The Amundi Pioneer Opportunistic Core Strategy seeks to outperform the Bloomberg Barclays US Aggregate Index over a three-to-five year period by 1.0% to 1.50%, per annum, with a normalized tracking error of 1.5% to 2.5%.

                         

                              

                        

                       

The Amundi Pioneer Opportunistic Core Strategy invests across a broad range of US-dollar fixed income sectors both within and outside of its benchmark, the Bloomberg Barclays US Aggregate Index. In doing so, the Strategy expands the opportunity set and increases the potential for higher returns. At the same time, the Strategy diversifies1 risk through investment in asset classes, such as non-investment grade (up to 20%) and in floating rate sectors that may have lower correlations with US investment grade fixed income sectors. Value is primarily added through asset allocation and security selection. Duration and yield curve positioning represent the Strategy’s secondary alpha source.

¹Diversification does not guarantee a profit or protect against a loss.

Ken Taubes

Executive Vice President
Chief Investment Officer of the US Investment Management
Portfolio Manager 

Biography

Brad Komenda, CFA

Senior Vice President
Deputy Director of Investment Grade Corporates, US
Portfolio Manager 

Biography

Tim Rowe

Managing Director
Deputy Director of Multi-Sector Fixed Income
Portfolio Manager

Biography

Overview

  • Employs 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
  • Targets duration of +/- 1.5 compared to benchmark

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 Pioneer?

A strong fixed income investment culture focused on sound, fundamental research drives the management of the Amundi Pioneer Opportunistic Strategy. Key features of the Strategy include: 

  • Value Approach:  Assesses relative value across a range of US-dollar fixed income sectors and seeks strong total returns through investments in mispriced sectors and securities
  • Active, Dynamic Asset Allocation:  Overweights sectors strategically and industries that offer attractive relative value and work together to help protect against downside risk 
  • Diversification1 and Lower Correlations:  Invests across a broad range of US-dollar fixed income sectors within and outside of the Strategy's benchmark, to expand the opportunity set and increase the potential for higher returns. At the same time, the Strategy diversifies risk through investment in asset classes, such as non-investment grade (up to 20%) and floating rate sectors, which may have lower correlations with US investment grade fixed income sectors

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