# Amundi Core S&P 500 Swap Daily Hedged D EUR (0E05) **Page:** https://fundology.uk/fund/0e05 · ISIN LU0959211243 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, 0E05 (Amundi Core S&P 500 Swap Daily Hedged D EUR, ISIN LU0959211243) closed at €364.73 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 13/11/2026 its total return was +51.7%, or +18.4% after UK CPIH inflation. ## Summary Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR is an exchange-traded fund (ETF) from Amundi, launched in 2013. It tracks the S&P 500 — about 500 of the largest companies listed in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.07% a year — about £7 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. It is currency-hedged to euros, not to the pound: it aims to remove most of the effect of exchange-rate moves against euros, so a holder who counts in pounds still has currency risk. Latest close: **€364.73** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 0E05 | | ISIN | LU0959211243 | | Also listed as | LYP2 (Xetra, euros) | | Category | US shares | | Type | ETF | | Provider | Amundi | | Tracks | S&P 500 | | Income | Distributing | | Ongoing charge | 0.07% a year (£7 per £10,000) | | Fund size | £904m | | Launched | 2013 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2020 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +4.22% | +0.53% | income reinvested | | 3 years | +61.07% | +45.52% | income reinvested | | 5 years | +51.72% | +18.43% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR in pounds (price only, income paid out not included): 2022 −18.5%, 2023 +19.8%, 2024 +15.3%, 2025 +20.3%; 2026 to 13/11/2026 +4.6%. Returns of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +9.0%; to 30/09/2025: +20.2%; to 30/09/2024: +26.3%; to 30/09/2023: +12.7%; to 30/09/2022: −14.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -18.5% | -25.4% | Price | | 2023 | +19.8% | +15.0% | Price | | 2024 | +15.3% | +11.3% | Price | | 2025 | +20.3% | +16.1% | Price | | 2026 to 13/11/2026 | +4.6% | +1.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 12.77% | -8.23% | | 3 years | 13.39% | -14.84% | | 5 years | 14.86% | -23.07% | ## Largest fall Volatility of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR in pounds, annualised from weekly returns to 13/11/2026: 12.8% over 1 year, 13.4% over 3 years, 14.9% over 5 years. Largest fall in the price of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR since November 2021, in pounds: −23.1% from 31/12/2021 to 14/10/2022. The lowest 12-month return of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR in pounds (price only, income paid out not included) since January 2021 was −21.0% (12 months to 04/11/2022); the highest was +31.9% (12 months to 25/10/2024). On 13/11/2026 the price of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR was 5.2% below its highest weekly close since November 2021 (23/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR 0.07% a year. Compared on 14/11/2026, 201 of the 254 other US share funds charge more, 16 the same and 37 less (share classes counted once). ## Funds tracking the same index 48 funds track S&P 500, this one included and share classes counted once; their ongoing charges range from 0.03% to 0.45% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core S&P 500 UCITS ETF Accum Shs USD | 0.04% | +13.0% | — | — | | Amundi Index Solutions - S&P 500 UCITS ETF | 0.15% | +11.0% | +64.7% | +75.5% | | Amundi Index Solutions - S&P 500 UCITS ETF Dist | 0.15% | +11.4% | +61.3% | — | | BNP PARIBAS EASY - S&P 500 II | 0.08% | +13.9% | — | — | | BNP Paribas Easy S&P 500 UCITS ETF Act. EUR HDG | 0.14% | +3.8% | +59.2% | +49.7% | | BNP Paribas Easy S&P 500 UCITS ETF Class C USD | 0.14% | +11.6% | +63.8% | +74.9% | | BNP Paribas Easy S&P 500 UCITS ETF Class H USD | 0.14% | +11.6% | +63.8% | +74.9% | | BNP Paribas Easy SICAV - S&P 500 II -UCITS ETF- Distribution | 0.08% | +11.7% | — | — | | Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD | 0.45% | +13.0% | +13.4% | — | | HSBC ETFs PLC - HSBC S&P 500 UCITS ETF Accum USD | 0.09% | +11.2% | — | — | | HSBC S&P 500 UCITS ETF USD | 0.09% | +11.2% | +64.7% | +75.1% | | Invesco S&P 500 UCITS ETF | 0.05% | +11.4% | +65.5% | +76.9% | | Invesco S&P 500 UCITS ETF Dist | 0.05% | +12.0% | +65.6% | +78.0% | | Invesco S&P 500 UCITS ETF EUR Hedged Acc | 0.05% | +4.1% | +60.4% | +50.8% | | Invesco S&P 500 UCITS ETF Hedged GBP | 0.05% | +11.9% | +76.9% | — | | iShares Core S&P 500 UCITS ETF | 0.07% | +11.3% | +64.8% | +75.4% | | iShares Core S&P 500 UCITS ETF GBP Hedged Dist | 0.10% | +11.8% | +75.7% | +65.0% | | iShares Core S&P 500 UCITS ETF MXN Hedged (Acc) | 0.12% | +12.3% | +75.7% | +143.1% | | iShares Core S&P 500 UCITS ETF USD (Dist) | 0.07% | +11.3% | +64.8% | +75.3% | | iShares S&P 500 CHF Hedged UCITS ETF (Acc) | 0.20% | +1.3% | +55.0% | +55.9% | | iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 0.20% | +4.1% | +60.5% | +50.4% | | iShares S&P 500 GBP Hedged UCITS ETF (Acc) | 0.20% | +11.5% | +75.3% | +64.3% | | iShares S&P 500 Swap UCITS ETF AccumUSD | 0.05% | +11.4% | +65.6% | — | | iShares S&P 500 Swap UCITS ETF GBP Hedged (Dist) | 0.05% | +11.9% | — | — | | iShares S&P 500 Swap UCITS ETF USD | 0.05% | +11.4% | — | — | | Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap C-EUR | 0.05% | — | — | — | | Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap D USD | 0.05% | +11.4% | +65.5% | +76.7% | | Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR (this fund) | 0.07% | +4.2% | +61.1% | +51.7% | | Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged to CHF D | 0.07% | +1.5% | +56.2% | +58.0% | | Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged to GBP D | 0.05% | +12.0% | +77.1% | +67.3% | | State Street SPDR S&P 500 UCITS ETF Accum shs - USD | 0.03% | +11.0% | — | — | | State Street SPDR S&P 500 UCITS ETF USD | 0.03% | +11.0% | +64.5% | +74.8% | | UBS (Irl) Fund Solutions PLC- UBS S&P 500 SF UCITS ETF Accum Shs USD | 0.19% | +8.7% | +59.9% | +68.0% | | UBS Core S&P 500 UCITS ETF -A- Hedged GBP | 0.06% | +12.0% | +77.5% | +66.4% | | UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF | 0.06% | +1.3% | +55.4% | +56.1% | | UBS Core S&P 500 UCITS ETF Accum -A- Hedged EUR | 0.06% | +4.2% | +61.0% | +50.8% | | UBS Core S&P 500 UCITS ETF AccumUSD | — | +13.9% | — | — | | UBS Core S&P 500 UCITS ETF Class -A- USD | 0.03% | +11.3% | +64.8% | +75.2% | | Vanguard S&P 500 UCITS ETF | 0.07% | +11.3% | +64.7% | +75.3% | | Vanguard S&P 500 UCITS ETF Acc | 0.07% | +11.3% | +64.7% | +75.3% | | Xtrackers S&P 500 Swap II UCITS ETF -1D- USD | 0.04% | +13.7% | — | — | | Xtrackers S&P 500 Swap UCITS ETF | 0.20% | +11.7% | +75.8% | — | | Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C | 0.15% | +11.3% | +65.1% | +76.2% | | Xtrackers S&P 500 Swap UCITS ETF Dist | 0.07% | +11.4% | — | — | | Xtrackers S&P 500 UCITS ETF | — | +11.3% | — | — | | Xtrackers S&P 500 UCITS ETF -4D- USD | 0.19% | +8.7% | — | — | | Xtrackers S&P 500 UCITS ETF Accum Shs -2C- Hedged GBP | 0.15% | +11.8% | +75.8% | +64.6% | | Xtrackers S&P 500 UCITS ETF EUR Hedged | 0.15% | +4.1% | +60.1% | +49.5% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.07%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds 0E05 is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 7.27% | | 2 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 6.93% | | 3 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 5.96% | | 4 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 5.07% | | 5 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 3.60% | | 6 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 3.23% | | 7 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 2.62% | | 8 | JP Morgan Chase | [JPM](https://fundology.uk/stock/JPM) | 2.59% | | 9 | Caterpillar | [CAT](https://fundology.uk/stock/CAT) | 1.95% | | 10 | UnitedHealth Group | [UNH](https://fundology.uk/stock/UNH) | 1.90% | The 423 holdings on record (of 519 reported): https://fundology.uk/fund/0e05/holdings ## Questions people ask **What is the ongoing charge of 0E05?** The ongoing charge of 0E05 is 0.07% a year — about £7 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR 0.07% a year. Compared on 14/11/2026, 201 of the 254 other US share funds charge more, 16 the same and 37 less (share classes counted once). **What does 0E05 track?** 0E05 tracks the S&P 500 — about 500 of the largest companies listed in the US. **Is 0E05 accumulating or distributing?** 0E05 is distributing: income is paid out to holders as cash, usually a few times a year. It pays out annual. **What is the ISIN of 0E05?** The ISIN of 0E05 is LU0959211243. An ISIN identifies one exact share class of a fund; 0E05 is its ticker on the London Stock Exchange. The same share class is also listed as LYP2 (Xetra, euros). **What does 0E05 hold?** 0E05 is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. **What were 0E05’s returns in each of the last five years?** Calendar-year returns of 0E05 in pounds (price only, income paid out not included): 2022 −18.5%, 2023 +19.8%, 2024 +15.3%, 2025 +20.3%; 2026 to 13/11/2026 +4.6%. Past performance is not a guide to future returns. **How has 0E05 done after inflation?** Over the five years to 13/11/2026 0E05’s total return was +51.7%, or +18.4% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/equity/amundi-core-sp-500-swap-ucits-etf-eur-hedged-dist/lu0959211243) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.