# Amundi Smart Overnight Return UCITS ETF C-GBP- Capitalisation (CSH2) **Page:** https://fundology.uk/fund/csh2 · ISIN LU1230136894 ## 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, CSH2 (Amundi Smart Overnight Return UCITS ETF C-GBP- Capitalisation, ISIN LU1230136894) closed at £504.20 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the three years to 13/11/2026 its total return was +15.3%, or +4.1% after UK CPIH inflation. ## Summary Amundi Smart Overnight Return UCITS ETF C-GBP- Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2015. It tracks the SONIA overnight compounded index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£504.20** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | CSH2 | | ISIN | LU1230136894 | | Category | Cash-like & short-term | | Type | ETF | | Provider | Amundi | | Tracks | SONIA overnight compounded index | | Income | Accumulating | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £2.0bn | | Launched | 2015 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 10/03/2025 | ## 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 | +4.24% | +0.55% | income reinvested | | 3 years | +15.26% | +4.13% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi Smart Overnight Return UCITS ETF C-GBP- Capitalisation in pounds (price, with income reinvested in the fund): 2022 +1.5%, 2023 +4.7%, 2024 +5.6%, 2025 +4.7%. Returns of Amundi Smart Overnight Return UCITS ETF C-GBP- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +4.2%; to 30/09/2025: +5.0%; to 30/09/2024: +5.5%; to 30/09/2023: +4.1%; to 30/09/2022: +0.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +1.5% | -7.1% | Price | | 2023 | +4.7% | +0.5% | Price | | 2024 | +5.6% | +2.0% | Price | | 2025 | +4.7% | +1.1% | Price | ## Largest fall The lowest 12-month return of Amundi Smart Overnight Return UCITS ETF C-GBP- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was +0.1% (12 months to 07/01/2022); the highest was +5.7% (12 months to 04/10/2024). ## Charges compared with similar funds Ongoing charge of Amundi Smart Overnight Return UCITS ETF C-GBP- Capitalisation 0.10% a year. Compared on 14/11/2026, 11 of the 43 other cash-like and short-term funds charge more, 14 the same and 18 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** 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 CSH2 is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 4.84% | | 2 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 3.60% | | 3 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 3.56% | | 4 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 3.43% | | 5 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 3.03% | | 6 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 2.79% | | 7 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 2.52% | | 8 | JP Morgan Chase | [JPM](https://fundology.uk/stock/JPM) | 2.12% | | 9 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 2.10% | | 10 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 2.02% | The 370 holdings on record (of 474 reported): https://fundology.uk/fund/csh2/holdings ## Questions people ask **What is the ongoing charge of CSH2?** The ongoing charge of CSH2 is 0.10% a year — about £10 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 Smart Overnight Return UCITS ETF C-GBP- Capitalisation 0.10% a year. Compared on 14/11/2026, 11 of the 43 other cash-like and short-term funds charge more, 14 the same and 18 less (share classes counted once). **What does CSH2 track?** CSH2 tracks the SONIA overnight compounded index. **Is CSH2 accumulating or distributing?** CSH2 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 CSH2?** The ISIN of CSH2 is LU1230136894. An ISIN identifies one exact share class of a fund; CSH2 is its ticker on the London Stock Exchange. **What does CSH2 hold?** CSH2 is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. **What were CSH2’s returns in each of the last five years?** Calendar-year returns of CSH2 in pounds (price, with income reinvested in the fund): 2022 +1.5%, 2023 +4.7%, 2024 +5.6%, 2025 +4.7%. Past performance is not a guide to future returns. **How has CSH2 done after inflation?** Over the three years to 13/11/2026 CSH2’s total return was +15.3%, or +4.1% 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-smart-overnight-return-ucits-etf-gbp-hedged-acc/lu1230136894) - Links checked 12/10/2026. --- 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.