AAM/Himco Short Duration Fund announces June 30 launch

By Toni Weeks

San Luis Obispo, Calif., June 26 – Investment Managers Series Trust announced the upcoming launch of its new fixed-income fund, the AAM/Himco Short Duration Fund.

The fund will launch on June 30 with class A, class C and class I shares. The ticker symbols are ASDAX, ASDCX and ASDIX, respectively.

According to an N-1A filing with the Securities and Exchange Commission, the fund will seek to provide current income and long-term total return by investing at least 65% of its total assets in investment-grade securities, with up to 35% of its total assets invested in non-investment-grade securities, bank loans and loan participation interests.

The fund, which will invest solely in dollar-denominated securities, will normally maintain a dollar-weighted average duration and average maturity of less than three years.

Permitted investments include corporate securities, commercial mortgage-backed securities, asset-backed securities, mortgage-related securities, sovereign debt securities, emerging market securities and securities issued or guaranteed as to principal or interest by the U.S. government, its agencies or instrumentalities.

Robert Crusha and Shannon Carbray are the portfolio managers.

Shareholder fees consist of a 2.5% sales load on class A shares, a 1% deferred sales load on class A and class C shares and a 1% redemption fee on shares from any share class that are redeemed within 30 days of purchase.

Including management fees of 0.38% and including the effects of a fee waiver agreement, total annual fund operating expenses are expected to be 0.84% for class A, 1.59% for class C and 0.59% for class I shares.

Monument, Colo.-based Advisors Asset Management, Inc. is the investment adviser.

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