# Amundi Core S&P 500 Swap D USD (LSPX)

**Page:** https://fundology.uk/fund/lspx · ISIN LU0496786657

## 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, LSPX (Amundi Core S&P 500 Swap D USD, ISIN LU0496786657) closed at £58.88 on the London Stock Exchange. Its ongoing charge is 0.05% a year (about £5 on £10,000). Over the five years to 13/11/2026 its total return was +76.7%, or +38.0% after UK CPIH inflation.

## Summary

Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap D USD is an exchange-traded fund (ETF) from Amundi, launched in 2010. 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 0.05% a year — about £5 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: **£58.88** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LSPX |
| ISIN | LU0496786657 |
| Also listed as | LSPU (London Stock Exchange, US dollars), 6TVM (Xetra, euros) |
| Category | US shares |
| Type | ETF |
| Provider | Amundi |
| Tracks | S&P 500 |
| Income | Distributing |
| Ongoing charge | 0.05% a year (£5 per £10,000) |
| Fund size | £4.2bn |
| Launched | 2010 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2011 |

## 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 | +11.41% | +7.46% | income reinvested |
| 3 years | +65.48% | +49.51% | income reinvested |
| 5 years | +76.74% | +37.96% | 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 D USD in pounds (price only, income paid out not included): 2022 −10.7%, 2023 +18.8%, 2024 +27.0%, 2025 +6.6%; 2026 to 13/11/2026 +13.3%. Returns of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap D USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +16.2%; to 30/09/2025: +16.4%; to 30/09/2024: +21.9%; to 30/09/2023: +7.9%; to 30/09/2022: +3.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -10.7% | -18.2% | Price |
| 2023 | +18.8% | +14.0% | Price |
| 2024 | +27.0% | +22.7% | Price |
| 2025 | +6.6% | +2.9% | Price |
| 2026 to 13/11/2026 | +13.3% | +9.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 11.46% | -7.12% |
| 3 years | 12.74% | -18.86% |
| 5 years | 13.46% | -18.86% |

## Largest fall

Volatility of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap D USD in pounds, annualised from weekly returns to 13/11/2026: 11.5% over 1 year, 12.7% over 3 years, 13.5% over 5 years. Largest fall in the price of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap D USD since November 2021, in pounds: −18.9% from 17/01/2025 to 18/04/2025. The lowest 12-month return of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap D USD in pounds (price only, income paid out not included) since January 2021 was −10.7% (12 months to 30/12/2022); the highest was +32.2% (12 months to 25/10/2024). On 13/11/2026 the price of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap D USD was 3.2% below its highest weekly close since November 2021 (09/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap D USD 0.05% a year. Compared on 14/11/2026, 224 of the 254 other US share funds charge more, 16 the same and 14 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 (this fund) | 0.05% | +11.4% | +65.5% | +76.7% |
| Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR | 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): **0.05%** 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

LSPX 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/lspx/holdings

## Questions people ask

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

The ongoing charge of LSPX is 0.05% a year — about £5 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 D USD 0.05% a year. Compared on 14/11/2026, 224 of the 254 other US share funds charge more, 16 the same and 14 less (share classes counted once).

**What does LSPX track?**

LSPX tracks the S&P 500 — about 500 of the largest companies listed in the US.

**Is LSPX accumulating or distributing?**

LSPX 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 LSPX?**

The ISIN of LSPX is LU0496786657. An ISIN identifies one exact share class of a fund; LSPX is its ticker on the London Stock Exchange. The same share class is also listed as LSPU (London Stock Exchange, US dollars) and 6TVM (Xetra, euros).

**What does LSPX hold?**

LSPX 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 LSPX’s returns in each of the last five years?**

Calendar-year returns of LSPX in pounds (price only, income paid out not included): 2022 −10.7%, 2023 +18.8%, 2024 +27.0%, 2025 +6.6%; 2026 to 13/11/2026 +13.3%. Past performance is not a guide to future returns.

**How has LSPX done after inflation?**

Over the five years to 13/11/2026 LSPX’s total return was +76.7%, or +38.0% 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-usd-dist/lu0496786657)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.