Short Duration Strategic Fund Quote
| ASADX Fund | USD 8.84 0.01 0.11% |
Performance2 of 100
| Odds Of DistressLess than 22
|
Short Duration is trading at 8.84 as of the 19th of April 2024; that is -0.11% down since the beginning of the trading day. The fund's open price was 8.85. Short Duration has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Short Duration Strategic are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of February 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund invests in corporate bonds and notes, government securities, collateralized loan obligations, collateralized mortgage obligations and securities backed by mortgages or other assets. It may invest in both investment-grade and high-yield, non-money market debt securities. More on Short Duration Strategic
Moving together with Short Mutual Fund
| 0.79 | AMDVX | Mid Cap Value | PairCorr |
| 0.67 | AMEIX | Equity Growth | PairCorr |
| 0.75 | AMGIX | Income Growth | PairCorr |
| 0.8 | TWADX | Value Fund A | PairCorr |
Short Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Short Duration's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Short Duration or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | American Century Investments Funds, Large Funds, Short-Term Bond Funds, Short-Term Bond, American Century Investments (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of August 2022 |
| Fiscal Year End | March |
Short Duration Strategic [ASADX] is traded in USA and was established 19th of April 2024. Short Duration is listed under American Century Investments category by Fama And French industry classification. The fund is listed under Short-Term Bond category and is part of American Century Investments family. This fund presently has accumulated 730.22 M in assets under management (AUM) with no minimum investment requirementsShort Duration Strategic is currently producing year-to-date (YTD) return of 0.6% with the current yeild of 0.0%, while the total return for the last 3 years was 0.23%.
Check Short Duration Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Short Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Short Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Short Duration Strategic Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Short Duration Strategic Mutual Fund Constituents
| PFF | iShares Preferred and | Etf | Preferred Stock |
| SJNK | SPDR Bloomberg Short | Etf | High Yield Bond |
| SRLN | SPDR Blackstone Senior | Etf | Bank Loan |
Short Duration Target Price Odds Analysis
Based on a normal probability distribution, the odds of Short Duration jumping above the current price in 90 days from now is about 50.0%. The Short Duration Strategic probability density function shows the probability of Short Duration mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Short Duration has a beta of 0.069. This suggests as returns on the market go up, Short Duration average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Short Duration Strategic will be expected to be much smaller as well. Additionally, short Duration Strategic has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Short Duration to move above the current price in 90 days from now is about 50.0 (This Short Duration Strategic probability density function shows the probability of Short Mutual Fund to fall within a particular range of prices over 90 days) .
Short Duration Strategic Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Short Duration market risk premium is the additional return an investor will receive from holding Short Duration long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Short Duration. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Short Duration's alpha and beta are two of the key measurements used to evaluate Short Duration's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1018 | |||
| Semi Deviation | 0.1155 | |||
| Standard Deviation | 0.1666 | |||
| Variance | 0.0277 |
Short Duration Against Markets
Picking the right benchmark for Short Duration mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Short Duration mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Short Duration is critical whether you are bullish or bearish towards Short Duration Strategic at a given time. Please also check how Short Duration's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Short Duration without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Short Mutual Fund?
Before investing in Short Duration, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Short Duration. To buy Short Duration fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Short Duration. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Short Duration fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Short Duration Strategic fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Short Duration Strategic fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Short Duration Strategic, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Short Duration Strategic?
The danger of trading Short Duration Strategic is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Short Duration is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Short Duration. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Short Duration Strategic is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Short Duration Strategic. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Short Duration Strategic information on this page should be used as a complementary analysis to other Short Duration's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.