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Amundi DAX II UCITS ETF DistIndex, costs, backtest, listings and taxation

ISIN: LU2090062436Ticker: LDAX (Xetra) · DAXD (SIX)Issuer: AmundiClass: UCITS ETF Dist
Issuer-declared data
Declared index
DAX INDEX
TER
0.15%
Transaction costs
0.01% (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
82.4 mln EUR
NAV
95.09 EUR (1 September 2026)
Domicile
Luxembourg
Inception date
2 July 2020
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 DAX II UCITS ETF Dist tracks the issuer-declared index: DAX INDEX. The declared annual cost (TER) is 0.15%, plus 0.01% 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 82 million euro, was launched on 2 July 2020 and is domiciled in Luxembourg. In our registry 2 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 is to track both the upward and downward evolution of the DAX Index ("Benchmark Index"), representative of the largest and most actively traded German companies that are listed on the Frankfurt Stock Exchange while minimising 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.deutsche-boerse.com.

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, and may also engage in secured securities lending. The potential use of these techniques is published on Lyxor's website: www.lyxoretf.com. Updated composition of the Fund holdings is available on www.lyxoretf.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. The Fund is eligible to the French Equity Saving Scheme (PEA), and as consequence, a minimum of 75% of the Fund assets are invested in diversified equities issued in the European Union.

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 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.

Quick reads

  • TER 0.15%: below the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: -0.65% p.a., against a declared TER of 0.15%.
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) · EUR · from Jul 2020 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+99.5%
Annualised
+11.8%
Volatility (ann.)
17.1%
Max drawdown
-26.80%
-11%+19%+49%+80%+110%Jul 2020Jan 2022Aug 2023Feb 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%)+100%Jul 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%-5%-10%-15%-20%-25%-30%2020202120222023202420252026−26.80% · 29 Sept 2022
Max drawdown
-26.80%
peak → trough
Trough
29 Sept 2022
from the 05 Jan 2022 peak
Recovery time
302 days
recovery only: trough to break-even · ≈ 10 months
Underwater
569 days
decline + recovery: peak to break-even · ≈ 1 year and 7 months · → recovered on 28 Jul 2023

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
05 Jan 202229 Sept 2022-26.80%28 Jul 2023569
06 Mar 202509 Apr 2025-16.02%09 May 202564
16 Sept 202030 Oct 2020-12.85%24 Nov 202069
13 Jan 202627 Mar 2026-12.34%02 Jul 2026170
28 Jul 202327 Oct 2023-10.86%05 Dec 2023130

Calendar-year returns

2020
8.7%
2021
15.3%
2022
-12.9%
2023
19.6%
2024
18.2%
2025
22.4%
2026
5.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.23.0-10.37.03.1-0.52.52.4-1.05.7
20259.13.7-1.71.56.4-0.40.6-0.7-0.10.3-0.52.722.4
20240.94.54.6-3.12.9-1.41.52.12.2-1.32.91.418.2
20238.61.51.71.8-2.03.11.9-3.1-3.5-3.89.53.319.6
2022-2.6-6.6-0.3-2.31.7-11.25.5-4.8-5.69.48.6-3.4-12.9
2021-2.12.68.90.71.70.70.11.9-3.62.8-3.85.215.3
20205.1-1.4-9.515.03.28.7
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 0 of the last 5 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.65% /anno
Declared TER
0.15%
YearFundIndexDifference
2025+22.41%+23.01%-0.60%
2024+18.20%+18.85%-0.65%
2023+19.62%+20.31%-0.69%
2022-12.91%-12.35%-0.57%
2021+15.26%+15.79%-0.53%
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.)15.80%15.39%17.11%17.15%
Max drawdown-12.34%-16.02%-28.84%-28.84%
Sharpe0.340.760.380.46
Sortino0.491.090.530.66
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
42
Top-10 weight
64.8%

Top 10 holdings

SIEMENS AG-REG · SIE GY
11.50%
SAP SE / XETRA · SAP GY
10.51%
ALLIANZ SE-REG · ALV GY
9.69%
AIRBUS SE-BERLIN · AIR GY
6.51%
SIEMENS ENERGY AG · ENR GY
6.47%
DEUTSCHE TELEKOM NAMEN (XETRA) · DTE GY
5.54%
INFINEON TECHNOLOGIES AG · IFX GY
4.09%
MUENCHENER RUECKVER AG-REG · MUV2 GY
3.76%
DEUTSCHE BANK AG NAMEN · DBK GY
3.72%
DEUTSCHE BOERSE AG · DB1 GY
2.98%

Sectors

Industrials
34.1%
Financials
22.1%
Information Technology
14.6%
Health Care
6.5%
Consumer Discretionary
6.2%
Communication Services
5.9%
Materials
4.5%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 100%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth 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
Germany100%
⬇ Download the full portfolio — Excel, 43 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
1.76 EUR
ex 9 Dec 2025 · paid ~12 Dec 2025
Dividends, last 12 months
1.76 EUR
Dividend yield
1.85%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year1.76 EUR1.97 %
20251.76 EUR2.35 %
20241.73 EUR2.66 %
20231.77 EUR3.17 %
20221.85 EUR2.79 %
20211.81 EUR3.06 %

Dividend contribution to total return

-20%-10%0%10%20%30%+8.56 %1 year+22.38 %2025+18.25 %2024+19.63 %2023−13.13 %2022+15.23 %2021
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20251.76
20241.73
20231.77
20221.460.39
20211.81
20201.310.23

Latest dividends

Per shareEx-dividend datePayment
1.76 EUR9 Dec 202512 Dec 2025 · estimated
1.73 EUR10 Dec 202413 Dec 2024 · estimated
1.77 EUR12 Dec 202315 Dec 2023 · estimated
0.39 EUR7 Dec 20229 Dec 2022 · estimated
1.46 EUR6 Jul 20228 Jul 2022 · estimated
1.81 EUR7 Jul 20219 Jul 2021 · estimated
0.23 EUR9 Dec 202011 Dec 2020 · estimated
1.31 EUR8 Jul 202010 Jul 2020 · estimated
Per-share dividends as declared by the issuer, in EUR, since the first payment (8 Jul 2020). 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.

ETFs declaring the same index

FundTERIncomeFund size
DAXX · Amundi
0.15%Acc.1.3 mld EUR
C001 · Amundi · 2 classesnot on Borsa Italiana
0.08%Dist. · Acc.1.5 mld 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 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:

LU2090062436LDAX
  • 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 DüsseldorfLDAX3 Jul 2020
Börse FrankfurtLDAX3 Jul 2020
Börse HamburgLDAX7 Jul 2020
Börse HannoverLDAX9 Dec 2024
Börse München / gettexLDAX3 Jul 2020
Börse StuttgartLDAX8 Jul 2020
Tradegate ExchangeLDAX3 Jul 2020
Xetra (Deutsche Börse)LDAX15 Jul 2020
+ 15 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 DAX II UCITS ETF Dist track?
The issuer Amundi declares the benchmark: DAX INDEX.
How much does LDAX cost?
The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.01%.
How is LDAX 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 LDAX?
The fund size declared by Amundi is about 82 million euro.
When was LDAX launched?
The fund was launched on 2 July 2020: it has 6 years of history.
How does LDAX replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does LDAX pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does LDAX trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (LDAX), Börse Frankfurt (LDAX), Börse Hamburg (LDAX), Börse Hannover (LDAX), Börse München / gettex (LDAX), Börse Stuttgart (LDAX).
What was LDAX's worst fall?
Over the available history (since 2020), the maximum drawdown was -28.84%, reached in September 2022. Past performance is not indicative of future results.
What is LDAX's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.65% per year versus its index (from issuer-declared series).
How many securities does LDAX hold?
The declared portfolio holds 42 securities; the top 10 positions weigh 64.8%.
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.