Global ex US Research Enhanced Index Equity Active UCITS ETF EUR HedgedIndex, costs, backtest, listings and taxation

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Investment Objective: The objective of the Sub-Fund is to achieve a longterm return in excess of the Benchmark by actively investing primarily in a portfolio of companies, globally, excluding the United States of America ("US").

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Investment Policy:The Sub-Fund pursues an actively-managed investment strategy. The Sub-Fund aims to invest at least 67% of its assets (excluding assets held for ancillary liquidity purposes) in equity securities of companies, globally, excluding issuers that are domiciled in, or carry out the main part of their activity in the US. Issuers of these securities may be located in any non-US country, including emerging markets. The Sub-Fund systematically includes ESG analysis in its investment decisions on at least 90% of securities purchased. Pursuant to the Investment Manager's ESG analysis, at least 51% of the Sub-Fund's Net Asset Value is invested in companies with positive environmental and/or social characteristics that follow good governance practices as measured through the Investment Manager's proprietary ESG scoring methodology and/or third party data. In addition to ESG Integration, as an SFDR Article 8 fund, the Sub-Fund promotes environmental and/or social characteristics. The Sub-Fund also invests at least 20% of the Sub-Fund's Net Asset Value in Sustainable Investments, as defined under SFDR, contributing to environmental or social objectives. In addition, the Investment Manager evaluates and applies values and norms based screening to implement exclusions on certain industries and companies based on specific ESG criteria and/or minimum standards of business practice based on international norms. To support this screening, the Investment Manager relies on third party provider(s) who identify a company's participation in or the revenue which they derive from activities that are inconsistent with the values and norms based screens. Further details on the screening process can be found below and in the Sub-Fund's full exclusion policy which can be found on https:// am.jpmorgan.com/content/dam/jpm-am-aem/emea/regional/en/ policies/exclusion-policy/jpm-etf-icav-global-ex-us-rei-equity-activeexclusion-policy-ce-en.pdf. The Sub-Fund will seek to outperform the Benchmark over the long-term. The Benchmark consists of large and mid-capitalisation stocks issued by companies in developed markets globally, excluding the US ("Benchmark Securities"). The constituents and countries may be subject to change over time. Further details on the Benchmark, including its components and performance, are available at http://www.msci.com. The Benchmark has been included as a point of reference against which the performance of the Sub-Fund may be measured. The Sub-Fund will bear a close resemblance to its Benchmark. The Sub-Fund will not seek to track the performance of or replicate the Benchmark, rather the Sub-Fund will hold a portfolio of equity securities (which may include but will not be limited to Benchmark Securities) which is actively selected and managed with the aim of delivering an investment performance which exceeds that of the Benchmark over the longterm. While the Sub-Fund is managed with the aim of delivering an investment performance (net of fees) which exceeds that of the Benchmark over the long-term, there is no guarantee of any outperformance. In order to seek to achieve this, the Investment Manager may overweight the securities which it considers to have the highest potential to outperform the Benchmark and underweight or not invest at all in securities which the Investment Manager considers most overvalued. The risk characteristics of the portfolio of securities held by the Sub-Fund, such as volatility levels, will be broadly equivalent to the risk characteristics of the Benchmark. The Sub-Fund may invest in assets denominated in any currency and currency exposure in the Sub-Fund will be typically unhedged. The Sub-Fund may, for efficient portfolio management purposes, use financial derivative instruments ("FDI"). The Investment Manager also integrates financially material environmental, social and governance ("ESG") issues as part of the SubFund's investment process ("ESG Integration"). ESG Integration is the systematic inclusion of ESG issues in investment analysis and investment decisions with the goals of managing risk and improving long-term returns. ESG Integration by itself focuses on financial materiality and is therefore only part of a broader investment process. It is only one of the factors alongside the other factors, as described in the "Investment Policy" section, to be considered in portfolio construction. USD is the base currency of the Sub-Fund. This Share Class seeks to minimise the effect of currency fluctuations between the currency of certain (but not necessarily all) assets of the SubFund and the Reference Currency of this Share Class (EUR).

Redemption and Dealing:Shares of the Sub-Fund are traded on one or more stock exchanges. Certain market makers and brokers may subscribe and redeem Shares directly with JPMorgan ETFs (Ireland) ICAV, and are referred to as "Authorised Participants". Other investors who are not Authorised Participants can purchase and sell Shares daily on a recognised stock exchange or over-the-counter. Benchmark: MSCI World ex USA Index.

Distribution Policy:This Share Class will not pay dividends. For an explanation of some of the terms used in this document, please visit the glossary on our website at www.jpmorganassetmanagement.ie.

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