BNP PARIBAS Easy ICAV - BNP Paribas Easy Alpha Enhanced World UCITS ETF UCITS ETF USD CAPITALISATION

The Fund is activelymanaged. The benchmarkMSCIWorld (USD)NR is used for performance comparison. The Fund is not benchmark constrainedand its performancemaydeviatesignificantlyfromthatofthebenchmark. InvestmentObjective: The investmentobjectiveof theFund is to increasethevalueof theportfolioofworlddevelopedequities, usingamulti-factorsystematic securityselectionapproach,whiletakingintoaccountEnvironmental,SocialandGovernance(ESG)criteria. InvestmentPolicy:Toachieveitsinvestmentobjective,theFundinvestsatleast90%ofitsassetsinequitiesand/orequity-relatedsecuritiesissuedbycompaniesthat havetheirregisteredofficesorconductthemajorityoftheirbusinessactivitiesindevelopedcountries. TheFund’sportfoliowillbebuiltbasedonasystematicapproach,combiningseveral factorcriteriasuchas,butnotlimitedto, (i)cashflowgeneration(quality), (ii) relativevaluationcomparedtopeers(value),(iii)mediumtermperformancetrend(momentum)and(iv)lowpricevariation(“low-volatility”). TheFund’sportfolioisconstructedtoconsistentlyachieveaportfolio'sESGscorehigherthanthatoftheinvestmentuniverse. Inaddition, andintheframeworkof the implementationof theStrategy, the investmentuniverseisreducedbyremovingcompaniesthatdonotcomplywiththe InvestmentManager’sResponsibleBusinessConduct(“RBC”)Policywhichincludes:1)norms-basedscreens,suchastheUNNationsGlobalCompactprinciplesand OECDGuidelines forMultinational Enterprises, and2) the InvestmentManager’ssectorpolicies, assetout inthesectionof theProspectus titled“ESG-related DisclosuresResponsibleBusinessConductStandards”. ThereviewoftheinvestmentuniversethroughtheESGintegrationapproachismadeagainstthreeESGcriteria:-Environmental:suchasenergyefficiency,reductionofemissionsofgreenhousegases,andtreatmentofwaste;-Social:suchasrespectofhumanrightsandworkers’rights,andhumanresourcesmanagement(workers’healthandsafety,diversity);and-Governance:suchasboardindependence,managers’remuneration,andrespectofminorityshareholdersrights. ESGscores,asdefinedbytheInvestmentManager’sproprietaryscoringframework,areusedaspartofthisassessment.FurtherdetailsoftheInvestmentManager’s ESGscoringframeworkcanbefoundintheProspectusundertheheading“IndexFundsandActiveFunds:ESGScoringFramework”. Assuch, theextra-financialanalysiscoverageisat least90%of theassetsof theFund(excludingancillaryliquidassets)andisbasedontheInvestmentManager proprietaryextra-financialframeworkasfurtherdescribedinthesectionoftheProspectustitled“ESG-relateddisclosures”. TheFund’sbasecurrencyisUSDollar. DistributionPolicy: ItisnotthecurrentintentionoftheDirectorstodeclaredividendsinrespectofClassesidentifiedas“Capitalisation”. Recommendation:ThisFundissuitableformediumtolongterminvestment,thoughtheSub-FundmayalsobesuitableforshortertermexposuretotheIndex. Themanagementcompanypaypartorallof its feestoanypersonthat invests inorprovidesservicestothe ICAVor inrespectof theProduct inthe formofa discount.Suchamountmaybeupreducedupto50%, foraperiodof12monthsfromthedateofthelaunchoftheProduct.PleaserefertothesectionheadedFees, CostsandExpensesof theProspectus.ThusTotalCostsasdefinedbelowarepreferential for thelaunchof theProductandwillbeapplicableforaperiodof12 monthsfromthedateofthelaunch.PerformanceScenarioshavebeencalculatedtakingintoaccountthesepreferentialcosts. PleaserefertothesupplementoftheFund(the“Supplement”)foradditionaldetailsabouttheobjectiveandinvestmentpolicy. MSCI’swebsite(www.msci.com)containsmoredetailedinformationabouttheMSCI indexes