AAM/HIMCO Short Duration Fund (ASDIX)
The investment seeks current income and long-term total return. The fund has an investment policy whereby at least 80% of the fund's net assets (plus any borrowings for investment purposes) will be invested, under normal circumstances, in fixed income instruments. It normally invests at least 65% of its total assets in "investment grade" securities. The fund may invest up to 35% of its total assets in non-investment grade securities (often called "junk bonds"), as well as bank loans and loan participation interests.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in AAM/HIMCO Short Duration Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $11,758 for a total return of roughly 17.58%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
AAM/HIMCO Short Duration Fund had a return of 1.27% year-to-date (YTD) and 1.08% in the last 12 months. Over the past 10 years, AAM/HIMCO Short Duration Fund had an annualized return of 1.88%, while the S&P 500 had an annualized return of 8.33%, indicating that AAM/HIMCO Short Duration Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -0.01% | -3.48% |
| Year-To-Date | 1.27% | 2.54% |
| 6 months | 1.70% | 2.10% |
| 1 year | 1.08% | -11.75% |
| 5 years (annualized) | 1.74% | 8.30% |
| 10 years (annualized) | 1.88% | 8.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.18% | 0.10% | ||||||||||
| 2022 | -0.71% | -0.07% | 0.59% | 0.40% |
Dividend History
AAM/HIMCO Short Duration Fund granted a 2.65% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.20 | $0.10 | $0.17 | $0.28 | $0.25 | $0.21 | $0.24 | $0.23 | $0.10 |
Dividend yield | 2.65% | 2.03% | 1.01% | 1.77% | 2.95% | 2.71% | 2.29% | 2.73% | 2.74% | 1.14% |
Monthly Dividends
The table displays the monthly dividend distributions for AAM/HIMCO Short Duration 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 | $0.03 | $0.03 | ||||||||||
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2019 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.00 | $0.05 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2017 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.03 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 |
| 2016 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2015 | $0.04 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 |
| 2014 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the AAM/HIMCO Short Duration Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the AAM/HIMCO Short Duration Fund is 7.62%, recorded on Mar 24, 2020. It took 83 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.62% | Mar 5, 2020 | 14 | Mar 24, 2020 | 83 | Jul 22, 2020 | 97 |
| -2.73% | Sep 15, 2021 | 278 | Oct 20, 2022 | — | — | — |
| -0.63% | Dec 1, 2014 | 12 | Dec 16, 2014 | 28 | Jan 28, 2015 | 40 |
| -0.47% | Oct 3, 2018 | 56 | Dec 21, 2018 | 10 | Jan 8, 2019 | 66 |
| -0.41% | Oct 25, 2016 | 15 | Nov 14, 2016 | 28 | Dec 23, 2016 | 43 |
| -0.31% | Aug 28, 2014 | 22 | Sep 29, 2014 | 20 | Oct 27, 2014 | 42 |
| -0.3% | Mar 7, 2017 | 3 | Mar 9, 2017 | 8 | Mar 21, 2017 | 11 |
| -0.26% | Oct 29, 2015 | 42 | Dec 29, 2015 | 9 | Jan 12, 2016 | 51 |
| -0.24% | Jan 17, 2018 | 21 | Feb 14, 2018 | 41 | Apr 16, 2018 | 62 |
| -0.22% | Oct 26, 2020 | 4 | Oct 29, 2020 | 7 | Nov 9, 2020 | 11 |
Volatility Chart
Current AAM/HIMCO Short Duration Fund volatility is 2.57%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.