BFT MONETAIRE COURT TERME ISR CLIMAT - I (C) ISIN : FR0010232298
BFT MONETAIRE COURT TERME ISR CLIMAT - I (C)
Asset class: Money Market
YTD
As of 17/09/20262.12%
Risk IndicatorThe level of risk of the fund mainly reflects the risk of the market in which the fund is invested and, as the case may be, the leveraging strategy or inverse performance of the index. The capital initially invested does not benefit from any guarantee. The current level of risk does not indicate the future level of risk and may change over time. The lowest risk level is not equal to a risk-free investment.
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The risk indicator assumes you keep the product according to the holding period.
NAV
As of 17/09/2026€14,754.2600
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 17/09/2026€1.97B
The investment objective is to outperform its benchmark, capitalized Eonia, an index representing the eurozone's money market rate, after deducting ongoing charges. To achieve this, the management team selects securities from public or private issuers, in euros or in foreign currencies. These securities will be deemed to be of high quality by the management team and in compliance with the management company's internal credit risk monitoring policy. Fund management may invest, but not exclusively or automatically, in securities issued by...
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NAV from 09/18/2016 to 09/17/2026
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Performance
Change in NAV in base 100
FundBFT MONETAIRE COURT TERME ISR CLIMAT - I (C) (9.11% over the period)
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* Rolling performance : for funds that have been launched since less than 1 year or 3 years or 5 years, the performance showed in the table in the 1 year or 3 years or 5 years column is the performance since inception of the fund.
All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.
Past performance does not guarantee future returns. The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.
The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).
The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.
All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.
Past performance does not guarantee future returns. The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.
The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).
The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundBFT MONETAIRE COURT TERME ISR CLIMAT - I (C) (9.11% over the period)
Select period
* Rolling performance : for funds that have been launched since less than 1 year or 3 years or 5 years, the performance showed in the table in the 1 year or 3 years or 5 years column is the performance since inception of the fund.
All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.
Past performance does not guarantee future returns. The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.
The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).
The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.
All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.
Past performance does not guarantee future returns. The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.
The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).
The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.
Portfolio Analysis
Management commentary
Effective date: 31/08/2026August 2026 was marked by concerns over the evolution of long-term rates. The deadlock in negotiations between Iran and the United States, punctuated by sporadic attacks, led to oil prices remaining volatile throughout the month, with Brent crude ending at $89 per barrel. The persistence of energy prices at high levels continued to fuel fears of accelerating inflation and thus weighed on bond markets. In response to this rise in long-term rates, U.S. Treasury Secretary Scott Bessent announced that Treasury purchases of long maturities would be at least doubled for the quarter. Inflation indices published in August, covering the month of July, delivered a mixed message. In the United States, headline inflation (CPI) slowed to 3.4% year-on-year, compared to 3.5% in June, while core inflation fell to 2.5%, its lowest level of the year. In the eurozone, by contrast, inflation accelerated to 2.9% in July, compared to 2.8% in June, driven higher by a renewed acceleration in the energy component (+10.3% year-on-year) linked to developments in oil and gas prices. Core inflation, meanwhile, came in at 2.5%. Business activity surveys remained generally well oriented despite high energy prices. In the eurozone, the composite PMI rose for the third consecutive month, reaching 52.1 in August, its highest level since November, driven by German industry. In the United States, the ISM manufacturing index jumped to 55.6 in July, its highest level since May 2022, while the ISM services index held steady at 54.1. The July employment report, however, disappointed, with a loss of 23,000 non-farm jobs and significant downward revisions for previous months, even though the unemployment rate fell to 4.1%, a thirteen-month low, due to a further decline in the participation rate.
None of the major central banks held a monetary policy committee meeting in August. The key event of the month from this perspective was the Jackson Hole symposium, where Kevin Warsh was reassuring about the labor market but concerned about the inflation trajectory. For the first time in his term, he provided guidance by saying that the Fed’s attention should currently be focused primarily on price stability. In the eurozone, the ECB minutes suggested that a majority of Governing Council members would be ready to raise key rates in September to contain the effects of rising energy prices.
Bond yields generally increased over the month, particularly at the very end of the month after Kevin Warsh’s speech. The U.S. 10-year yield ended the month at 4.74%, its highest level since the start of 2025. The German 10-year yield rose sharply, ending the month at 3.30%, its highest level since 2011, driven by expectations of an ECB rate hike. Sovereign spreads in the eurozone widened slightly.
€STR swap levels are up by 11 bps for the 3-month swap at 2.42% and by +10 bps for the 1-year swap at 2.71%.
Bank issuer spreads on the NeuCP money market widened in August. French bank spreads averaged ESTR +34 bps for one-year maturities (+1 bp) and ESTR +24 bps for six-month maturities, stable compared to the previous month.
Corporate issuer rates at issuance stand at +260 bps for 3-month maturities, a sharp increase over the month, representing an average spread vs 3-month ESTR Swap of +18 bps.
At the end of August, the fund had an average life (WAL) of 69 days, down 6 days over the month. The fund’s interest rate sensitivity (WAM) stands at 2 days, down over the month.
Liquidity and Money Market UCITS represent 36.4% of the fund, down over the month. Exposure to bank issuers stands at 44.1%, stable over the month, while exposure to Corporate issuers stands at 19.4%, up over the month.
During the month, we invested €140 million, including €110 million in Financials and €25 million in Corporate issuers. The WAL of investments made during the month (excluding JJ) is 130 days, down compared to the previous month.
The fund’s average ESG rating stands at C, above its investment universe after excluding the bottom 30% of issuers.
None of the major central banks held a monetary policy committee meeting in August. The key event of the month from this perspective was the Jackson Hole symposium, where Kevin Warsh was reassuring about the labor market but concerned about the inflation trajectory. For the first time in his term, he provided guidance by saying that the Fed’s attention should currently be focused primarily on price stability. In the eurozone, the ECB minutes suggested that a majority of Governing Council members would be ready to raise key rates in September to contain the effects of rising energy prices.
Bond yields generally increased over the month, particularly at the very end of the month after Kevin Warsh’s speech. The U.S. 10-year yield ended the month at 4.74%, its highest level since the start of 2025. The German 10-year yield rose sharply, ending the month at 3.30%, its highest level since 2011, driven by expectations of an ECB rate hike. Sovereign spreads in the eurozone widened slightly.
€STR swap levels are up by 11 bps for the 3-month swap at 2.42% and by +10 bps for the 1-year swap at 2.71%.
Bank issuer spreads on the NeuCP money market widened in August. French bank spreads averaged ESTR +34 bps for one-year maturities (+1 bp) and ESTR +24 bps for six-month maturities, stable compared to the previous month.
Corporate issuer rates at issuance stand at +260 bps for 3-month maturities, a sharp increase over the month, representing an average spread vs 3-month ESTR Swap of +18 bps.
At the end of August, the fund had an average life (WAL) of 69 days, down 6 days over the month. The fund’s interest rate sensitivity (WAM) stands at 2 days, down over the month.
Liquidity and Money Market UCITS represent 36.4% of the fund, down over the month. Exposure to bank issuers stands at 44.1%, stable over the month, while exposure to Corporate issuers stands at 19.4%, up over the month.
During the month, we invested €140 million, including €110 million in Financials and €25 million in Corporate issuers. The WAL of investments made during the month (excluding JJ) is 130 days, down compared to the previous month.
The fund’s average ESG rating stands at C, above its investment universe after excluding the bottom 30% of issuers.
Characteristics
General data
Inception date
27/11/2000First Nav Date
17/12/2000Currency
EURShow more
Valuation
DailyMinimum initial investment
10 share(s)Minimum additional investment
1 10/1000° share(s)/equityCosts Composition
| One-off costs upon entry or exit (Investment EUR 10,000) | If you exit after 1 day | ||
| Entry costs | We do not charge an entry fee for this product. | €0 | |
| Exit costs | We do not charge an exit fee for this product, but the person selling you the product may do so. | €0.00 | |
| Ongoing costs taken each year (Investment EUR 10,000) | |||
| Management fees and other administrative or operating costs | 0.09% of the value of your investment per year. This percentage is based on actual costs over the last year. | €0.02 | |
| Transaction costs | 0.02% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell. | €0.01 | |
| Incidental costs taken under specific conditions (Investment EUR 10,000) | |||
| Performance fees | 10.00% annual outperformance of the reference asset 100% ESTR CAPITALISE (OIS). The calculation applies on each Net Asset Value calculation date in accordance with the terms described in the prospectus. Past underperformances over the last 5 years should be clawed back before any new accrual of performance fee.The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years. The performance fee is paid even if the performance of the share over the performance observation period is negative, while remaining higher than the performance of the Reference Asset. | €0.00 | |
Codification
ISIN code
FR0010232298Bloomberg code
Reuters code
Investment Objective
The investment objective is to outperform its benchmark, capitalized Eonia, an index representing the eurozone's money market rate, after deducting ongoing charges. To achieve this, the management team selects securities from public or private issuers, in euros or in foreign currencies. These securities will be deemed to be of high quality by the management team and in compliance with the management company's internal credit risk monitoring policy. Fund management may invest, but not exclusively or automatically, in securities issued by private entities with one of the top two short-term ratings determined by each of the recognized rating agencies, or in securities with an investment grade rating issued by public entities. Securities in foreign currencies will be hedged against the currency risk.
Documents
| Language | Documents | Type | Closing Date |
|---|---|---|---|
NL | PDF | 26/05/2026 | |
EN | PDF | 31/03/2026 | |
PDF | 16/04/2026 | ||
PDF | 30/09/2025 | ||
PDF | 16/04/2026 | ||
EN | PDF | 16/05/2025 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
EN | PDF | 19/06/2025 |
Prices expressed in a currency other than the base currency of the portfolio are available for information purposes only.
Nothing contained in this site constitutes a solicitation or offer by any member of the Amundi to provide any investment advice or service or to purchase or sell any financial instruments. The information it contains aims to inform the subscriber by providing information on the UCITS supplemental to that appearing in the Information Memorandum. The material provided on this site is presented as of the date shown and "as is". Amundi does not expressly or impliedly warrant the accuracy of the information provided on this site and expressly disclaims any warranties of fitness of this site for any particular purpose. This material reflects the opinion of the management company at the date of printing. The material is based upon information that we consider reliable, but we do not represent it is accurate, complete, valid or timely and it should not be relied on as such for any particular purpose. Any subscription should be based solely on the Information Memorandum provided to subscribers prior to the subscription and/or available upon request.
The collective inestment scheme (UCITS) has been recognised for public marketing in the Netherlands by the Authority for The Financial Markets (AFM)
Nothing contained in this site constitutes a solicitation or offer by any member of the Amundi to provide any investment advice or service or to purchase or sell any financial instruments. The information it contains aims to inform the subscriber by providing information on the UCITS supplemental to that appearing in the Information Memorandum. The material provided on this site is presented as of the date shown and "as is". Amundi does not expressly or impliedly warrant the accuracy of the information provided on this site and expressly disclaims any warranties of fitness of this site for any particular purpose. This material reflects the opinion of the management company at the date of printing. The material is based upon information that we consider reliable, but we do not represent it is accurate, complete, valid or timely and it should not be relied on as such for any particular purpose. Any subscription should be based solely on the Information Memorandum provided to subscribers prior to the subscription and/or available upon request.
The collective inestment scheme (UCITS) has been recognised for public marketing in the Netherlands by the Authority for The Financial Markets (AFM)