ETF · JPMorgan
JGGV Global Government Bond Active UCITS ETF AccumHedged GBP
ISIN IE000TWNMI25London Stock Exchange: JGGVJPMorgan Chase & Co.
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
- GBP hedged
Latest close
LSE£7.49
on
- Ongoing charge
- 0.54% a year
- Fund size
- £58.4m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, JGGV (Global Government Bond Active UCITS ETF AccumHedged GBP, ISIN IE000TWNMI25) closed at £7.49 on the London Stock Exchange. Its ongoing charge is 0.54% a year (about £54 on £10,000). Over the year to 13/11/2026 its total return was −0.4%, or −3.9% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.4%
- −3.9% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Global Government Bond Active UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −0.8%. Returns of Global Government Bond Active UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −0.8% | −4.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −1.7% | −5.2% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
4.2%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since June 2025
- −3.9%
- From to
- Below its highest weekly close since June 2025
- 2.9%
- High of , latest
In words: Volatility of Global Government Bond Active UCITS ETF AccumHedged GBP in pounds, annualised from weekly returns to 13/11/2026: 4.2% over 1 year. Largest fall in the price of Global Government Bond Active UCITS ETF AccumHedged GBP since June 2025, in pounds: −3.9% from 27/02/2026 to 02/10/2026. On 13/11/2026 the price of Global Government Bond Active UCITS ETF AccumHedged GBP was 2.9% below its highest weekly close since June 2025 (27/02/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.54%
- a year
- On £10,000
- £54
- a year, roughly
- Over five years
- £267
- of £10,000, before growth
- 304 charge less
- 1 the same
- 6 charge more
Ongoing charge of Global Government Bond Active UCITS ETF AccumHedged GBP 0.54% a year. Compared on 14/11/2026, 6 of the 311 other government bond funds charge more, 1 the same and 304 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Global Government Bond Active UCITS ETF AccumHedged GBP 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 0.54% a year — about £54 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- JGGV
- ISIN
- IE000TWNMI25
- Provider
- JPMorgan
- Tracks
- No index — the manager chooses the holdings
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.54% a year · about £54 on £10,000
- Fund size
- £58.4m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £7.56 on 14/11/2025 to £7.49 on 13/11/2026 (−0.9%). The lowest close shown was £7.41 on 02/10/2026 and the highest £7.71 on 27/02/2026.
One close a week. Before 03/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
68 weekly closes, from 13/06/2025 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 472
- 522 reported in all
- Ten largest
- 34.8%
- of the whole fund
- Effective number of holdings
- 48
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 11.9%
- Cash and Cash Equivalent
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Cash and Cash EquivalentUnited States | 11.89% |
| 2 | France (Gov 2.4% 09/24/29/EUR/France | 6.37% |
| 3 | US Treas Nts 3.5% 04/30/28United States | 2.56% |
| 4 | Jpn Bank 3.125% 04/22/31/EUR/Japan | 2.42% |
| 5 | US Treas Nts 3.25% 06/30/29United States | 2.08% |
| 6 | Bank Gospodarst 5.75% 07/09/34Poland | 2.01% |
| 7 | US Treas Nts 4.25% 07/31/28United States | 1.98% |
| 8 | Japan (10 Y 0.1% 09/20/29/JPY/Japan | 1.96% |
| 9 | US Treas Bds 5.125% 08/15/46United States | 1.82% |
| 10 | US Treas Nts 4% 07/31/29United States | 1.74% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Government/ Cash80.7%
- Foreign Agencies13.2%
- Hard Currency Sovereign4.8%
- Supranationals1.4%
By country
- United States32.0%
- Japan14.0%
- France10.5%
- China9.9%
- Italy4.1%
- United Kingdom4.0%
- Spain3.8%
- Poland3.6%
- Other countries15.9%
- Not classified2.1%
By type of asset
- Bonds89.2%
- Cash and money market10.8%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 522 holdings; the ten largest make up 34.8% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountLargest falls and recoveries
The largest fall since June 2025, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of JGGV?
The ongoing charge of JGGV is 0.54% a year — about £54 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 Global Government Bond Active UCITS ETF AccumHedged GBP 0.54% a year. Compared on 14/11/2026, 6 of the 311 other government bond funds charge more, 1 the same and 304 less (share classes counted once).
Is JGGV accumulating or distributing?
JGGV 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 JGGV?
The ISIN of JGGV is IE000TWNMI25. An ISIN identifies one exact share class of a fund; JGGV is its ticker on the London Stock Exchange.
What does JGGV hold?
As of 13/11/2026, JGGV holds 522 positions, according to its published holdings. The largest is Cash and Cash Equivalent at 11.89% of the fund; the ten largest make up 34.8%. Its ten largest holdings are Cash and Cash Equivalent (11.89%), France (Gov 2.4% 09/24/29/EUR/ (6.37%), US Treas Nts 3.5% 04/30/28 (2.56%), Jpn Bank 3.125% 04/22/31/EUR/ (2.42%), US Treas Nts 3.25% 06/30/29 (2.08%), Bank Gospodarst 5.75% 07/09/34 (2.01%), US Treas Nts 4.25% 07/31/28 (1.98%), Japan (10 Y 0.1% 09/20/29/JPY/ (1.96%), US Treas Bds 5.125% 08/15/46 (1.82%) and US Treas Nts 4% 07/31/29 (1.74%).
What were JGGV’s returns in each of the last five years?
Calendar-year returns of JGGV in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −0.8%. Past performance is not a guide to future returns.
How has JGGV done after inflation?
Over the year to 13/11/2026 JGGV’s total return was −0.4%, or −3.9% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at J.P. Morgan Asset Management · Key investor information document (KIID) (links checked )
Methodology:ReturnsCategoriesAll methods
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