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 Global High Yield Corporate Bond Multi-Factor UCITS ETF - EUR Hedged (dist) IE000YK1TO74 a share class of JPMorgan ETFs (Ireland) ICAV – Global High Yield Corporate Bond Multi-Factor 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 2 APRIL 2024 What is this product? Type• Value — the tendency of securities trading at a wider spread relative This product is a UCITS exchange traded fund or "UCITS ETF". It is ato their fundamental characteristics (such as default probability) to sub-fund of JPMorgan ETFs (Ireland) ICAV, an Irish collective asset-generate more attractive returns over the long term. management vehicle constituted as an umbrella fund with • Momentum — the tendency of securities which have exhibited segregated liability between its sub-funds and authorised by the CBIhigher returns to continue to exhibit more attractive returns relative to pursuant to the European Communities (Undertakings for Collective their volatility. Investment in Transferable Securities) Regulations 2011 (as • Quality — the tendency of securities of financially-stable entities amended). (based on measures of their solvency or profitability) to generate Objectives, Process and Policiesmore attractive returns relative to their volatility over the long term. Objective The objective of the Sub-Fund is to achieve a long-term The Sub-Fund will seek to outperform the Benchmark over the long- return in excess of the Benchmark by actively investing primarily in a term. The Benchmark consists of below investment grade, fixed rate portfolio of below investment grade corporate debt securities, corporate debt securities, such as bonds and notes, of varying globally. maturity, issued globally ("Benchmark Securities"). The Benchmark Share Class Benchmark ICE BofA Global High Yield Index has been included as a point of reference against which the Investment Policy The Sub-Fund pursues and actively-managed performance of the Sub-Fund may be measured. The Sub-Fund will investment strategy.bear a some resemblance to its Benchmark. The Sub-Fund aims to invest at least 67% of its assets (excluding The Sub-Fund will not seek to track the performance of or replicate assets held for ancillary liquidity purposes) in below investment grade the Benchmark, rather the Sub-Fund will hold a portfolio of below corporate debt securities. Issuers of these securities may be located investment grade corporate debt securities (which may include but in any country, including emerging markets. will not be limited to Benchmark Securities) which are actively The Sub-Fund systematically includes ESG analysis in its investment selected and managed with the aim of delivering an investment decisions on at least 75% of non-investment grade and emerging performance which exceeds that of the Benchmark over the long- market securities purchased. Pursuant to the Sub-Fund's ESG term. analysis, at least 51% of the Sub-Fund's assets are invested in issuers The Investment Manager systematically considers ESG issues in its with positive environmental and/or social characteristics that follow investment analysis and investment decisions with the goals of good governance practices, as measured through the Investment managing risk and improving long-term returns. The Investment Manager's proprietary ESG scoring methodology and/or third partyManager considers third-party ESG scores by taking into account the data. The Sub-Fund promotes environmental and/or social trade-off between an issuers ESG score and its multi-factor score) in characteristics. Further details on the ESG analysis applied areits systematic selection process. Similar to the multi-factor process provided below. described below, the Investment Manager will evaluate ESG scores on The Sub-Fund invests at least 10% of assets excluding cash, casha peer-adjusted basis. These determinations may not be conclusive equivalents, money market funds and derivatives for efficient portfolio and securities of issuers which may be negatively impacted by such management, in Sustainable Investments, as defined under SFDR, issues may be purchased and retained by the Sub-Fund while the contributing to environmental or social objectives. Sub-Fund may divest or not invest in securities of issuers which may The Investment Manager evaluates and applies values and norms be positively impacted by such issues where the Investment Manager based screening to implement exclusions on certain industries and believes that this is in the best interests of the Sub-Fund on the basis issuers based on specific ESG criteria and/or minimum standards of of the other elements of the investment policy. business practice based on international norms. To support this The Sub-Fund may invest in assets denominated in any currency and screening, the Investment Manager relies on third party provider(s) currency exposure may be managed by reference to the Benchmark. who identify an issuer's participation in or the revenue which they The Sub-Fund may, for efficient portfolio management purposes, use derive from activities that are inconsistent with the values and norms financial derivative instruments. based screens. The list of screens applied that may result in USD is the base currency of the Sub-Fund. exclusions can be found on the Website (www.The Sub-Fund will publicly disclose its complete holdings on a daily jpmorganassetmanagement.ie).basis. Details of the Sub-Fund's holdings and full disclosure policy The Investment Manager aims to outperform the Benchmark over themay be found on www.jpmorganassetmanagement.ie. long-term by investing in below investment grade corporate debt This Share Class seeks to minimise the effect of currency fluctuations securities globally which display certain factor characteristics more between the currency of certain (but not necessarily all) assets of the strongly when compared to their peer group (i.e. other corporateSub-Fund and the Reference Currency of this Share Class (EUR). bonds in the same market sector, denominated in the same currency Redemption and Dealing Shares of the Sub-Fund are traded on one or and with similar creditworthiness). Factors are characteristics thatmore stock exchanges. Certain market makers and brokers may describe the risk and return profile of securities from which investors subscribe and redeem Shares directly with JPMorgan ETFs (Ireland) expect to achieve above average returns over time, through assuming ICAV, and are referred to as "Authorised Participants". Other investors a particular risk or taking advantage of a behavioural bias.who are not Authorised Participants can purchase and sell Shares The Investment Manager selects securities by applying a quantitativedaily on a recognised stock exchange or over-the-counter. security selection process that uses multiple factors, refered to asDistribution Policy This Share Class will normally pay dividends semi- "multi-factor". This process involves selecting below investment grade annually. corporate debt securities issued globally according to an overall SFDR Classification Article 8 multi-factor score derived from equally weighting the three factors Intended retail investor described below:This product is intended for investors who plan to stay invested for at least 5 years. 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 | 2 April 2024 Q Investors should understand the risks involved, including the risk of Practical information losing all capital invested and must evaluate the Sub-Fund Depositary The fund depositary is Brown Brothers Harriman Trustee objective and risks in terms of whether they are consistent with Services (Ireland) Limited. their own investment goals and risk tolerances. The Sub-Fund is Legal Information JPMorgan Asset Management (Europe) S.à r.l. may not intended as a complete investment plan. be held liable solely on the basis of any statement contained in this Q The Sub-Fund is aimed at investors seeking to achieve a long-term document that is misleading, inaccurate or inconsistent with the return in excess of the Benchmark by actively investing primarily in relevant parts of the Prospectus. a portfolio of global below investment grade corporate bonds, with The Sub-Fund is sub-fund of JPMorgan ETFs (Ireland) ICAV, an Irish positive environmental and/or social characteristics that follow collective asset-management vehicle with segregated liability between good governance practices and values and norms-based sub-funds. JPMorgan ETFs (Ireland) ICAV consists of separate sub- screening of its investment universe.funds, each of which issues one or more Share Classes. This Q Typical investors in the Sub-Fund are expected to be those who document is prepared for a specific Share Class. The Prospectus and want exposure to the global below investment grade corporate annual and semi- annual financial reports are prepared for JPMorgan bond market through an active multi-factor investment strategy ETFs (Ireland) ICAV. who are prepared to accept the risks associated with an investment Switching Switching of Shares from one Sub-Fund into Shares in of this type, including th volatility associated with such a market. another Sub-Fund is not permitted. Switching of Shares from one Term This product does not have a fixed maturity date and may be Share Class into another Share Class within the same Sub-Fund is liquidated in certain circumstances, as further detailed in the also not permitted to investors trading on stock exchanges but may be Prospectus. available to the Authorised Participants. Further information can be found in the Prospectus. 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 2021 and 2024. Moderate: this type of scenario occurred for an investment between 2014 and 2019. Favourable: this type of scenario occurred for an investment between 2016 and 2021. Recommended holding period 5 years Example Investment € 10,000 if you exit after 5 years if you exit after (recommended Scenarios1 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 € 5,010 € 5,420 Average return each year-49.9% -11.5% UnfavourableWhat you might get back after costs € 8,270 € 9,220 Average return each year-17.3% -1.6% ModerateWhat you might get back after costs € 10,350 € 12,140 Average return each year3.5% 3.9% Favourable What you might get back after costs € 13,310 € 15,550 Average return each year33.1%9.2% 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 Global High Yield Corporate Bond Multi-Factor UCITS ETF - EUR Hedged (dist) (IE000YK1TO74) Page 3/3 | Key Information Document | 2 April 2024 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 € 111 € 662 Annual cost impact* 1.1% 1.1% (*) 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 3.9% before costs and 3.9% after costs. Composition of costs Annual 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 EUR Exit costs 0.00% , we do not charge an exit fee for this product, but the person0 EUR selling you the product may do so. Ongoing costs taken each year Management fees and other 0.35% of the value of your investment per year. 35 EUR administrative or operatingThis is an estimate based on actual costs over the last year. costs Transaction costs 0.76% of the value of your investment per year. This is an estimate of the76 EURcosts 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 EUR 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 thenegatively impacted by the volatility of its performance. Redemptions potential volatility of its performance; you should be prepared to stayare possible on every Dealing Day, with proceeds settled within 2 invested for at least 5 years. You can redeem your investment without business days. How can I complain? If you have a complaint about the Sub-Fund, you can contact us by You 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 Luxembourg If you have a complaint about the person who advised you about thisproduct, 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, relevant may be processed by J. P. Morgan Asset Management, acting as a data supplement and on www.jpmorganassetmanagement.lu. A copy of thecontroller, 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 from available at www.jpmorgan.com/emea-privacy-policy. Additional www.jpmorganassetmanagement.lu, by email from copies 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 Remuneration investment 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 how Investors 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/IE000YK1TO74. 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 Asset For 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 Global High Yield Corporate Bond Multi-Factor UCITS ETF - EUR Hedged (dist) (IE000YK1TO74)