AMUNDI ETF STOXX EUROPE 600 UCITS ETF

AMUNDI ETF STOXX EUROPE 600 UCITS ETF Annual report December 2016 AMUNDI’S ASSET MANAGEMENT UCITS Fund Manager: AMUNDI ASSET MANAGEMENT Delegated fun...
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AMUNDI ETF STOXX EUROPE 600 UCITS ETF Annual report December 2016

AMUNDI’S ASSET MANAGEMENT UCITS Fund Manager: AMUNDI ASSET MANAGEMENT Delegated fund accountant: CACEIS FUND ADMINISTRATION FRANCE Custodian: CACEIS BANK FRANCE Auditors: PRICEWATERHOUSECOOPERS AUDIT

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF

Contents Pages Informations about the Fund

3

Annual Report

7

Significant events during the financial period

13

Specific details

17

Regulatory informations

18

Auditor's Certification

21

Annual accounts

23

Balance Sheet

24

Balance Sheet Liabilities

25

Off-balance sheet

26

Income Statement

27

Notes to the annual accounts

28

Accouting rules and methods

29

Changes in net assets

32

Table of profit (loss) of the fund over the past five financial periods

39

Portfolio Listing

40

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Informations about the Fund Classification International equities. Determination and allocation of distributable sums Accumulation and/or distribution at the discretion of the Management Company. Tax treatment The Fund is eligible for the Plan d’Epargne en Actions ("PEA" reserved for French investors) and life insurance policies. The Fund may provide a support vehicle for life insurance policies denominated in units of account. The UCITS, by its nature, is not subject to taxation. However, unitholders may be taxed on any income distributed by the Fund or when they sell Fund units. The tax treatment applicable to amounts distributed by the Fund or unrealised or realised capital gains or losses will depend on the individual unitholder's tax situation, residence for tax purposes and/or the investment jurisdiction of the Fund. If an investor is uncertain of his or her tax position, the investor should consult a financial advisor or a professional investment consultant to determine the tax rules applicable to his or her particular situation before any investment. Some income distributed by the UCITS to unitholders residing outside France may be subject to withholding tax in France. Benchmark index The Fund’s benchmark index is the euro-denominated STOXX® Europe 600 Index with net dividends reinvested (Total Net Return). The STOXX Europe 600 Index is an "equity" index calculated and published by the international index provider STOXX Ltd. ("STOXX "). It includes the 600 leading securities of 18 European countries. The equities that make up this index cover all economic sectors and are chosen for their level of market capitalisation, their liquidity and their sector weighting. Management fees & commissions Subscription and redemption fees: 0.18% including tax. Subscription fee not retained by the Fund: None. In compliance with current regulations, this mutual fund has, during the financial period just ended, levied charges at rates which are in line with those stated in the Prospectus and set out in the paragraph “Management Fees” and use under the following headings: - Notes to the annual accounts/Management fees. - Further Details/Subscription and/or redemption fees/Management fees. Investment objective The Fund’s investment objective is to track the performance of the STOXX Europe 600 Index (see “Benchmark index” section), as closely as possible, whether the Index rises or falls. The Fund is managed so as to achieve a gap between changes in its NAV and changes in the value of the STOXX Europe 600 Index (referred to below as the “STOXX Europe 600 Index”) as small as possible. Ainsi, l’objectif d’écart de suivi (« tracking error ») maximal entre l’évolution de la valeur liquidative du Fonds et celle de l’Indice STOXX Europe 600 est de 2%. If the “tracking error” exceeds 2%, the objective would nevertheless be to remain below 15% of the volatility of the STOXX Europe 600 Index.

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Investment strategy The Fund is managed by “index tracking”. 1. Strategy employed: The Fund is managed by a technique known as “index-tracking” which aims to replicate changes in the STOXX Europe 600 Index using a swap-based replication method. To maintain the closest possible correlation with the performance of the STOXX Europe 600 Index, the Fund will buy a diversified portfolio of equities (the "Portfolio") and an over-the-counter (OTC) total return swap, a financial derivative instrument which turns the exposure to the Portfolio into an exposure to the STOXX Europe 600 Index. The Fund shall observe the investment rules stipulated in Articles R214-21, R214-22 and R214-23 the French Monetary and Financial Code. The Portfolio comprising directly held assets described in the "Assets used" section, complies with the provisions of Article R 214-21 of the French Monetary and Financial Code (CMF). The Fund's exposure to the Index achieved through the total return swap may be eligible for exemption ratios applicable to the index-tracking UCITS referred to in Article R214-22 of the French Monetary and Financial Code (CMF). That Article stipulates that an index may comprise up to 20% equities or debt securities issued by the same entity; this limit may be raised to 35% maximum for a single issuing entity, when such increase is justified by special market circumstances such as the regulated markets where some marketable securities or some money-market instruments are largely dominant. 2. Assets used (except embedded derivatives): The Fund's exposure to the Index is achieved through the total return swap. The Portfolio consists of the Fund's directly held assets described below. Equities: At least 60% of the Fund will be permanently exposed to a foreign equity market or equity markets in a number of countries, including the French market when appropriate. Up to 100% of the Fund’s net assets will be invested, subject to the legal and regulatory ratios, in international equities (any economic sector, traded on any market). The equities in the Fund’s assets will be the equities that comprise the STOXX Europe 600 Index, and other international equities, from all economic sectors, including small-cap markets. Equities in the Fund's assets will be chosen to limit costs associated with reproducing the STOXX Europe 600 Index. Over 75% of the portfolio’s value will, at all times, consist of stocks of companies registered in a Member State of the European Union, or in another State which is part of the European Economic Area (EEA) and has signed a tax convention with France that provides for administrative assistance to prevent fraud and tax evasion. This minimum level of equity exposure makes the Fund eligible for a Plan d’Epargne en Actions (French Stock Savings Plan – PEA). Interest-rate instruments: Up to 25% of the Fund’s net assets may be invested in any kind of bond instruments. Portfolio securities will be selected according to management decision and in compliance with the internal credit risk monitoring policy of the Management Company. For the purpose of stock-picking, management does not, neither exclusively nor mechanically, rely on the ratings issued by rating agencies, but bases its buy and sell convictions of a security on its own credit and market analyses. For information, management may specifically deal in securities with minimum ratings, at the time of purchase, of BBB- in the S&P and Moody’s scale ("investment grade" rating). The bond issuers selected may be from the private sector or from the public sector (national or local governments, etc.), and private sector debt may account for up to 100% of all debt instruments. Foreign debt instruments will be denominated in the currency of one of the OECD member countries.

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF In order to meet its investment objective and/or manage intermediate financial flows, the Fund may hold up to 10% of its assets in the following: Debt instruments and money-market instruments in euros: Cash flow will be managed through money-market instruments. Portfolio securities will be selected according to the best judgement of the management and in compliance with the Management Company’s internal credit risk monitoring policy. For the purpose of stock-picking, management does not - neither exclusively nor automatically - rely on the ratings issued by rating agencies, but bases its buy and sell opinion about a security on its own credit and market analyses. For information, management may specifically deal in securities with minimum ratings of AA in the S&P and Moody’s scale. The bond issuers selected may be from the private sector or from the public sector (national or local governments, etc.), and private sector debt may account for up to 100% of all debt instruments. The average maturity of these instruments will not exceed 10 years. - UCITS units or shares: The Fund may hold up to 10% of its assets in UCITS units and/or shares. These UCITS are representative of all asset classes, in compliance with the Fund's requirements. They may be UCITS managed by the Management Company, or by other entities, regardless of whether they belong to the Crédit Agricole SA Group, including related companies. 3. Derivatives: The Fund will use derivative financial instruments, including OTC total return equity swaps that swap the value of equities held by the Fund for the STOXX Europe 600 Index value. Off-balance sheet commitments are calculated by the accrual method of accounting. The Fund may take positions in the following derivatives: Type of market:  regulated  organised  over-the-counter Categories of risk in which the Fund intends to take a position:  equity risk  interest rate risk  currency risk  credit risk  other risks Nature of positions to be taken, which must be limited to those required to meet the management objective:  hedging  exposure  arbitrage  other Types of instruments used:  futures: on equities and indices  options: on equities and indices  total return swaps: on equities and indices  total return swap:  credit derivatives: credit default swaps  other

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Strategies for use of incorporated derivatives to achieve the management objective:  constructing synthetic exposure to a particular security, sector and/or to the STOXX Europe 600 Index via the use of swaps.  management of intermediate cash flows (dividends, subscriptions/redemptions, etc.) to reach the desired degree of exposure to a particular stock and/or sector and/or to the STOXX Europe 600 Index via the use of futures.  management of intermediate cash flows (dividends, subscriptions/redemptions, etc.) to reach the desired degree of exposure to a particular stock and/or sector and/or to the STOXX Europe 600 Index via the use of options. These instruments may be used to hedge up to 100% of the Fund’s net assets. 4. Securities incorporating derivatives (“embedded derivatives”): None. 5. Deposits and liquid assets: The Fund may hold up to 20% of its net assets in deposits for a maximum term of twelve months. The deposits are used for cash management purposes and help the Fund achieve its management objectives. 6. Borrowing: The Fund may temporarily, and in exceptional cases, borrow up to 10% of its net assets in order to optimise its cash-flow management. 7. Temporary acquisitions and sales of securities: None. Over-exposure of the assets: None. Total exposure to risks arising from these commitments and from open positions in real securities shall not exceed 110% of net assets. Information relating to financial guarantees (temporary purchases and sales of securities) and total return swaps (TRS) None. Overview of the procedure for choosing intermediaries / counterparties and comments The Management Company generally issues a bid tender. In this case, a comprehensive Request For Proposal (“RFP”) (total return swap and market making) was issued for a portion of the AMUNDI ETF Fund product line. For this reason, neither the Management Company nor the Delegated Fund Manager have undertaken or shall undertake, for this particular Fund, a formal competitive bidding procedure that can be tracked and monitored among counterparties for OTC derivative financial instruments, as the counterparty has already been selected during the comprehensive RFP. The Fund may carry out these transactions with BNP Paribas SA or any other Company of the BNP Paribas SA group as counterparties or intermediaries. Risk profile Equity risk Capital risk Factors that may influence the ability of the Fund to track the performance of the STOXX Europe 600 Index Credit risk Counterparty risk related to the tracking method selected Currency Risk Liquidity risk Liquidity risk in a stock market

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF

Annual Report December 2016 The fund’s objective is to track the STOXX Europe 600 index while remaining eligible for the PEA (i.e. the fund undertakes to hold 75% of its assets in PEA-eligible equities at all times). It therefore holds a basket of shares and a performance swap which turns the Fund’s equity exposure into an exposure to the STOXX Europe 600. For the period under review, the portfolio AMUNDI ETF STOXX EUROPE 600 UCITS ETF performance is 0. The benchmark performance is 0 with a tracking error of 0. Past performance is no guarantee of future performance. Movements in portfolio listing during the period Securities

Movements (in amount) Acquisitions

Transfers

ANHEUSER-BUSCH INBEV

55,593,398.25

53,611,855.60

UNILEVER

51,055,403.61

52,699,848.99

ROYAL DUTCH SHELL PLC

33,537,630.87

38,276,684.07

ING GROEP NV

37,296,514.97

31,575,517.31

BAYER

35,566,409.97

31,896,399.32

SIEMENS AG NAMEN

33,333,907.02

31,667,990.49

SAP SE

35,970,103.53

26,284,358.74

ROYAL PHILIPS

37,575,284.20

23,227,538.79

DAIMLER AG

33,533,781.44

23,820,031.64

DEUTSCHE TELEKOM AG

31,111,415.63

23,516,212.84

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Efficient portfolio management (EPM) techniques and Financial derivative instruments a) Exposure obtained through the EPM techniques and Financial derivative instruments •

Exposure obtained through the EPM techniques and Financial derivative instruments : o Securities lending : o Securities loans : o Reverse repurchase agreement : o Repurchase :



Underlying exposure reached through financial derivative instruments : 311,746,866.41 o Forward transaction : o Future : o Options : o Swap : 311,746,866.41

b) Identity of the counterparty(ies) to EPM techniques and Financial derivative instruments Identity of the counterparty(ies) to EPM techniques

Financial derivative instruments (*) BNP PARIBAS FRANCE

(*) Excepted derivative listed.

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF c) Type and amount of collateral received by the UCITS to reduce counterparty risk Types of financial instruments

Amount portfolio currency

EPM . Term Deposit . Equities . Bonds . UCITS . Cash (**) Total Financial derivative instruments . Term Deposit . Equities . Bonds . UCITS . Cash Total (**) The cash account also includes liquidity resulting from repurchase deals. d) Revenues and operational cost/fees from EPM Revenues and operational cost/fees

Amount portfolio currency

. Revenues (***) . Other revenues Total revenues . Direct operational fees . Indirects operational fees . Other fees Total fees (***) Revenues received from loans, repurchase and reverse repurchase agreements.

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Transparency of securities financing transactions and of reuse (SFTR) – Regulation SFTR – in accounting currency of the portfolio (EUR) Securities lending

Securities loan

Repurchase

Reverse repurchase agreement

Total Return Swaps (TRS)

a) Securities and commodities on loan Amount % of Net Assets* *% excluding cash and cash equivalent b) Assets engaged in each type of SFTs and TRS expressed in absolute amount Amount

311,746,866.41

% of Net Assets

99.55%

c) 10 largest collateral issuers received (excuding cash) across all SFTs and TRS

d) Top 10 counterparties expressed as an absolute amount of assets and liabilities without clearing BNP PARIBAS FRANCE FRANCE

311,746,866.41

e) Type and quality (collateral) Type - Equities - Bonds - UCITS - Notes - Cash Rating Currency of the collateral

f) Settlement and clearing Tri-party

X

Central Counterparty Bilateral

Annual Report on 12/30/16

X

X

10

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF

Securities lending

Securities loan

Repurchase

Reverse repurchase agreement

Total Return Swaps (TRS)

g) Maturity tenor of the collateral broken down maturity buckets < 1 day [1 day - 1 week] ]1 week - 1 month] ]1 month - 3 months] ]3 months - 1 year] > 1 year Open h) Maturity tenor of the SFTs and TRS broken down maturity buckets < 1 day [1 day - 1 week] ]1 week - 1 month] ]1 month - 3 months] ]3 months - 1 year]

311,746,866.41

> 1 year Open i) Data on reuse of collateral Maximum amount (%) Amount reused (%) Cash collateral reinvestment returns to the collective investment undertaking in euro j) Data on safekeeping of collateral received by the collective investment undertaking Caceis Bank France Securities Cash k) Data on safekeeping of collateral granted by the collective investment undertaking Securities Cash

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF

Securities lending

Securities loan

Repurchase

Reverse repurchase agreement

Total Return Swaps (TRS)

l) Data on return and cost broken down Return - UCITS - Manager - Third parties Cost - UCITS - Manager - Tiers

e) Type and quality (collateral) Amundi Asset Management undertakes to accept only securities of a high credit quality and to increase the value of its collateral by applying valuation discounts to securities loaned to it. This process is regularly reviewed and updated. i) Data on reuse of collateral “Cash collateral received may be reinvested by the UCI in reverse repurchase transactions or securities legally eligible as assets, namely equity securities, fixed-income products, debt securities and UCI units. Collateral securities received may be retained, sold or repledged as collateral.” The maximum proportion of received collateral that may be reused is 100% in the case of both cash and securities. k) Data on safekeeping of collateral granted by the collective investment undertaking Amundi Asset Management undertakes to do business with a limited number of depositaries, selected to ensure the adequate custody of securities received and cash. l) Data on return and cost broken down For securities lending transactions and repurchase agreements, Amundi Asset Management has entrusted Amundi Intermédiation, acting on behalf of the UCITS, with the following responsibilities : selecting counterparties, ordering the implementation of market agreements, monitoring counterparty risk, performing qualitative and quantitative monitoring of collateralisation (dispersion checks, ratings, liquid assets), repurchase agreements and securities lending. Income generated from these transactions is paid into the UCITS. Costs generated by these transactions are incurred by the UCITS. Charges by Amundi Intermédiation must not exceed 50% of the income generated by these transactions.

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Significant events during the financial period On 02 september 2016 Modification 1. Strategy employed: In order to meet its investment objective and/or manage intermediate financial flows, the Fund may hold up to 10% of its assets in the following: Debt instruments and money market instruments in euros: cash flow will be managed through money market instruments. Portfolio securities will be selected according to the best judgement of the management and in compliance with the Management Company’s internal credit risk monitoring policy. For the purpose of stockpicking, management does not - neither exclusively nor automatically - rely on the ratings issued by rating agencies, but bases its buy and sell opinion about a security on its own credit and market analyses. For information, management may specifically deal in securities with minimum ratings of AA in the S&P and Moody’s scale. The bond issuers selected may be from the private sector or from the public sector (national or local governments, etc.), and private sector debt may account for up to 100% of all debt instruments. The average maturity of these instruments will not exceed 10 years. On 02 september 2016 Modification 1. Strategy employed: Interest-rate instruments: Up to 25% of the Fund’s net assets may be invested in any kind of bond instruments. Portfolio securities will be selected according to the best judgement of the management and in compliance with the Management Company’s internal credit risk monitoring policy. For the purpose of stock-picking, management does not - neither exclusively nor automatically - rely on the ratings issued by rating agencies, but bases its buy and sell opinion about a security on its own credit and market analyses. For information, management may specifically deal in securities with minimum ratings, at the time of purchase, of BBB- in the S&P and Moody’s scale ("investment grade" rating). The bond issuers selected may be from the private sector or from the public sector (national or local governments, etc.), and private sector debt may account for up to 100% of all debt instruments. Foreign debt instruments will be denominated in the currency of one of the OECD member countries. On 02 september 2016 Modification 1. Strategy employed: Equities : At least 60% of the Fund will be permanently exposed to a foreign equity market or equity markets in a number of countries, including the French market when appropriate. Up to 100% of the Fund’s net assets will be invested, subject to the legal and regulatory ratios, in international equities (any economic sector, traded on any market). The equities in the Fund’s assets will be the equities that comprise the STOXX Europe 600 Index, and other international equities, from all economic sectors, including small-cap markets. Equities in the Fund's assets will be chosen to limit costs associated with reproducing the STOXX Europe 600 Index. Over 75% of the portfolio’s value will, at all times, consist of stocks of companies registered in a Member State of the European Union, or in another State which is part of the European Economic Area (EEA) and has signed a tax convention with France that provides for administrative assistance to prevent fraud and tax evasion. This minimum level of equity exposure makes the Fund eligible for a Plan d’Epargne en Actions (French Stock Savings Plan – PEA). On 02 september 2016 Modification 2. Assets used (except embedded derivatives): The Fund shall observe the investment rules stipulated in Articles R214-21, R214-22 and R214-23 the French Monetary and Financial Code. On 02 september 2016 Addition 2. Assets used (except embedded derivatives): The Fund is managed by a technique known as “index-tracking” which aims to replicate changes in the STOXX Europe 600 Index using a swap-based replication method. To maintain the closest possible correlation with the performance of the STOXX Europe 600 Index, the Fund will use a diversified portfolio of equities (the “Portfolio”) and an overthe-counter (OTC) total return swap, a financial derivative instrument which turns exposure to the Portfolio into exposure to the STOXX Europe 600 Index. On 02 september 2016 Modification 2. Assets used (except embedded derivatives): UCITS units or shares: The Fund may hold up to 10% of its assets in units and/or shares of UCITS. These UCITS are representative of all asset classes, in compliance with the Fund's requirements. They may be UCITS managed by the Management Company, or by other entities, which may or may not belong to the Crédit Agricole SA Group, including related companies.

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF On 02 september 2016 Addition 3. Derivatives: The Fund will use derivative financial instruments, including OTC total return equity swaps that swap the value of equities held by the Fund for the STOXX Europe 600 Index value. On 02 september 2016 Addition 7. Temporary acquisitions and sales of securities: None Total exposure to risks arising from these commitments and from open positions in real securities shall not exceed 110% of net assets. On 02 september 2016 Modification Information relating to financial guarantees (temporary purchases and sales of securities) and total return swaps (TRS): None Information relating to financial guarantees (temporary purchases and sales of securities) and total return swaps (TRS): None On 02 september 2016 Addition Risk profile: - Equity risk : The Fund is 100% exposed to the STOXX Europe 600 Index. The Fund is therefore exposed to the market risks related to fluctuations in the value of the stocks that make up the STOXX Europe 600 Index. Stock market fluctuations can lead to significant changes in net assets which can adversely affect the Fund’s NAV. The Fund's net asset value may therefore fall significantly. The Fund accordingly has a high degree of equity risk. On 02 september 2016 Addition Risk profile: - Counterparty risk related to the tracking method selected: To meet its investment objective the Fund will use OTC derivative financial instruments (including total return swaps) negotiated with credit institutions. The Fund will be exposed to the counterparty risk that results from the use of derivative financial instruments executed with a credit institution. The Fund is accordingly exposed to the risk that the credit institution in question will not be able to honour its commitments for these instruments. Default by the counterparty of a swap (or by any other issuer) may lower the Fund’s NAV. Under the current rules, however, the counterparty risk resulting from the use of swaps will be limited to 10% of the Fund’s net assets per counterparty at any time On 02 september 2016 Modification Risk profile: Liquidity risk : Trading certain securities in the STOXX Europe 600 Index may be difficult or even impossible temporarily, particularly as a result of a lack of trades in the market or regulatory restrictions. These market disruptions may cause the Fund’s net asset value to fall. On 02 september 2016 Modification Subscription and redemption: The persons wishing to acquire or subscribe units will be required to certify in writing, at the time of any acquisition or subscription of units, that they are not ‘U.S. Persons’. Any unitholder who becomes a “U.S. Person” must immediately notify the Fund's Management Company of the change. On 02 september 2016 Modification Listing and trading Fund units in the secondary market: If the stock market value of the listed Fund's units or shares significantly differs from its indicative net asset value or if the Fund's units or shares have been suspended from trading, investors may be allowed, under the conditions described below, to have their units redeemed in the primary market directly with the listed Fund without the minimum-size requirements described in the "Subscription and redemption fees (applicable solely to primary market trading)" section having to apply thereto. The Management Company shall decide whether to proceed with this type of primary market opening and on the duration of such opening, based on the criteria listed below, the analysis of which shall be used to qualify the materiality of the market disruption: Verification that the nature of the suspension or of the significant disruption of the secondary market in one of the potential stock markets is not occasional; Link between the market disruption and the traders in the secondary market (such as for example a default of all or part of the Market Makers trading in a given market or a malfunction affecting the operating or IT systems of a given stock market), by conversely excluding, the disruptions, if any, with causes external to the secondary markets of the Fund's units or shares, such as, among other things, an event affecting the liquidity and the valuation of all or part of the components of the Benchmark Index; Analysis of any other objective factor that may affect the equal treatment of the Fund's unitholders and/or their interests. As an exception to the provisions on fees mentioned in the "Subscription and redemption fees (applicable solely to primary market trading)" section, the unit redemption transactions carried out in this case in the primary market shall only be subject to a redemption fee of 1% maximum payable to the Fund and intended to cover the costs related to the transaction paid by the Fund. In such exceptional primary market opening cases, the Management Company will post on its website amundietf.com the procedure to be followed by investors wishing to redeem their units in the primary market.

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF The Management Company will also provide said procedure to the stock market operator that lists the Fund's units. On 02 september 2016 Modification Place and methods of publication or communication of the net asset value: The net asset value of each unit category is calculated and published each day when the Euronext Paris listing market is open or if one of the markets on which the Fund is listed for trading is open (in particular the Borsa Italiana, the Deutsche Börse, the London Stock Exchange and the SIX Swiss Exchange), with the exception of days upon which the markets listing the assets that make up the index are closed, provided that the orders placed on the primary and secondary markets can be covered. The net asset value of each Fund unit category is available on request to the Management Company and on its website www.amundietf.com. Furthermore on the days the NAV is published, an Indicative Net Asset Value (see “Indicative Net Asset Value” section) in euros will be published by Euronext Paris. On 02 september 2016 Addition Administrative and management fees: : Administrative and management fees will be charged directly to the Fund’s income account. The following costs may be added to the fees charged to the Fund, as detailed above: Exceptional legal costs related to recovery of the debts of the Fund; Costs related to fees payable by the Management Company to the AMF in connection with managing the Fund. On 02 september 2016 Modification IV. COMMERCIAL INFORMATION Unitholders are informed of any changes affecting the Fund in accordance with the procedures defined by the French Market Regulator (Autorité des Marchés Financiers, AMF): individual information or by any other method (financial notice, interim report, etc.). Financial notices may be published in the press and/or on the website amundietf.com in the News section. The Prospectus for the Fund, the latest annual and periodic documents, and the NAV of each category of units shall be sent, within one week, on written request from the investor to : Amundi Asset Management - Amundi ETF - 90 boulevard Pasteur - CS 21 564 - 75730 PARIS cedex 15 The Management Company provides investors with information on how the criteria for compliance with social, environmental and governance quality objectives are taken into account in its investment policy on its website at amundi.com and, in the Fund's annual report. The transparency policy is available on request from the Management Company and on its website amundietf.com and information about the asset composition of the Fund is available on request from the Management Company and on its website amundietf.com where it is published with a delay of at least three stock market days. In addition, the Management Company may directly or indirectly send the breakdown of Fund assets to unitholders who are classified as professional investors by the ACPR, the AMF or equivalent European authorities, for the sole purpose of calculating regulatory requirements under the Solvency II Directive. This data will be sent, if applicable, within a period of no less than 48 hours after publication of the net asset value. Further details are available from the Management Company and at amundietf.com. On 02 september 2016 Modification Asset valuation rules The net asset value per unit is calculated in accordance with the following valuation rules: Securities traded in a regulated market (French or foreign), are valued at market price. Market price valuation is carried out under conditions specified by the Delegated Fund Manager. Securities contributed to or held by the Fund are valued at their latest market price. Differences between the market prices used to calculate the NAV and the historic cost of the securities in the portfolio are recognised in an account “Estimation Differences”. However: Securities for which a price has not been recorded on the valuation date or for which the price has been corrected, are valued at their probable trading value as estimated by the Management Company. The Independent Auditor is informed of these valuations and their justification when conducting audits. Except in the case of major transactions, negotiable debt instruments and similar securities are valued using an actuarial method; the rate use is the rate of equivalent securities issues adjusted, when necessary, by a difference that is representative of the intrinsic features of the security issuer. However, negotiable debt instruments with a residual maturity of three months or less will be valued according to the linear method unless they are particularly volatile. The procedures for the application of these rules are set by the Delegated Fund Manager. In accordance with the instructions of the French Market Regulator (AMF), negotiable debt instruments (other than Treasury Notes) are valued as indicated below: short-term securities (3 months or less): valued at cost price, with any discount or premium spread over their remaining life; securities with more than 3 months but not more than one year to maturity: valued at the Euribor rate published in the Official List, plus or minus a margin, based on the reputation of the issuer; securities with over 1 year to maturity: valued at the equivalent BTAN rate,

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UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF plus or minus a margin, based on the reputation of the issuer. Treasury notes are valued at the market rate, provided daily by Banque de France. UCITS units or shares are valued at the last known net asset value. Securities not traded in a regulated market are valued by the Management Company at their likely trading value. Their valuation is based on their assets and yield, taking into account the prices used in recent major transactions. Transferable securities covered by a temporary disposal or acquisition contract are valued in accordance with the legislation in force, and the methods used are determined by the Management Company. Securities received under repurchase agreements are entered in the purchase portfolio as "Receivables representing securities received under repurchase agreements" at the value stipulated in the contract, plus interest receivable. However, if their maturity exceeds 3 months, these securities are valued at the current value of the contract (market value). Securities surrendered under repurchase agreements are entered in the purchase portfolio and valued at market price. Interest receivable and payable for repurchase transactions is calculated and prorated over time. Liabilities representing securities lent under repurchase agreements are posted in short portfolios at the value set forth in the agreement, plus any accrued interest due. On settlement, the interest received and paid is shown as debt revenues. However, if their maturity exceeds 3 months, these securities are valued at the current value of the contract (market value). Loaned securities are valued at market price. The consideration received for the loan is registered under “income on receivables”. Accrued interest is included in the market value of the loaned securities. Transactions on firm forward financial agreements or options traded in organised markets (French or foreign) are valued at market value according to procedures specified by the Management Company. Contracts on forward markets are valued at the settlement price. Firm forward transactions, options or currency transactions on on OTC markets as authorised under the laws and regulations governing UCITS are valued at market value or at an value according to procedures specified by the Management Company. Interest rate and/or currency swap contracts are valued at their market value based on the price calculated by discounting future cash flows (principal and interest), at the market interest rates and/or currency rates. This price is adjusted for credit risk. On 02 september 2016 Modification Prospectus updated on: 02 September 2016 Prospectus updated on: 02 September 2016

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16

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Specific details Voting rights In accordance with the Fund’s Rules and the Fund Manager’s stated policy, the Fund Manager exercises the voting rights attached to the securities held by the Fund and decides on contributions in the form of securities, except where the securities are those of the Fund Manager itself or of any associate company as defined in Art L. 444-3 of the French Labour Code (Code du Travail). Two documents, “Voting Policy” and “Report on the Exercise of Voting Rights”, prepared by the Fund Manager in compliance with the current regulations are available upon request. This mutual fund (OPC) has not been selected as one of the funds which currently exercise voting rights. Soft commissions The Fund Manager has received no “soft” commissions. Movement commission The Fund Manager has received no commissions on trade. Use of credit derivatives The Fund has not used credit derivatives during the period under consideration. Group funds Details of the financial instruments held by the Fund which are issued by the Fund Manager or its associates will be found in the Auditor’s Report for the latest financial period (enclosed herein) under the following headings of annuals accounts: • Further details. • Group financial instruments held by the Fund. Calculating overall risk • Overall risk calculation method: the mutual fund uses the commitment calculation method to calculate the mutual fund’s overall exposure to financial contracts.

Annual Report on 12/30/16

17

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Regulatory informations Financial intermediary selection procedure The Broker Selection Policy draws up and implements a policy which enables it to comply with the Fund’s obligation under Art.314-75 (iv) while meeting the requirements set out in Art L.533-18 of the French CMF. For each class of instrument, the policy selects the organizations that will be commissioned to execute orders. AMUNDI execution policy may be consulted on the AMUNDI website. Investment advice service The Fund Manager has not prepared a “Report on Brokerage Expenses” since it has not used any investment advice services. Information on environmental, social and governance quality criteria (ESG) Throughout its active management* Amundi, like the entire group, applies strict rules for the integration of extrafinancial criteria (ESG) that form the basis of its liability. Thus it: - excludes direct investment in companies involved in the manufacture or trade in antipersonnel mines and cluster munitions, in accordance with the Ottawa and Oslo Conventions - excludes firms that violate grossly and repeatedly one or more of the 10 principles of the Global Compact. Issuers falling under these two categories are rated G on Amundi's scale (scale from A to G, A being the best and G the worst). Further information on how to take Amundi's ESG criteria into account is available on its websit. *Active Management: excluding index funds and ETF constrained by their benchmark. Eligibility for PEAs (French personal equity plans) In accordance with the provisions of Article 91, section L, of the French General Tax Code, at least 75% of Fund's assets are invested at all times in the securities and rights referred to in Article L.221 31, Section I, sub-section I°, paragraphs a, b and c, of the French Monetary and Financial Code. Remuneration policy 1. Remuneration policy and practices of the AIFM/Management company The remuneration policy implemented by Amundi Asset Management (« Amundi AM ») is compliant with the rules in terms of remuneration specified in the Directive 2011/61/UE of the European Parliament and of the th Council of June 8 2011 on Alternative Investment Fund Managers (the “AIFM Directive”), and in the rd Directive 2014/91/UE of July 23 2014 on undertakings for collective investment in transferable securities (the “UCITS V Directive”). These rules, about remuneration policies and practices, have for objective to be consistent with and to promote sound and effective risk management of alternative investment fund managers and the funds they manage. This policy is incorporated within the framework of the remuneration policy of Amundi reviewed each year by its Remuneration Committee. The Remuneration Committee approved the remuneration policy in relation to the 2015 fiscal year and its compliance with the AIFM Directive principles at its meeting held on February th 10 2016. The policy applicable for the 2015 exercise has been reviewed during the Remuneration th Committee held on February 10 2016 and extended in 2016.

Annual Report on 12/30/16

18

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF

In 2016, the implementation of the Amundi remuneration policy was subject to an internal, central and independent audit, driven by the Group General Inspection. 1.1 Amounts of remuneration paid by the Management companies to its employees During fiscal year 2016, the total amount of compensation (including fixed, deferred and non-deferred bonus) st paid by Amundi AM to its employees (1 427 beneficiaries at December 31 2016) is EUR 140 990 678. This amount is split as follows: • The total amount of fixed remuneration paid by Amundi AM in 2016: EUR 102 936 282, which represents 73 % of the total amount of compensation paid by Amundi AM to its staff, were in the form of fixed remuneration. • The total amount of bonus deferred and non-deferred paid by Amundi AM in 2016: EUR 38 054 396, which represents 27% of the total amount of compensation paid by Amundi AM to its staff, were in this form. The entire staff is eligible for variable compensation. Additionally, no ‘carried interests’ was paid by Amundi AM with respect to fiscal year 2015. Of the total amount of remuneration (fixed and bonus deferred and non-deferred) paid during the fiscal year, EUR 16 043 219 were paid to the ‘executives and senior managers’ of Amundi AM (27 beneficiaries at st December 31 2016), and EUR 10 386 047 were paid to the ‘senior investment managers’ whose st professional activities have a material impact on Amundi AM’s risk profile (37 beneficiaries at December 31 2016). 1.2 Alignment of remuneration policy and practices with risk profile of the AIFs/UCITS The Amundi Group has adopted and implemented remuneration policy and practices compliant with the latest norms, rules, and guidelines issued from the regulatory authorities for its management companies (AIFM/UCITS). The Amundi Group has also identified all of its ‘Identified Staff’, which includes all the employees of the Amundi Group having a decision authority on the UCITS/AIFM management companies or the UCITS/AIFs managed and consequently likely to have a significant impact on the performance or the risk profile. The variable remuneration awarded to the Amundi Group staff takes into account the performance of the employee, its business unit and the Amundi Group as a whole, and is based on financial and non-financial criteria as well as the respect of sound risk management rules. The criteria taken into account for performance assessment and remuneration award depends on the nature of the employee’s functions: 1. Management and selection of AIFs/UCITS functions Common financial criteria: - Gross and net performance of the AIF over 1 and 3 years ; - Information ratio and Sharpe ratio over 1 and 3 years ; - Performance fees collected during fiscal year when relevant ; - Contribution to net inflows during fiscal year. Common non-financial criteria: - Respect of internal rules in terms of risk management and prevention (Risk/Compliance) ; - Product innovation ; - Sharing of best practices and collaboration between employees ; - Contribution to sales ; - Quality of management.

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19

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF 2. Sales and marketing functions Common financial criteria: - Net inflows ; - Profitability ; - Market share, development of client portfolio ; Common non-financial criteria: - Respect of internal rules in terms of risk management and prevention (Risk/Compliance) ; - Consideration of clients’ interests ; - Clients satisfaction and quality of relationship ; - Quality of management. 3. Control and support functions For control and support functions, performance assessment and remuneration award are independent from the performance of the business they oversee. Common criteria taken into account are: - Mainly criteria related to the meeting of objectives linked to their functions (risk management, quality of controls, completion of projects, tools and systems improvement etc.) - When financial criterion are used, these are mainly related to cost controls and optimization. The above-mentioned performance criteria, and specifically those applicable to Identified staff in charge of the management of AIFs/UCITS, comply with the applicable regulation as well as to the AIF’s/UCITS investment policy. These internal rules of Amundi Group contribute to a sound and effective risk management. Furthermore, Amundi Group has adopted and implemented, for its entire staff, measures aiming to align remuneration with long-term performance and risks in order to avoid conflicts of interest. In this respect, notably: - The deferral policy has been adapted to comply with the AIFM and UCITS V Directives’ requirements. - The deferred portion of bonus for identified staff members is awarded in financial instruments indexed at 100% on the performance of a basket of AIFs and/or UCITS managed. - The payment of the deferred portion is linked to the financial situation of Amundi Group, with the continued employment within the group and to a sound and effective risk management over the vesting period.

Annual Report on 12/30/16

20

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Certificate drafted by the Auditor on the annual accounts

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 21

AMUNDI ETF STOXX EUROPE 600 UCITS ETF MUTUAL FUND STATEMENT OF AUDIT REGARDING THE COMPOSITION OF ASSETS ON 30 DECEMBER 2016 In our capacity as auditor of the Fund AMUNDI ETF STOXX EUROPE 600 UCITS ETF, and in compliance with the provisions set out in article L.214-17 of the Code Monétaire et Financier and article 411-125 of the General Regulations of the AMF, we have verified the validity of the composition AMUNDI ETF STOXX EUROPE 600 UCITS ETF of assets as shown attached to this statement. The documents published were established under the responsibility of the Fund Manager. We are responsible, based on our audit, for attesting to their validity. The audit of the information contained within these documents has been carried out in accordance with the professional standards applicable in France. These standards require due diligence in order to assess the validity of this information in terms of consistency, accuracy and relevance. Such audit, limited to its objective, essentially consists of analytical procedures and interviews with the people responsible for the information published. We have no observations to make regarding the validity of the information provided in the published documents.

Neuilly sur Seine,

The auditor PricewaterhouseCoopers Audit firm

Document authenticated by electronic signature

Benjamin Moïse

PricewaterhouseCoopers Audit, SA, 63, rue de Villiers, 92208 Neuilly-sur-Seine Cedex T: +33 (o) 1 56 5758 59, F: +33 (o) 1 56 5758 60, www.pwcfr

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Annual accounts

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 23

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Balance sheet - asset in EUR Balance Sheet on 12/30/16 Portfolio : 730091 AMUNDI ETF STOXX EUROPE 600 UCITS ETF 12/30/16

12/31/15

FIXED ASSETS, NET DEPOSITS FINANCIAL INSTRUMENTS Equities and similar securities Traded in a regulated market or equivalent

314,090,817.08

143,687,272.04

314,090,817.08

143,347,349.57

314,090,817.08

143,347,349.57

Not traded in a regulated market or equivalent Bonds and similar securities Traded in a regulated market or equivalent Not traded in a regulated market or equivalent Credit instruments Traded in a regulated market or equivalent Negotiable credit instruments (Notes) Other credit instruments Not traded in a regulated market or equivalent Collective investment undertakings General-purpose UCITS and alternative investment funds intended for nonprofessionals and equivalents in other countries Other Funds intended for non-professionals and equivalents in other EU Member States General-purpose professional funds and equivalents in other EU Member States and listed securitisation entities Other professional investment funds and equivalents in other EU Member States and listed securitisation agencies

Other non-European entities Temporary transactions in securities Credits for securities held under sell-back deals Credits for loaned securities Borrowed securities Securities sold under buy-back deals Other temporary transactions Hedges

339,922.47

Hedges in a regulated market or equivalent Other hedges

339,922.47

Other financial instruments RECEIVABLES

1,374,389.96

387,201.85

1,374,389.96

387,201.85

Forward currency transactions Other FINANCIAL ACCOUNTS

16.52

Cash and cash equivalents TOTAL ASSETS

16.52 315,465,207.04

144,074,490.41

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 24

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Balance sheet - liabilities in EUR Balance Sheet Liabilities on 12/30/16 Portfolio : 730091 AMUNDI ETF STOXX EUROPE 600 UCITS ETF 12/30/16

12/31/15

SHAREHOLDERS' FUNDS Capital Allocation Report of distributed items (a) Brought forward (a) Allocation Report of distributed items on Net Income (a,b) Result (a,b) Total net shareholders' funds

260,454,952.61

109,777,168.69

71,909,795.46

13,786,707.41

562,588.07

237,075.35

-21,656,610.13

19,787,670.57

1,878,821.24

25,594.63

313,149,547.25

143,614,216.65

* Net Assets FINANCIAL INSTRUMENTS

850,269.94

Transfers of financial instruments Temporary transactions in securities Sums owed for securities sold under buy-back deals Sums owed for borrowed securities Other temporary transactions Hedges

850,269.94

Hedges in a regulated market or equivalent Other hedges PAYABLES

850,269.94 1,465,389.83

460,273.76

1,465,389.83

460,273.76

Forward currency transactions Other FINANCIAL ACCOUNTS Short-term credit

0.02 0.02

Loans received TOTAL LIABILITIES

315,465,207.04

144,074,490.41

(a) Including adjusment (b) Decreased interim distribution paid during the business year

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 25

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Off balance sheet in EUR Off-balance sheet on 12/30/16 Portfolio : 730091 AMUNDI ETF STOXX EUROPE 600 UCITS ETF 12/30/16

12/31/15

HEDGES Contracts in regulated markets or similar OTC contracts Other commitments OTHER OPERATIONS Contracts in regulated markets or similar OTC contracts Performance swap BNP 30/11/2017

311,746,866.41

143,092,353.82

Other commitments

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 26

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Income statement in EUR Income Statement on 12/30/16 Portfolio : 730091 AMUNDI ETF STOXX EUROPE 600 UCITS ETF 12/30/16

12/31/15

Revenues from financial operations Revenues from deposits and financial accounts Revenues from equities and similar securities

211.57 1,102,705.68

279,066.93

1,102,917.25

279,066.93

686.42

1.59

686.42

1.59

1,102,230.83

279,065.34

300,999.68

275,880.44

801,231.15

3,184.90

1,077,590.09

22,409.73

1,878,821.24

25,594.63

Revenues from bonds and similar securities Revenues from credit instruments Revenues from temporary acquisition and disposal of securities Revenues from hedges Other financial revenues TOTAL (1) Charges on financial operations Charges on temporary acquisition and disposal of securities Charges on hedges Charges on financial debts Other financial charges TOTAL (2)

NET INCOME FROM FINANCIAL OPERATIONS (1 - 2) Other income (3) Management fees and depreciation provisions (4)

NET INCOME OF THE BUSINESS YEAR (L.214-17-1) (1-2+3-4) Revenue adjustment (5) Interim Distribution on Net Income paid during the business year (6) NET PROFIT (1 - 2 + 3 - 4 + 5 + 6)

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 27

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Notes to the annual accounts

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 28

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Accounting rules and methods The annual accounts are presented as provided by the ANC Regulation 2014-01 repealing Regulation CRC 2003-02 as amended. General accounting principles apply, viz: - fair picture, comparability, ongoing business, - proper practice & trustworthiness, - prudence, - no unreported change in methods from one period to the next. Revenues from fixed-yield securities are recognized on the basis of interest actually received. Acquisitions and disposals of securities are recognized exclusiveof costs. The accounting currency of the portfolio is the EURO. The accounting period reported on is 12 months. Asset valuation rules: Financial instruments are initially recognized at historic cost and carried on the Balance Sheet at their current value: this is their latest known market value or, in the absence of a market, is determined by any external means or by recourse to financial models. Differences between the securities’ current values determined as above and their original historic cost are recognized in the accounts as “differences on estimation”. Securities denominated in a currency other than that of the portfolio are valued in accordance with the above principle and then converted into the currency of the portfolio at the exchange rate obtained on the valuation date. Deposit: Deposits maturing in three months or sooner are valued according to the linear method. Equities, bonds and other securities traded in a regulated market or equivalent: When calculating the NAV, the equities and other securities traded in a regulated market or equivalent are valued based on the day’s closing market price. Bonds and similar securities are valued at the closing price notified by various financial service providers. Interest accrued on bonds and similar securities is calculated up to the date of asset valuation. Equities, bonds and other securities not traded in a regulated market or equivalent: Securities not traded in a regulated market are valued by the Fund Manager using methods based on net equity and yield, taking into account the prices retained in significant recent transactions.. Negotiable credit instruments (Notes): Negotiable credit instruments which are not actively traded in significant amounts are actuarially valued on the basis of a reference rate as specified below, plus any enhancement to represent the issuer’s intrinsic characteristics: Notes maturing in one year’s time or less: euro interbank offered rate (Euribor); Notes maturing in more than one year’s time: the prevailing rate on medium-term interest-bearing Treasury notes (BTAN) or, for the longest Notes, on near-term fungible Treasury bonds (OAT); Negotiable credit instruments maturing in three months or sooner may be valued according to the linear method.

Annual Report on 12/30/16

29

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF French Treasury notes are valued using the market rate published daily by the Banque de France. UCITS held: UCITS units or shares are valued at the latest known NAV. Temporary transactions in securities: Securities held under sell-back deals are carried in Assets under “credits for securities held under sell-back deals” at the amount provided for in the contract, plus accrued interest receivable. Securities sold under buy-back deals are booked to the buying portfolio at their current value. The corresponding debt is booked to the selling portfolio at the value set in the contract plus accrued interest payable. Loaned securities are valued at their current value and carried in Assets under “credits for loaned securities” at their current value plus accrued interest receivable. Borrowed securities are carried in Assets under “borrowed securities” at the amount provided for in the contract, and in Liabilities under “debts for borrowed securities” at the amount provided for in the contract plus accrued interest payable. Hedges: Hedges traded in a regulated market or equivalent: Hedge instruments traded in regulated markets are valued at the day’s settlement price. Hedges not trades in a regulated market or equivalent: Swaps: Rate swaps and/or forward currency transactions are valued at their market value according to the price calculated by discounting future interest streams at market interest (and/or exchange) rates. This price is adjusted for default risk. Index swaps are valued actuarially on the basis of a reference rate provided by the counterparty. Other swaps are valued at their market value or are estimated as specified by the Fund Manager. Off-Balance Sheet Commitments: Firm hedging contracts are stated among “Off-Balance Sheet Commitments” at their market value at the rate used in the portfolio. Conditional hedges are converted into their underlying equivalents. Swap commitments are stated at their nominal value or at an equivalent amount, where there is no nominal value. Management fees: Management fees and running costs cover all fees relating to the UCI: financial, administrative, accounting, storage, distribution management and audit costs, etc. These fees are charged to the UCI income statement. Management fees do not include transaction fees. For more details about the fees charged to the UCI, please refer to the regulations. Management fees are recorded prorata temporis for each net asset value calculation.

Annual Report on 12/30/16

30

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF The total amount of these fees complies with the maximum fee rate of 0.18% of net assets as indicated in the fund rules. Allocation of net profit: The net profit (loss) for the period is the total of interest, arrears, premiums, allotments and dividends, plus income on ready cash, minus management fees and financial dealing costs. Latent or realised capital gains or losses are not counted as revenue; nor are subscription/redemption fees. The amounts available for distribution are the net profit for the period, plus any sums brought forward, plus or minus the balance of any revenue adjustment accounts relating to the financial period in question. Gains and losses: The net realised gains (deducted from management fees and realised losses) from the financial year will increase the same type of net realized gains from earlier financial years, if the fund hasn’t distributed or accumulated its gains and will also increase or reduce the equalization accounts for realised gains. Appropriation methods for the distributable amounts: Distributable amounts

Unit:

Allocation of the net income

Accumulation and/ or distribution and / or carry forward a decision taken by the management

Allocation of the net realized gains and losses

Accumulation and/ or distribution and / or carry forward a decision taken by the management

Annual Report on 12/30/16

31

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Changes in net asset in EUR Change in net assets on 12/30/16 Portfolio : 730091 AMUNDI ETF STOXX EUROPE 600 UCITS ETF 12/30/16 NET ASSETS IN START OF PERIOD Subscriptions (including subscription fees received by the fund) Redemptions (net of redemption fees received by the fund)

143,614,216.65

12/31/15 134,115,881.84

301,975,962.90

129,003,018.04

-136,610,079.58

-133,587,259.31

Capital gains realised on deposits and financial instruments

22,498,561.60

31,572,366.11

Capital losses realised on deposits and financial instruments

-24,152,911.06

-17,823,919.04

Capital gains realised on hedges

591,025,220.78

479,442,400.31

Capital losses realised on hedges

-600,534,612.78

-474,049,040.23

-51,135.28

-10,703.87

Dealing costs Exchange gains/losses Changes in difference on estimation (deposits and financial instruments) Difference on estimation, period N Difference on estimation, period N-1 Changes in difference on estimation (hedges)

-866,871.52

-440,080.91

16,640,156.80

-4,295,931.28

13,047,735.27

-3,592,421.53

3,592,421.53

-703,509.75

-1,190,192.41

-315,699.91

Difference on estimation, period N

-850,269.94

339,922.47

Difference on estimation, period N-1

-339,922.47

-655,622.38

801,231.15

3,184.90

313,149,547.25

143,614,216.65

Net Capital gains and losses Accumulated from Previous business year Distribution on Net Capital Gains and Losses from previous business year Net profit for the period, before adjustment prepayments Allocation Report of distributed items on Net Income Interim Distribution on Net Income paid during the business year Other items NET ASSETS IN END OF PERIOD

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 32

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF BREAKDOWN OF FINANCIAL INSTRUMENTS BY LEGAL OR COMMERCIAL TYPE Amount

%

ASSETS BONDS AND SIMILAR SECURITIES TOTAL BONDS AND SIMILAR SECURITIES CREDIT INSTRUMENTS TOTAL CREDIT INSTRUMENTS LIABILITIES TRANSACTIONS INVOLVING TRANSFER OF FINANCIAL INSTRUMENTS TOTAL TRANSACTIONS INVOLVING TRANSFER OF FINANCIAL INSTRUMENTS OFF-BALANCE SHEET HEDGES TOTAL HEDGES OTHER OPERATIONS Other TOTAL OTHER OPERATIONS

311,746,866.41

99.55

311,746,866.41

99.55

BREAKDOWN OF ASSET, LIABILITY AND OFF-BALANCE SHEET ITEMS, BY TYPE Fixed rate

%

Variable rate

%

Rate subject to review

%

Other

%

Assets Deposits Bonds and similar securities Credit instruments Temporary transactions in securities Financial accounts Liabilities Temporary transactions in securities Financial accounts

0.02

Off-balance sheet Hedges Other operations

Annual Report on 12/30/16

33

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF BREAKDOWN OF ASSET, LIABILITY AND OFF-BALANCE SHEET ITEMS, BY TIME TO MATURITY < 3 Months

]3 Months 1 Year]

%

%

]1 - 3 Years]

%

]3 - 5 Years]

%

> 5 Years

%

Assets Deposits Bonds and similar securities Credit instruments Temporary transactions in securities Financial accounts Liabilities Temporary transactions in securities Financial accounts

0.02

Off-balance sheet Hedges Other operations All hedges are shown in terms of time to maturity of the underlying securities.

BREAKDOWN OF ASSET, LIABILITY AND OFF-BALANCE SHEET ITEMS, BY LISTING OR EVALUATION CURRENCY Currency 1 CHF

%

29,756,763.06

9.50

Currency 2

%

Currency 3

%

Currency N Others currencies

Assets Deposits Equities and similar securities Bonds and similar securities Credit instruments Mutual fund units Temporary transactions in securities Liabilities Financial accounts Liabilities Transactions involving transfer of financial instruments Temporary transactions in securities Financial accounts Off-balance sheet Hedges Other operations

Annual Report on 12/30/16

34

%

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF BREAKDOWN BY ITEMS OF RECEIVABLES AND PAYABLES 12/30/16

Type Receivables

Sales deferred settlement

1,374,389.96

Total receivables Payables

1,374,389.96 Purchases deferred settlement

- 1,374,389.96

Management fees

- 90,999.87

Total of Payables

- 1,465,389.83

Total payables and receivables

- 90,999.87

SHAREHOLDERS’ FUNDS Number of units issued or redeemed Units

Value

Units subscribed during the period

4,374,261

301,975,962.90

Units redeemed during the period

-2,060,628

-136,610,079.58

Units in circulation at the end of the period

4,339,926

SUBSCRIPTION AND/OR REDEMPTION FEES Value Total of subscription and/or redemption fees received Total of subscription fees received Total of redemption fees received

MANAGEMENT FEES CHARGEABLE TO THE FUND 12/30/16 Underwriting commission Percentage set for fixed management fees Cost of functioning and management fees (fixed management fees)

0.18 300,999.68

Commission of performance (variable management fees) Trailer fees

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 35

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF COMMITMENTS RECEIVED AND GIVEN 12/30/16 Guarantees received by the fund - including capital guarantees Other commitments received Other commitments given

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 36

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF FUTHER DETAILS Stock market values of temporarily acquired securities 12/30/16 Securities held under sell-back deals Borrowed securities

Stock market values of pledged securities 12/30/16 Financial instruments pledged but not reclassified Financial instruments received as pledges but not recognized in the Balance Sheet

Group financial instruments held by the Fund Isin code

Name of security

12/30/16

Equities Bonds Notes UCITS Hedges Total group financial instruments

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 37

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF TABLE OF ALLOCATION OF THE DISTRIBUTABLE SHARE OF THE SUMS CONCERNED TO PROFIT (LOSS) 12/30/16

12/31/15

Sums not yet allocated Brought forward

562,588.07

237,075.35

Profit (loss)

1,878,821.24

25,594.63

Total

2,441,409.31

262,669.98

12/30/16

12/31/15

Allocation Distribution Brought forward

2,441,409.31

262,669.98

2,441,409.31

262,669.98

Capitalized Total

TABLE OF ALLOCATION OF THE DISTRIBUTABLE SHARE OF THE SUMS CONCERNED TO CAPITAL GAINS AND LOSSES 12/30/16

12/31/15

Sums not yet allocated Net Capital gains and losses Accumulated from Previous business year Net Capital gains and losses of the business year

71,909,795.46

13,786,707.41

-21,656,610.13

19,787,670.57

50,253,185.33

33,574,377.98

Allocation Report of distributed items on Net Capital Gains and Losses Total

12/30/16

12/31/15

Allocation Distribution Net capital gains and losses accumulated per share

50,253,185.33

33,574,377.98

50,253,185.33

33,574,377.98

Capitalized Total

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 38

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF TABLE OF PROFIT (LOSS) ANS OTHER TYPICAL FEATURES OF THE FUND OVER THE PAST FIVE FINANCIAL PERIODS 12/31/12 Net assets in EUR Number of shares/units NAV per share/unit in EUR in EUR

12/31/13

12/31/14

115,170,294.45

134,115,881.84

143,614,216.65

313,149,547.25

1,420,000

1,915,000

2,079,056

2,026,293

4,339,926

49.7400

60.1400

64.5080

70.8753

72.1555

6.80

16.56

11.57

0.11

0.12

0.56

5.39

Net Capital Gains and Losses Accumulated per share in EUR

Unit brought forward in EUR on the result

12/30/16

70,636,211.72

Net capital gains and losses accumulated per share in EUR

Net income Accumulated per share in EUR

12/31/15

-0.08

0.02

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 39

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Portfolio listing of financial instruments in EUR Name of security

Currency

Quantity

Market value

%

Equities and similar securities Listed equities & similar securitie BELGIUM ANHEUSER BUSCH INBEV SA/NV TOTAL BELGIUM FRANCE AIR LIQUIDE PF 2017

EUR

306,105

30,778,857.75 30,778,857.75

9.83 9.83

EUR

27,500

2,905,375.00

0.93

DANONE

EUR

100,000

6,020,000.00

1.92

L OREAL PRIME FIDELITE 2017

EUR

16,102

2,792,086.80

0.89

LVMH (LOUIS VUITTON - MOET HENNESSY)

EUR

15,115

2,741,861.00

0.88

ORANGE

EUR

300,000

4,330,500.00

1.38

SANOFI

EUR

50,003

3,845,230.70

1.23

SOCIETE GENERALE SA

EUR

18,237

852,488.57

0.27

TOTAL

EUR

237,956

11,593,216.32

3.70

VINCI (EX SGE) TOTAL FRANCE

EUR

150,000

9,705,000.00 44,785,758.39

3.10 14.30

GERMANY ALLIANZ SE

EUR

55,708

8,746,156.00

2.79

BASF SE

EUR

124,592

11,002,719.52

3.51

BAYER

EUR

93,149

9,233,860.37

2.95

DAIMLER AG

EUR

149,247

10,554,747.84

3.37

DEUTSCHE BANK AG

EUR

457,677

7,894,928.25

2.52

DEUTSCHE TELEKOM AG

EUR

851,035

13,918,677.43

4.44

DUERR AG

EUR

191,000

14,582,850.00

4.66

OSRAM LICHT AG

EUR

300,000

14,947,500.00

4.77

SAP SE

EUR

163,979

13,579,100.99

4.34

SIEMENS AG NAMEN

EUR

70,096

8,187,212.80

2.61

STADA AEZNEIMITTEL AG NAMEN

EUR

38,661

1,901,541.29

0.61

UNIPER SE

EUR

553,100

7,253,906.50

2.32

VOLKSWAGEN AG PRIVILIGIEE NON VTG PRF TOTAL GERMANY

EUR

129,642

17,287,760.70 139,090,961.69

5.53 44.42

NETHERLANDS AIRBUS GROUP

EUR

228,926

14,385,709.84

4.59

ASML HOLDING NV

EUR

152,124

16,224,024.60

5.18

ING GROEP NV

EUR

769,186

10,284,016.82

3.28

KONINKLIJKE AHOLD NV

EUR

267,247

5,352,957.41

1.71

NN GROUP NV

EUR

128,970

4,152,189.15

1.33

ROYAL PHILIPS TOTAL NETHERLANDS

EUR

561,313

16,278,077.00 66,676,974.82

5.20 21.29

CHF

505,000

6,882,509.33

2.20

CHF

200,000

15,550,373.13

4.96

SWITZERLAND CREDIT SUISSE GROUP SWISS PRIME SITE AG

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 40

UCITS AMUNDI ETF STOXX EUROPE 600 UCITS ETF Portfolio listing of financial instruments in EUR Name of security ZURICH FINANCIAL SERVICES TOTAL SWITZERLAND

Currency

Quantity

Market value

%

CHF

28,000

7,323,880.60 29,756,763.06

2.34 9.50

EUR

115,509

3,001,501.37 3,001,501.37

0.96 0.96

TOTAL listed equities & similar securities traded in a regulated market or equivalent

314,090,817.08

100.30

Total equities & similar securities

314,090,817.08

100.30

-850,269.94 -850,269.94

-0.27 -0.27

Total other hedges

-850,269.94

-0.27

Total hedges

-850,269.94

-0.27

1,374,389.96

0.44

-1,465,389.83

-0.47

UNITED KINGDOM ROYAL DUTCH SHELL PLC TOTAL UNITED KINGDOM

Hedges Other hedges Other swaps BNP 30/11/2017 Total Other SWAPS

EUR

311,746,866.41

Receivables Debts Financial accounts

-0.02

Net assets

AMUNDI ETF STOXX EUROPE 600 UCITS ETF

EUR

313,149,547.25

100.00

4,339,926

72.1555

-------------------------------------------------------------------------------------------------Annual Report on 12/30/16 41

Amundi Asset Management Anonymous Inc. 746 262 615 Euros. capital amount Licensed by the French Market Regulator (AMF) as a portfolio management company reg N° GP 04000036 437 574 452 RCS Paris. Registered Office social: 90, boulevard Pasteur 75015 Paris France

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