Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)

The Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) is an exchange-traded fund that tracks the Shiller Barclays CAPE® Europe Sector Value Strategy. It invests in European equity sectors identified as undervalued using the Cyclically Adjusted Price-to-Earnings (CAPE) ratio, a valuation metric developed by economist Robert Shiller to assess long-term market value by averaging inflation-adjusted earnings over 10 years. This approach enables dynamic sector rotation, shifting exposure toward sectors with relatively lower CAPE ratios to capture value opportunities across European markets. Structured as a UCITS-compliant ETF domiciled in Luxembourg and managed by Ossiam, a Natixis Investment Managers affiliate, the fund employs a long-only strategy with physical replication and is currency-unhedged in euros. Launched on December 30, 2014, it follows an accumulating distribution policy, reinvesting dividends to enhance share price growth rather than paying them out. With assets under management around 137 million euros and a total expense ratio of 0.65% per annum, it provides investors targeted access to European value-oriented equities without direct sector selection, grounded in academic research on valuation disciplines. This ETF plays a role in diversified portfolios seeking systematic value exposure in the European equity landscape.