Page 1/3 Purpose Key Information Document This document provides you with key information about thisinvestment product. It is not marketing material. The information isrequired by law to help you understand the nature, risks, costs,potential gains and losses of this product and to help you compare itwith other products. Product JPM Emerging Markets Local Currency Bond Active UCITS ETF - USD (acc) IE000TGCBXG8 a share class of JPMorgan ETFs (Ireland) ICAV – Emerging Markets Local Currency Bond Active UCITS ETF a sub-fund of JPMorgan ETFs (Ireland) ICAV For more information on this product, please refer to www.jpmorganassetmanagement.lu or call +(352) 3410 3060 The Commission de Surveillance du Secteur Financier (CSSF) is responsible for supervising the manufacturer, JPMorgan Asset Management (Europe) S.à.r.l., (a member of JPMorgan Chase & Co.) in relation to this Key Information Document. The Sub-Fund is authorised in Ireland and regulated by the Central Bank of Ireland ("CBI"). THIS DOCUMENT WAS PRODUCED ON 14 FEBRUARY 2025 What is this product? Typecurrency denominated government bonds in global emerging This product is a UCITS exchange traded fund or "UCITS ETF". It is amarkets ("Benchmark Securities"). The Benchmark has been sub-fund of JPMorgan ETFs (Ireland) ICAV, an Irish collective asset-included as a point of reference against which the performance of the management vehicle constituted as an umbrella fund with Sub-Fund may be measured. The Sub-Fund will resemble the segregated liability between its sub-funds and authorised by the CBIcomposition and risk characteristics of its Benchmark; however, the pursuant to the European Communities (Undertakings for Collective Investment Manager's discretion may result in performance that Investment in Transferable Securities) Regulations 2011 (as differs from the Benchmark. amended). The Sub-Fund will not seek to track the performance of or replicate Objectives, Process and Policiesthe Benchmark, rather the Sub-Fund will hold a portfolio of debt Objective The objective of the Sub-Fund is to achieve a long-term securities (which may include but will not be limited to the Benchmark return in excess of J.P. Morgan GBI-EM Global Diversified (Total Return Securities) which are actively selected and managed with the aim of Gross) ("the Benchmark") by actively investing primarily in emergingdelivering an investment performance which exceeds that of the market local currency debt securities, using financial derivative Benchmark over the long-term. instruments to gain exposure to underlying assets, whereThe Sub-Fund will invest primarily in debt securities, including bonds appropriate.and notes, issued or guaranteed by emerging market governments or Share Class Benchmark J.P. Morgan GBI-EM Global Diversified (Total their agencies and by companies that are domiciled, or carrying out Return Gross) the main part of their economic activity, in an emerging market Investment Policy The Sub-Fund pursues an actively-managed country. The Sub-Fund may also invest in debt securities from investment strategy.developed markets. The Sub-Fund will invest primarily in securities The Sub-Fund aims to invest at least 67% of its assets (excluding listed or traded on Recognised Markets globally. The Sub-Fund may assets held for ancillary liquidity purposes), in debt securities issuedinvest in onshore debt securities issued within the PRC through the or guaranteed by emerging market governments or their agencies China-Hong Kong Bond Connect ("Bond Connect") and/or the China and by companies that are domiciled, or carrying out the main part of Interbank Bond Market (the "CIBM"). The Sub-Fund may also invest their economic activity, in an emerging market country, either directly directly in Indian debt securities as a foreign portfolio investor ("FPI"). or through the use of financial derivative instruments ("FDI"). The Sub-Fund may, for efficient portfolio management and Investments may be denominated in any currency however at least investment purposes, use financial derivative instruments. 67% will be denominated in an emerging market currency, and The Investment Manager also integrates financially material currency exposure in the Sub-Fund will be actively managed. environmental, social and governance ("ESG") issues as part of the The Sub-Fund systematically includes ESG analysis in its investment Sub-Fund's investment process ("ESG Integration"). ESG Integration is decisions on at least 75% of non-investment grade and emerging the systematic inclusion of ESG issues in investment analysis and market sovereign securities and 90% of investment grade securities investment decisions with the goals of managing risk and improving purchased. Pursuant to the Investment Manager's ESG analysis, atlong-term returns. ESG Integration by itself focuses on financial least 51% of the Sub-Fund's Net Asset Value is invested in issuers with materiality and is therefore only part of a broader investment process. positive environmental and/or social characteristics (i.e. issuers It is only one of the factors alongside other factors that the Investment which are aligned with the environmental and/or social Manager considers in portfolio construction, including buying and characteristics that the Sub-Fund promotes) that follow goodselling securities governance practices, as measured through the InvestmentUSD is the base currency of the Sub-Fund. Manager's proprietary ESG scoring methodology and/or third partyThe Sub-Fund will publicly disclose its complete holdings on a daily data. basis. Details of the Sub-Fund's holdings and full disclosure policy As an SFDR Article 8 fund, the Sub-Fund goes beyond ESG Integration may be found on www.jpmorganassetmanagement.lu. and promotes environmental and/or social characteristics. Redemption and Dealing Shares of the Sub-Fund are traded on one or The Sub-Fund also invests at least 10% of its Net Asset Value inmore stock exchanges. Certain market makers and brokers may Sustainable Investments, as defined under SFDR, contributing to subscribe and redeem Shares directly with JPMorgan ETFs (Ireland) environmental or social objectives. ICAV, and are referred to as "Authorised Participants". Other investors The Investment Manager evaluates and applies values and norms who are not Authorised Participants can purchase and sell Shares based screening to implement exclusions on certain industries and daily on a recognised stock exchange or over-the-counter. issuers based on specific ESG criteria and/or minimum standards of Distribution Policy This Share Class does not pay dividends. Earned business practice based on international norms. To support this income is retained in the Net Asset Value. screening, the Investment Manager relies on third party provider(s) SFDR Classification Article 8 who identify an issuer's participation in or the revenue which they Intended retail investor derive from activities that are inconsistent with the values and norms This product is intended for investors who plan to stay invested for at based screens. The list of screens applied that may result in least 5 years. exclusions can be found on the Website (www.Q The Sub-Fund is intended for long-term investment. Investors jpmorganassetmanagement.ie). should understand the risks involved, including the risk of losing The Sub-Fund is actively managed and will seek to outperform the all capital invested and must evaluate the Sub-Fund's objective Benchmark over the long-term. The Benchmark consists of localand risks in terms of whether they are consistent with their own All data is sourced by J.P. Morgan Asset Management and is correct as at the date of this commentary unless otherwise stated. Page 2/3 | Key Information Document | 14 February 2025 investment goals and risk tolerances. The Sub-Fund is not intended document that is misleading, inaccurate or inconsistent with the as a complete investment plan. relevant parts of the Prospectus. Q Typical investors in the Sub-Fund are expected to be those who The Sub-Fund is sub-fund of JPMorgan ETFs (Ireland) ICAV, an Irish seek exposure to the market covered by the Benchmark and takecollective asset-management vehicle with segregated liability between market exposure to emerging market local currency debt sub-funds. JPMorgan ETFs (Ireland) ICAV consists of separate sub- securities. Investors may also be seeking investments with positive funds, each of which issues one or more Share Classes. This environmental and/or social characteristics that follow good document is prepared for a specific Share Class. The Prospectus and governance practices and an overlay of ESG integration and valuesannual and semi- annual financial reports are prepared for JPMorgan and norms-based screening of its investment universe.ETFs (Ireland) ICAV. Term This product does not have a fixed maturity date and may be Switching Switching of Shares from one Sub-Fund into Shares in liquidated in certain circumstances, as further detailed in the another Sub-Fund is not permitted. Switching of Shares from one Prospectus. Share Class into another Share Class within the same Sub-Fund is Practical informationalso not permitted to investors trading on stock exchanges but may be Depositary The fund depositary is Brown Brothers Harriman Trusteeavailable to the Authorised Participants. Further information can be Services (Ireland) Limited. found in the Prospectus. Legal Information JPMorgan Asset Management (Europe) S.à r.l. may be held liable solely on the basis of any statement contained in this What are the risks and what could I get in return? Risks Lower risk Higher risk This rates the potential losses from future performance at a medium- low level, and poor market conditions are unlikely to impact our 1 23 4 5 6 7capacity to pay you. The risk of the product may be significantly higher if held for less than the recommended holding period. The risk indicator assumes you keep the product for 5 year(s). This product does not include any protection from future market performance so you could lose some or all of your investment. If we are not able to pay you what is owed, you could lose your entire The summary risk indicator is a guide to the level of risk of this product investment. compared to other products. It shows how likely it is that the product Beside the risks included in the risk indicator, other risks materially will lose money because of movements in the markets or because werelevant for the product may affect its performance. Please refer to the are not able to pay you. relevant supplement, available free of charge at We have classified this product as 3 out of 7, which is a medium-low www.jpmorganassetmanagement.lu. risk class. Performance scenarios The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future. The stress scenario shows what you might get back in extreme market circumstances. Unfavourable: this type of scenario occurred for an investment between 2017 and 2022. Moderate: this type of scenario occurred for an investment between 2018 and 2023. Favourable: this type of scenario occurred for an investment between 2016 and 2021. Recommended holding period5 years Example Investment$ 10,000 if you exit after 5 yearsif you exit after (recommended Scenarios 1 year holding period) Minimum return There is no minimum guaranteed return. You could lose some or all of your investment. Stress What you might get back after costs $ 5,070$ 5,520 Average return each year -49.3% -11.2% UnfavourableWhat you might get back after costs $ 8,000$ 8,320 Average return each year -20.0% -3.6% ModerateWhat you might get back after costs $ 10,310 $ 10,100 Average return each year 3.1% 0.2% Favourable What you might get back after costs $ 11,800 $ 13,970 Average return each year 17.9% 6.9% What happens if JPMorgan Asset Management (Europe) S.à.r.l. is unable to pay out? JPMorgan Asset Management (Europe) S.à r.l. is responsible for the manufacturer of this product has no obligation to pay out since administration and management of the Sub-Fund and does not hold the product design does not contemplate any such payment being assets of the Sub-Fund (assets that can be held by a depositary are, in made. However, investors may suffer loss if the Sub-Fund or the line with applicable regulations, held with a depositary in its custody depositary is unable to pay out. There is no compensation or network). JPMorgan Asset Management (Europe) S.à r.l., asguarantee scheme in place which may offset, all or any of, your loss. What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. JPM Emerging Markets Local Currency Bond Active UCITS ETF - USD (acc) (IE000TGCBXG8) Page 3/3 | Key Information Document | 14 February 2025 Costs over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: Q in the first year you would get back the amount that you invested (0% annual return). For the other holding periods we have assumed theproduct performs as shown in the moderate scenario Q $ 10,000 is invested. if you exit after 5 years if you exit after (recommended Example Investment $ 10,000 1 yearholding period) Total Costs $ 87$ 446 Annual cost impact* 0.9%0.9% (*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 0.2% before costs and 0.2% after costs. Composition of costsAnnual cost impact if you exit One-off costs upon entry or exit after 1 year Entry costs0.00% , we do not charge an entry fee.0 USD Exit costs 0.00% , we do not charge an exit fee for this product, but the person 0 USD selling you the product may do so. Ongoing costs taken each year Management fees and other 0.45% of the value of your investment per year. 45 USD administrative or operatingThis is an estimate based on actual costs over the last year. costs Transaction costs 0.42% of the value of your investment per year. This is an estimate of the 42 USDcosts incurred when we buy and sell the underlying investments for theproduct. The actual amount will vary depending on how much we buy andsell. Incidental costs taken under specific conditions Performance fees There is no performance fee for this product. 0 USD How long should I hold it and can I take money out early? Recommended holding period: 5 year(s)penalty at any time during this period however your return may be This product is designed for longer term investments due to the negatively impacted by the volatility of its performance. Redemptions potential volatility of its performance; you should be prepared to stay are possible on every Dealing Day, with proceeds settled within 2 invested for at least 5 years. You can redeem your investment withoutbusiness days. How can I complain? If you have a complaint about the Sub-Fund, you can contact us byYou can find more details about how to complain and the calling +(352) 3410 3060 or by writing to fundinfo@jpmorgan.com or Management Company's complaint handling policy in the Contact Us JPMorgan Asset Management (Europe) S.à r.l., 6 route de Trèves, L- section of the website at: www.jpmorganassetmanagement.com. 2633 Senningerberg, Grand Duchy of LuxembourgIf 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 Further information Further information on the Sub-Fund, including its take note that information and data from communications with you sustainable characteristics, may be found in the Prospectus, relevantmay be processed by J. P. Morgan Asset Management, acting as a data supplement and on www.jpmorganassetmanagement.lu. A copy of the controller, in accordance with applicable data protection laws. Further Prospectus, relevant supplement and the latest annual and semi- information about processing activities of J.P. Morgan Asset annual financial report in English and certain other languages and the Management can be found in the EMEA Privacy Policy, which is latest Net Asset Value are available free of charge upon request fromavailable at www.jpmorgan.com/emea-privacy-policy. Additional www.jpmorganassetmanagement.lu, by email fromcopies of the EMEA Privacy Policy are available on request. fundinfo@jpmorgan.com, or by writing to JPMorgan Asset Cost, performance and risk The cost, performance and risk Management (Europe) S.à r.l, 6 route de Trèves, L-2633 Senningerberg,calculations included in this key information document follow the Grand Duchy of Luxembourg. Portfolio disclosure policy of JPMorgan methodology prescribed by EU rules. Note that the performance ETFs (Ireland) ICAV can be obtained at www. scenarios calculated above are derived exclusively from the past jpmorganassetmanagement.lu. The latest prices of shares can be performance of the product or a relevant proxy and that past obtained from your broker. performance is not a guide to future returns. Therefore, your Remuneration Policy The Management Company's Remunerationinvestment may be at risk and you may not get back the returns Policy can be found on http://www.jpmorganassetmanagement.lu/illustrated. emea-remuneration-policy. This policy includes details of howInvestors should not base their investment decisions solely upon the remuneration and benefits are calculated, including responsibilities scenarios shown. and composition of the committee which oversees and controls the Performance scenarios You can find previous performance scenarios policy. A copy of this policy can be requested free of charge from the updated on a monthly basis at https://am.jpmorgan.com/lu/en/ Management Company. asset-management/priips/products/IE000TGCBXG8. Tax The Sub-Fund is subject to Irish tax regulations. This may have an Past performance There is insufficient performance data available to impact on an investor's personal tax position. provide a chart of annual past performance. Privacy Policy You should note that, if you contact J.P. Morgan AssetFor an explanation of some of the terms used in this document, Management by telephone, those lines may be recorded and please visit the glossary on our website at www. monitored for legal, security and training purposes. You should also jpmorganassetmanagement.lu. JPM Emerging Markets Local Currency Bond Active UCITS ETF - USD (acc) (IE000TGCBXG8)