JP Morgan UK Smaller Companies Fund a Shares Net Accumulation

Report as of 23 Sep 2021

JP Morgan UK Smaller Companies Fund A Shares Net Accumulation

Morningstar® Category Morningstar® Benchmark Fund Benchmark Morningstar Rating™ UK Small-Cap Equity FTSE Small Cap Ex Investment Trust Numis SC Plus AIM Ex Invt Com TR QQQ TR GBP GBP Used throughout report

Investment Objective Performance

The fund seeks to provide long-term capital growth by 232 investing primarily in UK smaller companies. 199 166 133 100 67

2016 2017 2018 2019 2020 2021-08 -2.45 24.55 -12.68 39.16 6.91 27.26 Fund 12.54 15.61 -13.80 17.68 1.65 35.62 Benchmark 7.71 25.97 -11.98 25.26 7.29 26.91 Category

Risk Measures Trailing Returns % Fund Bmark Cat Quarterly Returns % Q1 Q2 Q3 Q4 3Y Alpha 4.34 3Y Sharpe Ratio 0.73 3 Months 8.41 3.59 6.53 2021 6.24 10.39 - - 3Y Beta 0.87 3Y Std Dev 22.92 6 Months 19.12 15.52 16.18 2020 -31.04 17.81 10.29 19.32 3Y R-Squared 82.15 3Y Risk Avg 1 Year 53.66 75.44 55.44 2019 7.09 7.12 1.26 19.81 3Y Info Ratio 0.30 5Y Risk Avg 3 Years Annualised 15.30 11.69 12.68 2018 -1.57 9.19 -1.60 -17.43 3Y Tracking Error 10.19 10Y Risk Avg 5 Years Annualised 15.47 10.54 14.59 2017 8.58 2.19 6.13 5.77 Calculations use FTSE Small Cap Ex Investment Trust TR GBP (where applicable) 10 Years Annualised 14.59 13.93 14.85 Data as of 22/09/2021

Portfolio 31 Jul 2021

Asset Allocation % Net Equity Style Box™ Mkt Cap % Fund America Europe Asia Large Size Stocks 97.28 Giant 0.10

Bonds 0.00 Mid Large 0.10 Cash 1.97 Medium 24.53 Other 0.75 Small Small 66.56

Value Blend Growth Micro 8.71 Style

Average Mkt Cap (Mil) Fund Ave Mkt Cap GBP 1,126.55 <25 25-50 50-75 >75 Top Holdings Stock Sector Weightings % Fund World Regions % Fund Holding Name Sector % hCyclical 52.47 Americas 1.60 Watches of Switzerland Group... t 3.69 rBasic Materials 2.56 United States 1.59 iShares FTSE 250 ETF GBP Dist - 3.39 tConsumer Cyclical 30.81 Canada 0.00 Halfords Group PLC t 2.74 yFinancial Services 15.69 Latin America 0.01 Reach PLC 2.71 Real Estate 3.41 i u Greater Europe 97.71 Future PLC i 2.66 jSensitive 38.57 United Kingdom 95.12 Vistry Group PLC t 2.59 iCommunication Services 11.92 Eurozone 1.56 Ergomed PLC d 2.42 oEnergy 1.28 Europe - ex Euro 0.21 Dunelm Group PLC t 2.37 pIndustrials 13.94 Europe - Emerging 0.00 CMC Markets PLC y 2.37 aTechnology 11.44 Africa 0.01 Alpha FX Group PLC y 2.31 Middle East 0.81 kDefensive 8.96 Assets in Top 10 Holdings % 27.26 sConsumer Defensive 4.31 Greater Asia 0.69 Total Number of Equity Holdings 91 dHealthcare 4.57 Japan 0.01 Total Number of Bond Holdings 0 fUtilities 0.08 Australasia 0.63 Asia - Developed 0.03 Asia - Emerging 0.02

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JPM UK Smaller Companies A Acc

Operations

Fund Company JPMorgan Funds Limited Share Class Size (mil) 40.58 GBP Minimum Initial Purchase 1,000 GBP Phone - (23/09/2021) Minimum Additional Purchase 100 GBP Website www.jpmorgan.co.uk/ Domicile United Kingdom Total Expense Ratio - investor Currency GBP Ongoing Charge 1.60% Inception Date 16 Jul 1987 UCITS Yes Performance Fee - Manager Name Georgina Brittain Inc/Acc Acc Manager Start Date 19 Sep 2000 ISIN GB0030880255 NAV (22/09/2021) GBP 7.76 Total Net Assets (mil) (31 200.25 GBP Jul 2021)