The manager seeks to achieve the stated objectives. There can be no guarantee the objectives will be met.

¹Source: Based on AUM for the derivative income category; Bloomberg & Morningstar Data as of March 13, 2026.

²Return of capital (ROC), which is not guaranteed, refers to the portion of a distribution from an investment that is not considered taxable income, because, for tax purposes, it is treated as a return of part of the original investment. ROC distributions are not taxed currently; however, they will generally lower an investor’s adjusted basis in an investment. By lowering basis, such distributions will ultimately result in a proportionately higher capital gain (or a smaller capital loss) when the investor sells the shares. Some investors might prefer the ability to delay taxes. ROC distributions in excess of an investor’s tax basis in the investment will generally be treated for tax purposes as capital gain.

³Yield represents annualized fund distributions, which may be taxed as qualified or ordinary dividends, capital gains, or return of capital. The funds’ investment strategies seek to generate return of capital distributions, but no assurance can be given. In certain market environments, essentially all distributions could be taxable to an investor as ordinary dividend income. Amounts paid in excess of an ETF’s current and accumulated earnings are treated for tax purposes first as a tax-free return of capital until an investor’s cost basis is reduced to zero; further amounts are taxed as capital gains. Return of capital isn’t taxed when received but lowers an investor’s basis, which can increase future taxes (or reduce losses) when you sell. Any distribution reduces the Fund’s NAV.

⁴Total return is derived from dividends, option premiums, and capital appreciation.

Investors should consult their own tax advisors regarding the tax consequences of an investment in the ETFs

Risks: 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. This investment relies on a proprietary fundamental data science enabled selection approach that utilizes proprietary techniques to process, analyze, and combine a wide variety of information to forecast the financial prospects of each security and to assess key risks. There is no guarantee that this approach will result in effective investment decisions or that it will perform as intended. Selling call options brings in upfront cash and can lower risk, but it caps upside if stocks rise. Buying call options risks losing the premium if they expire worthless. In unusual or illiquid markets, these strategies may not work as intended, may not reduce volatility as hoped, and can result in losses.

JEPQ and ROCQ Only: Nasdaq®, Nasdaq-100 Index®, Nasdaq 100® and NDX® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by J.P. Morgan Investment Management Inc. JPMorgan Nasdaq Equity Premium Yield ETF (the "Fund") has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.