AAM/INSIGHT SELECT INCOME FUND

CPUAX • CPUCX • CPUIX

Insight-Mutual-fund-1000px

AAM/Insight Select Income Fund

Objective

The Fund’s investment objective is to seek current income.

Morningstar Ratings as of December 31, 2023
Class I Shares, CORPORATE BOND UNIVERSE, BASED ON RISK-ADJUSTED RETURNS

OVERALL

187 Funds
3-YEAR

187 Funds
5-YEAR

171 Funds
10-YEAR

100 Funds

Morningstar Rating is for the Class I share class only; other classes may have different performance characteristics. Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results.

THE AAM/INSIGHT SELECT INCOME FUND’S POTENTIAL BENEFITS INCLUDE:

  1. A high rate of current income
  2. Long-term outperformance
  3. Portfolio diversification

Why the AAM/Insight Select Income Fund?

  1. Insight’s fixed income team is deeply resourced and highly experienced with research specialists in all major sub-sectors of the fixed income markets.
  2. Flexible, active management is a critical component of fixed income investing and the fund’s process aims to take advantage of opportunities today, while positioning for tomorrow.
  3. Seeks to identify market inefficiencies while actively focusing on risk and return.

Investment Approach

The Fund employs an opportunistic, income-oriented approach in seeking to identify opportunities with the overall goal of maintaining and increasing income for investors.

  1. Insight’s active total return approach seeks to capture yield opportunities from a diverse range of fixed income sectors.
  2. Top-down sector rotation and bottom-up security selection are expected to be the primary drivers of performance.
  3. Strong risk controls are integral to the management of the strategy.

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

View the AAM/Insight Select Income Fund prospectus.  The AAM Funds are distributed by IMST Distributors, LLC.

Mutual fund investing involves risk, including the potential loss of principal. The principal risks of investing in the Fund include, but are not limited to, fixed income risk, credit risk, liquidity risk, high yield (“junk”) bond risk, convertible securities risk, warrants risk, foreign investment risk, emerging market risk, currency risk, foreign sovereign risk, real estate investment trust risk, master limited partnership units risk, security lending risk, and management risk. More information about these risks may be found in the Fund’s prospectus.

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Diversification cannot assure against market loss.

Fixed income securities decrease in value if interest rates rise. The Fund may not be able to sell some or all of the investments that it holds or may only be able to sell those investments at less than desired prices. High yield bonds (“junk bonds”) involve greater risks of default, downgrade, or price declines. Convertible securities and warrants are subject to potentially greater volatility than the general market. Foreign securities may be more volatile than the securities of U.S. issuers because of economic and other conditions. These risks are heightened in emerging markets. Investments denominated in foreign currencies are subject to changes in value relative to the U.S. dollar. Real Estate Investment Trusts (REITs) are subject to risks similar to those associated with direct ownership of real estate, including losses from casualty or condemnation, and changes in local and general economic conditions, supply and demand, interest rates, zoning laws, regulatory limitations on rents, property taxes and operating expenses. Master Limited Partnership Units (MLPs) risk includes the risks associated with a similar investment in equity securities. Additional risks include cash flow risk, tax risk, risk associated with a potential conflict of interest between unit holders and the MLP’s general partner, and capital markets risk. Securities lending involves certain potential risks, primarily counterparty, market, liquidity and reinvestment risks. Additionally, the Fund may employ hedging techniques that involve a variety of derivative transactions, including futures contracts, swaps, exchange-listed and over-the-counter put and call options on securities or on financial indices, and various interest rate and foreign-exchange transactions (collectively, “Hedging Instruments”). Hedging Instrument Risks involves certain potential risks, primarily counterparty, market, liquidity and reinvestment risks. Investing in an ETF will provide the Fund with exposure to the securities comprising the index on which the ETF is based and will expose the Fund to risks similar to those of investing directly in those securities.

©2023 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% received 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.

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A Fixed Income Revival

Fund Facts
Tickers / CUSIPs
Class A:   CPUAX / 461 41P 883
Class C:   CPUCX / 461 41P 875
Class I:   CPUIX / 461 41P 867
Inception Date
  April 19, 2013
Minimum Investment
Class A/C Shares: $2,500 initial
  $500 subsequent
Class I Shares:  $25,000 initial
  $5,000 subsequent
Expense Ratio 1
Class A:   0.79% net
  1.00% gross
Class C:   1.56% net
  1.77% gross
Class I:   0.56% net
  0.77% gross

1The Fund's advisor has contractually agreed to waive certain fees/expenses until October 31, 2033 and may recoup previously waived expenses that it assumed during the previous three-year period.