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ETF sheet · Issuer-declared data
Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison
🇮🇹 Effective capital-gains rate: 26.00%details →

Amundi EUR Cash Active UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: LU3178805456Ticker: CMMFIssuer: AmundiClass: UCITS ETF Acc
Issuer-declared data
Declared index
TER
0.10%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Active management (from the KID)
Replication
Physical
Income policy
Money market fund (ESMA register)
Authorised — Standard VNAV (EU Reg. 2017/1131)
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
358.7 mln EUR
NAV
5.09 EUR (1 September 2026)
Domicile
Luxembourg
Inception date
4 November 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 EUR Cash Active UCITS ETF Acc is an actively managed ETF: it does not track an index — the declared index (ESTR Compounded Index) is a comparison yardstick only. The declared annual cost (TER) is 0.10%, plus 0.00% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 359 million euro, was launched on 4 November 2025 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 Sub-Fund aims to provide returns in line with money market rates. The Sub-Fund invests at least 67% of its assets in money market instruments. The Sub-Fund maintains within its portfolio a WAM of 180 days or less and a WAL of 365 days. The Compartment invests no more than 30% of its assets in transferable securities and money market instruments issued or guaranteed by a country, a local public authority within the EU or an international organization to which at least one EU member belongs. The Sub-Fund may invest up to 10% of its assets in units/shares of other money market funds. The Sub-Fund may use derivatives for hedging purposes. The Sub-Fund is a financial product that promotes ESG characteristics in accordance with Article 8 of the Regulation on the publication of sustainability information in the financial services sector. The Sub-Fund may use the Euro Short Term Rate (“€STR”) a posteriori as an indicator for assessing the Sub-Fund's performance. The Sub-Fund is a “Variable NAV Money Market Fund” as defined by the EU Money Markets Funds Regulations. The Sub-Fund is actively managed. There are no constraints relative to the benchmark restraining portfolio construction. The Sub-Fund has not designed the Benchmark Index as a benchmark for the purposes of the Regulation on Sustainability Reporting in the Financial Services Sector. The Sub-Fund integrates Sustainability Factors into its investment process, as described in more detail in the “Sustainable Investment” section of the Prospectus. The investment team performs both technical and fundamental analysis, including credit analysis, to select issuers and short-term securities while building a high-quality portfolio focused on liquidity and risk management. The Sub-Fund strives to ensure that the ESG rating of its portfolio is higher than that of its investment universe.

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 and who are prepared to take on a medium level of risk to their original capital.

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: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 French, 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 Nov 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+1.8%
Annualised
+2.2%
Volatility (ann.)
0.1%
Max drawdown
-0.01%
-3%-1%+1%+3%+5%Nov 2025Jan 2026Apr 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%)+2%Nov 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%20252026−0.01% · 02 Dec 2025
Max drawdown
-0.01%
peak → trough
Trough
02 Dec 2025
from the 01 Dec 2025 peak
Recovery time
1 day
recovery only: trough to break-even
Underwater
2 days
decline + recovery: peak to break-even · → recovered on 03 Dec 2025

Calendar-year returns

2025
0.3%
2026
1.5%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.20.20.20.20.20.20.20.20.01.5
20250.20.3
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

Full history
Volatility (ann.)0.09%
Max drawdown-0.01%
Sharpe-0.49
Sortino-0.92
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: 2.22%), 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
117
Top-10 weight
24.0%

Top 10 holdings

FRENCH REPUBL OAT IE 0.1% 25Jul53 · BT7257673
5.58%
DAT 10/11/26 CMARKEA EUR V ESTR OIS +0.3
3.95%
RCP 24/09/26 NESZ EUR F 2.37
2.23%
NCP 23/12/26 BBVI EUR F 2.3
2.21%
AM EURO LIQUIDITY S-T RESP - Z (C) · AMSTSZC FP
1.96%
NCP 04/09/26 BNPP EUR V ESTR OIS +0.25
1.84%
ECCP 09/09/26 BCLYSBK EUR V ESTR OIS +0.
1.69%
NCP 17/09/26 MNGENHTA EUR F 2.43
1.67%
NCP 06/11/26 BFCM EUR V ESTR OIS +0.33
1.42%
NCP 01/10/26 NDA EUR V ESTR OIS +0.25
1.42%

Sectors

Financials
70.9%
Corporate
15.1%
O/N & Repo
12.7%
Govies
1.2%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgium: 0.6%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 2.2%Switzerland: 2.3%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 2.1%DjiboutiDenmark: 0.9%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 6.2%EstoniaEthiopiaFinland: 2.3%FijiFalkland IslandsFrance: 57.9%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 1.7%IranIraqIcelandIsraelItaly: 6.6%JamaicaJordanJapan: 0.3%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 4.6%LatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 6.4%NorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 1.6%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 0.5%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
France57.9%
Italy6.6%
Netherlands6.4%
Spain6.2%
Luxembourg4.6%
United Kingdom3.8%
Finland2.3%
⬇ Download the full portfolio — Excel, 119 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 →

Index tracked

ESTR Compounded Index
This fund belongs to the money market ETFs family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
VCASH · Vanguard · 2 classesactive
0.07%Dist. · Acc.448 mln EUR
SMART · Amundi · 2 classes
0.10%Acc. · Dist.7.2 mld 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 DüsseldorfCMMF26 Jan 2026
Börse FrankfurtCMMF25 Nov 2025
Börse HamburgCMMF19 Jun 2026
Börse HannoverCMMF27 Jan 2026
Börse München / gettexCMMF25 Nov 2025
Börse StuttgartCMMF12 Dec 2025
Tradegate ExchangeCMMF27 Nov 2025
Xetra (Deutsche Börse)CMMF25 Nov 2025
+ 7 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 EUR Cash Active UCITS ETF Acc track?
The issuer Amundi declares the benchmark: ESTR Compounded Index.
How much does CMMF cost?
The issuer-declared TER is 0.10% per year; the transaction costs estimated in the KID are 0.00%.
How is CMMF 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 CMMF?
The fund size declared by Amundi is about 359 million euro.
When was CMMF launched?
The fund was launched on 4 November 2025: it has been trading for 304 days: the page fills up as the issuer publishes data.
Is CMMF actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index. The declared benchmark (ESTR Compounded Index) is a yardstick for comparison, not an index being tracked. Exposure is obtained through physical replication (issuer wording: “Direct(Physical)”).
Does CMMF pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does CMMF trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (CMMF), Börse Frankfurt (CMMF), Börse Hamburg (CMMF), Börse Hannover (CMMF), Börse München / gettex (CMMF), Börse Stuttgart (CMMF).
How many securities does CMMF hold?
The declared portfolio holds 117 securities; the top 10 positions weigh 24%.
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.