Category: SICAV

To provide long-term capital growth by investing primarily in companies of countries that are part of the Eurozone ("Euroland Countries"). Investment approach B Uses the Behavioural Finance process that is based on investments in stocks with specific style characteristics, such as value, quality and momentum. B Applies a disciplined, bottom-up investment approach to stock selection. Share Class Benchmark MSCI EMU Index (Total Return Net) Benchmark uses B Performance comparison. The Sub-Fund will bear some resemblance to its benchmark. POLICIES Main investment exposure At least 75% of net assets invested in equities (excluding convertible securities, index and participation notes and equity linked notes) of companies that are domiciled, or carrying out the main part of their economic activity, in a Euroland Country. Other investment exposures Up to 10% in companies from other continental European countries. Derivatives Used for: efficient portfolio management; hedging. Types: see Sub-Fund Derivatives Usage table under How the Sub-Funds Use Derivatives, Instruments and Techniques in the Prospectus. TRS including CFD: none. Global exposure calculation method: commitment. Currencies Sub-Fund Base Currency: EUR. Currencies of asset denomination: predominantly EUR. Hedging approach: typically unhedged. Redemption and Dealing Shares of the Sub-Fund may be redeemed on demand, with dealing normally on a daily basis. Distribution Policy This Share Class normally pays an annual dividend in September based on reportable income. This Share Class intends to qualify as a reporting fund under UK tax law for offshore funds. For an explanation of some of the terms used in this document, please visit the glossary on our website at www.jpmorganassetmanagement.lu