Amundi MSCI Semiconductors ESG Scr.UE/  LU2090063327  /

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 MSCI ACWI Semiconductors & Semiconductor Equipment ESG Filtered Net Total Return Index (the "Benchmark Index") denominated in US Dollars, while minimizing the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the Tracking Error"). The Benchmark Index aims to represent the performance of a select set of companies from the semiconductors and semiconductor equipment industries that excludes companies which are Environmental, Social and Governance ("ESG") laggards based on an ESG rating. The ESG rating methodology is based on ESG key issues including but not limited to water stress, carbon emissions, labor management or business ethics. The Benchmark Index uses a "Best-in-class" approach, i.e., bottom quartile companies by ESG industry-adjusted rating are excluded from the theme universe. Limits of the methodology of the Benchmark Index are described in the prospectus of the Fund through risk factors, such as the market risk linked to controversies and the risks linked to ESG methodologies and to ESG score computation. The Sub-Fund will apply a Direct Replication methodology to get exposition to the Index, 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 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.

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 MSCI ACWI Semiconductors & Semiconductor Equipment ESG Filtered Net Total Return Index (the "Benchmark Index") denominated in US Dollars, while minimizing the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the Tracking Error").