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The risk","page_number":3,"box":{"x":506,"y":157,"width":422,"height":9}},{"id":"c640b80b-1e4b-4047-bdc6-a8a46e25cec3","block_type":"box","text":"and reward category shown above is not guaranteed to remain","page_number":3,"box":{"x":506,"y":168,"width":378,"height":9}},{"id":"c0efb7b8-67f5-45d3-b928-5b03a84d98c0","block_type":"box","text":"unchanged and may change over time. A Share Class with the lowest","page_number":3,"box":{"x":506,"y":179,"width":420,"height":8}},{"id":"405e82a9-7977-4669-acc2-50dec185cb99","block_type":"box","text":"risk rating does not mean a risk","page_number":3,"box":{"x":506,"y":189,"width":192,"height":9}},{"id":"d8ec6678-4725-445a-9a9c-97498cf57223","block_type":"box","text":"-","page_number":3,"box":{"x":699,"y":193,"width":3,"height":1}},{"id":"7d997dae-cb15-490d-a3b2-0b43cf9f3dda","block_type":"box","text":"free investment. See the Key","page_number":3,"box":{"x":704,"y":189,"width":173,"height":9}},{"id":"facd2148-62a7-4735-8bde-e316dbcdf2bf","block_type":"box","text":"Investor Information Document (KIID) for details.","page_number":3,"box":{"x":506,"y":200,"width":291,"height":8}},{"id":"2fbaa146-3907-45ae-8f0d-f0be7d2ae2c7","block_type":"box","text":"The possible difference between the current ongoing charge as","page_number":3,"box":{"x":505,"y":212,"width":388,"height":9}},{"id":"a9227e48-0e78-4eee-8abc-f825b5afa700","block_type":"box","text":"stated in this document and those mentioned in the KIID, is caused","page_number":3,"box":{"x":506,"y":223,"width":412,"height":8}},{"id":"7e5d4fd9-05db-458d-a0a6-d30bc6e76194","block_type":"box","text":"by the fact that the costs mentioned in the KIID are an estimate","page_number":3,"box":{"x":506,"y":234,"width":385,"height":8}},{"id":"8cf74198-5fb1-47a8-a140-a7268ea29cc5","block_type":"box","text":"based on the actual costs incurred over the past year.","page_number":3,"box":{"x":506,"y":244,"width":327,"height":9}},{"id":"f7bf9f48-f275-4360-a43f-cd6c6f6072a7","block_type":"box","text":"Source: J.P. Morgan Asset Management. Share class performance is","page_number":3,"box":{"x":506,"y":278,"width":412,"height":9}},{"id":"ecb82f89-658c-4576-ad17-915e5acb9d2a","block_type":"box","text":"shown based on the NAV (net asset value) of the share class with","page_number":3,"box":{"x":506,"y":288,"width":398,"height":9}},{"id":"7e026e45-7889-4b11-8e3c-12b70cb1fc6e","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":299,"width":369,"height":9}},{"id":"78b21707-f819-47c5-9e28-7b7886884acd","block_type":"box","text":"excluding any entry and exit fees. Performance is shown based on","page_number":3,"box":{"x":506,"y":310,"width":401,"height":8}},{"id":"0ba087a4-d2db-47b6-bf13-406162e59504","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":320,"width":405,"height":9}},{"id":"b0ab1eab-cb66-4656-a2d6-84b082d806cc","block_type":"box","text":"Individual shareholders may realise returns that are different to the","page_number":3,"box":{"x":506,"y":331,"width":408,"height":8}},{"id":"8cb803e7-557d-46b6-b083-a9f1ea93c925","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":341,"width":115,"height":7}},{"id":"f08a434d-e9ee-4f7d-9972-aea83916d8a6","block_type":"box","text":"The return of your investment may change as a result of currency","page_number":3,"box":{"x":505,"y":354,"width":402,"height":9}},{"id":"a74427a0-e3af-4efe-b0d0-83f839eb0de8","block_type":"box","text":"fluctuations if your investment is made in a currency other than that","page_number":3,"box":{"x":505,"y":364,"width":421,"height":9}},{"id":"f4b2cda8-2f57-4639-b81a-446dd8ffbabb","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":375,"width":255,"height":9}},{"id":"2187c93e-3edd-4099-b05f-83ef6dbcd74c","block_type":"box","text":"Indices do not include fees or operating expenses and you cannot","page_number":3,"box":{"x":506,"y":388,"width":403,"height":8}},{"id":"eeb9c698-62b3-47c2-9497-37b8d061a706","block_type":"box","text":"invest in them.Investors should note that the benchmark data","page_number":3,"box":{"x":506,"y":398,"width":381,"height":7}},{"id":"3a70aa15-17cc-4ec4-965d-58f40a7a94cd","block_type":"box","text":"presented is expressed in the fund's base currency, which may be","page_number":3,"box":{"x":506,"y":409,"width":403,"height":8}},{"id":"d554ce03-3aef-45f2-9313-6a9b2cef6e71","block_type":"box","text":"different from the currency in which the share class performance","page_number":3,"box":{"x":506,"y":419,"width":400,"height":9}},{"id":"ba9da38b-493d-417e-88d9-307aaf22be8f","block_type":"box","text":"data is presented. Investors should exercise caution when","page_number":3,"box":{"x":506,"y":430,"width":355,"height":9}},{"id":"9b0a1b3b-14d0-405f-9beb-19b36420c74f","block_type":"box","text":"comparing the benchmark data with share class performance data","page_number":3,"box":{"x":506,"y":440,"width":408,"height":9}},{"id":"0ad82534-a5ad-4a4e-bd75-5c36cfb4d2d5","block_type":"box","text":"that are in different currencies, as currency fluctuations can","page_number":3,"box":{"x":505,"y":451,"width":373,"height":9}},{"id":"97c2f1d9-ac8b-4e92-a7f9-716b89071cdd","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":462,"width":316,"height":8}},{"id":"5abb32f1-7344-48bc-a0a0-0a0ad97ca236","block_type":"box","text":"The benchmark is for comparative purposes only unless specifically","page_number":3,"box":{"x":505,"y":474,"width":414,"height":9}},{"id":"1da60fc8-a39f-4b0e-b865-e9d284b64833","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":485,"width":132,"height":7}},{"id":"ac40f9b7-a5ba-46f3-b557-e74a85e38912","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":489,"width":4,"height":0}},{"id":"7ec840af-5bec-4c07-b8c0-32bf20ee2d0c","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":485,"width":240,"height":8}},{"id":"ce5a373d-75a2-42ea-8e39-231ad888564e","block_type":"box","text":"Dividend income shown is gross of any applicable tax.","page_number":3,"box":{"x":506,"y":497,"width":324,"height":9}},{"id":"bd47b264-1906-4d00-be83-ef99bc421739","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":524,"width":395,"height":9}},{"id":"751dd497-5ed2-4c9d-9917-f27d27309e00","block_type":"box","text":"data, is provided by J.P. 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