Fund Evaluator:
AAM/Insight Select Income I (CPUIX)
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Best Performing in Corporate Bond Over the Last Year
| 3.2% | Vanguard Global Credit Bond Admiral (VGCAX) |
| 3.2% | Vanguard Interm-Term Investment-Grde Adm (VFIDX) |
| 3.0% | Vanguard Interm-Term Invmt-Grade Inv (VFICX) |
| 3.0% | Vanguard Global Credit Bond Investor (VGCIX) |
| 3.0% | Vanguard Interm-Term Corp Bd Idx Admiral (VICSX) |
Fund Details
AAM/Insight Select Income I Overview
AAM/Insight Select Income I (CPUIX) is an actively managed Taxable Bond Corporate Bond fund. AAM launched the fund in 2013.
The investment seeks current income. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds such as: U.S. corporate debt obligations; non-U.S. corporate and sovereign debt obligations; residential and commercial mortgage-backed securities; asset-backed securities; U.S. government securities; and convertible bonds. It may invest up to 25% of its total assets in lower rated fixed-income securities (also called "high yield bonds" or "junk bonds") or, if unrated, determined to be of comparable credit quality by the fund's advisor or sub-advisor.
About AAM/Insight Select Income I (CPUIX)
There are 2 members of the management team with an average tenure of 4.78 years: James DiChiaro (2019), Erin Spalsbury (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Credit TR USD index with a weighting of 100%. AAM/Insight Select Income I has 504 securities in its portfolio. The top 10 holdings constitute 7.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
AAM/Insight Select Income I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. AAM/Insight Select Income I has 19.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 2.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.7% (75.8% domestic bond, 19.9% foreign bond and 0.1% convertible bond). AAM/Insight Select Income I has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $206 million in total assets, which is below the $723 million average for the Corporate Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CPUIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The AAM/Insight Select Income I expense ratio is average compared to funds in the Corporate Bond category. AAM/Insight Select Income I has an expense ratio of 0.59%, which is 21% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. AAM/Insight Select Income I has a portfolio turnover rate of 56%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 117% for the Corporate Bond category.
Recently, in the month of July 2026, AAM/Insight Select Income I returned -2.1%, which earned it a grade of F, as the Corporate Bond category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
AAM/Insight Select Income I has a trailing yield of 4.97%, which is above the 4.39% category average. The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
AAM/Insight Select Income I Grades
Year to date, the fund has returned -1.2%, 0.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 2.2% over the past year (grade of C), 4.9% over the past three years (grade of B) and 0.0% per year over the past five years (grade of B) and 2.6% per year over the past 10 years (grade of B).
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CPUIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CPUIX Return (NAV) | -2.1% | -1.1% | 2.2% | 4.9% | 0.0% | 2.6% |
| CPUIX Grade | F | F | C | B | B | B |
| +/- Category | -0.5% | -0.3% | -0.1% | 0.4% | 0.3% | 0.3% |
| Corporate Bond Avg | -1.6% | -0.8% | 2.3% | 4.5% | -0.3% | 2.2% |
| CPUIX Tax Cost Ratio | na | na | 1.9% | 1.9% | 1.8% | 1.6% |
CPUIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CPUIX Return (NAV) | -1.2% | 7.7% | 3.6% | 9.2% | -16.3% | -0.1% | 10.2% | 14.8% | -3.0% | 6.9% | 6.6% |
| CPUIX Grade | D | B | A | A | C | A | C | B | C | B | C |
| +/- Category | -0.3% | 0.3% | 0.9% | 1.0% | -0.6% | 0.9% | 0.1% | 0.9% | -0.1% | 0.5% | -0.3% |
| Corporate Bond Avg | -0.9% | 7.4% | 2.7% | 8.2% | -15.7% | -1.0% | 10.0% | 13.9% | -2.9% | 6.3% | 6.9% |
| Risk Measures | |
| Standard Deviation: | 6.3% |
| Total Risk Index: | 0.51 - Below Average |
| Category Risk Index: | 1.03 - Average |
| Category Risk Grade: | C (46% Rank) |
| Beta: | 1.09 |
| R-Squared: | 96% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 5.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $214 Mil |
| Fund Total Assets: | $ 206 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 56% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.1 years | |||
| Average Tenure: 4.8 years | |||
| Managers (Year): DiChiaro James (2019), Spalsbury Erin (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 504 |
| % in Top 10 Holdings: | 7.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 19.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 2.1% |
| Domestic Bond: | 75.8% |
| Foreign Bond: | 19.9% |
| Convertible Bond: | 0.1% |
| Other: | 0.6% |
| Cash: | 1.5% |
Purchase Information
| Fund Family: | AAM |
| Phone Number: | 888-966-9661 |
| Website: | www.aammutualfunds.com |
| Status: | Closed |
| Inception Date: | April 19, 2013 |
| Min. Initial Purchase: | $25,000 |
| Min. Initial IRA Purchase: | $25,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.59% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.75% |
| Share Class: | AAM/Insight Select Income I |
| Min. Subsequent Purchase: | $5,000 |
| Min. Subsequent IRA Purchase: | $5,000 |
