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Amundi Core EUR High Yield Bond UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: LU2970735911Ticker: AEHY (Xetra)Issuer: AmundiClass: UCITS ETF Acc
Issuer-declared data
Declared index
iBoxx EUR Liquid High Yield Index TRI
TER
0.15%
Transaction costs
0.50% (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
74.7 mln EUR
NAV
10.38 EUR (31 August 2026)
Domicile
Luxembourg
Inception date
15 July 2025
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 EUR High Yield Bond UCITS ETF Acc tracks the issuer-declared index: iBoxx EUR Liquid High Yield Index TRI. The declared annual cost (TER) is 0.15%, plus 0.50% in transaction costs estimated by the issuer in the KID. Replication is direct physical replication; income is accumulated and reinvested in the fund. The fund has assets of about 75 million euro, was launched on 15 July 2025 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 Sub-Fund is passively managed. The investment objective of this Sub-Fund is to reflect the performance of the “iBoxx EUR Liquid High Yield Index” (the “Benchmark Index”) denominated in EUR, in order to offer an exposure to EUR-denominated liquid corporate bonds rated sub-investment grade, while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Benchmark Index (the “Tracking Error”). The anticipated level of Tracking Error, under normal market conditions, is indicated in the prospectus of the Sub-Fund. The Benchmark Index is a bond index calculated and published by the international index provider S&P Dow Jones Indices. The Benchmark Index is a “total return index” (i.e. all coupons detached by the components of the Benchmark Index are reinvested in the Index). More information about the composition https://www.spglobal.com/spdji/ of the Benchmark Index and its operating rules are available in the prospectus and at: 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 Benchmark Index constituents in a proportion extremely close to their proportion in the Benchmark Index. The Investment Manager will be able to use derivatives in order to deal with inflows and outflows and which relate to the Benchmark 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. The Index value is available via Bloomberg (IBOXXMJA).

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 MULTI UNITS LUXEMBOURG prospectus.

Distribution policy:As this is a non-distributing share class, investment income is reinvested. the accumulation share automatically retains, and re-invests, all attributable income within the Sub-Fund; thereby accumulating value in the price of the accumulation shares.

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.

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 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+3.1%
Annualised
+2.8%
Volatility (ann.)
2.2%
Max drawdown
-2.72%
-3%-1%+2%+4%+7%Jul 2025Nov 2025Feb 2026Jun 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%)+3%Jul 2025Sept 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%-1%-2%-3%-4%20252026−2.72% · 30 Mar 2026
Max drawdown
-2.72%
peak → trough
Trough
30 Mar 2026
from the 26 Feb 2026 peak
Recovery time
60 days
recovery only: trough to break-even · ≈ 2 months
Underwater
92 days
decline + recovery: peak to break-even · ≈ 3 months · → recovered on 29 May 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
26 Feb 202630 Mar 2026-2.72%29 May 202692
24 Sept 202513 Oct 2025-0.85%28 Oct 202534
07 Jul 202629 Jul 2026-0.50%06 Aug 202630
12 Nov 202518 Nov 2025-0.45%27 Nov 202515
17 Aug 202608 Sept 2026-0.36%ongoing22

Calendar-year returns

2025
1.6%
2026
1.6%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.50.3-2.51.80.80.6-0.10.4-0.31.6
20250.20.40.10.20.31.6
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.
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.

Risk indicators· EUR

Last year
Volatility (ann.)2.29%
Max drawdown-2.72%
Sharpe0.18
Sortino0.26
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.

Duration and maturities

Duration · modified duration
2.40years

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

Maturity breakdown (% of fund)
Short term
59.54%
2 years
27.00%
5 years
11.84%
7 years
1.60%
10 years
0.02%

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)
BBB
0.15%
BB
54.98%
B
40.97%
CCC
4.09%
CC
0.44%
Other
-0.64%

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
653
Top-10 weight
4.0%

Top 10 holdings

COREWEAVE INC 8.5% Jul32 · DL7991201
0.49%
VMED O2 UK FI 5.625% Apr32 · ZB0007003
0.43%
TEVA PHARM FN 4.375% May30 · BS1759429
0.43%
FIBERCOP SPA 5.375% Apr31 · DH7549263
0.42%
GRIFOLS SA 3.875% Oct28 · BR5526230
0.41%
ORGANON & CO/ 2.875% Apr28 · BO9411733
0.37%
ZF EUROPE FIN 7% Jun30 EMTN · YN0901978
0.36%
OPALBD 5 1/2 03/31/32 · YQ6351973
0.36%
UNITED GROUP FRN Jan33 · DC9404377
0.35%
BIDCO 1/2/3/G 6.5% Jun33 · DK2306258
0.35%

Sectors

Consumer Discretionary
27.7%
Communications
14.8%
Materials
11.8%
Industrials
11.5%
Financials
9.3%
Health Care
9.2%
Technology
5.7%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustria: 0.8%AzerbaijanBurundiBelgium: 0.9%BeninBurkina FasoBangladeshBulgaria: 0.4%The BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerland: 2.2%ChileChina: 0.1%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech Republic: 1.1%Germany: 12.5%DjiboutiDenmark: 0.4%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 3.7%Estonia: 0.1%EthiopiaFinland: 1%FijiFalkland IslandsFrance: 20.6%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 1.4%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungary: 0.5%IndonesiaIndiaIreland: 0.9%IranIraqIcelandIsrael: 1.5%Italy: 16.5%JamaicaJordanJapan: 2.3%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuania: 0.5%Luxembourg: 1%LatviaMoroccoMoldovaMadagascarMexico: 0.1%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 4.9%Norway: 0.4%NepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPoland: 1%Puerto RicoNorth KoreaPortugal: 0.2%ParaguayQatarRomania: 0.6%RussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 1.9%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 11.4%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth Africa: 0.2%ZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
France20.6%
Italy16.5%
Germany12.5%
United States11.4%
United Kingdom10.6%
Netherlands4.9%
Spain3.7%
⬇ Download the full portfolio — Excel, 654 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 →

ETFs declaring the same index

FundTERIncomeFund size
GHYA · Amundinot on Borsa Italiana
0.17%Acc.467 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 →

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfAEHY6 Aug 2025
Börse FrankfurtAEHY5 Aug 2025
Börse HamburgAEHY15 Aug 2025
Börse HannoverAEHY2 Sept 2025
Börse München / gettexAEHY5 Aug 2025
Börse StuttgartAEHY7 Aug 2025
Tradegate ExchangeAEHY14 Aug 2025
Xetra (Deutsche Börse)AEHY5 Aug 2025
+ 11 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 EUR High Yield Bond UCITS ETF Acc track?
The issuer Amundi declares the benchmark: iBoxx EUR Liquid High Yield Index TRI.
How much does AEHY cost?
The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.50%.
How is AEHY 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 AEHY?
The fund size declared by Amundi is about 75 million euro.
When was AEHY launched?
The fund was launched on 15 July 2025: it has 1 year of history.
How does AEHY replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does AEHY pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does AEHY trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (AEHY), Börse Frankfurt (AEHY), Börse Hamburg (AEHY), Börse Hannover (AEHY), Börse München / gettex (AEHY), Börse Stuttgart (AEHY).
What was AEHY's worst fall?
Over the available history (since 2025), the maximum drawdown was -2.72%, reached in March 2026. Past performance is not indicative of future results.
How many securities does AEHY hold?
The declared portfolio holds 653 securities; the top 10 positions weigh 4%.
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.