# Nasdaq Hedged Equity Laddered Overlay Active UCITS ETF (HEQA)

**Source:** https://fundology.uk/fund/heqa · ISIN IE000JIPY1U8 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (JPMorgan), ONS CPIH, FCA FIRDS

## 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 01/10/2026, HEQA (Nasdaq Hedged Equity Laddered Overlay Active UCITS ETF, ISIN IE000JIPY1U8) closed at £20.24 on the London Stock Exchange. Its ongoing charge is 0.65% a year (about £65 on £10,000). Over the year to 01/10/2026 its total return was +10.2%, or +6.7% after UK CPIH inflation.

## Summary

JPMorgan ETFs Ireland ICAV - Nasdaq 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£20.24** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HEQA |
| ISIN | IE000JIPY1U8 |
| Category | European shares |
| Type | ETF |
| Provider | JPMorgan |
| Income | Accumulating |
| Ongoing charge | 0.65% a year (£65 per £10,000) |
| Fund size | £6.0m |
| Launched | 2025 |
| Domicile | Ireland |

## Past returns (periods to 01/10/2026)

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

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +10.18% | +6.72% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of JPMorgan ETFs Ireland ICAV - Nasdaq Hedged Equity Laddered Overlay Active UCITS ETF 0.65% a year, as of 02/10/2026: 4 of the 225 other European share funds charge more, 3 the same and 218 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.65%** per year
- ISA eligible: yes
- SIPP eligible: yes

## What it holds

As of 30/09/2026, HEQA holds 103 positions, according to the holdings JPMorgan publishes. The largest is NVIDIA at 8.66% of the fund; the ten largest make up 52.5%.

### Top holdings

Largest positions (as of 30/09/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 8.66% |
| 2 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 7.53% |
| 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 6.10% |
| 4 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 5.82% |
| 5 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 5.55% |
| 6 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 4.64% |
| 7 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 4.38% |
| 8 | Cash and Cash Equivalent | — | 3.91% |
| 9 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 3.48% |
| 10 | Lam Research | [LRCX](https://fundology.uk/stock/LRCX) | 2.48% |

Source: JPMorgan, holdings as published, as of 30/09/2026.

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

As published by JPMorgan, as of 30/09/2026.

| Sector | Weight |
|---|---|
| Information Technology | 57.5% |
| Communication Services | 13.2% |
| Consumer Discretionary | 11.0% |
| Consumer Staples | 5.7% |
| Health Care | 4.7% |
| Industrials | 3.0% |
| Utilities | 1.5% |
| Financials | 0.9% |
| Other sectors | 1.6% |

### By country

Added up from the holdings JPMorgan publishes, as of 30/09/2026.

| Country | Weight |
|---|---|
| United States | 95.5% |
| Ireland | 3.2% |
| Netherlands | 2.0% |
| Canada | 0.6% |
| United Kingdom | 0.3% |
| Cayman Islands | 0.1% |

### By type of asset

Added up from the holdings JPMorgan publishes, as of 30/09/2026.

| Type of asset | Weight |
|---|---|
| Equity | 97.4% |
| Cash and money market | 3.9% |
| Derivatives | 0.4% |

The 96 holdings on record (of 103 JPMorgan reports): https://fundology.uk/fund/heqa/holdings

## Questions people ask

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

The ongoing charge of HEQA 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 - Nasdaq Hedged Equity Laddered Overlay Active UCITS ETF 0.65% a year, as of 02/10/2026: 4 of the 225 other European share funds charge more, 3 the same and 218 less (share classes counted once).

**Is HEQA accumulating or distributing?**

HEQA 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 HEQA?**

The ISIN of HEQA is IE000JIPY1U8. An ISIN identifies one exact share class of a fund; HEQA is its ticker on the London Stock Exchange.

**What does HEQA hold?**

As of 30/09/2026, HEQA holds 103 positions, according to the holdings JPMorgan publishes. The largest is NVIDIA at 8.66% of the fund; the ten largest make up 52.5%. Its ten largest holdings are NVIDIA (8.66%), Apple (7.53%), Microsoft (6.10%), Micron Technology (5.82%), Alphabet · Class C (5.55%), Advanced Micro Devices (4.64%), Amazon (4.38%), Cash and Cash Equivalent (3.91%), Meta Platforms · Class A (3.48%) and Lam Research (2.48%).

**How has HEQA done after inflation?**

Over the year to 01/10/2026 HEQA’s total return was +10.2%, or +6.7% after UK CPIH inflation. Past performance is not a guide to future returns.

---

We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments.

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