American Beacon

American Beacon Garcia Hamilton Quality Bond Fund

Portfolio information as of December 31, 2018

Summary
Performance
Overview

Investment Objective

The Fund’s investment objective is to provide income, quality and liquidity consistent with the preservation of capital.

an anchor for asset allocation

Garcia Hamilton & Associates, LP, based in Houston, Texas, is an investment management company that offers high-quality, fixed-income strategies for institutional investors. Founded in 1988, the firm’s diversified client base includes public funds, jointly trusteed plans, endowments and corporations.

Firm inception: 1988

Portfolio Managers:

Gilbert Andrew Garcia, CFA, Managing Partner and Portfolio Manager, industry since 1985
Nancy Rodriguez, Portfolio Manager,
industry since 1987

top-down, active
portfolio management

The Fund is actively managed against the Bloomberg Barclays Capital U.S. Aggregate Index and it generally maintains a duration range of +/- 10% of that benchmark’s duration. However, the Fund has the flexibility to reduce duration for defensive purposes during extreme rising interest-rate environments. With a maximum duration of seven years, the Fund’s goal is to outperform the benchmark, net of fees, over a full market cycle using a high-quality strategy with less risk, lower volatility and low turnover.

Total Fund Assets

$288.3 Million

Sub-Advisor (%)

Garcia Hamilton & Associates, LP

100.0

FUND overview flyer*

An Anchor
for Asset Allocation

sub-advisor video

Gilbert A. Garcia, CFA,
Garcia Hamilton & Associates, LP [1:40]

*For investment professional use only. Login required.

Symbols and NAVs

Class	Symbol	NAV*
Institutional	GHQIX	9.88
Investor	GHQPX	9.88
Y	GHQYX	9.88

*NAV values as of: 2/15/2019
Historical NAVs are viewable from the Daily NAVs page.

The use of fixed-income securities entails interest rate and credit risks. Credit risk is the risk that the issuer of a bond will fail to make timely payment of interest or principal; and the decline in an issuer’s credit rating can cause the price of its bonds to go down. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

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.

American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds and American Beacon Garcia Hamilton Quality Bond Fund are service marks of American Beacon Advisors, Inc.

TOTAL RETURNS

Share Class	Inception Date	CUSIP	Symbol	NAV	QTR*	YTD*	1 Year	3 Year	5 Year	10 Year / Since Inception*
Institutional	04/04/2016	024525255	GHQIX	9.83	0.19	0.88	0.88	-	-	1.02
Investor	04/04/2016	024525248	GHQPX	9.83	0.09	0.50	0.50	-	-	0.64
Y	04/04/2016	024525263	GHQYX	9.83	0.26	0.88	0.88	-	-	0.92

Benchmark	QTR	YTD	1 Year	3 Year	5 Year	10 Year / Since Inception*
Bloomberg Barclays US Aggregate Bond Index	1.64	0.01	0.01	-	-	1.13

Expense Ratios

Share Class	Gross	Net¹
Institutional	0.70	0.45
Investor	0.94	0.83
Y	0.77	0.55

SEC 30-Day Yield

Share Class	Actual	Unsubsidized²
Institutional	2.38	2.22
Investor	2.00	0.94
Y	2.29	2.13

Distribution Frequency

Monthly

Performance shown is historical and is not indicative of future returns. Investment returns and principal value will vary, and shares may be worth more or less at redemption than at original purchase. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted. To obtain performance as of the most recent month end, click here.

Net asset value (NAV) is the value of one share of the portfolio excluding any sales charges.
*Annualized. See the performance notes on the next page for more information.

¹The net expense ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through February 28, 2019.

²The SEC 30-day yield is shown with (Actual) and without (Unsubsidized) the effect of any waivers/reimbursements during the period.

Important Information: All investing involves risk, including possible loss of principal. Indexes are unmanaged and one cannot invest directly in an index.

A portion of fees charged to each Class of the Fund has been waived since inception. Performance prior to waiving fees was lower than actual returns shown since inception.

The Bloomberg Barclays Capital U.S. Aggregate Index is a market value weighted performance benchmark for government, corporate, mortgage-backed and asset-backed fixed-rate debt securities of all maturities.

American Beacon Funds and American Beacon Garcia Hamilton Quality Bond Fund are service marks of American Beacon Advisors, Inc.

Sector Weightings (%)

U.S. Gov't Agency	41.3
Financial	24.6
U.S. Treasury	8.6
Communications	6.9
Technology	6.4
Consumer Non-Cyclical	4.6
Basic Materials	2.8
U.S. Gov't Agency MBS	2.0
Utilities	1.4
Energy	1.4

Excludes cash. May not equal 100% due to rounding.

Portfolio Statistics

Effective Maturity (years)	4.10
Effective Duration (years)	1.80

Top 10 Holdings (%)

Federal Home Loan Bank, 2.657%, Due 12/18/20	8.7
Federal Home Loan Bank, 2.416%, Due 5/8/20	7.6
Federal Farm Credit Banks, 2.605%, Due 3/15/19	5.0
Federal Home Loan Bank, 2.160%, Due 10/11/19	5.0
Federal Home Loan Mortgage Corp., 2.243%, Due 7/5/19	3.9
EI du Pont de Nemours & Co., 3.071%, Due 5/1/20	2.7
Comcast Corp., 3.127%, Due 10/1/20	2.4
Federal Farm Credit Banks, 2.320%, Due 5/11/20	2.4
American Express Credit Corp., 3.438%, Due 3/3/22	2.4
Walt Disney Co., 3.126%, Due 3/4/22	2.3
Total Fund Holdings	40

Duration Distribution

0 to 2 Years	90.5
2 to 4 Years	1.0
10+ Years	8.5

Credit Quality (%)

Reflects the rating assessed by Standard & Poor's (S&P). If a security is not rated by S&P, the rating represents the rating assessed by Moody's as converted to the equivalent S&P major rating category. Excludes cash.

Duration is a measure of price sensitivity relative to changes in interest rates.

Securities of the Fund may only be sold by offering the Fund’s prospectus and summary prospectus. You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and additional information regarding the Fund. To obtain a prospectus and summary prospectus, please contact your financial advisor, call 800.967.9009 or visit americanbeaconfunds.com. The prospectus and summary prospectus should be read carefully before investing.

S&P credit ratings for long-term obligations (or issuers thereof) are AAA, AA, A, BBB, BB, B, CCC, CC, C and D in decreasing order. For example, obligations rated AAA are judged to be of the highest quality, BBB to be of medium grade, CCC are judged to be speculative and obligations rated D are in default. Obligations rated in one of the four highest categories are considered to be investment grade while all other ratings are considered non-investment grade.

This may contain information obtained from third parties, including ratings from credit ratings agencies such as Standard & Poor's. Reproduction and distribution of third-party content in any form is prohibited except with the prior written permission of the related third party. Third-party content providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such content. THIRD-PARTY CONTENT PROVIDERS GIVE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. THIRD-PARTY CONTENT PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPENSATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS OR LOSSES CAUSED BY NEGLIGENCE) IN CONNECTION WITH ANY USE OF THEIR CONTENT, INCLUDING RATINGS. Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the suitability of securities or the suitability of securities for investment purposes and should not be relied on as investment advice.

American Beacon Funds and American Beacon Garcia Hamilton Quality Bond Fund are service marks of American Beacon Advisors, Inc.

Fixed Income	99.3
Cash Equivalent	0.7

AA	9.4
A	32.2
BBB	6.5
U.S. Agency	43.3
U.S. Treasury	8.6

0 to 3 Years	68.4
3 to 5 Years	22.1
5 to 7 Years	0.6
7 to 10 Years	0.4
15+ Years	8.5

American Beacon Garcia Hamilton Quality Bond Fund

Portfolio information as of December 31, 2018

Investment Objective

an anchor for asset allocation

top-down, active
portfolio management

Total Fund Assets

Sub-Advisor (%)

FUND overview flyer*

sub-advisor video

Symbols and NAVs

Quarterly
Fund Materials

QUICK LINKs

TOTAL RETURNS

Expense Ratios

SEC 30-Day Yield

Sector Weightings (%)

Portfolio Statistics

Top 10 Holdings (%)

Duration Distribution

Asset Allocation (%)

Credit Quality (%)

Maturity distribution (%)

American Beacon Garcia Hamilton Quality Bond Fund

Portfolio information as of December 31, 2018

Investment Objective

an anchor for asset allocation

top-down, active portfolio management

Total Fund Assets

Sub-Advisor (%)

FUND overview flyer*

sub-advisor video

Symbols and NAVs

Quarterly Fund Materials

QUICK LINKs

TOTAL RETURNS

Expense Ratios

SEC 30-Day Yield

Sector Weightings (%)

Portfolio Statistics

Top 10 Holdings (%)

Duration Distribution

Asset Allocation (%)

Credit Quality (%)

Maturity distribution (%)

MY ACCOUNT

top-down, active
portfolio management

Quarterly
Fund Materials