# Amundi Global Treasury Bond -Ucits ETF Hedged- Distribution (GTBG) **Page:** https://fundology.uk/fund/gtbg · ISIN LU2977964027 ## 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, 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. ## Summary 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. Latest close: **£10.03** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | GTBG | | ISIN | LU2977964027 | | Category | Government bonds | | Type | ETF | | Provider | Amundi | | Tracks | Bloomberg Global Aggregate Treasuries Index - GBP - Benchmark TR Net Hedged | | Income | Distributing | | Ongoing charge | 0.14% a year (£14 per £10,000) | | Fund size | £36.2m | | Launched | 2025 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 04/03/2025 | ## 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 | -0.13% | -3.67% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | -0.1% | -3.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 3.76% | -3.12% | ## Largest fall 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. ## Charges compared with similar funds 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). ## Charges & eligibility - Ongoing charges figure (OCF): **0.14%** 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, 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%. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | PEOPLE S 1.78% 15Nov35 | — | 0.51% | | 2 | PEOPLE S REPU 3.27% 19Nov30 | — | 0.34% | | 3 | UNITED ST TSY 4.25% 15May35 | — | 0.31% | | 4 | UNITED ST TSY 3.875% 15Aug34 | — | 0.30% | | 5 | UNITED ST TSY 3.5% 31Jan28 | — | 0.29% | | 6 | UNITED ST TSY 4% 15Feb34 | — | 0.29% | | 7 | PEOPLE S 1.83% 25Aug35 | — | 0.28% | | 8 | UNITED ST TSY 4.25% 15Aug35 | — | 0.28% | | 9 | UNITED ST TSY 4.375% 15May34 | — | 0.28% | | 10 | UNITED ST TSY 3.875% 15Aug33 | — | 0.27% | ## 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 | 35.6% | | Japan | 13.4% | | China | 12.2% | | United Kingdom | 5.7% | | France | 5.2% | | Italy | 4.8% | | Germany | 4.3% | | Spain | 3.1% | | Other countries | 15.5% | The 1,673 holdings on record (of 1,783 reported): https://fundology.uk/fund/gtbg/holdings ## 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. ## Fund documents - [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/fixed-income/amundi-global-treasury-bond-ucits-etf-gbp-hedged-dist/lu2977964027) - 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.