Important risk disclosure

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LU2305762119
Amundi Emerging Markets Green Bond Fund (Dist.)

Fixed income
Emerging markets
HKD Cash
Distributing

Invest with

HKD Cash

Payout type

Distributing

Risk rating

About this fund

Description

The Fund seeks to increase the value of investment and to provide income through investment in Sustainable Investments, primarily in Emerging Markets green bonds denominated in USD or other OECD currencies.

Key information

Annual report

Key fact sheet

Prospectus

Factsheet

Our perspective

Why we think this fund is best-in-class

Product

Offers exposure to green projects in Global Emerging Markets through corporate bonds. Potentially creating a positive impact as green bonds offers an additional source of financing to projects facilitating the transition to a low-carbon environment. Emerging markets green bonds represent a growing investment universe with 50 emerging market economies having issued green bonds by the end of 2021. Authorised by HK SFC to be an ESG fund; also classified as an Article 9 fund under the European Sustainable Finance Disclosure Regulation.

People

Managed by Amundi, one of the pioneers in investing in emerging markets green bonds; their first foray into the space was through the launch of the innovative Amundi Planet Emerging Green One Fund (AP EGO) in 2018 in partnership with the IFC. It is a close-ended fund seeking to engage the potential issuers and encourage the issuance of emerging market green bonds. Now, Amundi manages a sizable book of emerging market green bonds across multiple strategies. Run by three portfolio managers, who are well-supported by a team of more than 15 emerging markets macro research analysts and credit analysts, as well as more than 25 members in the ESG analysis team.

Performance

There isn't a green bond benchmark that exists in an open format. Hence, the Fund's benchmark - 3 Month USD Libor + 2.50% serves as an indicator for assessing the Fund's performance. The Fund may be vulnerable to short-term market developments particularly when several tail risks occur simultaneously or within a relatively short time frame.

Process

Combines bottom-up and top-down approaches, with more focus on the bottom-up selection, incorporating credit and ESG analysis on issuers. Conducts internal ESG rating for the green bond issuers, internal assessment on the eligibility of green bond issuance, as well as regular review of and engagement with the green bond issuers.

Cost

Retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.

How it fits in a portfolio

Investors looking to participate in facilitating the low carbon transition of emerging markets countries would find this Fund fit for purpose. On one hand, emerging markets are most vulnerable to the impacts of climate change. They also face an unprecedented challenge of balancing decarbonisation objectives while maintaining a sustainable economic development trajectory. On the other hand, such challenges provide opportunities for positive impact generation. Investors should note, however, the Fund is subject to emerging market risk, such as macro policy risk and corporate default risk. In addition, the investment universe remains relatively narrow despite recent growth and expected future growth. Hence, it is advisable to use the Fund in a portfolio context and diversify the holding with allocation to other funds and asset classes after considering one's risk tolerance and investment goals.

Invest in this fund

Performance

Shows the total return of this distributing fund, which includes dividends paid out.

Total returns

Cumulative

Annualised

All Time

-5.80%

YTD

6.50%

1 month

0.07%

6 month

2.43%

1 year

6.50%

3 year

16.39%

As of Dec 2025

Distributions

6.91%

Frequency

Monthly

02 Jan 2026

Risk metrics

Max drawdown

-24.62%As of Dec 2025

Volatility

5.73%As of Dec 2025

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2025	6.5%	0.7%	1.2%	-0.4%	-0.4%	1.6%	1.2%	0.7%	0.3%	0.7%	0.4%	0.2%	0.1%
2024	4.6%	0.6%	0.1%	0.5%	-1.3%	1.4%	0.5%	1.3%	1.4%	0.9%	-0.7%	0.6%	-0.7%
2023	4.5%	2.6%	-1.4%	0.1%	0.4%	-1.1%	0.5%	0.1%	0.0%	-1.2%	-1.2%	3.0%	2.6%
2022	-17.5%	-2.7%	-4.8%	-2.1%	-1.8%	-1.9%	-4.0%	-0.2%	-0.1%	-4.8%	-1.5%	4.0%	1.4%
2021	-	-	-	0.0%	0.4%	0.5%	0.3%	-0.3%	1.0%	-0.9%	-1.9%	-1.1%	0.1%

Top Exposures

Holdings

Regions

Sectors

Amundi Planet SICAV-SIF Em Gr OneSnrUSDC	5.11%
Euro Bund Future Mar 26 (2026-03-06 Maturity)	3.95%
Hungary (Republic Of) 1.75% (2035-06-05 Maturity)	3.00%
Romania (Republic Of) 5.625% (2036-02-22 Maturity)	2.13%
Fs Luxembourg SARL 8.875% (2031-02-12 Maturity)	2.03%
Agrobank Akb 9.25% (2029-10-02 Maturity)	1.85%
Bank Hapoalim BM 3.255% (2032-01-21 Maturity)	1.74%
Rumo Luxembourg S A R L 5.25% (2028-01-10 Maturity)	1.72%
DP World Crescent LTD 5.5% (2033-09-13 Maturity)	1.69%
Star Energy Geothermal (Wayang Windu) Ltd. 6.75% (2033-04-24 Maturity)	1.66%
Colbun S.A. 3.15% (2032-01-19 Maturity)	1.55%
Interchile Sa 4.5% (2056-06-30 Maturity)	1.50%
Mbank SA 0.966% (2027-09-21 Maturity)	1.46%
Abu Dhabi Future Energy Company - PJSC - Masdar 4.875% (2033-07-25 Maturity)	1.44%
SK Hynix Inc. 2.375% (2031-01-19 Maturity)	1.41%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.85%1.14% p.a.

Save 38%

Fund facts

ISIN

LU2305762119

Fund house

Amundi

Fund size

HK$144.3M

As of 26 Jan 2026

Fund inception date

12 Mar 2021

Fund class currency

HKD

Fund share class

A2 HKD MTD3 D

Oldest share inception date

07 Jul 2020

Pricing frequency

Daily

Warning statements

All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
Past performance is not indicative of future performance.
Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

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Product Risk Rating Please note that any product risk rating (the “PRR”) provided by us is an internal rating assigned based on our product risk assessment model, and is for your reference only. The PRR is subject to change from time to time. The PRR does not take into account your individual circumstances, objectives or needs and should not be regarded as advice or recommendation to purchase, hold or sell any fund or make any other investment decisions. Accordingly, you should not solely rely on the PRR in making your investment decision in the relevant Fund.

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Disclaimer:

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LU2305762119Amundi Emerging Markets Green Bond Fund (Dist.)

LU2305762119
Amundi Emerging Markets Green Bond Fund (Dist.)