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Thailand Equity Fund

(3 and 5 Years)3)

OUTSTANDING ACHIEVER Thailand Equity Fund4)

Morningstar Overall RatingsTM

Risk

1 2 3 4 5

JPMorgan Thailand Fund


Unit Trust Range
The Fund invests primarily in securities of companies based or operating principally in Thailand. The Fund is therefore exposed to emerging markets, diversification, liquidity, currency and equity risks. Investors may be subject to substantial losses. Investors should not solely rely on this document to make any investment decision.

August 2013

Investment objective
To provide long-term capital appreciation through a portfolio consisting primarily of securities of companies based or operating principally in Thailand.

Performance from 31.12.02 to 31.07.13 (in denominated currency)


1300 1000
REBASED

1200 900
% CHANGE

JPMorgan Thailand (acc) - USD MSCI Thailand Net Index1)


(Since 01.05.12)

Portfolio information
Fund manager Launch date Total fund size (m) Denominated currency and NAV per unit 12 month High NAV: Low Current Initial charge: Redemption Management fee SEDOL/ISIN code Bloomberg code Sarinee Sernsukskul/ Pauline Ng, Singapore 08.08.89 USD 531.4 USD 126.38 USD 148.74 (09.05.13) USD 98.12 (03.08.12) 5.0% of NAV 0.5% of NAV 1.5% p.a. JFTHAII HK

700 400 100 -200 03 04 05 06 07 08 09 10 11 12 13

600 300 0 -300

Cumulative performance % (in denominated currency)


(acc) - USD Class Benchmark1) 1 month -2.2 1 year 3 years 5 years Since launch +28.4 +94.9 +171.7 +1,422.6

-3.0 +12.0 +70.9 +148.0 +164.3

Calendar year performance % (in denominated currency)


(acc) - USD Class Benchmark
1)

2008 2009 2010 2011 2012 2013YTD -51.2 +86.5 +69.0 -5.7 +46.5 +4.1 -47.2 +79.9 +63.5 -0.9 +34.2 -2.4

B42HZN4/HK0000055787

Statistical analysis
Since 3 years 5 years launch2) Correlation Alpha % Beta Annual volatility % Sharpe ratio Annual tracking error % Average annual return % 0.97 0.99 0.89 0.38 22.76 1.08 5.31 24.91 0.11 30.03 0.72 5.16 22.13 0.69 32.22 0.26 16.53 12.02 1.00 1.05 0.79

Portfolio analysis
2.3% 3.3% 4.0% 4.1% 4.9% 11.5% 16.1% 22.3% 31.5% Health Care Consumer Staples Consumer Discretionary Net Liquidity Industrials Telecommunication Services Materials Energy Financials

Top five holdings (as at end June 2013)


Holding Advanced Info Service PCL Kasikornbank PCL PTT Exploration & Production PCL PTT PCL Siam Cement PCL Sector Telecommunication Services Financials Energy Energy Materials Country/region % Thailand 9.7 Thailand 9.6 Thailand 9.4 Thailand 9.3 Thailand 8.7

For more information, please contact your bank, financial adviser or visit www.jpmorganam.com.hk

Unless stated otherwise, all information as at the last valuation date of the previous month. Source: J.P. Morgan Asset Management/Thomson Reuters Datastream (NAV to NAV in denominated currency with income reinvested). Source of star rating: Morningstar, Inc. Risk ratings (if any) are based on J.P. Morgan Asset Managements assessment of relative risk by asset class and historical volatility of the fund where applicable. The risk ratings are reviewed annually or as appropriate and for reference only. Investors are advised to consult our Investment Advisers before investing. Any overweight in any investment holding exceeding the limit set out in the Investment Restrictions was due to market movements and will be rectified shortly. Top ten holdings is available upon request. It should be noted that due to the difference of the fund domiciles the valuation points used by Unit Trust range and SICAV range of funds for fair valuation (where applied) may vary. For details please refer to the respective offering document(s). 1)Dividends reinvested after deduction of withholding tax. Prior to 01.05.12, SET Total. Prior to 03.01.02, SET Price (price change only, dividends not taken into account). 2)With the exception of the Average annual return figure, all data are calculated from the month end after inception. 3)Lipper Fund Awards Hong Kong 2010 (reflect fund performance as of 2009). 4)Benchmark Fund of the Year Awards 2011 (reflect fund performance as of end-October 2011).

Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document(s) for details, including the risk factors. This document has not been reviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.

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