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Amundi MSCI World Swap II UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: FR0014003IY1Ticker: WLDC (Borsa Italiana) · BUN1 (Xetra) · WLDC (Euronext Paris)Issuer: AmundiClass: Acc
Issuer-declared data
TER
0.30%
Transaction costs
0.00% (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
688.5 mln EUR
NAV
18.84 EUR (1 September 2026)
Domicile
France
Inception date
2 June 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 MSCI World Swap II UCITS ETF Acc tracks the issuer-declared index: MSCI World Net Total Return USD Index. 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 689 million euro, was launched on 2 June 2021 and is domiciled in France. In our registry 5 other ETFs declare the same index.

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.

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 0.30%: above the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: +0.07% 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 Jun 2021 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+90.6%
Annualised
+13.1%
Volatility (ann.)
13.8%
Max drawdown
-20.19%
-4%+21%+47%+73%+99%Jun 2021Sept 2022Jan 2024May 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%)+91%Jun 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%202120222023202420252026−20.19% · 08 Apr 2025
Max drawdown
-20.19%
peak → trough
Trough
08 Apr 2025
from the 19 Feb 2025 peak
Recovery time
181 days
recovery only: trough to break-even · ≈ 6 months
Underwater
229 days
decline + recovery: peak to break-even · ≈ 8 months · → recovered on 06 Oct 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 Feb 202508 Apr 2025-20.19%06 Oct 2025229
04 Jan 202220 Jun 2022-16.80%14 Sept 2023618
16 Jul 202405 Aug 2024-9.06%02 Oct 202478
14 Sept 202327 Oct 2023-7.51%01 Dec 202378
16 Jan 202627 Mar 2026-6.58%15 Apr 202689

Calendar-year returns

2021
17.1%
2022
-12.7%
2023
19.7%
2024
26.7%
2025
6.8%
2026
15.1%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.91.5-4.07.75.11.3-0.11.60.715.1
20253.1-0.8-8.0-4.16.10.93.90.32.83.8-0.3-0.46.8
20242.94.63.4-2.72.93.40.80.31.00.87.5-0.726.7
20235.2-0.00.60.12.53.62.3-0.8-1.9-2.76.03.619.7
2022-3.9-2.73.7-3.3-1.4-6.410.7-2.8-6.96.22.7-7.6-12.7
20211.83.0-2.45.80.63.317.1
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)
+0.07% /anno
Declared TER
0.30%
YearFundIndexDifference
2025+6.79%+6.77%+0.02%
2024+26.66%+26.60%+0.06%
2023+19.73%+19.60%+0.14%
2022-12.68%-12.78%+0.10%
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.)10.59%12.69%13.93%13.71%
Max drawdown-6.58%-20.19%-20.19%-20.19%
Sharpe1.721.070.680.78
Sortino2.501.490.951.09
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
251
Top-10 weight
47.7%

Top 10 holdings

APPLE INC · AAPL UW
8.32%
MICROSOFT CORP · MSFT UW
8.08%
AMAZON.COM INC · AMZN UW
6.89%
TESLA INC · TSLA UW
4.87%
META PLATFORMS INC-CLASS A · META UW
4.82%
BROADCOM INC · AVGO UW
4.52%
MICRON TECHNOLOGY INC · MU UW
2.84%
PALANTIR TECHNOLOGIES INC-A · PLTR UW
2.61%
ADVANCED MICRO DEVICES · AMD UW
2.46%
SANDISK CORP · SNDK UW
2.28%
Download the full portfolio — Excel, 252 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. 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.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Index tracked

MSCI World Net Total Return USD Index
This fund belongs to the World and global equity family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
MWRD · Amundi · 3 classes
0.12%Acc. · Dist.14.5 mld EUR
OMNIS · Amundi
0.30%Acc.1 mln EUR
FINZ · Amundinot on Borsa Italiana
0.12%Acc.43 mln EUR
AHYX · Amundi · 2 classesnot on Borsa Italiana
0.12%Acc. · Dist.15 mln EUR
ISRM · Amundiactivenot on Borsa Italiana
0.20%Acc.330 mln EUR
6 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.

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:

FR0014003IY1WLDC
  • 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
FR0010315770WLD
  • 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
FR0011660927WLDH
  • 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
FR0014003N93BUN0
  • Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
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)WLDC30 Jun 2021
Börse HamburgBUN120 Dec 2021
Börse HannoverBUN116 Jan 2026
Börse München / gettexBUN11 Sept 2025
Börse StuttgartBUN123 Feb 2026
Euronext ParisWLDC7 May 2024
Tradegate ExchangeBUN131 Jul 2024
+ 9 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 Acc track?
The issuer Amundi declares the benchmark: MSCI World Net Total Return USD Index.
How much does WLDC cost?
The issuer-declared TER is 0.30% per year; the transaction costs estimated in the KID are 0.00%.
How is WLDC 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 WLDC?
The fund size declared by Amundi is about 689 million euro.
When was WLDC launched?
The fund was launched on 2 June 2021: it has 5 years of history.
How does WLDC replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).
Does WLDC pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does WLDC trade?
Per the official ESMA register it trades on 7 main exchanges, including Borsa Italiana (ETFplus) (WLDC), Börse Hamburg (BUN1), Börse Hannover (BUN1), Börse München / gettex (BUN1), Börse Stuttgart (BUN1), Euronext Paris (WLDC).
What was WLDC's worst fall?
Over the available history (since 2021), the maximum drawdown was -20.19%, reached in April 2025. Past performance is not indicative of future results.
What is WLDC's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.07% per year versus its index (from issuer-declared series).
How many securities does WLDC 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.