Title: The Mercantile Investment Trust plc URL Source: https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx?type=packet_fund_unit_doc_priip_kid&docid=9671ab75-9c1c-4718-93cc-331233d1f3c2&user=2zqMoyoaeP0/VJ6Ul30CAOre5CJB7jo8UbXqkXHLGWk= Published Time: Fri, 05 Jun 2026 11:56:29 GMT Number of Pages: 3 Markdown Content: Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. It helps you understand the nature of this product and enables you to compare it with other products. Other documents are available to help you understand the product like the Factsheet and Annual Report & Financial Statements. # Product # The Mercantile Investment Trust plc ("The Company") Ordinary Shares GB00BF4JDH58 Contact details for JPMorgan Funds Limited are included at www.jpmam.co.uk/investmenttrust Call the J.P. Morgan Asset Management Client Administration Centre on 0800 20 40 20 for more information or alternatively you can write to J.P. Morgan Asset Management Client Administration Centre, PO Box 12272, Chelmsford, CM99 2EL JPMorgan Funds Limited ("The Manager") as the manufacturer of The Company, is authorised in the UK and regulated by the Financial Conduct Authority (FCA). THIS DOCUMENT WAS PRODUCED ON 5 JUNE 2026 # What is this product? ## Type The Company's shares are listed on the premium segment of the Official List of the UK Listing Authority ('UKLA') and are admitted to trading on the main market of the London Stock Exchange. ## Objectives The Company aims to achieve long-term capital growth through investing in a diversified portfolio of UK medium and smaller companies. It pays quarterly dividends and aims to grow its dividend at least in line with inflation. The Company's gearing policy is to operate within a range of 10% net cash to 20% geared. Gearing may magnify gains or losses experienced by the Company. ## Intended retail investor The Company is offered to investors who may have basic or no knowledge and experience of investing in financial markets and also experienced investors and is intended for long-term investment. Investors should understand the risks involved, including the risk of losing all capital invested and must evaluate The Company's objective and risks in terms of whether they are consistent with their own investment goals and risk tolerances. Shares in The Company are not intended as a complete investment plan. The Company has been established with an unlimited life. # What are the risks and what could I get in return? ## Risks Lower risk Higher risk 1 2 3 4 5 6 7 The risk indicator assumes you keep the product for 5 year(s). The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 5 out of 7, which is a medium-high risk class. This figure rates the likelihood of losing money in the future, based on historic prices as having a medium-high level risk. This product does not include any protection from future market performance so you could lose some or all of your investment. Beside the risks included in the risk indicator, other risks may affect the fund performance. Please refer to the Annual Report in the documents section at www.jpmam.co.uk/investmenttrust. Page 1/3 All data is sourced by J.P. Morgan Asset Management and is correct as at the date of this commentary unless otherwise stated. The Mercantile Investment Trust plc (GB00BF4JDH58) ## Investment performance information The performance of the Company is likely to be driven by a variety of factors, whether macro (e.g. political, economic growth, inflation) or the performance of individual corporate issuers. The Company may utilise gearing (borrowing) which will exaggerate market movements both up and down. The Company has chosen the FTSE All-Share (ex FTSE 100, ex Inv Companies) (£) as its benchmark and has the objective as stated in the "What is this product" section. There is no guarantee that the Company will meet its objective or achieve any particular level of performance. For further details of the risk factors which may impact the performance of the Company please refer to the Company's annual report which is available at www.jpmam.co.uk/investmenttrust. What could affect my return positively? Factors such as strong economic growth, low inflation and/or strong corporate earnings are likely to impact the return of the Company positively. What could affect my return negatively? Conversely, low economic growth, high inflation, poor corporate earnings and/or the default of issuers are likely to impact the return of the Company negatively. Outcome the investor may expect where shares in the Company are encashed under severely adverse market conditions Shareholders are more likely to experience a negative return should shares be encashed under severely adverse market conditions. # What happens if JPMorgan Funds Limited is unable to pay out? The Manager is responsible for administration and management of The Company, and does not typically hold assets of The Company (assets that can be held by a depositary are, in line with applicable regulations, held with a depositary in its custody network). The Manager, as the manufacturer of this product has no obligation to pay out since the product design does not contemplate any such payment being made. However, investors may suffer loss if The Company or the depositary is unable to pay out. Investors in The Company are not eligible to claim under the UK Financial Services Compensation Scheme. # What are the costs? Following the Financial Conduct Authority's update in September 2024, investment trusts no longer need to follow the previous cost disclosure rules under PRIIPS. We follow the Association of Investment Companies' (AIC) guidance to share an Ongoing Charges figure. Therefore, the Company has made relevant changes to this document. As a UK-listed investment trust, the Company incurs Operating Costs in respect of its ongoing management and these are disclosed in the Income Statement and related notes in the latest audited Annual Report & Financial Statements ('ARFS'). The Ongoing Charges show our Operating Costs as a percentage of our average net assets from the previous year. The latest Ongoing Charges (0.48%) can be found in the Financial Highlights section of the Company's ARFS and in the Company's factsheet . For the avoidance of doubt, the Ongoing Charges are not an additional cost borne by shareholders of the Company. The Reduction in yield (RIY) shows what impact the total cost you pay will have on the investment return you might get. "The Company's share price already reflects market sentiment of its value taking into consideration publicly disclosed information on expenses, which are already disclosed in the ARFS and other public disclosures. # Costs over time The costs set out in the below tables are now marked as Not Applicable ('N/A'). None of these costs are payable by you to the Company or its Manager. All costs incurred by the Company (and within its underlying investment portfolio) are disclosed in the Company's Annual Report & Financial Statements. Investment £ 10,000 if you exit after 1 year if you exit after 3 years if you exit after 5 years (Recommended Holding Period) Total Costs n/a n/a n/a Impact on Return (RIY) per year n/a n/a n/a Page 2/3 | Key Information Document | 5 June 2026 The Mercantile Investment Trust plc (GB00BF4JDH58) # Composition of costs The costs set out in the below tables are now marked as Not Applicable ('N/A'). None of these costs are payable by you to the Company or its Manager. All costs incurred by the Company (and within its underlying investment portfolio) are disclosed in the Company's Annual Report & Financial Statements. This table shows the impact on return per year One-off costs Entry costs n/a None of these costs are payable by you to the Company or its Manager. All costs incurred by the Company (and within its underlying investment portfolio) are disclosed in the Company's Annual Report & Financial Statements. Exit costs n/a None of these costs are payable by you to the Company or its Manager. All costs incurred by the Company (and within its underlying investment portfolio) are disclosed in the Company's Annual Report & Financial Statements. Ongoing costs Portfolio transaction costs n/a None of these costs are payable by you to the Company or its Manager. All costs incurred by the Company (and within its underlying investment portfolio) are disclosed in the Company's Annual Report & Financial Statements. Other ongoing costs n/a None of these costs are payable by you to the Company or its Manager. All costs incurred by the Company (and within its underlying investment portfolio) are disclosed in the Company's Annual Report & Financial Statements. Incidental costs Performance fees n/a No Performance Fees are applied. # How long should I hold it and can I take money out early? Recommended holding period: 5 year(s) This product is designed for long-term investments; you should be prepared to stay invested for at least 5 years. As The Company's shares are listed on the premium segment of the Official List of the UKLA and are admitted to trading on the main market of the London Stock Exchange, you should be able to sell your shares without penalty through your bank, stockbroker or other similar advisers at any time during this period or hold the investment longer. You may be subject to dealing costs that your adviser charges for this service. Sales are possible on every working day, with proceeds settled in 2 business days. The price, discount and net asset value are available on our website at www.jpmam.co.uk/investmenttrust. # How can I complain? If you have a complaint about The Company, you can contact us by calling our UK-based Investor Services team on 0800 20 40 20 or by writing to: J.P. Morgan Asset Management Client Administration Centre PO Box 12272 Chelmsford, CM99 2EL accounts@uk-email.jpmorgan.com You can find more details about how to complain and the Manager's complaint handling policy in the Contact Us section of the website at: www.jpmam.co.uk/investmenttrust. Complaints about the management of The Company, are unlikely to be eligible for referral to the Financial Ombudsman Service (FOS) because (1) The Company is not within FOS' jurisdiction; and (2) whilst the Manager and the depositary are within FOS' jurisdiction, investors are unlikely to have an eligible relationship with either. If you have a complaint about the person who advised you about this product, or who sold it to you, they will tell you where to complain. # Other relevant information The cost and risk calculations included in this key information document follow the methodology prescribed by U.K. rules. Please refer to the Investor Performance Information section above for details on factors which could affect returns. The value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Past performance and yield are not reliable indicators of current and future results. You can receive additional information about this product, including but not limited to the investor disclosure document, annual report, half year report and the latest price of the shares from J.P. Morgan Asset Management, J.P. Morgan Asset Management Client Administration Centre, PO Box 12272, Chelmsford, CM99 2EL and from www.jpmam.co.uk/investmenttrust. They are available free of charge in English. You can find the latest version on our website at www.jpmam.co.uk/investmenttrust. Privacy Policy You should note that, if you contact J.P. Morgan Asset Management by telephone, those lines may be recorded and monitored for legal, security and training purposes. You should also take note that information and data from communications with you may be processed by J. P. Morgan Asset Management, acting as a data controller, in accordance with applicable data protection laws. Further information about processing activities of J.P. Morgan Asset Management can be found in the EMEA Privacy Policy, which is available at www.jpmorgan.com/emea-privacy-policy. Additional copies of the EMEA Privacy Policy are available on request. Page 3/3 | Key Information Document | 5 June 2026