Amundi US Celebrates 1st Anniversary of Pioneer CAT Bond Fund

BOSTON, February 08, 2024–(BUSINESS WIRE)–Amundi US, the US business of Amundi, one of many world’s ten largest asset managers by belongings underneath administration¹, celebrated the primary anniversary of Pioneer CAT Bond Fund on January 26, 2024. Amundi US is a number one investor within the Insurance Linked Securities (ILS) trade and provides a variety of funding options to {the marketplace}. The Fund, which provides buyers every day liquidity, marked its first 12 months with a return of 14.64%. As of the tip of January, the Fund had over $150 million in belongings underneath administration.

Chin Liu, Director of Insurance-Linked Securities, Director of Fixed Income Solutions, and Portfolio Manager of Pioneer CAT Bond Fund, mentioned, “Pioneer CAT Bond Fund leverages our agency’s 16-year historical past of investing in insurance-linked securities, and we proceed to consider this asset class is a beautiful possibility for buyers on the lookout for potential sources of yield and return. CAT bonds have traditionally exhibited low return correlations* to fairness and glued earnings markets, providing priceless portfolio allocation and diversification** advantages. Many of the favorable market tendencies that we witnessed over the previous few years, together with extra demand from the insurance coverage trade for capital reduction and elevated spreads of ILS securities, are nonetheless firmly in place.”

Jonathan Duensing, Head of Fixed Income, US, at Amundi US, mentioned: “We have been happy with the market’s reception for this technique in its first 12 months. The Fund’s asset progress confirms that buyers share our view in regards to the potential advantages of this market section. Investments in insurance-linked securities are a long-standing core competency of our fixed-income crew.”

For extra data on Pioneer CAT Bond Fund, together with further efficiency element and holdings, please go to us.amundi.com/usinvestors.

Pioneer CAT Bond Fund – Performance Returns as of January 31, 2024

As of December 31, 2023, the typical annual complete return since inception for the Pioneer CAT Bond Fund, class Y is 12.85%.

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Call 1-800-225-6292 for probably the most recent month-end efficiency outcomes. Current efficiency could also be decrease or increased than the efficiency information quoted. The efficiency information quoted represents previous efficiency, which isn’t any guarantee of future outcomes. Investment return and principal worth will fluctuate, and shares, when redeemed, could also be value roughly than their unique cost. All outcomes are historic and assume the reinvestment of dividends and capital good points. NAV outcomes symbolize change in web asset worth per share. Performance is web of all charges. Periods of lower than one 12 months will not be annualized. Performance outcomes mirror any relevant expense waivers in impact in the course of the durations proven. Without such waivers, fund efficiency could be decrease. Waivers is probably not in impact for all funds. Certain payment waivers are contractual by means of a specified interval. Otherwise, payment waivers will be rescinded at any time. See the prospectus and monetary statements for extra data.

Class Y shares will not be topic to gross sales costs and are available for restricted teams of buyers, together with institutional buyers. Initial investments are topic to a $5 million funding minimal, which can be waived in some circumstances.

A Word About Risk: Pioneer Cat Bond Fund

The Fund invests primarily in disaster bonds (CAT) and different types of insurance-linked securities (ILS). The Fund might lose a portion or the entire principal it has invested in disaster bonds, and the suitable to further curiosity and/or dividend funds with respect to the safety, upon the incidence of a number of pre-defined set off occasions. Trigger occasions might embrace pure or different perils of a selected measurement or magnitude that happen in a chosen geographic area throughout a specified time interval, and/or that contain losses or different metrics that exceed a certain quantity. The measurement of the ILS market might change over time, which can restrict the availability of ILS for funding. The availability of ILS within the secondary market might also be restricted. Investments in excessive yield or lower-rated securities are topic to greater-than-average worth volatility, illiquidity, and risk of default. The market worth of securities might fluctuate when rates of interest change. When rates of interest rise, the costs of fastened earnings securities held by the Fund will typically fall. Conversely, when rates of interest fall, the costs of fastened earnings securities held by the Fund will typically rise. Investments within the Fund are topic to attainable loss because of the monetary failure of issuers of underlying securities and their lack of ability to fulfill their debt obligations. The market costs of securities might go up or down, generally quickly or unpredictably, as a consequence of common market situations, akin to actual or perceived adversarial financial, political, or regulatory situations, recessions, inflation, modifications in curiosity or forex charges, lack of liquidity within the bond markets, the unfold of infectious sickness or different public well being points or adversarial investor sentiment. ILS wherein the Fund invests might have restricted liquidity or could also be illiquid and, due to this fact, could also be not possible or troublesome to buy, promote, or unwind. Investing in international and/or rising market securities entails dangers regarding rates of interest, forex trade charges, and financial and political situations. The Fund might use derivatives, akin to swaps, inverse floating-rate obligations and others, which will be illiquid, might disproportionately enhance losses, and have a doubtlessly giant influence on the Fund’s efficiency. Derivatives might have a leveraging impact. To the extent the Fund invests a major proportion of its belongings in a single trade, such because the insurance coverage section, the Fund could also be notably inclined to adversarial financial, regulatory or different occasions affecting that trade. As a non-diversified Fund, the Fund can make investments a better proportion of its belongings within the securities of any a number of issuers than a diversified fund. Being non-diversified might amplify the Fund’s losses from adversarial occasions affecting a specific issuer. Please see a prospectus for an entire dialogue of the Fund’s dangers.

The views expressed concerning market and financial tendencies are these of Amundi Asset Management US, Inc. (“Amundi US”), and are topic to vary at any time. These views shouldn’t be relied upon as funding recommendation, as securities suggestions, or as a sign of buying and selling intent on behalf of any portfolio.

About Amundi US

Amundi US is the US business of Amundi, Europe’s largest asset supervisor by belongings underneath administration and ranked among the many ten largest globally¹. Boston is one in all Amundi’s six important world funding hubs² and provides a broad vary of fixed-income, fairness, and multi-asset funding options in shut partnership with wealth administration companies, distribution platforms, and institutional buyers throughout the Americas, Europe, and Asia-Pacific.

With our monetary and extra-financial analysis capabilities and long-standing dedication to accountable funding, Amundi is a key participant within the asset administration panorama. Amundi purchasers profit from the experience and recommendation of 5,400³ crew members and market professionals in 35 nations³. A subsidiary of the Crédit Agricole group and listed on the Paris inventory trade, Amundi at present manages roughly $2.08 trillion of belongings³.

Amundi, a Trusted Partner, working on daily basis within the curiosity of our purchasers and society

www.amundi.com/us
Follow us on linkedin.com/firm/amundi-us/ and twitter.com/amundi_us.

1 Source: IPE “Top 500 Asset Managers” printed in June 2023, primarily based on belongings underneath administration as of December 31, 2022.
2 Boston, Dublin, London, Milan, Paris, and Tokyo
3 Amundi information as of 9/30/2023

Before investing, contemplate the product’s funding targets, dangers, costs and bills. Contact your advisor or Amundi US for a prospectus or abstract prospectus containing this data. Read it rigorously.

Individuals are inspired to hunt recommendation from their monetary, authorized, tax, and different applicable professionals earlier than making any funding or monetary choices or buying any monetary, securities, or investment-related services or products, together with any services or products described in these supplies. Amundi US doesn’t present funding recommendation or funding suggestions.

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Contacts

Press:
Amundi US
Geoffrey Smith
617-504-8520
[email protected]