NOTICE: 2019 Capital Gains Available. View PDF here.

Average Annual Total Returns Related To Indices

Monthly as of 5/31/20
 Month-
End %
YTD %1YR %3YR %5YR %10YR %Since
Incep. %
Institutional (AIUSX)0.150.531.26---1.26
Inception Date: December 26 2017
Investor (APUSX)0.130.421.11---0.91
Inception Date: December 26 2017
Class A (AAUSX)       
A Shares (at NAV)0.130.421.11---0.49
Inception Date: December 26 2017
A Shares (with maximum 2.00% load)-0.86-0.570.11---0.08
Inception Date: December 26 2017
Lipper US Index - Short Municipal Debt Funds-1.38-0.621.041.320.991.151.48
 Quarter-
End %
YTD %1YR %3YR %5YR %10YR %Since
Incep. %
Institutional (AIUSX)0.290.291.28---1.25
Inception Date: December 26 2017
Investor (APUSX)0.230.231.14---0.90
Inception Date: December 26 2017
Class A (AAUSX)       
A Shares (at NAV)0.230.230.99---0.44
Inception Date: December 26 2017
A Shares (with maximum 2.00% load)-0.76-0.76-0.01---0.00
Inception Date: December 26 2017
Lipper US Index - Short Municipal Debt Funds-1.38-0.621.041.320.991.151.48

Expense Ratios as of 5/31/20

InstitutionalInvestorClass A
Gross Expense Ratio2.11%2.36%2.21%
Net Expense Ratio0.35%0.60%0.60%

Certain fund expenses may have been waived or reimbursed. Had waivers and reimbursements not been in effect, the performance quoted would have been lower.

The performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. 

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