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Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF GBP Hedged DistIndex, costs, backtest, listings and taxation

ISIN: LU1981860585Ticker: XCOGIssuer: AmundiClass: UCITS ETF GBP Hedged Dist Currency hedging: GBP-hedged share class
Issuer-declared data
Declared index
Bloomberg MSCI Global Green Bond 1-10 Year Index
TER
0.15%
Transaction costs
0.04% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
1.3 mln EUR
NAV
21.08 GBP (31 August 2026)
Domicile
Luxembourg
Inception date
11 May 2022
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 Global Aggregate Proceeds Bond 1-10Y UCITS ETF GBP Hedged Dist tracks the issuer-declared index: Bloomberg MSCI Global Green Bond 1-10 Year Index. Mind the share class: this is the version hedged to GBP — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.15%, plus 0.04% 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 million euro, was launched on 11 May 2022 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 track both the upward and the downward evolution of the Bloomberg MSCI Global Green Bond 1-10 Year Index (the "Benchmark Index") denominated in EUR, 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 of the Fund. The Benchmark Index is representative of the performance of Green Bonds issued by investment grade entities and denominated in multiple currencies. Green Bonds are issued in order to fund projects that have positive environmental outcomes. To be eligible in the Benchmark Index, Green Bonds are independently evaluated by MSCI ESG Research along four dimensions to determine whether they should be classified as green bond: stated use of proceeds, process for green project evaluation and selection, process for management of proceeds, commitment to ongoing reporting of the environmental performance of the use of proceeds. More information can be found on the website: http://www.msci.com/. The Benchmark Index follows an extra-financial approach significantly engaging that contributes to the energy and ecological transition by investing at least 90% of the net asset value of the Fund in Green Bonds comprising the Benchmark Index. Limits of the methodology of the Benchmark Index are described in the prospectus of the Fund through risk factors, such as the market risk linked to controversies. The ESG score of companies is calculated by an ESG rating agency, using raw data, models and estimates collected/calculated using methods specific to each provider. Due to the lack of standardisation and the uniqueness of each methodology, the information provided may be incomplete. Assessment of sustainability risks is complex and may be based on ESG data which is difficult to obtain, incomplete, estimated, out of date and/or otherwise materially inaccurate. Even when identified, there can be no guarantee that these data will be correctly assessed. Additional information on the Benchmark Index may be found on the following website: www.bloomberg.com/indices. The Benchmark Index is a total return index. A total return index calculates the performance of the index constituents on the basis that any coupons or distributions are included in the index returns.

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 transactions. The potential use of these techniques 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. In order to hedge the currency of the share against the currency of the index, the Fund uses a hedging strategy which reduces the impact of changes between the currency of the Index and the currency of the share class.

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: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: -0.24% 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 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 May 2022 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+12.7%
Annualised
+2.8%
Volatility (ann.)
3.8%
Max drawdown
-8.06%
-10%-3%+4%+11%+17%May 2022Jun 2023Jul 2024Aug 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+13%May 2022Sept 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.
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.
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%-2%-4%-6%-8%-10%20222023202420252026−8.06% · 21 Oct 2022
Max drawdown
-8.06%
peak → trough
Trough
21 Oct 2022
from the 01 Aug 2022 peak
Recovery time
419 days
recovery only: trough to break-even · ≈ 1 year and 2 months
Underwater
500 days
decline + recovery: peak to break-even · ≈ 1 year and 4 months · → recovered on 14 Dec 2023

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
01 Aug 202221 Oct 2022-8.06%14 Dec 2023500
27 May 202214 Jun 2022-4.48%28 Jul 202262
27 Feb 202627 Mar 2026-2.53%25 Jun 2026118
10 Dec 202414 Jan 2025-1.72%05 Feb 202557
27 Dec 202313 Feb 2024-1.49%05 Jun 2024161

Calendar-year returns

2022
-5.4%
2023
7.9%
2024
4.3%
2025
5.2%
2026
0.6%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.71.0-2.10.71.00.5-0.9-0.1-0.20.6
20250.50.9-0.51.40.30.50.40.40.40.80.1-0.15.2
2024-0.0-0.91.1-1.00.60.71.70.71.2-0.81.4-0.54.3
20232.2-1.41.50.60.0-0.50.70.3-1.10.22.42.97.9
2022-2.33.1-3.5-3.2-0.32.3-1.5-5.4
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 3 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.24% /anno
Declared TER
0.15%
YearFundIndexDifference
2025+5.16%+5.38%-0.22%
2024+4.27%+4.57%-0.30%
2023+7.94%+8.14%-0.20%
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 yearsFull history
Volatility (ann.)4.87%5.54%6.88%
Max drawdown-4.10%-6.21%-13.62%
Sharpe-0.43-0.03-0.23
Sortino-0.55-0.04-0.31
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. 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
4.33years

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

Maturity breakdown (% of fund)
3–12 mesi
0.62%
1–3 years
23.02%
3–5 years
26.05%
5–7 years
30.51%
7–10 years
19.56%
Cash and derivatives
0.24%

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
35.06%
AA
12.22%
A
22.52%
BBB
29.99%
Not rated
0.35%
Other
-0.13%

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
279
Top-10 weight
14.9%

Top 10 holdings

UNITED KINGDO TSY 0.875% 31Jul33 · BR2057668
3.24%
EUROPEAN UNIO 2.75% 04Feb33 · ZN3784784
2.03%
FEDERAL REPUB BRD 2.5% 15Feb35 · YQ9600582
1.95%
REPUBLIC OF I BTPS 4% 30Apr35 · BY8794178
1.83%
GACI FIRST IN 5.25% Oct32 · BZ3435600
1.11%
FEDERAL REPUB BOBL 2.1% 12Apr29 · ZB6879496
1.09%
KINGDOM OF BE OLO 1.25% 22Apr33 · AQ3876663
0.97%
REPUBLIK OEST 2.9% 23May29 · ZK2454146
0.89%
REPUBLIC OF I BTPS 4% 30Oct31 · ZK0285476
0.88%
FEDERAL REPUB BRD % 15Aug30 · ZO2919926
0.87%

Sectors

Government
46.7%
Financials
32.1%
Utilities
15.2%
Consumer Discretionary
3.6%
Industrials
2.1%
Communications
0.3%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 2.4%Austria: 1.7%AzerbaijanBurundiBelgium: 1.8%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 2.9%SwitzerlandChile: 0.6%ChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 25.9%DjiboutiDenmark: 1.7%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 4.4%EstoniaEthiopiaFinland: 2%FijiFalkland IslandsFrance: 11.2%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungary: 0.4%IndonesiaIndiaIreland: 1.5%IranIraqIcelandIsraelItaly: 3.1%JamaicaJordanJapan: 1.1%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 0.8%LatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 6.8%Norway: 0.8%NepalNew Zealand: 0.5%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPoland: 0.3%Puerto RicoNorth KoreaPortugal: 0.4%ParaguayQatarRomania: 0.2%RussiaRwandaWestern SaharaSaudi Arabia: 1.1%SudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 3.8%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 7.5%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Germany25.9%
France11.2%
Supranationals9.2%
United States7.5%
Netherlands6.8%
United Kingdom6.7%
Spain4.4%
⬇ Download the full portfolio — Excel, 280 rows
Full portfolio declared by Amundi, as of 27 August 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
0.55 GBP
ex 9 Dec 2025 · paid ~12 Dec 2025
Dividends, last 12 months
0.55 GBP
Dividend yield
2.61%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.55 GBP2.58 %
20250.55 GBP2.69 %
20240.40 GBP2.00 %
20230.30 GBP1.60 %

Dividend contribution to total return

-10%0%10%+1.46 %1 year+5.15 %2025+4.29 %2024+7.91 %2023
dividendsprice changeprice decline

Calendar per share (GBP)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20250.55
20240.40
20230.30
20220.15

Latest dividends

Per shareEx-dividend datePayment
0.55 GBP9 Dec 202512 Dec 2025 · estimated
0.40 GBP10 Dec 202413 Dec 2024 · estimated
0.30 GBP12 Dec 202315 Dec 2023 · estimated
0.15 GBP7 Dec 20229 Dec 2022 · estimated
Per-share dividends as declared by the issuer, in GBP, since the first payment (7 Dec 2022). 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.

ETFs declaring the same index

FundTERIncomeFund size
XCO2E · Amundi · 5 classes
0.15%Dist. · 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
22.68%
White-list share
24.60%
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 Hannover0CO017 Oct 2025
Tradegate Exchange0CO015 Oct 2025
+ 3 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 Global Aggregate Proceeds Bond 1-10Y UCITS ETF GBP Hedged Dist track?
The issuer Amundi declares the benchmark: Bloomberg MSCI Global Green Bond 1-10 Year Index.
How much does XCOG cost?
The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.04%.
How is XCOG taxed in Italy?
On sale, the capital gain is taxed at an effective 22.68% rate (white-list share 24.60%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of XCOG?
The fund size declared by Amundi is about 1 million euro.
When was XCOG launched?
The fund was launched on 11 May 2022: it has 4 years of history.
How does XCOG replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does XCOG pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does XCOG trade?
Per the official ESMA register it trades on 2 main exchanges, including Börse Hannover (0CO0), Tradegate Exchange (0CO0).
What was XCOG's worst fall?
Over the available history (since 2022), the maximum drawdown was -8.06%, reached in October 2022. Past performance is not indicative of future results.
What is XCOG's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.24% per year versus its index (from issuer-declared series).
How many securities does XCOG hold?
The declared portfolio holds 279 securities; the top 10 positions weigh 14.9%.
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.