J.P. Morgan Asset Management Lists New Active US Equity ETF on London Stock Exchange

GBP‑hedged share class targets S&P 500 outperformance with strict ESG screens

The fund aims to deliver long‑term returns above the S&P 500 Total Return Net Index while integrating a rigorous environmental, social and governance (ESG) process.

Key Fund Details

• Ticker: JUHG

• ISIN: IE0003FI3HY1

• Listing Date: 28 January 2026

• Exchange: London Stock Exchange (XLON)

• Total Expense Ratio (TER): 0.20%

• Estimated Transaction Costs: 0.06% per year

• Share Class: GBP‑hedged, distributing (annual dividends)

• Base Currency: USD

• SFDR Classification: Article 8 (promotes environmental/social characteristics)

Investment Objective and Policy

The sub‑fund seeks “to achieve a long‑term return in excess of Standard & Poor’s (S&P) 500 Index (Total Return Net) by actively investing primarily in a portfolio of US companies”. It is an actively managed strategy that does not track or replicate the benchmark; instead, the portfolio is constructed through stock selection with the aim of outperforming the S&P 500 over the long term.

At least 67% of assets (excluding ancillary liquidity holdings) must be invested in equity securities of companies domiciled in or conducting the main part of their economic activity in the United States.

ESG Integration and Exclusions

The fund incorporates a multi‑layer ESG approach:

1. Positive ESG selection: At least 51% of assets are invested in companies with positive environmental and/or social characteristics that follow good governance practices, as measured by JPMorgan’s proprietary ESG scoring methodology and/or third‑party data.

2. Sustainable‑investment allocation: At least 20% of net asset value is allocated to “Sustainable Investments” as defined under the Sustainable Finance Disclosure Regulation (SFDR), contributing to environmental or social objectives.

3. Values‑based screening: The investment manager applies exclusions on certain industries and issuers based on specific ESG criteria and international norms. Third‑party providers help identify issuer involvement in activities inconsistent with these screens. The full list of exclusion screens is available on JPMorgan’s website.

4. Systematic ESG analysis: ESG factors are systematically evaluated for at least 90% of securities purchased

Ongoing charges: Management fees and other administrative/operating costs are estimated at 0.20% of the investment value per year.

Share‑Class Structure

The JUHG share class is denominated in British pounds and hedged against USD/GBP currency fluctuations. The fund’s base currency is USD, but the share class aims to minimise the effect of exchange‑rate movements between the two currencies. Dividends are paid annually.

Target Investor and Risk Profile

It is designed for those seeking broad exposure to the US stock market with a focus on ESG‑integrated active management and the potential for excess returns relative to the S&P 500. As with all equity investments, the fund carries market risk, currency risk (despite hedging), and the risk that the active strategy may not outperform the benchmark.

JPMorgan’s new active US equity ETF offers investors a route to US large‑cap exposure with an explicit focus on ESG integration and a goal of benchmark outperformance. The GBP‑hedged distributing share class (JUHG) provides a currency‑managed option for UK‑based investors. With a competitive TER of 0.20% and a clear Article 8 ESG mandate, the fund joins a growing segment of actively managed UCITS ETFs that seek to blend traditional index‑beating aims with sustainable‑investment criteria.