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The risk","page_number":3,"box":{"x":506,"y":92,"width":422,"height":9}},{"id":"b84de3a3-98a8-4b74-ae90-01e46fbcd9df","block_type":"box","text":"and reward category shown above is not guaranteed to remain","page_number":3,"box":{"x":506,"y":103,"width":378,"height":8}},{"id":"8f098121-1991-49eb-a484-dd7cb5921eff","block_type":"box","text":"unchanged and may change over time. A Share Class with the lowest","page_number":3,"box":{"x":506,"y":113,"width":420,"height":9}},{"id":"d704cd8a-0681-463f-8d48-94e959f26956","block_type":"box","text":"risk rating does not mean a risk","page_number":3,"box":{"x":506,"y":124,"width":192,"height":9}},{"id":"34220dff-76f7-42c0-a525-cfc0c92873cb","block_type":"box","text":"-","page_number":3,"box":{"x":699,"y":128,"width":3,"height":1}},{"id":"7d4a3157-d92b-4d37-93c1-f484b53d563f","block_type":"box","text":"free investment. See the Key","page_number":3,"box":{"x":704,"y":124,"width":173,"height":8}},{"id":"809281b5-e4a2-43c0-a345-49ba5fbc15b8","block_type":"box","text":"Investor Information Document (KIID) for details.","page_number":3,"box":{"x":506,"y":134,"width":291,"height":9}},{"id":"6aa8416a-abaa-4297-96e8-33d63130dff1","block_type":"box","text":"The possible difference between the current ongoing charge as","page_number":3,"box":{"x":505,"y":147,"width":388,"height":9}},{"id":"9a22ea6f-861f-4e58-b897-dfbcb519485f","block_type":"box","text":"stated in this document and those mentioned in the KIID, is caused","page_number":3,"box":{"x":506,"y":158,"width":412,"height":7}},{"id":"dac72dca-9607-42a2-a928-aea8fafd4371","block_type":"box","text":"by the fact that the costs mentioned in the KIID are an estimate","page_number":3,"box":{"x":506,"y":168,"width":385,"height":9}},{"id":"ff837a08-9dcd-4899-88fd-6e995f6362fb","block_type":"box","text":"based on the actual costs incurred over the past year.","page_number":3,"box":{"x":506,"y":179,"width":327,"height":8}},{"id":"874d1f02-18b6-4450-bfb1-ce2a12dd2b1f","block_type":"box","text":"Source: J.P. Morgan Asset Management. Share class performance is","page_number":3,"box":{"x":506,"y":212,"width":412,"height":9}},{"id":"cb9cc542-a6c6-4520-a96c-60152b7de48c","block_type":"box","text":"shown based on the NAV (net asset value) of the share class with","page_number":3,"box":{"x":506,"y":223,"width":398,"height":9}},{"id":"f4b750c8-a974-4c2d-8277-c331bcb1f566","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":234,"width":369,"height":8}},{"id":"22543e62-bc4c-4bd7-955a-f03dcdac49ec","block_type":"box","text":"excluding any entry and exit fees. Performance is shown based on","page_number":3,"box":{"x":506,"y":244,"width":401,"height":9}},{"id":"2e9faa60-b190-4fc3-b47c-10bdf2a292f7","block_type":"box","text":"the NAV which may not be the same as the market price of the ETF.","page_number":3,"box":{"x":505,"y":255,"width":405,"height":8}},{"id":"7e9eac1d-5693-4b37-9ac6-d2707cc06be8","block_type":"box","text":"Individual shareholders may realise returns that are different to the","page_number":3,"box":{"x":506,"y":265,"width":408,"height":9}},{"id":"e773fc97-f499-41ed-b226-35f4c2447445","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":276,"width":115,"height":7}},{"id":"3cd86309-1735-4aa1-b6ac-b8faba24e00b","block_type":"box","text":"The return of your investment may change as a result of currency","page_number":3,"box":{"x":505,"y":288,"width":402,"height":9}},{"id":"7e2e615d-7647-433e-b500-9dc32ce4edec","block_type":"box","text":"fluctuations if your investment is made in a currency other than that","page_number":3,"box":{"x":505,"y":299,"width":421,"height":9}},{"id":"1d3839c5-2c9d-48ed-887e-5abeec855b19","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":310,"width":255,"height":8}},{"id":"1d5479ac-d80c-43e3-b610-50819ee06858","block_type":"box","text":"Indices do not include fees or operating expenses and you cannot","page_number":3,"box":{"x":506,"y":322,"width":403,"height":9}},{"id":"40b306c5-f829-48e2-bee6-285a1d75bf4e","block_type":"box","text":"invest in them.Investors should note that the benchmark data","page_number":3,"box":{"x":506,"y":333,"width":381,"height":7}},{"id":"39682db5-bbff-4843-81ad-33d93546cd5c","block_type":"box","text":"presented is expressed in the fund's base currency, which may be","page_number":3,"box":{"x":506,"y":343,"width":403,"height":9}},{"id":"6b2ae5bd-b4ff-42a1-8f2e-2b23477f4f12","block_type":"box","text":"different from the currency in which the share class performance","page_number":3,"box":{"x":506,"y":354,"width":400,"height":9}},{"id":"8973a6c5-0e14-448f-b595-6d017ea0363d","block_type":"box","text":"data is presented. Investors should exercise caution when","page_number":3,"box":{"x":506,"y":364,"width":355,"height":9}},{"id":"85482132-e00b-41b6-8ea8-84db809a91fe","block_type":"box","text":"comparing the benchmark data with share class performance data","page_number":3,"box":{"x":506,"y":375,"width":408,"height":9}},{"id":"f6d538dc-4056-4274-b0f4-0619c469be94","block_type":"box","text":"that are in different currencies, as currency fluctuations can","page_number":3,"box":{"x":505,"y":386,"width":373,"height":8}},{"id":"862f644b-e845-4247-84b7-7c27438909f1","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":396,"width":316,"height":9}},{"id":"139f8340-6a35-4d33-a9f7-d8ec94250518","block_type":"box","text":"The benchmark is for comparative purposes only unless specifically","page_number":3,"box":{"x":505,"y":409,"width":414,"height":8}},{"id":"ef364e1b-c9da-4ebe-beab-2e2333fde36d","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":419,"width":132,"height":7}},{"id":"f6e57d24-aeda-444a-aa51-06d218464ada","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":423,"width":4,"height":1}},{"id":"a72cbf41-b99f-4ff8-8db5-780ce4b7b936","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":419,"width":240,"height":9}},{"id":"d3674249-7a72-4adf-a1ab-d3b2c55fda46","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":446,"width":395,"height":8}},{"id":"2abf364b-7be2-451b-b191-f7fed80a9387","block_type":"box","text":"data, is provided by J.P. 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