Amundi S&P World Health Care Screened UCITS ETF Dist

What this fund is

Amundi S&P World Health Care Screened UCITS ETF Dist is an exchange-traded fund (ETF) from Amundi, traded under the ticker WELZ (ISIN IE000JKS50V3). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. At its core it is a focused, thematic fund: it concentrates on the health care 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 passively tracks the S&P World Health Care Weighted & Screened Index index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include ELI LILLY & CO, ABBVIE INC and ASTRAZENECA GBP.

It holds around 85 positions (the ten largest ≈ 54%), spreading risk so no single holding decides your outcome. By geography it is weighted towards ~72.6% United States, ~10.3% Switzerland and ~6.4% United Kingdom. By industry it concentrates most in ~100% Health Care. 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 paid out to you as cash (a distributing share class), and over the last year it paid out roughly 1.2% (its trailing yield). 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 26.7% over the past year — a gauge of how much the value moves, not a judgement of quality. 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.)