Amundi US Tech 100 Equal Weight UCITS ETF DR - USD

What this fund is

Amundi US Tech 100 Equal Weight UCITS ETF DR - USD is an exchange-traded fund (ETF) from Amundi, traded under the ticker UTEC (ISIN IE000Y9MG996). 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 information technology 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. Rather than a manager picking stocks, it simply replicates the Solactive United States Technology 100 Equal Weight Index NTR index — the passive, low-cost approach, and its largest holdings include DATADOG INC - CLASS A, MICRON TECHNOLOGY INC and ADVANCED MICRO DEVICES.

Spread across roughly 103 holdings (the ten largest ≈ 15.5%), no one position makes or breaks the fund. Geographically it leans ~94.8% United States, ~2.4% Ireland and ~1.2% Netherlands. Its heaviest sectors are ~46% Information Technology and ~11.5% Consumer Discretionary. 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 0.07% a year — about €7 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 0.62% (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 USD. Its price has swung about 26.1% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2022. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from Amundi.)