ASDAX

About ASDAX

AAM/HIMCO Short Duration Fund Class A is an actively managed mutual fund focused on generating current income with an emphasis on capital preservation through a short-duration fixed income strategy. The fund primarily invests in investment‑grade securities while retaining flexibility to allocate a portion to below‑investment‑grade bonds and bank loans, seeking diversified sources of carry and spread income across sectors such as corporates and securitized credit, including asset‑backed and mortgage‑related instruments. Portfolio construction pairs top‑down macro views with bottom‑up security selection, using sector rotation and duration management to balance credit and interest rate risks over the cycle. The strategy typically maintains a shorter interest rate sensitivity than broad core bond benchmarks, positioning it to emphasize credit risk when conditions warrant and to reduce it during economic slowdowns. As an ultrashort/short duration offering, the fund aims to provide a steadier return profile and liquidity characteristics that can complement cash management needs while diversifying exposures beyond government debt through carefully selected spread sectors. The fund’s objective is current income and long‑term total return.