<p>Digital Share Class - </p> <p>Fund&nbsp;investment starts at&nbsp;lower costs</p>

• Investment in the Funds is not the same as placing funds on deposit with a bank or deposit-taking institution. The manager has no obligation to redeem units at the issue price. Investors may be subject to risks related to Funds.
• Investors may be subject to substantial losses.
• Investors should not solely rely on this document to make any investment decision, but should read in detail the offering documents and the risk disclosures of the relevant investment products.

JPMorgan Pacific Technology Fund

• The Fund invests primarily (at least 70%) in securities of technology companies (including but not limited to companies related to technology, media and communication services) in the Pacific region, including Japan.
• The Fund is therefore exposed to risks related to equity, technology related companies, emerging markets, concentration, smaller companies, currency, liquidity, high volatility of the equity market in the Pacific region, Chinese variable interest entity, derivatives, class currency and currency hedged classes.

JPMorgan Korea Fund

• The Fund invests primarily (at least 70%) in securities of technology companies (including but not limited to companies related to technology, media and communication services) in the Pacific region, including Japan.
• The Fund is therefore exposed to risks related to equity, technology related companies, emerging markets, concentration, smaller companies, currency, liquidity, high volatility of the equity market in the Pacific region, Chinese variable interest entity, derivatives, class currency and currency hedged classes.

JPMorgan Japan (Yen) Fund

• The Fund invests primarily (at least 70%) in Japanese equity securities and other equity securities whose performance is linked to that of the Japanese economy. The Fund will have limited RMB denominated underlying investments.
• The Fund is therefore exposed to risks related to equity, concentration, smaller companies, currency, derivatives, class currency and currency hedged classes. For RMB hedged class, risks associated with the RMB currency and currency hedged classes risks. RMB is currently not freely convertible and RMB convertibility from offshore RMB (CNH) to onshore RMB (CNY) is a managed currency process subject to foreign exchange control policies of and restrictions imposed by the Chinese government. There can be no assurance that RMB will not be subject to devaluation at some point. The Manager may, under extreme market conditions when there is not sufficient RMB for currency conversion and with the approval of the Trustee, pay redemption monies and/or distributions in USD.

JPMorgan Asia Growth Fund

• The Fund invests at least 70% in equity securities of companies whose predominant business will benefit from, or is related to, the growth in Asian economies. The Fund will have limited RMB denominated underlying investments.
• The Fund is therefore exposed to risks related to equity, emerging markets, concentration, smaller companies, currency, liquidity, high volatility of the equity market in the Asian region, Chinese variable interest entity, derivatives, class currency and currency hedged classes. For RMB hedged class, risks associated with the RMB currency and currency hedged classes risks. RMB is currently not freely convertible and RMB convertibility from offshore RMB (CNH) to onshore RMB (CNY) is a managed currency process subject to foreign exchange control policies of and restrictions imposed by the Chinese government. There can be no assurance that RMB will not be subject to devaluation at some point. The Manager may, under extreme market conditions when there is not sufficient RMB for currency conversion and with the approval of the Trustee, pay redemption monies and/or distributions in USD.

JPMorgan ASEAN Fund

• The Fund invests primarily (at least 70%) in equity securities with significant assets in, or significant earnings derived from one or more of the countries comprising the ASEAN. The Fund will have limited RMB denominated underlying investments.
• The Fund is therefore exposed to risks related to equity, emerging markets, concentration, smaller companies, currency, liquidity, high volatility of certain equity markets in countries comprising the ASEAN, derivatives, class currency and currency hedged classes. For RMB hedged class, risks associated with the RMB currency and currency hedged classes risks. RMB is currently not freely convertible and RMB convertibility from offshore RMB (CNH) to onshore RMB (CNY) is a managed currency process subject to foreign exchange control policies of and restrictions imposed by the Chinese government. There can be no assurance that RMB will not be subject to devaluation at some point. The Manager may, under extreme market conditions when there is not sufficient RMB for currency conversion and with the approval of the Trustee, pay redemption monies and/or distributions in USD.

JPMorgan Asian Smaller Companies Fund

• The Fund invests primarily (at least 70%) in the equity securities of small to medium-sized companies in the Asia-Pacific region, excluding Japan and Australia except the Manager may, from time to time, invest in Japan and Australia when appropriate investment opportunities arise.
• The Fund is therefore exposed to risks related to equity, emerging markets, concentration, smaller companies, currency, liquidity, high volatility of certain equity markets in the Asia-Pacific region, Chinese variable interest entity, derivatives and class currency.