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.
Fund Info
| ISIN | US46141P2222 |
|---|---|
| CUSIP | 46141P222 |
| Issuer | AAM |
| Inception Date | Jun 30, 2014 |
| Category | Ultrashort Bond |
| Min. Investment | $25,000 |
| Asset Class | Bond |
Expense Ratio
The AAM/HIMCO Short Duration Fund has a high expense ratio of 0.56%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AAM/HIMCO Short Duration Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AAM/HIMCO Short Duration Fund had a return of 1.37% year-to-date (YTD) and 5.66% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.37% | 6.30% |
| 1 month | -0.03% | -3.13% |
| 6 months | 3.32% | 19.37% |
| 1 year | 5.66% | 22.56% |
| 5 years (annualized) | 2.26% | 11.65% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.64% | 0.25% | 0.58% | |||||||||
| 2023 | 0.27% | 0.18% | 0.88% | 0.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
AAM/HIMCO Short Duration Fund(ASDIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AAM/HIMCO Short Duration Fund (ASDIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AAM/HIMCO Short Duration Fund granted a 4.36% dividend yield in the last twelve months. The annual payout for that period amounted to $0.43 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.41 | $0.20 | $0.10 | $0.17 | $0.28 | $0.25 | $0.21 | $0.24 | $0.23 | $0.10 |
Dividend yield | 4.36% | 4.18% | 2.01% | 0.99% | 1.70% | 2.80% | 2.50% | 2.06% | 2.40% | 2.36% | 0.96% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.03 | $0.04 | |||||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.00 | $0.07 | $0.04 | $0.04 | $0.04 | $0.04 | $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
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 AAM/HIMCO Short Duration 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 AAM/HIMCO Short Duration Fund was 7.62%, occurring on Mar 24, 2020. Recovery took 83 trading sessions.
The current AAM/HIMCO Short Duration Fund drawdown is 0.10%.
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 | 118 | Apr 12, 2023 | 396 |
| -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 |
Volatility
Volatility Chart
The current AAM/HIMCO Short Duration Fund volatility is 0.38%, 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.