| |
|
Investor |
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INVESTOR
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INVESTOR
SHARES |
% |
% |
% |
For
Investor Shares | |
To
establish an account |
$1,000,000 |
To
add to an account |
No
minimum levels |
| |
|
Investor |
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INVESTOR
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INVESTOR
SHARES |
% |
% |
% |
For
Investor Shares |
|
To
establish an account |
$1,000,000 |
To
add to an account |
No
minimum levels |
| |
|
Investor |
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INVESTOR
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INVESTOR
SHARES |
% |
% |
% |
For
Investor Shares | |
To
establish an account |
$1,000,000 |
To
add to an account |
No
minimum levels |
FUNDAMENTAL
INVESTMENT OBJECTIVES |
An
investment objective is fundamental if it cannot be changed without the
consent of a majority of the outstanding shares of the
Fund.
The investment objective for each of the Liquid Assets Money Market Fund,
U.S. Government Money Market Fund and
U.S.
Treasury Plus Money Market Fund is
fundamental. |
|
U.S.
Government
Money
Market Fund |
U.S.
Treasury Plus
Money
Market Fund |
Liquid
Assets
Money
Market Fund |
Asia
Pacific Market Risk |
|
|
○ |
Asset-Backed,
Mortgage-Related and Mortgage-Backed Securi-
ties
Risk |
• |
|
• |
Concentration
Risk |
|
|
• |
Credit
Risk |
• |
• |
• |
Cyber
Security Risk |
○ |
○ |
○ |
European
Market Risk |
|
|
○ |
Floating
and Variable Rate Securities Risk |
• |
○ |
• |
Foreign
Securities Risk |
|
|
• |
General
Market Risk |
• |
• |
• |
Geographic
Focus Risk |
|
|
• |
Government
Securities Risk |
• |
• |
• |
Industry
and Sector Focus Risk |
|
|
• |
Interest
Rate Risk |
• |
• |
• |
Interfund
Lending Risk |
• |
|
• |
Japan
Risk |
|
|
○ |
LIBOR
Discontinuance or Unavailability Risk |
|
|
• |
Municipal
Obligations Risk |
|
|
• |
Net
Asset Value Risk |
• |
• |
• |
Prepayment
Risk |
• |
• |
• |
Privately
Placed Securities Risk |
|
|
• |
Regulatory
and Legal Risk |
○ |
○ |
○ |
Repurchase
Agreement Risk |
• |
• |
• |
Risk
Associated with the Fund Holding Cash |
• |
• |
• |
Risk
of Regulation of Money Market Funds |
• |
• |
• |
State
and Local Taxation Risk |
• |
|
|
Transactions
and Liquidity Risk |
• |
• |
• |
Volcker
Rule Risk |
○ |
○ |
○
|
|
U.S.
Government
Money
Market Fund |
U.S.
Treasury Plus
Money
Market Fund |
Liquid
Assets
Money
Market Fund |
When-Issued,
Delayed Settlement and Forward Commitment
Transactions
Risk |
• |
|
• |
U.S.
Government Money Market Fund |
0.08% |
U.S.
Treasury Plus Money Market Fund |
0.08 |
Liquid
Assets Money Market Fund |
0.08 |
IMPORTANT
TAX REPORTING CONSIDERATIONS |
Your
Financial Intermediary or the Funds (if you hold your shares in a Fund
direct account) is required to report gains and losses to
the
IRS in connection with redemptions of shares by S corporations purchased
after January 1, 2012. If a shareholder is a corporation
and
has not instructed the Fund that it is a C corporation in its account
application or by written instruction to J.P. Morgan Funds
Services,
P.O. Box 219143, Kansas City, MO 64121-9145, the Funds will treat the
shareholder as an S corporation and file a Form
1099-B. |
|
Per
share operating performance | |||||
|
|
Investment
operations |
Distributions |
| ||
|
Net asset
value,
beginning
of
period |
Net
investment
income
(loss)(a) |
Net
realized
and
unrealized
gains
(losses) on
investments |
Total from
investment
operations |
Net
investment
income |
Net asset
value,
end of
period |
JPMorgan
U.S. Government Money Market Fund |
|
|
|
|
|
|
Investor |
|
|
|
|
|
|
Year
Ended February 29, 2024 |
$1.00 |
$0.05 |
$—(c) |
$0.05 |
$(0.05) |
$1.00 |
Year
Ended February 28, 2023 |
1.00 |
0.02 |
—(c) |
0.02 |
(0.02) |
1.00 |
Year
Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
1.00 |
Year
Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
1.00 |
Year
Ended February 29, 2020 |
1.00 |
0.02 |
—(c) |
0.02 |
(0.02) |
1.00 |
Voluntary
waivers were as follows: |
February
29, 2024 |
February
28, 2023 |
February
28, 2022 |
February
28, 2021 |
February
29, 2020 |
Investor |
— |
0.03% |
0.41% |
0.25% |
— |
Ratios/Supplemental
data | ||||
|
|
Ratios
to average net assets | ||
Total
return |
Net assets,
end of
period
(000's) |
Net
expenses(b) |
Net
investment
income
(loss) |
Expenses
without
waivers and
reimbursements |
|
|
|
|
|
|
|
|
|
|
4.87% |
$2,056,169 |
0.48% |
4.76% |
0.48% |
1.90 |
2,406,713 |
0.46(d) |
1.98 |
0.48 |
0.00(e) |
1,858,457 |
0.07(d) |
0.00(e) |
0.48 |
0.05 |
842,931 |
0.24(d) |
0.04 |
0.48 |
1.63 |
684,791 |
0.50 |
1.68 |
0.50 |
|
Per
share operating performance | |||||
|
|
Investment
operations |
Distributions |
| ||
|
Net asset
value,
beginning
of
period |
Net
investment
income
(loss)(a) |
Net
realized
and
unrealized
gains
(losses) on
investments |
Total from
investment
operations |
Net
investment
income |
Net asset
value,
end of
period |
JPMorgan
U.S. Treasury Plus Money Market Fund |
|
|
|
|
|
|
Investor |
|
|
|
|
|
|
Year
Ended February 29, 2024 |
$1.00 |
$0.05 |
$—(c) |
$0.05 |
$(0.05) |
$1.00 |
Year
Ended February 28, 2023 |
1.00 |
0.02 |
—(c) |
0.02 |
(0.02) |
1.00 |
Year
Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
1.00 |
Year
Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
1.00 |
Year
Ended February 29, 2020 |
1.00 |
0.02 |
—(c) |
0.02 |
(0.02) |
1.00 |
Voluntary
waivers were as follows: |
February
29, 2024 |
February
28, 2023 |
February
28, 2022 |
February
28, 2021 |
February
29, 2020 |
Investor |
— |
0.04% |
0.42% |
0.22% |
— |
Ratios/Supplemental
data | ||||
|
|
Ratios
to average net assets | ||
Total
return |
Net assets,
end of
period
(000's) |
Net
expenses(b) |
Net
investment
income
(loss) |
Expenses
without
waivers and
reimbursements |
|
|
|
|
|
|
|
|
|
|
4.86% |
$15,980 |
0.48% |
4.74% |
0.48% |
1.88 |
15,976 |
0.45(d) |
1.90 |
0.49 |
0.00(e) |
16,665 |
0.07(d) |
0.00(e) |
0.48 |
0.04 |
16,604 |
0.27(d) |
0.05 |
0.54 |
1.61 |
29,937 |
0.50 |
1.60 |
0.50 |
|
Per
share operating performance | ||||||
|
|
Investment
operations |
Distributions | ||||
|
Net asset
value,
beginning
of
period |
Net
investment
income
(loss)(a) |
Net
realized
and
unrealized
gains
(losses) on
investments |
Total from
investment
operations |
Net
investment
income |
Net
realized
gain |
Total
distributions |
JPMorgan
Liquid Assets Money Market Fund |
|
|
|
|
|
|
|
Investor |
|
|
|
|
|
|
|
Year
Ended February 29, 2024 |
$1.00 |
$0.05 |
$—(c) |
$0.05 |
$(0.05) |
$— |
$(0.05) |
Year
Ended February 28, 2023 |
1.00 |
0.02 |
—(c) |
0.02 |
(0.02) |
— |
(0.02) |
Year
Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
— |
—(c) |
Year
Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year
Ended February 29, 2020 |
1.00 |
0.02 |
—(c) |
0.02 |
(0.02) |
—(c) |
(0.02) |
Voluntary
waivers were as follows: |
February
29, 2024 |
February
28, 2023 |
February
28, 2022 |
February
28, 2021 |
February
29, 2020 |
Investor |
— |
0.02% |
0.32% |
0.16% |
— |
|
Ratios/Supplemental
data | ||||
|
|
|
Ratios
to average net assets | ||
Net asset
value,
end of
period |
Total
return |
Net assets,
end of
period
(000's) |
Net
expenses(b) |
Net
investment
income
(loss) |
Expenses
without
waivers and
reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
5.04% |
$6,631 |
0.49% |
5.05% |
0.50% |
1.00 |
2.10 |
3,013 |
0.48(d) |
2.43 |
0.49 |
1.00 |
0.01 |
1,804 |
0.17(d) |
0.01 |
0.50 |
1.00 |
0.17 |
6,189 |
0.34(d) |
0.16 |
0.58 |
1.00 |
1.81 |
7,904 |
0.51 |
1.78 |
0.52 |
|
|
|
|
|
Class |
Net
Expense Ratio |
Gross
Expense Ratio |
JPMorgan
U.S. Government Money Market Fund |
Investor |
0.48
% |
0.48
% |
JPMorgan
U.S. Treasury Plus Money Market Fund |
Investor |
0.48
% |
0.48
% |
JPMorgan
Liquid Assets Money Market Fund |
Investor |
0.50
% |
0.50
% |
JPMorgan
U.S. Government Money Market Fund | ||||
|
Investor
Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June
30, 2025 |
$49 |
5.00% |
4.52% |
4.52% |
June
30, 2026 |
51 |
10.25 |
9.24 |
4.52 |
June
30, 2027 |
54 |
15.76 |
14.18 |
4.52 |
June
30, 2028 |
56 |
21.55 |
19.34 |
4.52 |
June
30, 2029 |
59 |
27.63 |
24.74 |
4.52 |
June
30, 2030 |
61 |
34.01 |
30.38 |
4.52 |
June
30, 2031 |
64 |
40.71 |
36.27 |
4.52 |
June
30, 2032 |
67 |
47.75 |
42.43 |
4.52 |
June
30, 2033 |
70 |
55.13 |
48.87 |
4.52 |
June
30, 2034 |
73 |
62.89 |
55.59 |
4.52 |
JPMorgan
U.S. Treasury Plus Money Market Fund | ||||
|
Investor
Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June
30, 2025 |
$49 |
5.00% |
4.52% |
4.52% |
June
30, 2026 |
51 |
10.25 |
9.24 |
4.52 |
June
30, 2027 |
54 |
15.76 |
14.18 |
4.52 |
June
30, 2028 |
56 |
21.55 |
19.34 |
4.52 |
June
30, 2029 |
59 |
27.63 |
24.74 |
4.52 |
June
30, 2030 |
61 |
34.01 |
30.38 |
4.52 |
June
30, 2031 |
64 |
40.71 |
36.27 |
4.52 |
June
30, 2032 |
67 |
47.75 |
42.43 |
4.52 |
June
30, 2033 |
70 |
55.13 |
48.87 |
4.52 |
June
30, 2034 |
73 |
62.89 |
55.59 |
4.52 |
JPMorgan
Liquid Assets Money Market Fund | ||||
|
Investor
Shares | |||
Period
Ended |
Annual
Costs |
Gross
Cumulative
Return |
Net
Cumulative
Return |
Net
Annual
Return |
June
30, 2025 |
$51 |
5.00% |
4.50% |
4.50% |
June
30, 2026 |
53 |
10.25 |
9.20 |
4.50 |
June
30, 2027 |
56 |
15.76 |
14.12 |
4.50 |
June
30, 2028 |
58 |
21.55 |
19.25 |
4.50 |
June
30, 2029 |
61 |
27.63 |
24.62 |
4.50 |
June
30, 2030 |
64 |
34.01 |
30.23 |
4.50 |
June
30, 2031 |
67 |
40.71 |
36.09 |
4.50 |
June
30, 2032 |
70 |
47.75 |
42.21 |
4.50 |
June
30, 2033 |
73 |
55.13 |
48.61 |
4.50 |
June
30, 2034 |
76 |
62.89 |
55.30 |
4.50 |