Definitions. Terms defined in the Principal Agreement shall, save to the extent that the context otherwise requires, bear the same respective meanings in this Amendment.

Amendments. The Principal Agreement shall be amended as follows:

Schedule A of the Principal Agreement is hereby replaced in its entirety by Schedule A to this Amendment (as attached).

Schedule E of the Principal Agreement is hereby replaced in its entirety by Schedule E to this Amendment (as attached).

As modified and amended hereby, the Parties hereby ratify, approve and confirm the Principal Agreement in all respects, and save as varied by this Amendment, the Principal Agreement shall remain in full force and effect.

Representations. Each Party represents to the other Parties that all representations contained in the Principal Agreement are true and accurate as of the date of this Amendment, and that such representations are deemed to be given or repeated by each Party, as the case may be, on the date of this Amendment.

Entire Agreement. This Amendment and the Principal Agreement and any documents referred to in each of them, constitute the whole agreement between the Parties relating to their subject matter and supersede and extinguish any other drafts, agreements, undertakings, representations, warranties and arrangements of any nature, whether in writing or oral, relating to such subject matter. If any of the provisions of this Amendment are inconsistent with or in conflict with any of the provisions of the Principal Agreement then, to the extent of any such inconsistency or conflict, the provisions of this Amendment shall prevail as between the Parties.

Counterparts. This Amendment may be executed in any number of counterparts which together shall constitute one agreement. Each Party may enter into this Amendment by executing a counterpart and this Amendment shall not take effect until it has been executed by each Party.

Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective legal representatives, successors and assigns.

Law and Jurisdiction. This Amendment shall be governed by, and construed in accordance with, the law of the State of New York.

/s/ Shannon Gaines

/s/ Carl Mehldau

To be liquidated and reorganized under the JPMorgan Municipal ETF on or about 3^rd quarter 2025.

To be liquidated on or about July 29, 2025.

To be liquidated and reorganized under the JPMorgan Flexible Debt ETF mid 2025.

To be liquidated and reorganized under the JPMorgan Fundamental Data Science Large Value ETF on or about July 11, 2025.

To be liquidated and reorganized under the JPMorgan Mortgage-Backed Securities ETF on or about June 27, 2025.

To be liquidated and reorganized under the JPMorgan International Hedged Equity Laddered Overlay ETF on or about July 11, 2025.

Location of Settlement

Argentina

Austria

Bahrain

Bangladesh

Belgium

Bermuda

Botswana

Brazil

Bulgaria

Chile

China^*

Clearstream^*

Colombia

Croatia

Cyprus

Czech Republic

Denmark

Egypt

Estonia^*

Euroclear^*

Finland

Ghana

Greece

Hungary

Iceland

Indonesia

Ireland

Location of Settlement

Israel

Italy

Jordan

Kazakhstan

Kenya

Kuwait

Latvia^*

Lithuania^*

Luxembourg^*

Malaysia

Mauritius

Mexico

Morocco

Namibia

Netherlands

New Zealand

Nigeria

Norway

Oman

Pakistan

Peru

Philippines

Poland

Portugal

Qatar

Romania

Russia

Saudi Arabia

Serbia

Singapore

Slovak Republic

Slovenia

South Africa

Spain

Sri Lanka

Sweden

Location of Settlement

Switzerland

Tanzania

Thailand

Tunisia

Türkiye

Ukraine

United Arab Emirates

Uruguay

Vietnam

West African Economic & Monetary Union (Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, Togo)

Zambia

Zimbabwe

Location of

Settlement

Australia

Canada

China Connect

France

Germany

Hong Kong

India

Japan

South Korea

Taiwan

United Kingdom

United States

ICSD Settled/held :

Domicile location of assets

United States

Safekeeping: Fees are assessed on the basis of 30 calendar days per month over 360 days per calendar year (i.e. “30/360”). Basis point fees will be calculated by the Bank at the end of the relevant billing period using asset values on the last day of such billing period derived from data provided by the Bank’s selected pricing sources in accordance with the Bank’s pricing practices applied at its discretion. The Bank reserves the right, upon notice to the Fund, to calculate basis point fees for the billing period based on the average asset value during the billing period rather than the asset value on the last day of the billing period taking into account factors such as whether the decrease in asset value was related to the sale of securities or changes in the market prices of securities.

Tiered Safekeeping Basis Point Fees are assessed at the Relationship level. “Relationship” refers to all accounts of the Fund under the Principal Agreement(s). Tiered basis point rates apply to the market value of assets greater than the threshold of the prior tier up to the threshold of that rate’s respective tier.

STP Transactions: STP fees will be assessed where the Bank receives authorized instructions in accordance with the terms of the Principal Agreement(s) in an electronic format that enables STP, when applicable. Trade instructions that require manual input or repair will incur surcharges as set forth herein.

^*China. Safekeeping and STP fees in China is based on the assumption that HSBC is the appointed sub-custodian in China. The Bank reserves the right, upon notification to the Fund, to modify the fee should client decide to use a different sub-custodian in China.

Other Transaction Fees

Physical Securities Transaction

Collateral Pledge

Inter-account Transfer - Book-Entry Security

Manual Instruction Surcharge

Non-STP Surcharge - Repairs

Record Keeping-Only Transaction Post

Non-STP Surcharge - Repairs: includes corporate action instructions repaired by J.P. Morgan

Manual Instruction Surcharge: includes manual corporate action instruction submission

Proxy Services

Standard Market

Complex Market

Proxy - Standard Markets

Proxy - Complex Markets

Standard and Complex markets of settlement are defined as per the grid above and are subject to change at the Bank’s discretion.

Proxy Voting in Canada and United States will be free of charge.

Collateral Services

Account Maintenance: Custody Collateral Control Account

Custody Account Maintenance

Custody Collateral Control Account fee Includes tri-party, re-insurance, and statutory deposit accounts.

Custody Account maintenance fee applicable only to collateral accounts supporting the interfund lending program.

Per annum fees are assessed pro-rata on the basis of 30 calendar days per month over 360 days per year (i.e. “30/360”) for the relevant billing period.

Per account fees are assessed for each account open on J.P. Morgan’s custody systems irrespective of whether the account has any holdings or activity.

Income and Redemption Processing

Income Processing: Book Entry

Income Processing: Physical

Redemptions: Book Entry

Redemptions: Physical

Income processing includes principal paydowns, interest on fixed income securities and dividends on equities (cash and/or stock).

Redemptions include maturities and full or partial calls on fixed income securities.

Fees are assessed for income and redemption events for United States securities. The Bank may, at its discretion, also assess fees for income and redemption events for non-United States securities.

Core Cash Service

Free Cash Wire

Free Cash Wire Cross Currency

Inter-account Transfer

Inter-account Transfer Cross Currency

Third Party FX

Core Cash Service

CLS Wires

Cash Instruction Repair Surcharge

Checks

Manual Cash Instruction Surcharge

Core Cash Standard Currencies

Core Cash Complex Currencies

Standard and Complex currencies are defined as per the grid above and are subject to change at the Bank’s discretion.

Cash Instruction Repair Surcharge: STP cash instructions that require amendment or repair by the Bank to enable the instructions to be processed will incur surcharge as set forth above. This fee will be assessed in addition to standard transaction charges.

Manual Cash Instruction Surcharge: Cash instructions that require manual input will incur surcharge as set forth above. This fee will be assessed in addition to standard transaction charges for all faxed or free format SWIFT instructions sent to the Bank.

Repurchase agreement (Repo) transactions will be assessed as follows: (1) Bilateral Repo: (a) STP Fees apply for each on-leg and off-leg DvP/RvP trade settlements; and (b) Repo Transaction Post fee applies for the maintenance of the repo position on the Bank’s system. (2) Triparty Repo: (a) a Repo Transaction Post fee applies for each on-leg and off-leg transaction; and (b) a Free Cash Wire Receipt or Payment fee applies for the on-leg and off-leg transactions.

Exchange-traded options will be assessed as follows: (1) a Record Keeping-Only Transaction Post fee applies for the option transaction. (2) a Collateral Pledge fee applies for the pledge/un-pledge of the underlying equity.

Time Deposits will be assessed as follows: (1) a Record Keeping-Only Transaction Post fee applies for each on-leg and off-leg transactions. (2) a Free Cash Wire Receipt or Payment fee applies for the on-leg and off-leg transactions.

Asset Tier

From

0

85,000,000,000

160,000,000,000

425,000,000,000

Service

All Funds Excluding Money Market Funds

Asset Tier

From

0

250,000,000,000

Service

Money Market Funds

Fund Accounting Per Complex: The basis point tiering structure is applied to aggregated total net assets of the funds. The resulting total basis point fee is then prorated to each sub-fund based on their net assets as a proportion of the aggregated total net assets (based upon monthly average net assets).

Fund Minimum: In the event that Fund Accounting fees for a billing period, excluding reimbursable out-of-pocket expenses and market data fees, are less than the minimum fee specified herein, as pro-rated for the applicable billing period, the pro-rated minimum fee will apply.

Fund Minimums will be discounted by 50% for the first 6 months billing periods following the relationship/sub fund live date.

A cap on Fund Accounting fees for each Money Market Fund will be set at $1,500,000 per annum. The foregoing cap may be annually adjusted during the term of this Fee Agreement upon the request of either party and the parties hereby agree to negotiate diligently and in good faith any such adjustment.

Service

Hourly Money Market Amortized Cost NAVs

Floating NAV Fee

Daily Money Market NAV Calculation Fee

Number of Share Classes

From

0

10

Service

Standard ETF Conversion

Transfer of the accounting records; inclusive of collapsing of share classes, converting mutual fund to ETF shares, and the creation of the ledger/ sub-ledgers to support the asset & liability balances

Loading of historical NAV, distribution, and market prices to produce NAV/Market returns on a going forward basis

Full piecing of the funds PnL from a fiscal/excise perspective in the first year of the newly created ETF operations

OTC Valuation and Processing

Pricing Direct

Other Vendor

Non-Independent

Per Source and validate valuations from approved vendors utilizing the Bank’s existing contractual relationships or received from fund manager/Customer/counterparty.

Trade capture, lifecycle management, and processing of valuation and cash data into Bank’s accounting system.

Reconciliation of positions to fund manager/Customer and counterparty/clearing broker. Calculation of cash flows or receipt of cash events from fund manager/Customer where relevant.

Execution of Customer’s pricing hierarchy and management of valuation vendors.

OTC Valuation Comparison

Pricing Direct

Other Vendor

Non-Independent

Comparison between Bank Independent OTC valuation and an agreed secondary OTC valuation. Reporting of reconciliation results to be made available to a Fund.

Service

Description

Basis of Fee

Service

Description

Basis of Fee

Service

Description

Basis of Fee

Service

Description

Basis of Fee

Per month and per annum charges will be calculated by Bank based on the number of unique positions, held or reflected per account, on the last day of the month as reflected on Bank’s systems.

Per annum fees are assessed on the basis of 30 calendar days per month over 360 days per calendar year (i.e. “30/360”).

Fees and Expenses.

Fees. Bank will present invoices monthly in arrears. Fees included in this Fee Agreement are based upon information provided by Customer, and where necessary, assumptions that Bank believes to be reasonable are applied. All amounts set forth in this Fee Agreement are quoted in U.S. Dollar.

Expenses. Bank may charge you for additional out-of-pocket expenses it incurs in the course of providing the Services. Such out-of-pocket expenses may include, but are not limited to, late instruction/settlement fees, local market account opening fees, taxes, issuer fees, legal fees, translation fees, tax reclaim filing fees and/or travel expenses.

AutoFX. For pricing in respect of foreign exchange activity via J.P. Morgan’s custody FX platform, AutoFX, please refer to the separate pricing letter which will be provided to the you in the event that Bank provides this service to you.

FX Conversion. Where costs are incurred in a currency other than your invoice base currency, or costs are based on a valuation of any of your securities in a currency other than your invoice base currency, Bank will perform a foreign exchange calculation to determine such costs payable by you. Such calculation will typically use the WM/Reuters spot rate (“Benchmark Rate”) for the relevant currency pair published at 4:00pm London time on the last business day of each calendar month for which you will be invoiced. However, the Benchmark Rate used in such calculation may change from time to time and Bank will notify you of such rate change.

New Markets or Services. To the extent Customer engages in a market or utilizes a service where fees are not stated in this amendment, the Bank will assess a standard rate for the relevant market or service to be determined by the Bank unless an alternative pricing arrangement is agreed in writing between Customer and the Bank. The relevant rate will be assessed commencing at the time the market or service is first engaged or utilized. Resultant charge will be detailed within Customer’s invoice and the amendment will be deemed to include the rate for such market and/or service.

Overdrafts. In the event that the Bank, in its sole discretion, provides an overdraft to Customer, the Bank will charge interest at a rate to be determined by the Bank. For foreign overdrafts, including USD held offshore, overdraft rates vary by currency and by day, depending largely on market liquidity and prevailing overnight rates. For domestic overdrafts, the overdraft rate is Effective Fed Funds + 150bps.

Earnings Credit Rate. In the event that the Bank, in its sole discretion, provides an Earnings Credit Rate program to Customer, and the application of the Earnings Credit Rate program results in a positive number or Earnings Credit, the Earnings Credit may be used to offset fees accrued in Customer’s account during the billing period, up to the amount of the Earnings Credit. Unused Earnings Credits are carried over from month to month during a calendar year and expire at the end of each calendar year. Unused Earnings Credits may not be applied to prior billing periods and cannot be converted into interest. Customer should continuously monitor and adjust balances to ensure optimal use of available Earnings Credits by year-end.

Customized Products. Any customized technology projects required to meet Customer’s specific requirements, such as non-standard reporting requirements, system interfaces or enhancements, will be billed to Customer based on the time and materials required to design, develop, test and deliver the project, unless an alternative arrangement is agreed in writing between Client and the Bank.

Inflation Clause. The Bank will increase service fees set forth in the Fee Agreement and any subsequent fee amendments following the anniversary of the effective date of this Fee Agreement and annually thereafter by the United States Consumer Price Index rate (CPI Rate) defined as the Year-over-Year percent change of All-items, Not Seasonally Adjusted for the most recent year end. For the avoidance of doubt the Bank shall not be obliged to reflect a negative CPI Rate. Expenses including but not limited to Out of Pockets fees would not be subject to the rate increase.