# Amundi Euro Inflation Expectations 2-10Y UCITS ETF (INFL) **Page:** https://fundology.uk/fund/infl · ISIN LU1390062245 ## 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, INFL (Amundi Euro Inflation Expectations 2-10Y UCITS ETF, ISIN LU1390062245) closed at £101.66 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 +17.7%, or −8.2% after UK CPIH inflation. ## Summary Amundi Euro Inflation Expectations 2-10Y UCITS ETF is an exchange-traded fund (ETF) from Amundi, launched in 2016. It tracks the Markit iBoxx EUR Breakeven Euro-Inflation France & Germany Net Total Return Index - EUR. 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: **£101.66** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | INFL | | ISIN | LU1390062245 | | Also listed as | EUIN (Xetra, euros) | | Category | Corporate & other bonds | | Type | ETF | | Provider | Amundi | | Tracks | Markit iBoxx EUR Breakeven Euro-Inflation France & Germany Net Total Return Index - EUR | | Income | Accumulating | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Fund size | £174m | | 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 | -1.30% | -4.79% | income reinvested | | 3 years | +1.69% | -8.12% | income reinvested | | 5 years | +17.65% | -8.17% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi Euro Inflation Expectations 2-10Y UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +16.8%, 2023 −0.9%, 2024 −2.3%, 2025 +5.9%; 2026 to 13/11/2026 +0.1%. Returns of Amundi Euro Inflation Expectations 2-10Y UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +2.8%; to 30/09/2025: +6.8%; to 30/09/2024: −4.2%; to 30/09/2023: +4.1%; to 30/09/2022: +11.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +16.8% | +6.9% | Price | | 2023 | -0.9% | -4.9% | Price | | 2024 | -2.3% | -5.7% | Price | | 2025 | +5.9% | +2.3% | Price | | 2026 to 13/11/2026 | +0.1% | -3.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 3.99% | -4.05% | | 3 years | 4.48% | -4.76% | | 5 years | 6.20% | -6.47% | ## Largest fall Volatility of Amundi Euro Inflation Expectations 2-10Y UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 4.0% over 1 year, 4.5% over 3 years, 6.2% over 5 years. Largest fall in the price of Amundi Euro Inflation Expectations 2-10Y UCITS ETF since November 2021, in pounds: −6.5% from 03/03/2023 to 27/09/2024. The lowest 12-month return of Amundi Euro Inflation Expectations 2-10Y UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −5.0% (12 months to 18/10/2024); the highest was +16.8% (12 months to 17/02/2023). On 13/11/2026 the price of Amundi Euro Inflation Expectations 2-10Y UCITS ETF was 3.6% below its highest weekly close since November 2021 (15/05/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi Euro Inflation Expectations 2-10Y UCITS 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). ## 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 INFL 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% 04Jul42 | — | 14.95% | | 2 | AGENCE FRANCA 3.625% Sep33 EMTN | — | 11.32% | | 3 | MOLNLYCKE HLD 0.875% Sep29 EMTN | — | 5.12% | | 4 | ITALIAN REPUB BTPS 5.75% 01Feb33 | — | 5.08% | | 5 | BASF SE 3.75% Jun32 EMTN | — | 4.92% | | 6 | ITALGAS SPA 1.625% Jan29 EMTN | — | 4.63% | | 7 | AIR LIQUIDE F 0.375% Sep33 EMTN | — | 4.45% | | 8 | FRENCH REPUBL OAT IE 0.6% 25Jul34 | — | 2.80% | | 9 | ABERTIS FRANC 4.25% Mar30 EMTN | — | 2.46% | | 10 | NETHERLANDS 0% 15Jan27 | — | 2.23% | The 183 holdings on record (of 202 reported): https://fundology.uk/fund/infl/holdings ## Questions people ask **What is the ongoing charge of INFL?** The ongoing charge of INFL 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 Euro Inflation Expectations 2-10Y UCITS 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 INFL track?** INFL tracks the Markit iBoxx EUR Breakeven Euro-Inflation France & Germany Net Total Return Index - EUR. **Is INFL accumulating or distributing?** INFL 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 INFL?** The ISIN of INFL is LU1390062245. An ISIN identifies one exact share class of a fund; INFL is its ticker on the London Stock Exchange. The same share class is also listed as EUIN (Xetra, euros). **What does INFL hold?** INFL 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 INFL’s returns in each of the last five years?** Calendar-year returns of INFL in pounds (price, with income reinvested in the fund): 2022 +16.8%, 2023 −0.9%, 2024 −2.3%, 2025 +5.9%; 2026 to 13/11/2026 +0.1%. Past performance is not a guide to future returns. **How has INFL done after inflation?** Over the five years to 13/11/2026 INFL’s total return was +17.7%, or −8.2% 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-euro-inflation-expectations-210y-ucits-etf-acc/lu1390062245) - 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.