# US Hedged Equity Laddered Overlay Active Ucits ETF (HELA)

**Page:** https://fundology.uk/fund/hela · ISIN IE000VAZZYM3

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, HELA (US Hedged Equity Laddered Overlay Active Ucits ETF, ISIN IE000VAZZYM3) closed at £19.70 on the London Stock Exchange. Its ongoing charge is 0.65% a year (about £65 on £10,000). Over the year to 13/11/2026 its total return was +6.3%, or +2.5% after UK CPIH inflation.

## Summary

JPMorgan ETFs Ireland ICAV - US Hedged Equity Laddered Overlay Active Ucits ETF is an exchange-traded fund (ETF) from JPMorgan, launched in 2025. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.65% a year — about £65 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£19.70** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HELA |
| ISIN | IE000VAZZYM3 |
| Also listed as | HELO (London Stock Exchange, US dollars), HEOL (Xetra, euros) |
| Category | US shares |
| Type | ETF |
| Provider | JPMorgan |
| Income | Accumulating |
| Ongoing charge | 0.65% a year (£65 per £10,000) |
| Fund size | £7.5m |
| Launched | 2025 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 07/10/2025 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +6.27% | +2.51% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of JPMorgan ETFs Ireland ICAV - US Hedged Equity Laddered Overlay Active Ucits ETF in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +5.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | +5.9% | +2.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 7.55% | -4.31% |

## Largest fall

Volatility of JPMorgan ETFs Ireland ICAV - US Hedged Equity Laddered Overlay Active Ucits ETF in pounds, annualised from weekly returns to 13/11/2026: 7.5% over 1 year. Largest fall in the price of JPMorgan ETFs Ireland ICAV - US Hedged Equity Laddered Overlay Active Ucits ETF since October 2025, in pounds: −4.3% from 09/01/2026 to 27/03/2026. On 13/11/2026 the price of JPMorgan ETFs Ireland ICAV - US Hedged Equity Laddered Overlay Active Ucits ETF was 1.8% below its highest weekly close since October 2025 (09/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of JPMorgan ETFs Ireland ICAV - US Hedged Equity Laddered Overlay Active Ucits ETF 0.65% a year. Compared on 14/11/2026, 5 of the 254 other US share funds charge more, 7 the same and 242 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.65%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 13/11/2026, HELA holds 159 positions, according to its published holdings. The largest is Apple at 7.46% of the fund; the ten largest make up 38.4%.

### Top holdings

Largest positions (as of 13/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 7.46% |
| 2 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 6.56% |
| 3 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 6.17% |
| 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 4.46% |
| 5 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 2.73% |
| 6 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 2.67% |
| 7 | Cash and Cash Equivalent | — | 2.64% |
| 8 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 2.25% |
| 9 | Alphabet · Class C | [GOOGL](https://fundology.uk/stock/GOOGL) | 1.91% |
| 10 | Johnson & Johnson | [JNJ](https://fundology.uk/stock/JNJ) | 1.51% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Information Technology | 38.8% |
| Financials | 11.3% |
| Consumer Discretionary | 9.9% |
| Communication Services | 9.6% |
| Health Care | 9.0% |
| Industrials | 7.3% |
| Energy | 3.2% |
| Consumer Staples | 3.1% |
| Other sectors | 5.2% |

### By country

Added up from the fund’s published holdings, as of 06/11/2026.

| Country | Weight |
|---|---|
| United States | 94.7% |
| Ireland | 2.8% |
| Netherlands | 0.7% |
| Switzerland | 0.3% |
| Bermuda | 0.2% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 96.1% |
| Cash and money market | 2.6% |

The 150 holdings on record (of 159 reported): https://fundology.uk/fund/hela/holdings

## Questions people ask

**What is the ongoing charge of HELA?**

The ongoing charge of HELA is 0.65% a year — about £65 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of JPMorgan ETFs Ireland ICAV - US Hedged Equity Laddered Overlay Active Ucits ETF 0.65% a year. Compared on 14/11/2026, 5 of the 254 other US share funds charge more, 7 the same and 242 less (share classes counted once).

**Is HELA accumulating or distributing?**

HELA is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of HELA?**

The ISIN of HELA is IE000VAZZYM3. An ISIN identifies one exact share class of a fund; HELA is its ticker on the London Stock Exchange. The same share class is also listed as HELO (London Stock Exchange, US dollars) and HEOL (Xetra, euros).

**What does HELA hold?**

As of 13/11/2026, HELA holds 159 positions, according to its published holdings. The largest is Apple at 7.46% of the fund; the ten largest make up 38.4%. Its ten largest holdings are Apple (7.46%), Microsoft (6.56%), NVIDIA (6.17%), Amazon (4.46%), Broadcom (2.73%), Alphabet · Class A (2.67%), Cash and Cash Equivalent (2.64%), Meta Platforms · Class A (2.25%), Alphabet · Class C (1.91%) and Johnson & Johnson (1.51%).

**What were HELA’s returns in each of the last five years?**

Calendar-year returns of HELA in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +5.9%. Past performance is not a guide to future returns.

**How has HELA done after inflation?**

Over the year to 13/11/2026 HELA’s total return was +6.3%, or +2.5% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at J.P. Morgan Asset Management](https://am.jpmorgan.com/gb/en/asset-management/per/products/jpm-us-hedged-equity-laddered-overlay-active-ucits-etf-usd-acc-ie000vazzym3)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE000VAZZYM3&docTypeCode=KIID&docLang=EN&docCountry=GB)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.