← Search another ETF⎙ Printable sheet (PDF)
ETF sheet · Issuer-declared data
🇮🇹 Effective capital-gains rate: 12.55%details →

Amundi US TIPS UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: LU1452600197Ticker: 9V60 (Xetra) · TIPA (London SE)Issuer: AmundiClass: UCITS ETF Acc
Issuer-declared data
TER
0.09%
Transaction costs
0.04% (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
93.1 mln EUR
NAV
23.37 USD (31 August 2026)
Domicile
Luxembourg
Inception date
23 September 2019
Data as declared by Amundi in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
📬 Follow the engine as we build it

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

Description

Amundi US TIPS UCITS ETF Acc tracks the issuer-declared index: Bloomberg Capital US Government Inflation Linked Bonds TR. The declared annual cost (TER) is 0.09%, plus 0.04% in transaction costs estimated by the issuer in the KID. Replication is direct physical replication; income is accumulated and reinvested in the fund. The fund has assets of about 93 million euro, was launched on 23 September 2019 and is domiciled in Luxembourg. In our registry 1 other ETFs declare 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 of the Barclays US Government Inflation-Linked Bond Index (the Benchmark Index"), denominated in USD, in order to offer an exposure to the US Treasury Inflation Protected Securities (TIPS) market, 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. The Benchmark Index is a total return index. A total return index calculates the performance of the index constituents on the basis that any dividends or distributions are included in the index returns. In order to hedge against the USD/GBP currency risk on the share class, the Fund uses a daily hedging strategy which reduces the impact of changes between the currency of the Benchmark Index and the currency of the share class. Additional information about the Benchmark Index can be found at www.bloombergindices.com.

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. 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 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:As this is a non-distributing share class, investment income is reinvested. the accumulation share automatically retains, and re-invests, all attributable income within the Sub-Fund; thereby accumulating value in the price of the accumulation shares.

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 · 7 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.09%: below the median of bond ETFs we track (0.15%).
  • Average tracking difference over the last 3 years: -0.08% p.a., against a declared TER of 0.09%.
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) · USD · from Sept 2019 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+17.1%
Annualised
+2.3%
Volatility (ann.)
6.2%
Max drawdown
-15.22%
-7%+0%+8%+15%+23%Sept 2019Jul 2021Mar 2023Dec 2024Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+17%Sept 2019Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD 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%-5%-10%-15%-20%2019202120232025−15.22% · 09 Oct 2023
Max drawdown
-15.22%
peak → trough
Trough
09 Oct 2023
from the 09 Nov 2021 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
1,764 days
decline + recovery: peak to break-even · ≈ 4 years and 10 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
09 Nov 202109 Oct 2023-15.22%ongoing1,764
06 Mar 202018 Mar 2020-10.05%23 Jun 2020109
28 Jan 202125 Feb 2021-3.25%05 May 202197
27 Oct 202101 Nov 2021-1.58%08 Nov 202112
01 Sept 202009 Nov 2020-1.58%30 Nov 202090

Calendar-year returns

2019
0.3%
2020
11.4%
2021
5.9%
2022
-12.7%
2023
3.8%
2024
1.7%
2025
6.8%
2026
0.6%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.31.4-1.41.20.1-0.5-0.80.10.20.6
20251.32.30.50.1-0.60.90.11.50.50.40.1-0.46.8
20240.1-1.10.8-1.81.80.71.80.81.5-1.80.5-1.71.7
20231.9-1.42.90.1-1.2-0.30.1-0.9-1.9-0.82.82.73.8
2022-2.20.8-1.9-2.2-1.2-3.34.5-2.7-6.91.21.9-1.0-12.7
20210.3-1.9-0.31.51.20.72.8-0.2-0.81.21.00.35.9
20202.31.5-1.82.90.21.12.51.0-0.4-0.71.21.111.4
20190.20.20.30.3
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.
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.

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 6 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.08% /anno
Declared TER
0.09%
YearFundIndexDifference
2025+6.81%+6.88%-0.07%
2024+1.68%+1.76%-0.08%
2023+3.76%+3.84%-0.08%
2022-12.70%-12.60%-0.09%
2021+5.90%+6.00%-0.10%
2020+11.45%+11.54%-0.10%
Total-return figures from issuer-declared series (primary source); 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 yearsFull history
Volatility (ann.)6.39%7.87%9.65%9.38%
Max drawdown-3.94%-11.10%-15.41%-15.41%
Sharpe-0.12-0.20-0.160.01
Sortino-0.17-0.28-0.230.01
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: 2.21%), 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
6.66years

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
99.15%
Other
0.85%

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
48
Top-10 weight
31.8%

Top 10 holdings

THE UNITED ST TSY 1.875% 15Jul35 · 91282CNS6
3.49%
THE UNITED ST TSY 2.125% 15Jan35 · 91282CML2
3.40%
THE UNITED ST TSY 1.875% 15Jan36 · 91282CPU9
3.40%
THE UNITED ST TSY 1.875% 15Jul34 · 91282CLE9
3.20%
THE UNITED ST TSY 1.25% 15Apr31 · 91282CQP9
3.19%
THE UNITED ST TSY 0.125% 15Jan32 · 91282CDX6
3.08%
THE UNITED ST TSY 1.125% 15Oct30 · 91282CPH8
3.06%
THE UNITED ST TSY 1.75% 15Jan34 · 91282CJY8
3.03%
THE UNITED ST TSY 1.625% 15Apr30 · 91282CNB3
3.03%
THE UNITED ST TSY 0.125% 15Jul31 · 91282CCM1
2.96%

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 America: 100%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States100%
Download the full portfolio — Excel, 49 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 →

Index tracked

Bloomberg Capital US Government Inflation Linked Bonds TR
This fund belongs to the government bonds family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
TIPU · Amundi · 3 classes
0.09%Dist.426 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
12.55%
White-list share
99.60%
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 →

Stock exchange listings

ExchangeTickerTrading since
Börse Hamburg9V6015 Feb 2021
Börse Hannover9V609 Dec 2024
Börse München / gettex9V6027 Sept 2021
Tradegate Exchange9V6027 Nov 2024
+ 5 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 US TIPS UCITS ETF Acc track?
The issuer Amundi declares the benchmark: Bloomberg Capital US Government Inflation Linked Bonds TR.
How much does TIPA cost?
The issuer-declared TER is 0.09% per year; the transaction costs estimated in the KID are 0.04%.
How is TIPA taxed in Italy?
On sale, the capital gain is taxed at an effective 12.55% rate (white-list share 99.60%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of TIPA?
The fund size declared by Amundi is about 93 million euro.
When was TIPA launched?
The fund was launched on 23 September 2019: it has 6 years of history.
How does TIPA replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does TIPA pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does TIPA trade?
Per the official ESMA register it trades on 4 main exchanges, including Börse Hamburg (9V60), Börse Hannover (9V60), Börse München / gettex (9V60), Tradegate Exchange (9V60).
What was TIPA's worst fall?
Over the available history (since 2019), the maximum drawdown was -15.22%, reached in October 2023. Past performance is not indicative of future results.
What is TIPA's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.08% per year versus its index (from issuer-declared series).
How many securities does TIPA hold?
The declared portfolio holds 48 securities; the top 10 positions weigh 31.8%.
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.