PRODUCT HIGHLIGHTS SHEET A (div) SGD: 1.80% ending 30 June 2019 A - PDF document

PRODUCT HIGHLIGHTS SHEET Prepared on 27 March 2020 This Product Highlights Sheet is an important document. • It highlights the key terms and risks of this investment product and complements the Singapore Prospectus 1 (“ Prospectus ”). • It is important to read the Prospectus before deciding whether to purchase shares in the product. If you do not have a copy, please contact us to ask for one. • You should not invest in the product if you do not understand or are not comfortable with the accompanying risks. • If you wish to purchase this product, you will need to make an application in the manner set out in the Prospectus. JPMORGAN FUNDS – ASIA PACIFIC INCOME FUND (THE “SUB-FUND”) Product Type Investment Company Launch Date 15 June 2001 Management JPMorgan Asset Custodian J.P. Morgan Bank Company Management (Europe) Luxembourg S.A. (which is S.à r.l. the Depositary) Trustee Not Applicable Dealing Frequency Daily, on every Singapore Dealing Day No A (acc) – USD: 1.80% Capital Guaranteed Expense Ratio A (dist) – USD: 1.80% for financial year PRODUCT HIGHLIGHTS SHEET A (div) – SGD: 1.80% ending 30 June 2019 A (irc) – AUD (hedged): 1.80% A (mth) – SGD: 1.80% A (mth) – SGD (hedged): 1.80% A (mth) – USD: 1.80% PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? Further Information Refer to “Sub-Fund The Sub-Fund is only suitable for investors who: Descriptions – Asia – seek a combination of income and long-term capital growth through Pacific Income Fund” exposure to the Asia Pacific region (excluding Japan); of the Prospectus for – seek a flexible asset allocation approach; and further information on – are looking to use it as part of an investment portfolio and not as a complete product suitability. investment plan. The principal of the Sub-Fund may be at risk. You should consult your financial advisor on the suitability of the Sub-Fund for you if you are in doubt. KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? Refer to “Fund Business Operations”, “Share You are investing in a sub-fund of the Fund, an open-ended investment Classes and Costs” and company organised as a société anonyme under the laws of the Grand Duchy “Sub-Fund Descriptions of Luxembourg and qualifying as a SICAV and a UCITS. – Asia Pacific Income The Sub-Fund aims to provide income and long term capital growth by Fund” of the Prospectus investing primarily in income-generating securities of countries in the Asia for further information on Pacific region (excluding Japan). features of the product. Periodic dividends may be made available at the sole discretion of the Management Company in respect of the share classes with the suffix “(dist)”, “(div)”, “(irc)” and “(mth)” at the relevant frequency described in the Prospectus. Dividends paid by “(irc)” share classes are further adjusted, up or down for, respectively, an estimated positive or negative interest rate carry. Distribution of dividends are not guaranteed. Dividends may in certain circumstances be paid out of capital, resulting in any erosion of the capital invested. 1 The Prospectus is available for collection from the Singapore Representative at 168 Robinson Road, 17th Floor, Capital Tower, Singapore 068912 or any appointed Singapore distributor.

Investment Strategy At least 67% of assets invested in equities, debt securities, convertible Refer to “Sub-Fund securities of companies and REITS that are domiciled, or carrying out the Descriptions – Asia main part of their economic activity in the Asia Pacific region (excluding Japan) Pacific Income Fund” including emerging markets. The Sub-Fund may have significant positions in of the Prospectus for specific sectors or markets from time to time. further information on the investment strategy The Sub-Fund will hold a minimum of 25% and a maximum of 75% of its of the Sub-Fund. assets in equities and between 25% and 75% of its assets in debt securities. There are no credit quality or maturity restrictions applicable to the investments and a significant proportion may be invested in below investment grade and unrated debt securities. The Sub-Fund may invest up to 10% of its assets in onshore PRC securities including China-A Shares through the China-Hong Kong Stock Connect Programmes (“Stock Connect”) and onshore debt securities issued within the PRC through China-Hong Kong Bond Connect. The Sub-Fund may also invest up to 10% of its assets in contingent convertible bonds. Parties Involved WHO ARE YOU INVESTING WITH? Refer to “Fund Business Operations” of the PRODUCT HIGHLIGHTS SHEET JPMorgan Funds is the umbrella fund company of the Sub-Fund. Prospectus for further The Management Company is JPMorgan Asset Management (Europe) S.à r.l.. information on the role The Investment Manager is JPMorgan Asset Management (Asia Pacific) and responsibilities of Limited. these entities and what happens if they become The Depositary is J.P. Morgan Bank Luxembourg S.A.. insolvent. KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? Refer to “Risk Descriptions” and The value of your investment may fall as well as rise and you may get back “Sub-Fund Descriptions less than you originally invested. – Asia Pacific Income The Sub-Fund may have a higher volatility to its NAV due to its investment Fund” of the Prospectus policy when compared to sub-funds investing in global markets, with broader for further information investment policies and/or are a less volatile asset class. on risks and other associated risks of the product. Market and Credit Risks YOU ARE EXPOSED TO MARKET AND CREDIT RISKS Concentration – When a Sub-Fund invests in a limited number of securities, industries, sectors or within a limited geographical area, it is likely to be more volatile and risky as its performance will be more strongly affected by political, economic, environmental or market conditions within that area or economic sector. China risks – Investing in the domestic market of the People’s Republic of China (PRC) is subject to the risks of investing in emerging markets and additionally risks that are specific to the PRC market such as risks in investing through Stock Connect. Contingent convertible bonds are likely to be adversely impacted should specific trigger events occur. This may result in the bond converting to equity at a discount, the value being written down and/or coupon payments ceasing or being deferred. Convertible securities have characteristics of both debt and equity securities and carry credit, default, equity, interest rate, liquidity and market risks. Convertible securities are usually subordinated to comparable nonconvertible securities and generally do not participate directly in dividend changes of the underlying securities.