JPM BetaBuilders US Equity UCITS ETF D $

Objectives, Process and Policies Objective The Sub-Fund seeks to provide returns that correspond with those of the Index by investing primarily in US stocks. Share Class Index Morningstar US Target Market Exposure Index The Sub-Fund pursues a passively managed (index tracking) strategy. The Sub-Fund aims to track the performance of the Index as closely as possible, regardless of whether the Index level rises or falls, while seeking to minimise as far as possible the tracking error between the Sub-Fund's performance and that of the Index. The Index is comprised primarily of large and mid-capitalisation stocks issued by companies in the US. Companies in the Index mainly operate within the information technology, health care, financial services and consumer sectors. The Investment Manager will aim to replicate the Index by holding all of the Index Securities in a similar proportion to their weighting in the Index. However, where full replication of the Index is not reasonably possible, the Sub-Fund will use the optimisation methodology to select Index Securities in order to build a representative portfolio that provides a return that is comparable to that of the Index. Consequently, the Sub-Fund may over certain periods only hold a certain sub-set of the Index Securities. The Sub-Fund may hold securities that are not constituents of the Index where such securities provide similar exposure by industry and company characteristics to the relevant Index Securities. The Sub-Fund may, for efficient portfolio management purposes, use financial derivative instruments. USD is the base currency of the Sub-Fund. It is currently anticipated that the tracking error of the Sub-Fund will be up to 100 bps under normal market conditions. The causes of tracking error can include but are not limited to the following: holdings/size of the Sub-Fund, cash flows, such as any delays in investing subscription proceeds into the Sub-Fund or realising investments to meet redemptions, fees and

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No