ETF · Amundi
GTBG Amundi Global Treasury Bond -Ucits ETF Hedged- Distribution
ISIN LU2977964027London Stock Exchange: GTBGSAS Rue la Boétie
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
- GBP hedged
Latest close
LSE£10.03
on
- Ongoing charge
- 0.14% a year
- Fund size
- £36.2m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, GTBG (Amundi Global Treasury Bond -Ucits ETF Hedged- Distribution, ISIN LU2977964027) closed at £10.03 on the London Stock Exchange. Its ongoing charge is 0.14% a year (about £14 on £10,000). Over the year to 13/11/2026 its total return was −0.1%, or −3.7% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.1%
- −3.7% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Amundi Index Solution SICAV - Amundi Global Treasury Bond -Ucits ETF Hedged- Distribution in pounds (price only, income paid out not included): 2026 to 13/11/2026 −0.1%. Returns of Amundi Index Solution SICAV - Amundi Global Treasury Bond -Ucits ETF Hedged- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −0.1% | −3.3% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −2.7% | −6.2% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
3.8%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since March 2025
- −3.3%
- From to
- Below its highest weekly close since March 2025
- 2.2%
- High of , latest
In words: Volatility of Amundi Index Solution SICAV - Amundi Global Treasury Bond -Ucits ETF Hedged- Distribution in pounds, annualised from weekly returns to 13/11/2026: 3.8% over 1 year. Largest fall in the price of Amundi Index Solution SICAV - Amundi Global Treasury Bond -Ucits ETF Hedged- Distribution since March 2025, in pounds: −3.3% from 24/10/2025 to 02/10/2026. On 13/11/2026 the price of Amundi Index Solution SICAV - Amundi Global Treasury Bond -Ucits ETF Hedged- Distribution was 2.2% below its highest weekly close since March 2025 (24/10/2025), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.14%
- a year
- On £10,000
- £14
- a year, roughly
- Over five years
- £70
- of £10,000, before growth
- 161 charge less
- 4 the same
- 146 charge more
Ongoing charge of Amundi Index Solution SICAV - Amundi Global Treasury Bond -Ucits ETF Hedged- Distribution 0.14% a year. Compared on 14/11/2026, 146 of the 311 other government bond funds charge more, 4 the same and 161 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Amundi Index Solution SICAV - Amundi Global Treasury Bond -Ucits ETF Hedged- Distribution is an exchange-traded fund (ETF) from Amundi, launched in 2025.
It tracks the Bloomberg Global Aggregate Treasuries Index - GBP - Benchmark TR Net Hedged.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.14% a year — about £14 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- GTBG
- ISIN
- LU2977964027
- Provider
- Amundi
- Tracks
- Bloomberg Global Aggregate Treasuries Index - GBP - Benchmark TR Net Hedged
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.14% a year · about £14 on £10,000
- Fund size
- £36.2m
- Launched
- Domicile
- Luxembourg
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £10.22 on 14/11/2025 to £10.03 on 13/11/2026 (−1.8%). The lowest close shown was £9.93 on 02/10/2026 and the highest £10.25 on 28/11/2025.
One close a week. Before 29/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
81 weekly closes, from 21/03/2025 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 1,673
- 1,783 reported in all
- Ten largest
- 3.1%
- of the whole fund
- Effective number of holdings
- 907
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 0.5%
- PEOPLE S 1.78% 15Nov35
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | PEOPLE S 1.78% 15Nov35GovernmentChina | 0.51% |
| 2 | PEOPLE S REPU 3.27% 19Nov30GovernmentChina | 0.34% |
| 3 | UNITED ST TSY 4.25% 15May35GovernmentUnited States | 0.31% |
| 4 | UNITED ST TSY 3.875% 15Aug34GovernmentUnited States | 0.30% |
| 5 | UNITED ST TSY 3.5% 31Jan28GovernmentUnited States | 0.29% |
| 6 | UNITED ST TSY 4% 15Feb34GovernmentUnited States | 0.29% |
| 7 | PEOPLE S 1.83% 25Aug35GovernmentChina | 0.28% |
| 8 | UNITED ST TSY 4.25% 15Aug35GovernmentUnited States | 0.28% |
| 9 | UNITED ST TSY 4.375% 15May34GovernmentUnited States | 0.28% |
| 10 | UNITED ST TSY 3.875% 15Aug33GovernmentUnited States | 0.27% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- United States35.7%
- Japan13.4%
- China12.3%
- United Kingdom5.7%
- France5.2%
- Italy4.8%
- Germany4.3%
- Spain3.1%
- Other countries15.5%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 1,783 holdings; the ten largest make up 3.1% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountLargest falls and recoveries
The largest fall since March 2025, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of GTBG?
The ongoing charge of GTBG is 0.14% a year — about £14 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 Index Solution SICAV - Amundi Global Treasury Bond -Ucits ETF Hedged- Distribution 0.14% a year. Compared on 14/11/2026, 146 of the 311 other government bond funds charge more, 4 the same and 161 less (share classes counted once).
What does GTBG track?
GTBG tracks the Bloomberg Global Aggregate Treasuries Index - GBP - Benchmark TR Net Hedged.
Is GTBG accumulating or distributing?
GTBG is distributing: income is paid out to holders as cash, usually a few times a year.
What is the ISIN of GTBG?
The ISIN of GTBG is LU2977964027. An ISIN identifies one exact share class of a fund; GTBG is its ticker on the London Stock Exchange.
What does GTBG hold?
As of 11/11/2026, GTBG holds 1,783 positions, according to its published holdings. The largest is PEOPLE S 1.78% 15Nov35 at 0.51% of the fund; the ten largest make up 3.1%. Its ten largest holdings are PEOPLE S 1.78% 15Nov35 (0.51%), PEOPLE S REPU 3.27% 19Nov30 (0.34%), UNITED ST TSY 4.25% 15May35 (0.31%), UNITED ST TSY 3.875% 15Aug34 (0.30%), UNITED ST TSY 3.5% 31Jan28 (0.29%), UNITED ST TSY 4% 15Feb34 (0.29%), PEOPLE S 1.83% 25Aug35 (0.28%), UNITED ST TSY 4.25% 15Aug35 (0.28%), UNITED ST TSY 4.375% 15May34 (0.28%) and UNITED ST TSY 3.875% 15Aug33 (0.27%).
What were GTBG’s returns in each of the last five years?
Calendar-year returns of GTBG in pounds (price only, income paid out not included): 2026 to 13/11/2026 −0.1%. Past performance is not a guide to future returns.
How has GTBG done after inflation?
Over the year to 13/11/2026 GTBG’s total return was −0.1%, or −3.7% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at Amundi (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.