Emerging Markets Local Currency Bond Active UCITS ETF EUR HedgedIndex, costs, backtest, listings and taxation

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

ObjectiveThe objective of the Sub-Fund is to achieve a long-term return in excess of J.P. Morgan GBI-EM Global Diversified (Total Return Gross) ("the Benchmark") by actively investing primarily in emerging market local currency debt securities, using financial derivative instruments to gain exposure to underlying assets, where appropriate. Share Class Benchmark J.P. Morgan GBI-EM Global Diversified (Total Return Gross)

Keep reading the KID section ▾

Investment PolicyThe Sub-Fund pursues an actively-managed investment strategy. The Sub-Fund aims to invest at least 67% of its assets (excluding assets held for ancillary liquidity purposes), in debt securities issued or guaranteed by emerging market governments or their agencies and by companies that are domiciled, or carrying out the main part of their economic activity, in an emerging market country, either directly or through the use of financial derivative instruments ("FDI"). Investments may be denominated in any currency however at least 67% will be denominated in an emerging market currency, and currency exposure in the Sub-Fund will be actively managed. The Sub-Fund systematically includes ESG analysis in its investment decisions on at least 75% of non-investment grade and emerging market sovereign securities and 90% of investment grade securities purchased. Pursuant to the Investment Manager's ESG analysis, at least 51% of the Sub-Fund's Net Asset Value is invested in issuers with positive environmental and/or social characteristics (i.e. issuers which are aligned with the environmental and/or social characteristics that the Sub-Fund promotes) that follow good governance practices, as measured through the Investment Manager's proprietary ESG scoring methodology and/or third party data. As an SFDR Article 8 fund, the Sub-Fund goes beyond ESG Integration and promotes environmental and/or social characteristics. The Sub-Fund also invests at least 10% of its Net Asset Value in Sustainable Investments, as defined under SFDR, contributing to environmental or social objectives. The Investment Manager evaluates and applies values and norms based screening to implement exclusions on certain industries and issuers based on specific ESG criteria and/or minimum standards of business practice based on international norms. To support this screening, the Investment Manager relies on third party provider(s) who identify an issuer's participation in or the revenue which they derive from activities that are inconsistent with the values and norms based screens. The list of screens applied that may result in exclusions can be found on the Website (www. jpmorganassetmanagement.ie). The Sub-Fund is actively managed and will seek to outperform the Benchmark over the long-term. The Benchmark consists of local currency denominated government bonds in global emerging markets ("Benchmark Securities"). The Benchmark has been included as a point of reference against which the performance of the Sub-Fund may be measured. The Sub-Fund will resemble the composition and risk characteristics of its Benchmark; however, the Investment Manager's discretion may result in performance that differs from the Benchmark. The Sub-Fund will not seek to track the performance of or replicate the Benchmark, rather the Sub-Fund will hold a portfolio of debt securities (which may include but will not be limited to the Benchmark Securities) which are actively selected and managed with the aim of delivering an investment performance which exceeds that of the Benchmark over the long-term. The Sub-Fund will invest primarily in debt securities, including bonds and notes, issued or guaranteed by emerging market governments or their agencies and by companies that are domiciled, or carrying out the main part of their economic activity, in an emerging market country. The Sub-Fund may also invest in debt securities from developed markets. The Sub-Fund will invest primarily in securities listed or traded on Recognised Markets globally. The Sub-Fund may invest in onshore debt securities issued within the PRC through the China-Hong Kong Bond Connect ("Bond Connect") and/or the China Interbank Bond Market (the "CIBM"). The Sub-Fund may also invest directly in Indian debt securities as a foreign portfolio investor ("FPI"). The Sub-Fund may, for efficient portfolio management and investment purposes, use financial derivative instruments. The Investment Manager also integrates financially material environmental, social and governance ("ESG") issues as part of the Sub-Fund's investment process ("ESG Integration"). ESG Integration is the systematic inclusion of ESG issues in investment analysis and investment decisions with the goals of managing risk and improving long-term returns. ESG Integration by itself focuses on financial materiality and is therefore only part of a broader investment process. It is only one of the factors alongside other factors that the Investment Manager considers in portfolio construction, including buying and selling securities USD is the base currency of the Sub-Fund. The Sub-Fund will publicly disclose its complete holdings on a daily basis. Details of the Sub-Fund's holdings and full disclosure policy may be found on www.jpmorganassetmanagement.lu. This Share Class seeks to minimise the effect of currency fluctuations between the Reference Currency of the Sub-Fund (USD) and the Reference Currency of this Share Class (EUR).

Redemption and DealingShares of the Sub-Fund are traded on one or more stock exchanges. Certain market makers and brokers may subscribe and redeem Shares directly with JPMorgan ETFs (Ireland) ICAV, and are referred to as "Authorised Participants". Other investors who are not Authorised Participants can purchase and sell Shares daily on a recognised stock exchange or over-the-counter.

Distribution PolicyThis Share Class does not pay dividends. Earned income is retained in the Net Asset Value. SFDR Classification Article 8

Intended retail investorThis product is intended for investors who plan to stay invested for at least 5 years. All data is sourced by J.P. Morgan Asset Management and is correct as at the date of this commentary unless otherwise stated. Q The Sub-Fund is intended for long-term investment. Investors should understand the risks involved, including the risk of losing all capital invested and must evaluate the Sub-Fund's objective and risks in terms of whether they are consistent with their own investment goals and risk tolerances. The Sub-Fund is not intended as a complete investment plan. Q Typical investors in the Sub-Fund are expected to be those who seek exposure to the market covered by the Benchmark and take market exposure to emerging market local currency debt securities. Investors may also be seeking investments with positive environmental and/or social characteristics that follow good governance practices and an overlay of ESG integration and values and norms-based screening of its investment universe. Term This product does not have a fixed maturity date and may be liquidated in certain circumstances, as further detailed in the Prospectus. Practical information Depositary The fund depositary is Brown Brothers Harriman Trustee Services (Ireland) Limited. Legal Information JPMorgan Asset Management (Europe) S.à r.l. may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus. The Sub-Fund is sub-fund of JPMorgan ETFs (Ireland) ICAV, an Irish collective asset-management vehicle with segregated liability between sub-funds. JPMorgan ETFs (Ireland) ICAV consists of separate subfunds, each of which issues one or more Share Classes. This document is prepared for a specific Share Class. The Prospectus and annual and semi- annual financial reports are prepared for JPMorgan ETFs (Ireland) ICAV. Switching Switching of Shares from one Sub-Fund into Shares in another Sub-Fund is not permitted. Switching of Shares from one Share Class into another Share Class within the same Sub-Fund is also not permitted to investors trading on stock exchanges but may be available to the Authorised Participants. Further information can be found in the Prospectus.

Countries

ETFs declaring the same index