AIM Program Funds’ Performance as of June 30, 2017
The 1-, 3- and 5-year returns for the three funds as of June 30, 2017 are presented in the tables below - along with their benchmarks. While most active managers have struggled to match their benchmarks, the AIM students have generally performed in the top half of active managers. All returns are reported net of all fees and transactions costs.
The AIM Small Cap Equity Fund holds the common stock of
various US firms with a market capitalization between $200 million and $3
billion). This is a highly volatile
sector of the equity market which provides important learning opportunities for
the AIM students. The performance of the fund in the past year was outstanding
(+25.90%), while the longer-term returns are on par with the small cap
benchmarks.
The AIM International Equity Fund allows students to invest in
the common stock of non-US domiciled firms. The students are limited to only
investing in American Depositary Receipts (ADRs) and global stocks denominated
in the US Dollar which makes the fund susceptible to currency swings. While the
fund posted strong returns the past year (+19.37%), it has been a challenging
market the past several years - which has provided the students with many valuable
learning experiences.
The AIM Fixed Income Fund utilizes exchange traded funds
(ETFs) and provides the students with a different set of challenges.
Understanding and forecasting the movement of interest rates among the various
categories of fixed income securities requires the students to stay current
with US monetary policy and the macroeconomy. During the past year the AIM
Fixed Income Fund outperformed the benchmarks and has generated competitive
long-term results.
Total Net Investment Returns (%) as of 6/30/2017
|
1 Year
|
3 Year
|
5 Year
|
AIM Small Cap Equity Fund
|
25.90
|
6.70
|
12.69
|
Benchmark: Russell 2000 Index
|
24.60
|
7.36
|
13.70
|
Benchmark: Morningstar US Fund Small Index
|
20.96
|
5.66
|
12.71
|
AIM International Equity Fund
|
19.37
|
-1.95
|
4.56
|
Benchmark: S&P ADR Index
|
16.20
|
-1.11
|
6.14
|
Benchmark: Russell Global xUS Index
|
20.49
|
1.26
|
7.82
|
AIM Fixed Income Fund
|
0.00
|
1.91
|
2.14
|
Benchmark: Bloomberg Barclays US Agg Bond Index
|
-0.31
|
2.48
|
2.21
|
Benchmark: Bloomberg Barclays US Treasury Index
|
-2.32
|
2.01
|
1.28
|
