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Amundi MSCI World Minimum Volatility Advanced UCITS ETF ACCIndex, costs, backtest, listings and taxation

ISIN: IE0001DKJVC2Ticker: WMMV (Xetra)Issuer: AmundiClass: UCITS ETF Acc
Issuer-declared data
Declared index
MSCI World Minimum Volatility Advanced Target Index
TER
0.25%
Transaction costs
0.01% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
488.2 mln EUR
NAV
11.81 USD (1 September 2026)
Domicile
Ireland
Inception date
30 October 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 MSCI World Minimum Volatility Advanced UCITS ETF ACC tracks the issuer-declared index: MSCI World Minimum Volatility Advanced Target Index. The declared annual cost (TER) is 0.25%, 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 488 million euro, was launched on 30 October 2024 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Sub-Fund is passively managed. The objective of the Sub-Fund is to track the performance of the index “MSCI World Minimum Volatility Advanced Target Index“ (the “Index”). The anticipated level of the tracking error, under normal market conditions, is indicated in the prospectus of the Sub-Fund. The Index is an equity index based on the MSCI World Index, representative of the large and mid-cap stocks across developed markets countries (the “Parent Index”). The Index is designed to represent the performance of a strategy that seeks systematic integration of environmental, social and governance (“ESG”) characteristics along with the minimum volatility factor (i.e. stocks which exhibit less price variability than the broad market). The index is constructed by selecting constituents of a market capitalization weighted index and applying an optimization process that aims to minimize the total risk, reduce the carbon-equivalent exposure to CO2 and other greenhouse gases (“GHG”) by thirty percent (30%) and improve the weighted-average industry-adjusted ESG score of the index with respect to its Parent Index. The Index is a net total return index, meaning that dividends net of tax paid by the index constituents are included in the Index return. For further details, please refer to the Index methodology available on msci.com. The limits of the approach adopted are described in the Sub-Fund's prospectus through ESG Risks factors such as Risk linked to ESG Methodologies and to ESG score computation. The ESG score of companies is calculated by an ESG rating agency, using raw data, models and estimates 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 exposure to the Index will be achieved through a Direct Replication, mainly by making direct investments in transferable securities and/or other eligible assets representing the Index constituents in a proportion extremely close to their proportion in the Index. The Investment Manager will be able to use derivatives in order to deal with inflows and outflows and which relate to the Index or constituents of the Index for investment and/or efficient portfolio management. In order to generate additional income to offset its costs, the Sub-Fund may also enter into securities lending operations.

Keep reading the KID section ▾

Intended Retail Investor:This product is intended for investors, with a basic knowledge of and no or limited experience of investing in funds seeking to increase the value of their investment over the recommended holding period with the ability to bear losses up to the amount invested.

Redemption and Dealing:The Sub-Fund's shares are listed and traded on one or more stock exchanges. In normal circumstances, you may deal in shares during the trading hours of the stock exchanges. Only authorised participants (e.g., selected financial institutions) may deal in shares directly with the SubFund on the primary market. Further details are provided in the AMUNDI ETF ICAV prospectus.

Distribution policy:As this is a non-distributing share class, investment income is reinvested. the accumulation share automatically retains, and re-invests, all attributable income within the Sub-Fund; thereby accumulating value in the price of the accumulation shares.

More Information:You may get further information about the Sub-Fund, including the prospectus, and financial reports which are available at and free of charge on request from: Amundi Ireland Limited at AMUNDI IRELAND LIMITED, One George's Quay Plaza, George's Quay, Dublin 2, Ireland.

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 0.25%: above the median of equity ETFs we track (0.22%).
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) · USD · from Nov 2024 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+16.4%
Annualised
+8.6%
Volatility (ann.)
9.1%
Max drawdown
-7.42%
-6%+1%+8%+15%+22%Nov 2024Apr 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%)+16%Nov 2024Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
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%202420252026−7.42% · 08 Apr 2025
Max drawdown
-7.42%
peak → trough
Trough
08 Apr 2025
from the 01 Apr 2025 peak
Recovery time
21 days
recovery only: trough to break-even
Underwater
28 days
decline + recovery: peak to break-even · → recovered on 29 Apr 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
01 Apr 202508 Apr 2025-7.42%29 Apr 202528
27 Feb 202627 Mar 2026-6.25%28 Jul 2026151
29 Nov 202410 Jan 2025-6.22%13 Feb 202576
20 Aug 202503 Nov 2025-3.55%28 Nov 2025100
01 Jul 202531 Jul 2025-2.84%19 Aug 202549

Calendar-year returns

2024
-1.9%
2025
11.2%
2026
6.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.94.2-5.11.40.5-0.23.53.0-1.26.7
20253.63.00.51.11.20.4-2.42.50.1-2.13.3-0.411.2
2024-5.0-1.9
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.
Declared TER
0.25%
YearFundIndexDifference
2025+11.16%+11.26%-0.09%
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 yearFull history
Volatility (ann.)8.31%10.15%
Max drawdown-4.49%-11.31%
Sharpe0.760.28
Sortino1.100.38
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: 2.21%), 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 — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
260
Top-10 weight
13.5%

Top 10 holdings

JOHNSON & JOHNSON · JNJ UN
1.68%
MICROSOFT CORP · MSFT UW
1.48%
COCA-COLA CO/THE · KO UN
1.44%
MOTOROLA SOLUTIONS INC · MSI UN
1.38%
ZURICH INSURANCE GROUP AG · ZURN SE
1.34%
CISCO SYSTEMS INC · CSCO UW
1.28%
CENCORA INC · COR UN
1.23%
WELLTOWER INC · WELL UN
1.22%
VERIZON COMMUNICATIONS INC · VZ UN
1.21%
KDDI CORP · 9433 JT
1.21%

Sectors

Information Technology
25.1%
Health Care
15.3%
Financials
14.2%
Communication Services
10.4%
Consumer Staples
9.6%
Utilities
7.0%
Industrials
6.9%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 0.5%Austria: 0.1%AzerbaijanBurundiBelgium: 0.9%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 2.4%Switzerland: 3.1%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 1.8%DjiboutiDenmark: 0.2%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 1.8%EstoniaEthiopiaFinland: 0.8%FijiFalkland IslandsFrance: 2.2%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.1%IranIraqIcelandIsrael: 0.8%Italy: 0.4%JamaicaJordanJapan: 11.2%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 1.4%Norway: 0.2%NepalNew Zealand: 0.1%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 0.1%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 0.3%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 68%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States68%
Japan11.2%
Switzerland3.1%
Canada2.4%
France2.2%
Spain1.8%
Germany1.8%
Download the full portfolio — Excel, 261 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 →

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfWMMV20 May 2025
Börse FrankfurtWMMV21 Nov 2024
Börse HamburgWMMV28 Nov 2024
Börse HannoverWMMV9 Dec 2024
Börse München / gettexWMMV21 Nov 2024
Börse StuttgartWMMV10 Dec 2024
Tradegate ExchangeWMMV16 Dec 2024
Xetra (Deutsche Börse)WMMV21 Nov 2024
+ 7 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 Minimum Volatility Advanced UCITS ETF ACC track?
The issuer Amundi declares the benchmark: MSCI World Minimum Volatility Advanced Target Index.
How much does WMMV cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.01%.
How is WMMV 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 WMMV?
The fund size declared by Amundi is about 488 million euro.
When was WMMV launched?
The fund was launched on 30 October 2024: it has 1 year of history.
How does WMMV replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does WMMV pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does WMMV trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (WMMV), Börse Frankfurt (WMMV), Börse Hamburg (WMMV), Börse Hannover (WMMV), Börse München / gettex (WMMV), Börse Stuttgart (WMMV).
What was WMMV's worst fall?
Over the available history (since 2024), the maximum drawdown was -7.42%, reached in April 2025. Past performance is not indicative of future results.
How many securities does WMMV hold?
The declared portfolio holds 260 securities; the top 10 positions weigh 13.5%.
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.