# Global Government Bond Active UCITS ETF AccumHedged USD (JGAV)

**Source:** https://fundology.uk/fund/jgav · ISIN IE000WFXD0F2 · 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, JGAV (Global Government Bond Active UCITS ETF AccumHedged USD, ISIN IE000WFXD0F2) closed at $10.05 on the London Stock Exchange. Its ongoing charge is 0.53% a year (about £53 on £10,000). Over the year to 30/09/2026 its total return was −1.0%, or −4.1% after UK CPIH inflation.

## Summary

Global Government Bond Active UCITS ETF AccumHedged USD 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 0.53% a year — about £53 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: **$10.05** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JGAV |
| ISIN | IE000WFXD0F2 |
| Category | Government bonds |
| Type | ETF |
| Provider | JPMorgan |
| Income | Accumulating |
| Ongoing charge | 0.53% a year (£53 per £10,000) |
| Fund size | £1.8m |
| 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 | -1.02% | -4.12% | income reinvested |

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

## Charges compared with similar funds

Ongoing charge of Global Government Bond Active UCITS ETF AccumHedged USD 0.53% a year, as of 01/10/2026: 7 of the 274 other government bond funds charge more, 2 the same and 265 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.53%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Top holdings

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

| Holding | Weight |
|---|---|
| F/C Ice 3MTH Sonia Fu DEC26 | 9.65% |
| France (Gov 2.4% 09/24/29/EUR/ | 6.88% |
| Cash and Cash Equivalent | 2.67% |
| Jpn Bank 3.125% 04/22/31/EUR/ | 2.59% |
| US Treas Nts 3.5% 04/30/28 | 2.32% |
| US Treas Nts 3.25% 06/30/29 | 2.18% |
| Bank Gospodarst 5.75% 07/09/34 | 2.10% |
| Japan (10 Y 0.1% 09/20/29/JPY/ | 1.76% |
| China Gove 1.87% 09/15/31/CNY/ | 1.37% |
| Australian Go 2% 08/21/35/AUD/ | 1.22% |

## 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 |
|---|---|
| Government/ Cash | 80.1% |
| Foreign Agencies | 13.4% |
| Hard Currency Sovereign | 5.1% |
| Supranationals | 1.4% |

### By country

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

| Country | Weight |
|---|---|
| United States | 19.4% |
| Japan | 17.2% |
| United Kingdom | 14.2% |
| France | 12.2% |
| China | 11.0% |
| Poland | 5.3% |
| Italy | 5.2% |
| Spain | 3.9% |
| Other countries | 19.0% |
| Not classified | 2.4% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 97.4% |
| Derivatives | 9.7% |
| Cash and money market | 2.7% |

All 471 holdings: https://fundology.uk/fund/jgav/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.