# Amundi Global ex-US Government Bond Capitaisation -UCITS ETF- (GXUS)

**Page:** https://fundology.uk/fund/gxus · ISIN LU3254330437

## 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, GXUS (Amundi Global ex-US Government Bond Capitaisation -UCITS ETF-, ISIN LU3254330437) closed at $4.59 on the London Stock Exchange. Its ongoing charge is 0.22% a year (about £22 on £10,000).

## Summary

Amundi Global ex-US Government Bond Capitaisation -UCITS ETF- is an exchange-traded fund (ETF) from Amundi, launched in 2026. It tracks the Bloomberg Global Treasury Large Markets DM ex US Index - Benchmark TR Gross. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.22% a year — about £22 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.

Latest close: **$4.59** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GXUS |
| ISIN | LU3254330437 |
| Category | Government bonds |
| Type | ETF |
| Provider | Amundi |
| Tracks | Bloomberg Global Treasury Large Markets DM ex US Index - Benchmark TR Gross |
| Income | Accumulating |
| Ongoing charge | 0.22% a year (£22 per £10,000) |
| Fund size | £339m |
| Launched | 2026 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 19/02/2026 |

## Charges compared with similar funds

Ongoing charge of Amundi Global ex-US Government Bond Capitaisation -UCITS ETF- 0.22% a year. Compared on 14/11/2026, 52 of the 311 other government bond funds charge more, 7 the same and 252 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.22%** 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, GXUS holds 977 positions, according to its published holdings. The largest is FRANCE OAT 2.5% 25May30 at 0.51% of the fund; the ten largest make up 4.5%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | FRANCE OAT 2.5% 25May30 | — | 0.51% |
| 2 | FRENCH REPUBL OAT 3.5% 25Nov33 | — | 0.48% |
| 3 | FRANCE OAT 0.75% 25May28 | — | 0.47% |
| 4 | FRANCE OAT 1.5% 25May31 | — | 0.47% |
| 5 | FRENCH REPUBL OAT 2.75% 25Feb29 | — | 0.47% |
| 6 | FRENCH REPUBL OAT 2.7% 25Feb31 | — | 0.44% |
| 7 | FRENCH REPUBL OAT 2.75% 25Feb30 | — | 0.44% |
| 8 | FRENCH REPUBL OAT 0.75% 25Nov28 | — | 0.43% |
| 9 | FRENCH REPUBL OAT 1.25% 25May34 | — | 0.41% |
| 10 | FRENCH REPUBL OAT 3.5% 25Nov35 | — | 0.41% |

## 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 |
|---|---|
| Japan | 19.9% |
| France | 13.5% |
| Italy | 12.5% |
| United Kingdom | 12.4% |
| Germany | 11.3% |
| Spain | 8.2% |
| Canada | 4.4% |
| Australia | 3.5% |
| Other countries | 14.2% |

The 967 holdings on record (of 977 reported): https://fundology.uk/fund/gxus/holdings

## Questions people ask

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

The ongoing charge of GXUS is 0.22% a year — about £22 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 ex-US Government Bond Capitaisation -UCITS ETF- 0.22% a year. Compared on 14/11/2026, 52 of the 311 other government bond funds charge more, 7 the same and 252 less (share classes counted once).

**What does GXUS track?**

GXUS tracks the Bloomberg Global Treasury Large Markets DM ex US Index - Benchmark TR Gross.

**Is GXUS accumulating or distributing?**

GXUS 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 GXUS?**

The ISIN of GXUS is LU3254330437. An ISIN identifies one exact share class of a fund; GXUS is its ticker on the London Stock Exchange.

**What does GXUS hold?**

As of 11/11/2026, GXUS holds 977 positions, according to its published holdings. The largest is FRANCE OAT 2.5% 25May30 at 0.51% of the fund; the ten largest make up 4.5%. Its ten largest holdings are FRANCE OAT 2.5% 25May30 (0.51%), FRENCH REPUBL OAT 3.5% 25Nov33 (0.48%), FRANCE OAT 0.75% 25May28 (0.47%), FRANCE OAT 1.5% 25May31 (0.47%), FRENCH REPUBL OAT 2.75% 25Feb29 (0.47%), FRENCH REPUBL OAT 2.7% 25Feb31 (0.44%), FRENCH REPUBL OAT 2.75% 25Feb30 (0.44%), FRENCH REPUBL OAT 0.75% 25Nov28 (0.43%), FRENCH REPUBL OAT 1.25% 25May34 (0.41%) and FRENCH REPUBL OAT 3.5% 25Nov35 (0.41%).

## Fund documents

- [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/fixed-income/amundi-global-exus-government-bond-ucits-etf-acc/lu3254330437)
- 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.