# Europe Res Enh Idx Eq Act UCITS ETF Accum EUR (JRZE)

**Page:** https://fundology.uk/fund/jrze · ISIN IE00004PGEY9

## 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, JRZE (Europe Res Enh Idx Eq Act UCITS ETF Accum EUR, ISIN IE00004PGEY9) closed at £38.69 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the three years to 13/11/2026 its price changed by +59.2%, or +43.9% after UK CPIH inflation.

## Summary

JPM ETF IRE ICAV - Europe Res Enh Idx Eq Act UCITS ETF Accum EUR 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 0.25% a year — about £25 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: **£38.69** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JRZE |
| ISIN | IE00004PGEY9 |
| Also listed as | JREZ (London Stock Exchange, euros) |
| Category | European shares |
| Type | ETF |
| Provider | JPMorgan |
| Income | Accumulating |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £470m |
| Launched | 2022 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 26/04/2022 |

## 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 | +12.06% | +8.09% | income reinvested |
| 3 years | +59.24% | +43.87% | 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 JPM ETF IRE ICAV - Europe Res Enh Idx Eq Act UCITS ETF Accum EUR in pounds (price, with income reinvested in the fund): 2023 +17.8%, 2024 +3.1%, 2025 +31.2%; 2026 to 13/11/2026 +9.0%. Returns of JPM ETF IRE ICAV - Europe Res Enh Idx Eq Act UCITS ETF Accum EUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +13.7%; to 30/09/2025: +19.6%; to 30/09/2024: +18.0%; to 30/09/2023: +23.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2023 | +17.8% | +13.1% | Price |
| 2024 | +3.1% | -0.4% | Price |
| 2025 | +31.2% | +26.7% | Price |
| 2026 to 13/11/2026 | +9.0% | +5.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 15.55% | -11.09% |
| 3 years | 13.99% | -11.09% |

## Largest fall

Volatility of JPM ETF IRE ICAV - Europe Res Enh Idx Eq Act UCITS ETF Accum EUR in pounds, annualised from weekly returns to 13/11/2026: 15.6% over 1 year, 14.0% over 3 years. Largest fall in the price of JPM ETF IRE ICAV - Europe Res Enh Idx Eq Act UCITS ETF Accum EUR since May 2022, in pounds: −11.3% from 27/05/2022 to 14/10/2022. The lowest 12-month return of JPM ETF IRE ICAV - Europe Res Enh Idx Eq Act UCITS ETF Accum EUR in pounds (price, with income reinvested in the fund) since May 2022 was +0.2% (12 months to 04/04/2025); the highest was +31.2% (12 months to 02/01/2026). On 13/11/2026 the price of JPM ETF IRE ICAV - Europe Res Enh Idx Eq Act UCITS ETF Accum EUR was 3.9% below its highest weekly close since May 2022 (14/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of JPM ETF IRE ICAV - Europe Res Enh Idx Eq Act UCITS ETF Accum EUR 0.25% a year. Compared on 14/11/2026, 88 of the 242 other European share funds charge more, 24 the same and 130 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** per year (as of 12/10/2026)
- 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, JRZE holds 110 positions, according to its published holdings. The largest is ASML at 7.79% of the fund; the ten largest make up 34.6%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ASML | [ASML](https://fundology.uk/stock/ASML) | 7.79% |
| 2 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 3.85% |
| 3 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 3.56% |
| 4 | TotalEnergies | [TTE](https://fundology.uk/stock/TTE) | 3.15% |
| 5 | SAP | [SAP](https://fundology.uk/stock/SAP) | 3.02% |
| 6 | Banco Santander | [SAN](https://fundology.uk/stock/SAN) | 2.96% |
| 7 | Iberdrola | [IBE](https://fundology.uk/stock/IBE) | 2.79% |
| 8 | Air Liquide | [AI](https://fundology.uk/stock/AI) | 2.67% |
| 9 | UniCredit | [UCG](https://fundology.uk/stock/UCG) | 2.52% |
| 10 | Safran | [SAF](https://fundology.uk/stock/SAF) | 2.25% |

## 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 |
|---|---|
| Banks | 18.3% |
| General Industry | 15.3% |
| Insurance | 7.2% |
| Utilities | 6.9% |
| Health Care | 5.3% |
| Retail | 5.0% |
| Technology - Software | 4.1% |
| Consumer Non-Durables | 4.0% |
| Other sectors | 21.3% |

### By country

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

| Country | Weight |
|---|---|
| France | 28.5% |
| Germany | 28.0% |
| Netherlands | 18.3% |
| Spain | 9.7% |
| Italy | 8.2% |
| Belgium | 2.3% |
| Ireland | 2.0% |
| Finland | 1.4% |
| Other countries | 0.6% |
| Not classified | 1.0% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.0% |
| Cash and money market | 1.0% |

All 110 holdings: https://fundology.uk/fund/jrze/holdings

## Questions people ask

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

The ongoing charge of JRZE is 0.25% a year — about £25 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 ETF IRE ICAV - Europe Res Enh Idx Eq Act UCITS ETF Accum EUR 0.25% a year. Compared on 14/11/2026, 88 of the 242 other European share funds charge more, 24 the same and 130 less (share classes counted once).

**Is JRZE accumulating or distributing?**

JRZE 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 JRZE?**

The ISIN of JRZE is IE00004PGEY9. An ISIN identifies one exact share class of a fund; JRZE is its ticker on the London Stock Exchange. The same share class is also listed as JREZ (London Stock Exchange, euros).

**What does JRZE hold?**

As of 13/11/2026, JRZE holds 110 positions, according to its published holdings. The largest is ASML at 7.79% of the fund; the ten largest make up 34.6%. Its ten largest holdings are ASML (7.79%), Siemens (3.85%), Allianz (3.56%), TotalEnergies (3.15%), SAP (3.02%), Banco Santander (2.96%), Iberdrola (2.79%), Air Liquide (2.67%), UniCredit (2.52%) and Safran (2.25%).

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

Calendar-year returns of JRZE in pounds (price, with income reinvested in the fund): 2023 +17.8%, 2024 +3.1%, 2025 +31.2%; 2026 to 13/11/2026 +9.0%. Past performance is not a guide to future returns.

**How has JRZE done after inflation?**

Over the three years to 13/11/2026 JRZE’s price changed by +59.2%, or +43.9% 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-eurozone-research-enhanced-index-equity-active-ucits-etf-eur-acc-ie00004pgey9)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE00004PGEY9&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.