Important risk disclosure

Please click here and read carefully the summary of the key features and risks specific to this fund stated in the offering document prepared by the relevant fund house before making any investment decision.

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LU0568621022

Amundi Cash USD Fund(LU0568621022)

Fixed income
Short duration
Global
USD Cash
Accumulating

Invest with

USD Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund seeks a stable performance in line with the Compounded Effective Federal Funds Rate Index by investing at least 67% of its total assets in money market instruments denominated in USD or hedged against USD.

Key information

Annual report

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Key fact sheet

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Prospectus

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Our perspective

Why we think this fund is best-in-class

Product

Focus on providing liquidity and stable returns in line with prevailing money market rate, such as the USD LIBOR 3M. Invests in high-quality short-duration securities from around the world. Note that the portfolio can achieve up to 90 days weighted average maturity, and 120 weighted average life, which requires the fund to use mark-to-market method to value its investments. Due to this, the Fund is NOT authorised as a money market fund in Hong Kong, and the returns can be more volatile than money market funds, although its investment profile makes it suitable to be used for short-term cash management purposes with caution.

People

Amundi has more than 30 years of track record in managing short-term cash investments. Amundi's size and leading position allows for better pricing power, ensuring clients have access to the best opportunities in the market.

Performance

Strong, stable returns in line with fund objective. Favourable historical yield levels that have been often higher than shorter duration money market funds. During times of rising rates, can experience mark-to-market losses.

Process

Stringent credit analysis, with each investable issuer supported by a 9-12 months outlook. Portfolio constructed based on strong security fundamentals, and macroeconomic backdrop.

Cost

Institutional share class with no trailer fees to achieve the lowest possible fees.

How it fits in a portfolio

The Fund will aim for capital preservation and liquidity for investors looking for short-term liquidity management for cash (USD) that they will need in the very near future, in addition to the potential to earn yield. Note that the Fund may experience mark-to-market losses that are greater and last longer than SFC-authorised money market funds. Investors should therefore be comfortable with the prospect of "high risk, high return" when choosing the Fund for short-term cash management.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

30.22%

YTD

0.88%

1 month

0.27%

6 month

1.92%

1 year

4.19%

3 year

15.65%

5 year

19.12%

10 year

28.26%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Yield

3.82%As of Mar 2026

Risk metrics

Max drawdown

-0.10%As of Mar 2026

Volatility

0.54%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	0.3%	0.3%	0.3%	-	-	-	-	-	-	-	-	-
2025	4.4%	0.4%	0.3%	0.4%	0.3%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.3%	0.4%
2024	5.4%	0.5%	0.4%	0.4%	0.5%	0.5%	0.4%	0.5%	0.5%	0.5%	0.4%	0.4%	0.4%
2023	5.5%	0.5%	0.4%	0.4%	0.4%	0.5%	0.4%	0.5%	0.5%	0.4%	0.5%	0.5%	0.5%
2022	1.6%	-0.0%	-0.0%	-0.0%	0.0%	0.1%	0.1%	0.1%	0.2%	0.2%	0.3%	0.3%	0.4%
Load more		5 of 16

Top Exposures

Holdings

Regions

Sectors

Dpat Fix 3.64 020326	8.58%
Banque Usd Cae	6.78%
Amundi Mny Mkt Fd S/T (USD) OV-C	3.48%
Agence Centrale Des Organismes De Securite Sociale 3.83% (2026-04-13 Maturity)	1.90%
Eni SpA 3.885% (2026-03-12 Maturity)	1.90%
Telus Corp. 3.95% (2026-06-30 Maturity)	1.13%
Bank of Montreal 5.3% (2026-06-05 Maturity)	1.10%
Lloyds Bk Plc Iam Coml Paper 3/A3 (2026-05-05 Maturity)	0.96%
Credit Industriel Et Commercial-Cic Sa New York Branch 3.88% (2026-12-11 Maturity)	0.96%
Swedbank AB (publ) (2026-06-10 Maturity)	0.96%
Banco Santander S.A. New York Branch (2026-07-02 Maturity)	0.96%
ING Bank N.V. 3.98% (2026-04-20 Maturity)	0.95%
DnB Bank ASA (2026-04-30 Maturity)	0.95%
Svenska Handelsbanken AB (2026-04-22 Maturity)	0.95%
Stanley Black & Decker, Inc. 3.85% (2026-03-31 Maturity)	0.95%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

0.23% p.a.

Fund facts

ISIN

LU0568621022

Fund house

Amundi

Fund size

US$5B

As of 28 Apr 2026

Fund inception date

24 Jun 2011

Fund class currency

USD

Fund share class

USD I2 Acc

Oldest share inception date

24 Jun 2011

Pricing frequency

Daily

Warning statements

All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
Past performance is not indicative of future performance.
Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

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