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Trending ETFs

American Beacon Sound Point Enhanced Income Fund

mutual fund
SPEYX
Payout Change
Suspended
Price as of:
$9.63 +0.0 +0.0%
primary theme
N/A
share class
SPEYX (Mutual Fund)

American Beacon Sound Point Enhanced Income Fund

Payout Change
Suspended
Price as of:
$9.63 +0.0 +0.0%
primary theme
N/A
share class
SPEYX (Mutual Fund)

American Beacon Sound Point Enhanced Income Fund

Payout Change
Suspended
Price as of:
$9.63 +0.0 +0.0%
primary theme
N/A
share class

Name

As of 07/06/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.63

-

-

$1.49

1.62%

Vitals

YTD Return

0.8%

1 yr return

12.9%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$N/A

Holdings in Top 10

29.5%

52 WEEK LOW AND HIGH

$9.6
$9.07
$9.78

Expenses

OPERATING FEES

Expense Ratio 1.62%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Closed-end mutual fund


Name

As of 07/06/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.63

-

-

$1.49

1.62%

SPEYX - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Beacon Sound Point Enhanced Income Fund
  • Fund Family Name
    American Beacon
  • Inception Date
    Jul 02, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stephen Ketchum

Fund Description


SPEYX - Performance

Return Ranking - Trailing

Period SPEYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -34.4% 25.8% 39.45%
1 Yr 12.9% -43.4% 54.3% 16.86%
3 Yr N/A* -15.5% 11.8% N/A
5 Yr N/A* -17.0% 14.5% N/A
10 Yr N/A* -1.6% 12.9% N/A

* Annualized

Return Ranking - Calendar

Period SPEYX Return Category Return Low Category Return High Rank in Category (%)
2025 0.2% -49.2% 314.3% 63.51%
2024 -4.2% -35.1% 15.3% 97.92%
2023 N/A -48.0% 3.4% N/A
2022 N/A -14.8% 11.2% N/A
2021 N/A -11.2% 10.7% N/A

Total Return Ranking - Trailing

Period SPEYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -34.4% 25.0% 39.45%
1 Yr 12.9% -46.7% 54.3% 15.87%
3 Yr N/A* -17.1% 13.4% N/A
5 Yr N/A* -18.0% 14.5% N/A
10 Yr N/A* -1.6% 12.9% N/A

* Annualized

Total Return Ranking - Calendar

Period SPEYX Return Category Return Low Category Return High Rank in Category (%)
2025 0.2% -49.2% 314.3% 63.51%
2024 -4.2% -35.1% 15.3% 98.22%
2023 N/A -48.0% 8.0% N/A
2022 N/A -14.8% 15.2% N/A
2021 N/A -11.2% 17.7% N/A

NAV & Total Return History


SPEYX - Holdings

Concentration Analysis

SPEYX Category Low Category High SPEYX % Rank
Net Assets N/A 10 140 B N/A
Number of Holdings 61 3 8055 80.93%
Net Assets in Top 10 2.79 M -3.15 B 5.97 B 87.33%
Weighting of Top 10 29.51% 4.2% 100.0% 52.94%

Top 10 Holdings

  1. American Beacon US Govt MMkt Select 6.13%
  2. Dcert Buyer Inc 2021 2nd Lien Term Loan 3.11%
  3. Dcert Buyer Inc 2021 2nd Lien Term Loan 3.11%
  4. Dcert Buyer Inc 2021 2nd Lien Term Loan 3.11%
  5. Dcert Buyer Inc 2021 2nd Lien Term Loan 3.11%
  6. Dcert Buyer Inc 2021 2nd Lien Term Loan 3.11%
  7. Dcert Buyer Inc 2021 2nd Lien Term Loan 3.11%
  8. Dcert Buyer Inc 2021 2nd Lien Term Loan 3.11%
  9. Dcert Buyer Inc 2021 2nd Lien Term Loan 3.11%
  10. INFORMATICA LLC 2020 USD 2ND LIEN TERM LOAN 2.93%

Asset Allocation

Weighting Return Low Return High SPEYX % Rank
Bonds
91.38% -146.87% 302.14% 34.19%
Cash
6.43% -210.92% 259.83% 47.48%
Convertible Bonds
2.18% 0.00% 206.37% 43.17%
Stocks
0.00% -84.00% 184.68% 77.00%
Preferred Stocks
0.00% 0.00% 31.40% 62.85%
Other
0.00% -45.66% 106.30% 47.11%

Bond Sector Breakdown

Weighting Return Low Return High SPEYX % Rank
Corporate
93.57% 0.00% 100.00% 2.21%
Cash & Equivalents
6.43% 0.00% 100.00% 57.81%
Derivative
0.00% 0.00% 67.54% 67.53%
Securitized
0.00% 0.00% 98.23% 93.23%
Municipal
0.00% 0.00% 55.87% 50.31%
Government
0.00% 0.00% 99.63% 90.90%

Bond Geographic Breakdown

Weighting Return Low Return High SPEYX % Rank
US
83.00% -147.15% 292.53% 12.55%
Non US
8.38% -225.98% 105.85% 83.15%

SPEYX - Expenses

Operational Fees

SPEYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.62% 0.02% 5.53% 29.71%
Management Fee 1.20% 0.00% 2.25% 88.53%
12b-1 Fee 0.00% 0.00% 1.00% 3.80%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

SPEYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SPEYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

SPEYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 498.00% N/A

SPEYX - Distributions

Dividend Yield Analysis

SPEYX Category Low Category High SPEYX % Rank
Dividend Yield 0.00% 0.00% 3.35% 29.10%

Dividend Distribution Analysis

SPEYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

SPEYX Category Low Category High SPEYX % Rank
Net Income Ratio N/A -1.28% 11.44% N/A

Capital Gain Distribution Analysis

SPEYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SPEYX - Fund Manager Analysis

Managers

Stephen Ketchum


Start Date

Tenure

Tenure Rank

Jul 02, 2018

3.0

3.0%

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.

Rick Richert


Start Date

Tenure

Tenure Rank

Jul 02, 2018

3.0

3.0%

Rick Richert is a Portfolio Manager at Sound Point. Mr. Richert has been at Sound Point since May 2011. Prior to joining Sound Point, Mr. Richert was a Principal in the CLO group at American Capital (“ACAS”) where for 4 years he served as a senior member of a team managing in bank loan assets. His primary role was managing the cash flow CLO and directly covered over 40 names in the Aerospace & Defense, Building Materials, Chemical, Electronics, Metals & Mining and Oil & Gas industries. Prior to ACAS, Mr. Richert was a Senior Credit Analyst at Sanno Point Capital Management, a credit-focused hedge fund, where he covered Home Builders, Metals & Mining, TMT, and Drug Store Retailers. Previously, he was a Director in the Bank Loan Unit at MetLife, where he worked for 10 years. At MetLife, Mr. Richert managed a portfolio of leveraged loans and directly covered over 40 names across many industries. Mr. Richert earned his M.B.A. in Finance from the University of Michigan and his B.B.A. in Accounting from Southern College. He is a Chartered Financial Analyst charterholder and is a Certified Public Accountant.

Garrick Stannard


Start Date

Tenure

Tenure Rank

Jul 02, 2018

3.0

3.0%

Mr. Garrick Stannard serves as Portfolio Manager at Sound Point Capital Management. Prior to joining Sound Point, Mr. Stannard spent 6 years as a senior distressed and special situations analyst at Aristeia Capital, a credit opportunities hedge fund with over $4 billion of assets under management. Prior to Aristeia, Mr. Stannard was a senior analyst at Novator Partners and Context Capital Management. He began his career in the Investment Banking Group at Deutsche Bank, where he spent over 7 years in the Project & Structured Finance, Restructuring and Mergers & Acquisitions groups. Mr. Stannard holds a B.A. degree in Economics from Colgate University.

Joe Xu


Start Date

Tenure

Tenure Rank

Jan 25, 2019

2.43

2.4%

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

1.14

1.1%

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
0.01 27.52 5.54 2.28