ETF sheet · Issuer-declared data

🇮🇹 Effective capital-gains rate: 26.00%details →

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

ISIN: LU1829220216Ticker: ACWI (Borsa Italiana) · LYY0 (Xetra) · ACWI (Euronext Paris) · LACWI (SIX)Issuer: AmundiClass: UCITS ETF EUR Acc

Global Equity tracking the MSCI ACWI Net Total Return USD Index, synthetic (swap) replication, accumulating. Share class in euro (EUR).

0.45% + 0.00%

TER + KID transaction costs ✓ declared by the issuer

133

rows published by the issuer · holdings ↓ ✓ declared by the issuer

2.5 bn €

share-class assets ✓ declared by the issuer

−0.16 pt /year

average tracking difference 2023–2025 · year by year ↓ ≈ computed by Rebalix

Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name

Amundi MSCI All Country World Swap UCITS ETF EUR Acc

Declared index

MSCI ACWI Net Total Return USD Index

Management

Passive (index-tracking) (from the KID)

Replication

Synthetic (swap)

SFDR

Article 6 — does not promote specific ESG characteristics what does it mean?

Domicile

Luxembourg

Share class · this page

ISIN

LU1829220216 · UCITS ETF EUR Acc

Ticker

ACWI (Borsa Italiana) · LYY0 (Xetra) · ACWI (Euronext Paris) · LACWI (SIX)

Share-class currency

euro (EUR)

TER

0.45%

Transaction costs

0.00% (issuer estimate, from the KID)

Income policy

Accumulating

Share-class assets

2.5 bn EUR

NAV

622.23 EUR (15 October 2026)

Share-class launch

8 November 2018

Data as declared by Amundi in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.

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OverviewIn this sectionQuick reads Fund objective What changed over time Tax

Quick reads

TER 0.45%above the median of equity ETFs we track (0.23%).≈ computed by Rebalix
Assetslarger than 86% of equity ETFs we track.≈ computed by Rebalix
Average tracking difference over the last 3 years-0.16% p.a., against a declared TER of 0.45%.≈ computed by Rebalix
133 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
Top 10 = 56.9%of the fund✓ declared by the issuer
Effective rate 26.00%on capital gains for Italian tax residents: from the declared white-list share≈ computed by Rebalix

✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

Amundi MSCI All Country World Swap UCITS ETF EUR 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 2.5 billion euro, was launched on 8 November 2018 and is domiciled in Luxembourg. In our registry it is the largest by assets among the 3 ETFs declaring 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").
Keep reading the KID section ▾
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.
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 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 · KID acquired on 4 August 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

What has changed in the fund over time

Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.

Share-class launch
8 November 2018
declared by the issuer
Basket snapshots
3 monthly
since September 2026
Dated events
none so far
TER, index, name, tax: every change is an event

Open the history →

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 →

PerformanceIn this sectionChart Backtest Tracking difference

Fund performance

issuer-declared net asset value (NAV) · EUR · from Oct 2012 to Oct 2026

Adjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+392.7%

Annualised

+12.0%

Volatility (ann.)

14.2%

Max drawdown

-33.46%

03 Oct 2012 → 15 Oct 202614 years · +392.7%

Accumulating class: income is reinvested inside the fund and already reflected in the NAV; no distribution is left out of the chart.

Calculations on the NAV: issuer total-return series not available.

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.

Max drawdown

-33.46%

peak → trough

Trough

23 Mar 2020

from the 19 Feb 2020 peak

Recovery time

290 days

recovery only: trough to break-even · ≈ 10 months

Underwater

323 days

decline + recovery: peak to break-even · ≈ 11 months · → recovered on 07 Jan 2021

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
19 Feb 2020	23 Mar 2020	-33.46%	07 Jan 2021	323
15 Apr 2015	11 Feb 2016	-23.34%	09 Dec 2016	604
19 Feb 2025	08 Apr 2025	-19.75%	02 Oct 2025	225
04 Jan 2022	20 Jun 2022	-16.38%	11 Dec 2023	706
03 Oct 2018	24 Dec 2018	-15.28%	18 Mar 2019	166

Calendar-year returns

2016

10.9%

2017

8.7%

2018

-5.1%

2019

28.7%

2020

6.4%

2021

27.3%

2022

-13.2%

2023

17.9%

2024

25.2%

2025

7.7%

2026

18.2%

2012, partial: the available series starts on 3 October 2012; the return runs from that date to 31 December 2012 and is not comparable with a full year.

Month-by-month returns

2026Year 18.2%

Jan

1.6

Feb

2.0

Mar

-4.9

Apr

8.2

May

5.7

Jun

1.2

Jul

-0.6

Aug

1.7

Sept

1.1

Oct

1.3

Nov

Dec

2025Year 7.7%

Jan

2.9

Feb

-0.7

Mar

-7.5

Apr

-4.1

May

5.9

Jun

1.0

Jul

3.9

Aug

0.2

Sept

3.2

Oct

4.1

Nov

-0.6

Dec

-0.2

2024Year 25.2%

Jan

2.3

Feb

4.7

Mar

3.3

Apr

-2.3

May

2.5

Jun

3.5

Jul

0.6

Aug

0.2

Sept

1.5

Oct

0.5

Nov

6.6

Dec

-0.4

2023Year 17.9%

Jan

5.3

Feb

-0.5

Mar

0.6

Apr

-0.2

May

2.4

Jun

3.4

Jul

2.6

Aug

-1.3

Sept

-1.7

Oct

-2.9

Nov

5.8

Dec

3.5

2022Year -13.2%

Jan

-3.5

Feb

-2.8

Mar

3.1

Apr

-3.0

May

-1.4

Jun

-6.2

Jul

9.7

Aug

-2.3

Sept

-7.2

Oct

5.1

Nov

3.4

Dec

-7.3

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	1.6	2.0	-4.9	8.2	5.7	1.2	-0.6	1.7	1.1	1.3			18.2
2025	2.9	-0.7	-7.5	-4.1	5.9	1.0	3.9	0.2	3.2	4.1	-0.6	-0.2	7.7
2024	2.3	4.7	3.3	-2.3	2.5	3.5	0.6	0.2	1.5	0.5	6.6	-0.4	25.2
2023	5.3	-0.5	0.6	-0.2	2.4	3.4	2.6	-1.3	-1.7	-2.9	5.8	3.5	17.9
2022	-3.5	-2.8	3.1	-3.0	-1.4	-6.2	9.7	-2.3	-7.2	5.1	3.4	-7.3	-13.2
2021	0.2	2.4	6.0	1.9	0.3	4.1	0.7	3.0	-2.4	5.2	0.3	2.9	27.3
2020	0.2	-7.3	-13.4	10.9	2.7	2.2	-0.0	4.9	-1.3	-1.8	9.4	2.3	6.4
2019	7.5	3.4	2.7	3.6	-5.4	4.2	2.6	-1.3	3.1	0.4	3.6	1.7	28.7
2018	1.8	-2.2	-3.0	2.7	3.6	-0.6	2.8	1.3	0.6	-5.2	1.5	-8.0	-5.1
2017	0.2	4.6	0.5	-0.3	-1.0	-1.0	-0.6	-0.5	2.5	3.6	-0.4	0.9	8.7
2016	-5.7	-1.1	2.4	0.9	3.0	-0.4	3.6	0.7	-0.3	0.8	4.1	2.7	10.9
2015	5.6	6.2	2.8	-1.4	2.1	-3.9	1.7	-8.2	-3.3	9.0	3.7	-4.5	8.5
2014	-1.9	2.4	0.7	0.3	3.8	1.5	1.1	3.8	0.9	1.5	2.2	1.0	18.5
2013	1.6	3.8	3.7	0.2	1.5	-3.3	2.6	-1.4	2.4	3.6	1.3	0.5	17.4
2012											0.9	0.9	0.2(partial)

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.

Method and sources

Source: Amundi. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 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 annual TD, 2023–2025

-0.16 pt /year

Declared TER

0.45%

Year	Fund	Index	Difference (pt)
2025	+7.68%	+7.86%	-0.18 pt
2024	+25.19%	+25.33%	-0.14 pt
2023	+17.91%	+18.06%	-0.16 pt
2022	-13.15%	-13.01%	-0.14 pt
2021	+27.33%	+27.54%	-0.21 pt
2020	+6.43%	+6.65%	-0.23 pt
2019	+28.66%	+28.93%	-0.26 pt
2018	-5.07%	-4.85%	-0.22 pt
2017	+8.73%	+8.89%	-0.16 pt
2016	+10.89%	+11.09%	-0.20 pt

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. 2 years in the table precede the launch date recorded by the issuer (8 November 2018): the relationship between that history and the current share class is not yet qualified (the recorded date may mark a reorganisation, not the birth of the class). The average keeps its current window; the count of positive years considers all admitted rows. What is tracking difference? →

RiskIn this sectionRisk

Risk indicators· EUR

Last year

Volatility (ann.)10.33%

Max drawdown-6.65%

Sharpe1.63

Sortino2.44

Last 3 years

Volatility (ann.)12.10%

Max drawdown-19.75%

Sharpe1.21

Sortino1.69

Last 5 years

Volatility (ann.)13.11%

Max drawdown-19.75%

Sharpe0.69

Sortino0.95

Full history

Volatility (ann.)14.05%

Max drawdown-33.46%

Sharpe0.79

Sortino1.09

	Last year	Last 3 years	Last 5 years	Full history
Volatility (ann.)	10.33%	12.10%	13.11%	14.05%
Max drawdown	-6.65%	-19.75%	-19.75%	-33.46%
Sharpe	1.63	1.21	0.69	0.79
Sortino	2.44	1.69	0.95	1.09

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: 2.25%), 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, the fund's currency; the table follows the currency selected in the chart.

PortfolioIn this sectionHoldings

Portfolio holdings

Rows in the published list

133

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 published holdings — Excel, 133 rows

Holdings as published by Amundi, holdings as at 1 September 2026: 133 rows archived by Rebalix, summarised here. Rebalix has no statement from the issuer on the completeness of this list. Weights are reported without rescaling and may not sum to 100%. 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. How Rebalix verifies portfolio holdings →

StructureIn this sectionIndex Same index Exchanges

Index tracked

MSCI ACWI Net Total Return USD Index

Deep dive: what this index is and how it is built →

This fund belongs to the World and global equity family: compare all census ETFs in this family →

ETFs declaring the same index

Fund	TER	Income	Fund size
Amundi Core MSCI ACWI Swap UCITS ETF Acc compare ⇄ WIDE · Amundinot on Borsa Italiana	0.09%	Acc.	892,277 EUR
Amundi MSCI All Country World Swap UCITS ETF USD Acc compare ⇄ ACWL · Amundinot on Borsa Italiana	0.45%	Acc.	133 mln EUR

3 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 as follows: Milan-listed classes first, then the others; within each group by ascending TER, then by descending assets. A dash “—” = not declared by the issuer in the files we read — not a zero.

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:

LU1829220216ACWI

Directazero within the savings plan (buys)
Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
Moneyfarmzero within the savings plan (buys), agreement until 15 May 2027
Moneyfarmzero on single buys from 1,000 €, agreement until 15 May 2027
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 15 October 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

Exchanges with a ticker available· in alphabetical order

Exchange	Ticker	Exchange source	Registered since
Borsa Italiana (ETFplus)	ACWIfrom tax document	ESMA register (FIRDS)	9 Nov 2018
Börse Düsseldorf	LYY0from mapping	ESMA register (FIRDS)	30 Nov 2018
Börse Frankfurt	LYY0from mapping	ESMA register (FIRDS)	9 Nov 2018
Börse Hamburg	LYY0from mapping	ESMA register (FIRDS)	8 Nov 2018
Börse Hannover	LYY0from mapping	ESMA register (FIRDS)	9 Dec 2024
Börse München / gettex	LYY0from mapping	ESMA register (FIRDS)	12 Nov 2018
Börse Stuttgart	LYY0from mapping	ESMA register (FIRDS)	21 Nov 2018
Euronext Paris	ACWIfrom tax document	ESMA register (FIRDS)	9 Nov 2018
SIX Swiss Exchange	LACWIfrom tax document	issuer’s tax document (exchange outside the FIRDS perimeter)	—
Tradegate Exchange	LYY0from mapping	ESMA register (FIRDS)	8 Nov 2018
Xetra (Deutsche Börse)	LYY0from tax document	ESMA register (FIRDS)	9 Nov 2018

from tax document — ticker from the half-yearly document the issuer publishes for the Italian tax authority, one ticker per exchange: where the exchange trades several lines (different currencies) the others do not appear.

from mapping — ticker obtained by ISIN→exchange mapping under the open FIGI standard, not read from the exchange’s list.

Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.

Other exchanges on record · 1 · show

Exchange	Ticker	Exchange source	Registered since
Wiener Börse	not available	ESMA register (FIRDS)	24 Apr 2025

For these exchanges none of the listing sources Rebalix covers provides a ticker; the listing is known from the ESMA register (FIRDS) or declared by the issuer.

+ 10 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.

Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.

DocumentsIn this sectionDocuments FAQ

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF 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.

Frequently asked questions

Which index does Amundi MSCI All Country World Swap UCITS ETF EUR Acc track?

The issuer Amundi declares the benchmark: MSCI ACWI Net Total Return USD Index.

How much does ACWI cost?

The issuer-declared TER is 0.45% per year; the transaction costs estimated in the KID are 0.00%.

How is ACWI 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 ACWI?

The fund size declared by Amundi is about 2.5 billion euro.

When was ACWI launched?

The fund was launched on 8 November 2018: it has 7 years of history.

How does ACWI replicate its index?

It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).

Does ACWI pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).

Where does ACWI trade?

Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 11 exchanges with a ticker available, including Borsa Italiana (ETFplus) (ACWI), Börse Düsseldorf (LYY0), Börse Frankfurt (LYY0), Börse Hamburg (LYY0), Börse Hannover (LYY0), Börse München / gettex (LYY0).

What was ACWI's worst fall?

Over the available history (since 2012), the maximum drawdown was -33.46%, reached in March 2020. Past performance is not indicative of future results.

What is ACWI's tracking difference?

Over the three most recent complete calendar years (2023–2025) the fund returned on average -0.16 percentage points per year versus its index: the annual mean of the differences, from issuer-declared series.

How many positions does ACWI publish?

The list published by the issuer and archived by Rebalix has 133 rows; the top 10 weigh 56.9%. The issuer does not declare the list as complete: rows are reported as published, weights included, even where a position has zero weight.

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.

Do you represent the issuer? Report a correction or an update