Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
37.9 mln EUR
NAV
338.1 USD (1 September 2026)
Domicile
France
Inception date
5 September 2018
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 World Swap II UCITS ETF USD Hedged Dist tracks the issuer-declared index: MSCI World 100% Hedged to USD Net Total Return Index. Mind the share class: this is the version hedged to USD — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.30%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication (swap based); income is accumulated and reinvested in the fund. The fund has assets of about 38 million euro, was launched on 5 September 2018 and is domiciled in France.
The fund’s objective — in the issuer’s words
The Sub-fund is a passively managed index-based UCITS. The Sub-fund's objective is to replicate, both upwards and downwards, the performance of the MSCI World Net Total Return Index (net dividends reinvested) (the "Benchmark"), denominated in US dollars (USD) and representative of the performance of large- and mid-cap companies in all developed countries, while minimising the tracking error between the Fund's performance and that of the Benchmark. The expected level of the Tracking Error under normal market conditions is indicated in the Fund prospectus. More detailed information on MSCI indices is available on the MSCI website (www.msci.com). The Sub-fund aims to achieve its objective by means of indirect replication, namely by entering into one or more OTC swaps (forward financial instruments, "FFIs"). The Sub-fund may invest in a diversified portfolio of international shares whose performance will be exchanged against that of the Benchmark through FFIs. The updated composition of the portfolio of securities held by the Fund is mentioned on the website amundietf.com. In addition, the indicative net asset value appears on the Fund's Reuters and Bloomberg pages and may also be mentioned on the Fund's stock exchange websites. In order to hedge the currency risk of the share class against that of the Index, the Sub-fund uses a hedging strategy that reduces the impact of variations between the Index currency and the share class currency.
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 and receive income 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 Sub-fund's shares are listed and traded on one or more stock exchanges. Under normal circumstances, you can trade shares during stock exchange trading hours. Only authorised participants (e.g. selected financial institutions) can trade shares directly with the Sub-fund on the primary market. Further details are provided in the MULTI UNITS FRANCE prospectus.
Distribution Policy:In accordance with the prospectus, income and capital gains from sales may be capitalised or distributed at the discretion of the SICAV. 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.
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) · USD · from Jan 2014 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+239.4%
Annualised
+10.1%
Volatility (ann.)
14.5%
Max drawdown
-32.57%
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.
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.
Max drawdown
-32.57%
peak → trough
Trough
23 Mar 2020
from the 19 Feb 2020 peak
Recovery time
163 days
recovery only: trough to break-even · ≈ 5 months
Underwater
196 days
decline + recovery: peak to break-even · ≈ 6 months · → recovered on 02 Sept 2020
The five worst falls in the period
From the peak of
Trough
Depth
Back to break-even
Days underwater
19 Feb 2020
23 Mar 2020
-32.57%
02 Sept 2020
196
04 Jan 2022
12 Oct 2022
-22.29%
14 Dec 2023
709
21 May 2015
11 Feb 2016
-19.60%
25 Jan 2017
615
21 Sept 2018
24 Dec 2018
-17.59%
23 Apr 2019
214
18 Feb 2025
08 Apr 2025
-17.10%
26 Jun 2025
128
Calendar-year returns
2016
6.5%
2017
16.5%
2018
-8.8%
2019
26.2%
2020
12.3%
2021
22.6%
2022
-17.0%
2023
22.6%
2024
19.9%
2025
17.4%
2026
13.4%
Month-by-month returns
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Year
2026
1.7
1.0
-5.6
9.0
4.8
-0.1
0.3
2.4
-0.3
13.4
2025
3.5
-0.9
-5.0
-0.4
6.0
3.8
2.1
2.1
3.3
2.6
0.3
-0.7
17.4
2024
1.8
4.7
3.4
-3.1
4.1
2.4
1.3
1.9
1.6
-0.8
4.9
-3.4
19.9
2023
6.6
-1.5
2.6
1.7
-0.2
5.8
3.0
-1.7
-3.6
-2.6
8.4
2.9
22.6
2022
-4.9
-2.6
3.1
-6.8
-0.2
-7.7
7.6
-3.4
-8.2
7.2
5.8
-6.5
-17.0
2021
-0.8
2.7
4.2
4.1
1.3
2.1
0.9
2.7
-3.7
5.5
-1.5
3.5
22.6
2020
-0.2
-8.0
-12.7
10.6
4.7
2.4
2.3
6.3
-2.9
-3.0
12.1
3.0
12.3
2019
7.3
3.4
1.7
3.8
-5.6
6.0
-0.2
-1.9
2.4
1.9
3.2
2.2
26.2
2018
3.8
-3.5
-2.3
2.0
1.3
0.4
1.8
1.4
0.8
-6.7
1.2
-8.6
-8.8
2017
1.3
3.1
1.0
1.2
1.5
0.0
0.1
0.2
2.3
2.6
1.6
0.5
16.5
2016
-5.4
-1.5
5.3
0.9
1.8
-1.3
2.4
0.4
0.2
-0.6
2.6
1.9
6.5
2015
-0.6
5.9
-0.4
1.0
1.3
-3.0
0.8
-6.7
-3.5
7.9
0.6
-3.0
-0.7
2014
4.2
0.1
0.7
2.2
1.3
-2.0
2.6
-1.0
1.1
2.8
-1.4
6.9
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 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.09% /anno
Declared TER
0.30%
Year
Fund
Index
Difference
2025
+18.92%
+19.03%
-0.11%
2024
+21.80%
+21.87%
-0.06%
2023
+24.21%
+24.30%
-0.09%
2022
-15.40%
-15.38%
-0.02%
2021
+24.34%
+24.38%
-0.04%
2020
+14.15%
+14.27%
-0.12%
2019
+28.20%
+28.43%
-0.23%
2018
-6.76%
-6.59%
-0.17%
2017
+18.92%
+19.13%
-0.21%
2016
+9.22%
+9.39%
-0.17%
Fund return with dividends reinvested by Rebalix on each ex-date (the issuer does not publish a total-return series); index from the issuer-declared series; complete calendar years covered by our dividend archive. 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 year
Last 3 years
Last 5 years
Last 10 years
Full history
Volatility (ann.)
10.84%
13.53%
15.02%
15.97%
15.99%
Max drawdown
-6.12%
-21.10%
-21.10%
-32.46%
-32.46%
Sharpe
1.51
0.90
0.62
0.68
0.69
Sortino
2.22
1.25
0.87
0.94
0.95
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 — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.
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. Synthetic replication: the list shows the substitute basket (securities held as swap collateral), which can differ substantially from the replicated index. The fund’s economic exposure is that of its declared index.
Per-share dividends as declared by the issuer, in USD, since the first payment (9 Jul 2014). Past dividends are not indicative of future ones. An «estimated» payment date is computed by Rebalix (ex-date + 2-3 business days, as this issuer has paid in the past) because the issuer does not publish it: it may differ by a day.
Stock exchange listings
Exchange
Ticker
Trading since
Börse Düsseldorf
NK4S
13 Apr 2023
Börse Hamburg
NK4S
15 Feb 2021
Börse Hannover
NK4S
16 Jan 2026
Tradegate Exchange
NK4S
27 Nov 2024
+ 6 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 World Swap II UCITS ETF USD Hedged Dist track?
The issuer Amundi declares the benchmark: MSCI World 100% Hedged to USD Net Total Return Index.
How much does WLDHU cost?
The issuer-declared TER is 0.30% per year; the transaction costs estimated in the KID are 0.00%.
What is the fund size of WLDHU?
The fund size declared by Amundi is about 38 million euro.
When was WLDHU launched?
The fund was launched on 5 September 2018: it has 8 years of history.
How does WLDHU replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).
Does WLDHU pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation and/or distribution”).
Where does WLDHU trade?
Per the official ESMA register it trades on 4 main exchanges, including Börse Düsseldorf (NK4S), Börse Hamburg (NK4S), Börse Hannover (NK4S), Tradegate Exchange (NK4S).
What was WLDHU's worst fall?
Over the available history (since 2014), the maximum drawdown was -32.57%, reached in March 2020. Past performance is not indicative of future results.
What is WLDHU's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.09% per year versus its index (from issuer-declared series).
How many securities does WLDHU hold?
The declared portfolio holds 251 securities; the top 10 positions weigh 47.7%.
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.