# Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation (STPU)

**Source:** https://fundology.uk/fund/stpu · ISIN LU2018762653 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, STPU (Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation, ISIN LU2018762653) closed at $99.87 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 30/09/2026 its total return was +0.5%, or −21.4% after UK CPIH inflation.

## Summary

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.

Latest close: **$99.87** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | STPU |
| ISIN | LU2018762653 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Amundi |
| Tracks | Solactive USD Daily (x7) Steepener 2-10 Index |
| Income | Accumulating |
| Ongoing charge | 0.30% a year (£30 per £10,000) |
| Fund size | £13.9m |
| Launched | 2019 |
| Domicile | Luxembourg |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +2.11% | -1.09% | income reinvested |
| 3 years | -1.27% | -10.91% | income reinvested |
| 5 years | +0.54% | -21.40% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation 0.30% a year, as of 01/10/2026: 131 of the 383 other corporate and other bond funds charge more, 20 the same and 232 less (share classes counted once).

## 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 | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi US Curve steepening 2-10Y ETF -Acc- Capitalisation (this fund) | 0.30% | +2.1% | -1.3% | +0.5% |
| Amundi US Curve steepening 2-10Y ETF -Monthly Hedged- Distribution | 0.35% | +0.7% | +1.8% | — |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.30%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Top holdings

Largest positions (as of 29/09/2026):

| Holding | Weight |
|---|---|
| GERMANY PPAL 0% 04Jan37 | 29.20% |
| BRIT COLUMBIA 3.5% May40 | 13.24% |
| GERMANY PPAL 0% 04Jul42 | 13.01% |
| NED WATERSCHA 0.625% Jan27 EMTN | 3.73% |
| DEUTSCHE BANK 3.125% Oct26 EMTN | 2.44% |
| RCI BANQUE 3.375% Jul29 EMTN | 2.12% |
| QUEBEC PROVIN 0.875% May27 | 1.85% |
| GRENKE FINANC 7.875% Apr27 EMTN | 1.84% |
| COVESTRO FIN 1.375% Jun30 EMTN | 1.41% |
| BANQ FED CRD 0.625% Feb31 EMTN | 1.34% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

As published by Amundi, as of 29/09/2026.

| Sector | Weight |
|---|---|
| Government | 69.5% |
| Financials | 16.8% |
| Consumer Discretionary | 3.2% |
| Communication Services | 2.4% |
| Utilities | 1.9% |
| Materials | 1.8% |
| Industrials | 1.7% |
| Consumer Staples | 1.6% |
| Other sectors | 1.1% |

### By country

As published by Amundi, as of 29/09/2026.

| Country | Weight |
|---|---|
| Germany | 54.2% |
| Canada | 16.2% |
| France | 9.2% |
| Netherlands | 5.5% |
| United States | 3.6% |
| United Kingdom | 3.2% |
| Spain | 2.0% |
| Italy | 1.7% |
| Other countries | 4.4% |

All 81 holdings: https://fundology.uk/fund/stpu/holdings

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.