# Amundi Global Corporate Bond 1-5Y Highest Rated ESG Shs -UCITS ETF Hedge- Distribution (GCBH)

**Page:** https://fundology.uk/fund/gcbh · ISIN LU2780871237

## 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, GCBH (Amundi Global Corporate Bond 1-5Y Highest Rated ESG Shs -UCITS ETF Hedge- Distribution, ISIN LU2780871237) closed at £20.56 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the year to 13/11/2026 its total return was +0.9%, or −2.7% after UK CPIH inflation.

## Summary

Amundi Global Corporate Bond 1-5Y Highest Rated ESG Shs -UCITS ETF Hedge- Distribution is an exchange-traded fund (ETF) from Amundi, launched in 2024. It tracks the Bloomberg MSCI Global Corporate A+ ESG Sustainability SRI 1-5 Year Index - 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 0.18% a year — about £18 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£20.56** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GCBH |
| ISIN | LU2780871237 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Amundi |
| Tracks | Bloomberg MSCI Global Corporate A+ ESG Sustainability SRI 1-5 Year Index - Benchmark TR Net |
| Income | Distributing |
| Ongoing charge | 0.18% a year (£18 per £10,000) |
| Fund size | £1.8m |
| Launched | 2024 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/10/2023 |

## 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 | +0.88% | -2.69% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Amundi Global Corporate Bond 1-5Y Highest Rated ESG Shs -UCITS ETF Hedge- Distribution in pounds (price only, income paid out not included): 2026 to 13/11/2026 +0.8%. Returns of Amundi Global Corporate Bond 1-5Y Highest Rated ESG Shs -UCITS ETF Hedge- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +0.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | +0.8% | -2.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 2.31% | -1.53% |

## Largest fall

Volatility of Amundi Global Corporate Bond 1-5Y Highest Rated ESG Shs -UCITS ETF Hedge- Distribution in pounds, annualised from weekly returns to 13/11/2026: 2.3% over 1 year. No fall of 2% or more in the price of Amundi Global Corporate Bond 1-5Y Highest Rated ESG Shs -UCITS ETF Hedge- Distribution since July 2025, in pounds, to 13/11/2026. On 13/11/2026 the price of Amundi Global Corporate Bond 1-5Y Highest Rated ESG Shs -UCITS ETF Hedge- Distribution was 0.6% below its highest weekly close since July 2025 (06/11/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Amundi Global Corporate Bond 1-5Y Highest Rated ESG Shs -UCITS ETF Hedge- Distribution 0.18% a year. Compared on 14/11/2026, 272 of the 427 other corporate and other bond funds charge more, 10 the same and 145 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.18%** per year
- 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, GCBH holds 1,963 positions, according to its published holdings. The largest is BANK OF AMER VAR Dec28 at 0.30% of the fund; the ten largest make up 2.5%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | BANK OF AMER VAR Dec28 | — | 0.30% |
| 2 | ABBVIE INC 3.2% Nov29 | — | 0.27% |
| 3 | SALESFORCE IN 4.5% Mar28 | — | 0.25% |
| 4 | WELLS FARGO C VAR Oct30 | — | 0.25% |
| 5 | DEUTSCHE TELE 8.75% Jun30 | — | 0.24% |
| 6 | NVIDIA CORP 4.5% Jun31 | — | 0.24% |
| 7 | WELLS FARGO C VAR Jan31 | — | 0.24% |
| 8 | WELLS FARGO C VAR Feb31 | — | 0.23% |
| 9 | MORGAN STANLE VAR Jan29 (US61744YAP34) | — | 0.22% |
| 10 | PFIZER INVSTM 4.45% May28 | — | 0.22% |

## Where it invests

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

### By sector

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

| Sector | Weight |
|---|---|
| Financials | 59.5% |
| Health Care | 9.6% |
| Consumer Discretionary | 8.8% |
| Information Technology | 6.5% |
| Industrials | 5.8% |
| Consumer Staples | 5.1% |
| Communication Services | 2.4% |
| Materials | 1.2% |
| Other sectors | 1.2% |

### By country

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

| Country | Weight |
|---|---|
| United States | 53.8% |
| United Kingdom | 7.7% |
| Canada | 7.3% |
| France | 6.5% |
| Germany | 5.7% |
| Japan | 4.3% |
| Australia | 3.3% |
| Switzerland | 1.9% |
| Other countries | 9.4% |

The 1,937 holdings on record (of 1,963 reported): https://fundology.uk/fund/gcbh/holdings

## Questions people ask

**What is the ongoing charge of GCBH?**

The ongoing charge of GCBH is 0.18% a year — about £18 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 Global Corporate Bond 1-5Y Highest Rated ESG Shs -UCITS ETF Hedge- Distribution 0.18% a year. Compared on 14/11/2026, 272 of the 427 other corporate and other bond funds charge more, 10 the same and 145 less (share classes counted once).

**What does GCBH track?**

GCBH tracks the Bloomberg MSCI Global Corporate A+ ESG Sustainability SRI 1-5 Year Index - Benchmark TR Net.

**Is GCBH accumulating or distributing?**

GCBH is distributing: income is paid out to holders as cash, usually a few times a year. It pays out annual.

**What is the ISIN of GCBH?**

The ISIN of GCBH is LU2780871237. An ISIN identifies one exact share class of a fund; GCBH is its ticker on the London Stock Exchange.

**What does GCBH hold?**

As of 11/11/2026, GCBH holds 1,963 positions, according to its published holdings. The largest is BANK OF AMER VAR Dec28 at 0.30% of the fund; the ten largest make up 2.5%. Its ten largest holdings are BANK OF AMER VAR Dec28 (0.30%), ABBVIE INC 3.2% Nov29 (0.27%), SALESFORCE IN 4.5% Mar28 (0.25%), WELLS FARGO C VAR Oct30 (0.25%), DEUTSCHE TELE 8.75% Jun30 (0.24%), NVIDIA CORP 4.5% Jun31 (0.24%), WELLS FARGO C VAR Jan31 (0.24%), WELLS FARGO C VAR Feb31 (0.23%), MORGAN STANLE VAR Jan29 (US61744YAP34) (0.22%) and PFIZER INVSTM 4.45% May28 (0.22%).

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

Calendar-year returns of GCBH in pounds (price only, income paid out not included): 2026 to 13/11/2026 +0.8%. Past performance is not a guide to future returns.

**How has GCBH done after inflation?**

Over the year to 13/11/2026 GCBH’s total return was +0.9%, or −2.7% 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-global-corporate-bond-15y-highest-rated-esg-ucits-etf-gbp-hedged-dist/lu2780871237)
- 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.