JPM USD Ultra-Short Income ETF USD Acc USD is a bonds ETF from JPMorgan tracking the Ultra-Short Income index through physical replication. Domiciled in Ireland and launched in 2019, the fund manages about 758 M € and charges a TER of 0.18% — 18 € per year on a €10,000 investment. Income is automatically reinvested in the fund (accumulating).
JPM USD Ultra-Short Income ETF USD Acc USD competes with 4 other products on the same index (Ultra-Short Income): it ranks 2nd by fund size and 2nd by ongoing cost, with a TER of 0.18% against a group median of 0.18%. It has been listed since 2019, 7 years of track record.
On a €10,000 investment the TER costs 18 € a year. The cheapest of the group is JPM EUR Ultra-Short Income UCITS ETF – EUR (acc) EUR at 0.08%, or 8 € on the same amount: a difference of 10 € every year, roughly 100 € over ten years before compounding.
Replication is physical: the fund holds the underlying securities directly. The ten largest positions account for 21.8% of the portfolio.
Income is accumulated: no distribution is paid out, the share price absorbs it. In a savings plan this removes the need to reinvest dividends by hand. The fund is denominated in USD. That is not the same as currency risk: the exposure comes from the currencies of the underlying holdings, not from the denomination or the trading currency of a given listing.
The fund is domiciled in Ireland, which determines the tax treatment of income received by the fund and the supervisory authority.
| JPM USD Liquidity LVNAV X (dist.) | 8.7% |
| United States Treasury Notes 2.875% | 5.0% |
| United States Treasury Notes 0.125% | 1.5% |
| Bpce Sa 0.4858% | 1.3% |
| Mitsubishi UFJ Financial Group, Inc. 2.623% | 1.0% |
| Canadian Imperial Bank of Commerce 2.606% | 0.9% |
| Protective Life Global Funding 0.327% | 0.9% |
| Macquarie Bank Limited 0.6254% | 0.9% |
| National Bank of Canada 0.3186% | 0.8% |
| Massmutual Global Funding II 0.2507% | 0.8% |
| Borsa Italiana | JPSA | EUR |
| XETRA | JPPA | EUR |
| London Stock Exchange | JPSA | USD |
| London Stock Exchange | JPAS | GBP |
| SIX Swiss Exchange | JPSA | USD |
Source: the fund's KID and the issuer's official documentation — data verified as of July 2026.
This page is informational and is not an investment recommendation. Figures may contain errors or be out of date: always check the KID and the issuer's factsheet before any decision.