# Nasdaq Hedged Equity Laddered Overlay Active UCITS ETF Dist (HEQD)

**Page:** https://fundology.uk/fund/heqd · ISIN IE0006UQKVQ0

## 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, HEQD (Nasdaq Hedged Equity Laddered Overlay Active UCITS ETF Dist, ISIN IE0006UQKVQ0) closed at $25.58 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 +4.3%, or +0.6% after UK CPIH inflation.

## Summary

JPMorgan ETFs Ireland ICAV - Nasdaq Hedged Equity Laddered Overlay Active UCITS ETF Dist 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 paid out to holders as cash, usually a few times a year.

Latest close: **$25.58** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HEQD |
| ISIN | IE0006UQKVQ0 |
| Category | US shares |
| Type | ETF |
| Provider | JPMorgan |
| Income | Distributing |
| Ongoing charge | 0.65% a year (£65 per £10,000) |
| Fund size | £6.8m |
| 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 | +4.28% | +0.59% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of JPMorgan ETFs Ireland ICAV - Nasdaq Hedged Equity Laddered Overlay Active UCITS ETF Dist in pounds (price only, income paid out not included): 2026 to 13/11/2026 +5.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | +5.2% | +1.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 10.49% | -6.92% |

## Largest fall

Volatility of JPMorgan ETFs Ireland ICAV - Nasdaq Hedged Equity Laddered Overlay Active UCITS ETF Dist in pounds, annualised from weekly returns to 13/11/2026: 10.5% over 1 year.

## Charges compared with similar funds

Ongoing charge of JPMorgan ETFs Ireland ICAV - Nasdaq Hedged Equity Laddered Overlay Active UCITS ETF Dist 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, HEQD holds 104 positions, according to its published holdings. The largest is Apple at 8.34% of the fund; the ten largest make up 50.3%.

### 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) | 8.34% |
| 2 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 6.49% |
| 3 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 6.43% |
| 4 | Alphabet · Class C | [GOOGL](https://fundology.uk/stock/GOOGL) | 4.96% |
| 5 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 4.88% |
| 6 | Cash and Cash Equivalent | — | 4.72% |
| 7 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 4.39% |
| 8 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 4.21% |
| 9 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 3.21% |
| 10 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 2.70% |

## 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 | 60.5% |
| Communication Services | 14.4% |
| Consumer Discretionary | 9.4% |
| Consumer Staples | 5.4% |
| Health Care | 4.4% |
| Industrials | 2.8% |
| Utilities | 1.3% |
| Financials | 0.8% |
| Other sectors | 1.4% |

### By country

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

| Country | Weight |
|---|---|
| United States | 91.1% |
| Ireland | 2.3% |
| Netherlands | 1.7% |
| Canada | 0.7% |
| United Kingdom | 0.2% |
| China | 0.1% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 91.9% |
| Cash and money market | 4.1% |

The 95 holdings on record (of 104 reported): https://fundology.uk/fund/heqd/holdings

## Questions people ask

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

The ongoing charge of HEQD 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 Dist 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 HEQD accumulating or distributing?**

HEQD is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of HEQD?**

The ISIN of HEQD is IE0006UQKVQ0. An ISIN identifies one exact share class of a fund; HEQD is its ticker on the London Stock Exchange.

**What does HEQD hold?**

As of 13/11/2026, HEQD holds 104 positions, according to its published holdings. The largest is Apple at 8.34% of the fund; the ten largest make up 50.3%. Its ten largest holdings are Apple (8.34%), Microsoft (6.49%), NVIDIA (6.43%), Alphabet · Class C (4.96%), Amazon (4.88%), Cash and Cash Equivalent (4.72%), Micron Technology (4.39%), Advanced Micro Devices (4.21%), Meta Platforms · Class A (3.21%) and Tesla (2.70%).

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

Calendar-year returns of HEQD in pounds (price only, income paid out not included): 2026 to 13/11/2026 +5.2%. Past performance is not a guide to future returns.

**How has HEQD done after inflation?**

Over the year to 13/11/2026 HEQD’s total return was +4.3%, or +0.6% 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-nasdaq-hedged-equity-laddered-overlay-active-ucits-etf-usd-dist-ie0006uqkvq0)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE0006UQKVQ0&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.