JPMorgan Asset Management Europe S.à r.l. monitors sub-funds exposure to closed markets or stock exchanges.

In accordance with the prospectus of the funds, the Management Company may declare a non-dealing day or a non-calculation day if a significant portion of a sub-fund’s portfolio becomes exposed to restricted or suspended dealing or for other material reasons.

Most stock exchange and market closures can be anticipated – enabling us to provide you with the below calendar for a full calendar year. Nevertheless, this calendar is regularly updated to primarily reflect:

• Changes to our fund range
• Changes of funds’ exposure to markets
• Events causing sudden closure of local stock exchanges or markets.

Please note that the settlement period of subscriptions, redemptions and switches may be extended when a non-calculation day falls between the Trade Date and the Settlement Date.