• | high quality commercial paper and other short-term debt securities, including floating and variable rate demand notes of U.S. and foreign corporations, |
• | debt securities issued or guaranteed by qualified U.S. and foreign banks, including certificates of deposit, time deposits and other short-term securities, |
• | securities issued or guaranteed by the U.S. government, its agencies or instrumentalities or Government-Sponsored Enterprises (“GSEs”), |
• | asset-backed securities, |
• | repurchase agreements, and |
• | taxable municipal obligations. |
• | The Fund calculates its net asset value to four decimals (e.g., $1.0000) using market-based pricing and operates with a floating net asset value. |
• | The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less. |
• | The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation. |
• | The Fund invests only in U.S. dollar-denominated securities. |
• | The Fund seeks to invest in securities that present minimal credit risk. |
• | The Fund seeks to maintain a net asset value (“NAV”) of $1.00 per share. |
• | The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less. |
• | The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation. |
• | The Fund seeks to invest in securities that present minimal credit risk. |
• | obligations of the U.S. Treasury, including Treasury bills, bonds and notes, and |
• | debt securities that certain U.S. government agencies or instrumentalities have either issued or guaranteed as to principal and interest. |
• | The Fund seeks to maintain a net asset value (“NAV”) of $1.00 per share. |
• | The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less. |
• | The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation. |
• | The Fund invests only in U.S. dollar-denominated securities. |
• | The Fund seeks to invest in securities that present minimal credit risk. |
• | debt securities issued or guaranteed by the U.S. government, or by U.S. government agencies or instrumentalities or Government-Sponsored Enterprises (“GSEs”), and |
• | repurchase agreements fully collateralized by U.S. Treasury and U.S. government securities. |
• | The Fund seeks to maintain a net asset value (“NAV”) of $1.00 per share. |
• | The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less. |
• | The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation. |
• | The Fund invests only in U.S. dollar-denominated securities. |
• | The Fund seeks to invest in securities that present minimal credit risk. |
• | obligations of the U.S. Treasury, including Treasury bills, bonds and notes and other obligations issued or guaranteed by the U.S. Treasury, and |
• | repurchase agreements fully collateralized by U.S. Treasury securities. |
• | The Fund seeks to maintain a net asset value (“NAV”) of $1.00 per share. |
• | The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less. |
• | The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation. |
• | The Fund invests only in U.S. dollar-denominated securities. |
• | The Fund seeks to invest in securities that present minimal credit risk. |
• | The Fund seeks to maintain a net asset value (“NAV”) of $1.00 per share. |
• | The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less. |
• | The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation. |
• | The Fund invests only in U.S. dollar-denominated securities. |
• | The Fund seeks to invest in securities that present minimal credit risk. |
• | high quality commercial paper and other short-term debt securities, including floating and variable rate demand notes of U.S. and foreign corporations, |
• | debt securities issued or guaranteed by qualified U.S. and foreign banks, including certificates of deposit, time deposits and other short-term securities, |
• | securities issued or guaranteed by the U.S. government, its agencies or instrumentalities or Government-Sponsored Enterprises (“GSEs”), |
• | asset-backed securities, |
• | repurchase agreements, and |
• | taxable municipal obligations. |
• | The Fund seeks to maintain a net asset value (“NAV”) of $1.00 per share. |
• | The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less. |
• | The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation. |
• | The Fund invests only in U.S. dollar-denominated securities. |
• | The Fund seeks to invest in securities that present minimal credit risk. |
• | The Fund seeks to maintain a net asset value (“NAV”) of $1.00 per share. |
• | The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less. |
• | The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation. |
• | The Fund invests only in U.S. dollar-denominated securities. |
• | The Fund seeks to invest in securities that present minimal credit risk. |
• | The Fund seeks to maintain a net asset value (“NAV”) of $1.00 per share. |
• | The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less. |
• | The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation. |
• | The Fund invests only in U.S. dollar-denominated securities. |
• | The Fund seeks to invest in securities that present minimal credit risk. |
• | The Fund seeks to maintain a net asset value (“NAV”) of $1.00 per share. |
• | The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less. |
• | The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation. |
• | The Fund invests only in U.S. dollar-denominated securities. |
• | The Fund seeks to invest in securities that present minimal credit risk. |
• | The dollar-weighted average maturity of each Fund will be 60 days or less, and the dollar-weighted average life to maturity will be 120 days or less. For a discussion of dollar weighted average maturity and dollar-weighted average life to maturity, please see page 93. |
• | Each Fund will only buy securities that have remaining maturities of 397 days or less as determined under Rule 2a-7. |
• | Each Fund invests only in U.S. dollar-denominated securities. |
• | Each taxable Fund will not acquire any security other than a daily liquid asset unless, immediately following such purchase, at least 10% of its total assets would be invested in daily liquid assets and each Fund will not acquire any security other than a weekly liquid asset unless, immediately following such purchase, at least 30% of its total assets would be invested in weekly liquid assets. “Daily liquid assets” means (i) cash; (ii) direct obligations of the U.S. Government; (iii) securities that will mature or are subject to a demand feature that is exercisable and payable within one business day and (iv) amounts receivable and due unconditionally within one business day on pending sales of portfolio securities. “Weekly liquid assets” means (i) cash; (ii) direct obligations of the U.S. Government; (iii) Government securities issued by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States, that |
are issued at a discount to the principal amount to be repaid at maturity without the provision for the payment of interest and have a remaining maturity of 60 days or less; (iv) securities that will mature or are subject to a demand feature that is exercisable and payable within five business days and (v) amounts receivable and due unconditionally within five business days on pending sales of portfolio securities. | |
• | Each Fund seeks to invest in securities that present minimal credit risk. With regard to Prime Money Market Fund, California Municipal Money Market Fund, Liquid Assets Money Market Fund, Municipal Money Market Fund, New York Municipal Money Market Fund and Tax Free Money Market Fund, these securities will: |
• | have one of the two highest short-term ratings from at least two of Standard & Poor’s Corporation, Moody’s Investors Service, Inc. and Fitch Ratings, or one such rating if only one of these rating organizations rates that security; |
• | have an additional third party guarantee in order to meet the rating requirements; or |
• | be considered of comparable quality by J.P. Morgan Investment Management Inc. (JPMIM), the Funds’ adviser, if the security is not rated by Standard & Poor’s Corporation, Moody’s Investors Service, Inc., or Fitch Ratings. |
FUNDAMENTAL INVESTMENT OBJECTIVES |
An investment objective is fundamental if it cannot be changed without the consent of a majority of the outstanding shares of the Fund. The investment objective for each of the U.S. Government Money Market Fund, U.S. Treasury Plus Money Market Fund, Liquid Assets Money Market Fund and Municipal Money Market Fund is fundamental. The investment objective for each of the Prime Money Market Fund, 100% U.S. Treasury Securities Money Market Fund, Federal Money Market Fund, California Municipal Money Market Fund, New York Municipal Money Market Fund and Tax Free Money Market Fund is non-fundamental and may be changed without the consent of a majority of the outstanding shares of that Fund. |
Prime Money Market Fund | 100% U.S. Treasury Securities Money Market Fund | Federal Money Market Fund | U.S. Government Money Market Fund | U.S. Treasury Plus Money Market Fund | California Municipal Money Market Fund | Liquid Assets Money Market Fund | Municipal Money Market Fund | New York Municipal Money Market Fund | Tax Free Money Market Fund | |
Asia Pacific Market Risk | ○ | ○ | ||||||||
Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk | • | • | • | • | ||||||
Concentration Risk | • | • | ||||||||
Credit Risk | • | • | • | • | • | • | • | • | • | • |
European Market Risk | ○ | ○ | ||||||||
Floating and Variable Rate Securities Risk | • | ○ | • | • | ○ | • | • | • | • | • |
Foreign Securities Risk | • | • | ||||||||
General Market Risk | • | • | • | • | • | • | • | • | • | • |
Geographic Focus Risk | ○ | • | ○ | • | ||||||
Government Securities Risk | • | • | • | • | • | • | • | • | • | • |
Industry and Sector Focus Risk | • | • | • | • | • | • | ||||
Interest Rate Risk | • | • | • | • | • | • | • | • | • | • |
Interfund Lending Risk | • | • | • Main Risks
○ Additional Risks
|
Prime Money Market Fund | 100% U.S. Treasury Securities Money Market Fund | Federal Money Market Fund | U.S. Government Money Market Fund | U.S. Treasury Plus Money Market Fund | California Municipal Money Market Fund | Liquid Assets Money Market Fund | Municipal Money Market Fund | New York Municipal Money Market Fund | Tax Free Money Market Fund | |
Japan Risk | ○ | ○ | ||||||||
LIBOR Discontinuance or Unavailability Risk | • | • | • | • | • | • | • | • | • | • |
Municipal Focus Risk | • | • | ||||||||
Municipal Obligations Risk | • | • | • | • | • | • | ||||
Net Asset Value Risk | • | • | • | • | • | • | • | • | • | |
Prepayment Risk | • | • | • | • | • | • | • | • | • | • |
Privately Placed Securities Risk | • | • | • | • | • | • | ||||
Repurchase Agreement Risk | • | • | • | ○ | • | ○ | ○ | ○ | ||
Risk Associated with the Fund Holding Cash | • | • | • | • | • | • | • | • | • | • |
Risk of California Obligations | • | |||||||||
Risk of New York Obligations | • | |||||||||
State and Local Taxation Risk | • | • | ||||||||
Structured Product Risk | • | • | • | • | ||||||
Tax Risk | • | • | • | • | ||||||
Transactions and Liquidity Risk | • | • | • | • | • | • | • | • | • | • |
Volcker Rule Risk | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ |
When-Issued, Delayed Settlement and Forward Commitment Transactions Risk | • | • | • | • |
• | Main Risks |
○ | Additional Risks |
Prime Money Market Fund | 0.08 % |
100% U.S. Treasury Securities Money Market Fund | 0.08 |
Federal Money Market Fund | 0.08 |
U.S. Government Money Market Fund | 0.08 |
U.S. Treasury Plus Money Market Fund | 0.08 |
California Municipal Money Market Fund | 0.05 |
Liquid Assets Money Market Fund | 0.08 |
Municipal Money Market Fund | 0.06 |
New York Municipal Money Market Fund | 0.07 |
Tax Free Money Market Fund | 0.08 |
• | If you hold Class C Shares, you may be required to pay a CDSC when you sell your shares if you held the shares for less than one year. |
• | J.P. Morgan Funds; or |
• | The specific Fund in which you are investing. |
• | Acting directly or through an agent, as the sole shareholder of record. |
• | Maintaining account records for customers. |
• | Processing orders to purchase, redeem or exchange shares for customers. |
• | Responding to inquiries from shareholders. |
• | Assisting customers with investment procedures. |
• | Select the “Systematic Investment Plan” option on the Account Application. |
• | Provide the necessary information about the bank account from which your investments will be made. |
• | You are eligible for the lower $50 initial investment amount as long as you agree to make regular monthly investments of at least $50 until you reach the required $1,000 investment amount per fund. Once the required amount is reached, you must maintain the minimum $1,000 investment in the Fund. |
• | You want to redeem shares with a value of $50,000 or more and you want to receive your proceeds in the form of a check; or |
• | You want your payment sent to an address, bank account or payee other than the one currently designated on your Fund account. |
• | Select the “Systematic Redemption Plan” option on the Account Application. |
• | Specify the amount you wish to receive and the frequency of the payments. |
• | You may designate a person other than yourself as the payee. |
• | There is no fee for this service. |
• | If you own Class C Shares, the applicable CDSC will be deducted from those payments unless such payments are made: |
• | Monthly and constitute no more than 1/12 of 10% of your then-current balance in a Fund each month; or |
• | Quarterly and constitute no more than 1/4 of 10% of your then-current balance in a Fund each quarter. |
• | Checks may be payable to any person and your account will continue to earn dividends until the check clears. |
• | Checks are free, but your bank or the payee may charge you for stop payment orders, insufficient funds, or other valid reasons. |
• | You cannot use this option to close your account because of the difficulty of determining the exact value of your account. |
• | You must wait five business days before you can write a check against shares purchased by a check or ACH. |
Years Since Purchase | CDSC
as a % of Dollar Amount Subject to Charge | |
0–1 | 1.00 | |
After first year | None |
1. | If you participate in a Systematic Redemption Plan as outlined in “Selling Fund Shares — Through a Systemic Redemption Plan” and withdraw no more than the amount permitted to be withdrawn without a CDSC. |
2. | Made due to the death or disability of a shareholder. For shareholders that become disabled, the redemption must be made within one year of initial qualification for Social Security disability payments or within one year of becoming disabled as defined in section 72(m)(7) of the Internal Revenue Code of 1986, as amended (the “Code”). This waiver is only available for accounts opened prior to the shareholder’s disability. In order to qualify for the waiver, the Distributor must be notified of the death or disability at the time of the redemption order and be provided with satisfactory evidence of such death or disability. |
3. | That represent a required minimum distribution from your IRA Account or other qualifying retirement plan. The waiver only applies to the pro rata required minimum distribution amount from the assets invested in one or more of the J.P. Morgan Funds. A required minimum distribution is the annual amount that must be withdrawn from pre-tax retirement accounts (such as Traditional, SEP, and SIMPLE IRAs) in or after the year the shareholder reaches the qualified age based on applicable IRS regulations. |
4. | That are part of a Fund-initiated event, such as mergers, liquidations, asset acquisitions, and exchange offers to which a Fund is a party, or result from a failure to maintain the required minimum balance in an account. However, you may pay a sales charge when you redeem the Fund shares you received in connection with the Fund-initiated event. |
5. | Exchanged into the same share class of other J.P. Morgan Funds. Your new Fund will be subject to the CDSC of the Fund from which you exchanged and the current holding period is carried over to your new shares. Please read “Exchanging Fund Shares” for more information |
6. | If the Distributor receives notice before you invest indicating that your Financial Intermediary, due to the type of account that you have, is waiving its commission. |
7. | Sold as a return of excess contributions from an IRA Account. |
8. | Sold to pay JPMDS or a Financial Intermediary account-related fees (only if the transaction is initiated by JPMDS or the Financial Intermediary). |
1. | To collect the $10 sub-minimum account fee, the Funds will redeem $10 worth of shares from your account. Shares redeemed for this reason will not be charged a CDSC, if applicable. |
2. | If your account falls below the Funds’ minimum investment requirement and is closed as a result, you will not be charged a CDSC, if applicable. For information on minimum required balances, please see “Buying Fund Shares — Minimum Investments.” |
1. | Trading on the NYSE is restricted; |
2. | The NYSE is closed (other than weekend and holiday closings); |
3. | Federal securities laws permit (with regard to JPMorgan Prime Money Market Fund, JPMorgan U.S. Treasury Plus Money Market Fund and JPMorgan U.S. Government Money Market Fund, upon the occurrence of any of the conditions set forth under Section 22(e) of the Investment Company Act of 1940); |
4. | The SEC has permitted a suspension; |
5. | An emergency exists, as determined by the SEC; or |
6. | The Board elects to implement a liquidity fee or redemption gate on a Retail Fund or the JPMorgan Prime Money Market Fund. |
IMPORTANT TAX REPORTING CONSIDERATIONS |
Your Financial Intermediary or the Funds (if you hold your shares in a Fund direct account) is required to report gains and losses to the IRS in connection with redemptions of shares by S corporations purchased after January 1, 2012. If a shareholder is a corporation and has not instructed the Fund that it is a C corporation in its account application or by written instruction to J.P. Morgan Funds Services, P.O. Box 219143, Kansas City, MO 64121-9145, the Funds will treat the shareholder as an S corporation and file a Form 1099-B. |
Per share operating performance | ||||||||
Investment operations | Distributions | |||||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net
realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions | |
JPMorgan Prime Money Market Fund* | ||||||||
Class C | ||||||||
Year Ended February 29, 2020 | $ 1.0003 | $ 0.0134 | $ 0.0002 | $ 0.0136 | $ (0.0134) | $—(b) | $ (0.0134) | |
Year Ended February 28, 2019 | 1.0001 | 0.0133 | 0.0002 | 0.0135 | (0.0133) | —(b) | (0.0133) | |
Year Ended February 28, 2018 | 1.0004 | 0.0039(c) | —(b) | 0.0039 | (0.0042) | —(b) | (0.0042) | |
Year Ended February 28, 2017 | 1.0000 | 0.0001(c) | 0.0006 | 0.0007 | (0.0003) | —(b) | (0.0003) | |
Year Ended February 29, 2016 | 1.00 | —(c)(d) | —(d) | —(d) | —(d) | —(d) | —(d) | |
Morgan | ||||||||
Year Ended February 29, 2020 | 1.0003 | 0.0180 | 0.0005 | 0.0185 | (0.0180) | —(b) | (0.0180) | |
Year Ended February 28, 2019 | 1.0001 | 0.0179 | 0.0002 | 0.0181 | (0.0179) | —(b) | (0.0179) | |
Year Ended February 28, 2018 | 1.0004 | 0.0089(c) | (0.0005) | 0.0084 | (0.0087) | —(b) | (0.0087) | |
Year Ended February 28, 2017 | 1.0000 | 0.0014(c) | 0.0012 | 0.0026 | (0.0022) | —(b) | (0.0022) | |
Year Ended February 29, 2016 | 1.00 | —(c)(d) | —(d) | —(d) | —(d) | —(d) | —(d) |
(a) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(b) | Amount rounds to less than $0.00005. |
(c) | Calculated based upon average shares outstanding. |
(d) | Amount rounds to less than $0.005. |
* | The JPMorgan Prime Money Market Fund began utilizing a floating NAV calculated to four decimal places on October 3, 2016. |
Ratios/Supplemental data | ||||||
Ratios to average net assets | ||||||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses (a) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
|
$1.0005 | 1.37% | $ 806 | 0.97% | 1.38% | 3.88% | |
1.0003 | 1.36 | 1,218 | 0.97 | 1.30 | 2.80 | |
1.0001 | 0.39 | 2,012 | 0.97 | 0.39 | 2.27 | |
1.0004 | 0.07 | 4,289 | 0.60 | 0.01 | 1.20 | |
1.00 | 0.01 | 39,558 | 0.34 | 0.01 | 1.18 | |
1.0008 | 1.87 | 2,880,586 | 0.51 | 1.78 | 0.51 | |
1.0003 | 1.82 | 2,395,205 | 0.52 | 1.88 | 0.53 | |
1.0001 | 0.84 | 739,866 | 0.52 | 0.89 | 0.56 | |
1.0004 | 0.26 | 534,288 | 0.52 | 0.14 | 0.54 | |
1.00 | 0.01 | 1,877,099 | 0.31 | 0.01 | 0.52 |
Per share operating performance | ||||||||
Investment operations | Distributions | |||||||
|
Net asset value, beginning of period |
Net investment income (loss) (a) |
Net
realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions | |
JPMorgan 100% U.S. Treasury Securities Money Market Fund | ||||||||
Morgan | ||||||||
Year Ended February 29, 2020 | $1.00 | $0.01 | $—(c) | $0.01 | $(0.01) | $—(c) | $(0.01) | |
Year Ended February 28, 2019 | 1.00 | 0.01 | —(c) | 0.01 | (0.01) | —(c) | (0.01) | |
Year Ended February 28, 2018 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 28, 2017 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 29, 2016 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(c) | Amount rounds to less than $0.005. |
(d) | Amount rounds to less than 0.005%. |
Ratios/Supplemental data | ||||||
Ratios to average net assets | ||||||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses (b) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
|
$1.00 | 1.49% | $2,023,440 | 0.59% | 1.47% | 0.60% | |
1.00 | 1.46 | 2,009,129 | 0.59 | 1.45 | 0.61 | |
1.00 | 0.45 | 1,617,985 | 0.59 | 0.46 | 0.61 | |
1.00 | 0.00(d) | 1,148,892 | 0.40 | 0.00(d) | 0.61 | |
1.00 | 0.00(d) | 1,990,677 | 0.10 | 0.00(d) | 0.61 |
Per share operating performance | ||||||||
Investment operations | Distributions | |||||||
|
Net asset value, beginning of period |
Net investment income (loss) (a) |
Net
realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions | |
JPMorgan Federal Money Market Fund | ||||||||
Morgan | ||||||||
Year Ended February 29, 2020 | $1.00 | $0.01 | $0.01 | $0.02 | $(0.02) | $—(c) | $(0.02) | |
Year Ended February 28, 2019 | 1.00 | 0.01 | —(c) | 0.01 | (0.01) | —(c) | (0.01) | |
Year Ended February 28, 2018 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 28, 2017 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 29, 2016 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(c) | Amount rounds to less than $0.005. |
Ratios/Supplemental data | ||||||
Ratios to average net assets | ||||||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses (b) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
|
$1.00 | 1.51% | $ 34,728 | 0.59% | 1.48% | 0.67% | |
1.00 | 1.46 | 29,289 | 0.59 | 1.45 | 0.70 | |
1.00 | 0.46 | 32,224 | 0.59 | 0.44 | 0.69 | |
1.00 | 0.02 | 53,090 | 0.42 | 0.01 | 0.67 | |
1.00 | 0.01 | 131,723 | 0.16 | 0.01 | 0.65 |
Per share operating performance | ||||||||
Investment operations | Distributions | |||||||
|
Net asset value, beginning of period |
Net investment income (loss) (a) |
Net
realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions | |
JPMorgan U.S. Government Money Market Fund | ||||||||
Morgan | ||||||||
Year Ended February 29, 2020 | $1.00 | $0.02 | $—(c) | $0.02 | $(0.02) | $— | $(0.02) | |
Year Ended February 28, 2019 | 1.00 | 0.01 | —(c) | 0.01 | (0.01) | — | (0.01) | |
Year Ended February 28, 2018 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 28, 2017 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 29, 2016 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(c) | Amount rounds to less than $0.005. |
Ratios/Supplemental data | ||||||
Ratios to average net assets | ||||||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses (b) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
|
$1.00 | 1.54% | $ 2,064,159 | 0.59% | 1.50% | 0.60% | |
1.00 | 1.48 | 1,660,477 | 0.59 | 1.49 | 0.61 | |
1.00 | 0.48 | 1,231,217 | 0.59 | 0.44 | 0.61 | |
1.00 | 0.02 | 2,460,361 | 0.46 | 0.02 | 0.61 | |
1.00 | 0.01 | 2,229,161 | 0.17 | 0.01 | 0.61 |
Per share operating performance | ||||||||
Investment operations | Distributions | |||||||
|
Net asset value, beginning of period |
Net investment income (loss) (a) |
Net
realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions | |
JPMorgan U.S. Treasury Plus Money Market Fund | ||||||||
Class C | ||||||||
Year Ended February 29, 2020 | $1.00 | $ 0.01 | $—(c) | $ 0.01 | $ (0.01) | $— | $ (0.01) | |
Year Ended February 28, 2019 | 1.00 | 0.01 | —(c) | 0.01 | (0.01) | — | (0.01) | |
Year Ended February 28, 2018 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 28, 2017 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 29, 2016 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Morgan | ||||||||
Year Ended February 29, 2020 | 1.00 | 0.02 | —(c) | 0.02 | (0.02) | — | (0.02) | |
Year Ended February 28, 2019 | 1.00 | 0.01 | —(c) | 0.01 | (0.01) | — | (0.01) | |
Year Ended February 28, 2018 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 28, 2017 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 29, 2016 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(c) | Amount rounds to less than $0.005. |
(d) | Amount rounds to less than 0.005%. |
Ratios/Supplemental data | ||||||
Ratios to average net assets | ||||||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses (b) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
|
$1.00 | 1.13% | $ 292,824 | 0.97% | 1.16% | 1.15% | |
1.00 | 1.11 | 375,230 | 0.97 | 1.09 | 1.16 | |
1.00 | 0.15 | 417,056 | 0.90 | 0.13 | 1.16 | |
1.00 | 0.00(d) | 578,579 | 0.48 | 0.00(d) | 1.16 | |
1.00 | 0.00(d) | 154,988 | 0.15 | 0.00(d) | 1.16 | |
1.00 | 1.52 | 734,856 | 0.59 | 1.49 | 0.60 | |
1.00 | 1.49 | 634,508 | 0.59 | 1.55 | 0.61 | |
1.00 | 0.47 | 283,619 | 0.59 | 0.48 | 0.62 | |
1.00 | 0.00(d) | 244,830 | 0.43 | 0.00(d) | 0.61 | |
1.00 | 0.00(d) | 706,209 | 0.15 | 0.00(d) | 0.61 |
Per share operating performance | ||||||||
Investment operations | Distributions | |||||||
|
Net asset value, beginning of period |
Net investment income (loss) (a) |
Net
realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions | |
JPMorgan California Municipal Money Market Fund | ||||||||
Morgan | ||||||||
Year Ended February 29, 2020 | $1.00 | $0.01 | $—(c) | $0.01 | $(0.01) | $—(c) | $(0.01) | |
Year Ended February 28, 2019 | 1.00 | 0.01 | —(c) | 0.01 | (0.01) | —(c) | (0.01) | |
Year Ended February 28, 2018 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 28, 2017 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 29, 2016 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(c) | Amount rounds to less than $0.005. |
Ratios/Supplemental data | ||||||
Ratios to average net assets | ||||||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses (b) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
|
$1.00 | 0.77% | $ 2,447 | 0.59% | 0.70% | 0.69% | |
1.00 | 0.86 | 1,591 | 0.59 | 0.85 | 0.72 | |
1.00 | 0.38 | 1,310 | 0.59 | 0.27 | 0.75 | |
1.00 | 0.08 | 7,314 | 0.41 | 0.04 | 0.64 | |
1.00 | 0.02 | 307,260 | 0.06 | 0.01 | 0.62 |
Per share operating performance | ||||||||
Investment operations | Distributions | |||||||
|
Net asset value, beginning of period |
Net investment income (loss) (a) |
Net
realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions | |
JPMorgan Liquid Assets Money Market Fund | ||||||||
Class C | ||||||||
Year Ended February 29, 2020 | $1.00 | $ 0.01 | $—(c) | $ 0.01 | $ (0.01) | $—(c) | $ (0.01) | |
Year Ended February 28, 2019 | 1.00 | 0.01 | —(c) | 0.01 | (0.01) | —(c) | (0.01) | |
Year Ended February 28, 2018 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 28, 2017 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 29, 2016 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Morgan | ||||||||
Year Ended February 29, 2020 | 1.00 | 0.02 | —(c) | 0.02 | (0.02) | —(c) | (0.02) | |
Year Ended February 28, 2019 | 1.00 | 0.02 | —(c) | 0.02 | (0.02) | —(c) | (0.02) | |
Year Ended February 28, 2018 | 1.00 | 0.01 | —(c) | 0.01 | (0.01) | —(c) | (0.01) | |
Year Ended February 28, 2017 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 29, 2016 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(c) | Amount rounds to less than $0.005. |
Ratios/Supplemental data | ||||||
Ratios to average net assets | ||||||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses (b) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
|
$1.00 | 1.34% | $ 18,423 | 0.97% | 1.35% | 1.18% | |
1.00 | 1.34 | 22,073 | 0.97 | 1.34 | 1.19 | |
1.00 | 0.40 | 22,267 | 0.97 | 0.38 | 1.20 | |
1.00 | 0.04 | 33,104 | 0.55 | 0.01 | 1.18 | |
1.00 | 0.01 | 505,609 | 0.33 | 0.01 | 1.18 | |
1.00 | 1.73 | 543,317 | 0.59 | 1.69 | 0.63 | |
1.00 | 1.73 | 307,584 | 0.59 | 1.76 | 0.68 | |
1.00 | 0.78 | 156,049 | 0.59 | 0.78 | 0.70 | |
1.00 | 0.16 | 144,168 | 0.54 | 0.04 | 0.64 | |
1.00 | 0.01 | 1,609,448 | 0.33 | 0.01 | 0.63 |
Per share operating performance | ||||||||
Investment operations | Distributions | |||||||
|
Net asset value, beginning of period |
Net investment income (loss) (a) |
Net
realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions | |
JPMorgan Municipal Money Market Fund | ||||||||
Morgan | ||||||||
Year Ended February 29, 2020 | $1.00 | $0.01 | $—(c) | $0.01 | $(0.01) | $—(c) | $(0.01) | |
Year Ended February 28, 2019 | 1.00 | 0.01 | —(c) | 0.01 | (0.01) | —(c) | (0.01) | |
Year Ended February 28, 2018 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 28, 2017 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 29, 2016 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(c) | Amount rounds to less than $0.005. |
Ratios/Supplemental data | ||||||
Ratios to average net assets | ||||||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses (b) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
|
$1.00 | 0.87% | $ 35,473 | 0.59% | 0.84% | 0.66% | |
1.00 | 0.93 | 15,899 | 0.59 | 0.92 | 0.65 | |
1.00 | 0.40 | 13,794 | 0.59 | 0.28 | 0.63 | |
1.00 | 0.08 | 312,787 | 0.49 | 0.07 | 0.64 | |
1.00 | 0.01 | 387,521 | 0.08 | 0.01 | 0.62 |
Per share operating performance | ||||||||
Investment operations | Distributions | |||||||
|
Net asset value, beginning of period |
Net investment income (loss) (a) |
Net
realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions | |
JPMorgan New York Municipal Money Market Fund | ||||||||
Morgan | ||||||||
Year Ended February 29, 2020 | $1.00 | $0.01 | $—(c) | $0.01 | $(0.01) | $—(c) | $(0.01) | |
Year Ended February 28, 2019 | 1.00 | 0.01 | —(c) | 0.01 | (0.01) | —(c) | (0.01) | |
Year Ended February 28, 2018 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 28, 2017 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 29, 2016 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(c) | Amount rounds to less than $0.005. |
Ratios/Supplemental data | ||||||
Ratios to average net assets | ||||||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses (b) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
|
$1.00 | 0.82% | $ 62,178 | 0.59% | 0.84% | 0.63% | |
1.00 | 0.89 | 132,127 | 0.59 | 0.88 | 0.66 | |
1.00 | 0.36 | 134,395 | 0.59 | 0.31 | 0.67 | |
1.00 | 0.06 | 303,713 | 0.47 | 0.06 | 0.66 | |
1.00 | 0.01 | 491,120 | 0.08 | 0.01 | 0.63 |
Per share operating performance | ||||||||
Investment operations | Distributions | |||||||
|
Net asset value, beginning of period |
Net investment income (loss) (a) |
Net
realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions | |
JPMorgan Tax Free Money Market Fund | ||||||||
Morgan | ||||||||
Year Ended February 29, 2020 | $1.00 | $0.01 | $—(c) | $0.01 | $(0.01) | $—(c) | $(0.01) | |
Year Ended February 28, 2019 | 1.00 | 0.01 | —(c) | 0.01 | (0.01) | —(c) | (0.01) | |
Year Ended February 28, 2018 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 28, 2017 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) | |
Year Ended February 29, 2016 | 1.00 | —(c) | —(c) | —(c) | —(c) | —(c) | —(c) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(c) | Amount rounds to less than $0.005. |
Ratios/Supplemental data | ||||||
Ratios to average net assets | ||||||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses (b) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
|
$1.00 | 0.84% | $ 10,842 | 0.59% | 0.83% | 0.64% | |
1.00 | 0.90 | 9,884 | 0.59 | 0.89 | 0.68 | |
1.00 | 0.35 | 9,555 | 0.59 | 0.34 | 0.66 | |
1.00 | 0.05 | 11,468 | 0.44 | 0.04 | 0.62 | |
1.00 | 0.03 | 111,381 | 0.04 | 0.01 | 0.62 |
Class | Net Expense Ratio | Gross Expense Ratio | |||
JPMorgan Prime Money Market Fund | Morgan | 0.51% | 0.51% | ||
C | 0.97% | 3.88% | |||
JPMorgan 100% U.S. Treasury Securities Money Market Fund | Morgan | 0.59% | 0.60% | ||
JPMorgan U.S. Government Money Market Fund | Morgan | 0.59% | 0.60% | ||
JPMorgan U.S. Treasury Plus Money Market Fund | Morgan | 0.59% | 0.60% | ||
C | 0.97% | 1.15% | |||
JPMorgan Liquid Assets Money Market Fund | Morgan | 0.59% | 0.63% | ||
C | 0.97% | 1.18% | |||
JPMorgan Municipal Money Market Fund | Morgan | 0.59% | 0.66% |
• | On July 1, 2020, you invest $10,000 in the Fund and you will hold the shares for the entire 10 year period; |
• | Your investment has a 5% return each year; |
• | The Fund’s operating expenses remain at the levels discussed below and are not affected by increases or decreases in Fund assets over time; |
• | At the time of purchase, any applicable initial sales charges (loads) are deducted; and |
• | There is no sales charge (load) on reinvested dividends. |
• | The annual costs are calculated using the Net Expense Ratios for the period through the expiration of any fee waivers or expense reimbursements memorialized in a written contract between the Funds and JPMIM and/or its affiliates; and the Gross Expense Ratios thereafter. |
JPMorgan Prime Money Market Fund | |||||||||
Morgan Shares | Class C Shares1 | ||||||||
Period Ended | Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return |
Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return | |
June 30, 2021 | $ 52 | 5.00% | 4.49% | 4.49% | $ 99 | 5.00% | 4.03% | 4.03% | |
June 30, 2022 | 54 | 10.25 | 9.18 | 4.49 | 406 | 10.25 | 5.20 | 1.12 | |
June 30, 2023 | 57 | 15.76 | 14.08 | 4.49 | 410 | 15.76 | 6.37 | 1.12 | |
June 30, 2024 | 59 | 21.55 | 19.21 | 4.49 | 415 | 21.55 | 7.56 | 1.12 | |
June 30, 2025 | 62 | 27.63 | 24.56 | 4.49 | 420 | 27.63 | 8.77 | 1.12 | |
June 30, 2026 | 65 | 34.01 | 30.15 | 4.49 | 424 | 34.01 | 9.99 | 1.12 | |
June 30, 2027 | 68 | 40.71 | 36.00 | 4.49 | 429 | 40.71 | 11.22 | 1.12 | |
June 30, 2028 | 71 | 47.75 | 42.10 | 4.49 | 434 | 47.75 | 12.47 | 1.12 | |
June 30, 2029 | 74 | 55.13 | 48.48 | 4.49 | 439 | 55.13 | 13.72 | 1.12 | |
June 30, 2030 | 77 | 62.89 | 55.15 | 4.49 | 444 | 62.89 | 15.00 | 1.12 |
1 | The disclosure and numbers for Class C Shares shown above assume that the shareholder did not redeem the shares.With redemption, the numbers for Class C Shares for the first year (period ended June 30, 2021) would be as follows: |
Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return |
||
$199 | 4.00% | 3.03% | 3.03% |
JPMorgan 100% Treasury Securities Money Market Fund | ||||
Morgan Shares | ||||
Period Ended | Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return |
June 30, 2021 | $60 | 5.00% | 4.41% | 4.41% |
June 30, 2022 | 64 | 10.25 | 9.00 | 4.40 |
June 30, 2023 | 67 | 15.76 | 13.80 | 4.40 |
June 30, 2024 | 70 | 21.55 | 18.81 | 4.40 |
June 30, 2025 | 73 | 27.63 | 24.03 | 4.40 |
June 30, 2026 | 76 | 34.01 | 29.49 | 4.40 |
June 30, 2027 | 79 | 40.71 | 35.19 | 4.40 |
June 30, 2028 | 83 | 47.75 | 41.14 | 4.40 |
June 30, 2029 | 87 | 55.13 | 47.35 | 4.40 |
June 30, 2030 | 90 | 62.89 | 53.83 | 4.40 |
JPMorgan U.S. Government Money Market Fund | ||||
Morgan Shares | ||||
Period Ended | Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return |
June 30, 2021 | $60 | 5.00% | 4.41% | 4.41% |
June 30, 2022 | 64 | 10.25 | 9.00 | 4.40 |
June 30, 2023 | 67 | 15.76 | 13.80 | 4.40 |
June 30, 2024 | 70 | 21.55 | 18.81 | 4.40 |
June 30, 2025 | 73 | 27.63 | 24.03 | 4.40 |
June 30, 2026 | 76 | 34.01 | 29.49 | 4.40 |
June 30, 2027 | 79 | 40.71 | 35.19 | 4.40 |
June 30, 2028 | 83 | 47.75 | 41.14 | 4.40 |
June 30, 2029 | 87 | 55.13 | 47.35 | 4.40 |
June 30, 2030 | 90 | 62.89 | 53.83 | 4.40 |
JPMorgan U.S. Treasury Plus Money Market Fund | |||||||||
Morgan Shares | Class C Shares1 | ||||||||
Period Ended | Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return |
Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return | |
June 30, 2021 | $60 | 5.00% | 4.41% | 4.41% | $ 99 | 5.00% | 4.03% | 4.03% | |
June 30, 2022 | 64 | 10.25 | 9.00 | 4.40 | 122 | 10.25 | 8.04 | 3.85 | |
June 30, 2023 | 67 | 15.76 | 13.80 | 4.40 | 127 | 15.76 | 12.19 | 3.85 | |
June 30, 2024 | 70 | 21.55 | 18.81 | 4.40 | 132 | 21.55 | 16.51 | 3.85 | |
June 30, 2025 | 73 | 27.63 | 24.03 | 4.40 | 137 | 27.63 | 21.00 | 3.85 | |
June 30, 2026 | 76 | 34.01 | 29.49 | 4.40 | 142 | 34.01 | 25.66 | 3.85 | |
June 30, 2027 | 79 | 40.71 | 35.19 | 4.40 | 147 | 40.71 | 30.50 | 3.85 | |
June 30, 2028 | 83 | 47.75 | 41.14 | 4.40 | 153 | 47.75 | 35.52 | 3.85 | |
June 30, 2029 | 87 | 55.13 | 47.35 | 4.40 | 159 | 55.13 | 40.74 | 3.85 | |
June 30, 2030 | 90 | 62.89 | 53.83 | 4.40 | 165 | 62.89 | 46.16 | 3.85 |
1 | The disclosure and numbers for Class C Shares shown above assume that the shareholder did not redeem the shares.With redemption, the numbers for Class C Shares for the first year (period ended June 30, 2021) would be as follows: |
Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return |
||
$199 | 4.00% | 3.03% | 3.03% |
JPMorgan Liquid Assets Money Market Fund | |||||||||
Morgan Shares | Class C Shares1 | ||||||||
Period Ended | Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return |
Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return | |
June 30, 2021 | $60 | 5.00% | 4.41% | 4.41% | $ 99 | 5.00% | 4.03% | 4.03% | |
June 30, 2022 | 67 | 10.25 | 8.97 | 4.37 | 125 | 10.25 | 8.00 | 3.82 | |
June 30, 2023 | 70 | 15.76 | 13.73 | 4.37 | 130 | 15.76 | 12.13 | 3.82 | |
June 30, 2024 | 73 | 21.55 | 18.71 | 4.37 | 135 | 21.55 | 16.41 | 3.82 | |
June 30, 2025 | 76 | 27.63 | 23.89 | 4.37 | 140 | 27.63 | 20.86 | 3.82 | |
June 30, 2026 | 80 | 34.01 | 29.31 | 4.37 | 145 | 34.01 | 25.48 | 3.82 | |
June 30, 2027 | 83 | 40.71 | 34.96 | 4.37 | 151 | 40.71 | 30.27 | 3.82 | |
June 30, 2028 | 87 | 47.75 | 40.85 | 4.37 | 157 | 47.75 | 35.25 | 3.82 | |
June 30, 2029 | 91 | 55.13 | 47.01 | 4.37 | 163 | 55.13 | 40.41 | 3.82 | |
June 30, 2030 | 95 | 62.89 | 53.43 | 4.37 | 169 | 62.89 | 45.78 | 3.82 |
1 | The disclosure and numbers for Class C Shares shown above assume that the shareholder did not redeem the shares.With redemption, the numbers for Class C Shares for the first year (period ended June 30, 2021) would be as follows: |
Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return |
||
$199 | 4.00% | 3.03% | 3.03% |
JPMorgan Municipal Money Market Fund | ||||
Morgan Shares | ||||
Period Ended | Annual
Costs |
Gross
Cumulative Return |
Net
Cumulative Return |
Net
Annual Return |
June 30, 2021 | $60 | 5.00% | 4.41% | 4.41% |
June 30, 2022 | 70 | 10.25 | 8.94 | 4.34 |
June 30, 2023 | 73 | 15.76 | 13.67 | 4.34 |
June 30, 2024 | 77 | 21.55 | 18.60 | 4.34 |
June 30, 2025 | 80 | 27.63 | 23.75 | 4.34 |
June 30, 2026 | 83 | 34.01 | 29.12 | 4.34 |
June 30, 2027 | 87 | 40.71 | 34.72 | 4.34 |
June 30, 2028 | 91 | 47.75 | 40.57 | 4.34 |
June 30, 2029 | 95 | 55.13 | 46.67 | 4.34 |
June 30, 2030 | 99 | 62.89 | 53.04 | 4.34 |
• | Death or disability of the shareholder. |
• | Shares sold as part of a systematic withdrawal plan as described in the Fund’s prospectus. |
• | Return of excess contributions from an IRA Account. |
• | Shares sold as part of a required minimum distribution for IRA or other qualifying retirement accounts as described in the Fund’s prospectus. |
• | Shares acquired through a right of reinstatement. |
• | Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate's life if the associate retires from Edward Jones in good-standing. |
• | Shares purchased in an Edward Jones fee-based program. |
• | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment. |
• | Shares purchased from the proceeds of redeemed shares of the same fund family so long as the following conditions are met: 1) the proceeds are from the sale of shares within 60 days of the purchase, and 2) the sale and purchase are made in the same share class and the same account or the purchase is made in an individual retirement account with proceeds from liquidations in a non-retirement account. |
• | The death or disability of the shareholder |
• | Systematic withdrawals with up to 10% per year of the account value |
• | Return of excess contributions from an Individual Retirement Account (IRA) |
• | Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations |
• | Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initiated by Edward Jones |
• | Shares exchanged in an Edward Jones fee-based program. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable |
• | Shares acquired through NAV reinstatement |
• | $250 initial purchase minimum |
• | $50 subsequent purchase minimum |
• | Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy: |
• | A fee-based account held on an Edward Jones platform |
• | A 529 account held on an Edward Jones platform |
• | An account with an active systematic investment plan or letter of intent (LOI) |
• | At any time it deems necessary, Edward Jones has the authority to exchange at NAV a shareholder's holdings in a Fund to Morgan Shares. |
• | Shares sold upon the death or disability of the shareholder. |
• | Shares sold as part of a systematic withdrawal plan as described in a Fund’s Prospectus. |
• | Shares purchased in connection with a return of excess contributions from an IRA account. |
• | Shares sold as part of a required minimum distribution for IRA and other retirement accounts as described in a Fund’s Prospectus. |
• | Shares sold to pay Janney fees but only if the transaction is initiated by Janney. |
• | Shares acquired through a right of reinstatement. |
• | Shares exchanged into the same share class of a different Fund within the fund family. |
• | Death or disability of the shareholder. |
• | Shares sold as part of a systematic withdrawal plan as described in the Fund’s prospectus. |
• | Return of excess contributions from an IRA Account. |
• | Shares sold as part of a required minimum distribution for IRA or other qualifying retirement accounts as described in the Fund’s prospectus. |
• | Shares sold to pay OPCO fees but only if the transaction is initiated by OPCO. |
• | Shares acquired through a right of reinstatement. |
• | Death or disability of the shareholder. |
• | Shares sold as part of a systematic withdrawal plan as described in the Funds’ prospectus. |
• | Return of excess contributions from an IRA Account. |
• | Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the Funds’ prospectus. |
• | Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James. |
• | Shares acquired through a right of reinstatement. |
• | Shares sold due to death or disability of the shareholder. |
• | Shares sold as part of a systematic withdrawal plan as described in the Fund’s Prospectus. |
• | Shares bought due to returns of excess contributions from an IRA Account. |
• | Shares sold as part of a required minimum distribution for IRA or other qualifying retirement accounts as described in the Fund’s prospectus. |
• | Shares sold to pay Baird fees but only if the transaction is initiated by Baird. |
• | Shares acquired through a right of reinstatement. |