# Amundi Core Euro Government Bond -UCITS ETF ACC- Capitalisation (MTXX) **Page:** https://fundology.uk/fund/mtxx · ISIN LU1437018598 ## 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, 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. ## Summary 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. Latest close: **£40.40** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | MTXX | | ISIN | LU1437018598 | | Also listed as | A4HC (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | Amundi | | Tracks | Bloomberg Euro Treasury 50bn Bond Index - EUR - Benchmark TR Gross | | Income | Accumulating | | Ongoing charge | 0.11% a year (£11 per £10,000) | | Fund size | £1.1bn | | Launched | 2016 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 31/10/2016 | ## 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 | -7.87% | -11.13% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2025 | +5.8% | +2.2% | Price | | 2026 to 13/11/2026 | -5.9% | -8.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.98% | -9.20% | ## Largest fall 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. ## Charges compared with similar funds 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). ## Charges & eligibility - Ongoing charges figure (OCF): **0.11%** 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, 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%. ### 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 | — | 0.91% | | 2 | FRENCH REPUBL OAT 3.5% 25Nov33 | — | 0.84% | | 3 | FRANCE OAT 1.5% 25May31 | — | 0.83% | | 4 | FRENCH REPUBL OAT 2.75% 25Feb29 | — | 0.82% | | 5 | FRANCE OAT 0.75% 25May28 | — | 0.81% | | 6 | FRENCH REPUBL OAT 2.7% 25Feb31 | — | 0.80% | | 7 | FRENCH REPUBL OAT 0.75% 25Nov28 | — | 0.77% | | 8 | FRENCH REPUBL OAT 2.75% 25Feb30 | — | 0.77% | | 9 | FRENCH REPUBL OAT 2% 25Nov32 | — | 0.73% | | 10 | FRENCH REPUBL OAT 3.5% 25Nov35 | — | 0.73% | ## 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 | 24.2% | | Italy | 22.4% | | Germany | 20.3% | | Spain | 14.6% | | Belgium | 5.1% | | Netherlands | 4.4% | | Austria | 3.7% | | Portugal | 2.0% | | Other countries | 3.3% | The 421 holdings on record (of 423 reported): https://fundology.uk/fund/mtxx/holdings ## 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. ## Fund documents - [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/fixed-income/amundi-core-euro-government-bond-ucits-etf-acc/lu1437018598) - 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.