# Amundi Core MSCI USA UCITS ETF USD (MSCU)

**Page:** https://fundology.uk/fund/mscu · ISIN IE000IEGVMH6

## 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, MSCU (Amundi Core MSCI USA UCITS ETF USD, ISIN IE000IEGVMH6) closed at £43.51 on the London Stock Exchange. Its ongoing charge is 0.03% a year (about £3 on £10,000). Over the year to 13/11/2026 its total return was +10.6%, or +6.7% after UK CPIH inflation.

## Summary

Amundi Core MSCI USA UCITS ETF USD is an exchange-traded fund (ETF) from Amundi, launched in 2024. It tracks the MSCI USA Index - USD - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.03% a year — about £3 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: **£43.51** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | MSCU |
| ISIN | IE000IEGVMH6 |
| Also listed as | WEBI (Xetra, euros) |
| Category | US shares |
| Type | ETF |
| Provider | Amundi |
| Tracks | MSCI USA Index - USD - Benchmark TR Net |
| Income | Distributing |
| Ongoing charge | 0.03% a year (£3 per £10,000) |
| Fund size | £948m |
| Launched | 2024 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 05/03/2024 |

## 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 | +10.61% | +6.69% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Amundi Core MSCI USA UCITS ETF USD in pounds (price only, income paid out not included): 2026 to 13/11/2026 +11.8%. Returns of Amundi Core MSCI USA UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +15.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | +11.8% | +8.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 11.66% | -7.97% |

## Largest fall

Volatility of Amundi Core MSCI USA UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 11.7% over 1 year. Largest fall in the price of Amundi Core MSCI USA UCITS ETF USD since February 2025, in pounds: −17.3% from 21/02/2025 to 18/04/2025. On 13/11/2026 the price of Amundi Core MSCI USA UCITS ETF USD was 3.5% below its highest weekly close since February 2025 (09/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Amundi Core MSCI USA UCITS ETF USD 0.03% a year. Compared on 14/11/2026, 248 of the 254 other US share funds charge more, 6 the same and 0 less (share classes counted once).

## Funds tracking the same index

18 funds track MSCI USA Index - USD - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.03% to 0.30% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core MSCI USA UCITS ETF USD (this fund) | 0.03% | +10.6% | — | — |
| Amundi Index Solutions SICAV - Amundi Core MSCI USA Swap -UCITS ETF GBP H D- Distribution | 0.07% | — | — | — |
| Amundi Index Solutions SICAV - Amundi Core MSCI USA Swap Capitalisation -UCITS ETF A- | 0.05% | — | — | — |
| Deka MSCI USA UCITS ETF | 0.30% | +5.0% | +56.0% | +59.8% |
| Invesco MSCI USA UCITS ETF Acc | 0.05% | +11.6% | +65.7% | +73.6% |
| Invesco MSCI USA UCITS ETF USD | 0.05% | +11.5% | +65.5% | +73.5% |
| iShares MSCI USA Swap UCITS ETF AccumUSD | 0.05% | +11.0% | — | — |
| iShares MSCI USA Swap UCITS ETF Hedged GBP | 0.05% | +11.5% | — | — |
| iShares MSCI USA UCITS ETF | 0.07% | +10.9% | +65.0% | +71.7% |
| UBS (Irl) Fund Solutions PLC - UBS MSCI USA SF UCITS ETF Accum Shs USD | 0.15% | +8.1% | +60.1% | +64.7% |
| UBS Core MSCI USA UCITS ETF Accum -A- USD | 0.03% | +11.5% | — | +72.2% |
| UBS Core MSCI USA UCITS ETF Class -A- USD | 0.03% | +10.9% | +65.1% | +71.8% |
| UBS ETF SICAV - UBS ETF - MSCI USA UCITS ETF A Distribution | 0.14% | +10.8% | +60.1% | +69.5% |
| Xtrackers (IE) plc - Xtrackers MSCI USA Swap II UCITS ETF Accum-1C- USD | 0.04% | — | — | — |
| Xtrackers MSCI USA Swap II UCITS ETF -1D- USD | 0.04% | — | — | — |
| Xtrackers MSCI USA Swap UCITS ETF | 0.07% | +10.9% | — | — |
| Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C | 0.15% | +10.8% | +65.2% | +72.5% |
| Xtrackers MSCI USA UCITS ETF | 0.04% | +10.8% | +64.9% | +71.8% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.03%** per year (as of 09/10/2026)
- 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

As of 11/11/2026, MSCU holds 515 positions, according to its published holdings. The largest is Apple at 7.95% of the fund; the ten largest make up 36.2%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 7.95% |
| 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 6.08% |
| 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 5.59% |
| 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 3.92% |
| 5 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 2.62% |
| 6 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 2.38% |
| 7 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 2.10% |
| 8 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 2.07% |
| 9 | Eli Lilly | [LLY](https://fundology.uk/stock/LLY) | 1.75% |
| 10 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 1.71% |

## 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 04/11/2026.

| Sector | Weight |
|---|---|
| Information Technology | 36.4% |
| Financials | 12.4% |
| Health Care | 10.4% |
| Consumer Discretionary | 9.6% |
| Communication Services | 8.8% |
| Industrials | 8.3% |
| Consumer Staples | 5.0% |
| Energy | 3.6% |
| Other sectors | 5.6% |

The 512 holdings on record (of 515 reported): https://fundology.uk/fund/mscu/holdings

## Questions people ask

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

The ongoing charge of MSCU is 0.03% a year — about £3 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 Core MSCI USA UCITS ETF USD 0.03% a year. Compared on 14/11/2026, 248 of the 254 other US share funds charge more, 6 the same and 0 less (share classes counted once).

**What does MSCU track?**

MSCU tracks the MSCI USA Index - USD - Benchmark TR Net.

**Is MSCU accumulating or distributing?**

MSCU 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 MSCU?**

The ISIN of MSCU is IE000IEGVMH6. An ISIN identifies one exact share class of a fund; MSCU is its ticker on the London Stock Exchange. The same share class is also listed as WEBI (Xetra, euros).

**What does MSCU hold?**

As of 11/11/2026, MSCU holds 515 positions, according to its published holdings. The largest is Apple at 7.95% of the fund; the ten largest make up 36.2%. Its ten largest holdings are Apple (7.95%), NVIDIA (6.08%), Microsoft (5.59%), Amazon (3.92%), Alphabet · Class A (2.62%), Broadcom (2.38%), Meta Platforms · Class A (2.10%), Alphabet · Class C (2.07%), Eli Lilly (1.75%) and Tesla (1.71%).

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

Calendar-year returns of MSCU in pounds (price only, income paid out not included): 2026 to 13/11/2026 +11.8%. Past performance is not a guide to future returns.

**How has MSCU done after inflation?**

Over the year to 13/11/2026 MSCU’s total return was +10.6%, or +6.7% 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-msci-usa-ucits-etf-dist/ie000iegvmh6)
- 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.