| FTSE EPRA/NAREIT EUROZONE CAPPED, a subfund of the SICAV BNP PARIBAS EASY Class ''UCITS ETF Capitalisation'' - ISIN code LU0950381748 This Fund is managed by BNP PARIBAS ASSET MANAGEMENT Luxembourg, part of the BNP Paribas Group. |
| --- |
| Objectives and investment policy |
| The Fund is an index-tracking passively managed fund. The Fund seeks to replicate (with a maximum tracking error* of 1%) the performance of the FTSE EPRA Nareit Eurozone Capped (NTR) index (Bloomberg: NR0EUE Index) (the «index») by investing in shares issued by companies included in the Index, respecting the Index's weightings (full replication). *The tracking error is a risk indicator that measures how closely a fund tracks the performance of its reference index. Incomes are systematically reinvested. Investors are able to redeem on a daily basis (on Luxembourg bank business days) as described in the prospectus. |
| Risk and reward profile |
| Lower risk	Higher risk	 Other risks materially relevant to the Fund which are not adequately captured by the indicator are described below: Potentially lower rewards	Potentially higher rewards This risk arises from the difficulty of selling an asset at a fair market price and at a desired time due to lack of buyers. Some markets are less regulated than most of the international markets; hence, the services related to custody and liquidation for the subfund on such markets could be more risky. Historical data may not be reliable indication for the future. The risk category of a Fund is an indicator but not a target or a guarantee and may shift over time.	. The lowest category does not mean a risk-free investment. Why is the Fund in this specific category? The risk category is justified by the investment mainly in Stocks and Shares, the value of which can fluctuate considerably. These fluctuations are often amplified in the short term. The higher the risk, the longer the recommended investment horizon. |

Translation (ENES, 2022-02-18):
| FTSE EPRA/NAREIT EUROZONE CAPPED, un subfondo de la SICAV BNP PARIBAS EASY Clase «UCITS ETF Capitalisation» - Código ISIN LU0950381748 Este Fondo está gestionado por BNP PARIBAS ASSET MANAGEMENT Luxembourg, sociedad del Grupo BNP Paribas. |
| --- |
| Objetivos y política de inversión |
| El Fondo se gestiona de forma pasiva mediante la supervisión de un índice. El Fondo pretende reproducir (con un error de seguimiento* máximo del 1 %) el rendimiento del FTSE EPRA Nareit Eurozone Capped (NTR) Index (Bloomberg: NR0EUE Index) (el «Índice»), mediante la inversión en acciones emitidas por sociedades incluidas en el Índice, respetando las ponderaciones del mismo (reproducción total). *El error de seguimiento es un indicador de riesgo que mide hasta qué punto un fondo reproduce el rendimiento de su índice de referencia. Los ingresos se reinvierten sistemáticamente. Los inversores podrán efectuar reembolsos diariamente (los días hábiles bancarios en Luxemburgo), como se describe en el folleto. |
| Perfil de riesgo y de rentabilidad |
| Menor riesgo	Mayor riesgo	 Otros riesgos que revisten una importancia significativa para el Fondo y que el indicador no capta de manera adecuada: Rentabilidad potencialmente inferior	Rentabilidad potencialmente más elevada - Este riesgo surge de la dificultad de vender un activo a un precio razonable de mercado y en el momento deseado, debido a la falta de compradores.