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Amundi S&P Eurozone Climate Paris Aligned UCITS ETF DistIndex, costs, backtest, listings and taxation

ISIN: LU2932780914Ticker: EPAZ (Xetra)Issuer: AmundiClass: UCITS ETF Dist
Issuer-declared data
Declared index
S&P Eurozone LargeMidCap PAB ESG Index (EUR) NTR
TER
0.14%
Transaction costs
0.08% (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
466.1 mln EUR
NAV
27.51 EUR (1 September 2026)
Domicile
Luxembourg
Inception date
20 November 2024
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 S&P Eurozone Climate Paris Aligned UCITS ETF Dist tracks the issuer-declared index: S&P Eurozone LargeMidCap PAB ESG Index (EUR) NTR. The declared annual cost (TER) is 0.14%, plus 0.08% 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 466 million euro, was launched on 20 November 2024 and is domiciled in Luxembourg. In our registry 1 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 of the Fund is to track both the upward and the downward evolution of the S&P Eurozone LargeMidCap PAB ESG Index (EUR) NTR (the "Benchmark Index") denominated in Euro, 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. The Benchmark Index is representative of the performance of eligible equity securities from the S&P Eurozone LargeMidCap Index (the "Parent Index") selected and weighted to be collectively compatible with a 1.5°C global warming scenario. The weighting strategy aims to minimize through optimization the difference in constituent weights to the Parent Index while simultaneously delivering a broad range of climate objectives covering transition risk (for instance a minimum self-decarbonization rate of greenhouse gas emissions intensity equating to at least 7% on average per annum), climate change opportunities (through substantially higher green-to-brown revenue share) and physical risk (through a reduced exposure to physical risks from climate change using Trucost's Physical Risk dataset as defined in the methodology of the Benchmark Index). The Benchmark Index aims to meet and maintain the criteria set out by the European Union's Technical Expert Group on Climate Benchmark's ESG Disclosures, to qualify as an EU Paris-Aligned Benchmark ("EU PAB"). For further information on the exclusions applied by the Benchmark Index pursuant to the EU Paris-aligned Benchmarks, please refer to the "Guidelines on funds’ names using ESG or sustainability-related terms" section of the Prospectus. The Fund follows an extra-financial approach significantly engaging that permits the reduction of overall greenhouse gas emissions intensity compared to the Parent Index by at least 50%. For further information in relation to the general and specific environmental, social and governance (ESG) objectives targeted by the Fund, please refer to the Transparency Code of the Fund available on https://www.amundietf.com/. Limits of the methodology of the Benchmark Index are described in the prospectus of the Fund through risk factors, such as the EU PAB label withdrawal or risk related to the carbon data used in the methodology of the Benchmark Index. The analysis of companies' current and future greenhouse gas emission is partly based on declarative data, models and estimates. In the current state of the available data, all greenhouse gas emission data are not available, and some are model based (in particular those related to scope 3 which includes all greenhouse gas emissions that are not directly related to manufacturing of a product).The methodology of the Benchmark Index does not prevent to incorporate highly greenhouse gas emitting companies' securities. S&P's website (https://www.spglobal.com/spdji/en/) contains more detailed information about the S&P indexes. The Benchmark Index is a net total return index. A net total return index calculates the performance of the Benchmark Index constituents on the basis that any dividends or distributions are included in the Benchmark Index returns after withholding tax retention.

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 technique is published on Amundi's website: www.amundietf.com. Updated composition of the 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 Fund, and might also be mentioned on the websites of the 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 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 0.14%: below the median of equity ETFs we track (0.22%).
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 Dec 2024 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+37.1%
Annualised
+19.6%
Volatility (ann.)
16.3%
Max drawdown
-15.95%
-7%+6%+19%+32%+44%Dec 2024May 2025Oct 2025Mar 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+37%Dec 2024Sept 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%20252026−15.95% · 09 Apr 2025
Max drawdown
-15.95%
peak → trough
Trough
09 Apr 2025
from the 26 Feb 2025 peak
Recovery time
34 days
recovery only: trough to break-even
Underwater
76 days
decline + recovery: peak to break-even · ≈ 2 months · → recovered on 13 May 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
26 Feb 202509 Apr 2025-15.95%13 May 202576
25 Feb 202627 Mar 2026-11.06%25 May 202689
21 May 202519 Jun 2025-5.09%15 Aug 202586
12 Nov 202518 Nov 2025-4.16%11 Dec 202529
22 Aug 202502 Sept 2025-3.81%29 Sept 202538

Calendar-year returns

2024
0.7%
2025
21.5%
2026
12.0%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.83.2-9.86.45.04.1-0.12.1-0.412.0
20257.64.0-4.50.75.5-1.20.90.03.31.00.62.221.5
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 — 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.
Declared TER
0.14%
YearFundIndexDifference
2025+21.54%+21.19%+0.35%
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 yearFull history
Volatility (ann.)15.67%16.32%
Max drawdown-11.06%-15.95%
Sharpe0.930.95
Sortino1.441.39
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. 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
106
Top-10 weight
40.5%

Top 10 holdings

ASML HOLDING NV · ASML NA
7.57%
SAP SE / XETRA · SAP GY
5.17%
SCHNEIDER ELECT SE · SU FP
4.62%
INTESA SANPAOLO · ISP IM
3.90%
BNP PARIBAS · BNP FP
3.66%
DEUTSCHE TELEKOM NAMEN (XETRA) · DTE GY
3.18%
SANOFI - PARIS · SAN FP
3.18%
BANCO SANTANDER SA MADRID · SAN SM
3.15%
DEUTSCHE BANK AG NAMEN · DBK GY
3.02%
DEUTSCHE BOERSE AG · DB1 GY
3.01%

Sectors

Financials
34.7%
Information Technology
16.9%
Industrials
15.3%
Consumer Discretionary
10.2%
Health Care
7.7%
Consumer Staples
5.8%
Communication Services
4.2%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustria: 1.5%AzerbaijanBurundiBelgium: 3.5%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 23.3%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 11.4%EstoniaEthiopiaFinland: 4.6%FijiFalkland IslandsFrance: 26%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 1.6%IranIraqIcelandIsraelItaly: 12%JamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 0.1%LatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 15.3%NorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 0.6%ParaguayQatarRomaniaRussiaRwandaWestern 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
France26%
Germany23.3%
Netherlands15.3%
Italy12%
Spain11.4%
Finland4.6%
Belgium3.5%
Download the full portfolio — Excel, 107 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
0.51 EUR
ex 9 Dec 2025 · paid ~12 Dec 2025
Dividends since first payment (9 months)
0.51 EUR
less than 12 months of history: not a full year, not comparable

Yield by year

PeriodDividendsDividend yield
1 year0.51 EUR2.15 %
20250.51 EUR2.45 %

Dividend contribution to total return

0%10%20%30%+19.23 %1 year+21.51 %2025
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20250.51

Latest dividends

Per shareEx-dividend datePayment
0.51 EUR9 Dec 202512 Dec 2025 · estimated
Per-share dividends as declared by the issuer, in EUR, since the first payment (9 Dec 2025). 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
PABEZ · Amundi
0.20%Acc.2.8 mld 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 →

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfEPAZ19 Dec 2024
Börse FrankfurtEPAZ19 Dec 2024
Börse HamburgEPAZ2 Sept 2025
Börse HannoverEPAZ18 Mar 2025
Börse München / gettexEPAZ19 Dec 2024
Börse StuttgartEPAZ24 Jan 2025
Tradegate ExchangeEPAZ2 Jan 2025
Xetra (Deutsche Börse)EPAZ19 Dec 2024
+ 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 S&P Eurozone Climate Paris Aligned UCITS ETF Dist track?
The issuer Amundi declares the benchmark: S&P Eurozone LargeMidCap PAB ESG Index (EUR) NTR.
How much does EPAZ cost?
The issuer-declared TER is 0.14% per year; the transaction costs estimated in the KID are 0.08%.
How is EPAZ 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 EPAZ?
The fund size declared by Amundi is about 466 million euro.
When was EPAZ launched?
The fund was launched on 20 November 2024: it has 1 year of history.
How does EPAZ replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does EPAZ pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does EPAZ trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (EPAZ), Börse Frankfurt (EPAZ), Börse Hamburg (EPAZ), Börse Hannover (EPAZ), Börse München / gettex (EPAZ), Börse Stuttgart (EPAZ).
What was EPAZ's worst fall?
Over the available history (since 2024), the maximum drawdown was -15.95%, reached in April 2025. Past performance is not indicative of future results.
How many securities does EPAZ hold?
The declared portfolio holds 106 securities; the top 10 positions weigh 40.5%.
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.