American Beacon DoubleLine Floating Rate Income Fund A Class (SOUAX)
| Fund Assets | 53.92M |
| Expense Ratio | 1.20% |
| Min. Investment | $2,500 |
| Turnover | 217.00% |
| Dividend (ttm) | 0.56 |
| Dividend Yield | 7.49% |
| Dividend Growth | -30.41% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 7.46 |
| YTD Return | 0.27% |
| 1-Year Return | 0.26% |
| 5-Year Return | 13.55% |
| 52-Week Low | 6.99 |
| 52-Week High | 7.48 |
| Beta (5Y) | n/a |
| Holdings | 252 |
| 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 0.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.20%.
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
28.40% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street US Government MMkt | n/a | 11.59% |
| Invesco Senior Loan ETF | BKLN | 3.74% |
| State Street Blackstone Senior Loan ETF | SRLN | 2.91% |
| FOCUS FINANCIAL PARTNERS LLC 2025 FUNGIBLE TERM LOAN B8 | FOCS.L 09.15.31 22 | 1.93% |
| COTIVITI CORPORATION 2024 TERM LOAN | VCVHHO.L 05.01.31 1 | 1.79% |
| PRIME SECURITY SRVCS BRWR LLC 2025 INCREMENTAL TERM LOAN B | PRSESE.L 03.08.32 18 | 1.42% |
| IRON MOUNTAIN, INC. 2023 TERM LOAN B | IRM.L 01.31.31 10 | 1.39% |
| Transdigm Inc 2025 Term Loan M | n/a | 1.33% |
| Onedigital Borrower Llc 2025 Repriced Term Loan | n/a | 1.20% |
| Flutter Financing B V 2024 Term Loan B | n/a | 1.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.0964 | Jan 2, 2026 |
| Dec 1, 2025 | $0.0259 | Dec 2, 2025 |
| Nov 3, 2025 | $0.0117 | Nov 4, 2025 |
| Oct 1, 2025 | $0.0307 | Oct 2, 2025 |
| Sep 2, 2025 | $0.0078 | Sep 3, 2025 |
| Aug 1, 2025 | $0.0595 | Aug 4, 2025 |