Investment Policy:The investment strategy. Further details on the screening process can be found in the Sub-Fund's full exclusion policy which can be found on the Website (www. jpmorganassetmanagement.ie). The Investment Manager integrates financially material environmental, social and governance ("ESG") issues as part of the Sub-Fund'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 other factors that the Investment Manager considers in portfolio construction, including buying and selling securities. If a security ceases to qualify as a Sustainable Investment, the Investment Manager will sell it as soon as practicable in the best interests of the SubFund and in accordance with its exclusion policy. Sub-Fund pursues an actively-managed The Sub-Fund aims to invest its assets primarily in equity securities of companies that are domiciled in or carry out the main part of their economic activity in, an European country. The Sub-Fund has sustainable investment as its objective and will invest a minimum of 90% of the Sub-Fund's portfolio in securities that qualify as "sustainable investments" for the purposes of the SFDR. The Sub-Fund will seek to outperform the Benchmark over the long-term, while aligning with the objectives of the Paris Agreement. The Benchmark is comprised of large and mid-capitalisation stocks of companies domiciled in Europe ("Benchmark Securities"). The constituents of the Benchmark are selected from the constituents of the MSCI Europe Index (EUR) (the "Investible Universe") and the Benchmark aims to meet the requirements for EU Paris-aligned Benchmarks as defined in the EU Climate Benchmarks Regulation and provide lower carbon emission exposure relative to the Investable Universe with a view to achieving the long-term global warming objectives of the Paris Agreement. 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 the Benchmark Securities) which is actively selected and managed with the aim of delivering an investment performance which exceeds that of the Benchmark over the long-term. 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 Sub-Fund's portfolio will be constructed such that it aims to meet the Benchmark's obligations under the EU Climate Benchmarks Regulation, as described above. Consequently the Sub-Fund will also seek to achieve a reduction of its greenhouse gas intensity of at least 7% on average per annum and an overall reduction of its greenhouse gas intensity compared to the Investable Universe of at least 50%. In addition, whilst the Investment Manager may underweight, or not invest at all in, Benchmark Securities, the Investment Manager will not actively underweight High Climate Impact Sectors as a whole, relative to the Investible Universe. The Sub-Fund systematically includes ESG criteria, including the consideration of sustainability risk, in investment analysis and investment decisions on all securities purchased (excluding cash, cash equivalents (certificates of deposit, commercial paper and fixed rate bonds issued by governments which are rated investment grade), money market funds and derivatives for efficient portfolio management). 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, for efficient portfolio management purposes, use financial derivative instruments. EUR is the base currency of the Sub-Fund.
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 Europe SRI EU PAB Overlay ESG Custom Index*.
Distribution Policy:This Share Class will normally pay dividends quarterly. For an explanation of some of the terms used in this document, please visit the glossary on our website at www.jpmorganassetmanagement.ie.