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FairHorizon Purple
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Amundi Money Market Fund - Short Term USD

USD money market solution simulating US Fed Fund Rate returns and with daily settlement liquidity.

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About the Fund

Data as of

Amundi Investment Solutions is a leading asset manager in Europe, founded in 2010 from the merger of the asset management businesses of Credit Agricole and Société Générale. It manages over EUR2tn worth of assets.

The Amundi Money Market Fund - Short Term (USD) is an actively managed fund designed to simulate USD money market-like returns and liquidity, with the aim to outperform the Compounded Effective US Federal Funds Rate. The fund mainly invests globally in overnight deposits, repurchase agreements (repo) and commercial papers, and to a lesser extend very short term bonds and certificate of deposits. The fund has a maximum weighted average maturity (WAM) of <60 days, weighted average life (WAL) of <90 days, and minimum credit quality of S&P A-1 short term rating for its investments. The fund has around 100 holdings. The fund provides same same subscription and redemption settlement to simulate money market liquidity.

Performance

Price Performance – Maximum Period

The FairHorizon Context

Investment-Time-Horizon in years

0 - 22 - 44 - 7 7 - 1010 - 1515+
Expected long-term return
2 - 4% p.a.
Expected volatility
3 - 5% p.a.

Building Block Returns

Amundi Money Market Fund - Short Term USD

Ann. return (3-year):
4.82%
Ann. return (5-year):
3.47%
Ann. return (10-year):
2.32%
Ann. Standard Deviation (5-year):
0.59%

This fund represents USD money market returns and liquidity through a portfolio of money market-related instruments.

FairHorizon Benchmark Returns

Dimensional Funds PLC - Global Ultra Short Fixed Income Fund

Ann. return (3-year):
4.75%
Ann. return (5-year):
—
Ann. return (10-year):
—
Ann. Standard Deviation (5-year):
—
Link to the Funds FairSheet

The Dimensional Global Ultra Short Fixed Income Fund is our FAIRHORIZON Purple reference benchmark solution that has high quality short maturity corporate bonds with money market-like returns and low volatility.

SHARING OUR PASSION FOR INVESTMENTS FAIRSHEET™  Amundi Money Market Fund - Short Term USD  Page 1/2

Why we prefer this fund

Relevance of strategy

This fund represents USD money market returns and liquidity through a portfolio of money market-related instruments.

Manager expertise

The fund is one of the largest USD money market solutions by AUM in Europe.

Performance

The fund has been able to track the index closely over time, lagging only about 0.1% p.a. or less over time after fees.

Historical maximum drawdown & recovery time

Max drawdown (since inception)
-0.10%
Recovery Period
82 Days

Diversification

Credit Rating

  • Aaa2.68%
  • Aa1.80%
  • A1.05%
  • Others94.46%

Sectors

  • Corporate9.85%
  • Government-Related4.72%
  • Others85.44%

Geography

  • Germany6.61%
  • Supranational1.58%
  • Netherlands1.25%
  • Canada1.11%
  • Japan1.03%
  • Sweden0.84%
  • China0.69%
  • Switzerland0.69%
  • Others86.21%