# EUR Ultra-Short Income Active UCITS ETF AccumEUR (JSET)

**Page:** https://fundology.uk/fund/jset · ISIN IE00BD9MMF62

## 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, JSET (EUR Ultra-Short Income Active UCITS ETF AccumEUR, ISIN IE00BD9MMF62) closed at £92.44 on the London Stock Exchange. Its ongoing charge is 0.19% a year (about £19 on £10,000). Over the five years to 13/11/2026 its total return was +8.7%, or −15.2% after UK CPIH inflation.

## Summary

JPMorgan ETFs (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF AccumEUR 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 0.19% a year — about £19 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: **£92.44** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JSET |
| ISIN | IE00BD9MMF62 |
| Also listed as | JEST (Xetra, euros) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | JPMorgan |
| Income | Accumulating |
| Ongoing charge | 0.19% a year (£19 per £10,000) |
| Fund size | £1.3bn |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 06/06/2018 |

## 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 | -3.27% | -6.70% | income reinvested |
| 3 years | +4.79% | -5.33% | income reinvested |
| 5 years | +8.67% | -15.18% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of JPMorgan ETFs (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund): 2022 +5.0%, 2023 +1.3%, 2024 −0.8%, 2025 +7.7%; 2026 to 13/11/2026 −2.5%. Returns of JPMorgan ETFs (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: 0.0%; to 30/09/2025: +7.7%; to 30/09/2024: +0.4%; to 30/09/2023: +1.0%; to 30/09/2022: +1.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +5.0% | -3.9% | Price |
| 2023 | +1.3% | -2.7% | Price |
| 2024 | -0.8% | -4.2% | Price |
| 2025 | +7.7% | +4.0% | Price |
| 2026 to 13/11/2026 | -2.5% | -5.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 3.39% | -3.95% |
| 3 years | 3.91% | -3.95% |
| 5 years | 5.02% | -4.26% |

## Largest fall

Volatility of JPMorgan ETFs (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF AccumEUR in pounds, annualised from weekly returns to 13/11/2026: 3.4% over 1 year, 3.9% over 3 years, 5.0% over 5 years. Largest fall in the price of JPMorgan ETFs (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF AccumEUR since November 2021, in pounds: −4.3% from 03/02/2023 to 16/06/2023. The lowest 12-month return of JPMorgan ETFs (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund) since January 2021 was −6.5% (12 months to 14/01/2022); the highest was +8.9% (12 months to 07/11/2025). On 13/11/2026 the price of JPMorgan ETFs (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF AccumEUR was 3.7% below its highest weekly close since November 2021 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of JPMorgan ETFs (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF AccumEUR 0.19% a year. Compared on 14/11/2026, 261 of the 427 other corporate and other bond funds charge more, 10 the same and 156 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.19%** per year
- 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, JSET holds 253 positions, according to its published holdings. The largest is Cash and Cash Equivalent at 6.03% of the fund; the ten largest make up 17.3%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Cash and Cash Equivalent | — | 6.03% |
| 2 | Anz New Zea 0.2% 09/23/27/EUR/ | — | 1.59% |
| 3 | Dnb Bank ASA V/R 01/18/28/EUR/ | — | 1.52% |
| 4 | Amazon.Com 2.8% 03/16/28/EUR/ | — | 1.51% |
| 5 | Bank of Amer V/R 04/25/28/EUR/ | — | 1.51% |
| 6 | Unicredit Sp V/R 07/15/30/EUR/ | — | 1.20% |
| 7 | Goldman Sach V/R 02/17/29/EUR/ (XS3299472111) | — | 1.06% |
| 8 | Bank of Nova V/R 09/06/30/EUR/ | — | 1.04% |
| 9 | Parker-Hann 3.8% 03/01/30/EUR/ | — | 0.94% |
| 10 | Mitsubish 2.856% 11/26/28/EUR/ | — | 0.93% |

## Where it invests

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

### By country

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

| Country | Weight |
|---|---|
| United States | 23.2% |
| United Kingdom | 12.2% |
| France | 8.5% |
| Canada | 8.2% |
| Netherlands | 6.4% |
| Spain | 4.6% |
| Luxembourg | 4.5% |
| Germany | 3.2% |
| Other countries | 23.1% |
| Not classified | 6.0% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 94.0% |
| Cash and money market | 6.0% |

The 252 holdings on record (of 253 reported): https://fundology.uk/fund/jset/holdings

## Questions people ask

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

The ongoing charge of JSET is 0.19% a year — about £19 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 (Ireland) ICAV - EUR Ultra-Short Income Active UCITS ETF AccumEUR 0.19% a year. Compared on 14/11/2026, 261 of the 427 other corporate and other bond funds charge more, 10 the same and 156 less (share classes counted once).

**Is JSET accumulating or distributing?**

JSET 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 JSET?**

The ISIN of JSET is IE00BD9MMF62. An ISIN identifies one exact share class of a fund; JSET is its ticker on the London Stock Exchange. The same share class is also listed as JEST (Xetra, euros).

**What does JSET hold?**

As of 13/11/2026, JSET holds 253 positions, according to its published holdings. The largest is Cash and Cash Equivalent at 6.03% of the fund; the ten largest make up 17.3%. Its ten largest holdings are Cash and Cash Equivalent (6.03%), Anz New Zea 0.2% 09/23/27/EUR/ (1.59%), Dnb Bank ASA V/R 01/18/28/EUR/ (1.52%), Amazon.Com 2.8% 03/16/28/EUR/ (1.51%), Bank of Amer V/R 04/25/28/EUR/ (1.51%), Unicredit Sp V/R 07/15/30/EUR/ (1.20%), Goldman Sach V/R 02/17/29/EUR/ (XS3299472111) (1.06%), Bank of Nova V/R 09/06/30/EUR/ (1.04%), Parker-Hann 3.8% 03/01/30/EUR/ (0.94%) and Mitsubish 2.856% 11/26/28/EUR/ (0.93%).

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

Calendar-year returns of JSET in pounds (price, with income reinvested in the fund): 2022 +5.0%, 2023 +1.3%, 2024 −0.8%, 2025 +7.7%; 2026 to 13/11/2026 −2.5%. Past performance is not a guide to future returns.

**How has JSET done after inflation?**

Over the five years to 13/11/2026 JSET’s total return was +8.7%, or −15.2% 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-eur-ultra-short-income-active-ucits-etf-eur-acc-ie00bd9mmf62)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE00BD9MMF62&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.