Amundi Fds.Pioneer US Eq.M.Cap I USD

To achieve long-term capital growth. The Sub-Fund is actively managed by reference to and seeks to outperform the MSCI USA Mid Cap Value Index over the recommended period. The Sub-Fund is mainly exposed to the issuers of the Benchmark, however, the management of the Sub-Fund is discretionary, and will be exposed to issuers not included in the Benchmark. The Sub-Fund monitors risk exposure in relation to the Benchmark however the extent of deviation from the Benchmark is expected to be material. The Sub-Fund invests at least 85% of assets in equities of companies that: are headquartered, or do substantial business, in the United States, have a market capitalisation within the range of the MSCI USA Mid Cap Value index, are listed in the United States or in one of the OECD countries. The Sub-Fund makes use of derivatives to reduce various risks and for efficient portfolio management and as a way to gain exposure (long or short) to various assets, markets or other investment opportunities (including derivatives which focus on equities).