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Amundi European Strategic Autonomy UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: LU3180074463Ticker: SOVE (Xetra) · INDEP (Euronext Paris)Issuer: AmundiClass: UCITS ETF Acc
Issuer-declared data
Declared index
Euronext European Strategic Autonomy NR
TER
0.40%
Transaction costs
0.16% (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
30.5 mln EUR
NAV
5.84 EUR (1 September 2026)
Domicile
Luxembourg
Inception date
6 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 European Strategic Autonomy UCITS ETF Acc tracks the issuer-declared index: Euronext European Strategic Autonomy NR. The declared annual cost (TER) is 0.40%, plus 0.16% 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 31 million euro, was launched on 6 November 2025 and is domiciled in Luxembourg.

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 Euronext European Strategic Autonomy (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 dividends paid by the Index constituents are included in the index return. The Index is an equity index based on Euronext Developed Europe Total Market index (the "Parent Index") designed to capture the performance of European companies, incorporated within the European Economic Area (EEA) and that play a critical role in strengthening Europe's strategic autonomy across essential sectors such as aerospace and defense, financials, energy production and distribution. More information about the composition of the Index and its operating rules are available in the prospectus and at: www.euronext.com. The Index value is available via Bloomberg (EUSTAUNR). 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. 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 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. Updated composition of the Sub-Fund holdings is available on www.amundietf.com.

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.

Quick reads

  • TER 0.40%: above 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 Nov 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+18.1%
Annualised
+22.0%
Volatility (ann.)
14.3%
Max drawdown
-8.49%
-5%+2%+10%+17%+25%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%)+18%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%-2%-4%-6%-8%-10%20252026−8.49% · 27 Mar 2026
Max drawdown
-8.49%
peak → trough
Trough
27 Mar 2026
from the 20 Feb 2026 peak
Recovery time
21 days
recovery only: trough to break-even
Underwater
56 days
decline + recovery: peak to break-even · → recovered on 17 Apr 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
20 Feb 202627 Mar 2026-8.49%17 Apr 202656
12 Nov 202521 Nov 2025-4.29%23 Dec 202541
03 Jul 202623 Jul 2026-4.05%11 Aug 202639
17 Aug 202602 Sept 2026-3.61%ongoing22
06 May 202612 May 2026-3.04%22 May 202616

Calendar-year returns

2025
2.9%
2026
14.8%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20264.93.2-6.35.63.72.9-1.71.80.214.8
20252.22.9
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.)14.28%
Max drawdown-8.49%
Sharpe1.30
Sortino2.00
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
234
Top-10 weight
43.3%

Top 10 holdings

SAP SE / XETRA · SAP GY
8.87%
ASML HOLDING NV · ASML NA
8.81%
DANONE · BN FP
4.79%
SCHNEIDER ELECT SE · SU FP
4.00%
AIRBUS SE PARIS · AIR FP
3.03%
TOTALENERGIES SE PARIS · TTE FP
2.96%
DSV A/S (DKK) · DSV DC
2.81%
NOVO NORDISK A/S-B · NOVOB DC
2.73%
SAFRAN SA · SAF FP
2.70%
SIEMENS ENERGY AG · ENR GY
2.63%

Sectors

Industrials
32.0%
Information Technology
23.3%
Financials
11.5%
Health Care
8.2%
Consumer Staples
7.8%
Utilities
6.1%
Energy
4.3%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustria: 0.8%AzerbaijanBurundiBelgium: 2.4%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 20.3%DjiboutiDenmark: 8.8%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 8.5%EstoniaEthiopiaFinland: 2.2%FijiFalkland IslandsFrance: 30.7%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.3%IranIraqIcelandIsraelItaly: 5.5%JamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 12.1%Norway: 4.4%NepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 0.3%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 3.5%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast 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
France30.7%
Germany20.3%
Netherlands12.1%
Denmark8.8%
Spain8.5%
Italy5.5%
Norway4.4%
Download the full portfolio — Excel, 235 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 →

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 DüsseldorfSOVE12 Feb 2026
Börse FrankfurtSOVE12 Feb 2026
Börse HamburgSOVE29 Jan 2026
Börse HannoverSOVE19 Mar 2026
Börse München / gettexSOVE12 Feb 2026
Börse StuttgartSOVE23 Feb 2026
Euronext ParisINDEP20 Nov 2025
Tradegate ExchangeSOVE30 Dec 2025
Xetra (Deutsche Börse)SOVE12 Feb 2026
+ 16 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 European Strategic Autonomy UCITS ETF Acc track?
The issuer Amundi declares the benchmark: Euronext European Strategic Autonomy NR.
How much does INDEP cost?
The issuer-declared TER is 0.40% per year; the transaction costs estimated in the KID are 0.16%.
How is INDEP 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 INDEP?
The fund size declared by Amundi is about 31 million euro.
When was INDEP launched?
The fund was launched on 6 November 2025: it has been trading for 308 days: the page fills up as the issuer publishes data.
How does INDEP replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does INDEP pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does INDEP trade?
Per the official ESMA register it trades on 9 main exchanges, including Börse Düsseldorf (SOVE), Börse Frankfurt (SOVE), Börse Hamburg (SOVE), Börse Hannover (SOVE), Börse München / gettex (SOVE), Börse Stuttgart (SOVE).
What was INDEP's worst fall?
Over the available history (since 2025), the maximum drawdown was -8.49%, reached in March 2026. Past performance is not indicative of future results.
How many securities does INDEP hold?
The declared portfolio holds 234 securities; the top 10 positions weigh 43.3%.
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.