Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc

Fund objective

The Fund is an index-tracking UCITS passively managed. The investment objective of the Fund is to track both the upward and the downward evolution of the S&P Eurozone LargeMidCap Net Zero 2050 Paris-Aligned ESG Net Total Return Index (the “Benchmark Index”) denominated in Euro, 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 Benchmark Index is representative of the performance of eligible equity securities from the S&P Eurozone LargeMidCap Index (the “Parent Index”) selected and weighted to be collectively compatible with a 1.5°C global warming scenario. The weighting strategy aims to minimize through optimization the difference in constituent weights to the Parent Index while simultaneously delivering a broad range of climate objectives covering transition risk (e.g. a minimum self-decarbonization rate of greenhouse gas emissions intensity equating to at least 7% on average per annum), climate change opportunities (through substantially higher green-to-brown revenue share) and physical risk (by using Trucost’s Physical Risk dataset as defined in the methodology of the Benchmark Index). The Benchmark Index aims to meet and maintain the criteria to qualify as an EU Paris-Aligned Benchmark (“EU PAB”). The Fund follows an extra-financial approach significantly engaging that permits the reduction of overall greenhouse gas emissions intensity compared to the Parent Index by at least 50%. The analysis of companies’ current and future greenhouse gas emission is partly based on declarative data, models and estimates. In the current state of the available data, all greenhouse gas emission data are not available, and some are model based (in particular those related to scope 3 which includes all greenhouse gas emissions that are not directly related to manufacturing of a product). The methodology of the Benchmark Index does not prevent to incorporate highly greenhouse gas emitting companies’ securities. Limits of the methodology of the Benchmark Index are described in the prospectus of the Fund through risk factors. For further information in relation to the general and specific environmental, social and governance (ESG) objectives targeted by the Fund, please refer to the Transparency Code of the Fund available on https://www.amundietf.com/. The Benchmark Index is a net total return index. A net total return index calculates the performance of the Benchmark Index constituents on the basis that any dividends or distributions are included in the Benchmark Index returns after withholding tax retention. S&P’s website (https://us.spindices.com/) contains more detailed information about the S&P indexes. The Fund seeks to achieve its objective via a direct replication, by investing primarily in the securities comprising the Benchmark Index. To optimize the Benchmark Index replication, the Fund may use a sampling replication strategy. The potential use of this technique is published on Amundi’s website: www.amundietf.com. Updated composition of the Fund holdings is available on www.amundietf.com. In addition, the indicative net asset value is published on the Reuters and Bloomberg pages of the Fund, and might also be mentioned on the websites of the stock exchanges where the Fund is listed. The share currency is the Euro (EUR). Invested financial instruments: Derivatives, International equities, Other Financial instruments. Dividend policy: the Fund's amounts available for distribution (if any) shall not be distributed to Shareholders, but reinvested. Net Asset Value: is calculated daily provided that the relevant stock exchanges are open for trading and orders can be covered. Redemptions: investors are able to redeem their shares on the primary market every valuation day before 15:30 Europe/Luxembourg and sell their shares on the secondary market at any time during trading hours on the Fund listing places.