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Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison
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EUR 1-5 yr IG Corporate Bond Active UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE00BF59RW70Ticker: JR15 (Borsa Italiana) · JER5 (Xetra) · JR15 (London SE) · JR15 (SIX)Issuer: JPMorganClass: JPM - EUR (acc)
Issuer-declared data
Declared index
LEC4TREU
TER
0.04%
Transaction costs
0.11% (issuer estimate, from the KID)
Management
Active management (from the KID)
Replication
Gestione attiva (dal KID)
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
132.7 mln EUR
Domicile
Ireland
Inception date
6 December 2018
Data as declared by JPMorgan in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

EUR 1-5 yr IG Corporate Bond Active UCITS ETF is an actively managed ETF: it does not track an index — the declared index (LEC4TREU) is a comparison yardstick only. The declared annual cost (TER) is 0.04%, plus 0.11% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 133 million euro, was launched on 6 December 2018 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

Investment Objective: The Sub-Fund aims to achieve a long-term return in excess of Bloomberg Euro Corporate 1-5 Year Index (the "Benchmark") by actively investing primarily in a portfolio of short term investment grade Euro denominated corporate debt securities.

Keep reading the KID section ▾

Investment Policy:The investment strategy. Sub-Fund pursues an actively-managed The Sub-Fund aims to invest at least 67% of its assets (excluding assets held for ancillary liquidity purposes) in short term investment grade Euro denominated corporate debt securities. Issuers of these securities may be located in any country, including emerging markets. The Sub-Fund systematically includes environmental, social and governance ("ESG") analysis in its investment decisions on at least 90% of securities purchased. Pursuant to the Sub-Fund'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 that follow good governance practices, as measured through the Investment Manager's proprietary ESG scoring methodology and/or third party data. The Sub-Fund promotes environmental and/or social characteristics. The Sub-Fund 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 Investment Manager will seek to outperform the Benchmark over the long-term. The Benchmark consists of investment grade, fixed rate debt securities with a maturity greater than 1 year and less than 5 years at the monthly rebalance of the portfolio issued by issuers globally ("Benchmark Securities"). The Benchmark has been included as a point of reference against which the performance of the Sub-Fund may be measured. The majority of issuers in the Sub-Fund are likely to be represented in the Benchmark because the Investment Manager uses it as a basis for portfolio construction, but the Investment Manager has some discretion to deviate from its composition and risk characteristics within indicative risk parameters such as duration. 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 fixed income securities (which may include but will not be limited to Benchmark Securities) which is 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 seeks to assess the impact of ESG factors on the cash flows or risk profiles of many issuers in which it may invest, to identify issuers that it believes will be negatively impacted by such factors relative to other issuers. The Investment Manager focuses on key risk factors, including, accounting and tax policies, disclosure and investor communications, shareholder rights, remuneration and social and environmental factors, seeking to identify such negative outliers. The Sub-Fund may, for efficient portfolio management purposes, use financial derivative instruments. EUR is the base currency of the Sub-Fund.

Redemption and Dealing:Shares 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. Benchmark: Bloomberg Euro Corporate 1-5 Year Index.

Distribution Policy:This Share Class will not pay dividends. For an explanation of some of the terms used in this document, please visit the glossary on our website at www.jpmorganassetmanagement.ie.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.04%: below the median of bond ETFs we track (0.15%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in Italian, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · EUR · from Dec 2018 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+9.4%
Annualised
+1.2%
Volatility (ann.)
2.2%
Max drawdown
-10.30%
-10%-4%+2%+8%+13%Dec 2018Nov 2020Oct 2022Sept 2024Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+9%Dec 2018Sept 2026
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%20182020202220242026−10.30% · 20 Oct 2022
Max drawdown
-10.30%
peak → trough
Trough
20 Oct 2022
from the 05 Aug 2021 peak
Recovery time
697 days
recovery only: trough to break-even · ≈ 1 year and 11 months
Underwater
1,138 days
decline + recovery: peak to break-even · ≈ 3 years and 1 month · → recovered on 16 Sept 2024

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
05 Aug 202120 Oct 2022-10.30%16 Sept 20241,138
20 Aug 201924 Mar 2020-5.35%09 Nov 2020447
23 Feb 202627 Mar 2026-1.92%24 Jun 2026121
11 Dec 202414 Jan 2025-0.89%31 Jan 202551
02 Jul 202623 Jul 2026-0.78%ongoing63

Calendar-year returns

2018
0.1%
2019
2.4%
2020
0.8%
2021
-0.3%
2022
-8.0%
2023
6.4%
2024
4.5%
2025
3.5%
2026
0.4%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.60.3-1.70.70.70.4-0.50.0-0.10.4
20250.40.5-0.30.70.40.30.40.10.30.5-0.10.13.5
20240.2-0.50.8-0.40.30.61.20.41.0-0.11.0-0.14.5
20231.4-0.90.70.50.2-0.61.10.3-0.30.51.51.86.4
2022-0.6-1.3-0.8-1.4-0.5-2.12.6-2.7-2.1-0.01.5-0.7-8.0
2021-0.0-0.20.20.1-0.10.10.5-0.2-0.2-0.50.10.0-0.3
20200.4-0.3-4.22.20.30.70.80.20.10.40.4-0.00.8
20190.50.40.60.4-0.20.70.50.2-0.5-0.1-0.20.12.4
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: JPMorgan. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)1.82%1.81%2.40%2.14%
Max drawdown-1.92%-1.92%-10.03%-10.30%
Sharpe-0.490.40-0.58-0.21
Sortino-0.730.59-0.81-0.29
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR, the fund's currency; the table follows the currency selected in the chart.

Duration and maturities

Duration · average duration
2.77years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Source: factsheet JPMorgan, data as of 30 June 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
AA
1.35%
A
28.31%
BBB
65.60%
< BBB
2.91%
Cash and derivatives
1.83%

Source: factsheet JPMorgan, data as of 30 June 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Securities in portfolio
179
180 total lines: 1 cash & derivatives
Top-10 weight
16.8%

Top 10 holdings

WELLS FARGO V/R 07/23/29/EUR/ · WFC
2.25%
GOLDMAN SACH V/R 02/17/29/EUR/ · GS
2.09%
UBS GROUP AG V/R 02/13/31/EUR/ · UBS
1.87%
SOCIETE GENE V/R 05/14/30/EUR/ · SOCGEN
1.66%
UNICREDIT SP V/R 09/22/31/EUR/ · UCGIM
1.52%
CENCORA I 2.875% 05/22/28/EUR/ · COR
1.51%
AMCOR UK FI 3.2% 11/17/29/EUR/ · AMCR
1.51%
DEUTSCHE BAN V/R 06/16/29/EUR/ · DB
1.51%
BANKINTER SA V/R 05/03/30/EUR/ · BKTSM
1.48%
WPC EUROBO 1.35% 04/15/28/EUR/ · WPC
1.42%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 2.1%Austria: 0.8%AzerbaijanBurundiBelgium: 1%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerland: 2.4%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 8.8%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 8.6%EstoniaEthiopiaFinlandFijiFalkland IslandsFrance: 7.2%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 2%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 4.6%IranIraqIcelandIsraelItaly: 6.4%JamaicaJordanJapan: 1.7%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 6.5%LatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 7%Norway: 0.6%NepalNew Zealand: 0.8%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 0.4%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 0.3%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 19.7%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States19.7%
United Kingdom15.1%
Germany8.8%
Spain8.6%
France7.2%
Netherlands7%
Luxembourg6.5%
Download the full portfolio — Excel, 180 rows
Full portfolio declared by JPMorgan, as of 1 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00BF59RW70JR15(class: EUR (acc))
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)JR1513 Dec 2018
Börse DüsseldorfJER527 Feb 2020
Börse FrankfurtJER513 Dec 2018
Börse HamburgJER515 Feb 2019
Börse HannoverJER59 Dec 2024
Börse München / gettexJER520 Feb 2019
Börse StuttgartJER513 Feb 2019
Tradegate ExchangeJER520 Jan 2021
Xetra (Deutsche Börse)JER513 Dec 2018
+ 19 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does EUR 1-5 yr IG Corporate Bond Active UCITS ETF track?
The issuer JPMorgan declares the benchmark: LEC4TREU.
How much does JR15 cost?
The issuer-declared TER is 0.04% per year; the transaction costs estimated in the KID are 0.11%.
How is JR15 taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of JR15?
The fund size declared by JPMorgan is about 133 million euro.
When was JR15 launched?
The fund was launched on 6 December 2018: it has 7 years of history.
Is JR15 actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index. The declared benchmark (LEC4TREU) is a yardstick for comparison, not an index being tracked.
Does JR15 pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulation”).
Where does JR15 trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (JR15), Börse Düsseldorf (JER5), Börse Frankfurt (JER5), Börse Hamburg (JER5), Börse Hannover (JER5), Börse München / gettex (JER5).
What was JR15's worst fall?
Over the available history (since 2018), the maximum drawdown was -10.30%, reached in October 2022. Past performance is not indicative of future results.
How many securities does JR15 hold?
The declared portfolio holds 179 securities (plus 1 cash & derivative lines); the top 10 positions weigh 16.8%.
Transparency note
The data in this sheet is declared by JPMorgan in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.