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Amundi FTSE MIB UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: FR0014002H76Ticker: MIBA (Borsa Italiana) · AE55 (Xetra)Issuer: AmundiClass: Acc
Issuer-declared data
Declared index
FTSE MIB Net Total Return Index
TER
0.35%
Transaction costs
0.05% (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
84.1 mln EUR
NAV
26.58 EUR (1 September 2026)
Domicile
France
Inception date
19 April 2021
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 FTSE MIB UCITS ETF Acc tracks the issuer-declared index: FTSE MIB Net Total Return Index. The declared annual cost (TER) is 0.35%, plus 0.05% 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 84 million euro, was launched on 19 April 2021 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 FTSE MIB™ Net Total Return Index (net dividends reinvested) (the "Benchmark"), denominated in euro and representative of the performance of the 40 largest stocks listed on Borsa Italiana, while minimising the tracking error between the Sub-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. The FTSE website (www.ftse.com) provides more detailed information about FTSE indices. The Fund aims to achieve its objective through direct replication, i.e. by primarily investing in a basket of assets consisting of the securities comprising the Benchmark and/or eligible financial instruments representing all or part of the securities comprising the Benchmark. In order to optimise Benchmark replication, the Fund may use a sampling technique, as well as guaranteed temporary sales of securities. Any use of these techniques is indicated on the website amundietf.com. 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. The Sub-fund is eligible for the French Plan d'Epargne en Actions (PEA) and, consequently, invests a minimum of 75% of its assets in the shares of European Union countries.

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 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:As this is a non-distributing share 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 0.35%: above the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: +1.07% p.a., against a declared TER of 0.35%.
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 Italian, 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 Apr 2021 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+167.5%
Annualised
+20.1%
Volatility (ann.)
18.1%
Max drawdown
-25.16%
-15%+35%+84%+134%+183%Apr 2021Aug 2022Dec 2023Apr 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+167%Apr 2021Sept 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%-5%-10%-15%-20%-25%-30%202120222023202420252026−25.16% · 29 Sept 2022
Max drawdown
-25.16%
peak → trough
Trough
29 Sept 2022
from the 05 Jan 2022 peak
Recovery time
126 days
recovery only: trough to break-even · ≈ 4 months
Underwater
393 days
decline + recovery: peak to break-even · ≈ 1 year and 1 month · → recovered on 02 Feb 2023

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
05 Jan 202229 Sept 2022-25.16%02 Feb 2023393
19 Mar 202509 Apr 2025-17.52%12 May 202554
16 May 202406 Aug 2024-10.43%27 Sept 2024134
26 Feb 202620 Mar 2026-9.69%10 Apr 202643
06 Mar 202317 Mar 2023-8.79%19 Apr 202344

Calendar-year returns

2021
13.7%
2022
-9.7%
2023
33.8%
2024
18.4%
2025
37.6%
2026
19.5%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.63.7-6.19.55.33.51.20.8-0.719.5
20257.06.0-1.5-0.48.5-0.53.32.91.31.01.53.637.6
20241.76.06.7-1.53.7-3.62.11.8-0.60.4-1.42.318.4
202312.73.3-1.21.1-2.68.65.4-2.8-1.9-1.88.12.033.8
2022-1.6-5.2-1.6-2.22.5-12.95.7-3.8-4.19.79.4-3.7-9.7
20215.1-0.11.42.5-1.05.2-3.45.913.7
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 4 of the last 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+1.07% /anno
Declared TER
0.35%
YearFundIndexDifference
2025+37.63%+36.43%+1.21%
2024+18.41%+17.37%+1.05%
2023+33.78%+32.83%+0.95%
2022-9.69%-10.32%+0.63%
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.)15.50%15.88%18.22%17.98%
Max drawdown-9.69%-17.52%-25.16%-25.16%
Sharpe1.611.410.950.97
Sortino2.432.001.321.34
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: 2.20%), 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
41
Top-10 weight
71.6%

Top 10 holdings

UNICREDIT SPA · UCG IM
16.85%
INTESA SANPAOLO · ISP IM
13.73%
ENEL SPA · ENEL IM
9.40%
ENI SPA MILAN · ENI IM
5.89%
GENERALI MILAN · G IM
5.69%
FERRARI NV MILAN · RACE IM
5.61%
PRYSMIAN SPA · PRY IM
4.54%
STMICROELECTRONICS/PARIS · STMPA FP
3.65%
BANCO BPM SPA · BAMI IM
3.18%
BANCA MONTE DEI PASCHI SIENA REGR · BMPS IM
3.02%

Sectors

Financials
52.5%
Utilities
14.4%
Consumer Discretionary
9.6%
Industrials
8.0%
Energy
7.8%
Information Technology
3.7%
Communication Services
2.0%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItaly: 100%JamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Italy100%
Download the full portfolio — Excel, 42 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 →

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

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:

FR0014002H76MIBA
  • BG Saxozero within the savings plan (buys)
  • Directazero 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
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
FR0010010827ETFMIB
  • Directazero 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
  • 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
Borsa Italiana (ETFplus)MIBA27 May 2021
Börse HamburgAE5521 Nov 2024
+ 18 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 FTSE MIB UCITS ETF Acc track?
The issuer Amundi declares the benchmark: FTSE MIB Net Total Return Index.
How much does MIBA cost?
The issuer-declared TER is 0.35% per year; the transaction costs estimated in the KID are 0.05%.
How is MIBA taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of MIBA?
The fund size declared by Amundi is about 84 million euro.
When was MIBA launched?
The fund was launched on 19 April 2021: it has 5 years of history.
How does MIBA replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does MIBA pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does MIBA trade?
Per the official ESMA register it trades on 2 main exchanges, including Borsa Italiana (ETFplus) (MIBA), Börse Hamburg (AE55).
What was MIBA's worst fall?
Over the available history (since 2021), the maximum drawdown was -25.16%, reached in September 2022. Past performance is not indicative of future results.
What is MIBA's tracking difference?
Over the last 3 complete calendar years the fund returned on average +1.07% per year versus its index (from issuer-declared series).
How many securities does MIBA hold?
The declared portfolio holds 41 securities; the top 10 positions weigh 71.6%.
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.