Amundi Euro Government Bond 3-5Y UCITS ETF Acc

What this fund is

Amundi Euro Government Bond 3-5Y UCITS ETF Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker LYMTB (ISIN LU1650488494). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about lending to governments and companies in return for regular interest, which tends to be steadier than shares but grows more slowly, focused on the European market. Rather than a manager picking stocks, it simply replicates the Bloomberg Euro Treasury 50bn 3-5 Year Bond Index index — the passive, low-cost approach, and its largest holdings include FRANCE OAT 2.5% 25May30, FRANCE OAT 1.5% 25May31 and FRENCH REPUBL OAT 2.75% 25Feb30. Spread across roughly 68 holdings (the ten largest ≈ 32%), no one position makes or breaks the fund.

Its biggest country exposures are ~26.6% Italy, ~24.4% France and ~21.9% Germany. Its heaviest sectors are ~100% Government. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.15% a year — about €15 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything.

It holds the underlying investments directly (physical replication); it is domiciled in Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in EUR. Its price has swung about 2.5% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2017. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Amundi.)