AAMA Income Fund (AMFIX)
The fund will principally invest in income-producing securities which include U.S. Treasury obligations and other U.S. government and agency securities including mortgage-backed securities, corporate bonds, high yield bonds ("junk bonds"), municipal bonds, preferred stocks, inflation indexed bonds, money market instruments including commercial paper, bankers acceptances and marketable CDs, floating and variable rate securities, zero coupon bonds, and ETFs or mutual funds that invest in the types of securities in which the fund would normally invest.
Fund Info
| ISIN | US0454198351 |
|---|---|
| CUSIP | 045419835 |
| Issuer | AAMA |
| Inception Date | Jun 30, 2017 |
| Category | Intermediate Core-Plus Bond |
| Minimum Investment | $10,000 |
| Asset Class | Bond |
Expense Ratio
The AAMA Income Fund has a high expense ratio of 0.92%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in AAMA Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
AAMA Income Fund had a return of 2.90% year-to-date (YTD) and 2.55% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.90% | 19.67% |
| 1 month | 1.35% | 8.42% |
| 6 months | 1.46% | 7.29% |
| 1 year | 2.55% | 12.71% |
| 5 years (annualized) | 0.06% | 10.75% |
| 10 years (annualized) | N/A | 9.87% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -0.30% | -0.24% | 0.15% | 0.19% | -0.40% | -0.01% | 1.36% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for AAMA Income Fund (AMFIX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AMFIX AAMA Income Fund | 0.99 | ||||
^GSPC S&P 500 | 0.91 |
Dividend History
AAMA Income Fund granted a 1.61% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.19 | $0.14 | $0.21 | $0.31 | $0.31 | $0.11 |
Dividend yield | 1.61% | 0.83% | 0.57% | 0.83% | 1.24% | 1.24% | 0.45% |
Monthly Dividends
The table displays the monthly dividend distributions for AAMA Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2021 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 |
| 2018 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the AAMA Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AAMA Income Fund was 9.35%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.35% | May 18, 2020 | 613 | Oct 20, 2022 | — | — | — |
| -1.22% | Sep 11, 2017 | 171 | May 15, 2018 | 150 | Dec 18, 2018 | 321 |
| -0.48% | Sep 5, 2019 | 7 | Sep 13, 2019 | 13 | Oct 2, 2019 | 20 |
| -0.37% | Oct 7, 2019 | 24 | Nov 7, 2019 | 49 | Jan 21, 2020 | 73 |
| -0.35% | Mar 17, 2020 | 2 | Mar 18, 2020 | 2 | Mar 20, 2020 | 4 |
Volatility Chart
The current AAMA Income Fund volatility is 0.77%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.