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In addition, it may increase the Sub","page_number":3,"box":{"x":65,"y":454,"width":355,"height":9}},{"id":"d182db7a-3785-4a2c-ab10-88c567da4b88","block_type":"box","text":"-","page_number":3,"box":{"x":421,"y":458,"width":5,"height":1}},{"id":"d1bab88f-a84c-4a52-8fb6-877aebfd1989","block_type":"box","text":"Fund's","page_number":3,"box":{"x":427,"y":454,"width":39,"height":7}},{"id":"569d578c-f35f-4aa2-8a71-233fa25b002a","block_type":"box","text":"volatility and/or magnify pre","page_number":3,"box":{"x":65,"y":465,"width":165,"height":8}},{"id":"59a4f684-ba95-4312-850b-8b606fa10185","block_type":"box","text":"-","page_number":3,"box":{"x":232,"y":469,"width":4,"height":1}},{"id":"94847284-4321-4bc4-8416-bec9b384564f","block_type":"box","text":"existing risks to the Sub","page_number":3,"box":{"x":237,"y":465,"width":141,"height":8}},{"id":"470b3756-78d7-4a58-a119-870c9ec7abf1","block_type":"box","text":"-","page_number":3,"box":{"x":379,"y":469,"width":5,"height":1}},{"id":"1115717b-a97c-4c3b-a623-8d8afdbc4a79","block_type":"box","text":"Fund.","page_number":3,"box":{"x":386,"y":465,"width":31,"height":7}},{"id":"cff89a5d-c857-4ec8-a42f-3bfc2f91aab5","block_type":"box","text":"Further information about risks can be found in the \"Risk Information\"","page_number":3,"box":{"x":66,"y":475,"width":409,"height":7}},{"id":"92b148a4-95cd-45a8-8e8e-5d4b109f0679","block_type":"box","text":"section of the Prospectus","page_number":3,"box":{"x":65,"y":486,"width":153,"height":8}},{"id":"3b85b0fa-8006-4c4c-812d-d8fec4e75c34","block_type":"box","text":"General Disclosures","page_number":3,"box":{"x":63,"y":512,"width":127,"height":7}},{"id":"a23b09b6-24ee-4b3d-916d-a9b411c58c60","block_type":"box","text":"The risk indicator is based on the historic volatility of the Net Asset","page_number":3,"box":{"x":505,"y":84,"width":402,"height":8}},{"id":"1f5e4f40-8671-4ba2-ac59-055d798ea5ed","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":94,"width":394,"height":9}},{"id":"03cb0812-b7bc-495e-8949-f6d00c7d971f","block_type":"box","text":"reliable indication of the future risk profile of the Share Class. The risk","page_number":3,"box":{"x":506,"y":105,"width":422,"height":8}},{"id":"a95a5044-f8b5-4c48-97fe-6bf5da5fc3b7","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":"e91e9cbf-dd3f-4638-ba38-baeb9ba56032","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":"ef364a8e-0077-40ab-9ede-df9c90615d8b","block_type":"box","text":"risk rating does not mean a risk","page_number":3,"box":{"x":506,"y":136,"width":192,"height":9}},{"id":"a7e69512-cbd4-4bb4-a755-03b34155c961","block_type":"box","text":"-","page_number":3,"box":{"x":699,"y":140,"width":3,"height":1}},{"id":"0c0d75e6-c7ca-48af-8705-98f9aa04a08b","block_type":"box","text":"free investment. See the Key","page_number":3,"box":{"x":704,"y":136,"width":173,"height":9}},{"id":"aaa5a124-3c80-40ef-9c62-09f80fe6fe2f","block_type":"box","text":"Investor Information Document (KIID) for details.","page_number":3,"box":{"x":506,"y":147,"width":291,"height":9}},{"id":"a0bb4518-13a1-44cd-9f1f-f57bd8a42a1e","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":"57920f8c-e076-496a-b7d3-d83a3f437c91","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":"7745baa3-30b3-413c-b2f0-031d2872d28a","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":"c7308809-fcd9-4d54-b34a-1af6dcc1c76e","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":"116df600-2061-421d-b747-2ac8ecd92a2d","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":"d2135c2c-2e98-4ff3-be57-d8fd54e54e5f","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":"97ac9589-196b-4f56-9e71-1965d0bcbc78","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":246,"width":369,"height":9}},{"id":"270db9b3-33d5-403c-856f-04345510233d","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":"ac03e7e0-0c39-4673-93bd-3cc98a51fabd","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":"4139c6d1-b1fd-4759-93a2-711ba89fe67a","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":"2db0ce32-5eec-48a8-a19c-6cf772e3bee4","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":288,"width":115,"height":7}},{"id":"37df96d3-e9b6-4dda-bb7d-0674f1fdd787","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":"f4cb5b3a-7856-46b5-a1d3-284f385c1285","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":"3f31e970-b6e1-46d7-83fd-b51badf079bc","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":322,"width":255,"height":9}},{"id":"71a6b6e6-1ecc-4eb1-8116-4bfbfcdd4b68","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":"67fb829e-ad8c-4997-a81e-97d1ec865936","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":"c3420a2d-81b8-45b3-b765-4bf181796f56","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":"42c10366-781a-4bf4-8f7c-d5405cd900b9","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":"a75986dc-18eb-4bb6-a8a6-6364740a960b","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":"20400014-8903-434c-8e0e-bf9538dbb360","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":"9db99123-29c6-47e3-804d-e9acade7de10","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":"62fee1fa-728d-4a12-8e43-83f2c4e85a85","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":409,"width":316,"height":8}},{"id":"f97cd163-a8ee-44ae-a642-6631d80c35bb","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":"afc33c7f-55d8-45ac-8242-50dcd6055cd1","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":432,"width":132,"height":7}},{"id":"94d84231-edb3-41ea-9873-cf42c06e5897","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":436,"width":4,"height":1}},{"id":"f51d0588-7795-4b57-a8cb-ca167c74615a","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":432,"width":240,"height":9}},{"id":"f41b0480-9d38-403a-b4e0-d45c9cd6d085","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":"c3d98092-a348-44c6-9d89-c236e514356b","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":471,"width":395,"height":9}},{"id":"0b068a31-08e6-430e-aaf9-206e20c8dea0","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":"eb96cf2b-fbdd-4b4d-ab5a-8f2b426db9b5","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":"39858c41-a6f3-4ec8-aa39-220292488a40","block_type":"box","text":"Co. and its affiliates worldwide).","page_number":3,"box":{"x":506,"y":503,"width":186,"height":8}},{"id":"7d3e621d-3562-440c-af1f-59ed3d9146d6","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":"db01c691-213b-4107-8117-2ebc1c8c9e68","block_type":"box","text":"©","page_number":3,"box":{"x":506,"y":524,"width":9,"height":7}},{"id":"f03b6f96-93a4-473d-b476-0f8b0427269f","block_type":"box","text":"2026 Morningstar. All Rights Reserved. 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