American Beacon Quarterly Top 10s

Information as of 12/31/2012
Acadian Emerging Markets Managed Volatility Fund

Balanced Fund
Holding NamePercentage
JPMorgan Chase & Co.2.6%
Bank of America Corp.2.0%
Wells Fargo & Co.1.7%
Johnson & Johnson1.4%
Pfizer, Inc.1.4%
Microsoft Corp.1.3%
BP plc1.2%
Vodafone Group plc1.2%
Citigroup, Inc.1.0%
General Electric Co.1.0%

Bridgeway Large Cap Value Fund
Holding NamePercentage
Chevron Corp.2.9%
Chubb Corp.1.9%
Dillard's, Inc.1.9%
Lockheed Martin Corp.1.9%
Discover Financial Services1.8%
Travelers Cos., Inc.1.8%
Marathon Petroleum Corp.1.6%
Northrop Grumman Corp.1.5%
Aflac, Inc.1.4%
Bristol-Myers Squibb Co.1.4%

Earnest Partners Emerging Markets Equity Fund

Emerging Markets Fund
Holding NamePercentage
Petroleo Brasileiro S.A.3.2%
Samsung Electronics Co. Ltd.3.1%
China Mobile Ltd.2.1%
Gazprom OAO2.1%
Lukoil OAO2.1%
Hyundai Motor Co.1.8%
POSCO1.8%
KB Financial Group, Inc.1.6%
Banco Santander Brasil S.A.1.5%
TIM Participacoes S.A.1.4%

Flexible Bond Fund
Holding NamePercentage
U.S. Treasury Bond, 1.625%, Due 8/15/223.0%
U.S. Treasury Note, 2.375%, Due 1/15/252.8%
U.S. Treasury Bill, 0.01%, Due 11/14/132.3%
Mexican Bonos, 8.50%, Due 5/31/292.0%
U.S. Treasury Note, 0.50%, Due 10/15/132.0%
U.S. Treasury Note, 1.00%, Due 8/31/191.6%
Buoni Poliennali Del Tesoro, 5.00%, Due 8/1/391.4%
Poland Government Bond, 5.25%, Due 10/25/201.4%
U.S. Treasury Bond, 3.875%, Due 4/15/291.4%
U.S. Treasury Note, 0.75%, Due 9/15/131.3%

Global Evolution Frontier Markets Income Fund

High Yield Bond Fund
Holding NamePercentage
E*Trade Financial Corp., 6.375%, Due 11/15/191.0%
Cenveo Corp., 8.875%, Due 2/1/180.9%
Clear Channel Communications, Inc., 9.00%, Due 3/1/210.9%
Chesapeake Energy Corp., 6.625%, Due 8/15/200.6%
Nuveen Investments, Inc., 9.125%, Due 10/15/17, 144A0.6%
Sprint Nextel Corp., 8.375%, Due 8/15/170.6%
CHS/Community Health Systems, Inc., 8.00%, Due 11/15/190.5%
Reynolds Group Issuer Inc., 8.50%, Due 5/15/180.5%
Samson Investment Co., 9.75%, Due 2/15/20, 144A0.5%
Univision Communications, Inc., 7.875%, Due 11/1/20, 144A0.5%

Holland Large Cap Growth Fund
Holding NamePercentage
Qualcomm, Inc.4.6%
Range Resources Corp.4.3%
Amazon.com, Inc.3.9%
Visa, Inc.3.9%
Apple, Inc.3.7%
Citrix Systems, Inc.3.7%
Yum! Brands, Inc.3.7%
Covidien PLC3.6%
Cisco Systems, Inc.3.2%
Google, Inc.2.9%

Intermediate Bond Fund
Holding NamePercentage
Fannie Mae Pool, 4.50%, Due 4/1/411.6%
Government National Mortgage Association, 2.17%, Due 4/16/411.5%
Fannie Mae Pool, 4.00%, Due 12/1/401.3%
Freddie Mac Gold Pool, 3.00%, Due 8/1/421.2%
Freddie Mac Gold Pool, 3.50%, Due 6/1/421.2%
Fannie Mae Pool, 5.00%, Due 5/1/351.1%
Freddie Mac Gold Pool, 4.00%, Due 10/1/391.1%
Fannie Mae Pool, 4.00%, Due 9/1/410.9%
Wachovia Corp., 5.75%, Due 2/1/180.9%
Government National Mortgage Association, 1.732%, Due 5/16/420.8%

International Equity Fund
Holding NamePercentage
Sanofi2.8%
Novartis AG Reg2.3%
Bayer AG Reg1.9%
SAP AG1.8%
Akzo Nobel1.7%
Royal Dutch Shell plc1.7%
British American Tobacco plc1.6%
Toyota Motor Corp.1.5%
BNP Paribas1.4%
Merck KGaA1.4%

International Equity Index Fund

Large Cap Value Fund
Holding NamePercentage
JPMorgan Chase & Co.4.0%
Bank of America Corp.3.0%
Wells Fargo & Co.2.8%
Johnson & Johnson2.5%
Pfizer, Inc.2.3%
Microsoft Corp.1.9%
Vodafone Group plc1.8%
BP plc1.7%
Philip Morris International, Inc.1.7%
Citigroup1.6%

Mid-Cap Value Fund
Holding NamePercentage
Avnet, Inc.1.8%
L-3 Communications Holdings, Inc.1.7%
Masco Corp.1.7%
Fifth Third Bancorp1.6%
Willis Group Holdings plc1.6%
Rockwood Holdings, Inc.1.5%
Hasbro, Inc.1.4%
Invesco Ltd.1.4%
Stanley Black & Decker, Inc.1.4%
Royal Caribbean Cruises Ltd.1.3%

Retirement Income and Appreciation Fund
Holding NamePercentage
Government National Mortgage Association, 2.17%, Due 4/16/411.9%
Government National Mortgage Association, 2.70%, Due 4/16/431.9%
Government National Mortgage Association, 3.20%, Due 11/16/441.9%
Freddie Mac Gold Pool, 3.50%, Due 6/1/421.8%
Government National Mortgage Association, 2.21%, Due 12/16/351.7%
Fannie Mae Pool, 5.00%, Due 1/1/411.4%
Government National Mortgage Association, 2.543%, Due 9/16/441.4%
National Credit Union Administration, 0.625%, Due 3/11/201.2%
NCUA Guaranteed Notes, 0.64%, Due 10/7/201.2%
Ally Master Owner Trust, 1.21%, Due 6/15/171.1%

S&P 500 Index Fund
Holding NamePercentage
Apple, Inc.3.9%
Exxon Mobil Corp.3.1%
General Electric Co.1.7%
Chevron Corp.1.7%
International Business Machines Corp.1.6%
Microsoft Corp.1.6%
Johnson & Johnson1.5%
AT&T, Inc.1.5%
Google Inc.1.5%
Procter & Gamble Co.1.5%

Short-Term Bond Fund
Holding NamePercentage
National Credit Union Administration, 0.625%, Due 3/11/202.6%
National Credit Union Administration, 0.693%, Due 1/8/202.5%
AbbVie, Inc., 1.20%, Due 11/6/15, 144A2.2%
Ally Master Owner Trust, 1.031%, Due 9/15/161.8%
Government National Mortgage Association, 2.25%, Due 5/16/331.7%
Government National Mortgage Association, 2.45%, Due 7/16/321.7%
Government National Mortgage Association, 1.864%, Due 8/16/311.5%
ING Bank N.V., 1.808%, Due 6/9/14, 144A1.3%
MetLife Institutional Funding II, 1.481%, Due 4/4/14, 144A1.3%
National Australia Bank Ltd., 1.416%, Due 7/25/14, 144A1.3%

SGA Global Growth Fund

SiM High Yield Opportunities Fund
Holding NamePercentage
Continental Airlines Finance Trust II, 6.00%, Due 11/15/303.1%
Constellation Brands, Inc., 4.625%, Due 3/1/233.0%
Syncreon Global Ireland Ltd., 9.50%, Due 5/1/18, 144A3.0%
Nord Anglia Education UK Holdings plc, 10.25%, Due 4/1/17, 144A2.8%
HCA, Inc., 7.50%, Due 2/15/222.7%
Western Areas NL, 6.40%, Due 7/2/152.7%
Griffey Intermediate Inc., 7.00%, Due 10/15/20, 144A2.5%
Satmex Escrow SA de CV, 9.50%, Due 5/15/172.5%
Univision Communications, Inc., 6.75%, Due 9/15/22, 144A2.5%
NESCO LLC., 11.75%, Due 4/15/17, 144A2.4%

Small Cap Index Fund

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

Small Cap Value II Fund
Holding NamePercentage
Magellan Health Services, Inc.1.4%
Protective Life Corp.1.4%
Crane Co.1.2%
Hospitality Properties Trust1.2%
Andersons, Inc.1.1%
EMCOR Group, Inc.1.1%
Photronics, Inc.1.1%
Vishay Intertechnology, Inc.1.1%
Kennametal, Inc.1.0%
Old Dominion Freight Line, Inc.1.0%

Stephens Mid-Cap Growth Fund
Holding NamePercentage
Cerner Corp.1.8%
Discovery Communications, Inc.1.8%
Affiliated Managers Group, Inc.1.7%
Stericycle, Inc.1.7%
Alliance Data Systems Corp.1.6%
Airgas, Inc.1.5%
Catamaran Corp.1.5%
LKQ Corp.1.5%
Ulta Salon Cosmetics & Fragrance, Inc.1.5%
Whole Foods Market, Inc.1.5%

Stephens Small Cap Growth Fund
Holding NamePercentage
CoStar Group, Inc.1.8%
Lions Gate Entertainment Corp.1.8%
Encore Capital Group, Inc.1.7%
Advisory Board Co.1.6%
Aspen Technology, Inc.1.6%
First Cash Financial Services, Inc.1.6%
OSI Systems, Inc.1.6%
United Natural Foods, Inc.1.5%
Neogen Corp.1.4%
Sourcefire, Inc.1.4%

The London Company Income Equity Fund
Holding NamePercentage
Albemarle Corp.4.2%
NewMarket Corp.4.1%
Dominion Resources, Inc.3.9%
Wells Fargo & Co.3.9%
Pfizer, Inc.3.5%
Verizon Communications, Inc.3.5%
Bristol-Myers Squibb Co.3.2%
Coca-Cola Co.3.2%
Cincinnati Financial Corp.3.1%
Federated Investors, Inc.3.1%

Treasury Inflation Protected Securities Fund
Holding NamePercentage
U.S. Treasury Note, 0.125%, Due 4/15/1611.4%
U.S. Treasury Note, 0.125%, Due 7/15/2210.6%
U.S. Treasury Note, 1.125%, Due 1/15/219.2%
U.S. Treasury Note, 0.625%, Due 7/15/218.3%
U.S. Treasury Note, 1.625%, Due 1/15/158.3%
U.S. Treasury Note, 0.125%, Due 1/15/227.6%
U.S. Treasury Note, 2.125%, Due 1/15/197.1%
U.S. Treasury Note, 0.50%, Due 4/15/157.0%
U.S. Treasury Note, 2.50%, Due 7/15/165.2%
U.S. Treasury Note, 2.00%, Due 1/15/164.6%

Zebra Global Equity Fund
Holding NamePercentage
Chevron Corp.2.3%
Exxon Mobil Corp.2.2%
International Business Machines Corp.2.1%
Microsoft Corp.2.1%
Wal-Mart Stores, Inc.2.1%
Wells Fargo & Co.2.1%
Johnson & Johnson1.7%
Pfizer, Inc.1.7%
Oracle Corp.1.6%
General Electric Co.1.5%

Zebra Small Cap Equity Fund
Holding NamePercentage
United States Treasury Bill18.3%
Och-Ziff Capital Management Group LLC1.7%
Delek US Holdings, Inc.1.2%
KKR Financial Holdings LLC1.2%
Generac Holdings, Inc.1.1%
PDL BioPharma, Inc.1.0%
CTC Media, Inc.0.8%
Microsemi Corp.0.8%
Moog, Inc.0.8%
Sauer-Danfoss, Inc.0.8%

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.