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Amundi USD Corporate Bond ESG UCITS ETF Hedged EUR DistIndex, costs, backtest, listings and taxation

ISIN: LU2297533809Ticker: UCRHIssuer: AmundiClass: UCITS ETF Hedged EUR Dist
Issuer-declared data
Declared index
Bloomberg MSCI ESG US Corporate Select Index
TER
0.18%
Transaction costs
0.03% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
332.9 mln EUR
NAV
38.37 EUR (31 August 2026)
Domicile
Luxembourg
Inception date
3 March 2021
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 USD Corporate Bond ESG UCITS ETF Hedged EUR Dist tracks the issuer-declared index: Bloomberg MSCI ESG US Corporate Select Index. Mind the share class: this is the version hedged to EUR — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.18%, plus 0.03% 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 333 million euro, was launched on 3 March 2021 and is domiciled in Luxembourg. In our registry 1 other ETFs declare the same index.

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

This Sub-Fund is passively managed. The objective of this Sub-Fund is to track the performance of Bloomberg MSCI ESG US Corporate Select Index (the "Index"), and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index. The anticipated level of the tracking error, under normal market conditions, is indicated in the prospectus of the Sub-Fund. The Index is a Total Return Index : the coupons paid by the index constituents are included in the index return. The Sub-Fund promotes environmental and/or social characteristics through among others, replicating an Index integrating an environmental, social and governance ("ESG") rating. Bloomberg MSCI US Corporate ESG Sustainability SRI Index is a bond index representative of the corporate fixed-rate, investment grade, USD denominated securities that follows the rules of the Bloomberg US Aggregate Corporate Index (the "Parent Index") and applies sector and additional ESG criteria for security eligibility. The Index methodology is constructed using a "Best-in-class approach": best ranked companies are selected to construct the Index. "Best-in-class" is an approach where leading or bestperforming investments are selected within a universe, industry sector or class. It excludes companies falling behind on an ESG level, particularly on the basis of ESG ratings. Using such Best-in-class approach, the Index follows an extra-financial approach significantly engaging that permits the reduction by at least 20% of the initial investment universe (expressed in number of issuers). The ESG key issues include for instance, but are not limited to, water stress, carbon emissions, labor management or business ethics. The limits of the approach adopted are described in the Sub-Fund's prospectus through risk factors such as Sustainable investment risk. The ESG score of companies is calculated by an ESG rating agency, using raw data, models and estimates collected/calculated using methods specific to each provider. Due to the lack of standardisation and the uniqueness of each methodology, the information provided may be incomplete. Assessment of sustainability risks is complex and may be based on ESG data which is difficult to obtain, incomplete, estimated, out of date and/or otherwise materially inaccurate. Even when identified, there can be no guarantee that these data will be correctly assessed. The Index applies exclusions to companies involved in activities considered non-aligned with the Paris Climate Agreement (coal extraction, oil, etc.). or further information on the exclusions applied by the Index pursuant to the EU Paris-aligned Benchmarks (PAB), please refer to the "Guidelines on funds’ names using ESG or sustainability-related terms" section of the Prospectus. More information about the composition of the index and its operating rules are available in the prospectus and at: Bloomberg The Index value is available via Bloomberg (I35571US). The exposure to the Index will be achieved through a Direct Replication, mainly by making direct investments in transferable securities and/or other eligible assets representing the Index constituents in a proportion extremely close to their proportion in the index. The Sub-Fund intends to implement a sampled replication model in order to track the performance of the Index and it is therefore not expected that the Sub-Fund will hold each and every underlying component of the Index at all times or hold them in the same proportion as their weightings in the Index. The Sub-Fund may also hold some securities which are not underlying components of the Index. The Investment Manager will be able to use derivatives in order to deal with inflows and outflows and also if it allows a better exposition to an Index constituent. In order to generate additional income to offset its costs, the Sub-Fund may also enter into securities lending operations. In order to hedge the currency of the share against the currency of the index, the Fund uses a hedging strategy which reduces the impact of changes between the currency of the Index and the currency of the share class.

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 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 Amundi Index Solutions 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 0.18%: above the median of bond ETFs we track (0.15%).
  • Average tracking difference over the last 3 years: -0.18% p.a., against a declared TER of 0.18%.
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 Mar 2021 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-8.5%
Annualised
-1.6%
Volatility (ann.)
6.2%
Max drawdown
-23.18%
-23%-16%-8%-1%+7%Mar 2021Jul 2022Nov 2023Apr 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%)-8%Mar 2021Sept 2026
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.
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%202120222023202420252026−23.18% · 21 Oct 2022
Max drawdown
-23.18%
peak → trough
Trough
21 Oct 2022
from the 02 Aug 2021 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
1,862 days
decline + recovery: peak to break-even · ≈ 5 years and 1 month · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
02 Aug 202121 Oct 2022-23.18%ongoing1,862
03 Mar 202118 Mar 2021-1.84%15 Apr 202143
15 Apr 202112 May 2021-1.06%25 May 202140
08 Jul 202113 Jul 2021-0.77%19 Jul 202111
18 Jun 202125 Jun 2021-0.68%02 Jul 202114

Calendar-year returns

2021
1.5%
2022
-17.4%
2023
5.4%
2024
0.1%
2025
5.3%
2026
-1.8%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-0.01.0-2.10.30.50.0-1.60.2-0.2-1.8
20250.51.8-0.4-0.1-0.21.5-0.10.81.10.10.5-0.35.3
2024-0.3-1.61.1-2.71.70.52.11.41.6-2.61.2-2.00.1
20233.4-3.42.50.5-1.60.20.1-0.9-2.9-1.95.64.05.4
2022-3.4-2.0-2.6-5.50.9-2.92.9-3.2-5.4-1.24.7-0.7-17.4
20210.90.61.41.2-0.4-1.10.0-0.0-0.21.5
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 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.18% /anno
Declared TER
0.18%
YearFundIndexDifference
2025+5.33%+5.42%-0.09%
2024+0.10%+0.30%-0.19%
2023+5.44%+5.71%-0.27%
2022-17.35%-17.32%-0.03%
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.)5.49%6.48%7.20%6.98%
Max drawdown-6.64%-8.90%-26.94%-27.01%
Sharpe-1.43-0.61-1.10-0.97
Sortino-1.58-0.74-1.36-1.20
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.

Duration and maturities

Duration · modified duration
5.89years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
Short term
7.61%
2 years
22.59%
5 years
22.04%
7 years
15.08%
10 years
10.66%
15 years
5.24%
20 years
9.54%
30 years
7.23%

Source: factsheet Amundi, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
AAA
0.54%
AA
5.53%
A
53.37%
BBB
40.13%
Other
0.43%

Source: factsheet Amundi, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Securities in portfolio
4,345
Top-10 weight
1.3%

Top 10 holdings

AMAZON.COM IN 4.875% Mar36 · DG5179503
0.15%
BANK OF AMER VAR Dec28 · AS3773692
0.14%
GOLDMAN SACHS 6.75% Oct37 · EG8763831
0.13%
AMAZON.COM IN 5.3% Jul36 · DM9269760
0.12%
AMGEN INC 5.25% Mar33 · ZL1040738
0.12%
PFIZER INVSTM 4.75% May33 · ZK6870388
0.12%
AMAZON.COM IN 4.8% Jul31 · DM9270057
0.12%
PFIZER INVSTM 5.3% May53 · ZK6870404
0.12%
ABBVIE INC 3.2% Nov29 · BM0475350
0.12%
WELLS FARGO C VAR Apr51 · BH2539774
0.12%

Sectors

Financials
47.0%
Health Care
14.2%
Technology
9.3%
Consumer Discretionary
8.2%
Communications
7.9%
Industrials
4.4%
Consumer Staples
4.1%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1%AustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 0.1%BruneiBhutanBotswanaCentral African RepublicCanada: 2.9%Switzerland: 0.3%ChileChina: 0.3%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 0.6%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 0.9%EstoniaEthiopiaFinlandFijiFalkland IslandsFrance: 0.1%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.6%IranIraqIcelandIsrael: 0.1%ItalyJamaicaJordanJapan: 3%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 0.1%LatviaMoroccoMoldovaMadagascarMexico: 0.2%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 0.7%NorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwan: 0.1%United Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 83.8%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States83.8%
United Kingdom5%
Japan3%
Canada2.9%
Australia1%
Spain0.9%
Netherlands0.7%
Download the full portfolio — Excel, 4,347 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
1.61 EUR
ex 9 Dec 2025 · paid ~12 Dec 2025
Dividends, last 12 months
1.61 EUR
Dividend yield
4.20%
12-month sum over the NAV as of 7 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year1.61 EUR3.98 %
20251.61 EUR4.17 %
20241.58 EUR3.94 %
20231.57 EUR3.97 %
20221.61 EUR3.23 %

Dividend contribution to total return

-30%-20%-10%0%10%−1.40 %1 year+5.31 %2025+0.19 %2024+5.33 %2023−17.48 %2022
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20251.61
20241.58
20231.57
20221.61
20210.86

Latest dividends

Per shareEx-dividend datePayment
1.61 EUR9 Dec 202512 Dec 2025 · estimated
1.58 EUR10 Dec 202413 Dec 2024 · estimated
1.57 EUR12 Dec 202315 Dec 2023 · estimated
1.61 EUR8 Nov 202210 Nov 2022 · estimated
0.86 EUR16 Nov 202118 Nov 2021 · estimated
Per-share dividends as declared by the issuer, in EUR, since the first payment (16 Nov 2021). 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
UCRP · Amundi
0.14%Acc.499 mln 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:

LU2297533809
  • 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 DüsseldorfUCRH31 Mar 2021
Börse FrankfurtUCRH26 Mar 2021
Börse HamburgUCRH15 Jun 2021
Börse HannoverUCRH9 Dec 2024
Börse München / gettexUCRH26 Mar 2021
Börse StuttgartUCRH19 Apr 2021
Tradegate ExchangeUCRH3 Feb 2023
Xetra (Deutsche Börse)UCRH26 Mar 2021
+ 8 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 USD Corporate Bond ESG UCITS ETF Hedged EUR Dist track?
The issuer Amundi declares the benchmark: Bloomberg MSCI ESG US Corporate Select Index.
How much does UCRH cost?
The issuer-declared TER is 0.18% per year; the transaction costs estimated in the KID are 0.03%.
How is UCRH 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 UCRH?
The fund size declared by Amundi is about 333 million euro.
When was UCRH launched?
The fund was launched on 3 March 2021: it has 5 years of history.
How does UCRH replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does UCRH pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does UCRH trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (UCRH), Börse Frankfurt (UCRH), Börse Hamburg (UCRH), Börse Hannover (UCRH), Börse München / gettex (UCRH), Börse Stuttgart (UCRH).
What was UCRH's worst fall?
Over the available history (since 2021), the maximum drawdown was -27.01%, reached in October 2023. Past performance is not indicative of future results.
What is UCRH's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.18% per year versus its index (from issuer-declared series).
How many securities does UCRH hold?
The declared portfolio holds 4,345 securities; the top 10 positions weigh 1.3%.
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.