# Multi Units LU Amundi Euro Government Bond 3-5Y Acc- Capitalisation (0HGZ) **Source:** https://fundology.uk/fund/0hgz · ISIN LU1650488494 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, 0HGZ (Multi Units LU Amundi Euro Government Bond 3-5Y Acc- Capitalisation, ISIN LU1650488494) closed at €149.36 on the London Stock Exchange. Its ongoing charge is 0.17% a year (about £17 on £10,000). Over the five years to 30/09/2026 its total return was −4.2%, or −25.1% after UK CPIH inflation. ## Summary Multi Units LU Amundi Euro Government Bond 3-5Y Acc- Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2004. It tracks the Bloomberg Barclays Euro Treasury 50bn 3-5 Year Bond Index. 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. Latest close: **€149.36** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 0HGZ | | ISIN | LU1650488494 | | Category | Government bonds | | Type | ETF | | Provider | Amundi | | Tracks | Bloomberg Barclays Euro Treasury 50bn 3-5 Year Bond Index | | Income | Accumulating | | Ongoing charge | 0.17% a year (£17 per £10,000) | | Fund size | £1.3bn | | Launched | 2004 | | Domicile | Luxembourg | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -3.79% | -6.81% | income reinvested | | 3 years | +5.80% | -4.52% | income reinvested | | 5 years | -4.22% | -25.12% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Multi Units LU Amundi Euro Government Bond 3-5Y Acc- Capitalisation in pounds (price, with income reinvested in the fund): 2022 −4.9%, 2023 +3.1%, 2024 −2.4%, 2025 +7.3%; 2026 to 30/09/2026 −3.8%. Returns of Multi Units LU Amundi Euro Government Bond 3-5Y Acc- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −3.6%; to 30/09/2025: +7.0%; to 30/09/2024: +3.0%; to 30/09/2023: −3.1%; to 30/09/2022: −6.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -4.9% | -13.0% | Price | | 2023 | +3.1% | -1.0% | Price | | 2024 | -2.4% | -5.8% | Price | | 2025 | +7.3% | +3.7% | Price | | 2026 to 30/09/2026 | -3.8% | -6.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 4.14% | -5.40% | | 3 years | 4.49% | -5.40% | | 5 years | 5.23% | -10.71% | ## Largest fall Volatility of Multi Units LU Amundi Euro Government Bond 3-5Y Acc- Capitalisation in pounds, annualised from weekly returns to 30/09/2026: 4.1% over 1 year, 4.5% over 3 years, 5.2% over 5 years. Largest fall in the price of Multi Units LU Amundi Euro Government Bond 3-5Y Acc- Capitalisation since October 2021, in pounds: −10.7% from 01/10/2021 to 07/07/2023. The lowest 12-month return of Multi Units LU Amundi Euro Government Bond 3-5Y Acc- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −8.9% (12 months to 07/01/2022); the highest was +9.2% (12 months to 07/11/2025). On 30/09/2026 the price of Multi Units LU Amundi Euro Government Bond 3-5Y Acc- Capitalisation was 5.4% below its highest weekly close since October 2021 (14/11/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Multi Units LU Amundi Euro Government Bond 3-5Y Acc- Capitalisation 0.17% a year, as of 01/10/2026: 83 of the 274 other government bond funds charge more, 11 the same and 180 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.17%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | FRANCE OAT 2.5% 25May30 | 4.61% | | FRANCE OAT 1.5% 25May31 | 4.18% | | FRENCH REPUBL OAT 2.75% 25Feb30 | 3.89% | | FRENCH REPUBL OAT 2.7% 25Feb31 | 3.77% | | FRENCH REPUBL OAT % 25Nov30 | 3.26% | | FRENCH REPUBL OAT % 25Nov29 | 2.89% | | FEDERAL REPUB BRD % 15Aug30 | 2.56% | | ITALIAN REPUB BTPS 6% 01May31 | 2.34% | | FEDERAL REPUB BOBL 2.5% 16Apr31 | 2.30% | | ITALIAN REPUB BTPS 5.25% 01Nov29 | 2.14% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By country As published by Amundi, as of 29/09/2026. | Country | Weight | |---|---| | Italy | 25.7% | | France | 24.5% | | Germany | 21.9% | | Spain | 12.5% | | Belgium | 3.8% | | Netherlands | 3.7% | | Austria | 3.5% | | Finland | 1.6% | | Other countries | 2.8% | All 69 holdings: https://fundology.uk/fund/0hgz/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.