Fund Evaluator:

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 11.01 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 388 securities in its portfolio. The top 10 holdings constitute 21.0% 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 7.2% 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 92.1% (84.9% domestic bond, 7.2% foreign bond and 0.0% convertible bond). American Beacon DoubleLine Fltng Rt Inv has 7.8% of the portfolio in cash.

Assets Under Management

The fund has $16 million in total assets, which is below the $352 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 58% for the Bank Loan category.

Recently, in the month of October 2026, American Beacon DoubleLine Fltng Rt Inv returned 0.1%, which earned it a grade of A, as the Bank Loan category had an average return of -0.3%. 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 5.62%, which is below the 6.58% 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 3.3%, 0.9 percentage points better than the category, which translates into a grade of A. The fund has returned 4.2% over the past year (grade of B), 6.8% over the past three years (grade of B) and 5.1% per year over the past five years (grade of C) and 4.2% per year over the past 10 years (grade of C).

Additional Fund Information

American Beacon DoubleLine Fltng Rt Inv is open to new investors. American Beacon DoubleLine Fltng Rt Inv is part of the N share class. The minimum initial purchase is $2,500 if purchased directly from American Beacon.

The fund has a maximum front-end load of 0.00% and maximum deferred sales charge of 0.00%.

Redemption fees are paid to the fund for selling your shares or switching funds and often are reduced or eliminated over time. American Beacon DoubleLine Fltng Rt Inv has a maximum redemption charge of 1.00%.

American Beacon DoubleLine Fltng Rt Inv does not have a 12b-1 fee. This fee is paid out of assets to cover the costs of marketing and selling fund shares as well as to cover the costs of providing shareholder services. The 12b-1 fee is reflected in the expense ratio.

The fund meets the classification of being considered a True No-Load fund.

American Beacon DoubleLine Fltng Rt Inv Risk

A basic investment concept is that risk should be rewarded. Standard deviation measures the degree of variation in return experienced relative to the average return for a fund. It notes the recent volatility of the fund but does not explain the elements impacting the volatility. For example, portfolio concentration or exposure to foreign investments can impact the volatility and should be examined to gain an understanding of the fund.

The total risk index relates the volatility of the fund to the volatility of all funds. It can help you understand the volatility of a fund across all categories. Ratios above 1.00 indicate higher risk than average. American Beacon DoubleLine Fltng Rt Inv has a low total risk index of 0.15 because of its standard deviation of 1.9%.

The category risk index relates the volatility of a fund to the average volatility for funds in the same investment category. American Beacon DoubleLine Fltng Rt Inv has below average category risk of 0.93, giving it a category risk grade of B. Letter grades of A, B, C, D and F are based upon these relative rankings.