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Amundi S&P World Financials Screened UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: IE000KYX7IP4Ticker: WEL7 (Xetra) · GLFI (London SE) · GLFI (Euronext Paris) · WEL7 (SIX)Issuer: AmundiClass: UCITS ETF Acc
Issuer-declared data
Declared index
S&P World Financials Weighted & Screened Index
TER
0.18%
Transaction costs
0.07% (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?
Sector (from holdings)
Financials — 100% of the declared portfolio (31 July 2026)
Fund assets
1.3 bn EUR
NAV
20.19 EUR (1 September 2026)
Domicile
Ireland
Inception date
20 September 2022
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 S&P World Financials Screened UCITS ETF Acc tracks the issuer-declared index: S&P World Financials Weighted & Screened Index. The declared annual cost (TER) is 0.18%, plus 0.07% 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 1.3 billion euro, was launched on 20 September 2022 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 S&P World Financials Weighted & Screened Index (the "Index"). The anticipated level of the tracking error, under normal market conditions, is indicated in the prospectus of the Sub-Fund. The Sub-Fund promotes environmental and/or social characteristics through among others, replicating an Index integrating an environmental, social and governance ("ESG") rating. The Index is an equity index that measures the performance of eligible equity securities from the S&P World Financials Index (the "Parent Index"). The Parent Index is designed to measure the performance of large and mid-cap financials companies in developed markets excluding Korea which make up approximately 85% of the total available capital. Financial companies are identified by reference to the GICS. The financials sector contains companies involved in banking, thrifts and mortgage finance, specialized finance, consumer finance, asset management and custody banks, investment banking and brokerage and insurance. It also includes financial exchanges and data, and mortgage REIT. The Index is selected and weighted to enhance ESG profiles, and reduce carbon emission intensity, all compared to the Parent Index. The Index applies several ESG filters (e.g. exclusions filters to exclude companies involved in controversial business activities (e.g. controversial weapon), or involved in ESG controversies) and optimization constraints (GHG intensity reduction and identical S&P Global ESG Score or improvement of such score compared to the 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. More information about the composition of the Index and its operating rules are available in the prospectus and at https://www.spglobal.com/spdji/en/supplemental-data/europe The Index value is available via Bloomberg (SPDSEFUN). 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 0.18%: below the median of equity ETFs we track (0.22%).
  • Assets larger than 77% of equity ETFs we track.
  • Average tracking difference over the last 3 years: +0.16% p.a., against a declared TER of 0.18%.
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 Sept 2022 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+103.1%
Annualised
+19.6%
Volatility (ann.)
13.4%
Max drawdown
-18.48%
-9%+21%+52%+82%+113%Sept 2022Sept 2023Sept 2024Sept 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+103%Sept 2022Sept 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%-5%-10%-15%-20%20222023202420252026−18.48% · 07 Apr 2025
Max drawdown
-18.48%
peak → trough
Trough
07 Apr 2025
from the 18 Feb 2025 peak
Recovery time
129 days
recovery only: trough to break-even · ≈ 4 months
Underwater
177 days
decline + recovery: peak to break-even · ≈ 6 months · → recovered on 14 Aug 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
18 Feb 202507 Apr 2025-18.48%14 Aug 2025177
13 Feb 202324 Mar 2023-13.51%04 Dec 2023294
06 Jan 202627 Mar 2026-9.68%12 Jun 2026157
31 Jul 202405 Aug 2024-9.27%29 Aug 202429
30 Nov 202216 Dec 2022-7.06%26 Jan 202357

Calendar-year returns

2022
1.0%
2023
12.3%
2024
34.8%
2025
15.6%
2026
14.9%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-0.4-0.8-3.96.01.15.76.30.40.114.9
20256.32.0-6.0-4.06.5-0.23.11.60.4-0.21.74.115.6
20243.33.65.2-2.13.2-0.04.61.00.73.010.4-1.934.8
20236.80.7-9.71.5-1.34.04.1-2.20.5-3.47.24.712.3
20228.15.1-5.11.0
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 3 of the last 3 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.16% /anno
Declared TER
0.18%
YearFundIndexDifference
2025+15.59%+15.45%+0.14%
2024+34.81%+34.61%+0.20%
2023+12.32%+12.17%+0.15%
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 yearsFull history
Volatility (ann.)11.65%12.98%13.30%
Max drawdown-9.68%-18.48%-18.48%
Sharpe1.641.501.16
Sortino2.422.051.59
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, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
210
Top-10 weight
31.3%

Top 10 holdings

JPMORGAN CHASE & CO · JPM UN
7.17%
VISA INC-CLASS A SHARES · V UN
4.84%
MASTERCARD INC-CL A · MA UN
3.68%
BANK OF AMERICA CORP · BAC UN
2.96%
HSBC HOLDINGS PLC · HSBA LN
2.52%
GOLDMAN SACHS GROUP INC · GS UN
2.16%
WELLS FARGO CO · WFC UN
2.08%
ROYAL BANK OF CANADA · RY CT
2.07%
MITSUBISHI UFJ FINANCIAL GROUP · 8306 JT
2.02%
MORGAN STANLEY · MS UN
1.76%

Sectors

Financials
100.0%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 4.3%Austria: 0.5%AzerbaijanBurundiBelgium: 0.4%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 6.5%Switzerland: 2.8%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 3.5%DjiboutiDenmark: 0.3%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 3.4%EstoniaEthiopiaFinland: 0.7%FijiFalkland IslandsFrance: 2%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.4%IranIraqIcelandIsrael: 0.9%Italy: 3.2%JamaicaJordanJapan: 8.9%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 1.4%Norway: 0.4%NepalNew Zealand: 0.1%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 0.1%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 1.5%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 48.8%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States48.8%
Japan8.9%
Canada6.5%
United Kingdom6.3%
Australia4.3%
Germany3.5%
Spain3.4%
⬇ Download the full portfolio — Excel, 211 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:

IE000KYX7IP4WEL7
  • Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 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 Düsseldorf—12 Oct 2022
Börse Frankfurt—11 Oct 2022
Börse Hamburg—6 Dec 2022
Börse Hannover—9 Dec 2024
Börse München / gettex—11 Oct 2022
Börse Stuttgart—26 Oct 2022
Euronext ParisGLFI7 May 2025
Tradegate Exchange—20 Dec 2022
Xetra (Deutsche Börse)WEL711 Oct 2022
+ 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 S&P World Financials Screened UCITS ETF Acc track?
The issuer Amundi declares the benchmark: S&P World Financials Weighted & Screened Index.
How much does WELK cost?
The issuer-declared TER is 0.18% per year; the transaction costs estimated in the KID are 0.07%.
How is WELK 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 WELK?
The fund size declared by Amundi is about 1.3 billion euro.
When was WELK launched?
The fund was launched on 20 September 2022: it has 3 years of history.
How does WELK replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does WELK pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does WELK trade?
Per the official ESMA register it trades on 9 main exchanges, including Euronext Paris (GLFI), Xetra (Deutsche Börse) (WEL7).
What was WELK's worst fall?
Over the available history (since 2022), the maximum drawdown was -18.48%, reached in April 2025. Past performance is not indicative of future results.
What is WELK's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.16% per year versus its index (from issuer-declared series).
How many securities does WELK hold?
The declared portfolio holds 210 securities; the top 10 positions weigh 31.3%.
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.