# JPM USD Ultra-Short Income Active UCITS ETF USD (JPTS)

**Page:** https://fundology.uk/fund/jpts · ISIN IE00BDFC6Q91

## 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, JPTS (JPM USD Ultra-Short Income Active UCITS ETF USD, ISIN IE00BDFC6Q91) closed at £76.35 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 +22.2%, or −4.6% after UK CPIH inflation.

## Summary

JPM USD Ultra-Short Income Active UCITS ETF USD is an exchange-traded fund (ETF) from JPMorgan, launched in 2018. 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 0.18% 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 paid out to holders as cash, usually a few times a year.

Latest close: **£76.35** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JPTS |
| ISIN | IE00BDFC6Q91 |
| Also listed as | JPST (London Stock Exchange, US dollars), JPPS (Xetra, euros) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | JPMorgan |
| Income | Distributing |
| Ongoing charge | 0.18% a year (£18 per £10,000) |
| Fund size | £107m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 15/02/2018 |

## 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 | +2.52% | -1.11% | income reinvested |
| 3 years | +6.51% | -3.77% | income reinvested |
| 5 years | +22.24% | -4.59% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of JPM USD Ultra-Short Income Active UCITS ETF USD in pounds (price only, income paid out not included): 2022 +11.8%, 2023 −5.0%, 2024 +2.9%, 2025 −7.5%; 2026 to 13/11/2026 +1.1%. Returns of JPM USD Ultra-Short Income Active UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +0.8%; to 30/09/2025: −0.4%; to 30/09/2024: −8.2%; to 30/09/2023: −8.0%; to 30/09/2022: +20.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +11.8% | +2.4% | Price |
| 2023 | -5.0% | -8.8% | Price |
| 2024 | +2.9% | -0.6% | Price |
| 2025 | -7.5% | -10.6% | Price |
| 2026 to 13/11/2026 | +1.1% | -2.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.54% | -4.37% |
| 3 years | 6.36% | -10.89% |
| 5 years | 7.61% | -19.10% |

## Largest fall

Volatility of JPM USD Ultra-Short Income Active UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 5.5% over 1 year, 6.4% over 3 years, 7.6% over 5 years. Largest fall in the price of JPM USD Ultra-Short Income Active UCITS ETF USD since November 2021, in pounds: −19.1% from 23/09/2022 to 27/06/2025. The lowest 12-month return of JPM USD Ultra-Short Income Active UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −10.2% (12 months to 22/09/2023); the highest was +23.9% (12 months to 23/09/2022). On 13/11/2026 the price of JPM USD Ultra-Short Income Active UCITS ETF USD was 16.5% below its highest weekly close since November 2021 (23/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of JPM USD Ultra-Short Income Active UCITS ETF USD 0.18% a year. Compared on 14/11/2026, 272 of the 427 other corporate and other bond funds charge more, 10 the same and 145 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.18%** per year (as of 13/10/2026)
- 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, JPTS holds 430 positions, according to its published holdings. The largest is Cash and Cash Equivalent at 8.13% of the fund; the ten largest make up 20.1%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Cash and Cash Equivalent | — | 8.13% |
| 2 | US Treas Nts 3.375% 02/29/28 | — | 3.03% |
| 3 | Cooperat Rabobank V/R 01/14/28 | — | 2.73% |
| 4 | CRH Amer Fin Inc Disc 02/12/27 | — | 1.04% |
| 5 | Suncorp Bk Norfi Disc 11/27/26 | — | 0.97% |
| 6 | Mizuho Bk Ltd 4.2% 03/24/27 | — | 0.94% |
| 7 | Home Depot Inc 2.875% 04/15/27 | — | 0.91% |
| 8 | Roche Holdings 2.314% 03/10/27 | — | 0.91% |
| 9 | Fells Point Fu 3.046% 01/31/27 | — | 0.74% |
| 10 | Bank of America C V/R 04/27/28 | — | 0.71% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Corporate | 71.2% |
| Money Market Instruments | 24.6% |
| Government | 3.2% |
| Securitized | 0.7% |
| Non-Corporate Credit | 0.1% |

### By country

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

| Country | Weight |
|---|---|
| United States | 60.2% |
| Canada | 10.6% |
| United Kingdom | 4.7% |
| Netherlands | 3.7% |
| Japan | 3.6% |
| Sweden | 3.1% |
| Australia | 3.0% |
| France | 2.5% |
| Other countries | 8.7% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 90.0% |
| Cash and money market | 9.7% |
| Other | 0.3% |

The 429 holdings on record (of 430 reported): https://fundology.uk/fund/jpts/holdings

## Questions people ask

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

The ongoing charge of JPTS 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 JPM USD Ultra-Short Income Active UCITS ETF USD 0.18% a year. Compared on 14/11/2026, 272 of the 427 other corporate and other bond funds charge more, 10 the same and 145 less (share classes counted once).

**Is JPTS accumulating or distributing?**

JPTS 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 JPTS?**

The ISIN of JPTS is IE00BDFC6Q91. An ISIN identifies one exact share class of a fund; JPTS is its ticker on the London Stock Exchange. The same share class is also listed as JPST (London Stock Exchange, US dollars) and JPPS (Xetra, euros).

**What does JPTS hold?**

As of 13/11/2026, JPTS holds 430 positions, according to its published holdings. The largest is Cash and Cash Equivalent at 8.13% of the fund; the ten largest make up 20.1%. Its ten largest holdings are Cash and Cash Equivalent (8.13%), US Treas Nts 3.375% 02/29/28 (3.03%), Cooperat Rabobank V/R 01/14/28 (2.73%), CRH Amer Fin Inc Disc 02/12/27 (1.04%), Suncorp Bk Norfi Disc 11/27/26 (0.97%), Mizuho Bk Ltd 4.2% 03/24/27 (0.94%), Home Depot Inc 2.875% 04/15/27 (0.91%), Roche Holdings 2.314% 03/10/27 (0.91%), Fells Point Fu 3.046% 01/31/27 (0.74%) and Bank of America C V/R 04/27/28 (0.71%).

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

Calendar-year returns of JPTS in pounds (price only, income paid out not included): 2022 +11.8%, 2023 −5.0%, 2024 +2.9%, 2025 −7.5%; 2026 to 13/11/2026 +1.1%. Past performance is not a guide to future returns.

**How has JPTS done after inflation?**

Over the five years to 13/11/2026 JPTS’s total return was +22.2%, or −4.6% 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-ultra-short-income-active-ucits-etf-usd-dist-ie00bdfc6q91)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE00BDFC6Q91&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.