Key Investor Information This document provides you with key investor information about this Sub-Fund. It is not marketing material. The information is requiredby law to help you understand the nature and the risks of investing in this Sub-Fund. You are advised to read it so you can make an informed decision about whether to invest. Amundi US Inflation Expectations 10Y UCITS ETF Acc A Sub-Fund of the SICAV MULTI UNITS LUXEMBOURG ISIN code: (A) LU1390062831 Managed by Amundi Luxembourg SA, a subsidiary of Amundi Group Objectives and Investment Policy The Fund is an index-tracking UCITS passively managed. The investment objective is to reflect the performance of the "Markit iBoxx USD Breakeven 10-Year Inflation Index" ("Benchmark Index") denominated in USD, in order to offer an exposure to a long position in U.S. 10-year Treasury Inflation-Protected securities (TIPS) and a short position in U.S. Treasury bonds with adjacent durations. The difference in yield (or "spread") between these bonds is commonly referred to as a "breakeven rate of inflation" (BEI) and is considered to be a measure of the market's expectations for inflation over a specified period of time. In order to hedge the EUR currency risk, the Fund uses a monthly hedging strategy which aims at reducing the impact of a change in the Fund currency against the currency of the Benchmark Index constituents. The Benchmark Index is a net total return index. A net total return index calculates the performance of the index constituents on the basis that any dividends or distributions are included in the index returns after withholding tax retention. In order to ensure the replicability of the Benchmark Index which the Fund reflects, the Benchmark Index methodology takes into account the costs associated with the building of a long/short position, in particular the borrowing costs of the short position. Additional information about the Benchmark Index can be found at www.markit.com. The Fund seeks to achieve its objective via indirect replication by entering into an over-the-counter swap contract (financial derivative instrument, the FDI"). The Fund may also invest in a diversified portfolio of international debt securities, whose performance will be exchanged against the performance of the benchmark Index via the FDI. Updated composition of the Fund holdings is available on www.amundietf.com. In addition, the indicative net asset value is published on the Reuters and Bloomberg pages of the Fund, and might also be mentioned on the websites of the stock exchanges where the Fund is listed. The share currency is the US Dollar (USD). Invested financial instruments: Bonds, FDI. Dividend Policy : the accumulation share automatically retains, and re-invests, all attributable income within the Sub-Fund; thereby accumulating value in the price of the accumulation shares. The minimum recommended holding term is 3 years. The Sub-Fund's shares are listed and traded on one or more stock exchanges. In normal circumstances, you may deal in shares during the trading hours of the stock exchanges, provided that the Market Makers can maintain market liquidity. Only authorised participants (e.g. selected financial institutions) may deal in shares directly with the Sub-Fund on the primary market. Further details are provided in the prospectus of the UCITS. Risk and Reward Profile Lower risk, Higher risk, Credit risk: represents the risks associated with an issuer’s suddendowngrading of its signature’s quality or its default. Typically lower reward Typically higher reward Counterparty risk: represents the risk of default of a market participant to fulfilits contractual obligations vis-à-vis your portfolio. 1 2 345 6 7 Operational risk: this is the risk of default or error within the different serviceproviders involved in managing and valuing your portfolio. The risk level of this Sub-Fund mainly reflects the market risk arising from inflation-linked Risk of Financial derivative Instruments: the Sub-Fund invest in financial bonds in which it is invested. derivative instruments. These financial derivative instruments can induce Historical data may not be a reliable indication for the future. different types of risks such as (but not limited to) leverage risk, high volatility Risk category shown is not guaranteed and may shift over time. risk, valuation risk or liquidity risk. If this risk occurs, the net asset value of the The lowest category does not mean 'risk free'. Sub-Fund may decrease significantly. Your initial investment does not benefit from any guarantee or protection. The occurrence of any of these risks may have an impact on the net asset value of Important risks materially relevant to the Sub-Fund which are not adequately captured by the your portfolio. indicator: 1 Amundi US Inflation Expectations 10Y UCITS ETF Acc Charges The charges you pay are used to pay the costs of running the Sub-Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. The entry, exit and conversion charges shown are maximum figures applied on the One-off charges taken before or after you invest primary market only. In some cases you might pay less - you can find this out from your Entry charge Not Applicable for secondary market financial adviser. investors* The ongoing charges figure is based on expenses for the current year. This figure may Exit chargeNot Applicable for secondary market vary from year to year. It excludes: investors*Performance fees Conversion charge Not applicablePortfolio transaction costs, except in the case of an entry/exit charge paid by the This is the maximum that might be taken out of your money before the Sub-Fund when buying or selling units in another collective investment undertaking. proceeds of your investment are paid out. *Secondary Market: because the Sub-Fund is an ETF, Investors who are not Authorized Charges taken from the Sub-Fund over a yearParticipants will generally only be able to buy or sell shares on the secondary market. Ongoing charges 0.25% Accordingly, investors will pay brokerage fees and/or transaction costs in connection Charges taken from the Sub-Fund under certain specific conditions with their dealings on stock exchange(s). These brokerage fees and/or transaction costs are not charged by, or payable to, the Sub-Fund nor the Management Company but to Performance fee None the investor own intermediary. In addition, the investors may also bear the costs of "bid-ask" spreads; meaning the difference between the prices at which shares can be bought and sold. Primary Market: Authorized Participants dealing directly with the Sub-Fund will pay related primary market transaction costs. For more information about charges, please see charges paragraph of the prospectus of the UCITS, which is available at: amundi.com or amundietf.com. Past PerformanceThe chart has a limited value as a guide to future performance.The annualised performances displayed in this diagram arecalculated net of all charges taken by the Sub-Fund.9.7% 9.4%The Sub-Fund was launched on April 13, 2016. The Share Class%10.6.7% 86.3% was launched on April 13, 2016. 5.0%4.6% 6 The reference currency is the US Dollar. 3.2% 2.8% 2.1%1.8% 4 When the Benchmark Index is denominated in a currency other 1.0% 0.7% 0.7% 0.3% 2than the Sub-Fund currency, the performance of the Benchmark 0 0 00 0Index is converted into the Sub-Fund's currency for comparison-1.1% -2-1.4%purpose. FOREX transactions are executed on a daily basis (WM2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Reuters 5 pm rate on the relevant date).Amundi US Inflation Expectations 10Y UCITS ETF Acc Benchmark Practical Information Name of the depositary: SOCIETE GENERALE LUXEMBOURG. Further information about the UCITS (prospectus, periodical reports) can be obtained in English, free of charge, at the following address: Amundi Luxembourg, 5, Allée Scheffer, L-2520 Luxembourg. The details of the up-to-date remuneration policy, including, but not limited to, a description of how remuneration and benefits are calculated, the identity of persons responsible for awarding the remuneration and benefitsare availableby meansof the following website: https://www.amundi.lu/retail/Local-Content/Footer/Quick-Links/Regulatory-information/Amundi and a paper copy will be made available free of charge upon request. Other practical information (e.g. latest net asset value, Indicative net asset value, transparency policy and information about the asset composition of the Sub-Fund) can be obtained on the internet site amundi.com or amundietf.com. The UCITS contains a large number of other Sub-Funds and other classes which are described in the prospectus. Conversion into shares of another Sub-Fund of the UCITS may be made, subject to the conditions of the prospectus. Each Sub-Fund corresponds to a distinct part of the assets and liabilities of the UCITS. As a consequence, the assets of each Sub-Fund are exclusively available to satisfy the rights of investors in relation to that Sub-Fund and the right of creditors whose claims have arisen in connection with the creation, the operation or the liquidation of that Sub-Fund. This document describes a Sub-Fund of the UCITS. The prospectus and periodical reports are prepared for the entire UCITS named at the beginning of this document. The Luxembourg tax legislation applying to the UCITS may have an impact on the investor's personal tax position. Amundi Luxembourg SA may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the UCITS. ********************* This UCITS is authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier, Luxembourg (www.cssf.lu). Amundi Luxembourg SA is authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier, Luxembourg. This key investor information is accurate as at February 11, 2025. Amundi US Inflation Expectations 10Y UCITS ETF Acc 2