The «white-list» share is the percentage of an ETF invested in government bonds, taxed at 12.5% instead of 26% in Italy. Issuers certify it every semester in hard-to-find PDF and Excel files: we collect them all — 2,008 funds (3,078 ISINs) from 14 issuers — with the effective rate already computed.
One fund can have several share classes (accumulating/distributing, currencies, hedging): each class has its own ISIN, the white-list share is the same for all.
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Honest coverage: VanEck does not publish the white-list document on its website (confirmed by the issuer); HSBC and iM Global Partner do not appear to publish it either. Note: this does not mean the share does not exist — some issuers only communicate it to intermediaries. For those funds, check directly with your broker or bank. A 26% rate is (almost never) missing data: for equity-only ETFs it is simply the correct rate (no government bonds in the portfolio), and recently launched ETFs are taxed at 26% on a transitional basis until the issuer certifies the first share. Certified shares reach intermediaries through the same channels: banks and brokers normally apply them automatically and can make an adjustment if figures differ — when in doubt, your intermediary's figure prevails. Data is semi-annual (that's the issuers' publishing rhythm): an automatic weekly check watches for new documents and delays. Know an issuer that publishes the document and is missing here? Write to hello@rebalix.eu.
| Issuer | Funds | ISINs | Covered until |
|---|---|---|---|
| iShares/BlackRock | 428 | 924 | 31 Dec 2026 |
| Amundi | 617 | 642 | 31 Dec 2026 |
| UBS | 120 | 375 | 31 Dec 2026 |
| Invesco | 313 | 313 | 31 Dec 2026 |
| State Street/SPDR | 125 | 179 | 31 Dec 2026 |
| DWS/Xtrackers | 173 | 173 | 31 Dec 2026 |
| JPMorgan | 60 | 154 | 31 Dec 2026 |
| WisdomTree | 43 | 81 | 31 Dec 2026 |
| Vanguard | 23 | 76 | 31 Dec 2026 |
| Franklin Templeton | 51 | 51 | 31 Dec 2026 |
| BNP Paribas | 12 | 46 | 31 Dec 2026 |
| Fidelity | 13 | 24 | 31 Dec 2026 |
| Fineco AM | 21 | 21 | 31 Dec 2025not current |
| PIMCO | 9 | 19 | 30 Jun 2026not current |
In Italy, ETF capital gains are taxed at 26%, but the portion invested in Italian and «white-list» government bonds enjoys 12.5%. Effective rate = 12.5% × share + 26% × (1 − share). The share of the semester in which the sale occurs counts: your broker applies it, based on the issuer's official document. Each page in this database shows the share, the computed rate, the validity semester and the source.
It is the percentage of assets invested in Italian and cooperating-country («white-list») government bonds. On that portion the capital gain is taxed at 12.5% instead of 26%. The issuer certifies it every semester as the average of the last two reports.
An ETF (the fund) can have several share classes: accumulating or distributing, in different currencies, hedged or unhedged. Each class has its own ISIN and ticker, but the portfolio is the same — so the white-list share, and the effective rate, are identical across all classes. That is why we count 2,008 funds and 3,078 ISINs: search your class's ISIN and the page also shows its siblings.
Search above by ISIN or name: the page shows the share, the effective rate and the validity semester with the source. Alternatively, the official documents are on issuer websites (often behind professional-investor areas).
Almost always: it holds no government bonds, so the full 26% applies. The share matters for government-bond ETFs (often 90-100% → ~12.5-13%) and multi-asset funds (intermediate share).
A recently established fund has no semi-annual report yet, so the share is not determinable: by law it counts as zero (26%) on a transitional basis until the first report is out.
Rebalix follows white-list share, coupons, dividends and real return — ETFs, stocks, bonds and crypto together.
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