JPMorgan Funds (Asia) Limited ("JPMFAL") is licensed by the Hong Kong Securities and Futures Commission and acts as manager, or as agent for the relevant manager, for each fund. JPMFAL acts as agent to distribute funds managed by other associated entities within the JPMorgan Chase & Co. group. JPMFAL and its employees may receive remuneration in the form of transfer pricing or commission, or other non-monetary benefits including access to research and training materials, for distributing the funds.