Quarterly Top 10 Holdings

American Beacon Quarterly Top 10s

Information as of 09/30/2012

HISTORICAL TOP TENS

Acadian Emerging Markets Managed Volatility Fund

Balanced Fund
Holding NamePercentage
JPMorgan Chase & Co.2.4%
Wells Fargo & Co.1.7%
Bank of America Corp.1.6%
Pfizer, Inc.1.5%
Vodafone Group plc1.5%
Johnson & Johnson1.4%
Microsoft Corp.1.3%
General Electric Co.1.2%
BP plc1.1%
Citigroup, Inc.1.0%

Bridgeway Large Cap Value Fund
Holding NamePercentage
Chevron Corp.3.1%
Chubb Corp.2.2%
Gap, Inc.1.9%
Lockheed Martin Corp.1.9%
Discover Financial Services1.8%
Colgate-Palmolive Co.1.6%
Dillard's, Inc.1.6%
Travelers Cos., Inc.1.6%
Bristol-Myers Squibb Co.1.5%
CF Industries Holdings, Inc.1.5%

Earnest Partners Emerging Markets Equity Fund

Emerging Markets Fund
Holding NamePercentage
Petroleo Brasileiro S.A.3.5%
Samsung Electronics Co. Ltd.3.0%
Lukoil OAO2.2%
Hyundai Motor Co.2.1%
Gazprom OAO2.0%
China Mobile Ltd.1.7%
KB Financial Group, Inc.1.7%
POSCO1.6%
Korea Electric Power Corp.1.3%
Turkiye Garanti Bankasi A.S.1.3%

Flexible Bond Fund
Holding NamePercentage
U.S. Treasury Bond, 1.625%, Due 8/15/223.9%
U.S. Treasury Note, 0.125%, Due 7/15/223.6%
U.S. Treasury Bill, 0.09%, Due 12/13/123.3%
U.S. Treasury Note, 2.00%, Due 11/30/132.9%
U.S. Treasury Note, 0.50%, Due 10/15/132.6%
Mexican Bonos, 8.50%, Due 5/31/292.5%
U.S. Treasury Note, 1.00%, Due 8/31/192.1%
U.S. Treasury Note, 0.75%, Due 9/15/131.7%
U.S. Treasury Note, 1.875%, Due 4/30/141.5%
U.S. Treasury Note, 3.125%, Due 4/30/131.5%

High Yield Bond Fund
Holding NamePercentage
Clear Channel Communications, Inc., 9.00%, Due 3/1/211.0%
Cenveo Corp., 8.875%, Due 2/1/180.9%
Chesapeake Energy Corp., 6.625%, Due 8/15/200.7%
Cricket Communications, Inc., 7.75%, Due 10/15/200.7%
Sprint Nextel Corp., 8.375%, Due 8/15/170.7%
Clear Channel Worldwide Holdings, Inc., 7.625%, Due 3/15/200.6%
Energy XXI Gulf Coast, Inc., 9.25%, Due 12/15/170.6%
Nuveen Investments, Inc., 9.125%, Due 10/15/17, 144A0.6%
Reynolds Group Issuer Inc., 8.50%, Due 5/15/180.6%
Synovus Financial Corp., 7.875%, Due 2/15/190.6%

Holland Large Cap Growth Fund
Holding NamePercentage
Range Resources Corp.4.7%
Apple, Inc.4.6%
Qualcomm, Inc.4.6%
Citrix Systems, Inc.4.2%
Amazon.com, Inc.3.9%
Yum! Brands, Inc.3.8%
Covidien PLC3.7%
Visa, Inc.3.4%
Google, Inc.3.1%
Cisco Systems, Inc.3.0%

Intermediate Bond Fund
Holding NamePercentage
Fannie Mae Pool, 4.50%, Due 4/1/411.8%
Government National Mortgage Association, 2.17%, Due 4/16/411.5%
Fannie Mae Pool, 4.00%, Due 12/1/401.4%
Fannie Mae Pool, 5.00%, Due 5/1/351.3%
Freddie Mac Gold Pool, 3.50%, Due 6/1/421.3%
Freddie Mac Gold Pool, 3.000%, Due 8/1/20421.2%
Freddie Mac Gold Pool, 4.00%, Due 10/1/391.2%
Fannie Mae Pool, 4.00%, Due 9/1/411.0%
Government National Mortgage Association, 1.732%, Due 5/16/20420.9%
Wachovia Corp., 5.75%, Due 2/1/180.9%

International Equity Fund
Holding NamePercentage
Sanofi2.8%
Novartis AG Reg2.4%
Bayer AG Reg1.9%
Royal Dutch Shell plc1.9%
Total S.A.1.9%
SAP AG1.7%
British American Tobacco plc1.6%
Siemens AG Reg1.5%
Akzo Nobel N.V.1.4%
Merck KGaA1.4%

International Equity Index Fund
Holding NamePercentage
Nestle S.A.2.0%
HSBC Holdings plc1.6%
Novartis AG1.4%
Vodafone Group plc1.3%
BP plc1.3%
Roche Holding Ltd.1.3%
Royal Dutch Shell plc1.2%
GlaxoSmithKline plc1.1%
BHP Billiton Ltd.1.1%
Toyota Motor Corp.1.0%

Large Cap Value Fund
Holding NamePercentage
JPMorgan Chase & Co.3.8%
Wells Fargo & Co.2.9%
Pfizer, Inc.2.6%
Johnson & Johnson2.4%
Bank of America Corp.2.3%
Vodafone Group plc2.3%
Microsoft Corp.2.0%
General Electric Co.1.8%
Philip Morris International, Inc.1.8%
Citigroup1.6%

Mid-Cap Value Fund
Holding NamePercentage
Fifth Third Bancorp2.2%
Allstate Corp.1.6%
L-3 Communications Holdings, Inc.1.6%
Willis Group Holdings plc1.6%
Hasbro, Inc.1.5%
Masco Corp.1.5%
Avnet, Inc.1.4%
Invesco Ltd.1.4%
Stanley Black & Decker, Inc.1.4%
Staples, Inc.1.3%

Retirement Income and Appreciation Fund
Holding NamePercentage
Freddie Mac Gold Pool, 3.50%, Due 6/1/421.9%
Government National Mortgage Association, 3.20%, Due 11/16/441.9%
Government National Mortgage Association, 2.17%, Due 4/16/411.8%
Government National Mortgage Association, 2.70%, Due 4/16/431.8%
Fannie Mae Pool, 5.00%, Due 1/1/411.5%
Government National Mortgage Association, 2.543%, Due 9/16/441.4%
NCUA Guaranteed Notes, 0.590%, Due 3/11/20201.2%
NCUA Guaranteed Notes, 0.640%, Due 10/7/20201.2%
Ally Master Owner Trust, 1.210%, Due 6/15/20171.1%
Citigroup, Inc., 8.50%, Due 5/22/20191.0%

S&P 500 Index Fund
Holding NamePercentage
Apple, Inc.4.9%
Exxon Mobil Corp.3.3%
General Electric Co.1.9%
Chevron Corp.1.8%
Microsoft Corp.1.8%
International Business Machines Corp.1.7%
AT&T1.7%
Google Inc.1.6%
Procter & Gamble Co.1.5%
Johnson & Johnson1.5%

Short-Term Bond Fund
Holding NamePercentage
NCUA Guaranteed Notes, 0.590%, Due 3/11/20203.6%
National Credit Union Administration, 0.678%, Due 1/8/20203.5%
Ally Master Owner Trust, 1.031%, Due 9/15/162.4%
Government National Mortgage Association, 2.25%, Due 5/16/332.3%
Government National Mortgage Association, 2.45%, Due 7/16/322.3%
Government National Mortgage Association, 1.864%, Due 8/16/312.0%
BP Capital Markets plc, 1.074%, Due 3/11/141.8%
ING Bank N.V., 1.808%, Due 6/9/2014, 144A1.8%
MetLife Institutional Funding II, 1.481%, Due 4/4/14, 144A1.8%
National Australia Bank Ltd., 1.416%, Due 7/25/14, 144A1.8%

SiM High Yield Opportunities Fund
Holding NamePercentage
Mexican Bonos, 7.25%, Due 12/15/163.3%
Syncreon Global Ireland Ltd., 9.50%, Due 5/1/18, 144A3.3%
Tenet Healthcare Corp., 8.00%, Due 8/1/202.8%
VWR Funding, Inc., 10.75%, Due 6/30/17, 144A2.8%
ADS Tactical, Inc., 11.00%, Due 4/1/18, 144A2.7%
Continental Airlines Finance Trust II, 6.00%, Due 11/15/302.7%
Kindred Healthcare, Inc., 8.25%, Due 6/1/192.7%
Ducommun, Inc., 9.75%, Due 7/15/182.6%
Federal National Mortgage Association, 1.25%, Due 1/30/172.6%
Cirsa Funding Luxembourg S.A., 8.75%, Due 5/15/18, 144A2.5%

Small Cap Index Fund
Holding NamePercentage
Pharmacyclics, Inc.0.3%
athenahealth, Inc.0.3%
Two Harbors Investment Corp..0.3%
Cubist Pharmaceuticals, Inc.0.3%
Dril-Quip, Inc.0.2%
Genesee & Wyoming, Inc.0.2%
Ocwen Financial Corp.0.2%
HMS Holdings Corp.0.2%
United Natural Foods, Inc.0.2%
Energy XXI Bermuda Ltd.0.2%

Small Cap Value Fund
Holding NamePercentage
HealthSouth Corp.0.9%
Endurance Specialty Holdings Ltd.0.8%
First Horizon National Corp.0.8%
LifePoint Hospitals, Inc.0.8%
Rent-A-Center, Inc.0.8%
Aspen Insurance Holdings Ltd.0.7%
Atlas Air Worldwide Holdings, Inc.0.7%
Oshkosh Corp.0.7%
Valassis Communications, Inc.0.7%
Vishay Intertechnology, Inc.0.7%

Small Cap Value II Fund
Holding NamePercentage
Magellan Health Services, Inc.1.4%
Barnes Group, Inc.1.1%
Crane Co.1.1%
Hospitality Properties Trust1.1%
Vishay Intertechnology, Inc.1.1%
Washington Federal, Inc.1.1%
EMCOR Group, Inc.1.0%
Kennametal, Inc.1.0%
Old Dominion Freight Line, Inc.1.0%
Netgear, Inc.0.9%

Stephens Mid-Cap Growth Fund
Holding NamePercentage
Cerner Corp.1.8%
Whole Foods Market, Inc.1.8%
Discovery Communications, Inc.1.7%
Affiliated Managers Group, Inc.1.6%
Alliance Data Systems Corp.1.6%
Portfolio Recovery Associates, Inc.1.6%
Red Hat, Inc.1.6%
Ross Stores, Inc.1.6%
Stericycle, Inc.1.6%
Catamaran Corp.1.5%

Stephens Small Cap Growth Fund
Holding NamePercentage
OSI Systems, Inc.1.9%
Advisory Board Co.1.7%
Lions Gate Entertainment Corp.1.6%
Portfolio Recovery Associates, Inc.1.6%
United Natural Foods, Inc.1.6%
CoStar Group, Inc.1.5%
Encore Capital Group, Inc.1.5%
First Cash Financial Services, Inc.1.5%
Aspen Technology, Inc.1.4%
Buffalo Wild Wings, Inc.1.4%

The London Company Income Equity Fund
Holding NamePercentage
Dominion Resources, Inc.3.9%
Microsoft Corp.3.9%
Wells Fargo & Co.3.9%
NewMarket Corp.3.8%
Albemarle Corp.3.6%
Verizon Communications, Inc.3.6%
Pfizer, Inc.3.4%
Bristol-Myers Squibb Co.3.3%
Coca-Cola Co.3.3%
Wal-Mart Stores, Inc.3.2%

Treasury Inflation Protected Securities Fund
Holding NamePercentage
U.S. Treasury Note, 0.125%, Due 4/15/1614.0%
U.S. Treasury Note, 0.625%, Due 7/15/2111.2%
U.S. Treasury Note, 1.125%, Due 1/15/2110.0%
U.S. Treasury Note, 0.125%, Due 1/15/229.6%
U.S. Treasury Note, 0.50%, Due 4/15/156.9%
U.S. Treasury Note, 2.125%, Due 1/15/196.2%
U.S. Treasury Note, 2.50%, Due 7/15/166.1%
U.S. Treasury Note, 2.00%, Due 1/15/144.6%
U.S. Treasury Note, 2.375%, Due 1/15/174.5%
U.S. Treasury Note, 2.00%, Due 1/15/164.4%

Zebra Global Equity Fund

Zebra Small Cap Equity Fund
Holding NamePercentage
Delek US Holdings, Inc.1.3%
KKR Financial Holdings LLC1.3%
Och-Ziff Capital Management Group LLC1.1%
PDL BioPharma, Inc.1.0%
Select Medical Holdings Corp.0.9%
Dole Food Co. Inc0.7%
Generac Holdings, Inc.0.7%
Moog, Inc.0.7%
Portfolio Recovery Associates, Inc.0.7%
Symetra Financial Corp.0.7%

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.