Europe Bonds tracking the FTSE Actuaries UK Conventional Gilts All Stocks Total Return index, physical replication, accumulating. Share class in US dollars (USD), currency-hedged.
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Amundi Core UK Government Bond UCITS ETF USD Hedged Acc tracks the issuer-declared index: FTSE Actuaries UK Conventional Gilts All Stocks Total Return. 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 0.07%, plus 0.00% 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 3 million euro, was launched on 5 June 2025 and is domiciled in Luxembourg. In our registry 1 other ETFs declare the same index.
The Fund is an index-tracking UCITS passively managed. The investment objective of the Fund is to reflect the performance, whether positive or negative, of the FTSE Actuaries UK Conventional Gilts All Stocks index (the Benchmark Index") denominated in GBP and representative of UK government bonds ("Gilts") denominated in GBP, while minimizing the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the "Tracking Error").
Keep reading the KID section ▾
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. The anticipated level of tracking error in normal market conditions is indicated in the prospectus. Additional information about the Benchmark Index can be found at www.ftse.com. The Benchmark Index is a "total return" type of index (i.e.all coupons detached by the components of the Benchmark index are reinvested in the Benchmark Index).
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. The potential use of this technique 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.
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.
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 | 15 May 2026 | -5.21% | ongoing | 231 |
| 01 Jul 2025 | 02 Sept 2025 | -2.21% | 14 Oct 2025 | 105 |
| 11 Nov 2025 | 19 Nov 2025 | -1.67% | 04 Dec 2025 | 23 |
| 14 Jan 2026 | 05 Feb 2026 | -1.34% | 17 Feb 2026 | 34 |
| 04 Dec 2025 | 08 Dec 2025 | -0.71% | 07 Jan 2026 | 34 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.1 | 2.3 | -3.9 | -0.5 | 1.8 | 0.6 | -1.6 | 0.2 | -1.2 | 0.9 | -1.7 | ||
| 2025 | -0.3 | -0.9 | 0.7 | 2.7 | 0.1 | 0.2 | 2.9(from 10 Jun) |
We do not publish a tracking difference for this share class — and it is not an oversight.
GILH 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.) | 7.04% | 7.14% |
| Max drawdown | -5.50% | -5.50% |
| Sharpe | 0.16 | 0.00 |
| Sortino | 0.23 | 0.00 |
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.
| Fund | TER | Income | Fund size |
|---|---|---|---|
GILS · Amundinot on Borsa Italiana | 0.05% | Dist. | 1.8 mld EUR |
| Exchange | Ticker | Exchange source | Registered since |
|---|---|---|---|
| London Stock Exchange | GILHfrom tax document | issuer’s tax document (exchange outside the FIRDS perimeter) | — |
| Exchange | Ticker | Exchange source | Registered since |
|---|---|---|---|
| BIVA (México) | not available | issuer’s product list (exchange outside the FIRDS perimeter) | — |
| Luxembourg Stock Exchange | not available | ESMA register (FIRDS) | 12 Jun 2025 |