J.P. Morgan Objetivo 2028

The Sub-Fund’s investment objective is to seek to provide Shareholders with capital appreciation while aiming to reach a minimum Net Asset Value per Share of €100 (the “Target NAV”) on the Maturity Date. The Sub-Fund will seek to achieve its investment objective primarily by: (i) Investing up to 100% of its assets into fixed income securities which will be fixed or floating rate securities, and include inflation linked securities issued by governments of one or more Member States of the European Economic Area (the “Bond Portfolio”). In particular the Bond Portfolio will include Italian government bonds, to which the Sub-Fund may have an exposure of up to a maximum of 100% of its Net Asset Value at the end of the Subscription Period, after which the exposure may vary due to market performance. Any non-EUR denominated bonds will be currency hedged into the Base Currency.