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Amundi US Treasury Bond 0-1Y UCITS ETF 2 MXN Hedged AccIndex, costs, backtest, listings and taxation

ISIN: LU2368674714Ticker: PR1MX (Euronext Paris)Issuer: AmundiClass: UCITS ETF 2 MXN Hedged Acc Currency hedging: MXN-hedged share class
Issuer-declared data
TER
0.08%
Transaction costs
0.08% (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
1.4 bn EUR
NAV
6,174.32 MXN (31 August 2026)
Domicile
Luxembourg
Inception date
5 October 2021
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 US Treasury Bond 0-1Y UCITS ETF 2 MXN Hedged Acc tracks the issuer-declared index: Bloomberg Short Treasury Total Return Index Value Unhedged USD. Mind the share class: this is the version hedged to Mexican Peso (MXN) — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.08%, plus 0.08% 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 1.4 billion euro, was launched on 5 October 2021 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

This Sub-Fund is passively managed. The objective of this Sub-Fund is to track the performance of Bloomberg US Short Treasury Index (the "Index"), and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index. The anticipated level of the tracking error, under normal market conditions, is indicated in the prospectus of the Sub-Fund. The Bloomberg US Short Treasury Index is a bond index representative of USD-denominated bills, bonds and notes issued by the US government. The Index includes treasury bills issued in fixed maturity terms of 4, 13, 26, and 52 weeks and treasury notes and bonds that have fallen below one year to maturity. The Index is a Total Return Index : the coupons paid by the Index constituents are included in the Index return. More information about the composition of the Index and its operating rules are available in the prospectus and at: www.bloomberg.com. The Index value is available via Bloomberg (LT12TRUU). The exposure to the Index will be achieved through a direct replication, mainly by making direct investments in transferable securities and/or other eligible assets representing the Index constituents. The Sub-fund intends to implement a sampled replication model in order to track the performance of the Index and it is therefore not expected that the Subfund will hold each and every underlying component of the Index at all times or hold them in the same proportion as their weightings in the Index. The SubFund may also hold some securities which are not underlying components of the Index. The Investment Manager will be able to use derivatives in order to deal with inflows and outflows and which relate to the Index or constituents of the Index for investment and/or efficient portfolio management. In order to generate additional income to offset its costs, the Sub-Fund may also enter into securities lending operations. 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. Updated composition of the Sub-Fund holdings is available on www.amundietf.com.

Keep reading the KID section ▾

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 Amundi Index Solutions 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 · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.08%: below the median of bond ETFs we track (0.15%).
  • Assets larger than 87% of bond ETFs we track.
  • Average tracking difference over the last 3 years: -0.38% p.a., against a declared TER of 0.08%.
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) · MXN · from Oct 2021 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+54.6%
Annualised
+9.3%
Volatility (ann.)
0.5%
Max drawdown
-0.72%
-3%+13%+28%+44%+59%Oct 2021Dec 2022Mar 2024Jun 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%)+55%Oct 2021Sept 2026
Note — currency risk: the fund is denominated (or hedged) in MXN and the chart is in MXN. For a euro investor, returns also depend on the EUR/MXN 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%-1%-2%-3%-4%20222023202420252026−0.72% · 26 Mar 2024
Max drawdown
-0.72%
peak → trough
Trough
26 Mar 2024
from the 12 Mar 2024 peak
Recovery time
23 days
recovery only: trough to break-even
Underwater
37 days
decline + recovery: peak to break-even · → recovered on 18 Apr 2024

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
12 Mar 202426 Mar 2024-0.72%18 Apr 202437
09 Jun 202214 Jun 2022-0.25%22 Jun 202213
29 Dec 202530 Dec 2025-0.07%02 Jan 20264
08 Apr 202509 Apr 2025-0.07%10 Apr 20252
24 Mar 202328 Mar 2023-0.07%30 Mar 20236

Calendar-year returns

2021
1.5%
2022
7.3%
2023
12.1%
2024
10.8%
2025
9.2%
2026
4.6%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.60.50.60.50.50.50.60.50.14.6
20250.90.80.70.90.80.70.70.70.70.70.60.69.2
20240.90.9-0.31.00.90.91.01.40.90.80.81.010.8
20230.90.71.20.80.91.01.01.11.00.91.00.912.1
20220.40.40.50.50.70.40.60.70.60.60.80.97.3
20210.50.61.5
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 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.38% /anno
Declared TER
0.08%
YearFundIndexDifference
2025+9.18%+9.24%-0.06%
2024+10.81%+11.59%-0.79%
2023+12.12%+12.40%-0.28%
2022+7.32%+7.53%-0.22%
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

Last yearLast 3 yearsLast 5 years
Volatility (ann.)0.26%0.46%0.49%
Max drawdown-0.07%-0.72%-0.72%
Sharpe17.9412.7012.58
Sortino52.0728.6231.31
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.

Duration and maturities

Duration · modified duration
0.35years

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)
AAA
66.42%
AA
36.03%
Other
-2.45%

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
90
Top-10 weight
28.2%

Top 10 holdings

THE UNITED ST TBIP % 03Sep26 · 912797RS8
4.31%
THE UNITED ST TBIP % 10Sep26 · 912797UF2
3.70%
THE UNITED ST TBIP % 29Oct26 · 912797SK4
3.01%
THE UNITED ST TBIP % 01Oct26 · 912797SA6
2.98%
THE UNITED ST TBIP % 15Sep26 · 912797VC8
2.38%
THE UNITED ST TBIP % 22Oct26 · 912797UL9
2.38%
THE UNITED ST TBIP % 17Sep26 · 912797UG0
2.36%
THE UNITED ST TBIP % 24Sep26 · 912797UH8
2.36%
THE UNITED ST TBIP % 15Oct26 · 912797UK1
2.36%
THE UNITED ST TBIP % 22Sep26 · 912797VD6
2.34%

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, 91 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 →

Index tracked

Bloomberg Short Treasury Total Return Index Value Unhedged USD
This fund belongs to the government bonds family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
PR1T · Amundi · 3 classesnot on Borsa Italiana
0.05%Acc.59 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
12.81%
White-list share
97.70%
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

ExchangeTicker
BMV—
CBOE CXE—
Euronext ParisPR1MX
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 Treasury Bond 0-1Y UCITS ETF 2 MXN Hedged Acc track?
The issuer Amundi declares the benchmark: Bloomberg Short Treasury Total Return Index Value Unhedged USD.
How much does PR1MX cost?
The issuer-declared TER is 0.08% per year; the transaction costs estimated in the KID are 0.08%.
How is PR1MX taxed in Italy?
On sale, the capital gain is taxed at an effective 12.81% rate (white-list share 97.70%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of PR1MX?
The fund size declared by Amundi is about 1.4 billion euro.
When was PR1MX launched?
The fund was launched on 5 October 2021: it has 4 years of history.
How does PR1MX replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does PR1MX pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does PR1MX trade?
Per the official ESMA register it trades on 3 main exchanges, including Euronext Paris (PR1MX).
What is PR1MX's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.38% per year versus its index (from issuer-declared series).
How many securities does PR1MX hold?
The declared portfolio holds 90 securities; the top 10 positions weigh 28.2%.
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.