Amundi USD Floating Rate Corporate Bond ESG UCITS ETF Acc (AFLTN)

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Amundi USD Floating Rate Corporate Bond ESG UCITS ETF Acc is an exchange-traded fund that tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates TCA Index, or closely related benchmarks like the Markit iBoxx USD Liquid FRN Investment Grade Corporates 100 Index. It provides exposure to USD-denominated floating rate notes issued by investment-grade corporate borrowers from developed markets, with a strong emphasis on environmental, social, and governance (ESG) criteria to exclude non-compliant issuers. Launched in April 2015 and domiciled in Luxembourg, the ETF employs physical or synthetic replication to minimize tracking error against its benchmark, maintaining a low modified duration of around 0.05 for reduced interest rate sensitivity. With assets under management exceeding 460 million euros and a total expense ratio of 0.18%, it accumulates income rather than distributing dividends. Holdings include notes from major issuers like United Overseas Bank, HSBC, and Goldman Sachs. This ETF plays a key role in fixed income portfolios seeking stable, ESG-aligned corporate credit returns amid fluctuating rates.