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Amundi MSCI EMU High Dividend UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: FR0010717090Ticker: CD8Issuer: AmundiClass: UCITS ETF Acc
Issuer-declared data
Declared index
MSCI EMU High Dividend Yield Net Total Return Local Index
TER
0.30%
Transaction costs
0.09% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
388.3 mln EUR
NAV
215.03 EUR (1 September 2026)
Domicile
France
Inception date
26 February 2009
Data as declared by Amundi in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Amundi MSCI EMU High Dividend UCITS ETF Acc tracks the issuer-declared index: MSCI EMU High Dividend Yield Net Total Return Local Index. The declared annual cost (TER) is 0.30%, plus 0.09% in transaction costs estimated by the issuer in the KID. Replication is direct physical replication; income is accumulated and reinvested in the fund. The fund has assets of about 388 million euro, was launched on 26 February 2009 and is domiciled in France. In our registry it is the largest by assets among the 2 ETFs declaring the same index.

The fund’s objective — in the issuer’s words

By subscribing to Amundi MSCI EMU High Dividend UCITS ETF (the "Fund"), you are investing in a passively managed UCITS whose objective is to replicate as closely as possible the performance of the MSCI EMU High Dividend Yield strategy index (the "Benchmark"), regardless of whether it experiences a positive or negative development. The maximum tracking error objective between the growth of the net asset value of the Fund and that of the Index is indicated in the Fund's prospectus. The Fund's Benchmark, net dividends reinvested (dividends, net of tax, paid by the equities in the Benchmark are included in the Benchmark calculation), denominated in US dollars and countervalued in euro, is calculated and published by the index provider MSCI. The equities included in the Benchmark are derived from the universe of the most significant securities on the markets of 10 countries in the European Economic and Monetary Union, and with the highest dividend rates in their respective countries. More information on the composition and operating rules of the Benchmark can be found in the prospectus and on msci.com. The Benchmark is available via Reuters (.dMYEM00000NUS) and Bloomberg (M1EMHDVD). In order to replicate the Benchmark, the Management Company employs "passive" management using the direct replication method consisting of investing in financial securities that are part of the Benchmark in proportions that are extremely close to those of the Benchmark. The Management Company may decide to use the "sampling" technique consisting of investing in a selection of representative securities that make up the Benchmark (and not all securities), in proportions different from those of the Benchmark or even to invest in securities not included in the Benchmark. Eligible forward financial instruments and/or temporary purchases and sales of securities may be used for hedging and/or exposure purposes. You will have a permanent investment, via the Fund's assets, of at least 75% in securities eligible for the French Equity Savings Plan (PEA, a savings plan reserved for French investors).

Keep reading the KID section ▾

Intended retail investors:This product is intended for investors with a basic knowledge and/or no or limited experience of investing in funds, who are seeking to increase the value of their investment over the recommended holding period and who are able to bear a loss of up to the full amount invested. The product is not open to residents of the United States of America/"U.S. Person" (the definition of "U.S. Person" is available on the Management Company's website www.amundi.com and/or in the prospectus). Redemption and transaction: The Fund's units are listed and traded on one or more stock exchanges. Under normal circumstances, you can trade units during trading hours. Only authorised participants (e.g. selected financial institutions) can trade units directly with the Fund on the primary market. Further details are provided in the Fund's prospectus.

Distribution Policy:As this is a non-distributing unit class, investment income is reinvested. More information: Further information regarding this product, including the prospectus and financial reports, is available free of charge on request from: Amundi Asset Management, 91-93 boulevard Pasteur, 75015 Paris, France.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.30%: above the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: +0.12% p.a., against a declared TER of 0.30%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · EUR · from Jul 2017 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+102.6%
Annualised
+8.0%
Volatility (ann.)
15.6%
Max drawdown
-37.28%
-25%+9%+43%+77%+110%Jul 2017Oct 2019Feb 2022May 2024Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+103%Jul 2017Sept 2026
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-10%-20%-30%-40%-50%20172019202120232025−37.28% · 16 Mar 2020
Max drawdown
-37.28%
peak → trough
Trough
16 Mar 2020
from the 19 Feb 2020 peak
Recovery time
388 days
recovery only: trough to break-even · ≈ 1 year and 1 month
Underwater
414 days
decline + recovery: peak to break-even · ≈ 1 year and 2 months · → recovered on 08 Apr 2021

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 Feb 202016 Mar 2020-37.28%08 Apr 2021414
05 Jan 202229 Sept 2022-20.84%03 Mar 2023422
06 Mar 202509 Apr 2025-14.64%16 May 202571
22 May 201827 Dec 2018-12.51%19 Mar 2019301
14 May 202406 Aug 2024-8.97%30 Jan 2025261

Calendar-year returns

2017
0.7%
2018
-4.0%
2019
23.8%
2020
-6.4%
2021
16.4%
2022
-6.7%
2023
16.7%
2024
3.6%
2025
20.9%
2026
13.9%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.26.0-3.33.90.52.33.90.2-0.313.9
20255.83.5-1.80.03.9-1.61.21.6-0.41.73.32.320.9
20241.02.53.7-1.42.3-4.01.71.7-0.2-3.4-0.70.83.6
20236.42.00.92.6-3.53.82.2-1.6-0.7-3.44.92.616.7
2022-0.3-4.6-1.11.10.3-9.13.1-2.9-6.29.57.1-2.3-6.7
2021-0.30.97.9-0.41.90.12.02.4-5.02.4-1.85.816.4
2020-2.3-8.0-17.66.73.64.3-0.41.8-1.2-6.016.00.5-6.4
20195.93.30.64.5-5.25.5-1.6-0.85.62.10.81.423.8
20182.4-1.7-1.05.9-3.00.14.4-2.00.8-4.9-0.3-4.1-4.0
20170.22.53.1-1.8-2.10.7
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: Amundi. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 6 of the last 8 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.12% /anno
Declared TER
0.30%
YearFundIndexDifference
2025+20.87%+20.82%+0.05%
2024+3.61%+3.46%+0.15%
2023+16.71%+16.54%+0.17%
2022-6.69%-6.74%+0.05%
2021+16.40%+16.43%-0.03%
2020-6.38%-6.29%-0.09%
2019+23.78%+23.62%+0.16%
2018-4.00%-4.29%+0.29%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)9.87%11.13%13.15%15.38%
Max drawdown-6.25%-14.64%-20.84%-37.28%
Sharpe1.870.910.560.48
Sortino2.761.240.780.65
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
85
Top-10 weight
43.6%

Top 10 holdings

CAIXABANK SA · CABK SM
4.95%
ALLIANZ SE-REG · ALV GY
4.94%
DHL GROUP (XETRA) · DHL GY
4.94%
AXA SA · CS FP
4.54%
MUENCHENER RUECKVER AG-REG · MUV2 GY
4.41%
SANOFI - PARIS · SAN FP
4.28%
ENEL SPA · ENEL IM
4.05%
TOTALENERGIES SE PARIS · TTE FP
4.01%
VINCI SA (PARIS) · DG FP
3.91%
GENERALI MILAN · G IM
3.58%

Sectors

Financials
40.8%
Industrials
13.8%
Utilities
9.5%
Energy
8.8%
Consumer Staples
7.4%
Consumer Discretionary
7.4%
Communication Services
5.2%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustria: 1.7%AzerbaijanBurundiBelgium: 1.8%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 21.5%DjiboutiDenmark: 0.1%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 10.9%EstoniaEthiopiaFinland: 5.1%FijiFalkland IslandsFrance: 29.6%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 2.5%IranIraqIcelandIsraelItaly: 13.7%JamaicaJordanJapan: 0.1%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 9%NorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 1%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 0.1%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 2.1%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
France29.6%
Germany21.5%
Italy13.7%
Spain10.9%
Netherlands9%
Finland5.1%
Ireland2.5%
Download the full portfolio — Excel, 86 rows
Full portfolio declared by Amundi, as of 1 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

ETFs declaring the same index

FundTERIncomeFund size
EDHE · Amundinot on Borsa Italiana
0.30%Dist.254,355 EUR
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

FR0010717090
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Börse Düsseldorf17 Feb 2012
Börse Frankfurt23 May 2011
Börse Hamburg15 Jan 2014
Börse Hannover14 Dec 2022
Börse München / gettex22 Dec 2010
Börse Stuttgart16 Mar 2010
Euronext ParisCD82 Mar 2009
Tradegate Exchange15 Apr 2011
Xetra (Deutsche Börse)CD8GR16 Mar 2010
+ 24 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Amundi MSCI EMU High Dividend UCITS ETF Acc track?
The issuer Amundi declares the benchmark: MSCI EMU High Dividend Yield Net Total Return Local Index.
How much does CD8 cost?
The issuer-declared TER is 0.30% per year; the transaction costs estimated in the KID are 0.09%.
What is the fund size of CD8?
The fund size declared by Amundi is about 388 million euro.
When was CD8 launched?
The fund was launched on 26 February 2009: it has 17 years of history.
How does CD8 replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does CD8 pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does CD8 trade?
Per the official ESMA register it trades on 9 main exchanges, including Euronext Paris (CD8), Xetra (Deutsche Börse) (CD8GR).
What was CD8's worst fall?
Over the available history (since 2017), the maximum drawdown was -37.28%, reached in March 2020. Past performance is not indicative of future results.
What is CD8's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.12% per year versus its index (from issuer-declared series).
How many securities does CD8 hold?
The declared portfolio holds 85 securities; the top 10 positions weigh 43.6%.
Transparency note
The data in this sheet is declared by Amundi in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.