/or operation of any such fund. For complete information, please refer to the applicable Offering Memorandum. Securities are made available through J.P Morgan Securities LLC ("JPMS"), Member FINRA, NYSE and S1PC, and its broker-dealer affiliates. J.P. Morgan Investment Management, Inc. ('JPMIM") is a subsidiary of JPMorg

r providing various sere ices to the funds. Bank products and «racer are offered by 1PMecgan Owsc Bank N A and as affiliates Seasnues are offered by J.P Morgan Securities LLC. matter NYSE. FINRA and SRC Investment Products Not FDIC enured No bank guarantee May lose value J.P Morgan Page9of 10 1 Confidential Treatment