Amundi Funds Net Zero Ambition Top European Players I EUR AD (D)

Objectives and Investment Policy Seeks to increase the value of your investment over the recommended holding period through investment in Sustainable Investments pursuant to Article 9 of the Disclosure Regulation. Specifically, the sub-fund aims to contribute to reducing the carbon footprint of the portfolio. The Sub-Fund invests at least 67% of its assets in equities of medium and large cap companies that are based or do most of their business in Europe and which are aligned with the Sub-Fund's sustainable investment objective of reducing the carbon footprint. The Sub-Fund’s investible universe is predominantly listed European equities, and while it may invest in any area of the economy, at any given time its holdings may be focused on a relatively small number of companies with the portfolio constructed in such a way to have a carbon intensity which is aligned with the MSCI Europe Climate Change Index. The Sub-Fund makes use of derivatives to reduce various risks, for efficient portfolio management and as a way to gain exposure (long or short) to various assets, markets or other investment opportunities (including derivatives which focus on equities). Benchmark : The Sub-Fund is actively managed and seeks to outperform the MSCI Europe Index over the recommended holding period. The Sub-Fund is mainly exposed to the issuers of the benchmark, however, the management of the Sub-Fund is discretionary, and will invest in issuers not included in the benchmark. The Sub-Fund monitors risk exposure in relation to the benchmark however the extent of deviation from the Benchmark is expected to be material. Further, the Sub-Fund has designated MSCI Europe Climate Change Index as a reference benchmark for the purpose of the Disclosure Regulation. The Benchmark is a broad market index, which assesses and includes constituents according to environmental characteristics, and therefore is aligned with the environmental characteristics promoted by the Sub-Fund. Management Process : The investment manager uses fundamental analysis of individual issuers to identify equities with superior long-term prospects as well as to pinpoint issuers' ESG prerogatives, in particular carbon intensity characteristics. The sustainable investment objective is attained by aligning the carbon footprint reduction objectives of the Sub-Fund with the MSCI Europe Climate Change Index. The portfolio carbon footprint intensity is calculated as an asset weighted portfolio average and compared to the asset weighted carbon footprint intensity of the MSCI Europe Climate Change Index. In addition, the Sub-Fund excludes companies on the basis of controversial behavior and (or) controversial products in accordance with the Responsible Investment Policy. The Sub-Fund seeks to achieve an ESG score of its portfolio greater than that of the investment universe. The distribution share pays dividends in September of each year. The minimum recommended holding term is 5 Years. Shares may be sold or redeemed (and/or converted) on any dealing day (except otherwise stated in the prospectus) at the respective dealing price (net asset value) in accordance with the articles of incorporation. Further details are provided in the prospectus of the UCITS.