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Amundi Euro Government Bond 10-15Y UCITS ETF DistIndex, costs, backtest, listings and taxation

ISIN: LU1650489898Ticker: NADB (Xetra)Issuer: AmundiClass: UCITS ETF Dist

Issuer-declared data

Declared index

Bloomberg Euro Treasury 50bn 10-15 Year Bond Index

TER

0.15%

Transaction costs

0.01% (issuer estimate, from the KID)

Management

Passive (index-tracking) (from the KID)

Replication

Physical

Income policy

Distributing

SFDR

Article 6 — does not promote specific ESG characteristics what does it mean?

Fund assets

21.2 mln EUR

NAV

134.77 EUR (1 September 2026)

Domicile

Luxembourg

Inception date

17 September 2020

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 Euro Government Bond 10-15Y UCITS ETF Dist tracks the issuer-declared index: Bloomberg Euro Treasury 50bn 10-15 Year Bond Index. The declared annual cost (TER) is 0.15%, plus 0.01% 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 21 million euro, was launched on 17 September 2020 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 UCITS passively managed. The investment objective of Fund is to reflect the performance of the Bloomberg Barclays Euro Treasury 50bn 10-15 Year Bond Index (the Benchmark Index") denominated in Euros, while minimizing the volatility of the difference between the return of the Sub-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 Bloomberg Barclays Euro Treasury 50bn 10-15 Year Bond Index consists of fixed-rate, investment grade public obligations of the sovereign countries participating in the European Monetary Union. Only bonds denominated in euros with a maturity between 10 and up to (but not including) 15 years are included. Additional information about the Benchmark Index can be found at https://www.bloomberg.com/professional/product/indices/bloomberg-barclaysindices/. The Benchmark Index is a net total return index. A net total return index calculates the performance of the index constituents on the basis that any dividends or distributions are included in the index returns after withholding tax retention.
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, and may also engage in securities lending. The potential use of these techniques is published on Lyxor's website: www.lyxoretf.com. Updated composition of the Fund holdings is available on www.lyxoretf.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 Sub-Fund 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

Average tracking difference over the last 3 years: -0.16% p.a., against a declared TER of 0.15%.

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 version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF 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) · EUR · from Sept 2020 to Sept 2026

Dividends reinvestedAdjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

-20.0%

Annualised

-3.7%

Volatility (ann.)

8.7%

Max drawdown

-29.98%

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.

Max drawdown

-29.98%

peak → trough

Trough

03 Oct 2023

from the 11 Dec 2020 peak

Recovery time

not yet

recovery only: trough to break-even

Underwater

2,097 days

decline + recovery: peak to break-even · ≈ 5 years and 9 months · (ongoing)

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
11 Dec 2020	03 Oct 2023	-29.98%	ongoing	2,097
05 Nov 2020	10 Nov 2020	-1.26%	26 Nov 2020	21
16 Oct 2020	22 Oct 2020	-1.05%	04 Nov 2020	19
26 Nov 2020	01 Dec 2020	-0.72%	08 Dec 2020	12
29 Sept 2020	30 Sept 2020	-0.31%	02 Oct 2020	3

Calendar-year returns

2020

2.1%

2021

-4.6%

2022

-25.4%

2023

10.6%

2024

1.6%

2025

0.3%

2026

-2.3%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	1.0	2.2	-4.1	0.5	1.7	0.6	-2.7	-1.1	-0.3				-2.3
2025	-0.4	0.9	-3.1	2.7	0.4	-0.3	-0.3	-0.8	0.8	1.4	-0.0	-1.0	0.3
2024	-0.7	-1.4	1.5	-2.1	-0.2	-0.0	3.2	0.3	1.7	-1.5	3.2	-2.3	1.6
2023	4.0	-2.9	3.4	-0.2	0.7	0.3	-0.6	0.3	-4.3	0.2	4.7	5.2	10.6
2022	-1.5	-2.9	-3.0	-5.6	-2.7	-2.7	5.8	-7.2	-5.6	0.5	3.7	-6.8	-25.4
2021	-0.8	-2.4	0.4	-1.6	-0.1	0.7	2.5	-0.8	-1.7	-1.3	2.5	-1.9	-4.6
2020										1.3	0.2	0.3	2.1

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.

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 5 calendar years: a past observation, not an indication of future outperformance.

Average TD (last 3 years)

-0.16% /anno

Declared TER

0.15%

Year	Fund	Index	Difference
2025	+0.27%	+0.44%	-0.16%
2024	+1.61%	+1.76%	-0.15%
2023	+10.64%	+10.82%	-0.18%
2022	-25.41%	-25.27%	-0.14%
2021	-4.61%	-4.43%	-0.19%

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 year	Last 3 years	Last 5 years	Full history
Volatility (ann.)	6.77%	7.51%	9.48%	8.87%
Max drawdown	-6.68%	-9.57%	-30.79%	-33.58%
Sharpe	-1.00	-0.38	-0.89	-0.84
Sortino	-1.30	-0.51	-1.23	-1.16

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, the fund's currency; the table follows the currency selected in the chart.

Duration and maturities

Duration · modified duration

9.96years

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

Maturity breakdown (% of fund)

10–15 years

99.99%

Monetario

0.01%

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)

AAA

20.93%

6.98%

46.15%

BBB

25.66%

Other

0.28%

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

Top-10 weight

34.7%

Top 10 holdings

FRANCE OAT 4.5% 25Apr41 · EH8786723

5.09%

ITALIAN REPUB BTPS 4% 01Feb37 · EF1307950

3.91%

GERMANY BRD 4% 04Jan37 · ED7838094

3.64%

FRANCE OAT 4% 25Oct38 · EF6625018

3.45%

ITALIAN REPUB BTPS 5% 01Aug39 · EG9398371

3.28%

FRANCE OAT 1.75% 25Jun39 · AL9974240

3.13%

ITALIAN REPUB BTPS 5% 01Sep40 · EH9691161

3.11%

SPAIN (KINGDO 4.2% 31Jan37 · ED7737726

3.10%

GERMANY BRD 4.75% 04Jul40 · EH4697106

3.01%

FEDERAL REPUB BRD 1% 15May38 · BV9824384

2.94%

Sectors

Government

100.0%

Countries

up to 1%1–5%5–15%15–30%over 30%

Hover a country for its percentage.

Top 7 countries

Italy25.6%

France21.2%

Spain18.2%

Germany15.2%

Belgium5.6%

Netherlands4.7%

Austria4%

⬇ Download the full portfolio — Excel, 55 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

3.67 EUR

ex 9 Dec 2025 · paid ~12 Dec 2025

Dividends, last 12 months

3.67 EUR

Dividend yield

2.73%

12-month sum over the NAV as of 8 Sept 2026

Yield by year

Period	Dividends	Dividend yield
1 year	3.67 EUR	2.60 %
2025	3.67 EUR	2.60 %
2024	3.34 EUR	2.35 %
2023	2.99 EUR	2.28 %
2022	3.77 EUR	2.09 %
2021	3.97 EUR	2.06 %

Dividend contribution to total return

dividendsprice changeprice decline

Calendar per share (EUR)

Year	Jul	Dec
2025		3.67
2024		3.34
2023		2.99
2022	2.23	1.54
2021	2.31	1.66
2020		1.79

Latest dividends

Per share	Ex-dividend date	Payment
3.67 EUR	9 Dec 2025	12 Dec 2025 · estimated
3.34 EUR	10 Dec 2024	13 Dec 2024 · estimated
2.99 EUR	12 Dec 2023	15 Dec 2023 · estimated
1.54 EUR	7 Dec 2022	9 Dec 2022 · estimated
2.23 EUR	6 Jul 2022	8 Jul 2022 · estimated
1.66 EUR	8 Dec 2021	10 Dec 2021 · estimated
2.31 EUR	7 Jul 2021	9 Jul 2021 · estimated
1.79 EUR	9 Dec 2020	11 Dec 2020 · estimated

Per-share dividends as declared by the issuer, in EUR, since the first payment (9 Dec 2020). 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.

Index tracked

Bloomberg Euro Treasury 50bn 10-15 Year Bond Index

This fund belongs to the government bonds family: compare all census ETFs in this family →

ETFs declaring the same index

Fund	TER	Income	Fund size
Amundi Euro Government Bond 10-15Y UCITS ETF Acc compare ⇄ EM1015 · Amundi	0.15%	Acc.	1 mld 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

12.59%

White-list share

99.31%

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:

LU1650489898NADB

Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed

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

Exchange	Ticker	Trading since
Börse Düsseldorf	NADB	18 Sept 2020
Börse Frankfurt	NADB	18 Sept 2020
Börse Hamburg	NADB	28 Nov 2023
Börse Hannover	NADB	9 Dec 2024
Börse München / gettex	NADB	18 Sept 2020
Börse Stuttgart	NADB	17 Nov 2020
Tradegate Exchange	NADB	18 Sept 2020
Xetra (Deutsche Börse)	NADB	18 Sept 2020

+ 19 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 Euro Government Bond 10-15Y UCITS ETF Dist track?

The issuer Amundi declares the benchmark: Bloomberg Euro Treasury 50bn 10-15 Year Bond Index.

How much does NADB cost?

The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.01%.

How is NADB taxed in Italy?

On sale, the capital gain is taxed at an effective 12.59% rate (white-list share 99.31%): 12.5% on the government-bond “white list” portion, 26% on the rest.

What is the fund size of NADB?

The fund size declared by Amundi is about 21 million euro.

When was NADB launched?

The fund was launched on 17 September 2020: it has 5 years of history.

How does NADB replicate its index?

It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).

Does NADB pay dividends?

Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).

Where does NADB trade?

Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (NADB), Börse Frankfurt (NADB), Börse Hamburg (NADB), Börse Hannover (NADB), Börse München / gettex (NADB), Börse Stuttgart (NADB).

What was NADB's worst fall?

Over the available history (since 2020), the maximum drawdown was -33.58%, reached in October 2023. Past performance is not indicative of future results.

What is NADB's tracking difference?

Over the last 3 complete calendar years the fund returned on average -0.16% per year versus its index (from issuer-declared series).

How many securities does NADB hold?

The declared portfolio holds 54 securities; the top 10 positions weigh 34.7%.

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.