Quarterly Top 10 Holdings

American Beacon Quarterly Top 10s

Information as of 12/31/2013

HISTORICAL TOP TENS

Acadian Emerging Markets Managed Volatility Fund
Holding NamePercentage
Avianca Holdings S.A.1.0%
Steinhoff International Holdings Ltd.1.0%
Tencent Holdings Ltd.1.0%
Wipro Ltd.1.0%
WNS Holdings Ltd.1.0%
America Movil, S.A.B. de C.V.0.9%
Dr Reddys Laboratories Ltd.0.9%
Grupo Televisa SA0.9%
Infosys Technologies Ltd.0.9%
Telefonica Brasil S.A.0.9%

Balanced Fund
Holding NamePercentage
JPMorgan Chase & Co.2.5%
Bank of America Corp.1.6%
Citigroup, Inc.1.5%
Wells Fargo & Co.1.5%
BP plc1.4%
Microsoft Corp.1.4%
WellPoint, Inc.1.4%
Merck & Co., Inc.1.3%
Pfizer, Inc.1.2%
AT&T, Inc.1.1%

Bridgeway Large Cap Value Fund
Holding NamePercentage
Best Buy Co., Inc.1.4%
Southwest Airlines Co.1.4%
Valero Energy Corp.1.4%
Marathon Petroleum Corp.1.3%
Micron Technology, Inc.1.3%
AT&T, Inc.1.2%
ConocoPhillips1.2%
Exxon Mobil Corp.1.2%
Pfizer, Inc.1.2%
WellPoint, Inc.1.2%

Earnest Partners Emerging Markets Equity Fund
Holding NamePercentage
China Oilfield Services Ltd. H4.7%
Controladora Commercial Mexicana, S.A.B. de C.V.4.5%
Samsung Electronics Co. Ltd.4.3%
Weichai Power Co., Ltd. H4.2%
ICICI Bank Ltd.3.7%
Jiangxi Copper Co., Ltd. H3.2%
Cielo S.A.3.1%
Advanced Semiconductor Engineering, Inc.2.9%
Bancolombia S.A.2.8%
POSCO2.8%

Emerging Markets Fund
Holding NamePercentage
Samsung Electronics Co. Ltd.3.8%
Petroleo Brasileiro S.A.2.9%
China Mobile Ltd.1.9%
Gazprom OAO1.9%
KB Financial Group, Inc.1.8%
Hyundai Motor Co. Ltd.1.7%
Sinotrans Ltd. H1.7%
Banco Santander Brasil S.A.1.6%
POSCO1.6%
Shinhan Financial Group Co. Ltd.1.6%

Flexible Bond Fund
Holding NamePercentage
Federal National Mortgage Association, 3.000%, Due 12/1/992.9%
Federal Home Loan Bank Discount Notes, 0.060%, Due 1/24/142.4%
U.S. Treasury Bill, 0.080%, Due 8/21/142.2%
BNP Paribas Repo, 0.030%, Due 1/2/142.0%
Italy Government Bond, 5.000%, Due 8/1/391.9%
Ginnie Mae REMIC Trust, 1.001%, Due 7/20/621.7%
Mexico Government Bond, 8.500%, Due 5/31/291.6%
U.S. Treasury, 2.875%, Due 5/15/431.6%
Mexico Government Bond, 7.750%, Due 11/13/421.5%
Poland Government Bond, 5.25%, Due 10/25/201.5%

Global Evolution Frontier Markets Income Fund

High Yield Bond Fund
Holding NamePercentage
Clear Channel Communications, Inc., 9.00%, Due 3/1/210.8%
E*Trade Financial Corp., 6.375%, Due 11/15/190.8%
Sabine Pass LNG LP, 7.500%, Due 11/30/160.7%
Ally Financial, Inc., 7.500%, Due 9/15/200.6%
Clear Channel Worldwide Holdings, Inc., 7.625%, Due 3/15/200.6%
EPL Oil & Gas, Inc., 8.250%, Due 2/15/180.6%
Sprint Nextel Corp., 11.500%, Due 11/15/210.6%
ArcelorMittal, 6.000%, Due 3/1/210.5%
Cumulus Media Holdings, Inc., 7.750%, Due 5/1/190.5%
Hercules Offshore, Inc., 10.250%, Due 4/1/19, 144A0.5%

Holland Large Cap Growth Fund
Holding NamePercentage
Qualcomm, Inc.4.5%
Visa, Inc.4.3%
Amazon.com, Inc.4.2%
Range Resources Corp.4.0%
Citrix Systems, Inc.3.5%
Google, Inc.3.5%
Adobe Systems, Inc.3.0%
Apple, Inc.3.0%
Priceline.com, Inc.3.0%
Cisco Systems, Inc.2.7%

Intermediate Bond Fund
Holding NamePercentage
GNR Project Loans, 2.170%, Due 4/16/411.6%
Fannie Mae Pool, 4.50%, Due 4/1/411.3%
Fannie Mae Pool, 4.00%, Due 12/1/401.2%
Ally Master Owner Trust, 1.21%, Due 6/15/171.0%
Freddie Mac Gold Pool, 3.50%, Due 6/1/421.0%
Bear Stearns Cos. LLC, 7.250%, Due 2/1/20180.9%
Citigroup, Inc., 8.50%, Due 5/22/190.9%
Fannie Mae Pool, 5.00%, Due 5/1/20400.9%
Freddie Mac Gold Pool, 3.500%, Due 9/1/20280.9%
GNR Project Loans, 1.732%, Due 5/16/20420.9%

International Equity Fund
Holding NamePercentage
Novartis AG Reg2.6%
Sanofi2.6%
Bayer AG Reg2.2%
BNP Paribas2.2%
Royal Dutch Shell PLC2.2%
Lloyds Banking Group PLC2.0%
Akzo Nobel1.8%
Siemens AG Reg1.6%
British American Tobacco plc1.4%
Vodafone Group plc1.4%

International Equity Index Fund
Holding NamePercentage
Nestle S.A.1.8%
HSBC Holdings PLC1.5%
Roche Holding Ltd.1.5%
Novartis AG1.4%
Vodafone Group plc1.4%
Toyota Motor Corp.1.2%
BP plc1.1%
GlaxoSmithKline plc1.0%
Royal Dutch Shell PLC1.0%
Total S.A.1.0%

Large Cap Value Fund
Holding NamePercentage
JPMorgan Chase & Co.4.0%
Wells Fargo & Co.2.6%
Bank of America Corp.2.4%
Citigroup2.3%
Microsoft Corp.2.1%
Pfizer, Inc.2.0%
BP plc1.9%
Merck & Co., Inc.1.8%
Target Corp.1.7%
WellPoint, Inc.1.7%

Mid-Cap Value Fund
Holding NamePercentage
Avnet, Inc.1.6%
Cigna Corp.1.6%
Willis Group Holdings plc1.6%
Fifth Third Bancorp1.5%
Parker Hannifin Corp.1.5%
Interpublic Group of Cos., Inc.1.4%
Microchip Technology, Inc.1.3%
Rockwood Holdings, Inc.1.3%
Stanley Black & Decker, Inc.1.3%
Assurant, Inc.1.2%

Retirement Income and Appreciation Fund
Holding NamePercentage
GNR Project Loans, 3.200%, Due 11/16/442.3%
GNR Project Loans, 2.170%, Due 4/16/412.2%
Freddie Mac Gold Pool, 3.50%, Due 6/1/421.7%
GNR Project Loans, 2.700%, Due 4/16/431.7%
GNR Project Loans, 1.450%, Due 4/16/391.5%
Ally Master Owner Trust, 1.21%, Due 6/15/171.4%
Fannie Mae Pool, 5.00%, Due 1/1/411.3%
GNR Project Loans, 2.543%, Due 9/16/441.3%
National Credit Union Administration, 0.674%, Due 10/7/201.3%
Citigroup, Inc., 8.50%, Due 5/22/191.2%

S&P 500 Index Fund
Holding NamePercentage
Apple, Inc.3.1%
Exxon Mobil Corp.2.7%
Google Inc.1.9%
General Electric Company1.7%
Microsoft Corp.1.7%
Johnson & Johnson1.6%
Chevron Corp.1.5%
JPMorgan Chase & Co.1.3%
Procter & Gamble Co.1.3%
Wells Fargo & Co.1.3%

Short-Term Bond Fund
Holding NamePercentage
National Credit Union Administration, 0.619%, Due 1/8/203.5%
National Credit Union Administration, 0.625%, Due 3/11/203.4%
Capital Auto Receivables Asset Trust 2013-1, 0.920%, Due 9/20/162.5%
Nissan Master Owner Trust Receivables, 0.503%, Due 2/15/182.5%
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%
Morgan Stanley, 3.450%, Due 11/2/152.2%
Volkswagen International Finance N.V., 1.15%, Due 11/20/15, 144A2.2%
Nissan Motor Acceptance Corp., 0.946%, Due 9/26/16, 144A2.1%

SGA Global Growth Fund
Holding NamePercentage
Visa, Inc.4.2%
eBay, Inc.4.1%
Lowe's Cos., Inc.4.0%
Monsanto Co.3.9%
Schlumberger Ltd.3.9%
State Street Corp.3.8%
Google, Inc.3.3%
SAP AG3.2%
Starwood Hotels & Resorts Worldwide, Inc.3.1%
Danone S.A.3.0%

SiM High Yield Opportunities Fund
Holding NamePercentage
Continental Airlines Finance Trust II, 6.00%, Due 11/15/302.7%
DaVita, Inc., 5.750%, Due 8/15/222.4%
DigitalGlobe, Inc., 5.250%, Due 2/1/21, 144A2.4%
Tenet Healthcare Corp., 4.500%, Due 4/1/212.4%
Interface Security Systems Holdings, Inc., 9.250%, Due 1/15/18, 144A2.3%
Mexico Government Bond, 5.000%, Due 6/15/172.3%
Sealed Air Corp., 6.500%, Due 12/1/20, 144A2.3%
Nord Anglia Education UK Holdings plc, 10.25%, Due 4/1/17, 144A2.2%
Simmons Foods, Inc., 10.500%, Due 11/1/17, 144A2.2%
Southern Graphics, Inc., 8.375%, Due 10/15/20, 144A2.2%

Small Cap Index Fund
Holding NamePercentage
Acuity Brands, Inc.0.3%
athenahealth, Inc.0.3%
CoStar Group, Inc.0.3%
Isis Pharmaceuticals, Inc.0.3%
Middleby Corp.0.3%
ALIGN TECHNOLOGY INC.0.2%
Brunswick Corp.0.2%
CNO Financial Group, Inc.0.2%
PTC INC0.2%
Ultimate Software Group, Inc.0.2%

Small Cap Value Fund
Holding NamePercentage
First Horizon National Corp.0.9%
LifePoint Hospitals, Inc.0.8%
Aspen Insurance Holdings Ltd.0.7%
Con-way, Inc.0.7%
HealthSouth Corp.0.7%
Brunswick Corp.0.6%
Endurance Specialty Holdings Ltd.0.6%
Oshkosh Corp.0.6%
Synovus Financial Corp.0.6%
Vishay Intertechnology, Inc.0.6%

Small Cap Value II Fund
Holding NamePercentage
JPMorgan U.S. Government Money Market Fund, Capital Class7.2%
Photronics, Inc.2.0%
Bancorp, Inc.1.9%
Protective Life Corp.1.3%
Barnes Group, Inc.1.2%
EMCOR Group, Inc.1.2%
Unit Corp.1.2%
Cabot Corp.1.1%
ConnectOne Bancorp, Inc.1.1%
OM Group, Inc.1.1%

Stephens Mid-Cap Growth Fund
Holding NamePercentage
Illumina, Inc.1.8%
Cerner Corp.1.7%
LKQ Corp.1.7%
Core Laboratories NV1.6%
Alliance Data Systems Corp.1.5%
B/E Aerospace, Inc.1.5%
IntercontinentalExchange Group, Inc.1.5%
Stericycle, Inc.1.5%
Verisk Analytics, Inc.1.5%
Affiliated Managers Group, Inc.1.4%

Stephens Small Cap Growth Fund
Holding NamePercentage
Encore Capital Group, Inc.1.8%
WageWorks, Inc.1.8%
CoStar Group, Inc.1.7%
Cardtronics, Inc.1.6%
Medidata Solutions, Inc., 144A1.6%
Aspen Technology, Inc.1.5%
Euronet Worldwide, Inc.1.5%
Neogen Corp.1.5%
Proto Labs, Inc.1.5%
United Natural Foods, Inc.1.5%

The London Company Income Equity Fund
Holding NamePercentage
Hasbro, Inc.4.3%
Wells Fargo & Co.4.0%
Albemarle Corp.3.8%
Lorillard, Inc.3.8%
Pfizer, Inc.3.8%
BlackRock, Inc.3.7%
General Dynamics Corp.3.5%
Altria Group, Inc.3.4%
Federated Investors, Inc.3.4%
Kinder Morgan Management LLC3.4%

Treasury Inflation Protected Securities Fund
Holding NamePercentage
U.S. Treasury Note, 0.125%, Due 1/15/2213.3%
U.S. Treasury Note, 0.125%, Due 4/15/1612.8%
U.S. Treasury Note, 0.125%, Due 7/15/2211.6%
U.S. Treasury Note, 0.125%, Due 4/15/1711.1%
U.S. Treasury Note, 1.375%, Due 1/15/20205.8%
U.S. Treasury Note, 2.125%, Due 1/15/195.3%
U.S. Treasury Note, 2.375%, Due 1/15/173.7%
U.S. Treasury Note, 2.00%, Due 1/15/163.6%
U.S. Treasury, 0.125%, Due 4/15/20183.6%
U.S. Treasury, 0.375%, Due 7/15/20233.6%

Zebra Global Equity Fund
Holding NamePercentage
Nestle S.A. Reg1.6%
BHP Billiton Ltd.1.3%
Microsoft Corp.1.3%
Exxon Mobil Corp.1.2%
Qualcomm, Inc.1.2%
Royal Dutch Shell PLC1.2%
Wal-Mart Stores, Inc.1.1%
International Business Machines Corp.1.0%
AT&T, Inc.0.9%
British American Tobacco plc0.9%

Zebra Small Cap Equity Fund
Holding NamePercentage
Southwest Gas Corp.1.8%
HSN, Inc.1.6%
Columbia Sportswear Co.1.4%
CTC Media, Inc.1.3%
CVR Energy, Inc.1.3%
Syntel, Inc.1.3%
Amerco, Inc.1.2%
First Citizens BancShares, Inc.1.2%
Remy International, Inc.1.2%
Lancaster Colony Corp.1.1%

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