- ISIN
- US0245253135
- Issuer
- American Beacon
- Inception Date
- Dec 2, 2012
- Category
- Bank Loan
- Min. Investment
- $250,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
SPFLX Performance Chart
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Returns By Period
American Beacon Sound Point Floating Rate Income Fund
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPFLX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.00% | -0.05% | 0.00% | -0.05% | |||||||||
| 2025 | -0.25% | -3.00% | -1.17% | 0.03% | 2.36% | 0.62% | 0.27% | -0.14% | 0.38% | -0.26% | 0.30% | 0.58% | -0.39% |
| 2024 | 0.44% | 0.12% | 1.26% | 0.40% | 0.93% | -0.62% | -0.15% | 0.69% | 1.23% | 0.91% | 0.53% | 0.31% | 6.21% |
| 2023 | 1.98% | 0.81% | -0.62% | 0.24% | -0.17% | 1.41% | 0.93% | 0.00% | 0.70% | -0.12% | 1.25% | 1.20% | 7.83% |
| 2022 | 0.35% | -0.89% | -0.16% | -0.20% | -3.31% | -3.46% | 0.84% | 1.09% | -3.18% | 0.43% | 1.15% | 0.35% | -6.93% |
| 2021 | 1.03% | 0.89% | 0.38% | 1.05% | 0.70% | 0.42% | -0.09% | 0.59% | 0.58% | 0.15% | -0.31% | 0.56% | 6.12% |
Benchmark Metrics
American Beacon Sound Point Floating Rate Income Fund has an annualized alpha of 2.35%, beta of 0.04, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since May 06, 2014.
- This fund captured 10.36% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -30.69%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.04 may look defensive, but with R2 of 0.04 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.04 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.35%
- Beta
- 0.04
- R²
- 0.04
- Upside Capture
- 10.36%
- Downside Capture
- -30.69%
Expense Ratio
SPFLX has an expense ratio of 0.82%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for American Beacon Sound Point Floating Rate Income Fund (SPFLX) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
American Beacon Sound Point Floating Rate Income Fund provided a 4.62% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.57 | $0.81 | $0.63 | $0.39 | $0.44 | $0.51 | $0.65 | $0.60 | $0.49 | $0.51 | $0.48 |
Dividend yield | 4.62% | 7.83% | 10.28% | 7.63% | 4.72% | 4.76% | 5.56% | 6.75% | 6.07% | 4.78% | 4.96% | 4.81% |
Monthly Dividends
The table displays the monthly dividend distributions for American Beacon Sound Point Floating Rate Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.04 | $0.00 | $0.04 | |||||||||
| 2025 | $0.06 | $0.06 | $0.05 | $0.03 | $0.07 | $0.07 | $0.00 | $0.06 | $0.01 | $0.03 | $0.01 | $0.12 | $0.57 |
| 2024 | $0.06 | $0.07 | $0.10 | $0.07 | $0.07 | $0.00 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.10 | $0.81 |
| 2023 | $0.06 | $0.06 | $0.06 | $0.00 | $0.08 | $0.07 | $0.08 | $0.00 | $0.08 | $0.00 | $0.07 | $0.08 | $0.63 |
| 2022 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.06 | $0.05 | $0.07 | $0.39 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.06 | $0.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the American Beacon Sound Point Floating Rate Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Beacon Sound Point Floating Rate Income Fund was 19.23%, occurring on Mar 24, 2020. Recovery took 203 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -19.23%Mar 2020 | 29d | 9mo 24d | 10mo 23dFeb 2020 - Jan 2021 |
Bear market2022 | -9.52%Oct 2022 | 9mo 9d | 1y 3mo | 2y 12dJan 2022 - Jan 2024 |
2025 selloff2025 | -6.70%Apr 2025 | 3mo 4d | 9mo 11d | 1y 10dJan 2025 - Jan 2026 |
Rate-hike selloffLate 2018 | -3.12%Dec 2018 | 1mo 22d | 2mo 3d | 3mo 25dNov 2018 - Feb 2019 |
2015 pullback2015 | -2.82%Dec 2015 | 3mo 6d | 3mo 8d | 6mo 14dSep 2015 - Mar 2016 |
Drawdown Indicators
| SPFLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -9.10% | — |
Current DrawdownCurrent decline from peak | — | -2.97% | — |
Average DrawdownAverage peak-to-trough decline | — | -1.13% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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