PRODUCT HIGHLIGHTS SHEET Capital Guaranteed No Expense Ratio for A - PDF document

PRODUCT HIGHLIGHTS SHEET Prepared on 31 August 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 – MULTI-MANAGER ALTERNATIVES FUND (THE “SUB-FUND”) Product Type Investment Company Launch Date 11 January 2016 Management JPMorgan Asset Custodian J.P. Morgan Bank Luxembourg Company Management (Europe) S.A. (which is the Depositary) S.à r.l. Not Applicable Daily, on every Singapore Trustee Dealing Frequency Dealing Day PRODUCT HIGHLIGHTS SHEET Capital Guaranteed No Expense Ratio for A (acc) – SGD: N/A 2 financial year ending A (acc) – SGD (hedged): N/A 2 30 June 2019 A (acc) – USD: 2.60% PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? Further Information Refer to “Sub-Fund The Sub-Fund is only suitable for investors who: Descriptions – Multi- – are looking for capital growth with low volatility and low sensitivity to the performance Manager Alternatives of traditional equity and fixed income markets; Fund” of the Prospectus – seek exposure globally to non-traditional and alternative investment strategies and for further information on techniques; product suitability. – are looking to use it as part of an investment portfolio and not as a complete investment plan; – understand the complexity of the alternative strategies employed; and – are able to accept the product specific risks. 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 company Classes and Costs” and organised as a société anonyme under the laws of the Grand Duchy of Luxembourg “Sub-Fund Descriptions and qualifying as a SICAV and a UCITS. – Multi-Manager The Sub-Fund aims to provide long-term capital appreciation by investing in multiple Alternatives Fund” of the eligible asset classes globally, employing a variety of non-traditional or alternative Prospectus for further strategies and techniques, using derivatives where appropriate. information on features of the product. 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. 2 Expense Ratio is not available as Share Class was not established as at latest financial year end.

Investment Strategy The Sub-Fund invests in a diversified range of asset classes, either directly or Refer to “Sub-Fund through derivatives, including but not limited to, equities, government and corporate Descriptions – Multi- debt securities (including covered and high yield), convertible securities, commodity Manager Alternatives index instruments, UCITS, UCIs, ETFs and REITs. Issuers may be located in any Fund” of the Prospectus country including emerging markets. for further information on the investment strategy of The Sub-Fund may invest in distressed debt and catastrophe bonds to a limited the Sub-Fund. extent, up to 15% in MBS/ABS and up to 10% in contingent convertible bonds. Parties Involved WHO ARE YOU INVESTING WITH? Refer to “Fund Business Operations” of the 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 and responsibilities of The joint Investment Managers are J.P. Morgan Alternative Asset Management, Inc. these entities and what and JPMorgan Asset Management (UK) Limited. 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 “Sub- The value of your investment may fall as well as rise and you may get back less PRODUCT HIGHLIGHTS SHEET Fund Descriptions – Multi- than you originally invested. Manager Alternatives The Sub-Fund may have a higher volatility to its NAV due to its investment policy Fund” of the Prospectus when compared to sub-funds investing in global markets, with broader investment for further information on policies and/or are a less volatile asset class. 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. Multi-manager sub-fund – The Sub-Fund’s performance depends on the skill and ability of the Investment Manager in selecting, overseeing and allocating Sub-Fund assets to certain sub-investment managers. The loss of key investment personnel by any one sub-investment manager could have a detrimental effect on the performance of the Sub-Fund. Catastrophe bonds may lose part or all of their value if a trigger event occurs (such as a natural disaster or financial or economic failure). 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. 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. Debt securities (bonds) including those issued or guaranteed by governments and their agencies carry credit risk and interest rate risk. The Sub-Fund is also exposed to risks associated with investing in Below Investment grade debt, Investment grade debt, Government debt, Unrated debt and Distressed debt. Emerging markets may be subject to increased political, regulatory and economic instability, less developed custody and settlement practices, poor transparency, greater financial risks, higher volatility and lower liquidity than developed markets. Equities – The value of equity securities may go down as well as up in response to the performance of individual companies and general market conditions sometimes rapidly or unpredictably. MBS and ABS depend on the cash flows from a specified pool of financial assets and are subject to greater credit, liquidity, pre-payment and interest rate risk and may be more volatile and less liquid than other bonds.