American Beacon Sound Point Floating Rate Income Fund (SPFLX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SPFLX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPFLX
SPFLX charges 0.82% annually. There are 33 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | SPFLX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | SPFLX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | SPFLX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | SPFLX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | SPFLX vs LFRIX |
Best Risk-Adjusted Alternatives to SPFLX
Among 62 mutual funds in the Bank Loan category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | SPFLX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 98 | — | Jun 2023 | SPFLX vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | SPFLX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 96 | — | Feb 2006 | SPFLX vs SAMBX | |
| PGIM Floating Rate Income Fund | 94 | — | Mar 2011 | SPFLX vs FRFZX |
Top Performing SPFLX Alternatives (YTD)
Among 62 mutual funds in the Bank Loan category with YTD return data, the top-performing alternatives shown here go as high as 3.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.22% | — | Dec 2009 | SPFLX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 2.93% | — | Jan 2017 | SPFLX vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 2.55% | — | Feb 2006 | SPFLX vs SAMBX | |
| PGIM Floating Rate Income Fund | 2.29% | — | Mar 2011 | SPFLX vs FRFZX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.19% | — | Jun 2023 | SPFLX vs CAPIX |
Lowest Volatility Alternatives to SPFLX
Among 62 mutual funds in the Bank Loan category with 1-year volatility data, the lowest-volatility alternatives shown here go as low as 0.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.77% | — | Sep 2016 | SPFLX vs RCRIX | |
| Payden Floating Rate Fund | 1.23% | — | Nov 2013 | SPFLX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.34% | — | Sep 2013 | SPFLX vs DFLYX | |
| Shenkman Capital Floating Rate High Income Fund | 1.65% | — | Oct 2014 | SPFLX vs SFHIX | |
| Donoghue Forlines Risk Managed Income Fund | 1.67% | — | Dec 2017 | SPFLX vs FLOTX |
Lowest Drawdown Alternatives to SPFLX
Among 62 mutual funds in the Bank Loan category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | SPFLX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | SPFLX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | SPFLX vs FRFZX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | SPFLX vs PSFIX | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | SPFLX vs CFOIX |
Other Mutual Funds from American Beacon
The 10 most viewed American Beacon mutual funds shown here include AGEPX, AHTPX, AVFIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| American Beacon Frontier Markets Income Fund | Emerging Markets Bonds | 98 | 6.76% | — | Feb 2014 | SPFLX vs AGEPX | |
| American Beacon AHL TargetRisk Fund | Tactical Allocation | 63 | 8.43% | — | Dec 2018 | SPFLX vs AHTPX | |
| American Beacon Small Cap Value Fund | Small Cap Value Equities | 60 | 21.03% | — | Dec 1998 | SPFLX vs AVFIX | |
| American Beacon Large Cap Value Fund | Large Cap Value Equities | 43 | 7.57% | — | Jul 1987 | SPFLX vs AADEX | |
| American Beacon ARK Transformational Innovation Fu... | Mid Cap Growth Equities | 13 | 2.13% | — | Jan 2017 | SPFLX vs ADNPX | |
| American Beacon Balanced Fund | Diversified Portfolio | 51 | 5.51% | — | Jul 1987 | SPFLX vs AADBX | |
| American Beacon AHL Managed Futures Strategy Fund | Systematic Trend | 87 | 12.55% | — | Aug 2014 | SPFLX vs AHLPX | |
| American Beacon Tocqueville International Value Fu... | Foreign Large Cap Equities | 92 | 35.27% | — | Aug 1994 | SPFLX vs TIVFX | |
| American Beacon International Equity Fund | Foreign Large Cap Equities | 29 | 7.21% | — | Aug 1991 | SPFLX vs AAIEX | |
| American Beacon SiM High Yld Opps Fund | High Yield Bonds | 95 | 1.91% | — | Feb 2011 | SPFLX vs SHYPX |
Often Compared With SPFLX
Investors most often compare SPFLX with LSFYX, PFLRX, FLARX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare SPFLX with Any Fund or Stock
Compare SPFLX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPFLX with funds that move differently
American Beacon Sound Point Floating Rate Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPFLX.
Explore SPFLX Diversifiers