AAM/HIMCO SD Nugget (About HIMCO)

DJIA: The Dow Jones Industrial Average is a price-weighted average of 30 actively traded blue-chip stocks. DJIA covers all industries with the exception of transportation and utilities. S&P 500 Index: The S&P 500 Index is an unmanaged market capitalization-weighted index used to measure 500 companies chosen for market size, liquidity and industry grouping, among other factors. Dividend-Paying vs. Non-Dividend-Paying Stocks: Each stock’s dividend policy is determined by its indicated annual dividend. Ned Davis Research classifies a stock as a dividend- paying stock if the company indicates that it is going to be paying a dividend within the year. A stock is classified as a non-payer if the stock’s indicated annual dividend is zero. The index returns are calculated using monthly equal-weighted geometric averages of the total returns of all dividend-paying (or non-paying) stocks. A stock’s return is only included during the period it is a component of the S&P 500 Index. The dividend figure used to categorize the stock is the company’s indicated annual dividend, which may be different from the actual dividends paid in a particular month.Dividend-Growing, No-Change-In-Dividend, and Dividend-Cutting: Dividend Growers and Initiators include stocks that increased their dividend anytime in the last 12 months. Once an increase occurs, it remains classified as a Grower for 12 months or until another change in dividend policy. No-Change stocks are those that maintained their existing indicated annual dividend for the last 12 months (i.e., companies that have a static, non-zero dividend). Dividend Cutters and Eliminators are companies that have lowered or eliminated their dividend anytime in the last 12 months. Once a decrease occurs, it remains classified as a Cutter for 12 months or until another change in dividend policy. You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus and summary prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus and summary prospectus by calling 888.966.9661. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity within the meaning of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisers. Unless otherwise stated, all information and opinions were produced by sources we believe to be accurate and are subject to change. Additional information may be required to make an informed investment decision. AAM may make a market in or have other financial interests in any given security with which this analysis suggests may be benefited from its conclusions. AAM does not offer tax advice. Past performance does not guarantee future results. Any forward looking statements are not to be considered as forecasts but rather are presented for your consideration. Not FDIC Insured. Not Bank Guaranteed. May Lose Value. Distributed by IMST Distributors, LLC | (866) 966-9661 | www.aamlive.com Advisors Asset Management, Inc. (AAM) is an SEC-registered investment advisor and member FINRA/SIPC.

The performance data quoted represents past performance and is not a guarantee of future results. It is not possible to investin an index.

Dividend Payment Risk: An issuer of a security may be unwilling or unable to pay income on a security. Common stocks do not assure dividend payments and are paid only when declared by an issuer’s board of directors. The amount of any dividend may vary over time. An investment in the Fund is subject to risks and you could lose money on your investment in the Fund. The principal risks of investing in the Fund include, but are not limited to, investing in foreign securities, investing in small-and mid-cap companies, and focused risk. The prices of foreign securities may be more volatile than the securities of U.S. issuers because of economic conditions abroad, political developments, and changes in the regulatory environment of foreign countries. Investments in small and mid-cap companies involve greater risks including increased price volatility compared to the market or larger companies. Although the Fund is diversified, the Sub-advisor intends to focus its investments in the securities of a comparatively small number of issuers. Investment in securities of a limited number of issuers exposes the Fund to greater market risk and potential losses than if its assets were diversified among the securities of a greater number of issuers. More information about these risks may be found in the Fund’s prospectus.

1 Source: Ned Davis Research. The return of the price index is referred to as capital appreciation. Income return is assumed to be the Index’s total return minus its capital appreciation. Total Return = Capital appreciation plus reinvested dividends during the time period. Time period from stats above = 12/31/1929–3/31/2018 2 Source: Ned Davis Research. Based on equal-weighted geometric average of total returns (including dividends) of dividend-paying and non-dividend-paying historical S&P 500 Stocks. Uses Indicated Annual Dividends to identify dividend- paying stocks on a rolling 12-month basis.

[Source]

Definitions:

IMPORTANT INFORMATION:

Sources and Disclosures

the portfolio management team

About Hartford Investment Management Company (HIMCO)

Resources

Minimum Investment (Class I)

$25,000 initial / $5,000 subsequent

Minimum Investment (Class A/C)

$2,500 initial / $500 subsequent

Inception Date

June 30, 2014

Investment Style

Short Duration Fixed Income

Benchmark

Bloomberg Barclays 1-3 Year U.S. Government / Credit Index

Overview

A balanced top-down, bottom-up approach is utilized to determine underlying relative value and identify market trends and global themes. Active management and diversification seek to mitigate volatility and provide strong risk-adjusted returns.

Investment Objective

Current income and long-term total return

Ticker Symbols

Fund Facts

Class A: ASDAX / Class C: ASDCX / Class I: ASDIX

May work as a standalone investment or as a complement to other active and passive fixed income strategies

6/6

Integrated risk management throughout the process

5/5

3/5

Short duration and weghted average life constraints

2/5

Broad opportunity set across fixed income sectors

1/5

Highlights of the Fund's Investment Approach

Learn how the AAM/HIMCO Short Duration Fund has the potential to meet investor needs and help address concerns:

As the Federal Reserve Board raises interest rates and actively works to reduce its balance sheet, fixed income markets now face potential headwinds and we believe many investors may be unknowingly exposed to areas that can be considerably impacted by Fed policy normalization.

Yields are once again at historically low levels and periods of interest rate and spread volatility are likely to continue as many Central Banks around the world reduced rates and restarted quantitative easing programs. Equity markets have been volatile as well, reflecting the global pandemic and its uncertain human and economic consequences, as well as continued geopolitical issues. With so much uncertainty, we believe now is a good time to focus on short duration fixed income since this asset class typically offers higher yields relative to cash accounts and generally exhibits less interest rate volatility relative to the broader fixed income market. HIMCO’s design for its short duration fixed income fund may be an opportunity worth considering, particularly in today’s environment.

WHY SHORT DURATION FIXED INCOME?

select income fund

CRN: 2018-0702-6743 R

Enhanced Yield Potential

Aims to Reduce Volatility

Diversification

The current yield on many traditional sources of income are no longer enough to satisfy many investors’ cash flow needs. As of 6/2/2020, most bank savings accounts and short-term CDs yield less than 0.35% and the 10-year US Treasury bond yield is under 0.70% The AAM/HIMCO Short Duration Fund utilizes an expanded opportunity set seeking to provide enhanced yield beyond traditional short-term bonds.

Active management and diversification seek to mitigate volatility and provide strong risk-adjusted returns.

Integrated risk management throughout the portfolio construction process seeks to protect clients from excess volatility.

About the AAM/HIMCO Short Duration Fund

Highlights

4/5

Active management and diversification

Visit AAM

Established in 1981, HIMCO is the asset management arm of the Hartford Insurance Group, Inc. (The Hartford). In addition to the assets managed on behalf of The Hartford, HIMCO manages assets for other institutional investors, including assets managed on a sub-advisory basis, across the global fixed income, equity and alternative markets. HIMCO's broad capability set and experienced professionals allow it to develop strategies based on individual needs while also navigating various market environments.

1/5

Extensive, highly experienced, specialized resources across all aspects of fixed income investing; research, portfolio management and operations

2/5

Aims to add value through a credit-focused security selection process, and active management of duration, yield curve, and market allocations

in assets under management

$800

lEARN MORE ABOUT himco

* The Chartered Financial Analyst (CFA) designation is an international professional certification offered by the CFA Institute (formerly AIMR) to financial analysts who complete a series of three examinations. To become a CFA charterholder candidates must pass each of three six-hour exams, possess a bachelor’s degree from an accredited institution (or have equivalent education or work experience) and have 48 months of qualified, professional work experience. CFA charterholders are also obligated to adhere to a strict Code of Ethics and Standards governing their professional conduct.

3/5

Aims to add value through a credit-focused security selection process, and active management of duration, yield curve, and market allocations

Investment Professionals

200+

4/5

Aims to add value through a credit-focused security selection process, and active management of duration, yield curve, and market allocations

Nearly

5/5

May work as a standalone investment or as a complement to other active and passive fixed income strategies

employees

800+

Strong team of global specialists spanning all major sub-sectors of the fixed income markets (NY and London)

100+

Ticker symbols Class A: ASDAX Class C: ASDCX Class I: ASDIX

AAM/HIMCO

SHORT DURATION FUND

HIMCO's investment process is designed to potentially balance investors' need for income with seeking to reduce interest rate volatility as markets advance through an economic cycle.

See why

Enhanced Yield Potential

For example , as of 3/31/20,

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Traditional Short-Term Bonds

0.92%

Asset-Backed Securities (ABS)

2.12%

Intermediate Credit

2.40%

2.56%

High-Quality Bank Loans

7.08%

Intermediate High-Quality High Yield

9.11%

There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including loss of principal.

Aims to Reduce Volatility

Key risk management features include:

Issuer concentration limits

Focus on liquidity through larger issue sizes, a laddered portfolio and active portfolio management

Use of only USD-denominated investments eliminates currency risk

Portfolio is stress-tested to monitor potential downside loss

There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including loss of principal.

Diversification

Expanded opportunity set includes many areas with negative to low correlations to interest rates and traditional short-term bonds. Diversified portfolio across sectors seeks to minimize downside loss and generate consistent income from multiple sources.

Integrated risk management throughout the portfolio construction process seeks to protect clients from excess volatility.

15-Year Correlation vs. Interest Rates / Traditional Short-Term Bonds

-0.15

0.08

Asset-Backed Securities (ABS)

-0.20

0.14

Short Duration Commercial Mortgage Backed Securities (CMBS)

-0.65

-0.30

High-Quality Bank Loans

-0.55

-0.11

Intermediate High-Quality High Yield

Interest Rates

Traditional Short-Term Bonds

Source: Credit Suisse, Barclays Live, as of 3/31/2020.

Past performance does not guarantee future results.

Laddered portfolio

There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including loss of principal.

Class I shares (ASDIX) out of 164 funds in the Ultrashort Bond category based on risk-adjusted returns*

AS OF 3/31/20

OVERALL MORNINGSTAR RATING

Monthly

Dividend Frequency

For More Information

Fact Card

Presentation

Website

As of 12/31/2018

The 120-plus investment team at HIMCO has experience among a broad array of asset classes managing multi-sector products across multiple economic, interest rate and credit cycles. Specialized sector teams provide in-depth research in more credit intensive sectors. The Fund’s lead portfolio managers leverage the broad investment platform to gain insight into sector and duration positioning.

Robert Crusha, CFA* Head of Money Markets/Short Duration, Senior Portfolio Manager

Shannon Carbray, CFA* Senior Portfolio Manager

Short Duration Commercial Mortgage Backed Security (CMBS)