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Amundi MSCI Pacific Ex Japan UCITS ETF DistIndex, costs, backtest, listings and taxation

ISIN: LU1220245556Ticker: LGQK (Xetra) · PAXG (London SE) · PAXJ (SIX)Issuer: AmundiClass: UCITS ETF Dist
Issuer-declared data
Declared index
MSCI Pacific ex Japan Net Return USD Index
TER
0.12%
Transaction costs
0.07% (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
352.3 mln EUR
NAV
128.8 USD (1 September 2026)
Domicile
Luxembourg
Inception date
29 April 2015
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 Pacific Ex Japan UCITS ETF Dist tracks the issuer-declared index: MSCI Pacific ex Japan Net Return USD Index. The declared annual cost (TER) is 0.12%, plus 0.07% in transaction costs estimated by the issuer in the KID. Replication is direct physical replication; income is distributed to investors. The fund has assets of about 352 million euro, was launched on 29 April 2015 and is domiciled in Luxembourg.

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

The Fund is an index-tracking UCITS passively managed. The investment objective is to track both the upward and the downward evolution of the MSCI Pacific Ex Japan Index Net Total Return ("Benchmark Index") denominated in US dollars and representative of large and mid cap capitalization across 4 of 5 Developed Markets countries in the Pacific region, excluding Japan while minimising the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the "Tracking Error"). The anticipated level of tracking error in normal market conditions is indicated in the prospectus. 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. MSCI's website (www.msci.com) contains more detailed information about the MSCI indexes. 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. The Sub-Fund intends to implement a sampled replication model in order to track the performance of the Index and it is therefore not expected that the Sub-Fund will hold each and every underlying component of the Index at all times or hold them in the same proportion as their weightings in the Index. The Sub-Fund may also hold some securities which are not underlying components of 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. 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.

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 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 SubFund 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 · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.12%: below the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: -0.13% p.a., against a declared TER of 0.12%.
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 Apr 2015 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+94.6%
Annualised
+6.0%
Volatility (ann.)
16.6%
Max drawdown
-39.39%
-30%+3%+36%+69%+102%Apr 2015Feb 2018Dec 2020Oct 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%)+95%Apr 2015Sept 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%-10%-20%-30%-40%-50%201520172019202120232025−39.39% · 23 Mar 2020
Max drawdown
-39.39%
peak → trough
Trough
23 Mar 2020
from the 17 Jan 2020 peak
Recovery time
259 days
recovery only: trough to break-even · ≈ 9 months
Underwater
325 days
decline + recovery: peak to break-even · ≈ 11 months · → recovered on 07 Dec 2020

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
17 Jan 202023 Mar 2020-39.39%07 Dec 2020325
29 Apr 201520 Jan 2016-28.01%20 Mar 2017691
10 May 202124 Oct 2022-25.62%16 Sept 20241,225
30 Sept 202409 Apr 2025-18.16%21 May 2025233
26 Jan 201826 Oct 2018-16.31%20 Jun 2019510

Calendar-year returns

2016
7.4%
2017
25.8%
2018
-10.2%
2019
18.3%
2020
6.4%
2021
4.4%
2022
-6.0%
2023
6.1%
2024
4.6%
2025
20.5%
2026
16.2%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20266.95.5-8.75.71.2-3.06.62.5-0.416.2
20253.6-1.4-1.84.65.53.61.23.90.0-0.7-1.62.320.5
2024-3.50.51.3-1.23.40.31.64.77.4-6.32.8-5.74.6
20238.6-6.50.50.2-6.04.24.3-5.9-3.1-4.56.99.06.1
2022-5.62.86.9-5.9-0.4-8.33.8-1.7-10.60.514.60.4-6.0
20210.72.91.04.22.1-1.6-1.50.7-3.63.2-6.33.34.4
2020-1.7-7.7-20.311.7-0.48.02.55.8-6.0-0.614.75.36.4
20197.23.80.91.7-2.86.3-0.7-5.81.33.00.22.518.3
20183.8-3.3-4.23.10.3-1.61.9-1.8-0.7-8.72.9-1.9-10.2
20175.73.12.60.5-1.02.04.30.3-0.91.41.73.725.8
2016-8.8-0.211.72.0-2.20.86.9-1.52.7-2.1-0.1-0.67.4
2015-2.6-3.8-1.2-11.8-3.77.1-1.12.1-16.5
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 2 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.13% /anno
Declared TER
0.12%
YearFundIndexDifference
2025+20.51%+20.62%-0.11%
2024+4.63%+4.59%+0.04%
2023+6.13%+6.44%-0.31%
2022-5.99%-5.94%-0.05%
2021+4.40%+4.68%-0.28%
2020+6.40%+6.55%-0.15%
2019+18.31%+18.36%-0.05%
2018-10.24%-10.30%+0.06%
2017+25.76%+25.88%-0.12%
2016+7.40%+7.85%-0.45%
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 yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)12.52%14.62%14.99%15.82%16.64%
Max drawdown-7.23%-23.69%-23.69%-37.64%-37.64%
Sharpe0.880.460.120.220.12
Sortino1.260.620.160.290.16
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
90
Top-10 weight
48.0%

Top 10 holdings

BHP GROUP LTD · BHP AT
10.44%
COMMONWEALTH BANK OF AUSTRALIA · CBA AT
8.19%
DBS GROUP HOLDINGS LTD · DBS SP
5.35%
AIA GROUP LTD · 1299 HK
4.31%
NATIONAL AUSTRALIA BANK LTD · NAB AT
3.69%
WESTPAC BANKING CORP · WBC AT
3.61%
OVERSEA-CHINESE BANKING CORP · OCBC SP
3.46%
ANZ GROUP HOLDINGS LTD · ANZ AT
3.46%
MACQUARIE GROUP · MQG AT
2.77%
WESFARMERS LIMITED · WES AT
2.69%

Sectors

Financials
45.2%
Materials
17.0%
Industrials
9.1%
Real Estate
6.4%
Consumer Discretionary
6.4%
Health Care
4.0%
Utilities
3.3%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 63.3%AustriaAzerbaijanBurundiBelgiumBeninBurkina 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 Zealand: 1.8%OmanPakistanPanamaPeruPhilippinesPapua 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
Australia63.3%
Singapore17.7%
Hong Kong17.3%
New Zealand1.8%
Download the full portfolio — Excel, 91 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 →

Dividends

Frequency
Annual
Latest dividend
3.72 USD
ex 9 Dec 2025 · paid ~12 Dec 2025
Dividends, last 12 months
3.72 USD
Dividend yield
2.88%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year3.72 USD3.24 %
20253.72 USD3.90 %
20245.44 USD5.66 %
20233.80 USD4.03 %
20224.17 USD3.97 %
20213.93 USD3.77 %

Dividend contribution to total return

-20%-10%0%10%20%30%+15.57 %1 year+20.44 %2025+4.89 %2024+5.78 %2023−6.13 %2022+4.48 %2021
dividendsprice changeprice decline

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20253.72
20245.44
20233.80
20222.102.07
20212.051.88
20201.701.11
20192.341.63
20182.151.73
20171.851.58
20161.451.45
20150.251.57

Latest dividends

Per shareEx-dividend datePayment
3.72 USD9 Dec 202512 Dec 2025 · estimated
5.44 USD10 Dec 202413 Dec 2024 · estimated
3.80 USD12 Dec 202315 Dec 2023 · estimated
2.07 USD7 Dec 20229 Dec 2022 · estimated
2.10 USD6 Jul 20228 Jul 2022 · estimated
1.88 USD8 Dec 202110 Dec 2021 · estimated
2.05 USD7 Jul 20219 Jul 2021 · estimated
1.11 USD9 Dec 202011 Dec 2020 · estimated
Per-share dividends as declared by the issuer, in USD, since the first payment (8 Jul 2015). 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.

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 DüsseldorfLGQK7 Sept 2017
Börse FrankfurtLGQK3 Jul 2020
Börse HamburgLGQK1 Aug 2016
Börse HannoverLGQK9 Dec 2024
Börse München / gettexLGQK3 Jul 2020
Börse StuttgartLGQK8 Jul 2020
Tradegate ExchangeLGQK3 Jul 2020
Xetra (Deutsche Börse)LGQK27 Aug 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 MSCI Pacific Ex Japan UCITS ETF Dist track?
The issuer Amundi declares the benchmark: MSCI Pacific ex Japan Net Return USD Index.
How much does PAXJ cost?
The issuer-declared TER is 0.12% per year; the transaction costs estimated in the KID are 0.07%.
How is PAXJ 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 PAXJ?
The fund size declared by Amundi is about 352 million euro.
When was PAXJ launched?
The fund was launched on 29 April 2015: it has 11 years of history.
How does PAXJ replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does PAXJ pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does PAXJ trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (LGQK), Börse Frankfurt (LGQK), Börse Hamburg (LGQK), Börse Hannover (LGQK), Börse München / gettex (LGQK), Börse Stuttgart (LGQK).
What was PAXJ's worst fall?
Over the available history (since 2015), the maximum drawdown was -40.86%, reached in March 2020. Past performance is not indicative of future results.
What is PAXJ's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.13% per year versus its index (from issuer-declared series).
How many securities does PAXJ hold?
The declared portfolio holds 90 securities; the top 10 positions weigh 48%.
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.