¹ Broadridge's 2025 Fund Brand 50 study asked 1,200+ fund selectors to rank top suppliers for "Keeping best informed" as of March 2025.

² 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 ETF AUM data as of December 31, 2024. AUM includes all active fixed income funds that sit in Global Fixed Income, Currency and Commodities at J.P. Morgan Asset Management in addition to JPST which sits in Global Liquidity.

³ Award source: ETF Express. For the issuer categories, the pre-selection data for the issuer shortlists was provided by Trackinsight. Candidates in all asset class categories and groupings were determined on the basis of the following criteria: All US ETFs that were listed before 6/1/22 and that have not closed at the date when processing the data were included. 1. For each category, all of an issuer’s ETFs in that specific asset class category or grouping were combined to give a total assets under management figure. 2. Within all categories, issuers with assets of below $100Mn were excluded (based on average assets during the period under review). 3. Shortlist nominations were based on the percentage change in the issuers’ assets under management in each category over a 12-month period from 5/31/22 to 6/1/23. 4. Where the universe in specific asset class categories permitted, issuers were also grouped by average asset thresholds such as $100Mn–1Bn, $1Bn–10Bn and $10Bn+.

⁴ Source: SS Market Intelligence SIMFUND as of August 31, 2024. JPMorgan Ranked #1 of 75 Managers for Active ETF AUM within Morningstar's Taxable Bond and Municipal Bond US Category Groups.

RISK SUMMARY FOR HELO: Writing options on S&P 500 ETFs can reduce equity market risk, but it limits the opportunity to profit from an increase in the market value of stocks in exchange for upfront cash at the time of selling the call option. The value of positions in options on S&P 500 ETFs will fluctuate in response to changes in the value of the underlying ETF or index. Unusual market conditions or the lack of a ready market for any particular option at a specific time may reduce the effectiveness of the option strategies. As a result, the option strategies may not reduce the investment’s volatility to the extent desired and could result in losses.

RISK SUMMARY FOR JEPI: The prices of equity securities are sensitive to a wide range of factors, from economic to company-specific news, and can fluctuate rapidly and unpredictably, causing an investment to decrease in value. 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.

RISK SUMMARY FOR JEPQ: Risk Summary The price of equity securities may fluctuate rapidly or unpredictably due to factors affecting individual companies, as well as changes in economic or political conditions. These price movements may result in loss of your investment. Investments in Equity-Linked Notes (ELNs) are subject to liquidity risk, which may make ELNs difficult to sell and value. Lack of liquidity may also cause the value of the ELN to decline. Since ELNs are in note form, they are subject to certain debt securities risks, such as credit or counterparty risk. Should the prices of the underlying instruments move in an unexpected manner, the Fund may not achieve the anticipated benefits of an investment in an ELN, and may realize losses, which could be significant and could include the Fund's entire principal investment.

RISK SUMMARY FOR JPST: Risk Summary Investments in asset-backed, mortgage-related and mortgage-backed securities are subject to certain risks including prepayment and call risks, resulting in an unexpected capital loss and/or a decrease in the amount of dividends and yield. During periods of difficult credit markets, significant changes in interest rates or deteriorating economic conditions, such securities may decline in value, face valuation difficulties, become more volatile and/or become illiquid.

RISK SUMMARY FOR JIRE: International investing has a greater degree of risk and increased volatility due to political and economic instability of some overseas markets. Changes in currency exchange rates and different accounting and taxation policies outside the U.S. can affect returns.

RISK SUMMARY FOR JCPB: Risk Summary The value of investments in mortgage-related and asset-backed securities will be influenced by the factors affecting the housing market and the assets underlying such securities. The securities may decline in value, face valuation difficulties, become more volatile and/or become illiquid. They are also subject to prepayment risk, which occurs when mortgage holders refinance or otherwise repay their loans sooner than expected, creating an early return of principal to holders of the loans.

RISK SUMMARY FOR JAVA & JGRO: The price of equity securities may fluctuate rapidly or unpredictably due to factors affecting individual companies, as well as changes in economic or political conditions. These price movements may result in loss of your investment.

RISK SUMMARY FOR JPIE: Risk Summary Securities rated below investment grade are considered "high-yield," "non-investment grade," "below investment-grade," or "junk bonds." They generally are rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although they can provide higher yields than higher rated securities, they can carry greater risk.

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