American Beacon FEAC Floating Rate Income Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.9%
1 yr return
8.6%
3 Yr Avg Return
2.5%
5 Yr Avg Return
2.1%
Net Assets
$204 M
Holdings in Top 10
29.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 75.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SPFPX - Profile
Distributions
- YTD Total Return 1.9%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return 2.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.72%
- Dividend Yield 14.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAmerican Beacon FEAC Floating Rate Income Fund
-
Fund Family NameAmerican Beacon
-
Inception DateDec 11, 2015
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephen Ketchum
Fund Description
SPFPX - Performance
Return Ranking - Trailing
Period | SPFPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.9% | -1.9% | 4.6% | 84.29% |
1 Yr | 8.6% | -5.4% | 15.5% | 83.52% |
3 Yr | 2.5%* | -5.6% | 7.3% | 86.69% |
5 Yr | 2.1%* | -7.2% | 37.1% | 88.89% |
10 Yr | N/A* | -2.0% | 19.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | SPFPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.1% | -12.0% | 11.1% | 98.08% |
2022 | -11.1% | -22.9% | 5.1% | 89.76% |
2021 | 1.2% | -12.2% | 11.1% | 35.08% |
2020 | -5.2% | -14.1% | 289.8% | 84.39% |
2019 | -2.4% | -8.1% | 7.5% | 96.51% |
Total Return Ranking - Trailing
Period | SPFPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.9% | -1.9% | 4.6% | 84.29% |
1 Yr | 8.6% | -5.4% | 15.5% | 83.52% |
3 Yr | 2.5%* | -5.6% | 7.3% | 86.69% |
5 Yr | 2.1%* | -7.2% | 37.1% | 88.89% |
10 Yr | N/A* | -2.0% | 19.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SPFPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.2% | -12.0% | 22.1% | 85.44% |
2022 | -5.5% | -22.9% | 5.1% | 87.40% |
2021 | 6.1% | -10.2% | 11.1% | 16.94% |
2020 | 0.6% | -14.1% | 306.9% | 75.11% |
2019 | 4.2% | -3.6% | 10.5% | 90.39% |
NAV & Total Return History
SPFPX - Holdings
Concentration Analysis
SPFPX | Category Low | Category High | SPFPX % Rank | |
---|---|---|---|---|
Net Assets | 204 M | 29.9 M | 13.5 B | 79.68% |
Number of Holdings | 209 | 2 | 1358 | 83.00% |
Net Assets in Top 10 | 52.2 M | -191 M | 2.48 B | 67.98% |
Weighting of Top 10 | 29.01% | 5.2% | 100.8% | 13.49% |
Top 10 Holdings
- American Beacon U.S. Government Money Market 10.22%
- RealPage, Inc. 2.45%
- Stats Intermediate Holdings LLC 2.40%
- Alvogen Pharma U.S., Inc. 2.39%
- CMG Media Corp. 2.34%
- Gen Digital, Inc. 2.28%
- Abe Investment Holdings, Inc. 1.90%
- AppLovin Corp. 1.73%
- City Brewing Co. LLC 1.69%
- Ontario Gaming GTA LP 1.62%
Asset Allocation
Weighting | Return Low | Return High | SPFPX % Rank | |
---|---|---|---|---|
Bonds | 92.84% | 0.00% | 161.82% | 61.66% |
Cash | 10.22% | -61.90% | 18.85% | 12.25% |
Stocks | 0.30% | 0.00% | 100.78% | 70.75% |
Preferred Stocks | 0.00% | -3.99% | 0.80% | 77.08% |
Other | 0.00% | -52.39% | 26.58% | 74.70% |
Convertible Bonds | 0.00% | 0.00% | 5.51% | 76.59% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SPFPX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 64.73% |
Technology | 0.00% | 0.00% | 100.00% | 64.73% |
Real Estate | 0.00% | 0.00% | 48.61% | 60.27% |
Industrials | 0.00% | 0.00% | 100.00% | 73.66% |
Healthcare | 0.00% | 0.00% | 100.00% | 61.16% |
Financial Services | 0.00% | 0.00% | 89.61% | 62.05% |
Energy | 0.00% | 0.00% | 100.00% | 80.36% |
Communication Services | 0.00% | 0.00% | 100.00% | 77.23% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 62.05% |
Consumer Cyclical | 0.00% | 0.00% | 97.66% | 78.57% |
Basic Materials | 0.00% | 0.00% | 1.36% | 71.43% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SPFPX % Rank | |
---|---|---|---|---|
US | 0.30% | -0.01% | 100.78% | 68.38% |
Non US | 0.00% | 0.00% | 0.68% | 73.91% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SPFPX % Rank | |
---|---|---|---|---|
Corporate | 88.47% | 0.00% | 99.80% | 62.30% |
Cash & Equivalents | 10.22% | 0.00% | 25.03% | 9.49% |
Derivative | 0.00% | -7.27% | 1.12% | 69.96% |
Securitized | 0.00% | 0.00% | 91.68% | 83.73% |
Municipal | 0.00% | 0.00% | 0.47% | 68.65% |
Government | 0.00% | 0.00% | 3.18% | 72.22% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SPFPX % Rank | |
---|---|---|---|---|
US | 92.84% | 0.00% | 123.27% | 39.13% |
Non US | 0.00% | 0.00% | 63.23% | 83.40% |
SPFPX - Expenses
Operational Fees
SPFPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.34% | 0.03% | 5.28% | 37.25% |
Management Fee | 0.65% | 0.00% | 1.73% | 66.15% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 10.69% |
Administrative Fee | N/A | 0.02% | 0.27% | 97.14% |
Sales Fees
SPFPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
SPFPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SPFPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 75.00% | 4.00% | 180.00% | 61.51% |
SPFPX - Distributions
Dividend Yield Analysis
SPFPX | Category Low | Category High | SPFPX % Rank | |
---|---|---|---|---|
Dividend Yield | 14.67% | 0.00% | 10.53% | 1.92% |
Dividend Distribution Analysis
SPFPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
SPFPX | Category Low | Category High | SPFPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.72% | 1.77% | 9.82% | 41.13% |
Capital Gain Distribution Analysis
SPFPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.069 | OrdinaryDividend |
Mar 28, 2024 | $0.099 | OrdinaryDividend |
Mar 01, 2024 | $0.067 | OrdinaryDividend |
Feb 01, 2024 | $0.054 | OrdinaryDividend |
Dec 29, 2023 | $0.048 | OrdinaryDividend |
Dec 22, 2023 | $0.027 | OrdinaryDividend |
Nov 30, 2023 | $0.069 | OrdinaryDividend |
Oct 31, 2023 | $0.073 | OrdinaryDividend |
Sep 30, 2023 | $0.074 | OrdinaryDividend |
Aug 31, 2023 | $0.075 | OrdinaryDividend |
Jul 31, 2023 | $0.073 | OrdinaryDividend |
Jun 30, 2023 | $0.072 | OrdinaryDividend |
May 31, 2023 | $0.073 | OrdinaryDividend |
Apr 28, 2023 | $0.058 | OrdinaryDividend |
Mar 31, 2023 | $0.056 | OrdinaryDividend |
Feb 28, 2023 | $0.054 | OrdinaryDividend |
Jan 31, 2023 | $0.060 | OrdinaryDividend |
Dec 30, 2022 | $0.053 | DailyAccrualFund |
Dec 23, 2022 | $0.015 | DailyAccrualFund |
Dec 01, 2022 | $0.052 | DailyAccrualFund |
Nov 01, 2022 | $0.053 | DailyAccrualFund |
Oct 03, 2022 | $0.044 | DailyAccrualFund |
Sep 01, 2022 | $0.039 | DailyAccrualFund |
Aug 02, 2022 | $0.039 | DailyAccrualFund |
Jul 01, 2022 | $0.036 | DailyAccrualFund |
Jun 02, 2022 | $0.039 | DailyAccrualFund |
May 02, 2022 | $0.029 | DailyAccrualFund |
Apr 01, 2022 | $0.033 | DailyAccrualFund |
Mar 01, 2022 | $0.026 | DailyAccrualFund |
Feb 01, 2022 | $0.029 | DailyAccrualFund |
Dec 31, 2021 | $0.030 | DailyAccrualFund |
Dec 23, 2021 | $0.029 | DailyAccrualFund |
Nov 30, 2021 | $0.028 | DailyAccrualFund |
Oct 31, 2021 | $0.031 | DailyAccrualFund |
Sep 30, 2021 | $0.032 | DailyAccrualFund |
Aug 31, 2021 | $0.032 | DailyAccrualFund |
Jul 31, 2021 | $0.029 | DailyAccrualFund |
Jun 30, 2021 | $0.036 | DailyAccrualFund |
May 31, 2021 | $0.032 | DailyAccrualFund |
Apr 30, 2021 | $0.034 | DailyAccrualFund |
Mar 31, 2021 | $0.032 | DailyAccrualFund |
Feb 28, 2021 | $0.030 | DailyAccrualFund |
Jan 31, 2021 | $0.031 | DailyAccrualFund |
Jan 04, 2021 | $0.034 | DailyAccrualFund |
Dec 23, 2020 | $0.028 | DailyAccrualFund |
Dec 02, 2020 | $0.031 | DailyAccrualFund |
Nov 03, 2020 | $0.028 | DailyAccrualFund |
Oct 02, 2020 | $0.035 | DailyAccrualFund |
Sep 02, 2020 | $0.032 | DailyAccrualFund |
Aug 04, 2020 | $0.026 | DailyAccrualFund |
Jul 02, 2020 | $0.038 | DailyAccrualFund |
Jun 02, 2020 | $0.043 | DailyAccrualFund |
May 04, 2020 | $0.040 | DailyAccrualFund |
Apr 02, 2020 | $0.048 | DailyAccrualFund |
Mar 03, 2020 | $0.044 | DailyAccrualFund |
Feb 04, 2020 | $0.051 | DailyAccrualFund |
Jan 02, 2020 | $0.052 | DailyAccrualFund |
Dec 23, 2019 | $0.014 | DailyAccrualFund |
Dec 03, 2019 | $0.049 | DailyAccrualFund |
Nov 04, 2019 | $0.051 | DailyAccrualFund |
Oct 02, 2019 | $0.049 | DailyAccrualFund |
Sep 04, 2019 | $0.052 | DailyAccrualFund |
Aug 02, 2019 | $0.048 | DailyAccrualFund |
Jul 02, 2019 | $0.051 | DailyAccrualFund |
Jun 03, 2019 | $0.050 | DailyAccrualFund |
May 01, 2019 | $0.050 | DailyAccrualFund |
Apr 01, 2019 | $0.051 | DailyAccrualFund |
Mar 01, 2019 | $0.044 | DailyAccrualFund |
Feb 01, 2019 | $0.048 | DailyAccrualFund |
Jan 02, 2019 | $0.045 | DailyAccrualFund |
Dec 21, 2018 | $0.045 | ExtraDividend |
Dec 03, 2018 | $0.045 | DailyAccrualFund |
Nov 01, 2018 | $0.046 | DailyAccrualFund |
Sep 04, 2018 | $0.045 | DailyAccrualFund |
Aug 01, 2018 | $0.046 | DailyAccrualFund |
Jul 02, 2018 | $0.044 | DailyAccrualFund |
Jun 01, 2018 | $0.046 | DailyAccrualFund |
May 01, 2018 | $0.042 | DailyAccrualFund |
Apr 02, 2018 | $0.041 | DailyAccrualFund |
Mar 01, 2018 | $0.037 | DailyAccrualFund |
Feb 01, 2018 | $0.042 | DailyAccrualFund |
Jan 02, 2018 | $0.040 | DailyAccrualFund |
Dec 01, 2017 | $0.040 | DailyAccrualFund |
Nov 01, 2017 | $0.040 | DailyAccrualFund |
Oct 02, 2017 | $0.038 | DailyAccrualFund |
Sep 01, 2017 | $0.037 | DailyAccrualFund |
Aug 01, 2017 | $0.042 | DailyAccrualFund |
Jul 03, 2017 | $0.038 | DailyAccrualFund |
Jun 01, 2017 | $0.040 | DailyAccrualFund |
May 01, 2017 | $0.035 | DailyAccrualFund |
Apr 03, 2017 | $0.031 | DailyAccrualFund |
Mar 01, 2017 | $0.031 | DailyAccrualFund |
Feb 01, 2017 | $0.033 | DailyAccrualFund |
Dec 30, 2016 | $0.032 | DailyAccrualFund |
Dec 01, 2016 | $0.038 | DailyAccrualFund |
Nov 01, 2016 | $0.041 | DailyAccrualFund |
Oct 03, 2016 | $0.044 | DailyAccrualFund |
Sep 01, 2016 | $0.056 | DailyAccrualFund |
Aug 01, 2016 | $0.048 | DailyAccrualFund |
Jul 01, 2016 | $0.043 | DailyAccrualFund |
Jun 01, 2016 | $0.043 | DailyAccrualFund |
May 02, 2016 | $0.034 | DailyAccrualFund |
Apr 01, 2016 | $0.036 | DailyAccrualFund |
Mar 01, 2016 | $0.026 | DailyAccrualFund |
Feb 01, 2016 | $0.028 | DailyAccrualFund |
Dec 23, 2015 | $0.194 | DailyAccrualFund |
SPFPX - Fund Manager Analysis
Managers
Stephen Ketchum
Start Date
Tenure
Tenure Rank
Dec 03, 2012
9.5
9.5%
Mr. Joel Beam serves as Managing Director & Senior Portfolio Manager, Real Estate at Salient Partners. He is a seasoned investment professional with over 20 years of experience in real estate securities research and investment management. He is nationally recognized for his experience in managing preferred and senior securities. Previously, Joel was a partner and portfolio manager at Kensington Investment Group, Inc. and a member of the firm's executive committee. He joined Kensington in 1995 as a senior analyst and began managing portfolios in 1997. In 2009, Kensington was acquired by forwarding Management, and subsequently in 2015, Salient acquired Forward. Joel previously worked at Liquidity Financial Advisors, where he valued and priced real estate limited partnership and institutional securities and their underlying properties. Joel holds a bachelor of arts (with honors) from the University of California, Berkeley.
Joe Xu
Start Date
Tenure
Tenure Rank
Jan 25, 2019
3.35
3.4%
Joe Xu is Portfolio Manager and Senior Credit Analyst. Mr. Xu joined Sound Point in 2014 as a credit analyst. He currently serves as Portfolio Manager on the firm’s U.S. Floating Rate Fund Investment Committee and Senior Credit Analyst covering the Technology sector. Prior to joining Sound Point, Mr. Xu spent over 3 years as a credit analyst with Ares Management, where he evaluated leveraged loan opportunities in the Business Services, Consumer, Industrial, Media and Technology sectors. Prior to Ares, Mr. Xu evaluated, structured and executed private equity and mezzanine debt investments for Veronis Suhler Stevenson, a middle market private equity and specialty finance firm. Mr. Xu began his career as an investment banking analyst with William Blair & Company and graduated cum laude from the University of Illinois at Urbana-Champaign with a B.S. in Accounting.
Brian McHugh
Start Date
Tenure
Tenure Rank
May 11, 2020
2.05
2.1%
Brian McHugh is a Portfolio Manager at Sound Point. Mr. McHugh joined Sound Point in 2018. He currently serves as Portfolio Manager on the firm’s U.S. Floating Rate Fund Investment Committee, Risk Committee and CLO Risk Committee. Prior to joining Sound Point, Mr. McHugh spent 12 years at Halcyon Capital Management, where he focused primarily on investments in the Healthcare sector. Prior to Halcyon, Mr. McHugh spent approximately 7 years at Prudential Financial, where he was a Credit Analyst. Mr. McHugh earned a B.S. in Finance from the University of Delaware.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 20.52 | 5.9 | 3.25 |