AMUNDI ULTRA SHORT TERM GREEN BOND - P EUR ACC Fonds

By subscribing to AMUNDI ULTRA SHORT TERM IMPACT GREEN BOND, you are investing in international fixed-income products. The objective is, over a minimum investment horizon of 12 months and through bond premiums, to outperform the EURSTR + 0.05%. This is carried out while incorporating ESG criteria into the Fund's security selection process and focusing on projects that have a positive impact on the environment, after deducting maximum operating and management costs (the figures for which are listed in the charges section of the prospectus). In order to achieve this, the management team employs an investment process structured around a triple approach, a non-financial analysis of environmental, social and governance (ESG) criteria combined with a bottom-up analysis to select securities and a top-down analysis to optimise the portfolio. To this end, the Management Company analyses the environmental dimension of the projects financed (taking into account the impact assessments made by the issuers, such as the reduction in energy consumption or the production of clean energy measured in tonnes of CO2 equivalents avoided) by the green bonds and will exclude from the eligible universe green bonds whose impact cannot be assessed, i.e. whose issuers' data on the projects financed are not published and/or are deemed non-assessable. The non-financial analysis results in an ESG rating for each issuer on a scale ranging from A (highest rating) to G (lowest rating). At least 90% of securities in the portfolio have an ESG rating. ESG criteria are considered based on several approaches: - 'rating improvement' approach (the weighted average ESG rating of the portfolio must be higher than that of the investment universe of the Fund), - regulatory by excluding certain issuers: exclusion of issuers rated G on purchase, legal exclusions on controversial weapons, exclusion of companies that seriously and repeatedly contravene one or more of the ten principles of the United Nations Global Compact and sectoral exclusions on coal and tobacco. - Best-in-Class which aims to give priority to issuers that are leaders in their business sectors based on ESG criteria identified by the Management Company's team of non-financial analysts. The Best-in-Class approach does not exclude any business sectors a priori, the Fund may therefore be exposed to certain controversial sectors. To limit the potential non-financial risks of these sectors, the Fund applies the exclusions set out above, coupled with a commitment policy that aims to promote dialogue with issuers and support them in improving their ESG practices. Limit of the approach adopted: The Best-in-Class approach does not exclude any business sectors a priori. All economic s...