- ISIN
- US0454198351
- CUSIP
- 045419835
- Issuer
- AAMA
- Inception Date
- Jun 30, 2017
- Category
- Intermediate Core-Plus Bond
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
AMFIX Performance Chart
AAMA Income Fund (AMFIX) is up 0.2% since the beginning of the year. AMFIX is currently trading at $24 per share. Investors who bought $1,000 worth of AMFIX shares 5 years ago would now be looking at an investment worth $1,039.
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Returns By Period
AAMA Income Fund (AMFIX) has returned 0.18% so far this year and 2.10% over the past 12 months.
AAMA Income Fund
- 1D
- -0.12%
- 1M
- 0.08%
- YTD
- 0.18%
- 6M
- 0.32%
- 1Y
- 2.10%
- 3Y*
- 3.27%
- 5Y*
- 0.76%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
AMFIX Monthly Returns History
Based on dividend-adjusted daily data since Aug 30, 2017, AMFIX's average daily return is 0.00%, while the average monthly return is +0.08%. At this rate, an investment would double in approximately 72.2 years.
Historically, 55% of months were positive and 45% were negative. The best month was Mar 2023 with a return of +1.5%, while the worst month was Mar 2022 at -1.8%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 10 months.
On a daily basis, AMFIX closed higher 39% of trading days. The best single day was Mar 13, 2023 with a return of +0.7%, while the worst single day was Jun 13, 2022 at -0.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.14% | 0.56% | -0.45% | 0.10% | 0.04% | -0.21% | 0.18% | ||||||
| 2025 | 0.17% | 0.47% | 0.32% | 0.48% | 0.09% | 0.36% | 0.03% | 0.69% | 0.23% | 0.28% | 0.35% | 0.22% | 3.74% |
| 2024 | 0.22% | -0.30% | 0.36% | -0.30% | 0.69% | 0.54% | 0.74% | 0.60% | 0.50% | -0.10% | 0.33% | 0.15% | 3.48% |
| 2023 | 1.07% | -0.96% | 1.46% | 0.29% | -0.30% | -0.24% | 0.15% | 0.19% | -0.40% | -0.01% | 1.36% | 1.22% | 3.84% |
| 2022 | -0.93% | -0.64% | -1.82% | -1.19% | 0.44% | -0.69% | 0.87% | -1.44% | -1.76% | -0.34% | 1.16% | -0.04% | -6.26% |
| 2021 | -0.04% | -0.17% | -0.16% | 0.01% | 0.00% | -0.16% | 0.30% | -0.12% | -0.40% | -0.36% | 0.00% | -0.26% | -1.37% |
Benchmark Metrics
AAMA Income Fund has an annualized alpha of 1.01%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 30, 2017.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (3.51%) than losses (2.58%) - typical of diversified or defensive assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.01%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 3.51%
- Downside Capture
- 2.58%
Expense Ratio
AMFIX has an expense ratio of 0.92%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AMFIX ranks 57 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AAMA Income Fund (AMFIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMFIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.32 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 2.46 | +0.52 |
| Martin ratioReturn relative to average drawdown | 9.10 | 10.92 | -1.82 |
Dividends
Dividend History
AAMA Income Fund provided a 2.22% dividend yield over the last twelve months, with an annual payout of $0.53 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.51 | $0.58 | $0.40 | $0.19 | $0.14 | $0.21 | $0.31 | $0.31 | $0.10 |
Dividend yield | 2.22% | 2.08% | 2.44% | 1.70% | 0.83% | 0.57% | 0.83% | 1.24% | 1.24% | 0.40% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.00 | $0.21 | ||||||
| 2025 | $0.00 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.51 |
| 2024 | $0.03 | $0.04 | $0.04 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.58 |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.40 |
| 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 | $0.19 |
| 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 | $0.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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. Recovery took 612 trading sessions.
The current AAMA Income Fund drawdown is 0.52%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -9.35%Oct 2022 | 2y 5mo | 2y 5mo | 4y 10moMay 2020 - Apr 2025 |
2018 pullback2018 | -1.14%May 2018 | 7mo 28d | 7mo 6d | 1y 2moSep 2017 - Dec 2018 |
2026 pullback2026 | -0.74%Mar 2026 | 24d | — | 3mo 24dMar 2026 - now |
2019 pullback2019 | -0.48%Sep 2019 | 8d | 19d | 27dSep 2019 - Oct 2019 |
2019 pullback2019 | -0.37%Nov 2019 | 1mo 1d | 2mo 15d | 3mo 16dOct 2019 - Jan 2020 |
Drawdown Indicators
| AMFIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.35% | -56.78% | +47.43% |
Max Drawdown (1Y)Largest decline over 1 year | -0.74% | -9.10% | +8.36% |
Max Drawdown (3Y)Largest decline over 3 years | -0.88% | -18.90% | +18.02% |
Max Drawdown (5Y)Largest decline over 5 years | -8.91% | -25.43% | +16.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.52% | -3.21% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -10.71% | +8.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 2.04% | -1.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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