ETF sheet · Issuer-declared data

🇮🇹 Effective capital-gains rate: 26.00%details →

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

ISIN: FR0014003N93Ticker: BUN0 (Xetra) · WLDHC (Euronext Paris)Issuer: AmundiClass: EUR Hedged Acc Currency hedging: EUR-hedged share class

Global Equity tracking the MSCI World 100% Hedged to EUR Net Total Return Index, synthetic (swap) replication, accumulating. Share class in euro (EUR), currency-hedged.

0.30% + 0.00%

TER + KID transaction costs ✓ declared by the issuer

252

rows published by the issuer · holdings ↓ ✓ declared by the issuer

608 m €

share-class assets ✓ declared by the issuer

−0.09 pt /year

average tracking difference 2023–2025 · year by year ↓ ≈ computed by Rebalix

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

Fund

Name

Amundi MSCI World Swap II UCITS ETF EUR Hedged Acc

Declared index

MSCI World 100% Hedged to EUR Net Total Return Index

Management

Passive (index-tracking) (from the KID)

Replication

Synthetic (swap)

SFDR

Article 6 — does not promote specific ESG characteristics what does it mean?

Domicile

France

Share class · this page

ISIN

FR0014003N93 · EUR Hedged Acc

Ticker

BUN0 (Xetra) · WLDHC (Euronext Paris)

Share-class currency

euro (EUR) · currency-hedged

TER

0.30%

Transaction costs

0.00% (issuer estimate, from the KID)

Income policy

Accumulating

Share-class assets

607.8 mln EUR

NAV

17.13 EUR (15 October 2026)

Share-class launch

2 June 2021

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

📬 Follow the engine as we build it

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

OverviewIn this sectionQuick reads Fund objective What changed over time Tax

Quick reads

TER 0.30%above the median of equity ETFs we track (0.23%).≈ computed by Rebalix
Average tracking difference over the last 3 years-0.09% p.a., against a declared TER of 0.30%.≈ computed by Rebalix
252 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
Top 10 = 47.7%of the fund✓ declared by the issuer
Effective rate 26.00%on capital gains for Italian tax residents: from the declared white-list share≈ 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 MSCI World Swap II UCITS ETF EUR Hedged Acc tracks the issuer-declared index: MSCI World 100% Hedged to EUR Net Total Return Index. Mind the share class: this is the version hedged to EUR — 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 608 million euro, was launched on 2 June 2021 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

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.
Keep reading the KID section ▾
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 Sub-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.
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 · 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
2 June 2021
declared by the issuer
Basket snapshots
3 monthly
since September 2026
Dated events
none so far
TER, index, name, tax: every change is an event

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 →

PerformanceIn this sectionChart Backtest Tracking difference

Fund performance

issuer-declared net asset value (NAV) · EUR · from Jun 2021 to Oct 2026

Adjusted for inflationCompare with the index

Compare with another ETF

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

Return

+70.2%

Annualised

+10.4%

Volatility (ann.)

13.7%

Max drawdown

-23.73%

02 Jun 2021 → 16 Oct 20265 years and 4 months · +70.2%

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.

Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. NAV and exchange prices can differ, so comparison sites using the price may show different returns and volatility: any specific gap can only be judged by comparing the series, dates and method used. 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

-23.73%

peak → trough

Trough

12 Oct 2022

from the 04 Jan 2022 peak

Recovery time

468 days

recovery only: trough to break-even · ≈ 1 year and 3 months

Underwater

749 days

decline + recovery: peak to break-even · ≈ 2 years and 1 month · → recovered on 23 Jan 2024

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
04 Jan 2022	12 Oct 2022	-23.73%	23 Jan 2024	749
18 Feb 2025	08 Apr 2025	-17.07%	27 Jun 2025	129
16 Jul 2024	05 Aug 2024	-8.83%	19 Sept 2024	65
25 Feb 2026	30 Mar 2026	-8.48%	15 Apr 2026	49
07 Sept 2021	04 Oct 2021	-4.93%	21 Oct 2021	44

Calendar-year returns

2021

10.4%

since launch, 2 Jun

2022

-17.9%

2023

20.9%

2024

19.8%

2025

16.6%

2026

11.2%

2021: the share class was launched on 2 June 2021; the return runs from launch to 31 December 2021 and is not a full year.

Month-by-month returns

2026Year 11.2%

Jan

1.6

Feb

0.9

Mar

-5.9

Apr

8.6

May

4.7

Jun

-0.2

Jul

0.1

Aug

2.3

Sept

-0.9

Oct

0.1

Nov

Dec

2025Year 16.6%

Jan

3.4

Feb

-1.1

Mar

-5.0

Apr

-0.5

May

5.8

Jun

3.5

Jul

1.9

Aug

1.9

Sept

3.1

Oct

2.5

Nov

0.1

Dec

0.4

2024Year 19.8%

Jan

1.7

Feb

4.5

Mar

3.3

Apr

-3.3

May

4.0

Jun

2.3

Jul

1.1

Aug

1.7

Sept

1.4

Oct

-1.0

Nov

4.9

Dec

-2.0

2023Year 20.9%

Jan

6.3

Feb

-1.7

Mar

2.3

Apr

1.5

May

-0.3

Jun

5.5

Jul

2.8

Aug

-1.9

Sept

-3.9

Oct

-2.7

Nov

8.0

Dec

4.0

2022Year -17.9%

Jan

-5.0

Feb

-2.7

Mar

3.0

Apr

-7.3

May

-0.3

Jun

-8.1

Jul

8.0

Aug

-3.6

Sept

-8.6

Oct

6.9

Nov

5.4

Dec

-5.2

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	1.6	0.9	-5.9	8.6	4.7	-0.2	0.1	2.3	-0.9	0.1			11.2
2025	3.4	-1.1	-5.0	-0.5	5.8	3.5	1.9	1.9	3.1	2.5	0.1	0.4	16.6
2024	1.7	4.5	3.3	-3.3	4.0	2.3	1.1	1.7	1.4	-1.0	4.9	-2.0	19.8
2023	6.3	-1.7	2.3	1.5	-0.3	5.5	2.8	-1.9	-3.9	-2.7	8.0	4.0	20.9
2022	-5.0	-2.7	3.0	-7.3	-0.3	-8.1	8.0	-3.6	-8.6	6.9	5.4	-5.2	-17.9
2021							1.7	2.6	-3.8	5.5	-1.5	3.9	10.4(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 — 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 4 calendar years: a past observation, not an indication of future outperformance.

Average annual TD, 2023–2025

-0.09 pt /year

Declared TER

0.30%

Year	Fund	Index	Difference (pt)
2025	+16.62%	+16.73%	-0.11 pt
2024	+19.82%	+19.89%	-0.07 pt
2023	+20.89%	+20.96%	-0.08 pt
2022	-17.88%	-17.87%	-0.01 pt

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? →

RiskIn this sectionRisk

Risk indicators· EUR

Last year

Volatility (ann.)10.94%

Max drawdown-8.48%

Sharpe1.08

Sortino1.61

Last 3 years

Volatility (ann.)12.16%

Max drawdown-17.07%

Sharpe1.21

Sortino1.72

Last 5 years

Volatility (ann.)13.91%

Max drawdown-23.73%

Sharpe0.56

Sortino0.79

Full history

Volatility (ann.)13.64%

Max drawdown-23.73%

Sharpe0.61

Sortino0.86

	Last year	Last 3 years	Last 5 years	Full history
Volatility (ann.)	10.94%	12.16%	13.91%	13.64%
Max drawdown	-8.48%	-17.07%	-23.73%	-23.73%
Sharpe	1.08	1.21	0.56	0.61
Sortino	1.61	1.72	0.79	0.86

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, the fund's currency; the table follows the currency selected in the chart.

PortfolioIn this sectionHoldings

Portfolio holdings

Rows in the published list

252

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 published holdings — Excel, 252 rows

Holdings as published by Amundi, holdings as at 1 September 2026: 252 rows archived by Rebalix, summarised here. Rebalix has no statement from the issuer on the completeness of this list. Weights are reported without rescaling and may not sum to 100%. 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. How Rebalix verifies portfolio holdings →

StructureIn this sectionSame index Exchanges

ETFs declaring the same index

Fund	TER	Income	Fund size
Amundi Core MSCI World Swap UCITS ETF EUR Hedged Acc compare ⇄ AHYY · Amundinot on Borsa Italiana	0.22%	Acc.	12 mln 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 as follows: Milan-listed classes first, then the others; within each group by ascending TER, then by descending assets. 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:

FR0014003N93BUN0

Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed

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

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

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
Börse Hamburg	BUN0from mapping	ESMA register (FIRDS)	20 Dec 2021
Börse Hannover	BUN0from mapping	ESMA register (FIRDS)	16 Jan 2026
Börse München / gettex	BUN0from mapping	ESMA register (FIRDS)	27 Jul 2026
Börse Stuttgart	BUN0from mapping	ESMA register (FIRDS)	23 Feb 2026
Euronext Paris	WLDHCfrom tax document	ESMA register (FIRDS)	15 Jun 2021
Tradegate Exchange	BUN0from mapping	ESMA register (FIRDS)	31 Jul 2024
Xetra (Deutsche Börse)	BUN0from tax document	issuer’s tax document (listing not recorded in FIRDS)	—

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

from tax document — ticker from the half-yearly document the issuer publishes for the Italian tax authority, one ticker per exchange: where the exchange trades several lines (different currencies) the others do not appear.

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.

+ 6 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

Which index does Amundi MSCI World Swap II UCITS ETF EUR Hedged Acc track?

The issuer Amundi declares the benchmark: MSCI World 100% Hedged to EUR Net Total Return Index.

How much does WLDHC cost?

The issuer-declared TER is 0.30% per year; the transaction costs estimated in the KID are 0.00%.

How is WLDHC 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 WLDHC?

The fund size declared by Amundi is about 608 million euro.

When was WLDHC launched?

The fund was launched on 2 June 2021: it has 5 years of history.

How does WLDHC replicate its index?

It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).

Does WLDHC pay dividends?

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

Where does WLDHC trade?

Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 7 exchanges with a ticker available, including Börse Hamburg (BUN0), Börse Hannover (BUN0), Börse München / gettex (BUN0), Börse Stuttgart (BUN0), Euronext Paris (WLDHC), Tradegate Exchange (BUN0).

What was WLDHC's worst fall?

Over the available history (since 2021), the maximum drawdown was -23.73%, reached in October 2022. Past performance is not indicative of future results.

What is WLDHC's tracking difference?

Over the three most recent complete calendar years (2023–2025) the fund returned on average -0.09 percentage points per year versus its index: the annual mean of the differences, from issuer-declared series.

How many positions does WLDHC publish?

The list published by the issuer and archived by Rebalix has 252 rows; the top 10 weigh 47.7%. The issuer does not declare the list as complete: rows are reported as published, weights included, even where a position has zero weight.

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