# Em Local Cur Bd Act Ucits Etf UnHedged USD (JLDO)

**Page:** https://fundology.uk/fund/jldo · ISIN IE000BS9KP42

## 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, JLDO (Em Local Cur Bd Act Ucits Etf UnHedged USD, ISIN IE000BS9KP42) closed at £8.03 on the London Stock Exchange. Its ongoing charge is 0.87% a year (about £87 on £10,000). Over the year to 13/11/2026 its total return was +1.9%, or −1.7% after UK CPIH inflation.

## Summary

Jpmorgan Etfs Ireland ICAV - Em Local Cur Bd Act 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 0.87% a year — about £87 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: **£8.03** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JLDO |
| ISIN | IE000BS9KP42 |
| Also listed as | JLOD (London Stock Exchange, US dollars) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | JPMorgan |
| Income | Distributing |
| Ongoing charge | 0.87% a year (£87 per £10,000) |
| Fund size | £26.8m |
| Launched | 2025 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 05/03/2025 |

## 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 | +1.88% | -1.73% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Jpmorgan Etfs Ireland ICAV - Em Local Cur Bd Act Ucits Etf UnHedged USD in pounds (price only, income paid out not included): 2026 to 13/11/2026 −4.3%. Returns of Jpmorgan Etfs Ireland ICAV - Em Local Cur Bd Act Ucits Etf UnHedged USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −0.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | -4.3% | -7.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 7.88% | -6.28% |

## Largest fall

Volatility of Jpmorgan Etfs Ireland ICAV - Em Local Cur Bd Act Ucits Etf UnHedged USD in pounds, annualised from weekly returns to 13/11/2026: 7.9% over 1 year. Largest fall in the price of Jpmorgan Etfs Ireland ICAV - Em Local Cur Bd Act Ucits Etf UnHedged USD since March 2025, in pounds: −6.3% from 27/02/2026 to 30/10/2026. On 13/11/2026 the price of Jpmorgan Etfs Ireland ICAV - Em Local Cur Bd Act Ucits Etf UnHedged USD was 5.5% below its highest weekly close since March 2025 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Jpmorgan Etfs Ireland ICAV - Em Local Cur Bd Act Ucits Etf UnHedged USD 0.87% a year. Compared on 14/11/2026, 3 of the 427 other corporate and other bond funds charge more, 1 the same and 423 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.87%** per year (as of 13/11/2026)
- 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, JLDO holds 78 positions, according to its published holdings. The largest is Malaysia 3.582% 07/15/32/MYR/ at 4.98% of the fund; the ten largest make up 34.8%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Malaysia 3.582% 07/15/32/MYR/ | — | 4.98% |
| 2 | Nota Do Teso 10% 01/01/29/BRL/ | — | 3.86% |
| 3 | Nota Do Teso 10% 01/01/31/BRL/ | — | 3.49% |
| 4 | Cash and Cash Equivalent | — | 3.42% |
| 5 | Indonesia G 6.5% 02/15/31/IDR/ | — | 3.29% |
| 6 | Mex Bonos D 8.5% 11/18/38/MXN/ | — | 3.26% |
| 7 | India Gover 7.1% 04/08/34/INR/ | — | 3.25% |
| 8 | Poland Govern 5% 10/25/35/PLN/ | — | 3.14% |
| 9 | Indonesia 6.375% 04/15/32/IDR/ | — | 3.06% |
| 10 | Poland Govern 4% 07/25/31/PLN/ | — | 3.00% |

## 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 |
|---|---|
| Mexico | 12.1% |
| Indonesia | 9.9% |
| Malaysia | 9.8% |
| Brazil | 9.7% |
| Poland | 8.8% |
| Colombia | 8.6% |
| India | 7.9% |
| South Africa | 7.6% |
| Other countries | 25.6% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 96.7% |
| Cash and money market | 3.3% |

The 77 holdings on record (of 78 reported): https://fundology.uk/fund/jldo/holdings

## Questions people ask

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

The ongoing charge of JLDO is 0.87% a year — about £87 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 - Em Local Cur Bd Act Ucits Etf UnHedged USD 0.87% a year. Compared on 14/11/2026, 3 of the 427 other corporate and other bond funds charge more, 1 the same and 423 less (share classes counted once).

**Is JLDO accumulating or distributing?**

JLDO 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 JLDO?**

The ISIN of JLDO is IE000BS9KP42. An ISIN identifies one exact share class of a fund; JLDO is its ticker on the London Stock Exchange. The same share class is also listed as JLOD (London Stock Exchange, US dollars).

**What does JLDO hold?**

As of 13/11/2026, JLDO holds 78 positions, according to its published holdings. The largest is Malaysia 3.582% 07/15/32/MYR/ at 4.98% of the fund; the ten largest make up 34.8%. Its ten largest holdings are Malaysia 3.582% 07/15/32/MYR/ (4.98%), Nota Do Teso 10% 01/01/29/BRL/ (3.86%), Nota Do Teso 10% 01/01/31/BRL/ (3.49%), Cash and Cash Equivalent (3.42%), Indonesia G 6.5% 02/15/31/IDR/ (3.29%), Mex Bonos D 8.5% 11/18/38/MXN/ (3.26%), India Gover 7.1% 04/08/34/INR/ (3.25%), Poland Govern 5% 10/25/35/PLN/ (3.14%), Indonesia 6.375% 04/15/32/IDR/ (3.06%) and Poland Govern 4% 07/25/31/PLN/ (3.00%).

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

Calendar-year returns of JLDO in pounds (price only, income paid out not included): 2026 to 13/11/2026 −4.3%. Past performance is not a guide to future returns.

**How has JLDO done after inflation?**

Over the year to 13/11/2026 JLDO’s total return was +1.9%, or −1.7% 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-emerging-markets-local-currency-bond-active-ucits-etf-usd-dist-ie000bs9kp42)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE000BS9KP42&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.