ETF · Amundi
0E46 Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc
ISIN LU1287023342London Stock Exchange: 0E46SAS Rue la Boétie
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE€123.59
on
- Ongoing charge
- 0.17% a year
- Fund size
- £275m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, 0E46 (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc, ISIN LU1287023342) closed at €123.59 on the London Stock Exchange. Its ongoing charge is 0.17% a year (about £17 on £10,000). Over the five years to 13/11/2026 its total return was −19.2%, or −36.9% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −7.8%
- −11.0% after inflation (UK CPIH)
- 3 years to 13/11/2026
- −2.1%
- −11.5% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −19.2%
- −36.9% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £808 on 13/11/2026 — about £631 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc in pounds (price, with income reinvested in the fund): 2022 −16.7%, 2023 +3.0%, 2024 −4.4%, 2025 +3.8%; 2026 to 13/11/2026 −5.9%. Returns of Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −5.4%; to 30/09/2025: +3.4%; to 30/09/2024: +3.6%; to 30/09/2023: −5.6%; to 30/09/2022: −17.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −5.9% | −8.9% | |
| to | +3.8% | +0.3% | |
| to | −4.4% | −7.7% | |
| +3.0% | −1.1% | ||
| −16.7% | −23.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −5.4% | −8.7% |
| from | +3.4% | −0.7% |
| from | +3.6% | +0.9% |
| from | −5.6% | −11.2% |
| from | −17.0% | −23.7% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
8.5%over 5 years
| 1 year | 6.0% |
|---|---|
| 3 years | 6.0% |
| 5 years | 8.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −21.7%
- From to
- Lowest 12-month return
- −18.4%
- 12 months to
- Highest 12-month return
- +6.5%
- 12 months to
- Below its highest weekly close since November 2021
- 21.1%
- High of , latest
In words: Volatility of Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc in pounds, annualised from weekly returns to 13/11/2026: 6.0% over 1 year, 6.0% over 3 years, 8.5% over 5 years. Largest fall in the price of Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc since November 2021, in pounds: −21.7% from 10/12/2021 to 06/10/2023. The lowest 12-month return of Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc in pounds (price, with income reinvested in the fund) since January 2021 was −18.4% (12 months to 04/11/2022); the highest was +6.5% (12 months to 07/11/2025). On 13/11/2026 the price of Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc was 21.1% below its highest weekly close since November 2021 (10/12/2021), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.17%
- a year
- On £10,000
- £17
- a year, roughly
- Over five years
- £85
- of £10,000, before growth
- 206 charge less
- 7 the same
- 98 charge more
Ongoing charge of Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc 0.17% a year. Compared on 14/11/2026, 98 of the 311 other government bond funds charge more, 7 the same and 206 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc is an exchange-traded fund (ETF) from Amundi, launched in 2009.
It tracks the FTSE Eurozone Mid Price Highest Rated Macro-Weighted Government Bond.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.17% a year — about £17 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- 0E46
- ISIN
- LU1287023342
- Also listed as
- LYXA (Xetra, euros)
- Provider
- Amundi
- Tracks
- FTSE Eurozone Mid Price Highest Rated Macro-Weighted Government Bond
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.17% a year · about £17 on £10,000
- Fund size
- £275m
- Launched
- Domicile
- Luxembourg
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- EUR
- Category
- Government bonds
Price chart
Over the last year, the closing price went from €127.37 on 14/11/2025 to €123.59 on 13/11/2026 (−3.0%). The lowest close shown was €122.36 on 25/09/2026 and the highest €128.21 on 27/02/2026.
One close a week. Before 06/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
243 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 200
- 201 reported in all
- Ten largest
- 11.3%
- of the whole fund
- Effective number of holdings
- 138
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 1.4%
- FEDERAL REPUB BRD 2.9% 15Feb36
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | FEDERAL REPUB BRD 2.9% 15Feb36GovernmentGermany | 1.39% |
| 2 | FEDERAL REPUB BRD 2.3% 15Feb33 (DE000BU2Z007)GovernmentGermany | 1.22% |
| 3 | FEDERAL REPUB BOBL 2.5% 16Apr31GovernmentGermany | 1.18% |
| 4 | FEDERAL REPUB BRD 2.5% 15Feb35 (DE000BU2Z049)GovernmentGermany | 1.11% |
| 5 | FEDERAL REPUB BRD 2.6% 15Aug34GovernmentGermany | 1.11% |
| 6 | FEDERAL REPUB BRD 2.2% 15Feb34GovernmentGermany | 1.09% |
| 7 | FEDERAL REPUB BRD 2.9% 15Aug56GovernmentGermany | 1.06% |
| 8 | FEDERAL REPUB BRD 2.6% 15Aug35GovernmentGermany | 1.05% |
| 9 | GERMANY BRD 4% 04Jan37GovernmentGermany | 1.05% |
| 10 | FEDERAL REPUB BOBL 2.4% 18Apr30GovernmentGermany | 1.04% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- Germany50.9%
- France27.2%
- Netherlands13.8%
- Austria5.3%
- Finland2.9%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 201 holdings; the ten largest make up 11.3% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 225 rolling 12-month returns since January 2021, and of 130 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since November 2021, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (139 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of 0E46?
The ongoing charge of 0E46 is 0.17% a year — about £17 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc 0.17% a year. Compared on 14/11/2026, 98 of the 311 other government bond funds charge more, 7 the same and 206 less (share classes counted once).
What does 0E46 track?
0E46 tracks the FTSE Eurozone Mid Price Highest Rated Macro-Weighted Government Bond.
Is 0E46 accumulating or distributing?
0E46 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of 0E46?
The ISIN of 0E46 is LU1287023342. An ISIN identifies one exact share class of a fund; 0E46 is its ticker on the London Stock Exchange. The same share class is also listed as LYXA (Xetra, euros).
What does 0E46 hold?
As of 11/11/2026, 0E46 holds 201 positions, according to its published holdings. The largest is FEDERAL REPUB BRD 2.9% 15Feb36 at 1.39% of the fund; the ten largest make up 11.3%. Its ten largest holdings are FEDERAL REPUB BRD 2.9% 15Feb36 (1.39%), FEDERAL REPUB BRD 2.3% 15Feb33 (DE000BU2Z007) (1.22%), FEDERAL REPUB BOBL 2.5% 16Apr31 (1.18%), FEDERAL REPUB BRD 2.5% 15Feb35 (DE000BU2Z049) (1.11%), FEDERAL REPUB BRD 2.6% 15Aug34 (1.11%), FEDERAL REPUB BRD 2.2% 15Feb34 (1.09%), FEDERAL REPUB BRD 2.9% 15Aug56 (1.06%), FEDERAL REPUB BRD 2.6% 15Aug35 (1.05%), GERMANY BRD 4% 04Jan37 (1.05%) and FEDERAL REPUB BOBL 2.4% 18Apr30 (1.04%).
What were 0E46’s returns in each of the last five years?
Calendar-year returns of 0E46 in pounds (price, with income reinvested in the fund): 2022 −16.7%, 2023 +3.0%, 2024 −4.4%, 2025 +3.8%; 2026 to 13/11/2026 −5.9%. Past performance is not a guide to future returns.
How has 0E46 done after inflation?
Over the five years to 13/11/2026 0E46’s total return was −19.2%, or −36.9% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at Amundi (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.