# Returns (Source: Fund Admin) - Past performance does not predict future returns
## Performance evolution (rebased to 100) from 31/12/2017 to 30/12/2022* (Source: Fund Admin)
175
150
125
100
12/17
06/18
12/18
06/19
12/19
06/20
12/20
06/21
12/21
06/22
12/22
75

## Risk analysis (rolling) (Source: Fund Admin)
|  | 1 year | 3 years | 5 years |
| --- | --- | --- | --- |
| Portfolio volatility | 10.20% | 11.79% | 10.33% |
| Benchmark volatility | 12.41% | 15.88% | 13.14% |


### Volatility is a statistical indicator that measures an asset’s variations around its average value. For example, market variations of +/- 1.5% per day correspond to a volatility of 25% per year.

## Sub-Fund Statistics (Source: Amundi)

### Portfolio	Benchmark

### Modified Duration	0.851.57

### Number of Lines	225	12,509 Modified duration (in points) estimates a bond portfolio’s percentage price change for 1% change in yield
| Main Lines in Portfolio (Source: Amundi) |  |
| --- | --- |
|  | Portfolio * |
| AMUNDI GOLD STOCK-AED | 1.88% |
| A-F EMERGING MKT CORP BD-Z USD QD | 1.57% |
| ISHARES EPRA ASIA (GERMANY) | 1.50% |
| CAMECO CORP | 1.33% |
| TOTALENERGIES SE PARIS | 1.13% |
| FREEPORT MCMORAN INC | 1.12% |
| ENI SPA | 1.04% |
| RWE AG | 0.98% |
| UPM-KYMMENE OYJ | 0.93% |
| KINDER MORGAN INC | 0.93% |


### Portfolio (129.65)	Benchmark (135.63)
A : The Sub-Fund was created to absorb AMUNDI FUNDS II REAL ASSETS TARGET 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: 2014.

### 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 | Since |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Since | 31/12/2021 | 30/11/2022 | 30/09/2022 | 31/12/2021 | 31/12/2019 | 31/12/2017 | 28/03/2014 |
| Portfolio | -0.24% | -5.41% | -0.71% | -0.24% | 15.07% | 29.65% | 62.13% |
| Benchmark | 1.69% | -5.23% | 1.05% | 1.69% | 16.97% | 35.63% | 34.64% |
| Spread | -1.93% | -0.17% | -1.75% | -1.93% | -1.90% | -5.99% | 27.49% |

Calendar year performance * (Source: Fund Admin)
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | -0.24% | 21.86% | -5.35% | 12.10% | 0.51% | -5.49% | 10.65% | 4.19% | - | - |
| Benchmark | 1.69% | 24.22% | -7.40% | 19.64% | -3.08% | - | - | - | - | - |
| Spread | -1.93% | -2.36% | 2.05% | -7.54% | 3.59% | - | - | - | - | - |

* 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.

### * The main lines in portfolio are presented except money market

Translation (ENES, 2022-12-31):
# Rentabilidades (Fuente: Fund Admin) - El rendimiento pasado no garantiza los resultados futuros
## Evolución de la rentabilidad (base 100) * (Fuente: Fund Admin)
175
150
125
100
12/17
06/18
12/18
06/19
12/19
06/20
12/20
06/21
12/21
06/22
12/22
75

## Indicadores de Riesgo (Fuente : Fund Admin)

### 1 año	3 años  5 años

### Volatilidad de la cartera	10,20% 11,79% 10,33%

### Volatilidad del índice	12,41% 15,88% 13,14% La volatilidad es un indicador estadístico que mide la amplitud de las variaciones de un activo respecto a su

### media. Ejemplo: unas variaciones diarias de +/- 1,5% en los

### mercados corresponden a una volatilidad anual del 25%.

## Indicadores (Fuente : Amundi)

### Cartera  Índice

### Sensibilidad	0,85	1,57

### Número de líneas en cartera	22512 509 La sensibilidad (en puntos) representa el cambio porcentual del precio para una evolución del 1% del tipo de referencia

### Cartera (129,65)	Índice de referencia (135,63)
A : El Compartimiento se creó para absorber AMUNDI FUNDS II REAL ASSETS TARGET 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: 2014.

### 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 | Desde el |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Desde el | 31/12/2021 | 30/11/2022 | 30/09/2022 | 31/12/2021 | 31/12/2019 | 31/12/2017 | 28/03/2014 |
| Cartera | -0,24% | -5,41% | -0,71% | -0,24% | 15,07% | 29,65% | 62,13% |
| Índice | 1,69% | -5,23% | 1,05% | 1,69% | 16,97% | 35,63% | 34,64% |
| Diferencia | -1,93% | -0,17% | -1,75% | -1,93% | -1,90% | -5,99% | 27,49% |

Rentabilidades anuales * (Fuente: Fund Admin)
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cartera | -0,24% | 21,86% | -5,35% | 12,10% | 0,51% | -5,49% | 10,65% | 4,19% | - | - |
| Índice | 1,69% | 24,22% | -7,40% | 19,64% | -3,08% | - | - | - | - | - |
| Diferencia | -1,93% | -2,36% | 2,05% | -7,54% | 3,59% | - | - | - | - | - |

* 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.

## Principales posiciones (Fuente : Amundi)

### Cartera *

### AMUNDI GOLD STOCK-AED	1,88% A-F EMERGING MKT CORP BD-Z USD QD	1,57% ISHARES EPRA ASIA (GERMANY)	1,50%

### CAMECO CORP	1,33%

### TOTALENERGIES SE PARIS	1,13%

### FREEPORT MCMORAN INC	1,12%

### ENI SPA	1,04%

### RWE AG	0,98%

### UPM-KYMMENE OYJ	0,93%

### KINDER MORGAN INC	0,93%

### * Las principales líneas de la cartera se presentan excluyendo los instrumentos del mercado monetario.