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Amundi MSCI USA ESG Broad Transition UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: IE0006IP4XZ8Ticker: WEB2 (Xetra) · USAC (Euronext Paris) · LUSAC (SIX)Issuer: AmundiClass: UCITS ETF Acc
Issuer-declared data
Declared index
MSCI USA ESG Broad CTB Select Net Total Return Index
TER
0.07%
Transaction costs
0.00% (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
3.5 bn EUR
NAV
662.86 EUR (1 September 2026)
Domicile
Ireland
Inception date
16 November 2023
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 USA ESG Broad Transition UCITS ETF Acc tracks the issuer-declared index: MSCI USA ESG Broad CTB Select Net Total Return Index. The declared annual cost (TER) is 0.07%, plus 0.00% 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 3.5 billion euro, was launched on 16 November 2023 and is domiciled in Ireland. 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

This Sub-Fund is passively managed. The Sub-Fund is a financial product that promotes among other characteristics ESG characteristics pursuant to Article 8 of the Disclosure Regulation. The objective of this Sub-Fund is to track the performance of MSCI USA ESG Broad CTB Select Net Index (the "Index"), and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of 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 a net total return index, meaning that dividends net of tax paid by the index constituents are included in the Index return. The Index is an equity index based on the MSCI USA Index representative of the large and mid-cap segments of the US market (the "Parent Index"), which excludes companies from the Parent Index based on social or environmental criteria. In addition, the Index aims to represent the performance of a strategy that reweights securities according to the opportunities and risks associated with the climate transition, in order to meet the minimum requirements of the EU Climate Transition Benchmark ("EU CTB") under the Benchmark Regulation. The Index is constructed by applying a combination of values based exclusions and an optimization process that minimises the ex-ante tracking error compared to the Parent Index while ensuring that the ESG score of the Index is at least equal to the ESG Score of the Parent Index, and to meet the EU CTB minimum requirements while targeting a similar risk profile to the Parent Index. For further information on the exclusions applied by the Index pursuant to the EU Climate Transition Benchmarks (CTB), please refer to the "Guidelines on funds’ names using ESG or sustainability-related terms" section of the Prospectus. More information about the composition of the Index and its operating rules are available in the prospectus and at: www.msci.com The Index value is available via Bloomberg MXUSEBSL. 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 0.07%: below the median of equity ETFs we track (0.22%).
  • Assets larger than 89% of equity ETFs we track.
  • Average tracking difference over the last 3 years: +0.07% p.a., against a declared TER of 0.07%.
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 Feb 2013 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+564.3%
Annualised
+15.0%
Volatility (ann.)
18.3%
Max drawdown
-33.95%
-3%+148%+299%+450%+601%Feb 2013Jun 2016Nov 2019Apr 2023Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+564%Feb 2013Sept 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%-10%-20%-30%-40%-50%2013201520172019202120232025−33.95% · 23 Mar 2020
Max drawdown
-33.95%
peak → trough
Trough
23 Mar 2020
from the 19 Feb 2020 peak
Recovery time
246 days
recovery only: trough to break-even · ≈ 8 months
Underwater
279 days
decline + recovery: peak to break-even · ≈ 9 months · → recovered on 24 Nov 2020

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 Feb 202023 Mar 2020-33.95%24 Nov 2020279
23 Jan 202508 Apr 2025-23.11%31 Oct 2025281
03 Jan 202216 Jun 2022-19.69%11 Dec 2023707
01 Dec 201511 Feb 2016-18.93%20 Jul 2016232
03 Oct 201824 Dec 2018-18.61%21 Mar 2019169

Calendar-year returns

2016
14.6%
2017
6.8%
2018
-0.0%
2019
33.6%
2020
11.0%
2021
36.3%
2022
-15.9%
2023
21.5%
2024
32.1%
2025
1.7%
2026
12.8%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-0.7-0.5-2.88.95.91.2-0.81.8-0.412.8
20252.1-2.0-9.5-5.56.61.44.7-0.53.14.1-0.6-1.11.7
20243.05.73.1-3.63.15.10.60.11.41.59.3-0.632.1
20234.7-0.10.9-0.64.14.22.2-0.1-2.9-2.36.33.521.5
2022-4.7-3.54.1-4.1-1.9-6.112.1-2.9-7.06.71.5-9.3-15.9
2021-0.22.77.12.9-0.75.62.43.4-3.07.21.62.936.3
20201.5-7.4-12.613.33.51.30.66.3-1.8-2.08.61.811.0
20197.84.13.34.2-5.84.73.8-0.72.8-0.24.91.133.6
20181.9-1.6-3.32.26.00.63.43.80.6-4.62.0-9.9-0.0
2017-0.45.7-0.5-0.7-1.9-0.8-1.3-0.52.63.80.60.46.8
2016-5.0-0.71.8-0.04.70.43.10.5-0.80.67.02.414.6
20154.26.42.9-3.33.5-3.52.8-7.4-2.39.44.9-4.412.3
2014-1.32.20.9-0.04.01.80.95.62.63.23.12.728.3
20135.6-0.73.8-1.73.0-2.10.64.02.61.420.3
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 8 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.07% /anno
Declared TER
0.07%
YearFundIndexDifference
2025+1.69%+1.58%+0.11%
2024+32.10%+31.91%+0.19%
2023+21.50%+21.60%-0.09%
2022-15.90%-15.86%-0.04%
2021+36.27%+36.10%+0.17%
2020+10.99%+10.75%+0.24%
2019+33.56%+33.28%+0.27%
2018-0.01%-0.25%+0.24%
2017+6.84%+6.45%+0.39%
2016+14.60%+14.21%+0.39%
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 yearsLast 10 yearsFull history
Volatility (ann.)12.80%15.85%17.65%18.85%18.19%
Max drawdown-8.67%-23.11%-23.11%-33.95%-33.95%
Sharpe1.220.830.540.720.80
Sortino1.741.180.761.011.13
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.

Portfolio holdings

Securities in portfolio
462
Top-10 weight
37.1%

Top 10 holdings

NVIDIA CORP · NVDA UW
7.55%
APPLE INC · AAPL UW
7.24%
MICROSOFT CORP · MSFT UW
5.36%
ALPHABET INC CL C · GOOG UW
4.05%
AMAZON.COM INC · AMZN UW
3.76%
BROADCOM INC · AVGO UW
2.54%
META PLATFORMS INC-CLASS A · META UW
1.93%
MICRON TECHNOLOGY INC · MU UW
1.59%
TESLA INC · TSLA UW
1.55%
JPMORGAN CHASE & CO · JPM UN
1.51%

Sectors

Information Technology
38.0%
Financials
12.1%
Communication Services
10.0%
Health Care
9.8%
Consumer Discretionary
9.0%
Industrials
8.8%
Others
4.1%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican 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 America: 100%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States100%
Download the full portfolio — Excel, 463 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
LUSA · Amundi · 4 classes
0.07%Dist. · Acc.2.6 mld 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 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 →

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfWEB212 Mar 2025
Börse HamburgWEB23 Dec 2025
Börse Hannover2 Sept 2026
Euronext ParisUSAC17 Nov 2023
Xetra (Deutsche Börse)WEB212 Dec 2023
+ 15 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 USA ESG Broad Transition UCITS ETF Acc track?
The issuer Amundi declares the benchmark: MSCI USA ESG Broad CTB Select Net Total Return Index.
How much does USAC cost?
The issuer-declared TER is 0.07% per year; the transaction costs estimated in the KID are 0.00%.
How is USAC 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 USAC?
The fund size declared by Amundi is about 3.5 billion euro.
When was USAC launched?
The fund was launched on 16 November 2023: it has 2 years of history.
How does USAC replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does USAC pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does USAC trade?
Per the official ESMA register it trades on 5 main exchanges, including Börse Düsseldorf (WEB2), Börse Hamburg (WEB2), Euronext Paris (USAC), Xetra (Deutsche Börse) (WEB2).
What was USAC's worst fall?
Over the available history (since 2013), the maximum drawdown was -33.95%, reached in March 2020. Past performance is not indicative of future results.
What is USAC'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 USAC hold?
The declared portfolio holds 462 securities; the top 10 positions weigh 37.1%.
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.