Aside from the overall view, portfolio managers at AAM have made a notable effort to align their interests with shareholders' by taking a personal stake and investing alongside them. Nearly 45% of the firm’s assets are represented by a manager who invests in their respective product. AAM fails to showcase longevity across its product shelf, as evidenced by its five-year success ratio. Over this time period, only 21% of its roster has been able to both survive and beat its respective category median. A low success ratio indicates poor performance and raises questions about a firm’s discipline around investment strategy and product development. The firm charges fees on its open-end and exchange-traded funds that are on par with category peers. On average, fees on its funds are within the middle quintile, giving it neither an advantage nor disadvantage compared with the competition.
AAM
AAM lags peer asset managers in a number of stewardship qualities, resulting in a Below Average Parent Pillar rating.
AAM Investments
Market
US Open-end ex MM ex FoF ex FeederTotal Net Assets
2.25 BilInvestment Flows (TTM)
−419.81 MilAsset Growth Rate (TTM)
−15.82%# of Share Classes
12| Morningstar Rating | # of Share Classes | |
|---|---|---|
| 0 | ||
| 1 | ||
| 6 | ||
| 3 | ||
| 2 | ||
| Not Rated | 0 |
Name
|
Morningstar Rating Overall
|
5-Year Category Rank
|
|---|---|---|
| AAM/Insight Select Income I | 33 | |
| AAM/HIMCO Short Duration A | 42 | |
| AAM/Insight Select Income A | 56 | |
| AAM/Phocas Real Estate A | 56 | |
| AAM/Insight Select Income Y | 21 |
Market
US ETFsTotal Net Assets
659.09 MilInvestment Flows (TTM)
251.77 MilAsset Growth Rate (TTM)
61.38%# of Share Classes
6| Morningstar Rating | # of Share Classes | |
|---|---|---|
| 0 | ||
| 1 | ||
| 1 | ||
| 1 | ||
| 1 | ||
| Not Rated | 2 |
Name
|
Morningstar Rating Overall
|
5-Year Category Rank
|
|---|---|---|
| AAM Low Duration Pref & Inc Secs ETF | — | |
| AAM S&P Emerging Markets Hi Div Val ETF | 58 | |
| AAM S&P Dev Mkts Hi Div Val ETF | 100 | |
| AAM S&P 500 High Dividend Value ETF | 93 | |
| AAM Transformers ETF | — | — |
Morningstar Mentions
Which Type of Dividend Fund Do You Prefer?
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Quick Definitions: Key Morningstar Terms
Morningstar Medalist Rating for Funds
The Morningstar Medalist Rating for funds is a five-tier system used to analyze how fees will impact different securities in the long term.
Morningstar Rating™ for Funds
The Morningstar Rating for Funds, often referred to as the Star Rating, measures a fund’s past performance compared to similar funds on a risk-adjusted basis.
Percentile Rank
Percentile rank is how an investment’s return, risk, or other metric compares with other investments in its Morningstar Category.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.