ADHIX: Aegon Short Duration High Yield Fund

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ADHIX Aegon Short Duration High Yield Fund


Profile

ADHIX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $20.7 M
  • Holdings in Top 10 13.9%

52 WEEK LOW AND HIGH

$10.11
$9.96
$10.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.34%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.96%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Aegon Short Duration High Yield Fund
  • Fund Family Name
    Aegon Asset Management US
  • Inception Date
    Jun 14, 2019
  • Shares Outstanding
    2041988
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Benjamin Miller

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in high yield securities. High yield securities (commonly known as "junk" bonds) are fixed- or floating-rate securities rated below BBB by Standard & Poor's or Fitch or below Baa by Moody's or, if unrated, determined to be of comparable quality by the Adviser. The high-yield securities in which the fund invests are primarily corporate bonds.


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Categories

Performance

ADHIX - Performance

Return Ranking - Trailing

Period ADHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -0.8% 2.6% 63.66%
1 Yr N/A -1.7% 7.2% N/A
3 Yr N/A* -5.3% 1.7% N/A
5 Yr N/A* -4.5% 1.5% N/A
10 Yr N/A* -4.8% 2.5% N/A

* Annualized

Return Ranking - Calendar

Period ADHIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -0.2% 23.9% N/A
2018 N/A -17.1% -1.8% N/A
2017 N/A -5.7% 4.8% N/A
2016 N/A -5.3% 13.0% N/A
2015 N/A -20.6% 1.0% N/A

Total Return Ranking - Trailing

Period ADHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -0.8% 2.6% 63.66%
1 Yr N/A -1.7% 7.2% N/A
3 Yr N/A* -5.3% 4.4% N/A
5 Yr N/A* -4.5% 5.0% N/A
10 Yr N/A* -4.8% 7.5% N/A

* Annualized

Total Return Ranking - Calendar

Period ADHIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -0.2% 23.9% N/A
2018 N/A -17.1% 0.4% N/A
2017 N/A -5.1% 8.1% N/A
2016 N/A -5.3% 20.7% N/A
2015 N/A -20.6% 1.0% N/A

NAV & Total Return History


Holdings

ADHIX - Holdings

Concentration Analysis

ADHIX Category Low Category High ADHIX % Rank
Net Assets 20.7 M 1.02 M 26.8 B 99.14%
Number of Holdings 139 5 1551 84.95%
Net Assets in Top 10 2.8 M -449 M 2.1 B 98.06%
Weighting of Top 10 13.89% 4.3% 99.3% 25.55%

Top 10 Holdings

  1. HCA Healthcare Inc 6.25% 1.66%
  2. Reynolds Group Issuer LLC. 5.75% 1.63%
  3. Sprint Corporation 7.25% 1.48%
  4. American Airlines Group Inc 4.62% 1.47%
  5. CenturyLink, Inc. 6.45% 1.46%
  6. Level 3 Parent Llc 5.75% 1.37%
  7. United Rentals (North America), Inc. 4.62% 1.27%
  8. DISH DBS Corporation 6.75% 1.25%
  9. MGM Resorts International 6.62% 1.15%
  10. United Airlines Holdings Inc 4.25% 1.15%

Asset Allocation

Weighting Return Low Return High ADHIX % Rank
Bonds
94.26% 82.79% 143.50% 56.34%
Cash
3.71% -43.73% 21.02% 50.32%
Convertible Bonds
1.03% 0.00% 4.64% 20.22%
Preferred Stocks
0.99% 0.00% 5.37% 5.81%
Stocks
0.00% -12.70% 9.17% 96.56%
Other
0.00% -10.16% 6.34% 93.33%

Bond Sector Breakdown

Weighting Return Low Return High ADHIX % Rank
Corporate
95.89% 9.69% 100.00% 43.23%
Cash & Equivalents
3.71% -0.82% 49.29% 52.90%
Securitized
0.39% 0.00% 46.32% 25.81%
Derivative
0.00% -0.02% 15.37% 96.99%
Municipal
0.00% 0.00% 2.95% 92.90%
Government
0.00% 0.00% 35.67% 95.91%

Bond Geographic Breakdown

Weighting Return Low Return High ADHIX % Rank
US
82.19% 67.67% 118.63% 36.34%
Non US
12.07% 0.00% 29.53% 64.30%

Expenses

ADHIX - Expenses

Operational Fees

ADHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.34% 0.13% 20.17% 5.17%
Management Fee 0.55% 0.00% 1.60% 45.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

ADHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ADHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ADHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.88% 433.00% 0.44%

Distributions

ADHIX - Distributions

Dividend Yield Analysis

ADHIX Category Low Category High ADHIX % Rank
Dividend Yield 0.45% 0.00% 3.57% 80.00%

Dividend Distribution Analysis

ADHIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Monthly Monthly Monthly

Net Income Ratio Analysis

ADHIX Category Low Category High ADHIX % Rank
Net Income Ratio 3.96% -0.01% 9.34% 90.48%

Capital Gain Distribution Analysis

ADHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ADHIX - Fund Manager Analysis

Managers

Benjamin Miller


Start Date

Tenure

Tenure Rank

Jun 14, 2019

0.63

0.6%

Ben Miller, CFA, is co-head of high yield and a portfolio manager responsible for US and global high yield trading and portfolio management. Prior to his current role, Ben held various investment responsibilities ranging from private placement analyst to public fixed income research analyst. He has 26 years of industry experience and has been with the firm and its affiliates since 1993. Ben received his BA from the University of Northern Iowa and his MBA from the University of Iowa. He is a CFA® charterholder.

Kevin Bakker


Start Date

Tenure

Tenure Rank

Jun 14, 2019

0.63

0.6%

Kevin Bakker, is co-head of high yield and a portfolio manager responsible for US and global high yield trading and portfolio management. Prior to his current role, Kevin was a public fixed income research analyst covering high yield and investment grade corporate securities. Prior to joining the firm, Kevin was employed by Archer Daniels Midland in various roles within their commodities trading division. He has 16 years of industry experience and has been with the firm since 2003. Kevin received his BA from Loras College and his MBA from the University of Iowa. He is a CFA® charterholder.

James Schaeffer


Start Date

Tenure

Tenure Rank

Jun 14, 2019

0.63

0.6%

Jim Schaeffer, Deputy Chief Investment Officer & Co-Head of Public Fixed Income. Joined Aegon in 2004. Bachelor in finance, Miami (Ohio) University and MBA, Wharton School of Business at the University of Pennsylvania. Industry start date:1995. Jim is responsible for shaping the strategic long-term direction for the investment team. Additionally, Jim serves as a portfolio manager for the U.S. and global high yield, bank loans, distressed assets and core plus strategies.

Derek Thoms


Start Date

Tenure

Tenure Rank

Jun 14, 2019

0.63

0.6%

Derek Thoms is a portfolio manager responsible for US and global high yield trading and portfolio management. Prior to his current role, Derek held a number of management and leadership positions with ESP International and the University of Northern Iowa and traded commodities for Archer Daniels Midland Company. He has 11 years of industry experience and has been with the firm since 2013. Derek received his BA in economics from the University of Northern Iowa.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 35.46 6.44 1.08