# Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc- (LEML) **Source:** https://fundology.uk/fund/leml · ISIN FR0010435297 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Amundi), ONS CPIH, FCA FIRDS ## 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 01/10/2026, LEML (Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc-, ISIN FR0010435297) closed at £16.41 on the London Stock Exchange. Its ongoing charge is 0.55% a year (about £55 on £10,000). Over the five years to 01/10/2026 its total return was +52.6%, or +19.3% after UK CPIH inflation. ## Summary Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc- is an exchange-traded fund (ETF) from Amundi, launched in 2018. It tracks the MSCI EM (Emerging Markets) — companies in emerging economies such as China, India, Taiwan and Brazil. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.55% a year — about £55 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£16.41** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | LEML | | ISIN | FR0010435297 | | Category | Emerging markets | | Type | ETF | | Provider | Amundi | | Tracks | MSCI EM (Emerging Markets) | | Income | Accumulating | | Ongoing charge | 0.55% a year (£55 per £10,000) | | Fund size | £23.5m | | Launched | 2018 | | Domicile | France | ## Past returns (periods to 01/10/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +30.57% | +26.47% | income reinvested | | 3 years | +72.47% | +55.64% | income reinvested | | 5 years | +52.57% | +19.27% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Charges compared with similar funds Ongoing charge of Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc- 0.55% a year, as of 02/10/2026: 34 of the 141 other emerging-market share funds charge more, 5 the same and 102 less (share classes counted once). ## Funds tracking the same index 21 funds track MSCI EM (Emerging Markets), this one included and share classes counted once; their ongoing charges range from 0.09% to 0.55% a year (01/10/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core MSCI Emerging Markets -UCITS ETF DR- Capitalisation | 0.18% | +31.0% | +76.5% | +56.0% | | Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution | 0.24% | +30.5% | +73.7% | +54.4% | | Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution | 0.25% | +31.2% | +76.6% | +68.4% | | Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation | 0.20% | +31.1% | +74.4% | +55.2% | | Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc- (this fund) | 0.55% | +30.6% | +72.5% | +52.6% | | BNP PARIBAS EASY MSCI EMERGING Capitalisation -UCITS ETF- | 0.09% | — | — | — | | HSBC MSCI Emerging Markets UCITS ETF | 0.15% | +31.1% | +73.6% | +54.6% | | HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSD | 0.15% | +31.1% | +55.7% | +55.7% | | Invesco MSCI Emerging Markets UCITS ETF | 0.19% | +30.7% | +73.0% | +53.5% | | iShares MSCI EM UCITS ETF USD (Acc) | 0.18% | +30.8% | +76.0% | +55.7% | | iShares MSCI EM UCITS ETF USD (Dist) | 0.18% | +30.8% | +75.9% | +55.4% | | iShares VI PLC - iShares MSCI EM Swap UCITS ETF Accum- USD | 0.14% | — | — | — | | Multi Units LU - Amundi MSCI Emerging Markets II | 0.14% | +31.1% | +75.0% | — | | Multi Units LU - Amundi MSCI Emerging Markets II | 0.14% | +31.7% | +77.8% | — | | State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD | 0.18% | +31.5% | +77.7% | +57.1% | | UBS (Irl) Fund Solutions PLC - UBS MSCI EM SF UCITS ETF Accum Shs USD | 0.14% | +31.5% | +77.0% | +57.1% | | UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution | 0.15% | +31.0% | +75.0% | +56.1% | | Xtrackers MSCI Emerging Markets Swap UCITS ETF | 0.12% | +31.9% | +52.4% | — | | Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C | 0.12% | +30.8% | +73.4% | +53.7% | | Xtrackers MSCI Emerging Markets UCITS ETF | 0.18% | +30.8% | +74.4% | +54.9% | | Xtrackers MSCI Emerging Markets UCITS ETF USD | 0.18% | +31.4% | +77.2% | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.55%** per year - ISA eligible: yes - SIPP eligible: yes ## What it holds As of 29/09/2026, LEML holds 31 positions, according to the holdings Amundi publishes. The largest is Amazon at 7.64% of the fund; the ten largest make up 52.7%. ### Top holdings Largest positions (as of 29/09/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 7.64% | | 2 | Air Liquide Prime Fidelite | — | 7.10% | | 3 | Credit Agricole | [ACA](https://fundology.uk/stock/ACA) | 5.41% | | 4 | L Oreal Prime Fidelite | — | 5.36% | | 5 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 4.71% | | 6 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 4.69% | | 7 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 4.56% | | 8 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 4.44% | | 9 | Texas Instruments | [TXN](https://fundology.uk/stock/TXN) | 4.43% | | 10 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 4.37% | Source: Amundi, holdings as published, as of 29/09/2026. ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector As published by Amundi, as of 29/09/2026. | Sector | Weight | |---|---| | Information Technology | 31.4% | | Consumer Discretionary | 23.6% | | Communication Services | 9.5% | | Consumer Staples | 9.0% | | Financials | 9.0% | | Materials | 7.1% | | Energy | 4.1% | | Health Care | 2.5% | | Other sectors | 3.9% | ### By country As published by Amundi, as of 29/09/2026. | Country | Weight | |---|---| | United States | 73.6% | | France | 26.4% | The 30 holdings on record (of 31 Amundi reports): https://fundology.uk/fund/leml/holdings ## Questions people ask **What is the ongoing charge of LEML?** The ongoing charge of LEML is 0.55% a year — about £55 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 Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc- 0.55% a year, as of 02/10/2026: 34 of the 141 other emerging-market share funds charge more, 5 the same and 102 less (share classes counted once). **What does LEML track?** LEML tracks the MSCI EM (Emerging Markets) — companies in emerging economies such as China, India, Taiwan and Brazil. **Is LEML accumulating or distributing?** LEML is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of LEML?** The ISIN of LEML is FR0010435297. An ISIN identifies one exact share class of a fund; LEML is its ticker on the London Stock Exchange. **What does LEML hold?** As of 29/09/2026, LEML holds 31 positions, according to the holdings Amundi publishes. The largest is Amazon at 7.64% of the fund; the ten largest make up 52.7%. Its ten largest holdings are Amazon (7.64%), Air Liquide Prime Fidelite (7.10%), Credit Agricole (5.41%), L Oreal Prime Fidelite (5.36%), Alphabet · Class C (4.71%), Micron Technology (4.69%), NVIDIA (4.56%), Apple (4.44%), Texas Instruments (4.43%) and Meta Platforms · Class A (4.37%). **How has LEML done after inflation?** Over the five years to 01/10/2026 LEML’s total return was +52.6%, or +19.3% after UK CPIH inflation. Past performance is not a guide to future returns. --- 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.