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HOLA

GradeANew York Stock Exchange Arca

JPMorgan International Hedged Equity Laddered Overlay ETF

Option Income · J.P. Morgan · Inception 2019-03-15

$55.65−0.81 (−1.43%)

As of Sep 23, 2026, 2:00 PM EDT

History starts Jul 14, 2025.
Intraday session: down, 11 prints from 56.46 to 55.65. Range 55.53 to 55.83. Use the arrow keys to read each point.$55.50$55.60$55.70$55.8010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$284M
1Y return
+13.4%
Yield · Last 12 months
Data unavailable
Holdings
213
Volume · 30D
0M sh
NAV per share
$56.24
52W range
low $50.01high $60.26

The ETF.net HOLA Grade

A

71/ 100

Rank 4 of 25 in Index Option Income⁠

Confidence Medium

Six-pillar profile for HOLA. Scores out of 100: Cost 88, Risk 64, Mission not scored, Tradability 41, Holdings 74, Durability 85. Strongest: Cost (88). Weakest: Tradability (41). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 71 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 88
    Category rank4/25 · top 16%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 64
    Category rank5/23 · top 22%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 41
    Category rank16/25 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 74
    Category rank6/19 · top 32%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 85
    Category rank2/25 · top 8%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on HOLA

ETF.net Research

AHedged equity, taken overseas. Roughly 200 developed-market stocks with a laddered options overlay stacked on top, so the hedge rolls in tranches instead of hanging on a single reset date.

Stated mandate

The fund seeks capital appreciation from a diversified international equity portfolio while hedging overall market exposure. Its approach combines international-stock selection with a laddered options strategy intended to reduce downside risk.

Why people hold it

  1. 01Two jobs, one ticker: a diversified international stock portfolio plus a laddered options strategy built to trim downside, at 0.50%, right at the cohort median.am.jpmorgan.com
  2. 02Broad base under the hedge: roughly 200 developed-market names measured against the MSCI EAFE Index, not a concentrated sleeve of a few mega-caps.am.jpmorgan.com
  3. 03Running since 2019 under J.P. Morgan, with several hundred million in assets. Real operating history, not a strategy that launched last quarter.

Worth knowing

  1. 01The hedge cuts both ways. Option positions that cushion declines also limit how much of a strong overseas rally the fund keeps.am.jpmorgan.com
  2. 02Thinly traded. Spreads can run wider than a big index fund's, which puts more weight on limit orders and calmer parts of the session.
  3. 030.50% is the priciest of the cohort's stronger names: EFAA runs the same index for 0.42%, and HDEF sits at 0.09% without the options work.

HOLA Holdings

As of Sep 21, 2026, 6:54 PM
Asset class
Stocks
Holdings
213
Top-10 weight
17%
Largest holding
ASML.AS3.6%

Sectors

  • Financials27.0%
  • Industrials18.4%
  • Technology12.9%
  • Health Care9.6%
  • Consumer Discr.7.7%
  • Cons. Staples6.4%
  • Materials5.2%
  • Communication4.5%
  • Utilities3.9%
  • Energy3.5%
  • Real Estate0.9%

Geography

  • Japan25.13%
  • United Kingdom16.08%
  • France11.07%
  • Germany10.61%
  • Netherlands7.33%
  • Switzerland7.06%
  • Australia6.54%
  • Spain3.43%
  • Other countries (9)12.74%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 15.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ASML.ASASML HOLDING NV COMMON3.56%5,914$10M194
002AZN.LASTRAZENECA PLC COMMON1.69%28,389$5M164
003SIE.DESIEMENS AG COMMON STOCK1.67%15,444$5M152
004ALV.DEALLIANZ SE COMMON STOCK1.56%8,618$4M158
005HSBA.LHSBC HOLDINGS PLC COMMON1.50%206,487$4M145
006SAN.MCBANCO SANTANDER SA1.45%283,394$4M134
007ROP.SWROCHE HOLDING AG COMMON1.33%8,574$4M196
008SHEL.LSHELL PLC1.30%77,590$4M159
009NESN.SWNESTLE SA COMMON STOCK1.25%37,945$4M162
010SAF.PASAFRAN SA COMMON STOCK1.25%9,434$4M156
0118316.TSUMITOMO MITSUI1.21%78,100$3M135
012BHP.AXBHP GROUP LTD COMMON1.20%77,762$3M151
013UCG.MIUNICREDIT SPA COMMON1.14%34,419$3M154
0147203.TTOYOTA MOTOR CORP COMMON1.14%166,400$3M136
0156501.THITACHI LTD COMMON STOCK1.13%89,500$3M163

Showing 1–15 of 220 holdings

HOLA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

HOLA$11,335
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. HOLA $11,335. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for HOLA. Periods over one year show the average yearly return.
PeriodHOLA
Year to date+8.1%
1 month−0.8%
3 months+1.5%
1 year+13.4%
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HOLA
YearReturn barHOLA
2026 YTD+8.1%
2025+7.6%

History from Jul 14, 2025

HOLA in the news

ETF.net Research hasn’t filed on HOLA yet — coverage lands here as it’s written.

HOLA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$1.58 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 16, 2025 $1.58. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 16, 2025Dec 18, 2025$1.58

HOLA Risk

How much the fund’s monthly returns vary, scaled to a year.
6.7%
Annualised · 13 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.86
vs 3-month T-bills · 13 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−7.0%
14 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.32
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

HOLA Cost

Expense ratio0.50%
  • The middle half of Index Option Income funds
  • Median 0.81%

3 of the 25 Index Option Income funds charge less.

HOLA costs $50.00 a year on $10,000. The median Index Option Income fund costs $81.00.