The Fund is classified as a financial product under Article 8 of the EU Sustainable Finance Disclosure Regulation. The Fund promotes environmental or social characteristics but does not have sustainable investments as its objective. The Fund integrates ESG factors and risk in the investment process alongside traditional factors. Detailed information on the sustainability related disclosures of the Fund can be found in the Pre-Contractual Document (annex of the prospectus) on https://www.gsam.com/responsible-investing/en-INT/non-professional/funds/documents. The fund qualifies as a feeder fund, meaning that the fund invests substantially all of its assets in Amundi Funds European Equity Conservative (the master fund). The residual assets of the fund (up to 15%) are exclusively invested in ancillary liquid assets (e.g. money market instruments) or held as cash, as may be required from time to time for dealing, for liquidity purposes and the payment of costs and expenses of the fund. The fund has the same investment objectives and policy as the master fund. However, the performance of both the fund and the master fund may not be equal due, in particular, to costs and expenses incurred by the fund and residual assets investments. The objective of the master fund is to outperform over an investment horizon of 5 years, the reference indicator MSCI Europe (dividend reinvested) while trying to keep the level of up and down movements in value of its assets over time ("volatility”) lower than the level of the reference indicator. To achieve that objective, the master fund's portfolio shall be built in two steps as follows. Firstly, after having applied a liquidity filter, the master fund seeks to exclude from the investment universe, the ones with poor fundamental quality (systematic multi-criteria analysis based on companies' balance sheets and income statements data). Secondly, the master fund implements a quantitative optimisation process on the reduced list of stocks, in the aim of building a portfolio with low volatility. The optimisation procedure integrates constraints on the stock and sector weights, as well as exposure to certain risk factors. The master fund invests at least 75% of its net assets in European equities. The use of derivatives will be an integral part of the investment policy and strategies of the master fund arbitraging, hedging and/or overexposing purposes. The master fund does not aim to replicate the reference indicator and may therefore significantly deviate from it. You can sell or buy your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.