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        <name>Royal Bank of Scotland PLC</name>
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      <invstOrSec>
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        <name>Royal Bank of Scotland PLC</name>
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      <invstOrSec>
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        <name>Royal Bank of Scotland PLC</name>
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        <name>HSBC Bank PLC</name>
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        <name>Citibank NA</name>
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      <invstOrSec>
        <name>HSBC Bank PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Royal Bank of Scotland PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citibank NA</name>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      <invstOrSec>
        <name>HSBC Bank PLC</name>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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      <invstOrSec>
        <name>Citibank NA</name>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Royal Bank of Scotland PLC</name>
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        <name>Citibank NA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC Bank PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas SA</name>
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        <name>HSBC Bank PLC</name>
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        <name>HSBC Bank PLC</name>
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        <name>Citibank NA</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <name>Citibank NA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC Bank PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Royal Bank of Scotland PLC</name>
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        <cusip>000000000</cusip>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>HSBC Bank PLC</name>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>HSBC Bank PLC</name>
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        <title>Purchased USD / Sold BRL</title>
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        <currencyConditional curCd="BRL" exchangeRt="5.16230000"/>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      <invstOrSec>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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        <securityLending>
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      <invstOrSec>
        <name>Citibank NA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Royal Bank of Scotland PLC</name>
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        <assetCat>DFE</assetCat>
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      <invstOrSec>
        <name>HSBC Bank PLC</name>
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        <title>Purchased EUR / Sold AUD</title>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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      <invstOrSec>
        <name>Citibank NA</name>
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      <invstOrSec>
        <name>HSBC Bank PLC</name>
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        <title>Purchased USD / Sold CAD</title>
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      <invstOrSec>
        <name>HSBC Bank PLC</name>
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        <title>Purchased AUD / Sold USD</title>
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      <invstOrSec>
        <name>Royal Bank of Scotland PLC</name>
        <lei>RR3QWICWWIPCS8A4S074</lei>
        <title>Purchased CHF / Sold USD</title>
        <cusip>000000000</cusip>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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            <amtCurSold>3382.02000000</amtCurSold>
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            <amtCurPur>2680.46000000</amtCurPur>
            <curPur>CHF</curPur>
            <settlementDt>2026-07-16</settlementDt>
            <unrealizedAppr>-59.54000000</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>MDE Crude Palm Oil Futures</indexName>
                <indexIdentifier>KOU6 Comdty</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-09-15</expDate>
            <notionalAmt>22906797.48000000</notionalAmt>
            <curCd>MYR</curCd>
            <unrealizedAppr>-15486.81000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singapore Exchange Derivatives Clearing Ltd.</name>
        <lei>549300ZLWT3FK3F0FW61</lei>
        <title>FTSE TAIWAN INDEX JUL26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG021VGRJQ6"/>
        </identifiers>
        <balance>100.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>28508.80000000</valUSD>
        <pctVal>0.001625193548</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Singapore Exchange Derivatives Clearing Ltd.</counterpartyName>
              <counterpartyLei>549300ZLWT3FK3F0FW61</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>SGX FTSE Taiwan Index Futures</indexName>
                <indexIdentifier>TWTN6 Index</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-07-30</expDate>
            <notionalAmt>16143491.20000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>28508.80000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Stock Exchange Of India</name>
        <lei>N/A</lei>
        <title>IFSC NIFTY 50 FUT JUL26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG021YZDYN6"/>
        </identifiers>
        <balance>-913.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>73846.98000000</valUSD>
        <pctVal>0.004209775067</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>National Stock Exchange Of India</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>IFSC NIFTY 50 Index Futures</indexName>
                <indexIdentifier>JGSN6 Index</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-07-28</expDate>
            <notionalAmt>-43906063.98000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>73846.98000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Euronext NV</name>
        <lei>724500QJ4QSZ3H9QU415</lei>
        <title>RAPESEED EURO NOV26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG01MPF8PX9"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>-2252.85000000</valUSD>
        <pctVal>-0.00012842761</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Euronext NV</counterpartyName>
              <counterpartyLei>724500QJ4QSZ3H9QU415</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Euronext Rapeseed Futures</indexName>
                <indexIdentifier>IJX6 Comdty</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-10-30</expDate>
            <notionalAmt>155795.48000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-2252.85000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-17</ncom:dateSigned>
      <ncom:nameOfApplicant>AMERICAN BEACON FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Aaron Cooper</ncom:signature>
      <ncom:signerName>Aaron Cooper</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
