USIX
•
Fixed Income
AMUNDI USD CORPORATE BOND PAB NET ZERO AMBITION UCITS ETF - DIST
TER (bps):
14
AUM (USD m):
146
ISIN:
LU1285959703
Domicile:
Luxembourg
Share Class Currency:
USD
ESG:
No
Geographical Focus:
United States
As of:
11 Nov 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
