Amundi US Infl.Expectations 10Y UE A./  LU1390062831  /

The Fund is an index-tracking UCITS passively managed. The investment objective is to reflect the performance of the "Markit iBoxx USD Breakeven 10-Year Inflation Index" ("Benchmark Index") denominated in USD, in order to offer an exposure to a long position in U.S. 10-year Treasury Inflation-Protected securities (TIPS) and a short position in U.S. Treasury bonds with adjacent durations. The difference in yield (or "spread") between these bonds is commonly referred to as a "breakeven rate of inflation" (BEI) and is considered to be a measure of the market's expectations for inflation over a specified period of time. In order to hedge the EUR currency risk, the Fund uses a monthly hedging strategy which aims at reducing the impact of a change in the Fund currency against the currency of the Benchmark Index constituents. The Benchmark Index is a net total return index. A net total return index calculates the performance of the index constituents on the basis that any dividends or distributions are included in the index returns after withholding tax retention. In order to ensure the replicability of the Benchmark Index which the Fund reflects, the Benchmark Index methodology takes into account the costs associated with the building of a long/short position, in particular the borrowing costs of the short position. The Fund seeks to achieve its objective via indirect replication by entering into an over-the-counter swap contract (financial derivative instrument, the FDI"). The Fund may also invest in a diversified portfolio of international debt securities, whose performance will be exchanged against the performance of the benchmark Index via the FDI.

The Fund is an index-tracking UCITS passively managed. The investment objective is to reflect the performance of the "Markit iBoxx USD Breakeven 10-Year Inflation Index" ("Benchmark Index") denominated in USD, in order to offer an exposure to a long position in U.S. 10-year Treasury Inflation-Protected securities (TIPS) and a short position in U.S. Treasury bonds with adjacent durations.