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Asset Management Fund - Ultra Short Mortgage Fund (ASARX)

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6.760.00 (0.00%)
At close: 09:01PM EDT

Asset Management Fund - Ultra Short Mortgage Fund

AMF (Asset Management Fund)

230 W Monroe Street

Chicago, IL 60606

800-247-9780
Management information
Sean Kelleher,Lead manager since 10 August 2009
Mr. Kelleher, President, Chief Investment Strategist (Fixed Income) and Senior Portfolio Manager of the Adviser, joined the Adviser’s fixed income management team in 2009. In 2008, prior to joining the Adviser’s fixed income management team, Mr. Kelleher worked with M2Capital LLC to develop a distressed bank acquisition and asset management strategy. From 1999 to 2007, Mr. Kelleher worked as a senior vice president and portfolio manager for AllianceBernstein LP. He managed the firm’s mortgage and asset-backed investments as well as its mortgage hedge fund business and structured their securities arbitrage conduit and term financing facilities. He was a member of the firm’s six person Fixed Income Investment Committee. Prior to this, Mr. Kelleher managed the Passthrough Trading Desk at Deutsche Bank and Nomura Securities International and co-managed the CMO Trading Desk at Merrill Lynch. He founded Merrill Lynch’s efforts in mortgage-based interest rate swaps and started his career in risk management. Mr. Kelleher is a Chartered Financial Analyst and earned his Bachelor of Science in Finance from the McIntire School of Commerce at the University of Virginia.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryUltrashort Bond
Fund familyAMF
Net assets18.39M
YTD return-0.99%
Yield1.06%
Morningstar rating★★
Inception date17 Sept 1991

Fund operations

Last dividend0.00
Last cap gain0.00
Holdings turnover74.00%
Average for categoryN/A

Fees and expenses

ExpenseASARXCategory average
Annual report expense ratio (net)1.89%0.44%
Prospectus net expense ratio1.89%N/A
Prospectus gross expense ratio1.89%N/A
Max 12b1 fee0.25%N/A
Max front end sales loadN/A2.59%
Max deferred sales loadN/A1.21%
3-yr expense projection594N/A
5-yr expense projection1,021N/A
10-yr expense projection2,212N/A