Amundi Prime USA Fund

Fund Description

To track the performance of Solactive GBS United States Large & Mid Cap Index (the "Index"), and to minimize the tracking error between the net asset value of the sub-fund and the performance of the Index.

Key Features

• 1

  Broad exposure to US large- and mid-cap equities

  The fund tracks the Solactive GBS United States Large & Mid Cap Index, an equity index representative of large- and mid-cap securities listed and traded in the United States. It holds 417 stocks with 100% exposure to the US market. The top 10 holdings account for 39.40% of the index and are led by NVIDIA (8.21%), Apple (6.54%) and Microsoft (5.23%). By sector, Information Technology dominates at 35.63%, followed by Financials at 11.91% and Communication Services at 11.35%.

• 2

  Low cost with precise index tracking

  Ongoing management fees and other administrative or operating costs are just 0.05% of the investment value per year. Transaction costs add an estimated 0.02% per year, and there is no performance fee. The fund has tracked its benchmark very closely, with an ex-post tracking error of 0.10% over one year and 0.12% over three years. This shows up in returns too — over one year the portfolio returned 27.32% on a bid-to-bid basis against 27.30% for the benchmark, and it holds a Morningstar Overall Rating of 4.

• 3

  Accumulating SICAV with daily dealing and CPF/SRS access

  The fund is a Luxembourg-domiciled, UCITS-compliant SICAV managed by Amundi Luxembourg S.A., with Amundi Asset Management as investment manager. This SGD share class accumulates income (reinvested rather than paid out) and has been running since its inception on 8 March 2022. The NAV is calculated daily using forward pricing, with redemptions settling on a D+2 basis and no exit charge. It is available under the CPF Investment Scheme – Ordinary Account (classified Higher Risk – Narrowly Focused – Country – USA), with a 0% front-end load for CPF-OA monies versus a maximum 4.50% front-end load for cash and SRS.

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