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Jpmorgan Fund III ICVC Contents

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Jpmorgan Fund III ICVC Contents PROSPECTUS – 4 JUNE 2021 JPMorgan Fund III ICVC Contents Page IMPORTANT NOTES .......................................................................................................................... 4 Glossary of Terms.................................................................................................................................. 6 Part 1: The Company ...................................................................................................................... 16 1.1 General .................................................................................................................................. 16 1.2 The Structure of the Company .............................................................................................. 16 1.3 Shares .................................................................................................................................... 17 Part 2: The Service Providers ......................................................................................................... 19 2.1 The Authorised Corporate Director ...................................................................................... 19 2.2 The Depositary ...................................................................................................................... 20 2.3 The Investment Adviser ........................................................................................................ 22 2.4 The Registrar ......................................................................................................................... 23 2.5 The Auditors.......................................................................................................................... 23 2.6 The Custodian ....................................................................................................................... 23 2.7 The Administrator ................................................................................................................. 23 2.8 Shareholders' Rights against Service Providers .................................................................... 24 2.9 Conflicts of Interest ............................................................................................................... 24 2.10 Marketing Material ................................................................................................................ 25 Part 3: The Company's Investment & Borrowing Powers ........................................................... 26 3.1 General rules of investment .................................................................................................. 26 3.2 Prudent spread of risk ............................................................................................................ 26 3.3 Non-UCITS retail schemes - permitted types of Scheme Property ....................................... 26 3.4 Eligibility of transferable securities and money market instruments for investment by a non-UCITS retail scheme .............................................................................................. 27 3.5 Eligible markets regime: purpose and requirements ............................................................. 27 3.6 Spread: general ...................................................................................................................... 28 3.7 Spread: Government and public securities ............................................................................ 29 3.8 Investment in nil and partly paid securities ........................................................................... 30 3.9 Investment in collective investment schemes ....................................................................... 30 3.10 Leverage ................................................................................................................................ 31 3.11 Derivatives - general ............................................................................................................. 33 3.12 Efficient Portfolio Management (‘EPM’) (including hedging) ............................................. 33 3.13 Permitted transactions (derivatives and forwards) ................................................................ 34 3.14 Transactions for the purchase of property ............................................................................. 35 3.15 Requirement to cover sales ................................................................................................... 35 3.16 OTC transactions in derivatives ............................................................................................ 36 3.17 Risk Management Process .................................................................................................... 36 3.18 Schemes replicating an index ................................................................................................ 36 3.19 Derivative exposure .............................................................................................................. 37 3.20 Cover for transactions in derivatives and forward transactions ............................................ 37 1 3.21 Investment in property .......................................................................................................... 37 3.22 Investment in property through an intermediate holding vehicle. ......................................... 39 3.23 Investment limits for immovables ......................................................................................... 39 3.24 Stock lending ......................................................................................................................... 40 3.25 Securities Financing Transactions Regulation .......................................................................41 3.26 Cash and near cash ................................................................................................................ 41 3.27 Borrowing powers ................................................................................................................. 41 3.28 Restrictions on lending of money ......................................................................................... 42 3.29 Restrictions on lending of property other than money. ......................................................... 42 3.30 General power to accept or underwrite placings ................................................................... 42 3.31 Guarantees and indemnities .................................................................................................. 42 3.32 Investment Restriciton applying to cluster munitions……………………………………………………43 Part 4: Valuations, Pricing & Dealing ........................................................................................... 44 4.1 Valuations ............................................................................................................................. 44 4.2 Price of Shares ...................................................................................................................... 46 4.3 Dealing in Shares .................................................................................................................. 47 4.4 ACD's policy on holding Shares ........................................................................................... 59 Part 5: Charges & Expenses ........................................................................................................... 60 5.1 The ACD's Preliminary and Switching Charges ................................................................... 60 5.2 The ACD's Redemption Charges .......................................................................................... 60 5.3 Payments by the Company to the ACD ................................................................................ 60 5.4 Operating Expenses .............................................................................................................. 61 5.5 Other Expenses Payable out of the Scheme Property ........................................................... 62 5.6 Allocation of Charges and Expenses between Funds ........................................................... 63 Part 6: Determination & Distribution Of Income ......................................................................... 64 6.1 Annual reports ....................................................................................................................... 65 Part 7: Shareholders' Voting Rights .............................................................................................. 67 7.1 General Meetings .................................................................................................................. 67 7.2 Notice and Quorum ............................................................................................................... 67 7.3 Voting Rights ........................................................................................................................ 67 7.4 Fund and Class Meetings ...................................................................................................... 68 7.5 Annual General Meeting ....................................................................................................... 68 Part 8: Termination ......................................................................................................................... 69 Part 9: Taxation ..............................................................................................................................
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