# Multi Units Lu - Amundi Core Nasdaq-100 Swap (NASL) **Page:** https://fundology.uk/fund/nasl · ISIN LU1829221024 ## 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, NASL (Multi Units Lu - Amundi Core Nasdaq-100 Swap, ISIN LU1829221024) closed at £85.52 on the London Stock Exchange. Its ongoing charge is 0.22% a year (about £22 on £10,000). Over the five years to 13/11/2026 its price changed by +78.5%, or +39.3% after UK CPIH inflation. ## Summary Multi Units Lu - Amundi Core Nasdaq-100 Swap is an exchange-traded fund (ETF) from Amundi, launched in 2001. It tracks the NASDAQ-100 Notional Index - EUR — the 100 largest non-financial companies on the US Nasdaq exchange, weighted heavily towards technology. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.22% a year — about £22 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: **£85.52** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | NASL | | ISIN | LU1829221024 | | Also listed as | NASD (London Stock Exchange, US dollars), LYMS (Xetra, euros) | | Category | US shares | | Type | ETF | | Provider | Amundi | | Tracks | NASDAQ-100 Notional Index - EUR | | Income | Accumulating | | Ongoing charge | 0.22% a year (£22 per £10,000) | | Launched | 2001 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 17/01/2018 | ## 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 | +12.39% | +8.41% | price only | | 3 years | +69.07% | +52.75% | price only | | 5 years | +78.48% | +39.31% | price only | Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Multi Units Lu - Amundi Core Nasdaq-100 Swap in pounds (price, with income reinvested in the fund): 2022 −25.4%, 2023 +47.9%, 2024 +29.7%, 2025 +9.6%; 2026 to 13/11/2026 +12.8%. Returns of Multi Units Lu - Amundi Core Nasdaq-100 Swap in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +25.0%; to 30/09/2025: +24.2%; to 30/09/2024: +24.2%; to 30/09/2023: +20.7%; to 30/09/2022: −6.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -25.4% | -31.7% | Price | | 2023 | +47.9% | +42.1% | Price | | 2024 | +29.7% | +25.3% | Price | | 2025 | +9.6% | +5.9% | Price | | 2026 to 13/11/2026 | +12.8% | +9.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 17.68% | -12.73% | | 3 years | 17.77% | -21.89% | | 5 years | 18.55% | -26.42% | ## Largest fall Volatility of Multi Units Lu - Amundi Core Nasdaq-100 Swap in pounds, annualised from weekly returns to 13/11/2026: 17.7% over 1 year, 17.8% over 3 years, 18.5% over 5 years. Largest fall in the price of Multi Units Lu - Amundi Core Nasdaq-100 Swap since November 2021, in pounds: −26.4% from 19/11/2021 to 30/12/2022. The lowest 12-month return of Multi Units Lu - Amundi Core Nasdaq-100 Swap in pounds (price, with income reinvested in the fund) since January 2021 was −25.4% (12 months to 30/12/2022); the highest was +47.9% (12 months to 29/12/2023). On 13/11/2026 the price of Multi Units Lu - Amundi Core Nasdaq-100 Swap was 9.8% below its highest weekly close since November 2021 (02/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Multi Units Lu - Amundi Core Nasdaq-100 Swap 0.22% a year. Compared on 14/11/2026, 79 of the 254 other US share funds charge more, 3 the same and 172 less (share classes counted once). ## Funds tracking the same index 17 funds track NASDAQ-100 Notional Index - EUR, this one included and share classes counted once; their ongoing charges range from 0.13% to 0.35% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core Nasdaq-100 UCITS ETF Accum USD | 0.20% | — | — | — | | Amundi Index Solutions - NASDAQ-100 UCITS ETF | 0.23% | +10.4% | +71.7% | +83.8% | | BNP PARIBAS EASY II Nasdaq 100 UCITS ETF Accum USD | 0.17% | +10.5% | — | — | | Invesco EQQQ Nasdaq-100 UCITS ETF CHF Hdg Acc | 0.35% | +0.3% | +58.6% | +62.3% | | Invesco EQQQ Nasdaq-100 UCITS ETF Dist | 0.30% | +10.3% | +70.5% | +81.6% | | Invesco EQQQ Nasdaq-100 UCITS ETF EUR Hdg Acc | 0.35% | +2.7% | +63.3% | +54.7% | | Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.35% | +10.5% | +78.8% | +70.8% | | Invesco NASDAQ-100 Swap UCITS ETF AccumUSD | 0.20% | +10.5% | +72.0% | — | | Invesco NASDAQ-100 Swap UCITS ETF USD | 0.20% | +11.1% | +72.1% | — | | iShares NASDAQ - 100 UCITS ETF (DE) | 0.30% | +10.1% | +70.6% | +81.7% | | ISHARES NASDAQ 100 SWAP UCITS ETF AccumUSD | 0.20% | +10.5% | — | — | | iShares NASDAQ 100 UCITS ETF USD | 0.30% | +10.3% | +71.0% | +82.3% | | Multi Units Lu - Amundi Core Nasdaq-100 Swap (this fund) | 0.22% | — | — | — | | UBS (Irl) ETF Plc - UBS Nasdaq-100 UCITS ETF Accum USD | 0.13% | +14.4% | — | — | | UBS (Irl) ETF Plc - UBS Nasdaq-100 UCITS ETF USD | 0.13% | +14.4% | — | — | | Xtrackers NASDAQ 100 Swap UCITS ETF -1D- USD | 0.18% | +14.3% | — | — | | Xtrackers NASDAQ 100 UCITS ETF Accum-1C- USD | 0.20% | +10.4% | +71.6% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.22%** 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 NASL 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) | 8.45% | | 2 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 8.15% | | 3 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 6.93% | | 4 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 5.04% | | 5 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 3.87% | | 6 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 3.74% | | 7 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 3.19% | | 8 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 3.04% | | 9 | Cisco Systems | [CSCO](https://fundology.uk/stock/CSCO) | 2.91% | | 10 | Seagate Technology | [STX](https://fundology.uk/stock/STX) | 2.87% | The 239 holdings on record (of 277 reported): https://fundology.uk/fund/nasl/holdings ## Questions people ask **What is the ongoing charge of NASL?** The ongoing charge of NASL is 0.22% a year — about £22 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 Lu - Amundi Core Nasdaq-100 Swap 0.22% a year. Compared on 14/11/2026, 79 of the 254 other US share funds charge more, 3 the same and 172 less (share classes counted once). **What does NASL track?** NASL tracks the NASDAQ-100 Notional Index - EUR — the 100 largest non-financial companies on the US Nasdaq exchange, weighted heavily towards technology. **Is NASL accumulating or distributing?** NASL 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 NASL?** The ISIN of NASL is LU1829221024. An ISIN identifies one exact share class of a fund; NASL is its ticker on the London Stock Exchange. The same share class is also listed as NASD (London Stock Exchange, US dollars) and LYMS (Xetra, euros). **What does NASL hold?** NASL 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 NASL’s returns in each of the last five years?** Calendar-year returns of NASL in pounds (price, with income reinvested in the fund): 2022 −25.4%, 2023 +47.9%, 2024 +29.7%, 2025 +9.6%; 2026 to 13/11/2026 +12.8%. Past performance is not a guide to future returns. **How has NASL done after inflation?** Over the five years to 13/11/2026 NASL’s price changed by +78.5%, or +39.3% 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-nasdaq100-swap-ucits-etf-acc/lu1829221024) - 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.