BNP Paribas Easy Alpha Enhanced € Corporate Bond UCITS ETF Capitalisation

TheProduct isactivelymanaged.ThebenchmarkBloombergEuroAggregateCorporateTotalReturnindex isusedforperformancecomparison.TheProduct isnot benchmarkconstrainedanditsperformancemaydeviatesignificantlyfromthatofthebenchmark. TheProduct seeks to increase thevalueof itsassetsover themediumtermby investing in investment gradecorporatebondsand / or securities treatedas equivalent. TheProduct’sportfoliowillbebuiltbasedonasystematicapproach,combiningseveral factorcriteriasuchas,butnotlimitedto, (i)cashflowgeneration(quality), (ii)relativevaluationcomparedtopeers(value),(iii)mediumtermperformancetrend(momentum)and(iv)lowindebtedness(“low-risk”). TheProductisnotdirectlyinvestedinequities,butitmayholdequitiesorequityequivalentsecuritiesasaresultofcorporateactions,suchasdebtrestructuring. TheProduct’sexposuretocurrenciesotherthanEURmaynotexceed5%. Investmentgradestructureddebtsmayrepresentupto20%oftheassets. Inaddition, theProductappliesabindingandsignificantESGintegrationapproachandimprovesitsESGprofilewhileaimingatreducingitsenvironmentalfootprint, asmeasuredbygreenhousegas(GHG)intensity,comparedtotheinvestmentuniverse. TheProduct’sportfolioisconstructedtoselectsecuritiestoconsistentlyachieveespeciallythefollowingtargets:- aportfolio'sESGscorehigherthanthatoftheinvestmentuniverse- aportfolio'sGHGintensityatleast20%lowerthanthatoftheinvestmentuniverse.(“extra-financial indicatorimprovementapproach”) TheESGintegrationapproachinvolvesespeciallytheevaluationofthethreebelownon-financialcriteriaattheleveloftheissuersinwhichtheStrategyinvests:- Environmental:suchasenergyefficiency,reductionofemissionsofgreenhousegases,treatmentofwaste;- Social:suchasrespectofhumanrightsandworkers’rights,humanresourcesmanagement(workers’healthandsafety,diversity);- Governance:suchasBoardofDirectorsindependence,managers’remuneration,respectofminorityshareholdersrights. ESGscoresenabletoassistintheESGevaluationofsecurities’issuers. Theextra-financial analysis coverage isat least 90%of theassetsof theProduct (excludingancillary liquidassets) and isbasedon theBNPPARIBASASSET MANAGEMENTproprietaryextra-financialframeworkasfurtherdescribedintheSustainableInvestmentPolicyoftheprospectus. Furthermore, thesub-fundappliessectorialandcontroversialexclusions,andespeciallydoesnotselectcompaniesthatdonotcomplywiththeBNPPARIBASASSET MANAGEMENTResponsibleBusinessConduct (“RBC”) Policybasedon1) norms-basedscreens, suchas theUNNationsGlobal Compact principlesandOECD GuidelinesforMultinationalEnterprises,2)BNPParibasAssetManagementsectorpolicies,assetout inBookI,and3)companiesthataretheworstESGratedper sector,assessedinaccordancewiththeESGScoresmethodology. TotalCostsasdefinedbelowarepreferential for the launchof theProductandwillbeapplicable foraperiodof12months fromthedateof the launchof the Product.PerformanceScenarioshavebeencalculatedtakingintoaccountthesepreferentialcosts. Bloomberg’swebsite(www.bloomberg.com)containsmoredetailedinformationabouttheBloombergindexes. Incomesaresystematicallyreinvested. Investorsareabletoredeemonadailybasis(onLuxembourgbankbusinessdays)asdescribedintheprospectus