The ratings published on 04/2025 for JPMorgan Global Research Enhanced Index Equity Trust A, 04/2025 for JPMorgan Global Research Enhanced Index Equity Active ETF, 03/2025 for JPMorgan Emerging Markets Research Enhanced Index Equity Active ETF, 04/2025 for JPMorgan Global Research Enhanced Index Equity (Hedged) Active ETF, 04/2025 for JPMorgan Global Select Equity Fund - Class A Units, 04/2025 for JPMorgan Global Select Equity Active ETF and 04/2025 for JPMorgan Global Select Equity Active ETF (Hedged) are issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The ratings are not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2025 Lonsec. All rights reserved.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) ratings (assigned November 2024) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only.  This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice.  It is not a specific recommendation to purchase, sell or hold the relevant product(s).  Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs.  Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website.  Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments.  Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines (https://www.zenithpartners.com.au/our-solutions/investment-research/regulatory-guidelines).

The funds seek to achieve their stated objectives, there is no guarantee they will be met. Diversification does not guarantee positive returns or eliminates risks of loss. Not all investments are suitable for all investors. Please refer to offering documents for further details.

JPMorgan Global Research Enhanced Index Equity (JREG) is the marketing name of the JPMorgan Global Research Enhanced Index Equity Active ETF.
JPMorgan Global Research Enhanced Index Equity (Hedged) (JRHG) is the marketing name of the JPMorgan Global Research Enhanced Index Equity (Hedged) Active ETF.
JPMorgan Emerging Markets Research Enhanced Index Equity (JEME) is the marketing name of the JPMorgan Emerging Markets Research Enhanced Index Equity Active ETF.

This information is generic in nature and does not take into account any specific investors’ objectives and should not be treated as offer, research or investment advice. Investors should seek financial advice. Investors should review fund’s Product Disclosure Statement and Target Market Determination (available on https://am.jpmorgan.com/au) to understand the various risks associated with investing in the Fund and in making any investment decision. Risk management does not imply elimination of risks. Provided to illustrate the investment process. Dividend or returns are not guaranteed. ETFs have fees that reduce their performance, indexes do not. Investors cannot directly invest in an index.