# Risk & Reward Profile (SRRI) (Source: Fund Admin)
Lower risk, potentially lower rewards Higher risk, potentially higher rewards

### The SRRI represents the risk and return profile as presented in the Key Investor Information Document (KIID). The lowest category does not imply that there is

### The risk level of this Sub-Fund mainly reflects the market risk arising from investments in international bonds.
12/12
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80

### Portfolio (132.66)	Benchmark (141.28)
A : The Sub-Fund was created to absorb AMUNDI FUNDS II PIONEER STRATEGIC INCOME. Performance is based on that of the absorbed Sub-Fund, which pursued the same investment policy managed by the same investment management team and adopted a similar fee structure. Absorbed Sub-Fund inception: 2003.

### B : Performance of the Sub-Fund since the date of its launch
| Cumulative Returns * (Source: Fund Admin) |
| --- |
|  | YTD | 1 month | 3 months | 1 year | 3 years | 5 years | 10 years | Since |
| Since | 31/12/2021 | 30/11/2022 | 30/09/2022 | 31/12/2021 | 31/12/2019 | 31/12/2017 | 31/12/2012 | 04/04/2003 |
| Portfolio | -8.13% | -3.53% | -7.18% | -8.13% | -2.67% | 9.47% | 32.30% | 96.60% |
| Benchmark | -7.29% | -3.85% | -6.15% | -7.29% | -2.64% | 13.54% | 41.01% | 94.11% |
| Spread | -0.84% | 0.32% | -1.03% | -0.84% | -0.03% | -4.07% | -8.71% | 2.49% |
| The following information is additional to, and should be read only in conjunction with, the performance data presented above. Calendar year performance * (Source: Fund Admin) |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Portfolio | -8.13% | 8.19% | -2.08% | 10.62% | 1.67% | -8.83% | 8.72% | 7.99% | 17.02% | -3.50% |
| Benchmark | -7.29% | 6.41% | -1.31% | 11.30% | 4.78% | -8.57% | 7.02% | 11.87% | 20.21% | -5.61% |
| Spread | -0.84% | 1.78% | -0.77% | -0.68% | -3.10% | -0.26% | 1.70% | -3.88% | -3.19% | 2.11% |
| * Source: Fund Admin. The above results pertain to full 12-month period per calendar year. All performances are |


### calculated net income reinvested and net of all charges taken by the Sub-Fund and expressed with the round-off superior. The value of investments may vary upwards or downwards according to market conditions.

## Additional Risks

### Important risks materially relevant to the Sub-Fund which are not adequately captured by the indicator:

### Credit risk: represents the risks associated with an issuer’s sudden downgrading of its signature’s quality or its default.
Liquidity risk: in case of low trading volume on financial markets, any buy or sell trade on these markets may lead to important market variations/fluctuations that may impact your portfolio valuation.

### Counterparty risk: represents the risk of default of a market participant to fulfil its contractual obligations vis-à- vis your portfolio.

### Operational risk: this is the risk of default or error within the different service providers involved in managing and valuing your portfolio.

### Emerging Markets risk : Some of the countries invested in may carry higher political, legal, economic and liquidity risks than investments in more developed countries.

### The occurrence of any of these risks may have an impact on the net asset value of your portfolio.
© 2022 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

### Kenneth J. Taubes
Head of Investment Management US

### Andrew Feltus
Director of High Yield and Bank Loans

### Jonathan Scott
Deputy Director of Multi-Sector Fixed Income

### Bradley Komenda
Director of Investment Grade Corporates
Sub-Fund Statistics (Source: Bloomberg)
Performance analytics (Source: Fund Admin)
Risk analysis (rolling) (Source: Fund Admin)
|  | Portfolio | Benchmark |  |  | Inception to date |  |  | 1 year | 3 years | 5 years |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Duration ¹ | 6.29 | 5.96 |  | Maximum drawdown | -26.13% |  | Portfolio volatility | 8.22% | 7.97% | 7.08% |
| DTS ² | 12.48 | 6.39 |  | Recovery period (days) | 365 |  | Benchmark volatility | 9.41% | 7.74% | 7.20% |
| Spread ³ | 311 | 92 |  | Worst month | 03/2020 |  | Ex-post Tracking Error | 2.89% | 5.30% | 4.26% |
| Average Life | 10.64 | 8.23 |  | Lowest return | -11.26% |  | Information ratio | -0.29 | 0.01 | -0.19 |
| Yield to maturity | 6.4 | 5.03 |  | Best month | 01/2009 |  | Portfolio sharpe ratio | -0.99 | -0.11 | 0.31 |
| Current yield ** | 5.45 | 3.34 |  | Highest return | 11.09% |  |
| Yield to worst | 6.24 | 5.02 |  |  |  |
| Average Coupon | 3.92 | 3.01 |  |  |  |
| ¹ Effective Duration (Years) ² Duration Times Spread ³ Option Adjusted Spread |  |  |  |  |  |


### ** The weighted average exposure of coupon rate to current market price of all of the portfolio’s fixed income securities.

## Sub-Fund Statistics (Source: Amundi)
|  | Portfolio | Benchmark |
| --- | --- | --- |
| Average Rating  ⁴ | A | AA- |
| Number of Lines | 881 | 26,988 |


### ⁴ Median Rating calculated of the six agencies: Fitch, Moody's, Standard & Poor's, KBRA, DBRS and Morningstar.

### ⁴ Median Rating calculated of the six agencies: Fitch, Moody's, Standard & Poor's, KBRA, DBRS and Morningstar.

Translation (ENES, 2022-12-31):
# Perfil de riesgo y rentabilidad (Fuente: Fund Admin)
A riesgo más bajo, rentabilidad potencialmente más baja
120
100
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80

### Cartera (132,66)	Índice de referencia (141,28)
A riesgo más alto, mayor rentabilidad potencial

### La categoría más baja no significa "sin riesgo". La categoría de riesgo asociado a este fondo no está garantizada y podrá evolucionar en el tiempo.

### El nivel de riesgo de este Compartimento refleja principalmente el riesgo de mercado derivado de las inversiones en bonos internacionales.

## Riesgos Adicionales

### Riesgos importantes que son relevantes para el Compartimento y que no recoge de forma adecuada el indicador:

### Riesgo de crédito: representa el riesgo de degradación
A : El Compartimiento se creó para absorber AMUNDI FUNDS II PIONEER STRATEGIC INCOME. La rentabilidad se basa en la del Compartimiento absorbido, que siguió la misma política de inversión, gestionado por el mismo equipo de gestión de inversiones, y adoptó una estructura de comisiones similar. Inicio del Compartimiento absorbido: 2003.

### B : Rendimiento del Subfondo desde la fecha de su lanzamiento
| Rentabilidades * (Fuente: Fund Admin) |
| --- |
|  | Desde el | 1 mes | 3 meses | 1 año | 3 años | 5 años | 10 años | Desde el |
| Desde el | 31/12/2021 | 30/11/2022 | 30/09/2022 | 31/12/2021 | 31/12/2019 | 31/12/2017 | 31/12/2012 | 04/04/2003 |
| Cartera | -8,13% | -3,53% | -7,18% | -8,13% | -2,67% | 9,47% | 32,30% | 96,60% |
| Índice | -7,29% | -3,85% | -6,15% | -7,29% | -2,64% | 13,54% | 41,01% | 94,11% |
| Diferencia | -0,84% | 0,32% | -1,03% | -0,84% | -0,03% | -4,07% | -8,71% | 2,49% |
| La siguiente información es adicional y solo debe leerse junto con los datos de rendimiento presentados anteriormente. Rentabilidades anuales * (Fuente: Fund Admin) |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Cartera | -8,13% | 8,19% | -2,08% | 10,62% | 1,67% | -8,83% | 8,72% | 7,99% | 17,02% | -3,50% |
| Índice | -7,29% | 6,41% | -1,31% | 11,30% | 4,78% | -8,57% | 7,02% | 11,87% | 20,21% | -5,61% |
| Diferencia | -0,84% | 1,78% | -0,77% | -0,68% | -3,10% | -0,26% | 1,70% | -3,88% | -3,19% | 2,11% |

* Fuente : Fund Admin. Las rentabilidades siguientes cubren períodos completos de 12 meses para cada año natural. El valor de las inversiones puede variar al alza o a la baja en función de la evolución de los mercados.

### repentina de la capacidad de endeudamiento de un emisor o el de su incumplimiento.
Riesgo de liquidez: en caso de un bajo volumen de negociación en los mercados financieros, cualquier operación de compra o venta en estos mercados podría provocar fuertes variaciones/fluctuaciones de mercado que podrían afectar a la valoración de su cartera.

### Riesgo de contraparte: representa el riesgo de incumplimiento de un participante del mercado que le impida cumplir sus compromisos con respecto a su cartera.

### Riesgo operativo: es el riesgo de incumplimiento o error de los distintos proveedores de servicios relacionados con la gestión y valoración de su cartera.
Riesgo de Mercados emergentes: algunos de los países en los que se invierte pueden implicar mayores riesgos políticos, legales, económicos y de liquidez que las inversiones en países más desarrollados.

### La ocurrencia de cualquiera de estos riesgos podría afectar al valor liquidativo de su cartera.
©2022 Morningstar. Todos los derechos reservados. La información que figura en el presente documento: (1) es propiedad de Morningstar y/o de sus proveedores de contenido; (2) no puede ser reproducida o redistribuida; y (3) no están garantizadas su exactitud, exhaustividad ni vigencia. Ni Morningstar ni sus proveedores de contenido asumirán ninguna responsabilidad en caso de daños o pérdidas derivados del uso de la presente información. Las rentabilidades pasadas no garantizan los resultados futuros. Si desea más información sobre la calificación Morningstar, visite su sitio web: www.morningstar.com.

### Kenneth J. Taubes
Head of Investment Management US

### Andrew Feltus
Director of High Yield and Bank Loans

### Jonathan Scott
Deputy Director of Multi-Sector Fixed Income

### Bradley Komenda
Director of Investment Grade Corporates
Indicadores (Fuente : Bloomberg)
Análisis de las rentabilidades (Fuente : Fund Admin)
Indicadores de Riesgo (Fuente : Fund Admin)
|  | Cartera | Índice |  |  | Desde el lanzamiento |  |  | 1 año | 3 años | 5 años |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Duration ¹ | 6.29 | 5.96 |  | Caída máxima | -26,13% |  | Volatilidad de la cartera | 8,22% | 7,97% | 7,08% |
| DTS ² | 12.48 | 6.39 |  | Plazo de recuperación (dia) | 365 |  | Volatilidad del índice | 9,41% | 7,74% | 7,20% |
| Spread ³ | 311 | 92 |  | Peor mes | 03/2020 |  | Tracking Error | 2,89% | 5,30% | 4,26% |
| Average Life | 10.64 | 8.23 |  | Peor rentabilidad | -11,26% |  | Ratio de información | -0,29 | 0,01 | -0,19 |
| Yield to maturity | 6.4 | 5.03 |  | Mejor mes | 01/2009 |  | Cociente de Sharpe | -0,99 | -0,11 | 0,31 |
| Current yield ** | 5.45 | 3.34 |  | Mejor rentabilidad | 11,09% |  |
| Yield to worst | 6.24 | 5.02 |  |  |  |
| Average Coupon | 3.92 | 3.01 |  |  |  |
| ¹ Dur. Efec. (años) ² Duration Times Spread ³ Option Adjusted Spread |  |  |  |  |  |


### ** The weighted average exposure of coupon rate to current market price of all of the portfolio’s fixed income securities.

## Indicadores (Fuente : Amundi)

### Cartera  Índice

### Notación media 
⁴	

### A	AA-

### Número de líneas en cartera	88126 988

### ⁴ Notación Mediana calculada por las tres agencias: Fitch, Moody's, Standard & Poor's, KBRA, DBRS y Morningstar

### ⁴ Notación Mediana calculada por las tres agencias: Fitch, Moody's, Standard & Poor's, KBRA, DBRS y Morningstar