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Emerging","page_number":3,"box":{"x":66,"y":233,"width":391,"height":8}},{"id":"8320fcc7-4f5a-4f88-a405-aa2255bcd849","block_type":"box","text":"market currencies may be subject to volatile price movements.","page_number":3,"box":{"x":66,"y":243,"width":373,"height":9}},{"id":"cb18fedd-7cb1-4a68-9cd7-ebfd707a81fe","block_type":"box","text":"Emerging market securities may also be subject to higher volatility","page_number":3,"box":{"x":66,"y":254,"width":394,"height":8}},{"id":"c446e8e0-4ac8-44f4-9326-3432a9cd27fb","block_type":"box","text":"and lower liquidity than developed market securities respectively.","page_number":3,"box":{"x":65,"y":264,"width":386,"height":9}},{"id":"138a6bed-6f7b-47f3-8153-bcc717e786c4","block_type":"box","text":"Since the instruments held by the Sub","page_number":3,"box":{"x":66,"y":275,"width":223,"height":8}},{"id":"f2f943e0-5621-48ce-a66f-71e3fa41e1dc","block_type":"box","text":"-","page_number":3,"box":{"x":290,"y":279,"width":4,"height":1}},{"id":"a7daa7b7-bd13-42a3-bd08-51ed73a4778c","block_type":"box","text":"Fund may be denominated in","page_number":3,"box":{"x":296,"y":275,"width":170,"height":8}},{"id":"5bd39087-a0c6-4cba-8236-776fda17c66c","block_type":"box","text":"currencies other than the Base Currency, the Sub","page_number":3,"box":{"x":65,"y":285,"width":292,"height":9}},{"id":"1513fd3f-b3d4-4b61-8905-09cd6b367f80","block_type":"box","text":"-","page_number":3,"box":{"x":359,"y":289,"width":4,"height":1}},{"id":"ce17a497-de20-42ab-96f3-98684dbfb86e","block_type":"box","text":"Fund may be","page_number":3,"box":{"x":365,"y":285,"width":75,"height":9}},{"id":"b7ec2e81-756a-4587-8b6c-8342be3f8da0","block_type":"box","text":"affected unfavourably by exchange control regulations or fluctuations","page_number":3,"box":{"x":65,"y":296,"width":412,"height":9}},{"id":"5ae7bb74-1afd-41e8-b2e8-74cef1265370","block_type":"box","text":"in currency rates. For this reason, changes in currency exchange","page_number":3,"box":{"x":66,"y":306,"width":383,"height":9}},{"id":"15751f6c-7d2d-4c7d-afe7-e3972914ee78","block_type":"box","text":"rates can affect the value of the Sub","page_number":3,"box":{"x":66,"y":317,"width":214,"height":7}},{"id":"01c5e607-0964-4f37-bcaf-f271c6418fa0","block_type":"box","text":"-","page_number":3,"box":{"x":281,"y":321,"width":4,"height":1}},{"id":"1e31c135-5164-40d7-8b2e-8402d27b7a89","block_type":"box","text":"Fund's portfolio and may impact","page_number":3,"box":{"x":287,"y":317,"width":190,"height":9}},{"id":"4879b5e9-431c-4253-939f-f4cd7d9ed1d1","block_type":"box","text":"the value of the Shares.","page_number":3,"box":{"x":65,"y":327,"width":138,"height":7}},{"id":"63cd779c-8b39-45ec-a90f-11971b115681","block_type":"box","text":"In respect of unhedged Share Classes in a currency other than the","page_number":3,"box":{"x":66,"y":338,"width":391,"height":9}},{"id":"a6ffde08-a125-46e6-b151-62bb24ca5e38","block_type":"box","text":"Base Currency of the Sub","page_number":3,"box":{"x":66,"y":349,"width":149,"height":8}},{"id":"66774b7b-89bd-4c48-9167-b7e2af02a9c0","block_type":"box","text":"-","page_number":3,"box":{"x":217,"y":352,"width":4,"height":1}},{"id":"3e440211-9694-47d2-9265-5d377dbc9c5a","block_type":"box","text":"Fund, the value of the Share Class will be","page_number":3,"box":{"x":223,"y":349,"width":240,"height":8}},{"id":"6fbc5bbc-ee4c-4970-baf6-d45c84aa359b","block_type":"box","text":"subject to exchange risk in relation to the Base Currency of the Sub","page_number":3,"box":{"x":65,"y":359,"width":398,"height":9}},{"id":"79707229-19a4-4b85-8988-58f8a2993ca5","block_type":"box","text":"Fund.","page_number":3,"box":{"x":66,"y":370,"width":31,"height":7}},{"id":"18736ed9-b628-4355-80f7-66035d578625","block_type":"box","text":"Sustainability risk may materially negatively impact the financial","page_number":3,"box":{"x":66,"y":380,"width":376,"height":9}},{"id":"d1cbb6fc-8aab-4669-a51e-6fb35efc937f","block_type":"box","text":"condition or operating performance of an issuer and therefore the","page_number":3,"box":{"x":65,"y":391,"width":390,"height":9}},{"id":"50a5c0e1-3043-4614-b4fd-026819b418e6","block_type":"box","text":"value of that investment. 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The risk","page_number":3,"box":{"x":506,"y":92,"width":422,"height":9}},{"id":"a79dae56-d577-42a1-90a6-5ed944c713e5","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":"000deea8-6041-430e-b9c6-182279f9b112","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":"92cc97a0-2a2b-4016-9bbf-7cc2c52e3f86","block_type":"box","text":"risk rating does not mean a risk","page_number":3,"box":{"x":506,"y":124,"width":192,"height":9}},{"id":"65a7f6b1-a6d3-415d-b9ff-58f5b4cdb79b","block_type":"box","text":"-","page_number":3,"box":{"x":699,"y":128,"width":3,"height":1}},{"id":"316ea846-192c-4733-9a20-7ca026492779","block_type":"box","text":"free investment. See the Key","page_number":3,"box":{"x":704,"y":124,"width":173,"height":8}},{"id":"8d86b87b-4e85-469e-bd77-66461b7ff145","block_type":"box","text":"Investor Information Document (KIID) for details.","page_number":3,"box":{"x":506,"y":134,"width":291,"height":9}},{"id":"22ba8264-122c-4da7-9fd0-8d13f2797175","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":"13dd1d17-d166-449f-86ad-f0fd166f0d49","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":"e3727785-24d8-4a7e-b9fe-fe21d45f90eb","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":"b780375e-c018-4d40-ac1d-99de3934be91","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":"7f7cb1a5-038a-4855-9427-4fc180bec53b","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":"d6f5b7e5-1e44-484e-afa3-1be6be66a304","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":"9b54acfa-b5d0-4c26-82b1-416ff73bcfee","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":234,"width":369,"height":8}},{"id":"5cf63935-6ff8-4658-aea2-84bcdf3feacc","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":"4c609c81-ae29-4975-8e39-91ce952601df","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":"2ec1e49c-431c-4c32-a97c-a2efcd89b9a4","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":"195f511b-f43f-4d85-864e-d91840d4f1a3","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":276,"width":115,"height":7}},{"id":"5550abcd-8a64-4b32-a429-aac23d2f7e0a","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":"5bf888e7-9e17-4e0c-967d-fd8bb7b0bb97","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":"593b2672-1370-4323-8a03-9306b7b60b1a","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":310,"width":255,"height":8}},{"id":"339006d5-8863-44c7-af29-066a285c240c","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":"b759a190-6f73-47d4-a73a-026fad933a02","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":"99aa1288-27d2-4de6-8c57-9b6d55ee9927","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":"ea788d5f-24b4-442e-8bba-07118685807f","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":"133c08e5-daca-4895-bd82-af8f87252066","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":"dfcc1f8b-5ffa-43c9-971e-ee0dc4f7a324","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":"3bcd9960-a606-45fa-9a22-410895ab787b","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":"23ecd176-3232-4e75-a9ef-b9612044949d","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":396,"width":316,"height":9}},{"id":"8cb75796-0848-4511-8926-f731c75d5306","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":"808087c1-aa51-480e-9cd1-da95752c082c","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":419,"width":132,"height":7}},{"id":"f2d6e28b-2e28-4ed4-bb61-1bf9fd58983c","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":423,"width":4,"height":1}},{"id":"baf7f2ff-1509-488d-9d72-eda07d4598dc","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":419,"width":240,"height":9}},{"id":"4281d3e1-176e-469d-93ba-970524a490b6","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":446,"width":395,"height":8}},{"id":"d0ce05f1-41ad-4e8d-bcff-380676be9e19","block_type":"box","text":"data, is provided by J.P. 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