# Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD (JPHU) **Page:** https://fundology.uk/fund/jphu · ISIN LU1681039217 ## 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, JPHU (Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD, ISIN LU1681039217) closed at $554.25 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 13/11/2026 its total return was +162.0%, or +104.5% after UK CPIH inflation. ## Summary Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD is an exchange-traded fund (ETF) from Amundi, launched in 2018. It tracks the JPX-Nikkei Index 400. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.18% a year — about £18 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: **$554.25** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | JPHU | | ISIN | LU1681039217 | | Category | Japan & Asia Pacific | | Type | ETF | | Provider | Amundi | | Tracks | JPX-Nikkei Index 400 | | Income | Accumulating | | Ongoing charge | 0.18% a year (£18 per £10,000) | | Fund size | £65.7m | | Launched | 2018 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 22/03/2018 | ## 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 | +23.12% | +18.76% | income reinvested | | 3 years | +84.85% | +67.00% | income reinvested | | 5 years | +161.99% | +104.50% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD in pounds (price, with income reinvested in the fund): 2022 +9.8%, 2023 +28.8%, 2024 +26.8%, 2025 +21.0%; 2026 to 13/11/2026 +23.2%. Returns of Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +40.6%; to 30/09/2025: +21.4%; to 30/09/2024: +12.6%; to 30/09/2023: +21.6%; to 30/09/2022: +17.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +9.8% | +0.5% | Price | | 2023 | +28.8% | +23.6% | Price | | 2024 | +26.8% | +22.5% | Price | | 2025 | +21.0% | +16.8% | Price | | 2026 to 13/11/2026 | +23.2% | +19.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 19.69% | -8.91% | | 3 years | 18.97% | -16.83% | | 5 years | 17.53% | -16.83% | ## Largest fall Volatility of Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 19.7% over 1 year, 19.0% over 3 years, 17.5% over 5 years. Largest fall in the price of Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD since November 2021, in pounds: −16.8% from 31/01/2025 to 04/04/2025. The lowest 12-month return of Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD in pounds (price, with income reinvested in the fund) since January 2021 was −9.8% (12 months to 11/04/2025); the highest was +58.4% (12 months to 03/04/2026). On 13/11/2026 the price of Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD was 3.3% below its highest weekly close since November 2021 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD 0.18% a year. Compared on 14/11/2026, 64 of the 108 other Japan and Asia Pacific share funds charge more, 1 the same and 43 less (share classes counted once). ## Funds tracking the same index 3 funds track JPX-Nikkei Index 400, this one included and share classes counted once; their ongoing charges range from 0.18% to 0.19% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD (this fund) | 0.18% | +23.1% | +84.8% | +162.0% | | Invesco JPX-Nikkei 400 UCITS ETF | 0.19% | +15.5% | +56.7% | +55.5% | | Invesco JPX-Nikkei 400 UCITS ETF USD Hedged | 0.19% | +24.1% | +85.4% | +163.0% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.18%** 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 JPHU is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 8.82% | | 2 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 8.79% | | 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 8.40% | | 4 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 7.32% | | 5 | Johnson & Johnson | [JNJ](https://fundology.uk/stock/JNJ) | 4.44% | | 6 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 4.27% | | 7 | Coca-Cola | [KO](https://fundology.uk/stock/KO) | 4.25% | | 8 | GE Aerospace | [GE](https://fundology.uk/stock/GE) | 4.01% | | 9 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 3.78% | | 10 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 3.68% | The 55 holdings on record (of 56 reported): https://fundology.uk/fund/jphu/holdings ## Questions people ask **What is the ongoing charge of JPHU?** The ongoing charge of JPHU is 0.18% a year — about £18 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 Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF USD 0.18% a year. Compared on 14/11/2026, 64 of the 108 other Japan and Asia Pacific share funds charge more, 1 the same and 43 less (share classes counted once). **What does JPHU track?** JPHU tracks the JPX-Nikkei Index 400. **Is JPHU accumulating or distributing?** JPHU 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 JPHU?** The ISIN of JPHU is LU1681039217. An ISIN identifies one exact share class of a fund; JPHU is its ticker on the London Stock Exchange. **What does JPHU hold?** JPHU is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. **What were JPHU’s returns in each of the last five years?** Calendar-year returns of JPHU in pounds (price, with income reinvested in the fund): 2022 +9.8%, 2023 +28.8%, 2024 +26.8%, 2025 +21.0%; 2026 to 13/11/2026 +23.2%. Past performance is not a guide to future returns. **How has JPHU done after inflation?** Over the five years to 13/11/2026 JPHU’s total return was +162.0%, or +104.5% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/equity/amundi-jpxnikkei-400-ucits-etf-daily-hedged-usd-acc/lu1681039217) - 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.