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Amundi Core MSCI Japan UCITS ETF DistIndex, costs, backtest, listings and taxation

ISIN: LU2090063673Ticker: NADA (Xetra) · LJPN (Euronext AMS) · LJPN (SIX)Issuer: AmundiClass: UCITS ETF Dist
Issuer-declared data
Declared index
MSCI Japan Net JPY Index
TER
0.12%
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
453.9 mln EUR
NAV
16,858.87 JPY (1 September 2026)
Domicile
Luxembourg
Inception date
17 September 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 Core MSCI Japan UCITS ETF Dist tracks the issuer-declared index: MSCI Japan Net JPY Index. The declared annual cost (TER) is 0.12%, 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 454 million euro, was launched on 17 September 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 ETF UCITS passively managed. The investment objective of the Fund is to reflect both the upward and the downward evolution of MSCI Japan Net Total Return Index (net dividendsr einvested) (net dividends reinvested) (the Benchmark Index") denominated in JPY, 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.msci.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. The potential use of this techniques is published on Amundi's website: www.amundietf.com. Updated composition of the Fund holdings is available on www.amundietf.com. MSCI's website (www.msci.com) contains more detailed information about the MSCI indexes. 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 ofthe 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 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 0.12%: below the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: -0.12% p.a., against a declared TER of 0.12%.
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) · JPY · from Sept 2020 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+186.8%
Annualised
+19.3%
Volatility (ann.)
19.6%
Max drawdown
-25.13%
-6%+46%+97%+149%+200%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%)+187%Sept 2020Sept 2026
Note — currency risk: the fund is denominated (or hedged) in JPY and the chart is in JPY. For a euro investor, returns also depend on the EUR/JPY 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%-5%-10%-15%-20%-25%-30%202120222023202420252026−25.13% · 05 Aug 2024
Max drawdown
-25.13%
peak → trough
Trough
05 Aug 2024
from the 11 Jul 2024 peak
Recovery time
353 days
recovery only: trough to break-even · ≈ 12 months
Underwater
378 days
decline + recovery: peak to break-even · ≈ 1 year · → recovered on 24 Jul 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
11 Jul 202405 Aug 2024-25.13%24 Jul 2025378
14 Sept 202109 Mar 2022-16.19%28 Apr 2023591
27 Feb 202623 Mar 2026-11.51%13 May 202675
19 Sept 202304 Oct 2023-8.05%09 Jan 2024112
18 Mar 202113 May 2021-7.17%02 Sept 2021168

Calendar-year returns

2020
12.5%
2021
13.3%
2022
-4.6%
2023
28.4%
2024
20.6%
2025
24.1%
2026
22.8%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20264.99.9-10.87.56.61.8-1.03.7-0.222.8
20250.1-4.0-0.60.45.21.82.74.33.07.80.61.024.1
20248.55.54.2-1.11.11.7-1.1-2.7-2.42.3-0.84.320.6
20234.70.71.62.74.57.71.3-0.00.3-3.15.9-0.528.4
2022-5.0-1.24.8-2.70.8-2.84.01.0-6.45.72.9-5.2-4.6
20210.43.34.8-2.61.61.1-2.43.24.4-1.3-2.93.313.3
2020-2.612.23.112.5
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)
-0.12% /anno
Declared TER
0.12%
YearFundIndexDifference
2025+24.14%+24.27%-0.13%
2024+20.63%+20.74%-0.10%
2023+28.43%+28.56%-0.12%
2022-4.65%-4.49%-0.16%
2021+13.29%+13.44%-0.16%
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.)21.56%22.03%20.07%19.33%
Max drawdown-11.38%-20.24%-21.95%-21.95%
Sharpe1.230.660.370.50
Sortino1.840.940.530.71
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
168
Top-10 weight
30.0%

Top 10 holdings

MITSUBISHI UFJ FINANCIAL GROUP · 8306 JT
4.63%
TOYOTA MOTOR CORP · 7203 JT
3.61%
SUMITOMO MITSUI FINANCIAL GROUP · 8316 JT
2.99%
HITACHI LTD · 6501 JT
2.87%
TOKYO ELECTRON JPY50 · 8035 JT
2.87%
ADVANTEST CORP Y50 · 6857 JT
2.86%
SONY GROUP CORP (JT) · 6758 JT
2.76%
RECRUIT HOLDINGS CO LTD · 6098 JT
2.72%
MIZUHO FINANCIAL GROUP INC · 8411 JT
2.37%
KIOXIA HOLDINGS CORP · 285A JT
2.29%

Sectors

Industrials
24.3%
Financials
19.1%
Information Technology
18.1%
Consumer Discretionary
15.1%
Communication Services
6.7%
Health Care
5.4%
Materials
3.8%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapan: 100%KazakhstanKenyaKyrgyzstanCambodiaSouth 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
Japan100%
⬇ Download the full portfolio — Excel, 169 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
259.00 JPY
ex 9 Dec 2025 · paid ~12 Dec 2025
Dividends, last 12 months
259.00 JPY
Dividend yield
1.55%
12-month sum over the NAV as of 7 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year259.00 JPY2.09 %
2025259.00 JPY2.32 %
2024208.00 JPY2.20 %
2023166.00 JPY2.22 %
2022195.00 JPY2.42 %
2021157.00 JPY2.17 %

Dividend contribution to total return

-10%0%10%20%30%40%+36.92 %1 year+24.13 %2025+20.60 %2024+28.42 %2023−4.66 %2022+13.23 %2021
dividendsprice changeprice decline

Calendar per share (JPY)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2025259.00
2024208.00
2023166.00
2022133.0062.00
202190.0067.00
202059.00

Latest dividends

Per shareEx-dividend datePayment
259.00 JPY9 Dec 202512 Dec 2025 · estimated
208.00 JPY10 Dec 202413 Dec 2024 · estimated
166.00 JPY12 Dec 202315 Dec 2023 · estimated
62.00 JPY7 Dec 20229 Dec 2022 · estimated
133.00 JPY6 Jul 20228 Jul 2022 · estimated
67.00 JPY8 Dec 202110 Dec 2021 · estimated
90.00 JPY7 Jul 20219 Jul 2021 · estimated
59.00 JPY9 Dec 202011 Dec 2020 · estimated
Per-share dividends as declared by the issuer, in JPY, since the first payment (9 Dec 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
LCJP · Amundi · 4 classes
0.12%Dist. · Acc.5.3 mld EUR
ISRJ · Amundi · 2 classesactivenot on Borsa Italiana
0.20%Acc.7 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 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 →

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfNADA18 Sept 2020
Börse FrankfurtNADA18 Sept 2020
Börse HamburgNADA18 Sept 2020
Börse HannoverNADA9 Dec 2024
Börse München / gettexNADA18 Sept 2020
Börse StuttgartNADA10 Dec 2020
Tradegate ExchangeNADA18 Sept 2020
Xetra (Deutsche Börse)NADA18 Sept 2020
+ 18 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 Core MSCI Japan UCITS ETF Dist track?
The issuer Amundi declares the benchmark: MSCI Japan Net JPY Index.
How much does NADA cost?
The issuer-declared TER is 0.12% per year; the transaction costs estimated in the KID are 0.01%.
How is NADA 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 NADA?
The fund size declared by Amundi is about 454 million euro.
When was NADA launched?
The fund was launched on 17 September 2020: it has 5 years of history.
How does NADA replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does NADA pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does NADA trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (NADA), Börse Frankfurt (NADA), Börse Hamburg (NADA), Börse Hannover (NADA), Börse München / gettex (NADA), Börse Stuttgart (NADA).
What was NADA's worst fall?
Over the available history (since 2020), the maximum drawdown was -25.13%, reached in August 2024. Past performance is not indicative of future results.
What is NADA's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.12% per year versus its index (from issuer-declared series).
How many securities does NADA hold?
The declared portfolio holds 168 securities; the top 10 positions weigh 30%.
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.