Sector Weightings (%)
Software |
26.3
|
Healthcare Services |
9.6
|
Telecommunications |
9.1
|
Commercial Services |
7.0
|
Internet |
5.2
|
Retail |
4.6
|
Airlines |
4.4
|
Media |
3.3
|
Computers |
3.1
|
Building Materials |
2.9
|
Excludes cash.
Portfolio Statistics
Effective Maturity (years) |
4.00
|
Effective Duration (years) |
0.60
|
Average Loan Price |
97.2
|
Estimated Gross Yield to Maturity |
5.70%
|
Security Type (%)
1st Lien Bank Loan |
62.9
|
Corporate Bond |
17.6
|
Cash |
11.6
|
2nd Lien Bank Loan |
7.9
|
Top 10 Holdings (%)
Informatica LLC, 7.125%, Due 2/25/25 |
2.9
|
LogMeIn, Inc., 4.906%, Due 8/31/27 |
2.5
|
Solera LLC / Solera Finance, Inc., 10.500%, Due 3/1/24 |
2.2
|
EIG Investors Corp., 10.875%, Due 2/1/24 |
2.2
|
Mileage Plus Holdings LLC, 6.250%, Due 6/25/27 |
2.1
|
Intelsat Jackson Holdings S.A., Due 11/27/23 |
2.1
|
WP CityMD Bidco LLC, 5.500%, Due 8/13/26 |
2.0
|
Tutor Perini Corp., 5.750%, Due 8/13/27 |
2.0
|
Alphabet Holding Co., Inc., 7.897%, Due 9/26/25 |
2.0
|
Ivanti Software, Inc., 10.000%, Due 1/20/25 |
2.0
|
Total Fund Holdings |
93
|
Total Number of Issuers |
79.0
|
Excludes cash.
MATURITY DISTRIBUTION (%)
0 to 3 Years |
9.2
|
3 to 5 Years |
44.6
|
5 to 7 Years |
39.9
|
7 to 10 Years |
6.4
|
Leverage (%)
Net Assets borrowed from line of credit |
0 |
This may contain information obtained from third parties, including ratings from credit ratings
agencies such as Standard & Poor's. Reproduction and distribution of third-party content in any
form is prohibited except with the prior written permission of the related third party. Third-party
content providers do not guarantee the accuracy, completeness, timeliness or availability of any
information, including ratings, and are not responsible for any errors or omissions (negligent or
otherwise), regardless of the cause, or for the results obtained from the use of such content.
THIRD-PARTY CONTENT PROVIDERS GIVE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING,
BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE OR USE. THIRD-PARTY CONTENT PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT,
INDIRECT, INCIDENTAL, EXEMPLARY, COMPENSATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL
DAMAGES, COSTS, EXPENSES, LEGAL FEES OR LOSSES (INCLUDING LOST INCOME OR PROFITS
AND OPPORTUNITY COSTS OR LOSSES CAUSED BY NEGLIGENCE) IN CONNECTION WITH ANY
USE OF THEIR CONTENT, INCLUDING RATINGS. Credit ratings are statements of opinions and are
not statements of fact or recommendations to purchase, hold or sell securities. They do not address
the suitability of securities or the suitability of securities for investment purposes and should not be
relied on as investment advice.
S&P credit ratings for long-term obligations (or issuers thereof) are AAA, AA, A, BBB, BB, B, CCC,
CC, C and D in decreasing order. For example, obligations rated AAA are judged to be of the highest
quality, BBB to be of medium grade, CCC are judged to be speculative and obligations rated D are
in default. Obligations rated in one of the four highest categories are considered to be investment
grade while all other ratings are considered non-investment grade.
Duration is a measure of price sensitivity relative to changes in interest rates. The Fund's Estimated
Yield to Maturity is calculated by averaging the yield to maturity of each security held in the Fund
on a market-weighted basis. Yield to maturity data for each security is provided by the Fund’s
custodian. If a security’s yield to maturity is not available from the custodian, data from Bloomberg
is used. When not available from either source, a yield to maturity is assigned based on prior data.
Yields reported gross of fees, the deduction of which will reduce the yield.
American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Sound Point Enhanced Income Fund
is a service mark of American Beacon Advisors, Inc.