Amundi Nasdaq-100 Target Income UCITS ETF DistIndex, costs, backtest, listings and taxation

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

This Sub-Fund is passively managed. The objective of this Sub-Fund is to track the performance of Nasdaq – 100 8% Income Target 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. The Index is a net total return index, meaning that dividends net of tax paid by the index constituents are included in the Index return. The Index measures the performance of a systematic, partial at-the-money covered call strategy. The strategy consists of having a long exposure to the Nasdaq-100 Notional Net Total Return Index (XNDXNNR) and a short exposure to a succession of monthly, at-the-money, call options of the Nasdaq-100 (NDX) ("The Underlying Index"). This approach aims to generate a target 8% annual income collected through options premiums and the positive difference between the long and short exposures to Underlying Index. while limiting upside participation if the index level rises above the strike price. In the event that the index level declines, the premium received should partially help offset the loss. To achieve this target 8% annual income, the quantity of option sold, each month (the “Coverage Ratio”), is adjusted depending on the value of the options. As a result, call options may be written on only a portion of the total notional exposure. This would mean that gains on the covered portion by the written call options are limited to the applicable strike price, while the remaining uncovered exposure continues to participate fully in gains above the strike price. More information about the composition of the Index and its operating rules are available in the prospectus and at: www.nasdaq.com. The Index value is available via Bloomberg (NDXTII8). 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 an average knowledge of and some 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: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.

Dividends