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Investor Presentaiton

JPM's Global Bond Opportunities Strategy investment performance (net of fees) As at 31 May 2020 Rolling performance (USD, Net of fees) Global Bond Opportunities Fund 8% 6% Bloomberg Barclays Multiverse Index (Hedged to USD) 6.75% 4.80% 3.77% 4.14% 4.11% 4.10% 4.19% 4.03% 2.98% 3.58% 3.45% 4% 2.45% 2% 0.49 % 0.12% 0% -0.74% -2% -1.17% 1 Month 3 Months YTD 1 Year 3 Year pa 5 Year p.a. 7 Year p.a. Volatility Global Bond Opportunities Fund Bloomberg Barclays Multiverse Index (Hedged to USD) Calendar year performance (USD, Net of fees) 1 Year 3 Year p.a. 7.66% 4.87% 4.11% 2.91% 5 Year p.a. 4.49% 2.84% 7 Year p.a. 4.23% 2.75% Since Inception p.a. Since inception p.a. 4.19% 2.79% 15% 10% 7.30% 7.53% 4.22% 5.15% 6.50% 52% 3.40% 5% 10.35% 0.00% 0.91% 0% -5% 2013 2014 2015 2016 2017 1.58% -2.08% 2018 10.85% 8.47% 2019 Global Bond Opportunities Fund Bloomberg Barclays Multiverse Index (Hedged to USD) Source: J.P. Morgan Asset Management. "Fund Inception date: 22 February 2013. Performance returns are shown based on the official Net Asset Value (NAV) of share class C (acc) in USD. All calculations are net of any applicable charges and taxes incurred by the share class, but gross of any entry/exit fees or taxes charged to the shareholders. Fund performance shown before C Share Class launch on 29 August 2014 has been simulated based on the gross performance of the default Share Class of the Fund since inception with the addition of the maximum ongoing charges applicable to the C Share Class as set out in the Prospectus with gross income reinvested. Retums for penods greater than one year are annualised. Volatility is calculated using monthly returns. Please refer to the fund's prospectus for a description of the other available classes of shares, the performance of which will differ from that shown above. Past performance is not an indication of current and future performance. 46
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