*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) ICAV ISIN: IE00BL0BLZ15 JPM Global High Yield Corporate Bond Multi-Factor UCITS ETF - USD Hedged (acc) a Share Class of JPMorgan ETFs (Ireland) ICAV – Global High Yield Corporate Bond Multi-Factor 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 • Momentum — the tendency of securities which have exhibited higher return in excess of the Benchmark by actively investing primarily in a portfolio returns to continue to exhibit more attractive returns relative to their volatility. of below investment grade corporate debt securities, globally. • Quality — the tendency of securities of financially-stable entities (based on Investment Policy: The Sub-Fund pursues and actively-managed investmentmeasures of their solvency or profitability) to generate more attractive returns strategy. relative to their volatility over the long term. The Sub-Fund aims to invest at least 67% of its assets (excluding assets held The Sub-Fund will seek to outperform the Benchmark over the long-term. The for ancillary liquidity purposes) in below investment grade corporate debt Benchmark consists of below investment grade, fixed rate corporate debt securities. Issuers of these securities may be located in any country, securities, such as bonds and notes, of varying maturity, issued globally including emerging markets.("Benchmark Securities"). The Benchmark has been included as a point of The Sub-Fund systematically includes ESG analysis in its investmentreference against which the performance of the Sub-Fund may be decisions on at least 75% of non-investment grade and emerging market measured. The Sub-Fund will bear a some resemblance to its Benchmark. securities purchased. Pursuant to the Sub-Fund's ESG analysis, at least 51%The Sub-Fund will not seek to track the performance of or replicate the of the Sub-Fund's assets are invested in issuers with positive environmental Benchmark, rather the Sub-Fund will hold a portfolio of below investment and/or social characteristics that follow good governance practices, asgrade corporate debt securities (which may include but will not be limited to measured through the Investment Manager's proprietary ESG scoring Benchmark Securities) which are actively selected and managed with the methodology and/or third party data. The Sub-Fund promotes aim of delivering an investment performance which exceeds that of the environmental and/or social characteristics. Further details on the ESGBenchmark over the long-term. analysis applied are provided below. The Investment Manager systematically considers ESG issues in its The Sub-Fund invests at least 10% of assets excluding cash, cash investment analysis and investment decisions with the goals of managing equivalents, money market funds and derivatives for efficient portfoliorisk and improving long-term returns. The Investment Manager considers management, in Sustainable Investments, as defined under SFDR, third-party ESG scores by taking into account the trade-off between an contributing to environmental or social objectives.issuers ESG score and its multi-factor score) in its systematic selection The Investment Manager evaluates and applies values and norms basedprocess. Similar to the multi-factor process described below, the Investment screening to implement exclusions on certain industries and issuers based Manager will evaluate ESG scores on a peer-adjusted basis. These on specific ESG criteria and/or minimum standards of business practice determinations may not be conclusive and securities of issuers which may based on international norms. To support this screening, the Investmentbe negatively impacted by such issues may be purchased and retained by Manager relies on third party provider(s) who identify an issuer's the Sub-Fund while the Sub-Fund may divest or not invest in securities of participation in or the revenue which they derive from activities that are issuers which may be positively impacted by such issues where the inconsistent with the values and norms based screens.The list of screens Investment Manager believes that this is in the best interests of the Sub- applied that may result in exclusions can be found on the Website (www.Fund on the basis of the other elements of the investment policy. jpmorganassetmanagement.ie). The Sub-Fund may invest in assets denominated in any currency and The Investment Manager aims to outperform the Benchmark over the long- currency exposure may be managed by reference to the Benchmark. term by investing in below investment grade corporate debt securities The Sub-Fund may, for efficient portfolio management purposes, use globally which display certain factor characteristics more strongly when financial derivative instruments. compared to their peer group (i.e. other corporate bonds in the same USD is the base currency of the Sub-Fund. market sector, denominated in the same currency and with similar This Share Class seeks to minimise the effect of currency fluctuations creditworthiness). Factors are characteristics that describe the risk and between the currency of certain (but not necessarily all) assets of the Sub- return profile of securities from which investors expect to achieve above Fund and the Reference Currency of this Share Class (USD). average returns over time, through assuming a particular risk or takingRedemption and Dealing: Shares of the Sub-Fund are traded on one or more advantage of a behavioural bias. stock exchanges. Certain market makers and brokers may subscribe and The Investment Manager selects securities by applying a quantitative redeem Shares directly with JPMorgan ETFs (Ireland) ICAV, and are referred security selection process that uses multiple factors, refered to as "multi- to as "Authorised Participants". Other investors who are not Authorised factor". This process involves selecting below investment grade corporate Participants can purchase and sell Shares daily on a recognised stock debt securities issued globally according to an overall multi-factor score exchange or over-the-counter. derived from equally weighting the three factors described below: Benchmark: ICE BofA Global High Yield Index. • Value — the tendency of securities trading at a wider spread relative to their Distribution Policy: This Share Class will not pay dividends. fundamental characteristics (such as default probability) to generate more For an explanation of some of the terms used in this document, please visit attractive returns over the long term. the glossary on our website at www.jpmorganassetmanagement.ie. Risk and Reward Profile Lower risk Higher risk grade debt securities. The credit worthiness of unrated debt securities is Potentially lower reward Potentially higher reward not measured by reference to an independent credit rating agency.B Since the instruments held by the Sub-Fund may be denominated in currencies other than the base currency, the Sub-Fund may be affected 1 2 3 4 5 6 7 unfavourably by exchange control regulations or fluctuations in currency The above rating is based on the historic volatility of the simulated Net Asset rates. For this reason, changes in currency exchange rates can affect the Value of this Share Class over the last five years and may not be a reliable value of the Sub-Fund's portfolio and may impact the value of the Shares. indication of the future risk profile of this Share Class. B Emerging markets may be subject to increased political, regulatory and The risk and reward category shown above is not guaranteed to remain economic instability, less developed custody and settlement practices, unchanged and may change over time. poor transparency and greater financial risks. Emerging market and below A Share Class with the lowest risk rating does not mean a risk-free investment grade debt securities may also be subject to higher volatility investment. and lower liquidity than non-emerging market and investment grade debt Why is this Share Class in this category? This Share Class is classified in securities respectively.B The Sub-Fund seeks to provide a return above the Benchmark; however category 4 because its simulated Net Asset Value has shown medium fluctuations historically. the Sub-Fund may underperform the Benchmark.B Exclusion of issuers that do not meet certain ESG criteria from the Sub- OTHER MATERIAL RISKS Fund's investment universe may cause the Sub-Fund to perform differently B The value of your investment may fall as well as rise and you may get back compared to similar funds that do not have such a policy.less than you originally invested. B Movements in currency exchange rates can adversely affect the return of B The value of debt securities may change significantly depending on your investment. The currency hedging used to minimise the effect ofeconomic and interest rate conditions as well as the credit worthiness of currency fluctuations may not always be successful.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 mayalso be subject to higher volatility and lower liquidity than investment Charges B Investors who are not Authorised Participants may have to pay brokerage One-off charges taken before or after you invest commissions or other charges determined and imposed by their brokers Entry charge Nonewhen buying or selling Shares on stock exchange(s). Information on Exit chargeNonecharges can be obtained from your broker. Authorised Participants dealing directly with JPMorgan ETFs (Ireland) ICAV will pay related This is the maximum that might be taken out of your money before it is 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, including the costs of marketing and distribution. These charges reduce the Charges taken from this Share Class over a year potential growth of the investment. Ongoing charge 0.35% B The ongoing charge figure is estimated and is based on the expected total of charges. The UCITS' annual report for each financial year will include Charges taken from this Share Class under certain specific conditions detail on the exact charges made. Performance feeNone B Further information about charges can be found in the "Fees and Expenses" section of the Prospectus. Past PerformanceQ JPM Global High Yield Corporate Bond Multi-Factor UCITS ETF -B Past performance is not a guide to future performance.USD Hedged (acc) (IE00BL0BLZ15)B Performance data has been calculated including tax, ongoing charges% Q Benchmark and portfolio transaction costs and excluding entry and exit charges, in USD. B Where no past performance is shown there was insufficient data available 12.115 10.8 in that year to provide performance. B Sub-Fund launch date: 2020. 8.2 10 7.5 B Share Class launch date: 2020. 3.63.05 0 - --5-10 -8.8 -9.4 2020 20212022 20232024 1 A different benchmark was used during this period.- 1--- 2 This performance was achieved under circumstances that may no- 2--- longer apply. Practical Information Depositary: The depositary is Brown Brothers Harriman Trustee Servicesmisleading, 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 disclosure are 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 can investors 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 and Privacy Policy: You should note that, if you contact J.P. Morgan Asset benefits are calculated, including responsibilities and composition of theManagement 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 impactJ.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 heldactivities 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 isPolicy, 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