BNP PARIBAS EASY II Bloomberg US Treasury 25Y+ UCITS ETF Acc USD

Investment Objective To seek to provide investors with the performance of the ICE US Treasury 25+ Year Bond Index (the "Index"), less the fees and expenses of the fund, while passively tracking the Index and aiming to minimise the tracking error in between the fund's Net Asset Value and the Index. Investment Policy The fund is passively managed and will seek to achieve its investment objective by investing in sovereign debt publicly issued by the US government in its domestic market and denominated in US dollar. The fund intends to replicate the constituents of the Index by holding as far as possible and practicable the securities comprising the Index in generally the same proportions as they are held in the Index. Therefore, the fund may invest up to 100% of its net asset in the securities of the US government provided that it invests in at least 6 issues with no one issue exceeding 30% of net assets. The fund may also be invested in some securities which cease to be components of the Index until such time as it is possible and practicable in the Investment Manager's view to liquidate the position.The fund may use the following financial derivative instruments: foreign exchange spot, forward contracts and swaps for hedging purposes.The fund may engage in securities lending up to 80% of the fund's net assets, however the amount subject to securities lending arrangements is not generally expected to exceed 30% of the fund's net assets. The fund will not enter total return swaps or instruments with similar characteristics neither engage in borrowing of securities nor repurchase/reverse agreements.As of the date of this KID, the anticipated tracking error of the fund is expected to be up to 1% in normal market conditions. The various tracking error and tracking difference related factors are described in the prospectus. Divergences between the anticipated and realised tracking error will be explained in the ICAV's annual report.The fund is neither an Article 8 fund no

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No