ALPHA ENHANCED US UCITS ETF

Issuer: BNP Paribas Asset Management

Asset Class: Equity

TER: 35

Trading Currency: USD

Pays Income: False

Listing Date: 04 Nov 2025

Ticker: QUSA

ISIN: IE000V3AQGW3

This actively managed fund offers a sophisticated approach to investing in the U.S. equity market, aiming for capital appreciation over the medium term. The core of the strategy is built upon a long-only portfolio providing comprehensive exposure to a broad range of American companies. This foundational allocation ensures participation in the general growth trajectory of the U.S. market, forming a stable base for the investment vehicle.

What sets this investment apart is its systematic long/short overlay, a sophisticated layer designed to generate additional returns, or alpha, by exploiting identified market inefficiencies. The overlay's positions are determined by a quantitative model that analyzes companies based on a combination of well-established investment factors, including value, quality, momentum, and low volatility. This multi-factor approach systematically selects stocks to go long (buy) and short (sell), seeking to capture performance from these specific characteristics and enhance the overall portfolio return.

The strategy also incorporates a robust Environmental, Social, and Governance (ESG) framework. This involves excluding companies operating in controversial sectors, such as tobacco and controversial weapons, as well as those with poor ESG ratings. By combining broad market exposure with a factor-driven alpha engine and a commitment to responsible investing, the fund offers a compelling proposition for those seeking to potentially outperform traditional passive U.S. equity strategies while adhering to sustainable principles.