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Amundi MDAX UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: FR0014015ZN2Ticker: MD4C (Xetra)Issuer: AmundiClass: Acc
Issuer-declared data
Declared index
MDAX Net Return
TER
0.20%
Transaction costs
0.01% (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
2.5 mln EUR
NAV
5.67 EUR (1 September 2026)
Domicile
France
Inception date
26 March 2026
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 MDAX UCITS ETF Acc tracks the issuer-declared index: MDAX Net Return. The declared annual cost (TER) is 0.20%, plus 0.01% 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 3 million euro, was launched on 26 March 2026 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 Fund's objective is to replicate, both upwards and downwards, the performance of the MDAX Net Return Index (net dividends reinvested) (the "Benchmark"), representative of mid-cap German companies, 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. The Deutsche Börse AG website (www.dax-indices.com) provides more detailed information about the Deutsche Börse AG indices. The Sub-fund aims to achieve its objective through direct replication consisting of investing in financial securities that are part of the Benchmark in proportions that are extremely close and/or financial instruments representing all or part of the securities comprising the Benchmark. The Management Company may decide to use the "sampling" technique consisting of investing in a selection of representative securities that make up the Benchmark (and not all securities), in proportions different from those of the Benchmark or even to invest in securities not included in the Benchmark. Eligible forward financial instruments and/or temporary purchases and sales of securities may be used for hedging and/or exposure purposes. 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 and receive income 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.

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 document
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 2026 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+12.1%
Annualised
+30.1%
Volatility (ann.)
18.5%
Max drawdown
-6.23%
-4%+2%+7%+13%+18%Apr 2026May 2026Jun 2026Jul 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%)+12%Apr 2026Sept 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%-2%-4%-6%-8%-10%2026−6.23% · 10 Jun 2026
Max drawdown
-6.23%
peak → trough
Trough
10 Jun 2026
from the 29 May 2026 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
102 days
decline + recovery: peak to break-even · ≈ 3 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
29 May 202610 Jun 2026-6.23%ongoing102
17 Apr 202629 Apr 2026-6.08%22 May 202635
08 Apr 202609 Apr 2026-0.80%10 Apr 20262
02 Apr 202607 Apr 2026-0.64%08 Apr 20266
10 Apr 202613 Apr 2026-0.43%14 Apr 20264
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.

Risk indicators· EUR

Full history
Volatility (ann.)18.67%
Max drawdown-6.23%
Sharpe1.38
Sortino2.29
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. 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: 2.28%), 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
52
Top-10 weight
38.0%

Top 10 holdings

TALANX AG · TLX GY
4.74%
DEUTSCHE LUFTHANSA NOMINATIVE · LHA GY
4.61%
THYSSEN KRUPP AG · TKA GY
4.37%
KNORR-BREME AG · KBX GY
4.26%
DELIVERY HERO · DHER GY
4.07%
SARTORIUS PFD · SRT3 GY
3.91%
HENSOLDT AG · HAG GY
3.12%
DR ING HC F PORSCHE AG · P911 GY
3.09%
EVONIK INDUSTRIES AG · EVK GY
2.94%
NORDEX SE · NDX1 GY
2.90%

Sectors

Industrials
29.5%
Consumer Discretionary
19.1%
Materials
16.4%
Information Technology
11.9%
Financials
8.3%
Communication Services
6.1%
Real Estate
4.7%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 100%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth 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
Germany100%
⬇ Download the full portfolio — Excel, 53 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:

FR0011857234MD4X
  • 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 10 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
Börse DüsseldorfMD4C16 Apr 2026
Börse FrankfurtMD4C16 Apr 2026
Börse HamburgMD4C13 May 2026
Börse HannoverMD4C27 Apr 2026
Börse München / gettexMD4C16 Apr 2026
Börse StuttgartMD4C28 Apr 2026
Tradegate ExchangeMD4C24 Apr 2026
Xetra (Deutsche Börse)MD4C16 Apr 2026
+ 8 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 MDAX UCITS ETF Acc track?
The issuer Amundi declares the benchmark: MDAX Net Return.
How much does MD4C cost?
The issuer-declared TER is 0.20% per year; the transaction costs estimated in the KID are 0.01%.
How is MD4C 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 MD4C?
The fund size declared by Amundi is about 3 million euro.
When was MD4C launched?
The fund was launched on 26 March 2026: it has been trading for 168 days: the page fills up as the issuer publishes data.
How does MD4C replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does MD4C pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does MD4C trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (MD4C), Börse Frankfurt (MD4C), Börse Hamburg (MD4C), Börse Hannover (MD4C), Börse München / gettex (MD4C), Börse Stuttgart (MD4C).
What was MD4C's worst fall?
Over the available history (since 2026), the maximum drawdown was -6.23%, reached in June 2026. Past performance is not indicative of future results.
How many securities does MD4C hold?
The declared portfolio holds 52 securities; the top 10 positions weigh 38%.
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.