American Beacon Doubleline Floating Rate Fund A Class
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Rating
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Risk
Fund Information
Fund Type
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Open/Closed to New Investors
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Cash
Stock
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Non U.S. Stock
Bond
U.S. Bond
Non-U.S. Bond
Preferred
Convertible
Other
Services Offered
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Company Information
Provider
American Beacon
Manager/Tenure
(Years)
(Years)
Robert L. Cohen (13), Philip Kenney (7)
Address
American Beacon
Irving TX - 75039
Irving TX - 75039
Country
United States
Phone Number
800-658-5811
Investment Strategy
The investment seeks a high level of current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in income-producing floating-rate loans, other income-producing floating-rate debt securities and exchange-traded funds (“ETFs”) that invest in such instruments. It may invest in securities of stressed, distressed, and defaulted issuers (including issuers involved in bankruptcy proceedings, reorganizations, financial restructurings, or otherwise experiencing financial hardship).