ETF · Amundi
STPU Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation
ISIN LU2018762653London Stock Exchange: STPUSAS Rue la Boétie
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE$99.38
on
- Ongoing charge
- 0.30% a year
- Fund size
- £14.9m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, STPU (Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation, ISIN LU2018762653) closed at $99.38 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 13/11/2026 its total return was +1.3%, or −21.0% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.4%
- −3.9% after inflation (UK CPIH)
- 3 years to 13/11/2026
- −2.4%
- −11.8% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +1.3%
- −21.0% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,013 on 13/11/2026 — about £790 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
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 -Acc- Capitalisation in pounds (price, with income reinvested in the fund): 2022 +7.5%, 2023 −5.7%, 2024 +7.0%, 2025 −5.5%; 2026 to 13/11/2026 +1.1%. Returns of Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +2.2%; to 30/09/2025: +1.9%; to 30/09/2024: −4.8%; to 30/09/2023: −11.2%; to 30/09/2022: +15.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +1.1% | −2.1% | |
| to | −5.5% | −8.7% | |
| to | +7.0% | +3.3% | |
| −5.7% | −9.4% | ||
| +7.5% | −1.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +2.2% | −1.4% |
| from | +1.9% | −2.1% |
| from | −4.8% | −7.3% |
| from | −11.2% | −16.5% |
| from | +15.3% | +6.0% |
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)
8.8%over 5 years
| 1 year | 6.2% |
|---|---|
| 3 years | 6.9% |
| 5 years | 8.8% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −19.9%
- From to
- Lowest 12-month return
- −14.0%
- 12 months to
- Highest 12-month return
- +18.8%
- 12 months to
- Below its highest weekly close since November 2021
- 12.7%
- High of , latest
In words: Volatility of Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 6.2% over 1 year, 6.9% over 3 years, 8.8% over 5 years. Largest fall in the price of Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation since November 2021, in pounds: −19.9% from 21/10/2022 to 14/07/2023. The lowest 12-month return of Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −14.0% (12 months to 14/07/2023); the highest was +18.8% (12 months to 21/10/2022). On 13/11/2026 the price of Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation was 12.7% below its highest weekly close since November 2021 (21/10/2022), 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
- 0.30%
- a year
- On £10,000
- £30
- a year, roughly
- Over five years
- £149
- of £10,000, before growth
- 265 charge less
- 22 the same
- 140 charge more
Ongoing charge of Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation 0.30% a year. Compared on 14/11/2026, 140 of the 427 other corporate and other bond funds charge more, 22 the same and 265 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 -Acc- Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2019.
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 0.3% a year — about £30 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.
Corporate & other bonds: Loans to companies and other borrowers, which usually pay more interest than government bonds in exchange for more risk.
Key facts
- Ticker
- STPU
- ISIN
- LU2018762653
- Provider
- Amundi
- 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
- 0.30% a year · about £30 on £10,000
- Fund size
- £14.9m
- 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
- USD
- Category
- Corporate & other bonds
Price chart
Over the last year, the closing price went from $98.81 on 14/11/2025 to $99.38 on 13/11/2026 (+0.6%). The lowest close shown was $97.66 on 19/06/2026 and the highest $100.25 on 09/10/2026.
One close a week. Before 31/07/2026 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
260 weekly closes, from 12/11/2021 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- CapitalisationThis fundAccumulating · 0.30% a year | 0.30% | −0.4% | −2.4% | +1.3% |
| Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- DistributionDistributing · 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, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 251 rolling 12-month returns since January 2021, and of 147 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, 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 (152 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 STPU?
The ongoing charge of STPU is 0.30% a year — about £30 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 -Acc- Capitalisation 0.30% a year. Compared on 14/11/2026, 140 of the 427 other corporate and other bond funds charge more, 22 the same and 265 less (share classes counted once).
What does STPU track?
STPU tracks the Solactive USD Daily (x7) Steepener 2-10 Index.
Is STPU accumulating or distributing?
STPU 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 STPU?
The ISIN of STPU is LU2018762653. An ISIN identifies one exact share class of a fund; STPU is its ticker on the London Stock Exchange.
What does STPU hold?
STPU 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 STPU’s returns in each of the last five years?
Calendar-year returns of STPU in pounds (price, with income reinvested in the fund): 2022 +7.5%, 2023 −5.7%, 2024 +7.0%, 2025 −5.5%; 2026 to 13/11/2026 +1.1%. Past performance is not a guide to future returns.
How has STPU done after inflation?
Over the five years to 13/11/2026 STPU’s total return was +1.3%, or −21.0% 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
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