ETF sheet · Issuer-declared data

AMUNDI PHYSICAL GOLD ETC (C)Index, costs, backtest, listings and taxation

ISIN: FR0013416716Ticker: GOLDIssuer: Amundi

Commodities on the underlying LMBA Gold Price PM USD, physical replication, accumulating. Share class in US dollars (USD).

0.12% + 0.00%

TER + KID transaction costs ✓ declared by the issuer

11.6 bn €

share-class assets ✓ declared by the issuer

−0.16 pt /year

average tracking difference 2023–2025 · year by year ↓ ≈ average of issuer-declared yearly TD

Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name

AMUNDI PHYSICAL GOLD ETC (C)

Underlying

LMBA Gold Price PM USD

Replication

Physical

Domicile

Ireland

Share class · this page

ISIN

FR0013416716

Ticker

GOLD

Share-class currency

US dollars (USD)

TER

0.12%

Transaction costs

0.00% (issuer estimate, from the KID)

Income policy

Accumulating

Share-class assets

11.6 bn EUR

NAV

164.45 USD (15 October 2026)

Share-class launch

21 May 2019

Data as declared by Amundi in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.

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OverviewIn this sectionQuick reads Fund objective What changed over time

Quick reads

TER 0.12%below the median of commodity products we track (0.30%).≈ computed by Rebalix
Assetslarger than 95% of commodity products we track.≈ computed by Rebalix

✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

AMUNDI PHYSICAL GOLD ETC (C) tracks the issuer-declared underlying: LMBA Gold Price PM USD. The declared annual cost (TER) is 0.12%, plus 0.00% 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 11.6 billion euro, was launched on 21 May 2019 and is domiciled in Ireland.

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

The ETC securities provide exposure to physical gold and are valued based on the London Bullion Market Association (LBMA) gold price. The Issuer holds physical gold. Each ETC security has a metal entitlement (“Metal Entitlement”), which is the amount of physical gold backing the ETC security.
Keep reading the KID section ▾
The Metal Entitlement is reduced on a daily basis to reflect the total expense ratio. Such total expense ratio and the daily Metal Entitlement can be found on www.amundietf.com. The ETC securities are not capital protected and you may lose some or all of your investment. You may choose to sell your ETC securities prior to the maturity date in accordance with your investment objectives. You should be aware that the ETC securities entitle you to receive a payment calculated by reference to the value of gold. The gold price fluctuates daily and the value of gold is driven by various factors including its rarity, use in industrial processes and its use as an investment commodity. Pricing of precious metals can be impacted by fundamental issues of supply and demand, political and economic situations (especially in precious metal producing countries) and natural disasters. These factors may all affect the value of your investment. The ETC's base currency is US dollars. The ETC securities can be listed and traded in currencies other than US dollars on one or more stock exchanges. The performance of the ETC securities may be affected by this currency difference.
Intended retail investors:The ETC securities are intended for retail investors who (1) can bear loss of capital and who are not looking for capital guarantee and (2) seek a product offering an exposure to the performance of gold and are willing to hold a medium to long-term investment. Term: This series of ETC securities has a 99Year term with a scheduled maturity date of 23 May 2118. In certain circumstances the Issuer, subject to prior written notice, has the right to terminate the product in a limited number of circumstances, as set out in the Prospectus. The ETC may also be terminated if certain service providers appointed by the Issuer resign or their appointment is terminated and no successor has been appointed within 120 days.

From the KID’s “Objectives” section · KID acquired on 4 August 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

What has changed in the fund over time

Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.

Share-class launch
21 May 2019
declared by the issuer
Basket snapshots
none so far
from the next monthly run
Dated events
none so far
TER, index, name, tax: every change is an event

Open the history →

PerformanceIn this sectionChart Backtest Tracking difference

Fund performance

issuer-declared net asset value (NAV) · USD (loading exchange rates) · from May 2019 to Oct 2026

Adjusted for inflation

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+226.3%

Annualised

+17.3%

Volatility (ann.)

17.5%

Max drawdown

-26.15%

21 May 2019 → 16 Oct 20267 years and 5 months · +226.3%

Accumulating class: income is reinvested inside the fund and already reflected in the NAV; no distribution is left out of the chart.

Calculations on the NAV: issuer total-return series not available.

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.

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

-26.15%

peak → trough

Trough

16 Jul 2026

from the 29 Jan 2026 peak

Recovery time

not yet

recovery only: trough to break-even

Underwater

260 days

decline + recovery: peak to break-even · ≈ 9 months · (ongoing)

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
29 Jan 2026	16 Jul 2026	-26.15%	ongoing	260
06 Aug 2020	03 Nov 2022	-21.45%	28 Dec 2023	1,239
06 Mar 2020	19 Mar 2020	-12.44%	14 Apr 2020	39
20 Oct 2025	28 Oct 2025	-8.06%	12 Dec 2025	53
30 Oct 2024	14 Nov 2024	-7.58%	30 Jan 2025	92

Calendar-year returns

2019

19.7%

since launch, 21 May

2020

24.0%

2021

-3.9%

2022

-0.5%

2023

13.7%

2024

26.4%

2025

64.8%

2026

-2.8%

2019: the share class was launched on 21 May 2019; the return runs from launch to 31 December 2019 and is not a full year.

Month-by-month returns

2026Year -2.8%

Jan

15.6

Feb

4.8

Mar

-11.8

Apr

0.1

May

-1.4

Jun

-11.4

Jul

0.0

Aug

14.3

Sept

-9.3

Oct

0.3

Nov

Dec

2025Year 64.8%

Jan

7.7

Feb

0.8

Mar

9.9

Apr

6.0

May

-0.8

Jun

0.3

Jul

0.3

Aug

3.9

Sept

11.5

Oct

4.9

Nov

4.5

Dec

2.8

2024Year 26.4%

Jan

-0.5

Feb

-0.3

Mar

8.1

Apr

4.2

May

1.8

Jun

-0.7

Jul

4.1

Aug

3.6

Sept

4.6

Oct

4.0

Nov

-3.0

Dec

-1.5

2023Year 13.7%

Jan

6.1

Feb

-5.2

Mar

8.5

Apr

0.1

May

-0.9

Jun

-2.7

Jul

3.0

Aug

-1.4

Sept

-3.7

Oct

6.7

Nov

1.9

Dec

1.3

2022Year -0.5%

Jan

-1.4

Feb

6.4

Mar

1.7

Apr

-1.6

May

-3.8

Jun

-1.2

Jul

-3.5

Aug

-2.1

Sept

-2.6

Oct

-2.0

Nov

7.0

Dec

3.3

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	15.6	4.8	-11.8	0.1	-1.4	-11.4	0.0	14.3	-9.3	0.3			-2.8
2025	7.7	0.8	9.9	6.0	-0.8	0.3	0.3	3.9	11.5	4.9	4.5	2.8	64.8
2024	-0.5	-0.3	8.1	4.2	1.8	-0.7	4.1	3.6	4.6	4.0	-3.0	-1.5	26.4
2023	6.1	-5.2	8.5	0.1	-0.9	-2.7	3.0	-1.4	-3.7	6.7	1.9	1.3	13.7
2022	-1.4	6.4	1.7	-1.6	-3.8	-1.2	-3.5	-2.1	-2.6	-2.0	7.0	3.3	-0.5
2021	-1.5	-6.5	-3.0	4.5	7.5	-7.2	3.5	-0.6	-4.0	1.5	2.0	0.9	-3.9
2020	4.0	1.6	-0.1	5.8	1.5	2.3	11.1	-0.4	-3.6	-0.3	-6.4	7.3	24.0
2019						8.7	1.3	7.0	-2.8	1.7	-3.4	4.3	19.7(since launch)

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.

Method and sources

Source: Amundi. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 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 — issuer-declared

How much the product returned above (+) or below (−) the price of its underlying, 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 6 calendar years: a past observation, not an indication of future outperformance.

Average annual TD, 2023–2025

-0.16 pt /year

Declared TER

0.12%

Year	Fund	Underlying	Difference (pt)
2025	+64.80%	+65.00%	-0.20 pt
2024	+26.44%	+26.59%	-0.15 pt
2023	+13.66%	+13.80%	-0.14 pt
2022	-0.54%	-0.43%	-0.12 pt
2021	-3.89%	-3.75%	-0.14 pt
2020	+23.98%	+24.17%	-0.19 pt

Figures declared by the issuer on the fund page (net fund and index returns per calendar year, as of 10 September 2026), not computed by us. Partial years excluded. Currency of the declared returns not documented. What is tracking difference? →

RiskIn this sectionRisk

Risk indicators· EUR

Last year

Volatility (ann.)24.82%

Max drawdown-23.37%

Sharpe0.10

Sortino0.13

Last 3 years

Volatility (ann.)19.24%

Max drawdown-23.37%

Sharpe1.17

Sortino1.64

Last 5 years

Volatility (ann.)17.67%

Max drawdown-23.37%

Sharpe0.95

Sortino1.36

Full history

Volatility (ann.)17.25%

Max drawdown-23.37%

Sharpe0.91

Sortino1.30

	Last year	Last 3 years	Last 5 years	Full history
Volatility (ann.)	24.82%	19.24%	17.67%	17.25%
Max drawdown	-23.37%	-23.37%	-23.37%	-23.37%
Sharpe	0.10	1.17	0.95	0.91
Sortino	0.13	1.64	1.36	1.30

The max drawdown is identical across windows because the deepest fall is recent (peak 2 Mar 2026 → trough 16 Jul 2026): one episode dominates every look-back period. 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: 2.25%), 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.

StructureIn this sectionIndex Exchanges

Index tracked

LMBA Gold Price PM USD

This fund belongs to the gold (ETCs and miners) family: compare all census ETFs in this family →

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:

FR0013416716

BG Saxozero within the savings plan (buys)
Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
Moneyfarmzero within the savings plan (buys), agreement until 15 May 2027
Moneyfarmzero on single buys from 1,000 €, agreement until 15 May 2027

Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 15 October 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

Exchanges with a ticker available· in alphabetical order

Exchange	Ticker	Exchange source	Registered since
Borsa Italiana (ETFplus)	GOLDfrom the issuer	ESMA register (FIRDS)	16 Mar 2023
Börse Düsseldorf	GLDAfrom mapping	ESMA register (FIRDS)	25 Jul 2019
Börse Frankfurt	GLDAfrom mapping	ESMA register (FIRDS)	9 Jul 2019
Börse Hamburg	GLDAfrom mapping	ESMA register (FIRDS)	11 Nov 2019
Börse Hannover	GLDAfrom mapping	ESMA register (FIRDS)	9 Dec 2024
Börse München / gettex	GLDAfrom mapping	ESMA register (FIRDS)	27 Aug 2019
Börse Stuttgart	GLDAfrom mapping	ESMA register (FIRDS)	20 Mar 2020
Euronext Amsterdam	GOLDfrom the issuer	ESMA register (FIRDS)	17 Nov 2025
Euronext Paris	GOLDfrom the issuer	ESMA register (FIRDS)	28 May 2019
London Stock Exchange	GLDAfrom the issuer	issuer’s product list (exchange outside the FIRDS perimeter)	—
Tradegate Exchange	GLDAfrom mapping	ESMA register (FIRDS)	22 Oct 2019
Xetra (Deutsche Börse)	GLDAfrom the issuer	ESMA register (FIRDS)	9 Jul 2019

from the issuer — ticker declared by the issuer in its product list.

from mapping — ticker obtained by ISIN→exchange mapping under the open FIGI standard, not read from the exchange’s list.

Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.

Other exchanges on record · 1 · show

Exchange	Ticker	Exchange source
BIVA (México)	not available	issuer’s product list (exchange outside the FIRDS perimeter)

For these exchanges none of the listing sources Rebalix covers provides a ticker; the listing is known from the ESMA register (FIRDS) or declared by the issuer.

+ 4 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.

Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.

DocumentsIn this sectionDocuments FAQ

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF 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.

Frequently asked questions

What is the underlying of AMUNDI PHYSICAL GOLD ETC (C)?

The issuer Amundi declares the underlying: LMBA Gold Price PM USD.

How much does GOLD cost?

The issuer-declared TER is 0.12% per year; the transaction costs estimated in the KID are 0.00%.

What is the fund size of GOLD?

The fund size declared by Amundi is about 11.6 billion euro.

When was GOLD launched?

The fund was launched on 21 May 2019: it has 7 years of history.

How does GOLD replicate its index?

Physical (issuer wording: “Direct(Physical)”).

Does GOLD pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).

Where does GOLD trade?

Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 12 exchanges with a ticker available, including Borsa Italiana (ETFplus) (GOLD), Börse Düsseldorf (GLDA), Börse Frankfurt (GLDA), Börse Hamburg (GLDA), Börse Hannover (GLDA), Börse München / gettex (GLDA).

What was GOLD's worst fall?

Over the available history (since 2019), the maximum drawdown was -26.15%, reached in July 2026. Past performance is not indicative of future results.

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.

Do you represent the issuer? Report a correction or an update