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Amundi MSCI All Country World UCITS ETF USD AccIndex, costs, backtest, listings and taxation

ISIN: LU1829220133Ticker: LYAC (Xetra) · ACWU (London SE) · ACWU (SIX)Issuer: AmundiClass: UCITS ETF USD Acc
Issuer-declared data
TER
0.45%
Transaction costs
0.00% (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
125.9 mln EUR
NAV
497.3 USD (1 September 2026)
Domicile
Luxembourg
Inception date
8 November 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 MSCI All Country World UCITS ETF USD Acc tracks the issuer-declared index: MSCI ACWI Net Total Return USD Index. The declared annual cost (TER) is 0.45%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication (swap based); income is accumulated and reinvested in the fund. The fund has assets of about 126 million euro, was launched on 8 November 2018 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 MSCI AC World Index (ACWI) Net Total Return" (the "Benchmark Index"),denominated in US Dollars (USD), and representative of equity markets in developed and emerging market countries, 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 of the Fund. Additional information about the Benchmark Index can be found at https://www.msci.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. MSCI's website (www.msci.com) contains more detailed information about the MSCI indexes.

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 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:As this is a non-distributing share class, investment income is reinvested. the accumulation share automatically retains, and reinvests, 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 0.45%: above the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: -0.16% p.a., against a declared TER of 0.45%.
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 Oct 2012 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+330.8%
Annualised
+11.1%
Volatility (ann.)
13.8%
Max drawdown
-33.77%
-7%+82%+171%+261%+350%Oct 2012Mar 2016Sept 2019Mar 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%)+331%Oct 2012Sept 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%20122014201620182020202220242026−33.77% · 23 Mar 2020
Max drawdown
-33.77%
peak → trough
Trough
23 Mar 2020
from the 12 Feb 2020 peak
Recovery time
154 days
recovery only: trough to break-even · ≈ 5 months
Underwater
194 days
decline + recovery: peak to break-even · ≈ 6 months · → recovered on 24 Aug 2020

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
12 Feb 202023 Mar 2020-33.77%24 Aug 2020194
04 Jan 202212 Oct 2022-26.45%29 Jan 2024755
21 May 201511 Feb 2016-19.34%12 Jan 2017602
26 Jan 201824 Dec 2018-19.16%28 Oct 2019640
18 Feb 202508 Apr 2025-16.09%02 Jun 2025104

Calendar-year returns

2016
7.7%
2017
23.8%
2018
-9.6%
2019
26.3%
2020
16.0%
2021
18.3%
2022
-18.5%
2023
22.0%
2024
17.4%
2025
22.1%
2026
13.5%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20262.91.3-7.210.25.1-0.80.12.7-0.513.5
20253.3-0.6-4.00.95.74.51.32.53.62.2-0.01.022.1
20240.64.33.1-3.34.12.21.62.52.3-2.33.7-2.417.4
20237.2-2.93.11.4-1.15.83.6-2.8-4.1-3.09.24.822.0
2022-4.9-2.62.2-8.00.1-8.47.0-3.7-9.66.07.7-3.9-18.5
2021-0.52.32.74.41.51.30.72.5-4.15.1-2.44.018.3
2020-1.1-8.1-13.510.74.33.25.36.1-3.2-2.512.34.616.0
20197.92.71.23.4-6.06.50.3-2.42.12.72.43.526.3
20185.6-4.2-2.20.90.1-0.63.00.80.4-7.51.4-7.1-9.6
20172.72.81.21.52.20.42.80.41.92.11.91.623.8
2016-6.1-0.77.41.50.1-0.64.30.30.6-1.70.82.17.7
2015-1.65.6-1.62.9-0.2-2.40.8-6.9-3.67.8-0.8-1.8-2.6
2014-4.04.80.40.92.11.9-1.22.2-3.30.71.7-2.04.0
20134.6-0.01.82.8-0.2-3.04.8-2.15.24.01.41.722.8
20121.32.32.3
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 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.16% /anno
Declared TER
0.45%
YearFundIndexDifference
2025+22.13%+22.34%-0.20%
2024+17.35%+17.49%-0.13%
2023+22.04%+22.20%-0.16%
2022-18.49%-18.36%-0.13%
2021+18.35%+18.54%-0.19%
2020+16.01%+16.26%-0.25%
2019+26.34%+26.60%-0.26%
2018-9.63%-9.42%-0.21%
2017+23.79%+23.97%-0.18%
2016+7.67%+7.87%-0.20%
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 yearsLast 10 yearsFull history
Volatility (ann.)10.50%12.51%14.00%14.92%14.50%
Max drawdown-6.94%-19.96%-19.96%-33.56%-33.56%
Sharpe1.791.070.630.730.77
Sortino2.631.480.881.001.07
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
132
Top-10 weight
56.9%

Top 10 holdings

APPLE INC · AAPL UW
9.23%
NVIDIA CORP · NVDA UW
8.66%
AMAZON.COM INC · AMZN UW
8.62%
META PLATFORMS INC-CLASS A · META UW
6.89%
WALMART INC · WMT UW
4.60%
JPMORGAN CHASE & CO · JPM UN
4.29%
RTX CORP · RTX UN
4.09%
BERKSHIRE HATHAWAY INC-CL B · BRK/B UN
3.97%
TESLA INC · TSLA UW
3.60%
MICRON TECHNOLOGY INC · MU UW
2.95%
Download the full portfolio — Excel, 133 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 →

Index tracked

MSCI ACWI Net Total Return USD Index
This fund belongs to the World and global equity family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
ACWI · Amundi
0.45%Acc.2.4 mld 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
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:

LU1829220133LYAC
  • Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
  • 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

ExchangeTickerTrading since
Börse DüsseldorfLYAC20 May 2025
Börse HamburgLYAC15 Feb 2021
Börse HannoverLYAC9 Dec 2024
Börse München / gettexLYAC29 Sept 2021
Tradegate ExchangeLYAC22 Oct 2024
+ 6 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 All Country World UCITS ETF USD Acc track?
The issuer Amundi declares the benchmark: MSCI ACWI Net Total Return USD Index.
How much does ACWL cost?
The issuer-declared TER is 0.45% per year; the transaction costs estimated in the KID are 0.00%.
How is ACWL 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 ACWL?
The fund size declared by Amundi is about 126 million euro.
When was ACWL launched?
The fund was launched on 8 November 2018: it has 7 years of history.
How does ACWL replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).
Does ACWL pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does ACWL trade?
Per the official ESMA register it trades on 5 main exchanges, including Börse Düsseldorf (LYAC), Börse Hamburg (LYAC), Börse Hannover (LYAC), Börse München / gettex (LYAC), Tradegate Exchange (LYAC).
What was ACWL's worst fall?
Over the available history (since 2012), the maximum drawdown was -33.77%, reached in March 2020. Past performance is not indicative of future results.
What is ACWL'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 ACWL hold?
The declared portfolio holds 132 securities; the top 10 positions weigh 56.9%.
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.