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AAM/HIMCO Short Duration Fund (ASDIX)

Mutual Fund · Currency in USD · Last updated Mar 23, 2023

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.


20.00%40.00%60.00%80.00%100.00%120.00%NovemberDecember2023FebruaryMarch
17.58%
100.84%
ASDIX (AAM/HIMCO Short Duration Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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AAM/HIMCO Short Duration Fund

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.


PeriodReturnBenchmark
1 month-0.01%-3.48%
Year-To-Date1.27%2.54%
6 months1.70%2.10%
1 year1.08%-11.75%
5 years (annualized)1.74%8.30%
10 years (annualized)1.88%8.33%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20231.18%0.10%
2022-0.71%-0.07%0.59%0.40%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current AAM/HIMCO Short Duration Fund Sharpe ratio is 0.84. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


-2.50-2.00-1.50-1.00-0.500.000.501.00NovemberDecember2023FebruaryMarch
0.84
-0.50
ASDIX (AAM/HIMCO Short Duration Fund)
Benchmark (^GSPC)

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.


PeriodTTM202220212020201920182017201620152014
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2023FebruaryMarch
-0.37%
-17.92%
ASDIX (AAM/HIMCO Short Duration Fund)
Benchmark (^GSPC)

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, 202014Mar 24, 202083Jul 22, 202097
-2.73%Sep 15, 2021278Oct 20, 2022
-0.63%Dec 1, 201412Dec 16, 201428Jan 28, 201540
-0.47%Oct 3, 201856Dec 21, 201810Jan 8, 201966
-0.41%Oct 25, 201615Nov 14, 201628Dec 23, 201643
-0.31%Aug 28, 201422Sep 29, 201420Oct 27, 201442
-0.3%Mar 7, 20173Mar 9, 20178Mar 21, 201711
-0.26%Oct 29, 201542Dec 29, 20159Jan 12, 201651
-0.24%Jan 17, 201821Feb 14, 201841Apr 16, 201862
-0.22%Oct 26, 20204Oct 29, 20207Nov 9, 202011

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.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
2.57%
21.56%
ASDIX (AAM/HIMCO Short Duration Fund)
Benchmark (^GSPC)