ETF · Amundi
STPH Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution
ISIN LU2018762901London Stock Exchange: STPHSAS Rue la Boétie
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Distributing
- Currency hedged
Latest close
LSE£10.54
on
- Ongoing charge
- 0.35% a year
- Fund size
- £3.1m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, STPH (Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution, ISIN LU2018762901) closed at £10.54 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the three years to 13/11/2026 its total return was +1.1%, or −8.7% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.2%
- −3.7% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +1.1%
- −8.7% 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 US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution in pounds (price only, income paid out not included): 2024 +4.2%, 2025 +2.1%; 2026 to 13/11/2026 −0.6%. Returns of Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +0.6%; to 30/09/2025: +2.3%; to 30/09/2024: +3.8%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −0.6% | −3.8% | |
| to | +2.1% | −1.4% | |
| to | +4.2% | +0.7% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +0.6% | −3.0% |
| from | +2.3% | −1.7% |
| from | +3.8% | +1.1% |
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)
3.2%over 3 years
| 1 year | 3.0% |
|---|---|
| 3 years | 3.2% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since June 2023
- −2.6%
- From to
- Lowest 12-month return
- −1.7%
- 12 months to
- Highest 12-month return
- +6.9%
- 12 months to
- Below its highest weekly close since June 2023
- 1.0%
- High of , latest
In words: Volatility of Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution in pounds, annualised from weekly returns to 13/11/2026: 3.0% over 1 year, 3.2% over 3 years. Largest fall in the price of Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution since June 2023, in pounds: −2.6% from 11/04/2025 to 19/06/2026. The lowest 12-month return of Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution in pounds (price only, income paid out not included) since June 2023 was −1.7% (12 months to 26/06/2026); the highest was +6.9% (12 months to 11/04/2025). On 13/11/2026 the price of Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution was 1.0% below its highest weekly close since June 2023 (11/04/2025), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.35%
- a year
- On £10,000
- £35
- a year, roughly
- Over five years
- £174
- of £10,000, before growth
- 293 charge less
- 18 the same
- 116 charge more
Ongoing charge of Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution 0.35% a year. Compared on 14/11/2026, 116 of the 427 other corporate and other bond funds charge more, 18 the same and 293 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 US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution is an exchange-traded fund (ETF) from Amundi, launched in 2023.
It tracks the Solactive USD Daily (x7) Steepener 2-10 Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
It is a currency-hedged share class: it uses currency contracts to reduce the effect of exchange-rate moves.
Corporate & other bonds: Loans to companies and other borrowers, which usually pay more interest than government bonds in exchange for more risk.
Terms:ETFIndex fundAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- STPH
- ISIN
- LU2018762901
- Provider
- Amundi
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid monthly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.35% a year · about £35 on £10,000
- Fund size
- £3.1m
- 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
- Yes
- Price currency
- Pounds (GBP)
- Category
- Corporate & other bonds
Price chart
Over the last year, the closing price went from £10.50 on 14/11/2025 to £10.54 on 13/11/2026 (+0.4%). The lowest close shown was £10.36 on 19/06/2026 and the highest £10.63 on 30/01/2026.
One close a week. Before 17/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
179 weekly closes, from 09/06/2023 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
- 67
- 81 reported in all
- Ten largest
- 65.5%
- of the whole fund
- Effective number of holdings
- 8.3
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 28.8%
- GERMANY PPAL 0% 04Jan37
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | GERMANY PPAL 0% 04Jan37GovernmentGermany | 28.79% |
| 2 | GERMANY PPAL 0% 04Jul42GovernmentGermany | 16.03% |
| 3 | FRENCH REPUBL OAT 3.25% 25May55GovernmentFrance | 6.42% |
| 4 | BASF SE 3.75% Jun32 EMTNMaterialsGermany | 2.34% |
| 5 | ITALIAN REPUB BTPS 5.75% 01Feb33GovernmentItaly | 2.12% |
| 6 | UNICREDIT SPA VAR Sep31 EMTNFinancialsItaly | 2.11% |
| 7 | UNIONE DI BAN 1.125% Oct27FinancialsItaly | 2.02% |
| 8 | GRENKE FINANC 7.875% Apr27 EMTNFinancialsGermany | 1.91% |
| 9 | NATL AUSTRALI 2.848% Mar33 EMTNFinancialsAustralia | 1.91% |
| 10 | MEDIOBANCA SP 3.25% Nov28 EMTNFinancialsItaly | 1.89% |
As of , holdings as published
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 67 largest and what changed since .
All holdings
The fund publishes 81 holdings; the ten largest make up 65.5% of it.
Create a free account to see the full holdings list
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
Funds tracking the same index
2 funds track Solactive USD Daily (x7) Steepener 2-10 Index, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.35% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi US Curve steepening 2-10Y ETF -Acc- CapitalisationAccumulating · 0.30% a year | 0.30% | −0.4% | −2.4% | +1.3% |
| Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- DistributionThis fundDistributing · Currency hedged · 0.35% a year | 0.35% | −0.2% | +1.1% | Not reported |
As of
Solactive USD Daily (x7) Steepener 2-10 funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 127 rolling 12-month returns since June 2023, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 2 largest falls since June 2023, 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 (154 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 STPH?
The ongoing charge of STPH is 0.35% a year — about £35 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 Curve steepening 2-10Y ETF -Monthly Hedged- Distribution 0.35% a year. Compared on 14/11/2026, 116 of the 427 other corporate and other bond funds charge more, 18 the same and 293 less (share classes counted once).
What does STPH track?
STPH tracks the Solactive USD Daily (x7) Steepener 2-10 Index.
Is STPH accumulating or distributing?
STPH is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly.
What is the ISIN of STPH?
The ISIN of STPH is LU2018762901. An ISIN identifies one exact share class of a fund; STPH is its ticker on the London Stock Exchange.
What does STPH hold?
STPH 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 STPH’s returns in each of the last five years?
Calendar-year returns of STPH in pounds (price only, income paid out not included): 2024 +4.2%, 2025 +2.1%; 2026 to 13/11/2026 −0.6%. Past performance is not a guide to future returns.
How has STPH done after inflation?
Over the three years to 13/11/2026 STPH’s total return was +1.1%, or −8.7% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- IEBCiShares Core EUR Corp Bond UCITS ETF0.09% a year · £8.5bn
- SDIAiShares USD Short Duration Corp Bond UCITS ETF Unhedged USD0.20% a year · £5.0bn
- USC5State Street SPDR Bloomberg 1-5 Year U.S. Corporate Bond UCITS ETF Accum USD0.11% a year · £4.4bn
- SHYGiShares Euro High Yield Corp Bond UCITS ETF EUR0.50% a year · £4.4bn
- LQDAiShares USD Corp Bond UCITS ETF Acc0.20% a year · £4.1bn
- XBLCXtrackers II EUR Corporate Bond UCITS ETF0.09% a year · £3.9bn
- ECRPAmundi EUR Corporate Bond ESG UCITS ETF DR- Capitalisation0.19% a year · £3.6bn
- SUOEiShares Euro Corp Bond ESG SRI UCITS ETF Shs EUR0.14% a year · £3.3bn
Fund documents and methods
- Fund documents
- Fund page at Amundi (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.