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Amundi Gold Miners UCITS ETF DistIndex, costs, backtest, listings and taxation

ISIN: LU2611731824Ticker: CD91 (Xetra) · GLDU (Euronext AMS) · GLDM (Euronext Paris) · CBGOLD (SIX)Issuer: AmundiClass: UCITS ETF Dist

Global Equity tracking the Solactive Developed Markets Pure Gold Miners Index NTR, physical replication, distributing. Share class in US dollars (USD).

0.65% + 0.01%
TER + KID transaction costs ✓ declared by the issuer
32
rows published by the issuer · holdings ↓ ✓ declared by the issuer
727 m €
share-class assets ✓ declared by the issuer
Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name
Amundi Gold Miners UCITS ETF Dist
Management
Passive (index-tracking) (from the KID)
Replication
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Sector (from holdings)
Materials — 100% of the declared portfolio (30 September 2026)
Theme
Miners (gold, silver, copper) · Infrastructure & resources
Domicile
Luxembourg

Share class · this page

ISIN
LU2611731824 · UCITS ETF Dist
Ticker
CD91 (Xetra) · GLDU (Euronext AMS) · GLDM (Euronext Paris) · CBGOLD (SIX)
Share-class currency
US dollars (USD)
TER
0.65%
Transaction costs
0.01% (issuer estimate, from the KID)
Income policy
Share-class assets
727.3 mln EUR
NAV
71.84 USD (15 October 2026)
Share-class launch
7 December 2023
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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Quick reads

  • TER 0.65%above the median of equity ETFs we track (0.23%).≈ computed by Rebalix
  • Materials 100%first sector from the declared portfolio✓ declared by the issuer
  • 32 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
  • Top 10 = 76.7%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 Gold Miners UCITS ETF Dist tracks the issuer-declared index: Solactive Developed Markets Pure Gold Miners Index NTR. The declared annual cost (TER) is 0.65%, 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 727 million euro, was launched on 7 December 2023 and is domiciled in Luxembourg.

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

This Sub-Fund is passively managed. The Solactive Developed Markets Pure Gold Miners Index is an equity index which represents global gold mining equities. Eligible companies must be classified as Developed Markets under the Solactive Global Benchmark Series or as Emerging Market companies listed via ADRs.

Keep reading the KID section ▾

Additionally, the company’s index category must be Gold Mining. The Index is a Net Total Return index. A net total return index calculated the performance of the index constituents on the basis that any dividends or distributions are reinvested net of any withholding tax applicable. More information about the composition of the Index and its operating rules are available in the prospectus and at: www.solactive.com The Index value is available via Bloomberg (SODPGMN). 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 Investment Manager will be able to use derivatives in order to deal with inflows and outflows and which relate to the Index or constituents of the Index for investment and/or efficient portfolio management. In order to generate additional income to offset its costs, the Sub-Fund may also enter into securities lending operations.

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 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 · 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.

  1. Share-class launch
    7 December 2023
    declared by the issuer
  2. Basket snapshots
    3 monthly
    since July 2026
  3. 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 sectionChartBacktestTracking difference

Fund performance

issuer-declared net asset value (NAV) · USD (loading exchange rates) · from Nov 2023 to Oct 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+206.4%
Annualised
+47.6%
Volatility (ann.)
40.3%
Max drawdown
-39.31%
-20%+65%+150%+235%+320%Nov 2023Aug 2024May 2025Jan 2026Oct 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+206.4%
29 Nov 2023 → 15 Oct 20262 years and 11 months · +206.4%
29 Nov 202315 Oct 2026Nov 2023Oct 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD 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%-10%-20%-30%-40%-50%202420252026−39.31% · 20 Jul 2026
Max drawdown
-39.31%
peak → trough
Trough
20 Jul 2026
from the 27 Feb 2026 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
230 days
decline + recovery: peak to break-even · ≈ 8 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
27 Feb 202620 Jul 2026-39.31%ongoing230
22 Oct 202430 Dec 2024-22.72%18 Mar 2025147
27 Dec 202328 Feb 2024-20.83%02 Apr 202497
16 Oct 202504 Nov 2025-19.62%11 Dec 202556
28 Jan 202605 Feb 2026-17.69%24 Feb 202627

Calendar-year returns

2023
0.8%
partial, from 29 Nov
2024
13.8%
2025
155.0%
2026
4.7%
2023, partial: the available series starts on 29 November 2023; the return runs from that date to 29 December 2023 and is not comparable with a full year.

Month-by-month returns

2026Year 4.7%
Jan
11.3
Feb
25.3
Mar
-20.4
Apr
-3.6
May
0.5
Jun
-15.8
Jul
-1.9
Aug
34.3
Sept
-10.7
Oct
-1.6
Nov
·
Dec
·
2025Year 155.0%
Jan
13.4
Feb
0.0
Mar
15.5
Apr
9.0
May
1.5
Jun
5.0
Jul
1.4
Aug
21.4
Sept
18.6
Oct
-5.0
Nov
16.7
Dec
3.5
2024Year 13.8%
Jan
-10.2
Feb
-6.6
Mar
21.3
Apr
4.5
May
8.1
Jun
-4.0
Jul
13.8
Aug
2.7
Sept
2.1
Oct
0.5
Nov
-6.2
Dec
-8.5
2023Year 0.8%(partial)
Jan
·
Feb
·
Mar
·
Apr
·
May
·
Jun
·
Jul
·
Aug
·
Sept
·
Oct
·
Nov
·
Dec
0.9
JanFebMarAprMayJunJulAugSeptOctNovDecYear
202611.325.3-20.4-3.60.5-15.8-1.934.3-10.7-1.64.7
202513.40.015.59.01.55.01.421.418.6-5.016.73.5155.0
2024-10.2-6.621.34.58.1-4.013.82.72.10.5-6.2-8.513.8
20230.90.8(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

Switch on: issuer-declared series with distributions reinvested — the total return, comparable with accumulating classes. Switch off: NAV without reinvestment, which drops at every distribution.
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.
Declared TER
0.65%
YearFundIndexDifference (pt)
2025+155.04%+156.73%-1.69 pt
2024+13.79%+14.57%-0.78 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. What is tracking difference? →
RiskIn this sectionRisk

Risk indicators· EUR

Last year
Volatility (ann.)47.21%
Max drawdown-37.76%
Sharpe0.43
Sortino0.59
Full history
Volatility (ann.)39.16%
Max drawdown-37.76%
Sharpe1.09
Sortino1.55
Last yearFull history
Volatility (ann.)47.21%39.16%
Max drawdown-37.76%-37.76%
Sharpe0.431.09
Sortino0.591.55
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. The max drawdown is identical across windows because the deepest fall is recent (peak 2 Mar 2026 → trough 20 Jul 2026): one episode dominates every look-back period. 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 — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.
PortfolioIn this sectionHoldingsDividends

Portfolio holdings

Rows in the published list
32
Top-10 weight
76.7%

Top 10 holdings

AGNICO EAGLE MINES-CAD · AEM CT
15.82%
NEWMONT CORP USD · NEM UN
15.45%
ANGLOGOLD ASHANTI PLC NYSE · AU UN
12.60%
BARRICK MINING CORP · ABX CT
11.85%
KINROSS GOLD CORPORATION · K CT
5.46%
NORTHERN STAR RESOURCES LTD · NST AT
4.12%
COEUR MINING INC · CDE UN
3.19%
ENDEAVOUR MINING PLC · EDV LN
3.06%
PAN AMERICAN SILVER · PAAS CT
2.60%
ALAMOS GOLD INC NEW CL A · AGI CT
2.58%

Sectors

Materials
100.0%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 11.5%AustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 52.2%SwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican 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 America: 18.7%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Countries
Canada52.2%
United States18.7%
United Kingdom16.6%
Australia11.5%
Hong Kong SAR China1%
⬇ Download the published holdings — Excel, 32 rows
Holdings as published by Amundi, holdings as at 30 September 2026: 32 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%. How Rebalix verifies portfolio holdings →

Dividends

Frequency
Annual
Latest dividend
0.11 USD
ex 9 Dec 2025 · paid ~12 Dec 2025
Dividends, last 12 months
0.11 USD
Dividend yield
0.15%
12-month sum over the NAV as of 16 Oct 2026

Yield by year

PeriodDividendsDividend yield
1 year0.11 USD0.16 %
20250.11 USD0.41 %
20240.09 USD0.38 %

Dividend contribution to total return

0%10%20%30%40%50%60%70%80%90%100%110%120%130%140%150%160%+8.43 %1 year+155.02 %2025+13.83 %2024
dividendsprice changeprice decline

Calendar per share (USD)

2025Year 0.11 USD
Jan
·
Feb
·
Mar
·
Apr
·
May
·
Jun
·
Jul
·
Aug
·
Sep
·
Oct
·
Nov
·
Dec
0.11
2024Year 0.09 USD
Jan
·
Feb
·
Mar
·
Apr
·
May
·
Jun
·
Jul
·
Aug
·
Sep
·
Oct
·
Nov
·
Dec
0.09
YearJanFebMarAprMayJunJulAugSepOctNovDec
20250.11
20240.09

Latest dividends

0.11 USD per share
Ex-dividend date9 Dec 2025
Payment12 Dec 2025 · estimated
0.09 USD per share
Ex-dividend date10 Dec 2024
Payment13 Dec 2024 · estimated
Per shareEx-dividend datePayment
0.11 USD9 Dec 202512 Dec 2025 · estimated
0.09 USD10 Dec 202413 Dec 2024 · estimated
Per-share dividends as declared by the issuer, in USD, since the first payment (10 Dec 2024). 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.
StructureIn this sectionIndexExchanges

Index tracked

Solactive Developed Markets Pure Gold Miners Index NTR
This fund belongs to the gold (ETCs and miners) family: compare all census ETFs in this family →

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:

LU2611731824CD91
  • BG Saxozero within the savings plan (buys)
  • 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 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
ExchangeTickerExchange sourceRegistered since
Euronext AmsterdamGLDUfrom tax documentESMA register (FIRDS)17 Nov 2025
Euronext ParisGLDMfrom tax documentESMA register (FIRDS)8 Dec 2023
SIX Swiss ExchangeCBGOLDfrom tax documentissuer’s tax document (exchange outside the FIRDS perimeter)—
Xetra (Deutsche Börse)CD91from tax documentESMA register (FIRDS)8 Dec 2023
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.
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 · 8 · show
ExchangeTickerExchange sourceRegistered since
Börse Düsseldorfnot availableESMA register (FIRDS)8 Dec 2023
Börse Frankfurtnot availableESMA register (FIRDS)8 Dec 2023
Börse Hamburgnot availableESMA register (FIRDS)13 Dec 2023
Börse Hannovernot availableESMA register (FIRDS)9 Dec 2024
Börse München / gettexnot availableESMA register (FIRDS)8 Dec 2023
Börse Stuttgartnot availableESMA register (FIRDS)13 Dec 2023
Tradegate Exchangenot availableESMA register (FIRDS)8 Dec 2023
Wiener Börsenot availableESMA register (FIRDS)18 Dec 2023
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. For Börse Düsseldorf the ESMA register records the listing on 2 segments of the same operator, shown as a single row. For Börse Frankfurt the ESMA register records the listing on 2 segments of the same operator, shown as a single row. For Börse Hamburg the ESMA register records the listing on 3 segments of the same operator, shown as a single row. For Börse Hannover the ESMA register records the listing on 2 segments of the same operator, shown as a single row. For Börse München / gettex the ESMA register records the listing on 2 segments of the same operator, shown as a single row. For Börse Stuttgart the ESMA register records the listing on 3 segments of the same operator, shown as a single row.
+ 6 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 sectionDocumentsFAQ

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.

Frequently asked questions

Which index does Amundi Gold Miners UCITS ETF Dist track?
The issuer Amundi declares the benchmark: Solactive Developed Markets Pure Gold Miners Index NTR.
How much does CD91 cost?
The issuer-declared TER is 0.65% per year; the transaction costs estimated in the KID are 0.01%.
How is CD91 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 CD91?
The fund size declared by Amundi is about 727 million euro.
When was CD91 launched?
The fund was launched on 7 December 2023: it has 2 years of history.
How does CD91 replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does CD91 pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does CD91 trade?
Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 4 exchanges with a ticker available, including Euronext Amsterdam (GLDU), Euronext Paris (GLDM), SIX Swiss Exchange (CBGOLD), Xetra (Deutsche Börse) (CD91).
What was CD91's worst fall?
Over the available history (since 2023), the maximum drawdown was -39.31%, reached in July 2026. Past performance is not indicative of future results.
How many positions does CD91 publish?
The list published by the issuer and archived by Rebalix has 32 rows; the top 10 weigh 76.7%. 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