ETF · Invesco
N4US Invesco JPX-Nikkei 400 UCITS ETF USD Hedged
ISIN IE00BVGC6751London Stock Exchange: N4USInvesco Ltd.
- Japan & Asia Pacific
- ETF
- ISA
- SIPP
- Accumulating
- USD hedged
Latest close
LSE$56.66
on
- Ongoing charge
- 0.19% a year
- Fund size
- £10.8m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, N4US (Invesco JPX-Nikkei 400 UCITS ETF USD Hedged, ISIN IE00BVGC6751) closed at $56.66 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 +163.0%, or +105.3% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +24.1%
- +19.7% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +85.4%
- +67.5% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +163.0%
- +105.3% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £2,630 on 13/11/2026 — about £2,053 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
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 Invesco JPX-Nikkei 400 UCITS ETF USD Hedged in pounds (price, with income reinvested in the fund): 2022 +10.9%, 2023 +28.6%, 2024 +27.3%, 2025 +20.3%; 2026 to 13/11/2026 +22.6%. Returns of Invesco JPX-Nikkei 400 UCITS ETF USD Hedged in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +37.7%; to 30/09/2025: +23.5%; to 30/09/2024: +13.3%; to 30/09/2023: +20.9%; to 30/09/2022: +18.6%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +22.6% | +18.6% | |
| to | +20.3% | +16.2% | |
| to | +27.3% | +22.9% | |
| +28.6% | +23.5% | ||
| +10.9% | +1.5% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +37.7% | +32.8% |
| from | +23.5% | +18.7% |
| from | +13.3% | +10.5% |
| from | +20.9% | +13.7% |
| from | +18.6% | +9.0% |
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)
17.4%over 5 years
| 1 year | 18.9% |
|---|---|
| 3 years | 18.7% |
| 5 years | 17.4% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −16.8%
- From to
- Lowest 12-month return
- −9.9%
- 12 months to
- Highest 12-month return
- +59.1%
- 12 months to
- Below its highest weekly close since November 2021
- 3.3%
- High of , latest
In words: Volatility of Invesco JPX-Nikkei 400 UCITS ETF USD Hedged in pounds, annualised from weekly returns to 13/11/2026: 18.9% over 1 year, 18.7% over 3 years, 17.4% over 5 years. Largest fall in the price of Invesco JPX-Nikkei 400 UCITS ETF USD Hedged since November 2021, in pounds: −16.8% from 31/01/2025 to 04/04/2025. The lowest 12-month return of Invesco JPX-Nikkei 400 UCITS ETF USD Hedged in pounds (price, with income reinvested in the fund) since January 2021 was −9.9% (12 months to 11/04/2025); the highest was +59.1% (12 months to 10/04/2026). On 13/11/2026 the price of Invesco JPX-Nikkei 400 UCITS ETF USD Hedged was 3.3% below its highest weekly close since November 2021 (09/10/2026), 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
- 0.19%
- a year
- On £10,000
- £19
- a year, roughly
- Over five years
- £95
- of £10,000, before growth
- 45 charge less
- 3 the same
- 60 charge more
Ongoing charge of Invesco JPX-Nikkei 400 UCITS ETF USD Hedged 0.19% a year. Compared on 14/11/2026, 60 of the 108 other Japan and Asia Pacific share funds charge more, 3 the same and 45 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco JPX-Nikkei 400 UCITS ETF USD Hedged is an exchange-traded fund (ETF) from Invesco, launched in 2015.
It tracks the JPX-Nikkei Index 400.
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.
It is currency-hedged to US dollars, not to the pound: it aims to remove most of the effect of exchange-rate moves against US dollars, so a holder who counts in pounds still has currency risk.
Japan & Asia Pacific: Companies in Japan, Australia, Hong Kong, Singapore and the wider Pacific region.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- N4US
- ISIN
- IE00BVGC6751
- Provider
- Invesco
- Tracks
- JPX-Nikkei Index 400
- 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
- 0.19% a year · about £19 on £10,000
- Fund size
- £10.8m
- 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
- Yes, to US dollars
- Price currency
- USD
- Category
- Japan & Asia Pacific
Price chart
Over the last year, the closing price went from $45.96 on 14/11/2025 to $56.66 on 13/11/2026 (+23.3%). The lowest close shown was $44.80 on 21/11/2025 and the highest $58.57 on 09/10/2026.
One close a week. Before 04/08/2026 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
258 weekly closes, from 12/11/2021 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
- 399
- 401 reported in all
- Ten largest
- 17.9%
- of the whole fund
- Effective number of holdings
- 119
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 2.3%
- Recruit
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Recruit6098 | 2.34% |
| 2 | Itochu8001 | 1.92% |
| 3 | Sony Group6758 | 1.92% |
| 4 | Tokio Marine8766 | 1.82% |
| 5 | Toyota Motor7203 | 1.70% |
| 6 | Mitsubishi8058 | 1.68% |
| 7 | Mitsui8031 | 1.67% |
| 8 | Hitachi6501 | 1.64% |
| 9 | Mitsubishi UFJ Financial Group8306 | 1.61% |
| 10 | Mizuho Financial Group8411 | 1.55% |
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
- Industrials28.3%
- Consumer Discretionary16.0%
- Financials15.2%
- Information Technology13.3%
- Communication Services6.2%
- Health Care5.9%
- Consumer Staples4.8%
- Materials4.6%
- Other sectors5.6%
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 .
All holdings
The fund publishes 401 holdings; the ten largest make up 17.9% of it.
Create a free account to see the full holdings list
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
Funds tracking the same index
3 funds track JPX-Nikkei Index 400, this one included and share classes counted once; their ongoing charges range from 0.18% to 0.19% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Index Solutions - JPX-Nikkei 400 UCITS ETFAccumulating · 0.18% a year | 0.18% | +23.4% | +98.2% | +151.3% |
| Invesco JPX-Nikkei 400 UCITS ETFAccumulating · 0.19% a year | 0.19% | +15.5% | +56.7% | +55.5% |
| Invesco JPX-Nikkei 400 UCITS ETF USD HedgedThis fundAccumulating · Currency hedged · 0.19% a year | 0.19% | +24.1% | +85.4% | +163.0% |
As of
JPX-Nikkei Index 400 funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 249 rolling 12-month returns since January 2021, and of 145 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, 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.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 13/11/2026 (149 weeks).
Pro
Pro — currently by invitation
Pro includes 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 N4US?
The ongoing charge of N4US 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 Invesco JPX-Nikkei 400 UCITS ETF USD Hedged 0.19% a year. Compared on 14/11/2026, 60 of the 108 other Japan and Asia Pacific share funds charge more, 3 the same and 45 less (share classes counted once).
What does N4US track?
N4US tracks the JPX-Nikkei Index 400.
Is N4US accumulating or distributing?
N4US 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 N4US?
The ISIN of N4US is IE00BVGC6751. An ISIN identifies one exact share class of a fund; N4US is its ticker on the London Stock Exchange.
What does N4US hold?
As of 12/11/2026, N4US holds 401 positions, according to its published holdings. The largest is Recruit at 2.34% of the fund; the ten largest make up 17.9%. Its ten largest holdings are Recruit (2.34%), Itochu (1.92%), Sony Group (1.92%), Tokio Marine (1.82%), Toyota Motor (1.70%), Mitsubishi (1.68%), Mitsui (1.67%), Hitachi (1.64%), Mitsubishi UFJ Financial Group (1.61%) and Mizuho Financial Group (1.55%).
What were N4US’s returns in each of the last five years?
Calendar-year returns of N4US in pounds (price, with income reinvested in the fund): 2022 +10.9%, 2023 +28.6%, 2024 +27.3%, 2025 +20.3%; 2026 to 13/11/2026 +22.6%. Past performance is not a guide to future returns.
How has N4US done after inflation?
Over the five years to 13/11/2026 N4US’s total return was +163.0%, or +105.3% after UK CPIH inflation. Past performance is not a guide to future returns.
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- XMJPXtrackers MSCI JAPAN UCITS ETF Capitalisation 1C0.12% a year · £5.0bn
- LCJPAmundi Core MSCI Japan UCITS ETF Acc0.12% a year · £4.3bn
- 0DZWUBS Core MSCI Japan UCITS ETF-JPY acc- Capitalisation0.12% a year · £3.7bn
- IJPNiShares MSCI Japan UCITS ETF USD (Dist)0.12% a year · £3.6bn
- CPJ1iShares Core MSCI Pacific ex Japan UCITS ETF0.20% a year · £3.2bn
- VJPNVanguard FTSE Japan UCITS ETF0.10% a year · £2.3bn
- PRIJAmundi Index Solutions - Prime Japan0.08% a year · £2.3bn
Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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