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The information herein should be used as a component of broader due diligence process. Exclusive reliance on the information herein is not advised. The information herein is based on current market conditions and is subject to change. The information is based on information that was provided by a financial professional. It is educational in nature and not designed to be a recommendation for any specific investment product, strategy, plan feature or other purposes. By receiving this communication you agree with the intended purpose described above. Any examples used in this material are generic, hypothetical and for illustration purposes only. None of J.P. Morgan Asset Management, its affiliates or representatives is suggesting that the recipient or any other person take a specific course of action or any action at all. Communications such as this are not impartial and are provided in connection with the advertising and marketing of products and services. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, legal, tax and other financial professionals that take into account all of the particular facts and circumstances of an investor’s own situation.

Past performance is no guarantee of future results. Asset allocation or diversification does not guarantee investment returns and does not eliminate the risk of loss. IMPORTANT: The information contained in this report is hypothetical in nature, does not reflect actual investment results, is not a guarantee of future results and should not be used to provide recommendations. Results may vary over time. There is no direct correlation between a hypothetical investment and the anticipated performance of the Fund. Data source: Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to J.P. Morgan Asset Management and Morningstar; (2) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The views contained herein are not to be taken as an advice or a recommendation to buy or sell any investment in any jurisdiction, nor is it a commitment from J.P. Morgan Asset Management or any of its subsidiaries to participate in any of the transactions mentioned herein. Any forecasts, figures, opinions or investment techniques and strategies set out are for information purposes only, based on certain assumptions and current market conditions and are subject to change without prior notice. All information presented herein is considered to be accurate at the time of writing, but no warranty of accuracy is given and no liability in respect of any error or omission is accepted. It should be noted that 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. Both past performance and yield may not be a reliable guide to future performance.

J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but are not limited to, J.P. Morgan Investment Management Inc., Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.

Contact JPMorgan Distribution Services, Inc. at 1-800-338-4345 (Investment Professionals) or 1-800-480-4111 (Retail Investors) for a fund prospectus. Investors should carefully consider the investment objectives and risks as well as charges and expenses of the mutual fund before investing. The prospectus contains this and other information about the mutual fund. Read the prospectus carefully before investing.

J.P. Morgan Distribution Services, Inc. member FINRA

Investors should carefully consider the investment objectives and risks as well as charges and expenses of the ETF before investing. The prospectus contains this and other information about the ETF. Read the prospectus carefully before investing. Call 1-844-4JPM-ETF or visit www.jpmorganetfs.com to obtain a prospectus.

Adjusted refers to the net of cost for all ETFs. All indices shown are net of tax.

Investing involves risk, including possible loss of principal. Shares are bought and sold market price, and are not individually redeemed from a fund. Brokerage commissions will reduce returns. International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations. Narrowly focused investments typically exhibit higher volatility. Emerging markets involve heightened risks related to the same factors as well as increased volatility and decreased trading volume. A fund uses derivatives, which may be riskier than other types of investments and may increase the volatility of a fund. A fund may not track the return of its underlying index for a number of reasons, such as operating expenses incurred by a fund that are not applicable to an index, and the time difference between calculating the value of an index and the net asset value of a fund.

There is no guarantee the funds will meet their investment objective. Diversification may not protect against market loss.

J.P. Morgan Mutual Funds and J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA.

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