FORM OF PROXY CARD

PROXY TABULATOR P.O. BOX 9112 FARMINGDALE, NY 11735	To vote by Internet
	1)   2) 3)	Read the Proxy Statement and have the proxy card below at hand. Go to website www.proxyvote.com Follow the instructions provided on the website.
	To vote by Telephone
	1)   2) 3)	Read the Proxy Statement and have the proxy card below at hand. Call (800) 690-6903 Follow the instructions.
	To vote by Mail
	1) 2)   3) 4)	Read the Proxy Statement. Check the appropriate boxes on the proxy card below. Sign and date the proxy card. Return the proxy card in the envelope provided.

TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:
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THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.				DETACH AND RETURN THIS PORTION ONLY
CNL GLOBAL REAL ESTATE FUND
The shares represented by this proxy will be voted as instructed. Unless indicated to the contrary, this proxy shall be deemed to grant authority to vote "FOR" each proposal, and to grant discretionary power to vote upon such other business as may properly come before the Special Meeting.					For   Against Abstain
1.  To approve an Agreement and Plan of Reorganization and Termination under which the CNL Global Real Estate Fund, a series of the CNL Funds, would transfer all of its assets and liabilities to American Beacon Global Real Estate Fund, a series of American Beacon Funds, in exchange for shares of the American Beacon Global Real Estate Fund in a tax-free transaction.					0            0              0
The undersigned acknowledges receipt with this proxy of a copy of the Notice of the Special Meeting of Shareholders and the Proxy Statement. Please sign exactly as name appears above. If shares are held in the name of joint owners, each should sign, if possible. Attorneys-in-fact, executors, administrators,  etc., should give full title. If shareholder is a corporation or partnership, please sign in full corporate or partnership name by authorized person.
Signature [PLEASE SIGN WITHIN BOX]		Date	Signature (Joint Owners)			Date

Important Notice Regarding the Availability of Proxy Materials for the Special Meeting:

The Notice and Proxy Statement is available at www.proxyvote.com.

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PROXY	PROXY
CNL GLOBAL REAL ESTATE FUND PROXY FOR THE SPECIAL MEETING OF SHAREHOLDERS TO BE HELD FEBRUARY 22, 2010 This Proxy is solicited on behalf of the Board of Trustees of The CNL Funds (the “CNL Trust”) on behalf of the CNL Global Real Estate Fund (the “CNL Fund”). Revoking any such prior appointments, the undersigned hereby appoints as proxies Paul S. Saint-Pierre and Susan L. Terenzio (or, if only one shall act, that one), and each of them (with power of substitution), to vote all shares of the undersigned of the CNL Fund at the Special Meeting of Shareholders to be held at 10:00 a.m., Eastern time, on February 22, 2010, at the offices of the CNL Trust, 450 South Orange Avenue, Orlando, FL 32801, and any adjournment(s) thereof (the “Special Meeting”), with all the power the undersigned would have if personally present. YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN. IF YOU ARE NOT VOTING BY PHONE OR INTERNET, PLEASE SIGN AND DATE THIS PROXY CARD ON THE REVERSE SIDE AND RETURN IT PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE SIGN ON REVERSE SIDE OF THIS CARD