* | Closed to new investors. |
1 | “S&P 1000 Index,” is a registered service marks of Standard & Poor’s Corporation, which does not sponsor and is in no way affiliated with the Fund. The S&P 1000 Index is a market capitalization weighted combination of the Standard & Poor’s SmallCap 600 and the Standard & Poor’s MidCap 400 Indexes. |
• | preferred stock |
• | convertible securities |
• | trust or partnership interests |
• | warrants and rights to buy common stock |
• | equity securities purchased in initial public offerings |
• | master limited partnerships. |
• | real estate investment trusts (REITs) which are pooled vehicles which invest primarily in income-producing real estate or loans related to real estate |
• | derivatives, including futures contracts, options and swaps. In connection with its main investment strategies, a Fund may use futures to more effectively gain targeted equity exposure from its cash position. Each Fund is also permitted to use derivatives such as futures, options and swaps in order to hedge various investments, for risk management and to opportunistically enhance the Fund’s returns. Under certain market conditions, a Fund’s use of derivatives for cash management or other investment management purposes could be significant. |
• | other investment companies |
• | exchange-traded funds (ETFs) |
• | affiliated money market funds |
• | foreign securities, often in the form of depositary receipts |
• | securities lending. |
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 objectives for Market Expansion Enhanced Index Fund, Mid Cap Growth Fund, Small Cap Blend Fund, Small Cap Growth Fund, Small Cap Value Fund and SMID Cap Equity Fund are fundamental. The investment objectives for the remaining Funds can be changed without the consent of a majority of the outstanding shares of that Fund. |
1 | “S&P 1000 Index,” “S&P SmallCap 600” and “S&P MidCap 400” are registered service marks of Standard & Poor’s Corporation, which does not sponsor and is in no way affiliated with the Fund. |
Growth Advantage Fund
|
Market Expansion Enhanced
Index Fund |
Mid Cap Equity Fund
|
Mid Cap Growth Fund
|
Mid Cap Value Fund
|
Small Cap Blend Fund
|
Small Cap Core Fund
|
Small Cap Equity Fund
|
Small Cap Growth Fund
|
Small Cap Value Fund
|
SMID Cap Equity Fund
|
U.S. Small Company Fund
|
Value Advantage Fund
| |
Convertible Securities Risk | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ |
Covered Call Option Risk | ○ | ||||||||||||
Derivatives Risk |
• |
• | • | • | • | • | • | • | • | • | • | • | • |
Equity Market Risk | • | • | • | • | • | • | • | • | • | • | • | • | • |
Exchange-Traded Fund (ETF) and Other Investment Company Risk | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ |
Foreign Securities and Emerging Markets Risks | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ |
General Market Risk | • | • | • | • | • | • | • | • | • | • | • | • | • |
Growth Investing Risk | • | • | • | ||||||||||
Index Investing Risk | • | ||||||||||||
Industry and Sector Focus Risk | • | • | • | • | • | • | • | • | • | • | • | • | • |
Initial Public Offering (IPO) Risk | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ |
Large Cap Company Risk | • | • | |||||||||||
Master Limited Partnerships (MLPs) Risk | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ||||
Preferred Stock Risk | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ||||
Prepayment Risk | ○ | ○ | ○ | ||||||||||
Real Estate Securities Risk | • | • | ○ | • | • | • | • | • | • | • | |||
Securities Lending Risk | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | |||
Short Selling Risk | ○ | ○ | ○ | ||||||||||
Smaller and/or Mid-Sized Company Risk | • | • | • | • | • | • | • | • | • | • | • | • | • |
Strategy Risk | • | • | |||||||||||
Transactions and Liquidity Risk | • | • | • | • | • | • | • | • | • | • | • | • | • |
Value Investing Risk | • | • | • | ||||||||||
Volcker Rule Risk | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ | ○ |
• | Main Risks |
○ | Additional Risks |
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. |
JPMorgan Growth Advantage
Fund |
0.55 % |
JPMorgan Market Expansion
Enhanced Index Fund |
0.18 |
JPMorgan Mid Cap Equity
Fund |
0.58 |
JPMorgan Mid Cap Growth
Fund |
0.64 |
JPMorgan Mid Cap Value
Fund |
0.65 |
JPMorgan Small Cap Blend
Fund |
0.61 |
JPMorgan Small Cap Core
Fund |
0.61 |
JPMorgan Small Cap Equity
Fund |
0.64 |
JPMorgan Small Cap Growth
Fund |
0.64 |
JPMorgan Small Cap Value
Fund |
0.64 |
JPMorgan SMID Cap Equity
Fund |
0.52 |
JPMorgan U.S. Small
Company Fund |
0.60 |
JPMorgan Value Advantage
Fund |
0.55 |
• | The amount you plan to invest; |
• | The length of time you expect to hold your investment; |
• | The total costs associated with your investment, including any sales charges that you pay when you buy or sell your Fund shares and expenses that are paid out of Fund assets over time; |
• | Whether you qualify for any reduction or waiver of sales charges; |
• | Whether you plan to take any distributions in the near future; |
• | The availability of the share class; |
• | The services that will be available to you; |
• | The amount of compensation that your Financial Intermediary will receive; and |
• | The advantages and disadvantages of each share class. |
Class A |
Class C |
Class I |
Class L | |
Eligibility
1,2,3 |
May
be purchased by the general public
4 |
May
be purchased by the general public
5 |
May
be purchased by: •
Institutional
Investors who meet the minimum investment requirements;•
Individuals
purchasing directly from the Fund through JPMorgan Distribution Services,
Inc. (the “Distributor”) and meeting the investment minimum requirements;
•
Financial
Intermediaries or any other organization, including affiliates of JPMorgan
Chase & Co. (JPMorgan Chase), authorized to act in a fiduciary,
advisory or custodial capacity for its clients or customers;•
Brokerage
program of a Financial Intermediary that has entered into a written
agreement with the Distributor to offer such shares (“Eligible Brokerage
Program”); and•
Employees
of JPMorgan Chase and its affiliates and officers or trustees of the J.P.
Morgan Funds.
6 |
Limited
to certain investors, including:
11 •
Purchases
directly from the Fund through the Distributor by institutional investors
such as corporations, pension and profit sharing plans and foundations
that meet the minimum investment requirements; and•
Purchases
through your Financial Intermediary or any other organization, including
affiliates of JPMorgan Chase authorized to act in a fiduciary, advisory or
custodial capacity for its clients or customers. |
Class A |
Class C |
Class I |
Class L | |
Minimum Investment
1,
7,
8 |
$1,000
for each Fund or $50, if establishing a monthly $50 Systematic Investment
Plan
9 |
$1,000
for each Fund or $50, if establishing a monthly $50 Systematic Investment
Plan
9 |
$1,000,000
– An investor can combine purchases of Class I Shares of other J.P. Morgan
Funds in order to meet the minimum. $1,000 for each Fund or $50, if establishing a monthly $50 Systematic Investment Plan for investments through an Eligible Brokerage Program. $1,000 for each Fund or $50 if establishing a monthly $50 Systematic Investment Plan 9 for
investments by employees of JPMorgan Chase and its affiliates and officers
or trustees of the J.P. Morgan Funds.
6 |
$3,000,000 – An investor can combine purchases of Class L Shares of other J.P. Morgan Funds in order to meet the minimum. |
Minimum Subsequent
Investments
1 |
$50
10 |
$50
10 |
No minimum except $50 for investments by employees of JPMorgan Chase and its affiliates and officers or trustees of the J.P. Morgan Funds and investments through an Eligible Brokerage Program. | No minimum |
Systematic Investment Plan
|
Yes | Yes | No, except for investments by employees of JPMorgan Chase and its affiliates and officers or trustees of the J.P. Morgan Funds and investments through an Eligible Brokerage Program. | No |
Systematic Redemption Plan
|
Yes | Yes | No, except for investments by employees of JPMorgan Chase and its affiliates and officers or trustees of the J.P. Morgan Funds. | No |
Class A |
Class C |
Class I |
Class L | |
Front-End Sales Charge (refer
to Sales Charges and Financial Intermediary Compensation Section for more
details) |
Up to 5.25% reduced or waived for large purchases and certain investors, eliminated for purchases of $1 million or more. | None | None | None |
Contingent Deferred Sales
Charge (CDSC) (refer
to Sales Charges and Financial Intermediary Compensation Section for more
details) |
On
purchases of $1 million or more: •
1.00%
on redemptions made within 12 months after purchase.•
0.50%
on redemptions made between 12 and 18 months after purchase.Waived under certain circumstances. |
•
1.00%
on redemptions made within 12 months after purchase. Waived under certain circumstances. |
None | None |
Distribution (12b-1) Fee
|
0.25% of the average daily net assets. | 0.75% of the average daily net assets. | 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. |
Redemption Fee |
None | None | None | None |
Conversion Feature
12 |
None | Class
C Shares will be converted to Class A Shares in the following
instances: •
If
an investor is eligible to purchase Class A Shares, then their Class C
Share positions will convert to Class A Shares after 8 years, calculated
from the first day of the month of purchase and processed on the tenth
business day of the anniversary month.•
If
Class C Shares held in an account with a third party broker of record are
transferred to an account with the Distributor, those Class C Shares will
be converted to Class A Shares on the tenth business day of the month
following the transfer. |
None | None |
Class A |
Class C |
Class I |
Class L | |
Advantages |
If you are eligible to have the sales charge reduced or eliminated or you have a long-term investment horizon, these shares have lower distribution fees over a longer term investment horizon than Class C Shares. | No front-end sales charge is assessed so you own more shares initially. These shares may make sense for investors who have a shorter investment horizon relative to Class A Shares. | No front-end sales charge or CDSC is assessed so you own more shares initially. In addition, Class I Shares have lower fees than Class A and Class C Shares. | No front-end sales charge or CDSC is assessed so you own more shares initially. In addition, Class L Shares have the lowest fee structure of the shares offered in this prospectus. |
Disadvantages |
A front-end sales charge is generally assessed, diminishing the number of shares owned. If you are eligible to have the sales charge reduced or eliminated, you may be subject to a CDSC. Class A Shares may not make sense for investors who have a shorter investment horizon relative to Class C Shares. | Shares are subject to CDSC and have higher ongoing distribution fees. This means that over the long term Class C Shares accrue higher fees than Class A Shares. | Limited availability and higher minimum initial investment than Class A and Class C Shares. | Limited availability and higher minimum initial investment than Class A, Class C and Class I Shares. Not all Funds have Class L Shares. |
1 |
Financial Intermediaries or other organizations making the Funds available to their clients or customers may impose minimums which may be different from the requirements for investors purchasing directly from the Fund. |
2 |
Certain Retirement Plans may purchase Shares. For more information, see “ELIGIBLE RETIREMENT PLANS” below. |
3 |
Certain Funds and/or classes are subject to limited offering. Please see the FUNDS SUBJECT TO A LIMITED OFFERING section for more information about applicable limited offerings. |
4 |
Effective November 2, 2020, employees of JPMorgan Chase and its affiliates and officers or trustees of the J.P. Morgan Funds are no longer eligible to purchase Class A Shares in accounts where the Distributor is broker of record. Employees for this purpose include officers, directors, trustees, retirees and employees and their immediate family members (i.e., spouses, domestic partners, children, grandchildren, parents, grandparents and any dependent of the person, as defined in section 152 of the Internal Revenue Code) of J.P. Morgan Funds or JPMorgan Chase and its subsidiaries and affiliates. |
5 |
Investors who hold shares in accounts where the Distributor is broker of record are no longer eligible to purchase Class C Shares. In addition, shareholders are ineligible to hold Class C Shares if they are eligible for conversion to Class A Shares. |
6 |
Must be purchased directly from the Funds or on approved JPMorgan Chase & Co. affiliated platforms. Employees for this purpose include officers, directors, trustees, retirees and employees and their immediate family members (i.e., spouses, domestic partners, children, grandchildren, parents, grandparents and any dependent of the person, as defined in section 152 of the Internal Revenue Code) of J.P. Morgan Funds or JPMorgan Chase and its subsidiaries and affiliates. Approved affiliated platforms may impose minimums which may be different from the requirements for investors purchasing directly from the Fund. |
7 |
Investment minimums may be waived for certain types of Group Retirement Plans, as well as for certain fee-based programs. The Funds and/or the Distributor reserve the right to waive any initial or subsequent investment minimum. |
8 |
Please see “MINIMUM ACCOUNT BALANCE” for more information about minimum balance requirements. |
9 |
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. |
10 |
Minimum subsequent investment amount for Systematic Investment Plans established before 3/1/15 is $25. |
11 |
The Class L Shares are publicly offered on a limited basis. Please see “Limited Offering of the Class L Shares” for more information. |
12 |
Please see “Class C Shares Conversion Feature” for more information about the conversion feature. |
• | Employer sponsored retirement, deferred compensation, employee benefit plans (including health savings accounts) and trusts used to fund those plans held directly at a broker dealer or financial intermediary (that is outside of retirement plan record |
keeping or third party administrator platform). Employer sponsored plans include 401(k) plans, 457 plans, 403(b) plans, profit-sharing and money purchase pension plans, defined benefit plans, retiree health benefit plans, group annuity separate accounts offered to retirement plans, and non-qualified deferred compensation plans. Purchases may be subject to applicable sales charges as described in this prospectus. | |
• | Group Retirement Plans (and their successor, related, and affiliated plans) which have these share classes available to participants on or before 4/3/2017, may continue to open accounts for new participants in such share classes of the Fund and purchase additional shares in existing participant accounts. |
• | Group Retirement Plans (or financial intermediary platforms available to Group Retirement Plans) that were approved by a Fund and the Distributor after 4/3/2017 and before 12/31/18 because the particular Group Retirement Plan had operational difficulties in implementing the eligibility restrictions may continue to purchase Class A, Class C, Class I or Class L Shares of the Funds. |
• | Select Financial Intermediaries, which have received written approval from a Fund on behalf of existing Group Retirement Plan Participants that hold Class C shares, may purchase Class A shares. |
Class A Shares Amount
of Investment (All Funds) |
Sales Charge as a % of Offering Price |
Sales Charge as a % of your Investment 1 |
Commission as a % of Offering Price 2 |
CDSC |
Less than $50,000 | 5.25 | 5.54 | 4.75 | 0.00 |
$50,000 to $99,999 | 4.50 | 4.71 | 4.05 | 0.00 |
$100,000 to $249,999 | 3.50 | 3.63 | 3.05 | 0.00 |
$250,000 to $499,999 | 2.50 | 2.56 | 2.05 | 0.00 |
$500,000 to $999,999 | 2.00 | 2.04 | 1.60 | 0.00 |
Amount of Investment |
Sales Charge as a % of Offering Price |
Sales Charge as a % of your Investment |
Finder’s Fee as a % of your Investment 3 |
CDSC as a % of your Redemption 3,4 |
For All Funds except
Market Expansion Enhanced Index Fund | ||||
$1,000,000 to $3,999,999 | 0.00 | 0.00 | 1.00 | 0-12 months — 1.00% 12-18 months — 0.50% |
$4,000,000 to $9,999,999 | 0.00 | 0.00 | 0.75 | |
$10,000,000 to $49,999,999 | 0.00 | 0.00 | 0.50 | |
$50,000,000 or more | 0.00 | 0.00 | 0.25 | |
For Market Expansion
Enhanced Index Fund | ||||
$1,000,000 or more | 0.00 | 0.00 | 0.25 | 0-12 months — 0.25% |
1 |
The actual sales charge you pay may differ slightly from the rates disclosed above due to rounding calculations. |
2 |
The sales charge is allocated between your Financial Intermediary and the Distributor. The Distributor, at its discretion, may re-allow the entire sales charge to your Financial Intermediary; in those instances such Financial Intermediaries may be deemed to be underwriters under the Securities Act of 1933. |
3 |
The Distributor or its affiliates pays any finder’s fee to your Financial Intermediary. The Distributor or its affiliates may withhold finder’s fees with respect to short-term investments. |
4 |
Please see the “Exchanging Fund Shares” section for details regarding CDSC and exchanges. |
Class A Shares Amount
of Investment |
Sales Charge as a % of Offering Price |
Sales Charge as a % of your Investment |
Finder’s Fee as a % of your Investment |
CDSC as a % of your Redemption 1 |
$0 to $3,999,999 | 0.00 | 0.00 | 1.00 | 0.00 |
$4,000,000 to $9,999,999 | 0.00 | 0.00 | 0.75 | 0.00 |
$10,000,000 to $49,999,999 | 0.00 | 0.00 | 0.50 | 0.00 |
$50,000,000 or more | 0.00 | 0.00 | 0.25 | 0.00 |
Class A Shares Amount
of Investment |
Sales Charge as a % of Offering Price |
Sales Charge as a % of your Investment |
Finder’s Fee as a % of your Investment |
CDSC as a % of your Redemption 1 |
All Investments | 0.00 | 0.00 | 0.25 | 0.00 |
1 |
If a plan redeems the shares of certain funds for which a finder’s fee has been paid within 18 months (12 months for Market Expansion Enhanced Index Fund) of the purchase date, no CDSC is charged; however, the Distributor reserves the right to reclaim the finder’s fee paid to the Financial Intermediary. |
Class C Shares Amount
of Investment |
Sales Charge as a % of Offering Price |
Sales Charge as a % of your Investment |
Commission as a % of Offering Price |
CDSC as a % of your Redemption |
All Investments | 0.00 | 0.00 | 1.00 | 0-12 months —1.00% |
1. | Your account(s); |
2. | Account(s) of your spouse or domestic partner; |
3. | Account(s) of children under the age of 21 who share your residential address; |
4. | Trust accounts established by any of the individuals in items (1) through (3) above. If the person(s) who established the trust is deceased, the trust account may be aggregated with the account(s) of the primary beneficiary of the trust; |
5. | Solely controlled business accounts; and |
6. | Single-participant retirement plans of any of the individuals in items (1) through (3) above. |
1. | Bought with the reinvestment of dividends and capital gains distributions. |
2. | Acquired in exchange for shares of another J.P. Morgan Fund if a comparable sales charge has been paid for the exchanged shares. |
3. | Effective November 2, 2020, bought through a Financial Intermediary and not directly from the Funds by officers, directors, trustees, retirees and employees, and their immediate family members (i.e., spouses, domestic partners, children, grandchildren, parents, grandparents and any dependent of the person, as defined in Section 152 of the Internal Revenue Code) of: |
• | J.P. Morgan Funds. |
• | JPMorgan Chase and its subsidiaries and affiliates. |
4. | Bought by employees of: |
• | DST Asset Manager Solutions, Inc. and its subsidiaries and affiliates. |
• | Financial Intermediaries or financial institutions that have entered into dealer agreements with the Funds or the Distributor and their subsidiaries and affiliates (or otherwise have an arrangement with a Financial Intermediary or financial institution with respect to sales of Fund shares). This waiver includes the employees’ immediate family members (i.e., spouses, domestic partners, children, grandchildren, parents, grandparents and any dependent of the employee, as defined in Section 152 of the Internal Revenue Code). |
5. | Bought by: |
• | Employer sponsored retirement, deferred compensation, employee benefit plans (including health savings accounts) and trusts used to fund those plans. Employer sponsored plans include 401(k) plans, 457 plans, 403(b) plans, profit-sharing and money purchase pension plans, defined benefit plans, retiree health benefit plans and non-qualified deferred compensation plans. Traditional IRAs, Roth IRAs, Coverdell Education Savings Accounts, SEPs, SARSEPs, SIMPLE IRAs and KEOGHs plans do not qualify under this waiver. |
• | Financial Intermediaries, including affiliates of JPMorgan Chase, who have a dealer arrangement with the Distributor, act in a custodial capacity, or who place trades for their own accounts or for the accounts of their clients and who charge a management, asset allocation, consulting, or other fee for their services. |
• | Financial Intermediaries who have entered into an agreement with the Distributor and have been approved by the Distributor to offer Fund shares to investment brokerage programs in which the end shareholder makes investment decisions independent of a financial advisor; these programs may or may not charge a transaction fee. |
• | Tuition programs that qualify under Section 529 of the Internal Revenue Code. |
• | A bank, trust company or thrift institution which is acting as a fiduciary exercising investment discretion, provided that appropriate notification of such fiduciary relationship is reported at the time of the investment to the Fund or the Fund’s Distributor. |
6. | Bought in connection with plans of reorganization of a J.P. Morgan Fund, such as mergers, asset acquisitions and exchange offers to which the Fund is a party. However, you may pay a CDSC when you redeem the Fund shares you received in connection with the plan of reorganization. |
7. | Purchased in Individual Retirement Accounts (IRAs) established prior to September 2, 2014: |
i. | That were established through a rollover from a qualified retirement plan for which J.P. Morgan Retirement Plan Services LLC had a contractual relationship to provide recordkeeping for the plan (an “RPS Rollover IRA”) or an IRA that was subsequently established in connection with the RPS Rollover IRA; |
ii. | Where JPMorgan Institutional Investments Inc. continues to be the broker of record for the IRA; and |
iii. | Where UMB Bank, n.a. continues to serve as custodian for the IRA. |
1. | If you participate in a Systematic Redemption Plan and withdraw no more than the amount permitted to be withdrawn without a CDSC. Please refer to Systematic Redemption Plan in the “HOW TO REDEEM” table below. |
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. 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. |
4. | That are part of a J.P. Morgan Fund-initiated event, such as mergers, liquidations, asset acquisitions, and exchange offers to which the 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. | For Class C Shares only, if your Financial Intermediary has notified the Distributor before you invest that it is waiving its commission. |
7. | Sold as a return of excess contributions from an IRA Account. |
8. | Sold to pay the Distributor or a Financial Intermediary account-related fees (only if the transaction is initiated by the Distributor or the Financial Intermediary). |
• | Class A Shares if they are bought with proceeds from the sale of Class A Shares of a J.P. Morgan Fund |
• | Class A Shares if they are bought with proceeds from the sale of Class I Shares or Class L Shares of a J.P. Morgan Fund |
• | Class A Shares if they are bought with proceeds from the sale of Class R6 Shares of a J.P. Morgan Fund held in a fee-based advisory account |
• | Class A Shares if they are bought with proceeds from the sale of Morgan Shares of a J.P. Morgan Money Market Fund, provided that the Morgan Shares were acquired from Class A Shares where a sales charge was paid or waived |
Class | Rule 12b-1 Fee |
Class A | 0.25% |
Class C | 0.75% |
Class I | None |
Class L | None |
Class | Service Fee |
Class A | 0.25% |
Class C | 0.25% |
Class I | 0.25% |
Class L | 0.10% |
• | If an investor is eligible to purchase Class A Shares, then their Class C Share positions will convert to Class A Shares after 8 years, calculated from the first day of the month of purchase and processed on the tenth business day of the anniversary month. |
• | If Class C Shares held in an account with a third party broker of record are transferred to an account with the Distributor, those Class C Shares will be converted to Class A Shares on the tenth business day of the month following the transfer. |
HOW TO PURCHASE DIRECTLY
WITH THE J.P. MORGAN FUNDS | ||
Opening a New Account
|
Purchasing into an
Existing Account | |
By Phone or Online Shareholder
Services representatives www.jpmorganfunds.comare available Monday through Friday from 8:00 am to 7:00 pm ET. Note:
Certain account types are not available for online account access. Please call for additional information. |
A
new account generally may not be opened by phone or online. Employees of JPMorgan Chase & Co. may open a new account 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. |
HOW TO PURCHASE DIRECTLY
WITH THE J.P. MORGAN FUNDS | ||
Opening a New Account
|
Purchasing into an
Existing Account | |
By Mail J.P.
Morgan Funds Services Overnight mailing address:P.O. Box 219143 Kansas City, MO 64121-9143 J.P.
Morgan Funds Services 430 W 7 th Street,
Suite 219143Kansas 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 a Fund are considered third-party checks. | ||
By ACH or Wire
1 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 |
You
may include bank information on your application for your initial purchase
to be processed via Automated Clearing House (ACH) rather than sending a
check. New accounts cannot be opened by wire purchase. |
Purchase
by ACH: To process a purchase via ACH using bank information on file you
may call us or process the purchase online. 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. |
Systematic Investment Plan
1 |
You
may include instructions to set up a Systematic Investment Plan on your
application. Bank Information must be included. Refer to Choosing A Share
Class for fund minimums. |
If
bank information is on file, you may call, go online or mail written
instructions to start, edit or delete a Systematic Investment Plan. You cannot have a Systematic Investment Plan and a Systematic Redemption Plan or Systematic Exchange Plan on the same fund account. If bank information is not on file, you will be required to submit a completed form with your bank information and Systematic Investment Plan details. |
1 |
The Funds currently do not charge for these services, but may impose a charge in the future. However, your bank may impose a charge for debiting your bank account. |
EXCHANGE PRIVILEGES
|
Class A Shares of a Fund may be exchanged for: |
•
Class
A Shares of another J.P. Morgan Fund, |
•
Morgan
Shares of a J.P. Morgan money market fund (except for JPMorgan Prime Money
Market Fund), or |
•
Another
share class of the same Fund if you are eligible to purchase that
class. |
Class C Shares of a Fund may be exchanged for: |
•
Class
C Shares of another J.P. Morgan Fund (except for JPMorgan Prime Money
Market Fund). Your new Class C Shares will be subject to the CDSC of the
Fund from which you exchanged, and the current holding period for your
exchanged Class C Shares is carried over to your new shares. |
•
Class
I, Class L or Class R6 Shares, if available, of the same Fund, provided
you meet the eligibility requirements for the class you are exchanging
into. In addition, the Class C Shares that you wish to exchange must not
currently be subject to any CDSC. |
Class I Shares of a Fund may be exchanged for: |
•
Class
I Shares of another J.P. Morgan Fund, |
•
Morgan
Shares of a J.P. Morgan money market fund (except for JPMorgan Prime Money
Market Fund), or |
•
Another
share class of the same Fund if you are eligible to purchase that
class. |
Class L Shares of a Fund may be exchanged for: |
•
Class
L Shares of another J.P. Morgan Fund, or |
•
Another
share class of the same Fund if you are eligible to purchase that
class. |
• | All exchanges are subject to meeting any investment minimum or eligibility requirements of the new Fund and class. |
• | The J.P. Morgan Funds will provide 60 days’ written notice of any termination of or material change to your exchange privilege. |
• | All exchanges are based upon the net asset value that is next calculated after the Fund receives your order, provided the exchange out of one Fund must occur before the exchange into the other Fund. |
• | In order for an exchange to take place on the date that the order is submitted, the order must be received prior to the close of both the Fund that you wish to exchange into and the Fund that you wish to exchange out of, otherwise, the exchange will occur on the following business day on which both Funds are open. |
• | A shareholder that exchanges into shares of a Fund that accrues dividends daily, including a money market fund, will not accrue a dividend on the day of the exchange. A shareholder that exchanges out of shares of a Fund that accrues a daily dividend will accrue a dividend on the day of the exchange. |
• | The exchange privilege is not intended as a way for you to speculate on short-term movements in the market. Therefore, to prevent disruptions in the management of J.P. Morgan Funds, certain J.P. Morgan Funds limit excessive exchange activity as described in the “Frequent Trading Policy” section. Your exchange privilege will be limited or revoked if the exchange activity is considered excessive. In addition, any J.P. Morgan Fund may reject any exchange request for any reason, including if it is not in the best interests of the Fund and/or its shareholders to accept the exchange. |
• | For Class A and Class C Shares only, you can set up a systematic exchange program to automatically exchange shares on a regular basis. However, you cannot have simultaneous systematic investment plans for the same Fund. You may call 1-800-480-4111 for complete instructions. |
1. | Your new Class A (Morgan Shares of a J.P. Morgan money market fund) or Class C Shares will be subject to the CDSC of the Fund from which you exchanged, and |
2. | The current holding period for your exchanged Class A (Morgan Shares of a J.P. Morgan money market fund) or Class C Shares, is carried over to your new shares. |
HOW TO REDEEM | |
By Phone or
Online Note: Certain account types are
not available for online account access. |
Call us at
1-800-480-4111 Shareholder
Services representatives are available Monday through Friday from 8:00 am
to 7:00 pm ET. www.jpmorganfunds.com |
By Mail |
Regular mailing
address: J.P.
Morgan Funds Services Overnight mailing address:P.O. Box 219143 Kansas City, MO 64121-9143 J.P.
Morgan Funds Services 430 W 7 th Street,
Suite 219143Kansas City, MO 64105-1407 |
Systematic Redemption Plan
2,
3 Note: The Funds currently do
not charge for this service, but may impose a charge in the
future. |
You
may include instructions to set up a Systematic Redemption Plan on your
application. Payment instructions must be included. You may call, or mail written instructions to start, edit or delete a Systematic Redemption Plan. You may send a written redemption request to your Financial Intermediary, if applicable, or to the Fund at the following address: J.P. Morgan Funds
Services P.O. Box 219143 Kansas City, MO 64121-9143 You may redeem over the phone. Please see “Can I redeem by phone?” for more information. If you own Class A or Class C Shares, the applicable CDSC will be deducted from those payments unless such payments are made: 4 •
Monthly
and constitute no more than
1 /
12 of
10% of your then-current balance in the Fund each month; or•
Quarterly
and constitute no more than ¼ of 10% of your then-current balance in the
Fund each quarter. It may not be in your best interest to buy additional Class A Shares while participating in a Systematic Redemption Plan. This is because Class A Shares have an upfront sales charge. |
1 |
You cannot request a redemption by check to be sent to an address updated within 15 days. |
2 |
If the amount of the systematic payment exceeds the income earned by your account since the previous payment under the Systematic Redemption Plan, payments will be made by redeeming some of your shares. This will reduce the amount of your investment, up to possibly closing your account. |
3 |
The Funds currently do not charge for these services, but may impose a charge in the future. However, your bank may impose a charge for crediting your bank account. |
4 |
Your current balance in the Fund for purposes of these calculations will be determined by multiplying the number of shares held by the last calculated NAV per share of the applicable class. |
• | 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. |
1. | Trading on the NYSE is restricted; |
2. | The NYSE is closed (other than weekend and holiday closings); |
3. | Federal securities laws permit; |
4. | The SEC has permitted a suspension; or |
5. | An emergency exists, as determined by the SEC. |
• | Shareholders of the Fund as of the Closing Date are able to continue to purchase additional shares in their existing Fund accounts either through J.P. Morgan Funds Services or a Financial Intermediary and may continue to reinvest dividends or capital gains distributions from shares owned in the Fund; |
• | Shareholders of the Fund as of the Closing Date are able to add to their existing Fund accounts through exchanges from other J.P. Morgan Funds; |
• | Approved fully discretionary fee-based advisory programs, where investment discretion (fund and investment allocations) solely reside with the Financial Intermediary’s home office and where the Financial Intermediary’s home office has full authority to make investment changes without approval from the shareholder, may continue to utilize the Fund for new and existing program accounts. These programs must be accepted for continued investment by the Fund and its distributor by the Closing Date. Additionally, after the Closing Date, new fully discretionary fee-based advisory programs may utilize the Fund for program accounts only with the approval by the Fund and its distributor; |
• | Other fee-based advisory programs (including Rep as Advisor and Portfolio Manager programs) may continue to utilize the Fund for existing program accounts, but will not be able to open new program accounts after the Closing Date; |
• | Group Retirement Plans (as defined in the Glossary) (and their successor, related and affiliated plans), which have the Fund available to participants on or before February 17, 2017 may continue to open accounts for new participants and can purchase additional shares in existing participant accounts. New Group Retirement Plans may only establish new accounts with the Fund provided the Group Retirement Plan has been accepted for investment by the Fund and its distributor by February 17, 2017 and the plan’s account with the Fund must be funded by December 31, 2017; |
• | Section 529 college savings plans may utilize the Fund for new and existing accounts. In order to be eligible, the plan must hold their shares through plan level or omnibus accounts held on the books of the Fund; or |
• | Current and future J.P. Morgan Funds which are permitted to invest in other J.P. Morgan Funds may purchase shares of the Fund. |
• | Current and future investment companies not affiliated with JPMIM if they receive prior approval of the Fund and its Distributor. |
• | After May 22, 2017, new Section 529 college savings plans may utilize the Fund for program accounts with approval by the Fund and the Distributor. |
• | Named investment professionals listed in the Fund’s prospectus may utilize the Fund for both new accounts and existing Fund accounts. |
• | Existing shareholders of Class L Shares of a Fund are able to continue to purchase additional Class L Shares of that Fund in their existing Fund accounts either through J.P. Morgan Funds Services or a Financial Intermediary and may continue to reinvest dividends or capital gains distributions from shares owned in the Fund; |
• | Existing shareholders of Class L Shares of a Fund are able to add to their existing Fund accounts through exchanges from Class L Shares of other Funds; |
• | Group Retirement Plans (as defined in the Glossary) may continue to use the Class L Shares of a Fund under certain circumstances. Effective April 3, 2017, new Group Retirement Plans are not eligible to purchase Class L Shares. Group Retirement Plans (and their successor, related and affiliated plans) which have Class L Shares of a Fund available to participants on or before April 3, 2017, may continue to open accounts for new participants in Class L Shares of a Fund and purchase additional shares in existing participant accounts. In addition, new Group Retirement Plans may purchase Class L Shares of a Fund until December 31, 2018, if it is determined that the particular Group Retirement Plan is having operational difficulties in implementing the new eligibility restrictions and receives the approval of the particular Fund and its Distributor; |
• | Current and future J.P. Morgan Funds that are permitted to invest in other J.P. Morgan Funds may purchase Class L Shares of a Fund; |
• | New York’s 529 Advisor-Guided College Savings Program may continue to utilize Class L Shares for new and existing program accounts; |
• | Registered investment advisors using an approved custodial platform may utilize Class L Shares of any Fund in fee-based advisory programs for both new and existing program accounts; |
• | Banks and trust companies acting as a fiduciary and using an approved custodial platform may continue to utilize Class L Shares of any Fund for new and existing customer accounts. New banks or trust companies may utilize a Fund only with the approval of that Fund and its Distributor; and |
• | Other fee-based advisory programs currently utilizing a Fund may continue to utilize the Class L Shares of that particular Fund for new and existing program accounts and any new affiliated program. |
1. | Trades that occur through omnibus accounts at Financial Intermediaries as described above; |
2. | Purchases, redemptions and exchanges made on a systematic basis; |
3. | Automatic reinvestments of dividends and distributions; |
4. | Purchases, redemptions or exchanges that are part of a rebalancing program, such as a wrap, advisory or bona fide asset allocation program, which includes investment models developed and maintained by a financial intermediary; |
5. | Redemptions of shares to pay fund or account fees; |
6. | Transactions initiated by the trustee or adviser to a donor-advised charitable gift fund; |
7. | Transactions in Section 529 college savings plans; |
8. | Transactions in Fund of Fund Products; and |
9. | Transactions within a Retirement account such as: |
• | Shares redeemed to return an excess contribution; |
• | Transactions initiated by sponsors of group employee benefit plans or other related accounts; |
• | Retirement plan contributions, loans, distributions, and hardship withdrawals; |
• | IRA re-characterizations and conversions; and |
• | IRA purchases of shares by asset transfer or direct rollover. |
• | Reinvest all distributions in additional Fund shares; |
• | Take distributions of net investment income in cash and reinvest distributions of net capital gain in additional shares; |
• | Take distributions of net capital gain in cash and reinvest distributions of net investment income; or |
• | Take all distributions in cash. |
• | Shares must be held at a plan level or |
• | Shares must be held at the Fund level through an omnibus account of a retirement plan recordkeeper. |
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 realized gain | |
JPMorgan Growth Advantage
Fund |
||||||
Class A |
||||||
Year Ended June 30, 2020 | $ 21.78 | $ (0.08) | $ 5.74 | $ 5.66 | $ (2.17) | |
Year Ended June 30, 2019 | 21.73 | (0.08) | 1.89 | 1.81 | (1.76) | |
Year Ended June 30, 2018 | 17.95 | (0.12) | 4.74 | 4.62 | (0.84) | |
Year Ended June 30, 2017 | 14.42 | (0.09) | 3.62 | 3.53 | — | |
Year Ended June 30, 2016 | 15.74 | (0.08) | (0.71) | (0.79) | (0.53) | |
Class C |
||||||
Year Ended June 30, 2020 | 18.86 | (0.16) | 4.89 | 4.73 | (2.17) | |
Year Ended June 30, 2019 | 19.16 | (0.16) | 1.62 | 1.46 | (1.76) | |
Year Ended June 30, 2018 | 15.99 | (0.19) | 4.20 | 4.01 | (0.84) | |
Year Ended June 30, 2017 | 12.91 | (0.15) | 3.23 | 3.08 | — | |
Year Ended June 30, 2016 | 14.22 | (0.14) | (0.64) | (0.78) | (0.53) | |
Class I |
||||||
Year Ended June 30, 2020 | 22.53 | (0.02) | 5.95 | 5.93 | (2.17) | |
Year Ended June 30, 2019 | 22.36 | (0.03) | 1.96 | 1.93 | (1.76) | |
Year Ended June 30, 2018 | 18.40 | (0.07) | 4.87 | 4.80 | (0.84) | |
Year Ended June 30, 2017 | 14.75 | (0.05) | 3.70 | 3.65 | — | |
Year Ended June 30, 2016 | 16.06 | (0.06) | (0.72) | (0.78) | (0.53) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
|
|||||||
$ 25.27 | 27.87% | $2,032,870 | 1.14% | (0.36)% | 1.16% | 47% | |
21.78 | 9.63 | 1,825,607 | 1.14 | (0.38) | 1.25 | 40 | |
21.73 | 26.22 | 1,724,681 | 1.16 | (0.57) | 1.25 | 31 | |
17.95 | 24.48 | 1,550,092 | 1.24 | (0.56) | 1.32 | 34 | |
14.42 | (5.07) | 1,643,136 | 1.25 | (0.55) | 1.35 | 46 | |
21.42 | 27.20 | 942,512 | 1.64 | (0.86) | 1.66 | 47 | |
18.86 | 9.06 | 793,489 | 1.64 | (0.88) | 1.75 | 40 | |
19.16 | 25.60 | 740,817 | 1.66 | (1.07) | 1.76 | 31 | |
15.99 | 23.86 | 605,999 | 1.74 | (1.06) | 1.82 | 34 | |
12.91 | (5.55) | 594,190 | 1.75 | (1.04) | 1.85 | 46 | |
26.29 | 28.15 | 2,827,894 | 0.89 | (0.11) | 0.90 | 47 | |
22.53 | 9.91 | 2,107,041 | 0.89 | (0.12) | 1.00 | 40 | |
22.36 | 26.56 | 1,753,505 | 0.92 | (0.32) | 1.00 | 31 | |
18.40 | 24.75 | 1,691,899 | 1.00 | (0.31) | 1.04 | 34 | |
14.75 | (4.91) | 922,981 | 1.08 | (0.41) | 1.09 | 46 |
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 Market Expansion
Enhanced Index Fund |
||||||||
Class A |
||||||||
Year Ended June 30, 2020 | $ 9.88 | $ 0.10 | $ (0.98) | $ (0.88) | $ (0.11) | $ (0.51) | $ (0.62) | |
Year Ended June 30, 2019 | 11.75 | 0.10 | (0.65) | (0.55) | (0.09) | (1.23) | (1.32) | |
Year Ended June 30, 2018 | 11.52 | 0.10 | 1.46 | 1.56 | (0.08) | (1.25) | (1.33) | |
Year Ended June 30, 2017 | 10.64 | 0.10 | 1.92 | 2.02 | (0.08) | (1.06) | (1.14) | |
Year Ended June 30, 2016 | 12.98 | 0.09 | (0.21) | (0.12) | (0.08) | (2.14) | (2.22) | |
Class C |
||||||||
Year Ended June 30, 2020 | 8.02 | 0.04 | (0.78) | (0.74) | (0.07) | (0.51) | (0.58) | |
Year Ended June 30, 2019 | 9.83 | 0.04 | (0.56) | (0.52) | (0.06) | (1.23) | (1.29) | |
Year Ended June 30, 2018 | 9.85 | 0.03 | 1.24 | 1.27 | (0.04) | (1.25) | (1.29) | |
Year Ended June 30, 2017 | 9.27 | 0.03 | 1.65 | 1.68 | (0.04) | (1.06) | (1.10) | |
Year Ended June 30, 2016 | 11.62 | 0.01 | (0.19) | (0.18) | (0.03) | (2.14) | (2.17) | |
Class I |
||||||||
Year Ended June 30, 2020 | 10.06 | 0.12 | (0.99) | (0.87) | (0.13) | (0.51) | (0.64) | |
Year Ended June 30, 2019 | 11.92 | 0.13 | (0.67) | (0.54) | (0.09) | (1.23) | (1.32) | |
Year Ended June 30, 2018 | 11.66 | 0.13 | 1.48 | 1.61 | (0.10) | (1.25) | (1.35) | |
Year Ended June 30, 2017 | 10.75 | 0.13 | 1.94 | 2.07 | (0.10) | (1.06) | (1.16) | |
Year Ended June 30, 2016 | 13.09 | 0.12 | (0.21) | (0.09) | (0.11) | (2.14) | (2.25) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net
assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
$ 8.38 | (9.97)% | $ 96,485 | 0.60% | 1.08% | 0.88% | 49% | |
9.88 | (3.69) | 129,406 | 0.60 | 0.98 | 0.88 | 36 | |
11.75 | 14.02 | 171,304 | 0.60 | 0.85 | 0.88 | 33 | |
11.52 | 19.37 | 162,853 | 0.62 | 0.87 | 0.93 | 30 | |
10.64 | 0.22 | 99,397 | 0.69 | 0.81 | 0.98 | 39 | |
6.70 | (10.43) | 19,697 | 1.10 | 0.57 | 1.39 | 49 | |
8.02 | (4.21) | 29,952 | 1.10 | 0.49 | 1.38 | 36 | |
9.83 | 13.46 | 36,618 | 1.10 | 0.34 | 1.38 | 33 | |
9.85 | 18.58 | 37,529 | 1.17 | 0.32 | 1.44 | 30 | |
9.27 | (0.43) | 24,343 | 1.39 | 0.12 | 1.52 | 39 | |
8.55 | (9.68) | 171,771 | 0.35 | 1.32 | 0.62 | 49 | |
10.06 | (3.56) | 264,415 | 0.34 | 1.14 | 0.61 | 36 | |
11.92 | 14.31 | 864,316 | 0.35 | 1.10 | 0.61 | 33 | |
11.66 | 19.66 | 788,063 | 0.38 | 1.13 | 0.62 | 30 | |
10.75 | 0.47 | 800,082 | 0.44 | 1.04 | 0.63 | 39 |
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 Mid Cap Equity
Fund |
||||||||
Class A |
||||||||
Year Ended June 30, 2020 | $ 50.52 | $ 0.13 | $ 0.78 | $ 0.91 | $ (0.30) | $ (3.93) | $ (4.23) | |
Year Ended June 30, 2019 | 51.57 | 0.18 | 4.04 | 4.22 | (0.13) | (5.14) | (5.27) | |
Year Ended June 30, 2018 | 48.53 | — (d) | 5.89 | 5.89 | — | (2.85) | (2.85) | |
Year Ended June 30, 2017 | 42.95 | (0.02) | 7.02 | 7.00 | (0.05) | (1.37) | (1.42) | |
Year Ended June 30, 2016 | 47.12 | (0.01) | (2.02) | (2.03) | (0.03) | (2.11) | (2.14) | |
Class C |
||||||||
Year Ended June 30, 2020 | 48.32 | (0.10) | 0.71 | 0.61 | (0.05) | (3.93) | (3.98) | |
Year Ended June 30, 2019 | 49.66 | (0.04) | 3.84 | 3.80 | — | (5.14) | (5.14) | |
Year Ended June 30, 2018 | 47.05 | (0.24) | 5.70 | 5.46 | — | (2.85) | (2.85) | |
Year Ended June 30, 2017 | 41.85 | (0.25) | 6.82 | 6.57 | — | (1.37) | (1.37) | |
Year Ended June 30, 2016 | 46.16 | (0.23) | (1.97) | (2.20) | — | (2.11) | (2.11) | |
Class I |
||||||||
Year Ended June 30, 2020 | 51.35 | 0.25 | 0.80 | 1.05 | (0.40) | (3.93) | (4.33) | |
Year Ended June 30, 2019 | 52.32 | 0.33 | 4.07 | 4.40 | (0.23) | (5.14) | (5.37) | |
Year Ended June 30, 2018 | 49.13 | 0.14 | 5.97 | 6.11 | (0.07) | (2.85) | (2.92) | |
Year Ended June 30, 2017 | 43.41 | 0.14 | 7.09 | 7.23 | (0.14) | (1.37) | (1.51) | |
Year Ended June 30, 2016 | 47.47 | 0.11 | (1.99) | (1.88) | (0.07) | (2.11) | (2.18) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(d) | Amount rounds to less than $0.005. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net
assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
$ 47.20 | 2.20% | $ 405,857 | 1.14% | 0.28% | 1.26% | 49% | |
50.52 | 9.92 | 451,118 | 1.13 | 0.37 | 1.26 | 34 | |
51.57 | 12.37 | 402,897 | 1.17 | 0.01 | 1.25 | 31 | |
48.53 | 16.61 | 378,055 | 1.24 | (0.05) | 1.37 | 38 | |
42.95 | (4.17) | 335,424 | 1.25 | (0.03) | 1.43 | 39 | |
44.95 | 1.69 | 20,753 | 1.64 | (0.23) | 1.76 | 49 | |
48.32 | 9.37 | 24,071 | 1.63 | (0.09) | 1.76 | 34 | |
49.66 | 11.83 | 27,666 | 1.67 | (0.50) | 1.76 | 31 | |
47.05 | 16.01 | 30,596 | 1.74 | (0.56) | 1.92 | 38 | |
41.85 | (4.64) | 32,045 | 1.75 | (0.54) | 1.96 | 39 | |
48.07 | 2.46 | 341,317 | 0.89 | 0.53 | 1.01 | 49 | |
51.35 | 10.20 | 301,071 | 0.88 | 0.65 | 1.00 | 34 | |
52.32 | 12.68 | 326,026 | 0.89 | 0.26 | 1.00 | 31 | |
49.13 | 17.01 | 778,378 | 0.89 | 0.30 | 1.08 | 38 | |
43.41 | (3.81) | 622,440 | 0.90 | 0.25 | 1.20 | 39 |
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 realized gain | |
JPMorgan Mid Cap Growth
Fund |
||||||
Class A |
||||||
Year Ended June 30, 2020 | $ 32.94 | $ (0.20) | $ 6.50 | $ 6.30 | $ (2.81) | |
Year Ended June 30, 2019 | 30.84 | (0.17) | 4.42 | 4.25 | (2.15) | |
Year Ended June 30, 2018 | 27.99 | (0.19) | 5.18 | 4.99 | (2.14) | |
Year Ended June 30, 2017 | 23.43 | (0.14) | 4.71 | 4.57 | (0.01) | |
Year Ended June 30, 2016 | 27.71 | (0.15) | (2.67) | (2.82) | (1.46) | |
Class C |
||||||
Year Ended June 30, 2020 | 25.34 | (0.28) | 4.90 | 4.62 | (2.81) | |
Year Ended June 30, 2019 | 24.37 | (0.25) | 3.37 | 3.12 | (2.15) | |
Year Ended June 30, 2018 | 22.64 | (0.27) | 4.14 | 3.87 | (2.14) | |
Year Ended June 30, 2017 | 19.05 | (0.22) | 3.82 | 3.60 | (0.01) | |
Year Ended June 30, 2016 | 22.93 | (0.22) | (2.20) | (2.42) | (1.46) | |
Class I |
||||||
Year Ended June 30, 2020 | 38.37 | (0.12) | 7.67 | 7.55 | (2.81) | |
Year Ended June 30, 2019 | 35.44 | (0.09) | 5.17 | 5.08 | (2.15) | |
Year Ended June 30, 2018 | 31.79 | (0.10) | 5.89 | 5.79 | (2.14) | |
Year Ended June 30, 2017 | 26.52 | (0.07) | 5.35 | 5.28 | (0.01) | |
Year Ended June 30, 2016 | 31.06 | (0.09) | (2.99) | (3.08) | (1.46) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net
assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
$ 36.43 | 20.30% | $ 1,141,467 | 1.24% | (0.62)% | 1.27% | 63% | |
32.94 | 15.37 | 1,012,686 | 1.23 | (0.56) | 1.28 | 54 | |
30.84 | 18.39 | 934,982 | 1.23 | (0.62) | 1.30 | 56 | |
27.99 | 19.52 | 915,226 | 1.23 | (0.56) | 1.36 | 41 | |
23.43 | (10.29) | 949,148 | 1.24 | (0.59) | 1.40 | 56 | |
27.15 | 19.72 | 86,046 | 1.74 | (1.12) | 1.75 | 63 | |
25.34 | 14.78 | 83,558 | 1.73 | (1.06) | 1.75 | 54 | |
24.37 | 17.76 | 82,939 | 1.73 | (1.12) | 1.76 | 56 | |
22.64 | 18.92 | 90,640 | 1.73 | (1.06) | 1.85 | 41 | |
19.05 | (10.70) | 96,729 | 1.74 | (1.08) | 1.90 | 56 | |
43.11 | 20.70 | 1,205,433 | 0.93 | (0.31) | 1.00 | 63 | |
38.37 | 15.73 | 1,085,728 | 0.92 | (0.25) | 1.00 | 54 | |
35.44 | 18.72 | 1,140,704 | 0.92 | (0.30) | 1.00 | 56 | |
31.79 | 19.92 | 1,050,151 | 0.92 | (0.25) | 1.08 | 41 | |
26.52 | (10.01) | 929,489 | 0.93 | (0.31) | 1.13 | 56 |
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 Mid Cap Value
Fund |
||||||||
Class A |
||||||||
Year Ended June 30, 2020 | $ 38.02 | $ 0.33 | $ (5.35) | $ (5.02) | $ (0.33) | $ (1.55) | $ (1.88) | |
Year Ended June 30, 2019 | 39.24 | 0.45 | 0.87 | 1.32 | (0.38) | (2.16) | (2.54) | |
Year Ended June 30, 2018 | 37.80 | 0.20 | 2.14 | 2.34 | (0.18) | (0.72) | (0.90) | |
Year Ended June 30, 2017 | 35.41 | 0.17 | 4.60 | 4.77 | (0.14) | (2.24) | (2.38) | |
Year Ended June 30, 2016 | 36.98 | 0.19 | 0.33 | 0.52 | (0.14) | (1.95) | (2.09) | |
Class C |
||||||||
Year Ended June 30, 2020 | 36.44 | 0.14 | (5.14) | (5.00) | (0.12) | (1.55) | (1.67) | |
Year Ended June 30, 2019 | 37.68 | 0.26 | 0.83 | 1.09 | (0.17) | (2.16) | (2.33) | |
Year Ended June 30, 2018 | 36.35 | (0.02) | 2.07 | 2.05 | — | (0.72) | (0.72) | |
Year Ended June 30, 2017 | 34.17 | (0.02) | 4.44 | 4.42 | — | (2.24) | (2.24) | |
Year Ended June 30, 2016 | 35.79 | 0.01 | 0.32 | 0.33 | — | (1.95) | (1.95) | |
Class I |
||||||||
Year Ended June 30, 2020 | 38.48 | 0.43 | (5.42) | (4.99) | (0.43) | (1.55) | (1.98) | |
Year Ended June 30, 2019 | 39.70 | 0.54 | 0.88 | 1.42 | (0.48) | (2.16) | (2.64) | |
Year Ended June 30, 2018 | 38.24 | 0.30 | 2.16 | 2.46 | (0.28) | (0.72) | (1.00) | |
Year Ended June 30, 2017 | 35.79 | 0.27 | 4.66 | 4.93 | (0.24) | (2.24) | (2.48) | |
Year Ended June 30, 2016 | 37.36 | 0.28 | 0.33 | 0.61 | (0.23) | (1.95) | (2.18) | |
Class L |
||||||||
Year Ended June 30, 2020 | 38.99 | 0.52 | (5.48) | (4.96) | (0.52) | (1.55) | (2.07) | |
Year Ended June 30, 2019 | 40.21 | 0.62 | 0.90 | 1.52 | (0.58) | (2.16) | (2.74) | |
Year Ended June 30, 2018 | 38.70 | 0.40 | 2.20 | 2.60 | (0.37) | (0.72) | (1.09) | |
Year Ended June 30, 2017 | 36.19 | 0.36 | 4.71 | 5.07 | (0.32) | (2.24) | (2.56) | |
Year Ended June 30, 2016 | 37.76 | 0.37 | 0.33 | 0.70 | (0.32) | (1.95) | (2.27) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net
assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
$ 31.12 | (14.13)% | $ 1,171,139 | 1.24% | 0.93% | 1.24% | 18% | |
38.02 | 4.12 | 1,662,841 | 1.23 | 1.20 | 1.25 | 11 | |
39.24 | 6.20 | 1,967,162 | 1.23 | 0.51 | 1.26 | 13 | |
37.80 | 13.83 | 2,149,689 | 1.23 | 0.45 | 1.36 | 23 | |
35.41 | 1.85 | 2,302,567 | 1.24 | 0.54 | 1.41 | 20 | |
29.77 | (14.58) | 84,827 | 1.73 | 0.42 | 1.74 | 18 | |
36.44 | 3.59 | 149,839 | 1.73 | 0.72 | 1.74 | 11 | |
37.68 | 5.65 | 214,331 | 1.74 | (0.06) | 1.75 | 13 | |
36.35 | 13.27 | 452,351 | 1.74 | (0.06) | 1.80 | 23 | |
34.17 | 1.35 | 549,619 | 1.75 | 0.03 | 1.83 | 20 | |
31.51 | (13.93) | 2,164,300 | 0.98 | 1.20 | 0.99 | 18 | |
38.48 | 4.38 | 2,662,983 | 0.98 | 1.41 | 0.99 | 11 | |
39.70 | 6.44 | 2,985,882 | 0.98 | 0.77 | 1.00 | 13 | |
38.24 | 14.15 | 2,902,646 | 0.98 | 0.72 | 1.07 | 23 | |
35.79 | 2.11 | 2,332,160 | 0.99 | 0.80 | 1.11 | 20 | |
31.96 | (13.71) | 5,976,033 | 0.75 | 1.41 | 0.84 | 18 | |
38.99 | 4.63 | 8,996,364 | 0.74 | 1.61 | 0.85 | 11 | |
40.21 | 6.73 | 11,795,588 | 0.74 | 1.00 | 0.86 | 13 | |
38.70 | 14.39 | 12,478,637 | 0.74 | 0.96 | 0.91 | 23 | |
36.19 | 2.35 | 10,313,629 | 0.75 | 1.04 | 0.94 | 20 |
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 Small Cap Blend
Fund |
||||||||
Class A |
||||||||
Year Ended June 30, 2020 | $ 19.78 | $ 0.04 | $(0.04) | $ — (d) | $ (0.02) | $(0.65) | $ (0.67) | |
Year Ended June 30, 2019 | 26.65 | — (d) | (0.63) | (0.63) | — | (6.24) | (6.24) | |
Year Ended June 30, 2018 | 22.03 | (0.20) | 7.54 | 7.34 | — | (2.72) | (2.72) | |
Year Ended June 30, 2017 | 19.14 | (0.16) | 6.24 | 6.08 | — | (3.19) | (3.19) | |
Year Ended June 30, 2016 | 26.04 | (0.16) | (3.52) | (3.68) | — | (3.22) | (3.22) | |
Class C |
||||||||
Year Ended June 30, 2020 | 12.90 | (0.04) | (0.02) | (0.06) | — | (0.65) | (0.65) | |
Year Ended June 30, 2019 | 19.89 | (0.08) | (0.67) | (0.75) | — | (6.24) | (6.24) | |
Year Ended June 30, 2018 | 17.12 | (0.24) | 5.73 | 5.49 | — | (2.72) | (2.72) | |
Year Ended June 30, 2017 | 15.58 | (0.21) | 4.94 | 4.73 | — | (3.19) | (3.19) | |
Year Ended June 30, 2016 | 21.97 | (0.22) | (2.95) | (3.17) | — | (3.22) | (3.22) | |
Class I |
||||||||
Year Ended June 30, 2020 | 23.75 | 0.10 | (0.06) | 0.04 | (0.05) | (0.65) | (0.70) | |
Year Ended June 30, 2019 | 30.53 | 0.05 | (0.59) | (0.54) | — | (6.24) | (6.24) | |
Year Ended June 30, 2018 | 24.83 | (0.15) | 8.57 | 8.42 | — | (2.72) | (2.72) | |
Year Ended June 30, 2017 | 21.17 | (0.12) | 6.97 | 6.85 | — | (3.19) | (3.19) | |
Year Ended June 30, 2016 | 28.34 | (0.14) | (3.81) | (3.95) | — | (3.22) | (3.22) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(d) | Amount rounds to less than $0.005. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net
assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
$ 19.11 | (0.24)% | $ 132,674 | 1.24% | 0.19% | 1.32% | 48% | |
19.78 | 0.70 | 116,751 | 1.24 | (0.01) | 1.37 | 75 | |
26.65 | 35.55 | 85,586 | 1.24 | (0.81) | 1.36 | 89 | |
22.03 | 34.99 | 66,189 | 1.25 | (0.78) | 1.48 | 41 | |
19.14 | (14.42) | 55,583 | 1.25 | (0.76) | 1.51 | 56 | |
12.19 | (0.83) | 24,323 | 1.74 | (0.31) | 1.80 | 48 | |
12.90 | 0.25 | 38,625 | 1.74 | (0.53) | 1.85 | 75 | |
19.89 | 34.88 | 40,470 | 1.74 | (1.31) | 1.83 | 89 | |
17.12 | 34.25 | 36,707 | 1.74 | (1.28) | 2.04 | 41 | |
15.58 | (14.80) | 32,734 | 1.75 | (1.27) | 2.12 | 56 | |
23.09 | (0.02) | 148,443 | 0.99 | 0.44 | 1.05 | 48 | |
23.75 | 0.94 | 110,123 | 0.99 | 0.20 | 1.10 | 75 | |
30.53 | 35.91 | 92,701 | 0.99 | (0.56) | 1.08 | 89 | |
24.83 | 35.29 | 67,496 | 1.00 | (0.53) | 1.18 | 41 | |
21.17 | (14.19) | 64,589 | 1.00 | (0.57) | 1.09 | 56 |
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 | |
JPMorgan Small Cap Core
Fund |
||||||||
Class A |
||||||||
Year Ended June 30, 2020 | $ 49.98 | $ 0.15 | $(6.00) | $ (5.85) | $ (0.15) | $ (1.86) | $ (2.01) | |
Year Ended June 30, 2019 | 57.16 | 0.11 | (3.52) | (3.41) | (0.02) | (3.75) | (3.77) | |
Year Ended June 30, 2018 | 52.32 | 0.04(f) | 9.19 | 9.23 | (0.01) | (4.38) | (4.39) | |
Year Ended June 30, 2017 | 45.88 | (0.04) | 11.81 | 11.77 | (0.20) | (5.13) | (5.33) | |
May 31, 2016 (g) through June 30, 2016 | 45.81 | 0.02(f) | 0.05 | 0.07 | — | — | — | |
Class C |
||||||||
Year Ended June 30, 2020 | 49.27 | (0.07) | (5.93) | (6.00) | — | (1.86) | (1.86) | |
Year Ended June 30, 2019 | 56.67 | (0.15) | (3.50) | (3.65) | — | (3.75) | (3.75) | |
Year Ended June 30, 2018 | 52.14 | (0.24)(f) | 9.15 | 8.91 | — | (4.38) | (4.38) | |
Year Ended June 30, 2017 | 45.86 | (0.24) | 11.74 | 11.50 | (0.09) | (5.13) | (5.22) | |
May 31, 2016 (g) through June 30, 2016 | 45.81 | — (f)(h) | 0.05 | 0.05 | — | — | — | |
Class I |
||||||||
Year Ended June 30, 2020 | 50.25 | 0.28 | (6.03) | (5.75) | (0.29) | (1.86) | (2.15) | |
Year Ended June 30, 2019 | 57.44 | 0.23 | (3.55) | (3.32) | (0.12) | (3.75) | (3.87) | |
Year Ended June 30, 2018 | 52.58 | 0.17 (f) | 9.24 | 9.41 | (0.17) | (4.38) | (4.55) | |
January 3, 2017 (g) through June 30, 2017 | 50.44 | 0.07 | 2.07 | 2.14 | — | — | — |
(a) | Annualized for periods less than one year, unless otherwise noted. |
(b) | Calculated based upon average shares outstanding. |
(c) | Not annualized for periods less than one year. |
(d) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(e) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(f) | Net investment income (loss) may appear disproportionate among the classes due to the timing of recognition of income and changes in the relative size of the classes. |
(g) | Commencement of offering of class of shares. |
(h) | Amount rounds to less than $0.005. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets
(a) |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (c)(d) |
Net
assets, end of period (000’s) |
Net expenses (e) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate (c) |
|
$42.12 | (12.40)% | $ 4,127 | 1.24% | 0.33% | 1.38% | 102% | |
49.98 | (5.48) | 5,896 | 1.23 | 0.21 | 1.36 | 74 | |
57.16 | 18.37 | 4,624 | 1.24 | 0.07 (f) | 1.41 | 39 | |
52.32 | 26.29 | 2,203 | 1.24 | (0.07) | 1.45 | 61 | |
45.88 | 0.15 | 23 | 1.25 | 0.56 (f) | 1.39 | 58 | |
41.41 | (12.84) | 1,690 | 1.74 | (0.16) | 1.82 | 102 | |
49.27 | (5.97) | 2,307 | 1.73 | (0.30) | 1.86 | 74 | |
56.67 | 17.79 | 1,816 | 1.74 | (0.45)(f) | 1.90 | 39 | |
52.14 | 25.68 | 1,017 | 1.74 | (0.47) | 1.96 | 61 | |
45.86 | 0.11 | 20 | 1.74 | 0.06 (f) | 1.89 | 58 | |
42.35 | (12.18) | 13,264 | 0.99 | 0.61 | 1.06 | 102 | |
50.25 | (5.24) | 13,211 | 0.98 | 0.45 | 1.09 | 74 | |
57.44 | 18.64 | 15,557 | 0.99 | 0.32 (f) | 1.12 | 39 | |
52.58 | 4.24 | 3,545 | 0.99 | 0.26 | 1.21 | 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 Small Cap Equity
Fund |
||||||||
Class A |
||||||||
Year Ended June 30, 2020 | $ 50.05 | $ 0.12 | $ (1.95) | $ (1.83) | $ (0.15) | $ (2.38) | $ (2.53) | |
Year Ended June 30, 2019 | 52.43 | 0.12 | 0.95 | 1.07 | (0.06) | (3.39) | (3.45) | |
Year Ended June 30, 2018 | 48.63 | 0.10 | 6.67 | 6.77 | (0.10) | (2.87) | (2.97) | |
Year Ended June 30, 2017 | 41.68 | 0.11 | 8.21 | 8.32 | (0.12) | (1.25) | (1.37) | |
Year Ended June 30, 2016 | 44.68 | 0.13(d) | 0.08 | 0.21 | (0.14) | (3.07) | (3.21) | |
Class C |
||||||||
Year Ended June 30, 2020 | 36.25 | (0.08) | (1.35) | (1.43) | (0.02) | (2.38) | (2.40) | |
Year Ended June 30, 2019 | 39.12 | (0.09) | 0.61 | 0.52 | — | (3.39) | (3.39) | |
Year Ended June 30, 2018 | 37.07 | (0.12) | 5.04 | 4.92 | — | (2.87) | (2.87) | |
Year Ended June 30, 2017 | 32.21 | (0.09) | 6.31 | 6.22 | (0.11) | (1.25) | (1.36) | |
Year Ended June 30, 2016 | 35.32 | (0.06)(d) | 0.02 | (0.04) | — | (3.07) | (3.07) | |
Class I |
||||||||
Year Ended June 30, 2020 | 58.34 | 0.30 | (2.30) | (2.00) | (0.26) | (2.38) | (2.64) | |
Year Ended June 30, 2019 | 60.52 | 0.29 | 1.12 | 1.41 | (0.20) | (3.39) | (3.59) | |
Year Ended June 30, 2018 | 55.69 | 0.26 | 7.67 | 7.93 | (0.23) | (2.87) | (3.10) | |
Year Ended June 30, 2017 | 47.50 | 0.28 | 9.37 | 9.65 | (0.21) | (1.25) | (1.46) | |
Year Ended June 30, 2016 | 50.31 | 0.25(d) | 0.17 | 0.42 | (0.16) | (3.07) | (3.23) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(d) | Net investment income (loss) may appear disproportionate among the classes due to the timing of recognition of income and changes in the relative size of the classes. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net
assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
$ 45.69 | (4.11)% | $ 653,887 | 1.26% | 0.25% | 1.27% | 23% | |
50.05 | 2.82 | 791,846 | 1.23 | 0.24 | 1.25 | 23 | |
52.43 | 14.33 | 1,095,395 | 1.24 | 0.19 | 1.26 | 17 | |
48.63 | 20.14 | 1,135,394 | 1.29 | 0.24 | 1.35 | 21 | |
41.68 | 1.10 | 736,629 | 1.29 | 0.31 (d) | 1.38 | 32 | |
32.42 | (4.56) | 80,258 | 1.74 | (0.24) | 1.75 | 23 | |
36.25 | 2.31 | 111,453 | 1.73 | (0.25) | 1.75 | 23 | |
39.12 | 13.76 | 143,030 | 1.74 | (0.32) | 1.76 | 17 | |
37.07 | 19.53 | 171,352 | 1.79 | (0.25) | 1.84 | 21 | |
32.21 | 0.63 | 70,176 | 1.79 | (0.20)(d) | 1.85 | 32 | |
53.70 | (3.83) | 3,240,725 | 0.98 | 0.54 | 0.99 | 23 | |
58.34 | 3.05 | 2,720,056 | 0.98 | 0.51 | 1.00 | 23 | |
60.52 | 14.61 | 2,868,739 | 0.98 | 0.45 | 1.00 | 17 | |
55.69 | 20.50 | 2,722,213 | 0.99 | 0.54 | 1.07 | 21 | |
47.50 | 1.41 | 1,261,772 | 0.99 | 0.54(d) | 1.14 | 32 |
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 Small Cap Growth
Fund |
||||||||
Class A |
||||||||
Year Ended June 30, 2020 | $ 17.00 | $ (0.11) | $ 2.88 | $ 2.77 | $ — | $ (1.07) | $ (1.07) | |
Year Ended June 30, 2019 | 18.45 | (0.11) | 0.67 | 0.56 | — | (2.01) | (2.01) | |
Year Ended June 30, 2018 | 14.81 | (0.14)(d) | 5.11 | 4.97 | — | (1.33) | (1.33) | |
Year Ended June 30, 2017 | 11.43 | (0.10) | 3.94 | 3.84 | — | (0.46) | (0.46) | |
Year Ended June 30, 2016 | 14.50 | (0.09) | (1.94) | (2.03) | — | (1.04) | (1.04) | |
Class C |
||||||||
Year Ended June 30, 2020 | 11.78 | (0.13) | 1.95 | 1.82 | — | (1.07) | (1.07) | |
Year Ended June 30, 2019 | 13.55 | (0.14) | 0.38 | 0.24 | — | (2.01) | (2.01) | |
Year Ended June 30, 2018 | 11.23 | (0.16)(d) | 3.81 | 3.65 | — | (1.33) | (1.33) | |
Year Ended June 30, 2017 | 8.82 | (0.13) | 3.00 | 2.87 | — | (0.46) | (0.46) | |
Year Ended June 30, 2016 | 11.50 | (0.12) | (1.52) | (1.64) | — | (1.04) | (1.04) | |
Class I |
||||||||
Year Ended June 30, 2020 | 19.05 | (0.07) | 3.24 | 3.17 | (0.01) | (1.07) | (1.08) | |
Year Ended June 30, 2019 | 20.35 | (0.08) | 0.79 | 0.71 | — | (2.01) | (2.01) | |
Year Ended June 30, 2018 | 16.18 | (0.11 )(d) | 5.61 | 5.50 | — | (1.33) | (1.33) | |
Year Ended June 30, 2017 | 12.42 | (0.07) | 4.29 | 4.22 | — | (0.46) | (0.46) | |
Year Ended June 30, 2016 | 15.61 | (0.07) | (2.08) | (2.15) | — | (1.04) | (1.04) | |
Class L |
||||||||
Year Ended June 30, 2020 | 19.71 | (0.04) | 3.36 | 3.32 | (0.03) | (1.07) | (1.10) | |
Year Ended June 30, 2019 | 20.95 | (0.05) | 0.82 | 0.77 | — | (2.01) | (2.01) | |
Year Ended June 30, 2018 | 16.60 | (0.08)(d) | 5.76 | 5.68 | — | (1.33) | (1.33) | |
Year Ended June 30, 2017 | 12.72 | (0.05) | 4.39 | 4.34 | — | (0.46) | (0.46) | |
Year Ended June 30, 2016 | 15.93 | (0.05) | (2.12) | (2.17) | — | (1.04) | (1.04) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(d) | Net investment income (loss) may appear disproportionate among the classes due to the timing of recognition of income and changes in the relative size of the classes. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net
assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
$ 18.70 | 16.92% | $ 500,357 | 1.24% | (0.63)% | 1.27% | 51% | |
17.00 | 5.08 | 400,127 | 1.24 | (0.68) | 1.27 | 58 | |
18.45 | 35.14 | 337,933 | 1.24 | (0.83)(d) | 1.29 | 58 | |
14.81 | 34.36 | 196,403 | 1.24 | (0.75) | 1.40 | 42 | |
11.43 | (14.17) | 179,093 | 1.25 | (0.77) | 1.50 | 47 | |
12.53 | 16.32 | 62,434 | 1.74 | (1.13) | 1.77 | 51 | |
11.78 | 4.51 | 58,288 | 1.74 | (1.17) | 1.77 | 58 | |
13.55 | 34.56 | 43,116 | 1.74 | (1.32)(d) | 1.77 | 58 | |
11.23 | 33.51 | 20,352 | 1.74 | (1.25) | 1.85 | 42 | |
8.82 | (14.50) | 18,218 | 1.75 | (1.27) | 1.91 | 47 | |
21.14 | 17.19 | 466,094 | 0.99 | (0.37) | 1.01 | 51 | |
19.05 | 5.36 | 289,094 | 0.99 | (0.43) | 1.02 | 58 | |
20.35 | 35.45 | 268,082 | 0.99 | (0.57)(d) | 1.02 | 58 | |
16.18 | 34.69 | 110,644 | 1.00 | (0.50) | 1.12 | 42 | |
12.42 | (13.92) | 102,174 | 1.00 | (0.52) | 1.18 | 47 | |
21.93 | 17.40 | 735,649 | 0.84 | (0.23) | 0.86 | 51 | |
19.71 | 5.51 | 568,539 | 0.84 | (0.27) | 0.86 | 58 | |
20.95 | 35.65 | 434,286 | 0.84 | (0.43)(d) | 0.86 | 58 | |
16.60 | 34.82 | 360,044 | 0.85 | (0.35) | 0.93 | 42 | |
12.72 | (13.76) | 271,369 | 0.85 | (0.35) | 0.96 | 47 |
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 Small Cap Value
Fund |
||||||||
Class A |
||||||||
Year Ended June 30, 2020 | $ 23.65 | $ 0.16 | $ (3.82) | $ (3.66) | $ (0.18) | $ (1.33) | $ (1.51) | |
Year Ended June 30, 2019 | 30.42 | 0.21 | (3.28) | (3.07) | (0.24) | (3.46) | (3.70) | |
Year Ended June 30, 2018 | 29.18 | 0.20(d) | 3.01 | 3.21 | (0.23) | (1.74) | (1.97) | |
Year Ended June 30, 2017 | 24.64 | 0.11(d) | 4.58 | 4.69 | (0.13) | (0.02) | (0.15) | |
Year Ended June 30, 2016 | 26.65 | 0.17 | (0.94) | (0.77) | (0.15) | (1.09) | (1.24) | |
Class C |
||||||||
Year Ended June 30, 2020 | 18.90 | 0.04 | (2.97) | (2.93) | (0.12) | (1.33) | (1.45) | |
Year Ended June 30, 2019 | 25.21 | 0.07 | (2.73) | (2.66) | (0.19) | (3.46) | (3.65) | |
Year Ended June 30, 2018 | 24.55 | 0.04(d) | 2.50 | 2.54 | (0.14) | (1.74) | (1.88) | |
Year Ended June 30, 2017 | 20.82 | (0.05)(d) | 3.87 | 3.82 | (0.07) | (0.02) | (0.09) | |
Year Ended June 30, 2016 | 22.77 | 0.02 | (0.82) | (0.80) | (0.06) | (1.09) | (1.15) | |
Class I |
||||||||
Year Ended June 30, 2020 | 25.32 | 0.23 | (4.11) | (3.88) | (0.23) | (1.33) | (1.56) | |
Year Ended June 30, 2019 | 32.25 | 0.31 | (3.48) | (3.17) | (0.30) | (3.46) | (3.76) | |
Year Ended June 30, 2018 | 30.80 | 0.30(d) | 3.18 | 3.48 | (0.29) | (1.74) | (2.03) | |
Year Ended June 30, 2017 | 25.97 | 0.20(d) | 4.81 | 5.01 | (0.16) | (0.02) | (0.18) | |
Year Ended June 30, 2016 | 28.00 | 0.23 | (0.97) | (0.74) | (0.20) | (1.09) | (1.29) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(d) | Net investment income (loss) may appear disproportionate among the classes due to the timing of recognition of income and changes in the relative size of the classes. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net
assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
$ 18.48 | (16.78)% | $ 123,496 | 1.25% | 0.74% | 1.27% | 42% | |
23.65 | (9.73) | 193,505 | 1.24 | 0.80 | 1.26 | 60 | |
30.42 | 11.41 | 336,054 | 1.24 | 0.67(d) | 1.30 | 39 | |
29.18 | 19.01 | 518,464 | 1.24 | 0.39(d) | 1.44 | 41 | |
24.64 | (2.54) | 551,313 | 1.25 | 0.69 | 1.53 | 46 | |
14.52 | (17.14) | 9,340 | 1.74 | 0.23 | 1.78 | 42 | |
18.90 | (10.18) | 18,088 | 1.74 | 0.33 | 1.77 | 60 | |
25.21 | 10.80 | 25,885 | 1.75 | 0.14(d) | 1.78 | 39 | |
24.55 | 18.32 | 40,349 | 1.85 | (0.21)(d) | 1.86 | 41 | |
20.82 | (3.12) | 41,161 | 1.86 | 0.07 | 1.94 | 46 | |
19.88 | (16.55) | 131,992 | 0.99 | 0.98 | 1.01 | 42 | |
25.32 | (9.49) | 287,014 | 0.99 | 1.10 | 1.01 | 60 | |
32.25 | 11.70 | 336,366 | 0.99 | 0.96(d) | 1.01 | 39 | |
30.80 | 19.30 | 344,875 | 0.99 | 0.67(d) | 1.11 | 41 | |
25.97 | (2.28) | 263,436 | 1.00 | 0.88 | 1.18 | 46 |
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 SMID Cap Equity
Fund (formerly, JPMorgan Intrepid Mid Cap Fund) |
||||||||
Class A |
||||||||
Year Ended June 30, 2020 | $ 18.24 | $ 0.11 | $ (0.71) | $(0.60) | $(0.09) | $ (2.03) | $ (2.12) | |
Year Ended June 30, 2019 | 22.76 | 0.10 | (0.28) | (0.18) | (0.08) | (4.26) | (4.34) | |
Year Ended June 30, 2018 | 22.11 | 0.15 | 2.29 | 2.44 | (0.13) | (1.66) | (1.79) | |
Year Ended June 30, 2017 | 19.48 | 0.08 | 2.62 | 2.70 | (0.07) | — (d) | (0.07) | |
Year Ended June 30, 2016 | 21.82 | 0.15 | (0.64) | (0.49) | (0.13) | (1.72) | (1.85) | |
Class C |
||||||||
Year Ended June 30, 2020 | 14.64 | 0.01 | (0.52) | (0.51) | (0.02) | (2.03) | (2.05) | |
Year Ended June 30, 2019 | 19.23 | — (d) | (0.30) | (0.30) | (0.03) | (4.26) | (4.29) | |
Year Ended June 30, 2018 | 18.90 | 0.04 | 1.96 | 2.00 | (0.01) | (1.66) | (1.67) | |
Year Ended June 30, 2017 | 16.72 | (0.04) | 2.24 | 2.20 | (0.02) | — (d) | (0.02) | |
Year Ended June 30, 2016 | 19.07 | 0.03 | (0.58) | (0.55) | (0.08) | (1.72) | (1.80) | |
Class I |
||||||||
Year Ended June 30, 2020 | 19.48 | 0.16 | (0.78) | (0.62) | (0.12) | (2.03) | (2.15) | |
Year Ended June 30, 2019 | 24.01 | 0.16 | (0.29) | (0.13) | (0.14) | (4.26) | (4.40) | |
Year Ended June 30, 2018 | 23.22 | 0.22 | 2.41 | 2.63 | (0.18) | (1.66) | (1.84) | |
Year Ended June 30, 2017 | 20.43 | 0.14 | 2.75 | 2.89 | (0.10) | — (d) | (0.10) | |
Year Ended June 30, 2016 | 22.77 | 0.19 | (0.64) | (0.45) | (0.17) | (1.72) | (1.89) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(d) | Amount rounds to less than $0.005. |
(e) | Amount rounds to less than 0.005%. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net
assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
$ 15.52 | (4.62)% | $ 154,019 | 1.14% | 0.62% | 1.22% | 92% | |
18.24 | 0.81 | 204,131 | 1.14 | 0.49 | 1.31 | 82 | |
22.76 | 11.18 | 314,171 | 1.14 | 0.65 | 1.29 | 62 | |
22.11 | 13.91 | 304,927 | 1.14 | 0.40 | 1.38 | 70 | |
19.48 | (1.71) | 311,724 | 1.15 | 0.77 | 1.44 | 78 | |
12.08 | (5.06) | 27,417 | 1.64 | 0.10 | 1.73 | 92 | |
14.64 | 0.24 | 42,429 | 1.64 | 0.00 (e) | 1.79 | 82 | |
19.23 | 10.69 | 62,925 | 1.64 | 0.18 | 1.78 | 62 | |
18.90 | 13.20 | 81,761 | 1.74 | (0.21) | 1.87 | 70 | |
16.72 | (2.35) | 89,071 | 1.79 | 0.15 | 1.96 | 78 | |
16.71 | (4.40) | 119,926 | 0.89 | 0.85 | 0.96 | 92 | |
19.48 | 1.05 | 188,694 | 0.89 | 0.75 | 1.04 | 82 | |
24.01 | 11.47 | 296,876 | 0.89 | 0.91 | 1.02 | 62 | |
23.22 | 14.17 | 310,316 | 0.89 | 0.65 | 1.11 | 70 | |
20.43 | (1.48) | 258,866 | 0.90 | 0.93 | 1.13 | 78 |
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. Small
Company Fund |
||||||||
Class A |
||||||||
Year Ended June 30, 2020 | $ 15.96 | $ 0.03 | $ (1.10) | $ (1.07) | $(0.04) | $ (0.01) | $ (0.05) | |
Year Ended June 30, 2019 | 19.60 | 0.03 | (1.81) | (1.78) | — | (1.86) | (1.86) | |
Year Ended June 30, 2018 | 18.10 | — (d)(e) | 2.69 | 2.69 | — | (1.19) | (1.19) | |
Year Ended June 30, 2017 | 15.09 | — (d)(e) | 3.02 | 3.02 | (0.01) | — (d) | (0.01) | |
Year Ended June 30, 2016 | 16.96 | 0.02 | (1.20) | (1.18) | (0.02) | (0.67) | (0.69) | |
Class C |
||||||||
Year Ended June 30, 2020 | 15.06 | (0.05) | (1.04) | (1.09) | — | (0.01) | (0.01) | |
Year Ended June 30, 2019 | 18.70 | (0.06) | (1.72) | (1.78) | — | (1.86) | (1.86) | |
Year Ended June 30, 2018 | 17.40 | (0.09 )(e) | 2.58 | 2.49 | — | (1.19) | (1.19) | |
Year Ended June 30, 2017 | 14.57 | (0.08 )(e) | 2.91 | 2.83 | — | — (d) | — (d) | |
Year Ended June 30, 2016 | 16.46 | (0.05) | (1.17) | (1.22) | — | (0.67) | (0.67) | |
Class I |
||||||||
Year Ended June 30, 2020 | 16.40 | 0.07 | (1.12) | (1.05) | (0.09) | (0.01) | (0.10) | |
Year Ended June 30, 2019 | 20.05 | 0.07 | (1.84) | (1.77) | (0.02) | (1.86) | (1.88) | |
Year Ended June 30, 2018 | 18.47 | 0.05(e) | 2.75 | 2.80 | (0.03) | (1.19) | (1.22) | |
Year Ended June 30, 2017 | 15.40 | 0.04(e) | 3.08 | 3.12 | (0.05) | — (d) | (0.05) | |
Year Ended June 30, 2016 | 17.29 | 0.06 | (1.22) | (1.16) | (0.06) | (0.67) | (0.73) | |
Class L |
||||||||
Year Ended June 30, 2020 | 16.38 | 0.10 | (1.12) | (1.02) | (0.12) | (0.01) | (0.13) | |
Year Ended June 30, 2019 | 20.05 | 0.10 | (1.86) | (1.76) | (0.05) | (1.86) | (1.91) | |
Year Ended June 30, 2018 | 18.46 | 0.08(e) | 2.76 | 2.84 | (0.06) | (1.19) | (1.25) | |
Year Ended June 30, 2017 | 15.39 | 0.08(e) | 3.08 | 3.16 | (0.09) | — (d) | (0.09) | |
Year Ended June 30, 2016 | 17.28 | 0.10 | (1.24) | (1.14) | (0.08) | (0.67) | (0.75) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(d) | Amount rounds to less than $0.005. |
(e) | Net investment income (loss) may appear disproportionate among the classes due to the timing of recognition of income and changes in the relative size of the classes. |
(f) | Amount rounds to less than 0.005%. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
$ 14.84 | (6.76)% | $ 94,883 | 1.22% | 0.18% | 1.23% | 52% | |
15.96 | (8.77) | 136,432 | 1.22 | 0.16 | 1.22 | 64 | |
19.60 | 15.40 | 210,050 | 1.22 | 0.00(e)(f) | 1.23 | 52 | |
18.10 | 20.04 | 244,958 | 1.25 | (0.01)(e) | 1.35 | 53 | |
15.09 | (6.86) | 226,309 | 1.26 | 0.15 | 1.44 | 49 | |
13.96 | (7.25) | 18,297 | 1.74 | (0.34) | 1.74 | 52 | |
15.06 | (9.22) | 28,451 | 1.72 | (0.35) | 1.73 | 64 | |
18.70 | 14.85 | 45,633 | 1.73 | (0.50)(e) | 1.73 | 52 | |
17.40 | 19.43 | 49,946 | 1.75 | (0.51)(e) | 1.85 | 53 | |
14.57 | (7.35) | 45,932 | 1.76 | (0.34) | 1.91 | 49 | |
15.25 | (6.51) | 160,892 | 0.96 | 0.44 | 0.96 | 52 | |
16.40 | (8.49) | 273,370 | 0.96 | 0.41 | 0.96 | 64 | |
20.05 | 15.73 | 433,317 | 0.96 | 0.27(e) | 0.97 | 52 | |
18.47 | 20.29 | 387,043 | 1.01 | 0.25(e) | 1.05 | 53 | |
15.40 | (6.63) | 289,631 | 1.00 | 0.42 | 1.11 | 49 | |
15.23 | (6.37) | 302,427 | 0.81 | 0.60 | 0.81 | 52 | |
16.38 | (8.42) | 433,521 | 0.81 | 0.58 | 0.81 | 64 | |
20.05 | 15.95 | 554,361 | 0.81 | 0.42(e) | 0.82 | 52 | |
18.46 | 20.50 | 711,139 | 0.82 | 0.43(e) | 0.87 | 53 | |
15.39 | (6.48) | 587,279 | 0.82 | 0.63 | 0.90 | 49 |
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 Value Advantage
Fund |
||||||||
Class A |
||||||||
Year Ended June 30, 2020 | $ 35.46 | $ 0.49 | $(5.04) | $ (4.55) | $ (0.45) | $ (0.93) | $ (1.38) | |
Year Ended June 30, 2019 | 35.38 | 0.55 | 1.68 | 2.23 | (0.46) | (1.69) | (2.15) | |
Year Ended June 30, 2018 | 33.40 | 0.35(d) | 2.26 | 2.61 | (0.28) | (0.35) | (0.63) | |
Year Ended June 30, 2017 | 28.66 | 0.27 | 4.77 | 5.04 | (0.30) | — | (0.30) | |
Year Ended June 30, 2016 | 29.84 | 0.27 | (0.99) | (0.72) | (0.17) | (0.29) | (0.46) | |
Class C |
||||||||
Year Ended June 30, 2020 | 35.29 | 0.32 | (5.04) | (4.72) | (0.26) | (0.93) | (1.19) | |
Year Ended June 30, 2019 | 35.20 | 0.38 | 1.68 | 2.06 | (0.28) | (1.69) | (1.97) | |
Year Ended June 30, 2018 | 33.20 | 0.18(d) | 2.24 | 2.42 | (0.07) | (0.35) | (0.42) | |
Year Ended June 30, 2017 | 28.52 | 0.11 | 4.74 | 4.85 | (0.17) | — | (0.17) | |
Year Ended June 30, 2016 | 29.72 | 0.14 | (0.99) | (0.85) | (0.06) | (0.29) | (0.35) | |
Class I |
||||||||
Year Ended June 30, 2020 | 35.67 | 0.57 | (5.06) | (4.49) | (0.54) | (0.93) | (1.47) | |
Year Ended June 30, 2019 | 35.60 | 0.62 | 1.70 | 2.32 | (0.56) | (1.69) | (2.25) | |
Year Ended June 30, 2018 | 33.62 | 0.44(d) | 2.28 | 2.72 | (0.39) | (0.35) | (0.74) | |
Year Ended June 30, 2017 | 28.86 | 0.35 | 4.80 | 5.15 | (0.39) | — | (0.39) | |
Year Ended June 30, 2016 | 29.99 | 0.33 | (0.98) | (0.65) | (0.19) | (0.29) | (0.48) | |
Class L |
||||||||
Year Ended June 30, 2020 | 35.69 | 0.63 | (5.07) | (4.44) | (0.59) | (0.93) | (1.52) | |
Year Ended June 30, 2019 | 35.62 | 0.72 | 1.64 | 2.36 | (0.60) | (1.69) | (2.29) | |
Year Ended June 30, 2018 | 33.63 | 0.50(d) | 2.29 | 2.79 | (0.45) | (0.35) | (0.80) | |
Year Ended June 30, 2017 | 28.86 | 0.41 | 4.82 | 5.23 | (0.46) | — | (0.46) | |
Year Ended June 30, 2016 | 30.06 | 0.43 | (1.02) | (0.59) | (0.32) | (0.29) | (0.61) |
(a) | Calculated based upon average shares outstanding. |
(b) | Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions. |
(c) | Includes earnings credits and interest expense, if applicable, each of which is less than 0.005% unless otherwise noted. |
(d) | Net investment income (loss) may appear disproportionate among the classes due to the timing of recognition of income and changes in the relative size of the classes. |
Ratios/Supplemental data
|
|||||||
Ratios to average net
assets |
|||||||
Net asset value, end of period |
Total return (excludes sales charge) (b) |
Net
assets, end of period (000’s) |
Net expenses (c) |
Net investment income (loss) |
Expenses without waivers, reimbursements and earnings credits |
Portfolio turnover rate |
|
$ 29.53 | (13.60)% | $ 736,715 | 1.14% | 1.45% | 1.16% | 29% | |
35.46 | 7.00 | 1,231,325 | 1.14 | 1.59 | 1.25 | 15 | |
35.38 | 7.81 | 1,346,080 | 1.17 | 1.01(d) | 1.25 | 23 | |
33.40 | 17.60 | 1,432,370 | 1.24 | 0.85 | 1.36 | 24 | |
28.66 | (2.34) | 2,045,698 | 1.24 | 0.98 | 1.43 | 26 | |
29.38 | (14.04) | 332,229 | 1.64 | 0.94 | 1.66 | 29 | |
35.29 | 6.45 | 522,878 | 1.64 | 1.08 | 1.75 | 15 | |
35.20 | 7.27 | 591,602 | 1.67 | 0.51(d) | 1.75 | 23 | |
33.20 | 17.02 | 746,521 | 1.74 | 0.34 | 1.81 | 24 | |
28.52 | (2.82) | 728,800 | 1.74 | 0.49 | 1.85 | 26 | |
29.71 | (13.39) | 2,047,640 | 0.89 | 1.70 | 0.90 | 29 | |
35.67 | 7.28 | 2,445,747 | 0.89 | 1.76 | 0.99 | 15 | |
35.60 | 8.07 | 2,296,056 | 0.92 | 1.26(d) | 1.00 | 23 | |
33.62 | 17.89 | 2,165,577 | 0.99 | 1.09 | 1.04 | 24 | |
28.86 | (2.10) | 1,414,635 | 0.99 | 1.16 | 1.05 | 26 | |
29.73 | (13.26) | 1,593,954 | 0.74 | 1.85 | 0.75 | 29 | |
35.69 | 7.41 | 2,569,596 | 0.74 | 2.04 | 0.84 | 15 | |
35.62 | 8.29 | 3,255,993 | 0.74 | 1.42(d) | 0.85 | 23 | |
33.63 | 18.17 | 3,643,327 | 0.75 | 1.32 | 0.87 | 24 | |
28.86 | (1.87) | 5,901,818 | 0.74 | 1.50 | 0.88 | 26 |
Class |
Net Expense Ratio
|
Gross Expense Ratio
| |||
JPMorgan Market Expansion
Enhanced Index Fund |
A | 0.60% | 0.88% | ||
C | 1.10% | 1.39% | |||
I | 0.35% | 0.62% | |||
JPMorgan Mid Cap Growth
Fund |
A | 1.24% | 1.27% | ||
C | 1.75% | 1.75% | |||
I | 0.93% | 1.00% | |||
JPMorgan Mid Cap Value
Fund |
A | 1.24% | 1.24% | ||
C | 1.74% | 1.74% | |||
I | 0.99% | 0.99% | |||
L | 0.75% | 0.84% | |||
JPMorgan Small Cap Growth
Fund |
A | 1.25% | 1.28% | ||
C | 1.75% | 1.78% | |||
I | 1.00% | 1.02% | |||
L | 0.87% | 0.87% | |||
JPMorgan Small Cap Value
Fund |
A | 1.27% | 1.27% | ||
C | 1.74% | 1.78% | |||
I | 0.99% | 1.01% | |||
JPMorgan SMID Cap Equity
Fund |
A | 1.14% | 1.21% | ||
C | 1.64% | 1.71% | |||
I | 0.89% | 0.94% |
* | Effective January 1, 2010, the investment advisory business of JPMorgan Investment Advisors Inc. (JPMIA), which was the adviser for certain of the J.P. Morgan Funds, was transferred to JPMIM and JPMIM became the investment adviser for certain J.P. Morgan Funds that were previously advised by JPMIA. |
• | On 11/1/20, 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 Market Expansion
Enhanced Index Fund | |||||||||
Class A |
Class C
1 | ||||||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return | |
October 31, 2021 | $ 583 | -0.51% | -1.08% | -1.08% | $ 112 | 5.00% | 3.90% | 3.90% | |
October 31, 2022 | 89 | 4.46 | 2.99 | 4.12 | 147 | 10.25 | 7.65 | 3.61 | |
October 31, 2023 | 93 | 9.68 | 7.24 | 4.12 | 152 | 15.76 | 11.54 | 3.61 | |
October 31, 2024 | 96 | 15.17 | 11.66 | 4.12 | 158 | 21.55 | 15.56 | 3.61 | |
October 31, 2025 | 100 | 20.93 | 16.26 | 4.12 | 164 | 27.63 | 19.74 | 3.61 | |
October 31, 2026 | 104 | 26.97 | 21.05 | 4.12 | 169 | 34.01 | 24.06 | 3.61 | |
October 31, 2027 | 109 | 33.32 | 26.03 | 4.12 | 176 | 40.71 | 28.54 | 3.61 | |
October 31, 2028 | 113 | 39.99 | 31.23 | 4.12 | 182 | 47.75 | 33.18 | 3.61 | |
October 31, 2029 | 118 | 46.99 | 36.63 | 4.12 | 188 | 55.13 | 37.98 | 3.61 | |
October 31, 2030 | 123 | 54.34 | 42.26 | 4.12 | 195 | 62.89 | 42.97 | 3.61 |
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 October 31, 2021) would be as follows: |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
||
$212 | 4.00% | 2.90% | 2.90% |
Class I | ||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
October 31, 2021 | $ 36 | 5.00% | 4.65% | 4.65% |
October 31, 2022 | 66 | 10.25 | 9.23 | 4.38 |
October 31, 2023 | 69 | 15.76 | 14.02 | 4.38 |
October 31, 2024 | 72 | 21.55 | 19.01 | 4.38 |
October 31, 2025 | 75 | 27.63 | 24.22 | 4.38 |
October 31, 2026 | 79 | 34.01 | 29.67 | 4.38 |
October 31, 2027 | 82 | 40.71 | 35.35 | 4.38 |
October 31, 2028 | 86 | 47.75 | 41.27 | 4.38 |
October 31, 2029 | 90 | 55.13 | 47.46 | 4.38 |
October 31, 2030 | 93 | 62.89 | 53.92 | 4.38 |
JPMorgan Mid Cap Growth
Fund | |||||||||
Class A |
Class C
1 | ||||||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return | |
October 31, 2021 | $645 | -0.51% | -1.69% | -1.69% | $ 178 | 5.00% | 3.25% | 3.25% | |
October 31, 2022 | 127 | 4.46 | 1.98 | 3.73 | 184 | 10.25 | 6.61 | 3.25 | |
October 31, 2023 | 132 | 9.68 | 5.78 | 3.73 | 190 | 15.76 | 10.07 | 3.25 | |
October 31, 2024 | 137 | 15.17 | 9.73 | 3.73 | 196 | 21.55 | 13.65 | 3.25 | |
October 31, 2025 | 142 | 20.93 | 13.82 | 3.73 | 202 | 27.63 | 17.34 | 3.25 | |
October 31, 2026 | 147 | 26.97 | 18.07 | 3.73 | 209 | 34.01 | 21.15 | 3.25 | |
October 31, 2027 | 153 | 33.32 | 22.47 | 3.73 | 215 | 40.71 | 25.09 | 3.25 | |
October 31, 2028 | 158 | 39.99 | 27.04 | 3.73 | 222 | 47.75 | 29.16 | 3.25 | |
October 31, 2029 | 164 | 46.99 | 31.78 | 3.73 | 230 | 55.13 | 33.36 | 3.25 | |
October 31, 2030 | 170 | 54.34 | 36.69 | 3.73 | 237 | 62.89 | 37.69 | 3.25 |
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 October 31, 2021) would be as follows: |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
||
$278 | 4.00% | 2.25% | 2.25% |
Class I | ||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
October 31, 2021 | $ 95 | 5.00% | 4.07% | 4.07% |
October 31, 2022 | 106 | 10.25 | 8.23 | 4.00 |
October 31, 2023 | 110 | 15.76 | 12.56 | 4.00 |
October 31, 2024 | 115 | 21.55 | 17.06 | 4.00 |
October 31, 2025 | 119 | 27.63 | 21.75 | 4.00 |
October 31, 2026 | 124 | 34.01 | 26.62 | 4.00 |
October 31, 2027 | 129 | 40.71 | 31.68 | 4.00 |
October 31, 2028 | 134 | 47.75 | 36.95 | 4.00 |
October 31, 2029 | 140 | 55.13 | 42.43 | 4.00 |
October 31, 2030 | 145 | 62.89 | 48.12 | 4.00 |
JPMorgan Mid Cap Value
Fund | |||||||||
Class A |
Class C
1 | ||||||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return | |
October 31, 2021 | $645 | -0.51% | -1.69% | -1.69% | $ 177 | 5.00% | 3.26% | 3.26% | |
October 31, 2022 | 124 | 4.46 | 2.01 | 3.76 | 183 | 10.25 | 6.63 | 3.26 | |
October 31, 2023 | 129 | 9.68 | 5.84 | 3.76 | 189 | 15.76 | 10.10 | 3.26 | |
October 31, 2024 | 134 | 15.17 | 9.82 | 3.76 | 195 | 21.55 | 13.69 | 3.26 | |
October 31, 2025 | 139 | 20.93 | 13.95 | 3.76 | 201 | 27.63 | 17.40 | 3.26 | |
October 31, 2026 | 144 | 26.97 | 18.24 | 3.76 | 208 | 34.01 | 21.23 | 3.26 | |
October 31, 2027 | 149 | 33.32 | 22.68 | 3.76 | 214 | 40.71 | 25.18 | 3.26 | |
October 31, 2028 | 155 | 39.99 | 27.30 | 3.76 | 221 | 47.75 | 29.26 | 3.26 | |
October 31, 2029 | 161 | 46.99 | 32.08 | 3.76 | 229 | 55.13 | 33.47 | 3.26 | |
October 31, 2030 | 167 | 54.34 | 37.05 | 3.76 | 236 | 62.89 | 37.82 | 3.26 |
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 October 31, 2021) would be as follows: |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
||
$277 | 4.00% | 2.26% | 2.26% |
Class I |
Class L | ||||||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return | |
October 31, 2021 | $ 101 | 5.00% | 4.01% | 4.01% | $ 77 | 5.00% | 4.25% | 4.25% | |
October 31, 2022 | 105 | 10.25 | 8.18 | 4.01 | 89 | 10.25 | 8.59 | 4.16 | |
October 31, 2023 | 109 | 15.76 | 12.52 | 4.01 | 93 | 15.76 | 13.10 | 4.16 | |
October 31, 2024 | 114 | 21.55 | 17.03 | 4.01 | 97 | 21.55 | 17.81 | 4.16 | |
October 31, 2025 | 118 | 27.63 | 21.72 | 4.01 | 101 | 27.63 | 22.71 | 4.16 | |
October 31, 2026 | 123 | 34.01 | 26.60 | 4.01 | 105 | 34.01 | 27.81 | 4.16 | |
October 31, 2027 | 128 | 40.71 | 31.68 | 4.01 | 110 | 40.71 | 33.13 | 4.16 | |
October 31, 2028 | 133 | 47.75 | 36.96 | 4.01 | 114 | 47.75 | 38.67 | 4.16 | |
October 31, 2029 | 138 | 55.13 | 42.45 | 4.01 | 119 | 55.13 | 44.44 | 4.16 | |
October 31, 2030 | 144 | 62.89 | 48.17 | 4.01 | 124 | 62.89 | 50.45 | 4.16 |
JPMorgan Small Cap Growth
Fund | |||||||||
Class A |
Class C
1 | ||||||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return | |
October 31, 2021 | $646 | -0.51% | -1.70% | -1.70% | $ 178 | 5.00% | 3.25% | 3.25% | |
October 31, 2022 | 128 | 4.46 | 1.96 | 3.72 | 187 | 10.25 | 6.57 | 3.22 | |
October 31, 2023 | 133 | 9.68 | 5.75 | 3.72 | 193 | 15.76 | 10.01 | 3.22 | |
October 31, 2024 | 138 | 15.17 | 9.69 | 3.72 | 199 | 21.55 | 13.55 | 3.22 | |
October 31, 2025 | 143 | 20.93 | 13.77 | 3.72 | 205 | 27.63 | 17.20 | 3.22 | |
October 31, 2026 | 148 | 26.97 | 18.00 | 3.72 | 212 | 34.01 | 20.98 | 3.22 | |
October 31, 2027 | 154 | 33.32 | 22.39 | 3.72 | 219 | 40.71 | 24.87 | 3.22 | |
October 31, 2028 | 160 | 39.99 | 26.94 | 3.72 | 226 | 47.75 | 28.90 | 3.22 | |
October 31, 2029 | 166 | 46.99 | 31.66 | 3.72 | 233 | 55.13 | 33.05 | 3.22 | |
October 31, 2030 | 172 | 54.34 | 36.56 | 3.72 | 241 | 62.89 | 37.33 | 3.22 |
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 October 31, 2021) would be as follows: |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
||
$278 | 4.00% | 2.25% | 2.25% |
Class I |
Class L | ||||||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return | |
October 31, 2021 | $ 102 | 5.00% | 4.00% | 4.00% | $ 89 | 5.00% | 4.13% | 4.13% | |
October 31, 2022 | 108 | 10.25 | 8.14 | 3.98 | 92 | 10.25 | 8.43 | 4.13 | |
October 31, 2023 | 112 | 15.76 | 12.44 | 3.98 | 96 | 15.76 | 12.91 | 4.13 | |
October 31, 2024 | 117 | 21.55 | 16.92 | 3.98 | 100 | 21.55 | 17.57 | 4.13 | |
October 31, 2025 | 122 | 27.63 | 21.57 | 3.98 | 104 | 27.63 | 22.43 | 4.13 | |
October 31, 2026 | 126 | 34.01 | 26.41 | 3.98 | 109 | 34.01 | 27.48 | 4.13 | |
October 31, 2027 | 132 | 40.71 | 31.44 | 3.98 | 113 | 40.71 | 32.75 | 4.13 | |
October 31, 2028 | 137 | 47.75 | 36.67 | 3.98 | 118 | 47.75 | 38.23 | 4.13 | |
October 31, 2029 | 142 | 55.13 | 42.11 | 3.98 | 123 | 55.13 | 43.94 | 4.13 | |
October 31, 2030 | 148 | 62.89 | 47.77 | 3.98 | 128 | 62.89 | 49.89 | 4.13 |
JPMorgan Small Cap Value
Fund | |||||||||
Class A |
Class C
1 | ||||||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return | |
October 31, 2021 | $648 | -0.51% | -1.72% | -1.72% | $ 177 | 5.00% | 3.26% | 3.26% | |
October 31, 2022 | 127 | 4.46 | 1.95 | 3.73 | 187 | 10.25 | 6.58 | 3.22 | |
October 31, 2023 | 132 | 9.68 | 5.75 | 3.73 | 193 | 15.76 | 10.02 | 3.22 | |
October 31, 2024 | 137 | 15.17 | 9.70 | 3.73 | 199 | 21.55 | 13.56 | 3.22 | |
October 31, 2025 | 142 | 20.93 | 13.79 | 3.73 | 205 | 27.63 | 17.22 | 3.22 | |
October 31, 2026 | 147 | 26.97 | 18.03 | 3.73 | 212 | 34.01 | 20.99 | 3.22 | |
October 31, 2027 | 153 | 33.32 | 22.44 | 3.73 | 219 | 40.71 | 24.89 | 3.22 | |
October 31, 2028 | 158 | 39.99 | 27.00 | 3.73 | 226 | 47.75 | 28.91 | 3.22 | |
October 31, 2029 | 164 | 46.99 | 31.74 | 3.73 | 233 | 55.13 | 33.06 | 3.22 | |
October 31, 2030 | 170 | 54.34 | 36.65 | 3.73 | 241 | 62.89 | 37.34 | 3.22 |
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 October 31, 2021) would be as follows: |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
||
$277 | 4.00% | 2.26% | 2.26% |
Class I | ||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
October 31, 2021 | $ 101 | 5.00% | 4.01% | 4.01% |
October 31, 2022 | 107 | 10.25 | 8.16 | 3.99 |
October 31, 2023 | 111 | 15.76 | 12.48 | 3.99 |
October 31, 2024 | 116 | 21.55 | 16.96 | 3.99 |
October 31, 2025 | 120 | 27.63 | 21.63 | 3.99 |
October 31, 2026 | 125 | 34.01 | 26.48 | 3.99 |
October 31, 2027 | 130 | 40.71 | 31.53 | 3.99 |
October 31, 2028 | 135 | 47.75 | 36.78 | 3.99 |
October 31, 2029 | 141 | 55.13 | 42.24 | 3.99 |
October 31, 2030 | 147 | 62.89 | 47.91 | 3.99 |
JPMorgan SMID Cap Equity
Fund | |||||||||
Class A |
Class C
1 | ||||||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return | |
October 31, 2021 | $635 | -0.51% | -1.59% | -1.59% | $ 167 | 5.00% | 3.36% | 3.36% | |
October 31, 2022 | 114 | 4.46 | 2.21 | 3.86 | 172 | 10.25 | 6.83 | 3.36 | |
October 31, 2023 | 126 | 9.68 | 6.08 | 3.79 | 186 | 15.76 | 10.35 | 3.29 | |
October 31, 2024 | 131 | 15.17 | 10.10 | 3.79 | 192 | 21.55 | 13.98 | 3.29 | |
October 31, 2025 | 136 | 20.93 | 14.27 | 3.79 | 198 | 27.63 | 17.73 | 3.29 | |
October 31, 2026 | 141 | 26.97 | 18.60 | 3.79 | 205 | 34.01 | 21.60 | 3.29 | |
October 31, 2027 | 146 | 33.32 | 23.10 | 3.79 | 211 | 40.71 | 25.60 | 3.29 | |
October 31, 2028 | 152 | 39.99 | 27.76 | 3.79 | 218 | 47.75 | 29.73 | 3.29 | |
October 31, 2029 | 158 | 46.99 | 32.61 | 3.79 | 225 | 55.13 | 34.00 | 3.29 | |
October 31, 2030 | 163 | 54.34 | 37.63 | 3.79 | 233 | 62.89 | 38.41 | 3.29 |
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 October 31, 2021) would be as follows: |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
||
$267 | 4.00% | 2.36% | 2.36% |
Class I | ||||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
October 31, 2021 | $ 91 | 5.00% | 4.11% | 4.11% |
October 31, 2022 | 95 | 10.25 | 8.39 | 4.11 |
October 31, 2023 | 104 | 15.76 | 12.79 | 4.06 |
October 31, 2024 | 108 | 21.55 | 17.37 | 4.06 |
October 31, 2025 | 113 | 27.63 | 22.13 | 4.06 |
October 31, 2026 | 117 | 34.01 | 27.09 | 4.06 |
October 31, 2027 | 122 | 40.71 | 32.25 | 4.06 |
October 31, 2028 | 127 | 47.75 | 37.62 | 4.06 |
October 31, 2029 | 132 | 55.13 | 43.21 | 4.06 |
October 31, 2030 | 137 | 62.89 | 49.02 | 4.06 |
• | Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEPs, Simple IRAs, SARSEPs or Keogh plans. |
• | Shares purchased through an Ameriprise Financial investment advisory program (if an advisory or similar share class for such investment advisory program is not available). |
• | Shares purchased by third party investment advisors on behalf of their advisory clients through Ameriprise Financial’s platform (if an advisory or similar share class for such investment advisory program is not available). |
• | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same Fund (but not any other fund within the same fund family). |
• | Shares exchanged from Class C Shares of the same fund in the month of or following the 10-year anniversary of the purchase date. |
• | Employees and registered representatives of Ameriprise Financial or its affiliates and their immediate family members. |
• | Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined by Ameriprise as an Ameriprise Financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, daughter, step son, step daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant. |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e. Ameriprise Rights of Reinstatement). |
• | Shares purchased within the same fund family through a systematic reinvestment of capital gains and dividend distributions. |
• | Employees and registered representatives of D.A. Davidson or its affiliates and their family members as designated by D.A. Davidson. |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as Rights of Reinstatement). |
• | A shareholder in a Fund’s Class C Shares will have their shares exchanged at net asset value to Class A Shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the exchange is consistent with D.A. Davidson’s policies and procedures. |
• | 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. |
• | Breakpoints as described in this prospectus. |
• | Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at D.A. Davidson. Eligible fund family assets not held at D.A. Davidson may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial advisor about such assets. |
• | Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at D.A. Davidson may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such assets. |
• | The applicable sales charge on a purchase of Class A Shares is determined by taking into account all share classes (except any money market funds and retirement plan share classes) of the J.P. Morgan Funds held by the shareholder or in an account grouped by Edward Jones with other accounts for the purpose of providing certain pricing considerations ("pricing groups"). This includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible fund family assets in the rights of accumulation calculation is dependent on the shareholder notifying his or her financial advisor of such assets at the time of calculation. |
• | ROA is determined by calculating the higher of cost or market value (current shares x NAV). |
• | Through a LOI, shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front‐end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the shareholder notifying his or her financial advisor of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not covered under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. |
• | 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. |
• | Shares exchanged into Class A Shares from another share class so long as the exchange is into the same Fund and was initiated at the discretion of Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in a Fund’s prospectus. |
• | Exchanges from Class C Shares to Class A Shares of the same Fund, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of Edward Jones. |
• | 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 Class A Shares. |
• | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same Fund (but not any other Fund within the fund family). |
• | Shares purchased by employees and registered representatives of Janney or its affiliates and their family members as designated by Janney. |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., right of reinstatement). |
• | Shares purchased through Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans. |
• | Shares acquired through a right of reinstatement. |
• | Class C Shares that are no longer subject to a contingent deferred sales charge and are exchanged into Class A Shares of the same Fund pursuant to Janney’s policies and procedures. |
• | 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. |
• | Breakpoints as described in a Fund’s Prospectus. |
• | Rights of accumulation (“ROA”), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Janney. Eligible fund family assets not held at Janney may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets. |
• | Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Janney may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such assets. |
• | Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEPs, Simple IRAs, SARSEPs or Keogh plans. |
• | Morgan Stanley employees and employee-related accounts according to Morgan Stanley’s account linking rules. |
• | Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund. |
• | Shares purchased through a Morgan Stanley self-directed brokerage account. |
• | Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are exchanged into Class A Shares of the same fund pursuant to Morgan Stanley Wealth Management’s share class conversion program. |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge. |
• | Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan. |
• | Shares purchased through a OPCO affiliated investment advisory program. |
• | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family). |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Restatement). |
• | A shareholder in the Fund’s Class C shares will have their shares exchanged at net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the exchange is in line with the policies and procedures of OPCO. |
• | Employees and registered representatives of OPCO or its affiliates and their family members. |
• | Directors or Trustees of the Fund, and employees of the Fund’s investment adviser or any of its affiliates, as described in this prospectus. |
• | 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. |
• | Breakpoints as described in this prospectus. |
• | Rights of Accumulation (“ROA”) and Letters of Intent (“LOI”), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at OPCO. Eligible fund family assets not held at OPCO may be included in the ROA or LOI calculation only if the shareholder notifies his or her financial advisor about such assets. |
• | Shares purchased in an investment advisory program. |
• | Shares purchased within the same fund family through a systematic reinvestment of capital gains and dividend distributions. |
• | Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James. |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). |
• | A shareholder in a Fund’s Class C Shares will have their shares converted at net asset value to Class A Shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James. |
• | 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. |
• | Breakpoints as described in this prospectus. |
• | Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Raymond James. Eligible fund family assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial advisor about such assets. |
• | Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such assets. |
• | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund. |
• | Shares purchased by employees and registers representatives of Baird or its affiliate and their family members as designated by Baird. |
• | Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement). |
• | A shareholder in the Fund’s Class C Shares will have their shares exchanged at net asset value to Class A Shares of the Fund if the shares are no longer subject to CDSC and the exchange is in line with the policies and procedures of Baird. |
• | Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs. |
• | 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. |
• | Breakpoints as described in this prospectus. |
• | Rights of accumulations which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Baird. Eligible fund family assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets. |
• | Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases within a fund family, through Baird, over a 13-month period of time. |