American Beacon DoubleLine Floating Rate Income Fund A Class (SOUAX)
| Fund Assets | 65.86M |
| Expense Ratio | 1.12% |
| Min. Investment | $2,500 |
| Turnover | 128.00% |
| Dividend (ttm) | 0.72 |
| Dividend Yield | 9.44% |
| Dividend Growth | -12.95% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 7.43 |
| YTD Return | -4.31% |
| 1-Year Return | -0.43% |
| 5-Year Return | 15.27% |
| 52-Week Low | 7.19 |
| 52-Week High | 8.04 |
| Beta (5Y) | n/a |
| Holdings | 227 |
| Inception Date | Dec 11, 2015 |
About SOUAX
The American Beacon Sound Point Floating Rate Income Fund is a mutual fund that primarily focuses on investing in floating-rate loans and other floating-rate debt securities. It serves as a financial instrument for income generation, offering returns through interest payments that fluctuate based on benchmark rates such as the Secured Overnight Financing Rate (SOFR). The fund is designed to provide investors with a stable income stream while managing risk through diversified holdings in floating-rate investments. It plays a significant role in the financial market by providing exposure to the floating-rate debt sector, which is often used to manage interest rate risk and capitalize on variable interest environments.
Performance
SOUAX had a total return of -0.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.61%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFHCX | Fidelity | Fidelity Series Floating Rate High Income Fund | n/a |
Top 10 Holdings
39.62% of assets| Name | Symbol | Weight |
|---|---|---|
| Invesco Senior Loan ETF | BKLN | 11.86% |
| SPDR Blackstone Senior Loan ETF | SRLN | 11.84% |
| American Beacon U.S. Government Money Market | n/a | 4.13% |
| Allen Media LLC | n/a | 2.50% |
| Natel Engineering Company Inc - Natel Engineering Co., Inc. | NATENG.L 04.30.26 2 | 1.82% |
| Focus Financial Partners LLC | n/a | 1.76% |
| Anuvu Holdings 2 LLC | n/a | 1.75% |
| Reynolds Consumer Products LLC | n/a | 1.50% |
| Prime Security Services Borrower, LLC - Prime Security Services Borrower LLC | n/a | 1.30% |
| EagleView Technology Corporation - EagleView Technology Corp. | n/a | 1.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.06367 | Jun 30, 2025 |
| May 30, 2025 | $0.07062 | May 30, 2025 |
| Apr 30, 2025 | $0.0303 | Apr 30, 2025 |
| Mar 31, 2025 | $0.05018 | Mar 31, 2025 |
| Feb 28, 2025 | $0.05445 | Feb 28, 2025 |
| Jan 31, 2025 | $0.05806 | Jan 31, 2025 |