Seeking income in excess of money market funds

We believe that a value-oriented, total return, risk-managed approach to fixed income investing should produce competitive long-term performance. We integrate top-down views and risk management with a bottom-up valuation process.

 We believe in high quality, multi-sector approach that invests in three distinct, diversified pools of risk.

Notation - June 2024
© 2024 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar; (2) may not be copied or redistributed; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and do not make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

Why Now?

  • With a duration target of 0.25 years, the portfolio is well-positioned for the uncertainty around interest rates.
  • The portfolio's investments are focused on the short and ultra-short end of the yield curve, where interest income is high and mark-to market volatility is usually lower.

Why this Fund?

  • Three separate risk pools – liquidity layer, intermediate risk layer, core risk layer
  • Diversifies* across many different U.S. Dollar fixed income asset classes, sectors, credit ratings, and security structures
  • High-quality Portfolio focused on senior securities within each asset class and structure Why Amundi − Seasoned investment team − Value-driven process focused on diversified asset allocation and security selection − Core competency in both corporate and mortgage credit spreads

*Prior to 17 June 2019, Amundi Funds II – Pioneer U.S. Dollar Short-term. Source: Amundi Asset Management as at 31 December 2019 1PLEASE NOTE: The Internal Guidelines referenced do not necessarily represent prospectus/statutory limitations. These internal guidelines are used as guidance in the daily management of the Portfolio’s investments. These guidelines are subject to change and should not be relied upon as a long term view of the Portfolio’s exposures, limitations, and/or risks.
²Diversification does not assure a profit or protect against loss.
3A USD share versus Morningstar category EEA OE USD Diversified Bond – Short Term universe average over 3 and 5 year time periods

Detailed product information