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JPMorgan Funds - Aggregate Bond Fund
Share class: C (acc) USD ISIN: LU0210071295 For other available share classes, please check the prospectus.
MARKETING COMMUNICATION FUND STORY | 2026
FOR PROFESSIONAL CLIENTS/QUALIFIED INVESTORS ONLY – NOT FOR RETAIL USE OR DISTRIBUTION
Give your bond allocation a research boost Leverage deep global bond market expertise to invest actively across the broad fixed income universe in search of attractive returns, capital preservation, and diversification, with an emphasis on robust risk controls.
Expertise
• Managed by a highly experienced global aggregate investment team led by Myles Bradshaw, supported by over 300 investors, including 70 dedicated research analysts, with an average 20+ years’ experience. • The team’s breadth and depth of expertise is a key advantage, enabling comprehensive coverage and research across all fixed income sectors and geographies.
Consistency is the hallmark of our investment approach 3- year rolling annualised returns: fund versus benchmark
-4 -2 0 2 4 6 8 -4
-2
0
2
4
6
8
Global Aggregate Bond return (%)
Benchmark return (%) Past performance is not a reliable indicator of current and future results . Source: J.P. Morgan Asset Management. Fund inception date: 16 November 1988. Benchmark: Bloomberg Global Aggregate Index (Total Return Gross). Returns for periods greater than one-year are annualised. Excess returns are geometric. Gross fund returns are calculated from net returns by applying the fund total expense ratio (TER) which includes operating & administrative expenses (O&A). The O&A fees are accrued at the maximum rate, according to what is stated in the fund prospectus. Where the O&A fees incurred are actually lower than the accrual, this would lead to a minor overstatement of gross returns. Net returns are not impacted.
Portfolio
• Highly diversified portfolio across sectors, regions, and credit qualities, including government, government-related, corporate and securitised bonds, as well as emerging markets and high yield. • Dynamic allocation – including sector rotation, duration management, currency overlay, and active risk management – as well as stress testing and scenario analysis, help reduce concentration risk and smooth returns through changing market conditions.
Results
• By combining top-down macro views with bottom-up security selection, the strategy dynamically allocates across sectors and regions, seeking to outperform the Bloomberg Global Aggregate Index while managing downside risks and volatility. • Proven process and long track record in producing attractive returns over the medium and long term, in both rising and falling market environments, outperforming the Bloomberg Global Aggregate Index in 96% of the periods on a three-year rolling basis since inception.
Every investment decision is informed by rigorous analysis Our asset allocation process is built on a globally integrated, research-driven process that combines top-down macroeconomic analysis with bottom up security selection, all anchored by our FQT (fundamental, quantitative, technical) approach. What sets the us apart is the scale and depth of J.P. Morgan’s global fixed income platform, backed by a disciplined process, and the dynamic, conviction-driven allocation enabled by our heatmap framework.
The heatmap ranks every sector and market by conviction and expected risk-adjusted return, allowing us to allocate risk dynamically to the highest conviction ideas while maintaining diversification. As a result, we are able to employ macro insights, sector expertise and real time risk management to identify and capture opportunities across market cycles and deliver consistent, risk-adjusted outperformance for investors.
Page 2
FOR PROFESSIONAL CLIENTS/QUALIFIED INVESTORS ONLY – NOT FOR RETAIL USE OR DISTRIBUTION
Fund Story | 2026 | JPMorgan Funds - Aggregate Bond Fund Page 2 of 3
Weekly heatmap helps identify the best relative value ideas
++ High Medium Low +
Non agency securitised
Long UST vs swap US duration Eurozone duration Canada duration UK duration Australia duration
AUD JPY EUR NZD SEK EM FX EGB sovereign spreads Euro curve steepeners UK curve steepeners EM CEEMEA LATAM local rates
0 Covered bonds
GBP Convertible bonds Euro AT1 Euro sub debt EMBIG CEMBI US/Euro IG non-financials (beta adj.) US/Euro IG financials US/Euro high yield Asia local rates US agency mortgages
- Eurozone duration
CHF CAD Japan duration China duration
– USD
Source: J.P. Morgan Asset Management. Opinions, estimates, forecasts, projections and statements of financial market trends are based on market conditions at the date of the publication, constitute our judgment and are subject to change without notice. There can be no guarantee they will be met. EM: Emerging markets; CLO: Collateralised loan obligation; IG: Investment grade; MBS: Mortgage-backed securities. Provided for information only to illustrate investment process, not to be construed as offer, research or investment advice.
Top-down strategy setting Macro strategy, scenario probabilities and key investment themes are set by senior portfolio managers and sector specialists from across the global platform, leveraging the collective expertise of J.P. Morgan’s 300+ fixed income investment professionals worldwide so that investment ideas reflect both global and local market dynamics.
Bottom-up security selection Within each sector, our dedicated team of fundamental and quantitative analysts conducts in-depth research to identify the most attractive securities. This research is fully integrated into the portfolio construction process, ensuring that security selection complements our top-down views and that every position is supported by robust analysis.
Risk management and implementation Our portfolios benefit from strict tracking error budgets, position sizing based on conviction and liquidity, and daily monitoring of portfolio risk metrics. Our trading desk leverages J.P. Morgan’s global scale and relationships to access liquidity and minimise implementation costs, even in less transparent or less liquid markets.
Portfolio management team Myles Bradshaw Lead Portfolio Manager • 30 years of industry experience, 7 years at J.P. Morgan
Iain Stealey Portfolio Manager • 24 years of industry experience, all at J.P. Morgan
Seamus Mac Gorain Portfolio Manager • 25 years of industry experience, 16 years at J.P. Morgan
Andreas Michalitsianos Portfolio Manager • 24 years of industry experience, all at J.P. Morgan
Nicholas Wall Portfolio Manager • 20 years of industry experience, 6 years at J.P. Morgan Source: J.P. Morgan Asset Management, as at 31.03.2026.
Page 3
Fund Story | 2026 | JPMorgan Funds - Aggregate Bond Fund Page 3 of 3
This is a marketing communication and as such the views contained herein do not form part of an offer, nor are they to be taken as advice or a recommendation, to buy or sell any investment or interest thereto. Reliance upon information in this material is at the sole discretion of the reader. Any research in this document has been obtained and may have been acted upon by J.P. Morgan Asset Management for its own purpose. The results of such research are being made available as additional information and do not necessarily reflect the views of J.P. Morgan Asset Management. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are, unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They may not necessarily be all inclusive and may be subject to change without reference or notification to you. The value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Changes in exchange rates may have an adverse effect on the value, price or income of the products or underlying overseas investments. Past performance and yield are not a reliable indicator of current and future results. There is no guarantee that any forecast made will come to pass. Furthermore, there can be no assurance that the investment objectives of the investment products will be met. J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy www.jpmorgan.com/emea-privacy-policy . As the product may not be authorised or its offering may be restricted in your jurisdiction, it is the responsibility of every reader to satisfy himself as to the full observance of the laws and regulations of the relevant jurisdiction. Prior to any application investors are advised to take all necessary legal, regulatory and tax advice on the consequences of an investment in the products. Shares or other interests may not be offered to, or purchased, directly or indirectly by US persons. All transactions should be based on the latest available Prospectus, the Key Information Document (KID) and any applicable local offering document. These documents together with the annual report, semi-annual report, the articles of incorporation and sustainability-related disclosures for the Luxembourg domiciled products are available in English upon request from JPMorgan Asset Management (Europe) S.à r.l., 6 route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, your financial adviser, your J.P. Morgan Asset Management regional contact or at https://am.jpmorgan.com . A summary of investor rights is available in English at https://am.jpmorgan.com/lu/investor-rights . J.P. Morgan Asset Management may decide to terminate the arrangements made for the marketing of its collective investment undertakings. In Switzerland, JPMorgan Asset Management Switzerland LLC (JPMAMS), Dreikönigstrasse 37, 8002 Zurich, acts as Swiss representative of the funds and J.P. Morgan (Suisse) SA, Rue du Rhône 35, 1204 Geneva, as paying agent. With respect to its distribution activities in and from Switzerland, JPMAMS receives remuneration which is paid out of the management fee as defined in the respective fund documentation. Further information regarding this remuneration, including its calculation method, may be obtained upon written request from JPMAMS. This communication is issued in Europe (excluding UK) by JPMorgan Asset Management (Europe) S.à r.l., 6 route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, R.C.S. Luxembourg B27900, corporate capital EUR 10.000.000. This communication is issued in the UK by JPMorgan Asset Management (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. Registered in England No. 01161446. Registered address: 25 Bank Street, Canary Wharf, London E14 5JP. For UK only: Sustainability-related terms in this communication follow J.P Morgan Asset Management’s methodologies and application of the EU Sustainable Finance Disclosure Regulation, not the UK Sustainability Disclosure Requirements and investment labels regime. The product is authorised overseas, but not in the UK. The UK Financial Ombudsman Service is unlikely to be able to consider any related complaints and any claims for losses are unlikely to be covered under the UK compensation scheme. LV–JPM57868 | 06/26 | e373214a-451c-11f1-8747-43132f1b781f
FOR PROFESSIONAL CLIENTS/QUALIFIED INVESTORS ONLY - NOT FOR RETAIL USE OR DISTRIBUTION
Key risks The Sub-Fund is subject to Investment risks and Other associated risks from the techniques and securities it uses to seek to achieve its objective. The table on the right explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Sub-Fund. Investors should also read Risk Descriptions in the Prospectus for a full description of each risk.
Summary Risk Indicator
1 2 3 4 5 6 7
Lower Risk Higher Risk
The risk indicator assumes you keep the product for 5 years. The risk of the product may be significantly higher if held for less than the recommended holding period. In the UK, please refer to the synthetic risk and reward indicator in the latest available key investor information document.
Investment risks Risks from the Sub-Fund’s techniques and securities Techniques Derivatives Hedging
Securities – China – Contingent convertible bonds – Debt securities - Government debt - Investment grade debt
- Below investment grade debt - Unrated debt – Emerging markets – MBS/ABS
▼ Other associated risks Further risks the Sub-Fund is exposed to from its use of the techniques and securities above Credit Liquidity Market Currency Interest rate ▼ Outcomes to the Shareholder Potential impact of the risks above Loss Shareholders could lose some or all of their money.
Volatility Shares of the Sub-Fund will fluctuate in value.
Failure to meet the Sub-Fund’s objective
Benchmark uses and resemblance – Performance comparison. – Basis for relative VaR calculations. The Sub-Fund is actively managed. The majority of issuers in the SubFund are likely to be represented in the benchmark because the Investment Manager uses it as a basis for portfolio construction, but has some discretion to deviate from its composition and risk characteristics within indicative risk parameters. The Sub-Fund will resemble the composition and risk characteristics of its benchmark; however, the Investment Manager’s discretion may result in performance that differs from the benchmark.
Investment objective To achieve a return in excess of global bond markets by investing primarily in global investment grade debt securities, using derivatives where appropriate.
Interactive factsheet and performance data
Scan or click on the QR code to view the latest performance data.
Calendar year performance (%)
2021 2022 2023 2024 2025 Global Aggregate Bond Fund -3.59 -15.19 4.72 -1.39 7.98 Bloomberg Global Aggregate Index (Total Return Gross) -4.71 -16.25 5.72 -1.69 8.17 Excess return (geometric) 1.17 1.27 -0.94 0.30 -0.18 Past performance is not a guide to current and future performance . Source: J.P. Morgan Asset Management. Share class performance is shown based on the NAV (net asset value) of the share class with income (gross) reinvested including actual ongoing charges excluding any entry and exit fees. The return of your investment may change as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation.
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