ETF · Amundi
TIPA Amundi US TIPS -C-USD- Capitalisation
ISIN LU1452600197London Stock Exchange: TIPASAS Rue la Boétie
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE$22.95
on
- Ongoing charge
- 0.09% a year
- Fund size
- £168m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, TIPA (Amundi US TIPS -C-USD- Capitalisation, ISIN LU1452600197) closed at $22.95 on the London Stock Exchange. Its ongoing charge is 0.09% a year (about £9 on £10,000). Over the five years to 13/11/2026 its total return was −2.1%, or −23.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −2.2%
- −5.6% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +2.4%
- −7.4% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −2.1%
- −23.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £979 on 13/11/2026 — about £764 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 Multi Units Luxembourg SICAV - Amundi US TIPS -C-USD- Capitalisation in pounds (price, with income reinvested in the fund): 2022 −2.3%, 2023 −2.1%, 2024 +4.5%, 2025 −1.6%; 2026 to 13/11/2026 +0.4%. Returns of Multi Units Luxembourg SICAV - Amundi US TIPS -C-USD- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.2%; to 30/09/2025: +3.2%; to 30/09/2024: +0.3%; to 30/09/2023: −9.1%; to 30/09/2022: +7.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +0.4% | −2.8% | |
| to | −1.6% | −5.0% | |
| to | +4.5% | +0.9% | |
| −2.1% | −6.0% | ||
| −2.3% | −10.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −1.2% | −4.7% |
| from | +3.2% | −0.8% |
| from | +0.3% | −2.3% |
| from | −9.1% | −14.5% |
| from | +7.7% | −1.0% |
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)
8.0%over 5 years
| 1 year | 5.5% |
|---|---|
| 3 years | 6.8% |
| 5 years | 8.0% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −14.1%
- From to
- Lowest 12-month return
- −12.4%
- 12 months to
- Highest 12-month return
- +14.9%
- 12 months to
- Below its highest weekly close since November 2021
- 7.4%
- High of , latest
In words: Volatility of Multi Units Luxembourg SICAV - Amundi US TIPS -C-USD- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 5.5% over 1 year, 6.8% over 3 years, 8.0% over 5 years. Largest fall in the price of Multi Units Luxembourg SICAV - Amundi US TIPS -C-USD- Capitalisation since November 2021, in pounds: −14.1% from 23/09/2022 to 14/07/2023. The lowest 12-month return of Multi Units Luxembourg SICAV - Amundi US TIPS -C-USD- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −12.4% (12 months to 18/08/2023); the highest was +14.9% (12 months to 11/03/2022). On 13/11/2026 the price of Multi Units Luxembourg SICAV - Amundi US TIPS -C-USD- Capitalisation was 7.4% below its highest weekly close since November 2021 (23/09/2022), 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
- 0.09%
- a year
- On £10,000
- £9
- a year, roughly
- Over five years
- £45
- of £10,000, before growth
- 73 charge less
- 14 the same
- 224 charge more
Ongoing charge of Multi Units Luxembourg SICAV - Amundi US TIPS -C-USD- Capitalisation 0.09% a year. Compared on 14/11/2026, 224 of the 311 other government bond funds charge more, 14 the same and 73 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Multi Units Luxembourg SICAV - Amundi US TIPS -C-USD- Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2019.
It tracks the Bloomberg US Govt Inflation-Linked.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.09% a year — about £9 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Key facts
- Ticker
- TIPA
- ISIN
- LU1452600197
- 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
- 0.09% a year · about £9 on £10,000
- Fund size
- £168m
- 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
- Government bonds
Price chart
Over the last year, the closing price went from $23.33 on 14/11/2025 to $22.95 on 13/11/2026 (−1.6%). The lowest close shown was $22.78 on 02/10/2026 and the highest $23.69 on 08/05/2026.
One close a week. Before 29/07/2026 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
259 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
- 48
- 49 reported in all
- Ten largest
- 31.7%
- of the whole fund
- Effective number of holdings
- 40
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 3.5%
- UNITED ST TSY 1.875% 15Jul35
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | UNITED ST TSY 1.875% 15Jul35GovernmentUnited States | 3.45% |
| 2 | UNITED ST TSY 1.875% 15Jan36GovernmentUnited States | 3.39% |
| 3 | UNITED ST TSY 2.125% 15Jan35GovernmentUnited States | 3.38% |
| 4 | UNITED ST TSY 1.25% 15Apr31GovernmentUnited States | 3.18% |
| 5 | UNITED ST TSY 1.875% 15Jul34GovernmentUnited States | 3.18% |
| 6 | UNITED ST TSY 0.125% 15Jan32GovernmentUnited States | 3.08% |
| 7 | UNITED ST TSY 1.125% 15Oct30GovernmentUnited States | 3.06% |
| 8 | UNITED ST TSY 1.75% 15Jan34GovernmentUnited States | 3.03% |
| 9 | UNITED ST TSY 1.625% 15Apr30GovernmentUnited States | 3.02% |
| 10 | UNITED ST TSY 0.125% 15Jul31GovernmentUnited States | 2.97% |
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 48 largest and what changed since .
More of the portfolio
The fund publishes 49 holdings; the ten largest make up 31.7% 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
8 funds track Bloomberg US Govt Inflation-Linked, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.17% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares USD TIPS UCITS ETFAccumulating · 0.10% a year | 0.10% | −2.3% | +2.9% | −1.3% |
| iShares USD TIPS UCITS ETF AccAccumulating · 0.12% a year | 0.12% | −7.9% | +1.7% | −14.2% |
| iShares USD TIPS UCITS ETF Accum- Hedge GBPAccumulating · Currency hedged · 0.12% a year | 0.12% | −1.1% | Not reported | Not reported |
| iShares USD TIPS UCITS ETF GBP Hedged DistDistributing · Currency hedged · 0.12% a year | 0.12% | −1.1% | +11.3% | −5.6% |
| Amundi US TIPS -C-USD- CapitalisationThis fundAccumulating · 0.09% a year | 0.09% | −2.2% | +2.4% | −2.1% |
| Amundi US TIPS -Dist- DistributionDistributing · 0.09% a year | 0.09% | −2.5% | +4.5% | −2.3% |
| State Street SPDR Bloomberg U.S. TIPS UCITS ETF Accum USDAccumulating · 0.05% a year | 0.05% | Not reported | Not reported | Not reported |
| State Street SPDR Bloomberg U.S. TIPS UCITS ETF USDDistributing · 0.17% a year | 0.17% | −2.5% | +4.5% | −2.4% |
As of
Bloomberg US Govt Inflation-Linked 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 (150 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 TIPA?
The ongoing charge of TIPA is 0.09% a year — about £9 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 Multi Units Luxembourg SICAV - Amundi US TIPS -C-USD- Capitalisation 0.09% a year. Compared on 14/11/2026, 224 of the 311 other government bond funds charge more, 14 the same and 73 less (share classes counted once).
What does TIPA track?
TIPA tracks the Bloomberg US Govt Inflation-Linked.
Is TIPA accumulating or distributing?
TIPA 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 TIPA?
The ISIN of TIPA is LU1452600197. An ISIN identifies one exact share class of a fund; TIPA is its ticker on the London Stock Exchange.
What does TIPA hold?
As of 11/11/2026, TIPA holds 49 positions, according to its published holdings. The largest is UNITED ST TSY 1.875% 15Jul35 at 3.45% of the fund; the ten largest make up 31.7%. Its ten largest holdings are UNITED ST TSY 1.875% 15Jul35 (3.45%), UNITED ST TSY 1.875% 15Jan36 (3.39%), UNITED ST TSY 2.125% 15Jan35 (3.38%), UNITED ST TSY 1.25% 15Apr31 (3.18%), UNITED ST TSY 1.875% 15Jul34 (3.18%), UNITED ST TSY 0.125% 15Jan32 (3.08%), UNITED ST TSY 1.125% 15Oct30 (3.06%), UNITED ST TSY 1.75% 15Jan34 (3.03%), UNITED ST TSY 1.625% 15Apr30 (3.02%) and UNITED ST TSY 0.125% 15Jul31 (2.97%).
What were TIPA’s returns in each of the last five years?
Calendar-year returns of TIPA in pounds (price, with income reinvested in the fund): 2022 −2.3%, 2023 −2.1%, 2024 +4.5%, 2025 −1.6%; 2026 to 13/11/2026 +0.4%. Past performance is not a guide to future returns.
How has TIPA done after inflation?
Over the five years to 13/11/2026 TIPA’s total return was −2.1%, or −23.6% 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
A machine-readable copy of this page: Markdown.