Our 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 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.
1 Diversification does not guarantee a profit or protect against a loss.
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
- Targets a duration of typically 0 to 1 year, with an ultrashort target of 0.25 years
PLEASE 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.
Why Amundi US?
The Strategy is managed within a strong fixed income investment culture focused on sound, fundamental research.Key features of the 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 (MBS), asset-backed securities (ABS) 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: ¹ Invests across many different US dollar fixed income asset classes, sectors, credit ratings, and security structures
- Ultrashort duration target: Employees duration of 0.25 years
- High quality portfolio: Focuses on senior securities within each asset class and structure
1 Diversification does not guarantee a profit or protect against a loss.