<p>Fixed income investments</p>

Source: J.P. Morgan Chase & Co., J.P. Morgan Asset Management and Morningstar. The manager seeks to achieve the stated objectives. There can be no guarantees those objectives will be met. Past performance is not indicative of comparable future results. See additional disclosures at the end of this deck for more information regarding Morningstar.

¹ As of March 16, 2026.

² Percent of AUM outperforming benchmark: 1 YR 80.5%; 5 YR 89%; 10 YR 92%. As of 12/31/25. Source: J.P. Morgan Asset Management. Methodology: Calculated by adding total AUM of all US active fixed income share classes of mutual funds and ETFs beating 10-year performance benchmark, as shown in each Fund’s prospectus, divided by total AUM of all with a 10-year track record. Gross of fund expenses. Excludes passive funds, 529 funds, and privately placed mutual funds for institutional clients. A Fund’s performance benchmark may be different from the Fund’s regulatory benchmark. The Fund’s regulatory benchmark is included in the Fund’s prospectus and/or shareholder report which can be obtained at www.jpmorganfunds.com.