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Amundi Global Aggregate Green Bond UCITS ETF CHF Hedged AccIndex, costs, backtest, listings and taxation

ISIN: LU1563455713Ticker: KLMFIssuer: AmundiClass: UCITS ETF CHF Hedged Acc Currency hedging: CHF-hedged share class
Issuer-declared data
Declared index
Solactive Green Bond EUR USD IG Index
TER
0.30%
Transaction costs
0.30% (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
52.8 mln EUR
NAV
7.83 CHF (31 August 2026)
Domicile
Luxembourg
Inception date
3 September 2021
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 Global Aggregate Green Bond UCITS ETF CHF Hedged Acc tracks the issuer-declared index: Solactive Green Bond EUR USD IG Index. Mind the share class: this is the version hedged to CHF — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.30%, plus 0.30% 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 53 million euro, was launched on 3 September 2021 and is domiciled in Luxembourg. In our registry 1 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 the Fund is to track both the upward and the downward evolution of the Solactive Green Bond EUR USD IG Index (the "Benchmark Index") denominated in EUR, in order to offer an exposure to the Green Bonds market, while minimizing 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 representative of the performance of Green Bonds issued by investment grade entities and labelled in Euros and US Dollars. Green bonds are issued in order to fund projects that have positive environmental outcomes. To be eligible in the Benchmark Index, Green Bonds shall meet the criteria defined by the Climate Bonds Initiative, through a four-step process that includes: identification of environmentally themed bonds, reviewing eligible bond structures, evaluating the use of proceeds and screening eligible green projects or assets for adherence with the Climate Bonds Taxonomy. More information can be found on the website: http://www.climatebonds.net/ and https://www.climatebonds.net/standard/taxonomy. The Index follows an extrafinancial approach significantly engaging that contributes to the energy and ecological transition by investing at least 90% of the net asset value of the Fund in Green Bonds comprising the Index. Limits of the methodology of the Index are described in the prospectus of the Fund through risk factors, such as the market risk linked to controversies. The ESG score of companies is calculated by an ESG rating agency, using raw data, 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. Assessment of sustainability risks is complex and may be based on ESG data which is difficult to obtain, incomplete, estimated, out of date and/or otherwise materially inaccurate. Even when identified, there can be no guarantee that these data will be correctly assessed. Solactive's website (https://www.solactive.com/) contains more detailed information about the Solactive indexes. The Benchmark Index is a total return index. A total return index calculates the performance of the index constituents on the basis that any coupons or distributions are included in the index returns.

Keep reading the KID section ▾

The Fund seeks to achieve its objective via a direct replication, by investing primarily in the securities comprising the Benchmark Index. To optimize the Benchmark Index replication, the Fund may use a sampling replication strategy, and may also engaged in securities lending transactions. The potential use of these techniques is published on Amundi's website: www.amundietf.com. 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. In order to hedge the currency of the share against the currency of the index, the Fund uses a hedging strategy which reduces the impact of changes between the currency of the Index and the currency of the share class.

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 MULTI UNITS LUXEMBOURG 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 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 0.30%: above the median of bond ETFs we track (0.15%).
  • Average tracking difference over the last 3 years: -0.29% p.a., against a declared TER of 0.30%.
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) · CHF · from Sept 2021 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-21.9%
Annualised
-4.8%
Volatility (ann.)
5.5%
Max drawdown
-24.06%
-26%-19%-12%-4%+3%Sept 2021Dec 2022Mar 2024Jun 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%)-22%Sept 2021Sept 2026
Note — currency risk: the fund is denominated (or hedged) in CHF and the chart is in CHF. For a euro investor, returns also depend on the EUR/CHF exchange rate, up or down.
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.
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%-25%-30%202120222023202420252026−24.06% · 19 Oct 2023
Max drawdown
-24.06%
peak → trough
Trough
19 Oct 2023
from the 09 Sept 2021 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
1,825 days
decline + recovery: peak to break-even · ≈ 4 years and 12 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
09 Sept 202119 Oct 2023-24.06%ongoing1,825
03 Sept 202107 Sept 2021-0.34%09 Sept 20216

Calendar-year returns

2021
-1.9%
2022
-20.2%
2023
4.5%
2024
-0.8%
2025
-1.1%
2026
-2.8%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.51.1-2.90.40.80.2-1.8-0.7-0.3-2.8
2025-0.10.7-1.91.2-0.1-0.1-0.1-0.40.20.6-0.3-0.8-1.1
2024-0.7-1.41.0-1.80.00.11.80.41.0-1.31.8-1.6-0.8
20232.2-2.51.60.2-0.2-0.50.1-0.2-2.4-0.33.13.54.5
2022-1.8-2.6-2.6-4.3-1.6-3.14.5-5.1-4.7-0.53.1-3.1-20.2
2021-0.51.1-1.1-1.9
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. Tracking difference was positive in 0 of the last 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.29% /anno
Declared TER
0.30%
YearFundIndexDifference
2025-1.07%-0.82%-0.25%
2024-0.75%-0.45%-0.31%
2023+4.54%+4.86%-0.32%
2022-20.24%-19.82%-0.42%
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 years
Volatility (ann.)5.07%6.79%8.52%
Max drawdown-7.70%-9.46%-19.18%
Sharpe-1.31-0.36-0.49
Sortino-1.81-0.50-0.70
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.

Duration and maturities

Duration · modified duration
6.31years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Source: factsheet Amundi, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
AAA
31.83%
AA
9.32%
A
26.93%
BBB
31.90%

Source: factsheet Amundi, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Securities in portfolio
1,131
Top-10 weight
12.4%

Top 10 holdings

FRANCE OAT 1.75% 25Jun39 · AL9974240
2.13%
EUROPEAN UNIO 2.75% 04Feb33 · ZN3784784
1.37%
EUROPEAN UNIO 0.4% 04Feb37 · BR8983933
1.18%
FRENCH REPUBL OAT 0.5% 25Jun44 · BO6060129
1.17%
REPUBLIC OF I BTPS 4% 30Apr35 · BY8794178
1.16%
EUROPEAN UNIO 3.25% 04Feb50 · ZD8269577
1.16%
REPUBLIC OF I BTPS 4.05% 30Oct37 · YX0762808
1.10%
REPUBLIC OF I BTPS 4% 30Oct31 · ZK0285476
1.06%
FRENCH REPUBL OAT 3% 25Jun49 · ZF3497335
1.05%
FEDERAL REPUB BRD 2.3% 15Feb33 · ZK3512736
1.02%

Sectors

Government
50.8%
Financials
25.0%
Utilities
15.6%
Consumer Discretionary
3.8%
Materials
1.7%
Communications
1.1%
Industrials
0.8%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 0.2%Austria: 2.1%AzerbaijanBurundiBelgium: 2.5%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 0.6%SwitzerlandChile: 0.6%China: 0.1%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 20.1%DjiboutiDenmark: 1.5%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 4.6%EstoniaEthiopiaFinland: 1.7%FijiFalkland IslandsFrance: 14.7%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 0.3%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungary: 0.4%Indonesia: 0.3%India: 0.2%Ireland: 2.5%IranIraqIceland: 0.2%Israel: 0.2%Italy: 7.5%JamaicaJordanJapan: 1%KazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 0.9%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 2%LatviaMoroccoMoldovaMadagascarMexico: 0.1%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 10.5%Norway: 2.2%NepalNew Zealand: 0.1%OmanPakistanPanamaPeruPhilippines: 0.1%Papua New GuineaPoland: 0.5%Puerto RicoNorth KoreaPortugal: 0.1%ParaguayQatar: 0.1%Romania: 0.2%RussiaRwandaWestern SaharaSaudi Arabia: 0.3%SudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 1.5%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 4.9%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Germany20.1%
France14.7%
Supranationals11%
Netherlands10.5%
Italy7.5%
United States4.9%
Spain4.6%
Download the full portfolio — Excel, 1,132 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
CLIM · Amundi · 4 classes
0.25%Acc. · Dist.240 mln 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
21.42%
White-list share
33.90%
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

ExchangeTicker
SIX Swiss Exchange
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 Global Aggregate Green Bond UCITS ETF CHF Hedged Acc track?
The issuer Amundi declares the benchmark: Solactive Green Bond EUR USD IG Index.
How much does KLMF cost?
The issuer-declared TER is 0.30% per year; the transaction costs estimated in the KID are 0.30%.
How is KLMF taxed in Italy?
On sale, the capital gain is taxed at an effective 21.42% rate (white-list share 33.90%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of KLMF?
The fund size declared by Amundi is about 53 million euro.
When was KLMF launched?
The fund was launched on 3 September 2021: it has 5 years of history.
How does KLMF replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does KLMF pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
What was KLMF's worst fall?
Over the available history (since 2021), the maximum drawdown was -24.06%, reached in October 2023. Past performance is not indicative of future results.
What is KLMF's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.29% per year versus its index (from issuer-declared series).
How many securities does KLMF hold?
The declared portfolio holds 1,131 securities; the top 10 positions weigh 12.4%.
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.