Amundi S&P World Materials Screened UCITS ETF Acc

What this fund is

Amundi S&P World Materials Screened UCITS ETF Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker WELI (ISIN IE000FCGBU62). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. At its core it is a focused, thematic fund: it concentrates on the materials part of the market, so it lives or dies by that one area rather than the economy as a whole. Underneath, 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. It follows the S&P World Materials Weighted & Screened Index index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include LINDE PLC, BHP GROUP LTD and AIR LIQUIDE SA.

It holds around 83 positions (the ten largest ≈ 49.8%), spreading risk so no single holding decides your outcome. By geography it is weighted towards ~38.5% United States, ~16.1% Canada and ~14.7% Australia. Its heaviest sectors are ~100% Materials. A focused fund like this is typically held as a smaller 'satellite' position around a broader core — a way to lean into one theme, not usually a portfolio's only holding. Its ongoing charge (TER) is 0.18% a year — about €18 a year on a €10,000 holding, taken automatically from the fund.

Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything. 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 29.8% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2022. 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.)