Amundi Ultra Short Term Bond SRI I C

The fund aims to outperform its benchmark index (80% capitalised ESTER + 20% ICE BofA 1-3 Year Euro Corporate Index) through bond premiums, while incorporating ESG criteria into the security selection process.

The fund invests in international interest-rate products, mainly bonds (fixed-rate, indexed variable-rate, subordinated financial securities) issued in euros. It may also invest up to 50% of its assets in debt securities denominated in OECD country currencies, with a residual currency risk of 2%. At least 20% of the portfolio consists of securities with maturities of over 2 years.

The fund may be exposed to some controversial sectors due to its best-in-class approach, which prioritizes issuers leading in ESG criteria. To mitigate non-financial risks, the fund applies exclusions on certain issuers and engages in dialogue with issuers to improve their ESG practices. Additionally, there is a residual currency risk of 2% due to investments in debt securities denominated in OECD country currencies.

https://www.amundi.de/institutional/product/view/FR0050000910