# USD EM Sov. Bd. UCITS ETF GBP Hedged Dist (JMBP) **Page:** https://fundology.uk/fund/jmbp · ISIN IE00BJLTWS02 ## 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, JMBP (USD EM Sov. Bd. UCITS ETF GBP Hedged Dist, ISIN IE00BJLTWS02) closed at £60.10 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 13/11/2026 its total return was +1.7%, or −20.6% after UK CPIH inflation. ## Summary JPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF GBP Hedged Dist is an exchange-traded fund (ETF) from JPMorgan, launched in 2019. It tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.39% a year — about £39 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£60.10** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | JMBP | | ISIN | IE00BJLTWS02 | | Category | Government bonds | | Type | ETF | | Provider | JPMorgan | | Tracks | J.P. Morgan Emerging Markets Risk-Aware Bond Index | | Income | Distributing | | Ongoing charge | 0.39% a year (£39 per £10,000) | | Fund size | £6.1m | | Launched | 2019 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 03/12/2019 | ## 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 | +1.24% | -2.34% | income reinvested | | 3 years | +24.65% | +12.62% | income reinvested | | 5 years | +1.70% | -20.62% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of JPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included): 2022 −21.5%, 2023 +2.7%, 2024 −4.0%, 2025 +6.4%; 2026 to 13/11/2026 −5.8%. Returns of JPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.0%; to 30/09/2025: +0.6%; to 30/09/2024: +8.7%; to 30/09/2023: +1.3%; to 30/09/2022: −26.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -21.5% | -28.2% | Price | | 2023 | +2.7% | -1.4% | Price | | 2024 | -4.0% | -7.3% | Price | | 2025 | +6.4% | +2.7% | Price | | 2026 to 13/11/2026 | -5.8% | -8.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.88% | -7.06% | | 3 years | 6.46% | -8.79% | | 5 years | 9.00% | -28.37% | ## Largest fall Volatility of JPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF GBP Hedged Dist in pounds, annualised from weekly returns to 13/11/2026: 5.9% over 1 year, 6.5% over 3 years, 9.0% over 5 years. Largest fall in the price of JPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF GBP Hedged Dist since November 2021, in pounds: −28.2% from 19/11/2021 to 21/10/2022. The lowest 12-month return of JPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included) since January 2021 was −28.2% (12 months to 21/10/2022); the highest was +10.6% (12 months to 18/10/2024). On 13/11/2026 the price of JPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF GBP Hedged Dist was 22.7% below its highest weekly close since November 2021 (19/11/2021), in pounds. ## Charges compared with similar funds Ongoing charge of JPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF GBP Hedged Dist 0.39% a year. Compared on 14/11/2026, 22 of the 311 other government bond funds charge more, 3 the same and 286 less (share classes counted once). ## Funds tracking the same index 3 funds track J.P. Morgan Emerging Markets Risk-Aware Bond Index, this one included and share classes counted once; their ongoing charges range from 0.39% to 0.39% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | JPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF | 0.39% | +0.5% | +16.7% | +6.9% | | JPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF Acc | 0.39% | +0.5% | +16.7% | +6.9% | | JPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF GBP Hedged Dist (this fund) | 0.39% | +1.2% | +24.6% | +1.7% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.39%** 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, JMBP holds 291 positions, according to its published holdings. The largest is Arab Republic 5.875% 02/16/31 at 1.83% of the fund; the ten largest make up 13.8%. ### Top holdings Largest positions (as of 13/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Arab Republic 5.875% 02/16/31 | — | 1.83% | | 2 | Dominican Repu 5.875% 01/30/60 | — | 1.60% | | 3 | Republic of Sou 5.75% 09/30/49 | — | 1.58% | | 4 | Republic of Sout 4.3% 10/12/28 | — | 1.42% | | 5 | Dominican Repu 4.875% 09/23/32 | — | 1.39% | | 6 | Fed Republic O 5.625% 02/21/47 | — | 1.26% | | 7 | Fed Republic O 4.625% 01/13/28 | — | 1.23% | | 8 | Republic of Tu 9.375% 03/14/29 | — | 1.23% | | 9 | Republic of Ghan S/Up 07/03/35 | — | 1.16% | | 10 | Kingdom of Bahr 6.75% 09/20/29 | — | 1.12% | ## 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 13/11/2026. | Country | Weight | |---|---| | United States | 13.7% | | Turkey | 8.1% | | Brazil | 6.5% | | Colombia | 5.8% | | South Africa | 5.0% | | Egypt | 4.5% | | Mexico | 4.2% | | Indonesia | 3.0% | | Other countries | 30.5% | | Not classified | 18.7% | ### By type of asset Added up from the fund’s published holdings, as of 13/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.6% | | Cash and money market | 0.4% | The 288 holdings on record (of 291 reported): https://fundology.uk/fund/jmbp/holdings ## Questions people ask **What is the ongoing charge of JMBP?** The ongoing charge of JMBP is 0.39% a year — about £39 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 (IE) ICAV - USD EM Sov. Bd. UCITS ETF GBP Hedged Dist 0.39% a year. Compared on 14/11/2026, 22 of the 311 other government bond funds charge more, 3 the same and 286 less (share classes counted once). **What does JMBP track?** JMBP tracks the J.P. Morgan Emerging Markets Risk-Aware Bond Index. **Is JMBP accumulating or distributing?** JMBP is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly. **What is the ISIN of JMBP?** The ISIN of JMBP is IE00BJLTWS02. An ISIN identifies one exact share class of a fund; JMBP is its ticker on the London Stock Exchange. **What does JMBP hold?** As of 13/11/2026, JMBP holds 291 positions, according to its published holdings. The largest is Arab Republic 5.875% 02/16/31 at 1.83% of the fund; the ten largest make up 13.8%. Its ten largest holdings are Arab Republic 5.875% 02/16/31 (1.83%), Dominican Repu 5.875% 01/30/60 (1.60%), Republic of Sou 5.75% 09/30/49 (1.58%), Republic of Sout 4.3% 10/12/28 (1.42%), Dominican Repu 4.875% 09/23/32 (1.39%), Fed Republic O 5.625% 02/21/47 (1.26%), Fed Republic O 4.625% 01/13/28 (1.23%), Republic of Tu 9.375% 03/14/29 (1.23%), Republic of Ghan S/Up 07/03/35 (1.16%) and Kingdom of Bahr 6.75% 09/20/29 (1.12%). **What were JMBP’s returns in each of the last five years?** Calendar-year returns of JMBP in pounds (price only, income paid out not included): 2022 −21.5%, 2023 +2.7%, 2024 −4.0%, 2025 +6.4%; 2026 to 13/11/2026 −5.8%. Past performance is not a guide to future returns. **How has JMBP done after inflation?** Over the five years to 13/11/2026 JMBP’s total return was +1.7%, or −20.6% 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-usd-emerging-markets-sovereign-bond-ucits-etf-gbp-hedged-dist-ie00bjltws02) - [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE00BJLTWS02&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.