JPMorgan USD IG Corporate Bond Active UCITS ETF
Fixed Income · US · USD Corporate Bonds
Figures refer to the share class ISIN IE00BF59RV63, currency USD, retail share class.
Key facts
- Management company
- JPMorgan Asset Management (Europe) S.à r.l.
- Asset class
- Fixed Income
- Geography
- US
- Strategy
- USD Corporate Bonds
- Share class currency
- USD
- Share class inception
- 05.12.2018
- Fund size
- 87 million (as at 14.09.2026)
- Management fee
- 0.19%
- Performance fee
- No
- Liquidity
- Not available in this publication
- UCITS
- Yes
- Risk grade (SRRI)
- Not available in this publication
- Registered in Switzerland
- Yes
Price history
Fund and benchmark rebased to 100 at 02.10.2023.
Table view
| Period | From | Fund (100 at start) | Benchmark (100 at start) |
|---|---|---|---|
| 1Y | 03.10.2025 | 97.5 | 97.5 |
| Since 2023 | 02.10.2023 | 116.7 | 118.8 |
Total return: distributions reinvested.
In USD, the currency of the share class shown.
The benchmark line is a tracker fund standing in for the index.
Fund history to 29.09.2026.
Benchmark history to 29.09.2026.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Performance against the benchmark
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN IE00BF59RV63, currency USD, retail share class | 0.45 | -0.97 | -1.87 | -0.19 | 7.79 | 2.09 | 8.64 | 2.20 | 5.02 | -0.14 | 6.39 | 0.09 | -3.01 |
| BenchmarkBloomberg US Corp Bond TR USD | 0.43 | -0.97 | -1.74 | -0.15 | 7.84 | 2.59 | 8.80 | 2.21 | 5.22 | 0.05 | 6.42 | 0.12 | -2.98 |
| Differencefund minus benchmark, in percentage points | 0.02 | 0.00 | -0.13 | -0.04 | -0.05 | -0.50 | -0.16 | -0.00 | -0.20 | -0.19 | – | – | – |
Within the list: OpenList — Active ETFs
Compared with the fixed income funds on OpenList — Active ETFs (11 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 2.20 | 1.77 | 5 of 11 |
| Return 3Y p.a. | 5.02 | 4.20 | 5 of 11 |
| 3Y p.a. over its own benchmark | -0.20 | -0.07 | 9 of 11 |
| Volatility 3Y | 6.39 | 3.49 | 10 of 11 |
| Sharpe ratio 3Y | 0.09 | 0.45 | 10 of 10 (1 without a value) |
| Max drawdown 3Y | -3.01 | -2.29 | 9 of 10 (1 without a value) |
| Management fee | 0.19% | 0.19% | 3 of 11 |
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.
Return against risk, 3 years
WSP report
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Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
– means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero.
Period figures as of 31.08.2026.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
WSP commentary
Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; key information document (PRIIPs), not yet reviewed by WSP.
Investment rationale
The fund is designed for investors seeking long-term exposure to the US investment grade corporate bond sector, with the aim of outperforming the Bloomberg US Corporate Bond Index through active management. It has a recommended holding period of 5 years and a Summary Risk Indicator of 3 out of 7, described as medium-low risk. Typical investors are those who want an asset allocation to US investment grade corporate securities and to benefit from yields generally higher than those offered by government securities. Its distinct role comes from combining an actively managed, benchmark-aware corporate bond portfolio with ESG promotion under Article 8, including values- and norms-based screening and minimum thresholds for issuers with positive ESG characteristics.
Investment strategy
The stated objective is to achieve a long-term return in excess of the Bloomberg US Corporate Bond Index by actively investing primarily in investment grade US dollar-denominated corporate debt securities. The sub-fund invests at least 67% of assets, excluding ancillary liquidity, in investment grade USD-denominated corporate debt securities; issuers may be located in any country, including emerging markets, although the majority of assets are invested in issuers domiciled in, or mainly active in, the US. It may invest up to 5% of NAV in contingent convertible bonds, may use financial derivative instruments for efficient portfolio management, and does not seek to replicate the benchmark, although it uses the benchmark as a basis for portfolio construction and keeps the portfolio broadly similar in composition and risk characteristics within indicative parameters such as duration. The base currency is USD, the share class is accumulating with no dividend distribution, and the average duration and average maturity shown were 6.61 years and 10.16 years respectively at 31 August 2026.
Investment philosophy
• The fund uses a research-driven investment process focused on fundamental, technical and valuation analysis across countries, sectors and issuers, within a universe centred on investment grade USD-denominated corporate debt securities.
• It follows an enhanced index approach, building the portfolio in reference to the Bloomberg US Corporate Bond Index by overweighting securities with the highest perceived outperformance potential and underweighting securities based on fundamental or relative value analysis.
• ESG is systematically included in investment decisions on at least 90% of securities purchased; at least 51% of NAV is invested in issuers with positive environmental and/or social characteristics and good governance practices, and at least 10% of NAV is invested in Sustainable Investments under SFDR.
• Values- and norms-based screening is applied to exclude certain industries and issuers based on ESG criteria and minimum standards of business practice; the fund may also invest up to 5% of NAV in contingent convertible bonds and use derivatives for efficient portfolio management.
• As of 31 August 2026, the portfolio held 403 positions, with 92.89% in corporate bonds and 5.96% in cash; the largest regional exposure was the United States at 77.5%, the largest sector was Financial Institutions at 37.8%, and top holdings included Southern Company 5.150% due 15.09.2032, HSBC 5.240% due 13.05.2031, and Bank of America issues due 13.02.2031 and 22.04.2032.
Management team
The named portfolio managers are Vikas Pathani, Andreas Michalitsianos, Sameer Iqbal and Qiwei Zhu. The documents list these individuals as the portfolio management team for the fund. The fund itself launched on 6 December 2018, and the share class launched on the same date.
The asset manager
The management company is JPMorgan Asset Management (Europe) S.à r.l., which is identified as a member of JPMorgan Chase & Co. and part of the asset management businesses marketed under the J.P. Morgan Asset Management name. Morgan Asset Management organisation. JPMorgan Asset Management (Europe) S.à r.l. is located at 6, route de Trèves, L-2633 Senningerberg, Luxembourg, with corporate capital of EUR 10,000,000. The sub-fund is authorised in Ireland and regulated by the Central Bank of Ireland.
Strengths
The fund combines active management with an enhanced index approach, so it is constructed relative to the Bloomberg US Corporate Bond Index while still seeking excess return through issuer, sector and relative value decisions. It is explicitly positioned in the US investment grade corporate bond market, with 403 holdings and broad exposure across financials, utilities, consumer non-cyclicals, energy and communications. Its ESG profile is a distinguishing feature: it is classified under SFDR Article 8, systematically integrates ESG analysis, applies values- and norms-based exclusions, and maintains minimum thresholds for issuers with positive ESG characteristics as well as a minimum allocation to Sustainable Investments. The ongoing charge shown is 0.04% as at the factsheet date, reflecting a temporary fee waiver, and the ETF is listed on multiple exchanges and trading currencies.
Risks
The Key Information Document classifies the fund at 3 out of 7 on the Summary Risk Indicator, assuming a 5-year holding period, and notes that risk may be significantly higher if held for less than that period. The documents state that the value of debt securities may change significantly with economic and interest-rate conditions and with the creditworthiness of issuers; issuers may fail to meet payment obligations or suffer rating downgrades. Although the portfolio is primarily investment grade, it includes a small allocation below BBB and may invest up to 5% of NAV in contingent convertible bonds, which can be adversely affected by trigger events including conversion into equity at a discounted price, write-downs, and coupon suspension or deferral. ESG screening can cause the fund to perform differently from similar funds without such exclusions, the fund may underperform its benchmark despite seeking returns above it, and returns can also change because of currency fluctuations for investors investing in a currency other than that used in the past-performance calculation.