JPMorgan Liquidity Funds - EUR Government CNAV Fund S (dist.)/  LU2757993519  /

The Sub-Fund seeks to achieve a return in the Reference Currency in line with prevailing money market rates whilst aiming to preserve capital consistent with such rates and to maintain a high degree of liquidity. The Sub-Fund will invest its assets in short term EUR denominated Government or Government backed Debt Securities (including Government Bonds, Treasury bills and other money market instruments) and Reverse Repurchase Agreements. Such Reverse Repurchase Agreements will be fully collateralised by EUR denominated Government Debt Securities. All aforementioned investments will be denominated in Euros. The Sub-Fund may have exposure to investments with zero or negative yields in adverse market conditions.

The Sub-Fund seeks to achieve a return in the Reference Currency in line with prevailing money market rates whilst aiming to preserve capital consistent with such rates and to maintain a high degree of liquidity.