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Fund holdings and performance are likely to have","page_number":3,"box":{"x":506,"y":92,"width":412,"height":9}},{"id":"93623e27-34d1-40ea-a0d9-8fba567bba9d","block_type":"box","text":"changed since the report date.","page_number":3,"box":{"x":506,"y":103,"width":186,"height":8}},{"id":"e72ce429-8881-42ec-b78e-6f09bff06330","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":"e1edb528-3401-49e5-b73e-a3962c16f20b","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":"9d363069-4823-463f-a236-aaf02a15242b","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":"e66d7363-7567-43b2-8fc4-88d8d720c995","block_type":"box","text":"will be collected, stored and processed by J.P. 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The risk","page_number":3,"box":{"x":506,"y":200,"width":422,"height":8}},{"id":"4ae67fbb-df8a-41ee-9ba0-8600a35e37c1","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":"5afad318-fd3b-41f0-8c03-236796b1f6e7","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":"67531e99-ce79-481e-ae71-592aa5cd1a91","block_type":"box","text":"risk rating does not mean a risk","page_number":3,"box":{"x":506,"y":231,"width":192,"height":9}},{"id":"17e4b17d-7730-454d-8304-11644f7d9925","block_type":"box","text":"-","page_number":3,"box":{"x":699,"y":235,"width":3,"height":1}},{"id":"5fe16274-01cc-41a6-802c-e20b6df1668f","block_type":"box","text":"free investment. See the Key","page_number":3,"box":{"x":704,"y":231,"width":173,"height":9}},{"id":"c9e5f6d6-bf35-46c1-8a0b-7c5444db9bd0","block_type":"box","text":"Investor Information Document (KIID) for details.","page_number":3,"box":{"x":506,"y":242,"width":291,"height":9}},{"id":"dfef1eda-4801-4110-bca5-2c93f3910d09","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":"a9596511-1d7b-4711-9a78-1413abc4aefb","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":"0c365ffd-8510-4b8f-a628-d2a28e482b94","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":"c59f7e09-5dd7-4be5-b9ce-a0289a41d075","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":"e1e7a43a-a238-4f87-83ca-536d7bc95e52","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":"e411f5fc-770b-49ba-a1c1-02cb28cb9878","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":"4b86d6b9-bc78-4a45-a5aa-d65331dc4a5b","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":341,"width":369,"height":9}},{"id":"4abbcec4-16c4-4ddb-8d9c-4a538e99f0a7","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":"23aaa097-d830-4921-97cb-b75d0f6d2e21","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":"d74893d0-17ef-42f1-bf9b-089f3e1a042f","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":"33047f23-fe17-4af5-873f-67c97b10d4b0","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":383,"width":115,"height":7}},{"id":"126773b2-8342-4326-bc6b-1efc59e5b8f1","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":"a5ed94e0-1a6d-4831-bfb8-237af3949622","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":"7ee14ccc-8959-44d8-b308-a1a372d8272f","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":417,"width":255,"height":9}},{"id":"3ea6f1a8-d89b-41c0-bdf1-44c682a260ca","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":"bbc4ff63-7488-484b-b9dc-0b9a43031db8","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":"0da58c26-cfee-4118-a220-9d0bc6848574","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":"8ae1fbc7-d6dd-481a-a512-126bd8112eb6","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":"60360530-5afc-4fd8-8aa1-91f78d1f6593","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":"edf1de6d-0ca5-47fd-bbb9-56cdb683fce5","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":"23aff6f7-3be1-42ff-86bf-47034de2543a","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":"dcd33f0d-2781-483a-84c4-04623db789dd","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":504,"width":316,"height":8}},{"id":"4f9ebedf-be49-47a4-9195-c9b54a627eed","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":"afa0a2d9-f84e-47e3-b0fa-dd6c71412796","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":527,"width":132,"height":7}},{"id":"3afb9ce4-6535-4372-9ed0-f6d8d0c3df3f","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":531,"width":4,"height":1}},{"id":"39838b6b-160c-42ae-83f1-3dd078fd4f3a","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":527,"width":240,"height":9}},{"id":"37c3ac25-5de0-4b4d-aeee-f6fe6c5f9b9e","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":553,"width":395,"height":9}},{"id":"667dd3c5-5317-45fd-afd8-8914213c11cd","block_type":"box","text":"data, is provided by J.P. Morgan Asset Management (the marketing","page_number":3,"box":{"x":506,"y":564,"width":400,"height":9}},{"id":"1b5e09cf-ca5c-4ccf-b798-201a15141a3f","block_type":"box","text":"name for the asset management businesses of JPMorgan Chase &","page_number":3,"box":{"x":506,"y":574,"width":411,"height":9}},{"id":"38541bde-7b1a-4801-8f5e-58df69eaa20a","block_type":"box","text":"Co. and its affiliates worldwide).","page_number":3,"box":{"x":506,"y":585,"width":186,"height":9}},{"id":"b03f104d-4f27-4b30-a5e2-22acebc8edc4","block_type":"box","text":"All data is as at the document date unless indicated otherwise.","page_number":3,"box":{"x":505,"y":596,"width":395,"height":6}},{"id":"e5436846-2d42-4b57-851d-8eb79715e623","block_type":"box","text":"©","page_number":3,"box":{"x":506,"y":606,"width":9,"height":7}},{"id":"0e80f659-e5a1-4b42-aa7e-3f75866dd37e","block_type":"box","text":"2026 Morningstar. All Rights Reserved. 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