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BEL ETF · Amundi BEL 20 UCITS ETF
The BEL Exchange Traded Fund (ETF) is provided by Amundi. It is built to track an index: Brussels Stock Exchange BEL20 Private Return Closing Index. The BEL ETF provides physical exposure, so by buying it you actually own parts of all the 20 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Today at 7:00 AM UTC
LIVE
CLOSED
This fund is part ofEurope Large and Mid Cap1M perf.+2.71%
Last price
€87.42
1M perf.
+4.53%
1M flows
+€300K
AuM
€73M
TER
0.5%
Rating
BEL
€87.42
Performance & flows
Segment for quartile rank
April 2, 2026 → July 2, 2026
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BEL
€87.03
+12.68%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +4.53%  | +12.68% | +30.61% | +71.27% | +50.45%  | +0.65% | +0.65% | +15.56% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
7/2/2026
€87.01
1D NAV change
+1.51%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
20
Inception date
7/31/2002
Jurisdiction
France
Distribution
France
Germany
Belgium
United Kingdom
Legal structure
SICAV
Base currency
EUR
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Investment strategy
The Amundi BEL 20 UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark index BEL 20 Net Return. The index tracks the performance the top 20 Belgian stocks. The index is a net total return index and, therefore, assumes that dividends paid by its constituents are reinvested in the index net of withholding taxes.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +12.68%  | +30.61% | +71.27% | +50.45% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Belgium
85.35%
Netherlands
12.97%
Luxembourg
1.68%
Sectors
Finance
35.27%
Healthcare
23.51%
Consumer Non-Cyclicals
16.14%
Non-Energy Materials
10.35%
Industrials
5.89%
Utilities
4.92%
Consumer Cyclicals
2.70%
Technology
1.22%
Diversification
Total weight of top 15 holdings out of 20
Top 15 holdings
Data as of May 31, 2026
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of June 30, 2026
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BEL
N/A
Replication quality
Calculated over 12m, as of June 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Amundi
Amundi ID Card
Number of funds
653
Total AuM
€410.4B
Expense ratio range
0.03% - 0.85%
Average expense ratio
0.2331%
Top 5 funds by Amundi
| AuM | ||
|---|---|---|
MEUDN | Amundi Core Stoxx Europe 600 UCITS ETF | €20.22B |
SP5L | Amundi Core S&P 500 Swap UCITS ETF | €16.09B |
MWRD | Amundi Core MSCI World UCITS ETF | €14.07B |
GOLD | AMUNDI PHYSICAL GOLD ETC | €9.49B |
WLD | Amundi MSCI World Swap II UCITS ETF | €8.69B |
Frequently asked questions about BEL
What does Amundi BEL 20 UCITS ETF, BEL, invest in?
BEL is a Passive ETF. This ETF provides exposure to Large Cap Belgian Equities.
Which benchmark or index does BEL replicate?
BEL tracks the Brussels Stock Exchange BEL20 Private Return Closing Index - EUR, through a full replication replication method.
What is the Total Expense ratio (TER) of BEL?
BEL carries a total expense ratio (TER) of 0.5%, indicating the annual cost for holding the fund.
When was BEL launched?
BEL was introduced to the market on July 31, 2002. It trades on France, among other exchanges
Who is the ETF issuer of BEL?
Amundi BEL 20 UCITS ETF, BEL, is provided by Amundi. Learn more about Amundi here.
What is the current assets under management (AUM) of BEL?
BEL oversees €73M in assets as of July 2, 2026.
How has BEL performed lately?
Based on data from July 2, 2026, BEL returned 4.53% over the past month, 12.68% over the last three months and 15.56% year-to-date.
What are the latest inflows or outflows for BEL?
As of July 2, 2026, BEL recorded net flows of +€300K over the last month and -€3.4M year-to-date.
Does BEL distribute dividends?
BEL follows a distributing dividend policy, meaning it pays out income to investors. As of July 2, 2026, its 12-month trailing yield was 0.98%.
What are the main country or region exposures of BEL?
As of May 31, 2026, BEL has significant geographic allocations in Belgium, Netherlands and Luxembourg.
In which sector or theme does BEL invest in?
As of May 31, 2026, BEL focuses largely on Finance, Healthcare and Consumer Non-Cyclicals.
How many securities does BEL hold and how diversified is it?
As of May 31, 2026, BEL holds 20 positions in its portfolio, with 93.20% of assets concentrated in its top 15 holdings.
What are the main positions in BEL?
As of May 31, 2026, BEL top three holdings include argenx SE, Anheuser-Busch InBev NV and KBC Group NV.
What is the base currency of BEL?
The base currency of BEL is EUR.
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