Our Amundi US Multi-Asset Ultrashort Income Strategy seeks to obtain a high level of current income The Strategy invests at least 80% in floating rate instruments and at least 80% in investment grade securities.
Short Duration Income
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Our Amundi US Multi-Asset Ultrashort Income Strategy is a US multi-sector income strategy that utilizes a diversified1 three-tiered approach to investing with the goal of achieving higher yields and lower volatility relative to its peer universe.
*Effective January 1, 2022, the benchmark for the Amundi US Multi-Asset Ultrashort Income Strategy changed from the ICE BofA USD 3-Month LIBOR Index to the ICE BofA US 3-Month Treasury Bill Index.
1Diversification does not guarantee a profit or protect against a loss.
Nicolas Pauwels, CFA
Vice President
Deputy Director of Securitized Credit
Portfolio Manager
Noah Funderburk, CFA
Senior Vice President
Director of Securitized Credit
Portfolio Manager
Overview
- Diversifies across many different US dollar fixed income asset classes, sectors, credit ratings, and security structures
- Focuses on senior securities within each asset class and structure in an effort to create a high quality portfolio
Why Amundi US?
The Strategy is managed within a strong fixed income investment culture focused on sound, fundamental research. Key features of the Amundi US Multi-Asset Ultrashort Income Strategy include:
- Three separate risk pools:
- Liquidity: money market securities, US Treasuries and agency notes
- Intermediate: corporate bonds, agency mortgage-backed securities, asset-backed securities and limited use of municipal bonds
- Core: holdings that generally offer lower liquidity, but afford the portfolio managers what we believe are the best opportunities to add yield and alpha to the portfolio, including non-agency asset-backed securities / mortgage-backed securities, bank loans, corporate bonds and event-linked (catastrophe) bonds
- Diversification: Invests across many different US dollar fixed income asset classes, sectors, credit ratings, and security structures
- Ultrashort duration target: Seeks to keep duration short of 0.25 years
- High quality portfolio: Focuses on senior securities within each asset class and structure