Amundi Global Bioenergy UCITS ETF USD Acc

This Sub-Fund is passively managed. The objective of this Sub-Fund is to track the performance of Bloomberg BioEnergy Screened Index (the 'Index'), and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index. The anticipated level of the tracking error, under normal market conditions, is indicated in the prospectus of the Sub-Fund. The Index is a Net Total Return Index : dividends net of tax paid by the Index constituents are included in the Index return. The Index is constructed to track the performance of companies that are expected to generate a meaningful portion of revenue from the production, storage, and distribution of ethanol, biodiesel, and renewable fuel. In addition, securities must meet certain minimum Environmental, Social or Governance ('ESG') standards. The Sub-Fund promotes environmental and/or social characteristics through among others, replicating an Index integrating an ESG rating. The Index methodology is constructed using a 'best performer approach': relying on Amundi's proprietary ESG methodology which aims to measure the ESG performance of an investee company that must perform with the best top three rating (A, B or C, out of a rating scale going from A to G) within its sector on at least one material environmental or social factor. Material environmental and social factors are identified at a sector level. Factors identified as material result in a contribution of more than 10% to the overall ESG score. The ESG key issues include for instance, but are not limited to, water stress, carbon emissions, labor management or business ethics. The limits of the approach adopted are described in the Sub-Fund's prospectus through risk factors such as Sustainable investment risk. The ESG score of companies is calculated by an ESG rating agency, using raw data, models and estimates collected/calculated using methods specific to each provider. Due to the lack of standardisation and the uniqueness of e

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No