# Amundi US Inflation Expectations 10Y ETF (INFG) **Page:** https://fundology.uk/fund/infg · ISIN LU1390062831 ## 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, INFG (Amundi US Inflation Expectations 10Y ETF, ISIN LU1390062831) closed at £107.03 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its total return was +23.1%, or −3.9% after UK CPIH inflation. ## Summary Amundi US Inflation Expectations 10Y ETF is an exchange-traded fund (ETF) from Amundi, launched in 2016. It tracks the Markit iBoxx USD Breakeven 10-Year Inflation Index - USD. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% a year — about £25 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: **£107.03** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | INFG | | ISIN | LU1390062831 | | Also listed as | INFU (London Stock Exchange, US dollars), UINF (Xetra, euros) | | Category | Corporate & other bonds | | Type | ETF | | Provider | Amundi | | Tracks | Markit iBoxx USD Breakeven 10-Year Inflation Index - USD | | Income | Accumulating | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Fund size | £122m | | Launched | 2016 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 13/04/2016 | ## 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 | +2.63% | -1.01% | income reinvested | | 3 years | +4.43% | -5.65% | income reinvested | | 5 years | +23.08% | -3.93% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi US Inflation Expectations 10Y ETF in pounds (price, with income reinvested in the fund): 2022 +14.7%, 2023 −1.1%, 2024 +9.4%, 2025 −4.9%; 2026 to 13/11/2026 +6.2%. Returns of Amundi US Inflation Expectations 10Y ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +6.0%; to 30/09/2025: +5.2%; to 30/09/2024: −5.5%; to 30/09/2023: −2.4%; to 30/09/2022: +25.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +14.7% | +5.0% | Price | | 2023 | -1.1% | -5.1% | Price | | 2024 | +9.4% | +5.7% | Price | | 2025 | -4.9% | -8.1% | Price | | 2026 to 13/11/2026 | +6.2% | +2.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.24% | -3.49% | | 3 years | 7.41% | -9.83% | | 5 years | 9.26% | -14.59% | ## Largest fall Volatility of Amundi US Inflation Expectations 10Y ETF in pounds, annualised from weekly returns to 13/11/2026: 6.2% over 1 year, 7.4% over 3 years, 9.3% over 5 years. Largest fall in the price of Amundi US Inflation Expectations 10Y ETF since November 2021, in pounds: −14.6% from 23/09/2022 to 14/07/2023. The lowest 12-month return of Amundi US Inflation Expectations 10Y ETF in pounds (price, with income reinvested in the fund) since January 2021 was −6.7% (12 months to 22/09/2023); the highest was +32.4% (12 months to 23/09/2022). On 13/11/2026 the price of Amundi US Inflation Expectations 10Y ETF was 1.5% below its highest weekly close since November 2021 (17/01/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi US Inflation Expectations 10Y ETF 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 less (share classes counted once). ## Funds tracking the same index 2 funds track Markit iBoxx USD Breakeven 10-Year Inflation Index - USD, this one included and share classes counted once; their ongoing charges range from 0.25% to 0.30% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi US Inflation Expectations 10Y ETF (this fund) | 0.25% | +2.6% | +4.4% | +23.1% | | Multi Units Luxembourg SICAV - Lyxor US 10Y Inflation Breakeven UCITS ETF -Monthly Hedged to GBP- Distribution | 0.30% | +3.4% | +12.4% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.25%** 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 INFG is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | GERMANY PPAL 0% 04Jan31 | — | 9.13% | | 2 | GERMANY PPAL 0% 04Jul34 | — | 7.59% | | 3 | GERMANY PPAL 0% 04Jan30 | — | 6.51% | | 4 | BPIFRANCE 0.625% Jul31 EMTN | — | 5.64% | | 5 | DEXIA 3.25% 07May31 EMTN | — | 5.43% | | 6 | BELGIUM 0% 22Jun29 | — | 4.37% | | 7 | BPIFRANCE 2.875% Nov29 EMTN | — | 3.56% | | 8 | EUROPEAN UNIO 2.875% 06Dec27 | — | 3.23% | | 9 | FRANCE 0% 25Apr30 | — | 2.74% | | 10 | AUSGRID FINAN 0.875% Oct31 EMTN | — | 2.36% | The 201 holdings on record (of 231 reported): https://fundology.uk/fund/infg/holdings ## Questions people ask **What is the ongoing charge of INFG?** The ongoing charge of INFG is 0.25% a year — about £25 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 US Inflation Expectations 10Y ETF 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 less (share classes counted once). **What does INFG track?** INFG tracks the Markit iBoxx USD Breakeven 10-Year Inflation Index - USD. **Is INFG accumulating or distributing?** INFG 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 INFG?** The ISIN of INFG is LU1390062831. An ISIN identifies one exact share class of a fund; INFG is its ticker on the London Stock Exchange. The same share class is also listed as INFU (London Stock Exchange, US dollars) and UINF (Xetra, euros). **What does INFG hold?** INFG is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. **What were INFG’s returns in each of the last five years?** Calendar-year returns of INFG in pounds (price, with income reinvested in the fund): 2022 +14.7%, 2023 −1.1%, 2024 +9.4%, 2025 −4.9%; 2026 to 13/11/2026 +6.2%. Past performance is not a guide to future returns. **How has INFG done after inflation?** Over the five years to 13/11/2026 INFG’s total return was +23.1%, or −3.9% 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-us-inflation-expectations-10y-ucits-etf-acc/lu1390062831) - 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.