SCHEDULE OF INVESTMENTS.

SHORT-TERM INVESTMENTS - 86.44%

U.S. Treasury Obligations - 86.44%

U.S. Treasury Bills,

4.518%, Due 4/17/2025^{A B}

4.422%, Due 4/24/2025^{A B C}

4.409%, Due 5/22/2025^{A B C}

4.300%, Due 6/5/2025^{A B C}

4.268%, Due 6/12/2025^{A B C}

4.259%, Due 6/26/2025^{A B}

4.291%, Due 7/3/2025^{A B C}

4.296%, Due 7/10/2025^{A B}

4.296%, Due 7/17/2025^{A B C}

4.346%, Due 7/24/2025^{A B}

4.339%, Due 8/7/2025^{A B C}

4.246%, Due 9/4/2025^{A B}

4.224%, Due 9/11/2025^{A B}

Total Short-Term Investments (Cost $2,464,756,773)

TOTAL INVESTMENTS - 86.44% (Cost $2,464,756,773)

OTHER ASSETS, NET OF LIABILITIES - 13.56%

TOTAL NET ASSETS - 100.00%

Coupon represents a weighted average yield to maturity.

Zero coupon bond.

All or a portion represents positions held by the American Beacon Cayman Managed Futures Strategy Fund, Ltd

Description

Expiration Date

COMEX Copper Futures^A

COMEX Gold 100 Troy Ounces Futures^A

COMEX Silver Futures^A

ICE Cocoa Futures^A

ICE Robusta Coffee Futures 10-Tonne^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

ICE U.S.- Henry Ld1 Fixed Price Futures^A

LME Copper Futures^A

LME Copper Futures^A

Description

Expiration Date

LME Lead Futures^A

LME Nickel Futures^A

LME Nickel Futures^A

LME Primary Aluminum Futures^A

LME Primary Aluminum Futures^A

LME Primary Aluminum Futures^A

LME Zinc Futures^A

LME Zinc Futures^A

MDE Crude Palm Oil Futures^A

NYBOT CSC C Coffee Futures^A

NYBOT CSC C Coffee Futures^A

NYBOT CSC Cocoa Futures^A

NYBOT CSC Number 11 World Sugar Futures^A

NYMEX Henry Hub Natural Gas Futures^A

Description

Expiration Date

NYBOT FINEX U.S. Dollar Index Futures

Description

Expiration Date

Borsa Italiana FTSE/MIB Index Futures

Eurex DAX Index Futures

Eurex EURO STOXX 50 Futures

Euronext CAC 40 Index Futures

HKG Hang Seng China Enterprises Index Futures

HKG Hang Seng Index Futures

ICE FTSE 100 Index Futures

ICE U.S. Mini MSCI EAFE Index Futures

ICE U.S. MSCI Emerging Markets Index Futures

Montreal Exchange S&P/TSX 60 Index Futures

OML Stockholm OMXS30 Index Futures

SAFEX FTSE/JSE Top 40 Index Futures

SGX FTSE China A50 Futures Contract

SGX MSCI Singapore Index Futures

TSE TOPIX Futures

Description

Expiration Date

3 Month Euro Euribor Futures

3 Month Euro Euribor Futures

CBOT 5 Year U.S. Treasury Notes Futures

Eurex Euro-BTP Italian Bond Futures

Montreal Exchange 10 Year Canadian Bond Futures

Three-Month SOFR Futures

Three-Month SOFR Futures

Three Month SONIA Index Futures

Description

Expiration Date

Three Month SONIA Index Futures

Description

CBOT Corn Futures^A

CBOT Corn Futures^A

CBOT Soybean Futures^A

CBOT Soybean Futures^A

CBOT Soybean Meal Futures^A

CBOT Soybean Meal Futures^A

CBOT Soybean Oil Futures^A

CBOT Soybean Oil Futures^A

CME Lean Hogs Futures^A

Euronext Milling Wheat Futures^A

Euronext Milling Wheat Futures^A

Euronext Rapeseed Futures^A

ICE Brent Crude Oil Futures^A

ICE Gas Oil Futures^A

KCBT Hard Red Winter Wheat Futures^A

KCBT Hard Red Winter Wheat Futures^A

LME Copper Futures^A

LME Copper Futures^A

LME Lead Futures^A

LME Lead Futures^A

LME Nickel Futures^A

LME Nickel Futures^A

LME Primary Aluminum Futures^A

LME Primary Aluminum Futures^A

LME Primary Aluminum Futures^A

LME Zinc Futures^A

LME Zinc Futures^A

MGE Red Wheat Futures^A

MGE Red Wheat Futures^A

NYBOT CTN Number 2 Cotton Futures^A

NYMEX Light Sweet Crude Oil Futures^A

NYMEX NY Harbor ULSD Futures^A

NYMEX Palladium Futures^A

NYMEX Platinum Futures^A

NYMEX Reformulated Gasoline Blendstock for Oxygen Blending RBOB Futures^A

WCE Canola Futures^A

Description

Expiration Date

CME E-Mini NASDAQ 100 Index Futures

CME E-Mini Russell 2000 Index Futures

CME E-Mini S&P 500 Index Futures

NSE IFSC NIFTY 50 Index Futures

SFE S&P ASX Share Price Index 200 Futures

SGX FTSE Taiwan Index Futures

Description

Expiration Date

SGX Nikkei 225 Stock Index Futures

Description

Expiration Date

3 Month Euro Euribor Futures

CBOT 2 Year U.S. Treasury Notes Futures

CBOT 10 Year U.S. Treasury Notes Futures

CBOT U.S. Long Bond Futures

CBOT Ultra Long-Term U.S. Treasury Bond Futures

Eurex 2 Year Euro SCHATZ Futures

Eurex 5 Year Euro BOBL Futures

Eurex 10 Year Euro BUND Futures

Eurex 30 Year Euro BUXL Futures

Eurex Euro-BTP Italian Bond Futures

French Government Bond Futures

ICE Long Gilt Futures

SFE 3 Year Australian Bond Futures

SFE 10 Year Australian Bond Futures

Three-Month SOFR Futures

TSE Japanese 10 Year Bond Futures

All or a portion represents positions held by the American Beacon Cayman Managed Futures Strategy Fund, Ltd

Currency Purchased^*

Currency Purchased^*

Currency Purchased^*