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Amundi Smart Overnight Return UCITS ETF DistIndex, costs, backtest, listings and taxation

ISIN: LU2082999306Ticker: EGV2 (Xetra) · SMOR (SIX)Issuer: AmundiClass: UCITS ETF Dist
Issuer-declared data
Declared index
TER
0.10%
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
512.3 mln EUR
NAV
101.8 EUR (1 September 2026)
Domicile
Luxembourg
Inception date
7 March 2025
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 Smart Overnight Return UCITS ETF Dist tracks the issuer-declared index: ESTR Compounded Index. The declared annual cost (TER) is 0.10%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication (swap based); income is distributed to investors. The fund has assets of about 512 million euro, was launched on 7 March 2025 and is domiciled in Luxembourg. In our registry 3 other ETFs declare the same index.

The fund’s objective — in the issuer’s words

This Sub-Fund is passively managed. The investment objective of the Sub-Fund is to reflect the performance of the euro short-term rate (“€STR”) compounded rate (the “Benchmark Index”) and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Benchmark Index. The anticipated level of the tracking error, under normal market conditions is indicated in the prospectus of the Sub-Fund. The euro short-term rate (€STR) reflects the wholesale euro unsecured overnight borrowing costs of banks located in the Euro area. The €STR is published on each Business Day based on transactions conducted and settled on the previous Business Day (the reporting date “T”) with a maturity date of T+1 which are deemed to have been executed at arm’s length and thus reflect market rates in an unbiased way. The daily compounded €STR is calculated and published by the European Central Bank (ECB). The ECB reviews the €STR methodology and publishes a report every year. Updated composition of the Sub-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 Sub-Fund, and might also be mentioned on the websites of the stock exchanges where the Sub-Fund is listed. The Sub-Fund will apply an Indirect Replication methodology to get exposition to the Benchmark Index. The Sub-Fund will invest into an investment portofolio, consisting of transferable securities or units or shares of UCITS, financial derivative instruments (in particular total return swap, currency forwards and currency swaps transactions strictly designed to hedge currency risks, interest rate swaps transactions aiming at reducing interest rate risks). The Sub-Fund may receive collateral from credit institutions to reduce part or all of the counterparty risks, or derivatives traded with such credit institutions. More information about the investment portfolio or the investment strategy of the Sub-Fund is detailed in the Prospectus of the Sub-Fund.

Keep reading the KID section ▾

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 preserve some or all of the capital invested 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: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.

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) · EUR · from Sept 2020 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+14.9%
Annualised
+2.3%
Volatility (ann.)
1.2%
Max drawdown
-0.84%
-4%+2%+7%+13%+18%Sept 2020Mar 2022Sept 2023Mar 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%)+15%Sept 2020Sept 2026
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%-1%-2%-3%-4%202120222023202420252026−0.84% · 27 Jul 2022
Max drawdown
-0.84%
peak → trough
Trough
27 Jul 2022
from the 17 Sept 2020 peak
Recovery time
236 days
recovery only: trough to break-even · ≈ 8 months
Underwater
914 days
decline + recovery: peak to break-even · ≈ 2 years and 6 months · → recovered on 20 Mar 2023

Calendar-year returns

2020
-0.1%
2021
-0.5%
2022
0.1%
2023
3.3%
2024
4.0%
2025
5.7%
2026
1.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.20.20.20.20.20.20.20.20.11.7
20250.30.20.20.20.20.20.20.20.20.20.23.25.7
20240.30.30.40.30.40.30.30.30.30.30.30.34.0
20230.20.20.20.20.30.30.30.30.30.30.30.33.3
2022-0.0-0.0-0.0-0.0-0.0-0.0-0.00.00.00.10.10.10.1
2021-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.5
2020-0.0-0.0-0.0-0.1
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.

Rejoined series: the issuer’s historical data contains a technical reset of the unit value to base 100 (9 December 2025), not retroactively adjusted; we rejoined the earlier history to make it comparable. Returns and risk are computed on the rejoined series.

Tracking difference — issuer-declared

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 4 of the last 5 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.20% /anno
Declared TER
0.10%
YearFundIndexDifference
2025+2.64%+2.24%+0.41%
2024+3.99%+3.79%+0.20%
2023+3.29%+3.29%+0.00%
2022+0.13%+0.01%+0.12%
2021-0.46%-0.49%+0.03%
Figures declared by the issuer on the fund page (net fund and index returns per calendar year, as of 19 August 2026), not computed by us. Partial years excluded. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)0.09%2.62%2.03%1.85%
Max drawdown0.00%-3.78%-3.78%-3.78%
Sharpe2.14-0.80-0.72-0.70
Sortino6.33-0.80-0.72-0.70
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, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
522
Top-10 weight
36.8%

Top 10 holdings

APPLE INC · AAPL UW
5.58%
AMAZON.COM INC · AMZN UW
5.15%
MICRON TECHNOLOGY INC · MU UW
4.96%
NVIDIA CORP · NVDA UW
4.39%
MICROSOFT CORP · MSFT UW
4.34%
ELI LILLY & CO · LLY UN
3.38%
TESLA INC · TSLA UW
2.27%
BROADCOM INC · AVGO UW
2.24%
ADVANCED MICRO DEVICES · AMD UW
2.23%
META PLATFORMS INC-CLASS A · META UW
2.21%
Download the full portfolio — Excel, 523 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 →

Dividends

Frequency
Annual
Latest dividend
2.97 EUR
ex 9 Dec 2025 · paid ~12 Dec 2025
Dividends, last 12 months
2.97 EUR
Dividend yield
2.92%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year2.97 EUR2.99 %
20252.97 EUR3.04 %
20243.84 EUR3.93 %
20232.44 EUR2.52 %
20220.00 EUR0.00 %
20210.00 EUR0.00 %

Dividend contribution to total return

-10%0%10%+5.41 %1 year+5.68 %2025+3.98 %2024+3.28 %2023+0.13 %2022−0.46 %2021
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20252.97
20243.84
20232.44

Latest dividends

Per shareEx-dividend datePayment
2.97 EUR9 Dec 202512 Dec 2025 · estimated
3.8355 EUR10 Dec 202413 Dec 2024 · estimated
2.4372 EUR12 Dec 202315 Dec 2023 · estimated
Per-share dividends as declared by the issuer, in EUR, since the first payment (12 Dec 2023). 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. The 2 distributions before 9 Dec 2025 are restated in today’s units (÷1), like the re-joined NAV series: the issuer redenominated its units and publishes earlier amounts in the units of the time.

Index tracked

ESTR Compounded Index
This fund belongs to the money market ETFs family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
VCASH · Vanguard · 2 classesactive
0.07%Dist. · Acc.448 mln EUR
SMART · Amundi
0.10%Acc.7.2 mld EUR
CMMF · Amundiactivenot on Borsa Italiana
0.10%Acc.359 mln EUR
4 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:

LU2082999306EGV2
  • Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
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 DüsseldorfEGV218 Sept 2020
Börse FrankfurtEGV218 Sept 2020
Börse HamburgEGV218 Sept 2020
Börse HannoverEGV29 Dec 2024
Börse München / gettexEGV218 Sept 2020
Börse StuttgartEGV217 Nov 2020
Tradegate ExchangeEGV218 Sept 2020
Xetra (Deutsche Börse)EGV218 Sept 2020
+ 20 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 Smart Overnight Return UCITS ETF Dist track?
The issuer Amundi declares the benchmark: ESTR Compounded Index.
How much does EGV2 cost?
The issuer-declared TER is 0.10% per year; the transaction costs estimated in the KID are 0.00%.
How is EGV2 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 EGV2?
The fund size declared by Amundi is about 512 million euro.
When was EGV2 launched?
The fund was launched on 7 March 2025: it has 1 year of history.
How does EGV2 replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).
Does EGV2 pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does EGV2 trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (EGV2), Börse Frankfurt (EGV2), Börse Hamburg (EGV2), Börse Hannover (EGV2), Börse München / gettex (EGV2), Börse Stuttgart (EGV2).
What was EGV2's worst fall?
Over the available history (since 2020), the maximum drawdown was -3.78%, reached in December 2024. Past performance is not indicative of future results.
How many securities does EGV2 hold?
The declared portfolio holds 522 securities; the top 10 positions weigh 36.8%.
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.