The US Ultra Short Fixed Income strategy is a high-quality, ultrashort-duration strategy designed to preserve principal while generating stable income through a diversified portfolio of investment-grade securitized credit, ultrashort maturity corporate paper, and money market instruments. Actively managed with an emphasis on risk control and liquidity to meet the needs of cash-equivalent allocations.
Broader opportunity set
Draws on a wider opportunity set than traditional benchmarks, combining exposures to complement rather than concentrate risk
Integrated expertise
Dedicated sector specialists and multisector portfolio management bring their insights together into a coherent portfolio
Seeks repeatable alpha
Pursues appropriate compensation for each incremental risk taken, rather than relying on yield or spread alone
Fixed income markets can offer various sources of risk premia with differing efficiencies. Credit markets are asymmetric, potentially offering attractive long-term compensation that may require deep fundamental research to capture. More idiosyncratic markets tend to be less efficient, creating greater potential for excess return.
Disciplined research and positioning across the efficiency spectrum where the potential reward justifies the risk may allow for exploitation of these inefficiencies.
Establish strategic asset allocation through analysis of risk-return characteristics across fixed income sectors to determine baseline exposures consistent with investment objectives.
Cyclical tilts to risk and sector allocations, integrating top-down and bottom-up research to reflect current market conditions.
Security selection aims to elevate highest-conviction ideas, optimized within defined portfolio parameters. Client objectives and a risk-management overlay guide each step through to portfolio construction.
Worldwide Plaza
309 West 49th Street
New York, NY 10019
610 Market Street
Philadelphia, PA 19106
info@nomuraassetmanagement.com
Risk Disclosures
Investing involves risk, including the possible loss of principal.
Investments in derivatives may involve additional expenses and are subject to significant loss if they perform differently than anticipated. Derivatives are also subject to the risk that the counterparty may fail to perform its obligations.
Fixed income securities can lose value, including the possible loss of principal. Fixed income securities are subject to credit risk and interest rate risk. Credit risk is the risk that an issuer of a fixed income security may be unable to make interest payments and/or repay principal in a timely manner. Interest rate risk is the risk that prices of bonds and other fixed income securities will increase as interest rates fall and decrease as interest rates rise. Fixed income securities with longer maturities or duration generally are more sensitive to interest rate changes.
Mortgage-backed securities (MBS) and asset-backed securities (ABS) are subject to credit risk and interest rate risk and may also be subject to prepayment risk and extension risk. In addition, MBS and ABS may decline in value, become more volatile, face difficulties in valuation, or experience reduced liquidity due to changes in interest rates or general economic conditions. Certain MBS, such as collateralized mortgage obligations, real estate mortgage investment conduits, and stripped MBS may be more susceptible to these risks than other MBS.
Diversification may not protect against market risk.
The principal on a fixed income security may be prepaid prior to maturity, which may require reinvestment at a lower interest rate.
The value of an investment will decline if there is a default by or a deterioration in the credit quality of the issuer or a provider of a credit enhancement or demand feature.
Liquidity risk is the possibility that securities cannot be readily sold within seven calendar days at approximately the price at which a portfolio has valued them. To the extent that a portfolio holds fixed income securities in smaller “odd lot” sizes, such positions may be less liquid and harder to sell. Odd lots may trade at lower prices than institutional round lot sizes, which may affect a portfolio’s ability to accurately value its investments.
Investments in collateralized loan obligations (CLOs) are subject to liquidity risk, interest rate risk, credit risk, prepayment risk, valuation risk, and the risk of default of the underlying asset, among others. The degree of such risk will generally correspond to the specific tranche in which an investment is made, with lower-rated CLO tranches often subordinate to higher-rated tranches in terms of payment priority and therefore subject to relatively greater risk.
Interest payments on inflation-indexed debt securities will vary as the principal and/or interest is adjusted for inflation.
Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.
All third-party marks cited are the property of their respective owners.
© 2026 Nomura Asset Management International Inc.
Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realized or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.
Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.
The fund or strategy is subject to liquidity risk, which is the risk that the fund or strategy’s investments cannot be readily sold within seven calendar days at approximately the price at which the fund or strategy has valued them.