HGDAX — AAM HIMCO Global Enhanced Dividend Fund

HGDAX Fund Overview

HGDAX — AAM HIMCO Global Enhanced Dividend Fund is a US mutual fund managed by Investment Managers Series Trust, categorised as Emerging Markets Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Investment Managers Series Trust
• Category: Emerging Markets Real Estate
• Assets under management: $49.72M
• 1-year return: 27.8%
• Ticker: HGDAX
• SEC CIK: 0001318342
• SEC series ID: S000059864
• Share class ID: C000195856

HGDAX Investment Objective and Strategy

AAM HIMCO Global Enhanced Dividend Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Investment Managers Series Trust.

Investment objective

"The primary investment objective of the AAM/HIMCO Global Enhanced Dividend Fund (the ""Fund"") is to seek to provide a high level of current income."

Principal investment strategy

"The Fund seeks to achieve its investment objectives by taking long and short positions in domestic and foreign equity securities, which can include depository receipts. Depository receipts are negotiable financial instruments issued by a bank or trust company that evidence ownership of securities in a foreign company which have been deposited with such bank or trust company's office or agent in a foreign country. Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in dividend paying equity securities. The Fund will focus its investments on equity securities of companies with market capitalizations similar to those of companies in the Russell 3000 Index and the MSCI World Value Index. As of September 30, 2018, the market capitalization of companies within the Russell 3000 Index ranged from approximately $111 million to $1.09 trillion.

As of September 30, 2018 the market capitalization of companies within the MSCI World Value Index ranged from approximately $1.9 billion to $850 billion. The Fund may make significant investments in certain sectors or groups of sectors. The amount the Fund has invested in any given sector is guided by the sector allocation of the MSCI World Value Index, but the Fund is permitted to be underweight or overweight relative to the individual sector allocations of the Index. Under normal market conditions, the Fund's investments in foreign securities, including depository receipts, will range from 40% to 70% of the Fund's net assets, and up to 25% of the Fund's net assets may be invested in emerging market securities. Dividend yield is a primary consideration in selecting equity securities for the Fund.

The Fund will take long positions in equity securities that its sub-advisor, Hartford Investment Management Company (""HIMCO"" or the ""Sub-Advisor""), believes offer the potential for above average dividend yields and attractive returns. The Fund will sell short equity securities that HIMCO believes offer a below average dividend yield and less attractive returns. The Fund uses the proceeds from the short sales to purchase additional equity securities, thereby enhancing the Fund's potential for increased dividend yield relative to traditional long only equity strategies. The Fund will generally hold long positions equal to approximately 140% of the Fund's net assets and short positions equal to approximately 40% of the Fund's net assets. As market conditions change, however, the Fund's long positions may range from 100% to 150% of the Fund's net assets, and its short positions may range from 0% to 50% of the Fund's net assets.

The Fund may engage in frequent and active trading of equity securities to achieve its investment objectives. The Fund may invest in domestic master limited partnership (""MLPs"") units and real estate investment trusts (""REITs""). MLPs are publicly traded companies organized as limited partnerships or limited liability companies and treated as partnerships for federal income tax purposes. REITs are pooled investment vehicles that invest primarily in income producing real estate or real estate related loans or interests. The Fund may also transact in futures and forward contracts in order to gain exposure to the equity markets and manage currency risk through hedging. The Fund may also invest in the securities of other registered investment companies, including exchange-traded funds (""ETFs"").

ETFs are pooled investment vehicles that generally seek to track the performance of specific indices. ETF shares are listed on stock exchanges and can be traded throughout the day at market-determined prices."

HGDAX Performance

Total returns for HGDAX (as of 2026-10-01), from SEC filings.

HGDAX Risk Information

Risk metrics for HGDAX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 18.1%

HGDAX Costs and Fees

HGDAX costs about $201 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.01%
• Gross expense ratio: 2.18%
• Portfolio turnover: 43%
• Brokerage commissions: 6.33 bps of average net assets (SEC N-CEN)

HGDAX Cashflows

Over the 12 months to 2021-03, AAM HIMCO Global Enhanced Dividend Fund had net inflows of $2.23M, from monthly SEC N-PORT filings.

HGDAX Debt Constituents

No individual debt constituents are reported in AAM HIMCO Global Enhanced Dividend Fund's latest SEC N-PORT filing.

HGDAX Prospectus and SEC Filings

Official AAM HIMCO Global Enhanced Dividend Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-10-27
• Prospectus (485BPOS) — filed 2019-11-20
• Prospectus (485BPOS) — filed 2018-11-07
• Portfolio holdings (N-PORT) — filed 2021-05-26
• Portfolio holdings (N-PORT) — filed 2021-02-24
• Portfolio holdings (N-PORT) — filed 2020-11-20
• Annual census (N-CEN) — filed 2020-09-11
• Annual census (N-CEN) — filed 2019-09-13

Related Funds

Other Emerging Markets Real Estate funds tracked on ABC INVEST:

• Westwood Low Volatility Equity Fund (WLVIX)
• Pzena U.S. Large Cap Value ETF (PZLV)
• Noble Absolute Return ETF (NOPE)
• Jackson Square Global Growth Fund (JSPVX)
• Jackson Square Select 20 Growth Fund (DPCEX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.