# EUR Government Bond Active UCITS ETF (JUEG)

**Page:** https://fundology.uk/fund/jueg · ISIN IE000JUREXG2

## 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, JUEG (EUR Government Bond Active UCITS ETF, ISIN IE000JUREXG2) closed at £8.30 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the year to 13/11/2026 its total return was −6.1%, or −9.4% after UK CPIH inflation.

## Summary

Jpmorgan ETFs Ireland ICAV - EUR Government Bond Active UCITS ETF is an exchange-traded fund (ETF) from JPMorgan, launched in 2025. 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 0.15% a year — about £15 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: **£8.30** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JUEG |
| ISIN | IE000JUREXG2 |
| Also listed as | JEUG (London Stock Exchange, euros) |
| Category | Government bonds |
| Type | ETF |
| Provider | JPMorgan |
| Income | Accumulating |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £266m |
| Launched | 2025 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 21/01/2025 |

## 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 | -6.10% | -9.43% | 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 Government Bond Active UCITS ETF in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −6.2%. Returns of Jpmorgan ETFs Ireland ICAV - EUR Government Bond Active UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −5.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | -6.2% | -9.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.80% | -9.63% |

## Largest fall

Volatility of Jpmorgan ETFs Ireland ICAV - EUR Government Bond Active UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.8% over 1 year. Largest fall in the price of Jpmorgan ETFs Ireland ICAV - EUR Government Bond Active UCITS ETF since January 2025, in pounds: −9.6% from 27/02/2026 to 23/10/2026. On 13/11/2026 the price of Jpmorgan ETFs Ireland ICAV - EUR Government Bond Active UCITS ETF was 9.3% below its highest weekly close since January 2025 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Jpmorgan ETFs Ireland ICAV - EUR Government Bond Active UCITS ETF 0.15% a year. Compared on 14/11/2026, 117 of the 311 other government bond funds charge more, 28 the same and 166 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** per year (as of 14/10/2026)
- 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, JUEG holds 294 positions, according to its published holdings. The largest is France (Gov 2.4% 09/24/29/EUR/ at 6.88% of the fund; the ten largest make up 23.4%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | France (Gov 2.4% 09/24/29/EUR/ | — | 6.88% |
| 2 | Bonos Y Obl 3.4% 10/31/36/EUR/ | — | 2.67% |
| 3 | Bundesrepub 0.5% 02/15/28/EUR/ | — | 2.47% |
| 4 | Cash and Cash Equivalent | — | 1.90% |
| 5 | France (Govt 0% 11/25/31/EUR/ | — | 1.83% |
| 6 | Buoni Polienn 3% 09/15/29/EUR/ | — | 1.67% |
| 7 | European Unio 4% 10/12/46/EUR/ | — | 1.66% |
| 8 | France (Gov 3.5% 11/25/35/EUR/ | — | 1.54% |
| 9 | France (Gov 3.5% 11/25/33/EUR/ | — | 1.40% |
| 10 | European 2.375% 07/12/29/EUR/ | — | 1.37% |

## 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 |
|---|---|
| Government/ Cash | 80.9% |
| Foreign Agencies | 9.2% |
| Hard Currency Sovereign | 5.0% |
| Supranationals | 4.9% |

### By country

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

| Country | Weight |
|---|---|
| France | 26.4% |
| Italy | 20.6% |
| Spain | 14.0% |
| Germany | 7.1% |
| Poland | 4.3% |
| Austria | 2.4% |
| Greece | 2.1% |
| Portugal | 1.9% |
| Other countries | 10.2% |
| Not classified | 11.0% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 98.5% |
| Cash and money market | 1.4% |

The 277 holdings on record (of 294 reported): https://fundology.uk/fund/jueg/holdings

## Questions people ask

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

The ongoing charge of JUEG is 0.15% a year — about £15 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 Government Bond Active UCITS ETF 0.15% a year. Compared on 14/11/2026, 117 of the 311 other government bond funds charge more, 28 the same and 166 less (share classes counted once).

**Is JUEG accumulating or distributing?**

JUEG 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 JUEG?**

The ISIN of JUEG is IE000JUREXG2. An ISIN identifies one exact share class of a fund; JUEG is its ticker on the London Stock Exchange. The same share class is also listed as JEUG (London Stock Exchange, euros).

**What does JUEG hold?**

As of 13/11/2026, JUEG holds 294 positions, according to its published holdings. The largest is France (Gov 2.4% 09/24/29/EUR/ at 6.88% of the fund; the ten largest make up 23.4%. Its ten largest holdings are France (Gov 2.4% 09/24/29/EUR/ (6.88%), Bonos Y Obl 3.4% 10/31/36/EUR/ (2.67%), Bundesrepub 0.5% 02/15/28/EUR/ (2.47%), Cash and Cash Equivalent (1.90%), France (Govt 0% 11/25/31/EUR/ (1.83%), Buoni Polienn 3% 09/15/29/EUR/ (1.67%), European Unio 4% 10/12/46/EUR/ (1.66%), France (Gov 3.5% 11/25/35/EUR/ (1.54%), France (Gov 3.5% 11/25/33/EUR/ (1.40%) and European 2.375% 07/12/29/EUR/ (1.37%).

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

Calendar-year returns of JUEG in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −6.2%. Past performance is not a guide to future returns.

**How has JUEG done after inflation?**

Over the year to 13/11/2026 JUEG’s total return was −6.1%, or −9.4% 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-government-bond-active-ucits-etf-eur-acc-ie000jurexg2)
- [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE000JUREXG2&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.