Fund Evaluator:
American Beacon DoubleLine Fltng Rt Inv (ADLPX)
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Best Performing in Bank Loan Over the Last Year
| 5.0% | Fidelity Advisor Floating Rate Hi Inc Z (FIQSX) |
| 5.0% | Aristotle Floating Rate Income I-2 (PLFDX) |
| 5.0% | American Beacon DoubleLine Fltng Rt Inv (ADLPX) |
| 5.0% | Fidelity Floating Rate High Income (FFRHX) |
| 4.9% | Artisan Floating Rate Investor (ARTUX) |
Fund Details
American Beacon DoubleLine Fltng Rt Inv Overview
American Beacon DoubleLine Fltng Rt Inv (ADLPX) is an actively managed Taxable Bond Bank Loan fund. American Beacon launched the fund in 2013.
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).
About American Beacon DoubleLine Fltng Rt Inv (ADLPX)
There are 2 members of the management team with an average tenure of 10.67 years: Robert Cohen (2013), Philip Kenney (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and S&P UBS Leveraged Loan TR USD index with a weighting of 100%. American Beacon DoubleLine Fltng Rt Inv has 342 securities in its portfolio. The top 10 holdings constitute 20.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
American Beacon DoubleLine Fltng Rt Inv is part of the Fixed Income global asset class and is within the Taxable Bond fund group. American Beacon DoubleLine Fltng Rt Inv has 5.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.1%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 88.4% (82.6% domestic bond, 5.8% foreign bond and 0.0% convertible bond). American Beacon DoubleLine Fltng Rt Inv has 11.5% of the portfolio in cash.
Assets Under Management
The fund has $16 million in total assets, which is below the $343 million average for the Bank Loan category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ADLPX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Beacon DoubleLine Fltng Rt Inv expense ratio is high compared to funds in the Bank Loan category. American Beacon DoubleLine Fltng Rt Inv has an expense ratio of 1.05%, which is the same as its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. American Beacon DoubleLine Fltng Rt Inv has a portfolio turnover rate of 117%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Bank Loan category.
Recently, in the month of June 2026, American Beacon DoubleLine Fltng Rt Inv returned -0.1%, which earned it a grade of F, as the Bank Loan category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
American Beacon DoubleLine Fltng Rt Inv has a trailing yield of 5.84%, which is below the 6.80% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
American Beacon DoubleLine Fltng Rt Inv Grades
Year to date, the fund has returned 1.5%, 0.2 percentage points better than the category, which translates into a grade of C. The fund has returned 5.0% over the past year (grade of B), 7.0% over the past three years (grade of C) and 5.0% per year over the past five years (grade of C) and 4.3% per year over the past 10 years (grade of D).
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ADLPX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ADLPX Return (NAV) | -0.1% | 1.9% | 5.0% | 7.0% | 5.0% | 4.3% |
| ADLPX Grade | F | B | B | C | C | D |
| +/- Category | -0.2% | 0.0% | 1.0% | 0.1% | -0.1% | -0.3% |
| Bank Loan Avg | 0.1% | 1.9% | 4.0% | 6.9% | 5.0% | 4.5% |
| ADLPX Tax Cost Ratio | na | na | 2.3% | 2.8% | 2.5% | 2.1% |
ADLPX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ADLPX Return (NAV) | 1.5% | 6.5% | 7.8% | 10.5% | -2.4% | 4.0% | 2.5% | 6.4% | -0.2% | 3.5% | 5.0% |
| ADLPX Grade | C | A | D | F | C | D | B | F | C | D | F |
| +/- Category | 0.2% | 1.4% | -0.4% | -1.6% | -0.0% | -0.7% | 1.2% | -1.1% | 0.2% | -0.2% | -4.2% |
| Bank Loan Avg | 1.4% | 5.1% | 8.2% | 12.1% | -2.3% | 4.7% | 1.3% | 7.6% | -0.4% | 3.7% | 9.2% |
| Risk Measures | |
| Standard Deviation: | 1.9% |
| Total Risk Index: | 0.15 - Low |
| Category Risk Index: | 0.92 - Low |
| Category Risk Grade: | A (14% Rank) |
| Beta: | 0.03 |
| R-Squared: | 1% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 5.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $124 Mil |
| Fund Total Assets: | $ 16 Mil |
| Share Class Type: | N |
| Portfolio Turnover: | 117% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.4 years | |||
| Average Tenure: 10.7 years | |||
| Managers (Year): Cohen Robert (2013), Kenney Philip (2018) | |||
Portfolio Composition (as of 1/31/26)
| # of Holdings: | 342 |
| % in Top 10 Holdings: | 20.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 5.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.1% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 82.6% |
| Foreign Bond: | 5.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 11.5% |
Purchase Information
| Fund Family: | American Beacon |
| Phone Number: | 877-354-6311 |
| Website: | www.americanbeaconfunds.com |
| Status: | Open |
| Inception Date: | February 1, 2013 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 1.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.05% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | American Beacon DoubleLine Fltng Rt Y |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
