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ETF sheet · Issuer-declared data
Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison

Amundi Label ISR Credit EUR UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: FR001400SDP3Ticker: ISRCIssuer: AmundiClass: Acc
Issuer-declared data
Declared index
Bloomberg Euro Aggregate Corporate Total Return Index Value Unhedged EUR
TER
0.25%
Transaction costs
0.03% (issuer estimate, from the KID)
Management
Active management (from the KID)
Replication
Physical
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
123 mln EUR
NAV
10.25 EUR (1 September 2026)
Domicile
France
Inception date
27 November 2024
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 Label ISR Credit EUR UCITS ETF Acc is an actively managed ETF: it does not track an index — the declared index (Bloomberg Euro Aggregate Corporate Total Return Index Value Unhedged EUR) is a comparison yardstick only. The declared annual cost (TER) is 0.25%, plus 0.03% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 123 million euro, was launched on 27 November 2024 and is domiciled in France. In our registry 2 other ETFs declare the same index.

The fund’s objective — in the issuer’s words(unofficial translation from French)

The Fund is an actively managed UCITS. By subscribing to Amundi Label ISR Credit EUR UCITS ETF, you invest in an actively managed UCITS whose investment objective is to obtain an exposure to fixed-rate, investment grade bonds denominated in euros and issued by corporates, while improving environmental, social and governance (ESG) criteria in the process of selecting and analysing the portfolio's securities relative to the Bloomberg Euro Corporate Bond Index (the "Benchmark Indicator"). The Benchmark Indicator is the Bloomberg Euro Corporate Bond Index index, denominated in euros, net coupons reinvested (net return), meaning that the performance of the Benchmark Indicator includes the coupons net of taxes paid by the securities that make it up. The Fund promotes environmental and/or social characteristics within the meaning of Article 8 of the Disclosure Regulation. The Fund complies with the requirements of the French Investissement Socialement Responsable (ISR) label (the "ISR Label"), which it holds. The investment universe of the FCP consists of the securities of the Benchmark Indicator (the "Investment Universe"). Starting from this Investment Universe, the FCP implements an SRI strategy based on the systematic combination of the following approaches: i. an approach of norm-based and sector exclusions on the basis of environmental, social and governance criteria as described in its prospectus. The FCP will also apply the exclusions relating to the Paris-Aligned indices of the EU Climate Benchmarks regulation, and those relating to Amundi's Responsible Investment Policy; ii. a "selectivity" approach: reduction of at least 30% of the securities of the Investment Universe on the basis of their ESG rating and the exclusions described above; iii. an approach of reducing the ex-ante performance gap between the FCP and its Benchmark Indicator ("Tracking Error") with "impact improvement": the manager will implement a systematic optimisation process aiming to minimise the Tracking Error, which is expected to be within a range of 0,5% to 1% under normal market conditions, and to limit the portfolio's sector deviations relative to the Benchmark Indicator. This process will take into account financial criteria such as price history, volatility, transaction costs, correlation between assets and the weighting of the securities of the Benchmark Indicator). This will result in a reweighting of the securities in the FCP's portfolio. The limits of the approach adopted are described in the FCP's prospectus through risk factors such as sustainability risk. The ESG score of companies is calculated by Amundi using raw data, models and estimates collected/calculated using methods specific to each provider. Due to the lack of standardisation and the uniqueness of each methodology, the information provided may be incomplete. The extra-financial coverage rate represents more than 90% of the securities that make up the Investment Universe. The Fund may enter into temporary securities lending and borrowing transactions. Forward financial instruments ("FFIs") may also be used for hedging purposes. The Benchmark Indicator is available at bloomberg.com/indices.

Keep reading the KID section ▾

Intended Retail Investor:This product is intended for investors with basic knowledge of and/or no or limited experience of investing in funds, who aim to increase the value of their investment over the recommended holding period and are able to bear losses up to the 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 Dealing: the Fund's units are listed and traded on one or more stock exchanges. In normal circumstances, you may deal in units during the trading hours of the exchange. Only authorised participants (e.g. selected financial institutions) may deal in units directly with the Fund on the primary market. Further details are provided in the Fund's prospectus.

Distribution policy:As this is a non-distributing unit class, investment income is reinvested. More Information: you may obtain further information about this product, including the prospectus and financial reports, free of charge upon request from: Amundi Asset Management - 91-93 boulevard Pasteur, 75015 Paris, France.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓ · unofficial translation: please refer to the original document
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.25%: above the median of bond ETFs we track (0.15%).
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 French, from the issuer’s site — always the latest filed versionProspectusPDF in Italian, from the issuer’s site — the fund’s full legal documentFactsheetPDF in French, 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 Nov 2024 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+2.5%
Annualised
+1.4%
Volatility (ann.)
2.7%
Max drawdown
-2.68%
-4%-1%+2%+4%+7%Nov 2024May 2025Oct 2025Mar 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+2%Nov 2024Sept 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%-1%-2%-3%-4%202420252026−2.68% · 27 Mar 2026
Max drawdown
-2.68%
peak → trough
Trough
27 Mar 2026
from the 27 Feb 2026 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
193 days
decline + recovery: peak to break-even · ≈ 6 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
27 Feb 202627 Mar 2026-2.68%ongoing193
11 Dec 202414 Jan 2025-1.82%27 Feb 202578
28 Feb 202506 Mar 2025-1.59%24 Apr 202555
21 Oct 202522 Dec 2025-0.82%27 Jan 202698
24 Apr 202514 May 2025-0.58%27 May 202533

Calendar-year returns

2024
0.1%
2025
2.6%
2026
-0.2%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.70.5-2.41.00.90.4-1.0-0.3-0.2-0.2
20250.30.6-1.11.00.50.20.5-0.00.30.7-0.3-0.22.6
2024-0.40.1
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 — issuer-declared

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.
Declared TER
0.25%
YearFundIndexDifference
2025+2.63%+3.03%-0.40%
Figures declared by the issuer on the fund page (net fund and index returns per calendar year, as of 19 August 2026), not computed by us. Partial years excluded. What is tracking difference? →

Risk indicators· EUR

Last yearFull history
Volatility (ann.)2.73%2.72%
Max drawdown-2.68%-2.68%
Sharpe-0.80-0.36
Sortino-1.14-0.50
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. The max drawdown is identical across windows because the deepest fall is recent (peak 27 Feb 2026 → trough 27 Mar 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: 2.21%), 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, the fund's currency; the table follows the currency selected in the chart.

Duration and maturities

Duration · modified duration
4.27years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Source: factsheet Amundi. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
AA
4.53%
A
40.43%
BBB
54.79%
Other
0.25%

Source: factsheet Amundi. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Securities in portfolio
971
Top-10 weight
3.3%

Top 10 holdings

DIAGEO FIN PL 3.75% Aug44 EMTN · YV4271594
0.41%
IGD 4.45% Nov30 · YJ6196804
0.33%
BANCA MEDIOLA VAR Jan31 EMTN · DC9369547
0.33%
BARCLAYS PLC VAR Oct36 EMTN · YJ6168613
0.32%
JYSKE BANK A/ VAR Jun32 EMTN · DJ2297880
0.32%
CNH IND FIN 1.625% Jul29 EMTN · AZ3421676
0.32%
CONTACT ENERG 3.537% Nov32 · YJ1846411
0.32%
RANDSTAD NV 3.61% Mar29 EMTN · ZD3954389
0.32%
SIRIUS REAL E 1.75% Nov28 · BS4812126
0.32%
STOREBRAND LI VAR Sep51 · BO7102532
0.31%

Sectors

Financials
47.6%
Consumer Discretionary
10.9%
Industrials
9.8%
Consumer Staples
6.3%
Communications
6.3%
Utilities
5.7%
Health Care
5.5%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.7%Austria: 1.4%AzerbaijanBurundiBelgium: 2%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 1.3%Switzerland: 2.3%ChileChina: 0.4%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprus: 0.2%Czech Republic: 0.3%Germany: 12.8%DjiboutiDenmark: 2.3%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 7%EstoniaEthiopiaFinland: 2.1%FijiFalkland IslandsFrance: 17.7%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 0.6%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatia: 0.2%HaitiHungary: 0.2%IndonesiaIndiaIreland: 0.8%IranIraqIceland: 0.7%IsraelItaly: 7.4%JamaicaJordanJapan: 0.6%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 0.7%LatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 7.7%Norway: 1.3%NepalNew Zealand: 1%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPoland: 0.3%Puerto RicoNorth KoreaPortugal: 0.4%ParaguayQatarRomania: 0.3%RussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakia: 0.1%SloveniaSweden: 3.2%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 10.6%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth Africa: 0.4%ZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
France17.7%
Germany12.8%
United Kingdom11.8%
United States10.6%
Netherlands7.7%
Italy7.4%
Spain7%
⬇ Download the full portfolio — Excel, 972 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 →

ETFs declaring the same index

FundTERIncomeFund size
ETFCOR · Amundi · 5 classes
0.07%Acc. · Dist.1.3 mld EUR
BCRP · Amundiactivenot on Borsa Italiana
0.20%Acc.82 mln EUR
3 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.

Stock exchange listings

ExchangeTickerTrading since
Börse HannoverAE5G20 Jan 2026
Euronext ParisISRC3 Dec 2024
Tradegate ExchangeAE5G22 Sept 2025
+ 16 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 Label ISR Credit EUR UCITS ETF Acc track?
The issuer Amundi declares the benchmark: Bloomberg Euro Aggregate Corporate Total Return Index Value Unhedged EUR.
How much does ISRC cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.03%.
What is the fund size of ISRC?
The fund size declared by Amundi is about 123 million euro.
When was ISRC launched?
The fund was launched on 27 November 2024: it has 1 year of history.
Is ISRC actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index. The declared benchmark (Bloomberg Euro Aggregate Corporate Total Return Index Value Unhedged EUR) is a yardstick for comparison, not an index being tracked. Exposure is obtained through physical replication (issuer wording: “Direct(Physical)”).
Does ISRC pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does ISRC trade?
Per the official ESMA register it trades on 3 main exchanges, including Börse Hannover (AE5G), Euronext Paris (ISRC), Tradegate Exchange (AE5G).
What was ISRC's worst fall?
Over the available history (since 2024), the maximum drawdown was -2.68%, reached in March 2026. Past performance is not indicative of future results.
How many securities does ISRC hold?
The declared portfolio holds 971 securities; the top 10 positions weigh 3.3%.
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.