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American Beacon Sound Point Floating Rate Income FUND

Portfolio information as of March 31, 2017
  • Summary
  • Performance
  • Overview

Investment Objective

The Fund's investment objective is to provide a high level of current income consistent with strong, risk-adjusted returns.

expertise in corporate
credit strategies

Sound Point Capital Management, LP, the Fund’s sub-advisor, is a credit-oriented alternative asset manager established by Stephen Ketchum in 2008. Mr. Ketchum has more than 25 years’ experience in credit structuring, advisory and investment management, and a successful track record of building and managing teams. Sound Point’s primary investment objective is to preserve capital in all market conditions and to generate attractive rates of return with low volatility.

Firm inception: 2008

Portfolio Managers:

  • Stephen Ketchum,
    Managing Partner and Principal Owner,
    industry since 1991
  • Rick Richert‌, Portfolio Manager,
    industry since 1994
  • Ryan Kohan, Co-Portfolio Manager,
    industry since 2007

strategy and objectives

  • The Fund invests primarily in floating-rate instruments of non-investment grade U.S. corporate issuers, broadly diversified across industry and sector.
  • Sound Point uses an in-depth, bottom-up, fundamental approach with the goal of minimizing credit and default risks.
  • Sound Point believes alpha generation is driven by active management and being highly selective in the new issue market and nimble in how it invests.
  • Sound Point aims to achieve lower volatility than the overall market, particularly in periods of dislocation.

Total Fund Assets

$698.0 Million  

Sub-Advisor (%)

Sound Point Capital Management, LP 100%

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The Fund’s investments in high yield securities, including loans, restricted securities and floating rate securities are subject to greater levels of credit, interest rate, market and limited marketability risks than investment-grade securities. In addition, loans are subject to the risk that the Fund may not be able to obtain the collateral securing the loan in a timely manner, and the value of the collateral may not cover the amount owed on the loan. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

For a prospectus containing more information, including expenses, click here. Read it carefully before you invest or send money. Past performance is no guarantee of future results.

American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds and American Beacon Sound Point Floating Rate Income Fund are service marks of American Beacon Advisors, Inc.