JPMorgan
California Municipal Money Market Fund |
Ticker:
JCEXX |
JPMorgan
Liquid Assets Money Market Fund |
Ticker:
JLEXX |
JPMorgan
Municipal Money Market Fund |
Ticker:
JMEXX |
JPMorgan
New York Municipal Money Market Fund |
Ticker:
JNEXX |
JPMorgan
U.S. Government Money Market Fund |
Ticker:
JUSXX |
|
| |
1 | |
7 | |
13 | |
19 | |
25 | |
30 | |
30 | |
37 | |
45 | |
45 | |
46 | |
46 | |
47 |
49 | |
49 | |
51 | |
53 | |
54 | |
54 | |
56 | |
56 | |
56 | |
57 | |
58 | |
60 | |
62 | |
64 |
| |
|
E*TRADE |
Management
Fees |
|
Distribution
(Rule 12b-1) Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses1 |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements2 |
- |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements2 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
E*TRADE
SHARES ($) |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
E*TRADE
SHARES* |
|
|
|
For
E*TRADE Class Shares | |
To
establish an account |
No
minimum levels |
To
add to an account |
No
minimum levels |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
E*TRADE |
Management
Fees |
0.08% |
Distribution
(Rule 12b-1) Fees |
0.60 |
Other
Expenses |
0.37 |
Service
Fees |
0.30 |
Remainder
of Other Expenses1 |
0.07 |
Total
Annual Fund Operating Expenses |
1.05 |
Fee
Waivers and/or Expense Reimbursements2 |
-0.05 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements2 |
1.00 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
E*TRADE
SHARES ($) |
102 |
329 |
575 |
1,278 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
1Q, 2Q, 3Q
and 4Q 2012
1Q, 2Q, 3Q
and 4Q 2013
1Q, 2Q
and |
0.01% |
|
3Q
2014 | |
Worst
Quarter |
4Q
2014
1Q, 2Q, 3Q
and 4Q 2015
1Q, 2Q, 3Q
and 4Q 2016
1Q, 2Q, 3Q
and 4Q 2017
1Q, 2Q, 3Q
and 4Q 2018
1Q, 2Q, 3Q
and 4Q 2019
1Q, 2Q, 3Q
and 4Q 2020
1Q, 2Q, 3Q
and |
0.00% |
|
4Q
2021 |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2021) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
E*TRADE
SHARES* |
0.00% |
0.00% |
0.02% |
For
E*TRADE Class Shares | |
To
establish an account |
No
minimum levels |
To
add to an account |
No
minimum levels |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
E*TRADE |
Management
Fees |
0.08% |
Distribution
(Rule 12b-1) Fees |
0.60 |
Other
Expenses |
0.39 |
Service
Fees |
0.30 |
Remainder
of Other Expenses1 |
0.09 |
Total
Annual Fund Operating Expenses |
1.07 |
Fee
Waivers and/or Expense Reimbursements2 |
-0.07 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements2 |
1.00 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
E*TRADE
SHARES ($) |
102 |
333 |
583 |
1,299 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
4Q
2014 |
0.01% |
|
4Q
2015 | |
Worst
Quarter |
1Q, 2Q, 3Q
and 4Q 2012
1Q, 2Q, 3Q
and 4Q 2013
1Q, 2Q and 3Q
2014
1Q, 2Q and 3Q
2015
1Q, 2Q, 3Q
and 4Q 2016
1Q, 2Q, 3Q
and 4Q 2017
1Q, 2Q, 3Q
and 4Q 2018
1Q, 2Q, 3Q
and 4Q 2019
1Q, 2Q, 3Q
and 4Q 2020
1Q, 2Q, 3Q
and |
0.00% |
|
4Q
2021 |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2021) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
E*TRADE
SHARES* |
0.00% |
0.00% |
0.01% |
For
E*TRADE Class Shares | |
To
establish an account |
No
minimum levels |
To
add to an account |
No
minimum levels |
| |
|
E*TRADE |
Management
Fees |
|
Distribution
(Rule 12b-1) Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses1 |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements2 |
- |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements2 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
E*TRADE
SHARES ($) |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
E*TRADE
SHARES |
|
|
|
For
E*TRADE Class Shares | |
To
establish an account |
No
minimum levels |
To
add to an account |
No
minimum levels |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
E*TRADE |
Management
Fees |
0.08% |
Distribution
(Rule 12b-1) Fees |
0.60 |
Other
Expenses |
0.35 |
Service
Fees |
0.30 |
Remainder
of Other Expenses |
0.05 |
Total
Annual Fund Operating Expenses |
1.03 |
Fee
Waivers and/or Expense Reimbursements1 |
-0.03 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements1 |
1.00 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
E*TRADE
SHARES ($) |
102 |
325 |
566 |
1,257 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
1Q
and |
2Q
2019 |
0.36% |
Worst
Quarter |
1Q, 2Q, 3Q
and 4Q 2012
1Q, 2Q, 3Q
and 4Q 2013
1Q, 2Q, 3Q
and 4Q 2014
1Q, 2Q and 3Q
2015
2Q, 3Q and 4Q
2020
1Q, 2Q, 3Q
and |
0.00% | |
|
4Q
2021 |
The Fund’s
year-to-date total return |
through |
3/31/22 |
was |
0.00% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2021) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
E*TRADE
SHARES |
0.01% |
0.47% |
-0.10% |
For
E*TRADE Class Shares | |
To
establish an account |
No
minimum levels |
To
add to an account |
No
minimum levels |
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 Liquid Assets Money Market Fund,
Municipal Money Market Fund and U.S.
Government
Money Market Fund is fundamental. The investment objective for each of the
California Municipal Money Market Fund
and
New York Municipal Money Market Fund is non-fundamental and may be changed
without the consent of a majority of the
outstanding
shares of that Fund. |
|
California
Municipal Money Market Fund |
Liquid
Assets Money Market Fund |
Municipal
Money Market Fund |
New
York Municipal Money Market Fund |
U.S.
Government 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 |
• |
• |
• |
• |
• |
Interfund
Lending Risk |
|
• |
|
|
• |
Japan
Risk |
|
○ |
|
|
|
LIBOR
Discontinuance or Unavailability Risk |
• |
• |
• |
• |
•
|
|
California
Municipal Money Market Fund |
Liquid
Assets Money Market Fund |
Municipal
Money Market Fund |
New York
Municipal Money Market Fund |
U.S.
Government Money Market Fund |
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 |
|
|
|
• |
|
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 Transactions
Risk |
|
• |
|
|
• |
U.S.
Government Money Market Fund |
0.03% |
California
Municipal Money Market Fund |
0.01 |
Liquid
Assets Money Market Fund |
0.07 |
Municipal
Money Market Fund |
0.05 |
New
York Municipal Money Market Fund |
0.04 |
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)
(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 |
|
|
|
|
|
|
|
E*Trade |
|
|
|
|
|
|
|
Year
Ended February 28, 2022 |
$1.00 |
$—
(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) |
— |
(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) |
|
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 |
0.01% |
$387,687 |
0.06%(d) |
0.01% |
1.03% |
1.00 |
0.03 |
404,756 |
0.25(d) |
0.02 |
1.03 |
1.00 |
1.12 |
298,348 |
1.00 |
1.10 |
1.05 |
1.00 |
1.07 |
274,993 |
1.00 |
1.04 |
1.06 |
1.00 |
0.13 |
291,828 |
0.97
(d) |
0.17 |
1.06 |
|
|
|
|
|
Class |
Net
Expense Ratio |
Gross
Expense Ratio |
JPMorgan
U.S. Government Money Market Fund |
E*Trade |
1.00% |
1.03% |
JPMorgan
Liquid Assets Money Market Fund |
E*Trade |
1.00% |
1.05% |
JPMorgan
Municipal Money Market Fund |
E*Trade |
1.00% |
1.07% |
JPMorgan
U.S. Government Money Market Fund | ||||
|
E*TRADE
Class Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June 30,
2023 |
$102 |
5.00% |
4.00% |
4.00% |
June 30,
2024 |
109 |
10.25 |
8.13 |
3.97 |
June 30,
2025 |
114 |
15.76 |
12.42 |
3.97 |
June 30,
2026 |
118 |
21.55 |
16.88 |
3.97 |
June 30,
2027 |
123 |
27.63 |
21.52 |
3.97 |
June 30,
2028 |
128 |
34.01 |
26.35 |
3.97 |
June 30,
2029 |
133 |
40.71 |
31.37 |
3.97 |
June 30,
2030 |
138 |
47.75 |
36.58 |
3.97 |
June 30,
2031 |
143 |
55.13 |
42.00 |
3.97 |
June 30,
2032 |
149 |
62.89 |
47.64 |
3.97 |
JPMorgan
Liquid Assets Money Market Fund | ||||
|
E*TRADE
Class Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June 30,
2023 |
$102 |
5.00% |
4.00% |
4.00% |
June 30,
2024 |
111 |
10.25 |
8.11 |
3.95 |
June 30,
2025 |
116 |
15.76 |
12.38 |
3.95 |
June 30,
2026 |
120 |
21.55 |
16.82 |
3.95 |
June 30,
2027 |
125 |
27.63 |
21.43 |
3.95 |
June 30,
2028 |
130 |
34.01 |
26.23 |
3.95 |
June 30,
2029 |
135 |
40.71 |
31.21 |
3.95 |
June 30,
2030 |
140 |
47.75 |
36.40 |
3.95 |
June 30,
2031 |
146 |
55.13 |
41.78 |
3.95 |
June 30,
2032 |
152 |
62.89 |
47.39 |
3.95 |
JPMorgan
Municipal Money Market Fund | ||||
|
E*TRADE
Class Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June 30,
2023 |
$102 |
5.00% |
4.00% |
4.00% |
June 30,
2024 |
113 |
10.25 |
8.09 |
3.93 |
June 30,
2025 |
118 |
15.76 |
12.34 |
3.93 |
June 30,
2026 |
123 |
21.55 |
16.75 |
3.93 |
June 30,
2027 |
127 |
27.63 |
21.34 |
3.93 |
June 30,
2028 |
132 |
34.01 |
26.11 |
3.93 |
June 30,
2029 |
138 |
40.71 |
31.06 |
3.93 |
June 30,
2030 |
143 |
47.75 |
36.21 |
3.93 |
June 30,
2031 |
149 |
55.13 |
41.57 |
3.93 |
June 30,
2032 |
154 |
62.89 |
47.13 |
3.93 |
JPMorgan
Trust I |
811-21295 |
JPMorgan
Trust II |
811-4236 |