# Amundi Global Corporate Bond 1-5Y ESG ETF UCITS DR Hedged Capitalisation (GCSG)

**Page:** https://fundology.uk/fund/gcsg · ISIN LU2382233182

## 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, GCSG (Amundi Global Corporate Bond 1-5Y ESG ETF UCITS DR Hedged Capitalisation, ISIN LU2382233182) closed at £55.55 on the London Stock Exchange. Its ongoing charge is 0.21% a year (about £21 on £10,000). Over the five years to 13/11/2026 its total return was +7.1%, or −16.4% after UK CPIH inflation.

## Summary

Amundi Global Corporate Bond 1-5Y ESG ETF UCITS DR Hedged Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2021. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.21% a year — about £21 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 a currency-hedged share class: it uses currency contracts to reduce the effect of exchange-rate moves.

Latest close: **£55.55** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GCSG |
| ISIN | LU2382233182 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Amundi |
| Income | Accumulating |
| Ongoing charge | 0.21% a year (£21 per £10,000) |
| Fund size | £288m |
| Launched | 2021 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/10/2020 |

## 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 | +1.46% | -2.14% | income reinvested |
| 3 years | +15.58% | +4.43% | income reinvested |
| 5 years | +7.08% | -16.42% | 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 ESG ETF UCITS DR Hedged Capitalisation in pounds (price, with income reinvested in the fund): 2022 −6.1%, 2023 +6.0%, 2024 +5.2%, 2025 +5.9%; 2026 to 13/11/2026 +0.8%. Returns of Amundi Global Corporate Bond 1-5Y ESG ETF UCITS DR Hedged Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +1.3%; to 30/09/2025: +5.5%; to 30/09/2024: +9.1%; to 30/09/2023: +4.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -6.1% | -14.0% | Price |
| 2023 | +6.0% | +1.8% | Price |
| 2024 | +5.2% | +1.6% | Price |
| 2025 | +5.9% | +2.2% | Price |
| 2026 to 13/11/2026 | +0.8% | -2.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 2.90% | -1.73% |
| 3 years | 2.90% | -1.73% |

## Largest fall

Volatility of Amundi Global Corporate Bond 1-5Y ESG ETF UCITS DR Hedged Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 2.9% over 1 year, 2.9% over 3 years. Largest fall in the price of Amundi Global Corporate Bond 1-5Y ESG ETF UCITS DR Hedged Capitalisation since November 2021, in pounds: −10.2% from 04/03/2022 to 21/10/2022. The lowest 12-month return of Amundi Global Corporate Bond 1-5Y ESG ETF UCITS DR Hedged Capitalisation in pounds (price, with income reinvested in the fund) since November 2021 was −7.2% (12 months to 03/03/2023); the highest was +9.5% (12 months to 13/09/2024). On 13/11/2026 the price of Amundi Global Corporate Bond 1-5Y ESG ETF UCITS DR Hedged Capitalisation was 0.6% below its highest weekly close since November 2021 (06/11/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Amundi Global Corporate Bond 1-5Y ESG ETF UCITS DR Hedged Capitalisation 0.21% a year. Compared on 14/11/2026, 223 of the 427 other corporate and other bond funds charge more, 1 the same and 203 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.21%** 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, GCSG holds 4,642 positions, according to its published holdings. The largest is SKYDANCE CORP 7.05% Oct31 at 0.13% of the fund; the ten largest make up 1.0%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | SKYDANCE CORP 7.05% Oct31 | — | 0.13% |
| 2 | BANK OF AMER VAR Dec28 | — | 0.12% |
| 3 | AMAZON.COM IN 4.25% Mar31 | — | 0.10% |
| 4 | ABBVIE INC 3.2% Nov29 | — | 0.09% |
| 5 | BANK OF AMER VAR Apr32 (US06051GJT76) | — | 0.09% |
| 6 | GOLDMAN SACHS VAR Jan29 | — | 0.09% |
| 7 | JPMORGAN CHAS VAR Feb32 | — | 0.09% |
| 8 | MORGAN STANLE 3.591% Jul28 | — | 0.09% |
| 9 | NTT FINANCE 0.967% Jun29 | — | 0.09% |
| 10 | NVIDIA CORP 4.5% Jun31 | — | 0.09% |

## 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 | 58.3% |
| Consumer Discretionary | 8.3% |
| Health Care | 7.3% |
| Information Technology | 6.0% |
| Communication Services | 5.7% |
| Industrials | 5.4% |
| Consumer Staples | 4.5% |
| Materials | 2.6% |
| Other sectors | 1.8% |

### By country

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

| Country | Weight |
|---|---|
| United States | 46.7% |
| France | 8.2% |
| United Kingdom | 7.8% |
| Canada | 6.2% |
| Germany | 5.2% |
| Japan | 3.8% |
| Spain | 2.8% |
| Netherlands | 2.6% |
| Other countries | 16.6% |

The 4,367 holdings on record (of 4,642 reported): https://fundology.uk/fund/gcsg/holdings

## Questions people ask

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

The ongoing charge of GCSG is 0.21% a year — about £21 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 ESG ETF UCITS DR Hedged Capitalisation 0.21% a year. Compared on 14/11/2026, 223 of the 427 other corporate and other bond funds charge more, 1 the same and 203 less (share classes counted once).

**Is GCSG accumulating or distributing?**

GCSG 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 GCSG?**

The ISIN of GCSG is LU2382233182. An ISIN identifies one exact share class of a fund; GCSG is its ticker on the London Stock Exchange.

**What does GCSG hold?**

As of 11/11/2026, GCSG holds 4,642 positions, according to its published holdings. The largest is SKYDANCE CORP 7.05% Oct31 at 0.13% of the fund; the ten largest make up 1.0%. Its ten largest holdings are SKYDANCE CORP 7.05% Oct31 (0.13%), BANK OF AMER VAR Dec28 (0.12%), AMAZON.COM IN 4.25% Mar31 (0.10%), ABBVIE INC 3.2% Nov29 (0.09%), BANK OF AMER VAR Apr32 (US06051GJT76) (0.09%), GOLDMAN SACHS VAR Jan29 (0.09%), JPMORGAN CHAS VAR Feb32 (0.09%), MORGAN STANLE 3.591% Jul28 (0.09%), NTT FINANCE 0.967% Jun29 (0.09%) and NVIDIA CORP 4.5% Jun31 (0.09%).

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

Calendar-year returns of GCSG in pounds (price, with income reinvested in the fund): 2022 −6.1%, 2023 +6.0%, 2024 +5.2%, 2025 +5.9%; 2026 to 13/11/2026 +0.8%. Past performance is not a guide to future returns.

**How has GCSG done after inflation?**

Over the five years to 13/11/2026 GCSG’s total return was +7.1%, or −16.4% 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-esg-ucits-etf-hedged-gbp-acc/lu2382233182)
- 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.