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September 2026 update

Amundi MSCI USA Minimum Volatility Factor UCITS ETF Acc · LU1589349734 · MIVU
Rebalix monthly basket snapshots compared: 31 July 20261 September 2026 (issuer-declared dates; each section states its own)
In brief: 12 holdings added and 8 removed from the basket · 2 weight changes beyond ±0.25 points · NAV change over the period +3.3% (ongoing) · costs and key facts unchanged.

The largest sector move is Nuove tecnologie, down 31.9 percentage points, while Consumer Discretionary rises 25.4 percentage points. Top-ten concentration increased by 44.3 percentage points. 12 holdings entered the basket and 8 left.

Declared positions
33
165 → 33 · Δ −132
as of 1 Sept
Top-10 weight
59.4%
15.1 → 59.4% · Δ +44.3 p.p.
concentration
NAV change over the period
+3.3%
in USD · 31 Jul → 1 Sept
ongoing period
Assets at month end
40 mln $
+0.0% in the month

Synthetic replication: the recorded list is the substitute basket, not the index exposure.

Basket

Source: basket file published by the issuer, as of 19 Aug and 1 Sept, compared holding by holding by Rebalix (cash excluded, lines of the same holding merged).

Holdings added (12)

MICROSOFT CORP8.83%
ADVANCED MICRO DEVICES4.39%
JOHNSON & JOHNSON3.77%
MADRIGAL PHARMACEUTICALS INC3.10%
MURPHY USA INC1.98%
CROWN CASTLE INTL CORP1.69%
COMFORT SYSTEMS USA INC1.66%
UNITED THERAPEUTICS CORP1.41%
and 4 more, each ≤ 0.71%

Holdings removed (8)

ELI LILLY & CO4.97%
UNION PACIFIC CORP4.40%
NVIDIA CORP4.21%
TJX COMPANIES INC4.13%
CARNIVAL CORP LTD3.35%
ALPHABET INC CL A3.32%
RALPH LAUREN2.08%
MOSAIC CO/THE1.48%

Holdings compared (excluding cash instruments, lines of the same holding merged): 28 → 32, issuer files of 19 Aug and 1 Sept.

Weight changes beyond ±0.25 points (2)

LOWE S COS INC COM US 0.50
8.98.1% · 0.80 p.p.
SMURFIT WESTROCK PLC USD
7.06.6% · 0.46 p.p.

Top 10 holdings — before and after

Source: basket file published by the issuer, as of 31 Jul and 1 Sept; snapshots archived by Rebalix on 10 Aug and 3 Sept.

Weight of each holding in the basket at the two snapshots. Together the top 10 weigh 15.1% → 59.4% (Δ +44.3 p.p.). Union of the two top-10 lists: 20 holdings, because 10 entered and 10 left the top 10.

MICROSOFT CORP — enters the top 10
8.8%
STARBUCKS CORP — enters the top 10
8.8%
LOWE S COS INC COM US 0.50 — enters the top 10
8.1%
SMURFIT WESTROCK PLC USD — enters the top 10
6.6%
PAYLOCITY HOLDING CORP — enters the top 10
5.2%
GILEAD SCIENCES INC — enters the top 10
4.5%
ADVANCED MICRO DEVICES — enters the top 10
4.4%
RAYMOND JAMES FINANCIAL — enters the top 10
4.4%
ABBVIE INC — enters the top 10
4.3%
PROCTER & GAMBLE CO/THE — enters the top 10
4.3%
WELLTOWER INC — leaves the top 10
1.6% →
MICROSOFT CORP — leaves the top 10
1.6% →
AMPHENOL CORP CL-A — leaves the top 10
1.6% →
CHUBB LTD — leaves the top 10
1.5% →
JOHNSON & JOHNSON — leaves the top 10
1.5% →
VERTEX PHARMACEUTIC — leaves the top 10
1.5% →
BERKSHIRE HATHAWAY INC-CL B — leaves the top 10
1.5% →
DUKE ENERGY — leaves the top 10
1.5% →
SOUTHERN CO/THE — leaves the top 10
1.4% →
CISCO SYSTEMS INC — leaves the top 10
1.4% →
31 Jul1 Septorange line = up, grey = down; “→” with no value = out of the top 20
See the numbers as a table
Holding31 Jul1 Sept
MICROSOFT CORP — enters the top 10 (enters top 10)8.8%
STARBUCKS CORP — enters the top 10 (enters top 10)8.8%
LOWE S COS INC COM US 0.50 — enters the top 10 (enters top 10)8.1%
SMURFIT WESTROCK PLC USD — enters the top 10 (enters top 10)6.6%
PAYLOCITY HOLDING CORP — enters the top 10 (enters top 10)5.2%
GILEAD SCIENCES INC — enters the top 10 (enters top 10)4.5%
ADVANCED MICRO DEVICES — enters the top 10 (enters top 10)4.4%
RAYMOND JAMES FINANCIAL — enters the top 10 (enters top 10)4.4%
ABBVIE INC — enters the top 10 (enters top 10)4.3%
PROCTER & GAMBLE CO/THE — enters the top 10 (enters top 10)4.3%
WELLTOWER INC — leaves the top 10 (leaves top 10)1.6%
MICROSOFT CORP — leaves the top 10 (leaves top 10)1.6%
AMPHENOL CORP CL-A — leaves the top 10 (leaves top 10)1.6%
CHUBB LTD — leaves the top 10 (leaves top 10)1.5%
JOHNSON & JOHNSON — leaves the top 10 (leaves top 10)1.5%
VERTEX PHARMACEUTIC — leaves the top 10 (leaves top 10)1.5%
BERKSHIRE HATHAWAY INC-CL B — leaves the top 10 (leaves top 10)1.5%
DUKE ENERGY — leaves the top 10 (leaves top 10)1.5%
SOUTHERN CO/THE — leaves the top 10 (leaves top 10)1.4%
CISCO SYSTEMS INC — leaves the top 10 (leaves top 10)1.4%

Sectors and countries

Source: aggregate breakdowns declared by the issuer in the two snapshots (31 Jul and 1 Sept).

Sectors — where the weight moved

Nuove tecnologie
31.90.0% · 31.89 p.p.
Consumer Discretionary
0.025.4% · +25.40 p.p.
Health Care
0.021.1% · +21.06 p.p.
Farmaceutico
13.50.0% · 13.51 p.p.
Information Technology
0.013.4% · +13.40 p.p.
Finanziari
12.70.0% · 12.74 p.p.

Bars scaled to the change: orange = up, grey = down. Basket percentages at the two snapshots.

NAV over the period

Source: daily NAV series published by the issuer.

NAV over the period (USD)

114.4116.4116.8
31 Jul1 Sept

113.07 → 116.79: +3.3% from 31 Jul to 1 Sept, the last NAV available at each snapshot date.

Costs and key facts

Source: issuer KID (costs as of 2 Sept); Rebalix events register.

TER
0.18%
unchanged
Transaction costs (KID)
0.00%
unchanged
Index, name, policy
unchanged
Issuer-declared basket snapshots, compared by Rebalix. Each section states its own dates: the basket comparison uses the issuer file dates; top 10, composition and breakdowns the dates of the two archived snapshots; maturities, ratings and duration the monthly registry snapshots. Weight changes are shown above ±0.25 points (the archive records them from ±0.1). We record the past: nothing on this page is a recommendation.