JP MORGAN ETF EFFICIENTE 5 INDEX PERFORMANCE DETAILS

April 1, 2015

JPMorgan ETF Efficiente 5 Peformance Details

J. P. Morgan ETF Efficiente 5 Index (the "Index") Performance -- Bloomberg
EEJPUS5E Index

      2006       Jan    Feb     Mar      Apr    May      Jun     Jul    Aug     Sep      Oct    Nov     Dec    Full Year
EEJPUS5E Index 3.33%   (0.43%) 0.87%   1.30%   (2.25%) (0.31%) 0.58%   0.89%   (0.19%) 1.37%   1.67%   (0.73%)  6.16%
      2007       Jan    Feb     Mar      Apr    May      Jun     Jul    Aug     Sep      Oct    Nov     Dec    Full Year
EEJPUS5E Index 1.20%   (1.12%) (0.52%) 1.34%   0.28%   (1.57%) (0.71%) 0.30%   2.85%   2.91%   (0.21%) (0.20%)  4.52%
      2008       Jan    Feb     Mar      Apr    May      Jun     Jul    Aug     Sep      Oct    Nov     Dec    Full Year
EEJPUS5E Index 1.54%   2.23%   (1.20%) 0.25%   0.15%   0.54%   (1.34%) (0.93%) (2.07%) (6.08%) 3.31%   5.30%    1.26%
      2009       Jan    Feb     Mar      Apr    May      Jun     Jul    Aug     Sep      Oct    Nov     Dec    Full Year
EEJPUS5E Index (3.29%) (0.97%) 0.89%   (0.35%) 2.05%   (0.02%) 1.93%   0.46%   2.25%   0.11%   2.70%   (1.58%)  4.06%
      2010       Jan    Feb     Mar      Apr    May      Jun     Jul    Aug     Sep      Oct    Nov     Dec    Full Year
EEJPUS5E Index (0.12%) 0.19%   1.84%   2.08%   (2.24%) 0.74%   0.87%   2.92%   1.08%   0.54%   (1.94%) 0.56%    6.59%
      2011       Jan    Feb     Mar      Apr    May      Jun     Jul    Aug     Sep      Oct    Nov     Dec    Full Year
EEJPUS5E Index (0.15%) 1.76%   0.51%   1.38%   (0.95%) (1.26%) 3.89%   3.07%   0.45%   1.44%   0.41%   0.64%   11.62%
      2012       Jan    Feb     Mar      Apr    May      Jun     Jul    Aug     Sep      Oct    Nov     Dec    Full Year
EEJPUS5E Index 0.72%   0.28%   (0.85%) 1.28%   (0.39%) 1.43%   2.65%   0.27%   0.03%   (0.16%) 0.75%   0.72%    6.90%
      2013       Jan    Feb     Mar      Apr    May      Jun     Jul    Aug     Sep      Oct    Nov     Dec    Full Year
EEJPUS5E Index (0.37%) 0.14%   0.34%   2.93%   (4.25%) (0.93%) 2.21%   (1.19%) 0.69%   1.25%   0.95%   0.82%    2.41%
      2014       Jan    Feb     Mar      Apr    May      Jun     Jul    Aug     Sep      Oct    Nov     Dec    Full Year
EEJPUS5E Index (1.68%) 1.74%   (0.14%) 1.10%   1.72%   0.43%   (0.70%) 2.96%   (3.84%) 2.87%   1.70%   0.53%    6.67%
      2015       Jan    Feb     Mar      Apr    May      Jun     Jul    Aug     Sep      Oct    Nov     Dec      YTD
EEJPUS5E Index 2.85%   (0.75%) 0.17%                                                                            2.24%

Please see key risks on the next page for additional information. Source: J.P.
Morgan. Past performance is not a guide to future performance. "EEJPUS5E Index"
refers to the performance of J.P. Morgan ETF Efficiente 5 Index (Bloomberg:
EEJPUS5E Index). The levels of the Index incorporate an adjustment factor of
0.50% per annum.

Hypothetical, historical performance measures: Represents the monthly and full
calendar year performance of the Index based on as applicable to the relevant
measurement period, the hypothetical back tested daily closing levels from
December 31, 2005 through October 28, 2010, and the actual historical
performance of the Index based on daily closing levels from October 29, 2010
through March 31, 2015. The hypothetical historical values above have not been
verified by an independent third party. The back-tested, hypothetical
historical results above have inherent limitations. These back-tested results
are achieved by means of a retroactive application of a back-tested model
designed with the benefit of hindsight. No representation is made that an
investment linked to the Index will or is likely to achieve returns similar to
those shown. Alternative modelling techniques or assumptions would produce
different hypothetical historical information that might prove to be more
appropriate and that might differ significantly from the hypothetical
historical information set forth above. Hypothetical back-tested results are
neither an indicator nor a guarantee of future returns. Actual results will
vary, perhaps materially, from the analysis implied in the hypothetical
historical information that forms part of the information contained in the
table above.

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Key Risks
[] There are risks associated with a momentum-based  investment strategy- The
Index is different from a strategy that seeks long-term  exposure to a
portfolio consisting of constant components with fixed weights. The Index may
fail to realize gains that could occur from holding assets that have
experienced price declines, but experience a sudden price spike thereafter.

[] Correlation of performance among the Index constituents may reduce the
performance of the Index.

[] Our affiliate, JPMSL, is the Calculation Agent and may adjust the Index in a
way that affects its level--the  policies and judgements for which JPMSL is
responsible could have an impact, positive or negative, on the level of the
Index and the value of your investment. JPMSL is under no obligation to
consider your interest as an investor with returns linked to the Index.

[] The Index may not be successful, may not outperform any alternative strategy
related to the Index constituents, or may not achieve its target volatility of
5%.

[] The investment strategy involves monthly rebalancing and maximum weighting
caps applied to the Index constituents by asset type and geographical region.

[] Changes in the value of the Index constituents may offset each other.

[] An investment linked to the Index is subject to risks associated with non-U.
  S securities markets, such as emerging markets and currency exchange risk.

[] The Index was established on October 29, 2010 and has a limited operating
history.

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