Legal Disclaimers

Important Information Relating to the Six Circles Funds and J.P. Morgan

Past performance does not guarantee future results.

This Website is a general communication being provided for informational purposes only. It is educational in nature and not designed to be a recommendation for any specific investment product, strategy, plan feature or other purposes. By receiving this communication, you agree with the intended purpose described above. Any examples used in this material are generic, hypothetical and for illustration purposes only.

None of J.P. Morgan, its affiliates or representatives is suggesting that the recipient or any other person take a specific course of action or any action at all. Communications such as this are not impartial and are provided in connection with the advertising and marketing of products and services. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, legal, tax and other professional advisors that take into account all of the particular facts and circumstances of an investor’s own situation.

Mutual fund investing involves risk. The value of an investment in a Fund could go down.

Investors should carefully consider the investment objectives and risks as well as charges and expenses of a Six Circles Fund before investing. The summary and full prospectuses contain this and other information about the Six Circles Funds. For more complete information about one or more of the Six Circles Funds, call your J.P. Morgan representative for a copy of the relevant prospectus, or download it from this site. Read the prospectus carefully before investing.

Investment returns and principal value will fluctuate, so shares, when sold, may be worth more or less than original cost.

Opinions and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The views and strategies described may not be suitable for all investors.

Neither J.P. Morgan nor any of its affiliates can represent that the statements or opinions expressed today will materialize.

The Six Circles Funds are distributed by Foreside Fund Services, LLC, a member of FINRA/SIPC.

The Six Circle Funds are available only to investors participating in investment advisory programs or trusts managed by JPMorgan Chase Bank, N.A., J.P. Morgan Private Investments Inc. or one of their affiliates, and are intended only for persons eligible to purchase U.S.-registered mutual funds.

J.P. Morgan Private Investments Inc., an affiliate of J.P. Morgan, serves as investment adviser to each of the Funds, overseeing one or more underlying non-J.P. Morgan managers and directing how the Fund allocates assets among managers and strategies. J. P. Morgan Private Investments Inc. does not retain any investment advisory fees from these Funds. However, standard fund service provider expenses and fees, including third-party management fees, apply. In addition, client Portfolio Account or Advisory Fees, and Trust Administration Fees if applicable, apply to all assets invested in Six Circles Funds.

An investment in this Fund or any other fund is not designed to be a complete investment program. It is intended to be part of a broader investment program administered by J.P. Morgan. The performance and objectives of the Fund should be evaluated only in the context of a complete investment program. The Fund is managed to take into account the investment goals of the broader investment program. Therefore, changes in value of the Fund may be particularly pronounced and the Fund may underperform a similar fund managed without consideration of the broader investment program. The Fund is NOT designed to be used as a standalone investment.

IMPORTANT INFORMATION ABOUT YOUR INVESTMENTS AND POTENTIAL CONFLICTS OF INTEREST

Conflicts of interest will arise whenever JPMorgan Chase Bank, N.A., J.P. Morgan Private Investments Inc. or any of its affiliates (together, “J.P. Morgan”) have an actual or perceived economic or other incentive in its management of our clients’ portfolios to act in a way that benefits J.P. Morgan. Conflicts will result, for example (to the extent the following activities are permitted in your account): (1) when J.P. Morgan invests in an investment product, such as a mutual fund, structured product, separately managed account or hedge fund issued or managed by JPMorgan Chase Bank, N.A., J.P. Morgan Private Investments Inc. or an affiliate, such as J.P. Morgan Investment Management Inc.; (2) when a J.P. Morgan entity obtains services, including trade execution and trade clearing, from an affiliate; (3) when J.P. Morgan receives payment as a result of purchasing an investment product for a client’s account; or (4) when J.P. Morgan receives payment for providing services (including shareholder servicing, recordkeeping or custody) with respect to investment products purchased for a client’s portfolio. Other conflicts will result because of relationships that J. P. Morgan has with other clients or when J.P. Morgan acts for its own account in an unrelated transaction.

Investment strategies are selected from both J.P. Morgan and third-party asset managers and are subject to a review process by our manager research teams. From this pool of strategies, our portfolio construction teams select those strategies we believe fit our asset allocation goals and forward looking views in order to meet the portfolio's investment objective.

As a general matter, we prefer J.P. Morgan-managed strategies. We expect the proportion of J.P. Morgan-managed strategies will be high (in fact, up to 100 percent) in strategies such as, for example, cash and high-quality fixed income, subject to applicable law and any account-specific considerations.

While our internally managed strategies generally align well with our forward-looking views, and we are familiar with the investment processes as well as the risk and compliance philosophy of the firm, it is important to note that J.P. Morgan receives more overall fees when internally managed strategies are included. We offer the option of choosing to exclude J.P. Morgan-managed strategies (other than cash and liquidity products) in certain portfolios.

In the case of the Six Circles Funds, which are mutual funds managed by J.P. Morgan and sub-advised by third parties, J.P. Morgan may experience certain efficiencies and benefits from investing your account assets in the Funds. Although considered internally managed strategies, J.P. Morgan does not retain a fee for fund management or for providing any other services to the Funds.

LEGAL ENTITY AND REGULATORY INFORMATION

JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) offer investment products, which may include bank-managed accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (JPMS), a member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMCB, JPMS and CIA are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

J.P. Morgan is the brand name for the wealth management business of JPMorgan Chase Bank, N.A. and its affiliates worldwide.

INVESTMENT AND INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED