Overview
Amundi US provides investment advisory services encompassing a wide range of investment
strategies, as discussed herein.
Pooled Vehicles
Amundi US provides investment management services to various entities, including open and
closed-end investment companies (“Domestic Funds”) that are registered under the U.S.
Investment Company Act of 1940, as amended (the “Investment Company Act”) (“registered
investment companies” or “RICs”), and other similarly managed accounts such as private funds,
foreign registered investment companies (“Off-Shore Funds”), unregistered pooled investment
vehicles, collective investment trusts (“CIT”), and pension and profit sharing plans (“Pooled
Vehicles”). Amundi US also provides investment sub-advisory services to RICs. Amundi US
does not tailor its services to individual needs of its Pooled Vehicle clients.
Separate Accounts
Amundi US provides investment advisory services to separate accounts owned by institutional
clients such as charitable organizations, endowments, high net worth individuals, corporations
and other businesses, and state and local retirement boards (“Separate Accounts”). Amundi US
offers discretionary investment advice to separately managed account programs and platforms
sponsored by investment advisers, broker-dealers and other financial service firms (“Program
Sponsors”) either directly to the Program Sponsor (“Single Contract SMA”) or the participants
(“Dual Contract SMA”) depending on the program (collectively referred to as “SMA
Programs”).
Amundi US also provides investment advice to third-party model investment
programs (“Model Portfolios”). Through each investment management agreement with Amundi
US with respect to a Separate Account, a client will provide Amundi US with an investment
objective and guidelines. In addition to this option, each client can choose whether to authorize
Amundi US to vote proxies for its respective account(s).
Amundi US is registered with the Commodity Futures Trading Commission (“CFTC”) as a
Commodity Pool Operator (“CPO”) and a commodity trading advisor (“CTA”). Amundi US’s
Boston, MA office focuses on both equity and fixed income investments. The adviser’s Durham,
NC office focuses on fixed income investments. The adviser’s U.S. history dates back to 1928
with the creation of the Pioneer Fund, one of the first mutual funds.
Amundi Asset Management US, Inc. is a wholly owned subsidiary of Amundi US, Inc., which in
turn, is a wholly owned subsidiary of Amundi Holdings US, Inc… Amundi Holdings US, Inc. is
a wholly owned subsidiary of Amundi. Amundi is controlled by Credit Agricole S.A., a French
credit institution. Credit Agricole S.A. currently holds approximately 70% of Amundi’s share
capital. The remaining shares of Amundi are held by institutional and retail investors.
As of 01/31/2024, Amundi US managed approximately $99,749,000,000 in assets for
approximately 9,539 clients. Approximately $98,129,000,000 was managed on a discretionary
basis, and $1,620,000,000 was managed on a non-discretionary basis.