| |
1 | |
6 | |
10 | |
14 | |
18 | |
22 | |
28 | |
34 | |
39 | |
44 | |
49 | |
49 | |
59 | |
67 | |
68 | |
71 |
71 | |
72 | |
74 | |
74 | |
79 | |
82 | |
83 | |
84 | |
86 | |
86 | |
88 | |
88 | |
88 | |
89 | |
90 | |
92 | |
112 | |
115 | |
Back
cover |
| |
|
Morgan |
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
MORGAN
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
MORGAN
SHARES |
% |
% |
% |
For
Morgan Shares | |
To
establish an account |
$1,000 |
To
add to an account |
$50 |
| |
|
Morgan |
Management
Fees |
|
Distribution
(Rule 12b-1) Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
MORGAN
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
MORGAN
SHARES |
% |
% |
% |
For
Morgan Shares | |
To
establish an account |
$1,000 |
To
add to an account |
$50 |
| |
|
Morgan |
Management
Fees |
|
Distribution
(Rule 12b-1) Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements1 |
- |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements1 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
MORGAN
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
MORGAN
SHARES |
% |
% |
% |
For
Morgan Shares | |
To
establish an account |
$1,000 |
To
add to an account |
$50 |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
Morgan |
Management
Fees |
0.08% |
Distribution
(Rule 12b-1) Fees |
0.10 |
Other
Expenses |
0.41 |
Service
Fees |
0.35 |
Remainder
of Other Expenses |
0.06 |
Total
Annual Fund Operating Expenses |
0.59 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
MORGAN
SHARES ($) |
60 |
189 |
329 |
738 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
4Q,
2022 |
0.74% |
Worst
Quarter |
1Q, 2Q, 3Q
and 4Q 2013
1Q, 2Q, 3Q
and 4Q 2014
1Q, 2Q, 3Q
and 4Q 2015
1Q, 2Q, 3Q
and 4Q 2016
2Q, 3Q and 4Q
2020
1Q, 2Q, 3Q
and 4Q 2021 |
0.00% |
|
1Q
2022 |
The Fund’s
year-to-date total return |
through |
3/31/23 |
was |
0.97% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2022) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
MORGAN
SHARES |
1.19
% |
0.87
% |
0.48
% |
For
Morgan Shares | |
To
establish an account |
$1,000 |
To
add to an account |
$50 |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
Morgan |
Management
Fees |
0.08% |
Distribution
(Rule 12b-1) Fees |
0.10 |
Other
Expenses |
0.41 |
Service
Fees |
0.35 |
Remainder
of Other Expenses |
0.06 |
Total
Annual Fund Operating Expenses |
0.59 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
MORGAN
SHARES ($) |
60 |
189 |
329 |
738 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
4Q,
2022 |
0.74% |
Worst
Quarter |
1Q, 2Q, 3Q
and 4Q 2013
1Q, 2Q, 3Q
and 4Q 2014
1Q, 2Q, 3Q
and 4Q 2015
1Q, 2Q, 3Q
and 4Q 2016
2Q, 3Q and 4Q
2020
1Q, 2Q, 3Q
and 4Q 2021 |
0.00% |
|
1Q
2022 |
The Fund’s
year-to-date total return |
through |
3/31/23 |
was |
0.98% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2022) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
MORGAN
SHARES |
1.16
% |
0.87
% |
0.47
% |
For
Morgan Shares | |
To
establish an account |
$1,000 |
To
add to an account |
$50 |
| |
|
Morgan |
Management
Fees |
|
Distribution
(Rule 12b-1) Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements1 |
- |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements1 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
MORGAN
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
MORGAN
SHARES |
% |
% |
% |
For
Morgan Shares | |
To
establish an account |
$1,000 |
To
add to an account |
$50 |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
Morgan |
Management
Fees |
0.08% |
Distribution
(Rule 12b-1) Fees |
0.10 |
Other
Expenses |
0.42 |
Service
Fees |
0.35 |
Remainder
of Other Expenses |
0.07 |
Total
Annual Fund Operating Expenses |
0.60 |
Fee
Waivers and/or Expense Reimbursements1 |
-0.01 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements1 |
0.59 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
MORGAN
SHARES ($) |
60 |
191 |
334 |
749 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
4Q,
2022 |
0.83% |
Worst
Quarter |
1Q, 2Q, 3Q
and 4Q 2013
1Q, 2Q, 3Q
and 4Q 2014
1Q, 2Q, 3Q
and 4Q 2015
1Q, 2Q and 3Q
2016
3Q
2020
2Q, 3Q and 4Q
2021 |
0.00% |
|
1Q
2022 |
The Fund’s
year-to-date total return |
through |
3/31/23 |
was |
1.03% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2022) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
MORGAN
SHARES |
1.35
% |
1.02
% |
0.59
% |
For
Morgan Shares | |
To
establish an account |
$1,000 |
To
add to an account |
$50 |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
Morgan |
Management
Fees |
0.08% |
Distribution
(Rule 12b-1) Fees |
0.10 |
Other
Expenses |
0.44 |
Service
Fees |
0.35 |
Remainder
of Other Expenses |
0.09 |
Total
Annual Fund Operating Expenses |
0.62 |
Fee
Waivers and/or Expense Reimbursements1 |
-0.03 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements1 |
0.59 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
MORGAN
SHARES ($) |
60 |
196 |
343 |
771 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
4Q,
2022 |
0.46% |
Worst
Quarter |
1Q, 2Q, 3Q
and 4Q 2013
1Q, 2Q and 3Q
2014
1Q, 2Q and 3Q
2015
1Q and 2Q
2016
3Q
2020
1Q, 2Q, 3Q
and 4Q 2021 |
0.00% |
|
1Q
2022 |
The Fund’s
year-to-date total return |
through |
3/31/23 |
was |
0.57% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2022) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
MORGAN
SHARES |
0.71
% |
0.57
% |
0.32
% |
For
Morgan Shares | |
To
establish an account |
$1,000 |
To
add to an account |
$50 |
| |
|
Morgan |
Management
Fees |
|
Distribution
(Rule 12b-1) Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements1 |
- |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements1 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
MORGAN
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
MORGAN
SHARES |
% |
% |
% |
For
Morgan Shares | |
To
establish an account |
$1,000 |
To
add to an account |
$50 |
| |
|
Morgan |
Management
Fees |
|
Distribution
(Rule 12b-1) Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements1 |
- |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements1 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
MORGAN
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
MORGAN
SHARES |
% |
% |
% |
For
Morgan Shares | |
To
establish an account |
$1,000 |
To
add to an account |
$50 |
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 |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Cyber
Security 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 |
• |
• |
• |
• |
• |
• |
• |
• |
• |
•
|
|
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 |
Interfund
Lending Risk |
|
|
|
• |
|
|
• |
|
|
|
Japan
Risk |
○ |
|
|
|
|
|
○ |
|
|
|
LIBOR
Discontinuance or Unavailability Risk |
• |
|
|
|
|
|
• |
|
|
|
Municipal
Focus Risk |
|
|
|
|
|
• |
|
|
• |
|
Municipal
Obligations Risk |
• |
|
|
|
|
• |
• |
• |
• |
• |
Net Asset
Value Risk |
|
• |
• |
• |
• |
• |
• |
• |
• |
• |
Prepayment
Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Privately
Placed Securities Risk |
• |
|
|
|
|
• |
• |
• |
• |
• |
Regulatory
and Legal Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Repurchase
Agreement Risk |
• |
|
|
• |
• |
○ |
• |
○ |
○ |
○ |
Risk
Associated with the Fund Holding Cash |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Risk of
California Obligations |
|
|
|
|
|
• |
|
|
|
|
Risk of New
York Obligations |
|
|
|
|
|
|
|
|
• |
|
Risk of
Regulation of Money Market Funds |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
State and
Local Taxation Risk |
|
|
• |
• |
|
|
|
|
|
|
Structured
Product Risk |
|
|
|
|
|
• |
|
• |
• |
• |
Tax
Risk |
|
|
|
|
|
• |
|
• |
• |
• |
Transactions
and Liquidity Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Volcker Rule
Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
When-Issued,
Delayed Settlement and Forward Commitment Transac-
tions
Risk |
• |
|
• |
• |
|
|
• |
|
|
|
Prime
Money Market Fund |
0.08% |
100%
U.S. Treasury Securities Money Market Fund |
0.08 |
Federal
Money Market Fund |
0.07 |
U.S.
Government Money Market Fund |
0.07 |
U.S.
Treasury Plus Money Market Fund |
0.07 |
California
Municipal Money Market Fund |
0.06 |
Liquid
Assets Money Market Fund |
0.08 |
Municipal
Money Market Fund |
0.07 |
New
York Municipal Money Market Fund |
0.08 |
Tax
Free Money Market Fund |
0.08 |
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 |
|
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
|
Year
Ended February 28, 2023 |
$1.0007 |
$0.0209 |
$0.0003 |
$0.0212 |
$(0.0209) |
$— |
$(0.0209) |
Year
Ended February 28, 2022 |
1.0011 |
0.0001 |
(0.0004) |
(0.0003) |
(0.0001) |
— |
(0.0001) |
Year
Ended February 28, 2021 |
1.0008 |
0.0016 |
0.0003 |
0.0019 |
(0.0016) |
—(c) |
(0.0016) |
Year
Ended February 29, 2020 |
1.0003 |
0.0180 |
0.0005 |
0.0185 |
(0.0180) |
—(c) |
(0.0180) |
Year
Ended February 28, 2019 |
1.0001 |
0.0179 |
0.0002 |
0.0181 |
(0.0179) |
—(c) |
(0.0179) |
Voluntary
waivers were as follows: |
February 28,
2023 |
February 28,
2022 |
February 28,
2021 |
February 29,
2020 |
February 28,
2019 |
Morgan |
0.02% |
0.34% |
0.12% |
— |
— |
|
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 and
reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0010 |
2.14% |
$1,857,527 |
0.48%(b) |
2.41% |
0.50% |
1.0007 |
(0.03) |
877,230 |
0.17(b) |
0.01 |
0.50 |
1.0011 |
0.19 |
1,353,316 |
0.38(b) |
0.22 |
0.50 |
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 |
|
|
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 28, 2023 |
$1.00 |
$0.02 |
$— |
$0.02 |
$(0.02) |
$— |
$(0.02) |
Year
Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year
Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
— |
—(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) |
Voluntary
waivers were as follows: |
February 28,
2023 |
February 28,
2022 |
February 28,
2021 |
February 29,
2020 |
February 28,
2019 |
Morgan |
0.05% |
0.52% |
0.34% |
— |
— |
|
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 and
reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
1.73% |
$2,329,156 |
0.53%(d) |
1.70% |
0.59% |
1.00 |
0.00(e) |
2,206,039 |
0.06(d) |
0.00(e) |
0.58 |
1.00 |
0.05 |
2,251,619 |
0.24(d) |
0.05 |
0.59 |
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 |
|
|
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 28, 2023 |
$1.00 |
$0.02 |
$—(c) |
$0.02 |
$(0.02) |
$— |
$(0.02) |
Year
Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year
Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
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) |
Voluntary
waivers were as follows: |
February 28,
2023 |
February 28,
2022 |
February 28,
2021 |
February 29,
2020 |
February 28,
2019 |
Morgan |
0.04% |
0.53% |
0.36% |
— |
— |
|
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 and
reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
1.81% |
$135,312 |
0.55%(d) |
2.16% |
0.63% |
1.00 |
0.00(e) |
55,291 |
0.06(d) |
0.00(e) |
0.64 |
1.00 |
0.06 |
53,546 |
0.23(d) |
0.05 |
0.63 |
1.00 |
1.51 |
34,728 |
0.59 |
1.48 |
0.67 |
1.00 |
1.46 |
29,289 |
0.59 |
1.45 |
0.70 |
|
|
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 asset
value,
end of
period |
JPMorgan
U.S. Government Money Market Fund |
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
Year
Ended February 28, 2023 |
$1.00 |
$0.02 |
$— |
$0.02 |
$(0.02) |
$1.00 |
Year
Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
1.00 |
Year
Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
1.00 |
Year
Ended February 29, 2020 |
1.00 |
0.02 |
—(c) |
0.02 |
(0.02) |
1.00 |
Year
Ended February 28, 2019 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
1.00 |
Voluntary
waivers were as follows: |
February 28,
2023 |
February 28,
2022 |
February 28,
2021 |
February 29,
2020 |
February 28,
2019 |
Morgan |
0.04% |
0.51% |
0.33% |
— |
— |
Ratios/Supplemental
data | ||||
|
|
Ratios to
average net assets | ||
Total
return |
Net assets,
end of
period
(000’s) |
Net
expenses
(b) |
Net
investment
income
(loss) |
Expenses without
waivers and
reimbursements |
|
|
|
|
|
|
|
|
|
|
1.81% |
$4,027,309 |
0.54%(d) |
2.08% |
0.59% |
0.00(e) |
1,956,424 |
0.07(d) |
0.00(e) |
0.59 |
0.05 |
1,870,723 |
0.25(d) |
0.05 |
0.59 |
1.54 |
2,064,159 |
0.59 |
1.50 |
0.60 |
1.48 |
1,660,477 |
0.59 |
1.49 |
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 asset
value,
end of
period |
JPMorgan
U.S. Treasury Plus Money Market Fund |
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
Year
Ended February 28, 2023 |
$1.00 |
$0.02 |
$— |
$0.02 |
$(0.02) |
$1.00 |
Year
Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
1.00 |
Year
Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
1.00 |
Year
Ended February 29, 2020 |
1.00 |
0.02 |
—(c) |
0.02 |
(0.02) |
1.00 |
Year
Ended February 28, 2019 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
1.00 |
Voluntary
waivers were as follows: |
February 28,
2023 |
February 28,
2022 |
February 28,
2021 |
February 29,
2020 |
February 28,
2019 |
Morgan |
0.04% |
0.52% |
0.31% |
— |
— |
Ratios/Supplemental
data | ||||
|
|
Ratios to
average net assets | ||
Total
return |
Net assets,
end of
period
(000’s) |
Net
expenses
(b) |
Net
investment
income
(loss) |
Expenses without
waivers and
reimbursements |
|
|
|
|
|
|
|
|
|
|
1.80% |
$1,110,743 |
0.55%(d) |
2.21% |
0.59% |
0.00(e) |
350,701 |
0.06(d) |
0.00(e) |
0.59 |
0.04 |
436,183 |
0.28(d) |
0.05 |
0.59 |
1.52 |
734,856 |
0.59 |
1.49 |
0.60 |
1.49 |
634,508 |
0.59 |
1.55 |
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 28, 2023 |
$1.00 |
$0.01 |
$— |
$0.01 |
$(0.01) |
$— |
$(0.01) |
Year
Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year
Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(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) |
Voluntary
waivers were as follows: |
February 28,
2023 |
February 28,
2022 |
February 28,
2021 |
February 29,
2020 |
February 28,
2019 |
Morgan |
0.02% |
0.49% |
0.31% |
— |
— |
|
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 and
reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
0.98% |
$8,762 |
0.57%(d) |
1.26% |
0.68% |
1.00 |
0.02 |
3,744 |
0.10(d) |
0.01 |
0.69 |
1.00 |
0.17 |
7,122 |
0.28(d) |
0.12 |
0.63 |
1.00 |
0.77 |
2,447 |
0.59 |
0.70 |
0.69 |
1.00 |
0.86 |
1,591 |
0.59 |
0.85 |
0.72 |
|
|
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 |
|
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
|
Year
Ended February 28, 2023 |
$1.00 |
$0.02 |
$— |
$0.02 |
$(0.02) |
$— |
$(0.02) |
Year
Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
— |
—(c) |
Year
Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
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) |
Voluntary
waivers were as follows: |
February 28,
2023 |
February 28,
2022 |
February 28,
2021 |
February 29,
2020 |
February 28,
2019 |
Morgan |
0.02% |
0.42% |
0.19% |
— |
— |
|
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 and
reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.02% |
$2,177,582 |
0.56%(d) |
2.79% |
0.60% |
1.00 |
0.01 |
453,086 |
0.17(d) |
0.01 |
0.61 |
1.00 |
0.14 |
627,541 |
0.40(d) |
0.14 |
0.60 |
1.00 |
1.73 |
543,317 |
0.59 |
1.69 |
0.63 |
1.00 |
1.73 |
307,584 |
0.59 |
1.76 |
0.68 |
|
|
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 28, 2023 |
$1.00 |
$0.01 |
$— |
$0.01 |
$(0.01) |
$— |
$(0.01) |
Year
Ended February 28, 2022 |
1.00 |
—(d) |
—(d) |
—(d) |
—(d) |
—(d) |
—(d) |
Year
Ended February 28, 2021 |
1.00 |
—(d) |
—(d) |
—(d) |
—(d) |
—(d) |
—(d) |
Year
Ended February 29, 2020 |
1.00 |
0.01 |
—(d) |
0.01 |
(0.01) |
—(d) |
(0.01) |
Year
Ended February 28, 2019 |
1.00 |
0.01 |
—(d) |
0.01 |
(0.01) |
—(d) |
(0.01) |
Voluntary
waivers were as follows: |
February 28,
2023 |
February 28,
2022 |
February 28,
2021 |
February 29,
2020 |
February 28,
2019 |
Morgan |
0.02% |
0.46% |
0.24% |
— |
— |
|
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 and
reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
1.07% |
$36,619 |
0.57%(c) |
1.16% |
0.62% |
1.00 |
0.01 |
24,236 |
0.13(c) |
0.01 |
0.63 |
1.00 |
0.22 |
43,853 |
0.35(c) |
0.16 |
0.62 |
1.00 |
0.87 |
35,473 |
0.59 |
0.84 |
0.66 |
1.00 |
0.93 |
15,899 |
0.59 |
0.92 |
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
New York Municipal Money Market Fund |
|
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
|
Year
Ended February 28, 2023 |
$1.00 |
$0.01 |
$— |
$0.01 |
$(0.01) |
$— |
$(0.01) |
Year
Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year
Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(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) |
Voluntary
waivers were as follows: |
February 28,
2023 |
February 28,
2022 |
February 28,
2021 |
February 29,
2020 |
February 28,
2019 |
Morgan |
0.04% |
0.46% |
0.27% |
— |
— |
|
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 and
reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
1.10% |
$50,655 |
0.55%(d) |
1.08% |
0.63% |
1.00 |
0.01 |
50,015 |
0.13(d) |
0.01 |
0.65 |
1.00 |
0.23 |
59,934 |
0.32(d) |
0.20 |
0.64 |
1.00 |
0.82 |
62,178 |
0.59 |
0.84 |
0.63 |
1.00 |
0.89 |
132,127 |
0.59 |
0.88 |
0.66 |
|
|
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 28, 2023 |
$1.00 |
$0.01 |
$— |
$0.01 |
$(0.01) |
$— |
$(0.01) |
Year
Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year
Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(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) |
Voluntary
waivers were as follows: |
February 28,
2023 |
February 28,
2022 |
February 28,
2021 |
February 29,
2020 |
February 28,
2019 |
Morgan |
0.02% |
0.49% |
0.29% |
— |
— |
|
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 and
reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
1.09% |
$43,671 |
0.56%(d) |
1.31% |
0.60% |
1.00 |
0.01 |
17,140 |
0.10(d) |
0.01 |
0.62 |
1.00 |
0.19 |
22,830 |
0.30(d) |
0.12 |
0.61 |
1.00 |
0.84 |
10,842 |
0.59 |
0.83 |
0.64 |
1.00 |
0.90 |
9,884 |
0.59 |
0.89 |
0.68 |
|
|
|
|
|
Class |
Net
Expense Ratio |
Gross
Expense Ratio |
JPMorgan
Prime Money Market Fund |
Morgan |
0.50
% |
0.50
% |
JPMorgan
100% U.S. Treasury Securities Money Market Fund |
Morgan |
0.59
% |
0.59
% |
JPMorgan
U.S. Government Money Market Fund |
Morgan |
0.59
% |
0.59
% |
JPMorgan
U.S. Treasury Plus Money Market Fund |
Morgan |
0.59
% |
0.59
% |
JPMorgan
Liquid Assets Money Market Fund |
Morgan |
0.59
% |
0.60
% |
JPMorgan
Municipal Money Market Fund |
Morgan |
0.59
% |
0.62
% |
JPMorgan
Prime Money Market Fund | ||||
|
Morgan
Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June 30,
2024 |
$51 |
5.00% |
4.50% |
4.50% |
June 30,
2025 |
53 |
10.25 |
9.20 |
4.50 |
June 30,
2026 |
56 |
15.76 |
14.12 |
4.50 |
June 30,
2027 |
58 |
21.55 |
19.25 |
4.50 |
June 30,
2028 |
61 |
27.63 |
24.62 |
4.50 |
June 30,
2029 |
64 |
34.01 |
30.23 |
4.50 |
June 30,
2030 |
67 |
40.71 |
36.09 |
4.50 |
June 30,
2031 |
70 |
47.75 |
42.21 |
4.50 |
June 30,
2032 |
73 |
55.13 |
48.61 |
4.50 |
June 30,
2033 |
76 |
62.89 |
55.30 |
4.50 |
JPMorgan
100% Treasury Securities Money Market Fund | ||||
|
Morgan
Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June 30,
2024 |
$60 |
5.00% |
4.41% |
4.41% |
June 30,
2025 |
63 |
10.25 |
9.01 |
4.41 |
June 30,
2026 |
66 |
15.76 |
13.82 |
4.41 |
June 30,
2027 |
69 |
21.55 |
18.84 |
4.41 |
June 30,
2028 |
72 |
27.63 |
24.08 |
4.41 |
June 30,
2029 |
75 |
34.01 |
29.55 |
4.41 |
June 30,
2030 |
78 |
40.71 |
35.27 |
4.41 |
June 30,
2031 |
82 |
47.75 |
41.23 |
4.41 |
June 30,
2032 |
85 |
55.13 |
47.46 |
4.41 |
June 30,
2033 |
89 |
62.89 |
53.96 |
4.41 |
JPMorgan
U.S. Government Money Market Fund | ||||
|
Morgan
Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June 30,
2024 |
$60 |
5.00% |
4.41% |
4.41% |
June 30,
2025 |
63 |
10.25 |
9.01 |
4.41 |
June 30,
2026 |
66 |
15.76 |
13.82 |
4.41 |
June 30,
2027 |
69 |
21.55 |
18.84 |
4.41 |
June 30,
2028 |
72 |
27.63 |
24.08 |
4.41 |
June 30,
2029 |
75 |
34.01 |
29.55 |
4.41 |
June 30,
2030 |
78 |
40.71 |
35.27 |
4.41 |
June 30,
2031 |
82 |
47.75 |
41.23 |
4.41 |
June 30,
2032 |
85 |
55.13 |
47.46 |
4.41 |
June 30,
2033 |
89 |
62.89 |
53.96 |
4.41 |
JPMorgan
U.S. Treasury Plus Money Market Fund | ||||
|
Morgan
Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June 30,
2024 |
$60 |
5.00% |
4.41% |
4.41% |
June 30,
2025 |
63 |
10.25 |
9.01 |
4.41 |
June 30,
2026 |
66 |
15.76 |
13.82 |
4.41 |
June 30,
2027 |
69 |
21.55 |
18.84 |
4.41 |
June 30,
2028 |
72 |
27.63 |
24.08 |
4.41 |
June 30,
2029 |
75 |
34.01 |
29.55 |
4.41 |
June 30,
2030 |
78 |
40.71 |
35.27 |
4.41 |
June 30,
2031 |
82 |
47.75 |
41.23 |
4.41 |
June 30,
2032 |
85 |
55.13 |
47.46 |
4.41 |
June 30,
2033 |
89 |
62.89 |
53.96 |
4.41 |
JPMorgan
Liquid Assets Money Market Fund | ||||
|
Morgan
Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June 30,
2024 |
$60 |
5.00% |
4.41% |
4.41% |
June 30,
2025 |
64 |
10.25 |
9.00 |
4.40 |
June 30,
2026 |
67 |
15.76 |
13.80 |
4.40 |
June 30,
2027 |
70 |
21.55 |
18.81 |
4.40 |
June 30,
2028 |
73 |
27.63 |
24.03 |
4.40 |
June 30,
2029 |
76 |
34.01 |
29.49 |
4.40 |
June 30,
2030 |
79 |
40.71 |
35.19 |
4.40 |
June 30,
2031 |
83 |
47.75 |
41.14 |
4.40 |
June 30,
2032 |
87 |
55.13 |
47.35 |
4.40 |
June 30,
2033 |
90 |
62.89 |
53.83 |
4.40 |
JPMorgan
Municipal Money Market Fund | ||||
|
Morgan
Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June 30,
2024 |
$60 |
5.00% |
4.41% |
4.41% |
June 30,
2025 |
66 |
10.25 |
8.98 |
4.38 |
June 30,
2026 |
69 |
15.76 |
13.76 |
4.38 |
June 30,
2027 |
72 |
21.55 |
18.74 |
4.38 |
June 30,
2028 |
75 |
27.63 |
23.94 |
4.38 |
June 30,
2029 |
79 |
34.01 |
29.37 |
4.38 |
June 30,
2030 |
82 |
40.71 |
35.03 |
4.38 |
June 30,
2031 |
86 |
47.75 |
40.95 |
4.38 |
June 30,
2032 |
89 |
55.13 |
47.12 |
4.38 |
June 30,
2033 |
93 |
62.89 |
53.57 |
4.38 |
JPMorgan
Trust I |
811-21295 |
JPMorgan
Trust II |
811-4236 |