ETF · Amundi
MTXX Amundi Core Euro Government Bond -UCITS ETF ACC- Capitalisation
ISIN LU1437018598London Stock Exchange: MTXXSAS Rue la Boétie
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£40.40
on
- Ongoing charge
- 0.11% a year
- Fund size
- £1.1bn
As of , at least 15 min delayed
At a glance
As of 13/11/2026, MTXX (Amundi Core Euro Government Bond -UCITS ETF ACC- Capitalisation, ISIN LU1437018598) closed at £40.40 on the London Stock Exchange. Its ongoing charge is 0.11% a year (about £11 on £10,000). Over the year to 13/11/2026 its total return was −7.9%, or −11.1% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −7.9%
- −11.1% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Amundi Core Euro Government Bond -UCITS ETF ACC- Capitalisation in pounds (price, with income reinvested in the fund): 2025 +5.8%; 2026 to 13/11/2026 −5.9%. Returns of Amundi Core Euro Government Bond -UCITS ETF ACC- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −4.9%; to 30/09/2025: +4.9%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −5.9% | −8.9% | |
| to | +5.8% | +2.2% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −4.9% | −8.3% |
| from | +4.9% | +0.8% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
6.0%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since April 2024
- −9.2%
- From to
- Lowest 12-month return
- −7.9%
- 12 months to
- Highest 12-month return
- +8.4%
- 12 months to
- Below its highest weekly close since April 2024
- 8.9%
- High of , latest
In words: Volatility of Amundi Core Euro Government Bond -UCITS ETF ACC- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 6.0% over 1 year. Largest fall in the price of Amundi Core Euro Government Bond -UCITS ETF ACC- Capitalisation since April 2024, in pounds: −9.2% from 27/02/2026 to 30/10/2026. The lowest 12-month return of Amundi Core Euro Government Bond -UCITS ETF ACC- Capitalisation in pounds (price, with income reinvested in the fund) since April 2024 was −7.9% (12 months to 30/10/2026); the highest was +8.4% (12 months to 27/02/2026). On 13/11/2026 the price of Amundi Core Euro Government Bond -UCITS ETF ACC- Capitalisation was 8.9% below its highest weekly close since April 2024 (27/02/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.11%
- a year
- On £10,000
- £11
- a year, roughly
- Over five years
- £55
- of £10,000, before growth
- 128 charge less
- 3 the same
- 180 charge more
Ongoing charge of Amundi Core Euro Government Bond -UCITS ETF ACC- Capitalisation 0.11% a year. Compared on 14/11/2026, 180 of the 311 other government bond funds charge more, 3 the same and 128 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Amundi Core Euro Government Bond -UCITS ETF ACC- Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2016.
It tracks the Bloomberg Euro Treasury 50bn Bond Index - EUR - 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 0.11% a year — about £11 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- MTXX
- ISIN
- LU1437018598
- Also listed as
- A4HC (Xetra, euros)
- Provider
- Amundi
- Tracks
- Bloomberg Euro Treasury 50bn Bond Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.11% a year · about £11 on £10,000
- Fund size
- £1.1bn
- Launched
- Domicile
- Luxembourg
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £43.84 on 14/11/2025 to £40.40 on 13/11/2026 (−7.8%). The lowest close shown was £40.29 on 30/10/2026 and the highest £44.37 on 27/02/2026.
One close a week. Before 12/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
131 weekly closes, from 26/04/2024 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 421
- 423 reported in all
- Ten largest
- 8.0%
- of the whole fund
- Effective number of holdings
- 291
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 0.9%
- FRANCE OAT 2.5% 25May30
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | FRANCE OAT 2.5% 25May30GovernmentFrance | 0.91% |
| 2 | FRENCH REPUBL OAT 3.5% 25Nov33GovernmentFrance | 0.84% |
| 3 | FRANCE OAT 1.5% 25May31GovernmentFrance | 0.83% |
| 4 | FRENCH REPUBL OAT 2.75% 25Feb29GovernmentFrance | 0.82% |
| 5 | FRANCE OAT 0.75% 25May28GovernmentFrance | 0.81% |
| 6 | FRENCH REPUBL OAT 2.7% 25Feb31GovernmentFrance | 0.80% |
| 7 | FRENCH REPUBL OAT 0.75% 25Nov28GovernmentFrance | 0.77% |
| 8 | FRENCH REPUBL OAT 2.75% 25Feb30GovernmentFrance | 0.77% |
| 9 | FRENCH REPUBL OAT 2% 25Nov32GovernmentFrance | 0.73% |
| 10 | FRENCH REPUBL OAT 3.5% 25Nov35GovernmentFrance | 0.73% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- France24.2%
- Italy22.4%
- Germany20.3%
- Spain14.6%
- Belgium5.1%
- Netherlands4.4%
- Austria3.7%
- Portugal2.0%
- Other countries3.3%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 423 holdings; the ten largest make up 8.0% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountRolling returns
The full range of 79 rolling 12-month returns since April 2024, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since April 2024, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (128 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of MTXX?
The ongoing charge of MTXX is 0.11% a year — about £11 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 Core Euro Government Bond -UCITS ETF ACC- Capitalisation 0.11% a year. Compared on 14/11/2026, 180 of the 311 other government bond funds charge more, 3 the same and 128 less (share classes counted once).
What does MTXX track?
MTXX tracks the Bloomberg Euro Treasury 50bn Bond Index - EUR - Benchmark TR Gross.
Is MTXX accumulating or distributing?
MTXX 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 MTXX?
The ISIN of MTXX is LU1437018598. An ISIN identifies one exact share class of a fund; MTXX is its ticker on the London Stock Exchange. The same share class is also listed as A4HC (Xetra, euros).
What does MTXX hold?
As of 11/11/2026, MTXX holds 423 positions, according to its published holdings. The largest is FRANCE OAT 2.5% 25May30 at 0.91% of the fund; the ten largest make up 8.0%. Its ten largest holdings are FRANCE OAT 2.5% 25May30 (0.91%), FRENCH REPUBL OAT 3.5% 25Nov33 (0.84%), FRANCE OAT 1.5% 25May31 (0.83%), FRENCH REPUBL OAT 2.75% 25Feb29 (0.82%), FRANCE OAT 0.75% 25May28 (0.81%), FRENCH REPUBL OAT 2.7% 25Feb31 (0.80%), FRENCH REPUBL OAT 0.75% 25Nov28 (0.77%), FRENCH REPUBL OAT 2.75% 25Feb30 (0.77%), FRENCH REPUBL OAT 2% 25Nov32 (0.73%) and FRENCH REPUBL OAT 3.5% 25Nov35 (0.73%).
What were MTXX’s returns in each of the last five years?
Calendar-year returns of MTXX in pounds (price, with income reinvested in the fund): 2025 +5.8%; 2026 to 13/11/2026 −5.9%. Past performance is not a guide to future returns.
How has MTXX done after inflation?
Over the year to 13/11/2026 MTXX’s total return was −7.9%, or −11.1% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at Amundi (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.