ASDIX: AAM/HIMCO Short Duration Fund - MutualFunds.com
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AAM/HIMCO Short Duration I

ASDIX - Snapshot

Vitals

  • YTD Return 0.1%
  • 3 Yr Annualized Return 2.8%
  • 5 Yr Annualized Return 2.8%
  • Net Assets $401 M
  • Holdings in Top 10 22.1%

52 WEEK LOW AND HIGH

$10.12
$9.34
$10.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.63%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 56.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $25,000
  • IRA $25,000

Fund Classification

Compare ASDIX to Popular U.S. Ultrashort Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Lord Abbett Ultra Short Bond Fund

Fund

$10.04

0.00%

$21.45 B

1.15%

$0.12

0.00%

-

Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio

Fund

$9.98

0.00%

$18.15 B

-

$0.05

0.00%

-

iShares Short Treasury Bond ETF

SHV | ETF

$110.51

0.00%

$17.83 B

-

$0.66

-0.02%

-

Putnam Ultra Short Duration Income Fund

Fund

$10.10

0.00%

$17.37 B

1.07%

$0.11

0.00%

-

JPMorgan Managed Income Fund

Fund

$10.04

0.00%

$16.13 B

1.28%

$0.13

0.00%

-

ASDIX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.36%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AAM/HIMCO Short Duration Fund
  • Fund Family Name
    AAM
  • Inception Date
    Jun 30, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Shannon Carbray

Fund Description

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.

ASDIX - Performance

Return Ranking - Trailing

Period ASDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -0.3% 2.2% 34.40%
1 Yr 2.1% -6.8% 3.6% 21.03%
3 Yr 2.8%* -0.8% 3.4% 5.73%
5 Yr 2.8%* 0.4% 3.9% 3.05%
10 Yr N/A* 0.0% 2.2% 24.14%

* Annualized

Return Ranking - Calendar

Period ASDIX Return Category Return Low Category Return High Rank in Category (%)
2020 0.4% -7.4% 1.8% 38.10%
2019 2.2% -0.3% 2.5% 1.54%
2018 -1.4% -2.5% 0.4% 95.83%
2017 0.6% -1.8% 100.0% 10.53%
2016 0.7% -1.0% 1.3% 16.67%

Total Return Ranking - Trailing

Period ASDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -0.3% 2.2% 34.40%
1 Yr 2.1% -6.8% 3.6% 19.16%
3 Yr 2.8%* -0.8% 3.4% 5.73%
5 Yr 2.8%* 0.4% 3.9% 3.05%
10 Yr N/A* 0.0% 2.2% 17.24%

* Annualized

Total Return Ranking - Calendar

Period ASDIX Return Category Return Low Category Return High Rank in Category (%)
2020 0.4% -7.4% 1.8% 38.10%
2019 2.5% -0.3% 2.5% 1.03%
2018 0.8% -51.1% 2.0% 6.55%
2017 2.7% -1.8% 2.7% 0.66%
2016 2.9% -1.0% 2.9% 1.59%

NAV & Total Return History

ASDIX - Holdings

Concentration Analysis

ASDIX Category Low Category High ASDIX % Rank
Net Assets 401 M 24.8 K 21.4 B 68.35%
Number of Holdings 334 1 1941 42.86%
Net Assets in Top 10 67.1 M -617 M 11.4 B 66.36%
Weighting of Top 10 22.13% 0.0% 100.0% 49.77%

Top 10 Holdings

  1. Federated Hermes Treasury Obl IS 10.76%
  2. United States Treasury Notes 1.38% 4.96%
  3. Bank of America Corporation 0.95% 0.99%
  4. The Toronto-Dominion Bank 0.57% 0.86%
  5. Morgan Stanley 2.63% 0.85%
  6. ANGEL OAK MORTGAGE TRUST I LLC 2.92% 0.83%
  7. BAE Systems plc 4.75% 0.76%
  8. Goldman Sachs Group, Inc. 1.56% 0.74%
  9. Capital One Financial Corporation 2.6% 0.69%
  10. Sunoco Logistics Partners Operations L.P. 3.45% 0.68%

Asset Allocation

Weighting Return Low Return High ASDIX % Rank
Bonds 		85.27% 0.00% 100.00% 39.63%
Cash 		11.79% 0.00% 100.00% 63.59%
Convertible Bonds 		2.98% 0.00% 13.88% 31.34%
Stocks 		0.00% -0.08% 21.19% 96.77%
Preferred Stocks 		0.00% 0.00% 0.00% 97.70%
Other 		-0.04% -11.64% 16.96% 97.24%

Bond Sector Breakdown

Weighting Return Low Return High ASDIX % Rank
Corporate 		53.09% 0.00% 99.95% 21.20%
Securitized 		29.70% 0.00% 97.17% 42.40%
Cash & Equivalents 		11.79% 0.00% 100.00% 69.12%
Government 		4.96% 0.00% 100.00% 37.79%
Municipal 		0.46% 0.00% 76.48% 36.41%
Derivative 		0.00% 0.00% 18.66% 97.70%

Bond Geographic Breakdown

Weighting Return Low Return High ASDIX % Rank
US 		66.15% 0.00% 100.00% 43.78%
Non US 		19.12% 0.00% 59.19% 25.35%

ASDIX - Expenses

Operational Fees

ASDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.08% 2.77% 33.81%
Management Fee 0.38% 0.00% 1.19% 89.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.40% 55.17%

Sales Fees

ASDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 3.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

ASDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 1.00% 100.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ASDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 0.00% 303.00% 42.36%

ASDIX - Distributions

Dividend Yield Analysis

ASDIX Category Low Category High ASDIX % Rank
Dividend Yield 0.00% 0.00% 1.56% 97.71%

Dividend Distribution Analysis

ASDIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ASDIX Category Low Category High ASDIX % Rank
Net Income Ratio 2.36% -0.20% 3.04% 24.41%

Capital Gain Distribution Analysis

ASDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

Dividend Payout History

View More +

ASDIX - Fund Manager Analysis

Managers

Shannon Carbray

Start Date

Tenure

Tenure Rank

Jun 30, 2014

6.51

6.5%

Shannon is a Vice President and Portfolio Manager on the Multi-Sector Portfolio Management Team and joined HIMCO in 2006. She manages short to intermediate duration multi-sector portfolios as well as liquidity pools, enhanced cash portfolios, LIBOR and limited duration portfolios. Prior to this, Shannon was an analyst in the Capital Markets group where she supported both HIMCO-issued CDOs and The Hartford’s CDO investments. Shannon received her BS in Accounting from Bryant University and is also a CFA charterholder.

Robert Crusha

Start Date

Tenure

Tenure Rank

Jun 30, 2014

6.51

6.5%

Robert Crusha, CFA – Robert is a Senior Vice President and a Senior Portfolio Manager on HIMCO’s Multi-Sector Portfolio Management Team where he is responsible for the management of short to intermediate duration multi-sector portfolios. He also has responsibility for the management of liquidity pools, enhanced cash portfolios, LIBOR and limited duration portfolios. Robert earned his BS in Applied Economics with Geography from the University of Plymouth, England and his MBA from the University of Hartford. He is also a CFA charter holder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 31.02 5.61 4.89

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