The Fund is classified as a financial product under Article 8 of the EU Sustainable Finance Disclosure Regulation. The Fund promotes environmental or social characteristics and has partial sustainable investments as its objective. The Fund integrates ESG factors and risk in the investment process alongside traditional factors. Detailed information on the sustainability related disclosures of the Fund can be found in the Pre-Contractual Document (annex of the prospectus) on https://www.gsam.com/responsible-investing/en-INT/non-professional/funds/documents. The fund qualifies as a feeder fund, meaning that the fund invests at least 85% of its assets in JPMorgan Funds – US Value Fund (the master fund). The residual assets of the fund (up to 15%) are exclusively invested in ancillary liquid assets (e.g. money market instruments) or held as cash, as may be required from time to time for dealing, for liquidity purposes and the payment of costs and expenses of the fund. The fund has the same investment objectives and policy as the master fund. However, the performance of both the fund and the master fund may not be equal due, in particular, to costs and expenses incurred by the fund and residual assets investments. The master fund aims to provide long-term capital growth by investing primarily in a value style biased portfolio of US companies. At least 67% of the master fund’s assets (excluding cash and cash equivalents) will be invested in a value style biased portfolio of equity securities of companies that are domiciled in, or carrying out the main part of their economic activity in, the US. At least 51% of assets are invested in companies with positive environmental and/or social characteristics that follow good governance practices as measured through the master fund’s management company proprietary ESG scoring methodology and/or third party data. The Master Fund invests at least 10% of assets excluding ancillary liquid assets, deposits with credit institutions, money market instruments, money market funds and derivatives for efficient portfolio management, in sustainable investments, as defined under SFDR, contributing to environmental or social objectives. The investment team of the master fund evaluates and applies values and norms based screening to implement exclusions. To support this screening, it relies on third party provider(s) who identify an issuer’s participation in or the revenue which they derive from activities that are inconsistent with the values and norms based screens. The list of screens applied that may result in exclusions can be found on the master fund’s management company website (www.jpmorganassetmanagement.lu). The master fund systematically includes ESG analysis in its investment decisions on at least 90% of securities purchased. The master fund may also invest in Canadian companies. The master fund may hold up to a maximum of 20% of net assets in ancillary liquid assets and up to 20% of assets in deposits with credit institutions, money market instruments and money market funds for managing cash subscriptions and redemptions as well as current and exceptional payments. Up to 100% of net assets may be held in ancillary liquid assets for defensive purposes on a temporary basis, if justified by exceptionally unfavourable market conditions. The master fund may also invest in UCITS and other UCIs. The master fund may invest in assets denominated in any currency and currency exposure may be hedged. The master fund may use financial derivative instruments for the purposes of hedging and efficient portfolio management. The fund will invest in a EUR hedged share class of the master fund. This share class seeks to minimise the effect of currency fluctuations between the Reference Currency of the master fund (USD) and the Reference Currency of this share class (EUR). The benchmark of the share class is Russell 1000 Value Index (Total Return Net of 30% withholding tax) Hedged to EUR. The benchmark is a point of reference against which the performance of the share class may be measured. The master fund is actively managed. Though the majority of its holdings (excluding derivatives) are likely to be components of the benchmark, the Investment Manager has broad discretion to deviate from its securities, weightings and risk characteristics. The degree to which the master fund may resemble the composition and risk characteristics of the benchmark will vary over time and its performance may be meaningfully different. You can sell or buy your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.