AAM/HIMCO Short Duration Fund Daily Performance as of 08/31/2021
|Class||NAV||POP1||Daily Change||% Daily Change||YTD Return|
|ASDAX (Class A)||10.09||10.35||0.00||0.00%||0.53%|
|ASDCX (Class C)||10.07||10.07||0.00||0.00%||-0.06%|
|ASDIX (Class I)||10.10||10.10||0.00||0.00%||0.59%|
AAM/HIMCO Short Duration Fund as of Quarter-end 6/30/2021
|Class||Quarter End||Year-to-Date||1 Year||3 Years||5 Years||Since Inception |
|ASDAX (Class A)||0.23%||0.46%||2.24%||2.55%||2.33%||2.06%|
|with sales charge2||-2.29%||-2.07%||-0.36%||1.70%||1.82%||1.69%|
|ASDCX (Class C)3||0.11%||0.04%||1.47%||1.78%||1.57%||1.32%|
|ASDIX (Class I)||0.27%||0.45%||2.48%||2.76%||2.57%||2.32%|
|Bloomberg Barclays |
1-3 Year U.S. Government Credit Index4
AAM/HIMCO Short Duration Fund Calendar Year Performance
|ASDAX (Class A)||1.21%||2.91%||2.35%||0.93%||4.89%||1.80%|
|with sales charge 2||-1.28%||0.36%||-0.17%||-1.63%||2.30%||-0.76%|
|ASDCX (Class C) 3||0.55%||2.21%||1.63%||0.18%||4.02%||1.13%|
|ASDIX (Class I) ||1.54%||3.16%||2.70%||1.07%||5.15%||2.15%|
|Bloomberg Barclays 1-3 Year U.S. |
Government/Credit Index 4
Performance is annualized for periods longer than one year. Redemption fee if redeemed within 30 days of purchase: 1.00%.
1Public Offering Price
2Sales charge for Class A: 2.50%, maximum deferred sales charge 1.00%.
3Class C shares are subject to a contingent deferred sales charge of 1.00% when redeemed within 12 months of purchase. Performance returns would be lower if this charge was reflected.
4Bloomberg Barclays 1-3 Year U.S. Government/Credit Index is an unmanaged index comprised of the U.S. Government/Credit component of the U.S. Aggregate Index. It is not possible to invest directly in an index.
The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. To obtain performance information current to the most recent month-end, please call 1-888-966-9661.
All products shown above may not be available within your firm. Please consult your AAM Representative for more information.
View the AAM/HIMCO Short Duration Fund prospectus. The AAM Funds are distributed by IMST Distributors, LLC.
There is a 1.00% redemption fee imposed on shares if redeemed within 30 days of purchase.
Mutual fund investing involves risk, including the potential loss of principal. An outbreak of an infectious respiratory illness caused by a novel coronavirus known as COVID-19 has negatively affected the worldwide economy, as well as the economies of individual countries, the financial health of individual companies and the market in general in significant and unforeseen ways. The future impact of COVID-19 is currently unknown, and it may exacerbate other risks that apply to the Fund. Any such impact could adversely affect the Fundâ€™s performance, the performance of the securities in which the Fund invests and may lead to losses on your investment in the Fund. A significant percentage of the Fundâ€™s assets may be below investment-grade securities (â€œhigh-yield securitiesâ€ or â€œjunk bondsâ€), which are rated lower because there is a greater possibility that the issuer may be unable to make its interest and principal payments, and involve risks beyond those inherent in solely higher-rated investments.
The Weighted Average Life of the fund is the average time to receipt of unpaid principal of each security weighted by its respective contribution to the total market value of the fund, including principal and accrued interest.
Laddered Portfolio is a portfolio of fixed income securities of varied maturity dates.
There can be no assurance that this objective will be met or that losses will be avoided. Diversification cannot assure against market loss.
Duration is a measure of the sensitivity of the price of a fixed income investment to changes in the general level of interest rates.
This Fund invests in bank loans, which carry credit risks of nonpayment of principal or interest and risks of bankruptcy, insolvency, illiquidity, prepayment, interest rate, recovery and valuation.
The Fund may invest in derivatives, such as options, futures and swaps, which carry different (and possibly greater) risks than direct investments in issuers, and are very dependent upon the sub-adviserâ€™s judgment. In addition, investments in derivative instruments are subject to the risk that the counterparty in a transaction will be unable to honor its financial obligation to the Fund.
The Fund is subject to credit risk (the risk that the issuing company may not be able to pay interest and principal when due), interest rate risk (the risk that your investment may go down in value when interest rates rise), and risk of loss (the risk that you could lose money on your investment).
The Fund may invest in foreign securities, which can be riskier than investments in U.S. securities (risks may include currency risk, illiquidity risks, and risks from substantially lower trading volume on foreign markets). These risks are magnified in emerging markets.
This Fund is subject to liquidity risk because its investments may trade less frequently or are not readily marketable; this may adversely affect the Fundâ€™s value or prevent the Fund from being able to meet cash obligations or take other investment opportunities.
The Fund invests in mortgage-backed, commercial mortgage-backed and asset-backed securities, which are subject to higher interest rate, extension and prepayment risk; the value of these investments may be reduced or become worthless if they are â€œsubordinatedâ€ and receive interest or income payments only after other interests in the same mortgage or asset pool are satisfied.
Active trading may increase the Fundâ€™s transaction costs, affect performance, and increase your taxable distributions.
Â©2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.The Morningstar Ratingâ„¢ for funds, or â€œstar ratingâ€, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed productâ€™s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% received 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.
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