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In addition, it may increase the Sub","page_number":3,"box":{"x":65,"y":401,"width":355,"height":9}},{"id":"a2bb3c37-0f20-4da9-af6e-ac7be9a44bfa","block_type":"box","text":"-","page_number":3,"box":{"x":421,"y":405,"width":5,"height":1}},{"id":"93ae9f9c-a476-4c14-8bd3-f22811450a25","block_type":"box","text":"Fund's","page_number":3,"box":{"x":427,"y":401,"width":39,"height":7}},{"id":"db25d56c-30d9-4543-8d40-19179af6fcdf","block_type":"box","text":"volatility and/or magnify pre","page_number":3,"box":{"x":65,"y":412,"width":165,"height":9}},{"id":"6f204ee0-973b-4d76-abc6-5cfbfb579467","block_type":"box","text":"-","page_number":3,"box":{"x":232,"y":416,"width":4,"height":1}},{"id":"ec7ec652-06c6-444f-a567-25ef6cb1e8ed","block_type":"box","text":"existing risks to the Sub","page_number":3,"box":{"x":237,"y":412,"width":141,"height":9}},{"id":"2ef432e6-8de1-4118-b43f-de56f9c33d8c","block_type":"box","text":"-","page_number":3,"box":{"x":379,"y":416,"width":5,"height":1}},{"id":"d7a67f8e-4262-4f1d-8174-634ed773d070","block_type":"box","text":"Fund.","page_number":3,"box":{"x":386,"y":412,"width":31,"height":7}},{"id":"c9e686d7-90a1-44f0-a19d-15f3c9ac8f61","block_type":"box","text":"The Sub","page_number":3,"box":{"x":65,"y":422,"width":46,"height":7}},{"id":"70027c22-9a99-4bc6-9412-eedacb02a048","block_type":"box","text":"-","page_number":3,"box":{"x":112,"y":426,"width":4,"height":1}},{"id":"a2af31b7-785a-4c05-880f-5a3480dcb943","block_type":"box","text":"Fund seeks to provide a return above the Benchmark;","page_number":3,"box":{"x":118,"y":423,"width":317,"height":8}},{"id":"af9b9a76-87c7-496f-89b3-a9b29dbe790c","block_type":"box","text":"however the Sub","page_number":3,"box":{"x":66,"y":433,"width":97,"height":7}},{"id":"4bc70c32-2adc-4aaa-a648-01e0824580b7","block_type":"box","text":"-","page_number":3,"box":{"x":164,"y":437,"width":5,"height":1}},{"id":"13a0f9a1-715d-4705-b473-a114ad617235","block_type":"box","text":"Fund may underperform the Benchmark.","page_number":3,"box":{"x":171,"y":433,"width":240,"height":9}},{"id":"979c66d2-3135-4ed0-b0a9-5c912d4c6628","block_type":"box","text":"Further information about risks can be found in the \"Risk Information\"","page_number":3,"box":{"x":66,"y":444,"width":409,"height":6}},{"id":"d19d922e-6190-4b85-aae6-fb2fc0bbff02","block_type":"box","text":"section of the Prospectus.","page_number":3,"box":{"x":65,"y":454,"width":155,"height":9}},{"id":"0c0a0fdb-61d7-40fa-a77f-e6b899b1f9b6","block_type":"box","text":"General Disclosures","page_number":3,"box":{"x":63,"y":480,"width":127,"height":7}},{"id":"e71cd594-805b-4e9b-b03d-9fd4b42e003b","block_type":"box","text":"The risk indicator is based on the historic volatility of the Net Asset","page_number":3,"box":{"x":505,"y":82,"width":402,"height":8}},{"id":"ab4b7749-c472-4dd7-be94-494ae6e67515","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":92,"width":394,"height":9}},{"id":"a1b51b90-e9c8-4558-bf7d-969875453fc6","block_type":"box","text":"reliable indication of the future risk profile of the Share Class. The risk","page_number":3,"box":{"x":506,"y":103,"width":422,"height":8}},{"id":"0b0e0261-9931-4f18-9c3d-ec7d6c881704","block_type":"box","text":"and reward category shown above is not guaranteed to remain","page_number":3,"box":{"x":506,"y":113,"width":378,"height":9}},{"id":"db743a1d-a2af-47ff-a860-e276ca4def0d","block_type":"box","text":"unchanged and may change over time. A Share Class with the lowest","page_number":3,"box":{"x":506,"y":124,"width":420,"height":9}},{"id":"82a069e4-755a-494a-a1b4-283d60d8ff2c","block_type":"box","text":"risk rating does not mean a risk","page_number":3,"box":{"x":506,"y":134,"width":192,"height":9}},{"id":"55730ab1-ea9a-457c-bf9d-523e1ac6d90c","block_type":"box","text":"-","page_number":3,"box":{"x":699,"y":138,"width":3,"height":1}},{"id":"b52aadfa-b748-43c4-8e4a-8493bf0ab012","block_type":"box","text":"free investment. See the Key","page_number":3,"box":{"x":704,"y":134,"width":173,"height":9}},{"id":"f7664256-7369-4043-9916-0c6bce25f329","block_type":"box","text":"Investor Information Document (KIID) for details.","page_number":3,"box":{"x":506,"y":145,"width":291,"height":9}},{"id":"f2682ee2-3d27-4ca3-a7a2-0e82755ad653","block_type":"box","text":"The possible difference between the current ongoing charge as","page_number":3,"box":{"x":505,"y":158,"width":388,"height":8}},{"id":"4850f6c9-1f8c-43fa-a251-74e6300fc16e","block_type":"box","text":"stated in this document and those mentioned in the KIID, is caused","page_number":3,"box":{"x":506,"y":168,"width":412,"height":8}},{"id":"b6e2a0e8-cbc3-48b3-aee0-ed03409796d4","block_type":"box","text":"by the fact that the costs mentioned in the KIID are an estimate","page_number":3,"box":{"x":506,"y":179,"width":385,"height":8}},{"id":"b1079110-fdfd-4205-81fd-6bef01e06178","block_type":"box","text":"based on the actual costs incurred over the past year.","page_number":3,"box":{"x":506,"y":189,"width":327,"height":9}},{"id":"6e023209-1ee8-4887-af58-e10f9526fdee","block_type":"box","text":"Source: J.P. Morgan Asset Management. Share class performance is","page_number":3,"box":{"x":506,"y":223,"width":412,"height":9}},{"id":"15e3ba71-2b85-4a89-aaf3-6db95b498647","block_type":"box","text":"shown based on the NAV (net asset value) of the share class with","page_number":3,"box":{"x":506,"y":234,"width":398,"height":8}},{"id":"27843d57-5af5-493c-9d66-88649932868f","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":244,"width":369,"height":9}},{"id":"204a4f8c-ca05-4060-bfc6-2f3705104296","block_type":"box","text":"excluding any entry and exit fees. Performance is shown based on","page_number":3,"box":{"x":506,"y":255,"width":401,"height":8}},{"id":"67d7ac19-ca7c-431a-844f-08592d274dd6","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":265,"width":405,"height":9}},{"id":"21c65dca-08cf-4951-907a-a62c0e30456c","block_type":"box","text":"Individual shareholders may realise returns that are different to the","page_number":3,"box":{"x":506,"y":276,"width":408,"height":8}},{"id":"2202146c-cd15-4492-9eda-f5e76ff9b576","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":286,"width":115,"height":7}},{"id":"7010c1c1-7162-44d1-8e7b-dd11267f0ff9","block_type":"box","text":"The return of your investment may change as a result of currency","page_number":3,"box":{"x":505,"y":299,"width":402,"height":9}},{"id":"5f7b2693-779d-46a0-a773-1edcc4e623b9","block_type":"box","text":"fluctuations if your investment is made in a currency other than that","page_number":3,"box":{"x":505,"y":310,"width":421,"height":8}},{"id":"ced6059c-efe9-4564-8952-517b1aeaca1a","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":320,"width":255,"height":9}},{"id":"8af8022b-4e4c-44e3-ac69-422373b020fb","block_type":"box","text":"Indices do not include fees or operating expenses and you cannot","page_number":3,"box":{"x":506,"y":333,"width":403,"height":9}},{"id":"736f33b0-7643-489c-800c-c40edbd208f9","block_type":"box","text":"invest in them.Investors should note that the benchmark data","page_number":3,"box":{"x":506,"y":343,"width":381,"height":7}},{"id":"21d52fde-8cd9-408e-9207-eee2c2208d61","block_type":"box","text":"presented is expressed in the fund's base currency, which may be","page_number":3,"box":{"x":506,"y":354,"width":403,"height":9}},{"id":"9364123b-84b8-4a8e-9333-e26ccaeb2cf1","block_type":"box","text":"different from the currency in which the share class performance","page_number":3,"box":{"x":506,"y":364,"width":400,"height":9}},{"id":"c4de59b6-3030-455f-bd18-3747cfd914ba","block_type":"box","text":"data is presented. Investors should exercise caution when","page_number":3,"box":{"x":506,"y":375,"width":355,"height":9}},{"id":"f840d3e4-456a-4520-8565-c1e746c9df17","block_type":"box","text":"comparing the benchmark data with share class performance data","page_number":3,"box":{"x":506,"y":386,"width":408,"height":8}},{"id":"7d3db975-8de5-41fd-8802-3928b740dcd4","block_type":"box","text":"that are in different currencies, as currency fluctuations can","page_number":3,"box":{"x":505,"y":396,"width":373,"height":9}},{"id":"b58182c0-089a-4c56-b1b8-080491e81f08","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":407,"width":316,"height":8}},{"id":"a5d3d2d2-e89d-4476-a916-91771400ddaf","block_type":"box","text":"The benchmark is for comparative purposes only unless specifically","page_number":3,"box":{"x":505,"y":419,"width":414,"height":9}},{"id":"e7ce03db-79b8-44d8-9bb1-951fea6440b9","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":430,"width":132,"height":7}},{"id":"357a1a0e-f9bd-4c14-aee5-b851c3959251","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":434,"width":4,"height":1}},{"id":"72f3b6de-2756-4ad2-982d-7d1938517ddd","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":430,"width":240,"height":9}},{"id":"67b3f085-932a-4256-834d-7e5abddada53","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":456,"width":395,"height":9}},{"id":"03ef5136-6bf7-4c5a-b7a9-6080b2994210","block_type":"box","text":"data, is provided by J.P. 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