Title: URL Source: https://is.gd/wWqIiD Markdown Content: MARKETING COMMUNICATION | Factsheet | 31 March 2025 | 31 March 2025 JPMorgan ETFs (Ireland) ICAV - # USD High Yield Bond Active UCITS ETF ## Class: JPM USD High Yield Bond Active UCITS ETF - GBP Hedged (dist) Promotes environmental and / or social characteristics. Promotes environmental and / or social characteristics. "Article 8" strategies promote social and/or environmental "Article 8" strategies promote social and/or environmental characteristics, but do not have sustainable investing as a core characteristics, but do not have sustainable investing as a core objective. objective. ## Fund overview ISIN IE0002WLH200 IE0002WLH200 Investment objective: The objective of the Sub The objective of the Sub --Fund is to achieve a Fund is to achieve a long long --term return in excess of the Benchmark by actively investing term return in excess of the Benchmark by actively investing primarily in a portfolio of USD primarily in a portfolio of USD --denominated below investment grade denominated below investment grade corporate debt securities. corporate debt securities. Investment policy: The Sub The Sub --Fund pursues an actively Fund pursues an actively --managed managed investment strategy. investment strategy. Investment approach Investor profile: Typical investors in the Sub Typical investors in the Sub --Fund are expected to be Fund are expected to be those who seek exposure to the market covered by the Benchmark and a those who seek exposure to the market covered by the Benchmark and a broadly diversified USD broadly diversified USD --denominated below investment grade denominated below investment grade corporate bond investment. Investors may also be seeking investments corporate bond investment. Investors may also be seeking investments with positive environmental and/or social characteristics that follow with positive environmental and/or social characteristics that follow good governance practices and an overlay of ESG integration and values good governance practices and an overlay of ESG integration and values and norms and norms --based screening of its investment universe. based screening of its investment universe. Uses a globally integrated research driven investment process that Uses a globally integrated research driven investment process that focuses on analysing fundamental, quantitative and technical factors focuses on analysing fundamental, quantitative and technical factors across sectors and issuers. across sectors and issuers. Bottom Bottom --up security selection approach based on assessing relative up security selection approach based on assessing relative value across the USD value across the USD --denominated developed market high yield denominated developed market high yield issuers. issuers. ## ESG information ESG approach - ESG Promote SFDR classification: Article 8 > l > l Portfolio manager(s) Robert Cook Robert Cook Thomas Hauser Thomas Hauser Jeffrey Lovell Jeffrey Lovell John Lux John Lux Edward Gibbons Edward Gibbons Fund reference currency USD Share class currency GBP Fund assets USD 148.8m USD 148.8m Fund launch 26 Nov 2024 26 Nov 2024 NAV GBP 9.9755 Class launch 18 Mar 2025 18 Mar 2025 Domicile Ireland Shares outstanding 35,691 35,691 UK reporting status Yes Yes Ongoing charge 0.45% As at 31 March 2025 As at 31 March 2025 Fund ratings ## Performance Quarterly rolling 12 -month performance (%) As at end of March 2025 As at end of March 2025 Calendar Year Performance (%) Return (%) Cumulative Annualised 1 month 3 months 1 year YTD 3 years 5 years Launch -- -- -- -- -- -- -- -- -- -- -- -- -- -- Past performance is not a guide to current and future performance. The value of your investments and any income from them may fall as well as rise and you may not get back the full amount you invested. For more information on our approach to sustainable investing at J.P. For more information on our approach to sustainable investing at J.P. Morgan Asset Management please visit Morgan Asset Management please visit https://am.jpmorgan.com/lu/esg https://am.jpmorgan.com/lu/esg Performance Disclosures ESG Morningstar Category™ Other Bond Class: JPM USD High Yield Bond Active UCITS ETF JPM USD High Yield Bond Active UCITS ETF -- GBP Hedged (dist) GBP Hedged (dist) Benchmark: ICE BofA US High Yield Constrained Index ICE BofA US High Yield Constrained Index 1 2 Growth of GBP 100,000 Calendar years Due to local regulation, we are unable to show performance for the first 12 months. Due to local regulation, we are unable to show performance for the first 12 months. 2020/2021 2021/2022 2022/2023 2023/2024 2024/2025 -- -- -- -- -- -- -- -- -- -- 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Risk and Reward Profile Lower Risk > Potentially lower reward Potentially lower reward Higher Risk > Potentially higher reward Potentially higher reward ## Holdings TOP 10 > As at 31 March 2025 Coupon rate Maturity date Sector %of assets CCO HLDGS LLC/C 4.75% CCO HLDGS LLC/C 4.75% 03/01/30 (United States) 03/01/30 (United States) 4.750 4.750 01/03/2030 01/03/2030 Corporate Corporate 1.2 1.2 SIRIUS XM RADIO LL 4% SIRIUS XM RADIO LL 4% 07/15/28 (United States) 07/15/28 (United States) 4.000 4.000 15/07/2028 15/07/2028 Corporate Corporate 1.0 1.0 CCO HLDGS LLC/C 4.25% CCO HLDGS LLC/C 4.25% 02/01/31 (United States) 02/01/31 (United States) 4.250 4.250 01/02/2031 01/02/2031 Corporate Corporate 1.0 1.0 INTELSAT JACKSON 6.5% INTELSAT JACKSON 6.5% 03/15/30 (Luxembourg) 03/15/30 (Luxembourg) 6.500 6.500 15/03/2030 15/03/2030 Corporate Corporate 0.9 0.9 FORD MOTOR CRE 6.798% FORD MOTOR CRE 6.798% 11/07/28 (United States) 11/07/28 (United States) 6.798 6.798 07/11/2028 07/11/2028 Corporate Corporate 0.8 0.8 CCO HLDGS LLC/CA 4.5% CCO HLDGS LLC/CA 4.5% 08/15/30 (United States) 08/15/30 (United States) 4.500 4.500 15/08/2030 15/08/2030 Corporate Corporate 0.8 0.8 CCO HLDGS LLC/CAP 5% CCO HLDGS LLC/CAP 5% 02/01/28 (United States) 02/01/28 (United States) 5.000 5.000 01/02/2028 01/02/2028 Corporate Corporate 0.8 0.8 ENTEGRIS INC 5.95% ENTEGRIS INC 5.95% 06/15/30 (United States) 06/15/30 (United States) 5.950 5.950 15/06/2030 15/06/2030 Corporate Corporate 0.7 0.7 FORD MOTOR CREDIT V/R FORD MOTOR CREDIT V/R 03/06/26 (United States) 03/06/26 (United States) 7.273 7.273 06/03/2026 06/03/2026 Corporate Corporate 0.7 0.7 DISH DBS CORP 5.25% DISH DBS CORP 5.25% 12/01/26 (United States) 12/01/26 (United States) 5.250 5.250 01/12/2026 01/12/2026 Corporate Corporate 0.7 0.7 Bond quality breakdown (%) BBB: 4.30% BBB: 4.30% Corporate Bonds: 97.74% Corporate Bonds: 97.74% < BBB: 93.45% < BBB: 93.45% Average duration: 3.11 yrs Average duration: 3.11 yrs Cash: 2.26% Cash: 2.26% Yield to maturity (USD): 7.35% Yield to maturity (USD): 7.35% Average maturity: 4.38 yrs Average maturity: 4.38 yrs Figures shown may not add up to 100 due to rounding. Figures shown may not add up to 100 due to rounding. Regions (%) 95.0 95.0 United States United States 3.1 3.1 Canada Canada 1.2 1.2 Luxembourg Luxembourg 0.3 0.3 Finland Finland 0.1 0.1 Italy Italy 0.1 0.1 Switzerland Switzerland 0.1 0.1 Spain Spain 0.1 0.1 Austria Austria 0.0 0.0 United Kingdom United Kingdom 0.0 0.0 France France 0.0 0.0 Japan Japan 0.0 0.0 Others Others Figures shown may not add up to 100 due to rounding. Figures shown may not add up to 100 due to rounding. Sectors (%) 19.1 19.1 Consumer Cyclicals Consumer Cyclicals 17.3 17.3 Communications Communications 15.6 15.6 Consumer Non Consumer Non --Cyclicals Cyclicals 13.2 13.2 Energy Energy 11.4 11.4 Capital Goods Capital Goods 7.6 7.6 Technology Technology 4.6 4.6 Basic Industry Basic Industry 2.7 2.7 Finance Finance 1.7 1.7 Utilities Utilities 1.3 1.3 Industrial Other Industrial Other 3.3 3.3 Other Other 2.3 2.3 Cash Cash Figures shown may not add up to 100 due to rounding. Figures shown may not add up to 100 due to rounding. Number of Holdings 373 373 Trading information Stock exchange Stock exchange Exchange ticker Exchange ticker Trading currency Trading currency Bloomberg ticker Bloomberg ticker Reuters RIC Reuters RIC SEDOL SEDOL London Stock Exchange London Stock Exchange JPYP JPYP GBP GBP JPYP LN JPYP LN JPJPYP.L JPJPYP.L BS600C1 BS600C1 n n n n n n n n n n n n n n n n n n n n n n n n > Page 2 of 3 | Factsheet | 31 March 2025 | 31 March 2025 Class: JPM USD High Yield Bond Active UCITS ETF Class: JPM USD High Yield Bond Active UCITS ETF --GBP Hedged (dist) GBP Hedged (dist) Before investing, obtain and review the current prospectus, Key Investor Information Document (KIID), and any applicable local offering document. These documents, as well as the sustainability -related disclosures, the annual and semi -annual reports and the articles of incorporation, are available in English from your financial adviser, your J.P. Morgan Asset Management regional contact, the fund ’s issuer (see below) or at https://am.jpmorgan.com/gb/en/asset -management/per/. A summary of investor rights is available in English at https://am.jpmorgan.com/lu/investor -rights . J.P. Morgan Asset Management may decide to terminate the arrangements made for the marketing of its collective investment undertakings. This material should not be considered as advice or an investment This material should not be considered as advice or an investment recommendation. Fund holdings and performance are likely to have recommendation. Fund holdings and performance are likely to have changed since the report date. changed since the report date. To the extent permitted by applicable law, we may record telephone To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset will be collected, stored and processed by J.P. Morgan Asset # Key risks The value of your investment may fall as well as rise and you may get back less than you originally invested. The value of debt securities may change significantly depending on economic and interest rate conditions as well as the credit worthiness of the issuer. Issuers of debt securities may fail to meet payment obligations or the credit rating of debt securities may be downgraded. These risks are typically increased for below investment grade debt securities which may also be subject to higher volatility and lower liquidity than investment grade debt securities. Convertible bonds are subject to the credit, interest rate and market risks associated with both debt and equity securities and to risks specific to convertible securities. Convertible bonds may also be subject to lower liquidity than the underlying equity securities. Contingent convertible debt securities are likely to be adversely impacted should specific trigger events occur (as specified in the contract terms of the issuing company). This may be as a result of the security converting to equities at a discounted share price, the value of the security being written down, temporarily or permanently, and/or coupon payments ceasing or being deferred. Emerging markets may be subject to increased political, regulatory and economic instability, less developed custody and settlement practices, poor transparency and greater financial risks. Emerging market and below investment grade debt securities may also be subject to higher volatility and lower liquidity than non -emerging market and investment grade debt securities respectively. Sustainability risk may materially negatively impact the financial condition or operating performance of an issuer and therefore the value of that investment. In addition, it may increase the Sub -Fund's volatility and/or magnify pre -existing risks to the Sub -Fund. The Sub -Fund seeks to provide a return above the Benchmark; however the Sub -Fund may underperform the Benchmark. Further information about risks can be found in the "Risk Information" section of the Prospectus. General Disclosures Management in accordance with our EMEA Privacy Management in accordance with our EMEA Privacy Policy Policy www.jpmorgan.com/emea www.jpmorgan.com/emea --privacy privacy --policy policy .. The risk indicator is based on the historic volatility of the Net Asset The risk indicator is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class. The risk reliable indication of the future risk profile of the Share Class. The risk and reward category shown above is not guaranteed to remain and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk risk rating does not mean a risk --free investment. See the Key free investment. See the Key Investor Information Document (KIID) for details. Investor Information Document (KIID) for details. The possible difference between the current ongoing charge as The possible difference between the current ongoing charge as stated in this document and those mentioned in the KIID, is caused stated in this document and those mentioned in the KIID, is caused by the fact that the costs mentioned in the KIID are an estimate by the fact that the costs mentioned in the KIID are an estimate based on the actual costs incurred over the past year. based on the actual costs incurred over the past year. Source: J.P. Morgan Asset Management. Share class performance is Source: J.P. Morgan Asset Management. Share class performance is shown based on the NAV (net asset value) of the share class with shown based on the NAV (net asset value) of the share class with income (gross) reinvested including actual ongoing charges income (gross) reinvested including actual ongoing charges excluding any entry and exit fees. Performance is shown based on excluding any entry and exit fees. Performance is shown based on the NAV which may not be the same as the market price of the ETF. the NAV which may not be the same as the market price of the ETF. Individual shareholders may realise returns that are different to the Individual shareholders may realise returns that are different to the NAV based returns. NAV based returns. The return of your investment may change as a result of currency The return of your investment may change as a result of currency fluctuations if your investment is made in a currency other than that fluctuations if your investment is made in a currency other than that used in the past performance calculation. used in the past performance calculation. Indices do not include fees or operating expenses and you cannot Indices do not include fees or operating expenses and you cannot invest in them. invest in them. The benchmark is for comparative purposes only unless specifically The benchmark is for comparative purposes only unless specifically referenced in the Sub referenced in the Sub --Funds' Investment Objective and Policy. Funds' Investment Objective and Policy. Fund information, including performance calculations and other Fund information, including performance calculations and other data, is provided by J.P. Morgan Asset Management (the marketing data, is provided by J.P. Morgan Asset Management (the marketing name for the asset management businesses of JPMorgan Chase & name for the asset management businesses of JPMorgan Chase & Co. and its affiliates worldwide). Co. and its affiliates worldwide). All data is as at the document date unless indicated otherwise. ©© 2025 Morningstar. All Rights Reserved. The information contained 2025 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. for any damages or losses arising from any use of this information. JPMorgan Asset Management (UK) Limited Registered address: 25 JPMorgan Asset Management (UK) Limited Registered address: 25 Bank Street, Canary Wharf, London E14 5JP, United Kingdom. Bank Street, Canary Wharf, London E14 5JP, United Kingdom. Authorised and regulated by the Financial Conduct Authority. Authorised and regulated by the Financial Conduct Authority. Registered in England No. 01161446. Registered in England No. 01161446. JPMorgan Asset Management (Europe) S.à r.l., 6, route de Trèves, L JPMorgan Asset Management (Europe) S.à r.l., 6, route de Trèves, L -- 2633 Senningerberg, Luxembourg. B27900, corporate capital EUR 2633 Senningerberg, Luxembourg. B27900, corporate capital EUR 10.000.000.The Sub 10.000.000.The Sub --Fund is authorised in Ireland and regulated by Fund is authorised in Ireland and regulated by the Central Bank of Ireland. the Central Bank of Ireland. NAV Net Asset Value of a fund Net Asset Value of a fund ’’s assets less its liabilities per Share. s assets less its liabilities per Share. Performance information Information Sources Regional Contact Issuer Definitions > Page 3 of 3 | Factsheet | 31 March 2025 | 31 March 2025 Class: JPM USD High Yield Bond Active UCITS ETF Class: JPM USD High Yield Bond Active UCITS ETF --GBP Hedged (dist) GBP Hedged (dist) 09ns212809150855