American Beacon Sound Point Floating Rate Income Fund SP Class (SPFRX)

10.36
Net Asset Value
0.00%
1 Day
+0.29%
Year-to-Date
Overall Morningstar Rating
Bank loan
Style or Category
No Load
Sales Expenses
1.10%
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+0.36% 3 years+5.03%
3 months+1.12% 5 years--
1 year+4.56% Since inception+5.07%
Data through --

Peer Comparisonvs. Bank loan

 SPFRXCategory
Performance 5-yr return--+3.18%
Expense ratio1.10%1.08%
Risk 5 year sharpe ratio3.361.18
Net assets$1.6B$2.2B
Average market cap--$6.4B
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$1,000.00
Minimum IRA investment--

Holdings

Fixed income87.92%
Cash12.08%
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.