AsianInvestor Asset Management Awards 2020 - Fund House of the Year - Hong Kong6)

For Hong Kong Investors only SICAV Range FACT SHEET | February 28, 2022

1)Dividends reinvested after deduction of withholding tax. 2)Annualised yield = [(1+distribution per unit/ex-dividend NAV)^distribution frequency]-1. The annualised dividend yield is calculated based on the latest dividend distribution with dividend reinvested, and may be higher orlower than the actual annual dividend yield. Positive distribution yield does not imply positive return. 3)Available for purchase in Hong Kong on 27.01.14. 4)With the exception of the "Average annual return" figure, all data are calculated from the month end after inception.5)Investments in, or exposure to, any single entity (other than Government and other public securities) cannot exceed 10% of the Fund’s total net asset value. 6)Issued by AsianInvestor, 2020 award, reflecting performance as at the previous calendar year end. Unless statedotherwise, all information as at the last valuation date of the previous month. Source: J.P. Morgan Asset Management/Thomson Reuters Datastream (NAV to NAV in denominated currency with income reinvested). Source of ratings: Morningstar, Inc., 5-Star Rating awarded to A(mth) - USD Class and A (mth) - HKD Class. Risk ratings (if any) are based on J.P. Morgan Asset Management's assessment of relative risk by asset class and historical volatility of the fund where applicable. The risk ratings are reviewed annually or as appropriate and for referenceonly. Any overweight in any investment holding exceeding the limit set out in the Investment Restrictions was due to market movements and will be rectified shortly. It should be noted that due to the difference of the fund domiciles the valuation points used by Unit Trust rangeand SICAV range of funds for fair valuation (where applied) may vary. For details please refer to the respective offering document(s). The AUD/CAD/EUR/GBP/NZD/RMB/SGD Hedged Classes (where applicable) are not recommended for investors whose base currency ofinvestment is not in the aforesaid currencies.

For funds offering classes with a distribution feature, such classes aim at monthly, quarterly, semi-annual or annual distribution as the case may be. Dividend rate is not guaranteed. Distributions may be paid fromcapital. The investment returns are calculated in denominated currency. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currencyexchange rate. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document(s) for details, including the risk factors. This document has not beenreviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.For more information, please contact your bank, financial adviser or visit www.jpmorgan.com/hk/am/ today.

JPMorgan Funds - Emerging Markets Dividend Fund• The Fund invests primarily in dividend-yielding equity securities of emerging market companies.• The Fund is therefore exposed to risks related to equity, emerging markets, smaller companies, currency, liquidity, high volatility and regulatory policies of certain

equity markets in emerging market countries, derivative, hedging, distribution (no assurance on distribution, distribution rate or dividend yield) and class currency. Forcurrency hedged share classes, the currency hedging process may not give a precise hedge and there is no guarantee that the hedging will be totally successful. For “(irc)” share classes, they may have greater capital erosion, and their NAV may fluctuate more and be significantly different to the other share classes.

• The Fund may at its discretion pay dividends out of capital. The Fund may also at its discretion pay dividends out of gross income while charging all or part of the Fund’s fees and expenses to the capital of the Fund, resulting in an increase in distributable amount for the payment of dividends and therefore, effectively paying dividendsout of realised, unrealised capital gains or capital. Investors should note that, share classes of the Fund which pay dividends may distribute not only investmentincome, but also realised and unrealised capital gains or capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s originalinvestment or from any capital gains attributable to that original investment. Any dividend payments, irrespective of whether such payment is made up or effectivelymade up out of income, realised and unrealised capital gains or capital, may result in an immediate reduction of the net asset value per share. Also, a positivedistribution yield does not imply a positive return on the total investment.

• Investors may be subject to substantial losses.• Investors should not solely rely on this document to make any investment decision.

INVESTMENT OBJECTIVETo provide income by investing primarily in dividend-yielding equitysecurities of emerging market companies, whilst participating in longterm capital growth.

EXPERTISEFund ManagerOmar Negyal, Jeffrey Roskell, Isaac Thong

FUND INFORMATION (A (mth) - USD)

Fund base currencyUSD

Total fund size (m)USD 525.6

SEDOLB932414

ISIN codeLU0862451837

Bloomberg codeJPEMDAD LX

Current chargeInitial : 5.0% of NAVRedemption : 0%Management fee : 1.5% p.a.

Denominated currency and NAV per unitA (mth) - USD : USD 90.22A (irc) - AUD (hedged) : AUD 8.50A (mth) - HKD : HKD 10.03A (irc) - GBP (hedged) : GBP 10.19

12 month NAVHigh : USD 98.90 (31/05/21)Low : USD 89.07 (24/02/22)

Distribution frequency(mth) : Expected monthly(irc) : Expected monthly

YIELD (%)Last distribution(xd date)/Annualised yield2)

A (mth) - USD USD 0.331 (08/02/22)/4.32%A (irc) - AUD (hedged) AUD 0.03 (08/02/22)/4.16%A (mth) - HKD HKD 0.037 (08/02/22)/4.36%A (irc) - GBP (hedged) GBP 0.038 (08/02/22)/4.39%

RATINGSMorningstar Rating™ ★ ★ ★ ★ ★

Morningstar Category™ Global Emerging Markets Equity

RISK

PERFORMANCE

CUMULATIVE PERFORMANCE (%)

JPM Emerging Markets Dividend A (mth) - USD

MSCI Emerging Markets Index (Total Return Net)1)

01/13 01/14 01/15 01/16 01/17 01/18 01/19 01/20 01/21 01/22 01/2360

80

100

120

140

160

REBA

SED

-40

-20

0

20

40

60

% CH

ANGE

Since 18/02/13

1 month 1 year 3 years 5 years Since launch

Launchdate

A (mth) - USD3) -2.9 -1.2 30.1 52.5 39.5 18/02/13Benchmark (in USD)1) -3.0 -10.7 19.2 40.2 36.0

A (irc) - AUD (hedged)3) -2.9 -2.1 23.3 43.0 39.8 23/04/13A (mth) - HKD3) -2.7 -0.5 29.5 53.2 47.7 15/01/14

A (irc) - GBP (hedged) -3.0 -1.9 24.7 41.1 35.7 19/12/14

CALENDAR YEAR PERFORMANCE (%)

2017 2018 2019 2020 2021 2022YTD

A (mth) - USD3) 27.0 -10.7 20.8 15.4 6.8 -4.1

Benchmark (in USD)1) 37.3 -14.6 18.4 18.3 -3.3 -4.1

A (irc) - AUD (hedged)3) 27.3 -11.7 18.9 11.9 6.1 -4.2

A (mth) - HKD3) 28.0 -10.6 20.0 14.9 7.3 -3.8

A (irc) - GBP (hedged) 25.4 -12.6 18.3 13.3 6.3 -4.1

For Hong Kong Investors only

FACT SHEET | February 28, 2022

1)Dividends reinvested after deduction of withholding tax. 2)Annualised yield = [(1+distribution per unit/ex-dividend NAV)^distribution frequency]-1. The annualised dividend yield is calculated based on the latest dividend distribution with dividend reinvested, and may be higher orlower than the actual annual dividend yield. Positive distribution yield does not imply positive return. 3)Available for purchase in Hong Kong on 27.01.14. 4)With the exception of the "Average annual return" figure, all data are calculated from the month end after inception.5)Investments in, or exposure to, any single entity (other than Government and other public securities) cannot exceed 10% of the Fund’s total net asset value. 6)Issued by AsianInvestor, 2020 award, reflecting performance as at the previous calendar year end. Unless statedotherwise, all information as at the last valuation date of the previous month. Source: J.P. Morgan Asset Management/Thomson Reuters Datastream (NAV to NAV in denominated currency with income reinvested). Source of ratings: Morningstar, Inc., 5-Star Rating awarded to A(mth) - USD Class and A (mth) - HKD Class. Risk ratings (if any) are based on J.P. Morgan Asset Management's assessment of relative risk by asset class and historical volatility of the fund where applicable. The risk ratings are reviewed annually or as appropriate and for referenceonly. Any overweight in any investment holding exceeding the limit set out in the Investment Restrictions was due to market movements and will be rectified shortly. It should be noted that due to the difference of the fund domiciles the valuation points used by Unit Trust rangeand SICAV range of funds for fair valuation (where applied) may vary. For details please refer to the respective offering document(s). The AUD/CAD/EUR/GBP/NZD/RMB/SGD Hedged Classes (where applicable) are not recommended for investors whose base currency ofinvestment is not in the aforesaid currencies.

For funds offering classes with a distribution feature, such classes aim at monthly, quarterly, semi-annual or annual distribution as the case may be. Dividend rate is not guaranteed. Distributions may be paid fromcapital. The investment returns are calculated in denominated currency. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currencyexchange rate. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document(s) for details, including the risk factors. This document has not beenreviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.For more information, please contact your bank, financial adviser or visit www.jpmorgan.com/hk/am/ today.

PORTFOLIO ANALYSIS (A (mth) - USD)

3 years 5 years Since Launch4)

Correlation 0.96 0.95 0.96

Annualized Alpha % 3.07 2.15 0.59

Beta 0.99 0.94 0.92

Annualised volatility % 18.29 16.07 15.41

Sharpe ratio 0.46 0.47 0.19

Annualised tracking error % 4.81 4.92 4.71

Average annual return % 9.17 8.81 3.76

HOLDINGS5) (as at end January 2022)

TOP 10 MarketSector

%

Taiwan Semiconductor TaiwanInformation Technology

9.3

Samsung Electronics South KoreaInformation Technology

6.4

Infosys IndiaInformation Technology

4.4

Wal-Mart MexicoConsumer Staples

3.6

Tata Consultancy Services IndiaInformation Technology

3.4

China Construction Bank ChinaFinancials

3.1

China Merchants Bank ChinaFinancials

3.0

Grupo Financiero Banorte MexicoFinancials

2.6

Hong Kong Exchanges and Clearing ChinaFinancials

2.5

NetEase ChinaCommunication Services

2.4

PORTFOLIO BREAKDOWN

Market

2.9%

3.3%

4.7%

5.5%

7.0%

7.3%

9.1%

23.4%

36.8%

Net Liquidity

Brazil

Indonesia

Others

India

South Korea

Mexico

Taiwan

China

Sector

1.5%

2.3%

2.5%

2.9%

6.5%

10.5%

11.9%

27.4%

34.5%

Real Estate

Others

Industrials

Net Liquidity

Communication Services

Consumer Discretionary

Consumer Staples

Financials

Information Technology

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