Our Amundi Multi-Sector Fixed Income Strategy1 seeks to outperform the Bloomberg US Universal Index.

1Effective September 30, 2022, “Pioneer” has been removed from the former “Amundi Pioneer” strategy name.  





Our Amundi Multi-Sector Fixed Income Strategy takes an active, value-driven approach, investing across a wide range of global fixed income asset classes. This approach can yield higher returns than the US core, investment grade strategy while seeking to limit volatility, due to the diversification2 of non-investment grade and global fixed income sectors. Asset allocation and security selection are the primary alpha sources, with additional contributions from interest rate and currency factors.

2Diversification does not guarantee a profit or protect against a loss.

Ken Taubes

Executive Vice President
Chief Investment Officer, US
Portfolio Manager 


Jonathan Duensing, CFA

Senior Managing Director
Head of Fixed Income, US
Director of Multi-Sector Fixed Income


Jonathan Scott, CFA

Senior Vice President
Deputy Director of Multi-Sector Fixed Income
Portfolio Manager


Brad Komenda, CFA

Managing Director
Director of Investment Grade Corporates
Portfolio Manager 


Andrew Feltus, CFA

Managing Director
Co-Director of High Yield
Portfolio Manager 



  • Employees active asset allocation and bottom-up security selection as key drivers of alpha
  • Seeks to exploit low correlations of global fixed income and non-investment grade debt markets with US investment grade markets
  • Focuses on protection against permanent impairment of capital

Why Amundi US?

The Strategy is managed within a strong fixed income investment culture focused on sound, fundamental research. Key features of the Amundi Multi-Sector Fixed Income Strategy include:

  • Value approach: Assesses relative value across a broad range of global fixed income sectors, seeking strong total returns by investing in mispriced sectors and securities
  • Broad diversification: Expands opportunity set by investing in benchmark and non-benchmark sectors, increasing potential for higher returns, while diversifying risk through lower correlations of non-investment grade and global sectors with US investment grade sectors
  • Active, dynamic asset allocation: Overweights sectors strategically that offer attractive relative value, with particular focus on credit sectors where Amundi Pioneer has core competency
  • Downside risk focus: Strives to mitigate loss by avoiding at-risk sectors and securities, and aims to avoid principal loss in rising interest rate environments through active asset allocation to reduce exposure to the most interest rate-sensitive sectors
  • Experienced, stable team and track record:  Boasts approximately 30 years of experience among the portfolio managers and averages over 20 years of experience among the Fixed Income team
  • No portfolio manager departures since the Strategy's inception in 1999