0001752724-19-024741.txt : 20190412 0001752724-19-024741.hdr.sgml : 20190412 20190411175321 ACCESSION NUMBER: 0001752724-19-024741 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190131 FILED AS OF DATE: 20190412 DATE AS OF CHANGE: 20190411 EFFECTIVENESS DATE: 20190412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN BEACON FUNDS CENTRAL INDEX KEY: 0000809593 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-04984 FILM NUMBER: 19744597 BUSINESS ADDRESS: STREET 1: 220 EAST LAS COLINAS BOULEVARD STREET 2: SUITE 1200 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 8173916100 MAIL ADDRESS: STREET 1: 220 EAST LAS COLINAS BOULEVARD STREET 2: SUITE 1200 CITY: IRVING STATE: TX ZIP: 75039 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN AADVANTAGE FUNDS DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN EAGLE FUNDS DATE OF NAME CHANGE: 19890813 0000809593 S000042126 American Beacon SGA Global Growth Fund C000130810 A Class SGAAX C000130811 C Class SGACX C000130812 Institutional Class SGAGX C000130813 Investor Class SGAPX C000130814 Y Class SGAYX 0000809593 S000042128 American Beacon Acadian Emerging Markets Managed Volatility Fund C000130820 A Class ACDAX C000130821 C Class ACDCX C000130822 Institutional Class ACDIX C000130823 Investor Class ACDPX C000130824 Y Class ACDYX 0000809593 S000044050 American Beacon Frontier Markets Income Fund C000136710 A Class AGUAX C000136711 C Class AGECX C000136712 Institutional Class AGEIX C000136713 Investor Class AGEPX C000136714 Y Class AGEYX 0000809593 S000046747 American Beacon Crescent Short Duration High Income Fund C000146019 A CLASS ACHAX C000146020 C CLASS ACHCX C000146021 Y CLASS ACHYX C000146022 INSTITUTIONAL CLASS ACHIX C000146023 INVESTOR CLASS ACHPX 0000809593 S000053744 American Beacon GLG Total Return Fund C000168934 A Class GLGAX C000168935 C Class GLRCX C000168936 Institutional Class GLGIX C000168937 Investor Class GLGPX C000168938 Ultra Class GLGUX C000168939 Y Class GLGYX 0000809593 S000063263 American Beacon Continuous Capital Emerging Markets Fund C000205193 Investor Class CCEPX C000205194 Y Class CCEYX C000205195 Institutional Class CCEIX N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0000809593 XXXXXXXX 811-04984 false false false N-1A S000044050 true S000046747 true S000063263 true S000042126 true S000053744 true S000042128 true AMERICAN BEACON FUNDS 811-04984 0000809593 549300EXCES9V5RWB620 220 EAST LAS COLINAS BOULEVARD SUITE 1200 IRVING 75039 US-TX US 817-391-6100 American Beacon Advisors, Inc 220 East Las Colinas Boulevard Suite 1200 Irving 75039-500 817-391-6100 Records relating to its function as advisor DST Asset Manager Solutions, Inc 2000 Crown Colony Drive Quincy 02169 800-407-0256 Records related to its functions as transfer agents State Street Bank and Trust Company 1 Lincoln Street Boston 02111 617-786-3000 Custody and Accounting Records. N N N-1A 33 Y Claudia A. Holz 000000000 N Joseph B. Armes 000000000 N Douglas A. Lindgren 001258979 N Alan D. Feld 000000000 Y Eugene J. Duffy 000000000 N Gerard J. Arpey 000000000 N Gilbert G. Alvarado 000000000 N R. Gerald Turner 000000000 N Brenda A. Cline 000000000 N Richard A. Massman 000000000 N Barbara J. McKenna 000000000 N Christina E. Sears 002708589 220 East Las Colinas Boulevard Suite 1200 Irving 75039 XXXXXX N N N N N N Resolute Investment Distributors, Inc. 8-69912 000287788 00000000000000000000 Y Foreside Fund Services, LLC 8-51293 000046106 00000000000000000000 N Y PricewaterhouseCoopers LLP 238 5493002GVO7EO8RNNS37 N N N 2018-03-28 Preferred USD equities moved to a primary vendor of ice along with methodology changed to evaluated bid Equity-preferred Preferred Stocks N/A N N American Beacon SGA Global Growth Fund S000042126 549300NYVD10TKRGRS35 Y 5 0 0 N/A N N Y N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Revenue sharing split Cash collateral reinvestment fee 340747.37000000 5132.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 22d-1 (17 CFR 270.22d-1) Y Y Y N American Beacon Advisors, Inc. 801-29198 000105552 549300AJADEWUE8OXQ32 N Sustainable Growth Advisers, LP 801-62151 000127447 254900YJCQ391O8UQ071 N N DST Asset Manager Solutions, Inc. 84-00896 00000000000000000000 N N N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Services, Inc. 5493000NQ9LYLDBCTL34 N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Thomson Reuters Corporation 549300561UZND4C7B569 CA N N State Street Bank and Trust Company (Edinburgh, GB, Branch) 571474TGEMMWANRLN572 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Madrid, Madrid, ES, Branch) 529900SICIK5OVMVY186 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Trust Company Canada 549300L71XG2CTQ2V827 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Amsterdam, Noord Holland, NL, Branch) 7LTWFZYICNSX8D621K86 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Deutsche Bank Aktiengesellschaft (Jongno-gu, Seoul, KR, Branch) 7LTWFZYICNSX8D621K86 KR N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) FirstRand Bank Limited ZAYQDKTCATIXF9OQY690 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken A/S F3JS33DEI6XQ4ZBPTN86 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Thai) Public Company Limited 549300O1LQYCQ7G1IM57 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Mizuho Bank, Ltd. (Minato ku, Tokyo, JP, Branch) RB0PEZSDGCO3JS6CEU02 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch) 2HI3YI5320L3RW6NJ957 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Mumbai, Maharashtra, IN, Branch) 7LTWFZYICNSX8D621K86 IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Hong Kong) Limited X5AV1MBDXGRPX5UGMX13 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Sao Paulo, Sao Paulo, BR, Branch) E57ODZWZ7FF32TWEFA76 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Singapore, SG, Branch) E57ODZWZ7FF32TWEFA76 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UBS Switzerland AG 549300WOIFUSNYH0FL22 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank International GmbH ZMHGNT7ZPKZ3UFZ8EO46 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N DST Asset Manager Solutions, Inc. 84-00896 SEC File Number N N N American Beacon Advisors, Inc. 549300AJADEWUE8OXQ32 Y N N VP Distributors, LLC 008-14100 000003036 00000000000000000000 0.00000000 Resolute Investment Distributors, Inc. 8-69912 000287788 00000000000000000000 0.00000000 ETF Distributors LLC 008-69191 000166181 00000000000000000000 0.00000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 1229.00000000 RBC Capital Markets, LLC 8-45411 000031194 549300LCO2FLSSVFFR64 1171.14000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 3070.39000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 1722.70000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 1472.78000000 Williams Trading Europe, LLP N/A 000000000 213800UQVP2J3N33CS81 GB 10206.35000000 Williams Trading LLC 8-50372 000043678 254900XH331390J1WT63 2130.21000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 1227.79000000 Merrill Lynch, Pierce, Fenner & Smith Incorporated 8-7221 000007691 8NAV47T0Y26Q87Y0QP81 6136.38000000 JPMorgan Chase & Co. 8-35008 000000079 8I5DZWZKVSZI1NUHU748 1877.45000000 33731.57000000 0.00000000 N 51362967.02000000 Committed 250000000.00000000 N Uncommitted 50000000.00000000 N N N American Beacon Acadian Emerging Markets Managed Volatility Fund S000042128 549300B5AWV536JQ0V56 Y 5 0 0 N/A N N Y N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Cash collateral reinvestment fee Revenue sharing split 119045.80000000 396.00000000 Rule 22d-1 (17 CFR 270.22d-1) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N American Beacon Advisors, Inc. 801-29198 000105552 549300AJADEWUE8OXQ32 N Acadian Asset Management LLC 801-28078 000106609 RQTOM0CI0L1JQEIRRN40 N N DST Asset Manager Solutions, Inc. 84-00896 00000000000000000000 N N N Bloomberg L.P. 549300B56MD0ZC402L06 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N ICE Data Services, Inc. 5493000NQ9LYLDBCTL34 N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N Thomson Reuters Corporation 549300561UZND4C7B569 CA N N Bank Handlowy w Warszawie Spolka Akcyjna XLEZHWWOI4HFQDGL4793 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Sao Paulo, Sao Paulo, BR, Branch) E57ODZWZ7FF32TWEFA76 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Thai) Public Company Limited 549300O1LQYCQ7G1IM57 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC Bank Egypt S.A.E 2138001Q77JDLESS4Y50 EG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Mumbai, Maharashtra, IN, Branch) 7LTWFZYICNSX8D621K86 IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank del Peru S.A. 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Q5BP2UEQ48R75BOTCB92 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services (Athens, Attica, GR, Branch) 549300WCGB70D06XZS54 GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company (Edinburgh, GB, Branch) 571474TGEMMWANRLN572 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Makati City, Metro Manila, PH, Branch) 7LTWFZYICNSX8D621K86 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Bank Polska Kasa Opieki - Spolka Akcyjna 5493000LKS7B3UTF7H35 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Itau CorpBanca 549300DDPTTIZ06NIV06 CL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N DST Asset Manager Solutions, Inc. 84-00896 SEC File Number N N N American Beacon Advisors, Inc. 549300AJADEWUE8OXQ32 Y N N Resolute Investment Distributors, Inc. 8-69912 000287788 00000000000000000000 0.00000000 HSBC Securities (USA) Inc. 8-41562 000019585 CYYGQCGNHMHPSMRL3R97 1191.77000000 Societe Generale N/A 000000000 O2RNE8IBXP4R0TD8PU41 FR 1101.58000000 SG Americas Securities, LLC 8-66125 000128351 549300F35UE0BOM1WJ55 418.07000000 Macquarie Capital (USA) Inc. 8-47198 000036368 549300670K07JRB5UQ40 1037.04000000 Morgan Stanley & Co. 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LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 1678.61000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 406.90000000 Instinet, LLC 8-23669 000007897 549300MGMN3RKMU8FT57 711.47000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 1242.40000000 11302.52000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 18.43000000 18.43000000 N 34533084.22000000 Committed 250000000.00000000 N Uncommitted 50000000.00000000 N N N American Beacon Continuous Capital Emerging Markets Fund S000063263 549300D7ZMXNLQQJ4353 Y 3 3 0 N/A N N Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N American Beacon Advisors, Inc. 801-29198 000105552 549300AJADEWUE8OXQ32 N Continuous Capital, LLC 801-112617 000292774 549300I7J0AYIGH3S098 Y DST Asset Manager Solutions, Inc. 84-00896 00000000000000000000 N N Y PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Services, Inc. 5493000NQ9LYLDBCTL34 N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N Thomson Reuters Corporation 549300561UZND4C7B569 CA N Y Deutsche Bank Aktiengesellschaft (Jakarta, Jakarta, ID, Branch) 7LTWFZYICNSX8D621K86 ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Sao Paulo, Sao Paulo, BR, Branch) E57ODZWZ7FF32TWEFA76 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) FirstRand Bank Limited ZAYQDKTCATIXF9OQY690 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Itau CorpBanca 549300DDPTTIZ06NIV06 CL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Thai) Public Company Limited 549300O1LQYCQ7G1IM57 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company (Edinburgh, GB, Branch) 571474TGEMMWANRLN572 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Hong Kong) Limited X5AV1MBDXGRPX5UGMX13 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank (Malaysia) Berhad 529900DLWFR8HK7DR278 MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Euroclear Limited 54930045L3MXWBD27H71 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Singapore, SG, Branch) E57ODZWZ7FF32TWEFA76 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Bank Polska Kasa Opieki - Spolka Akcyjna 5493000LKS7B3UTF7H35 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Bank Handlowy w Warszawie Spolka Akcyjna XLEZHWWOI4HFQDGL4793 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Ceskoslovenska obchodni banka, a. s. Q5BP2UEQ48R75BOTCB92 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Clearstream Banking S.A. 549300OL514RA0SXJJ44 LU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC Bank (China) Company Limited 2CZOJRADNJXBLT55G526 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Jongno-gu, Seoul, KR, Branch) 7LTWFZYICNSX8D621K86 KR N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Deutsche Bank Aktiengesellschaft (Makati City, Metro Manila, PH, Branch) 7LTWFZYICNSX8D621K86 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank Europe Public Limited Company (Budapest, HU, Branch) N1FBEDJ5J41VKZLO2475 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Taipei City, TW, Branch) 25490016G0WR60ANOK04 TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Anonim Sirketi 789000N5SE3LWDK7OI11 TR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Joint Stock Company Commercial Bank Citibank CHSQDSVI1UI96Y2SW097 RU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N DST Asset Manager Solutions, Inc. 84-00896 SEC File Number N N N American Beacon Advisors, Inc. 549300AJADEWUE8OXQ32 Y N N Resolute Investment Distributors, Inc. 8-69912 000287788 00000000000000000000 0.00000000 Williams Trading LLC 8-50372 000043678 254900XH331390J1WT63 1013.76000000 Instinet, LLC 8-23669 000007897 549300MGMN3RKMU8FT57 127.94000000 Merrill Lynch, Pierce, Fenner & Smith Incorporated 8-7221 000007691 8NAV47T0Y26Q87Y0QP81 2976.28000000 Cowen Execution Services LLC 8-46838 000035693 5493005RJDJD18OPUP27 336.23000000 Samsung Securities Co.,Ltd 8-50272 000043432 988400RBTJTHNUOHE716 KR 1050.43000000 5504.64000000 0.00000000 N 466266.57000000 Uncommitted 50000000.00000000 N Committed 250000000.00000000 N N N N American Beacon GLG Total Return Fund S000053744 549300TFVGG1R46TWS94 Y 6 0 0 N/A Y N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Rule 22d-1 (17 CFR 270.22d-1) Y Y Y Y American Beacon Advisors, Inc. 801-29198 000105552 549300AJADEWUE8OXQ32 N GLG LLC 801-65571 000138802 549300TZ01NHTY0P8H42 N N DST Asset Manager Solutions, Inc. 84-00896 00000000000000000000 N N N Thomson Reuters Corporation 549300561UZND4C7B569 CA N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N ICE Data Services, Inc. 5493000NQ9LYLDBCTL34 N Bloomberg L.P. 549300B56MD0ZC402L06 N N Bank Handlowy w Warszawie Spolka Akcyjna XLEZHWWOI4HFQDGL4793 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) FirstRand Bank Limited ZAYQDKTCATIXF9OQY690 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Clearstream Banking S.A. 549300OL514RA0SXJJ44 LU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Sao Paulo, Sao Paulo, BR, Branch) E57ODZWZ7FF32TWEFA76 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company (Edinburgh, GB, Branch) 571474TGEMMWANRLN572 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Joint Stock Company Commercial Bank Citibank CHSQDSVI1UI96Y2SW097 RU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Bank Hapoalim B.M. 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LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 5785453.32000000 194627044.90000000 N 163429488.08000000 Committed 250000000.00000000 Uncommitted 50000000.00000000 N N N N true INTERNAL CONTROL RPT 2 NCEN_12308588012562107.txt Report of Independent Registered Public Accounting Firm To the Board of Trustees and Shareholders of American Beacon Funds In planning and performing our audit of the financial statements of American Beacon Acadian Emerging Markets Managed Volatility Fund, American Beacon SGA Global Growth Fund, American Beacon Crescent Short Duration High Income Fund, American Beacon Continuous Capital Emerging Markets Fund, American Beacon Frontier Markets Income Fund and American Beacon GLG Total Return Fund, (the "Funds") as of and for the periods ended January 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Fund's internal control over financial reporting. The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness defined above as of January 31, 2019. This report is intended solely for the information and use of the Board of Trustees of American Beacon Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. March 27, 2019 PricewaterhouseCoopers LLP, 2121 N. Pearl Street, Suite 2000, Dallas, TX, 75201 T: 214 999 1400; F: 214 754 7991, www.pwc.com/us