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G E N ER GY S O LUT ION
I ndustry C apital G oods South Korea 1 .88 %
N EXTR AC KER INC C L A I ndustry C apital G oods United States 1 . 77%
What w as the proportion of sustaina b ilit y- related in v est m ents ?
The fund invested 69.99% in su stainability-related investments. z What w as the asset allocation ? A sset allocation describes the share of investments in specific assets.
The category # 1 A li g ned w ith E/S characteristics includes the investments of the financial product used to attain the environmental or social characteristics promoted by the financial product . # 2 Other includes the remaining investments of the financial product which are neither aligned with the environmental or social characteristic s, nor are qualified as sustainable investments. The category # 1 A li g ned w ith E/S characteristics co v ers : - The sub - category # 1A S ustaina b le covers environmentally and socially sustainable investments. - The sub - category # 1 B Other E/S characteristics covers investmen ts aligned with the environmental or social chara cteristics that do not qualify as sustainable investments.
Investments
#1 Sustainable 69.99% #1 Aligned with E/S characteristics 99.70%
Other environmental 47.83%
Taxonomy-aligned 16.75%
Social 5.41% #2 Other 0.30%
#1B Other E/S characteristics 29.70%
Page 2087
AMUNDI MSCI NEW ENERGY UCITS ETF
2087 Annual report - Year ended: 31/10/2025
ͻ In which economic sectors were the investments made?
Sector S ub -sector % of of assets
Industry Capital Goods 39.88%
Utilities Electric utilities 32.71%
Information technologies Technology, Hardware and Equipment
9.43%
Materials Chemicals 4.80%
Information technologies Semi - conductors & Manufacturing equipment
4.62%
Materials Metals and mining. 4.06%
Utilities Independent electricity and renewable electricity producers 3.93%
Consumer discretionary Automobiles & Components 0.27%
Forex Forex 0.00%
Other Other 0.00%
Cash and cash equivalents Cash and cash equivalents 0.31%
Taxonomy - aligned activities are expressed as a share of : - turno v er to reflect the share of revenue from green activities of
To w ha t extent were s u s t ai n a b l e i n v e s tment s w i t h a n en vi ronment al obje c t iv e alig ne d w i t h t h e EU T a xonomy? The fund pr o m o tes b o th envir o nmental and s oc ial c hara c teristi c s. A lth o u g h the fund is n o t co mmitted t o makin g investments ali g ned w ith the EU ta xo n o my, it invested 16. 75 % in sustainable investments ali g ned w ith the EU ta xo n o my durin g the peri o d under revie w , w hi c h co ntributed t o the c limate c han g e miti g ati o n o bje c tives o f the EU ta xo n o my. The ali g nment o f investee co mpanies w ith the ab o ve-menti o ned EU Ta xo n o m y o bj bj e c tives is measured
Page 2088
AMUNDI MSCI NEW ENERGY UCITS ETF
2088 Annual report - Year ended: 31/10/2025
investee companies ;
usin g turn o ver ( o r revenue) and /o r the use o f g reen b o nd pr oc eeds.
7KHSHUFHQWDJHDOLJQPHQWRIWKHIXQG¶VLQYHVWPHQWVZLWKWKH(8 7D[RQRP\KDVQRWEHHQYHULILHGE\ WKHIXQG¶VDXGLWRUVRUE\DWKLUGSDUW\
- capital e x penditure ( C apEx) showing the green investments made by investee companies, e.g. for a transition to a green economy ; - operational e x penditure ( O pEx) reflects the green operational activities of investee companies.
z Does the financial product invest in fossil ga s and/or nuclear energy related activities that comply with the EU taxonomy 1 ?
Y es:
I n fossil gas I n n u clear energy
N o
1 Fossil gas and/or nuclear related activities will only comply with the EU Taxonomy where they FRQWULEXWHWROLPLWLQJFOLPDW HFKDQJH³FOLPDWHFKDQJHPLWLJDWL RQ´DQGGRQRWVLJQLILFDQWO\KDUPDQ\ EU Taxonomy objective - see explanator y note in the left hand margin. The full criteria for fossil gas and nuclear energy economic activities that comply with the EU Taxonomy are laid down in Commission Delegated Regulation (EU) 2022/1214.
The graphs b elow show in green the percentage of investments that were aligned with the EU Taxonomy . As there is no appropriate methodology to determine the taxonomy - alignment of sovereign b onds*, the first graph shows the Taxonomy alignment in relatio n to all the investments of the financial product including sovereign b onds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign b onds .
1 . T axonomy - alignment of investments includin g so vereign bonds * 2 . T axonomy - alignment of investments excl u ding sovereign bonds * Tu rnover C apEx O pEx
Tu rnover C apEx O pEx
OpEx CapEx Turnover OpEx CapEx Turnover Ƶ O ther investments 7 8 . 4 7% 77 . 77% 79 . 6 0 % Ƶ O ther investments 7 8 . 7 0 % 7 8 . 05 % 79 . 8 6%
Ƶ T axonomy aligned: fossil gas
0.64% 0.00% 0.00% Ƶ T axonomy aligned: fossil gas
0.64% 0.00% 0.00%
Ƶ T axonomy aligned: n u clear 0.00% 0.00% 0.00% Ƶ T axonomy - aligned: n u clear 0.00% 0.00% 0.00% Ƶ T axonomy aligned [excl u ding gas & n u clear]
20.89% 22.23% 20.40% Ƶ T axonomy - aligned [excl u ding gas & n u clear]
20.6 5 % 21.9 5 % 20.14%
T his graph represents 99 . 6% of all investments. * &ŽƌƚŚĞƉƵƌƉŽƐĞƐŽĨƚŚĞƐĞŐƌĂƉŚƐ͕ Ɛ͕͚ƐŽǀĞƌĞŝŐŶďŽŶĚƐ͛ĐŽŶƐŝƐƚŽĨ ĂůůƐŽǀĞƌĞŝŐŶĞdžƉŽƐƵƌĞƐ͘
Enabling activities directly enable other activities to ma k e a s u bstantial contrib u tion to an environmental objective.
What was the share of investmen ts made in transitional and ena b ling activities?
U sing data relating to t u rnover and / or the u se of green bond proceeds as an indicator, 0 . 00 % of the ĨƵŶĚ͛Ɛ ŝŶǀĞƐƚŵĞŶƚƐ ǁĞƌĞ ŝŶ ƚƌĂŶƐŝƚŝŽŶĂů ĂĐƚŝǀŝƚŝĞƐ ĂŶĚ ϭϯ͘Ϭϵй ǁ ĞƌĞ ŝŶ ĞŶĂďůŝŶŐ ĂĐƚŝǀŝƚŝĞƐ ĂƐ Ăƚ ϯϭͬϭϬͬϮϬϮϱ͘dŚĞƉĞƌĐĞŶƚĂŐĞĂůŝŐŶŵĞŶƚŽĨ ƚŚĞ ĨƵŶĚ͛ƐŝŶǀĞƐƚŵĞŶ ts with the E U T axonomy has not ďĞĞŶǀĞƌŝĨŝĞĚďLJƚŚĞĨƵŶĚ͛ƐĂƵĚŝƚŽƌƐŽƌďLJĂƚŚŝƌĚƉĂƌƚLJ͘
Page 2089
AMUNDI MSCI NEW ENERGY UCITS ETF
2089 Annual report - Year ended: 31/10/2025
How did the percentage of investments that were aligned with the EU Ta Taxonomy compare with previous reference periods?
A t the end of the previous period : the percentage of investments aligned with the T axonomy was 1 5 . 6 4% . T ran s itional acti v itie s are econo m ic acti v itie s for which low car b on alternatives are not yet availa b le and that have greenhouse gas emission levels corresponding to the b est possi b le performance.
are sustaina b le investments with an environmental o bj ective that do not take into account the criteria for environmentally sustaina b le economic activities under R egulation (EU) 2020/8 5 2 .
W hat wa s the s hare o f s u s taina b le in v e s t m ent s with an en v iron m ental o b jecti v e that were not ali g ned with the EU T axono m y? The share of sustaina b le investments with an environmental o bj ective not aligned with the Taxonomy was 47 .83 % at the end of the period. This is b ecause certain issuers are considered sustaina b le investments under the SFD R , b ut some of their activities are not aligned with Taxonomy standards, or data is not yet availa b le to perform the necessary assessment.
W hat wa s the s hare o f s ocially s u s taina b le in v e s t m ent s ?
The share of socially sustaina b le investments was 5. 4 1 % at the end of the period.
tŚĂƚŝŶǀĞƐƚŵĞŶƚƐǁĞƌĞŝŶĐůƵĚĞĚƵŶĚĞƌ͞ŽƚŚĞƌ͕͟ǁŚĂƚǁĂƐƚŚĞŝƌƉƵ ƌƉŽƐĞĂŶĚǁĞƌĞƚŚĞƌĞ any m ini m u m en v iron m ental or s ocial s a f e g uard s ?
Cash and / or other instruments held to manage liquidity and portfolio ris k s have b een included ŝŶƚŚĞĐĂƚĞŐŽƌLJ͞ηϮKƚŚĞƌ͘͟&ŽƌƵ ŶƌĂƚĞĚďŽŶĚƐĂŶĚĞƋƵŝƚŝĞƐ͕ŵŝŶ ŝŵƵŵĞŶǀŝƌŽŶŵĞŶƚĂůĂŶĚƐŽĐŝĂů safeguards are ensured b y filtering controversies against the principles of the U nited Nations G lo b al Compact. Furthermore, minimum environmental or social safeguards have not b een defined.
Page 2090
AMUNDI MSCI NEW ENERGY UCITS ETF
2090 Annual report - Year ended: 31/10/2025
What actions have been taken to meet the environmental and/or social characteristics during the reference period?
This product is passively managed. Its investment strategy consists of replicating the benchmar k while minimising the associated trac k ing error. The binding elements of the index methodology ensure that the environmental and/or social characteristics are respected at each rebalancing ĚĂƚĞ͘ dŚĞ ƉƌŽĚƵĐƚ͛Ɛ ƐƚƌĂƚĞŐLJ ŝƐ ĂůƐŽ ďĂƐĞĚ ŽŶ ƐLJƐƚĞŵĂƚŝĐ ĞdžĐůƵƐ ŝŽŶ ƉŽůŝĐŝĞƐ ;ŶŽƌŵĂƚŝǀĞ ĂŶĚ ƐĞĐƚŽƌĂůͿĂƐĚĞƐĐƌŝďĞĚŝŶŵŽ ƌĞĚĞƚĂŝůŝŶŵƵŶĚŝ͛ƐƌĞƐƉŽŶƐŝďůĞŝ ŶǀĞƐƚŵĞŶƚƉŽůŝĐLJ͘
Ho w did this financial product perfor m co m pared to the b ench m ark inde x?
R eference b ench m arks are indexes to measure whether the financial product attains the environmental or social characteristics they promote.
This product is passively managed. Its investment strategy consists of replicating the benchmar k while minimising the associated trac k ing error. How does the reference benchmark diffe fer from a broad market index? ³7KH5HIHUHQFH,QGLFDWRUD LPVWRUHSUHVHQWWKHSHUIRUPDQFHRIV HFXULWLHVZKRVHDFWLYLWLHVDUHOLQNHG t o the devel o pment o f ne w pr o du c ts and servi c es in the se c t o rs o f alternative ener g y s o ur c es, ener g y effi c ien c y, batteries and smart g rid te c hn o l og ies. It e xc ludes co mpanies that are la gg in g behind in envir o nmental, s oc ial and go vernan c e (ESG) terms co mpared w ith the themati c universe, n o tably EDVHGRQDQ(6*UDWLQJ´
H How did this financial product perform with regard to the sustainability indi dicators to determine the alignment of the reference benchmark with the environmental or social characteristics promoted? This product is passively managed. Its investment strategy consists of replicating the benchmar k ǁŚŝůĞŵŝŶŝŵŝƐŝŶŐƚŚĞĂƐƐŽĐŝĂƚĞĚƚƌĂ ĐŬŝŶŐĞƌƌŽƌ͘ƐĂƌĞƐƵůƚ͕ ƚŚ ĞƉƌŽĚƵĐƚ͛ƐƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶĚŝĐĂƚŽƌƐ are broadly in line with those of the benchmar k .
How did this financial product perform compared to the reference benchmark?
This product is passively managed. Its investment strategy consists of replicating the benchmar k ǁŚŝůĞŵŝŶŝŵŝƐŝŶŐƚŚĞĂƐƐŽĐŝĂƚĞĚƚƌĂ ĐŬŝŶŐĞƌƌŽƌ͘ƐĂƌĞƐƵůƚ͕ ƚŚ ĞƉƌŽĚƵĐƚ͛ƐƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶĚŝĐĂƚŽƌƐ performed broadly in line with the benchmar k . How did this financial product perform compared with the broad market index? This product is passively managed. Its investment strategy consists of replicating the benchmar k while minimising the associated trac k ing error. A comparison of the index replicated by the product ĂŐĂŝŶƐƚŝƚƐƉĂƌĞŶƚŝŶĚĞdžŝƐ ĚĞƚĂŝůĞĚŝŶƚŚĞƐĞĐƚŝŽŶ͞,ŽǁĚŝĚƚŚ ĞƐƵƐƚĂŝŶĂďŝůŝƚLJŝŶĚŝĐĂƚŽƌƐƉĞƌĨŽƌŵ͍͘͟
Page 2091
ANNUAL REPORT - 31/10/2025
Subfund of the Sicav Multi Units France
Management company
AMUNDI ASSET MANAGEMENT
Delegated management accounting title
SOCIETE GENERALE
Custodian
SOCIETE GENERALE
Statutory auditor
DELOITTE & ASSOCIES
AMUNDI OPPORTUNITES DIVERSIFIES
MONDE
Page 2092
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2092 Annual report - Year ended: 31/10/2025
None.
Subfund life on the year under review
Page 2093
2093 Annual report - Year ended: 31/10/2025
Between October 2024 and October 2025, financial markets evolved in a mixed environment, marked by a gradual easing of monetary policies, inflation still persistent in certain sectors, and ongoing geopolitical tensions. At the beginning of the period, investors were dominated by expectations regarding central banks. The U.S. Federal Reserve initiated a rate-cutting cycle, which supported risk assets and improved market sentiment. Meanwhile, the European Central Bank also adjusted its monetary policy, but in a context of still high service sector inflation and budgetary vulnerabilities in some eurozone countries. This divergence in pace between the two institutions led to notable movements in currencies, with the dollar generally strengthening before stabilizing during the second half of the period. Equity markets posted good performances over the entire period. Rate cuts, corporate earnings resilience, and enthusiasm around technologies related to artificial intelligence supported the indices, particularly in the United States. Emerging markets also benefited from renewed interest, thanks to global monetary easing and better visibility on growth. Nevertheless, volatility remained present, especially during episodes of trade and political tensions, which regularly reminded investors of valuation vulnerabilities. In the bond market, the year was marked by significant movements in sovereign yields. Yields initially rose in response to higher-than-expected inflation figures, before gradually easing with the normalization of monetary policies. Sovereign spreads within the eurozone widened at times, particularly for heavily indebted countries, revealing increased sensitivity to national budget announcements. At the same time, the growing role of non-bank investors - such as funds and insurers - contributed to a more complex and sometimes more volatile market dynamic. In the currency and commodity segments, the dollar remained a safe-haven currency, benefiting from geopolitical tensions and the interest rate differential. The euro periodically suffered from lower growth prospects and budgetary concerns. Gold, for its part, continued to play its role as a safe haven, supported by global uncertainty and expectations of lower rates, which reduce its opportunity cost. Energy commodities experienced occasional increases linked to geopolitical episodes, sometimes fueling inflation fears. The period was also marked by a rise in structural financial risks: high valuations across many segments, sovereign debt fragility in some countries, and increased market exposure to non-bank actors whose behaviors can amplify cycles. Despite a relatively favorable market climate, these factors highlight the need for increased vigilance. In this context, the fund posted a solid performance of 10.3% over the period. The fund indeed closely followed the rise in equity markets during the period thanks to a higher allocation to equities than to bonds. The fund also placed significant emphasis on diversification in a market strongly dominated by the theme of Artificial Intelligence and the significant weight of this theme in U.S. indices. The fund therefore diversified its investments by seeking cheaper markets such as emerging markets (India, China) and Europe through the banking sector.
From october 2024 to october 2025, the performance of the is 10,30%.
Capi share
The performance achieved over the period does not prejudge the future results of the UCI.
Capi share
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
Management report
Page 2094
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2094 Annual report - Year ended: 31/10/2025
Main movements in the portfolio during the year
Transparency of securities financing transactions and the reuse of financial instruments under the SFTR regulation (in the UCI’s accounting currency) Over the course of the reporting period, the UCI was not involved in any transactions governed by the Securities Financing Transactions Regulation (SFTR).
Securities
Movements (“Accounting currency”)
Acquisitions Transfers
AMUNDI DIVERSIFIES MONDE Z 5 551 373,68 5 694 616,83
Page 2095
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2095 Annual report - Year ended: 31/10/2025
• The legal documentation of the Fund shall provide that it is invested in full and on a permanent basis in shares (or shares where appropriate) of its master UCI and shall indicate, as indirect costs, the maximum rates of subscription and redemption fees, as well as the management costs of that master UCI. In accordance with the regulations and over the past period, the master UCI has in practice submitted rates in accordance with those mentioned in the information notice and included in the paragraph “Management fees”.
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: - 3. Further details - 3.9.3. Group financial instruments held in the portfolio in the annual financial statements for the year ended, attached below.
Calculation of overall risk
• Method for calculating the amount committed Futures are recognised at their market value as off-balance sheet commitments, at the settlement price. Options are converted into their underlying equivalent. OTC interest rate swaps are valued on the basis of the nominal value, plus or minus the corresponding estimation difference.
Voting right As the compartment is feeder (i.e. invested in full and on a permanent basis in shares of a single master CIU, and as an ancillary liquidity measure), it is the voting policy of its master fund that should be considered. You can refer to this policy and the related exercise of voting rights report on the website of the collecting society: www.amundi.com, under the heading ‘about Amundi’.
Swing Pricing Swing pricing is an adjustment to a UCI's net asset value (NAV). If a UCI experiences a large volume of purchases and redemptions, swing pricing can raise or lower the NAV in response to changes in the net balance of purchases/redemptions, protecting current investors against dilution generated by portfolio adjustment costs. Swing pricing is executed by varying the allocation of costs between current investors on the one hand and incoming and outgoing investors on the other. The UCI's existing investors do not incur additional costs from the use of swing pricing. The portfolio adjustment costs (transaction fees, taxes, liquidity costs, etc.) related to purchases/redemptions are incurred by incoming and outgoing investors trading in large volumes. This protects the interests of the UCI's existing investors as the dilution impact from large purchase/redemption volumes is mitigated. The use of swing pricing does not change the terms of the purchases/redemptions. The swing pricing method used by Amundi Group is based on a pre-determined threshold : Swing pricing is applied on the NAV only when the net balance of purchases/redemptions reaches this threshold. If the threshold is reached, the NAV is ‘swung’; i.e. it is adjusted by a predefined adjustment factor, known as the ‘swing factor’. The NAV is adjusted upwards in the event of positive net inflows (purchases > redemptions) and downwards in response to negative net inflows (redemptions > purchases). The threshold and the adjustment factor for the NAV are determined by the Fund Manager, and are reviewed at least on a quarterly basis. Due to the use of swing pricing, a UCI's volatility may not solely be a function of the assets held in the portfolio.
Specific information
Page 2096
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2096 Annual report - Year ended: 31/10/2025
Knowledge of parameters or information that could influence the use of swing pricing can generate situations of conflict of interest. This is taken into account in Amundi's conflict of interest risk mapping framework. To protect the interests of investors, these parameters are confidential and non-disclosable.
SFDR Regulations and Taxonomy: Article 6 Given the focus of the investments in which they invest, the Managers of funds that are not classified as covered by Article 8 or Article 9 of Regulation (EU) 2019/2088 on sustainability ‐ related disclosures in the financial services sector (known as the “Disclosure Regulation”), have not incorporated the consideration of environmentally sustainable economic activities into the fund's investment process. It should therefore be noted that the investments underlying this financial product do not take account of the European Union’s criteria for environmentally-sustainable economic activities. Throughout the reporting period, the fund took into consideration Indicator 14 contained in the Principal Adverse Impacts* (as defined by said Regulation (EU) 2019/2088) via Amundi’s minimum standards and exclusion policy on controversial weapons, which excludes issuers involved in the manufacture, sale, or storage of, or services related to, anti-personnel mines and cluster bombs banned by the Ottawa Treaty and the Oslo Accords, as well as issuers involved in the production, sale, or storage of chemical, biological, and depleted uranium weapons, in accordance with Amundi’s global responsible investment policy.
*In French, “Principales Incidences Négatives”
Page 2097
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2097 Annual report - Year ended: 31/10/2025
Broker and counterparty selection procedure Our Asset Manager and its “Trading” subsidiary attach great importance to the selection of our transaction service providers, both in terms of brokers and counterparties. Its selection methods are as follows: - Brokers are selected by geographical area, then by business line. Counterparties are selected by sector. - Brokers and counterparties are given a quarterly internal rating. The divisions of our company involved in the rating process are directly concerned by the services provided by brokers and counterparties. Our company's "Trading" subsidiary organises and determines this rating on the basis of scores given by each team manager concerned according to the following criteria: For teams of portfolio managers, financial analysts, and strategists: - General business relationship, understanding of needs, relevance of contacts, - Quality of market and opportunity advice, following of this advice, - Quality of research and publications, - Investment universes covered, on-site meetings with companies and their management teams. For trader teams: - Quality of staff, market knowledge, and information about companies, confidentiality, - Price quote, - Quality of execution, and - Quality of transaction processing, connectivity, technical expertise, and responsiveness. Our company's 'Compliance' and 'Middle Office' divisions have veto power. Accreditation of a new transaction service provider (broker or counterparty) The “Trading” subsidiary is responsible for researching a provider’s accreditation and obtaining approval from the Risk and Compliance divisions. Once the transaction service provider (broker or counterparty) has been approved, it is rated during the following quarter. Oversight committees for transaction service providers (brokers and counterparties) These oversight committees meet every quarter, under the aegis of the Head of the “Trading” subsidiary. Their objectives are as follows: - Approve the services provided during the period under review and the new providers selected for the following quarter, - Decide which service providers will belong to a group that will be entrusted with a certain number of transactions, - Define prospects for business. With this in mind, the oversight committees review statistics and ratings assigned to each service provider and make the resulting decisions.
Brokerage Fee Report A brokerage fee report is made available to unitholders, and can be consulted online at: www.amundi.com.
Act on Energy and Climate (Article 29 of Act No. 2019-1147) and Compliance by the OPC with Environmental, Social and Governance Quality Objectives (ESG) criteria Amundi produces an ESG analysis that generates an ESG rating for over 20,000 companies worldwide 1 on a scale ranging from “A” (for issuers with the best ESG practices) to “G” (for the worst ESG practices). The ESG score obtained measures an issuer’s ESG performance: ability to anticipate and manage sustainability risks along with the potential negative impact of its activities on sustainability factors. This analysis is complemented by a policy of active commitment among issuers, in particular on major challenges regarding sustainable development within their sectors.
Regulatory information
Page 2098
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2098 Annual report - Year ended: 31/10/2025
As part of its fiduciary responsibility, Amundi has set minimum standards and exclusion policies for critical sustainability issues 2 . The Minimum Standards and Exclusion Policy apply to actively-managed portfolios and passive ESG portfolios, and are always in compliance with applicable laws and regulations. For passive management, the exclusion policy is applied differently between ESG and non-ESG products 3 : - For passive ESG funds: All ESG ETFs and ESG index funds apply Amundi’s Minimum Standards and Exclusion Policy, - For passive non-ESG funds: The fiduciary duty consists in replicating an index as faithfully as possible. Limited flexibility is thus afforded to the portfolio manager, who is required to comply with the contractual objectives such that the passive management is entirely in line with the requested benchmark index. Since Amundi’s index funds/ETFs replicate standard (non-ESG) benchmarks, they do not apply systematic exclusions beyond those imposed by the regulations. Normative exclusions related to international conventions: - anti-personnel mines and cluster munitions 4 , - chemical and biological weapons 5 - violation of the principles of the United Nations Global Compact66 Issuers that seriously and repeatedly violate one or more of the ten principles of the United Nations Global Compact without taking credible corrective action Sectoral exclusions: - nuclear weapons, - depleted uranium weapons, - thermal coal 7 , - unconventional hydrocarbons (exploration and production representing more than 30% of turnover) 8 , - tobacco (whole tobacco products generating more than 5% of a company’s turnover). Concerning the sectoral exclusion policies: • Thermal coal Since 2016, Amundi has implemented a special sectoral policy leading to the exclusion of certain companies and issuers. Amundi has strengthened its coal exclusion policy (rules and thresholds) every year since 2016, as its phase out (between 2030 and 2040) is essential to achieve the decarbonisation of our economies. These commitments stem from the Crédit Agricole Group’s climate strategy. Amundi excludes: - Mining, utilities, and transport infrastructure companies that develop thermal coal projects, have an authorisation and are in the construction phase, Companies whose thermal coal projects are at earlier development stages, including those that have been announced or proposed, or that have been pre-authorised, are monitored on a yearly basis. With respect to mining, Amundi excludes: – Companies that generate more than 20% of their income from thermal coal mining, – Companies that extract 70 million tonnes or more of thermal coal annually. For companies deemed too exposed to be able to exit from thermal coal at an appropriate pace, Amundi excludes: - All companies that generate more than 50% of their turnover from the extraction of thermal coal and the production of electricity from thermal coal, - All companies that generate between 20% and 50% of their turnover from thermal coal-based electricity generation and thermal coal extraction, and have an insufficient transition track 9 . • Unconventional hydrocarbons Investing in companies that are highly exposed to fossil fuels entails increasing social, environmental, and economic risks. Unconventional oil and gas exploration and production are exposed to acute climatic risks. This policy applies to all active management strategies and all passive ESG strategies on which Amundi practices discretionary management. Amundi excludes:
Page 2099
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2099 Annual report - Year ended: 31/10/2025
- Companies whose activity related to the exploration and production of unconventional hydrocarbons represents more than 30% of turnover. • Tobacco Amundi penalises issuers exposed to the tobacco value chain by limiting their ESG rating, and has implemented an exclusion policy for cigarette-producing companies. This policy affects the entire tobacco sector, including suppliers, cigarette manufacturers, and retailers. It is applicable to all active management strategies and all passive ESG strategies on which Amundi practices discretionary management. The ESG rating of the tobacco sector is capped at E (on a scale from A to G). This policy applies to companies involved in tobacco manufacturing, supply, and distribution activities (threshold: turnover greater than 10%). Amundi excludes: - Companies that manufacture whole tobacco products (threshold: turnover greater than 5%), including cigarette manufacturers, as no product can be considered free from child labour. This policy applies to all active management strategies and all passive ESG strategies on which Amundi practices discretionary management. • Nuclear weapons Amundi restricts investments in companies exposed to nuclear weapons and in particular those involved in the production of key components or components dedicated to nuclear weapons. Amundi excludes: - Issuers involved in the production, sale, and stockpiling of nuclear weapons from States that have not ratified the Treaty on the Non-Proliferation of Nuclear Weapons or from signatory States of the Treaty on the Non-Proliferation of Nuclear Weapons that are not members of NATO, - Issuers involved in the production of nuclear warheads and/or entire nuclear missiles, or components that have been significantly developed and/or modified for exclusive use in nuclear weapons, - Issuers that generate more than 5% of their turnover from the production or sale of nuclear weapons (excluding dual-use components and launch platforms). • Depleted uranium weapons Although there is no international treaty banning or restricting them, depleted uranium weapons are deemed to cause the release of toxic chemical and radioactive particles, representing a long-term environmental and human health hazard. Amundi therefore excludes issuers that generate significant revenue (i.e. more than 5% of their total revenue) from the production or sale of depleted uranium weapons. This policy applies to all active management strategies and all passive ESG strategies over which Amundi has full discretion. For more information on how environmental issues (in particular those related to climate change) and corporate and governance (ESG) issues are taken into account in its investment policy, Amundi provides investors with the “Application of Article 29” report available on (Legal Documentation section).
1 Sources: Amundi, December 2024 2 For more information, please see Amundi’s responsible investment policy, available at www.amundi.fr 3 For a comprehensive view of the scope of Amundi’s exclusion policy, please see the tables presented in the annex, page 35 of Amundi’s Responsible Investment Policy 4 Ottawa (12/03/1997) and Oslo (12/03/2008) Conventions. 5 Convention on the Prohibition of the Development, Production and Stockpiling of Bacteriological (Biological) and Toxin Weapons and on their Destruction - 26/03/1972 6 Issuers that seriously and repeatedly violate one or more of the ten principles of the United Nations Global Compact without taking credible corrective action 7 Developers, mining, companies deemed too exposed to be able to exit from thermal coal at the expected pace 8 Oil sands, shale oil, shale gas 9 Amundi conducts an analysis to assess the quality of the phase-out plan.
Page 2100
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2100 Annual report - Year ended: 31/10/2025
Remuneration policy 1. Remuneration policy and practices of the AIFM/Management company The remuneration policy implemented by Amundi Asset Management is compliant with the rules in terms of remuneration specified in the Directive 2011/61/UE of the European Parliament and of the Council of June 8th 2011 on Alternative Investment Fund Managers (the “AIFM Directive”), and in the Directive 2014/91/UE of July 23rd 2014 on undertakings for collective investment in transferable securities (the “UCITS V Directive”). These rules, about remuneration policies and practices, have for objective to promote sound and effective risk management of fund managers and the funds they manage. Moreover, the remuneration policy is compliant with Regulation (EU) 2019/2088 (“SFDR”), integrating sustainability risk and ESG criteria in Amundi control framework, with responsibilities spread between the first level of controls performed by the Investment teams and second level of controls performed by the Risk teams, that can verify the compliance with ESG objectives and constraints of a fund at all time. This policy is incorporated within the framework of the remuneration policy of Amundi reviewed each year by its Remuneration Committee. The latter checked the application of the remuneration policy in relation to the 2023 fiscal year, its compliance with the AIFM/UCITS Directives’ principles and approved the policy applicable for the 2024 exercise at its meeting held on February 1st 2024. In 2024, the implementation of the Amundi remuneration policy was subject to an internal, central and independent audit, driven by the Amundi Internal Audit. 1.1 Amounts of remuneration paid by the Management companies to its employees During fiscal year 2024, the total amount of compensation (including fixed, deferred and non-deferred variable compensation) paid by Amundi Asset Management to its employees (1 988 beneficiaries 1 ) is EUR 214 708 329. This amount is split as follows: • Total amount of fixed remuneration paid by Amundi Asset Management in 2024: EUR 150 552 656, which represents 70% of the total amount of compensation paid by Amundi Asset Management to its staff, were in the form of fixed remuneration. • Total amount of variable compensation deferred (including performance shares) and non-deferred paid by Amundi Asset Management in 2024: EUR 64 155 672, which represents 30% of the total amount of compensation paid by Amundi Asset Management to its staff, were in this form. The entire staff is eligible for variable compensation. Additionally, no amount corresponding to a return on investment in shares of carried interests was paid with respect to fiscal year 2024. Of the total amount of remuneration (fixed and variable compensation deferred and non-deferred) paid during the fiscal year, EUR 23 746 888 were paid to the ‘executives and senior managers’ of Amundi Asset Management (50 beneficiaries), and EUR 17 290 937 were paid to the ‘senior investment managers’ whose professional activities have a material impact on Amundi Asset Management’s risk profile (59 beneficiaries).
1 Number of permanent and fixed-term employees paid during the year, whether or not they were still present on 31/12/2024
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’, that include 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 quantitative and qualitative 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 Quantitative criteria: - IR/Sharpe over 1, 3, 5 years
Page 2101
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2101 Annual report - Year ended: 31/10/2025
- Gross/absolute/relative performance of the investment strategies (based on GIPS composites) over 1, 3, 5 years, outlook mainly focused on 1 year, adjusted with long-term figures (3,5 years) - Performance risk adjusted based on IR/Sharpe over 1, 3, 5 years - Competitive positioning through Morningstar rankings - Net inflows / Successful requests for proposals, mandates - Performance fees generation - ESG rating of the funds according to different providers when applicable (Morningstar, CDP… - Respect of ESG beat the benchmark, ESG exclusion policies and climate transition index Qualitative criteria: - Compliance with risk policy, compliance and legal rules - Quality of management - Innovation/product development - Collaboration/Sharing of best practices - Commercial engagement – including the ESG component of commercial effort and flows ESG o Compliance with ESG policy and participation to the ESG and net-zero offering o Integration of ESG into investment processes o Capacity to promote and project ESG knowledge internally and externally o Extent of proposition and innovation in the ESG space o Demonstrates capacity to manage well the combination of risk return and ESG (the risk and ESG adjusted return) 2. Sales and marketing functions Quantitative criteria: - Net inflows, notably on ESG and impact denominated products - Revenues - Gross Inflows - Client base development and retention; product mix - Number of commercial activities per year, notably prospection activities - Number of clients approached on their net zero strategy Qualitative criteria: - Compliance with risk policy, compliance and legal rules - Joint consideration of Amundi’s interests and of client’s interests - Securing/developing the business - Client satisfaction - Quality of management - Cross-functional approach and sharing of best practices - Entrepreneurial spirit - Capacity to explain and promote ESG policies and capabilities as well as solutions of the firm 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 criteria are used, these are mainly related to management/ optimization of expenses.
Page 2102
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2102 Annual report - Year ended: 31/10/2025
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 variable compensation for identified staff members is awarded at 100% in instruments indexed on the performance of a representative basket of AIFs and/or UCITS funds. - The actual payment of the deferred portion is linked to the financial situation of Amundi Group, to the continued employment within the group and to a sound and effective risk management over the vesting period.
Page 2103
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2103 Annual report - Year ended: 31/10/2025
Effective portfolio management techniques and derivative
financial instruments
None
Page 2104
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2104 Annual report - Year ended: 31/10/2025
Annual accounts
Page 2105
2105 Annual report - Year ended: 31/10/2025
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
(1) Other assets are assets other than eligible assets as defined by the regulation or the statutes of the open-ended investment fu fund that are necessary for their operation.
31/10/2025 31/10/2024
Currency EUR EUR
Net fixed assets - Financial instruments
Shares and similar instruments (A) (1) - Traded on a regulated or equivalent market - Not traded on a regulated or equivalent market - Convertible bonds (B) (1) - Traded on a regulated or equivalent market - Not traded on a regulated or equivalent market - Bonds and similar instruments (C) (1) - Traded on a regulated or equivalent market - Not traded on a regulated or equivalent market - Debt securities (D) - Traded on a regulated or equivalent market - Not traded on a regulated or equivalent market - Units of UCIs and investment funds (E) 33 156 047,17 29 755 626,80 UCITS 33 156 047,17 29 755 626,80
AIFs and their equivalents in other EU Member States - Other UCIs and investment funds - Deposits (F) - Derivative financial instruments (G) - Temporary securities transactions (H) - Claims representing securities received on loan - Receivables on securities given in collateral - Claims representing securities lent - Borrowed financial securities - Securities given on loan - Other temporary transactions - Loans (I) - Other eligible assets (J) - Subtotal eligible assets I = (A + B + C + D + E + F + G + H + I + J) 33 156 047,17 29 755 626,80
Claims and active adjustment accounts 125 014,21 81 546,99
Financial accounts 113 558,60 190 992,29
Subtotal assets other than eligible assets II 238 572,81 272 539,28
Total Assets I + II 33 394 619,98 30 028 166,08
Balance sheet Assets
Page 2106
2106 Annual report - Year ended: 31/10/2025
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
Balance sheet Liabilities
31/10/2025 31/10/2024
Currency EUR EUR
Shareholders equity:
Capital 30 129 730,49 26 737 482,35
Net income carried forward - Net realized capital gains/losses carried forward - Net income for the year 3 104 527,22 3 181 339,53
Shareholders equity I 33 234 257,71 29 918 821,88
Funding liabilities II (1) - Equity and funding liabilities (I+II) (1) 33 234 257,71 29 918 821,88
Eligible liabilities:
Financial instruments (A) - Short sale transactions on financial transactions - Temporary securities transactions - Forward financial instruments (B) - Borrowings - Other eligible liabilities (C) - Subtotal eligible liabilities III = A + B + C - Other liabilities:
Liabilities and adjustment accounts 160 362,27 109 344,20
Bank loans - Subtotal other liabilities IV 160 362,27 109 344,20
Total Liabilities: I + II + III + IV 33 394 619,98 30 028 166,08
(1) This entry is optional and only applies to FSOs. Funding liabilities are liabilities issued by the FSO other than shares or un its.
Page 2107
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2107 Annual report - Year ended: 31/10/2025
31/10/2025 31/10/2024
Currency EUR EUR
Net financial income
Income from financial transactions
Income from equities - Income from bonds - Income from debt securities - Income from units of UCIs (1) - Income from forward financial instruments - Income from temporary securities transactions - Income from loans and receivables - Income from other eligible assets and liabilities - Other financial income 2 940,82 6 257,20
Subtotal Expenses on financial transactions 2 940,82 6 257,20
Expenses on financial operations Expenses on financial operations - Expenses on forward financial instruments - Expenses from temporary securities transactions - Expenses from borrowings - Expenses from other eligible assets and liabilities - Expenses on funding liabilities - Other financial expenses -146,95 -4,03 Subtotal expenses from financial operations -146,95 -4,03
Net financial income (A) 2 793,87 6 253,17
Other income:
Reimbursement of management fees to the benefit of the UCIs - Payments as collateral for capital or performance - Other income - Other expenses:
Management fees of the management company -374 336,79 -352 880,89 Audit fees, study fees for private equity funds - Taxes and levies - Other expenses - Subtotal other income and other expenses (B) -374 336,79 -352 880,89
Subtotal net income before regularization C = A + B -371 542,92 -346 627,72
Adjustment of net income for the financial year (D) 252,88 9,34
Net income I = C + D -371 290,04 -346 618,38
Income statement
(1) In accordance with tax transparency principles, the revenues from UCIs units have been restated based on the underlying income .
Page 2108
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2108 Annual report - Year ended: 31/10/2025
31/10/2025 31/10/2024
Currency EUR EUR
Net realized gains and losses before regularization:
Realized gains and losses 422 132,24 127 711,62
External transaction costs and disposal fees - -22,46
Research expenses - Proportional share of realized gains returned to insurers - Insurance proceeds received - Payments received as collateral for capital or performance - Subtotal net realized gains and losses before regularizations E 422 132,24 127 689,16
Regularizations of net realized gains and losses F -2 821,21 -3 184,75
Net realized gains and losses II = E + F 419 311,03 124 504,41
Net unrealized gains and losses before regularization:
Changes in unrealized gains and losses including exchange differences on eligible assets 3 117 620,43 3 341 911,84
Exchange differences on financial accounts in foreign currencies - -
Payments receivable as collateral for capital or performance - -
Proportional share of unrealized gains to be returned to insurers - -
Subtotal net unrealized gains and losses before regularizations G 3 117 620,43 3 341 911,84
Regularizations of net unrealized gains and losses H -61 114,20 61 541,66
Net unrealized gains and losses III = G + H 3 056 506,23 3 403 453,50
Interim dividends:
Interim dividends of net income for the year J - Interim dividends of net realized gains and losses for the year K - -
Total interim dividends for the year IV = J + K - Income tax V - Net result I + II + III - IV - V 3 104 527,22 3 181 339,53
Income statement (continued)
Page 2109
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2109 Annual report - Year ended: 31/10/2025
Appendice
Page 2110
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2110 Annual report - Year ended: 31/10/2025
Management strategy and profile
Investment objective: The Sub-fund is a passively managed index-tracking fund. The Sub-Fund's investment objective is identical to that of the MASTER UCITS as described in the "INFORMATION ABOUT THE MASTER UCITS" section. The Sub-Fund's performance will differ from that of the MASTER UCITS due to the fees and charges to which the Sub fund is subject and/or any liquid assets it may hold.
Page 2111
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2111 Annual report - Year ended: 31/10/2025
Table of results and other characteristic elements of the
fund over the last 5 periods
Expressed in EUR 31/10/2025 31/10/2024 31/10/2023 31/10/2022 29/10/2021
Net assets 33 234 257,71 29 918 821,88 25 965 849,81 24 852 669,07 28 990 949,38
Expressed in EUR 31/10/2025 31/10/2024 31/10/2023 31/10/2022 29/10/2021
Capi share
FR0013431129
- - - - Number of units or shares 266 955,576 265 086,767 257 435,63 243 612,686 247 128,619
Net asset value per unit 124,49 112,86 100,86 102,01 117,31
Unit distribution on net income (including payments on account)
- - - - -
Unit distribution on net realized gains and losses (including payments on account)
- - - - -
Unit tax credit transferred to holder (natural persons) (1) - - - - -
Unit capitalization (2) 0,18 -0,84 -2,19 -1,58 -0,17 (1) In application of the Tax Instruction of 4 March 1993 of the General Tax Directorate, the unitary tax credit is determined on the day the dividend is clipped by dividing the total amount of the tax credits amongst the outstanding units on that date. (2) The amounts of the unit distribution, unit capitalization and tax credits are indicated in the UCI’s accounting currency. The unit capitalization corresponds to the sum of net income and capital gains and losses on the number of shares outstanding. This calculation method has been applied since 1 January 2013.
Page 2112
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2112 Annual report - Year ended: 31/10/2025
The annual accounts shall be presented in the form provided for in ANC Regulation No 2020-07 as amended by ANC Regulation 2022-03.
Accounting rules and methods applied during the financial year The general principles of accounting apply: - fair presentation, comparability, business continuity, - regularity, sincerity, - caution, - consistency of methods from one exercise to the next. The method of accounting used to record fixedincome proceeds is that of received interest. Inflows and disposals of securities are recorded excluding charges. The duration of the exercise is 12 months.
Asset Valuation Rules The assets of the subfund shall be valued in accordance with the laws and regulations in force, and more particularly with the rules laid down in ANC Regulation No 2020-07 of 4 December 2020 on the annual accounts of undertakings for collective investment with variable capital approved by decree of 29 December 2020 and amended by ANC Regulation No 2022-03 of 3 June 2022 approved by decree of 13 December 2022. Financial instruments traded on a regulated market shall be measured at the closing rate recorded on the day before the day on which the NAV is calculated. Where those financial instruments are traded on more than one regulated market at the same time, the closing price shall be that recorded on the regulated market on which they are principally traded. However, the following financial instruments, in the absence of significant transactions on a regulated market, shall be valued according to the following specific methods: - Marketable debt instruments (‘TCNs’) with a residual acquisition life of 3 months or less are valued by spreading the difference between the acquisition value and the redemption value linearly over the residual life. However, the management company reserves the right to value these securities at present value in the event of particular sensitivity to market risks (rates, ...). The rate used shall be that of issues of equivalent securities subject to the issuer’s risk margin; - TCNs with an acquisition remaining life of more than 3 months but with an acquisition remaining life of 3 months or less at the NAV cut-off date shall be measured by spreading linearly over the remaining life the difference between the last present value retained and the redemption value. However, the management company reserves the right to value these securities at present value in the event of particular sensitivity to market risks (rates, ...). The rate used shall be that of issues of equivalent securities subject to the issuer’s risk margin; - TCNs with a remaining life at the NAV cut-off date of more than 3 months are valued at present value. The rate used shall be that of issues of equivalent securities subject to the issuer’s risk margin. - Fixed-term financial instruments traded on organized markets shall be measured at the clearing price on the day before the NAV calculation day. Conditional term financial instruments traded on organized markets shall be measured at their market value recorded on the day before the NAV calculation day. Forward-looking or contingent OTC financial instruments shall be valued at the price given by the counterparty of the financial instrument. The management company shall carry out an independent review of that assessment. - Deposits are valued at nominal value, plus related accrued interest. - Warrants, cash purchase orders, promissory notes and mortgage notes shall be valued under the responsibility of the management company at their probable trading value. - Acquisitions and temporary disposals of securities are valued at market prices.
Accounting rules and methods
Page 2113
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2113 Annual report - Year ended: 31/10/2025
- Units and shares in UCITS governed by French law shall be valued at the last known NAV on the day on which the NAV of the Compartment is calculated. - Units and shares in UCITS governed by foreign law shall be valued at the last known unit net asset value on the day on which the net asset value of the Compartment is calculated. - Financial instruments traded on a regulated market whose price has not been established or whose price has been adjusted shall be valued at their probable trading value under the responsibility of the management company. - The exchange rates used for the valuation of financial instruments denominated in a currency other than the reference currency of the Compartment shall be the exchange rates disseminated by the fixing WM Reuters of the same day as the closing down of the net asset value of the Compartment.
Method of accounting for trading costs The method chosen is that of excluded costs.
Method of accounting income from fixed income securities The method used is the cash coupon method.
Accounting currency
Indication of accounting changes subject to special information to unitholders - Changes made: None. - Changes to occur: None.
Details of other changes which must be specifically notified to unitholders (not certified by the statutory auditor) - Changes made: None. - Changes to occur: None.
Details and justification of changes in valuation and implementation procedures None.
Details of the type of errors that have been corrected during the period None.
Details of the rights and conditions attached to each unit category Capi Share Class: All distributable amounts will be accumulated.
EUR
Page 2114
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2114 Annual report - Year ended: 31/10/2025
Changes in equity during the year
31/10/2025 31/10/2024
Currency EUR EUR
Shareholders equity at beginning of year 29 918 821,88 25 965 849,81
Cash flow for the year:
Subscriptions called (including the subscription fee paid to the mutual fund) (1) 5 611 587,25 7 490 796,05
Redemptions (after deduction of the redemption fee payable to the UCI) -5 464 361,17 -6 660 797,29
Net income for the year before deferred income -371 542,92 -346 627,72
Net realized capital gains/losses before deferred charges and accrued income 422 132,24 127 689,16
Change in unrealized capital gains/losses before deferred charges and accrued income 3 117 620,43 3 341 911,84
Distribution of prior-year net income - Distribution of prior-year net realized capital gains/losses - Interim payments during the year on net income - Interim payments for the year on net realized capital gains/losses - -
Other items - 0,03
Shareholders equity at year-end (= Net assets) 33 234 257,71 29 918 821,88
(1) This heading also includes the amounts called for private equity companies.
Page 2115
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2115 Annual report - Year ended: 31/10/2025
Changes in the number of units or shares during the
financial year
Capi share
FR0013431129 In units or shares In amount
Units or shares subscribed during the financial year 48 669,9 5 611 587,25
Units or shares repurchased during the period -46 801,091 -5 464 361,17
Net balance of subscriptions/redemptions 1 868,809 147 226,08
Capi share In amount
Subscription fees earned Redemption Fees Earned Total commissions earned -
Page 2116
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2116 Annual report - Year ended: 31/10/2025
Breakdown of net assets by nature of units or shares
Unit or share ISIN
Unit or share wording
Allocation of distributable amounts
Currency of the unit or share
Net asset value in currency of the unit or share
Number of units or shares
Net asset value in currency of the unit or share
FR0013431129 Capi share Capitalizable EUR 33 234 257,71 266 955,576 124,49
Page 2117
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2117 Annual report - Year ended: 31/10/2025
Direct exposure on convertible bonds by countries and maturity
of the exposure
Breakdown of significant exposures by country
Expressed in thousands of EUR
Exposure +/-
Country 01 +/-
Country 02 +/-
Country 03 +/-
Country 04 +/-
Country 05 +/-
Assets
Shares and similar instruments - - - - - -
Temporary transactions on securities - - - - - -
Liabilities
Short sale transactions on financial transactions - - - - - -
Temporary transactions on securities - - - - - -
Off-balance sheet
Futures - N/A N/A N/A N/A N/A
Options - N/A N/A N/A N/A N/A
Swaps - N/A N/A N/A N/A N/A
Other financial instruments - N/A N/A N/A N/A N/A
Total - N/A N/A N/A N/A N/A
Breakdowns of exposure by maturity Breakdowns of exposure by level of delta
Expressed in thousands of EUR
Exposure +/- <= 1 year
1<X<=5 years > 5 years <= 0,6 0,6<X<=1
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - Others - - - - - Total - - - - - -
Direct exposure on equities market (except convertible bonds)
Direct and indirect exposures in various markets
Page 2118
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2118 Annual report - Year ended: 31/10/2025
Direct interest rate market exposure (except convertible bonds)
Breakdown of exposures by type of rate
Expressed in thousands of EUR
Exposure +/-
Fixed rate +/-
Variable or adjustable rate +/-
Indexed rate +/-
Other or without rate counterparty +/-
Assets
Deposits - - - - Bonds - - - - Debt securities - - - - Temporary transactions on securities - - - - -
Financial accounts 113,56 - - - 113,56
Liabilities
Short sale transactions on financial transactions - - - - -
Temporary transactions on securities - - - - -
Financial accounts - - - - Borrowings - - - - Off-balance sheet
Futures N/A - - - Options N/A - - - Swaps N/A - - - Other financial instruments N/A - - - Total N/A - - - 113,56
Page 2119
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2119 Annual report - Year ended: 31/10/2025
Direct exposure to fixedincome markets (excluding convertible bonds) breakdown by maturity
Breakdown by residual duration
Expressed in thousands of EUR
0 - 3 months +/-
3 - 6 months +/-
6 months 1 year +/-
1 - 3 years +/-
3 - 5 years +/-
5 - 10 years +/-
>10 years +/-
Assets
Deposits - - - - - - Bonds - - - - - - Debt securities - - - - - - Temporary transactions on securities - - - - - - -
Financial accounts 113,56 - - - - - Liabilities
Short sale transactions on financial instruments - - - - - - -
Temporary transactions on securities - - - - - - -
Financial accounts - - - - - - Borrowings - - - - - - Off-balance sheet
Futures - - - - - - Options - - - - - - Swaps - - - - - - Other instruments - - - - - - Total 113,56 - - - - - -
Page 2120
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2120 Annual report - Year ended: 31/10/2025
Direct exposure on currency market
Expressed in thousands of EUR
Currency 01 +/-
Currency 02 +/-
Currency 03 +/-
Currency 04 +/-
Other currencies +/-
Assets
Deposits - - - - Equities and equivalent securities - - - - -
Bonds and equivalent securities - - - - -
Debt securities - - - - Temporary transactions on securities - - - - -
Receivables - - - - Financial accounts - - - - Liabilities
Short sale transactions on financial instruments - - - - -
Temporary transactions on securities - - - - -
Payables - - - - Financial accounts - - - - Borrowings - - - - Off-balance sheet
Currencies to receive - - - - Currencies to deliver - - - - Futures options swap - - - - Other transactions - - - - Total - - - - -
Page 2121
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2121 Annual report - Year ended: 31/10/2025
Direct exposure to credit markets
Expressed in thousands of EUR
Invest. Grade +/-
Non Invest. Grade +/-
Unrated +/-
Assets
Bonds convertible into shares - - Bonds and equivalent securities - - Debt securities - - Temporary transactions on securities - - -
Liabilities
Short sale transactions on financial transactions - - -
Temporary transactions on securities - - -
Off-balance sheet
Credit derivatives - - Net balance - - -
The ranking of securities exposed directly to rate markets ( (1) in the investment grades, non-investment grades and non notes categories is fed by the main financial ratings. For each instrument, the rating is determined according to the algorithm of the 2nd best external rating. The 2nd best rating is the one whose rating in numerical value is second out of all the ratings found. In the case where only one rating is available, this rating is considered as the second best. In the absence of a rating, the issuer's rating is required.
(1) Asset and liability rate items shall be presented in inventory value consistent with balance sheet items. For temporary transactions, only temporary assignments are reported ( repurchase agreements, securities lent and securities ple dged as collateral ). Temporary acquisitions are excluded.
Page 2122
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2122 Annual report - Year ended: 31/10/2025
Exposure to transactions involving a counterparty
Expressed in thousands of EUR Present value of a debt Present value of debt Transactions on the assets side of the balance sheet Dépôts - Instruments financiers à terme non compensés - Créances représentatives de titres financiers reçus en pension - Créances représentatives de titres donnés en garantie - Créances représentatives de titres financiers prêtés - Titres financiers empruntés - Titres reçus en garantie - Titres financiers donnés en pension - Créances
Collatéral espèces - Dépôt de garantie espèces versé - Transactions on the balance sheet liabilities
Dettes représentatives de titres donnés en pension - Instruments financiers à terme non compensés - Dettes
Collatéral espèces - -
Page 2123
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2123 Annual report - Year ended: 31/10/2025
Indirect exposures for multi-management CIUs
Amount of exposure
Curren cy of the UCI unit
Country of domicile of the Fund
Investment orientation / management style
Management ISIN Code Name of the Fund company
FR0010755769 AMUNDI DIVERSIFIES MONDE Z
Amundi Asset Management Mixte France EUR 33 156 047,17
Total 33 156 047,17
Page 2124
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2124 Annual report - Year ended: 31/10/2025
31/10/2025
Receivables
Subscriptions receivable 3 002,87
Reducing subscriptions Coupons to receive Deferred sales 122 011,34
Amortized bonds Security deposits Management fees Other miscellaneous debtors Total receivables 125 014,21
Debts
Subscriptions payable Redemptions payable -123 672,42
Deferred purchases -2 970,93
Management fees -33 718,92
Security deposits Other miscellaneous creditors Total debts -160 362,27
Total receivables and debts -35 348,06
Receivables and payables - breakdown by type
Other information for balance sheet and income statements
Page 2125
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2125 Annual report - Year ended: 31/10/2025
Management costs, other costs and charges
These fees cover all the costs invoiced directly to the Sub-Fund, except transaction costs. Transaction expenses include intermediary fees (such as brokerage and stock market taxes) and any account activity charge that may be charged by the depositary and the Management Company. For this Sub-Fund, the following fees may be charged in addition to the operating costs and management fees (see Summary Table below): - Outperformance fees: these fees remunerate the Management Company when the Sub-Fund exceeds its objectives, and are charged to the Sub-Fund; - Transaction fees charged to the Sub-Fund. For more information on the fees charged to the Sub-Fund, please refer to the Charges Section of the Key Investor Information Document (KIID).
These fees do not include research fees. (1) includes all fees and charges except for transaction expenses, incentive fees and fees associated with investment in UCITS or alternative investment funds. (2) includes the maximum indirect management fees (i.e. management fees and charges) charged to the MASTER UCITS.
(1) Includes all fees and expenses except for transaction expenses, incentive fees and fees associated with investment in UCITS or alternative investment.
Fees charged to the Sub-Fund Basis Scale rate
Asset management fees and administration fees that are external to the Management Company (auditor, depositary, fund distribution and legal fees) including tax (1)
Net assets 1.20% incl. tax p.a
Maximum indirect management fees (management fees and charges) (2) Net assets 1.10% incl. tax per year maximum
Outperformance fees Net assets N/A
Transaction fees Payable on each transaction N/A
Fees invoiced to the Master Fund Basis Scale rate
Asset management fees and administration fees that are external to the Management Company (auditor, depositary, fund distribution and legal fees) including tax (1)
Net assets 0.1% incl. tax
Maximum indirect management fees (management fees and charges) Net assets 1.00% incl. tax per year maximum
Outperformance fees Net assets N/A
Transaction fees Payable on each transaction
Charged on each transaction 0.10% incl. tax on the UCITS ETF units 0.10% incl. tax on ETN 0.10% incl. tax on equity baskets
Page 2126
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2126 Annual report - Year ended: 31/10/2025
Capi share
FR0013431129 31/10/2025
Fixed costs 374 336,79
Fixed fee in % current 1,20
Variable charges Variable charges in % current Management fee retrocessions -
Page 2127
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2127 Annual report - Year ended: 31/10/2025
Temporary acquisitions
Commitments received and provided
Other commitments (by product nature) 31/10/2025
Collateral received
Including financial instruments received as collateral and not recorded on the balance sheet -
Collateral given
Including financial instruments provided as collateral and retained in their original position -
Financing commitments received but not yet drawn Financing commitments provided but not yet drawn Other off-balance sheet commitments Total -
Other commitments (by product nature) 31/10/2025
Securities acquired in repurchase agreement Securities received under securities lending Borrowed securities Securities received as collateral -
Page 2128
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2128 Annual report - Year ended: 31/10/2025
Instruments of related entities
ISIN code Wording 31/10/2025
Parts d’OPC et de fonds d’investissements
FR0010755769 AMUNDI DIVERSIFIES MONDE Z 33 156 047,17
Total 33 156 047,17
Page 2129
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2129 Annual report - Year ended: 31/10/2025
Allocation of distributable amounts relating to net income
Determination and breakdown of distributable amounts
31/10/2025 31/10/2024
Currency EUR EUR
Income -371 290,04 -346 618,38
Interim dividends of net income for the year (*) - Amounts still to be allocated (**) -371 290,04 -346 618,38
Retained earnings - Amounts distributable as net income -371 290,04 -346 618,38
Capi share
FR0013431129 31/10/2025 31/10/2024
Currency EUR EUR
Allocation:
Distribution - Carry-forward of income for the year - Capitalization -371 290,04 -346 618,38
Total -371 290,04 -346 618,38
(*) Information on advance payments
Unit amount - Total tax credits - Unit tax credits - (**) Information relating to shares or units giving rise to the right of distribution
Number of shares or units - Unit distribution remaining to be paid after prepayments - Income distribution tax credits - -
Page 2130
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2130 Annual report - Year ended: 31/10/2025
Allocation of the distributable sums related to the capital gains
and net losses
31/10/2025 31/10/2024
Currency EUR EUR
Capital net gains and losses of the year 419 311,03 124 504,41
Advances paid on capital net gains and losses of the year (*) - Net realized gains or losses to be allocated (**) 419 311,03 124 504,41
Previous undistributed net realized gains and losses - -
Distributable amounts for realized gains or losses 419 311,03 124 504,41
Capi share
FR0013431129 31/10/2025 31/10/2024
Currency EUR EUR
Allocation:
Distribution - Carry-forward of net realized gains or losses - Capitalization 419 311,03 124 504,41
Total 419 311,03 124 504,41
(*) Information on advance payments
Unit advance payments paid - (**) Information relating to shares or units giving rise to the right of distribution
Number of shares or units - Unit distribution remaining to be paid after payment of advance payments - -
Page 2131
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2131 Annual report - Year ended: 31/10/2025
Inventory of assets and liabilities
Inventory of balance sheet items (out of IFT)
The business sector mentioned in the inventory represents the main activity carried out by the issuer of the financial instrument. The information is taken from the ICB code published when available.
Instruments Currency Quantity Amount %NA
Parts d’OPC et fonds d’investissements 33 156 047,17 99,76
33 156 047,17 99,76 OPCVM et équivalents d’autres Etats membres de l’Union européenne
AMUNDI DIVERSIFIES MONDE Z EUR 235 449,845 33 156 047,17 99,76
Total 33 156 047,17 99,76
Page 2132
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2132 Annual report - Year ended: 31/10/2025
IFT inventories
(excluding IFT used as a cover of a share category)
Foreign exchange futures inventory
- - - - - - -
Instrument label Assets Liabilities Currency Amount (*) Currency Amount (*)
Currency to be delivered (-) Currency receivable (+) Present value presented on the balance sheet
Exposure amount in EUR (*)
(*) Amount determined according to the provisions of the regulation on presentation of exposures.
Total - - - -
Inventory of financial futures instruments - shares
Assets Liabilities +/-
Quantity/ Instrument label Nominal
Exposure amount in EUR (*) Present value on the balance sheet
Futures
Sub total - - Options
Sub total - - Swaps
Sub total - - Autres instruments
Sub total - - -
(*) Amount determined according to the provisions of the regulation on presentation of exposures.
Total - - -
Page 2133
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2133 Annual report - Year ended: 31/10/2025
Inventory of forward financial instruments - interest rate
Assets Liabilities +/-
Quantity/ Instrument label Nominal
Exposure amount in EUR (*) Present value on the balance sheet
Futures
Sub total - - Options
Sub total - - Swaps
Sub total - - Autres instruments
Sub total - - -
(*) Amount determined according to the provisions of the regulation on presentation of exposures.
Total - - -
Inventory of forward financial instruments - foreign exchange
Assets Liabilities +/-
Quantity/ Instrument label Nominal
Exposure amount in EUR (*) Present value on the balance sheet
Futures
Sub total - - Options
Sub total - - Swaps
Sub total - - Autres instruments
Sub total - - -
(*) Amount determined according to the provisions of the regulation on presentation of exposures.
Total - - -
Page 2134
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2134 Annual report - Year ended: 31/10/2025
Inventory of forward financial instruments - on credit risk
Assets Liabilities +/-
Quantity/ Instrument label Nominal
Exposure amount in EUR (*) Present value on the balance sheet
Futures
Sub total - - Options
Sub total - - Swaps
Sub total - - Autres instruments
Sub total - - -
(*) Amount determined according to the provisions of the regulation on presentation of exposures.
Total - - -
Inventory of forward financial instruments - other exposures
Assets Liabilities +/-
Quantity/ Instrument label Nominal
Exposure amount in EUR (*) Present value on the balance sheet
Futures
Sub total - - Options
Sub total - - Swaps
Sub total - - Autres instruments
Sub total - - -
(*) Amount determined according to the provisions of the regulation on presentation of exposures.
Total - - -
Page 2135
Inventory of forward financial instruments
(used to hedge a unit category)
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2135 Annual report - Year ended: 31/10/2025
- - - - - - - -
Covered unit class
Instrument label Assets Liabilities Currency Amount (*) Currency Amount (*)
Currency to be delivered (-)
Currency receivable (+)
Exposure amount in EUR (*) Present value on the balance sheet
(*) Amount determined according to the provisions of the regulation on presentation of exposures.
Total - - - -
Covered unit class Assets Liabilities +/-
Quantity/ Instrument label Nominal
Exposure amount in EUR (*)
Present value on the balance sheet
Futures
Sub total - - Options
Sub total - - Swaps
Sub total - - Autres instruments
Sub total - - Total - - -
(*) Amount determined according to the provisions of the regulation on presentation of exposures.
Inventory of foreign currency futures transactions
(used to hedge a unit class)
Page 2136
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2136 Annual report - Year ended: 31/10/2025
Summary of the inventory
Present value presented in the balance sheet
Total inventory of eligible assets and liabilities (except FDI) 33 156 047,17
Inventory of FDI (except FDI used for hedging of issued shares):
Total foreign exchange forwards Total financial derivative instruments - equities Total financial derivative instruments - interest rate Total financial derivative instruments - foreign exchange Total financial derivative instruments - credit Total financial derivative instruments - other exposures Inventory of financial derivative instrument used for hedging of issued share -
Other assets (+) 238 572,81
Other liabilities (-) -160 362,27
Total = Net assets 33 234 257,71
Page 2137
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2137 Annual report - Year ended: 31/10/2025
Characteristics of the CIU
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Page 2138
AMUNDI OPPORTUNITES DIVERSIFIES MONDE
2138 Annual report - Year ended: 31/10/2025
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