American Beacon DoubleLine Floating Rate Fund
Data updated: 2026-07-29
C000163964 — American Beacon DoubleLine Floating Rate Fund. Intermediate Corporate Bond · $123.72M AUM. Holdings, fees, performance and SEC filings.
C000163964 Fund Overview
American Beacon DoubleLine Floating Rate Fund is a US mutual fund managed by American Beacon Funds, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: American Beacon Funds
- Category: Intermediate Corporate Bond
- Assets under management: $123.72M
- 1-year return: 9.2%
- SEC CIK: 0000809593
- SEC series ID: S000052009
- Share class ID: C000163964
C000163964 Investment Objective and Strategy
American Beacon DoubleLine Floating Rate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Beacon Funds.
Investment objective
The Fund's investment objective is to seek to provide a high level of current income consistent with strong risk-adjusted returns.
Principal investment strategy
"Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in income-producing floating-rate loans and other floating-rate debt securities, which may include bonds, notes and debentures issued by corporations, and debt securities issued or guaranteed by the U.S. government or one of its agencies or instrumentalities. The Fund invests primarily in senior floating-rate loans (""Floating Rate Loans"") which are made by banks and other large financial institutions to various companies and are senior in the borrowing companies' capital structure. Floating Rate Loans typically are of below investment grade quality (commonly referred to as ""high yield"" or ""junk"" bonds) and have below investment grade credit ratings, which ratings are associated with securities having high risk or speculative characteristics, or may be unrated but deemed by the sub-advisor to be of equivalent quality.
The sub-advisor utilizes a bottom-up, fundamental, research-intensive approach to achieve the Fund's objective by identifying fundamentally attractive Floating Rate Loans or variable-rate investments, which it considers undervalued, which pay interest at variable-rates on the basis of a base lending rate, such as the London Interbank Offered Rate (""LIBOR""), with or without a floor plus a fixed spread and other investments, including senior secured and unsecured bonds, and by creating a portfolio with an optimal blend of these securities. In managing the Fund, the sub-advisor seeks to invest in a portfolio of Floating Rate Loans that it believes will be less volatile over time than the general loan market. The sub-advisor considers preservation of capital when consistent with the Fund's investment objective.
The Fund invests in securities without regard to maturity or duration. The sub-advisor focuses on relative value across industries, within industries and within individual capital structures. Given the focus on relative value, the Fund has a target investment life cycle of 3 to 12 months and does not employ a ""buy-and-hold"" strategy. Therefore, the Fund may have high portfolio turnover. The sub-advisor generally sells a security when it believes its projected future return becomes unattractive relative to the rest of the portfolio or the investable universe. The interest rates payable on Floating Rate Loans and other floating-rate debt securities are not fixed and may fluctuate based upon changes in market rates. The Floating Rate Loans in which the Fund invests typically have multiple reset periods during the year.
As short-term interest rates decline, interest payable to the Fund typically decreases. Alternatively, during periods of increasing interest rates, changes in the interest rates of floating-rate securities may lag behind changes in market rates or may have limits on the maximum increases in interest rates. The amount of time that will pass before the Fund experiences the effects of changing short-term interest rates will depend on the dollar-weighted-average time until the next interest rate adjustment on the Fund's portfolio of loans. Loans typically have mandatory and optional prepayment provisions. Because of prepayments, the actual remaining maturity of a loan may be considerably less than its stated maturity. If a loan is prepaid, the Fund will have to reinvest the proceeds in other loans or securities, which may have a lower spread over its base rate.
In such a case, the amount of interest paid to the Fund would likely decrease. The Fund may invest a portion of its assets in high quality fixed-income securities, money market instruments, money market mutual funds, exchange-traded funds, or hold cash or cash equivalents in such amounts as the sub-advisor deems appropriate under certain circumstances, including when the sub-advisor believes the Fund needs to retain cash. Money market instruments, exchange-traded funds, or short-term debt securities held by the Fund for cash management or defensive investing purposes can fluctuate in value."
C000163964 Holdings
Top 10 holdings of American Beacon DoubleLine Floating Rate Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| American Beacon U.S. Government Money Market | 6.40% |
| State Street Blackstone Senior Loan ETF | 2.11% |
| Invesco Senior Loan ETF | 2.10% |
| Bausch & Lomb Corporation | 1.57% |
| LSF9 Atlantis Holdings LLC | 1.47% |
| Zayo Group Holdings Inc | 1.33% |
| UKG Inc | 1.27% |
| Cengage Learning, Inc. | 1.19% |
| Dayforce, Inc. | 1.18% |
| Acrisure, LLC | 1.14% |
C000163964 Portfolio Allocation
Asset-class allocation of American Beacon DoubleLine Floating Rate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Loans | 85.4% |
| Cash & Equivalents | 6.4% |
| Fixed Income | 5.8% |
| Equity | 4.3% |
C000163964 Performance
Total returns for C000163964 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.2% |
| 3 years (annualised) | 4.2% |
C000163964 Risk Information
Risk metrics for C000163964, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.7%
C000163964 Costs and Fees
C000163964 costs about $109 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.09%
- Gross expense ratio: 1.18%
- Portfolio turnover: 117%
- Brokerage commissions: 0.07 bps of average net assets (SEC N-CEN)
C000163964 Cashflows
Over the 12 months to 2026-05, American Beacon DoubleLine Floating Rate Fund had net inflows of $2.63M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$3.13M |
| 2026-04 | −$3.45M |
| 2026-03 | −$12.32M |
| 2026-02 | $38.40M |
| 2026-01 | −$1.33M |
| 2025-11 | −$1.18M |
C000163964 Debt Constituents
Largest debt holdings of American Beacon DoubleLine Floating Rate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Victra Hldg/victra Fin | 0.21% |
| Global Air Lease Co. Ltd. | 0.17% |
| Viking Cruises Ltd. | 0.13% |
| Tk Elevator US Newco, Inc. | 0.11% |
| Iqvia, Inc. | 0.11% |
| Wr Grace Holding LLC | 0.11% |
| Watco Cos Llc/finance Co. | 0.10% |
| Builders Firstsource, Inc. | 0.10% |
| Clydesdale Acquisition | 0.09% |
| Rivers Enterprise | 0.09% |
C000163964 Prospectus and SEC Filings
Official American Beacon DoubleLine Floating Rate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-29
- Prospectus (485BPOS) — filed 2025-12-29
- Prospectus (485BPOS) — filed 2024-12-23
- Portfolio holdings (N-PORT) — filed 2026-07-28
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2026-06-15
- Annual census (N-CEN) — filed 2025-11-13
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.