Notification of changes to the underlying funds of various JP Morgan funds

06 April 2020

- J30 JPMorgan India
- J32 JPMorgan Pacific Securities
- J34 JPMorgan Asia Growth
- J42 JPM USD Money Market VNAV
- J47 JPMorgan Thailand
- J95 JPMorgan Pacific Technology
- L18 JPM Global Unconstrained Equity
- L19 JPM Global Natural Resources
- L36 JPMorgan Indonesia
- P66 JPMorgan Asian Smaller Companies
- R08 JPMorgan ASEAN
- R09 JPM Taiwan
- R09 JPM Taiwan

We recently published an update on our website in relation to changes to the pricing method of the underlying funds of the above named mirror funds, which was effective on 17 March 2020. We have been further notified by J.P. Morgan Asset Management (the “Company”) of the following additional changes to the pricing method of the underlying funds of the above named mirror funds. These additional changes have taken effect from 30 March 2020 (the “Effective Date”).

The Company have confirmed the below, which has been extracted from the additional website notice of the underlying funds of the above named mirror funds:

“This is to inform you that, in line with the updated CSSF FAQ on Swing Pricing Mechanism published on 20 March 2020, the Board of Directors has decided to introduce flexibility to increase the maximum swing factor for sub-funds in JPMorgan Funds and JPMorgan Investment Funds from 2% (as currently set out in the prospectuses) up to a maximum of 5%, if this is deemed necessary in the prevailing market conditions and is in the best interests of shareholders. The swing factors applied to specific sub-funds are available on request from the Management Company at its registered office.

The prospectuses of JPMorgan Funds and JPMorgan Investment Funds will be updated at the next opportunity to reflect that the maximum swing factor may be increased up to 5% in certain market circumstances.”

Should you have any questions regarding these changes, please contact International Funds & Investments.