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

10.35
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+0.43% 3 years+5.76%
3 months+1.48% 5 years+5.93%
1 year+5.08% Since inception+6.25%
Data through --

Peer Comparisonvs. Bank loan

 SPFLXCategory
Performance 5-yr return+5.93%+3.39%
Expense ratio0.87%1.09%
Risk 5 year sharpe ratio3.681.26
Net assets$1.2B$2.2B
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 income85.36%
Cash14.64%
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
Holdings not available.