Our Amundi US Agency MBS Short Duration Strategy1 is a true short duration strategy as it actively seeks to reduce interest rate risk.  The goal of the Strategy is to capture the excess spread that agency mortgage-backed securities offer relative to Treasury and swap rates target competitive results by holding mostly agency mortgage-backed securities with small allocations to commercial mortgage-backed securities and asset-backed securities. 

1Effective September 30, 2022, the Amundi Pioneer High Credit Quality Short Duration Strategy was renamed to Amundi US Agency MBS Short Duration Strategy.

                       

                        

                       

    

We believe the Strategy's focus on agency mortgage-backed securities and AAA-rated securitized credit make it suitable for institutional investors seeking high credit quality and short-term liquidity.

¬≤Effective April 1, 2022, the benchmark for the Amundi US Agency MBS Short Duration Strategy changed from the ICE BofA USD 1-Month LIBOR Index to the ICE BofA US 3-Month Treasury Bill Index. 

Tyler Patla

Senior Vice President, Director of Agency Mortgages
Portfolio Manager

Biography

Rob Aufdenspring, CFA

Senior Vice President
Portfolio Manager

Biography

Steve Bernhardt

Vice President
Portfolio Manager

Biography

Overview

  • Targets consistent results while seeking high credit quality, low interest rate risk and liquidity
  • Consists of mostly agency mortgage-backed securities with allocations to AAA commercial mortgage-backed securities and asset-backed securities
  • Expected average credit quality of AAA
  • Positions are hedged to short duration with a goal of capturing the excess spread that agency mortgage-backed securities offer relative to Treasury and swap rates
  • Seeks to achieve excess returns derived primarily from active security selection and sector allocation

Why Amundi US?

A strong investment culture focused on sound, fundamental research drives the management of the Amundi US Agency MBS Short Duration Strategy. Key features of the Strategy include:

  • The Strategy is a true short duration strategy as it seeks to reduce interest rate risk.
  • The focus on agency mortgage-backed securities and AAA-rated securitized credit is appropriate for institutional investors seeking high credit quality and short-term liquidity.
  • Strategy has been managed since 1992 (over 25 years).