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£10.59
on
- Ongoing charge
- 0.35% a year
- Fund size
- £2.4m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, STPH (Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution, ISIN LU2018762901) closed at £10.59 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the three years to 30/09/2026 its total return was +1.8%, or −8.1% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +0.7%
- −2.4% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +1.8%
- −8.1% after inflation (UK CPIH)
Volatility and the largest fall need a longer record of this fund’s prices than we hold so far. They appear on this page once we do.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
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
- 258 charge less
- 18 the same
- 107 charge more
Ongoing charge of Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution 0.35% a year, as of 01/10/2026: 107 of the 383 other corporate and other bond funds charge more, 18 the same and 258 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
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 currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
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
- Tracks
- Solactive USD Daily (x7) Steepener 2-10 Index
- 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
- £2.4m
- Launched
- Domicile
- Luxembourg
- Can be held in
- ISA and SIPP
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Corporate & other bonds
Price chart
Since 17/09/2026, the closing price went from £10.46 on 17/09/2026 to £10.59 on 30/09/2026 (+1.3%). The lowest close shown was £10.46 on 17/09/2026 and the highest £10.59 on 30/09/2026.
Chart: closing prices we have recorded since 17/09/2026. Price only — income paid out is not included, so the line can end below the total return above.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
2 weekly closes, from 17/09/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS 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
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | GERMANY PPAL 0% 04Jan37 | 29.20% |
| 2 | BRIT COLUMBIA 3.5% May40 | 13.24% |
| 3 | GERMANY PPAL 0% 04Jul42 | 13.01% |
| 4 | NED WATERSCHA 0.625% Jan27 EMTN | 3.73% |
| 5 | DEUTSCHE BANK 3.125% Oct26 EMTN | 2.44% |
| 6 | RCI BANQUE 3.375% Jul29 EMTN | 2.12% |
| 7 | QUEBEC PROVIN 0.875% May27 | 1.85% |
| 8 | GRENKE FINANC 7.875% Apr27 EMTN | 1.84% |
| 9 | COVESTRO FIN 1.375% Jun30 EMTN | 1.41% |
| 10 | BANQ FED CRD 0.625% Feb31 EMTN | 1.34% |
Source: Amundi, holdings as published, as of , company pages by TradingView
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.
By sector
- Government69.5%
- Financials16.8%
- Consumer Discretionary3.2%
- Communication Services2.4%
- Utilities1.9%
- Materials1.8%
- Industrials1.7%
- Consumer Staples1.6%
- Other sectors1.1%
By country
- Germany54.2%
- Canada16.2%
- France9.2%
- Netherlands5.5%
- United States3.6%
- United Kingdom3.2%
- Spain2.0%
- Italy1.7%
- Other countries4.4%
81 holdings are listed for this fund. All 81 holdings of STPH, with the full split by sector, country and type of asset.
More of the portfolio
The fund publishes 81 holdings; the ten largest make up 70.2% 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
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 (30/09/2026).
| Fund | 1 year | 5 years |
|---|---|---|
| Amundi US Curve steepening 2-10Y ETF -Acc- CapitalisationAccumulating · 0.30% a year | +2.1% | +0.5% |
| Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- DistributionThis fundDistributing · Currency hedged · 0.35% a year | +0.7% | Not reported |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
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, as of 01/10/2026: 107 of the 383 other corporate and other bond funds charge more, 18 the same and 258 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.
How has STPH done after inflation?
Over the three years to 30/09/2026 STPH’s total return was +1.8%, or −8.1% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Inflation
- ONS CPIH, latest month published
- Charges
- The fund’s ongoing charges figure, via TradingView
- Holdings
- Amundi, as published,
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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