# JPMorgan ETFs (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF EUR (JESD)

**Source:** https://fundology.uk/fund/jesd · ISIN IE00BL0BMX65 · Data: TradingView (LSE closes and returns, delayed), issuer documents, 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 30/09/2026, JESD (EUR Ultra-Short Income Active UCITS ETF EUR, ISIN IE00BL0BMX65) closed at €99.40 on the London Stock Exchange. Its ongoing charge is 0.19% a year (about £19 on £10,000). Over the year to 30/09/2026 its total return was −0.8%, or −3.9% after UK CPIH inflation.

## Summary

JPMorgan ETFs (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF EUR is an exchange-traded fund (ETF) from JPMorgan, launched in 2025. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.19% a year — about £19 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.

> **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started.

Latest close: **€99.40** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JESD |
| ISIN | IE00BL0BMX65 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | JPMorgan |
| Income | Distributing |
| Ongoing charge | 0.19% a year (£19 per £10,000) |
| Fund size | £514k |
| Launched | 2025 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

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 | -0.83% | -3.94% | income reinvested |

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

## Charges compared with similar funds

Ongoing charge of JPMorgan ETFs (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF EUR 0.19% a year, as of 01/10/2026: 217 of the 280 other leveraged and inverse products charge more, 1 the same and 62 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.19%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Top holdings

Largest positions (as of 30/09/2026):

| Holding | Weight |
|---|---|
| Cash and Cash Equivalent | 9.13% |
| Bundesrepub 2.1% 11/15/29/EUR/ | 1.56% |
| Dnb Bank ASA V/R 01/18/28/EUR/ | 1.29% |
| Amazon.Com 2.8% 03/16/28/EUR/ | 1.28% |
| Bank of Amer V/R 04/25/28/EUR/ | 1.10% |
| Anz New Zea 0.2% 09/23/27/EUR/ | 1.09% |
| Unicredit Sp V/R 07/15/30/EUR/ | 1.02% |
| Goldman Sach V/R 02/17/29/EUR/ | 1.01% |
| France (Go 2.75% 02/25/29/EUR/ | 0.90% |
| Bank of Nova V/R 09/06/30/EUR/ | 0.88% |

## 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 country

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

| Country | Weight |
|---|---|
| United Kingdom | 17.8% |
| United States | 17.1% |
| Canada | 7.7% |
| France | 7.3% |
| Netherlands | 5.8% |
| Germany | 5.1% |
| Spain | 4.4% |
| Luxembourg | 3.6% |
| Other countries | 21.8% |
| Not classified | 9.3% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 90.6% |
| Cash and money market | 9.1% |
| Other | 0.2% |

All 287 holdings: https://fundology.uk/fund/jesd/holdings

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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.