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In addition, it may increase the Sub","page_number":3,"box":{"x":65,"y":412,"width":355,"height":9}},{"id":"9db5f275-c51a-4946-9996-ebb5763e9a2a","block_type":"box","text":"-","page_number":3,"box":{"x":421,"y":416,"width":5,"height":1}},{"id":"72a1d123-4421-4501-aae0-151e3d2c259f","block_type":"box","text":"Fund's","page_number":3,"box":{"x":427,"y":412,"width":39,"height":7}},{"id":"cf87fdad-935b-4a2d-bac7-b11f166b577c","block_type":"box","text":"volatility and/or magnify pre","page_number":3,"box":{"x":65,"y":423,"width":165,"height":8}},{"id":"ba8387f2-80d9-48c8-9122-4e104bb0cf7d","block_type":"box","text":"-","page_number":3,"box":{"x":232,"y":426,"width":4,"height":1}},{"id":"aa6d990a-e2f9-472e-86ee-85646173c935","block_type":"box","text":"existing risks to the Sub","page_number":3,"box":{"x":237,"y":422,"width":141,"height":9}},{"id":"1a0abc06-e38b-46df-8c86-6c46094c197b","block_type":"box","text":"-","page_number":3,"box":{"x":379,"y":426,"width":5,"height":1}},{"id":"a8826e8d-cb87-42ed-928f-f1e384c7538a","block_type":"box","text":"Fund.","page_number":3,"box":{"x":386,"y":423,"width":31,"height":6}},{"id":"643d3fb9-a4f4-4b5e-90b9-c1ae4ceefa58","block_type":"box","text":"The Sub","page_number":3,"box":{"x":65,"y":433,"width":46,"height":7}},{"id":"379900ef-9c71-4e68-963b-676f063102c4","block_type":"box","text":"-","page_number":3,"box":{"x":112,"y":437,"width":4,"height":1}},{"id":"9013cc84-d026-42a5-8290-ed9d535004f4","block_type":"box","text":"Fund seeks to provide a return above the Benchmark;","page_number":3,"box":{"x":118,"y":433,"width":317,"height":9}},{"id":"d6c24836-3424-4526-a69a-7c9b2217e34e","block_type":"box","text":"however the Sub","page_number":3,"box":{"x":66,"y":444,"width":97,"height":6}},{"id":"5ce1dca1-6f9b-4fca-a640-938b72336aab","block_type":"box","text":"-","page_number":3,"box":{"x":164,"y":447,"width":5,"height":1}},{"id":"d03a21d0-425a-4b5b-b14e-d895d1790350","block_type":"box","text":"Fund may underperform the Benchmark.","page_number":3,"box":{"x":171,"y":444,"width":240,"height":8}},{"id":"bc215032-9cb2-4168-865e-8fc80f17dfb7","block_type":"box","text":"Further information about risks can be found in the \"Risk Information\"","page_number":3,"box":{"x":66,"y":454,"width":409,"height":7}},{"id":"9e5626bc-eb22-4bfe-98f6-62b6916335f1","block_type":"box","text":"section of the Prospectus.","page_number":3,"box":{"x":65,"y":465,"width":156,"height":8}},{"id":"9b82cade-e936-4b48-8d90-3f31346532a4","block_type":"box","text":"General Disclosures","page_number":3,"box":{"x":63,"y":491,"width":127,"height":7}},{"id":"73793a60-bc62-4c2a-a172-0943ca468f52","block_type":"box","text":"The risk indicator is based on the historic volatility of the Net Asset","page_number":3,"box":{"x":505,"y":83,"width":402,"height":8}},{"id":"2c56e45c-ad4f-49f9-86f6-5d5321d9ef18","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":93,"width":394,"height":9}},{"id":"3f1b0a0d-3a97-4668-ad04-88fcb28a2acf","block_type":"box","text":"reliable indication of the future risk profile of the Share Class. 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See the Key","page_number":3,"box":{"x":704,"y":135,"width":173,"height":9}},{"id":"f53d9599-0cb1-4533-9113-e7671334f075","block_type":"box","text":"Investor Information Document (KIID) for details.","page_number":3,"box":{"x":506,"y":146,"width":291,"height":9}},{"id":"41e2facd-e8c7-4c6f-8b58-b543e452856f","block_type":"box","text":"The possible difference between the current ongoing charge as","page_number":3,"box":{"x":505,"y":159,"width":388,"height":8}},{"id":"f34d7e6f-c073-48da-9277-5547b4f9a6fe","block_type":"box","text":"stated in this document and those mentioned in the KIID, is caused","page_number":3,"box":{"x":506,"y":169,"width":412,"height":8}},{"id":"01cd5bff-738e-4208-9056-8aafffba65d1","block_type":"box","text":"by the fact that the costs mentioned in the KIID are an estimate","page_number":3,"box":{"x":506,"y":180,"width":385,"height":8}},{"id":"ec8d46fd-1e32-48f0-87d4-9afc069f76a6","block_type":"box","text":"based on the actual costs incurred over the past year.","page_number":3,"box":{"x":506,"y":190,"width":327,"height":9}},{"id":"d98556f3-7de6-48c9-8bb6-47ae1faaa6fb","block_type":"box","text":"Source: J.P. Morgan Asset Management. Share class performance is","page_number":3,"box":{"x":506,"y":224,"width":412,"height":9}},{"id":"8680060e-6d35-45eb-8dc0-279849619b79","block_type":"box","text":"shown based on the NAV (net asset value) of the share class with","page_number":3,"box":{"x":506,"y":235,"width":398,"height":8}},{"id":"575574ec-d51c-491f-9c6d-5475f5630af5","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":245,"width":369,"height":9}},{"id":"4fe622c5-023f-4fd5-9654-5e421f5450a2","block_type":"box","text":"excluding any entry and exit fees. Performance is shown based on","page_number":3,"box":{"x":506,"y":256,"width":401,"height":8}},{"id":"d71ecb46-9479-43f4-81f6-0f8573c81d83","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":266,"width":405,"height":9}},{"id":"464acd23-c6ab-4278-9a8d-0fdd52f6129b","block_type":"box","text":"Individual shareholders may realise returns that are different to the","page_number":3,"box":{"x":506,"y":277,"width":408,"height":9}},{"id":"d8fb0137-796f-4619-a0a1-6434f816e7d9","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":287,"width":115,"height":7}},{"id":"42ec5eb5-5415-4d51-9245-f424686a9865","block_type":"box","text":"The return of your investment may change as a result of currency","page_number":3,"box":{"x":505,"y":300,"width":402,"height":9}},{"id":"9725b1ea-ebbb-4ab6-8521-485bc59b4b8a","block_type":"box","text":"fluctuations if your investment is made in a currency other than that","page_number":3,"box":{"x":505,"y":311,"width":421,"height":8}},{"id":"5cf99bcc-54e4-4a3f-9e30-f7893b1dcf1e","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":321,"width":255,"height":9}},{"id":"f4779dce-a031-4175-8dd8-4de9eb9dfe7a","block_type":"box","text":"Indices do not include fees or operating expenses and you cannot","page_number":3,"box":{"x":506,"y":334,"width":403,"height":9}},{"id":"dff53c87-c4bf-474c-8ce8-92075a41124b","block_type":"box","text":"invest in them.Investors should note that the benchmark data","page_number":3,"box":{"x":506,"y":344,"width":381,"height":7}},{"id":"74b260ab-b2c5-4cba-b068-a2b7855c5d1a","block_type":"box","text":"presented is expressed in the fund's base currency, which may be","page_number":3,"box":{"x":506,"y":355,"width":403,"height":9}},{"id":"bafef246-cfd3-4518-80b5-893a931173e9","block_type":"box","text":"different from the currency in which the share class performance","page_number":3,"box":{"x":506,"y":366,"width":400,"height":8}},{"id":"77215be4-f3d8-43f5-8855-398e59c57599","block_type":"box","text":"data is presented. Investors should exercise caution when","page_number":3,"box":{"x":506,"y":376,"width":355,"height":9}},{"id":"0197b684-126a-49ad-bd78-134c834ca515","block_type":"box","text":"comparing the benchmark data with share class performance data","page_number":3,"box":{"x":506,"y":387,"width":408,"height":8}},{"id":"51e62cdb-3ffc-4eda-a8e7-69a5d0748ab6","block_type":"box","text":"that are in different currencies, as currency fluctuations can","page_number":3,"box":{"x":505,"y":397,"width":373,"height":9}},{"id":"d4ecdfce-800c-45bf-9a86-58c987076379","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":408,"width":316,"height":8}},{"id":"c1692159-830d-40d5-9477-bb4c28bfd617","block_type":"box","text":"The benchmark is for comparative purposes only unless specifically","page_number":3,"box":{"x":505,"y":420,"width":414,"height":9}},{"id":"b57ca802-81dd-496e-8e77-a0c64eae0f20","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":431,"width":132,"height":7}},{"id":"f34ae595-1b6f-45d8-8dd7-d82f848b65bc","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":435,"width":4,"height":1}},{"id":"74879f37-8c4f-45bb-9eaa-a29af6e8e88a","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":431,"width":240,"height":9}},{"id":"aae419e8-49bb-4387-8977-6bf12d4d5972","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":457,"width":395,"height":9}},{"id":"70ac6daa-a300-4a85-a38c-84923da4892c","block_type":"box","text":"data, is provided by J.P. Morgan Asset Management (the marketing","page_number":3,"box":{"x":506,"y":468,"width":400,"height":9}},{"id":"6f5fe1f1-a16f-4197-b9eb-b50071fe1896","block_type":"box","text":"name for the asset management businesses of JPMorgan Chase &","page_number":3,"box":{"x":506,"y":478,"width":411,"height":9}},{"id":"2cfdf4bf-a41b-46ce-b2b5-b5548adb4ea5","block_type":"box","text":"Co. and its affiliates worldwide).","page_number":3,"box":{"x":506,"y":489,"width":186,"height":9}},{"id":"798ca5b5-047c-4057-9936-8c960bc90aa4","block_type":"box","text":"All data is as at the document date unless indicated otherwise.","page_number":3,"box":{"x":505,"y":500,"width":395,"height":6}},{"id":"f893555b-0515-4040-b2e3-1d4515816b9d","block_type":"box","text":"©","page_number":3,"box":{"x":506,"y":510,"width":9,"height":7}},{"id":"880489ae-9f03-4b7f-bf05-04b28559e006","block_type":"box","text":"2026 Morningstar. All Rights Reserved. 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