| |||||
|
Class
R2 |
Class
R3 |
Class
R4 |
Class
R5 |
Class
R6 |
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 |
CLASS
R2 SHARES ($) |
|
|
|
|
CLASS
R3 SHARES ($) |
|
|
|
|
CLASS
R4 SHARES ($) |
|
|
|
|
CLASS
R5 SHARES ($) |
|
|
|
|
CLASS
R6 SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
CLASS
R2 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
Return After
Taxes on Distributions |
|
|
|
Return After
Taxes on Distributions and
Sale of Fund
Shares |
|
|
|
CLASS
R3 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R4 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R5 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R6 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
RUSSELL
2000 VALUE INDEX
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
|
|
|
Portfolio
Manager |
Managed
Fund
Since |
Primary
Title with
Investment
Sub-Adviser |
David
M. Potter, CFA |
2005 |
Lead
Portfolio Manager
and
Partner |
Ryam
S. Lee, CFA |
2019 |
Analyst |
For
Class R6 Shares |
|
To
establish an account |
$5,000,000
for Discretionary Accounts
$5,000,000
for Institutional Investors
$15,000,000
for Other Investors |
To
add to an account |
No
minimum levels |
NON-FUNDAMENTAL
INVESTMENT OBJECTIVE |
An
investment objective is fundamental if it cannot be changed without the
consent of a majority of the outstanding shares of the
Fund.
The Fund’s investment objective is non-fundamental and may be changed
without the consent of a majority of the outstanding
shares
of the Fund. |
|
Undiscovered
Managers
Behavioral
Value
Fund |
Behavioral
Strategy Risk |
• |
Convertible
Securities Risk |
○ |
Cyber
Security Risk |
○ |
Derivatives
Risk |
○ |
Equity
Market Risk |
• |
General
Market Risk |
• |
Industry
and Sector Focus Risk |
• |
Investment
Company and ETF Risk |
○ |
Preferred
Securities Risk |
○ |
Real Estate
Securities Risk |
• |
Securities
Lending Risk |
○ |
Smaller
Company Risk |
• |
Transactions
and Liquidity Risk |
• |
Value
Investing Risk |
• |
Volcker
Rule Risk |
○ |
WHAT
IS A DERIVATIVE? |
Derivatives
are securities or contracts (like futures and options) that derive their
value from the performance of underlying assets or
securities. |
WHAT
IS A CASH EQUIVALENT? |
Cash
equivalents are highly liquid, high-quality instruments with maturities of
three months or less on the date they are purchased.
They
include securities issued by the U.S. government, its agencies and
instrumentalities, repurchase agreements, certificates of
deposit,
bankers’ acceptances, commercial paper, money market mutual funds and bank
deposit accounts. |
|
Class
R2 |
Class
R3 |
Class
R4 |
Class
R5 |
Class
R6 |
Eligibility1,2
|
May
be purchased
by
Group
Retirement
Plans.2
|
May
be purchased
by
Group
Retirement
Plans.2
|
May
be purchased
by
Group
Retirement
Plans.2
|
May
be purchased
by
•Group
Retirement
Plans,2
•Section
529
college
savings
plans,
•Current
and
future
JPMorgan
SmartRetirement
and
JPMorgan
SmartRetirement
Blend
Funds, and
•Such
other J.P.
Morgan
Funds of
Funds
as are
designated
by the
J.P.
Morgan Funds
Board
of Trustees |
May
be purchased
by
•Group
Retirement
Plans,2
•Section
529
college
savings
plans
•J.P.
Morgan Funds
of
Funds (to the
extent
permitted
by
a Fund’s
investment
strategies)
•Mutual
Funds,
ETFs,
and other
registered
investment
companies
not
affiliated
with
JPMIM
•Investors
through
a
fee-based
advisory
program
of
a financial
intermediary
that
has
entered into a
written
agreement
with
the
Distributor to
offer
such shares
through
an
omnibus
account
held
at the Fund
•Certain
discretionary
accounts
at
JPMIM
or
JPMorgan
Chase
Bank
NA or their
affiliates
(the
Investment
Manager)
as
defined
below
•Institutional
Investors,
as
described
below
•Other
Investors,
as
described
below
|
|
Class
R2 |
Class
R3 |
Class
R4 |
Class
R5 |
Class
R6 |
Minimum
Investment2,3
|
No
minimum |
No
minimum |
No
minimum |
No
minimum |
$5,000,000
–
Discretionary
Accounts
$5,000,000
–
Institutional
Investors
$15,000,000
–
Other
Investors
There
is no
minimum
for other
Class
R6 eligible
investors
as
described
in
“Eligibility”,
above. |
Minimum
Subsequent
Investments |
No
minimum |
No
minimum |
No
minimum |
No
minimum |
No
minimum |
Distribution
(12b-
1)
Fee |
0.50%
of the
average
daily net
assets. |
0.25%
of the
average
daily net
assets. |
None |
None |
None |
Service
Fee |
0.25%
of the
average
daily net
assets. |
0.25%
of the
average
daily net
assets. |
0.25%
of the
average
daily net
assets. |
0.10%
of the
average
daily net
assets. |
None |
Redemption
Fee |
None |
None |
None |
None |
None |
Class |
Rule
12b-1 Fee |
Class
R2 |
0.50% |
Class
R3 |
0.25% |
Class
R4 |
None |
Class
R5 |
None |
Class
R6 |
None |
Class |
Service
Fee |
Class
R2 |
0.25% |
Class
R3 |
0.25% |
Class
R4 |
0.25% |
Class
R5 |
0.10% |
Class
R6 |
None |
HOW
TO PURCHASE DIRECTLY WITH THE J.P. MORGAN FUNDS | ||
|
Opening
a New Account |
Purchasing
into an Existing Account |
By
Phone or Online
1-800-480-4111
Shareholder
Services representatives
are
available Monday through Friday
from 8:00
am to 6:00 pm ET.
www.jpmorganfunds.com
Note:
Certain account types are not
available
for online account access.
Please call
for additional information. |
A new
account may not be opened by
phone or
online.
A new fund
position can be added to an
existing
account by phone or online if
you have
bank information on file. The
minimum
initial investment
requirement
must be met. |
You must
already have bank
information
on file. If we do not have
bank
information on file, you must
submit
written instructions. Please call
for
instructions on how to add bank
information
to your account. |
By
Mail
Regular
mailing address:
J.P. Morgan
Funds Services
P.O. Box
219143
Kansas
City, MO 64121-9143
Overnight
mailing address:
J.P. Morgan
Funds Services
430 W
7th Street,
Suite 219143
Kansas
City, MO 64105-1407 |
Mail the
completed and signed
application
with a check to our Regular
or
Overnight mailing address.
Refer to
the Additional Information
Regarding
Purchases section. |
Please mail
your check and include
your name,
the Fund name, and your
fund
account number. |
All checks
must be made payable to one of the following:
•J.P.
Morgan Funds; or
•The
specific Fund in which you are investing.
Please
include your existing account number, if applicable.
All checks
must be in U.S. dollars. The J.P. Morgan Funds do not accept credit cards,
cash,
starter checks, money orders or credit card checks. The Funds and/or the
Distributor
reserve the right to refuse “third-party” checks and checks drawn on
non-
U.S.
financial institutions even if payment may be effected through a U.S.
financial
institution.
Checks made payable to any individual or company and endorsed to J.P.
Morgan
Funds or the Fund are considered third-party
checks. | ||
By
Wire1
1-800-480-4111
Wire
Instructions:
DST Asset
Manager Solutions, Inc.
2000 Crown
Colony Drive
Quincy, MA
02169
Attn: J.P.
Morgan Funds Services
ABA: 021
000 021
DDA: 323
125 832
FBO:
Fund
Name
Fund:
Fund #
Account:
Your Account
#
and
Your
Account Registration |
Purchase by
Wire: If you choose to pay
by wire,
please call to notify the Fund
of your
purchase. You must also initiate
the wire
with your financial institution. |
Purchase by
Wire: If you choose to pay
by wire,
please call to notify the Fund
of your
purchase. You must also initiate
the wire
with your financial
institution. |
EXCHANGE
PRIVILEGES |
Class
R2 Shares of the Fund may be exchanged for: |
•Class
R2 Shares of another J.P. Morgan Fund, |
•Another
share class of the same Fund if you are eligible to purchase that
class. |
Class
R3 Shares of the Fund may be exchanged for: |
•Class
R3 Shares of another J.P. Morgan Fund, |
•Another
share class of the same Fund if you are eligible to purchase that
class. |
Class
R4 Shares of the Fund may be exchanged for: |
•Class
R4 Shares of another J.P. Morgan Fund, |
•Another
share class of the same Fund if you are eligible to purchase that
class. |
Class
R5 Shares of the Fund may be exchanged for: |
•Class
R5 Shares of another J.P. Morgan Fund, |
•Another
share class of the same Fund if you are eligible to purchase that
class. |
Class
R6 Shares of the Fund may be exchanged for: |
•Class
R6 Shares of another J.P. Morgan Fund, |
•Another
share class of the same Fund if you are eligible to purchase that
class. |
HOW
TO REDEEM | |
By
Phone or Online
Note:
Certain account
types
are not available
for
online account access.
Please
call for additional
information. |
Call
us at 1-800-480-4111
Shareholder
Services representatives are available Monday through Friday from 8:00 am
to 6:00 pm ET.
www.jpmorganfunds.com |
By
Mail |
Regular
mailing address:
J.P. Morgan
Funds Services
P.O. Box
219143
Kansas
City, MO 64121-9143
Overnight
mailing address:
J.P. Morgan
Funds Services
430 W
7th Street,
Suite 219143
Kansas
City, MO 64105-1407 |
|
|
Per share
operating performance | |||||
|
|
Investment
operations |
Distributions | ||||
|
Net asset
value,
beginning
of period |
Net
investment
income
(loss)(b) |
Net realized
and unrealized
gains
(losses) on
investments |
Total from
investment
operations |
Net
investment
income |
Net
realized
gain |
Total
distributions |
Undiscovered
Managers Behavioral Value Fund |
|
|
|
|
|
|
|
Class
R2 |
|
|
|
|
|
|
|
Year
Ended June 30, 2022 |
$78.78 |
$0.32 |
$(3.23) |
$(2.91) |
$(0.30) |
$(2.04) |
$(2.34) |
Year
Ended June 30, 2021 |
43.14 |
0.29 |
35.61 |
35.90 |
(0.26) |
— |
(0.26) |
Year
Ended June 30, 2020 |
59.98 |
0.37 |
(14.41) |
(14.04) |
(0.12) |
(2.68) |
(2.80) |
September
1, 2018 through June 30, 2019 (f) |
73.28 |
0.37 |
(7.83) |
(7.46) |
(0.45) |
(5.39) |
(5.84) |
Year
Ended August 31, 2018 |
63.05 |
0.42 |
12.65 |
13.07 |
(0.34) |
(2.50) |
(2.84) |
Year
Ended August 31, 2017 |
59.78 |
0.17 |
4.90 |
5.07 |
(0.35) |
(1.45) |
(1.80) |
Class
R3 |
|
|
|
|
|
|
|
Year
Ended June 30, 2022 |
78.96 |
0.50 |
(3.22) |
(2.72) |
(0.54) |
(2.04) |
(2.58) |
Year
Ended June 30, 2021 |
43.23 |
0.48 |
35.65 |
36.13 |
(0.40) |
— |
(0.40) |
Year
Ended June 30, 2020 |
60.14 |
0.51 |
(14.42) |
(13.91) |
(0.32) |
(2.68) |
(3.00) |
September
1, 2018 through June 30, 2019 (f) |
73.69 |
0.44 |
(7.86) |
(7.42) |
(0.74) |
(5.39) |
(6.13) |
Year
Ended August 31, 2018 |
63.57 |
0.47 |
12.86 |
13.33 |
(0.71) |
(2.50) |
(3.21) |
March
1, 2017 (g) through August 31, 2017 |
64.80 |
0.13 |
(1.36) |
(1.23) |
— |
— |
— |
Class
R4 |
|
|
|
|
|
|
|
Year
Ended June 30, 2022 |
81.55 |
0.81 |
(3.42) |
(2.61) |
(0.72) |
(2.04) |
(2.76) |
Year
Ended June 30, 2021 |
44.58 |
0.67 |
36.77 |
37.44 |
(0.47) |
— |
(0.47) |
Year
Ended June 30, 2020 |
61.89 |
0.67 |
(14.86) |
(14.19) |
(0.44) |
(2.68) |
(3.12) |
September
1, 2018 through June 30, 2019 (f) |
75.50 |
0.63 |
(8.09) |
(7.46) |
(0.76) |
(5.39) |
(6.15) |
Year
Ended August 31, 2018 |
64.94 |
0.76 |
13.06 |
13.82 |
(0.76) |
(2.50) |
(3.26) |
March
1, 2017 (g) through August 31, 2017 |
66.12 |
0.15 |
(1.33) |
(1.18) |
— |
— |
— |
Class
R5 |
|
|
|
|
|
|
|
Year
Ended June 30, 2022 |
82.04 |
0.87 |
(3.39) |
(2.52) |
(0.83) |
(2.04) |
(2.87) |
Year
Ended June 30, 2021 |
44.86 |
0.78 |
36.99 |
37.77 |
(0.59) |
— |
(0.59) |
Year
Ended June 30, 2020 |
62.20 |
0.77 |
(14.95) |
(14.18) |
(0.48) |
(2.68) |
(3.16) |
September
1, 2018 through June 30, 2019 (f) |
75.88 |
0.61 |
(8.04) |
(7.43) |
(0.86) |
(5.39) |
(6.25) |
Year
Ended August 31, 2018 |
65.17 |
0.72 |
13.26 |
13.98 |
(0.77) |
(2.50) |
(3.27) |
March
1, 2017 (g) through August 31, 2017 |
66.30 |
0.29 |
(1.42) |
(1.13) |
— |
— |
— |
Class
R6 |
|
|
|
|
|
|
|
Year
Ended June 30, 2022 |
82.27 |
0.95 |
(3.40) |
(2.45) |
(0.91) |
(2.04) |
(2.95) |
Year
Ended June 30, 2021 |
44.97 |
0.84 |
37.10 |
37.94 |
(0.64) |
— |
(0.64) |
Year
Ended June 30, 2020 |
62.36 |
0.80 |
(14.95) |
(14.15) |
(0.56) |
(2.68) |
(3.24) |
September
1, 2018 through June 30, 2019 (f) |
76.05 |
0.74 |
(8.14) |
(7.40) |
(0.90) |
(5.39) |
(6.29) |
Year
Ended August 31, 2018 |
65.29 |
0.94 |
13.15 |
14.09 |
(0.83) |
(2.50) |
(3.33) |
Year
Ended August 31, 2017 |
61.70 |
0.66 |
5.07 |
5.73 |
(0.69) |
(1.45) |
(2.14) |
|
Ratios/Supplemental
data | |||||
|
|
|
Ratios to
average net assets(a) |
| ||
Net asset
value,
end of
period |
Total return
(c)(d) |
Net assets,
end of
period
(000’s) |
Net
expenses (e) |
Net
investment
income
(loss) |
Expenses without
waivers and
reimbursements |
Portfolio
turnover
rate(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$73.53 |
(3.83)% |
$12,917 |
1.55% |
0.40% |
1.62% |
37% |
78.78 |
83.41 |
13,172 |
1.54 |
0.49 |
1.61 |
30 |
43.14 |
(24.68) |
13,640 |
1.55 |
0.71 |
1.62 |
44 |
59.98 |
(9.59) |
18,078 |
1.55 |
0.72 |
1.63 |
35 |
73.28 |
21.16 |
20,684 |
1.54 |
0.61 |
1.63 |
29 |
63.05 |
8.47 |
17,759 |
1.53 |
0.27 |
2.05 |
24 |
|
|
|
|
|
|
|
73.66 |
(3.59) |
5,977 |
1.30 |
0.63 |
1.35 |
37 |
78.96 |
83.86 |
6,122 |
1.29 |
0.78 |
1.35 |
30 |
43.23 |
(24.48) |
4,254 |
1.30 |
0.99 |
1.36 |
44 |
60.14 |
(9.41) |
3,935 |
1.29 |
0.88 |
1.36 |
35 |
73.69 |
21.45 |
1,784 |
1.30 |
0.67 |
1.38 |
29 |
63.57 |
(1.90) |
133 |
1.29 |
0.40 |
1.66 |
24 |
|
|
|
|
|
|
|
76.18 |
(3.34) |
6,205 |
1.05 |
0.99 |
1.12 |
37 |
81.55 |
84.31 |
2,690 |
1.05 |
1.02 |
1.11 |
30 |
44.58 |
(24.29) |
1,584 |
1.05 |
1.20 |
1.11 |
44 |
61.89 |
(9.22) |
2,827 |
1.05 |
1.20 |
1.11 |
35 |
75.50 |
21.76 |
2,461 |
1.05 |
1.08 |
1.10 |
29 |
64.94 |
(1.78) |
1,586 |
1.04 |
0.47 |
1.42 |
24 |
|
|
|
|
|
|
|
76.65 |
(3.20) |
17,819 |
0.90 |
1.05 |
0.95 |
37 |
82.04 |
84.60 |
19,235 |
0.90 |
1.20 |
0.95 |
30 |
44.86 |
(24.18) |
9,215 |
0.90 |
1.40 |
0.96 |
44 |
62.20 |
(9.11) |
14,636 |
0.89 |
1.18 |
0.95 |
35 |
75.88 |
21.95 |
4,521 |
0.90 |
1.00 |
1.02 |
29 |
65.17 |
(1.70) |
821 |
0.89 |
0.88 |
1.26 |
24 |
|
|
|
|
|
|
|
76.87 |
(3.11) |
2,248,260 |
0.80 |
1.14 |
0.85 |
37 |
82.27 |
84.79 |
2,142,164 |
0.80 |
1.29 |
0.84 |
30 |
44.97 |
(24.10) |
877,755 |
0.80 |
1.47 |
0.85 |
44 |
62.36 |
(9.04) |
993,739 |
0.80 |
1.41 |
0.85 |
35 |
76.05 |
22.08 |
727,352 |
0.80 |
1.33 |
0.85 |
29 |
65.29 |
9.29 |
464,750 |
0.78 |
1.01 |
1.16 |
24 |