Amundi Global Treasury Bond UCITS ETF GBP Hedged Dist

Fund objective

This Sub-Fund is passively managed. The objective of this Sub-Fund is to track the performance of Bloomberg Global Aggregate Treasuries Index, and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index. The Sub-Fund aims to achieve a level of tracking error of the Sub-Fund and its index that will not normally exceed 1%. The Index is a Total Return Index : the coupons paid by the Index constituents are included in the index return. The Bloomberg Global Aggregate Treasuries Index is a subset of its parent index, the Bloomberg Global Aggregate Index, (the "Parent Index"), filtering for securities with a sector of treasury only. The parent index is a multi-currency bond index composed of local currency treasury, government-related, corporate and securitized fixed-rate investment grade bonds from both developed and emerging markets issuers. More information about the composition of the index and its operating rules are available in the prospectus and at: bloomberg.com The Index value is available via Bloomberg (LGTRTRUU). The exposure to the Index will be achieved through a Direct Replication, mainly by making direct investments in transferable securities and/or other eligible assets representing the Index constituents in a proportion extremely close to their proportion in the index. The Sub-Fund intends to implement a sampled replication model in order to track the performance of the Index and it is therefore not expected that the Sub-Fund will hold each and every underlying component of the Index at all times or hold them in the same proportion as their weightings in the Index. The Sub-Fund may also hold some securities which are not underlying components of the Index. The Investment Manager will be able to use derivatives in order to deal with inflows and outflows and also if it allows a better exposition to an Index constituent. In order to generate additional income to offset its costs, the Sub-Fund may also enter into securities lending operations. Dividend Policy : the distribution share pays dividends annually. The minimum recommended holding term is 4. The Sub-Fund's shares are listed and traded on one or more stock exchanges. In normal circumstances, you may deal in shares during the trading hours of the stock exchanges, provided that the Market Makers can maintain market liquidity. Only authorised participants (e.g. selected financial institutions) may deal in shares directly with the Sub-Fund on the primary market. Further details are provided in the prospectus of the UCITS.