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Emerging","page_number":3,"box":{"x":66,"y":233,"width":391,"height":8}},{"id":"31ab79ab-1a6d-4716-aa86-322a42a33e7e","block_type":"box","text":"market currencies may be subject to volatile price movements.","page_number":3,"box":{"x":66,"y":243,"width":373,"height":9}},{"id":"c54f3974-3f11-46d6-bc6d-54dccf229532","block_type":"box","text":"Emerging market securities may also be subject to higher volatility","page_number":3,"box":{"x":66,"y":254,"width":394,"height":8}},{"id":"ec226803-3452-41d7-8095-94363c478d68","block_type":"box","text":"and lower liquidity than developed market securities respectively.","page_number":3,"box":{"x":65,"y":264,"width":386,"height":9}},{"id":"237aff9e-72d4-4735-b65f-8fb9ec26e84e","block_type":"box","text":"Since the instruments held by the Sub","page_number":3,"box":{"x":66,"y":275,"width":223,"height":8}},{"id":"280aa292-d3be-49fa-b185-5a6667fd0b9b","block_type":"box","text":"-","page_number":3,"box":{"x":290,"y":279,"width":4,"height":1}},{"id":"d5050617-0cbf-46a7-82ef-580fdcb136d1","block_type":"box","text":"Fund may be denominated in","page_number":3,"box":{"x":296,"y":275,"width":170,"height":8}},{"id":"7a2dc10f-2a5e-4c2c-b703-7e441d9b2cf0","block_type":"box","text":"currencies other than the Base Currency, the Sub","page_number":3,"box":{"x":65,"y":285,"width":292,"height":9}},{"id":"47dd6587-2353-454d-8f50-3632a5fe52fb","block_type":"box","text":"-","page_number":3,"box":{"x":359,"y":289,"width":4,"height":1}},{"id":"ab134b0b-d825-4025-b5b3-799dd7623658","block_type":"box","text":"Fund may be","page_number":3,"box":{"x":365,"y":285,"width":75,"height":9}},{"id":"d08ede87-daa8-42c7-85b2-2565a6836539","block_type":"box","text":"affected unfavourably by exchange control regulations or fluctuations","page_number":3,"box":{"x":65,"y":296,"width":412,"height":9}},{"id":"6ca1519c-cf09-47f7-a038-0822b5926b0a","block_type":"box","text":"in currency rates. For this reason, changes in currency exchange","page_number":3,"box":{"x":66,"y":306,"width":383,"height":9}},{"id":"a86f8107-51f0-487f-8fbf-fd38e987e608","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":"7afdeaf2-a23a-4818-bb1e-bd643fae0ba0","block_type":"box","text":"-","page_number":3,"box":{"x":281,"y":321,"width":4,"height":1}},{"id":"e0d4b3e6-d224-4727-9d4b-37b8c1bf6fc6","block_type":"box","text":"Fund's portfolio and may impact","page_number":3,"box":{"x":287,"y":317,"width":190,"height":9}},{"id":"edcd8859-8dd2-4fca-b818-4c236c2fc085","block_type":"box","text":"the value of the Shares.","page_number":3,"box":{"x":65,"y":327,"width":138,"height":7}},{"id":"89d5cd11-2230-48c5-a1fb-fe4d9b6aeb77","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":"7578d4de-b424-4245-b6b0-cd189bce7313","block_type":"box","text":"Base Currency of the Sub","page_number":3,"box":{"x":66,"y":349,"width":149,"height":8}},{"id":"32daa508-905c-4a8b-bd90-4ffbf4dfa702","block_type":"box","text":"-","page_number":3,"box":{"x":217,"y":352,"width":4,"height":1}},{"id":"b1977010-7358-4836-af69-1a86337b5c0f","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":"02801603-02a1-4996-aefc-633596edf157","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":"f500add7-b9c1-43ed-bff7-0368b9c11e57","block_type":"box","text":"Fund.","page_number":3,"box":{"x":66,"y":370,"width":31,"height":7}},{"id":"3a3dbb69-5be4-4222-9000-8cc8b899bdea","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":"ba580980-af76-4a64-ae9e-6ff7c459337c","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":"cf48802a-01ce-4063-8d88-2cc65929d509","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":"6821f43a-8ac7-4344-8e53-785eebf19686","block_type":"box","text":"-","page_number":3,"box":{"x":421,"y":405,"width":5,"height":1}},{"id":"505aa271-523b-4427-8c10-87f03d51d0c1","block_type":"box","text":"Fund's","page_number":3,"box":{"x":427,"y":401,"width":39,"height":7}},{"id":"34b2817f-8b41-4ab5-b6fe-09be37706d34","block_type":"box","text":"volatility and/or magnify pre","page_number":3,"box":{"x":65,"y":412,"width":165,"height":9}},{"id":"48981eb0-a799-4c8b-8ed8-72dac945f64d","block_type":"box","text":"-","page_number":3,"box":{"x":232,"y":416,"width":4,"height":1}},{"id":"221fad5f-8e21-4eb8-9985-e9f592ca07e0","block_type":"box","text":"existing risks to the Sub","page_number":3,"box":{"x":237,"y":412,"width":141,"height":9}},{"id":"a89b87d3-b63a-4da3-b0eb-7087d1f7f9e6","block_type":"box","text":"-","page_number":3,"box":{"x":379,"y":416,"width":5,"height":1}},{"id":"da3663ef-7f55-4764-8f3f-d69ea28629d0","block_type":"box","text":"Fund.","page_number":3,"box":{"x":386,"y":412,"width":31,"height":7}},{"id":"33bf5c81-bc30-4586-b277-f1060abe86fb","block_type":"box","text":"Further information about risks can be found in the \"Risk Information\"","page_number":3,"box":{"x":66,"y":423,"width":409,"height":6}},{"id":"03e020db-fbb2-4b25-8cb7-79bd8744dedd","block_type":"box","text":"section of the Prospectus.","page_number":3,"box":{"x":65,"y":433,"width":156,"height":9}},{"id":"1bb6efbb-dbf0-4762-b57a-110d30a54ada","block_type":"box","text":"General Disclosures","page_number":3,"box":{"x":63,"y":459,"width":127,"height":7}},{"id":"710b928c-2cc0-4fac-b250-e75a2f18dd8a","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":81,"width":394,"height":9}},{"id":"4626506a-7393-4067-828d-713ec3c68fc7","block_type":"box","text":"reliable indication of the future risk profile of the Share Class. The risk","page_number":3,"box":{"x":506,"y":92,"width":422,"height":9}},{"id":"43049697-fe16-4cd4-a73d-7f299ca56445","block_type":"box","text":"and reward category shown above is not guaranteed to remain","page_number":3,"box":{"x":506,"y":103,"width":378,"height":8}},{"id":"ff6caa7f-0e1a-4db5-87e6-0cee0d82d4a2","block_type":"box","text":"unchanged and may change over time. A Share Class with the lowest","page_number":3,"box":{"x":506,"y":113,"width":420,"height":9}},{"id":"5e422bac-7b5b-4342-9aca-c265e64f15be","block_type":"box","text":"risk rating does not mean a risk","page_number":3,"box":{"x":506,"y":124,"width":192,"height":9}},{"id":"4334fb56-e1b6-414b-adce-a1b35154bddb","block_type":"box","text":"-","page_number":3,"box":{"x":699,"y":128,"width":3,"height":1}},{"id":"fadd90af-f2a8-422a-8f80-f6eda9c9d427","block_type":"box","text":"free investment. See the Key","page_number":3,"box":{"x":704,"y":124,"width":173,"height":8}},{"id":"5bd16e03-5c9f-4d7c-bed0-f99c8b953660","block_type":"box","text":"Investor Information Document (KIID) for details.","page_number":3,"box":{"x":506,"y":134,"width":291,"height":9}},{"id":"a73a220e-0738-4c0f-92a9-915548459147","block_type":"box","text":"The possible difference between the current ongoing charge as","page_number":3,"box":{"x":505,"y":147,"width":388,"height":9}},{"id":"fd1e7208-dd6e-4a99-97e3-e9fd1d5fd21d","block_type":"box","text":"stated in this document and those mentioned in the KIID, is caused","page_number":3,"box":{"x":506,"y":158,"width":412,"height":7}},{"id":"e2913044-14b6-40de-8aef-8d4fb0769307","block_type":"box","text":"by the fact that the costs mentioned in the KIID are an estimate","page_number":3,"box":{"x":506,"y":168,"width":385,"height":9}},{"id":"06a867ff-1fbe-47d6-b548-7aa2e60a56b5","block_type":"box","text":"based on the actual costs incurred over the past year.","page_number":3,"box":{"x":506,"y":179,"width":327,"height":8}},{"id":"45584f83-5a32-4307-945e-95b7fc4f1676","block_type":"box","text":"Source: J.P. Morgan Asset Management. Share class performance is","page_number":3,"box":{"x":506,"y":212,"width":412,"height":9}},{"id":"159d876c-5f6b-41a4-a00f-390aea8748a0","block_type":"box","text":"shown based on the NAV (net asset value) of the share class with","page_number":3,"box":{"x":506,"y":223,"width":398,"height":9}},{"id":"8eb02541-40ba-45bd-8765-a29b5017984f","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":234,"width":369,"height":8}},{"id":"eb42fe0e-4001-4e4f-b501-c79cb3cf4c9e","block_type":"box","text":"excluding any entry and exit fees. Performance is shown based on","page_number":3,"box":{"x":506,"y":244,"width":401,"height":9}},{"id":"29a8a9ea-66c9-4047-be73-74f1f0232cb3","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":255,"width":405,"height":8}},{"id":"48fb747f-44c9-49d6-adf4-bf5548f31dd4","block_type":"box","text":"Individual shareholders may realise returns that are different to the","page_number":3,"box":{"x":506,"y":265,"width":408,"height":9}},{"id":"3adc59d3-f4fc-4124-8f26-5abfab612eb9","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":276,"width":115,"height":7}},{"id":"8daf249a-98f0-4047-a16c-642f23f21480","block_type":"box","text":"The return of your investment may change as a result of currency","page_number":3,"box":{"x":505,"y":288,"width":402,"height":9}},{"id":"03b9e3cf-7f1f-45bc-8073-ab0c5906a38f","block_type":"box","text":"fluctuations if your investment is made in a currency other than that","page_number":3,"box":{"x":505,"y":299,"width":421,"height":9}},{"id":"e25d35ef-99df-4dc4-9280-0afa8c952d4e","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":310,"width":255,"height":8}},{"id":"0acba0e6-8842-4d23-ad54-597d8b48a291","block_type":"box","text":"Indices do not include fees or operating expenses and you cannot","page_number":3,"box":{"x":506,"y":322,"width":403,"height":9}},{"id":"1a896f47-9145-4f78-b306-91e0fe7aab43","block_type":"box","text":"invest in them.Investors should note that the benchmark data","page_number":3,"box":{"x":506,"y":333,"width":381,"height":7}},{"id":"b13e2d11-4056-403b-bed1-f1fbe7bab85c","block_type":"box","text":"presented is expressed in the fund's base currency, which may be","page_number":3,"box":{"x":506,"y":343,"width":403,"height":9}},{"id":"a51eda7e-ee4a-4f2d-b81c-e5758d40ff91","block_type":"box","text":"different from the currency in which the share class performance","page_number":3,"box":{"x":506,"y":354,"width":400,"height":9}},{"id":"ef27f7de-7361-4f0d-ae57-ddfdee7e665b","block_type":"box","text":"data is presented. Investors should exercise caution when","page_number":3,"box":{"x":506,"y":364,"width":355,"height":9}},{"id":"446c3bc0-c7ae-4148-b1d3-140d5368d834","block_type":"box","text":"comparing the benchmark data with share class performance data","page_number":3,"box":{"x":506,"y":375,"width":408,"height":9}},{"id":"a97f829c-fd70-4bc4-acba-03b6ea6ee31f","block_type":"box","text":"that are in different currencies, as currency fluctuations can","page_number":3,"box":{"x":505,"y":386,"width":373,"height":8}},{"id":"6ab45480-dfd0-4d6e-b60c-40772310eb32","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":396,"width":316,"height":9}},{"id":"0059f330-0643-4d1a-bb06-e8e22d4e78d0","block_type":"box","text":"The benchmark is for comparative purposes only unless specifically","page_number":3,"box":{"x":505,"y":409,"width":414,"height":8}},{"id":"f19050ad-9a57-4f18-abb4-51af80ae1cf4","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":419,"width":132,"height":7}},{"id":"b8201bb6-bfe7-4e36-9668-0e0085da1e2f","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":423,"width":4,"height":1}},{"id":"8de60808-1bad-4110-b9f9-244ce6a7a3ce","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":419,"width":240,"height":9}},{"id":"9c205849-99bd-4aa6-b187-96953048e12b","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":446,"width":395,"height":8}},{"id":"68904abd-e383-45ec-8efb-b23b927ffdf7","block_type":"box","text":"data, is provided by J.P. 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