14 important things you should know about American Beacon SPFYX mutual fund

Updated: June 29, 2020
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Before we start: if you’re looking for SPFYX “stock” price, you can quickly find it out by visiting Finny and typing "SPFYX quote". If you’re looking for a quick scoop on SPFYX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "SPFYX". You’ll get all this info in one place.

Are you looking to buy or sell SPFYX? Or perhaps you’re looking for SPFYX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this SPFYX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: SPFYX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: SPFYX buy or sell; the pros and cons of investing in SPFYX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to SPFYX.

And here is the list of questions we’ll answer:

  1. Describe American Beacon Funds: American Beacon Sound Point Floating Rate Income Fund; Class Y Shares (SPFYX).
  2. What are SPFYX holdings?
  3. What is SPFYX performance? What are SPFYX historical returns?
  4. How many up and down years did SPFYX have historically?
  5. What is SPFYX dividend yield?
  6. What is SPFYX minimum initial investment amount?
  7. What is SPFYX expense ratio?
  8. Does SPFYX have any sales loads or 12b-1 distribution expenses?
  9. What is SPFYX tax efficiency (tax-cost ratio)?
  10. What is SPFYX beta? How would you assess SPFYX risk?
  11. What is SPFYX Sharpe ratio?
  12. What is SPFYX Finny Score? SPFYX buy or sell?
  13. What are the pros of investing in SPFYX? What are SPFYX buy reasons?
  14. What are the cons of investing in SPFYX? What are SPFYX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Beacon Funds: American Beacon Sound Point Floating Rate Income Fund; Class Y Shares (SPFYX).

The Fund seeks to provide a high level of current income consistent with strong risk-adjusted returns. The Fund invests at least 80% of its net assets in income producing floating rate loans and other floating rate debt securities, which may include bonds, notes and debentures issued by corporation or US government.

2. What are SPFYX top holdings?

SPFYX has 1 stock holdings and 268 bond holdings.

The top 10 holdings represent 12.38% of total assets. Here are the top holdings:

Name Symbol % Assets
ION TRADING TECHNOLOGIES SARL 2018 INCREMENTAL N/A 1.51%
VFH PARENT LLC 2019 TERM LOAN B N/A 1.42%
Cds U S Intermediate Hldgs Inc Term Loan B N/A 1.25%
GLOBAL EAGLE ENTMT INC TERM LOAN N/A 1.25%
PHOENIX PARENT HLDGS INC SYN TERM LOAN B 1 N/A 1.23%
Panther BF Aggregator 2 LP / Panther Finance Company Inc 8.5% N/A 1.21%
LifePoint Health, Inc 9.75% N/A 1.20%
Stg Fairway Acquisitions Inc. 2015 First Lien Term Loan N/A 1.14%
Univision Commmunications Inc. 6.75% N/A 1.14%
CommScope Inc. 5.5% N/A 1.03%

3. What is SPFYX performance? What are SPFYX historical returns?

SPFYX has generated the following returns:

  • 1-month return is 2.33%;
  • 3-month return is -13.86%;
  • 1-year return is -13.16%;
  • 3-year return is -1.99%;
  • 5-year return is 0.79%.

4. How many up and down years did SPFYX have historically?

In the last 10 years, SPFYX had 10 up years and 0 down years.

5. What is SPFYX dividend yield?

SPFYX yield is 6.5%.

6. What is SPFYX minimum initial investment amount?

SPFYX minimum initial investment amount is $100.00K.

7. What is SPFYX expense ratio?

SPFYX expense ratio is 0.91%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does SPFYX have any sales loads or 12b-1 distribution expenses?

SPFYX 12b-1 distribution fee is 0. SPFYX front-end sales load is 0. SPFYX back-end sales load is 0.

9. What is SPFYX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 2.67%;
  • 3-year ax cost ratio is 2.42%.

10. What is SPFYX beta? How would you assess SPFYX risk?

  • 3-year beta is 0.15;
  • 5-year beta is 0.06.

11. What is SPFYX Sharpe ratio?

  • 3-year Sharpe ratio is -0.43;
  • 5-year Sharpe ratio is -0.05.

Analysis

12. What is SPFYX Finny Score? SPFYX buy or sell?

SPFYX Finny Score is 43. Our quantitative analysis shows 3 reasons to buy SPFYX and 4 reasons to sell it, resulting in the Finny Score of 43.

13. What are the pros of investing in SPFYX? What are SPFYX buy reasons?

The following are SPFYX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.
  • SPFYX 3-year Beta is 0.15, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • SPFYX 5-year Beta is 0.06, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.

14. What are the cons of investing in SPFYX? What are SPFYX negatives?

The following are SPFYX weaknesses from our perspective:

  • SPFYX net assets are $519.00 million. This fund is not a popular choice with retail investors.
  • SPFYX 3-year return is -1.99%, which is lower than the 3-year return of the benchmark index (Credit Suisse Leveraged Loan USD), 0.53%.
  • SPFYX 5-year return is 0.79%, which is lower than the 5-year return of the benchmark index (Credit Suisse Leveraged Loan USD), 1.88%.
  • SPFYX expense ratio is 0.91%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the SPFYX review, we covered SPFYX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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