JPMorgan Europe Sustainable Small Cap Equity Fund (JPM)

Sustainable, Responsible &/or ESG Policy:

INVESTMENT OBJECTIVE

To provide long-term capital growth by investing primarily in small capitalisation European companies with positive E/S characteristics or small capitalisation companies that demonstrate improving E/S characteristics. Companies with positive E/S characteristics are those that the Investment Manager believes to have effective governance and superior management of environmental and/or social issues (sustainable characteristics).

INVESTMENT PROCESS
Investment approach

• Uses a bottom-up stock selection process.
• Uses the full breadth of the eligible equity investment universe througha combination of fundamental research insights and quantitativeanalysis.
• Integrates ESG aspects to identify companies with strong or improving sustainability characteristics.

Share Class Benchmark MSCI Europe Small Cap Index (Total Return Net)

Benchmark uses and resemblance
Performance comparison.
The Sub-Fund is actively managed. The majority of the Sub-Fund’s holdings (excluding derivatives) are likely to be components of the benchmark and it is managed within indicative risk parameters that typically limit the Investment Manager’s discretion to deviate from its securities, weightings and risk characteristics. 
As a result, the Sub-Fund will bear a resemblance to the composition and risk characteristics of its benchmark; however, the Investment Manager’s discretion may result in performance that differs from the benchmark.

POLICIES
Main investment exposure

At least 80% of assets invested in equities of small capitalisation companies with positive E/S characteristics or small capitalisation companies that demonstrate improving E/S characteristics and that are domiciled, or carrying out the main part of their economic activity, in a European country. The remainder of assets may be invested in equities of companies considered less sustainable than those described above.
Companies with positive E/S characteristics and companies that demonstrate improving E/S characteristics are selected through the use of proprietary research and third party data. Fundamental analysis is used to better understand sustainability risks and opportunities that may impact a company. This analysis is also an important driver behind active company engagement and stewardship when seeking to positively influence business practices to improve sustainability. Further information on JPMorgan Asset Management's stewardship and engagement with companies including the Investment Stewardship Report is available on the Management Company's Website (www.jpmorganassetmanagement.lu).
The Sub-Fund invests at least 50% of assets in Sustainable Investments, as defined under SFDR, contributing to environmental or social objectives.
Market capitalisation is the total value of a company's shares and may fluctuate materially over time. Small capitalisation companies are those whose market capitalisation is within the range of the benchmark for the Sub-Fund at the time of purchase.
The Sub-Fund systematically includes ESG criteria in investment analysis and investment decisions on at least 90% of securities purchased (excluding cash).
The Sub-Fund excludes certain sectors, companies / issuers or practices from the investment universe based on specific values or norms-based screening policies. These policies set limits or full exclusions on certain industries and companies based on specific ESG criteria and/or minimum standards of business practice based on international norms.
To support this screening, it relies on third party provider(s) who identify an issuer's participation in or the revenue which they derive from activities that are inconsistent with the values and norms based screens.
Third party data may be subject to limitations in respect of its accuracy and / or completeness. The exclusions policy for the Sub-Fund can be found on the Management Company's Website (www.
jpmorganassetmanagement.lu).

(Source: KIID, as at December 2025)

SDR Labelling:

Not eligible to use label (out of scope)