# Amundi Euro Government Inflation Linked Bond -Acc- Capitalisation (MTIX) **Page:** https://fundology.uk/fund/mtix · ISIN LU1650491282 ## 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, MTIX (Amundi Euro Government Inflation Linked Bond -Acc- Capitalisation, ISIN LU1650491282) closed at £138.94 on the London Stock Exchange. Its ongoing charge is 0.09% a year (about £9 on £10,000). Over the five years to 13/11/2026 its total return was −6.3%, or −26.9% after UK CPIH inflation. ## Summary Amundi Euro Government Inflation Linked Bond -Acc- Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2017. It tracks the Bloomberg Euro Government Inflation-Linked Bond 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 0.09% a year — about £9 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: **£138.94** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | MTIX | | ISIN | LU1650491282 | | Also listed as | LYQ7 (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | Amundi | | Tracks | Bloomberg Euro Government Inflation-Linked Bond Index - EUR | | Income | Accumulating | | Ongoing charge | 0.09% a year (£9 per £10,000) | | Fund size | £1.2bn | | Launched | 2017 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 23/11/2017 | ## 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 | -6.30% | -9.62% | income reinvested | | 3 years | +0.44% | -9.26% | income reinvested | | 5 years | -6.29% | -26.85% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi Euro Government Inflation Linked Bond -Acc- Capitalisation in pounds (price, with income reinvested in the fund): 2022 −4.3%, 2023 +3.4%, 2024 −5.1%, 2025 +5.7%; 2026 to 13/11/2026 −3.8%. Returns of Amundi Euro Government Inflation Linked Bond -Acc- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.3%; to 30/09/2025: +5.0%; to 30/09/2024: +1.7%; to 30/09/2023: +0.3%; to 30/09/2022: −7.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -4.3% | -12.4% | Price | | 2023 | +3.4% | -0.7% | Price | | 2024 | -5.1% | -8.3% | Price | | 2025 | +5.7% | +2.1% | Price | | 2026 to 13/11/2026 | -3.8% | -6.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.52% | -7.44% | | 3 years | 5.30% | -7.44% | | 5 years | 7.25% | -10.74% | ## Largest fall Volatility of Amundi Euro Government Inflation Linked Bond -Acc- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 5.5% over 1 year, 5.3% over 3 years, 7.2% over 5 years. Largest fall in the price of Amundi Euro Government Inflation Linked Bond -Acc- Capitalisation since November 2021, in pounds: −10.7% from 04/03/2022 to 14/10/2022. The lowest 12-month return of Amundi Euro Government Inflation Linked Bond -Acc- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −8.5% (12 months to 14/10/2022); the highest was +9.2% (12 months to 27/02/2026). On 13/11/2026 the price of Amundi Euro Government Inflation Linked Bond -Acc- Capitalisation was 7.4% below its highest weekly close since November 2021 (27/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi Euro Government Inflation Linked Bond -Acc- Capitalisation 0.09% a year. Compared on 14/11/2026, 224 of the 311 other government bond funds charge more, 14 the same and 73 less (share classes counted once). ## Funds tracking the same index 2 funds track Bloomberg Euro Government Inflation-Linked Bond Index - EUR, this one included and share classes counted once; their ongoing charges range from 0.09% to 0.15% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Euro Government Inflation Linked Bond -Acc- Capitalisation (this fund) | 0.09% | -6.3% | +0.4% | -6.3% | | Xtrackers II Eurozone Inflation-Linked Bond UCITS ETF | 0.15% | -6.1% | +1.1% | -6.3% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.09%** 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, MTIX holds 40 positions, according to its published holdings. The largest is FRENCH REPUBL OAT IE 0.1% 01Mar29 at 4.79% of the fund; the ten largest make up 41.5%. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | FRENCH REPUBL OAT IE 0.1% 01Mar29 | — | 4.79% | | 2 | GERMANY 0.5% 15Apr30 | — | 4.70% | | 3 | FRANCE OAT 3.15% 25Jul32 | — | 4.58% | | 4 | KINGDOM OF SP IE 0.7% 30Nov33 | — | 4.37% | | 5 | SPAIN (KINGDO 1% 30Nov30 | — | 4.34% | | 6 | FRANCE OAT 1.8% 25Jul40 | — | 3.94% | | 7 | ITALIAN REPUB BTPS 2.55% 15Sep41 | — | 3.75% | | 8 | SPAIN (KINGDO 0.65% 30Nov27 | — | 3.75% | | 9 | ITALIAN REPUB BTPS 2.35% 15Sep35 | — | 3.67% | | 10 | FRANCE OAT 0.7% 25Jul30 | — | 3.57% | ## 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 11/11/2026. | Country | Weight | |---|---| | France | 40.5% | | Italy | 34.4% | | Spain | 16.0% | | Germany | 9.1% | The 39 holdings on record (of 40 reported): https://fundology.uk/fund/mtix/holdings ## Questions people ask **What is the ongoing charge of MTIX?** The ongoing charge of MTIX is 0.09% a year — about £9 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 Government Inflation Linked Bond -Acc- Capitalisation 0.09% a year. Compared on 14/11/2026, 224 of the 311 other government bond funds charge more, 14 the same and 73 less (share classes counted once). **What does MTIX track?** MTIX tracks the Bloomberg Euro Government Inflation-Linked Bond Index - EUR. **Is MTIX accumulating or distributing?** MTIX 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 MTIX?** The ISIN of MTIX is LU1650491282. An ISIN identifies one exact share class of a fund; MTIX is its ticker on the London Stock Exchange. The same share class is also listed as LYQ7 (Xetra, euros). **What does MTIX hold?** As of 11/11/2026, MTIX holds 40 positions, according to its published holdings. The largest is FRENCH REPUBL OAT IE 0.1% 01Mar29 at 4.79% of the fund; the ten largest make up 41.5%. Its ten largest holdings are FRENCH REPUBL OAT IE 0.1% 01Mar29 (4.79%), GERMANY 0.5% 15Apr30 (4.70%), FRANCE OAT 3.15% 25Jul32 (4.58%), KINGDOM OF SP IE 0.7% 30Nov33 (4.37%), SPAIN (KINGDO 1% 30Nov30 (4.34%), FRANCE OAT 1.8% 25Jul40 (3.94%), ITALIAN REPUB BTPS 2.55% 15Sep41 (3.75%), SPAIN (KINGDO 0.65% 30Nov27 (3.75%), ITALIAN REPUB BTPS 2.35% 15Sep35 (3.67%) and FRANCE OAT 0.7% 25Jul30 (3.57%). **What were MTIX’s returns in each of the last five years?** Calendar-year returns of MTIX in pounds (price, with income reinvested in the fund): 2022 −4.3%, 2023 +3.4%, 2024 −5.1%, 2025 +5.7%; 2026 to 13/11/2026 −3.8%. Past performance is not a guide to future returns. **How has MTIX done after inflation?** Over the five years to 13/11/2026 MTIX’s total return was −6.3%, or −26.9% 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-euro-government-inflationlinked-bond-ucits-etf-acc/lu1650491282) - 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.