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Fund holdings and performance are likely to have","page_number":3,"box":{"x":506,"y":92,"width":412,"height":9}},{"id":"521a716f-12b2-4dbd-bdae-59f951136894","block_type":"box","text":"changed since the report date.","page_number":3,"box":{"x":506,"y":103,"width":186,"height":8}},{"id":"ce45f1b2-4999-4746-8eb2-0ac7faefc8e8","block_type":"box","text":"To the extent permitted by applicable law, we may record telephone","page_number":3,"box":{"x":505,"y":113,"width":401,"height":9}},{"id":"6fabffe8-285b-46a0-ae2e-e4e82e885f65","block_type":"box","text":"calls and monitor electronic communications to comply with our","page_number":3,"box":{"x":506,"y":124,"width":392,"height":8}},{"id":"b3b31caa-82ad-438d-a7b7-551994893af5","block_type":"box","text":"legal and regulatory obligations and internal policies. Personal data","page_number":3,"box":{"x":506,"y":134,"width":405,"height":9}},{"id":"dda05b8c-8ff9-461c-b126-e3149cfb3b95","block_type":"box","text":"will be collected, stored and processed by J.P. 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The risk","page_number":3,"box":{"x":506,"y":200,"width":422,"height":8}},{"id":"013637f4-2fb6-4be4-989e-8a97c6ba056c","block_type":"box","text":"and reward category shown above is not guaranteed to remain","page_number":3,"box":{"x":506,"y":210,"width":378,"height":9}},{"id":"6496806e-ae08-4734-a1a3-b9d205137b76","block_type":"box","text":"unchanged and may change over time. A Share Class with the lowest","page_number":3,"box":{"x":506,"y":221,"width":420,"height":9}},{"id":"464c8469-fd5f-449d-86fb-7f580c3a411d","block_type":"box","text":"risk rating does not mean a risk","page_number":3,"box":{"x":506,"y":231,"width":192,"height":9}},{"id":"7882de85-b861-4d64-94bc-6eada3ba9ed6","block_type":"box","text":"-","page_number":3,"box":{"x":699,"y":235,"width":3,"height":1}},{"id":"900d99bd-245f-4082-a0d7-4c96509bbe06","block_type":"box","text":"free investment. 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Morgan Asset Management. Share class performance is","page_number":3,"box":{"x":506,"y":320,"width":412,"height":9}},{"id":"9dbccc0d-4706-443c-8d0d-39367aabfb88","block_type":"box","text":"shown based on the NAV (net asset value) of the share class with","page_number":3,"box":{"x":506,"y":331,"width":398,"height":8}},{"id":"1c8cfb7a-926a-4b77-9dbc-4242353fc5cd","block_type":"box","text":"income (gross) reinvested including actual ongoing charges","page_number":3,"box":{"x":506,"y":341,"width":369,"height":9}},{"id":"704e6e27-a0f3-4851-8136-ed198b07861d","block_type":"box","text":"excluding any entry and exit fees. Performance is shown based on","page_number":3,"box":{"x":506,"y":352,"width":401,"height":9}},{"id":"bd2cc7a2-04f5-4f10-9c06-abd8235bca60","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":362,"width":405,"height":9}},{"id":"f39e91a0-f6fe-4171-b170-9aaf6e844803","block_type":"box","text":"Individual shareholders may realise returns that are different to the","page_number":3,"box":{"x":506,"y":373,"width":408,"height":9}},{"id":"5502a23a-60d9-46bc-9763-7d720d20897b","block_type":"box","text":"NAV based returns.","page_number":3,"box":{"x":506,"y":383,"width":115,"height":7}},{"id":"c3b5ca11-31cc-4f65-b940-a04073c3e8e9","block_type":"box","text":"The return of your investment may change as a result of currency","page_number":3,"box":{"x":505,"y":396,"width":402,"height":9}},{"id":"4a467081-fd59-43b4-b4ac-e0a21e3b4031","block_type":"box","text":"fluctuations if your investment is made in a currency other than that","page_number":3,"box":{"x":505,"y":407,"width":421,"height":8}},{"id":"b26f3297-1ed4-4811-8ae8-edcc0b45a207","block_type":"box","text":"used in the past performance calculation.","page_number":3,"box":{"x":506,"y":417,"width":255,"height":9}},{"id":"bdc88569-b46f-4245-bfae-219f5614838d","block_type":"box","text":"Indices do not include fees or operating expenses and you cannot","page_number":3,"box":{"x":506,"y":430,"width":403,"height":9}},{"id":"4d40765b-9410-4b2c-8b95-a9722da5de1f","block_type":"box","text":"invest in them.Investors should note that the benchmark data","page_number":3,"box":{"x":506,"y":440,"width":381,"height":7}},{"id":"4f78b721-f335-4a8f-853a-52344c06bef1","block_type":"box","text":"presented is expressed in the fund's base currency, which may be","page_number":3,"box":{"x":506,"y":451,"width":403,"height":9}},{"id":"48247890-8772-4d14-a7a8-f954bbef267e","block_type":"box","text":"different from the currency in which the share class performance","page_number":3,"box":{"x":506,"y":462,"width":400,"height":8}},{"id":"40dcf4cb-225e-4ea6-ad78-5fc0ff4c0c21","block_type":"box","text":"data is presented. Investors should exercise caution when","page_number":3,"box":{"x":506,"y":472,"width":355,"height":9}},{"id":"8d0347c6-d064-40fa-9e11-92a19df227e8","block_type":"box","text":"comparing the benchmark data with share class performance data","page_number":3,"box":{"x":506,"y":483,"width":408,"height":8}},{"id":"375d4c74-f855-4da6-bab0-ab8b94d53f65","block_type":"box","text":"that are in different currencies, as currency fluctuations can","page_number":3,"box":{"x":505,"y":493,"width":373,"height":9}},{"id":"07877398-f04e-4fe6-a562-3209ac847589","block_type":"box","text":"contribute to differences in performance outcomes.","page_number":3,"box":{"x":506,"y":504,"width":316,"height":8}},{"id":"2202547e-48d6-4b31-8838-4fd254ddad6a","block_type":"box","text":"The benchmark is for comparative purposes only unless specifically","page_number":3,"box":{"x":505,"y":516,"width":414,"height":9}},{"id":"b26fe2ed-54c8-4af2-b8fb-c82467ce3f7b","block_type":"box","text":"referenced in the Sub","page_number":3,"box":{"x":506,"y":527,"width":132,"height":7}},{"id":"47f888d5-7b7b-4122-9918-44817fb39c10","block_type":"box","text":"-","page_number":3,"box":{"x":639,"y":531,"width":4,"height":1}},{"id":"a53c9cc7-269c-47b0-bc22-40196f3cc27c","block_type":"box","text":"Funds' Investment Objective and Policy.","page_number":3,"box":{"x":645,"y":527,"width":240,"height":9}},{"id":"6b60cdd6-347e-434b-ada0-e0d75e02e417","block_type":"box","text":"Fund information, including performance calculations and other","page_number":3,"box":{"x":506,"y":553,"width":395,"height":9}},{"id":"3d8a3b6a-fcb7-4995-8a73-b51ed34664ce","block_type":"box","text":"data, is provided by J.P. Morgan Asset Management (the marketing","page_number":3,"box":{"x":506,"y":564,"width":400,"height":9}},{"id":"f72dcfff-3a62-4785-8fed-688333d3ef21","block_type":"box","text":"name for the asset management businesses of JPMorgan Chase &","page_number":3,"box":{"x":506,"y":574,"width":411,"height":9}},{"id":"28f5e35a-50dc-450d-ad13-d8c88def95f9","block_type":"box","text":"Co. and its affiliates worldwide).","page_number":3,"box":{"x":506,"y":585,"width":186,"height":9}},{"id":"10c61393-ffe0-4376-9ac5-6c6efa1e5054","block_type":"box","text":"All data is as at the document date unless indicated otherwise.","page_number":3,"box":{"x":505,"y":596,"width":395,"height":6}},{"id":"555bc87e-c4e0-4dbf-90b9-2b119d0facb2","block_type":"box","text":"©","page_number":3,"box":{"x":506,"y":606,"width":9,"height":7}},{"id":"16679d67-1e72-431f-ac14-11902e8dd4b8","block_type":"box","text":"2026 Morningstar. All Rights Reserved. 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