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 – Global Bond Opportunities 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 achieve a return in excess of the benchmark by investing opportunistically in an unconstrained portfolio of debt securities and currencies, using financial derivative instruments where appropriate. At least 67% of the master fund's assets (excluding cash and cash equivalents) will be invested, either directly or through the use of financial derivative instruments, in debt securities, including, but not limited to, debt securities issued by governments and their agencies, state and provincial governmental entities and supranational organisations, corporate debt securities, asset-backed securities and mortgage-backed securities (including covered bonds) and currencies. Issuers of these securities may be located in any country, including emerging markets. The master fund may invest in below investment grade and unrated debt securities. The master fund may invest a significant portion of its assets in mortgage backed and asset-backed securities. The master fund will allocate its investments opportunistically through the use of both long and short positions (achieved through the use of financial derivative instruments) across countries, sectors, currencies and credit ratings of debt securities and therefore these allocations may vary significantly over time. The master fund will invest in financial derivative instruments to achieve its investment objective. Such instruments may also be used for the purposes of hedging. The master fund is may invest in deposits with credit institutions, money market instruments and money market funds for investment purposes. The master fund may hold up to 100% of its assets in these instruments on a temprary basis for defensive purposes. Furthermore the master fund may hold up to 20% of net assets in ancillary liquid assets for managing cash subscriptions and redemptions as wel ass 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 invest up to 10% of its total assets in convertible bonds. The master und may hold up to 10% of its total assets in equity securities typically as a result of events relating to the master fund's investments in debt securities including, but not limited to, debt securities converting or being restructured. The master fund may also use equity derivatives for the purposes of managing equity exposure as well as the master fund's correlation to equity markets. The master fund may hold up to a maximum of 10% of its assets in Contingent Convertible Securities. The master fund may invest in assets denominated in any currency. However a majority of the assets of the master fund will be denominated in, or hedged into, USD. The master fund invests at least 51% of assets invested in issuers with positive environmental and/or social characteristics that follow good governance practices as measured through the master funds’s investment manager's 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 master fund systematically includes ESG analysis in its investment decisions on at least 75% of non-investment grade and emerging market sovereign and 90% of investment grade securities purchased. 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 Bloomberg Multiverse Index (Total Return Gross) 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 without reference or constraints relative to its benchmark. 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.