KEY INVESTOR INFORMATION (KIID)

This document provides you with key investor information about this fund. It is not
marketing material. The information is required by law to help you understand the nature
and the risks of investing in this fund. You are advised to read it so you can make an
informed decision about whether to invest.

Beta Neutral, a Sub-Fund of Eurizon AM SICAV

Share Class: I EUR Accumulation (EUR Accumulation, ISIN: LU0728031161)
This Sub-Fund is managed by Eurizon Capital S.A., a company of Intesa Sanpaolo Group

OBJECTIVES AND INVESTMENT POLICY

The Sub-Fund is characterized by a dynamic investment style,
focused on the pursuit of absolute return.
The Sub-Fund will mainly invest in:
q equity financial instruments and/or related to representative
securities of the risk capital, listed on regulated markets,
without any constraint on geographical area and/or industry
sector of the issuer. Investments are primarily made in financial
instruments of issuers of medium-high capitalization and
financial derivative instruments, denominated in Euro and/or
other currencies.
q cash, bank deposits, fixed income instruments and/or securities
of fast and safe liquidity, and use financial tools and techniques
intended to cover the risks and exploitation of potential market
opportunities, including repurchase agreement operations, repo
operation, stock lending and other comparable operations.
q derivatives traded on regulated markets or over-the-counter,
including, without limitation, futures, options, swaps, forwards,
without limits in terms of underlying assets (except what
stipulated in the investment limits described in Part III, Section III
of the SICAV's Prospectus), geographic area, or currency, in
order to hedge from risks, efficient portfolio management and
investment purposes.
The Sub-Fund shall not invest more than 10% of its net assets in
other UCITS or UCIs.
Due to its dynamic investment style, the Sub-Fund has no
Benchmark. The Sub-Fund is actively managed.
You may redeem shares on any Luxembourg banking day.
Recommendation: this Sub-Fund may not be appropriate for
investors who plan to withdraw their money within 5 years.
Distribution Policy This is a capitalisation class.

RISK AND REWARD PROFILE

Lower risk Higher risk q The historical data such as is used to calculate the synthetic risk
and reward indicator may not be a reliable indication for the
Potentially lower reward Potentially higher reward future risk profile of the Sub-Fund.
q The risk and reward category shown is not guaranteed to remain
1 2 3 4 5 6 7 unchanged and the categorization of the Sub-Fund may shift
over time.
q The synthetic indicator shall rank the sub-fund on a scale from 1
q Even the lowest risk category does not mean a risk-free
to 7 on the basis of its volatility record.
investment.
q The scale is shown as a sequence of categories denoted by the
q This Sub-Fund is classified in the risk and reward category 4 as
whole numbers in ascending order from 1 to 7 running from left
the variability of weekly rewards achieved over the past 5 years is
to right, representing levels of risk and reward, from lowest to
highest. included between 5% and 10% (estimated data for sub funds
with less than 5 years of history).
 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.
One-off charges taken before or after you invest
Entry charge
Exit charge
This is the maximum that might be taken out of your money before it
is invested and before the proceeds of your investment are paid out.
Charges taken from the fund over a year
Ongoing charge
Charges taken from the fund under certain specific
conditions
Performance fee:
From 1 January 2022, a performance fee will be introduced. The
performance fees are calculated in accordance with the
methodology described in the prospectus using a participation
rate of 10.00% of the positive difference between any returns the
Fund achieves above the highest Net Asset Value per Unit reached
PAST PERFORMANCE
% Q Fund
1.3
2
0.8
1 with the exception of the entry and exit charges.
0 The past performance of the Sub-Fund is calculated in Euro.
-0.3
-1
-1.1
-2
-3
-2.8
-3.3
-3.3
-4
-5
-5.1
-6
Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
PRACTICAL INFORMATION
This document contains the Key Investor Information on Eurizon
AM SICAV – Beta Neutral I EUR Accumulation Sub-Fund.
Management Company of the SICAV: Eurizon Capital S.A.
Depositary of the SICAV: State Street Bank International Gmbh,
Luxembourg Branch
Copies of the SICAV's Prospectus (in Italian and English language)
and of the latest annual and half-yearly reports (in English
language) may be obtained free of charge at any moment at the
registered office of the SICAV, the Management Company and at
the offices of the distributors of the shares of the Sub-Fund. Details
of the Remuneration Policy, including the persons in charge of
determining the fixed and variable remunerations of the staff, a
description of the key remuneration elements and an overview of
how remuneration is determined, is available on the website
www.eurizoncapital.com. A paper copy of the summarised
Remuneration Policy is available free of charge to the
Shareholders upon request. The latest price of the shares is made
available by the Management Company every banking day in
Luxembourg and at the offices of the distributors of the shares of
This Sub-Fund is authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Eurizon Capital
S.A. is authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF). This key investor
information document is accurate as at 18/02/2022.
at the end of the five previous calendar years and the Bloomberg
Euro Treasury Bills Index® + 2.40% per year.
The entry and exit fees shown in the chart are maximum figures. In
some cases you might pay less. You can find this out from your
financial adviser or from the distributors.
none
none There are no switch fees.
The ongoing charges figure is based on expenses for the year
ending on 31/12/2021. This figure may vary from year to year.
It excludes:
q performance fees and;
0.47%
q portfolio transaction costs, except in the case of an entry/exit fee
paid by the Sub-Fund when buying or selling shares in another
collective investment undertaking.
For more information about charges and fees, including the
information of the calculation criteria of the performance
fees, please see Part I, Section "Charges, fees and taxation"
of the SICAV's Prospectus, available on the website www.
eurizoncapital.com.
The performance figures shown in the chart are not a reliable
indication of future performance.
The past performance takes into account all the costs and charges,
Date of setting up of the SICAV: 27/03/1991.
-0.7
Launch date of the Sub-Fund: 23/01/2012
Launch date of the share class: 2012
the Sub-Fund and on the website www.eurizoncapital.com. The
SICAV is divided into multiple sub-funds. The assets of each sub-
fund are segregated from other sub-funds of the SICAV. The
Prospectus refers to all sub-funds of the SICAV.
You may convert the shares of the Sub-Fund into shares of another
sub-fund provided that the conditions for accessing to shares in the
relevant class are fulfilled. Information on conversion right
procedure is set out in Part I Section "Subscriptions, Redemptions
and Conversions" of the SICAV's Prospectus.
The SICAV and the Management Company 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 SICAV's Prospectus. The SICAV is subject to the
Luxembourg tax legislation. Said legislation may have an impact
on your personal tax position. The Sub-Fund may issue other
classes of shares for the categories of investors defined in its
Prospectus.