# AC APAC ex-Japan REI Eq. Active Acc (JRAE)

**Page:** https://fundology.uk/fund/jrae · ISIN IE00BMDV7354

## 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, JRAE (AC APAC ex-Japan REI Eq. Active Acc, ISIN IE00BMDV7354) closed at £26.45 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the three years to 13/11/2026 its price changed by +60.5%, or +45.0% after UK CPIH inflation.

## Summary

JPMorgan ETFs (IE) ICAV - AC APAC ex-Japan REI Eq. Active Acc is an exchange-traded fund (ETF) from JPMorgan, launched in 2022. 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 0.3% a year — about £30 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: **£26.45** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JRAE |
| ISIN | IE00BMDV7354 |
| Also listed as | JREA (London Stock Exchange, US dollars) |
| Category | Japan & Asia Pacific |
| Type | ETF |
| Provider | JPMorgan |
| Income | Accumulating |
| Ongoing charge | 0.30% a year (£30 per £10,000) |
| Fund size | £159m |
| Launched | 2022 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 15/02/2022 |

## 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 | +16.60% | +12.47% | income reinvested |
| 3 years | +60.53% | +45.04% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of JPMorgan ETFs (IE) ICAV - AC APAC ex-Japan REI Eq. Active Acc in pounds (price, with income reinvested in the fund): 2023 −1.2%, 2024 +11.9%, 2025 +21.3%; 2026 to 13/11/2026 +14.5%. Returns of JPMorgan ETFs (IE) ICAV - AC APAC ex-Japan REI Eq. Active Acc in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +29.6%; to 30/09/2025: +16.6%; to 30/09/2024: +14.9%; to 30/09/2023: +1.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2023 | -1.2% | -5.2% | Price |
| 2024 | +11.9% | +8.1% | Price |
| 2025 | +21.3% | +17.1% | Price |
| 2026 to 13/11/2026 | +14.5% | +10.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 19.04% | -14.71% |
| 3 years | 15.73% | -14.71% |

## Largest fall

Volatility of JPMorgan ETFs (IE) ICAV - AC APAC ex-Japan REI Eq. Active Acc in pounds, annualised from weekly returns to 13/11/2026: 19.0% over 1 year, 15.7% over 3 years. Largest fall in the price of JPMorgan ETFs (IE) ICAV - AC APAC ex-Japan REI Eq. Active Acc since February 2022, in pounds: −16.3% from 08/04/2022 to 28/10/2022. The lowest 12-month return of JPMorgan ETFs (IE) ICAV - AC APAC ex-Japan REI Eq. Active Acc in pounds (price, with income reinvested in the fund) since February 2022 was −13.0% (12 months to 02/02/2024); the highest was +57.5% (12 months to 19/06/2026). On 13/11/2026 the price of JPMorgan ETFs (IE) ICAV - AC APAC ex-Japan REI Eq. Active Acc was 12.9% below its highest weekly close since February 2022 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of JPMorgan ETFs (IE) ICAV - AC APAC ex-Japan REI Eq. Active Acc 0.30% a year. Compared on 14/11/2026, 38 of the 108 other Japan and Asia Pacific share funds charge more, 5 the same and 65 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.30%** 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, JRAE holds 329 positions, according to its published holdings. The largest is TSMC at 10.06% of the fund; the ten largest make up 34.4%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 10.06% |
| 2 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 7.44% |
| 3 | SK hynix | [000660](https://fundology.uk/stock/000660) | 4.67% |
| 4 | Tencent | [700](https://fundology.uk/stock/700) | 2.83% |
| 5 | BHP Group | [BHP](https://fundology.uk/stock/BHP) | 2.00% |
| 6 | MediaTek | [2454](https://fundology.uk/stock/2454) | 1.86% |
| 7 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 1.80% |
| 8 | Commonwealth Bank of Australia | [CBA](https://fundology.uk/stock/CBA) | 1.39% |
| 9 | China Construction Bank | [601939](https://fundology.uk/stock/601939) | 1.18% |
| 10 | DBS Group | [D05](https://fundology.uk/stock/D05) | 1.18% |

## 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 13/11/2026.

| Sector | Weight |
|---|---|
| Information Technology | 39.1% |
| Financials | 23.4% |
| Consumer Discretionary | 8.1% |
| Industrials | 6.4% |
| Materials | 5.3% |
| Communication Services | 5.1% |
| Energy | 2.9% |
| Health Care | 2.9% |
| Other sectors | 5.6% |

### By country

Added up from the fund’s published holdings, as of 13/11/2026.

| Country | Weight |
|---|---|
| Taiwan | 25.3% |
| South Korea | 18.0% |
| India | 12.7% |
| Australia | 12.5% |
| China | 10.3% |
| Cayman Islands | 10.2% |
| Hong Kong | 3.7% |
| Singapore | 3.4% |
| Other countries | 3.9% |

### By type of asset

Added up from the fund’s published holdings, as of 13/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 98.9% |
| Cash and money market | 1.1% |

All 329 holdings: https://fundology.uk/fund/jrae/holdings

## Questions people ask

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

The ongoing charge of JRAE is 0.30% a year — about £30 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 - AC APAC ex-Japan REI Eq. Active Acc 0.30% a year. Compared on 14/11/2026, 38 of the 108 other Japan and Asia Pacific share funds charge more, 5 the same and 65 less (share classes counted once).

**Is JRAE accumulating or distributing?**

JRAE 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 JRAE?**

The ISIN of JRAE is IE00BMDV7354. An ISIN identifies one exact share class of a fund; JRAE is its ticker on the London Stock Exchange. The same share class is also listed as JREA (London Stock Exchange, US dollars).

**What does JRAE hold?**

As of 13/11/2026, JRAE holds 329 positions, according to its published holdings. The largest is TSMC at 10.06% of the fund; the ten largest make up 34.4%. Its ten largest holdings are TSMC (10.06%), Samsung Electronics (7.44%), SK hynix (4.67%), Tencent (2.83%), BHP Group (2.00%), MediaTek (1.86%), Alibaba Group (1.80%), Commonwealth Bank of Australia (1.39%), China Construction Bank (1.18%) and DBS Group (1.18%).

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

Calendar-year returns of JRAE in pounds (price, with income reinvested in the fund): 2023 −1.2%, 2024 +11.9%, 2025 +21.3%; 2026 to 13/11/2026 +14.5%. Past performance is not a guide to future returns.

**How has JRAE done after inflation?**

Over the three years to 13/11/2026 JRAE’s price changed by +60.5%, or +45.0% 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-ac-asia-pacific-ex-japan-research-enhanced-index-equity-active-ucits-etf-usd-acc-ie00bmdv7354)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE00BMDV7354&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.