This is a marketing communication.

Please refer to the prospectus

December 2023 and the KID or KIID before making any final investment decisions.

Balance income, total return

and risk with JEPG

Equity markets have been surprisingly resilient in 2023, yet this has left investors feeling uneasy
with what to do next. Many are wondering if they’ve “missed it” and are sitting in cash trying to figure
out when to enter the market and if this rally is sustainable going forward. For the investors who are
assessing their asset allocation today, a compelling solution is the actively managed J.P. Morgan
Global Equity Premium Income ETF (JEPG)*, which seeks consistent monthly income and appreciation
potential, with lower volatility than the global stock market.

Navigating the concentrated market rally cap equities with less volatile earnings and share prices.
The stronger start to the year for MSCI World was also We then sell index options against that long-only portfolio
historically narrow in scope, with the vast majority of and use the premiums to generate income, in addition
returns driven by just seven stocks in the US. At this point, to the dividends from the underlying equities we hold.
investors may be looking for opportunities in equities The result is a conservative equity income strategy
beyond just the market leaders of 2023, especially given designed to reduce downside exposure by forgoing some
many other areas of the market and regions still look upside participation.
attractive from a valuation perspective. Should market
returns be more muted going forward, investors will With JEPG, investors receive:
continue to seek high levels of income, particularly
• Fully active, broadly diversified equity portfolio:
in ways that do not mean taking on too much volatility
Leverages 80+ research analysts and an over 30-year
or too little liquidity.
proprietary process to find attractive stocks across
As an equity options-based solution comprised of a sectors.
high-quality equity portfolio and selling index call • Innovative income: Avoids the duration risk of higher-
options, JEPG provides a way for investors to meet yielding bonds and the quality risk of higher-yielding
income and total return at lower risk versus traditional stocks and extended fixed income sectors.
equity strategies.
• Unique options strategy: Sells call options every week
A conservative equity income strategy designed to to adapt to changing market conditions. When volatility
reduce downside exposure by forgoing some upside spikes and interest rates rise, for example, JEPG has the
participation. potential to provide higher income when investors most
need the cushion against fluctuating prices.
A conservative equity ETF seeking income as the • 100% payouts: Distributes all monthly net income
outcome, balanced with an attractive total return from dividends and options premium in distributing
JEPG is a highly liquid ETF offering an active solution share classes (dist).
with daily transparency at a low cost. The strategy
combines equities with options to strike a balance across
yield, capital growth and risk. JEPG seeks to deliver a
significant portion of the returns associated with the
MSCI World Index with less volatility, in addition to
monthly income.

JEPG applies a time-tested process which is also used

for the largest active ETF in the world for an underlying
US equities portfolio instead of global equities. Here’s
how it works: We use fundamental bottom-up research to
build a higher-quality, lower-beta portfolio of Global large

FOR PROFESSIONAL CLIENTS/ QUALIFIED INVESTORS ONLY – NOT FOR RETAIL USE OR DISTRIBUTION
Balance income, total return and risk with JEPG

JPMorgan Global Equity Premium Income ETF at a glance

Ticker Expenses Strategy
JEPG 0.35%* Combines defensive Global large cap
equity portfolio with options overlay to
pursue income and capital appreciation

Four ways to build stronger portfolios with JEPG

1. Add to income portfolios to achieve consistent, attractive yields regardless of what happens with interest rates or
equity dividends.
2. Replace or complement higher-yielding bonds with a strategy offering no duration or credit risk and comparable,
if not higher, income potential in exchange for taking on some equity risk.
3. Deploy excess cash for investors looking to ease back into equities with about one-third less volatility.
4. De-risk equity portfolios by locking in gains from existing strategies and reinvesting the proceeds in a more
conservative alternative.

With an uncertain path for fixed income and equity market returns ahead, now is the time to be creative and active in
your search for yield and total return. Discover how JEPG can help you solve for both market participation and income
without sacrificing quality, liquidity or long-term growth potential.

Investment Objective and Risk Profile

JPMorgan ETFs (Ireland) ICAV – Global Equity Premium Income UCITS ETF*

Investment objective Risk profile

The objective of the Sub-Fund is to provide income
and long-term capital growth. • T he value of your investment may fall as well as rise and you may get
back less than you originally invested.
Summary risk indicator • T he value of equity securities may go down as well as up in response
to the performance of individual companies and general market
Lower Higher
risk risk conditions, sometimes rapidly or unpredictably. If a company goes
through bankruptcy or a similar financial restructuring, its shares in
issue typically lose most or all of their value.
1 2 3 4 5 6 7
• T he value of FDIs can be volatile. This is because a small movement in
the value of the underlying asset can cause a large movement in the
The risk indicator assumes you keep the product for 5 year(s). The risk of the value of the FDI and therefore, investment in such instruments may
product may be significantly higher if held for less than the recommended holding result in losses in excess of the amount invested by the Sub-Fund.
period. In the UK, please refer to the synthetic risk and reward indicator in the
latest available key investor information document. •W
 hile the Sub-Fund uses an FDI overlay strategy which is intended
to provide income, there is no guarantee that the derivative strategy
will achieve this. The Sub-Fund may forego some capital apprecia-
tion potential, while retaining the risk of loss should the price of the
underlying decline.
•S
 elling call options will create exposure for the Sub-Fund, as it may
have to deliver the underlying securities or their value and, should the
market move unfavourably, this may result in an unlimited loss.
•R
 EITs and real estate related investments are subject to the risks
associated with the ownership of real estate which may expose the
relevant Sub-Fund to increased liquidity risk, price volatility and loss-
es due to changes in economic conditions and interest rates.
•S
 ince the instruments held by the Sub-Fund may be denominated
in, or have exposure to, currencies other than the Base Currency,
the Sub-Fund may be affected unfavourably by exchange control
regulations or fluctuations in currency rates. For this reason, changes
in currency exchange rates can affect the value of the Sub-Fund’s
portfolio and may impact the value of the Shares.
• T he Distributing Share Classes give priority to dividends, rather than
to capital growth, and may at times distribute capital gains.
•F
 urther information about risks can be found in the “Risk Information“
section of the Prospectus.
Balance income, total return and risk with JEPG

*Includes management fees and other administrative and operating costs.

*FOR BELGIUM ONLY: Please note the acc share class of the ETF marked with an asterisk (*) in this page are not registered in Belgium and can only be
accessible for professional clients. Please contact your J.P. Morgan Asset Management representative for further information. The offering of Shares has not
been and will not be notified to the Belgian Financial Services and Markets Authority (Autoriteit voor Financiële Diensten en Markten/Autorité des Services et
Marchés Financiers) nor has this document been, nor will it be, approved by the Financial Services and Markets Authority. This document may be distributed
in Belgium only to such investors for their personal use and exclusively for the purposes of this offering of Shares. Accordingly, this document may not be
used for any other purpose nor passed on to any other investor in Belgium.

This is a marketing communication and as such the views contained herein do not form part of an offer, nor are they to be taken as advice or a recommendation,
to buy or sell any investment or interest thereto. Reliance upon information in this material is at the sole discretion of the reader. Any research in this document
has been obtained and may have been acted upon by J.P. Morgan Asset Management for its own purpose. The results of such research are being made
available as additional information and do not necessarily reflect the views of J.P. Morgan Asset Management. Any forecasts, figures, opinions, statements
of financial market trends or investment techniques and strategies expressed are, unless otherwise stated, J.P. Morgan Asset Management’s own at the
date of this document. They may not necessarily be all-inclusive and are not guaranteed as to accuracy. They may be subject to change without reference
or notification to you. 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. Changes in exchange rates may have an adverse effect on the value, price or income of the
products or underlying overseas investments. Past performance and yield are not a reliable indicator of current and future results. There is no guarantee
that any forecast made will come to pass. Furthermore, there can be no assurance that the investment objectives of the investment products will be met.
J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. To the extent
permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations
and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy
www.jpmorgan.com/emea-privacy-policy. As the product may not be authorised or its offering may be restricted in your jurisdiction, it is the responsibility of
every reader to satisfy himself as to the full observance of the laws and regulations of the relevant jurisdiction. Prior to any application investors are advised
to take all necessary legal, regulatory and tax advice on the consequences of an investment in the products. Shares or other interests may not be offered
to or purchased directly or indirectly by US persons. All transactions should be based on the latest available Prospectus, the Key Information Document
(KID) and any applicable local offering document. These documents together with the annual report, semi-annual report, instrument of incorporation and
sustainability-related disclosures, are available in English from JPMorgan Asset Management (Europe) S.à r.l., 6 route de Trèves, L-2633 Senningerberg,
Grand Duchy of Luxembourg, your financial adviser or your J.P. Morgan Asset Management regional contact or at www.jpmorganassetmanagement.ie.
A summary of investor rights is available in English at https://am.jpmorgan.com/lu/investor-rights. J.P. Morgan Asset Management may decide to terminate
the arrangements made for the marketing of its collective investment undertakings. Units in Undertakings for Collective Investment in Transferable Securities
(“UCITS”) Exchange Traded Funds (“ETF”) purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must buy and sell
units on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more
than the current net asset value when buying units and may receive less than the current net asset value when selling them. In Switzerland, JPMorgan Asset
Management Switzerland LLC (JPMAMS), Dreikönigstrasse 37, 8002 Zurich, acts as Swiss representative of the funds and J.P. Morgan (Suisse) SA, Rue du
Rhône 35, 1204 Geneva, as paying agent. With respect to its distribution activities in and from Switzerland, JPMAMS receives remuneration which is paid out
of the management fee as defined in the respective fund documentation. Further information regarding this remuneration, including its calculation method,
may be obtained upon written request from JPMAMS. This communication is issued in Europe (excluding UK) by JPMorgan Asset Management (Europe) S.à r.l.,
6 route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, R.C.S. Luxembourg B27900, corporate capital EUR 10.000.000. This communication is
issued in the UK by JPMorgan Asset Management (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. Registered in England
No. 01161446. Registered address: 25 Bank Street, Canary Wharf, London E14 5JP.
LV–JPM54605 | 11/23 | 09zj230211164848

FOR PROFESSIONAL CLIENTS/ QUALIFIED INVESTORS ONLY –

NOT FOR RETAIL USE OR DISTRIBUTION