# Amundi Core UK Government Bond Dist Distribution (GILS)

**Page:** https://fundology.uk/fund/gils · ISIN LU1407892592

## 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, GILS (Amundi Core UK Government Bond Dist Distribution, ISIN LU1407892592) closed at £5.02 on the London Stock Exchange. Its ongoing charge is 0.05% a year (about £5 on £10,000). Over the five years to 13/11/2026 its total return was −20.8%, or −38.2% after UK CPIH inflation.

## Summary

Multi Units Luxembourg SICAV - Amundi Core UK Government Bond Dist Distribution is an exchange-traded fund (ETF) from Amundi, launched in 2016. It tracks the Markit iBoxx GBP Gilts Mid Price TCA Net Total Return Index - GBP — UK government bonds (gilts). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.05% a year — about £5 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.

Latest close: **£5.02** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GILS |
| ISIN | LU1407892592 |
| Category | Government bonds |
| Type | ETF |
| Provider | Amundi |
| Tracks | Markit iBoxx GBP Gilts Mid Price TCA Net Total Return Index - GBP |
| Income | Distributing |
| Ongoing charge | 0.05% a year (£5 per £10,000) |
| Fund size | £1.5bn |
| Launched | 2016 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 13/10/2016 |

## 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 | -0.36% | -3.89% | income reinvested |
| 3 years | +7.67% | -2.72% | income reinvested |
| 5 years | -20.82% | -38.20% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Multi Units Luxembourg SICAV - Amundi Core UK Government Bond Dist Distribution in pounds (price only, income paid out not included): 2022 −25.5%, 2023 +1.5%, 2024 −5.9%, 2025 +1.6%; 2026 to 13/11/2026 −0.8%. Returns of Multi Units Luxembourg SICAV - Amundi Core UK Government Bond Dist Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.7%; to 30/09/2025: −3.8%; to 30/09/2024: +5.8%; to 30/09/2023: −3.4%; to 30/09/2022: −25.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -25.5% | -31.8% | Price |
| 2023 | +1.5% | -2.5% | Price |
| 2024 | -5.9% | -9.1% | Price |
| 2025 | +1.6% | -1.9% | Price |
| 2026 to 13/11/2026 | -0.8% | -4.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.81% | -5.96% |
| 3 years | 6.58% | -8.87% |
| 5 years | 9.35% | -33.04% |

## Largest fall

Volatility of Multi Units Luxembourg SICAV - Amundi Core UK Government Bond Dist Distribution in pounds, annualised from weekly returns to 13/11/2026: 6.8% over 1 year, 6.6% over 3 years, 9.4% over 5 years. Largest fall in the price of Multi Units Luxembourg SICAV - Amundi Core UK Government Bond Dist Distribution since November 2021, in pounds: −33.0% from 03/12/2021 to 14/10/2022. The lowest 12-month return of Multi Units Luxembourg SICAV - Amundi Core UK Government Bond Dist Distribution in pounds (price only, income paid out not included) since January 2021 was −29.3% (12 months to 14/10/2022); the highest was +7.4% (12 months to 16/08/2024). On 13/11/2026 the price of Multi Units Luxembourg SICAV - Amundi Core UK Government Bond Dist Distribution was 31.0% below its highest weekly close since November 2021 (03/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of Multi Units Luxembourg SICAV - Amundi Core UK Government Bond Dist Distribution 0.05% a year. Compared on 14/11/2026, 299 of the 311 other government bond funds charge more, 12 the same and 0 less (share classes counted once).

## Funds tracking the same index

2 funds track Markit iBoxx GBP Gilts Mid Price TCA Net Total Return Index - GBP, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.07% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Multi Units Luxembourg SICAV - Amundi Core UK Government Bond Capitalisation UCITS ETF Hedged | 0.07% | — | — | — |
| Multi Units Luxembourg SICAV - Amundi Core UK Government Bond Dist Distribution (this fund) | 0.05% | -0.4% | +7.7% | -20.8% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.05%** 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, GILS holds 71 positions, according to its published holdings. The largest is UNITED KINGDO TSY 4.375% 07Mar28 at 2.55% of the fund; the ten largest make up 23.2%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | UNITED KINGDO TSY 4.375% 07Mar28 | — | 2.55% |
| 2 | UNITED KINGDO TSY 4.75% 07Dec30 | — | 2.52% |
| 3 | UNITED KINGDO TSY 4.25% 07Jun32 | — | 2.45% |
| 4 | UNITED KINGDO TSY 4.375% 07Mar30 | — | 2.42% |
| 5 | UNITED KINGDO TSY 4% 22May29 | — | 2.26% |
| 6 | UNITED KINGDO TSY 4.875% 31Jul36 | — | 2.26% |
| 7 | UNITED KINGDO TSY 1.25% 22Jul27 | — | 2.23% |
| 8 | UNITED KINGDO TSY 4.75% 22Oct35 | — | 2.20% |
| 9 | UNITED KINGDO TSY 0.125% 31Jan28 | — | 2.17% |
| 10 | UNITED KINGDO TSY 0.875% 22Oct29 | — | 2.15% |

The 70 holdings on record (of 71 reported): https://fundology.uk/fund/gils/holdings

## Questions people ask

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

The ongoing charge of GILS is 0.05% a year — about £5 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 Multi Units Luxembourg SICAV - Amundi Core UK Government Bond Dist Distribution 0.05% a year. Compared on 14/11/2026, 299 of the 311 other government bond funds charge more, 12 the same and 0 less (share classes counted once).

**What does GILS track?**

GILS tracks the Markit iBoxx GBP Gilts Mid Price TCA Net Total Return Index - GBP — UK government bonds (gilts).

**Is GILS accumulating or distributing?**

GILS 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 GILS?**

The ISIN of GILS is LU1407892592. An ISIN identifies one exact share class of a fund; GILS is its ticker on the London Stock Exchange.

**What does GILS hold?**

As of 11/11/2026, GILS holds 71 positions, according to its published holdings. The largest is UNITED KINGDO TSY 4.375% 07Mar28 at 2.55% of the fund; the ten largest make up 23.2%. Its ten largest holdings are UNITED KINGDO TSY 4.375% 07Mar28 (2.55%), UNITED KINGDO TSY 4.75% 07Dec30 (2.52%), UNITED KINGDO TSY 4.25% 07Jun32 (2.45%), UNITED KINGDO TSY 4.375% 07Mar30 (2.42%), UNITED KINGDO TSY 4% 22May29 (2.26%), UNITED KINGDO TSY 4.875% 31Jul36 (2.26%), UNITED KINGDO TSY 1.25% 22Jul27 (2.23%), UNITED KINGDO TSY 4.75% 22Oct35 (2.20%), UNITED KINGDO TSY 0.125% 31Jan28 (2.17%) and UNITED KINGDO TSY 0.875% 22Oct29 (2.15%).

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

Calendar-year returns of GILS in pounds (price only, income paid out not included): 2022 −25.5%, 2023 +1.5%, 2024 −5.9%, 2025 +1.6%; 2026 to 13/11/2026 −0.8%. Past performance is not a guide to future returns.

**How has GILS done after inflation?**

Over the five years to 13/11/2026 GILS’s total return was −20.8%, or −38.2% 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-core-uk-government-bond-ucits-etf-dist/lu1407892592)
- 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.