MARKETING COMMUNICATION | Factsheet | 31 January 2025 Risk and Reward Profile Lower RiskHigher Risk Potentially lower reward Potentially higher reward JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income UCITS ETF Class: JPM USD Ultra-Short Income UCITS ETF - USD (dist) Fund overview Fund ratings As at 31 January 2025 ISIN Overall Morningstar Rating™ IE00BDFC6Q91 Morningstar Category™ USD Ultra Short-Term Bond Investment objective: The Sub Sub--Fund aims to provide current income while seeking to maintain a low volatility of principal. Performance Investment policy: The SubSub--Fund pursues an actively actively--managed 1 Class: JPM USD UltraUltra--Short Income UCITS ETF - USD (dist) investment strategy. 2 Benchmark: ICE BofA US 33--Month Treasury Bill Index Investment approach Growth of USD 100,000 Calendar years l Dollar--denominated, short Invests primarily in investment grade, U.S. Dollar term fixed, variable and floating rate debt securities. l Actively manages credit and duration exposure and targets a duration of one year or less. l Selects individual securities after performing a risk/reward analysis that includes an evaluation of their characteristics including income, interest rate risk, credit risk, ESG profile and legal and technical structure. l Applies values and norms based screening and implements minimum investment thresholds on companies with positive ESG characteristics. Sub--Fund are expected to be Investor profile: Typical investors in the Sub 31 Jan 202031 Jan 2025 investors who want to take broad market exposure to short duration debt Quarterly rolling 12-month performance (%) securities and who are looking for potentially higher returns than a As at end of December 2024 money market fund and are prepared to incur a higher level of risk in order to achieve this, including the volatility of investments in such debt 2019/2020 2020/20212021/2022 2022/20232023/2024 securities.2.30 0.09 1.07 5.06 5.550.67 0.05 1.47 5.05 5.25 Calendar Year Performance (%) Portfolio manager(s)Fund assets Domicile Ireland 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 James McNerny USD 587.5m Shares outstanding---- 3.41 2.30 0.09 1.07 5.06 5.55 David Martucci Fund launch 1,156,520 ---- 2.28 0.67 0.05 1.47 5.05 5.25 Cecilia Junker 15 Feb 2018 UK reporting status Kyongsoo Noh Return (%) NAV USD 101.2529 Yes Fund reference Cumulative Annualised currency USDClass launch Ongoing charge 0.18% 1 month 3 months 1 yearYTD 3 years 5 years Launch 15 Feb 2018 Securities Lending No Share class 0.41 1.16 5.42 0.41 4.05 2.82 2.84 currency USD 0.37 1.16 5.19 0.37 4.04 2.52 2.41 ESG information ESG approach - ESG Promote Performance Disclosures Promotes environmental and / or social characteristics. Past performance is not a guide to current and future performance. SFDR classification: Article 8The value of your investments and any income from them may fall "Article 8" strategies promote social and/or environmentalas well as rise and you may not get back the full amount you characteristics, but do not have sustainable investing as a core objective.invested. ESG For more information on our approach to sustainable investing at J.P. Morgan Asset Management please visit https://am.jpmorgan.com/lu/esg Page 2 of 3 | Factsheet | 31 January 2025 Class: JPM USD UltraUltra--Short Income UCITS ETF - USD (dist) Dividend History Mth Bond quality breakdown (%) Payment Annualised Amount Record Date Dividend Corporate Bonds: 65.22% Date yield Yield Average duration: 0.85 yrs $0.3739 09 Aug 2024 09 Sep 2024 0.37 %4.53 % Yield to maturity: 4.73% $0.5626 15 Nov 2024 06 Dec 2024 0.56 %6.89 % Average maturity: 0.93 yrs $0.4162 13 Dec 2024 08 Jan 2025 0.41 %5.06 % Average Coupon: 3.98% $0.3191 17 Jan 2025 07 Feb 2025 0.32 %3.86 % $0.3889 14 Feb 2025 07 Mar 2025 0.38 %4.72 % Figures shown may not add up to 100 due to rounding. Portfolio analysis Regions (%) Measurement 3 years5 years n 56.9 United States Correlation 0.81 0.37 n 10.8 Canada Alpha (%) 0.01 0.29 Beta1.22 0.71 n 5.4 United Kingdom Annualised volatility (%) 0.79 1.32 n 4.9 France Sharpe ratio -0.27 0.16 Tracking error (%) 0.47 1.24 n 3.9 Japan Information ratio 0.03 0.24 n 3.1 Australia n 2.7 Netherlands Holdings n 2.4 Germany Maturity %of TOP 10 Sector n 1.3 Sweden date assets ABN Amro Bankn 1.2 Denmark Corporate 18/09/2027 1.2 (Netherlands) n 1.1 Switzerland Nippon Telegraph And Corporate 03/04/2026 1.2 n 6.3 Telephone (Japan) Others Equity Residential (United Commercial Paper 03/02/2025 1.0Figures shown may not add up to 100 due to rounding. States) Sysco (United States)Commercial Paper 03/02/2025 1.0 Cencora (United States) Commercial Paper 03/02/2025 1.0Sectors (%) Schlumberger n 65.2 Corporate Commercial Paper 27/02/2025 1.0 (Luxembourg) n 22.1 Money Market Instruments New York Life Insurance Corporate 05/02/2027 0.9 n 0.8 Government (United States) Nova Scotia Bank n 0.7 Securitized Corporate 12/06/2025 0.9 (Canada) National Bank of Canada n 0.1 NonNon--Corporate Credit Corporate 02/07/2027 0.8 (Canada) n 0.1 Covered Bond Brookfield (Canada) Commercial Paper 25/03/2025 0.7 n 10.9 CashFigures shown may not add up to 100 due to rounding. Number of Holdings393 Trading information Stock exchange Exchange ticker Trading currency Bloomberg ticker Reuters RIC SEDOL London Stock Exchange JPST USDJPST LNJPST.L BF4Z362 London Stock Exchange JPTS GBPJPTS LNJPTS.L BF4Z373 Borsa Italiana JPST EURJPST IMJPST.MI BF8Q2Z3 Deutsche Borse JPPS EURJPPS GYJPPS.DE BF8Q2Y2 Six Swiss Exchange JPST USDJPST SWJPST.S BF8Q361 Page 3 of 3 | Factsheet | 31 January 2025 Class: JPM USD Ultra Ultra--Short Income UCITS ETF - USD (dist) The return of your investment may change as a result of currency Key risksfluctuations if your investment is made in a currency other than that The value of your investment may fall as well as rise and you may getused in the past performance calculation. back less than you originally invested. Indices do not include fees or operating expenses and you cannot The value of debt securities may change significantly depending on invest in them. economic and interest rate conditions as well as the credit The benchmark is for comparative purposes only unless specifically worthiness of the issuer. Issuers of debt securities may fail to meetreferenced in the SubSub-- Funds' Investment Objective and Policy. payment obligations or the credit rating of debt securities may beDividend income shown is gross of any applicable tax. downgraded. These risks are typically increased for below investment grade debt securities which may also be subject to higher volatility Information Sources and lower liquidity than investment grade debt securities. The creditFund information, including performance calculations and other worthiness of unrated debt securities is not measured by reference todata, is provided by J.P. Morgan Asset Management (the marketing an independent credit rating agency. name for the asset management businesses of JPMorgan Chase & Asset-backed, collateralised loan obligations and mortgage-backedCo. and its affiliates worldwide). securities may be less liquid than other securities in which the Sub-All data is as at the document date unless indicated otherwise. Fund will invest, subject to adverse changes to interest rates and to© 2025 Morningstar. All Rights Reserved. The information contained the risk that the payment obligations relating to the underlying assets herein: (1) is proprietary to Morningstar; (2) may not be copied or are not met. distributed; and (3) is not warranted to be accurate, complete or Exclusion of issuers that do not meet certain ESG criteria from the timely. Neither Morningstar nor its content providers are responsible Sub-Fund's investment universe may cause the Sub-Fund to perform for any damages or losses arising from any use of this information. differently compared to similar funds that do not have such a policy.Benchmark source: The index data referenced herein is the property The Sub-Fund may be concentrated in the banking industry and in theof Merrill Lynch, Pierce, Fenner & Smith Incorporated (BofAML) and/or US sectors, markets and/or currency. As a result, the Sub-Fund mayits licensors and has been licensed for use by JP Morgan Chase be more volatile than more broadly diversified funds.Bank N.A. BofAML and its licensors accept no liability in connection Further information about risks can be found in the "Risk Information"with its use. section of the Prospectus.Regional ContactJPMorgan Asset Management (UK) Limited Registered address: 25 General DisclosuresBank Street, Canary Wharf, London E14 5JP, United Kingdom. Before investing, obtain and review the current prospectus, Authorised and regulated by the Financial Conduct Authority. Key Investor Information Document (KIID), and any applicable localRegistered in England No. 01161446. offering document. These documents, as well as theIssuer sustainability-related disclosures, the annual and semi-annual reports and the articles of incorporation, are available in English JPMorgan Asset Management (Europe) S.à r.l., 6, route de Trèves, L L-- from your financial adviser, your J.P. Morgan Asset Management2633 Senningerberg, Luxembourg. B27900, corporate capital EUR regional contact, the fund’s issuer (see below) or at 10.000.000.The SubSub-- Fund is authorised in Ireland and regulated by https://am.jpmorgan.com/gb/en/asset-management/per/. Athe Central Bank of Ireland. summary of investor rights is available in English at https://am.jpmorgan.com/lu/investor-rights. J.P. MorganDefinitions Asset Management may decide to terminate the arrangements made for the marketing of its collective investment undertakings. NAV Net Asset Value of a fundfund’’s assets less its liabilities per Share. This material should not be considered as advice or an investment Overall Morningstar Rating™ assessment of a fund fund’’s past recommendation. Fund holdings and performance are likely to have performance, based on both return and risk and shows how similar changed since the report date.investments compare with their competitors. Investment decisions To the extent permitted by applicable law, we may record telephoneshould not be based on a high rating alone. calls and monitor electronic communications to comply with ourCorrelation measures the strength and direction of the relationship legal and regulatory obligations and internal policies. Personal data between movements in fund and benchmark returns. A correlation will be collected, stored and processed by J.P. Morgan Asset of 1.00 indicates that fund and benchmark returns move in lockstep Management in accordance with our EMEA Privacyin the same direction. www.jpmorgan.com/emea-- privacy Policy www.jpmorgan.com/emeapolicy..privacy-- policyAlpha (%) a measure of excess return generated by a manager The risk indicator is based on the historic volatility of the Net Asset compared to the benchmark. An alpha of 1.00 indicates that a fund Value of the Share Class over the last five years and may not be ahas outperformed its benchmark by 1%. reliable indication of the future risk profile of the Share Class. The risk Beta measures a fundfund’’s sensitivity to market movements (as and reward category shown above is not guaranteed to remain fund’’s benchmark). A beta of 1.10 suggests therepresented by the fund unchanged and may change over time. A Share Class with the lowest fund could perform 10% better than the benchmark in up marketsrisk-- free investment. See the Key risk rating does not mean a risk and 10% worse in down markets, assuming all other factors remain Investor Information Document (KIID) for details. constant. Usually the higher betas represent riskier investments.Annualised volatility (%) measures the extent to which returns vary The possible difference between the current ongoing charge as up and down over a given period. stated in this document and those mentioned in the KIID, is causedSharpe ratio performance of an investment adjusting for the by the fact that the costs mentioned in the KIID are an estimate amount of risk taken (compared a risk risk-- free investment). The higher based on the actual costs incurred over the past year.the Sharpe ratio the better the returns compared to the risk taken. Performance information Tracking error (%) measures how much a fund fund’’s returns deviatefrom those of the benchmark. The lower the number the closer the Source: J.P. Morgan Asset Management. Share class performance is fundfund’’s historic performance has followed its benchmark. shown based on the NAV (net asset value) of the share class with Information ratio measures if a manager is outperforming or income (gross) reinvested including actual ongoing chargesunderperforming the benchmark and accounts for the risk taken to excluding any entry and exit fees. Performance is shown based on achieve the returns. A manager who outperforms a benchmark by 2% the NAV which may not be the same as the market price of the ETF. p.a. will have a higher IR than a manager with the same Individual shareholders may realise returns that are different to the outperformance but who takes more risk. NAV based returns. 09ns212809150855