# GBP Ultra-Short Income Active UCITS ETF AccumGBP (JGSA)

**Page:** https://fundology.uk/fund/jgsa · ISIN IE00BG47J908

## 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, JGSA (GBP Ultra-Short Income Active UCITS ETF AccumGBP, ISIN IE00BG47J908) closed at £122.38 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was +20.0%, or −6.3% after UK CPIH inflation.

## Summary

JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF AccumGBP is an exchange-traded fund (ETF) from JPMorgan, launched in 2019. 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 0.1% a year — about £10 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: **£122.38** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JGSA |
| ISIN | IE00BG47J908 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | JPMorgan |
| Income | Accumulating |
| Ongoing charge | 0.10% a year (£10 per £10,000) |
| Fund size | £121m |
| Launched | 2019 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 03/04/2019 |

## 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 | +3.71% | +0.03% | income reinvested |
| 3 years | +14.87% | +3.78% | income reinvested |
| 5 years | +20.04% | -6.30% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF AccumGBP in pounds (price, with income reinvested in the fund): 2022 +0.6%, 2023 +5.0%, 2024 +5.2%, 2025 +4.9%; 2026 to 13/11/2026 +3.0%. Returns of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF AccumGBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +3.7%; to 30/09/2025: +5.0%; to 30/09/2024: +5.7%; to 30/09/2023: +4.3%; to 30/09/2022: −0.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +0.6% | -7.9% | Price |
| 2023 | +5.0% | +0.8% | Price |
| 2024 | +5.2% | +1.6% | Price |
| 2025 | +4.9% | +1.3% | Price |
| 2026 to 13/11/2026 | +3.0% | -0.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 0.63% | -0.39% |
| 3 years | 0.52% | -0.39% |
| 5 years | 0.56% | -0.54% |

## Largest fall

Volatility of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF AccumGBP in pounds, annualised from weekly returns to 13/11/2026: 0.6% over 1 year, 0.5% over 3 years, 0.6% over 5 years. No fall of 2% or more in the price of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF AccumGBP since November 2021, in pounds, to 13/11/2026. The lowest 12-month return of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF AccumGBP in pounds (price, with income reinvested in the fund) since January 2021 was −0.6% (12 months to 30/09/2022); the highest was +5.8% (12 months to 23/08/2024). On 13/11/2026 the price of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF AccumGBP was at its highest weekly close since November 2021, in pounds.

## Charges compared with similar funds

Ongoing charge of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF AccumGBP 0.10% a year. Compared on 14/11/2026, 383 of the 427 other corporate and other bond funds charge more, 26 the same and 18 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.10%** 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, JGSA holds 128 positions, according to its published holdings. The largest is Cash and Cash Equivalent at 8.64% of the fund; the ten largest make up 25.6%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Cash and Cash Equivalent | — | 8.64% |
| 2 | Morgan St 2.625% 03/09/27/GBP/ | — | 2.23% |
| 3 | Amazon.Com 5.2% 09/14/29/GBP/ | — | 2.06% |
| 4 | Wells Fargo V/R 04/26/28/GBP/ | — | 2.05% |
| 5 | Toronto-D 2.875% 04/05/27/GBP/ | — | 1.92% |
| 6 | Credit Agric V/R 11/29/27/GBP/ | — | 1.78% |
| 7 | UBS Group AG V/R 06/09/28/GBP/ | — | 1.75% |
| 8 | Bank of N 2.875% 05/03/27/GBP/ | — | 1.74% |
| 9 | Coop Rabobk London 0% 11/11/27 | — | 1.69% |
| 10 | HSBC Hold 2.625% 08/16/28/GBP/ | — | 1.69% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By country

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

| Country | Weight |
|---|---|
| United Kingdom | 37.7% |
| United States | 17.2% |
| France | 10.3% |
| Canada | 9.3% |
| Netherlands | 5.9% |
| Sweden | 5.1% |
| Australia | 2.7% |
| Denmark | 1.9% |
| Other countries | 9.3% |
| Not classified | 0.6% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 86.3% |
| Cash and money market | 13.7% |

All 128 holdings: https://fundology.uk/fund/jgsa/holdings

## Questions people ask

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

The ongoing charge of JGSA is 0.10% a year — about £10 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 - GBP Ultra-Short Income Active UCITS ETF AccumGBP 0.10% a year. Compared on 14/11/2026, 383 of the 427 other corporate and other bond funds charge more, 26 the same and 18 less (share classes counted once).

**Is JGSA accumulating or distributing?**

JGSA 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 JGSA?**

The ISIN of JGSA is IE00BG47J908. An ISIN identifies one exact share class of a fund; JGSA is its ticker on the London Stock Exchange.

**What does JGSA hold?**

As of 13/11/2026, JGSA holds 128 positions, according to its published holdings. The largest is Cash and Cash Equivalent at 8.64% of the fund; the ten largest make up 25.6%. Its ten largest holdings are Cash and Cash Equivalent (8.64%), Morgan St 2.625% 03/09/27/GBP/ (2.23%), Amazon.Com 5.2% 09/14/29/GBP/ (2.06%), Wells Fargo V/R 04/26/28/GBP/ (2.05%), Toronto-D 2.875% 04/05/27/GBP/ (1.92%), Credit Agric V/R 11/29/27/GBP/ (1.78%), UBS Group AG V/R 06/09/28/GBP/ (1.75%), Bank of N 2.875% 05/03/27/GBP/ (1.74%), Coop Rabobk London 0% 11/11/27 (1.69%) and HSBC Hold 2.625% 08/16/28/GBP/ (1.69%).

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

Calendar-year returns of JGSA in pounds (price, with income reinvested in the fund): 2022 +0.6%, 2023 +5.0%, 2024 +5.2%, 2025 +4.9%; 2026 to 13/11/2026 +3.0%. Past performance is not a guide to future returns.

**How has JGSA done after inflation?**

Over the five years to 13/11/2026 JGSA’s total return was +20.0%, or −6.3% 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-gbp-ultra-short-income-active-ucits-etf-gbp-acc-ie00bg47j908)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE00BG47J908&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.