Amundi US Curve steepening 2-10Y UCITS ETF Acc

The Sub-Fund is an index-tracking UCITS passively managed. The investment objective of the Sub-Fund is to reflect both the upward and downward evolution of the Solactive USD Daily (x7) Steepener 2-10 Index (the "Benchmark Index') denominated in USD, representative of the performance of a long position in 2Y US Treasury Note Futures (2-year contract) and a short position in the Ultra 10Y US Treasury Note Futures (10-year contract) while minimizing the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the 'Tracking Error'). The anticipated level of Tracking Error in normal market conditions is indicated in the Prospectus. The strategy that the Benchmark Index aims to replicate is commonly referred as a steepening strategy as it benefits from a steepening of the US interest rate curve. The Benchmark Index is representative of the performance of a long position in 2Y US Treasury Note Futures (2-year contract) and a short position in the Ultra 10Y US Treasury Note Futures (10-year contract). As a result, the Benchmark Index should benefit from an increase of the difference between the 10-year US yield and the 2-year US yield. On the contrary in the case of a decrease of the difference between the 10-year US yield and the 2-year US yield the Benchmark Index should decrease. In order to ensure the replicability of the Benchmark Index which the Sub-Fund reflects, the Benchmark Index methodology takes into account factors such as, but not limited to, funding costs. The Benchmark Index is a net total return index. A net total return index calculates the performance of the index constituents on the basis that any coupons are included in the index returns after withholding tax retention. Additional information about the Benchmark Index can be found at www.solactive.de. The Sub-Fund seeks to achieve its objective via indirect replication by entering into an over-the-counter swap contract (financial derivative instrument, the 'FDI'

Unfunded Swap Model (physical assets + swap 0%)

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No