AMUNDI ULTRA SHORT TERM GREEN BOND - P/  FR001400BW54  /

By subscribing to AMUNDI ULTRA SHORT TERM IMPACT GREEN BOND, you are investing in international fixed-income products. The objective is, over a minimum investment horizon of 12 months and through bond premiums, to outperform the €STR + 0.05%. This is carried out while incorporating ESG criteria into the Fund's security selection process and focusing on projects that have a positive impact on the environment, after deducting maximum operating and management costs (the figures for which are listed in the charges section of the prospectus). In order to achieve this, the management team employs an investment process structured around a triple approach, a non-financial analysis of environmental, social and governance (ESG) criteria combined with a bottom-up analysis to select securities and a top-down analysis to optimise the portfolio. To this end, the Management Company analyses the environmental dimension of the projects financed (taking into account the impact assessments made by the issuers, such as the reduction in energy consumption or the production of clean energy measured in tonnes of CO2 equivalents avoided) by the green bonds and will exclude from the eligible universe green bonds whose impact cannot be assessed, i.e. whose issuers' data on the projects financed are not published and/or are deemed non-assessable. The non-financial analysis results in an ESG rating for each issuer on a scale ranging from A (highest rating) to G (lowest rating). At least 90% of securities in the portfolio have an ESG rating. ESG criteria are considered based on several approaches: - "rating improvement" approach (the weighted average ESG rating of the portfolio must be higher than that of the investment universe of the Fund), - regulatory by excluding certain issuers: exclusion of issuers rated G on purchase, legal exclusions on controversial weapons, exclusion of companies that seriously and repeatedly contravene one or more of the ten principles of the United Nations Global Compact and sectoral exclusions on coal and tobacco. - Best-in-Class which aims to give priority to issuers that are leaders in their business sectors based on ESG criteria identified by the Management Company's team of non-financial analysts. The Best-in-Class approach does not exclude any business sectors a priori, the Fund may therefore be exposed to certain controversial sectors. To limit the potential non-financial risks of these sectors, the Fund applies the exclusions set out above, coupled with a commitment policy that aims to promote dialogue with issuers and support them in improving their ESG practices. Limit of the approach adopted: The Best-in-Class approach does not exclude any business sectors a priori. All economic sectors are therefore represented in this approach and the UCI may thus be exposed to certain controversial sectors. To limit the potential non-financial risks of these sectors, the UCI also applies the Amundi exclusion policy on coal and tobacco (details of this policy are available in the Amundi Responsible Investment Policy available on the website www.amundi.fr) as well as the Group commitment policy In addition to the non-financial analysis, the Management Company also relies on an analysis of traditional financial criteria with regard to credit quality. Therefore, based on the portfolio constituted, the manager implements active management aimed at taking advantage of interest rate developments as well as the credit margins existing between securities issued by private entities and those issued by governments. The manager then selects securities with the best risk/return profile over the medium-term. Up to 100% of net assets are invested in euro-denominated private or public debt securities from all geographical areas. These are mainly bonds (fixed rate, indexed variable rate, subordinated financial securities) and, on an ancillary basis, money market instruments. The Fund may invest more than 75% of its assets in green bonds. The Fund may also invest up to 50% of its assets in debt securities denominated in OECD currencies (these positions are systematically hedged against currency risk, a residual currency risk of 2% may still remain).

By subscribing to AMUNDI ULTRA SHORT TERM IMPACT GREEN BOND, you are investing in international fixed-income products. The objective is, over a minimum investment horizon of 12 months and through bond premiums, to outperform the €STR + 0.05%. This is carried out while incorporating ESG criteria into the Fund's security selection process and focusing on projects that have a positive impact on the environment, after deducting maximum operating and management costs (the figures for which are listed in the charges section of the prospectus). In order to achieve this, the management team employs an investment process structured around a triple approach, a non-financial analysis of environmental, social and governance (ESG) criteria combined with a bottom-up analysis to select securities and a top-down analysis to optimise the portfolio.