# Multi Units LU - Amundi Fed Funds US Dollar Cash (FEDG) **Source:** https://fundology.uk/fund/fedg · ISIN LU1233598447 · 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, FEDG (Multi Units LU - Amundi Fed Funds US Dollar Cash, ISIN LU1233598447) closed at £95.66 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 30/09/2026 its total return was +23.1%, or −3.7% after UK CPIH inflation. ## Summary Multi Units LU - Amundi Fed Funds US Dollar Cash is an exchange-traded fund (ETF) from Amundi, launched in 2015. It tracks the Solactive Fed Funds Effective Rate 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. Latest close: **£95.66** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | FEDG | | ISIN | LU1233598447 | | Category | Cash-like & short-term | | Type | ETF | | Provider | Amundi | | Tracks | Solactive Fed Funds Effective Rate Index | | Income | Accumulating | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £73.7m | | Launched | 2015 | | 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 | +5.29% | +1.99% | income reinvested | | 3 years | +5.29% | -4.99% | income reinvested | | 5 years | +23.13% | -3.75% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Multi Units LU - Amundi Fed Funds US Dollar Cash in pounds (price, with income reinvested in the fund): 2022 +13.7%, 2023 −0.6%, 2024 +6.5%, 2025 −3.0%; 2026 to 30/09/2026 +4.6%. Returns of Multi Units LU - Amundi Fed Funds US Dollar Cash in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +4.8%; to 30/09/2025: +4.3%; to 30/09/2024: −4.0%; to 30/09/2023: −4.4%; to 30/09/2022: +23.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +13.7% | +4.1% | Price | | 2023 | -0.6% | -4.6% | Price | | 2024 | +6.5% | +2.9% | Price | | 2025 | -3.0% | -6.3% | Price | | 2026 to 30/09/2026 | +4.6% | +1.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.87% | -3.91% | | 3 years | 6.57% | -9.43% | | 5 years | 7.67% | -13.67% | ## Largest fall Volatility of Multi Units LU - Amundi Fed Funds US Dollar Cash in pounds, annualised from weekly returns to 30/09/2026: 5.9% over 1 year, 6.6% over 3 years, 7.7% over 5 years. Largest fall in the price of Multi Units LU - Amundi Fed Funds US Dollar Cash since October 2021, in pounds: −13.7% from 23/09/2022 to 14/07/2023. The lowest 12-month return of Multi Units LU - Amundi Fed Funds US Dollar Cash in pounds (price, with income reinvested in the fund) since January 2021 was −6.7% (12 months to 22/09/2023); the highest was +25.8% (12 months to 23/09/2022). On 30/09/2026 the price of Multi Units LU - Amundi Fed Funds US Dollar Cash was 1.9% below its highest weekly close since October 2021 (17/01/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Multi Units LU - Amundi Fed Funds US Dollar Cash 0.10% a year, as of 01/10/2026: 10 of the 30 other cash-like and short-term funds charge more, 13 the same and 7 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | FRENCH REPUBL OAT 0.1% 01Mar32 | 17.97% | | FRENCH REPUBL OAT 3.2% 25May35 | 8.42% | | FRENCH REPUBL OAT 3% 25Nov34 | 4.05% | | GERMANY 0% 04Jul27 | 3.91% | | GERMANY PPAL 0% 04Jul44 | 2.78% | | GERMANY PPAL 0% 04Jan37 | 2.73% | | NETHERLANDS 0% 15Jan27 | 2.63% | | FRANCE OAT 1.85% 25Jul27 | 2.40% | | MAGNUM ICC FI 3.25% Nov31 EMTN | 2.30% | | ARGENTA SPBNK 2.5% Oct27 | 2.28% | ## 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 sector As published by Amundi, as of 29/09/2026. | Sector | Weight | |---|---| | Government | 64.0% | | Financials | 16.5% | | Consumer Discretionary | 6.5% | | Consumer Staples | 3.3% | | Utilities | 2.1% | | Health Care | 2.0% | | Communication Services | 1.9% | | Industrials | 1.3% | | Other sectors | 2.3% | ### By country As published by Amundi, as of 29/09/2026. | Country | Weight | |---|---| | France | 46.9% | | Germany | 21.3% | | Netherlands | 7.5% | | Spain | 3.8% | | Belgium | 3.6% | | United States | 3.5% | | Italy | 3.0% | | Norway | 2.2% | | Other countries | 8.3% | All 178 holdings: https://fundology.uk/fund/fedg/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.