# Amundi US TIPS -Dist- Distribution (TIPG)

**Source:** https://fundology.uk/fund/tipg · ISIN LU1452600270 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Amundi), 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 01/10/2026, TIPG (Amundi US TIPS -Dist- Distribution, ISIN LU1452600270) closed at £86.27 on the London Stock Exchange. Its ongoing charge is 0.09% a year (about £9 on £10,000). Over the five years to 01/10/2026 its total return was −0.2%, or −22.0% after UK CPIH inflation.

## Summary

Multi Units Luxembourg SICAV - Amundi US TIPS -Dist- Distribution is an exchange-traded fund (ETF) from Amundi, launched in 2016. 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 paid out to holders as cash, usually a few times a year.

Latest close: **£86.27** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | TIPG |
| ISIN | LU1452600270 |
| Category | Government bonds |
| Type | ETF |
| Provider | Amundi |
| Tracks | Bloomberg US Govt Inflation-Linked |
| Income | Distributing |
| Ongoing charge | 0.09% a year (£9 per £10,000) |
| Fund size | £285m |
| Launched | 2016 |
| Domicile | Luxembourg |

## Past returns (periods to 01/10/2026)

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 | -0.87% | -3.99% | income reinvested |
| 3 years | +1.96% | -8.00% | income reinvested |
| 5 years | -0.19% | -21.97% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Multi Units Luxembourg SICAV - Amundi US TIPS -Dist- Distribution in pounds (price only, income paid out not included): 2022 −3.1%, 2023 −2.9%, 2024 +2.1%, 2025 −1.4%; 2026 to 01/10/2026 +0.1%. Returns of Multi Units Luxembourg SICAV - Amundi US TIPS -Dist- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.3%; to 30/09/2025: +2.5%; to 30/09/2024: −0.9%; to 30/09/2023: −7.9%; to 30/09/2022: +7.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -3.1% | -11.3% | Price |
| 2023 | -2.9% | -6.8% | Price |
| 2024 | +2.1% | -1.4% | Price |
| 2025 | -1.4% | -4.8% | Price |
| 2026 to 01/10/2026 | +0.1% | -2.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.65% | -5.50% |
| 3 years | 7.02% | -7.99% |
| 5 years | 8.17% | -15.10% |

## Largest fall

Volatility of Multi Units Luxembourg SICAV - Amundi US TIPS -Dist- Distribution in pounds, annualised from weekly returns to 01/10/2026: 5.6% over 1 year, 7.0% over 3 years, 8.2% over 5 years. Largest fall in the price of Multi Units Luxembourg SICAV - Amundi US TIPS -Dist- Distribution since October 2021, in pounds: −15.1% from 23/09/2022 to 14/07/2023. The lowest 12-month return of Multi Units Luxembourg SICAV - Amundi US TIPS -Dist- Distribution in pounds (price only, income paid out not included) since January 2021 was −12.7% (12 months to 18/08/2023); the highest was +14.4% (12 months to 11/03/2022). On 01/10/2026 the price of Multi Units Luxembourg SICAV - Amundi US TIPS -Dist- Distribution was 11.5% below its highest weekly close since October 2021 (23/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of Multi Units Luxembourg SICAV - Amundi US TIPS -Dist- Distribution 0.09% a year, as of 02/10/2026: 200 of the 275 other government bond funds charge more, 10 the same and 65 less (share classes counted once).

## 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 0.09% to 0.17% a year (01/10/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares USD TIPS UCITS ETF | 0.10% | -0.8% | +2.1% | +0.0% |
| iShares USD TIPS UCITS ETF | 0.12% | -2.2% | +11.1% | -3.9% |
| iShares USD TIPS UCITS ETF | 0.12% | -5.8% | +4.5% | -10.9% |
| iShares USD TIPS UCITS ETF Accum- Hedge GBP | 0.12% | -2.2% | — | — |
| Multi Units Luxembourg SICAV - Amundi US TIPS -C-USD- Capitalisation | 0.09% | -0.5% | +3.6% | +0.9% |
| Multi Units Luxembourg SICAV - Amundi US TIPS -Dist- Distribution (this fund) | 0.09% | -0.9% | +2.0% | -0.2% |
| State Street SPDR Bloomberg U.S. TIPS UCITS ETF Accum USD | — | — | — | — |
| State Street SPDR Bloomberg U.S. TIPS UCITS ETF USD | 0.17% | -0.8% | +2.0% | -0.3% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.09%** per year
- ISA eligible: yes
- SIPP eligible: yes

## What it holds

As of 29/09/2026, TIPG holds 49 positions, according to the holdings Amundi publishes. The largest is UNITED ST TSY 1.875% 15Jul35 at 3.50% of the fund; the ten largest make up 32.2%.

### Top holdings

Largest positions (as of 29/09/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | UNITED ST TSY 1.875% 15Jul35 | — | 3.50% |
| 2 | UNITED ST TSY 2.125% 15Jan35 | — | 3.42% |
| 3 | UNITED ST TSY 1.875% 15Jan36 | — | 3.41% |
| 4 | UNITED ST TSY 1.25% 15Apr31 | — | 3.25% |
| 5 | UNITED ST TSY 1.875% 15Jul34 | — | 3.21% |
| 6 | UNITED ST TSY 1.125% 15Oct30 | — | 3.13% |
| 7 | UNITED ST TSY 0.125% 15Jan32 | — | 3.12% |
| 8 | UNITED ST TSY 1.625% 15Apr30 | — | 3.10% |
| 9 | UNITED ST TSY 1.75% 15Jan34 | — | 3.05% |
| 10 | UNITED ST TSY 0.125% 15Jul31 | — | 3.01% |

Source: Amundi, holdings as published, as of 29/09/2026.

The 48 holdings on record (of 49 Amundi reports): https://fundology.uk/fund/tipg/holdings

## Questions people ask

**What is the ongoing charge of TIPG?**

The ongoing charge of TIPG 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 -Dist- Distribution 0.09% a year, as of 02/10/2026: 200 of the 275 other government bond funds charge more, 10 the same and 65 less (share classes counted once).

**What does TIPG track?**

TIPG tracks the Bloomberg US Govt Inflation-Linked.

**Is TIPG accumulating or distributing?**

TIPG is distributing: income is paid out to holders as cash, usually a few times a year. It pays out annual.

**What is the ISIN of TIPG?**

The ISIN of TIPG is LU1452600270. An ISIN identifies one exact share class of a fund; TIPG is its ticker on the London Stock Exchange.

**What does TIPG hold?**

As of 29/09/2026, TIPG holds 49 positions, according to the holdings Amundi publishes. The largest is UNITED ST TSY 1.875% 15Jul35 at 3.50% of the fund; the ten largest make up 32.2%. Its ten largest holdings are UNITED ST TSY 1.875% 15Jul35 (3.50%), UNITED ST TSY 2.125% 15Jan35 (3.42%), UNITED ST TSY 1.875% 15Jan36 (3.41%), UNITED ST TSY 1.25% 15Apr31 (3.25%), UNITED ST TSY 1.875% 15Jul34 (3.21%), UNITED ST TSY 1.125% 15Oct30 (3.13%), UNITED ST TSY 0.125% 15Jan32 (3.12%), UNITED ST TSY 1.625% 15Apr30 (3.10%), UNITED ST TSY 1.75% 15Jan34 (3.05%) and UNITED ST TSY 0.125% 15Jul31 (3.01%).

**What were TIPG’s returns in each of the last five years?**

Calendar-year returns of TIPG in pounds (price only, income paid out not included): 2022 −3.1%, 2023 −2.9%, 2024 +2.1%, 2025 −1.4%; 2026 to 01/10/2026 +0.1%. Past performance is not a guide to future returns.

**How has TIPG done after inflation?**

Over the five years to 01/10/2026 TIPG’s total return was −0.2%, or −22.0% after UK CPIH inflation. Past performance is not a guide to future returns.

---

We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments.

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