ETF · JPMorgan
JRCE China A Research Enhanced Index Equity Active UCITS ETF Accum USD
ISIN IE00BMDV7578London Stock Exchange: JRCEJPMorgan Chase & Co.
- Emerging markets
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£17.41
on
- Ongoing charge
- 0.47% a year
- Fund size
- £10.5m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, JRCE (China A Research Enhanced Index Equity Active UCITS ETF Accum USD, ISIN IE00BMDV7578) closed at £17.41 on the London Stock Exchange. Its ongoing charge is 0.47% a year (about £47 on £10,000). Over the three years to 13/11/2026 its total return was +14.4%, or +3.3% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −4.3%
- −7.7% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +14.4%
- +3.3% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of China A Research Enhanced Index Equity Active UCITS ETF Accum USD in pounds (price, with income reinvested in the fund): 2023 −17.7%, 2024 +8.2%, 2025 +24.2%; 2026 to 13/11/2026 −6.3%. Returns of China A Research Enhanced Index Equity Active UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +6.5%; to 30/09/2025: +22.0%; to 30/09/2024: −4.3%; to 30/09/2023: −10.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −6.3% | −9.3% | |
| to | +24.2% | +20.0% | |
| to | +8.2% | +4.5% | |
| −17.7% | −21.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +6.5% | +2.7% |
| from | +22.0% | +17.2% |
| from | −4.3% | −6.7% |
| from | −10.7% | −16.0% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
21.7%over 3 years
| 1 year | 15.2% |
|---|---|
| 3 years | 21.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since February 2022
- −36.6%
- From to
- Lowest 12-month return
- −31.3%
- 12 months to
- Highest 12-month return
- +45.8%
- 12 months to
- Below its highest weekly close since February 2022
- 17.6%
- High of , latest
In words: Volatility of China A Research Enhanced Index Equity Active UCITS ETF Accum USD in pounds, annualised from weekly returns to 13/11/2026: 15.2% over 1 year, 21.7% over 3 years. Largest fall in the price of China A Research Enhanced Index Equity Active UCITS ETF Accum USD since February 2022, in pounds: −36.6% from 01/07/2022 to 13/09/2024. The lowest 12-month return of China A Research Enhanced Index Equity Active UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) since February 2022 was −31.3% (12 months to 02/02/2024); the highest was +45.8% (12 months to 19/06/2026). On 13/11/2026 the price of China A Research Enhanced Index Equity Active UCITS ETF Accum USD was 17.6% below its highest weekly close since February 2022 (19/06/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.47%
- a year
- On £10,000
- £47
- a year, roughly
- Over five years
- £233
- of £10,000, before growth
- 87 charge less
- 1 the same
- 63 charge more
Ongoing charge of China A Research Enhanced Index Equity Active UCITS ETF Accum USD 0.47% a year. Compared on 14/11/2026, 63 of the 151 other emerging-market share funds charge more, 1 the same and 87 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
China A Research Enhanced Index Equity Active UCITS ETF Accum USD 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 0.47% a year — about £47 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.
Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.
Key facts
- Ticker
- JRCE
- ISIN
- IE00BMDV7578
- Also listed as
- JREC (London Stock Exchange, US dollars)
- Provider
- JPMorgan
- Tracks
- No index — the manager chooses the holdings
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.47% a year · about £47 on £10,000
- Fund size
- £10.5m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Emerging markets
Price chart
Over the last year, the closing price went from £18.37 on 14/11/2025 to £17.41 on 13/11/2026 (−5.2%). The lowest close shown was £17.14 on 30/10/2026 and the highest £21.12 on 19/06/2026.
One close a week. Before 02/10/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
247 weekly closes, from 25/02/2022 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 335
- on record
- Ten largest
- 20.2%
- of the whole fund
- Effective number of holdings
- 117
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 4.5%
- Kweichow Moutai
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Kweichow Moutai600519China | 4.45% |
| 2 | Contemporary Amperex Technology300750China | 2.64% |
| 3 | China Merchants Bank600036China | 2.39% |
| 4 | China Yangtze Power600900China | 2.03% |
| 5 | Ping An Insurance (Group) Company of China601318China | 1.58% |
| 6 | Industrial and Commercial Bank of China601398China | 1.55% |
| 7 | Zijin Mining Group601899China | 1.53% |
| 8 | Cambricon Technologies688256China | 1.45% |
| 9 | Zhongji Innolight300308China | 1.37% |
| 10 | Agricultural Bank of China601288China | 1.24% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Information Technology24.6%
- Financials22.9%
- Industrials13.9%
- Materials12.1%
- Consumer Staples7.8%
- Health Care4.7%
- Consumer Discretionary4.6%
- Utilities3.6%
- Other sectors4.8%
By country
- China99.3%
- United States0.7%
By type of asset
- Equity99.3%
- Cash and money market0.7%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 335 holdings; the ten largest make up 20.2% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 195 rolling 12-month returns since February 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since February 2022, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1 and 3 years among up to 142 emerging-market share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI EM IMI UCITS ETF, over the three years to 13/11/2026 (156 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of JRCE?
The ongoing charge of JRCE is 0.47% a year — about £47 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 China A Research Enhanced Index Equity Active UCITS ETF Accum USD 0.47% a year. Compared on 14/11/2026, 63 of the 151 other emerging-market share funds charge more, 1 the same and 87 less (share classes counted once).
Is JRCE accumulating or distributing?
JRCE 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 JRCE?
The ISIN of JRCE is IE00BMDV7578. An ISIN identifies one exact share class of a fund; JRCE is its ticker on the London Stock Exchange. The same share class is also listed as JREC (London Stock Exchange, US dollars).
What does JRCE hold?
As of 13/11/2026, JRCE holds 335 positions, according to its published holdings. The largest is Kweichow Moutai at 4.45% of the fund; the ten largest make up 20.2%. Its ten largest holdings are Kweichow Moutai (4.45%), Contemporary Amperex Technology (2.64%), China Merchants Bank (2.39%), China Yangtze Power (2.03%), Ping An Insurance (Group) Company of China (1.58%), Industrial and Commercial Bank of China (1.55%), Zijin Mining Group (1.53%), Cambricon Technologies (1.45%), Zhongji Innolight (1.37%) and Agricultural Bank of China (1.24%).
What were JRCE’s returns in each of the last five years?
Calendar-year returns of JRCE in pounds (price, with income reinvested in the fund): 2023 −17.7%, 2024 +8.2%, 2025 +24.2%; 2026 to 13/11/2026 −6.3%. Past performance is not a guide to future returns.
How has JRCE done after inflation?
Over the three years to 13/11/2026 JRCE’s total return was +14.4%, or +3.3% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at J.P. Morgan Asset Management · Key investor information document (KIID) (links checked )
Methodology:ReturnsCategoriesAll methods
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