Amundi S&P 500 Screened UCITS ETF - Acc EUR Hedged

What this fund is

Amundi S&P 500 Screened UCITS ETF - Acc EUR Hedged is an exchange-traded fund (ETF) from Amundi, traded under the ticker S500H (ISIN IE00058MW3M8). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread across its target market. It follows the S&P 500 Scored & Screened+ Index (USD) NTR index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include NVIDIA CORP, MICROSOFT CORP and ALPHABET INC CL A. It holds around 322 positions (the ten largest ≈ 39.6%), spreading risk so no single holding decides your outcome.

Geographically it leans ~100% United States. Its heaviest sectors are ~35.6% Information Technology and ~13.4% Financials. It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own. Its ongoing charge (TER) is 0.28% a year — about €28 a year on a €10,000 holding, taken automatically from the fund. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash.

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in EUR. Its price has swung about 12.1% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2023. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Amundi.)