# Amundi Japan TOPIX II UCITS ETF -Dist EUR- (JPNL) **Source:** https://fundology.uk/fund/jpnl · ISIN FR0010245514 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Amundi), 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 01/10/2026, JPNL (Amundi Japan TOPIX II UCITS ETF -Dist EUR-, ISIN FR0010245514) closed at £194.70 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000). Over the five years to 01/10/2026 its total return was +57.6%, or +23.2% after UK CPIH inflation. ## Summary Amundi Japan TOPIX II UCITS ETF -Dist EUR- is an exchange-traded fund (ETF) from Amundi, launched in 2005. It tracks the TOPIX — large and medium-sized Japanese companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.45% a year — about £45 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: **£194.70** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | JPNL | | ISIN | FR0010245514 | | Category | Japan & Asia Pacific | | Type | ETF | | Provider | Amundi | | Tracks | TOPIX | | Income | Distributing | | Ongoing charge | 0.45% a year (£45 per £10,000) | | Fund size | £281m | | Launched | 2005 | | Domicile | France | ## Past returns (periods to 01/10/2026) 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 | +26.45% | +22.48% | income reinvested | | 3 years | +61.47% | +45.71% | income reinvested | | 5 years | +57.65% | +23.24% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi Japan TOPIX II UCITS ETF -Dist EUR- in pounds (price only, income paid out not included): 2022 −7.5%, 2023 +11.6%, 2024 +7.6%, 2025 +16.9%; 2026 to 01/10/2026 +21.9%. Returns of Amundi Japan TOPIX II UCITS ETF -Dist EUR- in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +26.2%; to 30/09/2025: +14.9%; to 30/09/2024: +8.4%; to 30/09/2023: +11.8%; to 30/09/2022: −15.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -7.5% | -15.4% | Price | | 2023 | +11.6% | +7.2% | Price | | 2024 | +7.6% | +4.0% | Price | | 2025 | +16.9% | +12.9% | Price | | 2026 to 01/10/2026 | +21.9% | +18.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 18.55% | -10.63% | | 3 years | 16.36% | -12.55% | | 5 years | 15.30% | -16.58% | ## Largest fall Volatility of Amundi Japan TOPIX II UCITS ETF -Dist EUR- in pounds, annualised from weekly returns to 01/10/2026: 18.6% over 1 year, 16.4% over 3 years, 15.3% over 5 years. Largest fall in the price of Amundi Japan TOPIX II UCITS ETF -Dist EUR- since October 2021, in pounds: −16.6% from 05/11/2021 to 17/06/2022. The lowest 12-month return of Amundi Japan TOPIX II UCITS ETF -Dist EUR- in pounds (price only, income paid out not included) since January 2021 was −14.4% (12 months to 16/09/2022); the highest was +38.1% (12 months to 03/04/2026). On 01/10/2026 the price of Amundi Japan TOPIX II UCITS ETF -Dist EUR- was at its highest weekly close since October 2021, in pounds. ## Charges compared with similar funds Ongoing charge of Amundi Japan TOPIX II UCITS ETF -Dist EUR- 0.45% a year, as of 02/10/2026: 16 of the 92 other Japan and Asia Pacific share funds charge more, 4 the same and 72 less (share classes counted once). ## Funds tracking the same index 3 funds track TOPIX, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.48% a year (01/10/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Index Solutions - Japan TOPIX UCITS ETF | 0.20% | +27.1% | +63.0% | +60.3% | | Amundi Japan TOPIX II UCITS ETF -Dist EUR- (this fund) | 0.45% | +26.4% | +61.5% | +57.6% | | Amundi Japan TOPIX UCITS ETF - Daily Hedged GBP (C) | 0.48% | +36.7% | +107.4% | +153.4% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.45%** per year - ISA eligible: yes - SIPP eligible: yes ## What it holds As of 29/09/2026, JPNL holds 1,481 positions, according to the holdings Amundi publishes. The largest is Mitsubishi UFJ Financial Group at 3.93% of the fund; the ten largest make up 23.7%. ### Top holdings Largest positions (as of 29/09/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Mitsubishi UFJ Financial Group | [8306](https://fundology.uk/stock/8306) | 3.93% | | 2 | Sumitomo Mitsui Financial Group | [8316](https://fundology.uk/stock/8316) | 2.54% | | 3 | Toyota Motor | [7203](https://fundology.uk/stock/7203) | 2.49% | | 4 | Hitachi | [6501](https://fundology.uk/stock/6501) | 2.45% | | 5 | Sony Group Corp (Jt) | — | 2.20% | | 6 | Tokyo Electron | [8035](https://fundology.uk/stock/8035) | 2.13% | | 7 | Recruit | [6098](https://fundology.uk/stock/6098) | 2.10% | | 8 | Mizuho Financial Group | [8411](https://fundology.uk/stock/8411) | 2.04% | | 9 | SoftBank Group | [9984](https://fundology.uk/stock/9984) | 2.04% | | 10 | Advantest Corp Y50 | — | 1.80% | Source: Amundi, holdings as published, as of 29/09/2026. ## 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 Amundi, as of 29/09/2026. | Sector | Weight | |---|---| | Industrials | 25.8% | | Financials | 18.9% | | Information Technology | 15.9% | | Consumer Discretionary | 14.1% | | Communication Services | 6.5% | | Materials | 5.2% | | Health Care | 5.0% | | Consumer Staples | 4.7% | | Other sectors | 3.8% | The 1,039 holdings on record (of 1,481 Amundi reports): https://fundology.uk/fund/jpnl/holdings ## Questions people ask **What is the ongoing charge of JPNL?** The ongoing charge of JPNL is 0.45% a year — about £45 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 Japan TOPIX II UCITS ETF -Dist EUR- 0.45% a year, as of 02/10/2026: 16 of the 92 other Japan and Asia Pacific share funds charge more, 4 the same and 72 less (share classes counted once). **What does JPNL track?** JPNL tracks the TOPIX — large and medium-sized Japanese companies. **Is JPNL accumulating or distributing?** JPNL is distributing: income is paid out to holders as cash, usually a few times a year. It pays out annual. **What is the ISIN of JPNL?** The ISIN of JPNL is FR0010245514. An ISIN identifies one exact share class of a fund; JPNL is its ticker on the London Stock Exchange. **What does JPNL hold?** As of 29/09/2026, JPNL holds 1,481 positions, according to the holdings Amundi publishes. The largest is Mitsubishi UFJ Financial Group at 3.93% of the fund; the ten largest make up 23.7%. Its ten largest holdings are Mitsubishi UFJ Financial Group (3.93%), Sumitomo Mitsui Financial Group (2.54%), Toyota Motor (2.49%), Hitachi (2.45%), Sony Group Corp (Jt) (2.20%), Tokyo Electron (2.13%), Recruit (2.10%), Mizuho Financial Group (2.04%), SoftBank Group (2.04%) and Advantest Corp Y50 (1.80%). **What were JPNL’s returns in each of the last five years?** Calendar-year returns of JPNL in pounds (price only, income paid out not included): 2022 −7.5%, 2023 +11.6%, 2024 +7.6%, 2025 +16.9%; 2026 to 01/10/2026 +21.9%. Past performance is not a guide to future returns. **How has JPNL done after inflation?** Over the five years to 01/10/2026 JPNL’s total return was +57.6%, or +23.2% 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.