MM
Amundi Money Market Fund - Short Term EUR - DPC (D)
YTD
As of 03/18/2025
0.59%
Risk IndicatorThe level of risk of the fund mainly reflects the risk of the market in which the fund is invested and, as the case may be, the leveraging strategy or inverse performance of the index. The capital initially invested does not benefit from any guarantee. The current level of risk does not indicate the future level of risk and may change over time. The lowest risk level is not equal to a risk-free investment.
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Lower Risk
Higher Risk
The risk indicator assumes you keep the product according to the holding period.
NAV
As of 03/18/2025
€1.00
Fund AUM
As of 03/18/2025
€1.03B
SFDR ClassificationClassifying as an Article 8 fund under SFDR (Sustainable Finance Disclosure Regulation), the fund promotes environmental or social characteristics, but does not have as its objective a sustainable investment. Please refer to the Amundi Responsible Investment Policy and the Amundi Sustainable Finance Disclosure Statement available at https://about.amundi.com/legal-documentation. The decision of the investor to invest in the promoted fund should take into account all the characteristics or objectives of the fund. There is no guarantee that ESG considerations will enhance a fund’s investment strategy or performance.
Art. 8
Morningstar Rating
-
The objective of the Sub-Fund is to outperform the reference indicator "€ STR" (which is representative of the interest rate of the Euroland, i.e. the countries having fully incorporated the euro as their national currency) minus fees, by investing exclusively in money market instruments, deposits and up to 10% in money market investment funds.

NAVs

NAV from 10/17/2024 to 03/18/2025
Select period
Created with Highcharts 11.4.8Amundi Money Market Fund - Short Term EUR - DPC (D)21 Oct4 Nov18 Nov2 Dec16 Dec6 Jan20 Jan3 Feb17 Feb3 Mar17 Mar1

Performance

Change in NAV in base 100
The automatic display of returns will not be possible until the fund has a history file of over one year.
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
The automatic display of returns will not be possible until the fund has a history file of over one year.

Portfolio Analysis

Repartition 02/28/2025
Main Lines in Portfolio (Source: Amundi)
Portfolio
Maturity
Country
Instrument Group
Counterparty *
FRANCE5.94%01/03/2025FranceRepoBNP PARIBAS
FRANCE5.94%01/03/2025FranceRepoBNP PARIBAS
FRANCE4.95%01/03/2025FranceRepoLA BANQUE POSTALE
CREDIT AGRICOLE SA4.46%06/03/2025FranceMoney market-
BPCE SA4.46%10/07/2025FranceMoney market-
BANQUE FED CREDIT MUTUEL4.46%16/06/2025FranceMoney market-
SOCIETE GENERALE SA4.46%19/09/2025FranceMoney market-
BNP PARIBAS SA4.46%30/06/2025FranceMoney market-
KBC BANK NV4.43%30/05/2025BelgiumMoney market-
ING BANK NV3.96%28/11/2025NetherlandsMoney market-

Management commentary

Effective date: 02/28/2025Monetary policy:
The European Central Bank kept its intervention rates unchanged in February. The deposit facility, refinancing, and marginal lending rates remained stable at 2.75%, 2.90%, and 3.15%, respectively.
Wage growth in the eurozone eased at the end of 2024, reinforcing the likelihood of the ECB continuing to lower its rates.
Market expectations fully incorporate a new decrease of 25 basis points for next month.

Management policy:
- Liquidity:
Instant liquidity has been primarily ensured by overnight term deposit operations.
- Interest rate risk:
The weighted average maturity (WAM) of the portfolio stands at 1 day at the end of the period.
- Credit risk:
Short-term spreads remained stable at the end of the period, showing levels of €str + 14 to €str + 30 bps for maturities of 3 months to 1 year.

The weighting in negotiable debt securities at the end of the month is approximately 74% of the fund's assets. The share of O/N & Repo represents about 26% of the portfolio at the end of the month.
- Average life and average rating:
The weighted average life (WAL) of this money market category portfolio is 78 days.
The average long-term rating of the portfolio remains at a good level of AA-.
The portfolio benefits from the highest rating awarded to a money market UCITS by Fitch: AAA-mmf.

Characteristics

General data

Inception date
10/17/2024
Currency
EUR
Legal structure
Company With Variable Capital (SICAV)
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Codification

ISIN code
LU2898188987
Bloomberg code
AMSEDPC LX
Reuters code
Valuation
Daily
Minimum initial investment
1 euros
Minimum additional investment
1 thousandth unit(s)/share(s)

Costs Composition

One-off costs upon entry or exitIf you exit after 1 year
Entry costsWe do not charge an entry fee for this product.€0
Exit costsWe do not charge an exit fee for this product, but the person selling you the product may do so.€0.00
Ongoing costs taken each year
Management fees and other administrative or operating costs0.18% of the value of your investment per year. This percentage is an estimate.€0.05
Transaction costs0.02% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.€0.00
Incidental costs taken under specific conditions
Performance feesThere is no performance fee for this product.€0.00

Documents

Documentation

CategoryLanguageDocumentsClosing Date
Prices expressed in a currency other than the base currency of the portfolio are available for information purposes only.
Nothing contained in this site constitutes a solicitation or offer by any member of the Amundi to provide any investment advice or service or to purchase or sell any financial instruments. The information it contains aims to inform the subscriber by providing information on the UCITS supplemental to that appearing in the Information Memorandum. The material provided on this site is presented as of the date shown and "as is". Amundi does not expressly or impliedly warrant the accuracy of the information provided on this site and expressly disclaims any warranties of fitness of this site for any particular purpose. This material reflects the opinion of the management company at the date of printing. The material is based upon information that we consider reliable, but we do not represent it is accurate, complete, valid or timely and it should not be relied on as such for any particular purpose. Any subscription should be based solely on the Information Memorandum provided to subscribers prior to the subscription and/or available upon request.

Institutional Sub-Class (Sub-Class I): Shares of this sub-class are only available to institutionals subscribing for their own account or within the framework of a collective savings or any comparable scheme, as well as UCITS. As such this Sub-Class benefits from the reduced "taxe d abonnement" of 0,01%. The minimum investment in this Sub-Class is USD 500,000.
Classic Sub-Class (Sub-Class C): Share of this sub-class are available to all investors. There is no minimum investment requirement in this sub-class.
Source : Amundi

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