# US Value Equity Active UCITS ETF Accum- USD (JAAV)

**Page:** https://fundology.uk/fund/jaav · ISIN IE000TD3TI26

## 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, JAAV (US Value Equity Active UCITS ETF Accum- USD, ISIN IE000TD3TI26) closed at £29.86 on the London Stock Exchange. Its ongoing charge is 0.49% a year (about £49 on £10,000). Over the year to 13/11/2026 its total return was +20.1%, or +15.9% after UK CPIH inflation.

## Summary

JPMorgan ETFs (Ireland) ICAV - US Value Equity Active UCITS ETF Accum- USD is an exchange-traded fund (ETF) from JPMorgan, launched in 2024. 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 0.49% a year — about £49 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: **£29.86** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JAAV |
| ISIN | IE000TD3TI26 |
| Also listed as | JAVA (London Stock Exchange, US dollars), JPVA (Xetra, euros) |
| Category | US shares |
| Type | ETF |
| Provider | JPMorgan |
| Income | Accumulating |
| Ongoing charge | 0.49% a year (£49 per £10,000) |
| Fund size | £349m |
| Launched | 2024 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 18/01/2024 |

## 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 | +20.12% | +15.86% | 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 Value Equity Active UCITS ETF Accum- USD in pounds (price, with income reinvested in the fund): 2025 +4.8%; 2026 to 13/11/2026 +19.8%. Returns of JPMorgan ETFs (Ireland) ICAV - US Value Equity Active UCITS ETF Accum- USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +18.3%; to 30/09/2025: +8.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2025 | +4.8% | +1.2% | Price |
| 2026 to 13/11/2026 | +19.8% | +16.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 9.05% | -5.34% |

## Largest fall

Volatility of JPMorgan ETFs (Ireland) ICAV - US Value Equity Active UCITS ETF Accum- USD in pounds, annualised from weekly returns to 13/11/2026: 9.1% over 1 year. Largest fall in the price of JPMorgan ETFs (Ireland) ICAV - US Value Equity Active UCITS ETF Accum- USD since January 2024, in pounds: −18.0% from 22/11/2024 to 11/04/2025. The lowest 12-month return of JPMorgan ETFs (Ireland) ICAV - US Value Equity Active UCITS ETF Accum- USD in pounds (price, with income reinvested in the fund) since January 2024 was −3.8% (12 months to 11/04/2025); the highest was +28.1% (12 months to 19/06/2026). On 13/11/2026 the price of JPMorgan ETFs (Ireland) ICAV - US Value Equity Active UCITS ETF Accum- USD was at its highest weekly close since January 2024, in pounds.

## Charges compared with similar funds

Ongoing charge of JPMorgan ETFs (Ireland) ICAV - US Value Equity Active UCITS ETF Accum- USD 0.49% a year. Compared on 14/11/2026, 22 of the 254 other US share funds charge more, 2 the same and 230 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.49%** per year
- 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, JAAV holds 148 positions, according to its published holdings. The largest is Amazon at 8.03% of the fund; the ten largest make up 31.4%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 8.03% |
| 2 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 6.25% |
| 3 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 4.05% |
| 4 | Berkshire Hathaway · Class B | [BRK.B](https://fundology.uk/stock/BRK.B) | 2.23% |
| 5 | Bank of America | [BAC](https://fundology.uk/stock/BAC) | 2.02% |
| 6 | Wells Fargo | [WFC](https://fundology.uk/stock/WFC) | 1.95% |
| 7 | AbbVie | [ABBV](https://fundology.uk/stock/ABBV) | 1.81% |
| 8 | Charles Schwab | [SCHW](https://fundology.uk/stock/SCHW) | 1.70% |
| 9 | ConocoPhillips | [COP](https://fundology.uk/stock/COP) | 1.67% |
| 10 | Rtx | [RTX](https://fundology.uk/stock/RTX) | 1.67% |

## 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 13/11/2026.

| Sector | Weight |
|---|---|
| Information Technology | 20.2% |
| Financials | 18.0% |
| Health Care | 14.4% |
| Consumer Discretionary | 12.4% |
| Industrials | 9.9% |
| Energy | 5.6% |
| Communication Services | 4.7% |
| Utilities | 4.0% |
| Other sectors | 9.4% |

### By country

Added up from the fund’s published holdings, as of 13/11/2026.

| Country | Weight |
|---|---|
| United States | 94.3% |
| Ireland | 2.1% |
| Netherlands | 1.6% |
| Bermuda | 0.6% |
| Switzerland | 0.4% |
| Taiwan | 0.3% |
| Not classified | 0.6% |

### By type of asset

Added up from the fund’s published holdings, as of 13/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.0% |
| Cash and money market | 1.0% |

All 148 holdings: https://fundology.uk/fund/jaav/holdings

## Questions people ask

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

The ongoing charge of JAAV is 0.49% a year — about £49 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 Value Equity Active UCITS ETF Accum- USD 0.49% a year. Compared on 14/11/2026, 22 of the 254 other US share funds charge more, 2 the same and 230 less (share classes counted once).

**Is JAAV accumulating or distributing?**

JAAV 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 JAAV?**

The ISIN of JAAV is IE000TD3TI26. An ISIN identifies one exact share class of a fund; JAAV is its ticker on the London Stock Exchange. The same share class is also listed as JAVA (London Stock Exchange, US dollars) and JPVA (Xetra, euros).

**What does JAAV hold?**

As of 13/11/2026, JAAV holds 148 positions, according to its published holdings. The largest is Amazon at 8.03% of the fund; the ten largest make up 31.4%. Its ten largest holdings are Amazon (8.03%), Microsoft (6.25%), Apple (4.05%), Berkshire Hathaway · Class B (2.23%), Bank of America (2.02%), Wells Fargo (1.95%), AbbVie (1.81%), Charles Schwab (1.70%), ConocoPhillips (1.67%) and Rtx (1.67%).

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

Calendar-year returns of JAAV in pounds (price, with income reinvested in the fund): 2025 +4.8%; 2026 to 13/11/2026 +19.8%. Past performance is not a guide to future returns.

**How has JAAV done after inflation?**

Over the year to 13/11/2026 JAAV’s total return was +20.1%, or +15.9% 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-value-equity-active-ucits-etf-usd-acc-ie000td3ti26)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE000TD3TI26&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.