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Amundi Core UK Government Bond UCITS ETF DistIndex, costs, backtest, listings and taxation

ISIN: LU1407892592Ticker: LYTG (Xetra) · GILS (London SE) · GILS (Euronext Paris)Issuer: AmundiClass: UCITS ETF Dist
Issuer-declared data
TER
0.05%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
1.8 bn EUR
NAV
4.99 GBP (1 September 2026)
Domicile
Luxembourg
Inception date
13 October 2016
Data as declared by Amundi in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Amundi Core UK Government Bond UCITS ETF Dist tracks the issuer-declared index: FTSE Actuaries UK Conventional Gilts All Stocks Total Return. The declared annual cost (TER) is 0.05%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is direct physical replication; income is distributed to investors. The fund has assets of about 1.8 billion euro, was launched on 13 October 2016 and is domiciled in Luxembourg. In our registry it is the largest by assets among the 2 ETFs declaring the same index.

The fund’s objective — in the issuer’s words

The Fund is an index-tracking UCITS passively managed. The investment objective of the Fund is to reflect the performance, whether positive or negative, of the FTSE Actuaries UK Conventional Gilts All Stocks index (the Benchmark Index") denominated in GBP and representative of UK government bonds ("Gilts") denominated in GBP, while minimizing the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the "Tracking Error"). The anticipated level of tracking error in normal market conditions is indicated in the prospectus. Additional information about the Benchmark Index can be found at www.ftse.com. The Benchmark Index is a "total return" type of index (i.e.all coupons detached by the components of the Benchmark index are reinvested in the Benchmark Index).

Keep reading the KID section ▾

The Fund seeks to achieve its objective via a direct replication, by investing primarily in the securities comprising the Benchmark Index. To optimize the Benchmark Index replication, the Fund may use a sampling replication strategy. The potential use of this technique is published on Amundi's website: www.amundietf.com. Updated composition of the Fund holdings is available on www.amundietf.com. In addition, the indicative net asset value is published on the Reuters and Bloomberg pages of the Fund, and might also be mentioned on the websites of the stock exchanges where the Fund is listed.

Intended Retail Investor:This product is intended for investors, with a basic knowledge of and no or limited experience of investing in funds seeking to increase the value of their investment and to receive income over the recommended holding period with the ability to bear losses up to the amount invested.

Redemption and Dealing:The Sub-Fund's shares are listed and traded on one or more stock exchanges. In normal circumstances, you may deal in shares during the trading hours of the stock exchanges. Only authorised participants (e.g., selected financial institutions) may deal in shares directly with the SubFund on the primary market. Further details are provided in the MULTI UNITS LUXEMBOURG prospectus.

Distribution policy:The Fund’s amounts available for distribution (if any) will be distributed.

More Information:You may get further information about the Sub-Fund, including the prospectus, and financial reports which are available at and free of charge on request from: Amundi Luxembourg S.A. at 5, allée Scheffer 2520 Luxembourg, Luxembourg.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.05%: below the median of bond ETFs we track (0.15%).
  • Assets larger than 90% of bond ETFs we track.
  • Average tracking difference over the last 3 years: -0.05% p.a., against a declared TER of 0.05%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · GBP · from Oct 2012 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+5.0%
Annualised
+0.4%
Volatility (ann.)
8.1%
Max drawdown
-35.06%
-9%+6%+20%+34%+49%Oct 2012Mar 2016Sept 2019Mar 2023Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+5%Oct 2012Sept 2026
Note — currency risk: the fund is denominated (or hedged) in GBP and the chart is in GBP. For a euro investor, returns also depend on the EUR/GBP exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-10%-20%-30%-40%-50%20122014201620182020202220242026−35.06% · 27 Sept 2022
Max drawdown
-35.06%
peak → trough
Trough
27 Sept 2022
from the 09 Mar 2020 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
2,368 days
decline + recovery: peak to break-even · ≈ 6 years and 6 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
09 Mar 202027 Sept 2022-35.06%ongoing2,368
11 Aug 201615 Dec 2016-8.76%29 May 20191,021
30 Jan 201526 Jun 2015-7.39%08 Feb 2016374
02 May 201310 Sept 2013-7.36%26 Aug 2014481
03 Sept 201930 Dec 2019-5.19%02 Mar 2020181

Calendar-year returns

2016
10.3%
2017
1.7%
2018
0.5%
2019
6.8%
2020
8.2%
2021
-5.3%
2022
-23.9%
2023
3.6%
2024
-3.4%
2025
5.0%
2026
-2.5%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-0.12.3-4.0-0.41.80.6-2.10.2-0.7-2.5
20250.80.8-1.01.7-1.21.4-0.3-0.90.62.70.10.25.0
2024-2.2-1.11.7-2.90.81.21.70.50.0-2.51.6-2.2-3.4
20232.6-3.32.8-1.7-3.4-0.40.8-0.4-1.0-0.42.95.43.6
2022-3.9-1.4-2.1-2.8-3.0-1.82.6-7.6-8.03.12.8-4.1-23.9
2021-1.7-5.70.00.50.40.72.8-0.8-3.72.13.0-2.7-5.3
20203.51.21.43.00.0-0.60.4-3.11.5-0.5-0.51.68.2
20191.0-0.93.2-1.52.70.22.03.50.5-1.8-0.8-1.36.8
2018-2.00.22.0-1.01.7-0.6-0.40.2-1.50.9-1.22.20.5
2017-1.83.10.30.20.4-2.00.31.9-2.60.30.31.41.7
20163.81.5-0.1-1.31.85.62.02.7-2.3-3.9-1.31.810.3
20154.9-4.52.1-2.30.4-1.91.70.31.3-1.21.0-1.10.3
20142.10.10.10.70.9-0.61.13.5-0.71.43.21.914.5
2013-2.00.91.71.2-2.6-2.40.7-1.10.80.7-1.0-1.2-4.4
20120.8-0.5-0.6
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: Amundi. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Rejoined series: the issuer’s historical data contains a unit redenomination (24 July 2026), not retroactively adjusted; we rejoined the earlier history to make it comparable. Returns and risk are computed on the rejoined series.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 9 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.05% /anno
Declared TER
0.05%
YearFundIndexDifference
2025+4.98%+5.03%-0.05%
2024-3.37%-3.32%-0.05%
2023+3.63%+3.69%-0.06%
2022-23.90%-23.83%-0.06%
2021-5.26%-5.16%-0.10%
2020+8.16%+8.27%-0.11%
2019+6.78%+6.90%-0.13%
2018+0.48%+0.57%-0.09%
2017+1.72%+1.83%-0.11%
Fund return with dividends reinvested by Rebalix on each ex-date (the issuer does not publish a total-return series); index from the issuer-declared series; complete calendar years covered by our dividend archive. complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)7.31%8.03%11.21%10.67%10.44%
Max drawdown-5.70%-11.56%-37.34%-39.66%-42.94%
Sharpe-0.26-0.41-0.83-0.46-0.22
Sortino-0.34-0.54-1.13-0.65-0.31
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Duration and maturities

Duration · modified duration
7.25years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Source: factsheet Amundi, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
AA
99.99%

Source: factsheet Amundi, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Securities in portfolio
70
Top-10 weight
23.6%

Top 10 holdings

UNITED KINGDO TSY 4.375% 07Mar28 · YT0326355
2.64%
UNITED KINGDO TSY 4.75% 07Dec30 · EG8729493
2.55%
UNITED KINGDO TSY 4.375% 07Mar30 · YS3109495
2.51%
UNITED KINGDO TSY 4.25% 07Jun32 · EC2565959
2.49%
UNITED KINGDO TSY 4% 22May29 · YK6126519
2.30%
UNITED KINGDO TSY 4.75% 22Oct35 · YL1322681
2.27%
UNITED KINGDO TSY 1.25% 22Jul27 · AM7816755
2.24%
UNITED KINGDO TSY 4.5% 07Mar35 · YR0755938
2.20%
UNITED KINGDO TSY 0.875% 22Oct29 · AX8262112
2.20%
UNITED KINGDO TSY 4.5% 07Sep34 · EH8677559
2.16%

Sectors

Government
100.0%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United Kingdom100%
⬇ Download the full portfolio — Excel, 71 rows
Full portfolio declared by Amundi, as of 1 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Frequency
Annual
Latest dividend
0.1585 GBP
ex 9 Dec 2025 · paid ~12 Dec 2025
Dividends, last 12 months
0.16 GBP
Dividend yield
3.19%
12-month sum over the NAV as of 2 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.16 GBP3.14 %
20250.16 GBP3.16 %
20240.13 GBP2.50 %
20230.11 GBP2.08 %
20220.13 GBP1.79 %
20210.13 GBP1.73 %

Dividend contribution to total return

-30%-20%-10%0%10%+1.85 %1 year+4.97 %2025−3.33 %2024+3.55 %2023−23.74 %2022−5.22 %2021
dividendsprice changeprice decline

Calendar per share (GBP)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20250.16
20240.13
20230.11
20220.070.05
20210.080.05
20200.090.06
20190.100.07
20180.110.08
20170.120.08
20160.130.05

Latest dividends

Per shareEx-dividend datePayment
0.1585 GBP9 Dec 202512 Dec 2025 · estimated
0.133 GBP10 Dec 202413 Dec 2024 · estimated
0.109 GBP12 Dec 202315 Dec 2023 · estimated
0.053 GBP7 Dec 20229 Dec 2022 · estimated
0.073 GBP6 Jul 20228 Jul 2022 · estimated
0.053 GBP8 Dec 202110 Dec 2021 · estimated
0.078 GBP7 Jul 20219 Jul 2021 · estimated
0.061 GBP9 Dec 202011 Dec 2020 · estimated
Per-share dividends as declared by the issuer, in GBP, since the first payment (6 Jul 2016). Past dividends are not indicative of future ones. An «estimated» payment date is computed by Rebalix (ex-date + 2-3 business days, as this issuer has paid in the past) because the issuer does not publish it: it may differ by a day. The 17 distributions before 24 Jul 2026 are restated in today’s units (÷20), like the re-joined NAV series: the issuer redenominated its units and publishes earlier amounts in the units of the time.

Index tracked

FTSE Actuaries UK Conventional Gilts All Stocks Total Return
This fund belongs to the government bonds family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
GILH · Amundinot on Borsa Italiana
0.07%Acc.3 mln EUR
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Italian taxation

Effective rate on capital gains
12.80%
White-list share
97.80%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

LU1407892592LYTG
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Börse Düsseldorf—7 Sept 2017
Börse Hamburg—19 Oct 2016
Börse Hannover—9 Dec 2024
Börse München / gettex—13 Oct 2016
Euronext ParisGILS14 Oct 2016
Tradegate Exchange—31 Jul 2024
+ 16 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Amundi Core UK Government Bond UCITS ETF Dist track?
The issuer Amundi declares the benchmark: FTSE Actuaries UK Conventional Gilts All Stocks Total Return.
How much does GILS cost?
The issuer-declared TER is 0.05% per year; the transaction costs estimated in the KID are 0.00%.
How is GILS taxed in Italy?
On sale, the capital gain is taxed at an effective 12.80% rate (white-list share 97.80%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of GILS?
The fund size declared by Amundi is about 1.8 billion euro.
When was GILS launched?
The fund was launched on 13 October 2016: it has 9 years of history.
How does GILS replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does GILS pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does GILS trade?
Per the official ESMA register it trades on 6 main exchanges, including Euronext Paris (GILS).
What was GILS's worst fall?
Over the available history (since 2012), the maximum drawdown was -38.24%, reached in September 2022. Past performance is not indicative of future results.
What is GILS's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.05% per year versus its index (from issuer-declared series).
How many securities does GILS hold?
The declared portfolio holds 70 securities; the top 10 positions weigh 23.6%.
Transparency note
The data in this sheet is declared by Amundi in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.