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Emerging","page_number":3,"box":{"x":66,"y":549,"width":391,"height":9}},{"id":"4441499d-4ed6-4f41-97ac-a086894fc1b3","block_type":"box","text":"market and below investment grade debt securities may also be","page_number":3,"box":{"x":66,"y":560,"width":381,"height":8}},{"id":"c9501a40-d1c9-434d-944b-7b118de0776b","block_type":"box","text":"subject to higher volatility and lower liquidity than non","page_number":3,"box":{"x":65,"y":570,"width":314,"height":9}},{"id":"f7fed019-1487-4c96-92c0-219edf3698a1","block_type":"box","text":"-","page_number":3,"box":{"x":381,"y":574,"width":4,"height":1}},{"id":"3869dc70-63a4-49f5-9781-9ebc93b9e4cf","block_type":"box","text":"emerging","page_number":3,"box":{"x":387,"y":570,"width":55,"height":9}},{"id":"6a9ec798-b00b-4370-b92d-cb694fb79847","block_type":"box","text":"market and investment grade debt securities respectively.","page_number":3,"box":{"x":66,"y":581,"width":345,"height":9}},{"id":"f10549dd-30de-400e-9ace-627c246adf31","block_type":"box","text":"Sustainability risk may materially negatively impact the financial","page_number":3,"box":{"x":66,"y":591,"width":376,"height":9}},{"id":"bc67a6c4-9717-438c-aca6-7b7600008b5b","block_type":"box","text":"condition or operating performance of an issuer and therefore the","page_number":3,"box":{"x":65,"y":602,"width":390,"height":9}},{"id":"bb2bd6c2-9ce9-4fa2-92ea-cfa0fb7ca90d","block_type":"box","text":"value of that investment. In addition, it may increase the Sub","page_number":3,"box":{"x":65,"y":612,"width":355,"height":9}},{"id":"877689ee-ee4c-4d67-8d06-df82108af7de","block_type":"box","text":"-","page_number":3,"box":{"x":421,"y":616,"width":5,"height":1}},{"id":"1858ce8d-54a3-4e55-8e72-dd89b3b34d31","block_type":"box","text":"Fund's","page_number":3,"box":{"x":427,"y":612,"width":39,"height":7}},{"id":"6c52640a-5857-4ad5-84f3-c640e0039f36","block_type":"box","text":"volatility and/or magnify pre","page_number":3,"box":{"x":65,"y":623,"width":165,"height":9}},{"id":"1e9d77d3-c80d-4dde-95ed-68bd9349fd75","block_type":"box","text":"-","page_number":3,"box":{"x":232,"y":627,"width":4,"height":1}},{"id":"0b939887-427d-4837-9760-ce8d1d987a6a","block_type":"box","text":"existing risks to the Sub","page_number":3,"box":{"x":237,"y":623,"width":141,"height":9}},{"id":"f4b2e800-0ea1-4607-8b6a-2c13f5535f7c","block_type":"box","text":"-","page_number":3,"box":{"x":379,"y":627,"width":5,"height":1}},{"id":"c48299a2-1a31-47ad-857f-8e1ebf947804","block_type":"box","text":"Fund.","page_number":3,"box":{"x":386,"y":623,"width":31,"height":7}},{"id":"b751b460-a900-41bd-8a17-f55167ec0df2","block_type":"box","text":"The Sub","page_number":3,"box":{"x":65,"y":634,"width":46,"height":6}},{"id":"0d1c30c2-ff09-4dca-942a-f19d9767eaec","block_type":"box","text":"-","page_number":3,"box":{"x":112,"y":637,"width":4,"height":1}},{"id":"89f8394a-57ba-4dae-b71a-471eb029ae4c","block_type":"box","text":"Fund seeks to provide a return above the Benchmark;","page_number":3,"box":{"x":118,"y":634,"width":317,"height":8}},{"id":"2d82bf1a-7731-4515-a06c-64304ba429d9","block_type":"box","text":"however the Sub","page_number":3,"box":{"x":66,"y":644,"width":97,"height":7}},{"id":"6d905016-48cc-49ad-a5bf-9af9d55bd926","block_type":"box","text":"-","page_number":3,"box":{"x":164,"y":648,"width":5,"height":1}},{"id":"53bf960c-9e54-451b-96bc-d97ac07a8572","block_type":"box","text":"Fund may underperform the Benchmark.","page_number":3,"box":{"x":171,"y":644,"width":240,"height":9}},{"id":"b4d8cff1-38bd-4482-aa74-e3d7b66dd39d","block_type":"box","text":"Further information about risks can be found in the \"Risk Information\"","page_number":3,"box":{"x":66,"y":655,"width":409,"height":7}},{"id":"bdea393c-e0ed-4876-af1d-e13605b63d4a","block_type":"box","text":"section of the Prospectus.","page_number":3,"box":{"x":65,"y":665,"width":156,"height":9}},{"id":"65700430-ddaa-4f31-98d7-f04bf28c23b4","block_type":"box","text":"General Disclosures","page_number":3,"box":{"x":63,"y":692,"width":127,"height":7}},{"id":"8768c2d4-99d5-4d12-8ec0-7464d6e13548","block_type":"box","text":"This material should not be considered as advice or an investment","page_number":3,"box":{"x":505,"y":82,"width":405,"height":6}},{"id":"72ac1b1e-3620-4e60-b8a4-8d057913b92c","block_type":"box","text":"recommendation. Fund holdings and performance are likely to have","page_number":3,"box":{"x":506,"y":92,"width":412,"height":9}},{"id":"5ca6ec24-f824-4d64-ac50-ef82afc97c34","block_type":"box","text":"changed since the report date.","page_number":3,"box":{"x":506,"y":103,"width":186,"height":8}},{"id":"91ef531c-9672-4fa1-9ea1-4e6f4cf3689e","block_type":"box","text":"To the extent permitted by applicable law, we may record telephone","page_number":3,"box":{"x":505,"y":113,"width":401,"height":9}},{"id":"87a3c093-c3f2-4593-9dcf-837d2632f53b","block_type":"box","text":"calls and monitor electronic communications to comply with our","page_number":3,"box":{"x":506,"y":124,"width":392,"height":8}},{"id":"4e111c67-9c67-4a2c-8fe8-e5f31f381cba","block_type":"box","text":"legal and regulatory obligations and internal policies. Personal data","page_number":3,"box":{"x":506,"y":134,"width":405,"height":9}},{"id":"247d69d0-15d8-4588-8989-143c13ec0042","block_type":"box","text":"will be collected, stored and processed by J.P. Morgan Asset","page_number":3,"box":{"x":505,"y":145,"width":358,"height":9}},{"id":"d27ecb11-fd6d-4057-8360-bac44913fb8a","block_type":"box","text":"Management in accordance with our EMEA Privacy","page_number":3,"box":{"x":506,"y":155,"width":305,"height":9}},{"id":"e903de8b-8754-4b09-b914-fac045fb3c64","block_type":"box","text":"Policy","page_number":3,"box":{"x":506,"y":166,"width":33,"height":9}},{"id":"66787261-51e4-4d4a-bdab-76eb442b2652","block_type":"box","text":"www.jpmorgan.com/emea","page_number":3,"box":{"x":543,"y":166,"width":159,"height":9}},{"id":"113bbb59-5c72-45b8-94b2-937bfa90210e","block_type":"box","text":"-","page_number":3,"box":{"x":703,"y":170,"width":4,"height":1}},{"id":"69c80532-850f-4b71-972e-557b5f03f19c","block_type":"box","text":"privacy","page_number":3,"box":{"x":709,"y":166,"width":41,"height":9}},{"id":"246323fe-926c-4819-b70f-b16abe1e13e7","block_type":"box","text":"-","page_number":3,"box":{"x":751,"y":170,"width":4,"height":1}},{"id":"10750943-3aad-4046-b9ce-cec976c70979","block_type":"box","text":"policy","page_number":3,"box":{"x":757,"y":166,"width":33,"height":9}},{"id":"3072f133-2ea5-4d96-84d6-a9db803142d1","block_type":"box","text":".","page_number":3,"box":{"x":791,"y":172,"width":2,"height":1}},{"id":"37d60020-7c8d-406f-8e53-0b12cec5fcba","block_type":"box","text":"The risk indicator is based on the historic volatility of the Net Asset","page_number":3,"box":{"x":505,"y":179,"width":402,"height":8}},{"id":"4f61c5c3-15b1-49ac-9c5b-98b23ec114c1","block_type":"box","text":"Value of the Share Class over the last five years and may not be a","page_number":3,"box":{"x":505,"y":189,"width":394,"height":9}},{"id":"646b9402-5c68-40bc-b03f-90cc491130a4","block_type":"box","text":"reliable indication of the future risk profile of the Share Class. The risk","page_number":3,"box":{"x":506,"y":200,"width":422,"height":8}},{"id":"420c2467-19a3-4ce5-a68c-92378b89761b","block_type":"box","text":"and reward category shown above is not guaranteed to remain","page_number":3,"box":{"x":506,"y":210,"width":378,"height":9}},{"id":"4ea20fec-a878-49b2-b5a7-7e6998fb5670","block_type":"box","text":"unchanged and may change over time. A Share Class with the lowest","page_number":3,"box":{"x":506,"y":221,"width":420,"height":9}},{"id":"bf7559ed-d322-4dac-b3d4-0f78b8b644a5","block_type":"box","text":"risk rating does not mean a risk","page_number":3,"box":{"x":506,"y":231,"width":192,"height":9}},{"id":"3195557c-180b-4684-9736-d666949883db","block_type":"box","text":"-","page_number":3,"box":{"x":699,"y":235,"width":3,"height":1}},{"id":"fc06b71b-b015-49df-973c-caeccda129bc","block_type":"box","text":"free investment. See the Key","page_number":3,"box":{"x":704,"y":231,"width":173,"height":9}},{"id":"83ad38e3-3c2e-4680-b468-829ffa901cb2","block_type":"box","text":"Investor Information Document (KIID) for details.","page_number":3,"box":{"x":506,"y":242,"width":291,"height":9}},{"id":"226b92e2-d4f9-417e-8a2c-97384d645d43","block_type":"box","text":"The possible difference between the current ongoing charge as","page_number":3,"box":{"x":505,"y":255,"width":388,"height":8}},{"id":"e880ee75-f48f-4a81-9fea-1725665418aa","block_type":"box","text":"stated in this document and those mentioned in the KIID, is caused","page_number":3,"box":{"x":506,"y":265,"width":412,"height":8}},{"id":"d0034079-1eec-414a-8cbe-068d6d6aa420","block_type":"box","text":"by the fact that the costs mentioned in the KIID are an estimate","page_number":3,"box":{"x":506,"y":276,"width":385,"height":8}},{"id":"0e2e64db-9738-4f04-987e-5bd295d723f3","block_type":"box","text":"based on the actual costs incurred over the past year.","page_number":3,"box":{"x":506,"y":286,"width":327,"height":9}},{"id":"30f2b81b-cdbe-4f46-9ef8-72bd2d9312a6","block_type":"box","text":"Source: J.P. Morgan Asset Management. Share class performance is","page_number":3,"box":{"x":506,"y":320,"width":412,"height":9}},{"id":"4db0787c-2b5b-4799-af1d-c10ac07f3b98","block_type":"box","text":"shown based on the NAV (net asset value) of the share class with","page_number":3,"box":{"x":506,"y":331,"width":398,"height":8}},{"id":"a81960cc-2606-4582-ba53-8d4ade2051e2","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":341,"width":369,"height":9}},{"id":"d3882516-931d-4d3c-a839-b6506f2f0af9","block_type":"box","text":"excluding any entry and exit fees. Performance is shown based on","page_number":3,"box":{"x":506,"y":352,"width":401,"height":9}},{"id":"1ca76518-a6b4-452d-9e7d-addc40901daa","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":362,"width":405,"height":9}},{"id":"dd8198b2-1c68-4acc-bcaa-8e4f27002f4a","block_type":"box","text":"Individual shareholders may realise returns that are different to the","page_number":3,"box":{"x":506,"y":373,"width":408,"height":9}},{"id":"927ddc43-51fd-4482-a092-d901c0f963d4","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":383,"width":115,"height":7}},{"id":"f379e159-8ba6-4738-97e9-543669f2d1ab","block_type":"box","text":"The return of your investment may change as a result of currency","page_number":3,"box":{"x":505,"y":396,"width":402,"height":9}},{"id":"6c558592-4c10-4a34-a102-8029197b7f75","block_type":"box","text":"fluctuations if your investment is made in a currency other than that","page_number":3,"box":{"x":505,"y":407,"width":421,"height":8}},{"id":"3eb0f9e4-b714-4ac3-8dc2-905c12f2dd41","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":417,"width":255,"height":9}},{"id":"c34b9833-62c9-4246-af84-bb320741eab6","block_type":"box","text":"Indices do not include fees or operating expenses and you cannot","page_number":3,"box":{"x":506,"y":430,"width":403,"height":9}},{"id":"f5f40251-0527-4a20-afd5-18975ecbaa4c","block_type":"box","text":"invest in them.Investors should note that the benchmark data","page_number":3,"box":{"x":506,"y":440,"width":381,"height":7}},{"id":"eec731fa-f57e-4f00-9a6e-879bbc40cac0","block_type":"box","text":"presented is expressed in the fund's base currency, which may be","page_number":3,"box":{"x":506,"y":451,"width":403,"height":9}},{"id":"725fb450-5c7a-447e-a0e1-c13c419f68f5","block_type":"box","text":"different from the currency in which the share class performance","page_number":3,"box":{"x":506,"y":462,"width":400,"height":8}},{"id":"3496bd66-138f-407c-b91c-5a8b1944f1f3","block_type":"box","text":"data is presented. Investors should exercise caution when","page_number":3,"box":{"x":506,"y":472,"width":355,"height":9}},{"id":"62935455-d732-4886-8762-1fada0a113c6","block_type":"box","text":"comparing the benchmark data with share class performance data","page_number":3,"box":{"x":506,"y":483,"width":408,"height":8}},{"id":"7f80d1a4-0821-473f-822d-a76358803609","block_type":"box","text":"that are in different currencies, as currency fluctuations can","page_number":3,"box":{"x":505,"y":493,"width":373,"height":9}},{"id":"d5b4dd69-8c01-493f-a931-37e03ac51177","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":504,"width":316,"height":8}},{"id":"678d85ce-ff5e-4e40-941c-ab69503b6af8","block_type":"box","text":"The benchmark is for comparative purposes only unless specifically","page_number":3,"box":{"x":505,"y":516,"width":414,"height":9}},{"id":"936f5b89-cce7-4d8e-993d-2ed3fb1647e5","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":527,"width":132,"height":7}},{"id":"0212be15-0186-4a94-8119-db0d3621090a","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":531,"width":4,"height":1}},{"id":"4a871ff0-702a-4e56-97be-b9b977ca0580","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":527,"width":240,"height":9}},{"id":"cb5cd45b-18a3-4fdb-99b9-3ffaca200887","block_type":"box","text":"Dividend income shown is gross of any applicable tax.","page_number":3,"box":{"x":506,"y":540,"width":324,"height":8}},{"id":"149c47e0-9719-407f-bc64-664c8c7720a6","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":566,"width":395,"height":9}},{"id":"1be3d72f-68e0-49a6-b318-b561e88f7cf7","block_type":"box","text":"data, is provided by J.P. 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