LU1686832194Issuer: AmundiAM EUR GOV BOND 25+Y - UCITS ETF Acc is invested almost entirely in «white-list» government bonds (99.30% share): nearly all of the capital gain is taxed at the reduced rate, and the 12.59% effective rate is close to the theoretical 12.5% minimum. Typical of government-bond ETFs.
In Italy, ETF capital gains are taxed at 26%. But the portion of the fund invested in Italian and «white-list» government bonds enjoys the reduced 12.5% rate. The effective rate is therefore a weighted average of the two, based on the share of government bonds the fund holds — a share each issuer certifies every semester as the average of the last two reports.
Amounts are purely illustrative: the computation applies this fund's effective rate. The same share applies to capital gains and distributions.
The effective rate on capital gains is 12.59%, computed from the 99.30% white-list share (12.5% on government bonds, 26% on the rest).
It is the percentage of the fund invested in Italian and cooperating-country («white-list») government bonds. On that portion the capital gain is taxed at 12.5% instead of 26%. The issuer certifies it every semester.
The share of the semester in which the SALE happens counts, not the purchase. The broker applies the withholding based on the issuer document valid in that semester.
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