# JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF GBP (JGST) **Source:** https://fundology.uk/fund/jgst · ISIN IE00BD9MMG79 · 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, JGST (GBP Ultra-Short Income Active UCITS ETF GBP, ISIN IE00BD9MMG79) closed at £100.92 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 30/09/2026 its total return was +19.3%, or −6.8% after UK CPIH inflation. ## Summary JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF GBP is an exchange-traded fund (ETF) from JPMorgan, launched in 2018. 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 0.1% 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 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: **£100.92** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | JGST | | ISIN | IE00BD9MMG79 | | Category | Leveraged & inverse | | Type | ETF | | Provider | JPMorgan | | Income | Distributing | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £159m | | Launched | 2018 | | 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 | +3.83% | +0.58% | income reinvested | | 3 years | +15.08% | +3.84% | income reinvested | | 5 years | +19.28% | -6.76% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF GBP in pounds (price only, income paid out not included): 2022 −0.4%, 2023 +1.0%, 2024 −0.1%, 2025 +0.4%; 2026 to 30/09/2026 −0.6%. Returns of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −0.3%; to 30/09/2025: +0.1%; to 30/09/2024: +0.6%; to 30/09/2023: +1.0%; to 30/09/2022: −1.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -0.4% | -8.9% | Price | | 2023 | +1.0% | -3.0% | Price | | 2024 | -0.1% | -3.5% | Price | | 2025 | +0.4% | -3.0% | Price | | 2026 to 30/09/2026 | -0.6% | -3.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 1.33% | -0.96% | | 3 years | 1.28% | -0.96% | | 5 years | 1.10% | -1.25% | ## Largest fall Volatility of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF GBP in pounds, annualised from weekly returns to 30/09/2026: 1.3% over 1 year, 1.3% over 3 years, 1.1% over 5 years. No fall of 2% or more in the price of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF GBP since October 2021, in pounds, to 30/09/2026. The lowest 12-month return of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF GBP in pounds (price only, income paid out not included) since January 2021 was −1.2% (12 months to 30/09/2022); the highest was +1.2% (12 months to 08/12/2023). On 30/09/2026 the price of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF GBP was 0.7% below its highest weekly close since October 2021 (09/01/2026), in pounds. ## Charges compared with similar funds Ongoing charge of JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income Active UCITS ETF GBP 0.10% a year, as of 01/10/2026: 224 of the 280 other leveraged and inverse products charge more, 2 the same and 54 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | Cash and Cash Equivalent | 5.52% | | Morgan St 2.625% 03/09/27/GBP/ | 2.56% | | Amazon.Com 5.2% 09/14/29/GBP/ | 2.37% | | United Ki 4.125% 07/22/29/GBP/ | 2.33% | | Toronto-D 2.875% 04/05/27/GBP/ | 2.21% | | Credit Agric V/R 11/29/27/GBP/ | 2.04% | | Bank of N 2.875% 05/03/27/GBP/ | 2.00% | | HSBC Hold 2.625% 08/16/28/GBP/ | 1.94% | | Bpce SA 1.375% 12/23/26/GBP/ | 1.86% | | Swedbank AB V/R 12/08/27/GBP/ | 1.83% | ## 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 | 34.8% | | United States | 19.8% | | France | 11.0% | | Canada | 9.9% | | Netherlands | 5.0% | | Sweden | 3.2% | | Australia | 2.5% | | Denmark | 2.0% | | Other countries | 11.1% | | Not classified | 0.7% | ### By type of asset Added up from the holdings JPMorgan publishes, as of 30/09/2026. | Type of asset | Weight | |---|---| | Bonds | 94.5% | | Cash and money market | 5.5% | All 121 holdings: https://fundology.uk/fund/jgst/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.