# Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist (UH10)

**Page:** https://fundology.uk/fund/uh10 · ISIN LU1407891271

## 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, UH10 (Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist, ISIN LU1407891271) closed at £8.93 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the three years to 13/11/2026 its total return was −3.0%, or −12.4% after UK CPIH inflation.

## Summary

Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist is an exchange-traded fund (ETF) from Amundi, launched in 2022. It tracks the Bloomberg US Long Treasury Index - USD - Benchmark TR Gross. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£8.93** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | UH10 |
| ISIN | LU1407891271 |
| Category | Government bonds |
| Type | ETF |
| Provider | Amundi |
| Tracks | Bloomberg US Long Treasury Index - USD - Benchmark TR Gross |
| Income | Distributing |
| Ongoing charge | 0.10% a year (£10 per £10,000) |
| Fund size | £63.7m |
| Launched | 2022 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2022 |

## 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 | -9.44% | -12.65% | income reinvested |
| 3 years | -3.03% | -12.39% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included): 2023 −2.0%, 2024 −9.9%, 2025 +1.6%; 2026 to 13/11/2026 −4.8%. Returns of Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −11.1%; to 30/09/2025: −6.8%; to 30/09/2024: +11.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2023 | -2.0% | -5.9% | Price |
| 2024 | -9.9% | -13.0% | Price |
| 2025 | +1.6% | -1.9% | Price |
| 2026 to 13/11/2026 | -4.8% | -7.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 9.73% | -11.90% |
| 3 years | 12.04% | -18.49% |

## Largest fall

Volatility of Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist in pounds, annualised from weekly returns to 13/11/2026: 9.7% over 1 year, 12.0% over 3 years. Largest fall in the price of Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist since November 2022, in pounds: −22.8% from 07/04/2023 to 09/10/2026. The lowest 12-month return of Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included) since November 2022 was −15.8% (12 months to 26/04/2024); the highest was +12.9% (12 months to 18/10/2024). On 13/11/2026 the price of Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist was 20.9% below its highest weekly close since November 2022 (07/04/2023), in pounds.

## Charges compared with similar funds

Ongoing charge of Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once).

## Funds tracking the same index

6 funds track Bloomberg US Long Treasury Index - USD - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.06% to 0.13% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi US Treasury Bond Long Dated UCITS ETF | 0.06% | -7.0% | -1.9% | -30.4% |
| Amundi US Treasury Bond Long Dated UCITS ETF Acc- Capitalisation | 0.07% | -6.7% | -3.9% | — |
| Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist (this fund) | 0.10% | -9.4% | -3.0% | — |
| Invesco Markets II PLC - Invesco US Treasury Bond 10+ Year UCITS ETF Accum- USD | 0.06% | -7.0% | — | — |
| Invesco US Treasury Bond 10+ Year UCITS ETF Hedged GBP | 0.13% | -6.4% | -0.1% | — |
| Invesco US Treasury Bond 10+ Year UCITS ETF USD | 0.06% | -7.0% | -5.0% | — |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.10%** 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

As of 11/11/2026, UH10 holds 102 positions, according to its published holdings. The largest is UNITED ST TSY 5.125% 15Aug56 at 2.23% of the fund; the ten largest make up 21.1%.

### Top holdings

Largest positions (as of 11/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | UNITED ST TSY 5.125% 15Aug56 | — | 2.23% |
| 2 | UNITED ST TSY 5% 15May56 | — | 2.22% |
| 3 | UNITED ST TSY 4.75% 15May55 | — | 2.13% |
| 4 | UNITED ST TSY 4.75% 15Aug55 | — | 2.10% |
| 5 | UNITED ST TSY 4.75% 15Feb56 | — | 2.10% |
| 6 | UNITED ST TSY 4.625% 15May54 | — | 2.09% |
| 7 | UNITED ST TSY 4.625% 15Nov55 | — | 2.09% |
| 8 | UNITED ST TSY 4.625% 15Feb55 | — | 2.06% |
| 9 | UNITED ST TSY 4.5% 15Nov54 | — | 2.04% |
| 10 | UNITED ST TSY 4.75% 15Nov53 | — | 2.04% |

The 101 holdings on record (of 102 reported): https://fundology.uk/fund/uh10/holdings

## Questions people ask

**What is the ongoing charge of UH10?**

The ongoing charge of UH10 is 0.10% a year — about £10 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 US Treasury Bond Long Dated UCITS ETF GBP Hedged Dist 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once).

**What does UH10 track?**

UH10 tracks the Bloomberg US Long Treasury Index - USD - Benchmark TR Gross.

**Is UH10 accumulating or distributing?**

UH10 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 UH10?**

The ISIN of UH10 is LU1407891271. An ISIN identifies one exact share class of a fund; UH10 is its ticker on the London Stock Exchange.

**What does UH10 hold?**

As of 11/11/2026, UH10 holds 102 positions, according to its published holdings. The largest is UNITED ST TSY 5.125% 15Aug56 at 2.23% of the fund; the ten largest make up 21.1%. Its ten largest holdings are UNITED ST TSY 5.125% 15Aug56 (2.23%), UNITED ST TSY 5% 15May56 (2.22%), UNITED ST TSY 4.75% 15May55 (2.13%), UNITED ST TSY 4.75% 15Aug55 (2.10%), UNITED ST TSY 4.75% 15Feb56 (2.10%), UNITED ST TSY 4.625% 15May54 (2.09%), UNITED ST TSY 4.625% 15Nov55 (2.09%), UNITED ST TSY 4.625% 15Feb55 (2.06%), UNITED ST TSY 4.5% 15Nov54 (2.04%) and UNITED ST TSY 4.75% 15Nov53 (2.04%).

**What were UH10’s returns in each of the last five years?**

Calendar-year returns of UH10 in pounds (price only, income paid out not included): 2023 −2.0%, 2024 −9.9%, 2025 +1.6%; 2026 to 13/11/2026 −4.8%. Past performance is not a guide to future returns.

**How has UH10 done after inflation?**

Over the three years to 13/11/2026 UH10’s total return was −3.0%, or −12.4% 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/fixed-income/amundi-us-treasury-bond-long-dated-ucits-etf-gbp-hedged-dist/lu1407891271)
- Links checked 12/10/2026.

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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.