Short term bonds are providing similar yields to longer-dated bonds. Investors can enjoy the potential income streams with less duration risks (sensitivity of the bond's price to the change in interest rates).
Source: Amundi and Bloomberg, as 31 December 2024. For illustrative purposes only. The Fund refers to Amundi Funds US Short Term Bond Class USD A2 (C). Indices used: UST 1Y and 3Y – US Fed Rates as of 31 December 2024. US Corporate - Bloomberg US Corporate Investment Grade, US Aggregate – Bloomberg US Aggregate Bond Index. Past performance does not predict future returns.

Why Short Duration now?
Seize yield opportunities from short term bonds
Seize yield opportunities from short term bonds
![USSTB - Yields and Duration [Final]](https://static.amundi.com/web-assets/awf-assets/amundi-retail/styles/switch_component/s3/2025-03/Reason%201%20-%20Table_0.jpg.webp?itok=okNmyo69)
Keep volatility in check regardless of the direction of interest rates
The Fund has an average duration of 0.41 years, reducing sensitivity to interest rate fluctuations.
At the same time, providing a defensive position to navigate market volatility by aiming to minimise volatility and drawdowns.
Source: Amundi and Bloomberg, data as of 31 December 2024. For illustrative purposes only. The Fund refers to Amundi Funds US Short Term Bond Class USD A2 (C). Indices used: US Corporates - Bloomberg US Corporate Investment Grade, US Aggregate – Bloomberg US Aggregate Bond Index. Past performance does not predict future returns.
Keep volatility in check regardless of the direction of interest rates
![USSTB - Volatility [Final]](https://static.amundi.com/web-assets/awf-assets/amundi-retail/styles/switch_component/s3/2025-03/Reason%202%20-%20Table_0.jpg.webp?itok=S9m4cPde)
Fund Features

Diversification

Focus on high quality

Low volatility
An Award-Winning Strategy Managed by Top Rated Fund Manager
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4 stars rating from Morningstar Data as of 31 December, 2024 | Benchmark Fund of the Year Awards 2023 House Awards – Mutual Fund – US Fixed Income | Fund Manager Noah Funderburk amassed 21 consecutive months of AAA ratings from Citywire since April 2023. Source: Citywire Rating, December 2024. |
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Amundi Funds US Short Term Bond

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Important Information
*Credit Rating data and Average Credit Quality calculations use an average of available ratings across S&P, Moodys and Fitch. In the case of sovereign bonds that are not rated by any of the three referenced rating agencies, an average of the issuer rating is used. Nonsovereign bonds that are not rated by any of the three referenced rating agencies are excluded from the Average Credit Quality calculation. Credit Rating data reflects the exposure of credit derivatives.
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This publication contains information about Amundi Funds US Short Term Bond (the “Fund”). The Fund is a sub-fund of Amundi Funds, an undertaking for collective investment in transferable securities existing under Part I of the Luxembourg law of 17 December 2010, organised as a société d’investissement à capital variable and registered with the Luxembourg Trade and Companies Register under number B 68.806 and having its registered office at 5, Allée Scheffer, L-2520 Luxembourg. The management company of the Fund is Amundi Luxembourg S.A., 5, Allée Scheffer, L-2520 Luxembourg. The Singapore Representative of the Fund is Amundi Singapore Limited (Registration No. 198900774E), 80 Raffles Place, UOB Plaza 1, #23-01, Singapore 048624 (Amundi Luxembourg S.A. and/or its affiliated companies, including without limitation Amundi Singapore Limited, being hereinafter referred to individually or jointly as "Amundi”). Amundi Singapore Limited is regulated by the Monetary Authority of Singapore.
This is a marketing communication. Investors should read the Singapore Prospectus and the Product Highlights Sheet of the Fund before deciding to invest in the Fund. The share classes/classes of the Fund available for offer to the retail public in Singapore are set out in the Singapore Prospectus and the Product Highlights Sheet of the Fund, which together with the latest annual and semi-annual reports (if any) may be obtained, free of charge, at the registered office of the Singapore Representative of the Fund or at www.amundi.com.sg or the Fund’s authorised distributors.
This publication is for information purposes only, is not a recommendation, financial analysis or advice, and does not constitute a solicitation, invitation or offer to purchase or sell the Fund in any jurisdiction where such offer, solicitation or invitation would be unlawful. This information is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities or services in the United States or in any of its territories or possessions subject to its jurisdiction to or for the benefit of any U.S. Person (as this term is defined in SEC Regulation S under the U.S. Securities Act of 1933 and in the Singapore Prospectus of the Fund). The Fund is not registered in the United States under the Investment Company Act of 1940 and shares of the Fund is not registered in the United States under the Securities Act of 1933. Accordingly, this publication is for distribution or to be used solely in jurisdictions where it is permitted and to persons who may receive it without breaching applicable legal or regulatory requirements, or that would require the registration of Amundi or its affiliates in these countries.
Past performance and any forecasts made are not indicative of future performance of the Fund. Please note that distribution/dividends (if applicable) are not guaranteed unless otherwise stated in the dividend policy for the relevant share class/class contained in the Singapore Prospectus of the Fund. Past distributions/dividends are not indicative of future distributions/dividends. The declaration and/or payment of dividends may have the effect of lowering the net asset value of the relevant class/share class. Distributions/dividends may be paid out of income and/or capital. Payment of distributions/dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Investors should review the relevant dividends disclosure report (if applicable) found on www.amundi.com.sg. Any opinion or view presented is subject to change without notice. The information on this publication is intended for general circulation without taking into account the specific investment objectives, financial situation or particular needs of any particular investor. An investor may wish to seek advice from a financial adviser regarding the suitability of the Fund, taking into account the specific investment objectives, financial situation or particular needs of any person in receipt of the recommendation, before making a commitment to purchase shares in the Fund.
Where applicable and contemplated in the Singapore Prospectus of the Fund, the Fund may invest in financial derivatives as part of its strategy, and a material portion of the returns may be generated from financial derivative strategies. In such scenarios, the Fund will be subject to risks associated with such investments as further detailed in the Singapore Prospectus of the Fund. Additional risk factors are described in the Singapore Prospectus of the Fund. Investments in the Fund is subject to investment risks, including the possible loss of the principal amount invested. Such activities may not be suitable for everyone. Value of the shares in the Fund and the income accruing to the shares, if any, may fall or rise. Any forecast, projection or target is indicative only and is not guaranteed in any way. Such information is solely indicative and may be subject to modification from time to time.
It is the responsibility of investors to read the legal documents in force in particular the current Singapore Prospectus of the Fund. Subscriptions in the Fund will only be accepted on the basis of their latest prospectus available in English and/or the Product Highlights Sheet. A summary of information about investors’ rights and collective redress mechanisms can be found in English on the regulatory page at https://about.amundi.com/Metanav-Footer/Footer/Quick-Links/Legal-docume…. Information on sustainability-related aspects (if applicable) can be found at https://about.amundi.com/Metanav-Footer/Footer/Quick-Links/Legal-documentation.
The information contained in this publication is as at December 2024 except where otherwise stated. The information contained in this publication has been obtained from sources believed to be reliable but has not been independently verified, although Amundi and its affiliated companies believe it to be fair and not misleading. Amundi does not accept any liability whatsoever whether direct or indirect that may arise from the use of information contained in this publication. Amundi and its associates, directors, connected parties and/or employees may from time to time have interests and/or underwriting commitments in the investments mentioned in this publication. Amundi does not guarantee that all risks associated to the transactions mentioned herein have been identified, nor does it provide advice as to whether you should enter into any such transaction. Amundi does not make any representation as to the merits, suitability, expected success, or profitability of any such transaction mentioned herein.
Pursuant to the new Guidelines on marketing communications under Regulation (EU) 2019/1156 of 20 June 2019 on cross-border distribution of funds issued by the European Securities and Markets Authority (ESMA), performance returns which are less than 12 months will not be reported for European domiciled funds.
This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
The information contained shall not be copied, reproduced, modified, translated or distributed without the prior written approval of Amundi.
Date of first use: 4 Mar 2025 | Doc ID: 4159256
This document is issued by Amundi Singapore Limited (Company Registration No. 198900774E) who is regulated by the Monetary Authority of Singapore. This document is for information purposes only, is not a recommendation, financial analysis or an investment advice and does not constitute a solicitation, invitation or offer to purchase or sell any product. The information contained in this document is intended for general circulation without taking into account the specific investment objectives, financial situation or particular needs of any particular person. The information contained in this document is as at 31 December 2024 except where otherwise stated. The information contained in this document has been obtained from sources believed to be reliable but has not been independently verified, although Amundi and its affiliated companies (collectively “Amundi”) believe it to be fair and not misleading. Opinions expressed in this document are subject to change without notice. Amundi does not accept liability whatsoever whether direct or indirect that may arise from the use of information contained in this document. Amundi and its associates, directors, connected parties and/or employees may from time to time have interests and/or underwriting commitments in the securities mentioned in this document. Past performance and any forecasts made are not necessarily indicative of the future results. Any forecast, projection or target is indicative only and is not guaranteed in any way. All investments involve risks and the amount received from such investments may be less than the original invested amount. Amundi does not guarantee that all risks associated to the securities mentioned herein have been identified, nor does it provide advice as to whether you should enter into any transaction. This document is solely for issue in permitted jurisdictions and to persons who may receive it without breaching applicable legal or regulatory requirements. The information contained in this document [is personal and confidential and ] shall not, without prior written approval of Amundi Singapore Limited, be copied, reproduced, modified, or distributed, to any third person or entity in any country. This document is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities or services in the United States or in any of its territories or possessions subject to its jurisdiction to or for the benefit of any U.S. Person (as this term is defined in SEC Regulation S under the U.S. Securities Act of 1933). This document has not been reviewed by the Monetary Authority of Singapore.
Amundi Singapore Limited Company Registration No.: 198900774E This advertisement or publication has not been reviewed by the Monetary Authority of Singapore