# Amundi Global Gov Inflation-Linked Bond 1-10y UCITS ETF (GISG) **Page:** https://fundology.uk/fund/gisg · ISIN LU1910940425 ## 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, GISG (Amundi Global Gov Inflation-Linked Bond 1-10y UCITS ETF, ISIN LU1910940425) closed at £10.90 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 13/11/2026 its total return was +6.9%, or −16.6% after UK CPIH inflation. ## Summary Amundi Global Gov Inflation-Linked Bond 1-10y UCITS ETF is an exchange-traded fund (ETF) from Amundi, launched in 2019. It tracks the Bloomberg Barclays Global Inflation-Linked 1-10 Year Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.2% a year — about £20 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: **£10.90** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | GISG | | ISIN | LU1910940425 | | Category | Government bonds | | Type | ETF | | Provider | Amundi | | Tracks | Bloomberg Barclays Global Inflation-Linked 1-10 Year Index | | Income | Distributing | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £47.5m | | Launched | 2019 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2020 | ## 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 | +1.11% | -2.47% | income reinvested | | 3 years | +12.71% | +1.83% | income reinvested | | 5 years | +6.87% | -16.58% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi Global Gov Inflation-Linked Bond 1-10y UCITS ETF in pounds (price only, income paid out not included): 2022 −6.2%, 2023 +3.8%, 2024 +1.8%, 2025 +4.5%; 2026 to 13/11/2026 +1.1%. Returns of Amundi Global Gov Inflation-Linked Bond 1-10y UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −0.4%; to 30/09/2025: +3.1%; to 30/09/2024: +6.7%; to 30/09/2023: +2.3%; to 30/09/2022: −6.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -6.2% | -14.1% | Price | | 2023 | +3.8% | -0.4% | Price | | 2024 | +1.8% | -1.7% | Price | | 2025 | +4.5% | +0.9% | Price | | 2026 to 13/11/2026 | +1.1% | -2.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 2.78% | -1.85% | | 3 years | 3.00% | -2.39% | | 5 years | 4.10% | -9.76% | ## Largest fall Volatility of Amundi Global Gov Inflation-Linked Bond 1-10y UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 2.8% over 1 year, 3.0% over 3 years, 4.1% over 5 years. Largest fall in the price of Amundi Global Gov Inflation-Linked Bond 1-10y UCITS ETF since November 2021, in pounds: −9.8% from 04/03/2022 to 14/10/2022. The lowest 12-month return of Amundi Global Gov Inflation-Linked Bond 1-10y UCITS ETF in pounds (price only, income paid out not included) since April 2021 was −7.4% (12 months to 03/03/2023); the highest was +7.6% (12 months to 04/10/2024). On 13/11/2026 the price of Amundi Global Gov Inflation-Linked Bond 1-10y UCITS ETF was 1.4% below its highest weekly close since November 2021 (01/05/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi Global Gov Inflation-Linked Bond 1-10y UCITS ETF 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 less (share classes counted once). ## Funds tracking the same index 2 funds track Bloomberg Barclays Global Inflation-Linked 1-10 Year Index, this one included and share classes counted once; their ongoing charges range from 0.09% to 0.20% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Global Gov Inflation-Linked Bond 1-10y UCITS ETF (this fund) | 0.20% | +1.1% | +12.7% | +6.9% | | Amundi Global Government Inflation Linked Bond 1-10Y -USD- Distribution | 0.09% | -0.7% | +5.3% | +5.3% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** 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, GISG holds 88 positions, according to its published holdings. The largest is UNITED ST TSY 1.875% 15Jul35 at 2.62% of the fund; the ten largest make up 23.6%. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | UNITED ST TSY 1.875% 15Jul35 | — | 2.62% | | 2 | UNITED ST TSY 2.125% 15Jan35 | — | 2.60% | | 3 | UNITED ST TSY 1.875% 15Jan36 | — | 2.59% | | 4 | UNITED ST TSY 1.875% 15Jul34 | — | 2.45% | | 5 | UNITED ST TSY 1.75% 15Jan34 | — | 2.35% | | 6 | UNITED ST TSY 1.125% 15Oct30 | — | 2.24% | | 7 | UNITED ST TSY 1.25% 15Apr31 | — | 2.21% | | 8 | UNITED ST TSY 1.125% 15Jan33 | — | 2.20% | | 9 | UNITED ST TSY 1.625% 15Apr30 | — | 2.20% | | 10 | UNITED ST TSY 1.375% 15Jul33 | — | 2.18% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By country As published for the fund, as of 04/11/2026. | Country | Weight | |---|---| | United States | 55.5% | | United Kingdom | 15.0% | | France | 9.6% | | Italy | 8.1% | | Spain | 4.0% | | Japan | 2.5% | | Germany | 2.2% | | Australia | 1.3% | | Other countries | 1.9% | The 87 holdings on record (of 88 reported): https://fundology.uk/fund/gisg/holdings ## Questions people ask **What is the ongoing charge of GISG?** The ongoing charge of GISG is 0.20% a year — about £20 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 Gov Inflation-Linked Bond 1-10y UCITS ETF 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 less (share classes counted once). **What does GISG track?** GISG tracks the Bloomberg Barclays Global Inflation-Linked 1-10 Year Index. **Is GISG accumulating or distributing?** GISG 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 GISG?** The ISIN of GISG is LU1910940425. An ISIN identifies one exact share class of a fund; GISG is its ticker on the London Stock Exchange. **What does GISG hold?** As of 11/11/2026, GISG holds 88 positions, according to its published holdings. The largest is UNITED ST TSY 1.875% 15Jul35 at 2.62% of the fund; the ten largest make up 23.6%. Its ten largest holdings are UNITED ST TSY 1.875% 15Jul35 (2.62%), UNITED ST TSY 2.125% 15Jan35 (2.60%), UNITED ST TSY 1.875% 15Jan36 (2.59%), UNITED ST TSY 1.875% 15Jul34 (2.45%), UNITED ST TSY 1.75% 15Jan34 (2.35%), UNITED ST TSY 1.125% 15Oct30 (2.24%), UNITED ST TSY 1.25% 15Apr31 (2.21%), UNITED ST TSY 1.125% 15Jan33 (2.20%), UNITED ST TSY 1.625% 15Apr30 (2.20%) and UNITED ST TSY 1.375% 15Jul33 (2.18%). **What were GISG’s returns in each of the last five years?** Calendar-year returns of GISG in pounds (price only, income paid out not included): 2022 −6.2%, 2023 +3.8%, 2024 +1.8%, 2025 +4.5%; 2026 to 13/11/2026 +1.1%. Past performance is not a guide to future returns. **How has GISG done after inflation?** Over the five years to 13/11/2026 GISG’s total return was +6.9%, or −16.6% 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-government-inflationlinked-bond-110y-ucits-etf-gbp-hedged-dist/lu1910940425) - 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.