# Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) (TPHG) **Page:** https://fundology.uk/fund/tphg · ISIN LU1681038086 ## 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 13/11/2026, TPHG (Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C), ISIN LU1681038086) closed at £185.18 on the London Stock Exchange. Its ongoing charge is 0.48% a year (about £48 on £10,000). Over the five years to 13/11/2026 its total return was +146.7%, or +92.6% after UK CPIH inflation. ## Summary Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) is an exchange-traded fund (ETF) from Amundi, launched in 2015. It tracks the TOPIX — large and medium-sized Japanese companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.48% a year — about £48 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£185.18** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | TPHG | | ISIN | LU1681038086 | | Category | Japan & Asia Pacific | | Type | ETF | | Provider | Amundi | | Tracks | TOPIX | | Income | Accumulating | | Ongoing charge | 0.48% a year (£48 per £10,000) | | Fund size | £8.8m | | Launched | 2015 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 18/04/2018 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +22.43% | +18.09% | income reinvested | | 3 years | +95.49% | +76.62% | income reinvested | | 5 years | +146.74% | +92.60% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) in pounds (price, with income reinvested in the fund): 2022 −3.1%, 2023 +34.2%, 2024 +22.9%, 2025 +30.9%; 2026 to 13/11/2026 +19.3%. Returns of Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +36.3%; to 30/09/2025: +26.2%; to 30/09/2024: +20.0%; to 30/09/2023: +32.4%; to 30/09/2022: −4.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -3.1% | -11.3% | Price | | 2023 | +34.2% | +28.9% | Price | | 2024 | +22.9% | +18.7% | Price | | 2025 | +30.9% | +26.4% | Price | | 2026 to 13/11/2026 | +19.3% | +15.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 18.97% | -9.56% | | 3 years | 19.06% | -15.96% | | 5 years | 17.69% | -15.96% | ## Largest fall Volatility of Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) in pounds, annualised from weekly returns to 13/11/2026: 19.0% over 1 year, 19.1% over 3 years, 17.7% over 5 years. Largest fall in the price of Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) since November 2021, in pounds: −16.0% from 12/07/2024 to 02/08/2024. The lowest 12-month return of Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) in pounds (price, with income reinvested in the fund) since January 2021 was −8.5% (12 months to 23/09/2022); the highest was +62.6% (12 months to 10/04/2026). On 13/11/2026 the price of Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) was 5.1% below its highest weekly close since November 2021 (13/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) 0.48% a year. Compared on 14/11/2026, 14 of the 108 other Japan and Asia Pacific share funds charge more, 5 the same and 89 less (share classes counted once). ## Funds tracking the same index 4 funds track TOPIX, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.48% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Index Solutions - Japan TOPIX UCITS ETF | 0.20% | +15.2% | +54.7% | +55.9% | | Amundi Japan TOPIX II UCITS ETF -Dist EUR- | 0.45% | +14.6% | +52.9% | +53.3% | | Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) (this fund) | 0.48% | +22.4% | +95.5% | +146.7% | | Amundi Japan Topix UCITS ETF - Daily Hedged USD (C) | 0.48% | +22.1% | +82.3% | +157.1% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.48%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds TPHG 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. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 5.89% | | 2 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 5.49% | | 3 | Texas Instruments | [TXN](https://fundology.uk/stock/TXN) | 4.23% | | 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 3.93% | | 5 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 3.06% | | 6 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 3.06% | | 7 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 2.92% | | 8 | L Oreal Prime Fidelite | — | 2.73% | | 9 | Air Liquide Prime Fidelite | — | 2.71% | | 10 | AXA | [CS](https://fundology.uk/stock/CS) | 2.57% | The 121 holdings on record (of 126 reported): https://fundology.uk/fund/tphg/holdings ## Questions people ask **What is the ongoing charge of TPHG?** The ongoing charge of TPHG is 0.48% a year — about £48 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 Japan TOPIX UCITS ETF - Daily Hedged GBP (C) 0.48% a year. Compared on 14/11/2026, 14 of the 108 other Japan and Asia Pacific share funds charge more, 5 the same and 89 less (share classes counted once). **What does TPHG track?** TPHG tracks the TOPIX — large and medium-sized Japanese companies. **Is TPHG accumulating or distributing?** TPHG 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 TPHG?** The ISIN of TPHG is LU1681038086. An ISIN identifies one exact share class of a fund; TPHG is its ticker on the London Stock Exchange. **What does TPHG hold?** TPHG 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 TPHG’s returns in each of the last five years?** Calendar-year returns of TPHG in pounds (price, with income reinvested in the fund): 2022 −3.1%, 2023 +34.2%, 2024 +22.9%, 2025 +30.9%; 2026 to 13/11/2026 +19.3%. Past performance is not a guide to future returns. **How has TPHG done after inflation?** Over the five years to 13/11/2026 TPHG’s total return was +146.7%, or +92.6% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/equity/amundi-japan-topix-ucits-etf-daily-hedged-gbp-acc/lu1681038086) - Links checked 12/10/2026. --- 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.