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For this reason, changes in currency exchange","page_number":3,"box":{"x":66,"y":306,"width":383,"height":9}},{"id":"25f8c262-c8c9-4757-9482-301fda8f7833","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":"2985ae45-736d-47a4-a535-8dab263cbd88","block_type":"box","text":"-","page_number":3,"box":{"x":281,"y":321,"width":4,"height":1}},{"id":"0855cb7e-8669-4998-acc9-a216e9e00455","block_type":"box","text":"Fund's portfolio and may impact","page_number":3,"box":{"x":287,"y":317,"width":190,"height":9}},{"id":"3e99dc02-60be-41f7-bdd3-c5bfb16cec5c","block_type":"box","text":"the value of the Shares.","page_number":3,"box":{"x":65,"y":327,"width":138,"height":7}},{"id":"aacbafdc-caf9-41d3-bd6e-a4fa6dfbdf9c","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":"d8344544-50c1-4309-b438-053f0d822802","block_type":"box","text":"Base Currency of the Sub","page_number":3,"box":{"x":66,"y":349,"width":149,"height":8}},{"id":"bd407aea-6a81-48bc-aef0-8495524eb951","block_type":"box","text":"-","page_number":3,"box":{"x":217,"y":352,"width":4,"height":1}},{"id":"70581e32-60c8-4f2f-85ee-cce06fd32792","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":"32512217-b22e-4b71-9a2e-41c26951530d","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":"858f988e-bd44-4c30-9ce4-597a12fdcef0","block_type":"box","text":"Fund.","page_number":3,"box":{"x":66,"y":370,"width":31,"height":7}},{"id":"df628344-22f1-4b52-947c-5b116ca0c2a0","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":"8bc05404-aa73-4f2e-916d-9fdecd7396d8","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":"24781754-7e84-4e90-8bec-2018b7c95218","block_type":"box","text":"value of that investment. In addition, it may increase the Sub","page_number":3,"box":{"x":65,"y":401,"width":355,"height":9}},{"id":"8dc69f95-a241-48a6-8ebd-77e5042d70e6","block_type":"box","text":"-","page_number":3,"box":{"x":421,"y":405,"width":5,"height":1}},{"id":"22200f22-a231-4128-9549-61f4e7dec005","block_type":"box","text":"Fund's","page_number":3,"box":{"x":427,"y":401,"width":39,"height":7}},{"id":"b2116d28-c704-47aa-b4f4-218e36e4b053","block_type":"box","text":"volatility and/or magnify pre","page_number":3,"box":{"x":65,"y":412,"width":165,"height":9}},{"id":"f6008ada-44d5-46b5-9ae1-1086c6848f8f","block_type":"box","text":"-","page_number":3,"box":{"x":232,"y":416,"width":4,"height":1}},{"id":"0d534440-e521-42de-a9c5-f517308751b1","block_type":"box","text":"existing risks to the Sub","page_number":3,"box":{"x":237,"y":412,"width":141,"height":9}},{"id":"32748fae-7377-44f8-b299-eecd3a326b6d","block_type":"box","text":"-","page_number":3,"box":{"x":379,"y":416,"width":5,"height":1}},{"id":"1a7bedf7-0e17-472e-9b6c-fab0b45309b6","block_type":"box","text":"Fund.","page_number":3,"box":{"x":386,"y":412,"width":31,"height":7}},{"id":"d9298e6e-4f6c-4296-ab39-13d4bcc59584","block_type":"box","text":"The Sub","page_number":3,"box":{"x":65,"y":422,"width":46,"height":7}},{"id":"fec209e7-73db-4be1-ada7-ff250c7e13cd","block_type":"box","text":"-","page_number":3,"box":{"x":112,"y":426,"width":4,"height":1}},{"id":"5704bf06-4878-41b7-9ee3-7b2d4637f5e6","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":"df83741c-6080-43d0-966e-9ac6d72051b6","block_type":"box","text":"however the Sub","page_number":3,"box":{"x":66,"y":433,"width":97,"height":7}},{"id":"7950124f-e8ab-4cae-a334-5ef280f8fc6a","block_type":"box","text":"-","page_number":3,"box":{"x":164,"y":437,"width":5,"height":1}},{"id":"249e00e2-d676-4f93-8705-dc4e2eef6a46","block_type":"box","text":"Fund may underperform the Benchmark.","page_number":3,"box":{"x":171,"y":433,"width":240,"height":9}},{"id":"9e937fb5-95e8-45cd-a255-934d2961963c","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":"2df28b3e-2a59-4c14-a66d-341f714a22ac","block_type":"box","text":"section of the Prospectus.","page_number":3,"box":{"x":65,"y":454,"width":155,"height":9}},{"id":"07abfc52-5a29-4c8e-a0af-8e2e3298da2a","block_type":"box","text":"General Disclosures","page_number":3,"box":{"x":63,"y":480,"width":127,"height":7}},{"id":"f27cf6f4-31e7-4754-b112-ce4104aa8d88","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":"bab2b432-f6b3-40f8-8054-0e046b259c6d","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":"ea9441e3-05ca-4aa5-89b4-ef322017b005","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":134,"width":173,"height":9}},{"id":"09c9f3ad-a8eb-40fe-895d-cd976f34ebfa","block_type":"box","text":"Investor Information Document (KIID) for details.","page_number":3,"box":{"x":506,"y":145,"width":291,"height":9}},{"id":"b079bee6-35c5-4bfa-80e0-e0ebb1020f99","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":"444057ec-3a50-4b83-82f7-6fb2368dbe51","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":"97e09ef3-8470-4136-820d-3ed79a50a8d4","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":"6037ab5f-7574-4149-bed1-3b6097c34ccf","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":"16695442-3527-41c3-b679-c02e17016a3e","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":"5a7fc40d-142f-4452-84d7-4fbcf400b3ab","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":"d4dda721-f3cb-401f-bdf4-a2a4747244b4","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":244,"width":369,"height":9}},{"id":"efc95c9a-e12d-49f4-84ed-09e1731c6e9c","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":"85033f2b-4123-443f-b7b6-1b0cf9deea49","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":"95102182-35fb-4427-96e5-7bf5e0c5db36","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":"c2dbbea2-d631-43f6-b685-5cd6f1102742","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":286,"width":115,"height":7}},{"id":"2579ecfb-bf2f-4f07-9f2c-71a72ce1c341","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":"3beb438c-cd29-41f7-9259-8f5f5653c574","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":"441858d7-e145-45a7-8654-f04ddc1d163e","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":320,"width":255,"height":9}},{"id":"9b1018ad-cf77-4a0e-bde5-88314080bf6c","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":"ef4ece16-7aa4-4d56-9302-d7dbec8fc78b","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":"a2bc53d6-6447-4ef2-a770-3f1ca98c4dae","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":"0c08b95e-07a3-4565-ad84-f10f45616dae","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":"cdc74796-20c0-4034-879b-ce51ab23b264","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":"080a7001-045a-4878-8e36-5d0390cc2b5a","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":"a05069c8-c14d-41c9-b4cb-5bf567276fca","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":"ad46584e-657f-405d-93b5-8f516f396bad","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":407,"width":316,"height":8}},{"id":"0a944d81-f578-4dba-a16d-83c575b868a7","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":"6af920dd-355c-4744-9000-cc235f6bafad","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":430,"width":132,"height":7}},{"id":"918229b9-1c95-481e-83a8-c8d462c640c7","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":434,"width":4,"height":1}},{"id":"82784086-d308-410a-b1cb-a4ef03a1eba4","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":430,"width":240,"height":9}},{"id":"43a00db7-c243-47b6-bb1b-766fb9c52e8e","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":456,"width":395,"height":9}},{"id":"f310f525-30fe-4c30-bbb5-a0eca525b4f0","block_type":"box","text":"data, is provided by J.P. 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