BNP Paribas Easy Global Corporate Bond Privilege Capitalisation

The Product’s investment universe consists of the securities of the Bloomberg Global Corporate IG Select Index (I37936US Index) (the “Benchmark Index”). To achieve its investment objective, the Product implements a strategy (the “Strategy”) which (i) applies a binding and significant ESG integration approach based on ESG criteria such as, but not limited to, energy efficiency, respect of human and workers' rights, board of directors independence, and improves its ESG profile compared to the Benchmark Index and (ii) aims at achieving a comparable performance versus the one of the Benchmark Index (as opposed to aiming at outperforming the latter). The Strategy is constructed to select securities to consistently achieve the following targets: - a portfolio's ESG score higher than the ESG score of Benchmark Index, and - a minimum proportion of 20% of sustainable investments as defined in Article 2 (17) of SFDR. The Strategy may be partially composed of green and/or social and/or sustainability bonds. The extra-financial analysis coverage is at least 90% of the assets of the Product (excluding ancillary liquid assets) and is based on the BNP PARIBAS ASSET MANAGEMENT proprietary extra-financial framework. Furthermore, the Strategy does not select companies that do not comply with the BNP PARIBAS ASSET MANAGEMENT Responsible Business Conduct (“RBC”) Policy based on 1) norms-based screens, such as the UN Nations Global Compact principles and OECD Guidelines for Multinational Enterprises, and 2) BNP Paribas Asset Management sector policies. The Product will follow investment grade and OECD criteria for holding securities. Where a security does not comply with the OECD guidelines or is downgraded below investment grade, and is part of the portfolio, this security shall be excluded from the portfolio within less than three months. In the case where a company has been flagged in breach with the RBC Policy and which is part of the portfolio, the company shall be excluded from the portfolio within less than three months from the first day of breach. The universe of the Product’s portfolio holdings consists of the components of the Benchmark Index. However, consequently to the application of the ESG integration approach, their weightings may deviate from those of the Benchmark Index and the Product may not invest in some Benchmark Index components. Additionally, in case of downgrade of a security below investment grade and which is part of the portfolio, the security shall be excluded from the portfolio within less than three months from the first day of breach. As such, the Product is actively managed. To aim at achieving a comparable performance versus the one of the Benchmark Index, the Product applies tracking-error minimisation, along with country and duration controls towards the Benchmark Index. In fact, the Product will aim to maintain the ex-ante tracking-error below 0.25% in normal market conditions and subject to sufficient total asset under management . The Product will invest at least 90% of its assets in global, fixed-rate corporate debt securities issued by developed markets issuers and comprised in the Benchmark Index. Incomes are systematically reinvested. Investors are able to redeem on a daily basis (on Luxembourg bank business days) as described in the prospectus.