American Beacon DoubleLine Floating Rate Income Fund C Class (SOUCX)
| Fund Assets | 65.86M |
| Expense Ratio | 1.90% |
| Min. Investment | $1,000 |
| Turnover | 128.00% |
| Dividend (ttm) | 0.66 |
| Dividend Yield | 8.83% |
| Dividend Growth | -13.89% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 7.47 |
| YTD Return | -4.29% |
| 1-Year Return | -0.93% |
| 5-Year Return | 11.83% |
| 52-Week Low | 7.22 |
| 52-Week High | 8.07 |
| Beta (5Y) | n/a |
| Holdings | 227 |
| 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 -0.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.91%.
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 | $0.05944 | Jun 30, 2025 |
| May 30, 2025 | $0.06592 | May 30, 2025 |
| Apr 30, 2025 | $0.02574 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04574 | Mar 31, 2025 |
| Feb 28, 2025 | $0.05023 | Feb 28, 2025 |
| Jan 31, 2025 | $0.05291 | Jan 31, 2025 |