Amundi IS USD HY Corp. Bond ESG UCITS ETF EUR Hdg Dist

This Sub-Fund is passively managed. The objective of this Sub-Fund is to track the performance of Bloomberg MSCI ESG US Corporate High Yield Select 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 Total Return Index : the coupons paid by the Index constituents are included in the index return. The Sub-Fund promotes environmental and/or social characteristics through among others, replicating an Index integrating an environmental, social and governance ('ESG') rating. The Index tracks fixed-rate, high-yield corporate bond with at least USD300mn par amount outstanding. This index is based on the Bloomberg US Corporate High Yield Index (the 'Parent Index') and applies additional criteria to include issuers with MSCI ESG Ratings of BBB or higher and negatively screens issuers that are involved in business activities that are restricted according to pre-defined Business Involvement Screens and issuers with a "Red" MSCI ESG Controversy Score. The Index methodology is constructed using a 'Best-in-class approach': best ranked companies are selected to construct the Index. 'Best-in-class' is an approach where leading or best-performing investments are selected within a universe, industry sector or class. It excludes companies falling behind on an ESG level, particularly on the basis of ESG ratings. Using such Best-in-class approach, the Index follows an extra-financial approach significantly engaging that permits the reduction by at least 20% of the initial investment universe (expressed in number of issuers). 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 Sustai

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No