Notification of changes to the underlying fund of L18 JPM Global Unconstrained Equity

Before the Effective Date

With effect from the Effective Date

Mirror Fund Name and Code

JPM Global Unconstrained Equity (L18)

JPM Global Growth (L18)

Underlying Fund Name

JPMorgan Funds – Global Unconstrained Equity Fund

JPMorgan Funds – Global Growth Fund

Investment Objective of the underlying fund

To provide long-term capital growth by investing primarily in an aggressively managed portfolio of companies, globally.

To provide long-term capital growth by investing primarily in a growth style biased portfolio of companies, globally.

Investment Approach of the underlying fund

Uses a fundamental bottom-up stock selection process.

Investment process built on leveraging the insights of a global analyst team to identify attractively valued companies using a quality and growth framework.

Uses a high-conviction approach to finding the best investment ideas with minimal constraints.

Uses a fundamental bottom-up stock selection process.

Uses a high-conviction approach to finding the best investment ideas with minimal stock, sector and country constraints.

Seeks to identify high quality companies with superior and sustainable growth potential.

Benchmark of the underlying fund

MSCI All Country World Index (Total Return Net)

MSCI All Country World Growth Index (Total Return Net)