# Global Government Bond Active UCITS ETF Unhedged USD (JGVU) **Source:** https://fundology.uk/fund/jgvu · ISIN IE0005NMTKY4 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (JPMorgan), 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 05/10/2026, JGVU (Global Government Bond Active UCITS ETF Unhedged USD, ISIN IE0005NMTKY4) closed at £7.14 on the London Stock Exchange. Its ongoing charge is 0.53% a year (about £53 on £10,000). Over the year to 05/10/2026 its total return was −1.7%, or −4.8% after UK CPIH inflation. ## Summary Global Government Bond Active UCITS ETF Unhedged 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 paid out to holders as cash, usually a few times a year. Latest close: **£7.14** (05/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | JGVU | | ISIN | IE0005NMTKY4 | | Category | Government bonds | | Type | ETF | | Provider | JPMorgan | | Income | Distributing | | Ongoing charge | 0.53% a year (£53 per £10,000) | | Fund size | £1.2m | | Launched | 2025 | | Domicile | Ireland | ## Past returns (periods to 05/10/2026) 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 | -1.70% | -4.79% | 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 Unhedged USD 0.53% a year, as of 03/10/2026: 7 of the 280 other government bond funds charge more, 2 the same and 271 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.53%** per year - ISA eligible: yes - SIPP eligible: yes ## What it holds As of 02/10/2026, JGVU holds 525 positions, according to the holdings JPMorgan publishes. The largest is F/C Ice 3MTH Sonia Fu DEC26 at 9.53% of the fund; the ten largest make up 33.4%. ### Top holdings Largest positions (as of 02/10/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | F/C Ice 3MTH Sonia Fu DEC26 | — | 9.53% | | 2 | France (Gov 2.4% 09/24/29/EUR/ | — | 6.73% | | 3 | Cash and Cash Equivalent | — | 3.57% | | 4 | Jpn Bank 3.125% 04/22/31/EUR/ | — | 2.55% | | 5 | US Treas Nts 3.5% 04/30/28 | — | 2.30% | | 6 | US Treas Nts 3.25% 06/30/29 | — | 2.15% | | 7 | Bank Gospodarst 5.75% 07/09/34 | — | 2.06% | | 8 | Japan (10 Y 0.1% 09/20/29/JPY/ | — | 1.73% | | 9 | US Treas Nts 3.875% 12/31/29 | — | 1.58% | | 10 | Australian Go 2% 08/21/35/AUD/ | — | 1.22% | Source: JPMorgan, holdings as published, as of 02/10/2026. ## 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% | The 472 holdings on record (of 525 JPMorgan reports): https://fundology.uk/fund/jgvu/holdings ## Questions people ask **What is the ongoing charge of JGVU?** The ongoing charge of JGVU 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. Platform and dealing fees are charged separately. Ongoing charge of Global Government Bond Active UCITS ETF Unhedged USD 0.53% a year, as of 03/10/2026: 7 of the 280 other government bond funds charge more, 2 the same and 271 less (share classes counted once). **Is JGVU accumulating or distributing?** JGVU is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of JGVU?** The ISIN of JGVU is IE0005NMTKY4. An ISIN identifies one exact share class of a fund; JGVU is its ticker on the London Stock Exchange. **What does JGVU hold?** As of 02/10/2026, JGVU holds 525 positions, according to the holdings JPMorgan publishes. The largest is F/C Ice 3MTH Sonia Fu DEC26 at 9.53% of the fund; the ten largest make up 33.4%. Its ten largest holdings are F/C Ice 3MTH Sonia Fu DEC26 (9.53%), France (Gov 2.4% 09/24/29/EUR/ (6.73%), Cash and Cash Equivalent (3.57%), Jpn Bank 3.125% 04/22/31/EUR/ (2.55%), US Treas Nts 3.5% 04/30/28 (2.30%), US Treas Nts 3.25% 06/30/29 (2.15%), Bank Gospodarst 5.75% 07/09/34 (2.06%), Japan (10 Y 0.1% 09/20/29/JPY/ (1.73%), US Treas Nts 3.875% 12/31/29 (1.58%) and Australian Go 2% 08/21/35/AUD/ (1.22%). **How has JGVU done after inflation?** Over the year to 05/10/2026 JGVU’s total return was −1.7%, or −4.8% after UK CPIH inflation. Past performance is not a guide to future returns. --- 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.