When we talk about annualised yield, we refer to the Yield to Maturity (YTM), which is always communicated net of the fund’s ongoing charges. This figure is purely indicative, does not represent a guarantee of expected future returns, and is not a guaranteed minimum return.
It is calculated based on current market conditions at the time of calculation, is regularly updated to reflect market changes, and considers a short or very short investment horizon.
The figure is annualised and corresponds to the weighted average Yield to Maturity (YTM) of the securities in which the money market fund invests net of fund fees.
The YTM assumes that the following conditions are met: 1)The securities are held until their maturity date or, in the case of floating-rate instruments, until the next rate reset; 2) Any income generated by the securities is reinvested at the YTM rate; 3) Timely payment of all cash flows generated by the securities (such as full/partial repayment of capital, interest payments, etc.).
The return is annualised because it is calculated on a portfolio of securities with a very short Weighted Average Maturity (WAM).
We invite you to consult the Fund Prospectus and KID before making a final investment decision. They are available on the website www.amundi.it and on the App.
How is the return displayed in the app broken down?
Like this – but please note:
🔔 The values shown are for illustrative purposes only and do not represent actual costs or returns.
· Gross return rate: 3.10%
· Service fees: -0.75% (including Satispay’s 0.50% fee)
· Annualised return (before applicable taxation): 2.35%
What happens when I withdraw from the Invested Money Box?
When you make a withdrawal, the return will depend on the performance of the fund as well as on how long you kept your investment. It will be calculated automatically, net of taxes.
Remember that taxation depends on your personal situation and may change in the future.