Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
789.9 mln EUR
Domicile
Ireland
Inception date
29 March 2022
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
Japan Research Enhanced Index Equity Active UCITS ETF is an actively managed ETF: it does not track an index — the declared index (NDDUJN) is a comparison yardstick only. The declared annual cost (TER) is 0.25%, plus 0.12% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 790 million euro, was launched on 29 March 2022 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 MSCI Japan Index (Total Return Net) (the "Benchmark") by actively investing primarily in a portfolio of Japanese companies.
Keep reading the KID section ▾
Investment Policy:The 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 equity securities of companies (including smaller capitalisation companies) that are domiciled in, or carrying out the main part of their economic activity in, Japan. The Sub-Fund systematically includes ESG analysis in its investment decisions on at least 90% of securities purchased. Pursuant to the SubFund's ESG analysis, at least 51% of the Sub-Fund's Net Asset Value is invested in companies 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 20% 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 will seek to outperform the Benchmark over the long-term. The Benchmark consists of large and mid-cap stocks issued by issuers in Japan ("Benchmark Securities"). The Benchmark is a point of reference against which the performance of the Sub-Fund may be measured. The Sub-Fund will bear a close resemblance to its 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 equity securities
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) · USD · from Mar 2022 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+74.4%
Annualised
+13.4%
Volatility (ann.)
21.4%
Max drawdown
-22.29%
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
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.
Max drawdown
-22.29%
peak → trough
Trough
21 Oct 2022
from the 30 Mar 2022 peak
Recovery time
227 days
recovery only: trough to break-even · ≈ 7 months
Underwater
432 days
decline + recovery: peak to break-even · ≈ 1 year and 2 months · → recovered on 05 Jun 2023
The five worst falls in the period
From the peak of
Trough
Depth
Back to break-even
Days underwater
30 Mar 2022
21 Oct 2022
-22.29%
05 Jun 2023
432
27 Sept 2024
07 Apr 2025
-19.22%
23 May 2025
238
17 Jul 2024
05 Aug 2024
-16.46%
03 Sept 2024
48
12 Feb 2026
23 Mar 2026
-13.40%
03 Jun 2026
111
14 Jun 2023
26 Oct 2023
-10.35%
15 Dec 2023
184
Calendar-year returns
2022
-11.1%
2023
20.6%
2024
8.5%
2025
22.9%
2026
21.9%
Month-by-month returns
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Year
2026
6.2
9.0
-12.2
9.0
5.0
-0.2
0.5
3.2
1.3
21.9
2025
1.3
-1.4
-0.0
5.0
4.3
1.6
-1.4
6.5
2.3
3.3
-0.8
0.6
22.9
2024
4.6
3.2
2.5
-4.3
1.1
-0.9
6.2
0.5
-0.7
-4.0
1.1
-0.5
8.5
2023
6.4
-3.9
4.1
0.6
1.7
3.7
2.7
-2.3
-2.3
-4.2
8.6
4.5
20.6
2022
-9.6
2.5
-8.0
5.9
-2.8
-10.3
3.2
9.4
0.4
-11.1
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 year
Last 3 years
Full history
Volatility (ann.)
20.60%
22.49%
21.08%
Max drawdown
-11.33%
-19.92%
-19.92%
Sharpe
1.30
0.64
0.51
Sortino
1.97
0.92
0.73
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. 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 — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.
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.
This page covers ISIN IE00BP2NF958 (share class JPM - USD (acc)). The other classes belong to the same fund but may differ in currency, income policy or currency hedging.
Share classes declared by the issuer in official product lists (same fund = same issuer and same declared name). A dash “—” = not declared — not a zero.
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.
+ 13 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 Japan Research Enhanced Index Equity Active UCITS ETF track?
The issuer JPMorgan declares the benchmark: NDDUJN.
How much does JREJ cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.12%.
How is JREJ 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 JREJ?
The fund size declared by JPMorgan is about 790 million euro.
When was JREJ launched?
The fund was launched on 29 March 2022: it has 4 years of history.
Is JREJ actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index. The declared benchmark (NDDUJN) is a yardstick for comparison, not an index being tracked.
Does JREJ pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulation”).
Where does JREJ trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (JREJ), Börse Düsseldorf (JREJ), Börse Frankfurt (JREJ), Börse Hamburg (JREJ), Börse Hannover (JREJ), Börse München / gettex (JREJ).
What was JREJ's worst fall?
Over the available history (since 2022), the maximum drawdown was -22.29%, reached in October 2022. Past performance is not indicative of future results.
How many securities does JREJ hold?
The declared portfolio holds 117 securities (plus 1 cash & derivative lines); the top 10 positions weigh 32.9%.
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.