Investment objective & strategy
As of Oct. 24, 2025 · prospectusObjective. The investment objectives of the AAM/HIMCO Short Duration Fund (the Fund) are to seek to provide current income and long -term total return.
Strategy. The Fund seeks to achieve its investment objectives by investing in securities that the Funds sub -advisor , Hartford Investment Management Company (HIMCO or the Sub -Advisor ), considers to be attractive, based on current and historical yield and total return. The Fund has an investment policy whereby at least 80% of the Funds net assets (plus any borrowings for investment purposes) will be invested, under normal circumstances, in fixed income instruments. This policy may be changed by the Board of Trustees without shareholder approval. The Fund 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), … The Fund seeks to achieve its investment objectives by investing in securities that the Funds sub -advisor , Hartford Investment Management Company (HIMCO or the Sub -Advisor ), considers to be attractive, based on current and historical yield and total return. The Fund has an investment policy whereby at least 80% of the Funds net assets (plus any borrowings for investment purposes) will be invested, under normal circumstances, in fixed income instruments. This policy may be changed by the Board of Trustees without shareholder approval. The Fund 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. Investment grade quality securities and instruments refer to securities or other instruments that are rated at the time of purchase within the four highest categories assigned by Moodys Investor Services, Inc. (Moodys) (Aaa, Aa, A or Baa), Standard & Poors (S&P) (AAA, AA, A or BBB) or Fitch, Inc. (Fitch) (AAA, AA, A or BBB) or are unrated securities or other instruments that are judged by the Sub -Advisor to be of comparable credit quality to securities rated within these four highest categories. In the case of split -rated securities or loans (i.e., securities or loans assigned non -equivalent credit quality ratings, such as Baa by Moodys but BB by S&P or Aa by Moodys and AA by S&P but B by Fitch), the Sub -Advisor will determine whether a particular security or loan is considered investment grade or below -investment grade for the Fund as follows: (a) if all three credit rating agencies have rated a security or loan, the median credit rating will be used for this determination; (b) if only two credit rating agencies have rated a security, the lower (e.g., most conservative) credit rating will be used; and (c) if only one credit rating agency has rated a security that agencys rating is used. The Fund will normally maintain a dollar weighted average duration and an average maturity (as measured by a weighted average life calculation) of less than 3 years. The weighted average life of the Fund is the average time to receipt of principal of each security weighted by such securitys respective contribution to the total market value of the Fund, including principal and accrued interest. The Funds permitted investments include, but are not limited to, corporate securities, commercial mortgage -backed securities, asset -backed securities, mortgage related securities, collateralized loan obligations (CLOs), sovereign debt securities, emerging market securities, municipal securities, and securities issued or guaranteed as to principal or interest by the U.S. government, its agencies or instrumentalities. The Fund may also invest up to 25% of its total assets in the securities of foreign issuers and may trade securities actively. The Funds investments will be U.S. dollar denominated. The Fund may make significant investments in certain sectors or group of sectors from time to time. The Fund may utilize derivatives, such as swaps, futures and options for hedging purposes. In selecting securities for the Funds portfolio, the Sub -Advisor uses a top -down , bottom -up approach, combining macro analysis of market and economic trends and individual security analysis.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MONEYMKT | FGTXX | $28.99M | 6.96% |
| US TREASURY N/B | — | $10.14M | 2.43% |
| US TREASURY N/B | — | $10.11M | 2.43% |
| US TREASURY N/B | — | $10.05M | 2.41% |
| US TREASURY N/B | — | $10.04M | 2.41% |
| US TREASURY N/B | — | $10.04M | 2.41% |
| US TREASURY N/B | — | $10.04M | 2.41% |
| US TREASURY N/B | — | $10.04M | 2.41% |
| US TREASURY N/B | — | $10.03M | 2.41% |
| US TREASURY N/B | — | $10.00M | 2.40% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| iShares iBonds Dec 2029 Term Treasury ETF · IBTJ | 15% | 0.07% |
| BondBloxx Bloomberg Three Year Target Duration US Treasury ETF · XTRE | 12% | 0.05% |
| Old Westbury Short-Term Bond Fund · OWSBX | 10% | 0.37% |
Advisers
| Firm | Role |
|---|---|
| ADVISORS ASSET MANAGEMENT, INC. | Adviser |
| HARTFORD INVESTMENT MANAGEMENT COMPANY | Sub-adviser |
Footnotes
- Expense ratio as of October 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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