# Amundi MSCI Pacific Ex Japan. Dist- Distribution (PAXG)

**Page:** https://fundology.uk/fund/paxg · ISIN LU1220245556

## 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, PAXG (Amundi MSCI Pacific Ex Japan. Dist- Distribution, ISIN LU1220245556) closed at £93.61 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 13/11/2026 its total return was +40.2%, or +9.5% after UK CPIH inflation.

## Summary

Multi Units Luxembourg SICAV - Amundi MSCI Pacific Ex Japan. Dist- Distribution is an exchange-traded fund (ETF) from Amundi, launched in 2015. It tracks the MSCI Pacific ex JP. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.12% a year — about £12 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: **£93.61** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | PAXG |
| ISIN | LU1220245556 |
| Also listed as | PAXJ (London Stock Exchange, US dollars), LGQK (Xetra, euros) |
| Category | Japan & Asia Pacific |
| Type | ETF |
| Provider | Amundi |
| Tracks | MSCI Pacific ex JP |
| Income | Distributing |
| Ongoing charge | 0.12% a year (£12 per £10,000) |
| Fund size | £297m |
| Launched | 2015 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2016 |

## 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 | +11.32% | +7.38% | income reinvested |
| 3 years | +48.93% | +34.55% | income reinvested |
| 5 years | +40.24% | +9.47% | 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 MSCI Pacific Ex Japan. Dist- Distribution in pounds (price only, income paid out not included): 2022 +0.8%, 2023 −4.2%, 2024 +2.9%, 2025 +7.3%; 2026 to 13/11/2026 +12.9%. Returns of Multi Units Luxembourg SICAV - Amundi MSCI Pacific Ex Japan. Dist- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +7.5%; to 30/09/2025: +5.8%; to 30/09/2024: +11.2%; to 30/09/2023: −2.5%; to 30/09/2022: −2.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +0.8% | -7.7% | Price |
| 2023 | -4.2% | -8.0% | Price |
| 2024 | +2.9% | -0.6% | Price |
| 2025 | +7.3% | +3.6% | Price |
| 2026 to 13/11/2026 | +12.9% | +9.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.28% | -7.45% |
| 3 years | 13.03% | -19.43% |
| 5 years | 13.76% | -19.63% |

## Largest fall

Volatility of Multi Units Luxembourg SICAV - Amundi MSCI Pacific Ex Japan. Dist- Distribution in pounds, annualised from weekly returns to 13/11/2026: 12.3% over 1 year, 13.0% over 3 years, 13.8% over 5 years. Largest fall in the price of Multi Units Luxembourg SICAV - Amundi MSCI Pacific Ex Japan. Dist- Distribution since November 2021, in pounds: −19.6% from 03/02/2023 to 04/04/2025. The lowest 12-month return of Multi Units Luxembourg SICAV - Amundi MSCI Pacific Ex Japan. Dist- Distribution in pounds (price only, income paid out not included) since January 2021 was −14.9% (12 months to 02/02/2024); the highest was +33.3% (12 months to 10/04/2026). On 13/11/2026 the price of Multi Units Luxembourg SICAV - Amundi MSCI Pacific Ex Japan. Dist- Distribution was 2.9% below its highest weekly close since November 2021 (04/09/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Multi Units Luxembourg SICAV - Amundi MSCI Pacific Ex Japan. Dist- Distribution 0.12% a year. Compared on 14/11/2026, 86 of the 108 other Japan and Asia Pacific share funds charge more, 10 the same and 12 less (share classes counted once).

## Funds tracking the same index

7 funds track MSCI Pacific ex JP, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.60% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| HSBC ETFs Plc - HSBC MSCI Pacific ex Japan UCITS ETF USD | 0.15% | +11.9% | +48.5% | +39.4% |
| HSBC ETFs Plc - MSCI Pacific (ex-Japan) | 0.15% | +11.9% | — | — |
| iShares Core MSCI Pacific ex Japan UCITS ETF | 0.20% | +11.9% | +48.3% | +39.1% |
| iShares MSCI Pacific ex-Japan UCITS ETF (Dist) USD | 0.60% | +11.5% | +46.5% | +36.5% |
| Multi Units Luxembourg SICAV - Amundi MSCI Pacific Ex Japan. Dist- Distribution (this fund) | 0.12% | +11.3% | +48.9% | +40.2% |
| UBS MSCI Pacific ex Japan UCITS ETF -USD dis- Distribution | 0.10% | +11.3% | +48.5% | +39.8% |
| Xtrackers SICAV - Xtrackers MSCI Pacific ex Japan Screened UCITS ETF-1D- Distribution | 0.10% | +5.9% | — | — |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.12%** 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, PAXG holds 91 positions, according to its published holdings. The largest is BHP Group at 9.37% of the fund; the ten largest make up 47.9%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | BHP Group | [BHP](https://fundology.uk/stock/BHP) | 9.37% |
| 2 | Commonwealth Bank of Australia | [CBA](https://fundology.uk/stock/CBA) | 8.53% |
| 3 | DBS Group | [D05](https://fundology.uk/stock/D05) | 5.07% |
| 4 | AIA Group | [1299](https://fundology.uk/stock/1299) | 4.64% |
| 5 | Westpac Banking | [WBC](https://fundology.uk/stock/WBC) | 3.89% |
| 6 | ANZ Group | [ANZ](https://fundology.uk/stock/ANZ) | 3.68% |
| 7 | National Australia Bank | [NAB](https://fundology.uk/stock/NAB) | 3.67% |
| 8 | Oversea-Chinese Banking | [O39](https://fundology.uk/stock/O39) | 3.27% |
| 9 | Csl | [CSL](https://fundology.uk/stock/CSL) | 2.95% |
| 10 | Wesfarmers | [WES](https://fundology.uk/stock/WES) | 2.81% |

## 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 | 45.9% |
| Materials | 15.2% |
| Industrials | 9.6% |
| Real Estate | 6.7% |
| Consumer Discretionary | 6.1% |
| Health Care | 4.5% |
| Utilities | 3.5% |
| Consumer Staples | 3.0% |
| Other sectors | 5.5% |

### By country

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

| Country | Weight |
|---|---|
| Australia | 63.8% |
| Hong Kong | 18.3% |
| Singapore | 16.2% |
| New Zealand | 1.8% |

The 88 holdings on record (of 91 reported): https://fundology.uk/fund/paxg/holdings

## Questions people ask

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

The ongoing charge of PAXG is 0.12% a year — about £12 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 MSCI Pacific Ex Japan. Dist- Distribution 0.12% a year. Compared on 14/11/2026, 86 of the 108 other Japan and Asia Pacific share funds charge more, 10 the same and 12 less (share classes counted once).

**What does PAXG track?**

PAXG tracks the MSCI Pacific ex JP.

**Is PAXG accumulating or distributing?**

PAXG 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 PAXG?**

The ISIN of PAXG is LU1220245556. An ISIN identifies one exact share class of a fund; PAXG is its ticker on the London Stock Exchange. The same share class is also listed as PAXJ (London Stock Exchange, US dollars) and LGQK (Xetra, euros).

**What does PAXG hold?**

As of 11/11/2026, PAXG holds 91 positions, according to its published holdings. The largest is BHP Group at 9.37% of the fund; the ten largest make up 47.9%. Its ten largest holdings are BHP Group (9.37%), Commonwealth Bank of Australia (8.53%), DBS Group (5.07%), AIA Group (4.64%), Westpac Banking (3.89%), ANZ Group (3.68%), National Australia Bank (3.67%), Oversea-Chinese Banking (3.27%), Csl (2.95%) and Wesfarmers (2.81%).

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

Calendar-year returns of PAXG in pounds (price only, income paid out not included): 2022 +0.8%, 2023 −4.2%, 2024 +2.9%, 2025 +7.3%; 2026 to 13/11/2026 +12.9%. Past performance is not a guide to future returns.

**How has PAXG done after inflation?**

Over the five years to 13/11/2026 PAXG’s total return was +40.2%, or +9.5% 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-msci-pacific-ex-japan-ucits-etf-dist/lu1220245556)
- 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.