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Amundi Core MSCI World Swap UCITS ETF EUR Hedged AccIndex, costs, backtest, listings and taxation

ISIN: LU3206582929Ticker: AHYYIssuer: AmundiClass: UCITS ETF EUR Hedged Acc Currency hedging: EUR-hedged share class
Issuer-declared data
Declared index
MSCI World 100% Hedged to EUR Net Total Return Index
TER
0.22%
Transaction costs
0.00% (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
11.1 mln EUR
NAV
5.65 EUR (31 August 2026)
Domicile
Luxembourg
Inception date
16 December 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 MSCI World Swap UCITS ETF EUR Hedged Acc tracks the issuer-declared index: MSCI World 100% Hedged to EUR Net Total Return Index. Mind the share class: this is the version hedged to EUR — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.22%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication (swap based); income is accumulated and reinvested in the fund. The fund has assets of about 11 million euro, was launched on 16 December 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

This Sub-Fund is passively managed. The objective of this Sub-Fund is to track the performance of MSCI WORLD Index ("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. MSCI World Index is an equity index representative of the large and midcap markets across developed countries. The Index is a Net Total Return Index : dividends net of tax paid by the index constituents are included in the Index return. More information about the composition of the index and its operating rules are available in the prospectus and at: www.msci.com The Index value is available via Bloomberg (NDDUWI). The Sub-Fund will apply an Indirect Replication methodology to get exposition to the Index. The Sub-Fund will invest into a total return swap (financial derivative instrument) delivering the performance of the Index against the performance of the assets held. Derivatives are integral to the Sub-Fund's investment strategies.

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 Sub-Fund 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 reinvests, 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 document
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 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+12.0%
Annualised
+18.3%
Volatility (ann.)
11.6%
Max drawdown
-8.47%
-9%-3%+4%+10%+16%Dec 2025Mar 2026May 2026Jul 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%)+12%Dec 2025Sept 2026
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.
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%2026−8.47% · 30 Mar 2026
Max drawdown
-8.47%
peak → trough
Trough
30 Mar 2026
from the 25 Feb 2026 peak
Recovery time
16 days
recovery only: trough to break-even
Underwater
49 days
decline + recovery: peak to break-even · → recovered on 15 Apr 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
25 Feb 202630 Mar 2026-8.47%15 Apr 202649
02 Jun 202610 Jun 2026-3.82%06 Jul 202634
15 Jul 202629 Jul 2026-2.52%03 Aug 202619
13 Aug 202601 Sept 2026-2.05%ongoing21
27 Jan 202605 Feb 2026-2.01%09 Feb 202613

Calendar-year returns

2025
-0.6%
2026
12.7%
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 — fund vs index

We do not publish a tracking difference for this share class — and it is not an oversight.

AHYY is hedged to EUR; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.

Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the EUR-hedged index series, which the issuer does not publish today.

What tracking difference is and how we compute it →

Risk indicators· EUR

Full history
Volatility (ann.)11.54%
Max drawdown-8.47%
Sharpe1.30
Sortino1.94
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: 2.23%), 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
209
Top-10 weight
33.8%

Top 10 holdings

NVIDIA CORP · NVDA UW
7.17%
AMAZON.COM INC · AMZN UW
5.39%
GENERAL ELECTRIC · GE UN
3.39%
GILEAD SCIENCES INC · GILD UW
2.98%
MICRON TECHNOLOGY INC · MU UW
2.87%
ADVANCED MICRO DEVICES · AMD UW
2.70%
ALPHABET INC CL A · GOOGL UW
2.69%
MARVELL TECHNOLOGY INC · MRVL UW
2.39%
ROCHE HOLDING AG - GENUSSS CHF · ROP SE
2.15%
BROADCOM INC · AVGO UW
2.09%
Download the full portfolio — Excel, 210 rows
Full portfolio declared by Amundi, as of 19 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding. Synthetic replication: the list shows the substitute basket (securities held as swap collateral), which can differ substantially from the replicated index. The fund’s economic exposure is that of its declared index.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

ETFs declaring the same index

FundTERIncomeFund size
WLDH · Amundi · 2 classes
0.30%Acc.684 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.

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfAHYY13 Jan 2026
Börse FrankfurtAHYY13 Jan 2026
Börse HamburgAHYY13 May 2026
Börse HannoverAHYY19 Mar 2026
Börse München / gettexAHYY13 Jan 2026
Börse StuttgartAHYY14 Jan 2026
Tradegate ExchangeAHYY15 Jan 2026
Xetra (Deutsche Börse)AHYY13 Jan 2026
+ 6 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 MSCI World Swap UCITS ETF EUR Hedged Acc track?
The issuer Amundi declares the benchmark: MSCI World 100% Hedged to EUR Net Total Return Index.
How much does AHYY cost?
The issuer-declared TER is 0.22% per year; the transaction costs estimated in the KID are 0.00%.
What is the fund size of AHYY?
The fund size declared by Amundi is about 11 million euro.
When was AHYY launched?
The fund was launched on 16 December 2025: it has been trading for 263 days: the page fills up as the issuer publishes data.
How does AHYY replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).
Does AHYY pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does AHYY trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (AHYY), Börse Frankfurt (AHYY), Börse Hamburg (AHYY), Börse Hannover (AHYY), Börse München / gettex (AHYY), Börse Stuttgart (AHYY).
What was AHYY's worst fall?
Over the available history (since 2025), the maximum drawdown was -8.47%, reached in March 2026. Past performance is not indicative of future results.
How many securities does AHYY hold?
The declared portfolio holds 209 securities; the top 10 positions weigh 33.8%.
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.