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: IE000VAZZYM3 JPM US Hedged Equity Laddered Overlay Active UCITS ETF - USD (acc) a Share Class of JPMorgan ETFs (Ireland) ICAV – US Hedged Equity Laddered Overlay 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 provide long- exposure related to each hedge period and will have flexibility to allocate term capital growth. the assets to a particular hedge period. Investment Policy: The Sub-Fund pursues an actively-managed The Benchmark consists of large capitalisation stocks issued by investment strategy. companies in the US ( ("Benchmark Securities"). The Benchmark has The Sub-Fund aims to (i) invest in a portfolio of equity securities been included as a point of reference against which the performance of comprising primarily of companies that are domiciled in, or carrying out the Sub-Fund may be measured and as it reflects the main investment the main part of their economic activity in the US, and (ii) purchase and universe for the Sub-Fund. The Sub-Fund will not seek to track the sell exchange-traded put options and sell exchange-traded call options, performance of or replicate the benchmark, rather the Sub-Fund will to provide a continuous market hedge for the portfolio. hold a portfolio of equity securities (which may include but will not be (i) Equity Portfolio limited to Benchmark Securities) which is actively selected and managed The Sub-Fund aims to invest at least 67% of its assets (excluding assets with the aim of contributing to the Sub-Fund's objective of providing an held for ancillary liquidity purposes) in equity securities issued by income. companies that are domiciled in, or carrying out the main part of their The Sub-Fund may, for investment purposes and efficient portfolio economic activity in the US. management purposes, use financial derivative instruments. The Sub-Fund may also invest in equity securities issued by companies The degree to which the Sub-Fund may resemble the composition from any other country. and risk characteristics of the Benchmark will vary over time and its (ii) Put and Call Options performance may be meaningfully different. Additionally, the Sub-Fund's The Investment Manager seeks to hedge overall market exposure relativeoverall market exposure may vary significantly from the Benchmark as a to traditional long-only equity strategy through employing an options result of its options overlay strategy. overlay strategy, which will be implemented by purchasing and selling USD is the base currency of the Sub-Fund. exchange-traded put options and selling exchange-traded call options. Redemption and Dealing: Shares of the Sub-Fund are traded on one or The options will typically be based on the Benchmark. more stock exchanges. Certain market makers and brokers may In implementing the options overlay strategy, the Sub-Fund seeks to subscribe and redeem Shares directly with JPMorgan ETFs (Ireland) ICAV, provide "laddered" exposure. To do this, the Sub-Fund typically holds and are referred to as "Authorised Participants". Other investors who are options for multiple (normally) three-month periods (each, a "hedge not Authorised Participants can purchase and sell Shares daily on a period") staggered a month apart for the purpose of seeking to providerecognised stock exchange or over-the-counter. lower volatility in any market cycle. Laddered investing refers to theBenchmark: S&P 500 (Total Return Net).. implementation of the strategy with different hedge periods, with the goal of mitigating potential risks associated with only one hedge period. Distribution Policy: This Share Class will not pay dividends. The Investment Manager will have discretion to determine the amount ofFor an explanation of some of the terms used in this document, please visit the glossary on our website at www.jpmorganassetmanagement.ie. Risk and Reward Profile Lower risk Higher riskOTHER MATERIAL RISKS Potentially lower rewardPotentially higher reward B The value of your investment may fall as well as rise and you may get back less than you originally invested. 1 2 34 5 6 7B The value of equity securities may go down as well as up in response to the performance of individual companies and general market The above rating is based on the historic volatility of the simulated Net conditions, sometimes rapidly or unpredictably. If a company goes Asset Value of this Share Class over the last five years and may not be a through bankruptcy or a similar financial restructuring, its shares in reliable indication of the future risk profile of this Share Class. issue typically lose most or all of their value. The risk and reward category shown above is not guaranteed to remain B The value of FDIs can be volatile. This is because a small movement in unchanged and may change over time. the value of the underlying asset can cause a large movement in the A Share Class with the lowest risk rating does not mean a risk-free value of the FDI and therefore, investment in such instruments may investment. result in losses in excess of the amount invested by the Sub-Fund. Why is this Share Class in this category? This Share Class is classified in B While the Sub-Fund uses an options overlay strategy which is intended category 6 because its simulated Net Asset Value has shown high to provide a continuous market hedge for the portfolio, there is no fluctuations historically. guarantee that the strategy will achieve this. The "laddered" component of the strategy is designed to mitigate potential risks associated with only one hedge period, but there is no guarantee that the Investment Manager will be able to do so successfully. B Selling call options will create exposure for the Sub-Fund, as it may have to deliver the underlying securities or their value and, should the market move unfavourably, this may result in an unlimited loss. B For put options, if the overall market experiences a significant downturn, the value of relevant index may decline sharply and substantial losses could be incurred. The Sub-Fund's financial liability is therefore linked to the value of the underlying index. B REITs and real estate related investments are subject to the risks associated with the ownership of real estate which may expose the relevant Sub-Fund to increased liquidity risk, price volatility and losses due to changes in economic conditions and interest rates. B 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. B Further information about risks can be found in the "Risk Information" section of the Prospectus 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 chargeNone their brokers when buying or selling Shares on stock exchange(s). Exit charge None 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 0.50%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 conditions total of charges. The UCITS' annual report for each financial year will Performance fee None 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: 2025. 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 found in the EMEA Privacy Policy, which is available at www.jpmorgan. Legal Information: JPMorgan Asset Management (Europe) S.à r.l. may be com/emea-privacy-policy. Additional copies of the EMEA Privacy Policy are held liable solely on the basis of any statement contained in this available on request. document that is misleading, inaccurate or inconsistent with the relevant 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 12/02/2026