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The risk","page_number":3,"box":{"x":506,"y":105,"width":422,"height":8}},{"id":"620e2fe4-eb17-4b68-b872-1e4c109a307c","block_type":"box","text":"and reward category shown above is not guaranteed to remain","page_number":3,"box":{"x":506,"y":115,"width":378,"height":9}},{"id":"5dc10b99-61d8-4ca2-8570-231b5859ab89","block_type":"box","text":"unchanged and may change over time. A Share Class with the lowest","page_number":3,"box":{"x":506,"y":126,"width":420,"height":9}},{"id":"ae246bfc-d502-422c-a3d1-0fba6f010498","block_type":"box","text":"risk rating does not mean a risk","page_number":3,"box":{"x":506,"y":136,"width":192,"height":9}},{"id":"9c566c17-eece-4f78-86c4-d935ea688ac9","block_type":"box","text":"-","page_number":3,"box":{"x":699,"y":140,"width":3,"height":1}},{"id":"4c8a40f5-7e46-49bd-bc2c-19d58e9aca4c","block_type":"box","text":"free investment. See the Key","page_number":3,"box":{"x":704,"y":136,"width":173,"height":9}},{"id":"e15dc66c-a969-43d5-9196-72f7439d8d3e","block_type":"box","text":"Investor Information Document (KIID) for details.","page_number":3,"box":{"x":506,"y":147,"width":291,"height":9}},{"id":"3537ada1-c903-4c2e-8646-ad7cfb3298fd","block_type":"box","text":"The possible difference between the current ongoing charge as","page_number":3,"box":{"x":505,"y":160,"width":388,"height":8}},{"id":"5f62c9aa-7539-4a15-a7b5-95b441034d3f","block_type":"box","text":"stated in this document and those mentioned in the KIID, is caused","page_number":3,"box":{"x":506,"y":170,"width":412,"height":8}},{"id":"1e69cc7b-d847-448f-bf8d-aaacc52c2e68","block_type":"box","text":"by the fact that the costs mentioned in the KIID are an estimate","page_number":3,"box":{"x":506,"y":181,"width":385,"height":8}},{"id":"08c976a2-439f-49ca-b7e8-54f6e9d96d93","block_type":"box","text":"based on the actual costs incurred over the past year.","page_number":3,"box":{"x":506,"y":191,"width":327,"height":9}},{"id":"dbb532e3-b60c-41d3-8356-dd9640de455c","block_type":"box","text":"Source: J.P. Morgan Asset Management. Share class performance is","page_number":3,"box":{"x":506,"y":225,"width":412,"height":9}},{"id":"e163a510-b378-4b3b-87fe-6d3d4502d702","block_type":"box","text":"shown based on the NAV (net asset value) of the share class with","page_number":3,"box":{"x":506,"y":236,"width":398,"height":8}},{"id":"74ca0e75-721d-43fe-a144-0a16883201cf","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":246,"width":369,"height":9}},{"id":"b43c9277-0267-440d-84fe-538a91c8f8f6","block_type":"box","text":"excluding any entry and exit fees. Performance is shown based on","page_number":3,"box":{"x":506,"y":257,"width":401,"height":9}},{"id":"71f9af87-49d1-4643-a491-406a5c8f7831","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":267,"width":405,"height":9}},{"id":"c82bb57e-b3f2-4f75-930e-4ec4864e650d","block_type":"box","text":"Individual shareholders may realise returns that are different to the","page_number":3,"box":{"x":506,"y":278,"width":408,"height":9}},{"id":"4ef5e956-d89c-4643-ac4b-c1d71c92c060","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":288,"width":115,"height":7}},{"id":"6638e57d-55e3-4480-bf0f-ff540c548ca4","block_type":"box","text":"The return of your investment may change as a result of currency","page_number":3,"box":{"x":505,"y":301,"width":402,"height":9}},{"id":"37ef6bf2-3e40-44b0-a17b-7456fa9a3f63","block_type":"box","text":"fluctuations if your investment is made in a currency other than that","page_number":3,"box":{"x":505,"y":312,"width":421,"height":8}},{"id":"78b2d2d6-3f5c-4efd-a117-07a24fd328af","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":322,"width":255,"height":9}},{"id":"dd2277de-44e3-4d44-8f84-5ae3a408393b","block_type":"box","text":"Indices do not include fees or operating expenses and you cannot","page_number":3,"box":{"x":506,"y":335,"width":403,"height":9}},{"id":"8552c3be-5e18-45f9-a2cc-fd12c30e6b91","block_type":"box","text":"invest in them.Investors should note that the benchmark data","page_number":3,"box":{"x":506,"y":345,"width":381,"height":7}},{"id":"a4ed1675-a4dc-4e38-9a78-251f8fe489de","block_type":"box","text":"presented is expressed in the fund's base currency, which may be","page_number":3,"box":{"x":506,"y":356,"width":403,"height":9}},{"id":"df3da7de-5241-4eca-834f-3f938b0235c7","block_type":"box","text":"different from the currency in which the share class performance","page_number":3,"box":{"x":506,"y":367,"width":400,"height":8}},{"id":"385deeed-48f2-4900-962c-4f4128f5984f","block_type":"box","text":"data is presented. Investors should exercise caution when","page_number":3,"box":{"x":506,"y":377,"width":355,"height":9}},{"id":"e7129f43-dd69-4289-abea-f7817e21c5c5","block_type":"box","text":"comparing the benchmark data with share class performance data","page_number":3,"box":{"x":506,"y":388,"width":408,"height":8}},{"id":"3d85465c-c6ce-457e-afb5-3449d5d1737e","block_type":"box","text":"that are in different currencies, as currency fluctuations can","page_number":3,"box":{"x":505,"y":398,"width":373,"height":9}},{"id":"65d585dc-6ba0-4799-a41e-f1fde91c661e","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":409,"width":316,"height":8}},{"id":"6626c5e6-fdc4-4202-90f7-8862053a4133","block_type":"box","text":"The benchmark is for comparative purposes only unless specifically","page_number":3,"box":{"x":505,"y":421,"width":414,"height":9}},{"id":"b4cf315f-f501-4ceb-b0c2-38357e393ac3","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":432,"width":132,"height":7}},{"id":"aaa730a1-da2b-410a-b93c-2f326c7b7a0f","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":436,"width":4,"height":1}},{"id":"df398517-ed95-4377-b175-f06ef8fd8372","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":432,"width":240,"height":9}},{"id":"a21cffa6-0947-40cf-9aed-22606bd78761","block_type":"box","text":"Dividend income shown is gross of any applicable tax.","page_number":3,"box":{"x":506,"y":445,"width":324,"height":8}},{"id":"b03acf85-6ce7-419b-a11b-c824c275a71b","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":471,"width":395,"height":9}},{"id":"f66637ce-5d7f-4847-b68a-77045ba0d82f","block_type":"box","text":"data, is provided by J.P. Morgan Asset Management (the marketing","page_number":3,"box":{"x":506,"y":482,"width":400,"height":8}},{"id":"a20a1f0a-9873-475a-af00-d0d72e95e5e1","block_type":"box","text":"name for the asset management businesses of JPMorgan Chase &","page_number":3,"box":{"x":506,"y":492,"width":411,"height":9}},{"id":"c788f3f9-6e3b-4bdf-a7ff-7c5ba5178d8b","block_type":"box","text":"Co. and its affiliates worldwide).","page_number":3,"box":{"x":506,"y":503,"width":186,"height":8}},{"id":"6fee7dcc-3586-42d5-a575-c13dd9b7abdd","block_type":"box","text":"All data is as at the document date unless indicated otherwise.","page_number":3,"box":{"x":505,"y":513,"width":395,"height":7}},{"id":"4005bfbe-832d-4d71-95f0-e156614f259e","block_type":"box","text":"©","page_number":3,"box":{"x":506,"y":524,"width":9,"height":7}},{"id":"d832a89e-0a0f-4a8d-97b4-7e967d7c79e8","block_type":"box","text":"2026 Morningstar. All Rights Reserved. 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