AsianInvestor Asset Management

Awards 2020 - Fund House of the

Year - Hong Kong5)

For Hong Kong Investors only

Unit Trust Range FACT SHEET | February 28, 2021

JPMorgan Global Bond Fund

• The Fund invests primarily (at least 80%) in global investment grade debt securities. The Fund will have limited RMB denominated underlying investments.
• The Fund is exposed to risks related to debt securities (including credit risk, interest rate risk, below investment grade/ unrated investment risk, investment grade
bond risk, sovereign debt risk and valuation risk), emerging markets, currency, derivatives, liquidity, hedging, class currency, currency hedged classes and Eurozone
sovereign debt crisis. For RMB hedged class, risks associated with the RMB currency and currency hedged classes risks. RMB is currently not freely convertible and
RMB convertibility from offshore RMB (CNH) to onshore RMB (CNY) is a managed currency process subject to foreign exchange control policies of and restrictions
imposed by the Chinese government. There can be no assurance that RMB will not be subject to devaluation at some point. The Manager may, under extreme market
conditions when there is not sufficient RMB for currency conversion and with the approval of the Trustee, pay redemption monies and/or distributions in USD.
• Where the income generated by the Fund is insufficient to pay a distribution as the Fund declares, the Manager may at its discretion determine such distributions may
be paid from capital including realised and unrealised capital gains. Investors should note that the payment of distributions out of capital represents a return or
withdrawal of part of the amount they originally invested or from any capital gains attributable to that original investment. Any payments of distributions by the Fund
may result in an immediate decrease in the net asset value per unit.
• Investors may be subject to substantial losses.
• Investors should not solely rely on this document to make any investment decision.

INVESTMENT OBJECTIVE PERFORMANCE

To achieve a return in excess of global bond markets by investing CUMULATIVE PERFORMANCE (%)
primarily (i.e. at least 80% of its total net asset value) in global
investment grade debt securities. JPMorgan Global Bond (san) - USD
Bloomberg Barclays Global Aggregate ex-Securitized Index (Total Return Gross)
EXPERTISE Hedged to USD1)
Fund Manager 130 30
Arjun Vij, Jason Pang
120 20
FUND INFORMATION ((san) - USD)

% CHANGE
REBASED

Fund base currency Denominated currency and NAV per unit 110 10
USD (san) - USD : USD 22.73
Total fund size (m) (acc) - RMB (hedged) : RMB 13.46
100 0
USD 1,562.8 (mth) - AUD (hedged) : AUD 9.87
(mth) - CAD (hedged) : CAD 9.89
SEDOL (mth) - HKD : HKD 9.92 90 -10
B42HQ19 (mth) - NZD (hedged) : NZD 9.88 02/11 02/12 02/13 02/14 02/15 02/16 02/17 02/18 02/19 02/20 02/21
ISIN code (mth) - RMB (hedged) : RMB 9.76 Since 28/02/11
HK0000055654 (mth) - USD : USD 9.91
Since Launch
12 month NAV 1 month 1 year 3 years 5 years
Bloomberg code launch date
JFGLBTI HK High : USD 23.71 (09/03/20)
(san) - USD -1.3 1.0 13.9 17.3 1,447.7 01/05/79
Low : USD 22.11 (19/03/20)
Current charge Benchmark (in USD)1) -1.7 0.2 15.3 19.9 -
Initial : 3.0% of NAV Distribution frequency
Redemption : 0% (san) : Expected semiannually (acc) - RMB (hedged) -1.1 3.0 18.0 28.2 34.6 13/05/15
Management fee : 0.8% p.a. (mth) : Expected monthly (mth) - AUD (hedged) -1.3 0.5 12.2 17.3 21.4 13/05/15
(mth) - CAD (hedged) -1.4 0.8 12.2 14.6 17.2 13/05/15
YIELD (%)
Last distribution(xd date)/Annualised yield2) (mth) - HKD -1.2 0.7 12.9 17.0 19.9 13/05/15
(san) - USD USD 0.4281 (30/09/20)/3.79% (mth) - NZD (hedged) -1.3 0.9 12.8 18.7 23.9 13/05/15
(mth) - AUD (hedged) AUD 0.0274 (26/02/21)/3.38% (mth) - RMB (hedged)3) -1.1 3.0 17.9 28.1 34.3 13/05/15
(mth) - CAD (hedged) CAD 0.0283 (26/02/21)/3.49%
(mth) - USD -1.3 1.1 13.9 17.2 19.8 13/05/15
(mth) - HKD HKD 0.029 (26/02/21)/3.57%
(mth) - NZD (hedged) NZD 0.029 (26/02/21)/3.58%
(mth) - RMB (hedged) RMB 0.0489 (26/02/21)/6.18% CALENDAR YEAR PERFORMANCE (%)#
(mth) - USD USD 0.029 (26/02/21)/3.57%
2016 2017 2018 2019 2020 2021YTD
RATINGS (san) - USD 3.1 2.9 0.3 8.7 5.7 -1.9
Benchmark (in USD)1) 4.3 3.1 1.7 8.7 5.8 -2.3
Morningstar Category™ Global Bond - USD Hedged
(acc) - RMB (hedged) 5.4 6.9 1.7 9.1 7.5 -1.6
RISK (mth) - AUD (hedged) 4.3 3.5 0.1 7.9 5.2 -2.0
(mth) - CAD (hedged) 2.8 2.4 -0.4 7.9 5.6 -2.0
(mth) - HKD 3.1 3.7 0.4 8.1 5.3 -1.9
(mth) - NZD (hedged) 4.7 3.8 0.3 7.9 5.5 -1.9
(mth) - RMB (hedged)3) 5.1 6.9 1.8 9.0 7.5 -1.6
(mth) - USD 3.1 2.9 0.2 8.7 5.8 -2.0

#On 13.05.15, the fund name, investment objective, policy and restrictions were changed. Performance prior to 13.05.15 was achieved under circumstances that no longer apply. Please refer to the offering document for details. 1)Formerly known as Barclays Global Aggregate ex
Securitised Total Index (USD hedged). Prior to 13.05.15, J.P. Morgan Global Government Bond Total Index. 2)Annualised yield = [(1+distribution per unit/ex-dividend NAV)^distribution frequency]-1. The annualised dividend yield is calculated based on the latest dividend distribution
with dividend reinvested, and may be higher or lower than the actual annual dividend yield. Positive distribution yield does not imply positive return. 3)This share class is not available on the J.P. Morgan eTrading platform. 4)With the exception of the "Average annual return"
figure, all data are calculated from the month end after inception. 5)Issued by AsianInvestor, 2020 award, reflecting performance as at the previous calendar year end. Unless stated otherwise, all information as at the last valuation date of the previous month. Source: J.P. Morgan
Asset Management/RIMES (NAV to NAV in denominated currency with income reinvested). Source of bond rating: Moody's, S&P and Fitch. Risk ratings (if any) are based on J.P. Morgan Asset Management's assessment of relative risk by asset class and historical volatility of the
fund where applicable. The risk ratings are reviewed annually or as appropriate and for reference only. Any overweight in any investment holding exceeding the limit set out in the Investment Restrictions was due to market movements and will be rectified shortly. It should be
noted that due to the difference of the fund domiciles the valuation points used by Unit Trust range and SICAV range of funds for fair valuation (where applied) may vary. For details please refer to the respective offering document(s). The AUD/CAD/EUR/GBP/NZD/RMB/SGD
Hedged Classes (where applicable) are not recommended for investors whose base currency of investment is not in the aforesaid currencies.
For funds offering classes with a distribution feature, such classes aim at monthly, quarterly, semi-annual or annual distribution as the case may be. Dividend rate is not guaranteed. Distributions may be paid from
capital. The investment returns are calculated in denominated currency. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currency
exchange rate. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document(s) for details, including the risk factors. This document has not been
reviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.
For more information, please contact your bank, financial adviser or visit www.jpmorgan.com/hk/am/ today.
For Hong Kong Investors only

FACT SHEET | February 28, 2021

PORTFOLIO CHARACTERISTICS PORTFOLIO BREAKDOWN
Bond quality (%) AAA: 31.9 Market
AA: 11.8 United States 29.8%
A: 22.7
BBB: 21.3 Others 18.6%
<BBB: 1.8 Germany 9.2%
Non Rated: 3.3 United Kingdom 8.8%
Average: duration/maturity (years) 6.9/7.9 Japan 7.8%
Yield to maturity (%) 1.10
Italy 7.4%
Net Liquidity 7.3%
PORTFOLIO ANALYSIS ((san) - USD) China 6.4%
3 years 5 years Since Launch4) Canada 4.7%
Correlation 0.98 0.98 -
Sector
Alpha % -0.02 -0.03 -
Beta 0.96 0.99 - Government 58.1%
Annualised volatility % 3.21 3.07 7.94 Corporate (Investment Grade) 24.8%
Sharpe ratio 0.91 0.64 - Net Liquidity 7.3%
Annualised tracking error % 0.70 0.64 - Agency 5.8%
Average annual return % 4.42 3.24 6.76 EMD 1.9%
Corporate (HY) 1.2%
Supranationals 0.8%
HOLDINGS (as at end January 2021) Mortgage (Non-Call) 0.1%
TOP 10 %
US Department of The Treasury 0.25% 30/06/25 4.4
Government of Japan 2.5% 20/09/35 2.9
Federal Republic of Germany 0% 15/02/30 2.9
People's Republic of China 3.02% 22/10/25 2.4
People's Republic of China 3.27% 19/11/30 2.3
Her Majesty The Queen In Right of Canada 0.5% 01/09/25 2.2
United Kingdom of Great Britain And Northern Ireland 0.375% 22/10/30 2.1
United Kingdom of Great Britain And Northern Ireland 4.75% 07/12/30 2.0
People's Republic of China 1.99% 09/04/25 1.9
Republic of Italy 1.35% 01/04/30 1.9

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#On 13.05.15, the fund name, investment objective, policy and restrictions were changed. Performance prior to 13.05.15 was achieved under circumstances that no longer apply. Please refer to the offering document for details. 1)Formerly known as Barclays Global Aggregate ex
Securitised Total Index (USD hedged). Prior to 13.05.15, J.P. Morgan Global Government Bond Total Index. 2)Annualised yield = [(1+distribution per unit/ex-dividend NAV)^distribution frequency]-1. The annualised dividend yield is calculated based on the latest dividend distribution
with dividend reinvested, and may be higher or lower than the actual annual dividend yield. Positive distribution yield does not imply positive return. 3)This share class is not available on the J.P. Morgan eTrading platform. 4)With the exception of the "Average annual return"
figure, all data are calculated from the month end after inception. 5)Issued by AsianInvestor, 2020 award, reflecting performance as at the previous calendar year end. Unless stated otherwise, all information as at the last valuation date of the previous month. Source: J.P. Morgan
Asset Management/RIMES (NAV to NAV in denominated currency with income reinvested). Source of bond rating: Moody's, S&P and Fitch. Risk ratings (if any) are based on J.P. Morgan Asset Management's assessment of relative risk by asset class and historical volatility of the
fund where applicable. The risk ratings are reviewed annually or as appropriate and for reference only. Any overweight in any investment holding exceeding the limit set out in the Investment Restrictions was due to market movements and will be rectified shortly. It should be
noted that due to the difference of the fund domiciles the valuation points used by Unit Trust range and SICAV range of funds for fair valuation (where applied) may vary. For details please refer to the respective offering document(s). The AUD/CAD/EUR/GBP/NZD/RMB/SGD
Hedged Classes (where applicable) are not recommended for investors whose base currency of investment is not in the aforesaid currencies.
For funds offering classes with a distribution feature, such classes aim at monthly, quarterly, semi-annual or annual distribution as the case may be. Dividend rate is not guaranteed. Distributions may be paid from
capital. The investment returns are calculated in denominated currency. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currency
exchange rate. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document(s) for details, including the risk factors. This document has not been
reviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.
For more information, please contact your bank, financial adviser or visit www.jpmorgan.com/hk/am/ today.