Amundi S&P 500 VIX Futur. Enh.Roll UE A./  LU0832435464  /

The Fund is an index-tracking UCITS passively managed. The investment objective of the Fund is to track both the upward and downward evolution of the "S&P 500 VIX Futures Enhanced Roll Index" (the "Benchmark Index"), denominated in US Dollars (USD), representative of the movement of the futures contracts market, as listed on the Chicago CBOE pertaining to the implicit volatility of the S&P 500 Index, while minimizing the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the "Tracking Error"). For exposure to be maintained, the futures contract positions must be "rolled". Rolling futures contracts consists of transferring a position on futures contracts nearing maturity (and, in any case, before expiry of the futures contracts) onto futures contracts with a longer maturity. Investors are exposed to a risk of loss or gain arising from the roll operation on the futures contracts. The Fund seeks to achieve its objective via indirect replication by entering into an over-the-counter swap contract (financial derivative instrument, the FDI"). The Fund may also invest in a diversified portfolio of international equities, whose performance will be exchanged against the performance of the benchmark Index via the FDI.

The Fund is an index-tracking UCITS passively managed. The investment objective of the Fund is to track both the upward and downward evolution of the "S&P 500 VIX Futures Enhanced Roll Index" (the "Benchmark Index"), denominated in US Dollars (USD), representative of the movement of the futures contracts market, as listed on the Chicago CBOE pertaining to the implicit volatility of the S&P 500 Index, while minimizing the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the "Tracking Error").