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This document provides you with key investor information about this Key Investor Information

fund. It is not marketing material. The information is required by law to

help you understand the nature and the risks of investing in this fund.

You are advised to read it so you can make an informed decision about

whether to invest.

JPMorgan ETFs (Ireland) ICAV ISIN: IE0002WLH200 JPM USD High Yield Bond Active UCITS ETF - GBP Hedged (dist) a Share Class of JPMorgan ETFs (Ireland) ICAV – USD High Yield Bond Active UCITS ETF. The management company is JPMorgan Asset Management (Europe) S.à r.l. Objectives and Investment Policy Investment Objective: The objective of the Sub-Fund is to achieve a long- composition and risk characteristics of its Benchmark; however, the term return in excess of the Benchmark by actively investing primarily in a

Investment Manager's discretion may result in performance that differs portfolio of USD-denominated below investment grade corporate debtfrom the Benchmark. securities.

The Sub-Fund will not seek to track the performance of or replicate the Investment Policy: The Sub-Fund pursues an actively-managed

Benchmark, rather the Sub-Fund will hold a portfolio of debt securities investment strategy.

(which may include but will not be limited to the Benchmark Securities) The Sub-Fund aims to invest at least 67% of its assets (excluding assets

which are actively selected and managed with the aim of delivering an held for ancillary liquidity purposes) in USD-denominated below

investment performance which exceeds that of the Benchmark over the investment grade corporate debt securities from developed market

long-term. issuers.

The Sub-Fund will invest primarily in below investment grade corporate, The Sub-Fund may also invest in debt securities from emerging markets fixed or floating rate debt securities (bonds and notes), from developed to a limited extent.

market issuers. The Sub-Fund may also invest in debt securities from The Sub-Fund systematically includes ESG analysis in its investment

emerging markets (with the exception of Russia) to a limited extent. The decisions on at least 75% of non-investment grade securities and 90% of

Sub-Fund will invest primarily in securities listed or traded on Recognised investment grade securities purchased. Pursuant to the Investment Markets globally. Manager's ESG analysis, at least 51% of the Sub-Fund's Net Asset ValueThe Sub-Fund may, for efficient portfolio management purposes, use is invested in issuers with positive environmental and/or social

financial derivative instruments. characteristics (i.e. issuers which are aligned with the environmentalThe Investment Manager also integrates financially material and/or social characteristics that the Sub-Fund promotes) that follow environmental, social and governance ("ESG") issues as part of the Sub- good governance practices, as measured through the Investment Fund's investment process ("ESG Integration"). ESG Integration is the Manager's proprietary ESG scoring methodology and/or third party data.systematic inclusion of ESG issues in investment analysis and In addition to ESG Integration, as an SFDR Article 8 fund, the Sub-Fund

investment decisions with the goals of managing risk and improving promotes environmental and/or social characteristics. long-term returns. ESG Integration by itself focuses on financial The Sub-Fund also invests at least 10% of its Net Asset Value in

materiality and is therefore only part of a broader investment process. It Sustainable Investments, as defined under SFDR, contributing to

is only one of the factors alongside other factors that the Investment environmental or social objectives.

Manager considers in portfolio construction, including buying and selling The Investment Manager evaluates and applies values and norms based

securities. screening to implement exclusions on certain industries and issuers

USD is the base currency of the Sub-Fund. based on specific ESG criteria and/or minimum standards of business

This Share Class seeks to minimise the effect of currency fluctuations practice based on international norms. To support this screening, the between the Reference Currency of the Sub-Fund (USD) and the Investment Manager relies on third party provider(s) who identify an

Reference Currency of this Share Class (GBP). issuer's participation in or the revenue which they derive from activitiesRedemption and Dealing: Shares of the Sub-Fund are traded on one or that are inconsistent with the values and norms based screens. The list ofmore stock exchanges. Certain market makers and brokers may screens applied that may result in exclusions can be found on the Website subscribe and redeem Shares directly with JPMorgan ETFs (Ireland) ICAV, (www. jpmorganassetmanagement.ie).and are referred to as "Authorised Participants". Other investors who are The Investment Manager aims to outperform the Benchmark over a typicalnot Authorised Participants can purchase and sell Shares daily on a credit cycle (typically 5-7 years) through bottom-up, fundamental securityrecognised stock exchange or over-the-counter. selection.Benchmark: ICE BofA US High Yield Constrained Index. The Benchmark consists of USD-denominated high yield corporate bonds

Distribution Policy: This Share Class will normally pay dividends semi- from developed markets ("Benchmark Securities"). The Benchmark hasannually. been included as a point of reference against which the performance ofFor an explanation of some of the terms used in this document, please the Sub-Fund may be measured. The Sub-Fund will resemble the

visit the glossary on our website at www.jpmorganassetmanagement.ie.

Risk and Reward Profile Lower risk Higher risk

specific to convertible securities. Convertible bonds may also be Potentially lower rewardPotentially higher reward

subject to lower liquidity than the underlying equity securities.

B Contingent convertible debt securities are likely to be adversely impacted should specific trigger events occur (as specified in the 1

2

34

5

6

7

contract terms of the issuing company). This may be as a result of the The above rating is based on the historic volatility of the simulated Net

security converting to equities at a discounted share price, the value of Asset Value of this Share Class over the last five years and may not be a

the security being written down, temporarily or permanently, and/or reliable indication of the future risk profile of this Share Class. coupon payments ceasing or being deferred. The risk and reward category shown above is not guaranteed to remain

B Emerging markets may be subject to increased political, regulatory and unchanged and may change over time. economic instability, less developed custody and settlement practices, A Share Class with the lowest risk rating does not mean a risk-free poor transparency and greater financial risks. Emerging market and investment. below investment grade debt securities may also be subject to higher Why is this Share Class in this category? This Share Class is classified in volatility and lower liquidity than non-emerging market and investment category 4 because its simulated Net Asset Value has shown medium

grade debt securities respectively. fluctuations historically.B Sustainability risk may materially negatively impact the financial OTHER MATERIAL RISKScondition or operating performance of an issuer and therefore the B The value of your investment may fall as well as rise and you may get value of that investment. In addition, it may increase the Sub-Fund's volatility and/or magnify pre-existing risks to the Sub-Fund.back less than you originally invested.

B The Sub-Fund seeks to provide a return above the Benchmark; however B The value of debt securities may change significantly depending on the Sub-Fund may underperform the Benchmark.economic and interest rate conditions as well as the credit worthiness

B Further information about risks can be found in the "Risk Information"of the issuer. Issuers of debt securities may fail to meet paymentobligations or the credit rating of debt securities may be downgraded.

section of the Prospectus.These risks are typically increased for below investment grade debtB Movements in currency exchange rates can adversely affect the returnsecurities which may also be subject to higher volatility and lower

of your investment. The currency hedging used to minimise the effect ofliquidity than investment grade debt securities. currency fluctuations may not always be successful. Investors may B Convertible bonds are subject to the credit, interest rate and market have exposure to currencies other than the currency of their Sharerisks associated with both debt and equity securities and to risks

Class. Charges

One-off charges taken before or after you invest

B Investors who are not Authorised Participants may have to pay

brokerage commissions or other charges determined and imposed by

Entry charge

None

their brokers when buying or selling Shares on stock exchange(s).

Exit chargeNone

Information on charges can be obtained from your broker. Authorised

Participants dealing directly with JPMorgan ETFs (Ireland) ICAV will pay

This is the maximum that might be taken out of your money before it is

related transaction costs.

invested or before the proceeds of your investment are paid out. B Charges are used to pay the costs of running this Share Class,

Charges taken from this Share Class over a year

including the costs of marketing and distribution. These charges

Ongoing charge 0.45% reduce the potential growth of the investment. B The ongoing charge figure is estimated and is based on the expected

Charges taken from this Share Class under certain specific conditionstotal of charges. The UCITS' annual report for each financial year will

Performance feeNone

include detail on the exact charges made. B Further information about charges can be found in the "Fees and

Expenses" section of the Prospectus.

Past Performance B Past performance is not a guide to future performance.B Sub-Fund launch date: 2024. B There is insufficient performance data available to provide a chart ofB Share Class launch date: 2025.

annual past performance.

Practical Information Depositary: The depositary is Brown Brothers Harriman Trustee Services

The Sub-Fund is part of JPMorgan ETFs (Ireland) ICAV, an Irish collective (Ireland) Limited.

asset-management vehicle with segregated liability between sub-funds. Further Information: A copy of the Prospectus and the latest annual and JPMorgan ETFs (Ireland) ICAV consists of separate sub-funds, each of semi-annual financial report in English and certain other languages and which issues one or more Share Classes. This document is prepared for a the latest Net Asset Value are available free of charge upon request from

specific Share Class. The Prospectus and annual and semi- annual www.jpmorganassetmanagement.ie, by email from fundinfo@jpmorgan.financial reports are prepared for JPMorgan ETFs (Ireland) ICAV. com, or by writing to JPMorgan Asset Management (Europe) S.à r.l, 6 route

Switching: Switching of Shares from one Sub-Fund into Shares in another de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg. Portfolio

Sub-Fund is not permitted. Switching of Shares from one Share Class into disclosure policy of JPMorgan ETFs (Ireland) ICAV can be obtained at www.

another Share Class within the same Sub-Fund is also not permitted to jpmorganassetmanagement.ie. The latest prices of shares can be

investors trading on stock exchanges but may be available to the obtained from your broker.

Authorised Participants. Further information can be found in the Remuneration Policy: The Management Company's Remuneration Policy

Prospectus. can be found on http://www.jpmorganassetmanagement.lu/emea- Privacy Policy: You should note that, if you contact J.P. Morgan Asset remuneration-policy. This policy includes details of how remuneration

Management by telephone, those lines may be recorded and monitored and benefits are calculated, including responsibilities and composition for legal, security and training purposes. You should also take note that of the committee which oversees and controls the policy. A copy of this information and data from communications with you may be processed policy can be requested free of charge from the Management Company. by J.P. Morgan Asset Management, acting as a data controller, in Tax: The Sub-Fund is subject to Irish tax regulations. This may have an accordance with applicable data protection laws. Further information impact on the investor's personal tax position. about processing activities of J.P. Morgan Asset Management can be Legal Information: JPMorgan Asset Management (Europe) S.à r.l. may be

found in the EMEA Privacy Policy, which is available at www.jpmorgan. held liable solely on the basis of any statement contained in this

com/emea-privacy-policy. Additional copies of the EMEA Privacy Policy are document that is misleading, inaccurate or inconsistent with the relevant

available on request. parts of the Prospectus. The Sub-Fund is authorised in Ireland and regulated by the Central Bank of Ireland. JPMorgan Asset Management (Europe) S.à r.l. is authorised in Luxembourg and regulated by the CSSF. This Key Investor Information is accurate as at 10/02/2025