# Amundi Index Solutions - Japan TOPIX UCITS ETF (TPXU) **Page:** https://fundology.uk/fund/tpxu · ISIN LU1681037781 ## 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 06/11/2026, TPXU (Amundi Index Solutions - Japan TOPIX UCITS ETF, ISIN LU1681037781) closed at £121.33 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 06/11/2026 its total return was +44.3%, or +12.6% after UK CPIH inflation. ## Summary Amundi Index Solutions - Japan TOPIX UCITS ETF 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 0.2% a year — about £20 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: **£121.33** (06/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | TPXU | | ISIN | LU1681037781 | | Category | Japan & Asia Pacific | | Type | ETF | | Provider | Amundi | | Tracks | TOPIX | | Income | Accumulating | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £163m | | 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 06/11/2026) 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 | +8.16% | +4.33% | income reinvested | | 3 years | +47.57% | +33.33% | income reinvested | | 5 years | +44.28% | +12.62% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi Index Solutions - Japan TOPIX UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −5.6%, 2023 +13.5%, 2024 +9.3%, 2025 +17.2%; 2026 to 06/11/2026 +12.3%. Returns of Amundi Index Solutions - Japan TOPIX UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +26.8%; to 30/09/2025: +16.7%; to 30/09/2024: +10.4%; to 30/09/2023: +13.3%; to 30/09/2022: −10.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -5.6% | -13.6% | Price | | 2023 | +13.5% | +8.9% | Price | | 2024 | +9.3% | +5.6% | Price | | 2025 | +17.2% | +13.2% | Price | | 2026 to 06/11/2026 | +12.3% | +8.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 19.05% | -10.57% | | 3 years | 16.33% | -11.70% | | 5 years | 15.35% | -15.95% | ## Largest fall Volatility of Amundi Index Solutions - Japan TOPIX UCITS ETF in pounds, annualised from weekly returns to 06/11/2026: 19.0% over 1 year, 16.3% over 3 years, 15.4% over 5 years. Largest fall in the price of Amundi Index Solutions - Japan TOPIX UCITS ETF since November 2021, in pounds: −15.9% from 12/11/2021 to 17/06/2022. The lowest 12-month return of Amundi Index Solutions - Japan TOPIX UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −13.0% (12 months to 16/09/2022); the highest was +39.3% (12 months to 03/04/2026). On 06/11/2026 the price of Amundi Index Solutions - Japan TOPIX UCITS ETF was 9.4% below its highest weekly close since November 2021 (02/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi Index Solutions - Japan TOPIX UCITS ETF 0.20% a year. Compared on 11/11/2026, 56 of the 108 other Japan and Asia Pacific share funds charge more, 3 the same and 49 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 (10/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Index Solutions - Japan TOPIX UCITS ETF (this fund) | 0.20% | +8.2% | +47.6% | +44.3% | | Amundi Japan TOPIX II UCITS ETF -Dist EUR- | 0.45% | +7.8% | +46.1% | +42.2% | | Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) | 0.48% | +20.9% | +90.3% | +136.8% | | Amundi Japan Topix UCITS ETF - Daily Hedged USD (C) | 0.48% | +19.0% | +74.5% | +145.4% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** per year (as of 06/11/2026) - 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 TPXU is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 04/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. ### Top holdings Largest positions (as of 04/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 6.08% | | 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 6.05% | | 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 5.89% | | 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 4.01% | | 5 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 3.50% | | 6 | L Oreal Prime Fidelite | — | 2.80% | | 7 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 2.72% | | 8 | Air Liquide Prime Fidelite | — | 2.69% | | 9 | United Parcel Service · Class B | [UPS](https://fundology.uk/stock/UPS) | 2.61% | | 10 | TotalEnergies | [TTE](https://fundology.uk/stock/TTE) | 2.58% | The 117 holdings on record (of 125 reported): https://fundology.uk/fund/tpxu/holdings ## Questions people ask **What is the ongoing charge of TPXU?** The ongoing charge of TPXU is 0.20% a year — about £20 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 Index Solutions - Japan TOPIX UCITS ETF 0.20% a year. Compared on 11/11/2026, 56 of the 108 other Japan and Asia Pacific share funds charge more, 3 the same and 49 less (share classes counted once). **What does TPXU track?** TPXU tracks the TOPIX — large and medium-sized Japanese companies. **Is TPXU accumulating or distributing?** TPXU 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 TPXU?** The ISIN of TPXU is LU1681037781. An ISIN identifies one exact share class of a fund; TPXU is its ticker on the London Stock Exchange. **What does TPXU hold?** TPXU is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 04/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. **What were TPXU’s returns in each of the last five years?** Calendar-year returns of TPXU in pounds (price, with income reinvested in the fund): 2022 −5.6%, 2023 +13.5%, 2024 +9.3%, 2025 +17.2%; 2026 to 06/11/2026 +12.3%. Past performance is not a guide to future returns. **How has TPXU done after inflation?** Over the five years to 06/11/2026 TPXU’s total return was +44.3%, or +12.6% 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-jpy-acc/lu1681037781) - 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.