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Amundi Core S&P 500 Swap UCITS ETF USD DistIndex, costs, backtest, listings and taxation

ISIN: LU0496786657Ticker: 6TVM (Xetra) · LSPU (London SE) · LYSP5 (SIX)Issuer: AmundiClass: UCITS ETF USD Dist

Issuer-declared data

Declared index

S&P 500 Net Total Return Index

TER

0.05%

Transaction costs

0.00% (issuer estimate, from the KID)

Management

Passive (index-tracking) (from the KID)

Replication

Synthetic (swap)

Income policy

Distributing

SFDR

Article 6 — does not promote specific ESG characteristics what does it mean?

Fund assets

4.6 bn EUR

NAV

78.71 USD (1 September 2026)

Domicile

Luxembourg

Inception date

26 March 2010

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 Core S&P 500 Swap UCITS ETF USD Dist tracks the issuer-declared index: S&P 500 Net Total Return Index. The declared annual cost (TER) is 0.05%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication (swap based); income is distributed to investors. The fund has assets of about 4.6 billion euro, was launched on 26 March 2010 and is domiciled in Luxembourg. In our registry 5 other ETFs declare the same index.

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

The Fund is an index-tracking UCITS passively managed. The investment objective of MULTI UNITS LUXEMBOURG - Amundi Core S&P 500 Swap (the “Sub-Fund”) is to track both the upward and the downward evolution of the S&P 500® Net Total Return (the "Index") denominated in US Dollars - while minimising the volatility of the difference between the return of the Sub-Fund and the return of the Index (the “Tracking Error”). The Index is a free-float capitalization-weighted index, representative of the performance of the 500 leading U.S. companies listed in the United States. To be included, the companies must be domiciled in the United States, and have an unadjusted market cap of USD 18.0 billion or greater, and must have a float-adjusted market cap of at least 50% of the unadjusted minimum market cap threshold. Each stock of the Index is weighted according to the free float-adjusted market capitalization. The anticipated level of Tracking Error in normal market conditions is indicated in the prospectus. Additional information about the Benchmark Index can be found at https://www.spglobal.com/spdji/. The Benchmark Index is a net total return index. A net total return index calculates the performance of the index constituents on the basis that any dividends or distributions are included in the index returns after withholding tax retention.
Keep reading the KID section ▾
The Fund seeks to achieve its objective via indirect replication by entering into an over-the-counter swap contract (ﬁnancial derivative instrument, the "FDI"). The Fund may also invest in a diversiﬁed portfolio of international equities, whose performance will be exchanged against the performance of the benchmark Index via the FDI. Updated composition of the Fund holdings is available on www.amundietf.com. In addition, the indicative net asset value is published on the Reuters and Bloomberg pages of the Fund, and might also be mentioned on the websites of the stock exchanges where the Fund is listed.
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 and to receive income 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 Sub-Fund on the primary market. Further details are provided in the MULTI UNITS LUXEMBOURG prospectus.
Distribution policy:The Fund’s amounts available for distribution (if any) will be distributed.
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 Luxembourg S.A. at 5, allée Scheffer 2520 Luxembourg, Luxembourg.

From the KID’s “Objectives” section · 7 August 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

TER 0.05%: below the median of equity ETFs we track (0.22%).
Assets larger than 92% of equity ETFs we track.
Average tracking difference over the last 3 years: +0.39% p.a., against a declared TER of 0.05%.

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 version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF 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 Oct 2012 to Sept 2026

Dividends reinvestedAdjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+565.2%

Annualised

+14.6%

Volatility (ann.)

16.8%

Max drawdown

-33.80%

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.

Max drawdown

-33.80%

peak → trough

Trough

23 Mar 2020

from the 19 Feb 2020 peak

Recovery time

140 days

recovery only: trough to break-even · ≈ 5 months

Underwater

173 days

decline + recovery: peak to break-even · ≈ 6 months · → recovered on 10 Aug 2020

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
19 Feb 2020	23 Mar 2020	-33.80%	10 Aug 2020	173
03 Jan 2022	12 Oct 2022	-24.56%	13 Dec 2023	709
20 Sept 2018	24 Dec 2018	-19.40%	12 Apr 2019	204
19 Feb 2025	08 Apr 2025	-18.76%	26 Jun 2025	127
20 Jul 2015	11 Feb 2016	-13.11%	19 Apr 2016	274

Calendar-year returns

2016

11.8%

2017

21.7%

2018

-4.5%

2019

31.3%

2020

18.3%

2021

28.6%

2022

-18.2%

2023

26.1%

2024

24.9%

2025

17.7%

2026

12.8%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	1.4	-0.8	-5.0	10.5	5.3	-1.0	-0.1	2.7	-0.2				12.8
2025	2.8	-1.3	-5.6	-0.7	6.3	5.1	2.2	2.0	3.6	2.3	0.2	0.1	17.7
2024	1.7	5.3	3.2	-4.1	4.9	3.6	1.2	2.4	2.1	-0.9	5.9	-2.4	24.9
2023	6.3	-2.4	3.7	1.6	0.4	6.6	3.2	-1.6	-4.8	-2.1	9.1	4.5	26.1
2022	-5.2	-3.0	3.7	-8.7	0.2	-8.3	9.2	-4.1	-9.2	8.1	5.6	-5.8	-18.2
2021	-1.0	2.7	4.4	5.3	0.7	2.3	2.4	3.0	-4.7	7.0	-0.7	4.5	28.6
2020	-0.0	-8.2	-12.4	12.8	4.7	2.0	5.6	7.2	-3.8	-2.7	10.9	3.8	18.3
2019	8.0	3.2	1.9	4.0	-6.4	7.0	1.4	-1.6	1.9	2.2	3.6	3.0	31.3
2018	5.7	-3.7	-2.6	0.4	2.4	0.6	3.7	3.2	0.6	-6.8	2.0	-9.0	-4.5
2017	1.9	3.9	0.1	1.0	1.4	0.6	2.1	0.3	2.1	2.3	3.0	1.1	21.7
2016	-5.0	-0.2	6.8	0.4	1.8	0.2	3.7	0.1	0.0	-1.8	3.7	2.0	11.8
2015	-3.0	5.7	-1.6	1.0	1.2	-2.0	2.1	-6.1	-2.5	8.4	0.3	-1.6	1.1
2014	-3.5	4.5	0.8	0.7	2.3	2.0	-1.4	3.9	-1.4	2.4	2.6	-0.3	13.3
2013	5.2	1.3	3.7	1.9	2.3	-1.4	5.1	-2.9	3.1	4.6	3.0	2.5	31.9
2012											0.5	0.9	-0.8

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.

Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.

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 10 of the last 10 calendar years: a past observation, not an indication of future outperformance.

Average TD (last 3 years)

+0.39% /anno

Declared TER

0.05%

Year	Fund	Index	Difference
2025	+17.74%	+17.43%	+0.31%
2024	+24.89%	+24.50%	+0.39%
2023	+26.15%	+25.67%	+0.48%
2022	-18.21%	-18.51%	+0.30%
2021	+28.56%	+28.16%	+0.40%
2020	+18.33%	+17.75%	+0.58%
2019	+31.31%	+30.70%	+0.62%
2018	-4.55%	-4.94%	+0.39%
2017	+21.69%	+21.10%	+0.59%
2016	+11.79%	+11.23%	+0.57%

Fund return with dividends reinvested by Rebalix on each ex-date (the issuer does not publish a total-return series); index from the issuer-declared series; complete calendar years covered by our dividend archive. 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 year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	12.80%	16.01%	18.05%	19.15%	18.24%
Max drawdown	-7.65%	-22.59%	-22.59%	-33.69%	-33.69%
Sharpe	1.35	0.86	0.58	0.68	0.75
Sortino	1.97	1.22	0.82	0.96	1.06

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: 2.20%), 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

495

Top-10 weight

41.9%

Top 10 holdings

APPLE INC · AAPL UW

8.66%

MICROSOFT CORP · MSFT UW

6.96%

AMAZON.COM INC · AMZN UW

5.18%

BROADCOM INC · AVGO UW

4.43%

META PLATFORMS INC-CLASS A · META UW

3.80%

NVIDIA CORP · NVDA UW

2.89%

MICRON TECHNOLOGY INC · MU UW

2.63%

JPMORGAN CHASE & CO · JPM UN

2.63%

TESLA INC · TSLA UW

2.37%

SEAGATE TECHNOLOGY HOLDINGS · STX UW

2.32%

⬇ Download the full portfolio — Excel, 496 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. Synthetic replication: the list shows the substitute basket (securities held as swap collateral), which can differ substantially from the replicated index. The fund’s economic exposure is that of its declared index.

Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Frequency

Annual

Latest dividend

0.70 USD

ex 9 Dec 2025 · paid ~12 Dec 2025

Dividends, last 12 months

0.70 USD

Dividend yield

0.89%

12-month sum over the NAV as of 2 Sept 2026

Yield by year

Period	Dividends	Dividend yield
1 year	0.70 USD	1.06 %
2025	0.70 USD	1.16 %
2024	0.78 USD	1.60 %
2023	0.49 USD	1.25 %
2022	0.80 USD	1.64 %
2021	0.54 USD	1.41 %

Dividend contribution to total return

dividendsprice changeprice decline

Calendar per share (USD)

Year	Jul	Dec
2025		0.70
2024		0.78
2023		0.49
2022	0.35	0.45
2021	0.29	0.25
2020	0.33	0.23
2019	0.31	0.23
2018	0.27	0.23
2017	0.26	0.20
2016	0.25	0.20
2015	0.24	0.18
2014	0.15	0.11
2013	0.13	0.11
2012		0.09

Latest dividends

Per share	Ex-dividend date	Payment
0.70 USD	9 Dec 2025	12 Dec 2025 · estimated
0.78 USD	10 Dec 2024	13 Dec 2024 · estimated
0.49 USD	12 Dec 2023	15 Dec 2023 · estimated
0.45 USD	7 Dec 2022	9 Dec 2022 · estimated
0.35 USD	6 Jul 2022	8 Jul 2022 · estimated
0.25 USD	8 Dec 2021	10 Dec 2021 · estimated
0.29 USD	7 Jul 2021	9 Jul 2021 · estimated
0.23 USD	9 Dec 2020	11 Dec 2020 · estimated

Per-share dividends as declared by the issuer, in USD, since the first payment (12 Dec 2012). Past dividends are not indicative of future ones. An «estimated» payment date is computed by Rebalix (ex-date + 2-3 business days, as this issuer has paid in the past) because the issuer does not publish it: it may differ by a day.

Index tracked

S&P 500 Net Total Return Index

This fund belongs to the S&P 500 family: compare all census ETFs in this family →

ETFs declaring the same index

Fund	TER	Income	Fund size
Amundi Core S&P 500 Swap UCITS ETF Acc compare ⇄ SP5C · Amundi · 2 classes	0.05%	Dist. · Acc.	15.9 mld EUR
Fineco AM Amundi S&P 500 UCITS ETF Acc compare ⇄ AQUIL · Amundi	0.10%	Acc.	1 mln EUR
Amundi S&P 500 Swap UCITS ETF EUR Acc compare ⇄ A500 · Amundi · 3 classes	0.15%	Dist. · Acc.	2.8 mld EUR
Amundi Core S&P 500 UCITS ETF Acc compare ⇄ CSP5 · Amundinot on Borsa Italiana	0.03%	Acc.	21 mln EUR
Amundi PEA S&P 500 UCITS ETF Acc compare ⇄ PSP5 · Amundinot on Borsa Italiana	0.12%	Acc.	1.2 mld EUR

6 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 →

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:

LU04967866576TVM

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

Exchange	Ticker	Trading since
Börse Düsseldorf	6TVM	4 Sept 2020
Börse Frankfurt	6TVM	4 Sept 2020
Börse Hamburg	6TVM	4 Sept 2020
Börse Hannover	6TVM	9 Dec 2024
Börse München / gettex	6TVM	7 Sept 2020
Börse Stuttgart	6TVM	7 Sept 2020
Tradegate Exchange	6TVM	4 Sept 2020
Xetra (Deutsche Börse)	6TVM	4 Sept 2020

+ 17 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 Core S&P 500 Swap UCITS ETF USD Dist track?

The issuer Amundi declares the benchmark: S&P 500 Net Total Return Index.

How much does 6TVM cost?

The issuer-declared TER is 0.05% per year; the transaction costs estimated in the KID are 0.00%.

How is 6TVM 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 6TVM?

The fund size declared by Amundi is about 4.6 billion euro.

When was 6TVM launched?

The fund was launched on 26 March 2010: it has 16 years of history.

How does 6TVM replicate its index?

It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).

Does 6TVM pay dividends?

Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).

Where does 6TVM trade?

Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (6TVM), Börse Frankfurt (6TVM), Börse Hamburg (6TVM), Börse Hannover (6TVM), Börse München / gettex (6TVM), Börse Stuttgart (6TVM).

What was 6TVM's worst fall?

Over the available history (since 2012), the maximum drawdown was -33.80%, reached in March 2020. Past performance is not indicative of future results.

What is 6TVM's tracking difference?

Over the last 3 complete calendar years the fund returned on average +0.39% per year versus its index (from issuer-declared series).

How many securities does 6TVM hold?

The declared portfolio holds 495 securities; the top 10 positions weigh 41.9%.

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.