semt.018 — Statement of Investment Fund Transactions

The periodic fund-position statement. Issued by the transfer agent or distributor to the ultimate investor, this is the post-trade dashboard for fund portfolios — ISO 20022 successor of MT535 for funds.

Purpose and place in the flow

semt.018 delivers the periodic state of fund positions held by an investor or a distributor. It lists each ISIN with: unit count, market value (book value), transactions in the period (subscriptions, redemptions, reinvested dividends). Used for client reporting, portfolio valuation, tax reporting.

The statement can be complete (COMP, every position listed) or delta (DELT, moves since the previous statement). For valuation, COMP is mandatory. For transactional reconciliation, DELT is enough.

XML structure

• MsgId — Unique statement identifier.
• Pgntn (Pagination) — Page number + last-page indicator.
• StmtGnlDtls (Statement General Details) — statement metadata: number, period, frequency, type (COMP/DELT), activity.
• InvstmtAcct (Investment Account) — account concerned.
• TxOnAcct (Transaction on Account) — repeatable: for each instrument, balance + transactions.
• FinInstrmDtls/Id/ISIN — fund identifier.
• BalForAcct (Balance For Account) — current balance: Qty, BookValAmt.

Key fields

• StmtGnlDtls/StmtPrd/FrToDt — Period covered (start/end dates).
• StmtGnlDtls/Frqcy/Cd — Frequency: MNTH (monthly), QTLY (quarterly), HALY (half-yearly), YEAR.
• StmtGnlDtls/UpdTp/Cd — Type: COMP (complete), DELT (delta).
• StmtGnlDtls/ActvtyInd — true if there was activity since the previous statement.
• InvstmtAcct/Id — Investor account identifier.
• TxOnAcct/FinInstrmDtls/Id/ISIN — Fund ISIN.
• BalForAcct/Qty/Unit — Unit count held.
• BalForAcct/BookValAmt — Book value with currency.

XML example

May 2026 monthly statement from Amundi to ACME SARL: position of 1,254.326 units in Amundi Funds Global Equity, market value EUR 125,000. Statement is complete and covers 1-31 May:

<?xml version="1.0" encoding="UTF-8"?>
<Document xmlns="urn:iso:std:iso:20022:tech:xsd:semt.018.001.10">
  <StmtOfInvstmtFndTxs>
    <MsgId>
      <Id>AMUN-STMT-20260531-001</Id>
      <CreDtTm>2026-05-31T22:00:00+02:00</CreDtTm>
    </MsgId>
    <Pgntn>
      <PgNb>1</PgNb>
      <LastPgInd>true</LastPgInd>
    </Pgntn>
    <StmtGnlDtls>
      <RptNb>1</RptNb>
      <StmtDtTm>
        <Dt><Dt>2026-05-31</Dt></Dt>
      </StmtDtTm>
      <StmtPrd>
        <FrToDt>
          <FrDt>2026-05-01</FrDt>
          <ToDt>2026-05-31</ToDt>
        </FrToDt>
      </StmtPrd>
      <Frqcy>
        <Cd>MNTH</Cd>
      </Frqcy>
      <UpdTp>
        <Cd>COMP</Cd>
      </UpdTp>
      <ActvtyInd>true</ActvtyInd>
    </StmtGnlDtls>
    <InvstmtAcct>
      <Id>ACCT-ACME-12345678</Id>
      <Nm>ACME SARL — Securities Account</Nm>
    </InvstmtAcct>
    <TxOnAcct>
      <FinInstrmDtls>
        <Id>
          <ISIN>FR0010315770</ISIN>
        </Id>
        <Nm>Amundi Funds Global Equity</Nm>
      </FinInstrmDtls>
      <BalForAcct>
        <CurInd>true</CurInd>
        <BookValAmt Ccy="EUR">125000.00</BookValAmt>
        <Qty>
          <Unit>1254.326</Unit>
        </Qty>
      </BalForAcct>
    </TxOnAcct>
  </StmtOfInvstmtFndTxs>
</Document>

Common pitfalls

• semt.018 vs MT535 confusion — semt.018 targets investment funds. MT535 is broader (custody equities/bonds + funds). For fund hubs (Vestima, Fundsettle), semt.018 is preferred.
• BookValAmt currency vs fund currency — a fund may be quoted in EUR but book value reported in USD (multi-currency account). Check the Ccy attribute.
• COMP mode in bulk distribution — at a large distributor, a COMP semt.018 can reach several MB. Enable pagination via Pgntn with LastPgInd = false on intermediate pages.
• StmtPrd inconsistent with Frqcy — MNTH must cover a full month; QTLY three months. A floating period creates gaps in reporting.
• ActvtyInd false despite activity — the indicator must reflect reality. Missed activity breaks regulatory traceability (AIFM, UCITS reporting).

Related messages

• MT535 — Statement of Holdings, the legacy SWIFT MT equivalent.
• semt.017 — Statement of Transactions (transactional moves only).
• semt.002 / semt.003 — Securities Balance Custody/Accounting Report (non-fund custody).
• setr.001 — Subscription Order (underlying transaction).
• setr.010 — Redemption Order.
• reda.001 — Price Report (NAV publication, valuation basis).