Philadelphia, PA

Logo:

J.P. Morgan Private Bank.

On screen:

A man with brown hair, brown eyes and glasses, Stéphane Bancel, speaks remotely from his office. Behind him is a long book shelf and an abstract painting on the wall.

Text on screen:

Stéphane Bancel, CEO of Moderna.

Stéphane Bancel:

What, what I was the most excited about all day Michael, is that of course the efficacy is very high. 94% is wonderful. What what is even more important to me, uh, for individuals and for public health is that the 6% of people who got disease, all got mild disease.

On screen:

A man with short black hair, brown eyes, and glasses, Michael Cembalest, speaks remotely from his office, overlooking New York City.

Text on screen:

Michael Cembalest, Chairman of Market and Investment Strategy, J.P. Morgan Asset and Wealth Management.

Michael Cembalest:

For all the people in the vaccine group that still got sick, none of them died, none of them are hospitalized, and I don't think any of them even required oxygenation, which means that even if the vaccine didn't work on you and you got sick, it- it still mitigated substantially the severity of the infection.

On screen:

Close-up of Stéphane.

Stéphane Bancel:

Exactly. And that's what we really cared about because if you look at the impact on the economy, which is what you study, Michael, it was because countries were shut down and all of the constraints around, uh, people to slow down hospitalization.

Logo:

J.P. Morgan Private Bank.

Text on screen:

KEY RISKS. 

This material is for information purposes only, and may inform you of certain products and services offered by J.P. Morgan’s wealth management businesses, part of JPMorgan Chase & Co. (“JPM”). Products and services described, as well as associated fees, charges and interest rates, are subject to change in accordance with the applicable account agreements and may differ among geographic locations.

Not all products and services are offered at all locations. If you are a person with a disability and need additional support accessing this material, please contact your J.P. Morgan team or email us at accessibility.support@jpmorgan.com for assistance. Please read all Important Information. 

GENERAL RISKS & CONSIDERATIONS. Any views, strategies or products discussed in this material may not be appropriate for all individuals and are subject to risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results. Asset allocation/diversification does not guarantee a profit or protect against loss. Nothing in this material should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes (e.g., equities, fixed income, alternative investments, commodities, etc.) or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges, and expenses associated with an investment service, product or strategy prior to making an investment decision. For this and more complete information, including discussion of your goals/situation, contact your J.P. Morgan team.

NON-RELIANCE. Certain information contained in this material is believed to be reliable; however, JPM does not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage (whether direct or indirect) arising out of the use of all or any part of this material. No representation or warranty should be made with regard to any computations, graphs, tables, diagrams or commentary in this material, which are provided for illustration/reference purposes only. The views, opinions, estimates and strategies expressed in this material constitute our judgment based on current market conditions and are subject to change without notice. JPM assumes no duty to update any information in this material in the event that such information changes. Views, opinions, estimates and strategies expressed herein may differ from those expressed by other areas of JPM, views expressed for other purposes or in other contexts, and this material should not be regarded as a research report. Any projected results and risks are based solely on hypothetical examples cited, and actual results and risks will vary depending on specific circumstances. Forward-looking statements should not be considered as guarantees or predictions of future events.

Nothing in this document shall be construed as giving rise to any duty of care owed to, or advisory relationship with, you or any third party. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice (whether financial, accounting, legal, tax or other) given by J.P. Morgan and/or its officers or employees, irrespective of whether or not such communication was given at your request. J.P. Morgan and its affiliates and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions.

IMPORTANT INFORMATION ABOUT YOUR INVESTMENTS AND POTENTIAL CONFLICTS OF INTEREST 

Conflicts of interest will arise whenever JPMorgan Chase Bank, N.A. or any of its affiliates (together, “J.P. Morgan”) have an actual or perceived economic or other incentive in its management of our clients’ portfolios to act in a way that benefits J.P. Morgan. Conflicts will result, for example (to the extent the following activities are permitted in your account): (1) when J.P. Morgan invests in an investment product, such as a mutual fund, structured product, separately managed account or hedge fund issued or managed by JPMorgan Chase Bank, N.A. or an affiliate, such as J.P. Morgan Investment Management Inc.; (2) when a J.P. Morgan entity obtains services, including trade execution and trade clearing, from an affiliate; (3) when J.P. Morgan receives payment as a result of purchasing an investment product for a client’s account; or (4) when J.P. Morgan receives payment for providing services (including shareholder servicing, recordkeeping or custody) with respect to investment products purchased for a client’s portfolio. Other conflicts will result because of relationships that J.P. Morgan has with other clients or when J.P. Morgan acts for its own account.

Investment strategies are selected from both J.P. Morgan and third-party asset managers and are subject to a review process by our manager research teams. From this pool of strategies, our portfolio construction teams select those strategies we believe fit our asset allocation goals and forward-looking views in order to meet the portfolio’s investment objective.

As a general matter, we prefer J.P. Morgan managed strategies. We expect the proportion of J.P. Morgan managed strategies will be high (in fact, up to 100 percent) in strategies such as, for example, cash and high-quality fixed income, subject to applicable law and any account-specific considerations. 

While our internally managed strategies generally align well with our forward-looking views, and we are familiar with the investment processes as well as the risk and compliance philosophy of the firm, it is important to note that J.P. Morgan receives more overall fees when internally managed strategies are included. We offer the option of choosing to exclude J.P. Morgan managed strategies (other than cash and liquidity products) in certain portfolios.

The Six Circles Funds are U.S.-registered mutual funds managed by J.P. Morgan and sub-advised by third parties. Although considered internally managed strategies, JPMC does not retain a fee for fund management or other fund services.

LEGAL ENTITY, BRAND & REGULATORY INFORMATION 

In the United States, bank deposit accounts and related services, such as checking, savings and bank lending, are offered by JPMorgan Chase Bank, N.A. Member FDIC.

JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) offer investment products, which may include bank-managed investment accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMCB, JPMS and CIA are affiliated companies under the common control of JPM. Products not available in all states.

In Luxembourg, this material is issued by J.P. Morgan Bank Luxembourg S.A. (JPMBL), with registered office at European Bank and Business Centre, 6 route de Treves, L-2633, Senningerberg, Luxembourg. R.C.S Luxembourg B10.958. Authorized and regulated by Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF. J.P. Morgan Bank Luxembourg S.A. is authorized as a credit institution in accordance with the Law of 5th April 1993. In the United Kingdom, this material is issued by J.P. Morgan Bank Luxembourg S.A., London Branch. Prior to Brexit (Brexit meaning that the United Kingdom leaves the European Union under Article 50 of the Treaty on European Union, or, if later, loses its ability to passport financial services between the United Kingdom and the remainder of the EEA), J.P. Morgan Bank Luxembourg S.A., London Branch is subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority. Details about the extent of our regulation by the Financial Conduct Authority and the Prudential Regulation Authority are available from us on request. In the event of Brexit, in the United Kingdom, J.P. Morgan Bank Luxembourg S.A., London Branch is authorized by the Prudential Regulation Authority, subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. In Spain, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Sucursal en España, with registered office at Paseo de la Castellana, 31, 28046 Madrid, Spain. J.P. Morgan Bank Luxembourg S.A., Sucursal en España is registered under number 1516 within the administrative registry of the Bank of Spain and supervised by the Spanish Securities Market Commission (CNMV). In Germany, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Frankfurt Branch, registered office at Taunustor 1 (TaunusTurm), 60310 Frankfurt, Germany, jointly supervised by the Commission de Surveillance du Secteur Financier (CSSF) and the European Central Bank (ECB), and in certain areas also supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). In Italy, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Milan Branch, registered office at Via Catena Adalberto 4, Milan 20121, Italy and regulated by Bank of Italy and the Commissione Nazionale per le Società e la Borsa (CONSOB). In the Netherlands, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Amsterdam Branch, with registered office at World Trade Centre, Tower B, Strawinskylaan 1135, 1077 XX, Amsterdam, The Netherlands. J.P. Morgan Bank Luxembourg S.A., Amsterdam Branch is authorized and regulated by the Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF in Luxembourg; J.P. Morgan Bank Luxembourg S.A., Amsterdam Branch is also authorized and supervised by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM) in the Netherlands. Registered with the Kamer van Koophandel as a branch of J.P. Morgan Bank Luxembourg S.A. under registration number 71651845. In Denmark, this material is distributed by J.P. Morgan Bank Luxembourg, Copenhagen Br, filial af J.P. Morgan Bank Luxembourg S.A. with registered office at Kalvebod Brygge 39-41, 1560 København V, Denmark. J.P. Morgan Bank Luxembourg, Copenhagen Br, filial af J.P. Morgan Bank Luxembourg S.A. is authorized and regulated by Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF. J.P. Morgan Bank Luxembourg, Copenhagen Br, filial af J.P. Morgan Bank Luxembourg S.A. is also subject to the supervision of Finanstilsynet (Danish FSA) and registered with Finanstilsynet as a branch of J.P. Morgan Bank Luxembourg S.A. under code 29009. In Sweden, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Stockholm Bankfilial, with registered office at Hamngatan 15, Stockholm, 11147, Sweden. J.P. Morgan Bank Luxembourg S.A., Stockholm Bankfilial is authorized and regulated by Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF. J.P. Morgan Bank Luxembourg S.A., Stockholm Bankfilial is also subject to the supervision of Finansinspektionen (Swedish FSA). Registered with Finansinspektionen as a branch of 

J.P. Morgan Bank Luxembourg S.A. In France, this material is distributed by JPMorgan Chase Bank, N.A. (“JPMCB”), Paris branch, which is regulated by the French banking authorities Autorité de Contrôle Prudentiel et de Résolution and Autorité des Marchés Financiers. In Switzerland, this material is distributed by J.P. Morgan (Suisse) SA, which is regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA).

In Hong Kong, this material is distributed by JPMCB, Hong Kong branch. JPMCB, Hong Kong branch is regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission of Hong Kong. In Hong Kong, we will cease to use your personal data for our marketing purposes without charge if you so request. In Singapore, this material is distributed by JPMCB, Singapore branch. JPMCB, Singapore branch is regulated by the Monetary Authority of Singapore. Dealing and advisory services and discretionary investment management services are provided to you by JPMCB, Hong Kong/Singapore branch (as notified to you). Banking and custody services are provided to you by JPMCB Singapore Branch. The contents of this document have not been reviewed by any regulatory authority in Hong Kong, Singapore or any other jurisdictions. You are advised to exercise caution in relation to this document. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. For materials which constitute product advertisement under the Securities and Futures Act and the Financial Advisers Act, this advertisement has not been reviewed by the Monetary Authority of Singapore. JPMorgan Chase Bank, N.A. is a national banking association chartered under the laws of the United States, and as a body corporate, its shareholder’s liability is limited.

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This material has not been prepared specifically for Australian investors. It:

May contain references to dollar amounts which are not Australian dollars; 

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May not address risks associated with investment in foreign currency denominated investments; and 

Does not address Australian tax issues. 

References to “J.P. Morgan” are to JPM, its subsidiaries and affiliates worldwide. “J.P. Morgan Private Bank” is the brand name for the private banking business conducted by JPM. This material is intended for your personal use and should not be circulated to or used by any other person, or duplicated for non-personal use, without our permission. If you have any questions or no longer wish to receive these communications, please contact your J.P. Morgan team. 

Copyright 2020 JPMorgan Chase & Co. All rights reserved.

END

Logo: 

J.P. Morgan.

Side note: 

Legal disclosures appear.

Text on screen: 

INVESTMENT AND INSURANCE PRODUCTS ARE: 

• NOT FDIC INSURED 

• NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY 

• NOT A DEPOSIT OR 

OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES 

• SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED

Logo: 

J.P. Morgan Private Bank.

Text on screen: 

Hometown Highlights presents Ertz Family Foundation.

On screen: 

A woman with long brown hair and green eyes, Ashlee Fuglio, speaks to us remotely from a casual office overlooking a metropolitan city.

Text on screen: 

Ashlee Fuglio, Vice President, J.P. Morgan Private Bank.

Ashlee Fuglio: 

Hi, my name is Ashlee Fuglio. I’m a banker with J.P. Morgan’s Private Bank, and you’re watching Hometown Highlights, a video series that brings awareness to some of the important causes and people who are working to make our local communities a better place. I’m always proud to see organizations partnering with underserved communities to create opportunity the way that J.P. Morgan does. That’s why I’m very excited to be sitting down with Zach and Julie Ertz, co-founders of the Ertz Family Foundation.

On screen: 

Zach, a bearded man with brown hair, and Julie, a blonde woman with dark eyes, share a two-way split screen with Ashlee.

Ashlee Fuglio: 

So Zach, what was the catalyst that drove you to start the Ertz Family Foundation?

Text on screen: 

Zach Ertz, Tight End, Philadelphia Eagles & Co-Founder of Ertz Family Foundation.

Zach Ertz: 

Yeah, so a few years back, uh, actually went on a mission trip to Haiti, uh, with one of my teammates, Carson Wentz, um, and just being down there in Haiti, s—staying at a mission, seeing what they were doing on the ground floor of Haiti, and just overall, the impact that they were having.

On screen: 

Photos show Zach interacting with children in Haiti.

Zach Ertz: 

And a foundation was always on the hearts of Julie and I, uh, we just didn’t know exactly what we were going to do. So after I went to Haiti, came back, I called Julie and just said, “Hey, I think it’s time. Even if we don’t know exactly what we’re going to do, let’s do something.” And so that’s when we started the Ertz Family Foundation.

On screen: 

Close-up of Julie.

Text on screen: 

Julie Ertz, Defender, Chicago Stars & Co-Founder of Ertz Family Foundation.

Julie Ertz: 

I think just being able to have a platform and—you know, we want to be good role models as well—to be able to give back to the next generation and the youth, it’s just so important to us.

On screen: 

A video clip shows an aerial view of the enormous Lincoln Financial Field football stadium.

Text on screen: 

Empowering Today's Youth.

Ashlee Fuglio: 

How important is it to you to create opportunities versus just donating?

Zach Ertz: 

I mean, I think there’s a time and place obviously for just giving money, but I think it goes a lot further when you’re actually able to be in the communities.

On screen: 

A montage show teenagers playing football in a city park. Players and coaches wear shirts marked " Beyond the Field."

Zach Ertz: 

We take a lot of pride of being there, seeing the kids, what they’re going through, where they’re at in that moment of time. We want to bring joy and hope to people across our country. Um, and there’s no better impact than that one-on-one interaction.

Ashlee Fuglio: 

So you both went to school in California. Julie, you play for Chicago. Zach, you play for Philadelphia. Why did you choose to focus your efforts in Philadelphia?

Julie Ertz: 

Our community is Philly. I mean, Philly is, this is where we live. This is where we want to be able to give back to the, the fans and, and just the community has given us so much. We’re so grateful for the community, and, and how they've just opened their arms to us.

On screen: 

A montage shows Julie at the city park, where teens wearing face masks sign up with their coaches to play football and do stretching and warm-up exercises.

Zach Ertz: 

From the moment we got here, they’ve treated us like one of their own. We just want to use this opportunity to really just be a light for our communities here in Philadelphia. It’s not confined to Philadelphia. We’ve done stuff in Haiti, we’ve done stuff in California, um, and we plan on doing stuff all over the country, God willing.

On screen: 

Athletic kids jump and racing in the park.

Ashlee Fuglio: 

As a power couple, how do you guys balance giving back through the foundation and your professional careers?

Julie Ertz: 

I think balance is like the key word. We have an incredible executive director, which is my mother-in-law, who has such a heart for supporting and loving and giving, and so she’s really been a huge part of this foundation.

On screen: 

A video clip shows an aerial view of the Delaware River with the Philadelphia skyline in the distance.

Text on screen: 

The Ertz Family Foundation Community Involvement.

On screen: 

Ashlee shares a two-way split screen with a black-haired woman, Lisa Ertz, who speaks to her remotely.

Text on screen: 

Lisa Ertz, Executive Director of Ertz Family Foundation.

Ashlee Fuglio: 

Lisa, what sets the Ertz Family Foundation apart from other foundations?

Lisa Ertz: 

I think it’s our core belief that we have to have our ears to the ground to hear what the youth are looking for and what they need, and how we can impact and empower and service those needs. Um, just in Philadelphia alone, for example, you take a look at the massive underfunding in the schools.

On screen: 

At the park, kids throw footballs, practice tackling techniques, and speak with their coaches.

Lisa Ertz: 

School districts with large minority populations are typically underserved.

On screen: 

A montage shows Lisa and Julie, at a park, speaking with a diverse group of older kids and coaches. Everyone wears a face mask.

Lisa Ertz: 

And they need a lot of extra services. The kids need a safe space. They need food, they need a place that’s trauma-free from their home environments or their environments on the street.

On screen: 

A montage shows kids grabbing snack bags and food in Styrofoam containers, and the Equestrian Washington Monument facing toward Philadelphia City Hall.

Text on screen: 

Investing in Local Communities.

Ashlee Fuglio: 

As you know, J.P. Morgan recently made a $30 billion commitment to advance racial equity, address the wealth divide and create economic opportunities for underserved communities. The Ertz Family Foundation is doing similar work through the Bridge Program. Could you tell us a little bit more about that?

Lisa Ertz: 

We realized that the kids needed a lot more than just the on the field stuff. And through hearing from them what they needed, we responded by putting together what Julie, uh, named the Philly Bridge Project, um, a group of small, nimble nonprofits that could react to the needs of our group of kids and families quickly.

On screen: 

A sign reads: "Welcome to All Sports Testing. Only athletes, coaches, and AST staff permitted beyond this point." A video clip shows a volunteer holding a thermometer near the forehead of a tall teenager. A coach holding a bullhorn stands in the park with a group of younger children.

Lisa Ertz: 

And, um, there’s all different kinds of things, from career exploration to college readiness, to food insecurity. And when we did that, we realized how impactful it would be in other cities in the country. So we reached out to the Jerome Bettis Foundation and the Bus Stops Here, and helped them build their own bridge that they’re calling a Steel Bridge now, and we’ll be bringing it on the road basically and hoping to find 30 more cities in the United States that would like to build a bridge project with an NFL player.

On screen: 

Zach standing with Julie addresses the viewer remotely.

Zach Ertz: 

Uh, and so that being said, we would love for all of you guys to check out our foundation page at ertzfamilyfoundation.org.

Text on screen: 

ertzfamilyfoundation.org.

Logo: 

J.P.Morgan Private Bank.

Side note: 

Legal disclosures appear.

Text on screen:

KEY RISKS. 

This material is for information purposes only, and may inform you of certain products and services offered by J.P. Morgan’s wealth management businesses, part of JPMorgan Chase & Co. (“JPM”). Products and services described, as well as associated fees, charges and interest rates, are subject to change in accordance with the applicable account agreements and may differ among geographic locations.

Not all products and services are offered at all locations. If you are a person with a disability and need additional support accessing this material, please contact your J.P. Morgan team or email us at accessibility.support@jpmorgan.com for assistance. Please read all Important Information. 

GENERAL RISKS & CONSIDERATIONS. Any views, strategies or products discussed in this material may not be appropriate for all individuals and are subject to risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results. Asset allocation/diversification does not guarantee a profit or protect against loss. Nothing in this material should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes (e.g., equities, fixed income, alternative investments, commodities, etc.) or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges, and expenses associated with an investment service, product or strategy prior to making an investment decision. For this and more complete information, including discussion of your goals/situation, contact your J.P. Morgan team.

NON-RELIANCE. Certain information contained in this material is believed to be reliable; however, JPM does not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage (whether direct or indirect) arising out of the use of all or any part of this material. No representation or warranty should be made with regard to any computations, graphs, tables, diagrams or commentary in this material, which are provided for illustration/reference purposes only. The views, opinions, estimates and strategies expressed in this material constitute our judgment based on current market conditions and are subject to change without notice. JPM assumes no duty to update any information in this material in the event that such information changes. Views, opinions, estimates and strategies expressed herein may differ from those expressed by other areas of JPM, views expressed for other purposes or in other contexts, and this material should not be regarded as a research report. Any projected results and risks are based solely on hypothetical examples cited, and actual results and risks will vary depending on specific circumstances. Forward-looking statements should not be considered as guarantees or predictions of future events.

Nothing in this document shall be construed as giving rise to any duty of care owed to, or advisory relationship with, you or any third party. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice (whether financial, accounting, legal, tax or other) given by J.P. Morgan and/or its officers or employees, irrespective of whether or not such communication was given at your request. J.P. Morgan and its affiliates and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions.

IMPORTANT INFORMATION ABOUT YOUR INVESTMENTS AND POTENTIAL CONFLICTS OF INTEREST 

Conflicts of interest will arise whenever JPMorgan Chase Bank, N.A. or any of its affiliates (together, “J.P. Morgan”) have an actual or perceived economic or other incentive in its management of our clients’ portfolios to act in a way that benefits J.P. Morgan. Conflicts will result, for example (to the extent the following activities are permitted in your account): (1) when J.P. Morgan invests in an investment product, such as a mutual fund, structured product, separately managed account or hedge fund issued or managed by JPMorgan Chase Bank, N.A. or an affiliate, such as J.P. Morgan Investment Management Inc.; (2) when a J.P. Morgan entity obtains services, including trade execution and trade clearing, from an affiliate; (3) when J.P. Morgan receives payment as a result of purchasing an investment product for a client’s account; or (4) when J.P. Morgan receives payment for providing services (including shareholder servicing, recordkeeping or custody) with respect to investment products purchased for a client’s portfolio. Other conflicts will result because of relationships that J.P. Morgan has with other clients or when J.P. Morgan acts for its own account.

Investment strategies are selected from both J.P. Morgan and third-party asset managers and are subject to a review process by our manager research teams. From this pool of strategies, our portfolio construction teams select those strategies we believe fit our asset allocation goals and forward-looking views in order to meet the portfolio’s investment objective.

As a general matter, we prefer J.P. Morgan managed strategies. We expect the proportion of J.P. Morgan managed strategies will be high (in fact, up to 100 percent) in strategies such as, for example, cash and high-quality fixed income, subject to applicable law and any account-specific considerations. 

While our internally managed strategies generally align well with our forward-looking views, and we are familiar with the investment processes as well as the risk and compliance philosophy of the firm, it is important to note that J.P. Morgan receives more overall fees when internally managed strategies are included. We offer the option of choosing to exclude J.P. Morgan managed strategies (other than cash and liquidity products) in certain portfolios.

The Six Circles Funds are U.S.-registered mutual funds managed by J.P. Morgan and sub-advised by third parties. Although considered internally managed strategies, JPMC does not retain a fee for fund management or other fund services.

LEGAL ENTITY, BRAND & REGULATORY INFORMATION 

In the United States, bank deposit accounts and related services, such as checking, savings and bank lending, are offered by JPMorgan Chase Bank, N.A. Member FDIC.

JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) offer investment products, which may include bank-managed investment accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMCB, JPMS and CIA are affiliated companies under the common control of JPM. Products not available in all states.

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END

BRG – JPMPB – Philadelphia Athlete  – Text Alternative Script

Side note:

Legal disclosures appear.

Text on screen:

INVESTMENT AND INSURANCE PRODUCTS ARE:

• NOT FDIC INSURED

• NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

• NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES

• SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED.

Logo:

J.P.Morgan Private Bank.

Text on screen:

Hometown Highlights: Featuring Brent Celek.

On screen:

A woman with long dark hair, Ashly Fuglio, speaks to us remotely.

Text on screen:

Ashly Fuglio, Vice President, J.P. Morgan Private Bank.

Ashlee Fuglio:

Hi, my name is Ashlee Fuglio. I'm a Vice President with J.P. Morgan's Private Bank and you're watching Hometown Highlights, a video series that brings awareness to some of the important causes and people who are working to make our local communities a better place. I'm sitting down with Brent Celek today, to learn about his career after the Philadelphia Eagles, his support for the Philly food community, and where his love for food comes from.

On screen:

A montage shows iconic scenes of Philadelphia, including the city skyline, the Liberty Bell, and the Lincoln Financial Field stadium.

Text on screen:

Life After Football.

On screen:

Ashlee and former professional football player Brent Celek speak to each other remotely.

Ashlee Fugilo:

Thanks for being with us today, Brent.

Brent Celek:

Yeah, thanks for having me, Ashlee.

Ashlee Fuglio:

So Brent, what are you up to these days? Tell us about life after football.

Brent Celek:

While I was playing football, I knew I wanted to do things outside of football, after football.

Text on screen:

Brent Celek, Real Estate Professional and Former Philadelphia Eagles Tight End.

Brent Celek:

Tried a few different business ventures. Ultimately, those all led me to real estate. Real estate is something that I love. I love good design, love good architecture. Um, and it's something that I got into when I was playing football. Uh, I got into investing in developments, doing some development myself. I've got my own sales team as well that I'm growing. So, all real estate moving forward, and I love it.

Text on screen:

City of Brotherly Love.

Ashlee Fuglio:

So Brent, you're from Cincinnati, but you've been quoted saying that you're living in Philly forever. What is it about the people of Philadelphia that make us so special?

Brent Celek:

The first thing that comes to mind is passionate. I- I think that's why I fell in love with Philly the first time I came here. They're the most loyal fans. I was so lucky that I got drafted to Philadelphia, knowing nothing about it. But it's been a dream come true.

Ashlee Fuglio:

You spent 11 years in the city, playing football as an Eagle. What impact do you wanna make on the community?

Brent Celek:

I'd say the biggest thing is, I wanna teach some of the young kids that, if you have a dream, you can achieve it. I want them to understand that they can have big dreams, and they can achieve those dreams, it just takes them believing in themselves. There's gonna be a lot of people that doubt you along the way, um, but you can do whatever you put your mind to. I think there's a lot of kids that wanna be great and just need to hear a message like that.

Text on screen:

Global Health Crisis.

Ashlee Fuglio:

Key takeaway for me, from this COVID experience is that we tend to take the things that are always there for granted. Um, and what I realize is that my normal life in Philly is pretty great. What would you say you've learned the most, during this pandemic?

Brent Celek:

I would say that I need to understand that I can take some time and spend some time, you know, with family, and not feel bad about it. (laughs) Not having to go to work and being able to spend more time with them in between calls, in between, you know, Zoom meetings, uh, has been great. And so, there's gonna be some good things that come of this, um, and I think we gotta look at the positives.

Text on screen:

Passion for Food.

Ashlee Fuglio:

One of the things I learned about you is that you're a foodie. And you've told me that you like to make things from scratch.

Brent Celek:

So, I love cooking. My mom always cooked growing up. And- and so, you know, we always had home-cooked meals on the table. And looking back on it, it's pretty impressive. You know, my mom ran three hair salons, and would come home, and- and cook us dinner. On screen:

Photos show over a dozen different recipes, many of which are written on old index cards.

Brent Celek:

My mom and I and our family members, we started a photo stream where we put our own recipes into the photo stream when they're good recipes. And so, we've probably got 100 recipes.

Text on screen:

Save Philly Eats.

Ashlee Fuglio:

So, Save Philly Eats was another topic that we talked about, and I told you that I purchased one of their experiences. Do you mind telling us a little bit more about Save Philly Eats and why it's so important?

Text on screen:

Hashtag Save Philly Eats.

On screen:

A photo montage shows cafes and delicious looking meals labeled with social media handles, including Giuseppe Sons at Lauren Elizabeth Arris, Noord Philly at Elizabeth Krosss, Highest Philly, at old city Philly, and Poi Dog at Mike Prince 85.

Brent Celek:

Restaurants right now are in a trying time. Something that, you know, may change restaurants forever. Save Philly Eats is trying to find ways to provide revenue for these restaurants when they don't have it. You know, providing, uh, a way for people to buy experiences with chefs of certain restaurants, to be able to give them money upfront so that they can continue to run their restaurant in a time where, you know, it's- it's almost impossible.

Ashlee Fuglio:

Well, the good news is, um, you know, that restaurants are starting to reopen. Where will be, uh, some of your first stops in the city?

Brent Celek:

Number one, Tequilas. That's one of my favorites. I love Mexican food, can eat Mexican food every day. Number two, probably Barclay Prime, I love that place, the feel, the steaks.

On screen:

Photographs show Tequilas Restaurant, Brent with family & friends, and a classic Philly cheesesteak.

Text on screen:

Courtesy of STARR Restaurants.

Ashlee Fuglio:

Speaking of special occasions, was there a restaurant, uh, that you visited when you got home, uh, to celebrate your Super Bowl win?

          Brent Celek:

One place I went to is Chickie's & Pete's, that was always the place we celebrated after wins. Anytime we win football games, we would go there with our families.

On screen:

A photo montage shows Brent with family and friends in Chickie's & Pete's, a comfortable Sports Bar.

Brent Celek:

That- that place will always have a special spot in my heart. Um, especially when we're talking about football.

Ashlee Fuglio:

Brent, thank you so much for sharing with us about your career in real estate, and your love for food. To all of our viewers, if you would like to learn more about Save Philly Eats or to support the cause, uh, please go to SavePhillyEats.com.

Brent Celek:

Thanks for having me.

Side note:

Legal disclosures appear.

Text on screen:

IMPORTANT INFORMATION

Key Risks

This material is for information purposes only, and may inform you of certain products and services offered by J.P. Morgan’s wealth management businesses, part of JPMorgan Chase & Co. (“JPM”). Please read all Important Information.

General Risks & Considerations

Any views, strategies or products discussed in this material may not be appropriate for all individuals and are subject to risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results. Asset allocation/diversification does not guarantee a profit or protect against loss. Nothing in this material should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes (e.g., equities, fixed income, alternative investments, commodities, etc.) or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges, and expenses associated with an investment service, product or strategy prior to making an investment decision. For this and more complete information, including discussion of your goals/situation, contact your J.P. Morgan representative.

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As a general matter, we prefer J.P. Morgan managed strategies. We expect the proportion of J.P. Morgan managed strategies will be high (in fact, up to 100 percent) in strategies such as, for example, cash and high-quality fixed income, subject to applicable law and any account-specific considerations.

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In the United States, bank deposit accounts and related services, such as checking, savings and bank lending, are offered by JPMorgan Chase Bank, N.A. Member FDIC.

JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) offer investment products, which may include bank-managed investment accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. JPMCB and JPMS are affiliated companies under the common control of JPM. Products not available in all states.

In Luxembourg, this material is issued by J.P. Morgan Bank Luxembourg S.A. (JPMBL), with registered office at European Bank and Business Centre, 6 route de Treves, L-2633, Senningerberg, Luxembourg. R.C.S Luxembourg B10.958. Authorized and regulated by Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF. J.P. Morgan Bank Luxembourg S.A. is authorized as a credit institution in accordance with the Law of 5th April 1993. In the United Kingdom, this material is issued by J.P. Morgan Bank Luxembourg S.A., London Branch. Prior to Brexit (Brexit meaning that the United Kingdom leaves the European Union under Article 50 of the Treaty on European Union, or, if later, loses its ability to passport financial services between the United Kingdom and the remainder of the EEA), J.P. Morgan Bank Luxembourg S.A., London Branch is subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority. Details about the extent of our regulation by the Financial Conduct Authority and the Prudential Regulation Authority are available from us on request. In the event of Brexit, in the United Kingdom, J.P. Morgan Bank Luxembourg S.A., London Branch is authorized by the Prudential Regulation Authority, subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. In Spain, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Sucursal en España, with registered office at Paseo de la Castellana, 31, 28046 Madrid, Spain. J.P. Morgan Bank Luxembourg S.A., Sucursal en España is registered under number 1516 within the administrative registry of the Bank of Spain and supervised by the Spanish Securities Market Commission (CNMV). In Germany, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Frankfurt Branch, registered office at Taunustor 1 (TaunusTurm), 60310 Frankfurt, Germany, jointly supervised by the Commission de Surveillance du Secteur Financier (CSSF) and the European Central Bank (ECB), and in certain areas also supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). In Italy, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Milan Branch, registered office at Via Catena Adalberto 4, Milan 20121, Italy and regulated by Bank of Italy and the Commissione Nazionale per le Società e la Borsa (CONSOB). In the Netherlands, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Amsterdam Branch, with registered office at World Trade Centre, Tower B, Strawinskylaan 1135, 1077 XX, Amsterdam, The Netherlands. J.P. Morgan Bank Luxembourg S.A., Amsterdam Branch is authorized and regulated by the Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF in Luxembourg; J.P. Morgan Bank Luxembourg S.A., Amsterdam Branch is also authorized and supervised by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM) in the Netherlands. Registered with the Kamer van Koophandel as a branch of J.P. Morgan Bank Luxembourg S.A. under registration number 71651845. In Denmark, this material is distributed by J.P. Morgan Bank Luxembourg, Copenhagen Br, filial af J.P. Morgan Bank Luxembourg S.A. with registered office at Kalvebod Brygge 39-41, 1560 København V, Denmark. J.P. Morgan Bank Luxembourg, Copenhagen Br, filial af J.P. Morgan Bank Luxembourg S.A. is authorized and regulated by Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF. J.P. Morgan Bank Luxembourg, Copenhagen Br, filial af J.P. Morgan Bank Luxembourg S.A. is also subject to the supervision of Finanstilsynet (Danish FSA) and registered with Finanstilsynet as a branch of J.P. Morgan Bank Luxembourg S.A. under code 29009. In Sweden, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Stockholm Bankfilial, with registered office at Hamngatan 15, Stockholm, 11147, Sweden. J.P. Morgan Bank Luxembourg S.A., Stockholm Bankfilial is authorized and regulated by Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF. J.P. Morgan Bank Luxembourg S.A., Stockholm Bankfilial is also subject to the supervision of Finansinspektionen (Swedish FSA). Registered with Finansinspektionen as a branch of J.P. Morgan Bank Luxembourg S.A. In France, this material is distributed by JPMorgan Chase Bank, N.A. (“JPMCB”), Paris branch, which is regulated by the French banking authorities Autorité de Contrôle Prudentiel et de Résolution and Autorité des Marchés Financiers. In Switzerland, this material is distributed by J.P. Morgan (Suisse) SA, which is regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA).

In Hong Kong, this material is distributed by JPMCB, Hong Kong branch. JPMCB, Hong Kong branch is regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission of Hong Kong. In Hong Kong, we will cease to use your personal data for our marketing purposes without charge if you so request. In Singapore, this material is distributed by JPMCB, Singapore branch. JPMCB, Singapore branch is regulated by the Monetary Authority of Singapore. Dealing and advisory services and discretionary investment management services are provided to you by JPMCB, Hong Kong/Singapore branch (as notified to you). Banking and custody services are provided to you by JPMCB Singapore Branch. The contents of this document have not been reviewed by any regulatory authority in Hong Kong, Singapore or any other jurisdictions. You are advised to exercise caution in relation to this document. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. For materials which constitute product advertisement under the Securities and Futures Act and the Financial Advisers Act, this advertisement has not been reviewed by the Monetary Authority of Singapore. JPMorgan Chase Bank, N.A. is a national banking association chartered under the laws of the United States, and as a body corporate, its shareholder’s liability is limited.

With respect to countries in Latin America, the distribution of this material may be restricted in certain jurisdictions. We may offer and/or sell to you securities or other financial instruments which may not be registered under, and are not the subject of a public offering under, the securities or other financial regulatory laws of your home country. Such securities or instruments are offered and/or sold to you on a private basis only. Any communication by us to you regarding such securities or instruments, including without limitation the delivery of a prospectus, term sheet or other offering document, is not intended by us as an offer to sell or a solicitation of an offer to buy any securities or instruments in any jurisdiction in which such an offer or a solicitation is unlawful. Furthermore, such securities or instruments may be subject to certain regulatory and/or contractual restrictions on subsequent transfer by you, and you are solely responsible for ascertaining and complying with such restrictions. To the extent this content makes reference to a fund, the Fund may not be publicly offered in any Latin American country, without previous registration of such fund’s securities in compliance with the laws of the corresponding jurisdiction. Public offering of any security, including the shares of the Fund, without previous registration at Brazilian Securities and Exchange Commission—CVM is completely prohibited. Some products or services contained in the materials might not be currently provided by the Brazilian and Mexican platforms.

JPMorgan Chase Bank, N.A. (JPMCBNA) (ABN 43 074 112 011/AFS Licence No: 238367) is regulated by the Australian Securities and Investment Commission and the Australian Prudential Regulation Authority. Material provided by JPMCBNA in Australia is to “wholesale clients” only. For the purposes of this paragraph the term “wholesale client” has the meaning given in section 761G of the Corporations Act 2001 (Cth). Please inform us if you are not a Wholesale Client now or if you cease to be a Wholesale Client at any time in the future.

JPMS is a registered foreign company (overseas) (ARBN 109293610) incorporated in Delaware, U.S.A. Under Australian financial services licensing requirements, carrying on a financial services business in Australia requires a financial service provider, such as J.P. Morgan Securities LLC (JPMS), to hold an Australian Financial Services Licence (AFSL), unless an exemption applies. JPMS is exempt from the requirement to hold an AFSL under the Corporations Act 2001 (Cth) (Act) in respect of financial services it provides to you, and is regulated by the SEC, FINRA and CFTC under U.S. laws, which differ from Australian laws. Material provided by JPMS in Australia is to “wholesale clients” only. The information provided in this material is not intended to be, and must not be, distributed or passed on, directly or indirectly, to any other class of persons in Australia. For the purposes of this paragraph the term “wholesale client” has the meaning given in section 761G of the Act. Please inform us immediately if you are not a Wholesale Client now or if you cease to be a Wholesale Client at any time in the future.

This material has not been prepared specifically for Australian investors. It:

•              May contain references to dollar amounts which are not Australian dollars;

•              May contain financial information which is not prepared in accordance with Australian law or practices;

•              May not address risks associated with investment in foreign currency denominated investments; and

•              Does not address Australian tax issues.

References to “J.P. Morgan” are to JPM, its subsidiaries and affiliates worldwide. “J.P. Morgan Private Bank” is the brand name for the private banking business conducted by JPM. This material is intended for your personal use and should not be circulated to or used by any other person, or duplicated for non-personal use, without our permission. If you have any questions or no longer wish to receive these communications, please contact your J.P. Morgan representative.

Copyright 2020 JPMorgan Chase & Co. All rights reserved.

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