American Beacon DoubleLine Floating Rate Income Fund C Class (SOUCX)
| Fund Assets | 53.92M |
| Expense Ratio | 1.98% |
| Min. Investment | $1,000 |
| Turnover | 217.00% |
| Dividend (ttm) | 0.52 |
| Dividend Yield | 7.14% |
| Dividend Growth | -29.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 7.30 |
| YTD Return | 0.41% |
| 1-Year Return | -0.11% |
| 5-Year Return | 10.44% |
| 52-Week Low | 6.86 |
| 52-Week High | 7.34 |
| Beta (5Y) | n/a |
| Holdings | 252 |
| Inception Date | Dec 11, 2015 |
About SOUCX
The American Beacon DoubleLine Floating Rate Income Fund C Class is a mutual fund focused on delivering a high level of current income while seeking strong risk-adjusted returns. Its core strategy involves investing at least 80% of its net assets in income-producing floating rate loans and other floating rate debt securities, which may include bonds, notes, and debentures issued by corporations or the U.S. government. This approach positions the fund within the bank loan category, making it particularly relevant for investors seeking exposure to debt instruments with variable interest payments, which can offer some protection against rising interest rates. The fund is diversified across a broad array of holdings—over 230—and maintains monthly income distributions to shareholders. With a notable asset base of more than $2 billion, the American Beacon DoubleLine Floating Rate Income Fund C Class plays a significant role in the fixed income market, catering to those looking for steady income streams and risk management in a fluctuating rate environment. Established in 2015, it continues to serve institutional and individual investors with a focus on income generation and capital preservation.
Performance
SOUCX had a total return of -0.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.34%.
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 | $0.0962 | Jan 2, 2026 |
| Dec 1, 2025 | $0.0233 | Dec 2, 2025 |
| Nov 3, 2025 | $0.010 | Nov 4, 2025 |
| Oct 1, 2025 | $0.0277 | Oct 2, 2025 |
| Sep 2, 2025 | $0.0078 | Sep 3, 2025 |
| Aug 1, 2025 | $0.0571 | Aug 4, 2025 |