# Emerging Markets Local Currency Bond Active UCITS ETF (JLOC) **Page:** https://fundology.uk/fund/jloc · ISIN IE000TGCBXG8 ## 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, JLOC (Emerging Markets Local Currency Bond Active UCITS ETF, ISIN IE000TGCBXG8) closed at $11.40 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 0.0%, or −3.6% after UK CPIH inflation. ## Summary JPMorgan ETFs (Ireland) ICAV - Emerging Markets Local Currency Bond Active UCITS ETF 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **$11.40** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | JLOC | | ISIN | IE000TGCBXG8 | | Category | Corporate & other bonds | | Type | ETF | | Provider | JPMorgan | | Income | Accumulating | | Ongoing charge | 0.87% a year (£87 per £10,000) | | Fund size | £111m | | 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 | -0.03% | -3.57% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of JPMorgan ETFs (Ireland) ICAV - Emerging Markets Local Currency Bond Active UCITS ETF in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +0.7%. Returns of JPMorgan ETFs (Ireland) ICAV - Emerging Markets Local Currency Bond Active UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +4.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | +0.7% | -2.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.61% | -5.26% | ## Largest fall Volatility of JPMorgan ETFs (Ireland) ICAV - Emerging Markets Local Currency Bond Active UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 6.6% over 1 year. Largest fall in the price of JPMorgan ETFs (Ireland) ICAV - Emerging Markets Local Currency Bond Active UCITS ETF since March 2025, in pounds: −5.3% from 27/02/2026 to 20/03/2026. On 13/11/2026 the price of JPMorgan ETFs (Ireland) ICAV - Emerging Markets Local Currency Bond Active UCITS ETF was 2.8% 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 - Emerging Markets Local Currency Bond Active UCITS ETF 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, JLOC 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/jloc/holdings ## Questions people ask **What is the ongoing charge of JLOC?** The ongoing charge of JLOC 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 - Emerging Markets Local Currency Bond Active UCITS ETF 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 JLOC accumulating or distributing?** JLOC 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 JLOC?** The ISIN of JLOC is IE000TGCBXG8. An ISIN identifies one exact share class of a fund; JLOC is its ticker on the London Stock Exchange. **What does JLOC hold?** As of 13/11/2026, JLOC 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 JLOC’s returns in each of the last five years?** Calendar-year returns of JLOC in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +0.7%. Past performance is not a guide to future returns. **How has JLOC done after inflation?** Over the year to 13/11/2026 JLOC’s total return was 0.0%, or −3.6% 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-acc-ie000tgcbxg8) - [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE000TGCBXG8&docTypeCode=KIID&docLang=EN&docCountry=GB) - Links checked 12/10/2026. --- 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.