ETF taxation · White-list share

JPM US Hedged Equity Laddered Overlay Active UCITS ETFTax rate and white-list share

ISIN: IE000K4JG8P9Issuer: JPMorganClass: USD (dist)

Effective rate on capital gains

26.00%

how much tax you pay when you sell at a profit

The share of «white-list» government bonds 0.00% is taxed at 12.5%, the rest at 26% → 12.5% × share + 26% × (1 − share) = 26.00%

White-list share: 0.00%

Validity semester

01 Jul 2026 – 31 Dec 2026

Source

JPMorgan official tax document (Italian Law Decree 138/2011)

Share classes of this fund

The white-list share is a property of the fund: it is identical across all its share classes (accumulating, distributing, currency-hedged). You are viewing the highlighted class.

IE000K4JG8P9USD (dist)IE000VAZZYM3HELOUSD (acc) JPMorgan Asset Management (Europe) S.à r.l. – Société à responsabilité limitée – Adresse postale: L-2888 Luxembourg Téléphone (+352) 34 101 – Fax: (+352) 3410 8000 – www.jpmorgan.com – E-mail: fundinfo@jpmorgan.com Siège social European Bank & Business Center 6, route de Trèves L-2633 Senningerberg R.C. Luxembourg B27900 Capital social EUR 10.000.000 ISIN Divisa Percentuale Media Titoli Pubblici Italiani ed Esteri Data Ultimo Rendiconto Inizio Applicazione Fine Applicazione Descrizione ISIN

How it works

JPM US Hedged Equity Laddered Overlay Active UCITS ETF holds no «white-list» government bonds (0% share as reported by the issuer): the capital gain is taxed entirely at 26%. This is the norm for equity ETFs and corporate-bond ETFs — eligible government bonds are a different asset class.

In Italy, ETF capital gains are taxed at 26%. But the portion of the fund invested in Italian and «white-list» government bonds enjoys the reduced 12.5% rate. The effective rate is therefore a weighted average of the two, based on the share of government bonds the fund holds — a share each issuer certifies every semester as the average of the last two reports.

Worked example

Amounts are purely illustrative: the computation applies this fund's effective rate. The same share applies to capital gains and distributions.

You sell with a €1,000 capital gain

Tax:€260.00without the white-list share it would be €260.00

no benefit: the fund has no white-list share

You receive €100 in distributions

Net in your pocket:€74.00without the white-list share it would be €74.00

no benefit: the fund has no white-list share

Frequently asked questions

What is the tax rate for JPM US Hedged Equity Laddered Overlay Active UCITS ETF?

The effective rate on capital gains is 26.00%, computed from the 0.00% white-list share (12.5% on government bonds, 26% on the rest).

What is the white-list share?

It is the percentage of the fund invested in Italian and cooperating-country («white-list») government bonds. On that portion the capital gain is taxed at 12.5% instead of 26%. The issuer certifies it every semester.

When does the share count?

The share of the semester in which the SALE happens counts, not the purchase. The broker applies the withholding based on the issuer document valid in that semester.

Transparency noticeData extracted from the official JPMorgan tax document (Italian Law Decree 138/2011), 01 Jul 2026 – 31 Dec 2026 semester. Rebalix recomputes the rate for information purposes only: this is not tax advice and ignores stamp duty and personal variables. The share of the semester in which the SALE occurs applies. Before filing, consult your broker, accountant or tax-assistance centre.

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