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Amundi UK Equity All Cap UCITS ETF DistIndex, costs, backtest, listings and taxation

ISIN: LU1781541096Ticker: LCUK (Xetra) · LCUK (London SE) · LCUK (SIX)Issuer: AmundiClass: UCITS ETF Dist
Issuer-declared data
Declared index
Morningstar UK NR Index
TER
0.04%
Transaction costs
0.16% (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
1.1 bn EUR
NAV
15.3 GBP (1 September 2026)
Domicile
Luxembourg
Inception date
27 February 2018
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 UK Equity All Cap UCITS ETF Dist tracks the issuer-declared index: Morningstar UK NR Index. The declared annual cost (TER) is 0.04%, plus 0.16% 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 1.1 billion euro, was launched on 27 February 2018 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 of the Fund is to track both the upward and the downward evolution of the Morningstar UK NR Index (the "Benchmark Index") denominated in GBP and representative of the United Kingdom's large and mid-cap equity 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. Additional information about the Benchmark Index can be found at www.morningstar.com 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 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. The potential use of this technique is published on Amundi's website: www.amundietf.com. Updated composition of the Fund holdings is available on www.amundietf.com.

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 0.04%: below the median of equity ETFs we track (0.22%).
  • Assets larger than 75% of equity ETFs we track.
  • Average tracking difference over the last 3 years: -0.16% p.a., against a declared TER of 0.04%.
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) · GBP · from Feb 2018 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+95.4%
Annualised
+8.2%
Volatility (ann.)
15.2%
Max drawdown
-34.96%
-28%+5%+37%+70%+103%Feb 2018Apr 2020Jun 2022Jul 2024Sept 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%Feb 2018Sept 2026
Note — currency risk: the fund is denominated (or hedged) in GBP and the chart is in GBP. For a euro investor, returns also depend on the EUR/GBP 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%20182020202220242026−34.96% · 23 Mar 2020
Max drawdown
-34.96%
peak → trough
Trough
23 Mar 2020
from the 17 Jan 2020 peak
Recovery time
506 days
recovery only: trough to break-even · ≈ 1 year and 5 months
Underwater
572 days
decline + recovery: peak to break-even · ≈ 1 year and 7 months · → recovered on 11 Aug 2021

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
17 Jan 202023 Mar 2020-34.96%11 Aug 2021572
22 May 201827 Dec 2018-14.85%02 Jul 2019406
03 Mar 202509 Apr 2025-12.74%20 May 202578
08 Apr 202212 Oct 2022-11.04%04 Jan 2023271
10 Feb 202207 Mar 2022-9.32%05 Apr 202254

Calendar-year returns

2018
-5.0%
2019
18.5%
2020
-11.4%
2021
18.3%
2022
1.2%
2023
7.5%
2024
9.8%
2025
24.8%
2026
11.2%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20263.16.8-6.62.40.80.83.80.4-0.311.2
20255.71.6-2.1-0.24.00.24.11.11.73.80.52.224.8
2024-1.50.04.82.62.3-1.33.30.7-1.3-1.62.8-1.29.8
20234.51.7-3.13.6-4.91.02.5-2.52.3-4.33.04.27.5
2022-0.1-0.21.40.50.8-5.84.4-2.0-5.93.17.3-1.41.2
2021-0.82.03.94.41.20.00.72.5-1.11.7-2.04.818.3
2020-3.2-8.9-14.94.43.31.3-3.92.3-1.7-4.513.03.7-11.4
20194.32.32.92.6-2.93.61.8-3.83.0-1.62.13.118.5
2018-1.86.42.8-0.11.4-2.80.9-5.1-1.7-3.8-5.0
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.
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 1 of the last 6 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.16% /anno
Declared TER
0.04%
YearFundIndexDifference
2025+24.75%+24.84%-0.09%
2024+9.75%+9.91%-0.16%
2023+7.49%+7.73%-0.24%
2022+1.19%+1.24%-0.05%
2021+18.35%+18.40%-0.05%
2020-11.40%-11.46%+0.06%
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 yearsFull history
Volatility (ann.)12.13%12.79%13.88%16.76%
Max drawdown-7.89%-16.68%-18.29%-40.59%
Sharpe1.210.750.440.31
Sortino1.731.010.590.42
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
203
Top-10 weight
46.0%

Top 10 holdings

HSBC HOLDINGS PLC · HSBA LN
9.63%
SHELL PLC EUR · SHELL NA
6.99%
ASTRAZENECA GBP · AZN LN
6.77%
ROLLS-ROYCE HOLDINGS PLC · RR/ LN
4.42%
UNILEVER PLC LONDON · ULVR LN
3.83%
BRITISH AMERICAN TOBACCO · BATS LN
3.31%
BP PLC · BP/ LN
3.03%
RIO TINTO PLC (GBR) · RIO LN
2.96%
GSK PLC · GSK LN
2.74%
LLOYDS BANKING GROUP PLC · LLOY LN
2.36%

Sectors

Financials
26.4%
Industrials
14.4%
Consumer Staples
13.7%
Health Care
11.5%
Energy
10.5%
Materials
8.4%
Consumer Discretionary
5.1%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerland: 0.3%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 0.1%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 0.5%EstoniaEthiopiaFinlandFijiFalkland IslandsFrance: 0.1%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.4%IranIraqIcelandIsrael: 0.1%ItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua 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
United Kingdom94.1%
Jersey3.9%
Spain0.5%
Ireland0.4%
Bermuda0.3%
Switzerland0.3%
France0.1%
⬇ Download the full portfolio — Excel, 204 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
0.42 GBP
ex 9 Dec 2025 · paid ~12 Dec 2025
Dividends, last 12 months
0.42 GBP
Dividend yield
2.74%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.42 GBP3.19 %
20250.42 GBP3.69 %
20240.42 GBP3.91 %
20230.33 GBP3.20 %
20220.41 GBP3.86 %
20210.41 GBP4.40 %

Dividend contribution to total return

-10%0%10%20%30%+19.61 %1 year+24.64 %2025+9.80 %2024+7.40 %2023+1.08 %2022+18.22 %2021
dividendsprice changeprice decline

Calendar per share (GBP)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20250.42
20240.42
20230.33
20220.220.19
20210.230.18
20200.160.12
20190.230.15

Latest dividends

Per shareEx-dividend datePayment
0.42 GBP9 Dec 202512 Dec 2025 · estimated
0.42 GBP10 Dec 202413 Dec 2024 · estimated
0.33 GBP12 Dec 202315 Dec 2023 · estimated
0.19 GBP7 Dec 20229 Dec 2022 · estimated
0.22 GBP6 Jul 20228 Jul 2022 · estimated
0.18 GBP8 Dec 202110 Dec 2021 · estimated
0.23 GBP7 Jul 20219 Jul 2021 · estimated
0.12 GBP9 Dec 202011 Dec 2020 · estimated
Per-share dividends as declared by the issuer, in GBP, since the first payment (10 Jul 2019). 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 DüsseldorfLCUK3 May 2018
Börse FrankfurtLCUK21 Mar 2018
Börse HamburgLCUK11 Feb 2019
Börse HannoverLCUK9 Dec 2024
Börse München / gettexLCUK20 Feb 2019
Börse StuttgartLCUK27 Mar 2018
Tradegate ExchangeLCUK29 Jan 2020
Xetra (Deutsche Börse)LCUK21 Mar 2018
+ 13 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 UK Equity All Cap UCITS ETF Dist track?
The issuer Amundi declares the benchmark: Morningstar UK NR Index.
How much does LCUK cost?
The issuer-declared TER is 0.04% per year; the transaction costs estimated in the KID are 0.16%.
How is LCUK 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 LCUK?
The fund size declared by Amundi is about 1.1 billion euro.
When was LCUK launched?
The fund was launched on 27 February 2018: it has 8 years of history.
How does LCUK replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does LCUK pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does LCUK trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (LCUK), Börse Frankfurt (LCUK), Börse Hamburg (LCUK), Börse Hannover (LCUK), Börse München / gettex (LCUK), Börse Stuttgart (LCUK).
What was LCUK's worst fall?
Over the available history (since 2018), the maximum drawdown was -34.96%, reached in March 2020. Past performance is not indicative of future results.
What is LCUK'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 LCUK hold?
The declared portfolio holds 203 securities; the top 10 positions weigh 46%.
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.