*This document provides you with key investor information about this fund. It Key Investor Information

is not marketing material. The information is required by law to help youunderstand the nature and the risks of investing in this fund. You areadvised to read it so you can make an informed decision about whether toinvest.

JPMorgan ETFs (Ireland) ICAVISIN: IE000TGCBXG8 JPM Emerging Markets Local Currency Bond Active UCITS ETF - USD (acc) a Share Class of JPMorgan ETFs (Ireland) ICAV – Emerging Markets Local Currency 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-term

against which the performance of the Sub-Fund may be measured. The return in excess of J.P. Morgan GBI-EM Global Diversified (Total Return Gross) Sub-Fund will resemble the composition and risk characteristics of its ("the Benchmark") by actively investing primarily in emerging market local Benchmark; however, the Investment Manager's discretion may result in currency debt securities, using financial derivative instruments to gain

performance that differs from the Benchmark. exposure to underlying assets, where appropriate.

The Sub-Fund will not seek to track the performance of or replicate the Investment Policy: The Sub-Fund pursues an actively-managed investment Benchmark, rather the Sub-Fund will hold a portfolio of debt securities 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 held

which are actively selected and managed with the aim of delivering an for ancillary liquidity purposes), in debt securities issued or guaranteed by

investment performance which exceeds that of the Benchmark over the emerging market governments or their agencies and by companies that arelong-term. domiciled, or carrying out the main part of their economic activity, in an The Sub-Fund will invest primarily in debt securities, including bonds and emerging market country, either directly or through the use of financial

notes, issued or guaranteed by emerging market governments or their derivative instruments ("FDI"). Investments may be denominated in any

agencies and by companies that are domiciled, or carrying out the main currency however at least 67% will be denominated in an emerging marketpart of their economic activity, in an emerging market country. The Sub-Fund currency, and currency exposure in the Sub-Fund will be actively managed.

may also invest in debt securities from developed markets. The Sub-Fund will The Sub-Fund systematically includes ESG analysis in its investmentinvest primarily in securities listed or traded on Recognised Markets globally. decisions on at least 75% of non-investment grade and emerging market

The Sub-Fund may invest in onshore debt securities issued within the PRC sovereign securities and 90% of investment grade securities purchased. through the China-Hong Kong Bond Connect ("Bond Connect") and/or the Pursuant to the Investment Manager's ESG analysis, at least 51% of the Sub-China Interbank Bond Market (the "CIBM"). The Sub-Fund may also invest Fund's Net Asset Value is invested in issuers with positive environmental

directly in Indian debt securities as a foreign portfolio investor ("FPI"). and/or social characteristics (i.e. issuers which are aligned with the The Sub-Fund may, for efficient portfolio management and investment environmental and/or social characteristics that the Sub-Fund promotes)purposes, use financial derivative instruments. that follow good governance practices, as measured through the Investment

The Investment Manager also integrates financially material environmental, Manager's proprietary ESG scoring methodology and/or third party data. social and governance ("ESG") issues as part of the Sub-Fund's investment As an SFDR Article 8 fund, the Sub-Fund goes beyond ESG Integration andprocess ("ESG Integration"). ESG Integration is the systematic inclusion of promotes environmental and/or social characteristics.

ESG issues in investment analysis and investment decisions with the goals of The Sub-Fund also invests at least 10% of its Net Asset Value in Sustainable

managing risk and improving long-term returns. ESG Integration by itself Investments, as defined under SFDR, contributing to environmental or socialfocuses on financial materiality and is therefore only part of a broader objectives.investment process. It is only one of the factors alongside other factors that The Investment Manager evaluates and applies values and norms basedthe Investment Manager considers in portfolio construction, including buying screening to implement exclusions on certain industries and issuers based

and selling securities on specific ESG criteria and/or minimum standards of business practice USD is the base currency of the Sub-Fund. based on international norms. To support this screening, the InvestmentRedemption and Dealing: Shares of the Sub-Fund are traded on one or more Manager relies on third party provider(s) who identify an issuer's stock exchanges. Certain market makers and brokers may subscribe and participation in or the revenue which they derive from activities that are redeem Shares directly with JPMorgan ETFs (Ireland) ICAV, and are referred inconsistent with the values and norms based screens. The list of screens

to as "Authorised Participants". Other investors who are not Authorised applied that may result in exclusions can be found on the Website (www.Participants can purchase and sell Shares daily on a recognised stock jpmorganassetmanagement.ie).

exchange or over-the-counter. The Sub-Fund is actively managed and will seek to outperform the

Benchmark: J.P. Morgan GBI-EM Global Diversified (Total Return Gross). Benchmark over the long-term. The Benchmark consists of local currency Distribution Policy: This Share Class will not pay dividends. denominated government bonds in global emerging markets ("BenchmarkFor an explanation of some of the terms used in this document, please visit Securities"). The Benchmark has been included as a point of reference

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

Risk and Reward Profile Lower risk

Higher risk also be subject to higher volatility and lower liquidity than investment Potentially lower reward

Potentially higher reward

grade debt securities.B The credit worthiness of unrated debt securities is not measured by

reference to an independent credit rating agency. Distressed debt

1

2

3

4

5

6

7

securities carry a high risk of loss, as the issuers are either in severe The above rating is based on the historic volatility of the simulated Net Asset

financial distress or in bankruptcy. Value of this Share Class over the last five years and may not be a reliable

B Contingent convertible debt securities are likely to be adversely impacted indication of the future risk profile of this Share Class.

should specific trigger events occur (as specified in the contract terms of The risk and reward category shown above is not guaranteed to remain the issuing company). This may be as a result of the security converting to unchanged and may change over time.

equities at a discounted share price, the value of the security being written A Share Class with the lowest risk rating does not mean a risk-free

down, temporarily or permanently, and/or coupon payments ceasing or investment.

being deferred.B Emerging markets may be subject to increased political, regulatory and Why is this Share Class in this category? This Share Class is classified in category 5 because its simulated Net Asset Value has shown medium to higheconomic instability, less developed custody and settlement practices, fluctuations historically.

poor transparency and greater financial risks. Emerging market and below

investment grade debt securities may also be subject to higher volatility OTHER MATERIAL RISKS B The value of your investment may fall as well as rise and you may get back and lower liquidity than non-emerging market and investment grade debtless than you originally invested.securities respectively.B Investment in onshore debt securities issued within the PRC through Bond B Government debt securities, including those issued by local governmentsand government agencies, are subject to market risk, interest rate risk and

Connect are subject to regulatory change and operational constraintscredit risk. Governments may default on their sovereign debt and holders

which may result in increased counterparty risk.B Sustainability risk may materially negatively impact the financial conditionof sovereign debt (including the Sub-Fund) may be requested to

or operating performance of an issuer and therefore the value of thatparticipate in the rescheduling of such debt and to extend further loans

investment. In addition, it may increase the Sub-Fund's volatility and/orto governmental entities B The value of debt securities may change significantly depending on magnify pre-existing risks to the Sub-Fund.B The Sub-Fund seeks to provide a return above the Benchmark; howevereconomic and interest rate conditions as well as the credit worthiness of

the Sub-Fund may underperform the Benchmark.the issuer. Issuers of debt securities may fail to meet payment obligations B Further information about risks can be found in the "Risk Information"or the credit rating of debt securities may be downgraded. These risks aresection of the Prospectus.typically increased for below investment grade debt securities which may Charges

B Investors who are not Authorised Participants may have to pay brokerage

One-off charges taken before or after you investcommissions or other charges determined and imposed by their brokers

Entry charge None when buying or selling Shares on stock exchange(s). Information on

Exit charge

None charges can be obtained from your broker. Authorised Participantsdealing directly with JPMorgan ETFs (Ireland) ICAV will pay related

This is the maximum that might be taken out of your money before it istransaction 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, includingthe costs of marketing and distribution. These charges reduce the

Charges taken from this Share Class over a yearpotential growth of the investment.

Ongoing charge

0.45%

B The ongoing charge figure is estimated and is based on the expected totalof charges. The UCITS' annual report for each financial year will include

Charges taken from this Share Class under certain specific conditionsdetail on the exact charges made.

Performance fee

None

B Further information about charges can be found in the "Fees andExpenses" section of the Prospectus.

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

annual past performance.

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

misleading, inaccurate or inconsistent with the relevant parts of the (Ireland) Limited.

Prospectus. Further Information: A copy of the Prospectus and the latest annual and

The Sub-Fund is part of JPMorgan ETFs (Ireland) ICAV, an Irish collective semi-annual financial report in English and certain other languages and the

asset-management vehicle with segregated liability between sub-funds. latest Net Asset Value are available free of charge upon request from www.

JPMorgan ETFs (Ireland) ICAV consists of separate sub-funds, each of which jpmorganassetmanagement.ie, by email from fundinfo@jpmorgan.com, or

issues one or more Share Classes. This document is prepared for a specific by writing to JPMorgan Asset Management (Europe) S.à r.l, 6 route de Trèves, Share Class. The Prospectus and annual and semi- annual financial reports L-2633 Senningerberg, Grand Duchy of Luxembourg. Portfolio disclosureare prepared for JPMorgan ETFs (Ireland) ICAV. policy of JPMorgan ETFs (Ireland) ICAV can be obtained at www.

Switching: Switching of Shares from one Sub-Fund into Shares in another jpmorganassetmanagement.ie. The latest prices of shares can be obtained

Sub-Fund is not permitted. Switching of Shares from one Share Class into from your broker.another Share Class within the same Sub-Fund is also not permitted to Remuneration Policy: The Management Company's Remuneration Policy caninvestors trading on stock exchanges but may be available to the Authorised be

found

on

http://www.jpmorganassetmanagement.lu/emea-

Participants. Further information can be found in the Prospectus. remuneration-policy. This policy includes details of how remuneration andPrivacy Policy: You should note that, if you contact J.P. Morgan Asset benefits are calculated, including responsibilities and composition of the

Management by telephone, those lines may be recorded and monitored for committee which oversees and controls the policy. A copy of this policy can

legal, security and training purposes. You should also take note that be requested free of charge from the Management Company. information and data from communications with you may be processed by Tax: The Sub-Fund is subject to Irish tax regulations. This may have an impact

J.P. Morgan Asset Management, acting as a data controller, in accordance on the investor's personal tax position. with applicable data protection laws. Further information about processing Legal Information: JPMorgan Asset Management (Europe) S.à r.l. may be held

activities of J.P. Morgan Asset Management can be found in the EMEA Privacy liable solely on the basis of any statement contained in this document that is

Policy, which is available at www.jpmorgan.com/emea-privacy-policy.

Additional copies of the EMEA Privacy Policy are available on request. 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