American Beacon Sound Point Floating Rate Income Fund Institutional Class (SPFLX)

10.29
Net Asset Value
0.00%
1 Day
-0.29%
Year-to-Date
Overall Morningstar Rating
Bank loan
Style or Category
No Load
Sales Expenses
0.87%
Expense Ratio
Low
Morningstar Risk Rating™
Investment Objective The investment seeks to provide a high level of current income consistent with strong risk-adjusted returns. Under normal circumstances- the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in income-producing floating-rate loans and other floating-rate debt securities- which may include bonds- notes and debentures issued by corporations- and debt securities issued or guaranteed by the U.S. government or one of its agencies or instrumentalities.

Performance

1 month+0.20% 3 years+5.04%
3 months+0.75% 5 years+5.64%
1 year+4.79% Since inception+6.03%
Data through --

Peer Comparisonvs. Bank loan

 SPFLXCategory
Performance 5-yr return+5.64%+3.18%
Expense ratio0.87%1.06%
Risk 5 year sharpe ratio3.321.14
Net assets$1.9B$2.3B
Average market cap----
Average P/E----
Portfolio turnover86%86%

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Fund Management and Purchase Info

Fund familyAmerican Beacon
Fund manager & tenureStephen Ketchum / 5 Years
Minimal initial investment$250,000.00
Minimum IRA investment--

Holdings

Fixed income81.41%
Cash18.60%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 0.97%
-- 0.92%
-- 0.86%
-- 0.79%
-- 0.78%
-- 0.77%
-- 0.74%
-- 0.74%
-- 0.72%
-- 0.71%