fund
Holding NamePercentage
Novartis AG Reg2.7%
BNP Paribas2.2%
Bayer AG Reg2.1%
Royal Dutch Shell PLC2.1%
Lloyds Banking Group PLC2.0%
Akzo Nobel1.8%
British American Tobacco plc1.8%
KDDI Corp.1.7%
Siemens AG Reg1.5%

International Equity Index Fund

Large Cap Value Fund
Holding NamePercentage
JPMorgan Chase & Co.4.0%
Wells Fargo & Co.2.9%
Microsoft Corp.2.2%
Bank of America Corp.2.1%
Pfizer, Inc.2.0%
BP PLC Sponsored ADR1.8%
Target Corp.1.8%
Johnson & Johnson1.7%
WellPoint, Inc.1.7%

Mid-Cap Value Fund
Holding NamePercentage
Willis Group Holdings plc1.7%
Cigna Corp.1.5%
Fifth Third Bancorp1.5%
Avnet, Inc.1.4%
Interpublic Group of Cos., Inc.1.4%
Parker Hannifin Corp.1.4%
Stanley Black & Decker, Inc.1.4%
Assurant, Inc.1.3%
Host Hotels & Resorts LP1.2%
Owens Corning1.2%

Retirement Income and Appreciation Fund
Holding NamePercentage
Ginnie Mae REMIC Trust, 3.200%, Due 11/16/20443.3%
Ginnie Mae REMIC Trust, 2.170%, Due 4/16/20413.0%
Freddie Mac Gold Pool, 3.50%, Due 6/1/422.4%
Ginnie Mae REMIC Trust, 1.450%, Due 4/16/20392.1%
Fannie Mae Pool, 5.00%, Due 1/1/411.8%
National Credit Union Administration, 0.625%, Due 3/11/201.6%
ING Bank N.V., 3.750%, Due 3/7/2017, 144A1.3%
Bank of America Corp., 4.125%, Due 1/22/20241.1%
Freddie Mac Gold Pool, 4.00%, Due 1/1/411.1%
Goldman Sachs Group, Inc., 6.000%, Due 6/15/20201.1%

S&P 500 Index Fund

Short-Term Bond Fund
Holding NamePercentage
National Credit Union Administration, 0.606%, Due 1/8/20203.4%
National Credit Union Administration, 0.625%, Due 3/11/203.4%
Capital Auto Receivables Asset Trust 2013-1, 0.920%, Due 9/20/162.6%
Nissan Master Owner Trust Receivables, 0.503%, Due 2/15/182.6%
Morgan Stanley, 3.450%, Due 11/2/152.3%
AbbVie, Inc., 1.200%, Due 11/6/152.2%
AT&T, Inc., 1.146%, Due 11/27/182.2%
General Electric Capital Corp., 1.500%, Due 7/12/162.2%
Nissan Motor Acceptance Corp., 0.946%, Due 9/26/16, 144A2.2%
Volkswagen International Finance N.V., 1.15%, Due 11/20/15, 144A2.2%

SGA Global Growth Fund
Holding NamePercentage
Lowe's Cos., Inc.3.8%
Visa, Inc.3.8%
Monsanto Co.3.7%
State Street Corp.3.6%
Aon PLC3.3%
Colgate-Palmolive Co.3.3%
Google, Inc.3.2%
Schlumberger Ltd.4.2%
Nestle S.A.3.9%

SiM High Yield Opportunities Fund
Holding NamePercentage
Continental Airlines Finance Trust II, 6.00%, Due 11/15/302.6%
DaVita, Inc., 5.750%, Due 8/15/222.3%
DigitalGlobe, Inc., 5.250%, Due 2/1/20212.3%
Tenet Healthcare Corp., 4.500%, Due 4/1/212.3%
ADS Tactical, Inc., 11.00%, Due 4/1/18, 144A2.2%
Mexico Government Bond, 5.000%, Due 6/15/172.2%
Sealed Air Corp., 6.500%, Due 12/1/20, 144A2.2%
MGM Resorts International, 7.750%, Due 3/15/20222.1%
Simmons Foods, Inc., 10.500%, Due 11/1/17, 144A2.1%
Southern Graphics, Inc., 8.375%, Due 10/15/20, 144A2.1%

Small Cap Index Fund

Small Cap Value Fund
Holding NamePercentage
First Horizon National Corp.1.0%
LifePoint Hospitals, Inc.0.8%
Con-way, Inc.0.7%
HealthSouth Corp.0.7%
Oshkosh Corp.0.7%
Vishay Intertechnology, Inc.0.7%
American Axle & Manufacturing Holdings, Inc.0.6%
Synovus Financial Corp.0.6%
Webster Financial Corp.0.6%
WellCare Health Plans, Inc.0.6%

Small Cap Value II Fund
Holding NamePercentage
Bancorp, Inc.1.9%
Photronics, Inc.1.8%
Unit Corp.1.5%
EMCOR Group, Inc.1.4%
MasTec, Inc.1.4%
ConnectOne Bancorp, Inc.1.3%
EnPro Industries, Inc.1.3%
Federated National Holding Co.1.3%
Barnes Group, Inc.1.2%
Patterson-UTI Energy, Inc.1.2%

Stephens Mid-Cap Growth Fund
Holding NamePercentage
Illumina, Inc., 144A2.0%
Cerner Corp.1.7%
Core Laboratories NV1.6%
Alliance Data Systems Corp.1.5%
B/E Aerospace, Inc.1.5%
Stericycle, Inc.1.5%
Brown-Forman Corp.1.4%
Covance, Inc.1.4%
Monster Beverage Corp.1.4%
SVB Financial Group1.4%

Stephens Small Cap Growth Fund
Holding NamePercentage
CoStar Group, Inc.1.7%
WageWorks, Inc.1.6%
Cardtronics, Inc.1.5%
Encore Capital Group, Inc.1.5%
Medidata Solutions, Inc., 144A1.5%
Neogen Corp.1.5%
Pacira Pharmaceuticals, Inc.1.5%
Aspen Technology, Inc.1.4%
Proto Labs, Inc.1.4%
United Natural Foods, Inc.1.4%

The London Company Income Equity Fund
Holding NamePercentage
Pfizer, Inc.3.8%
Corning, Inc.3.6%
Kinder Morgan Management LLC3.6%
BlackRock, Inc.3.5%
Federated Investors, Inc.3.4%
Hasbro, Inc.4.1%
Wells Fargo & Co.4.1%
Albemarle Corp.3.8%
General Dynamics Corp.3.8%
Lorillard, Inc.3.8%

Treasury Inflation Protected Securities Fund
Holding NamePercentage
U.S. Treasury Note, 0.125%, Due 4/15/1715.0%
U.S. Treasury Note, 0.125%, Due 1/15/2211.2%
U.S. Treasury Note, 0.125%, Due 7/15/2210.5%
U.S. Treasury Note, 0.125%, Due 4/15/1610.4%
U.S. Treasury Note, 1.125%, Due 1/15/217.9%
U.S. Treasury Note, 2.125%, Due 1/15/196.6%
U.S. Treasury, 0.375%, Due 7/15/20235.3%
U.S. Treasury, 0.125%, Due 4/15/20184.8%
U.S. Treasury Note, 0.625%, Due 7/15/214.2%
U.S. Treasury Note, 1.875%, Due 7/15/20193.6%

Zebra Global Equity Fund
Holding NamePercentage
Royal Dutch Shell PLC1.7%
Exxon Mobil Corp.1.6%
Microsoft Corp.1.6%
Johnson & Johnson1.4%
Wells Fargo & Co.1.3%
Chevron Corp.1.2%
Nestle S.A.1.2%
Suncor Energy, Inc.1.2%
International Business Machines Corp.1.1%
Procter & Gamble Co.1.1%

Zebra Small Cap Equity Fund
Holding NamePercentage
Southwest Gas Corp.1.7%
Helen of Troy Ltd.1.5%
HSN, Inc.1.5%
Columbia Sportswear Co.1.4%
CVR Energy, Inc.1.3%
First Citizens BancShares, Inc.1.3%
Lancaster Colony Corp.1.3%
Syntel, Inc.1.3%
Remy International, Inc.1.2%
Amerco, Inc.1.1%

For a prospectus containing more information, including expenses, click here. Read it carefully before you invest or send money. Past performance is no guarantee of future results.