* 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: IE000LZI2UH4 JPM USD High Yield Bond Active UCITS ETF - USD (acc) 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- been included as a point of reference against which the performance of term return in excess of the Benchmark by actively investing primarily in a the Sub-Fund may be measured. The Sub-Fund will resemble the portfolio of USD-denominated below investment grade corporate debtcomposition and risk characteristics of its Benchmark; however, the securities. Investment Manager's discretion may result in performance that differs Investment Policy: The Sub-Fund pursues an actively-managed from the Benchmark. investment strategy. The Sub-Fund will not seek to track the performance of or replicate the The Sub-Fund aims to invest at least 67% of its assets (excluding assets Benchmark, rather the Sub-Fund will hold a portfolio of debt securities held for ancillary liquidity purposes) in USD-denominated below (which may include but will not be limited to the Benchmark Securities) investment grade corporate debt securities from developed market which are actively selected and managed with the aim of delivering an issuers. investment performance which exceeds that of the Benchmark over the The Sub-Fund may also invest in debt securities from emerging markets long-term. to a limited extent. The Sub-Fund will invest primarily in below investment grade corporate, The Sub-Fund systematically includes ESG analysis in its investment fixed or floating rate debt securities (bonds and notes), from developed decisions on at least 75% of non-investment grade securities and 90% of market issuers. The Sub-Fund may also invest in debt securities from investment grade securities purchased. Pursuant to the Investment emerging markets (with the exception of Russia) to a limited extent. The Manager's ESG analysis, at least 51% of the Sub-Fund's Net Asset ValueSub-Fund will invest primarily in securities listed or traded on Recognised is invested in issuers with positive environmental and/or social Markets globally. characteristics (i.e. issuers which are aligned with the environmentalThe Sub-Fund may, for efficient portfolio management purposes, use and/or social characteristics that the Sub-Fund promotes) that follow financial derivative instruments. good governance practices, as measured through the Investment The Investment Manager also integrates financially material Manager's proprietary ESG scoring methodology and/or third party data.environmental, social and governance ("ESG") issues as part of the Sub- In addition to ESG Integration, as an SFDR Article 8 fund, the Sub-Fund Fund's investment process ("ESG Integration"). ESG Integration is the promotes environmental and/or social characteristics. systematic inclusion of ESG issues in investment analysis and The Sub-Fund also invests at least 10% of its Net Asset Value in investment decisions with the goals of managing risk and improving Sustainable Investments, as defined under SFDR, contributing to long-term returns. ESG Integration by itself focuses on financial environmental or social objectives. materiality and is therefore only part of a broader investment process. It The Investment Manager evaluates and applies values and norms based is only one of the factors alongside other factors that the Investment screening to implement exclusions on certain industries and issuers Manager considers in portfolio construction, including buying and selling based on specific ESG criteria and/or minimum standards of business securities. practice based on international norms. To support this screening, the USD is the base currency of the Sub-Fund. Investment Manager relies on third party provider(s) who identify an Redemption and Dealing: Shares of the Sub-Fund are traded on one or issuer's participation in or the revenue which they derive from activitiesmore stock exchanges. Certain market makers and brokers may that are inconsistent with the values and norms based screens. The list ofsubscribe and redeem Shares directly with JPMorgan ETFs (Ireland) ICAV, screens applied that may result in exclusions can be found on the Website and are referred to as "Authorised Participants". Other investors who are (www. jpmorganassetmanagement.ie).not Authorised Participants can purchase and sell Shares daily on a The Investment Manager aims to outperform the Benchmark over a typicalrecognised stock exchange or over-the-counter. credit cycle (typically 5-7 years) through bottom-up, fundamental securityBenchmark: ICE BofA US High Yield Constrained Index. selection.Distribution Policy: This Share Class will not pay dividends. The Benchmark consists of USD-denominated high yield corporate bonds For an explanation of some of the terms used in this document, please from developed markets ("Benchmark Securities"). The Benchmark hasvisit the glossary on our website at www.jpmorganassetmanagement.ie. Risk and Reward Profile Lower risk Higher riskB Convertible bonds are subject to the credit, interest rate and market Potentially lower rewardPotentially higher reward risks associated with both debt and equity securities and to risks specific to convertible securities. Convertible bonds may also be 1 2 34 5 6 7 subject to lower liquidity than the underlying equity securities. B Contingent convertible debt securities are likely to be adversely The above rating is based on the historic volatility of the simulated Net impacted should specific trigger events occur (as specified in the Asset Value of this Share Class over the last five years and may not be a contract terms of the issuing company). This may be as a result of the reliable indication of the future risk profile of this Share Class. security converting to equities at a discounted share price, the value of The risk and reward category shown above is not guaranteed to remainthe security being written down, temporarily or permanently, and/or unchanged and may change over time. coupon payments ceasing or being deferred. A Share Class with the lowest risk rating does not mean a risk-free B Emerging markets may be subject to increased political, regulatory and investment. economic instability, less developed custody and settlement practices, Why is this Share Class in this category? This Share Class is classified in poor transparency and greater financial risks. Emerging market and category 4 because its simulated Net Asset Value has shown medium below investment grade debt securities may also be subject to higher fluctuations historically. volatility and lower liquidity than non-emerging market and investment OTHER MATERIAL RISKSgrade debt securities respectively. B The value of your investment may fall as well as rise and you may get B Sustainability risk may materially negatively impact the financialback less than you originally invested. condition or operating performance of an issuer and therefore the B The value of debt securities may change significantly depending onvalue of that investment. In addition, it may increase the Sub-Fund'seconomic and interest rate conditions as well as the credit worthiness volatility and/or magnify pre-existing risks to the Sub-Fund.of the issuer. Issuers of debt securities may fail to meet payment B The Sub-Fund seeks to provide a return above the Benchmark; howeverobligations or the credit rating of debt securities may be downgraded. the Sub-Fund may underperform the Benchmark.These risks are typically increased for below investment grade debtB Further information about risks can be found in the "Risk Information"securities which may also be subject to higher volatility and lower section of the Prospectus.liquidity than investment grade debt securities. 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: 2024. 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