Global Bonds tracking the Bloomberg Global Aggregate Treasuries Total Return Index Value Hedged USD, physical replication, accumulating. Share class in US dollars (USD), currency-hedged.
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Amundi Global Treasury Bond UCITS ETF USD Hedged Acc tracks the issuer-declared index: Bloomberg Global Aggregate Treasuries Total Return Index Value Hedged USD. Mind the share class: this is the version hedged to USD — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.12%, 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 2 billion euro, was launched on 4 February 2025 and is domiciled in Luxembourg.
This Sub-Fund is passively managed. The objective of this Sub-Fund is to track the performance of Bloomberg Global Aggregate Treasuries Index (the "Index"), and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index.
Keep reading the KID section ▾
The anticipated level of the tracking error, under normal market conditions is indicated in the prospectus of the Sub-Fund. The Index is a Total Return Index : the coupons paid by the Index constituents are included in the index return. The Bloomberg Global Aggregate Treasuries Index is a subset of its parent index, the Bloomberg Global Aggregate Index, (the “Parent Index”), filtering for securities with a sector of treasury only. The parent index is a multi-currency bond index composed of local currency treasury, government-related, corporate and securitized fixed-rate investment grade bonds from both developed and emerging markets issuers. The Index is a multi-currency benchmark which includes fixed-rate treasury bonds with fixed minimum issues sizes set for all eligible currencies. The securities composing the Index are rated Investment Grade (using middle rating of Moodys, S&P and Fitch) and have at least one year until final maturity. 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 (LGTRTRUU) 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 may implement a sampled replication model in order to track the performance of the Index and it is therefore not expected that the sub-fund 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 sub-fund 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 also if it allows a better exposition to an Index constituent. In order to generate additional income to offset its costs, the Sub-Fund may also enter into securities lending operations.
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 Sub-Fund 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 reinvests, 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.
Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 27 Feb 2026 | 28 Sept 2026 | -3.24% | ongoing | 231 |
| 04 Apr 2025 | 21 May 2025 | -1.53% | 26 Jun 2025 | 83 |
| 28 Feb 2025 | 12 Mar 2025 | -1.30% | 03 Apr 2025 | 34 |
| 22 Oct 2025 | 08 Dec 2025 | -0.92% | 12 Feb 2026 | 113 |
| 01 Jul 2025 | 15 Jul 2025 | -0.87% | 04 Aug 2025 | 34 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.1 | 1.5 | -1.9 | 0.2 | 0.5 | 0.4 | -0.9 | -0.1 | -1.4 | 1.0 | -0.7 | ||
| 2025 | -0.6 | 1.2 | -0.6 | 0.8 | -0.2 | 0.2 | 0.6 | 0.9 | -0.0 | -0.4 | 3.0(since launch) |
We do not publish a tracking difference for this share class — and it is not an oversight.
GTSB is hedged to USD; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.
Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the USD-hedged index series, which the issuer does not publish today.
| Last year | Full history | |
|---|---|---|
| Volatility (ann.) | 5.46% | 6.92% |
| Max drawdown | -4.31% | -11.40% |
| Sharpe | 0.04 | -0.82 |
| Sortino | 0.06 | -1.03 |
Price sensitivity to rates: the longer, the more the fund moves. What is duration →
Source: factsheet Amundi, data as of 30 September 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
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.
Source: factsheet Amundi, data as of 30 September 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.
| Exchange | Ticker | Exchange source | Registered since |
|---|---|---|---|
| Xetra (Deutsche Börse) | GTSBfrom tax document | ESMA register (FIRDS) | 20 Feb 2025 |