USIX

Fixed Income

AMUNDI USD CORPORATE BOND PAB NET ZERO AMBITION UCITS ETF - DIST

TER (bps):

14

AUM (USD m):

147

ISIN:

LU1285959703

Domicile:

Luxembourg

Share Class Currency:

USD

ESG:

No

Geographical Focus:

United States

As of:

10 Jul 2024

Climate Fund:

Yes

Benchmark

The Bloomberg MSCI USD Corporate Paris Aligned Green Tilted Index is designed to meet and exceed the minimum standards of the EU Paris Aligned Benchmark (PAB) label. The index is based on the flagship Bloomberg US Corporate Index. The index then sets an initial 50% decarbonization of absolute GHG emissions and carbon intensity relative to the standard Bloomberg US Corporate Index, followed by an annual 10% decarbonization trajectory of both measures. The index uses an optimization approach that aims to increase the weight of issuers that meet carbon reduction targets, increase the weight of green revenue versus fossil-fuel based revenue, and increase the weight of green bonds in the index, while minimizing active total risk. To be included, securities must be investment grade, fixed-rate, USD-denominated, corporate bonds with a minimum MSCI ESG Rating of BB. The index excludes issuers with a “red” MSCI ESG Controversy Score and negatively screens issuers that are involved in business activities that are restricted per Article 12 of the Delegated Acts. Additionally, issuers with involvement in nuclear weapons, civilian firearms, unconventional oil and gas, arctic oil and gas, tobacco, alcohol, and gambling are also excluded.

PERFORMANCE

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