AAM/HIMCO Short Duration Fund Overview

Class A: ASDAX  Class C: ASDCX  Class I: ASDIX 


The Fund's investment objective is current income and long-term total return.

Investment Strategy

The Fund seeks to achieve its investment objective by normally investing at least 65% of its total assets in "investment grade" securities. The Fund may also 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.

Investment Approach

HIMCO's investment philosophy employs a balanced top-down, bottom-up approach to determine underlying relative value and identify market trends and global themes.

During periods of economic expansion and rising interest rates, it may be beneficial to have greater exposure to credit risk versus interest rate risk. Consequently, during periods of economic contraction and falling interest rates, having less exposure to credit risk versus interest rate risk may be beneficial.

Investment Process

HIMCO focuses on sector rotation, security selection and duration management, driven by the firm’s top-down view of the economy.

HIMCO’s Investment Strategy Committee utilizes top-down macro strategy views from the Portfolio Strategy Group, developed using a consistent quantitative framework, in conjunction with qualitative inputs from HIMCO’s sector teams.

The Fund employs a disciplined process for selecting the Fund’s investments:

  1. Analysis from three key perspectives: fundamentals, technicals and market pricing
  2. Rigorous risk management at each stage
  3. Research analysts drive security selection through rigorous fundamental analysis and evaluation of opportunities with the potential to serve as catalysts for capital appreciation.
  4. Portfolio managers are responsible for every aspect of portfolio construction.

Mutual Funds are sold only by prospectus. You should carefully consider investment objectives, risks, and charges and expenses of the Fund before investing. This and other information can be found in the Fund’s prospectus or summary prospectus, which can be obtained from your investment representative or by calling 888.966.9661. Please read the prospectus carefully before you invest or send money.

There is a 1.00% redemption fee imposed on shares if redeemed within 30 days of purchase.

Investment Risks: All investments involve risk, including the possible loss of principal. A significant percentage of the Fund’s assets may be below investment-grade securities (“high-yield securities” or “junk bonds”), which are rated lower because there is a greater possibility that the issuer may be unable to make its interest and principal payments, and involve risks beyond those inherent in solely higher-rated investments.

This Fund invests in bank loans, which carry credit risks of nonpayment of principal or interest and risks of bankruptcy, insolvency, illiquidity, prepayment, interest rate, recovery and valuation.

The Fund may invest in derivatives, such as options, futures and swaps, which carry different (and possibly greater) risks than direct investments in issuers, and are very dependent upon the sub-adviser’s judgment. In addition, investments in derivative instruments are subject to the risk that the counterparty in a transaction will be unable to honor its financial obligation to the Fund.

The Fund is subject to credit risk (the risk that the issuing company may not be able to pay interest and principal when due), interest rate risk (the risk that your investment may go down in value when interest rates rise), and risk of loss (the risk that you could lose money on your investment).

The Fund may invest in foreign securities, which can be riskier than investments in U.S. securities (risks may include currency risk, illiquidity risks, and risks from substantially lower trading volume on foreign markets). These risks are magnified in emerging markets.

This Fund is subject to liquidity risk because its investments may trade less frequently or are not readily marketable; this may adversely affect the Fund’s value or prevent the Fund from being able to meet cash obligations or take other investment opportunities.

The Fund invests in mortgage-backed, commercial mortgage-backed and asset-backed securities, which are subject to higher interest rate, extension and prepayment risk; the value of these investments may be reduced or become worthless if they are “subordinated” and receive interest or income payments only after other interests in the same mortgage or asset pool are satisfied.

Active trading may increase the Fund’s transaction costs, affect performance, and increase your taxable distributions.

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Funds before investing. The Funds' prospectuses and summary prospectuses contain this and other information about the Fund, and should be read carefully before investing. Click on the fund name to obtain a current copy of its prospectus and summary prospectus or call 888.966.9661.

All products shown above may not be available within your firm. Please consult your AAM Representative for more information.

Mutual fund investing involves risk, including the potential loss of principal.

Distributed by IMST Distributors, LLC

*XBRL Files: eXtensible Business Reporting Language. The XBRL file above can only be read with special viewer software. Additional information on the XBRL language and a free version of the viewer software is available on the SEC's website at xbrl.sec.gov. Please note that the XBRL file does not include all of the information contained in the Prospectus.

Fund Facts
Tickers / CUSIPs
Class A:   ASDAX / 461 41P 248
Class C:   ASDCX / 461 41P 230
Class I:   ASDIX / 461 41P 222
Inception Date
  June 30, 2014
Minimum Investment
Class A/C: $2,500 initial
  $500 subsequent
Class I: $25,000 initial
  $5,000 subsequent
Expense Ratio 1
Class A:   0.84% net
  1.18% gross
Class C:   1.59% net
  1.93% gross
Class I:   0.59% net
  0.93% gross

1The Fund’s advisor has contractually agreed to waive certain fees/expenses (including advisory fees and fund operating expenses) until October 31, 2028. The Fund’s advisor is permitted to seek reimbursement from the Fund for a period ending three full fiscal years after the date of the waiver or payment. This reimbursement may be requested from the Fund if the aggregate amount of operating expenses for such fiscal year, as accrued each month, does not exceed the lesser of (a) the limitation on Fund expenses in effect at the time of the relevant reduction in advisory fees or payment of the Fund’s expenses; or (b) the limitation on Fund expenses at the time of the request. Net Expense Ratios reflect the reduction in total fund expenses given the fee/expense waiver described above. For more details, please refer to the prospectus.

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