# Multi Units Luxembourg - Amundi UK Equity All Cap (LCUK)

**Page:** https://fundology.uk/fund/lcuk · ISIN LU1781541096

## 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, LCUK (Multi Units Luxembourg - Amundi UK Equity All Cap, ISIN LU1781541096) closed at £15.59 on the London Stock Exchange. Its ongoing charge is 0.04% a year (about £4 on £10,000). Over the five years to 13/11/2026 its total return was +68.1%, or +31.2% after UK CPIH inflation.

## Summary

Multi Units Luxembourg - Amundi UK Equity All Cap is an exchange-traded fund (ETF) from Amundi, launched in 2018. It tracks the Morningstar UK Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.04% a year — about £4 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.

Latest close: **£15.59** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LCUK |
| ISIN | LU1781541096 |
| Category | UK shares |
| Type | ETF |
| Provider | Amundi |
| Tracks | Morningstar UK Index |
| Income | Distributing |
| Ongoing charge | 0.04% a year (£4 per £10,000) |
| Fund size | £983m |
| Launched | 2018 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 27/02/2018 |

## 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 | +13.26% | +9.25% | income reinvested |
| 3 years | +61.08% | +45.53% | income reinvested |
| 5 years | +68.11% | +31.22% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Multi Units Luxembourg - Amundi UK Equity All Cap in pounds (price only, income paid out not included): 2022 −1.9%, 2023 +4.0%, 2024 +5.9%, 2025 +20.8%; 2026 to 13/11/2026 +12.6%. Returns of Multi Units Luxembourg - Amundi UK Equity All Cap in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +10.6%; to 30/09/2025: +13.4%; to 30/09/2024: +10.5%; to 30/09/2023: +11.8%; to 30/09/2022: −5.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -1.9% | -10.2% | Price |
| 2023 | +4.0% | -0.1% | Price |
| 2024 | +5.9% | +2.3% | Price |
| 2025 | +20.8% | +16.6% | Price |
| 2026 to 13/11/2026 | +12.6% | +9.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.94% | -9.11% |
| 3 years | 11.60% | -9.11% |
| 5 years | 12.62% | -11.98% |

## Largest fall

Volatility of Multi Units Luxembourg - Amundi UK Equity All Cap in pounds, annualised from weekly returns to 13/11/2026: 12.9% over 1 year, 11.6% over 3 years, 12.6% over 5 years. Largest fall in the price of Multi Units Luxembourg - Amundi UK Equity All Cap since November 2021, in pounds: −12.0% from 08/04/2022 to 14/10/2022. The lowest 12-month return of Multi Units Luxembourg - Amundi UK Equity All Cap in pounds (price only, income paid out not included) since January 2021 was −8.3% (12 months to 14/10/2022); the highest was +32.1% (12 months to 10/04/2026). On 13/11/2026 the price of Multi Units Luxembourg - Amundi UK Equity All Cap was at its highest weekly close since November 2021, in pounds.

## Charges compared with similar funds

Ongoing charge of Multi Units Luxembourg - Amundi UK Equity All Cap 0.04% a year. Compared on 14/11/2026, 35 of the 35 other UK share funds charge more, 0 the same and 0 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.04%** per year
- 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

As of 11/11/2026, LCUK holds 202 positions, according to its published holdings. The largest is HSBC at 8.48% of the fund; the ten largest make up 46.4%.

### Top holdings

Largest positions (as of 11/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 8.48% |
| 2 | AstraZeneca | [AZN](https://fundology.uk/stock/AZN) | 7.86% |
| 3 | Shell | [SHEL](https://fundology.uk/stock/SHEL) | 7.77% |
| 4 | Rolls-Royce | [RR.](https://fundology.uk/stock/RR.) | 4.06% |
| 5 | Unilever | [ULVR](https://fundology.uk/stock/ULVR) | 3.86% |
| 6 | British American Tobacco p.l.c | [BATS](https://fundology.uk/stock/BATS) | 3.58% |
| 7 | BP | [BP.](https://fundology.uk/stock/BP.) | 3.20% |
| 8 | GSK | [GSK](https://fundology.uk/stock/GSK) | 2.76% |
| 9 | Rio Tinto | [RIO](https://fundology.uk/stock/RIO) | 2.49% |
| 10 | National Grid | [NG.](https://fundology.uk/stock/NG.) | 2.29% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 11/11/2026.

| Sector | Weight |
|---|---|
| Financials | 24.0% |
| Consumer Staples | 14.6% |
| Industrials | 14.2% |
| Health Care | 12.6% |
| Energy | 11.4% |
| Materials | 7.4% |
| Consumer Discretionary | 5.5% |
| Utilities | 4.7% |
| Other sectors | 5.8% |

### By country

As published for the fund, as of 11/11/2026.

| Country | Weight |
|---|---|
| United Kingdom | 94.3% |
| Jersey | 3.7% |
| Spain | 0.6% |
| Ireland | 0.4% |
| Switzerland | 0.3% |
| Bermuda | 0.3% |
| Isle of Man | 0.1% |
| Israel | 0.1% |
| Other countries | 0.2% |

### By type of asset

Added up from the fund’s published holdings, as of 11/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.3% |
| Funds | 0.1% |

The 199 holdings on record (of 202 reported): https://fundology.uk/fund/lcuk/holdings

## Questions people ask

**What is the ongoing charge of LCUK?**

The ongoing charge of LCUK is 0.04% a year — about £4 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 - Amundi UK Equity All Cap 0.04% a year. Compared on 14/11/2026, 35 of the 35 other UK share funds charge more, 0 the same and 0 less (share classes counted once).

**What does LCUK track?**

LCUK tracks the Morningstar UK Index.

**Is LCUK accumulating or distributing?**

LCUK 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 LCUK?**

The ISIN of LCUK is LU1781541096. An ISIN identifies one exact share class of a fund; LCUK is its ticker on the London Stock Exchange.

**What does LCUK hold?**

As of 11/11/2026, LCUK holds 202 positions, according to its published holdings. The largest is HSBC at 8.48% of the fund; the ten largest make up 46.4%. Its ten largest holdings are HSBC (8.48%), AstraZeneca (7.86%), Shell (7.77%), Rolls-Royce (4.06%), Unilever (3.86%), British American Tobacco p.l.c (3.58%), BP (3.20%), GSK (2.76%), Rio Tinto (2.49%) and National Grid (2.29%).

**What were LCUK’s returns in each of the last five years?**

Calendar-year returns of LCUK in pounds (price only, income paid out not included): 2022 −1.9%, 2023 +4.0%, 2024 +5.9%, 2025 +20.8%; 2026 to 13/11/2026 +12.6%. Past performance is not a guide to future returns.

**How has LCUK done after inflation?**

Over the five years to 13/11/2026 LCUK’s total return was +68.1%, or +31.2% 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-uk-equity-all-cap-ucits-etf-dist/lu1781541096)
- 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.