# Amundi Euro Government Bond 15+Y UCITS ETF Acc (0HE5)

**Page:** https://fundology.uk/fund/0he5 · ISIN LU1287023268

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, 0HE5 (Amundi Euro Government Bond 15+Y UCITS ETF Acc, ISIN LU1287023268) closed at €165.41 on the London Stock Exchange. Its ongoing charge is 0.16% a year (about £16 on £10,000). Over the five years to 13/11/2026 its total return was −40.2%, or −53.3% after UK CPIH inflation.

## Summary

Amundi Euro Government Bond 15+Y UCITS ETF Acc is an exchange-traded fund (ETF) from Amundi, launched in 2007. It tracks the Bloomberg Euro Treasury 50bn 15+ Year Bond Index - EUR - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.16% a year — about £16 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.

Latest close: **€165.41** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 0HE5 |
| ISIN | LU1287023268 |
| Category | Government bonds |
| Type | ETF |
| Provider | Amundi |
| Tracks | Bloomberg Euro Treasury 50bn 15+ Year Bond Index - EUR - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.16% a year (£16 per £10,000) |
| Fund size | £287m |
| Launched | 2007 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 21/07/2016 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -11.85% | -14.97% | income reinvested |
| 3 years | -5.67% | -14.78% | income reinvested |
| 5 years | -40.21% | -53.33% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Amundi Euro Government Bond 15+Y UCITS ETF Acc in pounds (price, with income reinvested in the fund): 2025 −1.7%; 2026 to 13/11/2026 −8.8%. Returns of Amundi Euro Government Bond 15+Y UCITS ETF Acc in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −9.6%; to 30/09/2025: −2.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2025 | -1.7% | -5.0% | Price |
| 2026 to 13/11/2026 | -8.8% | -11.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 8.14% | -12.93% |
| 3 years | 12.68% | -17.34% |

## Largest fall

Volatility of Amundi Euro Government Bond 15+Y UCITS ETF Acc in pounds, annualised from weekly returns to 13/11/2026: 8.1% over 1 year, 12.7% over 3 years. The lowest 12-month return of Amundi Euro Government Bond 15+Y UCITS ETF Acc in pounds (price, with income reinvested in the fund) since May 2024 was −12.5% (12 months to 30/10/2026); the highest was +4.9% (12 months to 13/03/2026).

## Charges compared with similar funds

Ongoing charge of Amundi Euro Government Bond 15+Y UCITS ETF Acc 0.16% a year. Compared on 14/11/2026, 106 of the 311 other government bond funds charge more, 10 the same and 195 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.16%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 11/11/2026, 0HE5 holds 104 positions, according to its published holdings. The largest is FEDERAL REPUB BRD 2.9% 15Aug56 at 2.69% of the fund; the ten largest make up 21.9%.

### Top holdings

Largest positions (as of 11/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | FEDERAL REPUB BRD 2.9% 15Aug56 | — | 2.69% |
| 2 | GERMANY BRD 2.5% 15Aug46 | — | 2.63% |
| 3 | GERMANY BRD 2.5% 04Jul44 | — | 2.49% |
| 4 | GERMANY BRD 1.25% 15Aug48 | — | 2.34% |
| 5 | FEDERAL REPUB BRD 1.8% 15Aug53 (DE0001102614) | — | 2.10% |
| 6 | FRANCE OAT 3.25% 25May45 | — | 2.10% |
| 7 | FEDERAL REPUB BRD 2.5% 15Aug54 | — | 2.02% |
| 8 | FRENCH REPUBL OAT 3.6% 25May42 | — | 1.88% |
| 9 | GERMANY BRD 3.25% 04Jul42 | — | 1.87% |
| 10 | NETHERLANDS 3.75% 15Jan42 | — | 1.78% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By country

As published for the fund, as of 04/11/2026.

| Country | Weight |
|---|---|
| France | 24.0% |
| Germany | 21.6% |
| Italy | 16.3% |
| Spain | 13.2% |
| Netherlands | 7.8% |
| Belgium | 6.2% |
| Austria | 4.8% |
| Portugal | 2.1% |
| Other countries | 4.0% |

The 103 holdings on record (of 104 reported): https://fundology.uk/fund/0he5/holdings

## Questions people ask

**What is the ongoing charge of 0HE5?**

The ongoing charge of 0HE5 is 0.16% a year — about £16 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 Government Bond 15+Y UCITS ETF Acc 0.16% a year. Compared on 14/11/2026, 106 of the 311 other government bond funds charge more, 10 the same and 195 less (share classes counted once).

**What does 0HE5 track?**

0HE5 tracks the Bloomberg Euro Treasury 50bn 15+ Year Bond Index - EUR - Benchmark TR Net.

**Is 0HE5 accumulating or distributing?**

0HE5 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 0HE5?**

The ISIN of 0HE5 is LU1287023268. An ISIN identifies one exact share class of a fund; 0HE5 is its ticker on the London Stock Exchange.

**What does 0HE5 hold?**

As of 11/11/2026, 0HE5 holds 104 positions, according to its published holdings. The largest is FEDERAL REPUB BRD 2.9% 15Aug56 at 2.69% of the fund; the ten largest make up 21.9%. Its ten largest holdings are FEDERAL REPUB BRD 2.9% 15Aug56 (2.69%), GERMANY BRD 2.5% 15Aug46 (2.63%), GERMANY BRD 2.5% 04Jul44 (2.49%), GERMANY BRD 1.25% 15Aug48 (2.34%), FEDERAL REPUB BRD 1.8% 15Aug53 (DE0001102614) (2.10%), FRANCE OAT 3.25% 25May45 (2.10%), FEDERAL REPUB BRD 2.5% 15Aug54 (2.02%), FRENCH REPUBL OAT 3.6% 25May42 (1.88%), GERMANY BRD 3.25% 04Jul42 (1.87%) and NETHERLANDS 3.75% 15Jan42 (1.78%).

**What were 0HE5’s returns in each of the last five years?**

Calendar-year returns of 0HE5 in pounds (price, with income reinvested in the fund): 2025 −1.7%; 2026 to 13/11/2026 −8.8%. Past performance is not a guide to future returns.

**How has 0HE5 done after inflation?**

Over the five years to 13/11/2026 0HE5’s total return was −40.2%, or −53.3% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/fixed-income/amundi-euro-government-bond-15+y-ucits-etf-acc/lu1287023268)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.