American Beacon DoubleLine Select Income Fund (BILTX)
The Fund seeks long-term total return while striving to generate current income.
Overview
AN INFLATION-RESISTANT AND COUNTERCYCLICAL STRATEGY FOCUSING ON INFRASTUCTURE CREDIT
At least 50% of the Fund’s net assets are invested in fixed-income infrastructure investments, which include investments in companies, assets or projects that support the development and operation of a community and/or the broader economy.
Issuer performance is generally inflation resilient because their revenue-generating contracts and/or concessions are often linked to inflation. Issuers are generally able to pass through the inflation costs to end users because demand for infrastructure projects is inelastic, resulting in stable and predictable cash flows. Infrastructure credit has a long, demonstrated track record of low defaults and high recovery rates compared to corporate bonds, according to S&P Global.
The Fund pursues:
- Attractive Yield: The Fund endeavors to achieve a strong yield and a low duration.
- Diversification: The Fund provides significant opportunity for diversification with a low correlation to the Bloomberg US Aggregate Bond Index.
- Exploiting market inefficiencies: The Fund seeks out unique inefficiencies in corporate and securitized debt with a sub-advisor that has deep experience in asset-based finance.
The Fund is sub-advised by DoubleLine Capital LP, which has expertise in corporate credit strategies. DoubleLine is a privately owned, employee-controlled asset management business founded by Jeffrey Gundlach and 45 colleagues in 2009. DoubleLine provides investment management services with a cardinal mandate: to help deliver attractive risk-adjusted returns to clients.
Firm inception: 2009
Portfolio Managers:
- Andrew Hsu, CFA; industry since 2002
- Damien Contes, CFA; industry since 2001
| Fund Details as of 03/27/2026 | |
|---|---|
| Ticker | BILTX |
| Inception Date | 4/1/2016 |
| Fund Share Class NAV | $9.40 |
|
Total Fund Assets ($M) as of 2/28/2026 |
367.3 |
|
Share Class Assets ($M) as of 2/28/2026 |
9.1 |
| Sub-Advisor % as of | |
|
DoubleLine Capital LP100%
|
|
| Benchmark(s) | |
| Bloomberg US Aggregate Bond Index | |
| CUSIP | 02452A676 |
| Gross Expense Ratio (%) | 0.89% |
| Net Expense Ratio (%) | 0.85% |
Net asset value (NAV) is the value of one share of the portfolio excluding any sales charges.
Performance
Total Return
- Month End (as of 2/28/2026)
- Quarter End (as of 12/31/2025)
| Name/Class | QTR* | YTD* | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception |
|---|---|---|---|---|---|---|---|
| DoubleLine Select Income Fund (Investor) | 1.44% | 1.52% | 6.12% | 6.79% | 1.69% | N/A | 2.83% |
| Bloomberg US Aggregate Bond Index | 1.60% | 1.75% | 6.26% | 5.12% | 0.42% | N/A | 1.90% |
| Name/Class | QTR* | YTD* | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception |
|---|---|---|---|---|---|---|---|
| DoubleLine Select Income Fund (Investor) | 0.76% | 7.32% | 7.32% | 6.67% | 1.36% | N/A | 2.72% |
| Bloomberg US Aggregate Bond Index | 1.10% | 7.30% | 7.30% | 4.66% | -0.36% | N/A | 1.75% |
Performance shown is historical and is not indicative of future returns. Investment returns and principal value will vary, and shares may be worth more or less at redemption than at original purchase. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted. To obtain performance as of the most recent month end, please visit americanbeaconfunds.com or call 800.967.9009.
*Not Annualized.
Important Information: All investing involves risk, including possible loss of principal. Indexes are unmanaged and one cannot invest directly in an index.
The R6 Class of the Fund began operations on February 23, 2026. Performance shown prior to that date is that of the Y Class. The combined returns have not been adjusted for any difference between the fees and expenses of the R6 Class and the historical fees and expenses of the Y Class. To the extent the Y Class had lower expenses, the resulting performance would be better than the R6 Class would have realized during the same period. To the extent the Y Class had higher expenses, the resulting performance would be lower than the R6 Class would have realized during the same period.
The Bloomberg US Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively, “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg does not approve or endorse this material, or guarantee the accuracy or completeness of any information herein, or make any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, shall not have any liability or responsibility for injury or damages arising in connection therewith.
DoubleLine® is a registered trademark of DoubleLine Capital LP.
Portfolio
The use of fixed-income securities entails interest rate and credit risks. Interest rate risk is the risk that debt securities will decrease in value with increases in market interest rates. Credit risk is the risk that a debt issuer will fail to make timely payment of interest or principal; the decline in an issuer’s credit rating can cause the price of its debt securities to go down. In addition, loans are subject to the risk that the Fund may not be able to obtain the collateral securing the loan in a timely manner, and the value of the collateral may not cover the amount owed on the loan. Concentration in infrastructure investments makes the Fund dependent upon the successful development, construction, maintenance, renovation, enhancement or operation of infrastructure-related projects, which may be negatively affected by economic, regulatory, political, legal, demographic, environmental, and other developments. Investments in high-yield securities (commonly referred to as “junk bonds”), including loans, CLOs, restricted securities and floating-rate securities, are subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. Investing in foreign and emerging markets may involve heightened risk due to currency fluctuations and economic and political risks. Derivative instruments may be highly sensitive to market factors, have less liquidity than other investments and involve the potential for losses to exceed the amount invested. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.
Duration is a measure of price sensitivity relative to changes in interest rates. Standard Deviation is a measure of the historical volatility of the Fund’s returns.
S&P credit ratings for long-term obligations (or issuers thereof) are AAA, AA, A, BBB, BB, B, CCC, CC, C and D in decreasing order. For example, obligations rated AAA are judged to be of the highest quality, BBB to be of medium grade, CCC are judged to be speculative and obligations rated D are in default. Obligations rated in one of the four highest categories are considered to be investment grade while all other ratings are considered non-investment grade.
This may contain information obtained from third parties, including ratings from credit ratings agencies such as Standard & Poor’s. Reproduction and distribution of third-party content in any form is prohibited except with the prior written permission of the related third party. Third-party content providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such content. THIRD-PARTY CONTENT PROVIDERS GIVE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. THIRD-PARTY CONTENT PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPENSATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS OR LOSSES CAUSED BY NEGLIGENCE) IN CONNECTION WITH ANY USE OF THEIR CONTENT, INCLUDING RATINGS. Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the suitability of securities or the suitability of securities for investment purposes and should not be relied on as investment advice.
DoubleLine® is a registered trademark of DoubleLine Capital LP.
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