BNP Paribas Easy Sustainable EUR Corporate Bond December 2032 UCITS ETF Capitalisation

TheProduct’s investmentuniverseconsistsof thesecuritiesof theBloombergEuroCorporateDecember2032Maturity index (I38647EUIndex) (the“Benchmark Index”). On31December2032(the“MaturityDate”),theProductwillbedissolvedandliquidated. TheProductwill investat least90%of itsassets infixedrateeuro-denominateddebtsecuritiescomprisedintheBenchmarkIndexandwithaninvestmentgrade creditrating. Theremainingportionmaybeinvestedinanyothertransferablesecurities,moneymarketinstruments,andalso,withinalimitof10%oftheassets, inUCITSorUCIs. TheProductmayholdancillaryliquidassets. Toachieveits investmentobjective, theProduct implementsastrategy(the“Strategy”)which(i)appliesabindingESGintegrationapproachandimprovesitsESG profilecomparedtotheBenchmark Index, and(ii)aimsatachievingacomparableperformanceversustheoneof theBenchmark Index(asopposedtoaimingat outperformingthelatter). ToaimatachievingsuchcomparableperformanceversustheoneoftheBenchmarkIndex, theProductappliestracking-error,sectoranddurationcontrolstowards theBenchmarkIndex. TheStrategymaybepartiallycomposedofgreenand/orsocialand/orsustainabilitybonds. Theextra-financial analysis coverage isat least 90%of theassetsof theProduct (excludingancillary liquidassets) and isbasedon theBNPPARIBASASSET MANAGEMENTproprietaryextra-financialframework. Furthermore, theStrategydoesnotselectcompaniesthatdonotcomplywiththeBNPPARIBASASSETMANAGEMENTResponsibleBusinessConduct(“RBC”)Policy basedon1)norms-basedscreens,suchastheUNNationsGlobalCompactprinciplesandOECDGuidelinesforMultinationalEnterprises,and2)BNPParibasAsset Managementsectorpolicies. TheStrategyalsoappliestheBNPParibasGroup’ssensitivecountriesframework,whichincludesrestrictivemeasuresoncertaincountriesand/oractivitiesthatare consideredasbeingparticularlyexposedtomoneylaunderingandterrorismfinancingrelatedrisks. TheuniverseoftheProduct’sportfolioholdingsconsistsofthecomponentsoftheBenchmarkIndex.ConsequentlytotheapplicationoftheESGintegrationapproach, theirweightingsmaydeviatefromthoseof theBenchmark IndexandtheProductmaynot invest insomeBenchmark Indexcomponents.Assuch, theProduct is activelymanaged. a)UntiltheFinalYear TheStrategyisconstructedtoselectsecuritiestoconsistentlyachieveespeciallythefollowingtargets:- aminimumreductionof20%oftheinvestmentuniverseduetotheapplicationofextra-financialexclusioncriteria(“selectivityapproach”)- aportfolio'sESGscorehigherthantheESGscoreoftheBenchmarkIndex- aminimumproportionof30%ofsustainableinvestmentsasdefinedinArticle2(17)ofSFDR,and TheESGintegrationapproachinvolvesespeciallytheevaluationofthethreebelownon-financialcriteriaattheleveloftheissuersinwhichtheStrategyinvests:- Environmental:suchasenergyefficiency,reductionofemissionsofgreenhousegases,treatmentofwaste;- Social:suchasrespectofhumanrightsandworkers’rights,humanresourcesmanagement(workers’healthandsafety,diversity);- Governance:suchasBoardofDirectorsindependence,managers’remuneration,respectofminorityshareholdersrights. ESGscoresenabletoassistintheESGevaluationofsecurities’issuers. b)DuringtheFinalYear DuringtheFinalYear,asthecorporatebondsecuritieswillgraduallymature, theProductwill replacethemby investing ingovernmentbonds issuedbyFrance, Germany, BelgiumandNetherlandsmaturinguptosixmonthsafter theMaturityDate. Assuch, theproportionof euro investment gradecorporatebondswill progressivelydecreaseasthesub-fundapproachestheMaturityDate. Atalltimesduringthisperiod,theProductwillachieveaportfolio'sESGscorehigherthantheESGscoreoftheBenchmarkIndex. Incomesaresystematicallyreinvested.