AMUNDI MSCI NORTH AMERICA ESG CLIMATE NET ZERO AMBITION CTB UCITS ETF (ACC.) NRAM.FR

The ETF follows a passive, index-tracking strategy aimed at aligning with Net Zero Ambition via EU regulatory climate transition standards. It seeks to replicate as closely as possible the performance of the MSCI North America ESG Broad CTB Select Index.

This index excludes companies whose products have significant negative environmental or social impacts, overweights those with high ESG (environmental, social and governance) scores, and reweights constituents to reflect the risks and opportunities associated with the climate transition so as to satisfy the European Union's Climate Transition Benchmark (CTB) minimum requirements.

The scope of the fund is large- and mid-cap equities in the U.S. and Canadian markets, covering the North America region. The index is parented by the MSCI North America Index, and seeks to maintain risk and return characteristics similar to that benchmark while introducing ESG and climate transition overlays.

The ETF aims for tracking error relative to its benchmark that will not normally exceed 1%. The provider is Amundi, using a UCITS vehicle (UCITS compliant, with the fund structured under Amundi Ireland Limited, among other Amundi entities).

The ETF employs physical replication (i.e. it directly holds the equities in the index) to track the benchmark.