Amundi EUR Corporate Bond ESG UCITS ETF 2 DR - EUR (C)

What this fund is

Amundi EUR Corporate Bond ESG UCITS ETF 2 DR - EUR (C) is an exchange-traded fund (ETF) from Amundi, traded under the ticker TCC4 (ISIN LU1681039647). 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 lending to governments and companies in return for regular interest, which tends to be steadier than shares but grows more slowly, focused on the European market. Rather than a manager picking stocks, it simply replicates the Bloomberg MSCI ESG Euro Corporate Select Index index — the passive, low-cost approach, and its largest holdings include JPMORGAN CHAS VAR Mar30 EMTN, BANCO SANTAND 4.875% Oct31 EMTN and UBS GROUP VAR Mar29. With about 3046 holdings (the ten largest ≈ 1%), your money is diversified rather than concentrated in a handful of names.

By geography it is weighted towards ~21.6% United States, ~19.1% France and ~11.4% Germany. Its heaviest sectors are ~55.4% Financials and ~8% Consumer Discretionary. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.14% a year — about €14 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 Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in EUR. Its price has swung about 2.9% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2018. 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.)