Amundi Euro Government Bond 7-10Y UCITS ETF Dist

What this fund is

Amundi Euro Government Bond 7-10Y UCITS ETF Dist is an exchange-traded fund (ETF) from Amundi, traded under the ticker MTDD (ISIN LU2090062949). 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 7-10 Year Bond Index index — the passive, low-cost approach, and its largest holdings include FRENCH REPUBL OAT 3.5% 25Nov33, FRENCH REPUBL OAT 3.5% 25Nov35 and FRENCH REPUBL OAT 1.25% 25May34. With about 63 holdings (the ten largest ≈ 35%), your money is diversified rather than concentrated in a handful of names.

Its biggest country exposures are ~26.8% France, ~20.7% Germany and ~18.6% Italy. By industry it concentrates most in ~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. It is a distributing share class — dividends are paid to you as cash rather than reinvested, and over the last year it paid out roughly 4.5% (its trailing yield).

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 4.9% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2020. 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.)