UNDER THE SECURITIES ACT OF 1933 |
☒ |
Pre-Effective Amendment No. |
☐ |
Post-Effective Amendment No. 675 |
☒ |
UNDER THE INVESTMENT COMPANY ACT OF 1940 |
☒ |
Amendment No. 676 |
☒ |
Anthony Geron, Esq. JPMorgan Chase & Co. 277 Park Avenue New York, New York, 10172 |
Jon S. Rand, Esq. Dechert LLP 1095 Avenue of the Americas New York, NY 10036 |
☐ |
immediately upon filing pursuant to paragraph (b) |
☒ |
on |
☐ |
60 days after filing pursuant to paragraph (a)(1) |
☐ |
on (date) pursuant to paragraph (a)(1) |
☐ |
75 days after filing pursuant to paragraph (a)(2) |
☐ |
on (date) pursuant to paragraph (a)(2) |
☐ |
The post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
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Academy |
Management Fees |
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Other Expenses |
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Service Fees |
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Remainder of Other Expenses |
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Total Annual Fund Operating Expenses |
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1 Year |
3 Years |
5 Years |
10 Years |
ACADEMY SHARES ($) |
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Past 1 Year |
Past 5 Years |
Past 10 Years |
ACADEMY SHARES |
% |
% |
% |
For Academy Shares |
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To establish a regular account |
$5,000,000 |
To add to an account |
No minimum |
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Academy |
Management Fees |
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Other Expenses |
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Service Fees |
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Remainder of Other Expenses |
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Total Annual Fund Operating Expenses |
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1 Year |
3 Years |
5 Years |
10 Years |
ACADEMY SHARES ($) |
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Past 1 Year |
Past 5 Years |
Past 10 Years |
ACADEMY SHARES |
% |
% |
% |
For Academy Shares |
|
To establish a regular account |
$5,000,000 |
To add to an account |
No minimum |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Academy |
Management Fees |
0.08% |
Other Expenses |
0.10 |
Service Fees |
0.05 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.18 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
ACADEMY SHARES ($) |
18 |
58 |
101 |
230 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.32% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q and 3Q 2015 |
0.00% |
|
4Q 2020 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.30% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
ACADEMY SHARES |
5.01 % |
1.79 % |
1.17 % |
For Academy Shares |
|
To establish a regular account |
$5,000,000 |
To add to an account |
No minimum |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Academy |
Management Fees |
0.08% |
Other Expenses |
0.10 |
Service Fees |
0.05 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.18 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
ACADEMY SHARES ($) |
18 |
58 |
101 |
230 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.32% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 4Q 2020 2Q, 3Q and |
0.00% |
|
4Q 2021 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.30% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
ACADEMY SHARES |
5.01 % |
1.76 % |
1.14 % |
For Academy Shares |
|
To establish a regular account |
$5,000,000 |
To add to an account |
No minimum |
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 Funds. The investment objective for the U.S. Government Money Market Fund is fundamental. The investment objective for the Prime Money Market Fund is not fundamental and may be changed without the consent of a majority of the outstanding shares of the Fund. |
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Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
Asia Pacific Market Risk |
○ |
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Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk |
• |
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• |
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Concentration Risk |
• |
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Credit Risk |
• |
• |
• |
• |
Cybersecurity Risk |
○ |
○ |
○ |
○ |
European Market Risk |
○ |
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Floating and Variable Rate Securities Risk |
• |
○ |
• |
○ |
Foreign Securities Risk |
• |
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General Market Risk |
• |
• |
• |
• |
Geographic Focus Risk |
○ |
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Government Securities Risk |
• |
• |
• |
• |
Industry and Sector Focus Risk |
• |
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Interest Rate Risk |
• |
• |
• |
• |
Interfund Lending Risk |
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• |
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Japan Risk |
○ |
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LIBOR Discontinuance or Unavailability Risk |
• |
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Municipal Obligations Risk |
• |
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Net Asset Value Risk |
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• |
• |
• |
Prepayment Risk |
• |
• |
• |
• |
Privately Placed Securities Risk |
• |
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Regulatory and Legal Risk |
○ |
○ |
○ |
○ |
Repurchase Agreement Risk |
• |
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• |
• |
Risk Associated with the Fund Holding Cash |
• |
• |
• |
• |
Risk of Regulation of Money Market Funds |
• |
• |
• |
• |
State and Local Taxation Risk |
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• |
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Transactions and Liquidity Risk |
• |
• |
• |
• |
Volcker Rule Risk |
○ |
○ |
○ |
○ |
When-Issued, Delayed Settlement and Forward Commitment Transactions Risk |
• |
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• |
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Prime Money Market Fund |
0.08% |
100% U.S. Treasury Securities Money Market Fund |
0.08 |
U.S. Government Money Market Fund |
0.08 |
U.S. Treasury Plus Money Market Fund |
0.08 |
Type of account |
Initial investment |
Subsequent investment |
Regular account |
$5,000,000 |
No minimum |
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. |
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Per share operating performance | ||||||
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Investment operations |
Distributions | ||||
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Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Prime Money Market Fund |
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Academy |
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Year Ended February 29, 2024 |
$1.0006 |
$0.0527 |
$(0.0001) |
$0.0526 |
$(0.0527) |
$— |
$(0.0527) |
Year Ended February 28, 2023 |
1.0003 |
0.0240 |
0.0003 |
0.0243 |
(0.0240) |
— |
(0.0240) |
Year Ended February 28, 2022 |
1.0006 |
0.0007 |
(0.0003) |
0.0004 |
(0.0007) |
— |
(0.0007) |
Year Ended February 28, 2021 |
1.0006 |
0.0036 |
—(e) |
0.0036 |
(0.0036) |
—(e) |
(0.0036) |
May 15, 2019 (f) through February 29, 2020 |
1.0003 |
0.0162 |
0.0003 |
0.0165 |
(0.0162) |
— |
(0.0162) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Academy |
— |
0.01% |
0.08% |
0.01% |
— |
|
Ratios/Supplemental data | ||||
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Ratios to average net assets(a) | ||
Net asset value, end of period |
Total return(b) |
Net assets, end of period (000's) |
Net expenses(c) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
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$1.0005 |
5.38% |
$786,157 |
0.18% |
5.23% |
0.18% |
1.0006 |
2.46 |
618,235 |
0.17(d) |
2.30 |
0.19 |
1.0003 |
0.04 |
918,415 |
0.10(d) |
0.07 |
0.19 |
1.0006 |
0.36 |
1,011,973 |
0.17(d) |
0.38 |
0.19 |
1.0006 |
1.66 |
150,519 |
0.18 |
1.69 |
0.26 |
|
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 100% U.S. Treasury Securities Money Market Fund |
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Academy |
|
|
|
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|
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|
Year Ended February 29, 2024 |
$1.00 |
$0.05 |
$—(e) |
$0.05 |
$(0.05) |
$— |
$(0.05) |
Year Ended February 28, 2023 |
1.00 |
0.02 |
—(e) |
0.02 |
(0.02) |
—(e) |
(0.02) |
Year Ended February 28, 2022 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
September 30, 2020 (g) through February 28, 2021 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
— |
—(e) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
Academy |
— |
—(a) |
0.12% |
0.08% |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets(a) | ||
Net asset value, end of period |
Total return(c) |
Net assets, end of period (000's) |
Net expenses(d) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
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$1.00 |
5.14% |
$149,126 |
0.17% |
5.06% |
0.18% |
1.00 |
2.10 |
100,272 |
0.18(f) |
2.20 |
0.19 |
1.00 |
0.01 |
131,020 |
0.05(f) |
0.01 |
0.18 |
1.00 |
0.00(h) |
17,600 |
0.10(f) |
0.01 |
0.21 |
|
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 asset value, end of period |
JPMorgan U.S. Government Money Market Fund |
|
|
|
|
|
|
Academy |
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.05 |
$—(e) |
$0.05 |
$(0.05) |
$1.00 |
Year Ended February 28, 2023 |
1.00 |
0.02 |
—(e) |
0.02 |
(0.02) |
1.00 |
Year Ended February 28, 2022 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
1.00 |
Year Ended February 28, 2021 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
1.00 |
May 15, 2019 (g) through February 29, 2020 |
1.00 |
0.01 |
—(e) |
0.01 |
(0.01) |
1.00 |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Academy |
— |
0.03% |
0.13% |
0.04% |
— |
Ratios/Supplemental data | ||||
|
|
Ratios to average net assets(a) | ||
Total return(c) |
Net assets, end of period (000's) |
Net expenses(d) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
5.19% |
$7,529,994 |
0.18% |
5.12% |
0.18% |
2.20 |
4,267,302 |
0.15(f) |
1.79 |
0.18 |
0.03 |
10,734,174 |
0.04(f) |
0.03 |
0.18 |
0.14 |
3,689,489 |
0.14(f) |
0.07 |
0.18 |
1.47 |
85,026 |
0.18 |
1.49 |
0.21 |
|
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 asset value, end of period |
JPMorgan U.S. Treasury Plus Money Market Fund |
|
|
|
|
|
|
Academy |
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.05 |
$—(e) |
$0.05 |
$(0.05) |
$1.00 |
Year Ended February 28, 2023 |
1.00 |
0.02 |
—(e) |
0.02 |
(0.02) |
1.00 |
Year Ended February 28, 2022 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
1.00 |
September 30, 2020 (g) through February 28, 2021 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
1.00 |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
Academy |
— |
0.03% |
0.14% |
0.05% |
Ratios/Supplemental data | ||||
|
|
Ratios to average net assets(a) | ||
Total return(c) |
Net assets, end of period (000's) |
Net expenses(d) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
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|
|
5.18% |
$2,124,743 |
0.18% |
5.18% |
0.18% |
2.18 |
153,500 |
0.15(f) |
2.60 |
0.19 |
0.01 |
100 |
0.04(f) |
0.01 |
0.19 |
0.01 |
17,600 |
0.07(f) |
0.03 |
0.23 |
|
|
|
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|
Class |
Net Expense Ratio |
Gross Expense Ratio |
JPMorgan Prime Money Market Fund |
Academy |
0.18 % |
0.18 % |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
Academy |
0.18 % |
0.18 % |
JPMorgan U.S. Government Money Market Fund |
Academy |
0.18 % |
0.18 % |
JPMorgan U.S. Treasury Plus Money Market Fund |
Academy |
0.18 % |
0.18 % |
JPMorgan Prime Money Market Fund | ||||
|
Academy Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan 100% U.S. Treasury Securities Money Market Fund | ||||
|
Academy Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan U.S. Government Money Market Fund | ||||
|
Academy Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan U.S. Treasury Plus Money Market Fund | ||||
|
Academy Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan Trust I |
811-21295 |
JPMorgan Trust II |
811-4236 |
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86 | |
86 | |
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90 | |
90 | |
91 | |
92 | |
94 | |
116 | |
Back cover |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Agency |
Management Fees |
0.08% |
Other Expenses |
0.24 |
Service Fees |
0.15 |
Remainder of Other Expenses |
0.09 |
Total Annual Fund Operating Expenses |
0.32 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.06 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.26 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
AGENCY SHARES ($) |
27 |
97 |
174 |
400 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
0.85% |
Worst Quarter |
4Q 2020 1Q 2021 |
-0.01% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.75% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past |
Past |
Life of Fund since |
|
1 Year |
5 Years |
03/01/2018 |
AGENCY SHARES |
3.06 % |
1.13 % |
1.14 % |
For Agency Shares | |
To establish an account |
$5,000,000 |
To add to an account |
No minimum levels |
| |
|
Agency |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
AGENCY SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
AGENCY SHARES |
% |
% |
% |
For Agency Shares | |
To establish an account |
$5,000,000 |
To add to an account |
No minimum levels |
| |
|
Agency |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
AGENCY SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
AGENCY SHARES |
% |
% |
% |
For Agency Shares | |
To establish an account |
$5,000,000 |
To add to an account |
No minimum levels |
| |
|
Agency |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
AGENCY SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
AGENCY SHARES |
% |
% |
% |
For Agency Shares | |
To establish an account |
$5,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Agency |
Management Fees |
0.08% |
Other Expenses |
0.20 |
Service Fees |
0.15 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.28 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.02 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.26 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
AGENCY SHARES ($) |
27 |
88 |
155 |
354 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.30% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 3Q and 4Q 2020 1Q, 2Q, 3Q and |
0.00% |
|
4Q 2021 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.28% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
AGENCY SHARES |
4.92 % |
1.72 % |
1.11 % |
For Agency Shares | |
To establish an account |
$5,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Agency |
Management Fees |
0.08% |
Other Expenses |
0.20 |
Service Fees |
0.15 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.28 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.02 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.26 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
AGENCY SHARES ($) |
27 |
88 |
155 |
354 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.30% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 3Q and 4Q 2020 1Q, 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.28% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
AGENCY SHARES |
4.92 % |
1.71 % |
1.10 % |
For Agency Shares | |
To establish an account |
$5,000,000 |
To add to an account |
No minimum levels |
| |
|
Agency |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
AGENCY SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
AGENCY SHARES |
% |
% |
% |
For Agency Shares | |
To establish an account |
$5,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Agency |
Management Fees |
0.08% |
Other Expenses |
0.21 |
Service Fees |
0.15 |
Remainder of Other Expenses |
0.06 |
Total Annual Fund Operating Expenses |
0.29 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.03 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.26 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
AGENCY SHARES ($) |
27 |
90 |
160 |
365 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.35% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q 2015 2Q, 3Q and |
0.00% |
|
4Q 2021 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.33% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
AGENCY SHARES |
5.12 % |
1.88 % |
1.27 % |
For Agency Shares | |
To establish an account |
$5,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Agency |
Management Fees |
0.08% |
Other Expenses |
0.21 |
Service Fees |
0.15 |
Remainder of Other Expenses |
0.06 |
Total Annual Fund Operating Expenses |
0.29 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.03 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.26 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
AGENCY SHARES ($) |
27 |
90 |
160 |
365 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
0.85% |
Worst Quarter |
1Q, 2Q and 3Q 2014 1Q, 2Q and 3Q 2015 1Q 2016 1Q, 2Q, 3Q and |
0.00% |
|
4Q 2021 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.77% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
AGENCY SHARES |
3.13 % |
1.16 % |
0.79 % |
For Agency Shares | |
To establish an account |
$5,000,000 |
To add to an account |
No minimum levels |
| |
|
Agency |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
AGENCY SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
AGENCY SHARES |
% |
% |
% |
For Agency Shares | |
To establish an account |
$5,000,000 |
To add to an account |
No minimum levels |
| |
|
Agency |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
AGENCY SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
AGENCY SHARES |
% |
% |
% |
For Agency Shares | |
To establish an account |
$5,000,000 |
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 U.S. Government Money Market Fund, U.S. Treasury Plus Money Market Fund, Liquid Assets Money Market Fund and Municipal Money Market Fund is fundamental. The investment objective for each of the Institutional Tax Free Money Market Fund, Prime Money Market Fund, 100% U.S. Treasury Securities Money Market Fund, Federal Money Market Fund, California Municipal Money Market Fund, New York Municipal Money Market Fund and Tax Free Money Market Fund is non- fundamental and may be changed without the consent of a majority of the outstanding shares of that Fund. |
|
Institutional Tax Free Money Market Fund |
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
Federal Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
California Municipal Money Market Fund |
Liquid Assets Money Market Fund |
Municipal Money Market Fund |
New York Municipal Money Market Fund |
Tax Free Money Market Fund |
Asia Pacific Market Risk |
|
○ |
|
|
|
|
|
○ |
|
|
|
Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk |
|
• |
|
• |
• |
|
|
• |
|
|
|
Concentration Risk |
|
• |
|
|
|
|
|
• |
|
|
|
Credit Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Cyber Security Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
European Market Risk |
|
○ |
|
|
|
|
|
○ |
|
|
|
Floating and Variable Rate Securities Risk |
• |
• |
○ |
• |
• |
○ |
• |
• |
• |
• |
• |
Foreign Securities Risk |
|
• |
|
|
|
|
|
• |
|
|
|
General Market Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Geographic Focus Risk |
|
○ |
|
|
|
|
• |
○ |
|
• |
|
Government Securities Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Industry and Sector Focus Risk |
• |
• |
|
|
|
|
• |
• |
• |
• |
• |
|
Institutional Tax Free Money Market Fund |
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
Federal Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
California Municipal Money Market Fund |
Liquid Assets Money Market Fund |
Municipal Money Market Fund |
New York Municipal Money Market Fund |
Tax Free Money Market Fund |
Interest Rate Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Interfund Lending Risk |
|
|
|
|
• |
|
|
• |
|
|
|
Japan Risk |
|
○ |
|
|
|
|
|
○ |
|
|
|
LIBOR Discontinuance and Unavailability Risk |
|
• |
|
|
|
|
|
• |
|
|
|
Municipal Focus Risk |
|
|
|
|
|
|
• |
|
|
• |
|
Municipal Obligations Risk |
• |
• |
|
|
|
|
• |
• |
• |
• |
• |
Net Asset Value Risk |
|
|
• |
• |
• |
• |
• |
• |
• |
• |
• |
Prepayment Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Privately Placed Securities Risk |
• |
• |
|
|
|
|
• |
• |
• |
• |
• |
Regulatory and Legal Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Repurchase Agreement Risk |
○ |
• |
|
|
• |
• |
○ |
• |
○ |
○ |
○ |
Risk Associated with the Fund Holding Cash |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Risk of California Obligations |
|
|
|
|
|
|
• |
|
|
|
|
Risk of New York Obligations |
|
|
|
|
|
|
|
|
|
• |
|
Risk of Regulation of Money Market Funds |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
State and Local Taxation Risk |
|
|
|
• |
• |
|
|
|
|
|
|
Structured Product Risk |
• |
|
|
|
|
|
• |
|
• |
• |
• |
Tax Risk |
• |
|
|
|
|
|
• |
|
• |
• |
• |
Transactions and Liquidity Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Volcker Rule Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
When-Issued, Delayed Settlement and Forward Commitment Transactions Risk |
○ |
• |
|
• |
• |
|
|
• |
|
|
|
Institutional Tax Free Money Market Fund |
0.08% |
Prime Money Market Fund |
0.08 |
100% U.S. Treasury Securities Money Market Fund |
0.08 |
Federal Money Market Fund |
0.08 |
U.S. Government Money Market Fund |
0.08 |
U.S. Treasury Plus Money Market Fund |
0.08 |
California Municipal Money Market Fund |
0.07 |
Liquid Assets Money Market Fund |
0.08 |
Municipal Money Market Fund |
0.08 |
New York Municipal Money Market Fund |
0.08 |
Tax Free Money Market Fund |
0.08 |
IMPORTANT TAX REPORTING CONSIDERATIONS |
Your Financial Intermediary or the Funds (if you hold your shares in a Fund direct account) is required to report gains and losses to the IRS in connection with redemptions of shares by S corporations purchased after January 1, 2012. If a shareholder is a corporation and has not instructed the Fund that it is a C corporation in its account application or by written instruction to J.P. Morgan Funds Services, P.O. Box 219143, Kansas City, MO 64121-9145, the Funds will treat the shareholder as an S corporation and file a Form 1099-B. |
|
|
Per share operating performance | |||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Institutional Tax Free Money Market Fund |
|
|
|
|
|
|
|
Agency |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0002 |
$0.0310 |
$—(b) |
$0.0310 |
$(0.0310) |
$— |
$(0.0310) |
Year Ended February 28, 2023 |
1.0003 |
0.0136 |
—(b) |
0.0136 |
(0.0136) |
(0.0001) |
(0.0137) |
Year Ended February 28, 2022 |
1.0005 |
0.0001 |
(0.0002) |
(0.0001) |
(0.0001) |
—(b) |
(0.0001) |
Year Ended February 28, 2021 |
1.0001 |
0.0023 |
0.0004 |
0.0027 |
(0.0023) |
—(b) |
(0.0023) |
Year Ended February 29, 2020 |
1.0000 |
0.0117 |
0.0001(d) |
0.0118 |
(0.0117) |
—(b) |
(0.0117) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Agency |
— |
—(a) |
0.16% |
0.02% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses(a) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0002 |
3.14% |
$96,104 |
0.26% |
3.10% |
0.32% |
1.0002 |
1.36 |
108,719 |
0.26(c) |
1.81 |
0.35 |
1.0003 |
(0.01) |
17,084 |
0.11(c) |
0.01 |
0.44 |
1.0005 |
0.27 |
23,163 |
0.24(c) |
0.25 |
0.36 |
1.0001 |
1.19 |
41,696 |
0.26 |
1.15 |
0.38 |
|
|
Per share operating performance | |||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Prime Money Market Fund |
|
|
|
|
|
|
|
Agency |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0009 |
$0.0518 |
$—(c) |
$0.0518 |
$(0.0518) |
$— |
$(0.0518) |
Year Ended February 28, 2023 |
1.0005 |
0.0231 |
0.0004 |
0.0235 |
(0.0231) |
— |
(0.0231) |
Year Ended February 28, 2022 |
1.0008 |
0.0001 |
(0.0003) |
(0.0002) |
(0.0001) |
— |
(0.0001) |
Year Ended February 28, 2021 |
1.0007 |
0.0028 |
0.0001 |
0.0029 |
(0.0028) |
—(c) |
(0.0028) |
Year Ended February 29, 2020 |
1.0003 |
0.0205 |
0.0004 |
0.0209 |
(0.0205) |
—(c) |
(0.0205) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Agency |
— |
—(a) |
0.10% |
0.02% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses(a) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0009 |
5.30% |
$3,279,975 |
0.26% |
5.19% |
0.28% |
1.0009 |
2.38 |
2,766,889 |
0.26(b) |
2.64 |
0.29 |
1.0005 |
(0.02) |
1,403,993 |
0.16(b) |
0.01 |
0.29 |
1.0008 |
0.29 |
1,492,906 |
0.24(b) |
0.30 |
0.29 |
1.0007 |
2.11 |
2,517,667 |
0.26 |
2.05 |
0.30 |
|
|
Per share operating performance | |||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
|
|
|
|
|
|
|
Agency |
|
|
|
|
|
|
|
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) |
—(c) |
(0.02) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
— |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.02 |
—(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 |
Agency |
— |
—(a) |
0.21% |
0.05% |
— |
|
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 |
5.05% |
$13,673,580 |
0.26% |
5.00% |
0.28% |
1.00 |
2.02 |
5,528,371 |
0.26(d) |
2.19 |
0.29 |
1.00 |
0.01 |
3,173,164 |
0.05(d) |
0.01 |
0.28 |
1.00 |
0.10 |
4,187,912 |
0.20(d) |
0.09 |
0.29 |
1.00 |
1.82 |
4,197,262 |
0.26 |
1.76 |
0.30 |
|
|
Per share operating performance | |||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Federal Money Market Fund |
|
|
|
|
|
|
|
Agency |
|
|
|
|
|
|
|
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) |
—(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 |
Agency |
— |
0.01% |
0.20% |
0.06% |
— |
|
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 |
5.09% |
$734,542 |
0.26% |
5.00% |
0.29% |
1.00 |
2.09 |
417,945 |
0.26(d) |
2.40 |
0.31 |
1.00 |
0.01 |
217,942 |
0.06(d) |
0.01 |
0.31 |
1.00 |
0.11 |
318,757 |
0.20(d) |
0.10 |
0.30 |
1.00 |
1.85 |
242,716 |
0.26 |
1.79 |
0.30 |
|
|
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 |
|
|
|
|
|
|
Agency |
|
|
|
|
|
|
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 |
Agency |
— |
0.02% |
0.20% |
0.06% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
5.10% |
$15,084,344 |
0.26% |
5.01% |
0.28% |
2.11 |
10,098,820 |
0.24(d) |
2.11 |
0.28 |
0.01 |
8,485,249 |
0.06(d) |
0.01 |
0.28 |
0.09 |
16,148,773 |
0.20(d) |
0.08 |
0.28 |
1.87 |
14,132,125 |
0.26 |
1.84 |
0.30 |
|
|
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 |
|
|
|
|
|
|
Agency |
|
|
|
|
|
|
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 |
Agency |
— |
0.02% |
0.20% |
0.06% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
5.09% |
$2,614,882 |
0.26% |
4.99% |
0.28% |
2.09 |
1,745,265 |
0.24(d) |
2.19 |
0.29 |
0.01 |
914,835 |
0.06(d) |
0.01 |
0.28 |
0.09 |
1,865,281 |
0.20(d) |
0.09 |
0.29 |
1.85 |
1,744,289 |
0.26 |
1.85 |
0.30 |
|
|
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 California Municipal Money Market Fund |
|
|
|
|
|
|
|
Agency |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(e) |
$0.03 |
$(0.03) |
$— |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(e) |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
Year Ended February 28, 2021 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
March 1, 2019 (g) through February 29, 2020 |
1.00 |
0.01 |
—(e) |
0.01 |
(0.01) |
—(e) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 2, 2021 |
February 29, 2020 |
Agency |
— |
—(a) |
0.14% |
0.04% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets(a) | ||
Net asset value, end of period |
Total return(c) |
Net assets, end of period (000’s) |
Net expenses(d) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.84% |
$29,734 |
0.26% |
2.72% |
0.33% |
1.00 |
1.29 |
78,257 |
0.26(f) |
1.78 |
0.32 |
1.00 |
0.02 |
2,527 |
0.12(f) |
0.01 |
0.37 |
1.00 |
0.23 |
21,715 |
0.22(f) |
0.24 |
0.33 |
1.00 |
1.11 |
24,892 |
0.26 |
0.87 |
0.35 |
|
|
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 |
|
|
|
|
|
|
|
Agency |
|
|
|
|
|
|
|
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 |
Agency |
— |
—(a) |
0.09% |
0.02% |
— |
|
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 |
5.28% |
$3,878,930 |
0.26% |
5.17% |
0.29% |
1.00 |
2.32 |
3,045,257 |
0.26(d) |
3.07 |
0.29 |
1.00 |
0.01 |
691,008 |
0.17(d) |
0.01 |
0.30 |
1.00 |
0.29 |
1,234,800 |
0.24(d) |
0.27 |
0.29 |
1.00 |
2.07 |
1,452,745 |
0.26 |
1.94 |
0.31 |
|
|
Per share operating performance | |||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Municipal Money Market Fund |
|
|
|
|
|
|
|
Agency |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$— |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
— |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Agency |
— |
—(a) |
0.13% |
0.01% |
— |
|
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 |
3.21% |
$165,365 |
0.26% |
3.16% |
0.29% |
1.00 |
1.38 |
154,048 |
0.26(d) |
1.53 |
0.31 |
1.00 |
0.01 |
38,272 |
0.13(d) |
0.01 |
0.32 |
1.00 |
0.31 |
60,879 |
0.25(d) |
0.38 |
0.31 |
1.00 |
1.20 |
112,747 |
0.26 |
1.20 |
0.34 |
|
|
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 New York Municipal Money Market Fund |
|
|
|
|
|
|
|
Agency |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(e) |
$0.03 |
$(0.03) |
$—(e) |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(e) |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
Year Ended February 28, 2021 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
March 1, 2019 (g) through February 29, 2020 |
1.00 |
0.01 |
—(e) |
0.01 |
(0.01) |
—(e) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Agency |
— |
—(a) |
0.14% |
0.04% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets(a) | ||
Net asset value, end of period |
Total return(c) |
Net assets, end of period (000’s) |
Net expenses(d) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
3.16% |
$273,757 |
0.26% |
3.10% |
0.29% |
1.00 |
1.40 |
268,303 |
0.26(f) |
1.84 |
0.30 |
1.00 |
0.01 |
50,157 |
0.12(f) |
0.01 |
0.32 |
1.00 |
0.30 |
72,812 |
0.25(f) |
0.44 |
0.30 |
1.00 |
1.15 |
262,677 |
0.26 |
1.06 |
0.31 |
|
|
Per share operating performance | |||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Tax Free Money Market Fund |
|
|
|
|
|
|
|
Agency |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$—(c) |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Agency |
— |
—(a) |
0.16% |
0.03% |
— |
|
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 |
3.18% |
$542,528 |
0.26% |
3.13% |
0.28% |
1.00 |
1.39 |
581,661 |
0.26(d) |
1.52 |
0.29 |
1.00 |
0.01 |
281,075 |
0.10(d) |
0.01 |
0.29 |
1.00 |
0.26 |
372,457 |
0.23(d) |
0.33 |
0.29 |
1.00 |
1.17 |
782,269 |
0.26 |
1.17 |
0.30 |
|
|
|
|
|
Class |
Net Expense Ratio |
Gross Expense Ratio |
JPMorgan Prime Money Market Fund |
Agency |
0.26 % |
0.28 % |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
Agency |
0.26 % |
0.28 % |
JPMorgan U.S. Government Money Market Fund |
Agency |
0.26 % |
0.28 % |
JPMorgan U.S. Treasury Plus Money Market Fund |
Agency |
0.26 % |
0.28 % |
JPMorgan Liquid Assets Money Market Fund |
Agency |
0.26 % |
0.29 % |
JPMorgan Municipal Money Market Fund |
Agency |
0.26 % |
0.29 % |
JPMorgan Prime Money Market Fund | ||||
|
Agency Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$27 |
5.00% |
4.74% |
4.74% |
June 30, 2026 |
30 |
10.25 |
9.68 |
4.72 |
June 30, 2027 |
31 |
15.76 |
14.86 |
4.72 |
June 30, 2028 |
33 |
21.55 |
20.28 |
4.72 |
June 30, 2029 |
34 |
27.63 |
25.96 |
4.72 |
June 30, 2030 |
36 |
34.01 |
31.90 |
4.72 |
June 30, 2031 |
38 |
40.71 |
38.13 |
4.72 |
June 30, 2032 |
40 |
47.75 |
44.65 |
4.72 |
June 30, 2033 |
41 |
55.13 |
51.48 |
4.72 |
June 30, 2034 |
43 |
62.89 |
58.63 |
4.72 |
JPMorgan 100% U.S. Treasury Securities Money Market Fund | ||||
|
Agency Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$27 |
5.00% |
4.74% |
4.74% |
June 30, 2026 |
30 |
10.25 |
9.68 |
4.72 |
June 30, 2027 |
31 |
15.76 |
14.86 |
4.72 |
June 30, 2028 |
33 |
21.55 |
20.28 |
4.72 |
June 30, 2029 |
34 |
27.63 |
25.96 |
4.72 |
June 30, 2030 |
36 |
34.01 |
31.90 |
4.72 |
June 30, 2031 |
38 |
40.71 |
38.13 |
4.72 |
June 30, 2032 |
40 |
47.75 |
44.65 |
4.72 |
June 30, 2033 |
41 |
55.13 |
51.48 |
4.72 |
June 30, 2034 |
43 |
62.89 |
58.63 |
4.72 |
JPMorgan U.S. Government Money Market Fund | ||||
|
Agency Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$27 |
5.00% |
4.74% |
4.74% |
June 30, 2026 |
30 |
10.25 |
9.68 |
4.72 |
June 30, 2027 |
31 |
15.76 |
14.86 |
4.72 |
June 30, 2028 |
33 |
21.55 |
20.28 |
4.72 |
June 30, 2029 |
34 |
27.63 |
25.96 |
4.72 |
June 30, 2030 |
36 |
34.01 |
31.90 |
4.72 |
June 30, 2031 |
38 |
40.71 |
38.13 |
4.72 |
June 30, 2032 |
40 |
47.75 |
44.65 |
4.72 |
June 30, 2033 |
41 |
55.13 |
51.48 |
4.72 |
June 30, 2034 |
43 |
62.89 |
58.63 |
4.72 |
JPMorgan U.S. Treasury Plus Money Market Fund | ||||
|
Agency Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$27 |
5.00% |
4.74% |
4.74% |
June 30, 2026 |
30 |
10.25 |
9.68 |
4.72 |
June 30, 2027 |
31 |
15.76 |
14.86 |
4.72 |
June 30, 2028 |
33 |
21.55 |
20.28 |
4.72 |
June 30, 2029 |
34 |
27.63 |
25.96 |
4.72 |
June 30, 2030 |
36 |
34.01 |
31.90 |
4.72 |
June 30, 2031 |
38 |
40.71 |
38.13 |
4.72 |
June 30, 2032 |
40 |
47.75 |
44.65 |
4.72 |
June 30, 2033 |
41 |
55.13 |
51.48 |
4.72 |
June 30, 2034 |
43 |
62.89 |
58.63 |
4.72 |
JPMorgan Liquid Assets Money Market Fund | ||||
|
Agency Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$27 |
5.00% |
4.74% |
4.74% |
June 30, 2026 |
31 |
10.25 |
9.67 |
4.71 |
June 30, 2027 |
33 |
15.76 |
14.84 |
4.71 |
June 30, 2028 |
34 |
21.55 |
20.25 |
4.71 |
June 30, 2029 |
36 |
27.63 |
25.91 |
4.71 |
June 30, 2030 |
37 |
34.01 |
31.84 |
4.71 |
June 30, 2031 |
39 |
40.71 |
38.05 |
4.71 |
June 30, 2032 |
41 |
47.75 |
44.55 |
4.71 |
June 30, 2033 |
43 |
55.13 |
51.36 |
4.71 |
June 30, 2034 |
45 |
62.89 |
58.49 |
4.71 |
JPMorgan Municipal Money Market Fund | ||||
|
Agency Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$27 |
5.00% |
4.74% |
4.74% |
June 30, 2026 |
31 |
10.25 |
9.67 |
4.71 |
June 30, 2027 |
33 |
15.76 |
14.84 |
4.71 |
June 30, 2028 |
34 |
21.55 |
20.25 |
4.71 |
June 30, 2029 |
36 |
27.63 |
25.91 |
4.71 |
June 30, 2030 |
37 |
34.01 |
31.84 |
4.71 |
June 30, 2031 |
39 |
40.71 |
38.05 |
4.71 |
June 30, 2032 |
41 |
47.75 |
44.55 |
4.71 |
June 30, 2033 |
43 |
55.13 |
51.36 |
4.71 |
June 30, 2034 |
45 |
62.89 |
58.49 |
4.71 |
JPMorgan Trust I |
811-21295 |
JPMorgan Trust II |
811-4236 |
JPMorgan Trust IV |
811-23117 |
| |
1 | |
6 | |
11 | |
14 | |
18 | |
22 | |
26 | |
32 | |
32 | |
38 | |
45 | |
46 | |
47 |
48 | |
49 | |
50 | |
52 | |
52 | |
57 | |
60 | |
61 | |
63 | |
63 | |
64 | |
65 | |
65 | |
66 | |
68 | |
82 | |
Back cover |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Capital |
Management Fees |
0.08% |
Other Expenses |
0.13 |
Service Fees |
0.05 |
Remainder of Other Expenses |
0.08 |
Total Annual Fund Operating Expenses |
0.21 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.03 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.18 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
CAPITAL SHARES ($) |
18 |
65 |
115 |
265 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
0.87% |
Worst Quarter |
4Q 2020 1Q, 2Q and 3Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.77% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past |
Past |
Life of Fund since |
|
1 Year |
5 Years |
03/01/2018 |
CAPITAL SHARES |
3.15 % |
1.19 % |
1.21 % |
For Capital Shares |
|
To establish an account |
$50,000,000 |
To add to an account |
No minimum levels |
| |
|
Capital |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
CAPITAL SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
CAPITAL SHARES |
% |
% |
% |
For Capital Shares |
|
To establish an account |
$50,000,000 |
To add to an account |
No minimum levels |
| |
|
Capital |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
CAPITAL SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
CAPITAL SHARES |
% |
% |
% |
For Capital Shares |
|
To establish an account |
$50,000,000 |
To add to an account |
No minimum levels |
| |
|
Capital |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses 1 |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 2 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 2 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
CAPITAL SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
INSTITUTIONAL SHARES |
% |
% |
% |
For Capital Shares |
|
To establish an account |
$50,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Capital |
Management Fees |
0.08% |
Other Expenses |
0.10 |
Service Fees |
0.05 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.18 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
CAPITAL SHARES ($) |
18 |
58 |
101 |
230 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.32% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q and |
0.00% |
|
3Q 2015 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.30% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
CAPITAL SHARES |
5.01 % |
1.79 % |
1.17 % |
For Capital Shares |
|
To establish an account |
$50,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Capital |
Management Fees |
0.08% |
Other Expenses |
0.10 |
Service Fees |
0.05 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.18 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
CAPITAL SHARES ($) |
18 |
58 |
101 |
230 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.32% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 2Q, 3Q and |
0.00% |
|
4Q 2021 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.30% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
CAPITAL SHARES |
5.01 % |
1.77 % |
1.16 % |
For Capital Shares |
|
To establish an account |
$50,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Capital |
Management Fees |
0.08% |
Other Expenses |
0.11 |
Service Fees |
0.05 |
Remainder of Other Expenses |
0.06 |
Total Annual Fund Operating Expenses |
0.19 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.01 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.18 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
CAPITAL SHARES ($) |
18 |
60 |
106 |
242 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.37% |
Worst Quarter |
1Q and 2Q 2014 1Q, 2Q, 3Q and |
0.01% |
|
4Q 2021 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.35% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
CAPITAL SHARES |
5.20 % |
1.95 % |
1.34 % |
For Capital Shares |
|
To establish an account |
$50,000,000 |
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 U.S. Government Money Market Fund, U.S. Treasury Plus Money Market Fund and Liquid Assets Money Market Fund is fundamental. The investment objective for each of the Institutional Tax Free Money Market Fund, Prime Money Market Fund, 100% U.S. Treasury Money Market Fund and Federal Money Market Fund is non-fundamental and may be changed without the consent of a majority of the outstanding shares of that Fund. |
|
Institutional Tax Free Money Market Fund |
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
Federal Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
Liquid Assets Money Market Fund |
Asia Pacific Market Risk |
|
○ |
|
|
|
|
○ |
Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk |
|
• |
|
• |
• |
|
• |
Concentration Risk |
|
• |
|
|
|
|
• |
Credit Risk |
• |
• |
• |
• |
• |
• |
• |
Cyber Security Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
European Market Risk |
|
○ |
|
|
|
|
○ |
Floating and Variable Rate Securities Risk |
• |
• |
○ |
• |
• |
○ |
• |
Foreign Securities Risk |
|
• |
|
|
|
|
• |
General Market Risk |
• |
• |
• |
• |
• |
• |
• |
Geographic Focus Risk |
|
○ |
|
|
|
|
○ |
Government Securities Risk |
• |
• |
• |
• |
• |
• |
• |
Industry and Sector Focus Risk |
• |
• |
|
|
|
|
• |
Interest Rate Risk |
• |
• |
• |
• |
• |
• |
• |
|
Institutional Tax Free Money Market Fund |
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
Federal Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
Liquid Assets Money Market Fund |
Interfund Lending Risk |
|
|
|
|
• |
|
• |
Japan Risk |
|
○ |
|
|
|
|
○ |
LIBOR Discontinuance or Unavailabilty 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 |
|
|
|
• |
• |
|
|
Structured Product Risk |
• |
|
|
|
|
|
|
Tax Risk |
• |
|
|
|
|
|
|
Transactions and Liquidity Risk |
• |
• |
• |
• |
• |
• |
• |
Volcker Rule Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
When-Issued, Delayed Settlement and Forward Commitment Transactions Risk |
○ |
• |
|
• |
• |
|
• |
Institutional Tax Free Money Market Fund |
0.08% |
Prime Money Market Fund |
0.08 |
100% U.S. Treasury Securities Money Market Fund |
0.08 |
Federal Money Market Fund |
0.08 |
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) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Institutional Tax Free Money Market Fund |
|
|
|
|
|
|
|
Capital |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0002 |
$0.0318 |
$0.0001 |
$0.0319 |
$(0.0318) |
$— |
$(0.0318) |
Year Ended February 28, 2023 |
1.0003 |
0.0144 |
—(b) |
0.0144 |
(0.0144) |
(0.0001) |
(0.0145) |
Year Ended February 28, 2022 |
1.0006 |
0.0002 |
(0.0003) |
(0.0001) |
(0.0002) |
—(b) |
(0.0002) |
Year Ended February 28, 2021 |
1.0000 |
0.0028 |
0.0006 |
0.0034 |
(0.0028) |
—(b) |
(0.0028) |
Year Ended February 29, 2020 |
1.0000 |
0.0125 |
—(b) |
0.0125 |
(0.0125) |
—(b) |
(0.0125) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Capital |
— |
—(a) |
0.09% |
—(a) |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(a) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0003 |
3.24% |
$207,333 |
0.18% |
3.16% |
0.21% |
1.0002 |
1.44 |
399,560 |
0.18(c) |
1.78 |
0.21 |
1.0003 |
(0.01) |
182,500 |
0.09(c) |
0.02 |
0.22 |
1.0006 |
0.34 |
37,889 |
0.18(c) |
0.41 |
0.22 |
1.0000 |
1.26 |
228,168 |
0.18 |
1.18 |
0.24 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Prime Money Market Fund |
|
|
|
|
|
|
|
Capital |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0005 |
$0.0527 |
$(0.0001) |
$0.0526 |
$(0.0527) |
$— |
$(0.0527) |
Year Ended February 28, 2023 |
1.0003 |
0.0240 |
0.0002 |
0.0242 |
(0.0240) |
— |
(0.0240) |
Year Ended February 28, 2022 |
1.0005 |
0.0007 |
(0.0002) |
0.0005 |
(0.0007) |
— |
(0.0007) |
Year Ended February 28, 2021 |
1.0005 |
0.0036 |
—(c) |
0.0036 |
(0.0036) |
—(c) |
(0.0036) |
Year Ended February 29, 2020 |
1.0003 |
0.0213 |
0.0002 |
0.0215 |
(0.0213) |
—(c) |
(0.0213) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Capital |
— |
0.01% |
0.08% |
0.02% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(a) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0004 |
5.38% |
$42,797,560 |
0.17% |
5.26% |
0.18% |
1.0005 |
2.45 |
41,621,459 |
0.17(b) |
2.43 |
0.19 |
1.0003 |
0.05 |
40,505,885 |
0.10(b) |
0.07 |
0.18 |
1.0005 |
0.36 |
42,867,638 |
0.16(b) |
0.31 |
0.19 |
1.0005 |
2.17 |
33,683,247 |
0.18 |
2.09 |
0.20 |
|
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 100% U.S. Treasury Securities Money Market Fund |
|
|
|
|
|
|
|
Capital |
|
|
|
|
|
|
|
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) |
$—(c) |
(0.02) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
— |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.02 |
—(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 |
Capital |
— |
—(a) |
0.12% |
0.02% |
— |
|
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 |
5.14% |
$95,150,995 |
0.18% |
5.06% |
0.18% |
1.00 |
2.10 |
47,631,670 |
0.18(d) |
2.01 |
0.18 |
1.00 |
0.01 |
57,422,062 |
0.05(d) |
0.01 |
0.18 |
1.00 |
0.13 |
58,366,269 |
0.16(d) |
0.11 |
0.19 |
1.00 |
1.90 |
32,963,549 |
0.18 |
1.85 |
0.20 |
|
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 Federal Money Market Fund |
|
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
|
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) |
—(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 |
Institutional Class |
— |
0.01% |
0.16% |
0.04% |
— |
|
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 |
5.14% |
$4,275,012 |
0.21% |
5.03% |
0.24% |
1.00 |
2.14 |
3,070,971 |
0.21(d) |
2.50 |
0.26 |
1.00 |
0.01 |
1,322,211 |
0.06(d) |
0.01 |
0.25 |
1.00 |
0.13 |
2,344,288 |
0.17(d) |
0.14 |
0.25 |
1.00 |
1.90 |
2,572,379 |
0.21 |
1.90 |
0.25 |
|
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 |
|
|
|
|
|
|
Capital |
|
|
|
|
|
|
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 |
Capital |
— |
0.03% |
0.13% |
0.03% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
5.19% |
$160,954,781 |
0.18% |
5.08% |
0.18% |
2.20 |
119,811,381 |
0.15(d) |
1.97 |
0.18 |
0.03 |
166,488,233 |
0.04(d) |
0.03 |
0.18 |
0.14 |
143,184,525 |
0.15(d) |
0.13 |
0.19 |
1.95 |
86,263,432 |
0.18 |
1.91 |
0.20 |
|
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 asset value, end of period |
JPMorgan U.S. Treasury Plus Money Market Fund |
|
|
|
|
|
|
Capital |
|
|
|
|
|
|
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 |
Capital |
— |
0.02% |
0.12% |
0.02% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
5.18% |
$14,599,378 |
0.18% |
5.07% |
0.18% |
2.18 |
12,166,783 |
0.16(d) |
2.12 |
0.19 |
0.01 |
10,784,903 |
0.06(d) |
0.01 |
0.18 |
0.14 |
13,539,346 |
0.16(d) |
0.13 |
0.19 |
1.94 |
9,945,933 |
0.18 |
1.89 |
0.20 |
|
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 Liquid Assets Money Market Fund |
|
|
|
|
|
|
|
Capital |
|
|
|
|
|
|
|
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 |
Capital |
— |
—(a) |
0.03% |
—(a) |
— |
|
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 |
5.37% |
$14,970,998 |
0.18% |
5.27% |
0.19% |
1.00 |
2.40 |
9,633,984 |
0.18(d) |
3.32 |
0.19 |
1.00 |
0.04 |
1,804,197 |
0.15(d) |
0.04 |
0.19 |
1.00 |
0.35 |
4,806,805 |
0.18(d) |
0.25 |
0.19 |
1.00 |
2.15 |
2,295,874 |
0.18 |
2.01 |
0.21 |
|
|
|
|
|
Class |
Net Expense Ratio |
Gross Expense Ratio |
JPMorgan Prime Money Market Fund |
Capital |
0.18 % |
0.18 % |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
Capital |
0.18 % |
0.18 % |
JPMorgan U.S. Government Money Market Fund |
Capital |
0.18 % |
0.18 % |
JPMorgan U.S. Treasury Plus Money Market Fund |
Capital |
0.18 % |
0.18 % |
JPMorgan Liquid Assets Money Market Fund |
Capital |
0.18 % |
0.19 % |
JPMorgan Prime Money Market Fund | ||||
|
Capital Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan 100% U.S. Treasury Securities Money Market Fund | ||||
|
Capital Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan U.S. Government Money Market Fund | ||||
|
Capital Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan U.S. Treasury Plus Money Market Fund | ||||
|
Capital Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan Liquid Assets Money Market Fund | ||||
|
Capital Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
20 |
10.25 |
9.86 |
4.81 |
June 30, 2027 |
21 |
15.76 |
15.15 |
4.81 |
June 30, 2028 |
22 |
21.55 |
20.68 |
4.81 |
June 30, 2029 |
23 |
27.63 |
26.49 |
4.81 |
June 30, 2030 |
25 |
34.01 |
32.57 |
4.81 |
June 30, 2031 |
26 |
40.71 |
38.95 |
4.81 |
June 30, 2032 |
27 |
47.75 |
45.63 |
4.81 |
June 30, 2033 |
28 |
55.13 |
52.64 |
4.81 |
June 30, 2034 |
30 |
62.89 |
59.98 |
4.81 |
JPMorgan Trust I |
811-21295 |
JPMorgan Trust II |
811-4236 |
JPMorgan Trust IV |
811-23117 |
| |
|
Empower |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
EMPOWER SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
EMPOWER SHARES |
% |
% |
% |
For Empower Shares |
|
To establish a regular account |
$50,000,000 |
To add to an account |
No minimum |
| |
|
Empower |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
EMPOWER SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
EMPOWER SHARES |
% |
% |
% |
For Empower Shares |
|
To establish a regular account |
$50,000,000 |
To add to an account |
No minimum |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Empower |
Management Fees |
0.08% |
Other Expenses |
0.10 |
Service Fees |
0.05 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.18 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
EMPOWER SHARES ($) |
18 |
58 |
101 |
230 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.32% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q and |
0.00% |
|
3Q 2015 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.30% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
EMPOWER SHARES |
5.01 % |
1.79 % |
1.17 % |
For Empower Shares |
|
To establish a regular account |
$50,000,000 |
To add to an account |
No minimum |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Empower |
Management Fees |
0.08% |
Other Expenses |
0.10 |
Service Fees |
0.05 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.18 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
EMPOWER SHARES ($) |
18 |
58 |
101 |
230 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.32% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 4Q 2020 2Q, 3Q and |
0.00% |
|
4Q 2021 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.30% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
EMPOWER SHARES |
5.01 % |
1.76 % |
1.14 % |
For Empower Shares |
|
To establish a regular account |
$50,000,000 |
To add to an account |
No minimum |
FUNDAMENTAL INVESTMENT OBJECTIVES |
An investment objective is fundamental if it cannot be changed without the consent of a majority of the outstanding shares of the Fund. The investment objective for each of the U.S. Government Money Market Fund and the U.S. Treasury Plus Money Market Fund is fundamental. The investment objective for each of the Prime Money Market Fund and the 100% U.S. Treasury Securities Money Market Fund is non-fundamental and may be changed without the consent of a majority of the outstanding shares of that Fund. |
|
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
Asia Pacific Market Risk |
○ |
|
|
|
Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk |
• |
|
• |
|
Concentration Risk |
• |
|
|
|
Credit Risk |
• |
• |
• |
• |
Cyber Security Risk |
○ |
○ |
○ |
○ |
European Market Risk |
○ |
|
|
|
Floating and Variable Rate Securities Risk |
• |
○ |
• |
○ |
Foreign Securities Risk |
• |
|
|
|
General Market Risk |
• |
• |
• |
• |
Geographic Focus Risk |
○ |
|
|
|
Government Securities Risk |
• |
• |
• |
• |
Industry and Sector Focus Risk |
• |
|
|
|
Interest Rate Risk |
• |
• |
• |
• |
Interfund Lending Risk |
|
|
• |
|
Japan Risk |
○ |
|
|
|
LIBOR Discontinuance or Unavailability Risk |
• |
|
|
|
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 |
○ |
○ |
○ |
○ |
When-Issued, Delayed Settlement and Forward Commitment Transactions Risk |
• |
|
• |
|
Prime Money Market Fund |
0.08% |
100% U.S. Treasury Securities Money Market Fund |
0.08 |
U.S. Government Money Market Fund |
0.08 |
U.S. Treasury Plus Money Market Fund |
0.08 |
IMPORTANT TAX REPORTING CONSIDERATIONS |
Your Financial Intermediary or the Funds (if you hold your shares in a Fund direct account) is required to report gains and losses to the IRS in connection with redemptions of shares by S corporations purchased after January 1, 2012. If a shareholder is a corporation and has not instructed the Fund that it is a C corporation in its account application or by written instruction to J.P. Morgan Funds Services, P.O. Box 219143, Kansas City, MO 64121-9145, the Funds will treat the shareholder as an S corporation and file a Form 1099-B. |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Prime Money Market Fund |
|
|
|
|
|
|
|
Empower |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0005 |
$0.0526 |
$(0.0001) |
$0.0525 |
$(0.0526) |
– |
$(0.0526) |
Year Ended February 28, 2023 |
1.0002 |
0.0240 |
0.0003 |
0.0243 |
(0.0240) |
– |
(0.0240) |
Year Ended February 28, 2022 |
1.0005 |
0.0007 |
(0.0003) |
0.0004 |
(0.0007) |
– |
(0.0007) |
February 23, 2021 (f) through February 28, 2021 |
1.0005 |
–(e) |
–(e) |
–(e) |
–(e) |
– |
–(e) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
Empower |
— |
0.02% |
0.08% |
—(a) |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets(a) | ||
Net asset value, end of period |
Total return(b) |
Net assets, end of period (000's) |
Net expenses(c) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0004 |
5.38% |
$463,298 |
0.18% |
5.28% |
0.18% |
1.0005 |
2.46 |
355,132 |
0.16(d) |
2.15 |
0.19 |
1.0002 |
0.04 |
564,948 |
0.10(d) |
0.07 |
0.20 |
1.0005 |
0.00(g) |
25 |
0.12(d) |
0.10 |
0.19 |
|
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 100% U.S. Treasury Securities Money Market Fund |
|
|
|
|
|
|
|
Empower |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.05 |
–(e) |
$0.05 |
$(0.05) |
$— |
$(0.05) |
Year Ended February 28, 2023 |
1.00 |
0.02 |
–(e) |
0.02 |
(0.02) |
–(e) |
(0.02) |
Year Ended February 28, 2022 |
1.00 |
–(e) |
–(e) |
–(e) |
–(e) |
–(e) |
–(e) |
February 23, 2021 (g) through February 28, 2021 |
1.00 |
–(e) |
–(e) |
–(e) |
–(e) |
– |
–(e) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
Empower |
— |
—(a) |
0.13% |
0.12% |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets(a) | ||
Net asset value, end of period |
Total return(c) |
Net assets, end of period (0.00's) |
Net expenses(d) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
5.14% |
$1,083,842 |
0.18% |
5.11% |
0.18% |
1.00 |
2.10 |
218,952 |
0.18(f) |
3.29 |
0.19 |
1.00 |
0.01 |
29,519 |
0.04(f) |
0.01 |
0.18 |
1.00 |
0.00(h) |
25 |
0.07(f) |
0.01 |
0.20 |
|
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 asset value, end of period |
JPMorgan U.S. Government Money Market Fund |
|
|
|
|
|
|
Empower |
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.05 |
$—(e) |
$0.05 |
$(0.05) |
$1.00 |
Year Ended February 28, 2023 |
1.00 |
0.02 |
–(e) |
0.02 |
(0.02) |
1.00 |
Year Ended February 28, 2022 |
1.00 |
–(e) |
–(e) |
—(e) |
–(e) |
1.00 |
February 23, 2021 (g) through February 28, 2021 |
1.00 |
–(e) |
–(e) |
—(e) |
–(e) |
1.00 |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
Empower |
— |
0.03% |
0.13% |
—(a) |
Ratios/Supplemental data | ||||
|
|
Ratios to average net assets (a) | ||
Total return(c) |
Net assets, end of period (000's) |
Net expenses(d) |
Net Investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
5.19% |
$7,799,631 |
0.18% |
5.10% |
0.18% |
2.20 |
5,393,885 |
0.15(f) |
2.45 |
0.19 |
0.03 |
4,160,732 |
0.04(f) |
0.03 |
0.18 |
0.00(h) |
500,028 |
0.06(f) |
0.04 |
0.19 |
|
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 asset value, end of period |
JPMorgan U.S. Treasury Plus Money Market Fund |
|
|
|
|
|
|
Empower |
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.05 |
$—(e) |
$0.05 |
$(0.05) |
$1.00 |
Year Ended February 28, 2023 |
1.00 |
0.02 |
—(e) |
0.02 |
(0.02) |
1.00 |
Year Ended February 28, 2022 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
1.00 |
February 23, 2021 (g) through February 28, 2021 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
1.00 |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
Empower |
— |
0.01% |
0.13% |
—(a) |
Ratios/Supplemental data | ||||
|
|
Ratios to average net assets(a) | ||
Total return(c) |
Net assets, end of period (000’s) |
Net expenses(d) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
5.18% |
$63,083 |
0.18% |
4.82% |
0.18% |
2.18 |
1,206,832 |
0.17(f) |
2.94 |
0.19 |
0.01 |
112,014 |
0.05(f) |
0.01 |
0.18 |
0.00(h) |
25 |
0.06(f) |
0.02 |
0.18 |
|
|
|
|
|
Class |
Net Expense Ratio |
Gross Expense Ratio |
JPMorgan Prime Money Market Fund |
Empower |
0.18 % |
0.18 % |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
Empower |
0.18 % |
0.18 % |
JPMorgan U.S. Government Money Market Fund |
Empower |
0.18 % |
0.18 % |
JPMorgan U.S. Treasury Plus Money Market Fund |
Empower |
0.18 % |
0.18 % |
JPMorgan Prime Money Market Fund | ||||
|
Empower Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan 100% U.S. Treasury Securities Money Market Fund | ||||
|
Empower Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan U.S. Government Money Market Fund | ||||
|
Empower Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan U.S. Treasury Plus Money Market Fund | ||||
|
Empower Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$18 |
5.00% |
4.82% |
4.82% |
June 30, 2026 |
19 |
10.25 |
9.87 |
4.82 |
June 30, 2027 |
20 |
15.76 |
15.17 |
4.82 |
June 30, 2028 |
21 |
21.55 |
20.72 |
4.82 |
June 30, 2029 |
22 |
27.63 |
26.54 |
4.82 |
June 30, 2030 |
23 |
34.01 |
32.64 |
4.82 |
June 30, 2031 |
24 |
40.71 |
39.03 |
4.82 |
June 30, 2032 |
26 |
47.75 |
45.73 |
4.82 |
June 30, 2033 |
27 |
55.13 |
52.76 |
4.82 |
June 30, 2034 |
28 |
62.89 |
60.12 |
4.82 |
JPMorgan Trust I |
811-21295 |
JPMorgan Trust II |
811-4236 |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
IM |
Management Fees |
0.08% |
Other Expenses |
0.07 |
Service Fees |
NONE |
Remainder of Other Expenses |
0.07 |
Total Annual Fund Operating Expenses |
0.15 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
IM SHARES ($) |
15 |
48 |
85 |
192 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
0.88% | |
Worst Quarter |
1Q, 2Q, 3Q and |
4Q 2021 |
0.00% |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.79% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past |
Past |
Life of Fund since |
|
1 Year |
5 Years |
03/01/2018 |
IM SHARES |
3.17 % |
1.21 % |
1.23 % |
For IM Shares |
|
To establish an account |
$50,000,000 |
To add to an account |
No minimum levels |
| |
|
IM |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
IM SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
IM SHARES |
% |
% |
% |
For IM Shares |
|
To establish an account |
$50,000,000 |
To add to an account |
No minimum levels |
| |
|
IM |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
IM SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
IM SHARES |
% |
% |
% |
For IM Shares |
|
To establish an account |
$50,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
IM |
Management Fees |
0.08% |
Other Expenses |
0.05 |
Service Fees |
NONE |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.13 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
IM SHARES ($) |
13 |
42 |
73 |
166 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.34% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q and |
0.00% |
|
3Q 2015 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.31% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
IM SHARES |
5.06 % |
1.81 % |
1.19 % |
For IM Shares |
|
To establish an account |
$50,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
IM |
Management Fees |
0.08% |
Other Expenses |
0.05 |
Service Fees |
NONE |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.13 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
IM SHARES ($) |
13 |
42 |
73 |
166 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.33% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q and 3Q 2015 2Q, 3Q and |
0.00% |
|
4Q 2021 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.31% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
IM SHARES |
5.06 % |
1.79 % |
1.17 % |
For IM Shares |
|
To establish an account |
$50,000,000 |
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 U.S. Government Money Market Fund and U.S. Treasury Plus Money Market Fund is fundamental. The investment objective for each of the 100% U.S. Treasury Securities Money Market Fund, Institutional Tax Free Money Market Fund and Prime Money Market Fund is non-fundamental and may be changed without the consent of a majority of the outstanding shares of that Fund. |
|
Institutional Tax Free Money Market Fund |
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
Asia Pacific Market Risk |
|
○ |
|
|
|
Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk |
|
• |
|
• |
|
Concentration Risk |
|
• |
|
|
|
|
Institutional Tax Free Money Market Fund |
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
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 |
|
|
|
• |
|
Structured Product Risk |
• |
|
|
|
|
Tax Risk |
• |
|
|
|
|
Transactions and Liquidity Risk |
• |
• |
• |
• |
• |
Volcker Rule Risk |
○ |
○ |
○ |
○ |
○ |
When-Issued, Delayed Settlement and Forward Commitment Transactions Risk |
○ |
• |
|
• |
|
Institutional Tax Free Money Market Fund |
0.08% |
Prime Money Market Fund |
0.08 |
100% U.S. Treasury Securities Money Market Fund |
0.08 |
U.S. Government Money Market Fund |
0.08 |
U.S. Treasury Plus Money Market Fund |
0.08 |
IMPORTANT TAX REPORTING CONSIDERATIONS |
Your Financial Intermediary or the Funds (if you hold your shares in a Fund direct account) is required to report gains and losses to the IRS in connection with redemptions of shares by S corporations purchased after January 1, 2012. If a shareholder is a corporation and has not instructed the Fund that it is a C corporation in its account application or by written instruction to J.P. Morgan Funds Services, P.O. Box 219143, Kansas City, MO 64121-9145, the Funds will treat the shareholder as an S corporation and file a Form 1099-B. |
|
|
Per share operating performance | |||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Institutional Tax Free Money Market Fund |
|
|
|
|
|
|
|
IM |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0002 |
$0.0321 |
$(0.0001) |
$0.0320 |
$(0.0321) |
$— |
$(0.0321) |
Year Ended February 28, 2023 |
1.0003 |
0.0147 |
—(b) |
0.0147 |
(0.0147) |
(0.0001) |
(0.0148) |
Year Ended February 28, 2022 |
1.0005 |
0.0002 |
(0.0002) |
—(b) |
(0.0002) |
—(b) |
(0.0002) |
Year Ended February 28, 2021 |
1.0000 |
0.0030 |
0.0005 |
0.0035 |
(0.0030) |
—(b) |
(0.0030) |
Year Ended February 29, 2020 |
1.0000 |
0.0127 |
—(b) |
0.0127 |
(0.0127) |
—(b) |
(0.0127) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
IM |
— |
— |
0.07% |
0.01% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses(a) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0001 |
3.25% |
$763,488 |
0.15% |
3.18% |
0.15% |
1.0002 |
1.47 |
601,785 |
0.15 |
1.36 |
0.15 |
1.0003 |
0.00(d) |
723,312 |
0.08(c) |
0.02 |
0.15 |
1.0005 |
0.35 |
665,960 |
0.15(c) |
0.18 |
0.16 |
1.0000 |
1.28 |
391,386 |
0.16 |
1.24 |
0.18 |
|
|
Per share operating performance | |||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Prime Money Market Fund |
|
|
|
|
|
|
|
IM |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0005 |
$0.0532 |
$—(b) |
$0.0532 |
$(0.0532) |
$— |
$(0.0532) |
Year Ended February 28, 2023 |
1.0003 |
0.0244 |
0.0002 |
0.0246 |
(0.0244) |
— |
(0.0244) |
Year Ended February 28, 2022 |
1.0006 |
0.0007 |
(0.0003) |
0.0004 |
(0.0007) |
— |
(0.0007) |
Year Ended February 28, 2021 |
1.0006 |
0.0039 |
—(b) |
0.0039 |
(0.0039) |
—(b) |
(0.0039) |
Year Ended February 29, 2020 |
1.0003 |
0.0216 |
0.0003 |
0.0219 |
(0.0216) |
—(b) |
(0.0216) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
IM |
— |
—(a) |
0.04% |
0.01% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000’s) |
Net expenses(a) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0005 |
5.45% |
$13,307,523 |
0.13% |
5.36% |
0.13% |
1.0005 |
2.48 |
6,054,242 |
0.13(c) |
2.32 |
0.14 |
1.0003 |
0.04 |
9,524,945 |
0.10(c) |
0.07 |
0.13 |
1.0006 |
0.39 |
7,515,957 |
0.13(c) |
0.35 |
0.14 |
1.0006 |
2.21 |
5,541,728 |
0.15 |
2.12 |
0.15 |
|
|
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 100% U.S. Treasury Securities Money Market Fund |
|
|
|
|
|
|
|
IM |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.05 |
$—(e) |
$0.05 |
$(0.05) |
$— |
$(0.05) |
Year Ended February 28, 2023 |
1.00 |
0.02 |
—(e) |
0.02 |
(0.02) |
—(e) |
(0.02) |
Year Ended February 28, 2022 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
Year Ended February 28, 2021 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
— |
—(e) |
January 15, 2020 (g) through February 29, 2020 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
— |
—(e) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
IM |
— |
—(a) |
0.14% |
—(a) |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets (a) | ||
Net asset value, end of period |
Total return (c) |
Net assets, end of period (000’s) |
Net expenses(d) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
5.19% |
$238,766 |
0.13% |
5.19% |
0.13% |
1.00 |
2.14 |
38,265 |
0.13(f) |
3.39 |
0.13 |
1.00 |
0.01 |
224 |
0.04(f) |
0.01 |
0.18 |
1.00 |
0.16 |
227 |
0.13(f) |
0.11 |
0.14 |
1.00 |
0.18 |
11,885 |
0.15 |
1.46 |
0.15 |
|
|
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 |
|
|
|
|
|
|
IM |
|
|
|
|
|
|
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 |
IM |
— |
0.01% |
0.09% |
0.01% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
5.24% |
$8,449,005 |
0.13% |
5.09% |
0.13% |
2.23 |
9,457,598 |
0.12(d) |
2.22 |
0.13 |
0.03 |
10,046,645 |
0.04(d) |
0.03 |
0.13 |
0.17 |
7,317,310 |
0.12(d) |
0.16 |
0.14 |
1.99 |
7,443,910 |
0.15 |
1.90 |
0.15 |
|
|
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 |
|
|
|
|
|
|
IM |
|
|
|
|
|
|
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 |
IM |
— |
0.01% |
0.09% |
0.01% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
5.23% |
$178,436 |
0.13% |
5.27% |
0.13% |
2.17 |
142 |
0.15(d) |
2.89 |
0.16 |
0.01 |
30 |
0.05(d) |
0.02 |
0.14 |
0.17 |
24,276 |
0.12(d) |
0.19 |
0.14 |
1.97 |
37,429 |
0.15 |
2.26 |
0.15 |
|
|
|
|
|
Class |
Net Expense Ratio |
Gross Expense Ratio |
JPMorgan Prime Money Market Fund |
IM |
0.13 % |
0.13 % |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
IM |
0.13 % |
0.13 % |
JPMorgan U.S. Government Money Market Fund |
IM |
0.13 % |
0.13 % |
JPMorgan U.S. Treasury Plus Money Market Fund |
IM |
0.13 % |
0.13 % |
JPMorgan Prime Money Market Fund | ||||
|
IM | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$13 |
5.00% |
4.87% |
4.87% |
June 30, 2026 |
14 |
10.25 |
9.98 |
4.87 |
June 30, 2027 |
15 |
15.76 |
15.33 |
4.87 |
June 30, 2028 |
15 |
21.55 |
20.95 |
4.87 |
June 30, 2029 |
16 |
27.63 |
26.84 |
4.87 |
June 30, 2030 |
17 |
34.01 |
33.02 |
4.87 |
June 30, 2031 |
18 |
40.71 |
39.50 |
4.87 |
June 30, 2032 |
19 |
47.75 |
46.29 |
4.87 |
June 30, 2033 |
19 |
55.13 |
53.41 |
4.87 |
June 30, 2034 |
20 |
62.89 |
60.88 |
4.87 |
JPMorgan 100% U.S. Treasury Securities Money Market Fund | ||||
|
IM | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$13 |
5.00% |
4.87% |
4.87% |
June 30, 2026 |
14 |
10.25 |
9.98 |
4.87 |
June 30, 2027 |
15 |
15.76 |
15.33 |
4.87 |
June 30, 2028 |
15 |
21.55 |
20.95 |
4.87 |
June 30, 2029 |
16 |
27.63 |
26.84 |
4.87 |
June 30, 2030 |
17 |
34.01 |
33.02 |
4.87 |
June 30, 2031 |
18 |
40.71 |
39.50 |
4.87 |
June 30, 2032 |
19 |
47.75 |
46.29 |
4.87 |
June 30, 2033 |
19 |
55.13 |
53.41 |
4.87 |
June 30, 2034 |
20 |
62.89 |
60.88 |
4.87 |
JPMorgan U.S. Government Money Market Fund | ||||
|
IM | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$13 |
5.00% |
4.87% |
4.87% |
June 30, 2026 |
14 |
10.25 |
9.98 |
4.87 |
June 30, 2027 |
15 |
15.76 |
15.33 |
4.87 |
June 30, 2028 |
15 |
21.55 |
20.95 |
4.87 |
June 30, 2029 |
16 |
27.63 |
26.84 |
4.87 |
June 30, 2030 |
17 |
34.01 |
33.02 |
4.87 |
June 30, 2031 |
18 |
40.71 |
39.50 |
4.87 |
June 30, 2032 |
19 |
47.75 |
46.29 |
4.87 |
June 30, 2033 |
19 |
55.13 |
53.41 |
4.87 |
June 30, 2034 |
20 |
62.89 |
60.88 |
4.87 |
JPMorgan U.S. Treasury Plus Money Market Fund | ||||
|
IM | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$13 |
5.00% |
4.87% |
4.87% |
June 30, 2026 |
14 |
10.25 |
9.98 |
4.87 |
June 30, 2027 |
15 |
15.76 |
15.33 |
4.87 |
June 30, 2028 |
15 |
21.55 |
20.95 |
4.87 |
June 30, 2029 |
16 |
27.63 |
26.84 |
4.87 |
June 30, 2030 |
17 |
34.01 |
33.02 |
4.87 |
June 30, 2031 |
18 |
40.71 |
39.50 |
4.87 |
June 30, 2032 |
19 |
47.75 |
46.29 |
4.87 |
June 30, 2033 |
19 |
55.13 |
53.41 |
4.87 |
June 30, 2034 |
20 |
62.89 |
60.88 |
4.87 |
JPMorgan Trust I |
811-21295 |
JPMorgan Trust II |
811-4236 |
JPMorgan Trust IV |
811-23117 |
| |
1 | |
6 | |
11 | |
15 | |
19 | |
23 | |
27 | |
32 | |
38 | |
43 | |
48 | |
53 | |
53 | |
63 | |
71 |
71 | |
74 | |
74 | |
75 | |
77 | |
77 | |
82 | |
85 | |
86 | |
86 | |
88 | |
88 | |
90 | |
90 | |
91 | |
92 | |
94 | |
116 | |
Back cover |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Institutional |
Management Fees |
0.08% |
Other Expenses |
0.17 |
Service Fees |
0.10 |
Remainder of Other Expenses |
0.07 |
Total Annual Fund Operating Expenses |
0.25 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.04 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.21 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
INSTITUTIONAL SHARES ($) |
22 |
76 |
137 |
314 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
0.86% |
Worst Quarter |
3Q 2020 1Q, 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.76% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past |
Past |
Life of Fund since |
|
1 Year |
5 Years |
03/01/2018 |
INSTITUTIONAL SHARES |
3.12 % |
1.17 % |
1.18 % |
For Institutional Class Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
| |
|
Institutional |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
INSTITUTIONAL SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
INSTITUTIONAL SHARES |
% |
% |
% |
For Institutional Class Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
| |
|
Institutional |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
INSTITUTIONAL SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
INSTITUTIONAL SHARES |
% |
% |
% |
For Institutional Class Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
| |
|
Institutional |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
INSTITUTIONAL SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
INSTITUTIONAL SHARES |
% |
% |
% |
For Institutional Class Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Institutional |
Management Fees |
0.08% |
Other Expenses |
0.15 |
Service Fees |
0.10 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.23 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.02 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.21 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
INSTITUTIONAL SHARES ($) |
22 |
72 |
127 |
291 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.32% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q and 3Q 2015 2Q, 3Q and |
0.00% |
|
4Q 2021 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.29% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
INSTITUTIONAL SHARES |
4.97 % |
1.76 % |
1.15 % |
For Institutional Class Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Institutional |
Management Fees |
0.08% |
Other Expenses |
0.15 |
Service Fees |
0.10 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.23 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.02 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.21 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
INSTITUTIONAL SHARES ($) |
22 |
72 |
127 |
291 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.31% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 4Q 2020 2Q, 3Q and |
0.00% |
|
4Q 2021 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.29% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
INSTITUTIONAL SHARES |
4.98 % |
1.75 % |
1.13 % |
For Institutional Class Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
| |
|
Institutional |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
INSTITUTIONAL SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
INSTITUTIONAL SHARES |
% |
% |
% |
For Institutional Class Shares | |
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Institutional |
Management Fees |
0.08% |
Other Expenses |
0.16 |
Service Fees |
0.10 |
Remainder of Other Expenses |
0.06 |
Total Annual Fund Operating Expenses |
0.24 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.03 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.21 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
INSTITUTIONAL SHARES ($) |
22 |
74 |
132 |
303 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.36% | |
Worst Quarter |
2Q, 3Q and |
4Q 2021 |
0.00% |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.34% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
INSTITUTIONAL SHARES |
5.17 % |
1.92 % |
1.31 % |
For Institutional Class Shares | |
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Institutional |
Management Fees |
0.08% |
Other Expenses |
0.16 |
Service Fees |
0.10 |
Remainder of Other Expenses |
0.06 |
Total Annual Fund Operating Expenses |
0.24 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.03 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.21 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
INSTITUTIONAL SHARES ($) |
22 |
74 |
132 |
303 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
0.86% |
Worst Quarter |
1Q, 2Q and 3Q 2014 1Q, 2Q and 3Q 2015 2Q and |
0.00% |
|
3Q 2021 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.78% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
INSTITUTIONAL SHARES |
3.18 % |
1.20 % |
0.83 % |
For Institutional Class Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
| |
|
Institutional |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
INSTITUTIONAL SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
INSTITUTIONAL SHARES |
% |
% |
% |
For Institutional Class Shares | |
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
| |
|
Institutional |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
INSTITUTIONAL SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
INSTITUTIONAL SHARES |
% |
% |
% |
For Institutional Class Shares |
|
To establish an account |
$10,000,000 |
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 U.S. Government Money Market Fund, U.S. Treasury Plus Money Market Fund, Liquid Assets Money Market Fund and Municipal Money Market Fund is fundamental. The investment objective for each of the Institutional Tax Free Money Market Fund, Prime Money Market Fund, 100% U.S. Treasury Securities Money Market Fund, Federal Money Market Fund, California Municipal Money Market Fund, New York Municipal Money Market Fund and Tax Free Money Market Fund is non- fundamental and may be changed without the consent of a majority of the outstanding shares of that Fund. |
|
Institutional Tax Free Money Market Fund |
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
Federal Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
California Municipal Money Market Fund |
Liquid Assets Money Market Fund |
Municipal Money Market Fund |
New York Municipal Money Market Fund |
Tax Free Money Market Fund |
Asia Pacific Market Risk |
|
○ |
|
|
|
|
|
○ |
|
|
|
Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk |
|
• |
|
• |
• |
|
|
• |
|
|
|
Concentration Risk |
|
• |
|
|
|
|
|
• |
|
|
|
Credit Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Cyber Security Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
European Market Risk |
|
○ |
|
|
|
|
|
○ |
|
|
|
Floating and Variable Rate Securities Risk |
• |
• |
○ |
• |
• |
○ |
• |
• |
• |
• |
• |
Foreign Securities Risk |
|
• |
|
|
|
|
|
• |
|
|
|
General Market Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Geographic Focus Risk |
|
○ |
|
|
|
|
• |
○ |
|
• |
|
Government Securities Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Industry and Sector Focus Risk |
• |
• |
|
|
|
|
• |
• |
• |
• |
• |
|
Institutional Tax Free Money Market Fund |
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
Federal Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
California Municipal Money Market Fund |
Liquid Assets Money Market Fund |
Municipal Money Market Fund |
New York Municipal Money Market Fund |
Tax Free Money Market Fund |
Interest Rate Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Interfund Lending Risk |
|
|
|
|
• |
|
|
• |
|
|
|
Japan Risk |
|
○ |
|
|
|
|
|
○ |
|
|
|
LIBOR Discontinuance and Unavailability Risk |
|
• |
|
|
|
|
|
• |
|
|
|
Municipal Focus Risk |
|
|
|
|
|
|
• |
|
|
• |
|
Municipal Obligations Risk |
• |
• |
|
|
|
|
• |
• |
• |
• |
• |
Net Asset Value Risk |
|
|
• |
• |
• |
• |
• |
• |
• |
• |
• |
Prepayment Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Privately Placed Securities Risk |
• |
• |
|
|
|
|
• |
• |
• |
• |
• |
Regulatory and Legal Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Repurchase Agreement Risk |
○ |
• |
|
|
• |
• |
○ |
• |
○ |
○ |
○ |
Risk Associated with the Fund Holding Cash |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Risk of California Obligations |
|
|
|
|
|
|
• |
|
|
|
|
Risk of New York Obligations |
|
|
|
|
|
|
|
|
|
• |
|
Risk of Regulation of Money Market Funds |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
State and Local Taxation Risk |
|
|
|
• |
• |
|
|
|
|
|
|
Structured Product Risk |
• |
|
|
|
|
|
• |
|
• |
• |
• |
Tax Risk |
• |
|
|
|
|
|
• |
|
• |
• |
• |
Transactions and Liquidity Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Volcker Rule Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
When-Issued, Delayed Settlement and Forward Commitment Transactions Risk |
○ |
• |
|
• |
• |
|
|
• |
|
|
|
Institutional Tax Free Money Market Fund |
0.08% |
Prime Money Market Fund |
0.08 |
100% U.S. Treasury Securities Money Market Fund |
0.08 |
Federal Money Market Fund |
0.08 |
U.S. Government Money Market Fund |
0.08 |
U.S. Treasury Plus Money Market Fund |
0.08 |
California Municipal Money Market Fund |
0.07 |
Liquid Assets Money Market Fund |
0.08 |
Municipal Money Market Fund |
0.08 |
New York Municipal Money Market Fund |
0.08 |
Tax Free Money Market Fund |
0.08 |
IMPORTANT TAX REPORTING CONSIDERATIONS |
Your Financial Intermediary or the Funds (if you hold your shares in a Fund direct account) is required to report gains and losses to the IRS in connection with redemptions of shares by S corporations purchased after January 1, 2012. If a shareholder is a corporation and has not instructed the Fund that it is a C corporation in its account application or by written instruction to J.P. Morgan Funds Services, P.O. Box 219143, Kansas City, MO 64121-9145, the Funds will treat the shareholder as an S corporation and file a Form 1099-B. |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Institutional Tax Free Money Market Fund |
|
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0002 |
$0.0315 |
$—(b) |
$0.0315 |
$(0.0315) |
$— |
$(0.0315) |
Year Ended February 28, 2023 |
1.0003 |
0.0141 |
—(b) |
0.0141 |
(0.0141) |
(0.0001) |
(0.0142) |
Year Ended February 28, 2022 |
1.0005 |
0.0001 |
(0.0002) |
(0.0001) |
(0.0001) |
—(b) |
(0.0001) |
Year Ended February 28, 2021 |
1.0000 |
0.0026 |
0.0005 |
0.0031 |
(0.0026) |
—(b) |
(0.0026) |
Year Ended February 29, 2020 |
1.0000 |
0.0122 |
—(b) |
0.0122 |
(0.0122) |
—(b) |
(0.0122) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Institutional Class |
— |
—(a) |
0.12% |
0.01% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(a) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0002 |
3.20% |
$347,708 |
0.21% |
3.15% |
0.25% |
1.0002 |
1.41 |
397,559 |
0.21(c) |
1.48 |
0.26 |
1.0003 |
(0.01) |
355,017 |
0.09(c) |
0.01 |
0.26 |
1.0005 |
0.31 |
478,239 |
0.20(c) |
0.23 |
0.26 |
1.0000 |
1.23 |
309,118 |
0.21 |
1.20 |
0.28 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Prime Money Market Fund |
|
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0005 |
$0.0523 |
$—(b) |
$0.0523 |
$(0.0523) |
$— |
$(0.0523) |
Year Ended February 28, 2023 |
1.0003 |
0.0237 |
0.0002 |
0.0239 |
(0.0237) |
— |
(0.0237) |
Year Ended February 28, 2022 |
1.0005 |
0.0005 |
(0.0002) |
0.0003 |
(0.0005) |
— |
(0.0005) |
Year Ended February 28, 2021 |
1.0005 |
0.0033 |
—(b) |
0.0033 |
(0.0033) |
—(b) |
(0.0033) |
Year Ended February 29, 2020 |
1.0003 |
0.0210 |
0.0002 |
0.0212 |
(0.0210) |
—(b) |
(0.0210) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Institutional Class |
— |
0.01% |
0.09% |
0.02% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(a) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0005 |
5.36% |
$18,483,874 |
0.21% |
5.24% |
0.23% |
1.0005 |
2.41 |
14,307,780 |
0.20(c) |
2.38 |
0.24 |
1.0003 |
0.03 |
14,794,803 |
0.12(c) |
0.05 |
0.23 |
1.0005 |
0.33 |
19,063,596 |
0.19(c) |
0.30 |
0.24 |
1.0005 |
2.14 |
15,607,982 |
0.21 |
2.07 |
0.25 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
|
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.05 |
$—(e) |
$0.05 |
$(0.05) |
$— |
$(0.05) |
Year Ended February 28, 2023 |
1.00 |
0.02 |
—(c) |
0.02 |
(0.02) |
—(c) |
(0.02) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
— |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.02 |
—(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 |
Institutional Class |
— |
—(a) |
0.16% |
0.03% |
— |
|
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 |
5.10% |
$50,823,877 |
0.21% |
5.02% |
0.23% |
1.00 |
2.07 |
28,965,801 |
0.21(d) |
2.15 |
0.24 |
1.00 |
0.01 |
23,076,533 |
0.05(d) |
0.01 |
0.23 |
1.00 |
0.12 |
24,097,829 |
0.18(d) |
0.11 |
0.24 |
1.00 |
1.87 |
22,282,460 |
0.21 |
1.83 |
0.25 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Federal Money Market Fund |
|
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
|
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) |
—(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 |
Institutional Class |
— |
0.01% |
0.16% |
0.04% |
— |
|
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 |
5.14% |
$4,275,012 |
0.21% |
5.03% |
0.24% |
1.00 |
2.14 |
3,070,971 |
0.21(d) |
2.50 |
0.26 |
1.00 |
0.01 |
1,322,211 |
0.06(d) |
0.01 |
0.25 |
1.00 |
0.13 |
2,344,288 |
0.17(d) |
0.14 |
0.25 |
1.00 |
1.90 |
2,572,379 |
0.21 |
1.90 |
0.25 |
|
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 |
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
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 |
Institutional Class |
— |
0.03% |
0.15% |
0.04% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
5.15% |
$41,207,185 |
0.21% |
5.05% |
0.23% |
2.17 |
29,664,717 |
0.18(d) |
2.15 |
0.24 |
0.01 |
27,455,761 |
0.06(d) |
0.01 |
0.23 |
0.12 |
39,608,624 |
0.17(d) |
0.11 |
0.23 |
1.92 |
43,246,064 |
0.21 |
1.89 |
0.25 |
|
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 |
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
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 |
Institutional Class |
— |
0.02% |
0.15% |
0.04% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
5.15% |
$11,726,034 |
0.21% |
5.05% |
0.23% |
2.15 |
8,222,799 |
0.19(d) |
2.05 |
0.24 |
0.01 |
7,963,115 |
0.06(d) |
0.01 |
0.24 |
0.12 |
12,055,194 |
0.17(d) |
0.13 |
0.24 |
1.90 |
16,887,054 |
0.21 |
1.88 |
0.25 |
|
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 California Municipal Money Market Fund |
|
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(e) |
$0.03 |
$(0.03) |
$— |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(e) |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
Year Ended February 28, 2021 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
March 1, 2019 (g) through February 29, 2020 |
1.00 |
0.01 |
—(e) |
0.01 |
(0.01) |
—(e) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Institutional Class |
— |
—(a) |
0.12% |
0.01% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets(a) | ||
Net asset value, end of period |
Total return(c) |
Net assets, end of period (000's) |
Net expenses(d) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.89% |
$225,576 |
0.21% |
2.82% |
0.28% |
1.00 |
1.34 |
183,670 |
0.21(f) |
1.69 |
0.28 |
1.00 |
0.03 |
87,260 |
0.09(f) |
0.02 |
0.32 |
1.00 |
0.25 |
156,740 |
0.20(f) |
0.30 |
0.28 |
1.00 |
1.15 |
287,724 |
0.21 |
1.03 |
0.30 |
|
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 |
|
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
|
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 |
Institutional Class |
— |
—(a) |
0.05% |
—(a) |
— |
|
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 |
5.33% |
$10,258,535 |
0.21% |
5.22% |
0.24% |
1.00 |
2.37 |
8,277,974 |
0.21(d) |
3.19 |
0.24 |
1.00 |
0.02 |
1,763,092 |
0.16(d) |
0.02 |
0.25 |
1.00 |
0.32 |
3,055,814 |
0.21(d) |
0.30 |
0.24 |
1.00 |
2.12 |
3,412,753 |
0.21 |
2.07 |
0.26 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Municipal Money Market Fund |
|
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$— |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
— |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Institutional Class |
— |
—(a) |
0.09% |
0.01% |
— |
|
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 |
3.26% |
$1,053,991 |
0.21% |
3.22% |
0.24% |
1.00 |
1.43 |
836,112 |
0.21(d) |
1.37 |
0.26 |
1.00 |
0.02 |
879,357 |
0.12(d) |
0.02 |
0.27 |
1.00 |
0.35 |
834,116 |
0.20(d) |
0.38 |
0.26 |
1.00 |
1.25 |
1,688,150 |
0.21 |
1.24 |
0.29 |
|
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 New York Municipal Money Market Fund |
|
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(e) |
$0.03 |
$(0.03) |
$—(e) |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(e) |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
Year Ended February 28, 2021 |
1.00 |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
—(e) |
March 1, 2019 (g) through February 29, 2020 |
1.00 |
0.01 |
—(e) |
0.01 |
(0.01) |
—(e) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Institutional Class |
— |
— |
0.09% |
—(a) |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets(a) | ||
Net asset value, end of period |
Total return(c) |
Net assets, end of period (000's) |
Net expenses(d) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
3.21% |
$1,580,890 |
0.21% |
3.15% |
0.24% |
1.00 |
1.45 |
1,780,316 |
0.21 |
1.85 |
0.25 |
1.00 |
0.03 |
425,093 |
0.12(f) |
0.02 |
0.27 |
1.00 |
0.34 |
532,580 |
0.21(f) |
0.41 |
0.25 |
1.00 |
1.20 |
1,625,406 |
0.21 |
1.09 |
0.26 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Tax Free Money Market Fund |
|
|
|
|
|
|
|
Institutional Class |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$—(c) |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Institutional Class |
— |
— |
0.12% |
0.01% |
— |
|
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 |
3.23% |
$7,769,137 |
0.21% |
3.18% |
0.23% |
1.00 |
1.44 |
8,190,503 |
0.21 |
1.54 |
0.24 |
1.00 |
0.02 |
5,135,738 |
0.09(d) |
0.02 |
0.24 |
1.00 |
0.29 |
6,858,653 |
0.20(d) |
0.33 |
0.24 |
1.00 |
1.22 |
9,173,460 |
0.21 |
1.23 |
0.25 |
|
|
|
|
|
Class |
Net Expense Ratio |
Gross Expense Ratio |
JPMorgan Prime Money Market Fund |
Institutional |
0.21 % |
0.23 % |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
Institutional |
0.21 % |
0.23 % |
JPMorgan U.S. Government Money Market Fund |
Institutional |
0.21 % |
0.23 % |
JPMorgan U.S. Treasury Plus Money Market Fund |
Institutional |
0.21 % |
0.23 % |
JPMorgan Liquid Assets Money Market Fund |
Institutional |
0.21 % |
0.24 % |
JPMorgan Municipal Money Market Fund |
Institutional |
0.21 % |
0.24 % |
JPMorgan Prime Money Market Fund | ||||
|
Institutional Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$22 |
5.00% |
4.79% |
4.79% |
June 30, 2026 |
25 |
10.25 |
9.79 |
4.77 |
June 30, 2027 |
26 |
15.76 |
15.03 |
4.77 |
June 30, 2028 |
27 |
21.55 |
20.51 |
4.77 |
June 30, 2029 |
28 |
27.63 |
26.26 |
4.77 |
June 30, 2030 |
30 |
34.01 |
32.28 |
4.77 |
June 30, 2031 |
31 |
40.71 |
38.59 |
4.77 |
June 30, 2032 |
33 |
47.75 |
45.20 |
4.77 |
June 30, 2033 |
34 |
55.13 |
52.13 |
4.77 |
June 30, 2034 |
36 |
62.89 |
59.39 |
4.77 |
JPMorgan 100% U.S. Treasury Securities Money Market Fund | ||||
|
Institutional Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$22 |
5.00% |
4.79% |
4.79% |
June 30, 2026 |
25 |
10.25 |
9.79 |
4.77 |
June 30, 2027 |
26 |
15.76 |
15.03 |
4.77 |
June 30, 2028 |
27 |
21.55 |
20.51 |
4.77 |
June 30, 2029 |
28 |
27.63 |
26.26 |
4.77 |
June 30, 2030 |
30 |
34.01 |
32.28 |
4.77 |
June 30, 2031 |
31 |
40.71 |
38.59 |
4.77 |
June 30, 2032 |
33 |
47.75 |
45.20 |
4.77 |
June 30, 2033 |
34 |
55.13 |
52.13 |
4.77 |
June 30, 2034 |
36 |
62.89 |
59.39 |
4.77 |
JPMorgan U.S. Government Money Market Fund | ||||
|
Institutional Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$22 |
5.00% |
4.79% |
4.79% |
June 30, 2026 |
25 |
10.25 |
9.79 |
4.77 |
June 30, 2027 |
26 |
15.76 |
15.03 |
4.77 |
June 30, 2028 |
27 |
21.55 |
20.51 |
4.77 |
June 30, 2029 |
28 |
27.63 |
26.26 |
4.77 |
June 30, 2030 |
30 |
34.01 |
32.28 |
4.77 |
June 30, 2031 |
31 |
40.71 |
38.59 |
4.77 |
June 30, 2032 |
33 |
47.75 |
45.20 |
4.77 |
June 30, 2033 |
34 |
55.13 |
52.13 |
4.77 |
June 30, 2034 |
36 |
62.89 |
59.39 |
4.77 |
JPMorgan U.S. Treasury Plus Money Market Fund | ||||
|
Institutional Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$22 |
5.00% |
4.79% |
4.79% |
June 30, 2026 |
25 |
10.25 |
9.79 |
4.77 |
June 30, 2027 |
26 |
15.76 |
15.03 |
4.77 |
June 30, 2028 |
27 |
21.55 |
20.51 |
4.77 |
June 30, 2029 |
28 |
27.63 |
26.26 |
4.77 |
June 30, 2030 |
30 |
34.01 |
32.28 |
4.77 |
June 30, 2031 |
31 |
40.71 |
38.59 |
4.77 |
June 30, 2032 |
33 |
47.75 |
45.20 |
4.77 |
June 30, 2033 |
34 |
55.13 |
52.13 |
4.77 |
June 30, 2034 |
36 |
62.89 |
59.39 |
4.77 |
JPMorgan Liquid Assets Money Market Fund | ||||
|
Institutional Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$22 |
5.00% |
4.79% |
4.79% |
June 30, 2026 |
26 |
10.25 |
9.78 |
4.76 |
June 30, 2027 |
27 |
15.76 |
15.00 |
4.76 |
June 30, 2028 |
28 |
21.55 |
20.48 |
4.76 |
June 30, 2029 |
30 |
27.63 |
26.21 |
4.76 |
June 30, 2030 |
31 |
34.01 |
32.22 |
4.76 |
June 30, 2031 |
32 |
40.71 |
38.51 |
4.76 |
June 30, 2032 |
34 |
47.75 |
45.11 |
4.76 |
June 30, 2033 |
36 |
55.13 |
52.01 |
4.76 |
June 30, 2034 |
37 |
62.89 |
59.25 |
4.76 |
JPMorgan Municipal Money Market Fund | ||||
|
Institutional Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$22 |
5.00% |
4.79% |
4.79% |
June 30, 2026 |
26 |
10.25 |
9.78 |
4.76 |
June 30, 2027 |
27 |
15.76 |
15.00 |
4.76 |
June 30, 2028 |
28 |
21.55 |
20.48 |
4.76 |
June 30, 2029 |
30 |
27.63 |
26.21 |
4.76 |
June 30, 2030 |
31 |
34.01 |
32.22 |
4.76 |
June 30, 2031 |
32 |
40.71 |
38.51 |
4.76 |
June 30, 2032 |
34 |
47.75 |
45.11 |
4.76 |
June 30, 2033 |
36 |
55.13 |
52.01 |
4.76 |
June 30, 2034 |
37 |
62.89 |
59.25 |
4.76 |
JPMorgan Trust I |
811-21295 |
JPMorgan Trust II |
811-4236 |
JPMorgan Trust IV |
811-23117 |
| |
1 | |
6 | |
9 | |
13 | |
17 | |
21 | |
26 | |
32 | |
37 | |
42 | |
47 | |
47 | |
56 | |
64 | |
64 | |
67 |
68 | |
69 | |
71 | |
71 | |
76 | |
79 | |
80 | |
81 | |
82 | |
82 | |
84 | |
84 | |
85 | |
86 | |
88 | |
108 | |
111 | |
Back cover |
| |
|
Morgan |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
MORGAN SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
MORGAN SHARES |
% |
% |
% |
For Morgan Shares | |
To establish an account |
$1,000 |
To add to an account |
$50 |
| |
|
Morgan |
Management Fees |
|
Distribution (Rule 12b-1) Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
MORGAN SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
MORGAN SHARES |
% |
% |
% |
For Morgan Shares | |
To establish an account |
$1,000 |
To add to an account |
$50 |
| |
|
Morgan |
Management Fees |
|
Distribution (Rule 12b-1) Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
MORGAN SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
MORGAN SHARES |
% |
% |
% |
For Morgan Shares | |
To establish an account |
$1,000 |
To add to an account |
$50 |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Morgan |
Management Fees |
0.08% |
Distribution (Rule 12b-1) Fees |
0.10 |
Other Expenses |
0.40 |
Service Fees |
0.35 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.58 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
MORGAN SHARES ($) |
59 |
186 |
324 |
726 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.22% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 1Q, 2Q, 3Q and 4Q 2016 2Q, 3Q and 4Q 2020 1Q, 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.20% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
MORGAN SHARES |
4.59 % |
1.52 % |
0.93 % |
For Morgan Shares | |
To establish an account |
$1,000 |
To add to an account |
$50 |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Morgan |
Management Fees |
0.08% |
Distribution (Rule 12b-1) Fees |
0.10 |
Other Expenses |
0.40 |
Service Fees |
0.35 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.58 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
MORGAN SHARES ($) |
59 |
186 |
324 |
726 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.22% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 1Q, 2Q, 3Q and 4Q 2016 2Q, 3Q and 4Q 2020 1Q, 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.20% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
MORGAN SHARES |
4.59 % |
1.51 % |
0.92 % |
For Morgan Shares | |
To establish an account |
$1,000 |
To add to an account |
$50 |
| |
|
Morgan |
Management Fees |
|
Distribution (Rule 12b-1) Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
MORGAN SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
MORGAN SHARES |
% |
% |
% |
For Morgan Shares | |
To establish an account |
$1,000 |
To add to an account |
$50 |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Morgan |
Management Fees |
0.08% |
Distribution (Rule 12b-1) Fees |
0.10 |
Other Expenses |
0.42 |
Service Fees |
0.35 |
Remainder of Other Expenses |
0.07 |
Total Annual Fund Operating Expenses |
0.60 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.01 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.59 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
MORGAN SHARES ($) |
60 |
191 |
334 |
749 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.27% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 1Q, 2Q and 3Q 2016 3Q 2020 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.24% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
MORGAN SHARES |
4.78 % |
1.66 % |
1.06 % |
For Morgan Shares | |
To establish an account |
$1,000 |
To add to an account |
$50 |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Morgan |
Management Fees |
0.08% |
Distribution (Rule 12b-1) Fees |
0.10 |
Other Expenses |
0.42 |
Service Fees |
0.35 |
Remainder of Other Expenses |
0.07 |
Total Annual Fund Operating Expenses |
0.60 |
Fee Waivers and/or Expense Reimbursements 1 |
-0.01 |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
0.59 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
MORGAN SHARES ($) |
60 |
191 |
334 |
749 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
0.77% |
Worst Quarter |
1Q, 2Q and 3Q 2014 1Q, 2Q and 3Q 2015 1Q and 2Q 2016 3Q 2020 1Q, 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.69% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
MORGAN SHARES |
2.79 % |
0.94 % |
0.60 % |
For Morgan Shares | |
To establish an account |
$1,000 |
To add to an account |
$50 |
| |
|
Morgan |
Management Fees |
|
Distribution (Rule 12b-1) Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
MORGAN SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
MORGAN SHARES |
% |
% |
% |
For Morgan Shares | |
To establish an account |
$1,000 |
To add to an account |
$50 |
| |
|
Morgan |
Management Fees |
|
Distribution (Rule 12b-1) Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
MORGAN SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
MORGAN SHARES |
% |
% |
% |
For Morgan Shares | |
To establish an account |
$1,000 |
To add to an account |
$50 |
FUNDAMENTAL INVESTMENT OBJECTIVES |
An investment objective is fundamental if it cannot be changed without the consent of a majority of the outstanding shares of the Fund. The investment objective for each of the U.S. Government Money Market Fund, U.S. Treasury Plus Money Market Fund, Liquid Assets Money Market Fund and Municipal Money Market Fund is fundamental. The investment objective for each of the Prime Money Market Fund, 100% U.S. Treasury Securities Money Market Fund, Federal Money Market Fund, California Municipal Money Market Fund, New York Municipal Money Market Fund and Tax Free Money Market Fund is non-fundamental and may be changed without the consent of a majority of the outstanding shares of that Fund. |
|
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
Federal Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
California Municipal Money Market Fund |
Liquid Assets Money Market Fund |
Municipal Money Market Fund |
New York Municipal Money Market Fund |
Tax Free Money Market Fund |
Asia Pacific Market Risk |
○ |
|
|
|
|
|
○ |
|
|
|
Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk |
• |
|
• |
• |
|
|
• |
|
|
|
Concentration Risk |
• |
|
|
|
|
|
• |
|
|
|
Credit Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Cyber Security Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
European Market Risk |
○ |
|
|
|
|
|
○ |
|
|
|
Floating and Variable Rate Securities Risk |
• |
○ |
• |
• |
○ |
• |
• |
• |
• |
• |
Foreign Securities Risk |
• |
|
|
|
|
|
• |
|
|
|
General Market Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Geographic Focus Risk |
○ |
|
|
|
|
• |
○ |
|
• |
|
Government Securities Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Industry and Sector Focus Risk |
• |
|
|
|
|
• |
• |
• |
• |
• |
Interest Rate Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
|
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
Federal Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
California Municipal Money Market Fund |
Liquid Assets Money Market Fund |
Municipal Money Market Fund |
New York Municipal Money Market Fund |
Tax Free Money Market Fund |
Interfund Lending Risk |
|
|
|
• |
|
|
• |
|
|
|
Japan Risk |
○ |
|
|
|
|
|
○ |
|
|
|
LIBOR Discontinuance or Unavailability Risk |
• |
|
|
|
|
|
• |
|
|
|
Municipal Focus Risk |
|
|
|
|
|
• |
|
|
• |
|
Municipal Obligations Risk |
• |
|
|
|
|
• |
• |
• |
• |
• |
Net Asset Value Risk |
|
• |
• |
• |
• |
• |
• |
• |
• |
• |
Prepayment Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Privately Placed Securities Risk |
• |
|
|
|
|
• |
• |
• |
• |
• |
Regulatory and Legal Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Repurchase Agreement Risk |
• |
|
|
• |
• |
○ |
• |
○ |
○ |
○ |
Risk Associated with the Fund Holding Cash |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Risk of California Obligations |
|
|
|
|
|
• |
|
|
|
|
Risk of New York Obligations |
|
|
|
|
|
|
|
|
• |
|
Risk of Regulation of Money Market Funds |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
State and Local Taxation Risk |
|
|
• |
• |
|
|
|
|
|
|
Structured Product Risk |
|
|
|
|
|
• |
|
• |
• |
• |
Tax Risk |
|
|
|
|
|
• |
|
• |
• |
• |
Transactions and Liquidity Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Volcker Rule Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
When-Issued, Delayed Settlement and Forward Commitment Transac- tions Risk |
• |
|
• |
• |
|
|
• |
|
|
|
Prime Money Market Fund |
0.08% |
100% U.S. Treasury Securities Money Market Fund |
0.08 |
Federal Money Market Fund |
0.08 |
U.S. Government Money Market Fund |
0.08 |
U.S. Treasury Plus Money Market Fund |
0.08 |
California Municipal Money Market Fund |
0.07 |
Liquid Assets Money Market Fund |
0.08 |
Municipal Money Market Fund |
0.08 |
New York Municipal Money Market Fund |
0.08 |
Tax Free Money Market Fund |
0.08 |
IMPORTANT TAX REPORTING CONSIDERATIONS |
Your Financial Intermediary or the Funds (if you hold your shares in a Fund direct account) is required to report gains and losses to the IRS in connection with redemptions of shares by S corporations purchased after January 1, 2012. If a shareholder is a corporation and has not instructed the Fund that it is a C corporation in its account application or by written instruction to J.P. Morgan Funds Services, P.O. Box 219143, Kansas City, MO 64121-9145, the Funds will treat the shareholder as an S corporation and file a Form 1099-B. |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Prime Money Market Fund |
|
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0010 |
$0.0496 |
$0.0001 |
$0.0497 |
$(0.0496) |
$— |
$(0.0496) |
Year Ended February 28, 2023 |
1.0007 |
0.0209 |
0.0003 |
0.0212 |
(0.0209) |
— |
(0.0209) |
Year Ended February 28, 2022 |
1.0011 |
0.0001 |
(0.0004) |
(0.0003) |
(0.0001) |
— |
(0.0001) |
Year Ended February 28, 2021 |
1.0008 |
0.0016 |
0.0003 |
0.0019 |
(0.0016) |
—(c) |
(0.0016) |
Year Ended February 29, 2020 |
1.0003 |
0.0180 |
0.0005 |
0.0185 |
(0.0180) |
—(c) |
(0.0180) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Morgan |
— |
0.20% |
0.34% |
0.12% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(a) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0011 |
5.08% |
$4,175,385 |
0.48% |
5.00% |
0.48% |
1.0010 |
2.14 |
1,857,527 |
0.48(b) |
2.41 |
0.50 |
1.0007 |
(0.03) |
877,230 |
0.17(b) |
0.01 |
0.50 |
1.0011 |
0.19 |
1,353,316 |
0.38(b) |
0.22 |
0.50 |
1.0008 |
1.87 |
2,880,586 |
0.51 |
1.78 |
0.51 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
|
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
|
Year Ended February 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) |
—(c) |
(0.02) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
— |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Morgan |
— |
0.05% |
0.52% |
0.34% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
4.72% |
$4,573,844 |
0.58% |
4.66% |
0.58% |
1.00 |
1.73 |
2,329,156 |
0.53(d) |
1.70 |
0.59 |
1.00 |
0.00(e) |
2,206,039 |
0.06(d) |
0.00(e) |
0.58 |
1.00 |
0.05 |
2,251,619 |
0.24(d) |
0.05 |
0.59 |
1.00 |
1.49 |
2,023,440 |
0.59 |
1.47 |
0.60 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Federal Money Market Fund |
|
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
|
Year Ended February 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) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
0.01 |
0.02 |
(0.02) |
—(c) |
(0.02) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Morgan |
— |
0.04% |
0.53% |
0.36% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
4.74% |
$289,176 |
0.59% |
4.69% |
0.60% |
1.00 |
1.81 |
135,312 |
0.55(d) |
2.16 |
0.63 |
1.00 |
0.00(e) |
55,291 |
0.06(d) |
0.00(e) |
0.64 |
1.00 |
0.06 |
53,546 |
0.23(d) |
0.05 |
0.63 |
1.00 |
1.51 |
34,728 |
0.59 |
1.48 |
0.67 |
|
Per share operating performance | |||||
|
|
Investment operations |
Distributions |
| ||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net asset value, end of period |
JPMorgan U.S. Government Money Market Fund |
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
Year Ended February 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 |
Morgan |
— |
0.04% |
0.51% |
0.33% |
— |
Ratios/Supplemental data | ||||
|
|
Ratios to average net assets | ||
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
4.77% |
$7,815,291 |
0.58% |
4.71% |
0.58% |
1.81 |
4,027,309 |
0.54(d) |
2.08 |
0.59 |
0.00(e) |
1,956,424 |
0.07(d) |
0.00(e) |
0.59 |
0.05 |
1,870,723 |
0.25(d) |
0.05 |
0.59 |
1.54 |
2,064,159 |
0.59 |
1.50 |
0.60 |
|
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 asset value, end of period |
JPMorgan U.S. Treasury Plus Money Market Fund |
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
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 |
Morgan |
— |
0.04% |
0.52% |
0.31% |
— |
Ratios/Supplemental data | ||||
|
|
Ratios to average net assets | ||
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
4.76% |
$3,596,110 |
0.58% |
4.73% |
0.58% |
1.80 |
1,110,743 |
0.55(d) |
2.21 |
0.59 |
0.00(e) |
350,701 |
0.06(d) |
0.00(e) |
0.59 |
0.04 |
436,183 |
0.28(d) |
0.05 |
0.59 |
1.52 |
734,856 |
0.59 |
1.49 |
0.60 |
|
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 California Municipal Money Market Fund |
|
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.02 |
$—(c) |
$0.02 |
$(0.02) |
$— |
$(0.02) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Morgan |
— |
0.02% |
0.49% |
0.31% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.50% |
$8,575 |
0.59% |
2.46% |
0.63% |
1.00 |
0.98 |
8,762 |
0.57(d) |
1.26 |
0.68 |
1.00 |
0.02 |
3,744 |
0.10(d) |
0.01 |
0.69 |
1.00 |
0.17 |
7,122 |
0.28(d) |
0.12 |
0.63 |
1.00 |
0.77 |
2,447 |
0.59 |
0.70 |
0.69 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Liquid Assets Money Market Fund |
|
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
|
Year Ended February 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 |
Morgan |
— |
0.02% |
0.42% |
0.19% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
4.94% |
$7,101,838 |
0.59% |
4.90% |
0.60% |
1.00 |
2.02 |
2,177,582 |
0.56(d) |
2.79 |
0.60 |
1.00 |
0.01 |
453,086 |
0.17(d) |
0.01 |
0.61 |
1.00 |
0.14 |
627,541 |
0.40(d) |
0.14 |
0.60 |
1.00 |
1.73 |
543,317 |
0.59 |
1.69 |
0.63 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Municipal Money Market Fund |
|
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$— |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
— |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Morgan |
— |
0.02% |
0.46% |
0.24% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.87% |
$66,784 |
0.59% |
2.85% |
0.60% |
1.00 |
1.07 |
36,619 |
0.57(d) |
1.16 |
0.62 |
1.00 |
0.01 |
24,236 |
0.13(d) |
0.01 |
0.63 |
1.00 |
0.22 |
43,853 |
0.35(d) |
0.16 |
0.62 |
1.00 |
0.87 |
35,473 |
0.59 |
0.84 |
0.66 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan New York Municipal Money Market Fund |
|
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$—(c) |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Morgan |
— |
0.04% |
0.46% |
0.27% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.82% |
$53,674 |
0.59% |
2.78% |
0.62% |
1.00 |
1.10 |
50,655 |
0.55(d) |
1.08 |
0.63 |
1.00 |
0.01 |
50,015 |
0.13(d) |
0.01 |
0.65 |
1.00 |
0.23 |
59,934 |
0.32(d) |
0.20 |
0.64 |
1.00 |
0.82 |
62,178 |
0.59 |
0.84 |
0.63 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Tax Free Money Market Fund |
|
|
|
|
|
|
|
Morgan |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$—(c) |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Morgan |
— |
0.02% |
0.49% |
0.29% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.85% |
$68,097 |
0.59% |
2.82% |
0.60% |
1.00 |
1.09 |
43,671 |
0.56(d) |
1.31 |
0.60 |
1.00 |
0.01 |
17,140 |
0.10(d) |
0.01 |
0.62 |
1.00 |
0.19 |
22,830 |
0.30(d) |
0.12 |
0.61 |
1.00 |
0.84 |
10,842 |
0.59 |
0.83 |
0.64 |
|
|
|
|
|
Class |
Net Expense Ratio |
Gross Expense Ratio |
JPMorgan Prime Money Market Fund |
Morgan |
0.48 % |
0.48 % |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
Morgan |
0.58 % |
0.58 % |
JPMorgan U.S. Government Money Market Fund |
Morgan |
0.58 % |
0.58 % |
JPMorgan U.S. Treasury Plus Money Market Fund |
Morgan |
0.58 % |
0.58 % |
JPMorgan Liquid Assets Money Market Fund |
Morgan |
0.59 % |
0.60 % |
JPMorgan Municipal Money Market Fund |
Morgan |
0.59 % |
0.60 % |
JPMorgan Prime Money Market Fund | ||||
|
Morgan 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 100% Treasury Securities Money Market Fund | ||||
|
Morgan Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$59 |
5.00% |
4.42% |
4.42% |
June 30, 2026 |
62 |
10.25 |
9.04 |
4.42 |
June 30, 2027 |
65 |
15.76 |
13.85 |
4.42 |
June 30, 2028 |
67 |
21.55 |
18.89 |
4.42 |
June 30, 2029 |
70 |
27.63 |
24.14 |
4.42 |
June 30, 2030 |
74 |
34.01 |
29.63 |
4.42 |
June 30, 2031 |
77 |
40.71 |
35.36 |
4.42 |
June 30, 2032 |
80 |
47.75 |
41.34 |
4.42 |
June 30, 2033 |
84 |
55.13 |
47.59 |
4.42 |
June 30, 2034 |
87 |
62.89 |
54.11 |
4.42 |
JPMorgan U.S. Government Money Market Fund | ||||
|
Morgan Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$59 |
5.00% |
4.42% |
4.42% |
June 30, 2026 |
62 |
10.25 |
9.04 |
4.42 |
June 30, 2027 |
65 |
15.76 |
13.85 |
4.42 |
June 30, 2028 |
67 |
21.55 |
18.89 |
4.42 |
June 30, 2029 |
70 |
27.63 |
24.14 |
4.42 |
June 30, 2030 |
74 |
34.01 |
29.63 |
4.42 |
June 30, 2031 |
77 |
40.71 |
35.36 |
4.42 |
June 30, 2032 |
80 |
47.75 |
41.34 |
4.42 |
June 30, 2033 |
84 |
55.13 |
47.59 |
4.42 |
June 30, 2034 |
87 |
62.89 |
54.11 |
4.42 |
JPMorgan U.S. Treasury Plus Money Market Fund | ||||
|
Morgan Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$59 |
5.00% |
4.42% |
4.42% |
June 30, 2026 |
62 |
10.25 |
9.04 |
4.42 |
June 30, 2027 |
65 |
15.76 |
13.85 |
4.42 |
June 30, 2028 |
67 |
21.55 |
18.89 |
4.42 |
June 30, 2029 |
70 |
27.63 |
24.14 |
4.42 |
June 30, 2030 |
74 |
34.01 |
29.63 |
4.42 |
June 30, 2031 |
77 |
40.71 |
35.36 |
4.42 |
June 30, 2032 |
80 |
47.75 |
41.34 |
4.42 |
June 30, 2033 |
84 |
55.13 |
47.59 |
4.42 |
June 30, 2034 |
87 |
62.89 |
54.11 |
4.42 |
JPMorgan Liquid Assets Money Market Fund | ||||
|
Morgan Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$60 |
5.00% |
4.41% |
4.41% |
June 30, 2026 |
64 |
10.25 |
9.00 |
4.40 |
June 30, 2027 |
67 |
15.76 |
13.80 |
4.40 |
June 30, 2028 |
70 |
21.55 |
18.81 |
4.40 |
June 30, 2029 |
73 |
27.63 |
24.03 |
4.40 |
June 30, 2030 |
76 |
34.01 |
29.49 |
4.40 |
June 30, 2031 |
79 |
40.71 |
35.19 |
4.40 |
June 30, 2032 |
83 |
47.75 |
41.14 |
4.40 |
June 30, 2033 |
87 |
55.13 |
47.35 |
4.40 |
June 30, 2034 |
90 |
62.89 |
53.83 |
4.40 |
JPMorgan Municipal Money Market Fund | ||||
|
Morgan Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$60 |
5.00% |
4.41% |
4.41% |
June 30, 2026 |
64 |
10.25 |
9.00 |
4.40 |
June 30, 2027 |
67 |
15.76 |
13.80 |
4.40 |
June 30, 2028 |
70 |
21.55 |
18.81 |
4.40 |
June 30, 2029 |
73 |
27.63 |
24.03 |
4.40 |
June 30, 2030 |
76 |
34.01 |
29.49 |
4.40 |
June 30, 2031 |
79 |
40.71 |
35.19 |
4.40 |
June 30, 2032 |
83 |
47.75 |
41.14 |
4.40 |
June 30, 2033 |
87 |
55.13 |
47.35 |
4.40 |
June 30, 2034 |
90 |
62.89 |
53.83 |
4.40 |
JPMorgan Trust I |
811-21295 |
JPMorgan Trust II |
811-4236 |
| |
1 | |
6 | |
9 | |
13 | |
17 | |
21 | |
26 | |
32 | |
37 | |
42 | |
47 | |
47 | |
56 | |
64 | |
64 |
66 | |
69 | |
70 | |
72 | |
72 | |
77 | |
80 | |
81 | |
81 | |
83 | |
83 | |
85 | |
85 | |
86 | |
87 | |
88 | |
108 | |
Back cover |
| |
|
Premier |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
PREMIER SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
PREMIER SHARES |
% |
% |
% |
For Premier Shares |
|
To establish an account |
$1,000,000 |
To add to an account |
No minimum levels |
| |
|
Premier |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
PREMIER SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
PREMIER SHARES |
% |
% |
% |
For Premier Shares |
|
To establish an account |
$1,000,000 |
To add to an account |
No minimum levels |
| |
|
Premier |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
PREMIER SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
PREMIER SHARES |
% |
% |
% |
For Premier Shares | |
To establish an account |
$1,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Premier |
Management Fees |
0.08% |
Other Expenses |
0.35 |
Service Fees |
0.30 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.43 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
PREMIER SHARES ($) |
44 |
138 |
241 |
542 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.26% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 1Q and 2Q 2016 2Q, 3Q and 4Q 2020 1Q, 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.24% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
PREMIER SHARES |
4.74 % |
1.61 % |
1.00 % |
For Premier Shares | |
To establish an account |
$1,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Premier |
Management Fees |
0.08% |
Other Expenses |
0.35 |
Service Fees |
0.30 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.43 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
PREMIER SHARES ($) |
44 |
138 |
241 |
542 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.26% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 1Q, 2Q and 3Q 2016 2Q, 3Q and 4Q 2020 1Q, 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.23% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
PREMIER SHARES |
4.75 % |
1.60 % |
0.99 % |
For Premier Shares | |
To establish an account |
$1,000,000 |
To add to an account |
No minimum levels |
| |
|
Premier |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
PREMIER SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
PREMIER SHARES |
% |
% |
% |
For Premier Shares | |
To establish an account |
$1,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Premier |
Management Fees |
0.08% |
Other Expenses |
0.36 |
Service Fees |
0.30 |
Remainder of Other Expenses |
0.06 |
Total Annual Fund Operating Expenses |
0.44 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
PREMIER SHARES ($) |
45 |
141 |
246 |
555 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.30% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.28% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
PREMIER SHARES |
4.93 % |
1.75 % |
1.14 % |
For Premier Shares | |
To establish an account |
$1,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Premier |
Management Fees |
0.08% |
Other Expenses |
0.36 |
Service Fees |
0.30 |
Remainder of Other Expenses |
0.06 |
Total Annual Fund Operating Expenses |
0.44 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
PREMIER SHARES ($) |
45 |
141 |
246 |
555 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
0.81% |
Worst Quarter |
1Q, 2Q and 3Q 2014 1Q, 2Q and 3Q 2015 1Q and 2Q 2016 3Q 2020 1Q, 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.73% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
PREMIER SHARES |
2.94 % |
1.03 % |
0.68 % |
For Premier Shares | |
To establish an account |
$1,000,000 |
To add to an account |
No minimum levels |
| |
|
Premier |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
PREMIER SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
PREMIER SHARES |
% |
% |
% |
For Premier Shares |
|
To establish an account |
$1,000,000 |
To add to an account |
No minimum levels |
| |
|
Premier |
Management Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
PREMIER SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
PREMIER SHARES |
% |
% |
% |
For Premier 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 U.S. Government Money Market Fund, U.S. Treasury Plus Money Market Fund, Liquid Assets Money Market Fund and Municipal Money Market Fund is fundamental. The investment objective for each of the Prime Money Market Fund, 100% U.S. Treasury Securities Money Market Fund, Federal Money Market Fund, California Municipal Money Market Fund, New York Municipal Money Market Fund and Tax Free Money Market Fund is non-fundamental and may be changed without the consent of a majority of the outstanding shares of that Fund. |
|
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
Federal Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
California Municipal Money Market Fund |
Liquid Assets Money Market Fund |
Municipal Money Market Fund |
New York Municipal Money Market Fund |
Tax Free Money Market Fund |
Asia Pacific Market Risk |
○ |
|
|
|
|
|
○ |
|
|
|
Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk |
• |
|
• |
• |
|
|
• |
|
|
|
Concentration Risk |
• |
|
|
|
|
|
• |
|
|
|
Credit Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Cyber Security Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
European Market Risk |
○ |
|
|
|
|
|
○ |
|
|
|
Floating and Variable Rate Securities Risk |
• |
○ |
• |
• |
○ |
• |
• |
• |
• |
• |
Foreign Securities Risk |
• |
|
|
|
|
|
• |
|
|
|
General Market Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Geographic Focus Risk |
○ |
|
|
|
|
• |
○ |
|
• |
|
Government Securities Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Industry and Sector Focus Risk |
• |
|
|
|
|
• |
• |
• |
• |
• |
Interest Rate Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
|
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
Federal Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
California Municipal Money Market Fund |
Liquid Assets Money Market Fund |
Municipal Money Market Fund |
New York Municipal Money Market Fund |
Tax Free Money Market Fund |
Interfund Lending Risk |
|
|
|
• |
|
|
• |
|
|
|
Japan Risk |
○ |
|
|
|
|
|
○ |
|
|
|
LIBOR Discontinuance or Unavailability Risk |
• |
|
|
|
|
|
• |
|
|
|
Municipal Focus Risk |
|
|
|
|
|
• |
|
|
• |
|
Municipal Obligations Risk |
• |
|
|
|
|
• |
• |
• |
• |
• |
Net Asset Value Risk |
|
• |
• |
• |
• |
• |
• |
• |
• |
• |
Prepayment Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Privately Placed Securities Risk |
• |
|
|
|
|
• |
• |
• |
• |
• |
Regulatory and Legal Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Repurchase Agreement Risk |
• |
|
|
• |
• |
○ |
• |
○ |
○ |
○ |
Risk Associated with the Fund Holding Cash |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Risk of California Obligations |
|
|
|
|
|
• |
|
|
|
|
Risk of New York Obligations |
|
|
|
|
|
|
|
|
• |
|
Risk of Regulation of Money Market Funds |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
State and Local Taxation Risk |
|
|
• |
• |
|
|
|
|
|
|
Structured Product Risk |
|
|
|
|
|
• |
|
• |
• |
• |
Tax Risk |
|
|
|
|
|
• |
|
• |
• |
• |
Transactions and Liquidity Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Volcker Rule Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
When-Issued, Delayed Settlement and Forward Commitment Transac- tions Risk |
• |
|
• |
• |
|
|
• |
|
|
|
Prime Money Market Fund |
0.08% |
100% U.S. Treasury Securities Money Market Fund |
0.08 |
Federal Money Market Fund |
0.08 |
U.S. Government Money Market Fund |
0.08 |
U.S. Treasury Plus Money Market Fund |
0.08 |
California Municipal Money Market Fund |
0.07 |
Liquid Assets Money Market Fund |
0.08 |
Municipal Money Market Fund |
0.08 |
New York Municipal Money Market Fund |
0.08 |
Tax Free Money Market Fund |
0.08 |
IMPORTANT TAX REPORTING CONSIDERATIONS |
Your Financial Intermediary or the Funds (if you hold your shares in a Fund direct account) is required to report gains and losses to the IRS in connection with redemptions of shares by S corporations purchased after January 1, 2012. If a shareholder is a corporation and has not instructed the Fund that it is a C corporation in its account application or by written instruction to J.P. Morgan Funds Services, P.O. Box 219143, Kansas City, MO 64121-9145, the Funds will treat the shareholder as an S corporation and file a Form 1099-B. |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Prime Money Market Fund |
|
|
|
|
|
|
|
Premier |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0007 |
$0.0501 |
$(0.0001) |
$0.0500 |
$(0.0501) |
$— |
$(0.0501) |
Year Ended February 28, 2023 |
1.0004 |
0.0214 |
0.0003 |
0.0217 |
(0.0214) |
— |
(0.0214) |
Year Ended February 28, 2022 |
1.0007 |
0.0001 |
(0.0003) |
(0.0002) |
(0.0001) |
— |
(0.0001) |
Year Ended February 28, 2021 |
1.0006 |
0.0019 |
0.0001 |
0.0020 |
(0.0019) |
—(c) |
(0.0019) |
Year Ended February 29, 2020 |
1.0003 |
0.0186 |
0.0003 |
0.0189 |
(0.0186) |
—(c) |
(0.0186) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Premier |
— |
0.01% |
0.27% |
0.09% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(a) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0006 |
5.12% |
$3,008,674 |
0.43% |
5.02% |
0.43% |
1.0007 |
2.19 |
2,287,879 |
0.43(b) |
2.55 |
0.44 |
1.0004 |
(0.02) |
1,007,946 |
0.16(b) |
0.01 |
0.44 |
1.0007 |
0.20 |
1,337,044 |
0.35(b) |
0.22 |
0.44 |
1.0006 |
1.91 |
2,646,576 |
0.45 |
1.83 |
0.45 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
|
|
|
|
|
|
|
Premier |
|
|
|
|
|
|
|
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) |
—(c) |
(0.02) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
— |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.02 |
—(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 |
Premier |
— |
0.02% |
0.38% |
0.19% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
4.87% |
$16,347,175 |
0.43% |
4.83% |
0.43% |
1.00 |
1.86 |
5,755,805 |
0.42(d) |
2.37 |
0.44 |
1.00 |
0.01 |
1,947,356 |
0.05(d) |
0.01 |
0.43 |
1.00 |
0.06 |
1,999,999 |
0.25(d) |
0.06 |
0.44 |
1.00 |
1.63 |
2,537,050 |
0.45 |
1.62 |
0.45 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Federal Money Market Fund |
|
|
|
|
|
|
|
Premier |
|
|
|
|
|
|
|
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) |
—(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 |
Premier |
— |
0.01% |
0.39% |
0.21% |
— |
|
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 |
4.90% |
$1,932,661 |
0.44% |
4.83% |
0.44% |
1.00 |
1.93 |
1,002,392 |
0.44(d) |
2.97 |
0.46 |
1.00 |
0.01 |
123,328 |
0.06(d) |
0.01 |
0.46 |
1.00 |
0.08 |
198,516 |
0.24(d) |
0.08 |
0.45 |
1.00 |
1.65 |
218,858 |
0.45 |
1.58 |
0.45 |
|
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 |
|
|
|
|
|
|
Premier |
|
|
|
|
|
|
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 |
Premier |
— |
0.03% |
0.37% |
0.21% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
4.92% |
$13,503,049 |
0.43% |
4.86% |
0.43% |
1.94 |
6,543,879 |
0.41(d) |
1.97 |
0.44 |
0.01 |
5,330,175 |
0.06(d) |
0.01 |
0.43 |
0.06 |
5,020,827 |
0.22(d) |
0.05 |
0.43 |
1.68 |
4,095,749 |
0.45 |
1.64 |
0.45 |
|
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 |
|
|
|
|
|
|
Premier |
|
|
|
|
|
|
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 |
Premier |
— |
0.03% |
0.38% |
0.19% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
4.91% |
$4,814,054 |
0.43% |
4.84% |
0.43% |
1.92 |
2,659,992 |
0.41(d) |
2.02 |
0.44 |
0.01 |
2,032,795 |
0.06(d) |
0.01 |
0.44 |
0.05 |
1,694,724 |
0.25(d) |
0.04 |
0.44 |
1.66 |
1,439,412 |
0.45 |
1.60 |
0.45 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan California Municipal Money Market Fund |
|
|
|
|
|
|
|
Premier |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$— |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Premier |
— |
0.01% |
0.36% |
0.18% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.64% |
$138,655 |
0.45% |
2.58% |
0.48% |
1.00 |
1.10 |
181,845 |
0.44(d) |
1.26 |
0.49 |
1.00 |
0.02 |
126,122 |
0.09(d) |
0.01 |
0.52 |
1.00 |
0.19 |
101,991 |
0.27(d) |
0.20 |
0.48 |
1.00 |
0.91 |
233,249 |
0.45 |
0.87 |
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 |
|
|
|
|
|
|
|
Premier |
|
|
|
|
|
|
|
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 |
Premier |
— |
—(a) |
0.28% |
0.10% |
— |
|
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 |
5.10% |
$25,760,284 |
0.44% |
5.02% |
0.44% |
1.00 |
2.15 |
12,312,271 |
0.43(d) |
3.20 |
0.44 |
1.00 |
0.01 |
1,532,491 |
0.17(d) |
0.01 |
0.45 |
1.00 |
0.19 |
2,373,258 |
0.35(d) |
0.19 |
0.44 |
1.00 |
1.87 |
3,031,847 |
0.45 |
1.77 |
0.46 |
|
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 Municipal Money Market Fund |
|
|
|
|
|
|
|
Premier |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$— |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
— |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Premier |
— |
—(a) |
0.32% |
0.10% |
— |
|
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 |
3.02% |
$345,287 |
0.44% |
3.00% |
0.44% |
1.00 |
1.20 |
156,828 |
0.44(d) |
1.51 |
0.46 |
1.00 |
0.01 |
37,902 |
0.13(d) |
0.01 |
0.47 |
1.00 |
0.23 |
69,237 |
0.35(d) |
0.28 |
0.47 |
1.00 |
1.01 |
135,261 |
0.45 |
1.00 |
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 New York Municipal Money Market Fund |
|
|
|
|
|
|
|
Premier |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$—(c) |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Premier |
— |
—(a) |
0.33% |
0.11% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.97% |
$410,398 |
0.44% |
2.92% |
0.44% |
1.00 |
1.22 |
492,280 |
0.44(d) |
1.68 |
0.45 |
1.00 |
0.01 |
97,415 |
0.12(d) |
0.01 |
0.47 |
1.00 |
0.25 |
91,945 |
0.34(d) |
0.38 |
0.45 |
1.00 |
0.96 |
742,781 |
0.45 |
0.95 |
0.47 |
|
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 Tax Free Money Market Fund |
|
|
|
|
|
|
|
Premier |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$—(c) |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Premier |
— |
—(a) |
0.33% |
0.14% |
— |
|
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 |
3.01% |
$1,220,261 |
0.43% |
2.97% |
0.43% |
1.00 |
1.22 |
871,759 |
0.43(d) |
1.49 |
0.44 |
1.00 |
0.01 |
338,064 |
0.10(d) |
0.01 |
0.44 |
1.00 |
0.21 |
498,856 |
0.29(d) |
0.26 |
0.44 |
1.00 |
0.98 |
847,483 |
0.45 |
0.99 |
0.45 |
|
|
|
|
|
Class |
Net Expense Ratio |
Gross Expense Ratio |
JPMorgan Prime Money Market Fund |
Premier |
0.43 % |
0.43 % |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
Premier |
0.43 % |
0.43 % |
JPMorgan U.S. Government Money Market Fund |
Premier |
0.43 % |
0.43 % |
JPMorgan U.S. Treasury Plus Money Market Fund |
Premier |
0.43 % |
0.43 % |
JPMorgan Liquid Assets Money Market Fund |
Premier |
0.44 % |
0.44 % |
JPMorgan Municipal Money Market Fund |
Premier |
0.44 % |
0.44 % |
JPMorgan Prime Money Market Fund | ||||
|
Premier Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$44 |
5.00% |
4.57% |
4.57% |
June 30, 2026 |
46 |
10.25 |
9.35 |
4.57 |
June 30, 2027 |
48 |
15.76 |
14.35 |
4.57 |
June 30, 2028 |
50 |
21.55 |
19.57 |
4.57 |
June 30, 2029 |
53 |
27.63 |
25.04 |
4.57 |
June 30, 2030 |
55 |
34.01 |
30.75 |
4.57 |
June 30, 2031 |
58 |
40.71 |
36.73 |
4.57 |
June 30, 2032 |
60 |
47.75 |
42.97 |
4.57 |
June 30, 2033 |
63 |
55.13 |
49.51 |
4.57 |
June 30, 2034 |
66 |
62.89 |
56.34 |
4.57 |
JPMorgan 100% U.S. Treasury Securities Money Market Fund | ||||
|
Premier Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$44 |
5.00% |
4.57% |
4.57% |
June 30, 2026 |
46 |
10.25 |
9.35 |
4.57 |
June 30, 2027 |
48 |
15.76 |
14.35 |
4.57 |
June 30, 2028 |
50 |
21.55 |
19.57 |
4.57 |
June 30, 2029 |
53 |
27.63 |
25.04 |
4.57 |
June 30, 2030 |
55 |
34.01 |
30.75 |
4.57 |
June 30, 2031 |
58 |
40.71 |
36.73 |
4.57 |
June 30, 2032 |
60 |
47.75 |
42.97 |
4.57 |
June 30, 2033 |
63 |
55.13 |
49.51 |
4.57 |
June 30, 2034 |
66 |
62.89 |
56.34 |
4.57 |
JPMorgan U.S. Government Money Market Fund | ||||
|
Premier Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$44 |
5.00% |
4.57% |
4.57% |
June 30, 2026 |
46 |
10.25 |
9.35 |
4.57 |
June 30, 2027 |
48 |
15.76 |
14.35 |
4.57 |
June 30, 2028 |
50 |
21.55 |
19.57 |
4.57 |
June 30, 2029 |
53 |
27.63 |
25.04 |
4.57 |
June 30, 2030 |
55 |
34.01 |
30.75 |
4.57 |
June 30, 2031 |
58 |
40.71 |
36.73 |
4.57 |
June 30, 2032 |
60 |
47.75 |
42.97 |
4.57 |
June 30, 2033 |
63 |
55.13 |
49.51 |
4.57 |
June 30, 2034 |
66 |
62.89 |
56.34 |
4.57 |
JPMorgan U.S. Treasury Plus Money Market Fund | ||||
|
Premier Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$44 |
5.00% |
4.57% |
4.57% |
June 30, 2026 |
46 |
10.25 |
9.35 |
4.57 |
June 30, 2027 |
48 |
15.76 |
14.35 |
4.57 |
June 30, 2028 |
50 |
21.55 |
19.57 |
4.57 |
June 30, 2029 |
53 |
27.63 |
25.04 |
4.57 |
June 30, 2030 |
55 |
34.01 |
30.75 |
4.57 |
June 30, 2031 |
58 |
40.71 |
36.73 |
4.57 |
June 30, 2032 |
60 |
47.75 |
42.97 |
4.57 |
June 30, 2033 |
63 |
55.13 |
49.51 |
4.57 |
June 30, 2034 |
66 |
62.89 |
56.34 |
4.57 |
JPMorgan Liquid Assets Money Market Fund | ||||
|
Premier Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$45 |
5.00% |
4.56% |
4.56% |
June 30, 2026 |
47 |
10.25 |
9.33 |
4.56 |
June 30, 2027 |
49 |
15.76 |
14.31 |
4.56 |
June 30, 2028 |
51 |
21.55 |
19.53 |
4.56 |
June 30, 2029 |
54 |
27.63 |
24.98 |
4.56 |
June 30, 2030 |
56 |
34.01 |
30.68 |
4.56 |
June 30, 2031 |
59 |
40.71 |
36.63 |
4.56 |
June 30, 2032 |
61 |
47.75 |
42.86 |
4.56 |
June 30, 2033 |
64 |
55.13 |
49.38 |
4.56 |
June 30, 2034 |
67 |
62.89 |
56.19 |
4.56 |
JPMorgan Municipal Money Market Fund | ||||
|
Premier Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$45 |
5.00% |
4.56% |
4.56% |
June 30, 2026 |
47 |
10.25 |
9.33 |
4.56 |
June 30, 2027 |
49 |
15.76 |
14.31 |
4.56 |
June 30, 2028 |
51 |
21.55 |
19.53 |
4.56 |
June 30, 2029 |
54 |
27.63 |
24.98 |
4.56 |
June 30, 2030 |
56 |
34.01 |
30.68 |
4.56 |
June 30, 2031 |
59 |
40.71 |
36.63 |
4.56 |
June 30, 2032 |
61 |
47.75 |
42.86 |
4.56 |
June 30, 2033 |
64 |
55.13 |
49.38 |
4.56 |
June 30, 2034 |
67 |
62.89 |
56.19 |
4.56 |
JPMorgan Trust I |
811-21295 |
JPMorgan Trust II |
811-4236 |
| |
1 | |
6 | |
9 | |
13 | |
17 | |
23 | |
28 | |
33 | |
33 | |
40 | |
48 | |
48 | |
49 | |
51 | |
51 |
52 | |
54 | |
54 | |
59 | |
61 | |
62 | |
62 | |
64 | |
64 | |
66 | |
66 | |
67 | |
68 | |
70 | |
84 | |
87 | |
Back cover |
| |
|
Reserve |
Management Fees |
|
Distribution (Rule 12b-1) Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
RESERVE SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
RESERVE SHARES |
% |
% |
% |
For Reserve Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
| |
|
Reserve |
Management Fees |
|
Distribution (Rule 12b-1) Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
RESERVE SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
RESERVE SHARES |
% |
% |
% |
For Reserve Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Reserve |
Management Fees |
0.08% |
Distribution (Rule 12b-1) Fees |
0.25 |
Other Expenses |
0.35 |
Service Fees |
0.30 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.68 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
RESERVE SHARES ($) |
69 |
218 |
379 |
847 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.20% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 1Q, 2Q, 3Q and 4Q 2016 2Q, 3Q and 4Q 2020 1Q, 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.18% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
RESERVE SHARES |
4.48 % |
1.46 % |
0.88 % |
For Reserve Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Reserve |
Management Fees |
0.08% |
Distribution (Rule 12b-1) Fees |
0.25 |
Other Expenses |
0.35 |
Service Fees |
0.30 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
0.68 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
RESERVE SHARES ($) |
69 |
218 |
379 |
847 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.19% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 1Q, 2Q, 3Q and 4Q 2016 1Q 2017 2Q, 3Q and 4Q 2020 1Q, 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.17% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
RESERVE SHARES |
4.49 % |
1.45 % |
0.87 % |
For Reserve Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Reserve |
Management Fees |
0.08% |
Distribution (Rule 12b-1) Fees |
0.25 |
Other Expenses |
0.36 |
Service Fees |
0.30 |
Remainder of Other Expenses |
0.06 |
Total Annual Fund Operating Expenses |
0.69 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
RESERVE SHARES ($) |
70 |
221 |
384 |
859 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.24% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 1Q, 2Q and 3Q 2016 3Q 2020 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.22% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
RESERVE SHARES |
4.67 % |
1.59 % |
1.00 % |
For Reserve Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
| |
|
Reserve |
Management Fees |
|
Distribution (Rule 12b-1) Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
RESERVE SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
RESERVE SHARES |
% |
% |
% |
For Reserve Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
| |
|
Reserve |
Management Fees |
|
Distribution (Rule 12b-1) Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
RESERVE SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
RESERVE SHARES |
% |
% |
% |
For Reserve Shares |
|
To establish an account |
$10,000,000 |
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 U.S. Government Money Market Fund, U.S. Treasury Plus Money Market Fund and Liquid Assets Money Market Fund is fundamental. The investment objective for each of the Prime Money Market Fund, 100% U.S. Treasury Securities Money Market Fund, New York Municipal Money Market Fund and Tax Free Money Market Fund is non- fundamental and may be changed without the consent of a majority of the outstanding shares of that Fund. |
|
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
Liquid Assets Money Market Fund |
New York Municipal Money Market Fund |
Tax Free Money Market Fund |
Asia Pacific Market Risk |
○ |
|
|
|
○ |
|
|
Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk |
• |
|
• |
|
• |
|
|
Concentration Risk |
• |
|
|
|
• |
|
|
Credit Risk |
• |
• |
• |
• |
• |
• |
• |
Cyber Security Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
European Market Risk |
○ |
|
|
|
○ |
|
|
Floating and Variable Rate Securities Risk |
• |
○ |
• |
○ |
• |
• |
• |
Foreign Securities Risk |
• |
|
|
|
• |
|
|
General Market Risk |
• |
• |
• |
• |
• |
• |
• |
Geographic Focus Risk |
○ |
|
|
|
○ |
• |
|
Government Securities Risk |
• |
• |
• |
• |
• |
• |
• |
Industry and Sector Focus Risk |
• |
|
|
|
• |
• |
• |
Interest Rate Risk |
• |
• |
• |
• |
• |
• |
• |
|
Prime Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
Liquid Assets Money Market Fund |
New York Municipal Money Market Fund |
Tax Free Money Market Fund |
Interfund Lending Risk |
|
|
• |
|
• |
|
|
Japan Risk |
○ |
|
|
|
○ |
|
|
LIBOR Discontinuance or Unavailability Risk |
• |
|
|
|
• |
|
|
Municipal Focus Risk |
|
|
|
|
|
• |
|
Municipal Obligations Risk |
• |
|
|
|
• |
• |
• |
Net Asset Value Risk |
|
• |
• |
• |
• |
• |
• |
Prepayment Risk |
• |
• |
• |
• |
• |
• |
• |
Privately Placed Securities Risk |
• |
|
|
|
• |
• |
• |
Regulatory and Legal Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
Repurchase Agreement Risk |
• |
|
• |
• |
• |
○ |
○ |
Risk Associated with the Fund Holding Cash |
• |
• |
• |
• |
• |
• |
• |
Risk of New York Obligations |
|
|
|
|
|
• |
|
Risk of Regulation of Money Market Funds |
• |
• |
• |
• |
• |
• |
• |
State and Local Taxation Risk |
|
|
• |
|
|
|
|
Structured Product Risk |
|
|
|
|
|
• |
• |
Tax Risk |
|
|
|
|
|
• |
• |
Transactions and Liquidity Risk |
• |
• |
• |
• |
• |
• |
• |
Volcker Rule Risk |
○ |
○ |
○ |
○ |
○ |
○ |
○ |
When-Issued, Delayed Settlement and Forward Commitment Transactions Risk |
• |
|
• |
|
• |
|
|
Prime Money Market Fund |
0.08% |
100% U.S. Treasury Securities Money Market Fund |
0.08 |
U.S. Government Money Market Fund |
0.08 |
U.S. Treasury Plus Money Market Fund |
0.08 |
Liquid Assets Money Market Fund |
0.08 |
New York Municipal Money Market Fund |
0.08 |
Tax Free Money Market Fund |
0.08 |
IMPORTANT TAX REPORTING CONSIDERATIONS |
Your Financial Intermediary or the Funds (if you hold your shares in a Fund direct account) is required to report gains and losses to the IRS in connection with redemptions of shares by S corporations purchased after January 1, 2012. If a shareholder is a corporation and has not instructed the Fund that it is a C corporation in its account application or by written instruction to J.P. Morgan Funds Services, P.O. Box 219143, Kansas City, MO 64121-9145, the Funds will treat the shareholder as an S corporation and file a Form 1099-B. |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Prime Money Market Fund |
|
|
|
|
|
|
|
Reserve |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.0008 |
$0.0474 |
$—(c) |
$0.0474 |
$(0.0474) |
$— |
$(0.0474) |
Year Ended February 28, 2023 |
1.0006 |
0.0192 |
0.0002 |
0.0194 |
(0.0192) |
— |
(0.0192) |
Year Ended February 28, 2022 |
1.0009 |
0.0001 |
(0.0003) |
(0.0002) |
(0.0001) |
— |
(0.0001) |
Year Ended February 28, 2021 |
1.0007 |
0.0010 |
0.0002 |
0.0012 |
(0.0010) |
—(c) |
(0.0010) |
Year Ended February 29, 2020 |
1.0003 |
0.0161 |
0.0004 |
0.0165 |
(0.0161) |
—(c) |
(0.0161) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Reserve |
— |
0.05% |
0.54% |
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(a) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.0008 |
4.84% |
$3,271 |
0.70% |
4.74% |
1.56% |
1.0008 |
1.96 |
3,295 |
0.65(b) |
1.97 |
1.14 |
1.0006 |
(0.02) |
2,852 |
0.16(b) |
0.01 |
2.42 |
1.0009 |
0.12 |
1,084 |
0.53(b) |
0.33 |
2.00 |
1.0007 |
1.66 |
12,017 |
0.70 |
1.59 |
0.94 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
|
|
|
|
|
|
|
Reserve |
|
|
|
|
|
|
|
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) |
—(c) |
(0.02) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
— |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Reserve |
— |
0.09% |
0.62% |
0.44% |
— |
|
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 |
4.61% |
$1,598,274 |
0.68% |
4.52% |
0.68% |
1.00 |
1.65 |
1,422,097 |
0.59(d) |
1.33 |
0.68 |
1.00 |
0.00(e) |
3,821,500 |
0.06(d) |
0.00(e) |
0.68 |
1.00 |
0.04 |
2,893,380 |
0.25(d) |
0.03 |
0.69 |
1.00 |
1.38 |
2,102,023 |
0.70 |
1.34 |
0.70 |
|
Per share operating performance | |||||
|
|
Investment operations |
Distributions |
| ||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net asset value, end of period |
JPMorgan U.S. Government Money Market Fund |
|
|
|
|
|
|
Reserve |
|
|
|
|
|
|
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 |
0.01 |
—(c) |
0.01 |
(0.01) |
1.00 |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Reserve |
— |
0.10% |
0.61% |
0.47% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
4.66% |
$2,846,123 |
0.68% |
4.62% |
0.68% |
1.73 |
3,350,896 |
0.58(d) |
1.44 |
0.69 |
0.00(e) |
7,409,330 |
0.07(d) |
0.00(e) |
0.68 |
0.04 |
27,414 |
0.22(d) |
0.03 |
0.69 |
1.42 |
20,829 |
0.70 |
1.41 |
0.71 |
|
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 |
|
|
|
|
|
|
Reserve |
|
|
|
|
|
|
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 |
0.01 |
—(c) |
0.01 |
(0.01) |
1.00 |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Reserve |
— |
0.08% |
0.61% |
0.35% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
4.65% |
$1,232,544 |
0.68% |
4.61% |
0.68% |
1.71 |
425,906 |
0.61(d) |
2.34 |
0.69 |
0.00(e) |
244,357 |
0.07(d) |
0.00(e) |
0.68 |
0.03 |
4,562 |
0.34(d) |
0.03 |
0.74 |
1.41 |
5,966 |
0.70 |
1.41 |
0.73 |
|
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 |
|
|
|
|
|
|
|
Reserve |
|
|
|
|
|
|
|
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 |
Reserve |
— |
0.04% |
0.53% |
0.29% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
4.84% |
$17,886 |
0.69% |
4.71% |
0.69% |
1.00 |
1.94 |
28,700 |
0.66(d) |
2.58 |
0.69 |
1.00 |
0.01 |
4,231 |
0.17(d) |
0.01 |
0.70 |
1.00 |
0.11 |
5,661 |
0.40(d) |
0.11 |
0.88 |
1.00 |
1.62 |
3,797 |
0.70 |
1.62 |
0.84 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan New York Municipal Money Market Fund |
|
|
|
|
|
|
|
Reserve |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$—(c) |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(e) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Reserve |
— |
0.06% |
0.58% |
0.35% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.71% |
$1,862 |
0.70% |
2.62% |
0.76% |
1.00 |
1.01 |
1,975 |
0.64(d) |
1.01 |
0.71 |
1.00 |
0.01 |
2,142 |
0.12(d) |
0.01 |
0.72 |
1.00 |
0.21 |
1,498 |
0.34(d) |
0.20 |
0.70 |
1.00 |
0.70 |
1,122 |
0.70 |
0.71 |
0.72 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Tax Free Money Market Fund |
|
|
|
|
|
|
|
Reserve |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.03 |
$—(c) |
$0.03 |
$(0.03) |
$—(c) |
$(0.03) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
—(c) |
(0.01) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Reserve |
— |
0.07% |
0.59% |
0.39% |
— |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.75% |
$646,713 |
0.68% |
2.71% |
0.68% |
1.00 |
1.01 |
761,834 |
0.62(d) |
0.80 |
0.69 |
1.00 |
0.01 |
1,807,835 |
0.10(d) |
0.01 |
0.69 |
1.00 |
0.18 |
1,574,145 |
0.29(d) |
0.16 |
0.69 |
1.00 |
0.73 |
1,707,525 |
0.70 |
0.72 |
0.70 |
|
|
|
|
|
Class |
Net Expense Ratio |
Gross Expense Ratio |
JPMorgan Prime Money Market Fund |
Reserve |
0.70 % |
1.56 % |
JPMorgan 100% U.S. Treasury Securities Money Market Fund |
Reserve |
0.68 % |
0.68 % |
JPMorgan U.S. Government Money Market Fund |
Reserve |
0.68 % |
0.68 % |
JPMorgan U.S. Treasury Plus Money Market Fund |
Reserve |
0.68 % |
0.68 % |
JPMorgan Liquid Assets Money Market Fund |
Reserve |
0.69 % |
0.69 % |
JPMorgan Prime Money Market Fund | ||||
|
Reserve Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$72 |
5.00% |
4.30% |
4.30% |
June 30, 2026 |
166 |
10.25 |
7.89 |
3.44 |
June 30, 2027 |
171 |
15.76 |
11.60 |
3.44 |
June 30, 2028 |
177 |
21.55 |
15.44 |
3.44 |
June 30, 2029 |
183 |
27.63 |
19.41 |
3.44 |
June 30, 2030 |
189 |
34.01 |
23.52 |
3.44 |
June 30, 2031 |
196 |
40.71 |
27.77 |
3.44 |
June 30, 2032 |
203 |
47.75 |
32.16 |
3.44 |
June 30, 2033 |
210 |
55.13 |
36.71 |
3.44 |
June 30, 2034 |
217 |
62.89 |
41.41 |
3.44 |
JPMorgan 100% U.S. Treasury Securities Money Market Fund | ||||
|
Reserve Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$69 |
5.00% |
4.32% |
4.32% |
June 30, 2026 |
72 |
10.25 |
8.83 |
4.32 |
June 30, 2027 |
76 |
15.76 |
13.53 |
4.32 |
June 30, 2028 |
79 |
21.55 |
18.43 |
4.32 |
June 30, 2029 |
82 |
27.63 |
23.55 |
4.32 |
June 30, 2030 |
86 |
34.01 |
28.89 |
4.32 |
June 30, 2031 |
90 |
40.71 |
34.45 |
4.32 |
June 30, 2032 |
93 |
47.75 |
40.26 |
4.32 |
June 30, 2033 |
97 |
55.13 |
46.32 |
4.32 |
June 30, 2034 |
102 |
62.89 |
52.64 |
4.32 |
JPMorgan U.S. Government Money Market Fund | ||||
|
Reserve Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$69 |
5.00% |
4.32% |
4.32% |
June 30, 2026 |
72 |
10.25 |
8.83 |
4.32 |
June 30, 2027 |
76 |
15.76 |
13.53 |
4.32 |
June 30, 2028 |
79 |
21.55 |
18.43 |
4.32 |
June 30, 2029 |
82 |
27.63 |
23.55 |
4.32 |
June 30, 2030 |
86 |
34.01 |
28.89 |
4.32 |
June 30, 2031 |
90 |
40.71 |
34.45 |
4.32 |
June 30, 2032 |
93 |
47.75 |
40.26 |
4.32 |
June 30, 2033 |
97 |
55.13 |
46.32 |
4.32 |
June 30, 2034 |
102 |
62.89 |
52.64 |
4.32 |
JPMorgan U.S. Treasury Plus Money Market Fund | ||||
|
Reserve Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$69 |
5.00% |
4.32% |
4.32% |
June 30, 2026 |
72 |
10.25 |
8.83 |
4.32 |
June 30, 2027 |
76 |
15.76 |
13.53 |
4.32 |
June 30, 2028 |
79 |
21.55 |
18.43 |
4.32 |
June 30, 2029 |
82 |
27.63 |
23.55 |
4.32 |
June 30, 2030 |
86 |
34.01 |
28.89 |
4.32 |
June 30, 2031 |
90 |
40.71 |
34.45 |
4.32 |
June 30, 2032 |
93 |
47.75 |
40.26 |
4.32 |
June 30, 2033 |
97 |
55.13 |
46.32 |
4.32 |
June 30, 2034 |
102 |
62.89 |
52.64 |
4.32 |
JPMorgan Liquid Assets Money Market Fund | ||||
|
Reserve Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$70 |
5.00% |
4.31% |
4.31% |
June 30, 2026 |
74 |
10.25 |
8.81 |
4.31 |
June 30, 2027 |
77 |
15.76 |
13.50 |
4.31 |
June 30, 2028 |
80 |
21.55 |
18.39 |
4.31 |
June 30, 2029 |
83 |
27.63 |
23.49 |
4.31 |
June 30, 2030 |
87 |
34.01 |
28.81 |
4.31 |
June 30, 2031 |
91 |
40.71 |
34.36 |
4.31 |
June 30, 2032 |
95 |
47.75 |
40.15 |
4.31 |
June 30, 2033 |
99 |
55.13 |
46.20 |
4.31 |
June 30, 2034 |
103 |
62.89 |
52.50 |
4.31 |
JPMorgan Trust I |
811-21295 |
JPMorgan Trust II |
811-4236 |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Service |
Management Fees |
0.08% |
Distribution (Rule 12b-1) Fees |
0.60 |
Other Expenses |
0.35 |
Service Fees |
0.30 |
Remainder of Other Expenses |
0.05 |
Total Annual Fund Operating Expenses |
1.03 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SERVICE SHARES ($) |
105 |
328 |
569 |
1,259 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
1.11% |
Worst Quarter |
1Q, 2Q, 3Q and 4Q 2014 1Q, 2Q, 3Q and 4Q 2015 1Q, 2Q, 3Q and 4Q 2016 1Q and 2Q 2017 2Q, 3Q and 4Q 2020 1Q, 2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.09% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
SERVICE SHARES |
4.12 % |
1.26 % |
0.72 % |
For Service Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
| |
|
Service |
Management Fees |
|
Distribution (Rule 12b-1) Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waivers and/or Expense Reimbursements 1 |
- |
Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements 1 |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SERVICE SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
SERVICE SHARES |
% |
% |
% |
For Service Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
ANNUAL FUND OPERATING EXPENSES (Expenses that you pay each year as a percentage of the value of your investment) | |
|
Service |
Management Fees |
0.08% |
Distribution (Rule 12b-1) Fees |
0.60 |
Other Expenses |
0.37 |
Service Fees |
0.30 |
Remainder of Other Expenses |
0.07 |
Total Annual Fund Operating Expenses |
1.05 |
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SERVICE SHARES ($) |
107 |
334 |
579 |
1,283 |
YEAR-BY-YEAR RETURNS |
Best Quarter |
4Q, 2023 |
0.65% |
Worst Quarter |
1Q, 2Q and 3Q 2014 1Q, 2Q and 3Q 2015 1Q, 2Q and 3Q 2016 1Q, 2Q and 3Q 2017 3Q 2020 1Q, 2Q, 3Q and 4Q 2021 1Q and |
0.00% |
|
2Q 2022 |
The Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.58% |
. |
AVERAGE ANNUAL TOTAL RETURNS (For periods ended December 31, 2023) | |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
SERVICE SHARES |
2.33 % |
0.69 % |
0.39 % |
For Service Shares |
|
To establish an account |
$10,000,000 |
To add to an account |
No minimum levels |
| |
|
Service |
Management Fees |
|
Distribution (Rule 12b-1) Fees |
|
Other Expenses |
|
Service Fees |
|
Remainder of Other Expenses |
|
Total Annual Fund Operating Expenses |
|
| ||||
|
1 Year |
3 Years |
5 Years |
10 Years |
SERVICE SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past 1 Year |
Past 5 Years |
Past 10 Years |
SERVICE SHARES |
% |
% |
% |
For Service Shares |
|
To establish an account |
$10,000,000 |
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 U.S. Government Money Market Fund and Municipal Money Market Fund is fundamental. The investment objective for each of the California Municipal Money Market Fund and New York Municipal Money Market Fund is non-fundamental and may be changed without the consent of a majority of the outstanding shares of that Fund. |
|
U.S. Government Money Market Fund |
California Municipal Money Market Fund |
Municipal Money Market Fund |
New York Municipal Money Market Fund |
Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk |
• |
|
|
|
Credit Risk |
• |
• |
• |
• |
Cyber Security Risk |
○ |
○ |
○ |
○ |
Floating and Variable Rate Securities Risk |
• |
• |
• |
• |
General Market Risk |
• |
• |
• |
• |
Geographic Focus Risk |
|
• |
|
• |
Government Securities Risk |
• |
• |
• |
• |
Industry and Sector Focus Risk |
|
• |
• |
• |
Interest Rate Risk |
• |
• |
• |
• |
Interfund Lending Risk |
• |
|
|
|
Municipal Focus Risk |
|
• |
|
• |
Municipal Obligations Risk |
|
• |
• |
• |
Net Asset Value Risk |
• |
• |
• |
• |
Prepayment Risk |
• |
• |
• |
• |
Privately Placed Securities Risk |
|
• |
• |
• |
Regulatory and Legal Risk |
○ |
○ |
○ |
○ |
|
U.S. Government Money Market Fund |
California Municipal Money Market Fund |
Municipal Money Market Fund |
New York Municipal Money Market Fund |
Repurchase Agreement Risk |
• |
○ |
○ |
○ |
Risk Associated with the Fund Holding Cash |
• |
• |
• |
• |
Risk of California Obligations |
|
• |
|
|
Risk of New York Obligations |
|
|
|
• |
Risk of Regulation of Money Market Funds |
• |
• |
• |
• |
State and Local Taxation Risk |
• |
|
|
|
Structured Product Risk |
|
• |
• |
• |
Tax Risk |
|
• |
• |
• |
Transactions and Liquidity Risk |
• |
• |
• |
• |
Volcker Rule Risk |
○ |
○ |
○ |
○ |
When-Issued, Delayed Settlement and Forward Commitment Transactions Risk |
• |
|
|
|
U.S. Government Money Market Fund |
0.08% |
California Municipal Money Market Fund |
0.07 |
Municipal Money Market Fund |
0.08 |
New York Municipal 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 |
|
|
|
|
|
|
Service |
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.04 |
$—(c) |
$0.04 |
$(0.04) |
$1.00 |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
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 |
0.01 |
—(c) |
0.01 |
(0.01) |
1.00 |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Service |
— |
0.16% |
0.96% |
0.74% |
— |
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 |
|
|
|
|
|
|
|
|
|
|
4.30% |
$248,025 |
1.03% |
4.20% |
1.03% |
1.45 |
325,011 |
0.88(d) |
1.33 |
1.03 |
0.00(e) |
433,435 |
0.07(d) |
0.00(e) |
1.03 |
0.03 |
514,476 |
0.29(d) |
0.03 |
1.03 |
1.07 |
867,659 |
1.05 |
1.19 |
1.05 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan California Municipal Money Market Fund |
|
|
|
|
|
|
|
Service |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.02 |
$—(c) |
$0.02 |
$(0.02) |
— |
$(0.02) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Service |
— |
0.21% |
0.95% |
0.68% |
0.01% |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.03% |
$4,225 |
1.05% |
1.98% |
1.08% |
1.00 |
0.66 |
6,519 |
0.84(d) |
0.59 |
1.09 |
1.00 |
0.02 |
9,622 |
0.10(d) |
0.01 |
1.12 |
1.00 |
0.12 |
12,065 |
0.37(d) |
0.16 |
1.08 |
1.00 |
0.32 |
28,405 |
1.05(d) |
0.37 |
1.10 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan Municipal Money Market Fund |
|
|
|
|
|
|
|
Service |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.02 |
$—(c) |
$0.02 |
(0.02) |
$— |
(0.02) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
— |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Service |
— |
0.19% |
0.92% |
0.60% |
—(a) |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.41% |
$5,912 |
1.04% |
2.36% |
1.05% |
1.00 |
0.75 |
8,796 |
0.86(d) |
0.62 |
1.06 |
1.00 |
0.01 |
19,679 |
0.13(d) |
0.01 |
1.06 |
1.00 |
0.16 |
28,684 |
0.44(d) |
0.21 |
1.06 |
1.00 |
0.41 |
68,493 |
1.05(d) |
0.48 |
1.09 |
|
Per share operating performance | ||||||
|
|
Investment operations |
Distributions | ||||
|
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gains (losses) on investments |
Total from investment operations |
Net investment income |
Net realized gain |
Total distributions |
JPMorgan New York Municipal Money Market Fund |
|
|
|
|
|
|
|
Service |
|
|
|
|
|
|
|
Year Ended February 29, 2024 |
$1.00 |
$0.02 |
$—(c) |
$0.02 |
$(0.02) |
$—(c) |
$(0.02) |
Year Ended February 28, 2023 |
1.00 |
0.01 |
—(c) |
0.01 |
(0.01) |
— |
(0.01) |
Year Ended February 28, 2022 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 28, 2021 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Year Ended February 29, 2020 |
1.00 |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
—(c) |
Voluntary waivers were as follows: |
February 29, 2024 |
February 28, 2023 |
February 28, 2022 |
February 28, 2021 |
February 29, 2020 |
Service |
— |
0.20% |
0.92% |
0.63% |
0.01% |
|
Ratios/Supplemental data | ||||
|
|
|
Ratios to average net assets | ||
Net asset value, end of period |
Total return |
Net assets, end of period (000's) |
Net expenses(b) |
Net investment income (loss) |
Expenses without waivers and reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
$1.00 |
2.36% |
$965 |
1.04% |
2.29% |
1.04% |
1.00 |
0.78 |
1,846 |
0.85(d) |
0.71 |
1.06 |
1.00 |
0.01 |
2,551 |
0.13(d) |
0.01 |
1.07 |
1.00 |
0.18 |
3,729 |
0.41(d) |
0.21 |
1.11 |
1.00 |
0.36 |
8,363 |
1.05(d) |
0.45 |
1.08 |
|
|
|
|
|
Class |
Net Expense Ratio |
Gross Expense Ratio |
JPMorgan U.S. Government Money Market Fund |
Service |
1.03 % |
1.03 % |
JPMorgan Municipal Money Market Fund |
Service |
1.05 % |
1.05 % |
JPMorgan U.S. Government Money Market Fund | ||||
|
Service Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$105 |
5.00% |
3.97% |
3.97% |
June 30, 2026 |
109 |
10.25 |
8.10 |
3.97 |
June 30, 2027 |
114 |
15.76 |
12.39 |
3.97 |
June 30, 2028 |
118 |
21.55 |
16.85 |
3.97 |
June 30, 2029 |
123 |
27.63 |
21.49 |
3.97 |
June 30, 2030 |
128 |
34.01 |
26.31 |
3.97 |
June 30, 2031 |
133 |
40.71 |
31.33 |
3.97 |
June 30, 2032 |
138 |
47.75 |
36.54 |
3.97 |
June 30, 2033 |
143 |
55.13 |
41.96 |
3.97 |
June 30, 2034 |
149 |
62.89 |
47.60 |
3.97 |
JPMorgan Municipal Money Market Fund | ||||
|
Service Shares | |||
Period Ended |
Annual Costs |
Gross Cumulative Return |
Net Cumulative Return |
Net Annual Return |
June 30, 2025 |
$107 |
5.00% |
3.95% |
3.95% |
June 30, 2026 |
111 |
10.25 |
8.06 |
3.95 |
June 30, 2027 |
116 |
15.76 |
12.32 |
3.95 |
June 30, 2028 |
120 |
21.55 |
16.76 |
3.95 |
June 30, 2029 |
125 |
27.63 |
21.37 |
3.95 |
June 30, 2030 |
130 |
34.01 |
26.17 |
3.95 |
June 30, 2031 |
135 |
40.71 |
31.15 |
3.95 |
June 30, 2032 |
140 |
47.75 |
36.33 |
3.95 |
June 30, 2033 |
146 |
55.13 |
41.72 |
3.95 |
June 30, 2034 |
152 |
62.89 |
47.31 |
3.95 |
JPMorgan Trust I |
811-21295 |
JPMorgan Trust II |
811-4236 |
Fund Name |
JPMorgan Prime Money Market Fund (“Prime Money Market Fund”) |
JPMorgan 100% U.S. Treasury Securities Money Market Fund (“100% U.S. Treasury Securities Money Market Fund”) |
JPMorgan Federal Money Market Fund (“Federal Money Market Fund”) |
JPMorgan California Municipal Money Market Fund (“California Municipal Money Market Fund”) |
JPMorgan New York Municipal Money Market Fund (“New York Municipal Money Market Fund”) |
JPMorgan Tax Free Money Market Fund (“Tax Free Money Market Fund”) |
Academy |
JPAXX |
JACXX |
|
|
|
|
Agency |
VMIXX |
VPIXX |
VFIXX |
JOYXX |
JONXX |
VTIXX |
Capital |
CJPXX |
CJTXX |
JFCXX * |
|
|
|
Empower |
EJPXX |
EJTXX |
|
|
|
|
IM Shares |
JIMXX |
JSMXX |
|
|
|
|
Institutional Class |
JINXX |
JTSXX |
JFMXX |
JGCXX |
JGNXX |
JTFXX |
Morgan |
VMVXX |
HTSXX |
VFVXX |
VCAXX |
VNYXX |
VTMXX |
Premier |
VPMXX |
VHPXX |
VFPXX |
JCRXX |
JNPXX |
VXPXX |
Reserve |
JRVXX |
RJTXX |
|
|
JNYXX |
RTJXX |
Service |
|
|
|
JCVXX |
JNVXX |
|
Fund Name |
JPMorgan U.S. Government Money Market Fund (“U.S. Government Money Market Fund”) |
JPMorgan U.S. Treasury Plus Money Market Fund (“U.S. Treasury Plus Money Market Fund”) |
JPMorgan Liquid Assets Money Market Fund (“Liquid Assets Money Market Fund”) |
JPMorgan Municipal Money Market Fund (“Municipal Money Market Fund”) |
Academy |
JGAXX |
JPCXX |
|
|
Agency |
OGAXX |
AJTXX |
AJLXX |
JMAXX |
Capital |
OGVXX |
JTCXX |
CJLXX |
|
Empower |
EJGXX |
EJUXX |
|
|
IM Shares |
MGMXX |
MJPXX |
|
|
Institutional Class |
IJGXX |
IJTXX |
IJLXX |
IJMXX |
Investor |
JGMXX |
HGOXX |
HLPXX |
|
Morgan |
MJGXX |
MJTXX |
MJLXX |
MJMXX |
Premier |
OGSXX |
PJTXX |
PJLXX |
HTOXX |
Reserve |
RJGXX |
HTIXX |
HPIXX |
|
Service |
SJGXX |
|
|
SJMXX |
Fund Name |
JPMorgan Institutional Tax Free Money Market Fund (“Institutional Tax Free Money Market Fund”) |
JPMorgan Securities Lending Money Market Fund (“Securities Lending Money Market Fund”) |
Agency |
JOAXX |
|
Agency SL |
|
VSLXX |
Capital |
JOCXX |
|
IM Shares |
JOIXX |
|
Institutional Class |
JOFXX |
|
Morgan Shares: |
Academy Shares, Agency Shares, Agency SL Shares, Capital Shares, Empower Shares, IM Shares, Institutional Class Shares, Investor Shares, Premier Shares, Reserve Shares and Service Class Shares: |
|
|
J.P. Morgan Funds Services P.O. Box 219143 Kansas City, MO 64121-9143 1-800-480-4111 |
Regular mailing address: J.P. Morgan Institutional Funds Service Center P.O. Box 219265 Kansas City, MO 64121-9265 1-800-766-7722 |
|
Overnight mailing address: J.P. Morgan Institutional Funds Service Center c/o DST Systems, Inc. Suite 219265 430 W. 7th Street Kansas City, MO 64105-1407 1-800-766-7722 |
1 | |
1 | |
2 | |
3 | |
3 | |
9 | |
23 | |
23 | |
23 | |
25 | |
25 | |
25 | |
27 | |
28 | |
28 | |
29 | |
29 | |
29 | |
29 | |
30 | |
30 | |
30 | |
31 | |
31 | |
31 | |
33 | |
33 | |
34 | |
34 | |
34 | |
35 | |
36 | |
36 | |
38 | |
38 | |
38 | |
38 | |
39 |
Target Funds |
Surviving Funds |
One Group Treasury Only Money Market Fund |
JPMorgan 100% U.S Treasury Securities Money Market Fund |
One Group U.S. Government Securities Money Market Fund; JPMorgan U.S. Government Money Market Fund |
One Group Government Money Market Fund now known as JPMorgan U.S. Government Money Market Fund |
JPMorgan Liquid Assets Money Market Fund |
One Group Prime Money Market Fund now known as JPMorgan Liquid Assets Money Market Fund |
JPMorgan Treasury Plus Money Market Fund |
One Group U.S. Treasury Securities Money Market Fund now known as JPMorgan U.S. Treasury Plus Money Market Fund |
Former Name |
Current Name |
One Group Government Money Market Fund |
JPMorgan U.S. Government Money Market Fund |
One Group Municipal Money Market Fund |
JPMorgan Municipal Money Market Fund |
One Group Prime Money Market Fund |
JPMorgan Liquid Assets Money Market Fund |
One Group U.S. Treasury Securities Money Market Fund |
JPMorgan U.S. Treasury Plus Money Market Fund |
JPMorgan California Tax Free Money Market Fund |
JPMorgan California Municipal Money Market Fund |
JPMorgan New York Tax Free Money Market Fund |
JPMorgan New York Municipal Money Market Fund |
Former Name |
Current Name |
JPMorgan Prime Money Market Fund II |
JPMorgan Prime Money Market Fund |
JPMorgan Federal Money Market Fund II |
JPMorgan Federal Money Market Fund |
Fund |
Academy |
Agency |
Agency SL |
Capital |
Empower |
IM Shares |
Institutional Tax Free Money Market Fund |
|
X |
|
X |
|
X4 |
Prime Money Market Fund |
X1 |
X |
|
X |
X2 |
X4 |
Securities Lending Money Market Fund |
|
|
X3 |
|
|
|
100% U.S. Treasury Securities Money Market Fund |
|
X |
|
X |
X2 |
X4 |
Federal Money Market Fund |
|
X |
|
X * |
|
|
U.S. Government Money Market Fund |
X1 |
X |
|
X |
X2 |
X4 |
U.S. Treasury Plus Money Market Fund |
|
X |
|
X |
X2 |
X4 |
California Municipal Money Market Fund |
|
X |
|
|
|
|
Liquid Assets Money Market Fund |
|
X |
|
X |
|
|
Municipal Money Market Fund |
|
X |
|
|
|
|
New York Municipal Money Market Fund |
|
X |
|
|
|
|
Tax Free Money Market Fund |
|
X |
|
|
|
|
|
Institutional Class |
Investor |
Morgan |
Premier |
Reserve |
Service |
Institutional Tax Free Money Market Fund |
X |
|
|
|
|
|
Prime Money Market Fund |
X |
|
X |
X |
X |
|
Securities Lending Money Market Fund |
|
|
|
|
|
|
100% U.S. Treasury Securities Money Market Fund |
X |
|
X |
X |
X |
|
Federal Money Market Fund |
X |
|
X |
X |
|
|
U.S. Government Money Market Fund |
X |
X |
X |
X |
X |
X |
U.S. Treasury Plus Money Market Fund |
X |
X |
X |
X |
X |
|
Liquid Assets Money Market Fund |
X |
X |
X |
X |
X |
|
California Municipal Money Market Fund |
X |
|
X |
X |
|
X |
Municipal Money Market Fund |
X |
|
X |
X |
|
X |
New York Municipal Money Market Fund |
X |
|
X |
X |
X |
X |
Tax Free Money Market Fund |
X |
|
X |
X |
X |
|
FUND NAME |
FUND CODE |
Institutional Tax Free Money Market Fund |
1 |
Prime Money Market Fund |
2 |
Securities Lending Money Market Fund |
3 |
100% U.S. Treasury Securities Money Market Fund |
4 |
Federal Money Market Fund |
5 |
U.S. Government Money Market Fund |
6 |
U.S. Treasury Plus Money Market Fund |
7 |
California Municipal Money Market Fund |
8 |
Liquid Assets Money Market Fund |
9 |
Municipal Money Market Fund |
10 |
New York Municipal Money Market Fund |
11 |
Tax Free Money Market Fund |
12 |
Instrument |
Fund Code |
Part II Section Reference |
Asset-Backed Securities: Securities secured by company receivables, home equity loans, truck and auto loans, leases, and credit card receivables or other securities backed by other types of receivables or other assets. |
1-3, 8-12 |
Asset-Backed Securities |
Bank Obligations: Bankers’ acceptances, certificates of deposit and time deposits. Bankers’ acceptances are bills of exchange or time drafts drawn on and accepted by a commercial bank. Maturities are generally six months or less. Certificates of deposit are negotiable certificates issued by a bank for a specified period of time and earning a specified return. Time deposits are non-negotiable receipts issued by a bank in exchange for the deposit of funds. |
1-3, 8-12 |
Bank Obligations |
Borrowings: The Fund may borrow for temporary purposes and/or for investment purposes. Such a practice will result in leveraging of the Fund’s assets and may cause the Fund to liquidate portfolio positions when it would not be advantageous to do so. The Fund must maintain continuous asset coverage of 300% of the amount borrowed, with the exception for borrowings not in excess of 5% of the Fund’s total assets made for temporary administrative purposes. |
1, 3 |
Miscellaneous Investment Strategies and Risks |
Commercial Paper: Secured and unsecured short-term promissory notes issued by corporations and other entities. Maturities generally vary from a few days to nine months. |
1-3, 8-12 |
Commercial Paper |
Corporate Debt Securities: May include bonds and other debt securities of domestic and foreign issuers, including obligations of industrial, utility, banking and other corporate issuers. |
1-3, 9 |
Debt Instruments |
Demand Features: Securities that are subject to puts and standby commitments to purchase the securities at a fixed price (usually with accrued interest) within a fixed period of time following demand by a Fund. |
1-3, 6-12 |
Demand Features |
Extendable Commercial Notes: Variable rate notes which normally mature within a short period of time (e.g., one month) but which may be extended by the issuer for a maximum maturity of thirteen months. |
1-3, 8-12 |
Debt Instruments |
Instrument |
Fund Code |
Part II Section Reference |
Foreign Investments: Commercial paper of foreign issuers and obligations of foreign branches of U.S. banks and foreign banks. Foreign securities may also include American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”), European Depositary Receipts (“EDRs”) and American Depositary Securities. |
2, 3, 8-12 |
Foreign Investments (including Foreign Currencies) |
Inflation-Linked Debt Securities: Fixed and floating rate debt securities of varying maturities issued by the U.S. government as well as securities issued by other entities such as corporations, foreign governments and foreign issuers. |
3 |
Debt Instruments |
Interfund Lending: Involves lending money and borrowing money for temporary purposes through a credit facility. |
1-12 |
Miscellaneous Investment Strategies and Risks |
Investment Company Securities: Shares of other investment companies, including money market funds for which the Adviser and/or its affiliates serve as investment adviser or administrator. The Adviser will waive certain fees when investing in funds for which it serves as investment adviser, to the extent required by law or by contract. |
1-3, 5, 6, 8-12 |
Investment Company Securities and Exchange Traded Funds |
Loan Assignments and Participations: Assignments of, or participations in, all or a portion of loans to corporations or to governments, including governments in less developed countries. |
8, 10-12 |
Loans |
Mortgage-Backed Securities: Debt obligations secured by real estate loans and pools of loans such as collateralized mortgage obligations (“CMOs”), commercial mortgage- backed securities (“CMBSs”), and other asset-backed structures. |
1-3, 5, 6, 8-12 |
Mortgage-Related Securities |
Municipal Securities: Securities issued by a state or political subdivision to obtain funds for various public purposes. Municipal securities include, among others, private activity bonds and industrial development bonds, as well as general obligation notes, tax anticipation notes, bond anticipation notes, revenue anticipation notes, other short-term tax- exempt obligations, municipal leases, obligations of municipal housing authorities and single family revenue bonds. |
1-3, 8-12 |
Municipal Securities |
New Financial Products: New options and futures contracts and other financial products continue to be developed and the Fund may invest in such options, contracts and products. |
1, 3 |
Miscellaneous Investment Strategies and Risks |
Participation Certificates: Certificates representing an interest in a pool of funds or in other instruments, such as a mortgage pool. |
1-3, 8-12 |
Additional Information on the Use of Participation Certificates in Part I of the SAI |
Preferred Stock: A class of stock that generally pays a dividend at a specified rate and has preference over common stock in the payment of dividends and in liquidation. |
1 |
Equity Securities, Warrants and Rights |
Private Placements, Restricted Securities and Other Unregistered Securities: Securities not registered under the Securities Act of 1933, such as privately placed commercial paper and Rule 144A securities. |
1-3, 8-12 |
Miscellaneous Investment Strategies and Risks |
Repurchase Agreements: The purchase of a security and the simultaneous commitment to return the security to the seller at an agreed upon price on an agreed upon date. This is treated as a loan. |
1-3, 5-12 |
Repurchase Agreements |
Instrument |
Fund Code |
Part II Section Reference |
Reverse Repurchase Agreements: The sale of a security and the simultaneous commitment to buy the security back at an agreed upon price on an agreed upon date. This is treated as a borrowing by a Fund. |
1-3, 5-12 |
Reverse Repurchase Agreements |
Short-Term Funding Agreements: Agreements issued by banks and highly rated U.S. insurance companies such as Guaranteed Investment Contracts (“GICs”) and Bank Investment Contracts (“BICs”). |
2, 3, 8-12 |
Short-Term Funding Agreements |
Sovereign Obligations: Investments in debt obligations issued or guaranteed by a foreign sovereign government or its agencies, authorities or political subdivisions. |
2, 3, 9 |
Foreign Investments (including Foreign Currencies) |
Structured Investments: A security having a return tied to an underlying index or other security or asset class. Structured investments generally are individually negotiated agreements and may be traded over-the-counter. Structured investments are organized and operated to restructure the investment characteristics of the underlying security. |
1-3, 5, 6, 8-12 |
Structured Investments |
Synthetic Variable Rate Instruments: Instruments that generally involve the deposit of a long-term tax exempt bond in a custody or trust arrangement and the creation of a mechanism to adjust the long-term interest rate on the bond to a variable short-term rate and a right (subject to certain conditions) on the part of the purchaser to tender it periodically to a third party at par. |
1-3, 8-12 |
Swaps and Related Swap Products |
Temporary Defensive Positions: To respond to unusual circumstances a Fund may hold cash or deviate from its investment strategy. |
1-12 |
Miscellaneous Investment Strategies and Risks |
Treasury Receipts: A Fund may purchase interests in separately traded interest and principal component parts of U.S. Treasury obligations that are issued by banks or brokerage firms and that are created by depositing U.S. Treasury notes and U.S. Treasury bonds into a special account at a custodian bank. Receipts include Treasury Receipts (“TRs”), Treasury Investment Growth Receipts (“TIGRs”), and Certificates of Accrual on Treasury Securities (“CATS”). |
2, 3, 8-12 |
Treasury Receipts |
U.S. Government Agency Securities: Securities issued by agencies and instrumentalities of the U.S. government. These include all types of securities issued or guaranteed by the Government National Mortgage Association (“Ginnie Mae”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”), including funding notes, subordinated benchmark notes, Government-Sponsored Enterprises (“GSEs”), CMOs and Real Estate Mortgage Investment Conduits (“REMICs”). |
1-3, 5, 6, 8-12 |
Mortgage-Related Securities |
U.S. Government Obligations: May include direct obligations of the U.S. Treasury, including Treasury bills, notes and bonds, all of which are backed as to principal and interest payments by the full faith and credit of the United States, and separately traded principal and interest component parts of such obligations that are transferable through the Federal book-entry system known as Separate Trading of Registered Interest and Principal of Securities (“STRIPS”) and Coupons Under Book-Entry Safekeeping (“CUBES”). |
1-12 |
U.S. Government Obligations |
Instrument |
Fund Code |
Part II Section Reference |
Variable and Floating Rate Instruments: Obligations with interest rates which are reset daily, weekly, quarterly or some other frequency and which may be payable to a Fund on demand or at the expiration of a specified term. |
1-12 |
Debt Instruments |
When-Issued Securities, Delayed Delivery Securities and Forward Commitments: Purchase or contract to purchase securities at a fixed price for delivery at a future date. |
1-12 |
When-Issued Securities, Delayed Delivery Securities and Forward Commitments |
Zero-Coupon, Pay-in-Kind and Deferred Payment Securities: Zero-coupon securities are securities that are sold at a discount to par value and on which interest payments are not made during the life of the security. Pay- in-kind securities are securities that have interest payable by delivery of additional securities. Deferred payment securities are zero-coupon debt securities which convert on a specified date to interest bearing debt securities. |
2-12 |
Debt Instruments |
Committee |
Fiscal Year Ended February 29, 2024 |
Audit and Valuation Committee |
4 |
Compliance Committee |
4 |
Governance Committee |
6 |
Equity Committee |
7 |
ETF Committee |
4 |
Fixed Income Committee |
6 |
Money Market and Alternative Products Committee |
5 |
Name of Trustee |
Dollar Range of Equity Securities in 100% U.S. Treasury Securities Money Market Fund |
Dollar Range of Equity Securities in California Municipal Money Market Fund |
Dollar Range of Equity Securities in Federal Money Market Fund |
Dollar Range of Equity Securities in Institutional Tax Free Money Market Fund |
Dollar Range of Equity Securities in Liquid Assets Money Market Fund |
Independent Trustees |
|
|
|
|
|
John F. Finn |
None |
None |
None |
None |
None |
Stephen P. Fisher |
Over $100,000 |
None |
None |
None |
None |
Gary L. French |
None |
None |
None |
None |
Over $100,000 |
Kathleen M. Gallagher |
None |
None |
None |
None |
None |
Robert J. Grassi |
None |
None |
None |
None |
None |
Frankie D. Hughes |
None |
None |
None |
None |
Over $100,000 |
Raymond Kanner |
None |
None |
None |
None |
None |
Thomas P. Lemke |
None |
None |
None |
None |
None |
Lawrence R. Maffia |
None |
None |
None |
None |
None |
Mary E. Martinez |
None |
None |
None |
None |
None |
Marilyn McCoy |
None |
None |
None |
None |
Over $100,000 |
Dr. Robert A. Oden, Jr. |
None |
None |
None |
None |
None |
Marian U. Pardo |
None |
None |
None |
None |
None |
Emily A. Youssouf |
None |
None |
None |
None |
None |
Interested Trustees |
|
|
|
|
|
Robert Deutsch |
None |
None |
None |
None |
None |
Nina O. Shenker |
None |
None |
None |
None |
None |
Name of Trustee |
Dollar Range of Equity Securities in Municipal Money Market Fund |
Dollar Range of Equity Securities in New York Municipal Money Market Fund |
Dollar Range of Equity Securities in Prime Money Market Fund |
Dollar Range of Equity Securities in Securities Lending Money Market Fund |
Dollar Range of Equity Securities in Tax Free Money Market Fund |
Independent Trustees |
|
|
|
|
|
John F. Finn |
None |
None |
None |
None |
None |
Stephen P. Fisher |
None |
None |
None |
None |
None |
Gary L. French |
None |
None |
None |
None |
None |
Kathleen M. Gallagher |
None |
None |
Over $100,000 |
None |
None |
Robert J. Grassi |
None |
None |
None |
None |
None |
Frankie D. Hughes |
None |
None |
None |
None |
None |
Raymond Kanner |
None |
None |
None |
None |
None |
Thomas P. Lemke |
None |
None |
None |
None |
None |
Lawrence R. Maffia |
None |
None |
None |
None |
None |
Mary E. Martinez |
None |
None |
None |
None |
None |
Marilyn McCoy |
None |
None |
None |
None |
None |
Dr. Robert A. Oden, Jr. |
None |
None |
None |
None |
None |
Marian U. Pardo |
None |
None |
None |
None |
None |
Emily A. Youssouf |
None |
None |
None |
None |
None |
Interested Trustees |
|
|
|
|
|
Robert Deutsch |
None |
None |
None |
None |
None |
Nina O. Shenker |
None |
None |
None |
None |
None |
Name of Trustee |
Dollar Range of Equity Securities in U.S. Government Money Market Fund |
Dollar Range of Equity Securities in U.S. Treasury Plus Money Market Fund |
Aggregate Dollar Range of Equity Securities in All Registered Investment Companies Overseen by the Trustee in Family of Investment Companies1,2 |
Independent Trustees |
|
|
|
John F. Finn |
None |
None |
Over $100,000 |
Stephen P. Fisher |
None |
None |
Over $100,000 |
Gary L. French |
None |
None |
Over $100,000 |
Kathleen M. Gallagher |
$50,001– $100,000 |
None |
Over $100,000 |
Robert J. Grassi |
None |
None |
Over $100,000 |
Frankie D. Hughes |
None |
None |
Over $100,000 |
Raymond Kanner |
None |
None |
Over $100,000 |
Thomas P. Lemke |
None |
None |
Over $100,000 |
Lawrence R. Maffia |
None |
None |
Over $100,000 |
Mary E. Martinez |
None |
None |
Over $100,000 |
Marilyn McCoy |
None |
None |
Over $100,000 |
Dr. Robert A. Oden, Jr. |
None |
None |
Over $100,000 |
Marian U. Pardo |
None |
None |
Over $100,000 |
Emily A. Youssouf |
None |
None |
Over $100,000 |
Interested Trustees |
|
|
|
Robert Deutsch |
None |
None |
Over $100,000 |
Nina O. Shenker |
None |
Over $100,000 |
Over $100,000 |
Name of Trustee |
Institutional Tax Free Money Market Fund |
Prime Money Market Fund |
Securities Lending Money Market Fund |
100% U.S. Treasury Securities Money Market Fund |
Federal Money Market Fund |
Independent Trustees |
|
|
|
|
|
John F. Finn |
$2,127 |
$28,521 |
$2,433 |
$46,459 |
$3,642 |
Stephen P. Fisher |
1,882 |
16,799 |
2,054 |
26,933 |
2,738 |
Gary L. French |
1,791 |
12,445 |
1,914 |
19,680 |
2,402 |
Kathleen M. Gallagher |
1,882 |
16,799 |
2,054 |
26,933 |
2,738 |
Robert J. Grassi |
1,791 |
12,445 |
1,914 |
19,680 |
2,402 |
Frankie D. Hughes |
1,791 |
12,445 |
1,914 |
19,680 |
2,402 |
Raymond Kanner |
1,882 |
16,799 |
2,054 |
26,933 |
2,738 |
Thomas P. Lemke |
1,791 |
12,445 |
1,914 |
19,680 |
2,402 |
Lawrence R. Maffia |
1,791 |
12,445 |
1,914 |
19,680 |
2,402 |
Mary E. Martinez |
1,987 |
21,823 |
2,216 |
35,301 |
3,125 |
Marilyn McCoy |
1,791 |
12,445 |
1,914 |
19,680 |
2,402 |
Dr. Robert A. Oden, Jr. |
1,882 |
16,799 |
2,054 |
26,933 |
2,738 |
Marian U. Pardo |
1,882 |
16,799 |
2,054 |
26,933 |
2,738 |
Emily A. Youssouf |
1,791 |
12,445 |
1,914 |
19,680 |
2,402 |
Interested Trustees |
|
|
|
|
|
Robert Deutsch |
1,882 |
16,799 |
2,054 |
26,933 |
2,738 |
Nina O. Shenker8 |
1,791 |
12,445 |
1,914 |
19,680 |
2,402 |
Name of Trustee |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
California Municipal Money Market Fund |
Liquid Assets Money Market Fund |
Municipal Money Market Fund |
Independent Trustees |
|
|
|
|
|
John F. Finn |
$87,900 |
$13,755 |
$1,782 |
$16,874 |
$2,080 |
Stephen P. Fisher |
50,357 |
8,453 |
1,686 |
10,214 |
1,855 |
Gary L. French |
36,412 |
6,483 |
1,651 |
7,740 |
1,771 |
Kathleen M. Gallagher |
50,357 |
8,453 |
1,686 |
10,214 |
1,855 |
Robert J. Grassi |
36,412 |
6,483 |
1,651 |
7,740 |
1,771 |
Frankie D. Hughes |
36,412 |
6,483 |
1,651 |
7,740 |
1,771 |
Raymond Kanner |
50,357 |
8,453 |
1,686 |
10,214 |
1,855 |
Thomas P. Lemke |
36,412 |
6,483 |
1,651 |
7,740 |
1,771 |
Lawrence R. Maffia |
36,412 |
6,483 |
1,651 |
7,740 |
1,771 |
Mary E. Martinez |
66,447 |
10,725 |
1,727 |
13,068 |
1,951 |
Marilyn McCoy |
36,412 |
6,483 |
1,651 |
7,740 |
1,771 |
Dr. Robert A. Oden, Jr. |
50,357 |
8,453 |
1,686 |
10,214 |
1,855 |
Marian U. Pardo |
50,357 |
8,453 |
1,686 |
10,214 |
1,855 |
Name of Trustee |
U.S. Government Money Market Fund |
U.S. Treasury Plus Money Market Fund |
California Municipal Money Market Fund |
Liquid Assets Money Market Fund |
Municipal Money Market Fund |
Emily A. Youssouf |
$36,412 |
$6,483 |
$1,651 |
$7,740 |
$1,771 |
Interested Trustees |
|
|
|
|
|
Robert Deutsch |
50,357 |
8,453 |
1,686 |
10,214 |
1,855 |
Nina O. Shenker8 |
36,412 |
6,483 |
1,651 |
7,740 |
1,771 |
Name of Trustee |
New York Municipal Money Market Fund |
Tax Free Money Market Fund |
Total Compensation Paid From Fund Complex1 |
Independent Trustees |
|
|
|
John F. Finn |
$2,359 |
$5,523 |
$660,000 |
Stephen P. Fisher |
2,013 |
3,801 |
485,000 |
Gary L. French |
1,884 |
3,162 |
420,0002 |
Kathleen M. Gallagher |
2,013 |
3,801 |
485,0003 |
Robert J. Grassi |
1,884 |
3,162 |
420,000 |
Frankie D. Hughes |
1,884 |
3,162 |
420,000 |
Raymond Kanner |
2,013 |
3,801 |
485,0004 |
Thomas P. Lemke |
1,884 |
3,162 |
420,0005 |
Lawrence R. Maffia |
1,884 |
3,162 |
420,000 |
Mary E. Martinez |
2,161 |
4,539 |
560,000 |
Marilyn McCoy |
1,884 |
3,162 |
420,0006 |
Dr. Robert A. Oden, Jr. |
2,013 |
3,801 |
485,000 |
Marian U. Pardo |
2,013 |
3,801 |
485,000 |
Emily A. Youssouf |
1,884 |
3,162 |
420,0002 |
Interested Trustees |
|
|
|
Robert Deutsch |
2,013 |
3,801 |
485,0007 |
Nina O. Shenker8 |
1,884 |
3,162 |
420,0006 |
|
Fiscal Year Ended | |||||
|
February 28, 2022 |
February 28, 2023 |
February 29, 2024 | |||
Fund |
Paid |
Waived |
Paid |
Waived |
Paid |
Waived |
Institutional Tax Free Money Market Fund |
$643 |
$(647) |
$1,273 |
$(23) |
$1,145 |
$(21) |
Prime Money Market Fund |
44,902 |
(14,803) |
47,059 |
(1,661) |
61,271 |
(22) |
Securities Lending Money Market Fund |
834 |
(1,397) |
405 |
(1,004) |
920 |
(1,203) |
100% U.S. Treasury Securities Money Market Fund |
32,457 |
(46,175) |
67,591 |
(32) |
118,135 |
(35) |
Federal Money Market Fund |
522 |
(1,191) |
1,454 |
(132) |
5,455 |
(47) |
|
Fiscal Year Ended | |||||
|
February 28, 2022 |
February 28, 2023 |
February 29, 2024 | |||
Fund |
Paid |
Waived |
Paid |
Waived |
Paid |
Waived |
U.S. Government Money Market Fund |
$64,265 |
$(125,535) |
$169,706 |
$(17,051) |
$204,733 |
$(67) |
U.S. Treasury Plus Money Market Fund |
8,597 |
(12,383) |
16,999 |
(1,532) |
30,125 |
(10) |
California Municipal Money Market Fund |
24 |
(172) |
310 |
(81) |
330 |
(72) |
Liquid Assets Money Market Fund |
6,043 |
(522) |
11,546 |
(18) |
39,389 |
(812) |
Municipal Money Market Fund |
467 |
(296) |
845 |
(58) |
1,254 |
(15) |
New York Municipal Money Market Fund |
296 |
(269) |
1,137 |
(55) |
1,727 |
(5) |
Tax Free Money Market Fund |
4,295 |
(2,272) |
8,199 |
— |
8,533 |
— |
|
Fiscal Year Ended | |||||
|
February 28, 2022 |
February 28, 2023 |
February 29, 2024 | |||
Fund |
Paid |
Waived |
Paid |
Waived |
Paid |
Waived |
Institutional Tax Free Money Market Fund |
$331 |
$(425) |
$774 |
$(15) |
$554 |
$(14) |
Prime Money Market Fund |
25,209 |
(9,860) |
28,857 |
(1,093) |
29,682 |
— |
Securities Lending Money Market Fund |
379 |
(931) |
202 |
(658) |
226 |
(802) |
100% U.S. Treasury Securities Money Market Fund |
15,463 |
(30,770) |
41,535 |
(2) |
56,803 |
— |
Federal Money Market Fund |
228 |
(778) |
905 |
(88) |
2,628 |
(31) |
U.S. Government Money Market Fund |
27,997 |
(83,661) |
102,902 |
(11,312) |
99,127 |
— |
U.S. Treasury Plus Money Market Fund |
4,075 |
(8,251) |
10,371 |
(1,010) |
14,543 |
— |
California Municipal Money Market Fund |
10 |
(105) |
188 |
(54) |
150 |
(48) |
Liquid Assets Money Market Fund |
3,510 |
(341) |
7,316 |
(10) |
18,786 |
(533) |
Municipal Money Market Fund |
256 |
(192) |
513 |
(38) |
602 |
(10) |
New York Municipal Money Market Fund |
155 |
(177) |
697 |
(37) |
837 |
(3) |
Tax Free Money Market Fund |
2,342 |
(1,515) |
5,038 |
— |
4,146 |
— |
|
Fiscal Year Ended | ||
Fund |
February 28, 2022 |
February 28, 2023 |
February 29, 2024 |
Institutional Tax Free Money Market Fund |
$103 |
$107 |
$118 |
Prime Money Market Fund |
951 |
802 |
962 |
Securities Lending Money Market Fund |
118 |
110 |
132 |
100% U.S. Treasury Securities Money Market Fund |
1,160 |
1,007 |
1,436 |
Federal Money Market Fund |
45 |
45 |
99 |
|
Fiscal Year Ended | ||
Fund |
February 28, 2022 |
February 28, 2023 |
February 29, 2024 |
U.S. Government Money Market Fund |
$1,424 |
$1,424 |
$1,446 |
U.S. Treasury Plus Money Market Fund |
321 |
289 |
445 |
California Municipal Money Market Fund |
35 |
35 |
35 |
Liquid Assets Money Market Fund |
113 |
205 |
594 |
Municipal Money Market Fund |
35 |
35 |
38 |
New York Municipal Money Market Fund |
35 |
41 |
45 |
Tax Free Money Market Fund |
114 |
141 |
141 |
Fund |
Total Underwriting Discounts and Commissions |
Compensation on Redemptions and Repurchases |
Brokerage Commissions |
Other Compensation* |
100% U.S. Treasury Securities Money Market Fund |
$— |
$2,882 |
$— |
$7,256,306 |
California Municipal Money Market Fund |
— |
— |
— |
39,544 |
Federal Money Market Fund |
— |
3,749 |
— |
227,936 |
New York Municipal Money Market Fund |
— |
— |
— |
63,206 |
Prime Money Market Fund |
— |
— |
— |
8,209 |
Tax Free Money Market Fund |
— |
1,042 |
— |
1,793,782 |
Liquid Assets Money Market Fund |
1,603 |
6,873 |
— |
4,723,129 |
Municipal Money Market Fund |
— |
— |
— |
95,052 |
U.S. Government Money Market Fund |
— |
6,670 |
— |
14,799,628 |
U.S. Treasury Plus Money Market Fund |
25 |
1,369 |
— |
5,563,435 |
Institutional Tax Free Money Market Fund |
— |
— |
— |
— |
Securities Lending Money Market Fund |
— |
— |
— |
— |
Fund |
Fiscal Period Ended February 29, | ||
2022 |
2023 |
2024 | |
Prime Money Market Fund |
$— |
$— |
$— |
Liquid Assets Money Market Fund |
1,235 |
6,120 |
1,603 |
U.S. Government Money Market Fund |
1,450 |
2,745 |
— |
U.S. Treasury Plus Money Market Fund |
— |
2,518 |
25 |
Federal Money Market Fund |
— |
999 |
— |
100% U.S. Treasury Securities Money Market Fund |
— |
1,934 |
— |
Tax Free Money Market Fund |
— |
3,263 |
— |
Fund |
Fiscal Period Ended February 29, | ||
2022 |
2023 |
2024 | |
Municipal Money Market Fund |
$— |
$— |
$— |
California Municipal Money Market Fund |
— |
— |
— |
New York Municipal Money Market Fund |
— |
— |
— |
Institutional Tax Free Money Market Fund |
— |
— |
— |
Securities Lending Money Market Fund |
— |
— |
— |
|
Fiscal Year Ended | |||||
|
February 28, 2022 |
February 28, 2023 |
February 29, 2024 | |||
Fund |
Paid |
Waived |
Paid |
Waived |
Paid |
Waived |
Prime Money Market Fund | ||||||
Reserve Shares |
$— |
$(4) |
$9 |
$(2) |
$8 |
$— |
100% U.S. Treasury Securities Money Market Fund | ||||||
Morgan Shares |
— |
(2,232) |
1,584 |
(369) |
3,783 |
— |
Reserve Shares |
— |
(8,242) |
4,252 |
(1,405) |
3,473 |
— |
Federal Money Market Fund | ||||||
Morgan Shares |
— |
(50) |
69 |
(10) |
228 |
— |
U.S. Government Money Market Fund | ||||||
Morgan Shares |
— |
(2,102) |
2,072 |
(355) |
6,428 |
— |
Reserve Shares |
— |
(10,146) |
8,215 |
(3,142) |
6,033 |
— |
Service Shares |
—* |
(2,752) |
1,860 |
(495) |
1,675 |
— |
U.S. Treasury Plus Money Market Fund | ||||||
Morgan Shares |
— |
(480) |
569 |
(74) |
2,825 |
— |
Reserve Shares |
— |
(264) |
2,445 |
(611) |
2,738 |
— |
California Municipal Money Market Fund | ||||||
Morgan Shares |
— |
(4) |
5 |
(1) |
8 |
— |
Service Shares |
— |
(64) |
35 |
(16) |
32 |
— |
Liquid Assets Money Market Fund | ||||||
Morgan Shares |
— |
(539) |
694 |
(74) |
4,667 |
— |
Reserve Shares |
— |
(11) |
172 |
(26) |
56 |
— |
Municipal Money Market Fund | ||||||
Morgan Shares |
— |
(31) |
29 |
(4) |
53 |
— |
Service Shares |
— |
(141) |
67 |
(28) |
42 |
— |
New York Municipal Money Market Fund | ||||||
Morgan Shares |
— |
(54) |
38 |
(9) |
54 |
— |
Reserve Shares |
— |
(5) |
4 |
(1) |
2 |
— |
Service Shares |
— |
(18) |
9 |
(4) |
7 |
— |
Tax Free Money Market Fund | ||||||
Morgan Shares |
— |
(19) |
23 |
(3) |
59 |
— |
Reserve Shares |
10 |
(4,278) |
2,519 |
(743) |
1,735 |
— |
Academy |
up to 0.05% |
Capital |
up to 0.05% |
Empower |
up to 0.05% |
Institutional Class |
up to 0.10% |
Agency |
up to 0.15% |
Premier, Service, Reserve and |
|
Morgan and Investor |
up to 0.35%* |
Agency SL |
None |
IM |
None |
|
Fiscal Year Ended | |||||
|
February 28, 2022 |
February 28, 2023 |
February 29, 2024 | |||
Fund |
Paid |
Waived |
Paid |
Waived |
Paid |
Waived |
Institutional Tax Free Money Market Fund | ||||||
Institutional Class Shares |
$283 |
$(202) |
$247 |
$(206) |
$239 |
$(164) |
Capital Class Shares |
33 |
(43) |
54 |
(75) |
85 |
(74) |
Agency Class Shares |
—* |
(27) |
40 |
(46) |
104 |
(60) |
Prime Money Market Fund | ||||||
Capital Shares |
20,596 |
(2,378) |
14,922 |
(2,544) |
18,795 |
(734) |
Morgan Shares |
3,744 |
— |
4,142 |
— |
11,043 |
— |
Premier Shares |
3,343 |
— |
4,000 |
(3) |
8,266 |
— |
Agency Shares |
1,745 |
(355) |
2,260 |
(498) |
4,058 |
(492) |
Institutional Class Shares |
12,117 |
(3,696) |
8,944 |
(3,053) |
13,737 |
(2,454) |
Reserve Shares |
1 |
(4) |
— |
(10) |
— |
(10) |
Academy Shares |
469 |
(69) |
305 |
(59) |
372 |
(22) |
Empower Shares |
54 |
(34) |
153 |
(44) |
182 |
(16) |
100% U.S. Treasury Securities Money Market Fund | ||||||
Capital Shares |
28,392 |
(3,091) |
21,468 |
(3,367) |
35,486 |
(3,149) |
Morgan Shares |
7,801 |
(13) |
6,778 |
(58) |
13,137 |
(104) |
Premier Shares |
5,893 |
— |
8,117 |
— |
34,735 |
(86) |
Agency Shares |
4,615 |
(826) |
4,812 |
(949) |
13,415 |
(2,073) |
Institutional Class Shares |
18,330 |
(5,469) |
17,946 |
(5,900) |
34,023 |
(8,475) |
Reserve Shares |
9,890 |
— |
6,788 |
— |
4,163 |
(5) |
Academy Shares |
44 |
(6) |
63 |
(13) |
64 |
(5) |
Empower Shares |
136 |
(15) |
32 |
(7) |
262 |
(29) |
Federal Money Market Fund | ||||||
Morgan Shares |
155 |
(21) |
258 |
(20) |
785 |
(13) |
Premier Shares |
398 |
— |
923 |
— |
5,223 |
— |
Agency Shares |
238 |
(72) |
232 |
(72) |
933 |
(179) |
Institutional Class Shares |
1,144 |
(608) |
894 |
(499) |
3,152 |
(1,016) |
Capital Shares1 |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
U.S. Government Money Market Fund | ||||||
Morgan Shares |
7,325 |
(32) |
8,394 |
(100) |
22,482 |
(23) |
Premier Shares |
17,293 |
(18) |
20,224 |
(6) |
32,384 |
— |
Agency Shares |
18,221 |
(3,244) |
12,300 |
(2,393) |
17,448 |
(2,322) |
Institutional Class Shares |
22,571 |
(6,691) |
23,337 |
(7,681) |
29,888 |
(6,377) |
Reserve Shares |
12,158 |
(17) |
13,628 |
(3) |
7,241 |
— |
Service Shares |
1,376 |
— |
1,178 |
— |
838 |
— |
Capital Shares |
71,503 |
(8,509) |
65,747 |
(10,377) |
74,973 |
(3,177) |
Investor Class Shares |
6,949 |
— |
8,801 |
— |
7,518 |
— |
Academy Shares |
3,408 |
(430) |
3,709 |
(603) |
4,375 |
(162) |
Empower Shares |
1,230 |
(171) |
2,202 |
(391) |
4,703 |
(207) |
|
Fiscal Year Ended | |||||
|
February 28, 2022 |
February 28, 2023 |
February 29, 2024 | |||
Fund |
Paid |
Waived |
Paid |
Waived |
Paid |
Waived |
U.S. Treasury Plus Money Market Fund | ||||||
Morgan Shares |
$1,669 |
$(10) |
$2,215 |
$(36) |
$9,853 |
$(35) |
Capital Shares |
5,447 |
(703) |
4,695 |
(901) |
7,513 |
(555) |
Premier Shares |
5,597 |
— |
6,650 |
— |
12,807 |
— |
Agency Shares |
1,768 |
(349) |
1,319 |
(287) |
2,809 |
(446) |
Institutional Class Shares |
6,948 |
(2,321) |
5,305 |
(1,943) |
8,089 |
(2,054) |
Reserve Shares |
317 |
— |
575 |
(630) |
3,286 |
— |
Investor Class Shares |
62 |
— |
57 |
— |
56 |
— |
Academy Shares |
14 |
(2) |
55 |
(12) |
291 |
(28) |
Empower Shares |
149 |
(21) |
70 |
(20) |
133 |
(14) |
California Municipal Money Market Fund | ||||||
Morgan Shares |
14 |
(2) |
17 |
(4) |
27 |
(2) |
Premier Shares |
347 |
(3) |
501 |
(5) |
517 |
(1) |
Service Shares |
32 |
— |
25 |
— |
16 |
— |
Agency Shares |
6 |
(2) |
73 |
(27) |
58 |
(23) |
Institutional Class Shares |
65 |
(43) |
143 |
(97) |
152 |
(110) |
Liquid Assets Money Market Fund | ||||||
Morgan Shares |
1,793 |
(93) |
2,593 |
(97) |
16,129 |
(206) |
Premier Shares |
5,521 |
(28) |
13,257 |
(71) |
59,648 |
(36) |
Agency Shares |
1,057 |
(317) |
1,638 |
(434) |
4,426 |
(998) |
Institutional Class Shares |
1,424 |
(769) |
2,829 |
(1,289) |
6,924 |
(2,660) |
Reserve Shares |
13 |
—* |
36 |
(44) |
67 |
— |
Investor Class Shares |
11 |
— |
8 |
— |
41 |
— |
Capital Shares |
957 |
(382) |
1,388 |
(468) |
5,088 |
(1,139) |
Municipal Money Market Fund | ||||||
Morgan Shares |
104 |
(6) |
111 |
(5) |
180 |
(5) |
Premier Shares |
161 |
—* |
276 |
— |
861 |
— |
Agency Shares |
49 |
(18) |
110 |
(36) |
174 |
(44) |
Institutional Class Shares |
491 |
(310) |
554 |
(336) |
775 |
(319) |
Service Shares |
70 |
— |
48 |
— |
21 |
— |
New York Municipal Money Market Fund | ||||||
Morgan Shares |
164 |
(24) |
148 |
(16) |
170 |
(18) |
Premier Shares |
289 |
(2) |
702 |
(2) |
1,415 |
— |
Reserve Shares |
6 |
—* |
6 |
— |
2 |
(1) |
Service Shares |
9 |
— |
7 |
— |
4 |
— |
Institutional Class Shares |
289 |
(201) |
693 |
(348) |
969 |
(377) |
Agency Shares |
66 |
(24) |
190 |
(55) |
355 |
(81) |
Tax Free Money Market Fund | ||||||
Morgan Shares |
60 |
(6) |
88 |
(4) |
202 |
(4) |
Premier Shares |
1,183 |
— |
1,823 |
— |
3,267 |
— |
Agency Shares |
381 |
(86) |
689 |
(149) |
778 |
(108) |
Institutional Class Shares |
4,173 |
(1,596) |
5,677 |
(2,074) |
6,727 |
(1,506) |
Reserve Shares |
5,146 |
— |
3,914 |
— |
2,082 |
— |
Fund |
Name of Broker-Dealer |
Value of Securities Owned (000's) |
Institutional Tax Free Money Market Fund |
Royal Bank of Canada |
$53,235 |
Prime Money Market Fund |
Bank of America Corp. |
2,429,874 |
|
Barclays plc |
1,379,739 |
|
Erste Group Bank AG |
1,339,042 |
|
Fixed Income Clearing Corp. |
4,000,000 |
|
Goldman Sachs Group, Inc. (The) |
670,000 |
|
Mizuho Financial Group, Inc. |
4,013,497 |
|
Societe Generale SA |
1,730,000 |
|
Wells Fargo & Co. |
1,103,158 |
Securities Lending Money Market Fund |
Bank of America Corp. |
800 |
|
Barclays plc |
109,984 |
|
Crédit Agricole Group |
71,478 |
|
Erste Group Bank AG |
100,000 |
|
Mizuho Financial Group, Inc. |
79,409 |
|
Pershing LLC |
10,000 |
|
Royal Bank of Canada |
16,150 |
U.S. Government Money Market Fund |
Bank of America Corp. |
3,450,000 |
|
BNP Paribas SA |
6,000,000 |
|
Citigroup, Inc. |
14,100,000 |
|
Daiwa Capital Markets America, Inc. |
3,000,000 |
|
Federal Reserve Bank of New York, |
8,000,000 |
|
Goldman Sachs Group, Inc. (The) |
28,250,000 |
|
Wells Fargo & Co. |
5,200,000 |
U.S. Treasury Plus Money Market Fund |
Bank of America Corp. |
2,000,000 |
|
Citigroup, Inc. |
3,650,000 |
|
Federal Reserve Bank of New York, |
1,000,000 |
|
Fixed Income Clearing Corp. |
4,150,000 |
|
Goldman Sachs Group, Inc. (The) |
3,250,000 |
California Municipal Money Market Fund |
Royal Bank of Canada |
7,250 |
Liquid Assets Money Market Fund |
Barclays plc |
887,888 |
|
Crédit Agricole Group |
2,187,311 |
|
Erste Group Bank AG |
1,350,000 |
|
Fixed Income Clearing Corp. |
4,000,000 |
|
Mizuho Financial Group, Inc. |
3,005,309 |
Municipal Money Market Fund |
Royal Bank of Canada |
13,800 |
Tax Free Money Market Fund |
Royal Bank of Canada |
598,585 |
|
Capital Loss Carryforward Character | |
Fund |
Short-Term |
Long-Term |
Prime Money Market Fund |
$6,181 |
$— |
Securities Lending Money Market Fund |
115 |
— |
100% U.S. Treasury Securities Money Market Fund |
5,540 |
— |
U.S. Government Money Market Fund |
72,182 |
1,088 |
U.S. Treasury Plus Money Market Fund |
2,878 |
121 |
Liquid Assets Money Market Fund |
27 |
— |
All Funds |
|
| |
Bloomberg LP |
Monthly |
30 days after month end | |
Factset |
Monthly |
30 days after month end | |
JPMorgan Chase & Co. |
Monthly |
At least on a 1 day lag | |
Morningstar Inc. |
Monthly |
30 days after month end | |
Lipper, Inc. |
Monthly |
30 days after month end | |
Vickers Stock Research Corp. |
Monthly |
30 days after month end | |
The McGraw Hill Companies — Standard & Poor’s Corporation |
Monthly |
30 days after month end | |
100% U.S. Treasury Securities Money Market Fund |
|
| |
Verisign |
Daily |
At least on a 1 day lag | |
Fidelity Investments Institutional Services Company, Inc. |
Daily |
At least on a 1 day lag | |
Moody’s |
Daily |
At least on a 1 day lag | |
Bridgewater |
Daily |
At least on a 1 day lag | |
Bank of New York |
Monthly |
At least on a 1 day lag | |
Square 1 Bank |
Monthly |
At least on a 1 day lag | |
Institutional Cash Distributors |
Weekly |
At least on a 1 day lag | |
Diamond Hill |
Weekly |
At least on a 1 day lag | |
Crane Data |
Weekly |
At least on a 1 day lag | |
HP |
Weekly |
At least on a 1 day lag | |
Teledyne Technologies |
Quarterly |
At least on a 1 day lag | |
JPMorgan Chase & Co. |
Weekly |
At least on a 1 day lag | |
Federal Money Market Fund |
|
| |
Verisign |
Daily |
At least on a 1 day lag | |
Fidelity Investments Institutional Services Company, Inc. |
Daily |
At least on a 1 day lag | |
Moody’s |
Daily |
At least on a 1 day lag | |
Bank of New York |
Monthly |
At least on a 1 day lag | |
Institutional Cash Distributors |
Weekly |
At least on a 1 day lag | |
Crane Data |
Weekly |
At least on a 1 day lag | |
JPMorgan Chase & Co. |
Weekly |
At least on a 1 day lag | |
Liquid Assets Money Market Fund |
|
| |
Verisign |
Daily |
At least on a 1 day lag | |
Mizuho Securities USA Inc. |
Daily |
At least on a 1 day lag | |
Fidelity Investments Institutional Services Company, Inc. |
Daily |
At least on a 1 day lag | |
Bank of New York |
Monthly |
At least on a 1 day lag | |
Union Bank of California |
Monthly |
At least on a 1 day lag | |
Institutional Cash Distributors |
Weekly |
At least on a 1 day lag |
All Funds |
|
| |
Crane Data |
Weekly |
At least on a 1 day lag | |
Chicago Mercantile Exchange |
Monthly |
At least on a 1 day lag | |
JPMorgan Chase & Co. |
Weekly |
At least on a 1 day lag | |
Municipal Money Market Fund |
|
| |
Verisign |
Daily |
At least on a 1 day lag | |
Fidelity Investments Institutional Services Company, Inc. |
Daily |
At least on a 1 day lag | |
Institutional Cash Distributors |
Weekly |
At least on a 1 day lag | |
Crane Data |
Weekly |
At least on a 1 day lag | |
JPMorgan Chase & Co. |
Weekly |
At least on a 1 day lag | |
Prime Money Market Fund |
|
| |
Verisign |
Daily |
At least on a 1 day lag | |
Morgan Stanley Smith Barney |
Daily |
At least on a 1 day lag | |
Best Buy |
Daily |
At least on a 1 day lag | |
Mizuho Securities USA Inc. |
Daily |
At least on a 1 day lag | |
Sovereign |
Daily |
At least on a 1 day lag | |
Fidelity Investments Institutional Services Company, Inc. |
Daily |
At least on a 1 day lag | |
Moody’s |
Daily |
At least on a 1 day lag | |
ABS Investment Management |
Monthly |
At least on a 1 day lag | |
Atlas Air |
Monthly |
At least on a 1 day lag | |
Bank of New York |
Monthly |
At least on a 1 day lag | |
BP |
Monthly |
At least on a 1 day lag | |
Commonfund Securities |
Monthly |
At least on a 1 day lag | |
Ernst & Young |
Monthly |
At least on a 1 day lag | |
GE Asset Management |
Monthly |
At least on a 1 day lag | |
Koch Industries |
Monthly |
At least on a 1 day lag | |
KPMG |
Monthly |
At least on a 1 day lag | |
Lear |
Monthly |
At least on a 1 day lag | |
Lockheed Martin |
Monthly |
At least on a 1 day lag | |
Mercer |
Monthly |
At least on a 1 day lag | |
Newedge |
Monthly |
At least on a 1 day lag | |
Ohio Bureau of Worker’s Compensation |
Monthly |
At least on a 1 day lag | |
Pennsylvania State University |
Monthly |
At least on a 1 day lag | |
SVB |
Monthly |
At least on a 1 day lag | |
Texas Treasury Safekeeping Trust Co. |
Monthly |
At least on a 1 day lag | |
Union Bank of California |
Monthly |
At least on a 1 day lag | |
West Virginia Board of Treasury Investments |
Monthly |
At least on a 1 day lag | |
IBM |
Weekly |
At least on a 1 day lag | |
Diamond Hill |
Weekly |
At least on a 1 day lag | |
Stanford University |
Weekly |
At least on a 1 day lag | |
CBS Corp |
Weekly |
At least on a 1 day lag | |
AmerisourceBergen |
Weekly |
At least on a 1 day lag | |
Chicago Mercantile Exchange |
Monthly |
At least on a 1 day lag | |
Crane Data |
Weekly |
At least on a 1 day lag | |
Institutional Cash Distributors |
Weekly |
At least on a 1 day lag | |
Atlas Air |
Weekly |
At least on a 1 day lag | |
Bank of America |
Weekly |
At least on a 1 day lag | |
MFS Asset Management |
Weekly |
At least on a 1 day lag | |
Newstar Financial |
Weekly |
At least on a 1 day lag | |
Texas Treasury Safekeeping |
Weekly |
At least on a 1 day lag | |
Square 1 Bank |
Monthly |
At least on a 1 day lag | |
Fitch |
Monthly |
At least on a 1 day lag | |
Grande |
Monthly |
At least on a 1 day lag | |
JPMorgan Chase & Co. |
Weekly |
At least on a 1 day lag | |
Tax Free Money Market Fund |
|
| |
Verisign |
Daily |
At least on a 1 day lag | |
Fidelity Investments Institutional Services Company, Inc. |
Daily |
At least on a 1 day lag | |
Moody’s |
Daily |
At least on a 1 day lag | |
Bank of New York |
Monthly |
At least on a 1 day lag | |
Square 1 Bank |
Monthly |
At least on a 1 day lag | |
SVB |
Monthly |
At least on a 1 day lag | |
Crane Data |
Weekly |
At least on a 1 day lag |
All Funds |
|
| |
Institutional Cash Distributors |
Weekly |
At least on a 1 day lag | |
JPMorgan Chase & Co. |
Weekly |
At least on a 1 day lag | |
U.S. Government Money Market Fund |
|
| |
Common fund |
Weekly |
At least on a 1 day lag | |
Texas Treasury Safekeeping Trust Co. |
Weekly |
At least on a 1 day lag | |
Texas County & District Retirement System |
Daily |
At least on a 1 day lag | |
International paper |
Daily |
At least on a 1 day lag | |
Verisign |
Daily |
At least on a 1 day lag | |
Fidelity Investments Institutional Services Company, Inc. |
Daily |
At least on a 1 day lag | |
Johnson County Kansas Government |
Daily |
At least on a 1 day lag | |
Moody’s |
Daily |
At least on a 1 day lag | |
Bank of New York |
Monthly |
At least on a 1 day lag | |
Ohio Bureau of Worker’s Compensation |
Monthly |
At least on a 1 day lag | |
Atlas Air |
Monthly |
At least on a 1 day lag | |
Square 1 Bank |
Monthly |
At least on a 1 day lag | |
SVB |
Monthly |
At least on a 1 day lag | |
Treasury Partners |
Monthly |
At least on a 1 day lag | |
Union Bank of California |
Monthly |
At least on a 1 day lag | |
Atlas Air |
Weekly |
At least on a 1 day lag | |
Crane Data |
Weekly |
At least on a 1 day lag | |
HP |
Weekly |
At least on a 1 day lag | |
IBM |
Weekly |
At least on a 1 day lag | |
Diamond Hill |
Weekly |
At least on a 1 day lag | |
Institutional Cash Distributors |
Weekly |
At least on a 1 day lag | |
Fitch |
Monthly |
At least on a 1 day lag | |
Grande |
Monthly |
At least on a 1 day lag | |
JPMorgan Chase & Co. |
Weekly |
At least on a 1 day lag | |
U.S. Treasury Plus Money Market Fund |
|
| |
International Paper |
Daily |
At least on a 1 day lag | |
Verisign |
Daily |
At least on a 1 day lag | |
Fidelity Investments Institutional Services Company, Inc. |
Daily |
At least on a 1 day lag | |
Moody’s |
Daily |
At least on a 1 day lag | |
Bank of New York |
Monthly |
At least on a 1 day lag | |
SVB |
Monthly |
At least on a 1 day lag | |
Crane Data |
Weekly |
At least on a 1 day lag | |
HP |
Weekly |
At least on a 1 day lag | |
Institutional Cash Distributors |
Weekly |
At least on a 1 day lag | |
Commonfund |
Monthly |
At least on a 1 day lag | |
Square 1 Bank |
Monthly |
At least on a 1 day lag | |
JPMorgan Chase & Co. |
Weekly |
At least on a 1 day lag |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
JPMORGAN PRIME MONEY MARKET FUND | ||
ACADEMY SHARES |
OFFICE OF THE ILLINOIS TREASURER 1 E OLD STATE CAPITOL PLZ SPRINGFIELD IL 62701-1320 |
63.31% |
|
|
|
|
ONEMAIN GENERAL SERVICES CORPORATION PO BOX 59 EVANSVILLE IN 47701-0059 |
34.25% |
|
|
|
AGENCY SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
35.32% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
21.14% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO ITSELF AND ITS CUSTOMERS ATTN: LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DR FL 3 TAMPA FL 33610-9128 |
17.02% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITSELF AND ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS JPMORGAN CHASE BANK NATIONAL ASSOC 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
5.48% |
|
|
|
CAPITAL SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
22.60% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
13.45% |
|
|
|
|
HARE & CO # 2 ATTN STIF OPERATIONS PO BOX 223910 PITTSBURGH PA 15251-2910 |
7.25% |
|
|
|
|
BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM STF ATTN J RUSSELL KAMPFE 210 W 7TH ST STE 1700 AUSTIN TX 78701-2903 |
5.76% |
|
|
|
EMPOWER SHARES |
DELTA MASTER TRUST 1030 DELTA BLVD DEPT 369 ATLANTA GA 30354-1989 |
24.10% |
|
|
|
|
SERVICENOW, INC. ATTN TREASURY 2215 LAWSON LN SANTA CLARA CA 95054-3311 |
11.93% |
|
|
|
|
JPMS - CHASE PROCESSING* JPMS IB FBO FOOD LION LLC 4 CHASE METROTECH CENTER 7THFL BROOKLYN NY 11245-0003 |
11.36% |
|
|
|
|
JPMS - CHASE PROCESSING* JPMS IB FBO GIANT OF MARYLAND LLC 4 CHASE METROTECH CENTER 7THFL BROOKLYN NY 11245-0003 |
11.27% |
|
|
|
|
JPMS - CHASE PROCESSING* JPMS IB FBO THE BOSTON CONSULTING GROUP 4 CHASE METROTECH CENTER 7THFL BROOKLYN NY 11245-0003 |
11.24% |
|
|
|
|
JPMS - CHASE PROCESSING* JPMS IB FBO THE BOSTON CONSULTING GROUP 4 CHASE METROTECH CENTER 7THFL BROOKLYN NY 11245-0003 |
11.24% |
|
|
|
|
ONEMAIN GENERAL SERVICES CORPORATION PO BOX 59 EVANSVILLE IN 47701-0059 |
5.94% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
IM SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS WSS SWEEP OMNIBUS ACCOUNT 10410 HIGHLAND MANOR DR FLOOR3 TAMPA FL 33610-9128 |
83.34% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS JPM INDY SWEEP NON DISCLOSED ACCT 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
14.61% |
|
|
|
INSTITUTIONAL SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS JPM INDY SWEEP NON DISCLOSED ACCT 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
29.56% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
29.54% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
11.95% |
|
|
|
MORGAN SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITSELF AND ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS JPMORGAN CHASE BANK NATIONAL ASSOC 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
87.98% |
|
|
|
PREMIER SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
81.06% |
|
|
|
RESERVE SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
72.03% |
|
|
|
|
JPMS LLC - CHASE PROCESSING* JPMCC IB 4 CHASE METROTECH CENTER 7THFL BROOKLYN NY 11245-0003 |
8.69% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
JPMORGAN 100% U.S. TREASURY SECURITIES MONEY MARKET FUND | ||
ACADEMY SHARES |
DOLLAR GENERAL ATTN BETHANY MALAKELIS 100 MISSION RDG GOODLETTSVILLE TN 37072-2171 |
56.81% |
|
|
|
|
BOFA SECURITIES INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 200 N COLLEGE ST FL 3 NCI-004-03-06 CHARLOTTE NC 28202-2191 |
24.25% |
|
|
|
|
JPMS LLC - CHASE PROCESSING* JPMS LLC IB 4 CHASE METROTECH CENTER 7THFL BROOKLYN NY 11245-0003 |
18.94% |
|
|
|
AGENCY SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
53.03% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITSELF AND ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS JPMORGAN CHASE BANK NATIONAL ASSOC 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
10.09% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITSELF AND ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS JPMORGAN CHASE BANK NATIONAL ASSOC 10410 HIGHLAND MANOR DR FL 03 TAMPA FL 33610-9128 |
7.84% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
5.40% |
|
|
|
CAPITAL SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
44.39% |
|
|
|
|
HARE & CO 2B ATTN STIF OPERATIONS PO BOX 223910 PITTSBURGH PA 15251-2910 |
10.62% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
6.77% |
|
|
|
EMPOWER SHARES |
BRIDGEWATER ASSOCIATES, LP 1 NYALA FARMS RD WESTPORT CT 06880-6256 |
30.39% |
|
|
|
|
WELLS FARGO BANK FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS 1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
10.57% |
|
|
|
|
SUNLEY HOUSE LP III-GPE VIII LIMITED PARTNERSHIP 800 BOYLSTON ST BOSTON MA 02199-1900 |
7.53% |
|
|
|
|
CITY OF ATLANTA,GARB SERIES 2023B-1 US BANK ACTING AS CUSTODIAN 68 MITCHELL STREET SUITE 6100 ATLANTA GA 30303 |
6.27% |
|
|
|
|
SUNLEY HOUSE LP III GPE VII ADVENT INTERNATIONAL CORPORATION PRUDENTIAL TOWER 800 BOYLSTON ST BOSTON MA 02199-1900 |
5.65% |
|
|
|
IM SHARES |
RC WOODLEY PARK, LP 1133 CONNECTICUT AVE NW STE 810 WASHINGTON DC 20036-4383 |
16.72% |
|
|
|
|
MOZARKITE EMERGING MARKETS FUND LP LIMITED PARTNERSHIP 1133 CONNECTICUT AVE NW STE 810 WASHINGTON DC 20036-4383 |
12.13% |
|
|
|
|
KALORAMA SPECIAL PRODUCTS FUND SPC LTD - SEPARATE ACCOUNT CANTILLON 1133 CONNECTICUT AVE NW STE 810 WASHINGTON DC 20036-4383 |
9.71% |
|
|
|
|
ABS OFFSHORE SPC - GLOBAL SEGREGATED PORTFOLIO ATTN ABS INV MGMT LLC 537 STEAMBOAT RD GREENWICH CT 06830-7153 |
8.58% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
ABS ALPHA LTD - GLOBAL EQUITY PORTFOLIO ATTN ABS INV MGMT LLC 537 STEAMBOAT RD GREENWICH CT 06830-7153 |
7.42% |
|
|
|
|
BAINUM FAMILY FOUNDATION 1133 CONNECTICUT AVE NW STE 810 WASHINGTON DC 20036-4383 |
6.02% |
|
|
|
|
KALORAMA SPECIAL PRODUCTS FUND SPC LTD - SEPARATE ACCOUNT ICHIGO 1133 CONNECTICUT AVE NW STE 810 WASHINGTON DC 20036-4383 |
5.42% |
|
|
|
INSTITUTIONAL SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
52.80% |
|
|
|
|
KINGSLEY & CO/JPM ASSET SWEEP* FUND OMNIBUS ACCOUNT ATTN SPECIAL PRODUCTS 2 OPS/3 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
18.44% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
8.40% |
|
|
|
MORGAN SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITSELF AND ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS JPMORGAN CHASE BANK NATIONAL ASSOC 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
65.15% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
16.66% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
6.98% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
PREMIER SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
55.19% |
|
|
|
|
LPL FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
28.65% |
|
|
|
RESERVE SHARES |
JPMSI AS AGENT FOR KINGSLEY AND CO* FUND OMNIBUS ACCOUNT ATTN SPECIAL PRODUCTS 2 OPS/3 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
98.27% |
JPMORGAN FEDERAL MONEY MARKET FUND | ||
AGENCY SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
78.32% |
|
|
|
|
HARE & CO # 2 ATTN STIF OPERATIONS PO BOX 223910 PITTSBURGH PA 15251-2910 |
7.90% |
|
|
|
INSTITUTIONAL SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
57.55% |
|
|
|
|
RAYMOND JAMES OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
15.37% |
|
|
|
|
NATIONAL FINANCIAL SERVICES LLC FOR THE EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
5.21% |
|
|
|
MORGAN SHARES |
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
66.52% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
EDWARD D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
13.24% |
|
|
|
|
RBC CAPITAL MARKETS LLC MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 250 NICOLLET MALL SUITE 1400 MINNEAPOLIS MN 55401-7582 |
5.71% |
|
|
|
|
PERSHING LLC P.O. BOX 2052 JERSEY CITY NJ 07303-2052 |
5.69% |
|
|
|
PREMIER SHARES |
LPL FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
57.02% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
33.39% |
JPMORGAN CALIFORNIA MUNICIPAL MONEY MARKET FUND | ||
AGENCY SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
75.23% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
12.67% |
|
|
|
|
JPMS LLC - CHASE PROCESSING* JPMS LLC IB 4 CHASE METROTECH CENTER 7THFL BROOKLYN NY 11245-0003 |
12.10% |
|
|
|
INSTITUTIONAL SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
81.67% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
MORGAN STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS OF MSSB 1 NEW YORK PLAZA 12TH FLOOR NEW YORK NY 10004-1965 |
15.66% |
|
|
|
MORGAN SHARES |
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
83.79% |
|
|
|
|
JPMS LLC - CHASE PROCESSING* JPMS LLC IB 4 CHASE METROTECH CENTER 7THFL BROOKLYN NY 11245-0003 |
6.71% |
|
|
|
PREMIER SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
50.84% |
|
|
|
|
FIDUCIARY TRUST REVENUE ATTN: BANK OPERATIONS 280 PARK AVE FL 6TH NEW YORK NY 10017-1274 |
23.72% |
|
|
|
|
LPL FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
14.72% |
|
|
|
|
FIDUCIARY TRUST ATTN: BANK OPERATIONS 280 PARK AVE FL 6TH NEW YORK NY 10017-1216 |
5.74% |
|
|
|
SERVICE SHARES |
LPL FINANCIAL LLC AS AGENT FOR AND EXCLUSIVE BENEFIT FOR IT'S CUSTOMERS ATTN KRISTIN KENNEDY 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
100.00% |
JPMORGAN NEW YORK MUNICIPAL MONEY MARKET FUND | ||
AGENCY SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
98.29% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
INSTITUTIONAL SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
95.29% |
|
|
|
MORGAN SHARES |
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
29.35% |
|
|
|
|
GLORIA VISELTEAR-REISS 170 E 79TH ST APT 6B NEW YORK NY 10075-0568 |
8.96% |
|
|
|
|
NATIONAL FINANCIAL SERVICES LLC FOR THE EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
7.14% |
|
|
|
|
ESTATE OF RUTH PERES SHLOMO ARJE EXEC 2514 E 66TH ST BROOKLYN NY 11234-6923 |
5.42% |
|
|
|
PREMIER SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
86.61% |
|
|
|
|
FIDUCIARY TRUST REVENUE ATTN: BANK OPERATIONS 280 PARK AVE FL 6TH NEW YORK NY 10017-1274 |
9.54% |
|
|
|
RESERVE SHARES |
INGALLS & SNYDER LLC AS AGENT OMNIBUS A/C FOR EXCLUSIVE BENEFIT OF CUSTOMERS ATTN: JOSEPH DIBUONO 1325 AVENUE OF THE AMERICAS FL 18 NEW YORK NY 10019-2872 |
99.41% |
|
|
|
SERVICE SHARES |
LPL FINANCIAL LLC AS AGENT FOR AND EXCLUSIVE BENEFIT FOR IT'S CUSTOMERS ATTN KRISTIN KENNEDY 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
100.00% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
JPMORGAN TAX FREE MONEY MARKET FUND | ||
AGENCY SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
84.19% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
6.75% |
|
|
|
INSTITUTIONAL SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
56.26% |
|
|
|
|
KINGSLEY & CO/JPM ASSET SWEEP* FUND OMNIBUS ACCOUNT ATTN SPECIAL PRODUCTS 2 OPS/3 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
36.16% |
|
|
|
MORGAN SHARES |
J.P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
35.45% |
|
|
|
|
EDWARD D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
25.79% |
|
|
|
PREMIER SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
52.88% |
|
|
|
|
LPL FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
39.54% |
|
|
|
RESERVE SHARES |
JPMSI AS AGENT FOR KINGSLEY AND CO* FUND OMNIBUS ACCOUNT ATTN SPECIAL PRODUCTS 2 OPS/3 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
93.19% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
BEAR STEARNS & CO INC* ATTN DENISE DILORENZO SIEGEL 1 METROTECH CTR N BROOKLYN NY 11201-3832 |
6.79% |
JPMORGAN U.S. GOVERNMENT MONEY MARKET FUND | ||
ACADEMY SHARES |
STATE OF MARYLAND TREASURERS OFFICE ATTN KEITH MORRIS CIO 80 CALVERT ST ANNAPOLIS MD 21401-1931 |
31.42% |
|
|
|
|
META PLATFORMS INC ATTN ALBERT HUANG 1601 WILLOW PARK MENLO PARK CA 94025-1452 |
14.85% |
|
|
|
|
VISA INC ATTN TREASURYCASHMGMT VISA.COM 900 METRO CENTER BLVD FOSTER CITY CA 94404-2775 |
11.63% |
|
|
|
AGENCY SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITSELF AND ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS JPMORGAN CHASE BANK NATIONAL ASSOC 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
29.31% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO ITSELF AND CUSTOMERS ATTN: LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DR FL 3 TAMPA FL 33610-9128 |
12.63% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS JPM INDY SWEEP NON DISCLOSED ACCT 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
11.11% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
9.66% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
7.32% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
CAPITAL SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
17.54% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS JPM INDY SWEEP NON DISCLOSED ACCT 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
12.31% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
6.56% |
|
|
|
EMPOWER SHARES |
PFIZER INC ATTN TREASURY OPERATIONS 235 E 42ND ST NEW YORK NY 10017-5703 |
18.70% |
|
|
|
|
PT FREEPORT INDONESIA PO BOX 61119 NEW ORLEANS LA 70161-1119 |
12.13% |
|
|
|
|
GOOGLE LLC 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043-1351 |
6.40% |
|
|
|
|
TOYOTA MOTOR CREDIT CO 6565 HEADQUARTERS DR PLANO TX 75024-5965 |
5.54% |
|
|
|
IM SHARES |
COMPUTERSHARE TRUST COMPANY NA FBO CCT CLIENTS 250 ROYALL ST CANTON MA 02021-1058 |
40.29% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS WSS SWEEP OMNIBUS ACCOUNT 10410 HIGHLAND MANOR DR FL 3 TAMPA FL 33610-9128 |
35.29% |
|
|
|
|
BAND & CO C/O US BANK ATTN ALLISON SCHMIDT MUTUAL FUND REVENUE 1555 N RIVERCENTER DR STE 302 MILWAUKEE WI 53212-3958 |
6.14% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* ATTN: NICK CIFELLI 4 CHASE METROTECH CENTER, FLOOR 3 BROOKLYN NY 11245-0003 |
5.23% |
|
|
|
INSTITUTIONAL SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
20.09% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
12.64% |
|
|
|
|
KINGSLEY & CO/JPM ASSET SWEEP* FUND OMNIBUS ACCOUNT ATTN SPECIAL PRODUCTS 2 OPS/3 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
12.48% |
|
|
|
|
HARE & CO # 2 ATTN STIF OPERATIONS PO BOX 223910 PITTSBURGH PA 15251-2910 |
10.77% |
|
|
|
INVESTOR SHARES |
LPL FINANCIAL LLC AS AGENT FOR AND EXCLUSIVE BENEFIT FOR IT'S CUSTOMERS ATTN KRISTIN KENNEDY 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
99.81% |
|
|
|
MORGAN SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITSELF AND ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS JPMORGAN CHASE BANK NATIONAL ASSOC 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
66.93% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
23.67% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
PREMIER SHARES |
KINGSLEY & CO/JPM ASSET SWEEP* FUND OMNIBUS ACCOUNT ATTN SPECIAL PRODUCTS 2 OPS/3 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
51.32% |
|
|
|
|
LPL FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
19.23% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
10.68% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
7.09% |
|
|
|
RESERVE SHARES |
EMPOWER TRUST FBO EMPOWER BENEFIT PLANS 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
19.27% |
|
|
|
|
THE HARTFORD 1 HARTFORD PLZ HARTFORD CT 06155-0001 |
17.55% |
|
|
|
|
ASCENSUS TRUST COMPANY FBO AIR FRAME MFG & SUPPLY CO SAL RED P PO BOX 10758 FARGO ND 58106-0758 |
9.27% |
|
|
|
|
EMPOWER TRUST FBO PERRY HAY & CHU PSP 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
6.30% |
|
|
|
|
EMPOWER TRUST FBO RECORDKEEPING FOR EMPLOYEE BENEFITS 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
5.69% |
|
|
|
|
EMPOWER TRUST FBO NORTHEAST ORL & MXLLFCL SURG 401K P 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
5.11% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
SERVICE SHARES |
LPL FINANCIAL LLC AS AGENT FOR AND EXCLUSIVE BENEFIT FOR IT'S CUSTOMERS ATTN KRISTIN KENNEDY 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
53.73% |
|
|
|
|
THE HARTFORD 1 HARTFORD PLZ HARTFORD CT 06155-0001 |
36.82% |
|
|
|
|
EMPOWER TRUST FBO EMPOWER BENEFIT GRAND FATHERED PLAN 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
5.44% |
JPMORGAN U.S. TREASURY PLUS MONEY MARKET FUND | ||
ACADEMY SHARES |
GE FUNDING OPERATIONS CO INC 901 MAIN AVE NORWALK CT 06851-1168 |
54.75% |
|
|
|
|
GE TREASURY SERVICES INDUSTRIAL IRELAND LIMITED 86-88 LOWER LEESON STREET DUBLIN D02 A668 |
34.01% |
|
|
|
|
STATE OF ARIZONA - POOL 2 ATTN MICHAEL LESLEIN 1700 W WASHINGTON ST PHOENIX AZ 85007-2812 |
7.20% |
|
|
|
AGENCY SHARES |
JPMORGAN CHASE BANK, N.A* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE 3RD FLOOR TAMPA FL 33610-9128 |
34.38% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITSELF AND ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS JPMORGAN CHASE BANK NATIONAL ASSOC 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
19.17% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
10.29% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITSELF AND ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS JPMORGAN CHASE BANK NATIONAL ASSOC 10410 HIGHLAND MANOR DR FL 03 TAMPA FL 33610-9128 |
7.36% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS JPM INDY SWEEP NON DISCLOSED ACCT 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
5.12% |
|
|
|
CAPITAL SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE 3RD FLOOR TAMPA FL 33610-9128 |
14.47% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO ITS CUSTOMERS WSS NON-RESTRICTED SWEEP OMNIBUS ACCT 10410 HIGHLAND MANOR DR FLOOR 3 TAMPA FL 33610-9128 |
13.60% |
|
|
|
|
HARE & CO # 2 ATTN STIF OPERATIONS PO BOX 223910 PITTSBURGH PA 15251-2910 |
12.18% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
5.16% |
|
|
|
EMPOWER SHARES |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION MONEY MARKET FUND 125 BROAD ST FL 18 NEW YORK NY 10004-2427 |
40.93% |
|
|
|
|
BRIDGESTONE AMERICAS INC 200 4TH AVENUE SOUTH NASHVILLE TN 37201-2208 |
37.02% |
|
|
|
|
WALMART 702 SW 8TH ST BENTONVILLE AR 72716-6209 |
20.41% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
IM SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS JPM INDY SWEEP NON DISCLOSED ACCT 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
50.48% |
|
|
|
|
STATE STREET BANK & TRUST CASH SWEEP CLIENTS ATTN CASH SWEEP SUPPORT JOHN SANTRY JAB N FL 5 0535 1776 HERITAGE DR QUINCY MA 02171-2119 |
49.52% |
|
|
|
INSTITUTIONAL SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
19.10% |
|
|
|
|
HARE & CO # 2 ATTN STIF OPERATIONS PO BOX 223910 PITTSBURGH PA 15251-2910 |
15.67% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
10.55% |
|
|
|
|
CITIBANK AS AGENT ON BEHALF OF CLIENTS ATTN ANTHONY TUTRONE 388 GREENWICH STREET 7TH FLOOR NEW YORK NY 10013-2362 |
8.09% |
|
|
|
|
SPECIAL CUSTODY A/C FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS OF GS & CO (RE: CUSTOMERS OF CITI) 71 S WACKER DR STE 500 CHICAGO IL 60606-4673 |
5.60% |
|
|
|
INVESTOR SHARES |
HARE & CO # 2 ATTN STIF OPERATIONS PO BOX 223910 PITTSBURGH PA 15251-2910 |
85.14% |
|
|
|
|
NATIONAL FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
14.86% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
MORGAN SHARES |
JPMORGAN CHASE BANK, N.A.* FBO ITSELF AND ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS JPMORGAN CHASE BANK NATIONAL ASSOC 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
70.79% |
|
|
|
|
JPMORGAN CHASE BANK, N.A.* FBO ITS CUSTOMERS ATTN:LIQUIDITY OPERATIONS 10410 HIGHLAND MANOR DRIVE FLOOR 03 TAMPA FL 33610-9128 |
13.44% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
10.37% |
|
|
|
PREMIER SHARES |
LPL FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
47.12% |
|
|
|
|
FIDUCIARY TRUST REVENUE ATTN: BANK OPERATIONS 280 PARK AVE FL 6TH NEW YORK NY 10017-1274 |
14.30% |
|
|
|
|
FIDUCIARY TRUST ATTN: BANK OPERATIONS 280 PARK AVE FL 6TH NEW YORK NY 10017-1216 |
10.15% |
|
|
|
|
UBATCO AND CO ATTN TRUST OPERATIONS PO BOX 82529 LINCOLN NE 68501-2529 |
7.36% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
6.97% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
6.96% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
RESERVE SHARES |
INGALLS & SNYDER LLC AS AGENT OMNIBUS A/C FOR EXCLUSIVE BENEFIT OF CUSTOMERS ATTN: JOSEPH DIBUONO 1325 AVENUE OF THE AMERICAS FL 18 NEW YORK NY 10019-6066 |
68.81% |
|
|
|
|
DELAWARE TRUST COMPANY ATTN ANNE LYONS 251 LITTLE FALLS DR WILMINGTON DE 19808-1674 |
26.67% |
JPMORGAN LIQUID ASSETS MONEY MARKET FUND | ||
AGENCY SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
79.42% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
16.55% |
|
|
|
CAPITAL SHARES |
RAYMOND JAMES OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
62.61% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
33.02% |
|
|
|
INSTITUTIONAL SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
86.53% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
5.76% |
|
|
|
INVESTOR SHARES |
CHARLES SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUNDS 211 MAIN STREET SAN FRANCISCO CA 94105-1901 |
76.55% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
NATIONAL FINANCIAL SERVICES LLC FOR EXCLUSIVE BENEFIT OF OUR CUSTOMERS ATTN MUTUAL FUNDS DEPT 4TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
7.57% |
|
|
|
MORGAN SHARES |
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
91.40% |
|
|
|
PREMIER SHARES |
LPL FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
66.88% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
21.98% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
9.79% |
|
|
|
RESERVE SHARES |
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
57.29% |
|
|
|
|
MORGAN STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
6.66% |
|
|
|
|
WELLS FARGO CLEARING SERVICES LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET STREET ST LOUIS MO 63103-2523 |
5.11% |
JPMORGAN MUNICIPAL MONEY MARKET FUND | ||
AGENCY SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
65.21% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
34.51% |
|
|
|
INSTITUTIONAL SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
41.77% |
|
|
|
|
JP MORGAN SECURITIES LLC* ATTN DENISE DILORENZO SIEGEL 3 CHASE METROTECH CENTER BROOKLYN NY 11245-0001 |
35.40% |
|
|
|
|
RAYMOND JAMES OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
9.34% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
8.50% |
|
|
|
MORGAN SHARES |
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
78.61% |
|
|
|
|
RELIANCE TRUST COMPANY FBO METHODIST DAN AUSMAN 201 17TH ST NW STE 1000 ATLANTA GA 30363-1195 |
6.39% |
|
|
|
PREMIER SHARES |
LPL FINANCIAL OMNIBUS CUSTOMER ACCOUNT ATTN MUTUAL FUND TRADING 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
52.95% |
|
|
|
|
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
33.13% |
|
|
|
|
J. P. MORGAN SECURITIES LLC* FOR EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CTR BROOKLYN NY 11245-0003 |
12.51% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
SERVICE SHARES |
LPL FINANCIAL LLC AS AGENT FOR AND EXCLUSIVE BENEFIT FOR IT'S CUSTOMERS ATTN KRISTIN KENNEDY 4707 EXECUTIVE DR SAN DIEGO CA 92121-3091 |
100.00% |
JPMORGAN INSTITUTIONAL TAX FREE MONEY MARKET FUND | ||
AGENCY SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
85.36% |
|
|
|
|
JPMS LLC - CHASE PROCESSING* JPMS LLC IB 4 CHASE METROTECH CENTER 7THFL BROOKLYN NY 11245-0003 |
7.32% |
|
|
|
|
JPMS LLC - CHASE PROCESSING* JPMS LLC IB 4 CHASE METROTECH CENTER 7THFL BROOKLYN NY 11245-0003 |
6.17% |
|
|
|
CAPITAL SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
87.54% |
|
|
|
|
X GEN PHARMACEUTICALS ATTN X GEN LITIGATION RESERVE FUND 4 YORK CT NORTHPORT NY 11768-3346 |
7.43% |
|
|
|
|
MORGAN STANLEY SMITH BARNEY LLC FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS OF MSSB 1 NEW YORK PLAZA 12TH FLOOR NEW YORK NY 10004-1965 |
5.03% |
|
|
|
IM SHARES |
JPMORGAN CHASE BANK N.A.* FBO ITS CUSTOMER WSS RESTRICTED SWEEP OMNIBUS ACCT 10410 HIGHLAND MANOR DR FLOOR 3 TAMPA FL 33610-9128 |
100.00% |
|
|
|
INSTITUTIONAL SHARES |
JPMORGAN CHASE BANK N.A.* FBO CLIENTS ATTN PB MF OPS 3OPS3 DE3-3740 500 STANTON CHRISTIANA RD NEWARK DE 19713-2105 |
82.94% |
Name of Fund |
Name and Address of Shareholder |
Percentage Held |
|
|
|
|
JPMS LLC - CHASE PROCESSING* JPMS LLC IB 4 CHASE METROTECH CENTER 7THFL BROOKLYN NY 11245-0003 |
9.10% |
JPMORGAN SECURITIES LENDING MONEY MARKET FUND | ||
AGENCY SL SHARES |
CITIBANK N.A. AS AGENT FOR JPMORGAN BETABUILDERS EUROPE ETF ATTN JOHN BILELLO 390 GREENWICH ST FL 4TH NEW YORK NY 10013-2362 |
10.45% |
|
|
|
|
CITIBANK N.A AS AGENT FOR JPMORGAN BETABUILDERS CANADA ETF ATTN JOHN BILELLO 390 GREENWICH ST FL 4TH NEW YORK NY 10013-2362 |
8.82% |
|
|
|
|
CITIBANK N.A. AS AGENT FOR JPMORGAN MID CAP GROWTH FUND ATTN JOHN BILELLO 390 GREENWICH ST FL 4TH NEW YORK NY 10013-2362 |
8.07% |
|
|
|
|
CITIBANK N.A. AS AGENT FOR JPMORGAN SMALL CAP GROWTH FUND ATTN JOHN BILELLO 390 GREENWICH ST FL 4TH NEW YORK NY 10013-2362 |
8.05% |
|
|
|
|
CITIBANK N.A. AS AGENT FOR JPMORGAN SMALL CAP EQUITY FUND ATTN JOHN BILELLO 390 GREENWICH ST FL 4TH NEW YORK NY 10013-2362 |
6.45% |
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162 | |
A-1 | |
B-1 |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years (or longer) |
Number of Funds in Fund Complex Overseen by Trustee(2) |
Other Trusteeships/ Directorships Held During the Past 5 Years (or longer)(3) |
Independent Trustees |
|
|
|
John F. Finn (1947); Chair, since 2020; Trustee, since 1998. |
Chairman, Gardner, Inc. (supply chain management company serving industrial and consumer markets) (serving in various roles 1974–present). |
168 |
Director, Greif, Inc. (GEF) (industrial package products and services) (2007–2023); Trustee, Columbus Association for the Performing Arts (1988- present). |
Stephen P. Fisher (1959); Trustee, since 2018. |
Retired; Chairman and Chief Executive Officer, NYLIFE Distributors LLC (registered broker- dealer) (serving in various roles 2008- 2013); Chairman, NYLIM Service Company LLC (transfer agent) (2008- 2017); New York Life Investment Management LLC (registered investment adviser) (serving in various roles 2005- 2017); Chairman, IndexIQ Advisors LLC (registered investment adviser for ETFs) (2014-2017); President, MainStay VP Funds Trust (2007-2017), MainStay DefinedTerm Municipal Opportunities Fund (2011-2017) and Main- Stay Funds Trust (2007-2017) (registered investment companies). |
168 |
None. |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years (or longer) |
Number of Funds in Fund Complex Overseen by Trustee(2) |
Other Trusteeships/ Directorships Held During the Past 5 Years (or longer)(3) |
Gary L. French (1951); Trustee, since 2014. |
Real Estate Investor (2011-2020); Investment management industry Consultant and Expert Witness (2011-present); Senior Consultant for The Regulatory Fundamentals Group LLC (2011-2017). |
168 |
Independent Trustee, The China Fund, Inc. (2013- 2019); Exchange Traded Concepts Trust II (2012- 2014); Exchange Traded Concepts Trust I (2011- 2014). |
Kathleen M. Gallagher (1958); Trustee, since 2018. |
Retired; Chief Investment Officer – Benefit Plans, Ford Motor Company (serving in various roles 1985-2016). |
168 |
Non-Executive Director, Legal & General Investment Management (Holdings) (2018- present); Non-Executive Director, Legal & General Investment Management America (U.S. Holdings) (financial services and insurance) (2017- present); Advisory Board Member, State Street Global Advisors Total Portfolio Solutions (2017-present); Member, Client Advisory Council, Financial Engines, LLC (registered investment adviser) (2011-2016); Director, Ford Pension Funds Investment Management Ltd. (2007- 2016). |
Robert J. Grassi (1957); Trustee, since 2014. |
Sole Proprietor, Academy Hills Advisors LLC (2012- present); Pension Director, Corning Incorporated (2002- 2012). |
168 |
None. |
Frankie D. Hughes (1952); Trustee, since 2008. |
President, Ashland Hughes Properties (property management) (2014–present); President and Chief Investment Officer, Hughes Capital Management, Inc. (fixed income asset management) (1993– 2014). |
168 |
None. |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years (or longer) |
Number of Funds in Fund Complex Overseen by Trustee(2) |
Other Trusteeships/ Directorships Held During the Past 5 Years (or longer)(3) |
Raymond Kanner (1953); Trustee, since 2017. |
Retired; Managing Director and Chief Investment Officer, IBM Retirement Funds (2007–2016). |
168 |
Advisory Board Member, Penso Advisors, LLC (2020- present); Advisory Board Member, Los Angeles Capital (2018-present); Advisory Board Member, State Street Global Advisors Total Portfolio Solutions (2017-present); Acting Executive Director, Committee on Investment of Employee Benefit Assets (CIEBA) (2016-2017); Advisory Board Member, Betterment for Business (robo advisor) (2016– 2017); Advisory Board Member, BlueStar Indexes (index creator) (2013–2017); Director, Emerging Markets Growth Fund (registered investment company) (1997-2016); Member, Russell Index Client Advisory Board (2001- 2015). |
Thomas P. Lemke (1954); Trustee, since 2014. |
Retired since 2013. |
168 |
Independent Trustee of Advisors’ Inner Circle III fund platform, consisting of the following: (i) the Advisors’ Inner Circle Fund III, (ii) the Gallery Trust, (iii) the Schroder Series Trust, (iv) the Delaware Wilshire Private Markets Fund (since 2020), (v) Chiron Capital Allocation Fund Ltd., (vi) formerly the Winton Diversified Opportunities Fund (2014-2018), and (vii) Symmetry Panoramic Trust (since 2018). |
Lawrence R. Maffia (1950); Trustee, since 2014. |
Retired; Director and President, ICI Mutual Insurance Company (2006-2013). |
168 |
Director, ICI Mutual Insurance Company (1999-2013). |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years (or longer) |
Number of Funds in Fund Complex Overseen by Trustee(2) |
Other Trusteeships/ Directorships Held During the Past 5 Years (or longer)(3) |
Mary E. Martinez (1960); Vice Chair, since 2021; Trustee, since 2013. |
Associate, Special Properties, a Christie’s International Real Estate Affiliate (2010– present); Managing Director, Bank of America (asset management) (2007– 2008); Chief Operating Officer, U.S. Trust Asset Management, U.S. Trust Company (asset management) (2003–2007); President, Excelsior Funds (registered investment companies) (2004–2005). |
168 |
None. |
Marilyn McCoy (1948); Trustee, since 1999. |
Retired; Vice President of Administration and Planning, Northwestern University (1985– 2023). |
168 |
None. |
Dr. Robert A. Oden, Jr. (1946); Trustee, since 1997. |
Retired; President, Carleton College (2002–2010); President, Kenyon College (1995–2002). |
168 |
Trustee, The Coldwater Conservation Fund; Trustee, American Museum of Fly Fishing (2013–present); Trustee and Vice Chair, Trout Unlimited (2017-2021); Trustee, Dartmouth- Hitchcock Medical Center (2011–2020). |
Marian U. Pardo (1946); Trustee, since 2013. |
Managing Director and Founder, Virtual Capital Management LLC (investment consulting) (2007– present); Managing Director, Credit Suisse Asset Management (portfolio manager) (2003–2006). |
168 |
Board Chair and Member, Board of Governors, Columbus Citizens Foundation (not-for-profit supporting philanthropic and cultural programs) (2006–present). |
Name (Year of Birth; Term of Office, and Length of Time Served)(1) |
Principal Occupation(s) During Past 5 Years (or longer) |
Number of Funds in Fund Complex Overseen by Trustee(2) |
Other Trusteeships/ Directorships Held During the Past 5 Years (or longer)(3) |
Emily A. Youssouf (1951); Trustee, since 2014. |
Adjunct Professor (2011-present) and Clinical Professor (2009-2011), NYU Schack Institute of Real Estate; Board Member and Member of the Audit Committee (2013-present), Chair of Finance Committee (2019-present), Member of Related Parties Committee (2013-2018) and Member of the Enterprise Risk Committee (2015- 2018), PennyMac Financial Services, Inc.; Board Member (2005-2018), Chair of Capital Committee (2006-2016), Chair of Audit Committee (2005-2018), Member of Finance Committee (2005-2018) and Chair of IT Committee (2016-2018), NYC Health and Hospitals Corporation. |
168 |
Trustee, NYC School Construction Authority (2009-present); Board Member, NYS Job Development Authority (2008-present); Trustee and Chair of the Audit Committee of the Transit Center Foundation (2015-2019). |
Interested Trustees |
|
|
|
Robert F. Deutsch(4) (1957); Trustee, since 2014. |
Retired; Head of ETF Business for JPMorgan Asset Management (2013-2017); Head of Global Liquidity Business for JPMorgan Asset Management (2003-2013). |
168 |
Treasurer and Director of the JUST Capital Foundation (2017- present). |
Nina O. Shenker(4) (1957); Trustee, since 2022. |
Vice Chair (2017- 2021), General Counsel and Managing Director (2008-2016), Associate General Counsel and Managing Director (2004-2008), J.P. Morgan Asset & Wealth Management. |
168 |
Director and Member of Executive, Legal and Human Resources Committees; American Jewish Joint Distribution Committee (2018-present). |
Name of Committee |
Members |
Committee Chair |
Audit and Valuation Committee |
Ms. Gallagher Mr. Maffia Mr. French Mr. Kanner |
Ms. Gallagher |
Compliance Committee |
Ms. Pardo Mr. Fisher Ms. Hughes Mr. Lemke |
Ms. Pardo |
Governance Committee |
Mr. Finn Ms. Martinez Ms. McCoy Dr. Oden |
Mr. Finn |
ETF Committee |
Mr. Deutsch Mr. Fisher Mr. Grassi Ms. Hughes Ms. Shenker Ms. Youssouf |
Mr. Deutsch |
Equity Committee |
Mr. Kanner Mr. French Mr. Maffia Ms. Pardo |
Mr. Kanner |
Fixed Income Committee |
Dr. Oden Mr. Grassi Ms. Hughes Ms. Martinez Ms. Shenker Ms. Youssouf |
Dr. Oden |
Money Market and Alternative Products Committee |
Mr. Fisher Mr. Deutsch Ms. Gallagher Mr. Lemke Ms. McCoy |
Mr. Fisher |
Name (Year of Birth), Positions Held with the Trusts (Since) |
Principal Occupations During Past 5 Years |
Brian S. Shlissel (1964), President and Principal Executive Officer (2016) |
Managing Director and Chief Administrative Officer for J.P. Morgan pooled vehicles, J.P. Morgan Investment Management Inc. since 2014. |
Timothy J. Clemens (1975), Treasurer and Principal Financial Officer (2018) |
Managing Director, J.P. Morgan Investment Management Inc. Mr. Clemens has been with J.P. Morgan Investment Management Inc. since 2013. |
Gregory S. Samuels (1980), Secretary (2019) (formerly Assistant Secretary 2010-2019) |
Managing Director and Assistant General Counsel, JPMorgan Chase. Mr. Samuels has been with JPMorgan Chase since 2010. |
Stephen M. Ungerman (1953), Chief Compliance Officer (2005) |
Managing Director, JPMorgan Chase & Co. Mr. Ungerman has been with JPMorgan Chase & Co. since 2000. |
Name (Year of Birth), Positions Held with the Trusts (Since) |
Principal Occupations During Past 5 Years |
Kiesha Astwood-Smith (1973), Assistant Secretary (2021) |
Vice President and Assistant General Counsel, JPMorgan Chase since June 2021; Senior Director and Counsel, Equitable Financial Life Insurance Company (formerly, AXA Equitable Life Insurance Company) from September 2015 through June 2021. |
Matthew Beck (1988), Assistant Secretary (2021)* |
Vice President and Assistant General Counsel, JPMorgan Chase since May 2021; Senior Legal Counsel, Ultimus Fund Solutions from May 2018 through May 2021; General Counsel, The Nottingham Company from April 2014 through May 2018. |
Elizabeth A. Davin (1964), Assistant Secretary (2005)* |
Executive Director and Assistant General Counsel, JPMorgan Chase. Ms. Davin has been with JPMorgan Chase (formerly Bank One Corporation) since 2004. |
Jessica K. Ditullio (1962), Assistant Secretary (2005)* |
Executive Director and Assistant General Counsel, JPMorgan Chase. Ms. Ditullio has been with JPMorgan Chase (formerly Bank One Corporation) since 1990. |
Anthony Geron (1971), Assistant Secretary (2018) |
Vice President and Assistant General Counsel, JPMorgan Chase since September 2018; Lead Director and Counsel, AXA Equitable Life Insurance Company from 2015 to 2018 and Senior Director and Counsel, AXA Equitable Life Insurance Company from 2014 to 2015. |
Carmine Lekstutis (1980), Assistant Secretary (2011) |
Executive Director and Assistant General Counsel, JPMorgan Chase. Mr. Lekstutis has been with JPMorgan Chase since 2011. |
Max Vogel (1990), Assistant Secretary (2021) |
Vice President and Assistant General Counsel, JPMorgan Chase since June 2021; Associate, Proskauer Rose LLP (law firm) from March 2017 to June 2021. |
Zachary E. Vonnegut-Gabovitch (1986), Assistant Secretary (2017) |
Executive Director and Assistant General Counsel, JPMorgan Chase. Mr. Vonnegut-Gabovitch has been with JPMorgan Chase since September 2016. |
Frederick J. Cavaliere (1978), Assistant Treasurer (2015)** |
Executive Director, J.P. Morgan Investment Management Inc. Mr. Cavaliere has been with JPMorgan since May 2006. |
Michael M. D’Ambrosio (1969), Assistant Treasurer (2012) |
Managing Director, J.P. Morgan Investment Management Inc. Mr. D’Ambrosio has been with J.P. Morgan Investment Management Inc. since 2012. |
Aleksandr Fleytekh (1972), Assistant Treasurer (2019) |
Executive Director, J.P. Morgan Investment Management Inc. Mr. Fleytekh has been with J.P. Morgan Investment Management Inc. since February 2012. |
Shannon Gaines (1977), Assistant Treasurer (2018)* |
Executive Director, J.P. Morgan Investment Management Inc. Mr. Gaines has been with J.P. Morgan Investment Management Inc. since January 2014. |
Jeffrey D. House (1972), Assistant Treasurer (2017)* |
Vice President, J.P. Morgan Investment Management Inc. Mr. House has been with J.P. Morgan Investment Management Inc. since July 2006. |
Michael Mannarino (1985), Assistant Treasurer (2020) |
Vice President, J.P. Morgan Investment Management Inc. Mr. Mannarino has been with J.P. Morgan Investment Management Inc. since 2014. |
Joseph Parascondola (1963), Assistant Treasurer (2011)** |
Executive Director, J.P. Morgan Investment Management Inc. Mr. Parascondola has been with J.P. Morgan Investment Management Inc. since 2006. |
Gillian I. Sands (1969), Assistant Treasurer (2012) |
Executive Director, J.P. Morgan Investment Management Inc. Ms. Sands has been with J.P. Morgan Investment Management Inc. since September 2012. |
Money Market Funds1: |
|
|
Tier One |
First $250 billion |
0.0013% |
Tier Two |
Over $250 billion |
0.0010% |
All Funds except Money Market Funds: |
|
|
Tier One |
Up to $100 billion |
0.00375% |
Tier Two |
$100 billion to $175 billion |
0.0030% |
Tier Three |
$175 billion to $600 billion |
0.0020% |
Tier Four |
Over $600 billion |
0.0015% |
Other Fees: |
|
|
Additional Share Classes (this additional class expense applies after the tenth class) |
|
$2,000 per Class |
Daily Market-based Net Asset Value Calculation for Money Market Funds |
|
$15,000 per Fund |
Hourly Net Asset Value Calculation for Money Market Funds |
|
$5,000 per Fund |
Floating NAV Support for Money Market Funds |
|
$100,000 per Fund |
Annual Minimums: |
|
Money Market Funds |
$15,000 per Fund |
All Other Funds |
$20,000 per Fund |
A-1 |
A short-term obligation rated ‘A-1’ is rated in the highest category by S&P Global Ratings. The obligor’s capacity to meet its financial commitments on the obligation is strong. Within this category, certain obligations are designated with a plus sign (+). This indicates that the obligor’s capacity to meet its financial commitments on these obligations is extremely strong. |
A-2 |
A short-term obligation rated ‘A-2’ is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher rating categories. However, the obligor’s capacity to meet its financial commitments on the obligation is satisfactory. |
A-3 |
A short-term obligation rated ‘A-3’ exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to weaken an obligor’s capacity to meet its financial commitments on the obligation. |
B |
A short-term obligation rated ‘B' is regarded as vulnerable and has significant speculative characteristics. The obligor currently has the capacity to meet its financial commitments; however, it faces major ongoing uncertainties that could lead to the obligor's inadequate capacity to meet its financial commitments. |
C |
A short-term obligation rated ‘C’ is currently vulnerable to nonpayment and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitments on the obligation. |
D |
A short-term obligation rated ‘D’ is in default or in breach of an imputed promise. For non-hybrid capital instruments, the ‘D’ rating category is used when payments on an obligation are not made on the date due, unless S&P Global Ratings believes that such payments will be made within any stated grace period. However, any stated grace period longer than five business days will be treated as five business days. The ‘D’ rating also will be used upon the filing of a bankruptcy petition or the taking of a similar action and where default on an obligation is a virtual certainty, for example due to automatic stay provisions. A rating on an obligation is lowered to ‘D’ if it is subject to a distressed debt restructuring. |
F1 |
HIGHEST SHORT-TERM CREDIT QUALITY. Indicates the strongest intrinsic capacity for timely payment of financial commitments; may have an added “+” to denote any exceptionally strong credit feature. |
F2 |
GOOD SHORT-TERM CREDIT QUALITY. Good intrinsic capacity for timely payment of financial commitments. |
F3 |
FAIR SHORT-TERM CREDIT QUALITY. The intrinsic capacity for timely payment of financial commitments is adequate. |
B |
SPECULATIVE SHORT-TERM CREDIT QUALITY. Minimal capacity for timely payment of financial commitments, plus heightened vulnerability to near term adverse changes in financial and economic conditions. |
C |
HIGH SHORT-TERM DEFAULT RISK. Default is a real possibility. |
RD |
RESTRICTED DEFAULT. Indicates an entity that has defaulted on one or more of its financial commitments, although it continues to meet other financial obligations. Typically applicable to entity ratings only. |
D |
DEFAULT. Indicates a broad-based default event for an entity, or the default of a short- term obligation. |
P-1 |
Ratings of Prime-1 reflect a superior ability to repay short-term debt obligations. |
P-2 |
Ratings of Prime-2 reflect a strong ability to repay short-term debt obligations. |
P-3 |
Ratings of Prime-3 reflect an acceptable ability to repay short-term obligations. |
NP |
Issuers (or supporting institutions) rated Not Prime do not fall within any of the Prime rating categories. |
R-1 (high) |
Highest credit quality. The capacity for the payment of short-term financial obligations as they fall due is exceptionally high. Unlikely to be adversely affected by future events. |
R-1 (middle) |
Superior credit quality. The capacity for the payment of short-term financial obligations as they fall due is very high. Differs from R-1 (high) by a relatively modest degree. Unlikely to be significantly vulnerable to future events. |
R-1 (low) |
Good credit quality. The capacity for the payment of short-term financial obligations as they fall due is substantial. Overall strength is not as favorable as higher rating categories. May be vulnerable to future events, but qualifying negative factors are considered manageable. |
R-2 (high) |
Upper end of adequate credit quality. The capacity for the payment of short-term financial obligations as they fall due is acceptable. May be vulnerable to future events. |
R-2 (middle) |
Adequate credit quality. The capacity for the payment of short-term financial obligations as they fall due is acceptable. May be vulnerable to future events or may be exposed to other factors that could reduce credit quality. |
R-2 (low) |
Lower end of adequate credit quality. The capacity for the payment of short-term financial obligations as they fall due is acceptable. May be vulnerable to future events. A number of challenges are present that could affect the issuer’s ability to meet such obligations. |
R-3 |
Lowest end of adequate credit quality. There is a capacity for the payment of short-term financial obligations as they fall due. May be vulnerable to future events and the certainty of meeting such obligations could be impacted by a variety of developments. |
R-4 |
Speculative credit quality. The capacity for the payment of short-term financial obligations as they fall due is uncertain. |
R-5 |
Highly speculative credit quality. There is a high level of uncertainty as to the capacity to meet short-term financial obligations as they fall due. |
D |
When the issuer has filed under any applicable bankruptcy, insolvency or winding up statute or there is a failure to satisfy an obligation after the exhaustion of grace periods, a downgrade to D may occur. DBRS Morningstar may also use SD (Selective Default) in cases where only some securities are impacted, such as the case of a “distressed exchange.” |
AAA |
An obligation rated ‘AAA’ has the highest rating assigned by S&P Global Ratings. The obligor’s capacity to meet its financial commitments on the obligation is extremely strong. |
AA |
An obligation rated ‘AA’ differs from the highest-rated obligations only to a small degree. The obligor’s capacity to meet its financial commitments on the obligation is very strong. |
A |
An obligation rated ‘A’ is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the obligor’s capacity to meet its financial commitments on the obligation is still strong. |
BBB |
An obligation rated ‘BBB’ exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to weaken the obligor’s capacity to meet its financial commitments on the obligation. |
BB,B,CCC,CC and C |
Obligations rated ‘BB’, ‘B’, ‘CCC’, ‘CC’, and ‘C’ are regarded as having significant speculative characteristics. ‘BB’ indicates the least degree of speculation and ‘C’ the highest. While such obligations will likely have some quality and protective characteristics, these may be outweighed by large uncertainties or major exposure to adverse conditions. |
BB |
An obligation rated ‘BB’ is less vulnerable to nonpayment than other speculative issues. However, it faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions that could lead to the obligor’s inadequate capacity to meet its financial commitments on the obligation. |
B |
An obligation rated ‘B’ is more vulnerable to nonpayment than obligations rated ‘BB’, but the obligor currently has the capacity to meet its financial commitments on the obligation. Adverse business, financial, or economic conditions will likely impair the obligor’s capacity or willingness to meet its financial commitments on the obligation. |
CCC |
An obligation rated ‘CCC’ is currently vulnerable to nonpayment, and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitments on the obligation. In the event of adverse business, financial, or economic conditions, the obligor is not likely to have the capacity to meet its financial commitments on the obligation. |
CC |
An obligation rated ‘CC’ is currently highly vulnerable to nonpayment. The ‘CC’ rating is used when a default has not yet occurred but S&P Global Ratings expects default to be a virtual certainty, regardless of the anticipated time to default. |
C |
An obligation rated ‘C’ is currently highly vulnerable to nonpayment, and the obligation is expected to have lower relative seniority or lower ultimate recovery compared with obligations that are rated higher. |
D |
An obligation rated ‘D’ is in default or in breach of an imputed promise. For non-hybrid capital instruments, the ‘D’ rating category is used when payments on an obligation are not made on the date due, unless S&P Global Ratings believes that such payments will be made within five business days in the absence of a stated grace period or within the earlier of the stated grace period or 30 calendar days. The ‘D’ rating also will be used upon the filing of a bankruptcy petition or the taking of similar action and where default on an obligation is a virtual certainty, for example due to automatic stay provisions. A rating on an obligation is lowered to ‘D’ if it is subject to a distressed debt restructuring. |
AAA |
HIGHEST CREDIT QUALITY. ‘AAA’ ratings denote the lowest expectation of default risk. They are assigned only in cases of exceptionally strong capacity for payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events. |
AA |
VERY HIGH CREDIT QUALITY. ‘AA’ ratings denote expectations of very low default risk. They indicate very strong capacity for payment of financial commitments. This capacity is not significantly vulnerable to foreseeable events. |
A |
HIGH CREDIT QUALITY. ‘A’ ratings denote expectations of low default risk. The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings. |
BBB |
GOOD CREDIT QUALITY. ‘BBB’ ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate, but adverse business or economic conditions are more likely to impair this capacity. |
BB |
SPECULATIVE. ‘BB’ ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time; however, business or financial flexibility exists that supports the servicing of financial commitments. |
B |
HIGHLY SPECULATIVE. ‘B’ ratings indicate that material default risk is present, but a limited margin of safety remains. Financial commitments are currently being met; however, capacity for continued payment is vulnerable to deterioration in the business and economic environment. |
CCC |
SUBSTANTIAL CREDIT RISK. Default is a real possibility. |
CC |
VERY HIGH LEVELS OF CREDIT RISK. Default of some kind appears probable. |
C |
NEAR DEFAULT. A default or default-like process has begun, or the issuer is in standstill, or for a closed funding vehicle, payment capacity is irrevocably impaired. Conditions that are indicative of a ‘C’ category rating for an issuer include: |
|
●the issuer has entered into a grace or cure period following non-payment of a material financial obligation; ●the issuer has entered into a temporary negotiated waiver or standstill agreement following a payment default on a material financial obligation; ●the formal announcement by the issuer or their agent of a distressed debt exchange; ●a closed financing vehicle where payment capacity is irrevocably impaired such that it is not expected to pay interest and/or principal in full during the life of the transaction, but where no payment default is imminent. |
RD |
RESTRICTED DEFAULT. ‘RD’ ratings indicate an issuer that in Fitch’s opinion has experienced: |
|
●an uncured payment default or distressed debt exchange on a bond, loan or other material financial obligation, but ●has not entered into bankruptcy filings, administration, receivership, liquidation or other formal winding-up procedure, and ●has not otherwise ceased operating. This would include: ●the selective payment default on a specific class or currency of debt; ●the uncured expiry of any applicable grace period, cure period or default forbearance period following a payment default on a bank loan, capital markets security or other material financial obligation; ●the extension of multiple waivers or forbearance periods upon a payment default on one or more material financial obligations, either in series or in parallel; ordinary execution of a distressed debt exchange on one or more material financial obligations. |
D |
DEFAULT. ‘D’ ratings indicate an issuer that in Fitch Ratings’ opinion has entered into bankruptcy filings, administration, receivership, liquidation or other formal winding-up procedure or that has otherwise ceased business. |
Aaa |
Obligations rated Aaa are judged to be of the highest quality, with minimal risk. |
Aa |
Obligations rated Aa are judged to be of high quality and are subject to very low credit risk. |
A |
Obligations rated A are judged to be upper-medium-grade and are subject to low credit risk. |
Baa |
Obligations rated Baa are subject to moderate credit risk. They are considered medium- grade and as such may possess certain speculative characteristics. |
Ba |
Obligations rated Ba are judged to have speculative elements and are subject to substantial credit risk. |
B |
Obligations rated B are considered speculative and are subject to high credit risk. |
Caa |
Obligations rated Caa are judged to be of poor standing and are subject to very high credit risk. |
Ca |
Obligations rated Ca are highly speculative and are likely in, or very near, default, with some prospect of recovery in principal and interest. |
C |
Obligations rated C are the lowest-rated class of bonds and are typically in default, with little prospect for recovery of principal or interest. |
AAA |
Highest credit quality. The capacity for the payment of financial obligations is exceptionally high and unlikely to be adversely affected by future events. |
AA |
Superior credit quality. The capacity for the payment of financial obligations is considered high. Credit quality differs from AAA only to a small degree. Unlikely to be significantly vulnerable to future events. |
A |
Good credit quality. The capacity for the payment of financial obligations is substantial, but of lesser credit quality than AA. May be vulnerable to future events, but qualifying negative factors are considered manageable. |
BBB |
Adequate credit quality. The capacity for the payment of financial obligations is considered acceptable. May be vulnerable to future events. |
BB |
Speculative, non-investment grade credit quality. The capacity for the payment of financial obligations is uncertain. Vulnerable to future events. |
B |
Highly speculative credit quality. There is a high level of uncertainty as to the capacity to meet financial obligations. |
CCC/CC/C |
Very highly speculative credit quality. In danger of defaulting on financial obligations. There is little difference between these three categories, although CC and C ratings are normally applied to obligations that are seen as highly likely to default, or subordinated to obligations rated in the CCC to B range. Obligations in respect of which default has not technically taken place but is considered inevitable may be rated in the C category. |
D |
When the issuer has filed under any applicable bankruptcy, insolvency or winding up statute or there is a failure to satisfy an obligation after the exhaustion of grace periods, a downgrade to D may occur. DBRS Morningstar may also use SD (Selective Default) in cases where only some securities are impacted, such as the case of a “distressed exchange.” |
AAA |
An insurer rated ‘AAA’ has extremely strong financial security characteristics. ‘AAA’ is the highest insurer financial strength rating assigned by S&P Global Ratings. |
AA |
An insurer rated ‘AA’ has very strong financial security characteristics, differing only slightly from those rated higher. |
A |
An insurer rated ‘A’ has strong financial security characteristics, but is somewhat more likely to be affected by adverse business conditions than are insurers with higher ratings. |
BBB |
An insurer rated ‘BBB’ has good financial security characteristics, but is more likely to be affected by adverse business conditions than are higher-rated insurers. |
BB, B, CCC, and CC |
An insurer rated ‘BB’ or lower is regarded as having vulnerable characteristics that may outweigh its strengths, ‘BB’ indicates the least degree of vulnerability within the range and ‘CC’ the highest. |
BB |
An insurer rated ‘BB’ has marginal financial security characteristics. Positive attributes exist, but adverse business conditions could lead to insufficient ability to meet financial commitments. |
B |
An insurer rated ‘B’ has weak financial security characteristics. Adverse business conditions will likely impair its ability to meet financial commitments. |
CCC |
An insurer rated ‘CCC’ has very weak financial security characteristics, and is dependent on favorable business conditions to meet financial commitments. |
CC |
An insurer rated ‘CC’ has extremely weak financial security characteristics and is likely not to meet some of its financial commitments. |
SD and D |
An insurer rated ‘SD’ (selective default) or ‘D’ is in default on one or more of its insurance policy obligations. The ‘D’ rating also will be used upon the filing of a bankruptcy petition or the taking of similar action if payments on a policy obligation are at risk. A ‘D’ rating is assigned when S&P Global Ratings believes that the default will be a general default and that the obligor will fail to pay substantially all of its obligations in full in accordance with the policy terms. An ‘SD’ rating is assigned when S&P Global Ratings believes that the insurer has selectively defaulted on a specific class of policies but it will continue to meet its payment obligations on other classes of obligations. An ‘SD’ includes the completion of a distressed debt restructuring. Claim denials due to lack of coverage or other legally permitted defenses are not considered defaults. |
AAA |
EXCEPTIONALLY STRONG. ‘AAA’ IFS Ratings denote the lowest expectation of ceased or interrupted payments. They are assigned only in the case of exceptionally strong capacity to meet policyholder and contract obligations. This capacity is highly unlikely to be adversely affected by foreseeable events. |
AA |
VERY STRONG. ‘AA’ IFS Ratings denote a very low expectation of ceased or interrupted payments. They indicate very strong capacity to meet policyholder and contract obligations. This capacity is not significantly vulnerable to foreseeable events. |
A |
STRONG. ‘A’ IFS Ratings denote a low expectation of ceased or interrupted payments. They indicate strong capacity to meet policyholder and contract obligations. This capacity may, nonetheless, be more vulnerable to changes in circumstances or in economic conditions than is the case for higher ratings. |
BBB |
GOOD. ‘BBB’ IFS Ratings indicate that there is currently a low expectation of ceased or interrupted payments. The capacity to meet policyholder and contract obligations on a timely basis is considered adequate, but adverse changes in circumstances and economic conditions are more likely to impact this capacity. |
BB |
MODERATELY WEAK. ‘BB’ IFS Ratings indicate that there is an elevated vulnerability to ceased or interrupted payments, particularly as the result of adverse economic or market changes over time. However, business or financial alternatives may be available to allow for policyholder and contract obligations to be met in a timely manner. |
B |
WEAK. ‘B’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, there is significant risk that ceased or interrupted payments could occur in the future, but a limited margin of safety remains. Capacity for continued timely payments is contingent upon a sustained, favorable business and economic environment, and favorable market conditions. Alternatively, a ‘B’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, but with the potential for extremely high recoveries. Such obligations would possess a recovery assessment of ‘RR1’ (Outstanding). |
CCC |
VERY WEAK. ‘CCC’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, there is a real possibility that ceased or interrupted payments could occur in the future. Capacity for continued timely payments is solely reliant upon a sustained, favorable business and economic environment, and favorable market conditions. Alternatively, a ‘CCC’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, and with the potential for average to superior recoveries. Such obligations would possess a recovery assessment of ‘RR2’ (Superior), ‘RR3’ (Good), and ‘RR4’ (Average). |
CC |
EXTREMELY WEAK. ‘CC’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, it is probable that ceased or interrupted payments will occur in the future. Alternatively, a ‘CC’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, with the potential for average to below-average recoveries. Such obligations would possess a recovery assessment of ‘RR4’ (Average) or ‘RR5’ (Below Average). |
C |
DISTRESSED. ‘C’ IFS Ratings indicate two possible conditions. If obligations are still being met on a timely basis, ceased or interrupted payments are imminent. Alternatively, a ‘C’ IFS Rating is assigned to obligations that have experienced ceased or interrupted payments, and with the potential for below average to poor recoveries. Such obligations would possess a recovery assessment of ‘RR5’ (Below Average) or ‘RR6’ (Poor). |
F1 |
Insurers are viewed as having a strong capacity to meet their near-term obligations. When an insurer rated in this rating category is designated with a (+) sign, it is viewed as having a very strong capacity to meet near-term obligations. |
F2 |
Insurers are viewed as having a good capacity to meet their near-term obligations. |
F3 |
Insurers are viewed as having an adequate capacity to meet their near-term obligations. |
B |
Insurers are viewed as having a weak capacity to meet their near-term obligations. |
C |
Insurers are viewed as having a very weak capacity to meet their near-term obligations. |
RR1 |
OUTSTANDING RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR1’ rated securities have characteristics consistent with securities historically recovering 91%–100% of current principal and related interest. |
RR2 |
SUPERIOR RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR2’ rated securities have characteristics consistent with securities historically recovering 71%–90% of current principal and related interest. |
RR3 |
GOOD RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR3’ rated securities have characteristics consistent with securities historically recovering 51%–70% of current principal and related interest. |
RR4 |
AVERAGE RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR4’ rated securities have characteristics consistent with securities historically recovering 31%–50% of current principal and related interest. |
RR5 |
BELOW AVERAGE RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR5’ rated securities have characteristics consistent with securities historically recovering 11%– 30% of current principal and related interest. |
RR6 |
POOR RECOVERY PROSPECTS GIVEN DEFAULT. ‘RR6’ rated securities have characteristics consistent with securities historically recovering 0%–10% of current principal and related interest. |
Aaa |
Insurance companies rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk. |
Aa |
Insurance companies rated Aa are judged to be of high quality and are subject to very low credit risk. |
A |
Insurance companies rated A are judged to be upper-medium grade and are subject to low credit risk. |
Baa |
Insurance companies rated Baa are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics. |
Ba |
Insurance companies rated Ba are judged to be speculative and are subject to substantial credit risk. |
B |
Insurance companies rated B are considered speculative and are subject to high credit risk. |
Caa |
Insurance companies rated Caa are judged to be speculative of poor standing and are subject to very high credit risk. |
Ca |
Insurance companies rated Ca are highly speculative and are likely in, or very near, default, with some prospect of recovery of principal and interest. |
C |
Insurance companies rated C are the lowest rated and are typically in default, with little prospect for recovery of principal or interest. |
P-1 |
Ratings of Prime-1 reflect a superior ability to repay short-term debt obligations. |
P-2 |
Ratings of Prime-2 reflect a strong ability to repay short-term debt obligations. |
P-3 |
Ratings of Prime-3 reflect an acceptable ability to repay short-term obligations. |
P-4 |
Issuers (or supporting institutions) rated Not Prime do not fall within any of the Prime rating categories. |
SP-1 |
Strong capacity to pay principal and interest. An issue determined to possess a very strong capacity to pay debt service is given a plus (+) designation. |
SP-2 |
Satisfactory capacity to pay principal and interest, with some vulnerability to adverse financial and economic changes over the term of the notes. |
SP-3 |
Speculative capacity to pay principal and interest. |
D |
‘D’ is assigned upon failure to pay the note when due, completion of a distressed debt restructuring, or the filing of a bankruptcy petition or the taking of similar action and where default on an obligation is a virtual certainty, for example, due to automatic stay provisions. |
MIG 1 |
This designation denotes superior credit quality. Excellent protection is afforded by established cash flows, highly reliable liquidity support or demonstrated broad-based access to the market for refinancing. |
MIG 2 |
This designation denotes strong credit quality. Margins of protection are ample, although not as large as in the preceding group. |
MIG 3 |
This designation denotes acceptable credit quality. Liquidity and cash-flow protection may be narrow, and market access for refinancing is likely to be less well-established. |
SG |
This designation denotes speculative-grade credit quality. Debt instruments in this category may lack sufficient margins of protection. |
VMIG 1 |
This designation denotes superior credit quality. Excellent protection is afforded by the superior short-term credit strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. |
VMIG 2 |
This designation denotes strong credit quality. Good protection is afforded by the strong short-term credit strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. |
VMIG 3 |
This designation denotes acceptable credit quality. Adequate protection is afforded by the satisfactory short-term credit strength of the liquidity provider and structural and legal protections that ensure the timely payment of purchase price upon demand. |
SG |
This designation denotes speculative-grade credit quality. Demand features rated in this category may be supported by a liquidity provider that does not have a sufficiently strong short-term rating or may lack the structural or legal protections necessary to ensure the timely payment of purchase price upon demand. |
Pfd-1 |
Preferred shares rated Pfd-1 are generally of superior credit quality, and are supported by entities with strong earnings and balance sheet characteristics. Pfd-1 ratings generally correspond with issuers with a AAA or AA category reference point1. |
Pfd-2 |
Preferred shares rated Pfd-2 are generally of good credit quality. Protection of dividends and principal is still substantial, but earnings, the balance sheet and coverage ratios are not as strong as Pfd-1 rated companies. Generally, Pfd-2 ratings correspond with issuers with an A category or higher reference point. |
Pfd-3 |
Preferred shares rated Pfd-3 are generally of adequate credit quality. While protection of dividends and principal is still considered acceptable, the issuing entity is more susceptible to adverse changes in financial and economic conditions, and there may be other adverse conditions present which detract from debt protection. Pfd-3 ratings generally correspond with issuers with a BBB category or higher reference point. |
Pfd-4 |
Preferred shares rated Pfd-4 are generally speculative, where the degree of protection afforded to dividends and principal is uncertain, particularly during periods of economic adversity. Issuers with preferred shares rated Pfd-4 generally correspond with issuers with a BB category or higher reference point. |
Pfd-5 |
Preferred shares rated Pfd-5 are generally highly speculative and the ability of the entity to maintain timely dividend and principal payments in the future is highly uncertain. Entities with a Pfd-5 rating generally correspond with issuers with a B category or higher reference point. Preferred shares rated Pfd-5 often have characteristics that, if not remedied, may lead to default. |
D |
When the issuer has filed under any applicable bankruptcy, insolvency or winding up or the issuer is in default per the legal documents, a downgrade to D may occur. Because preferred share dividends are only payable when approved, the non-payment of a preferred share dividend does not necessarily result in a D. DBRS Morningstar may also use SD (Selective Default) in cases where only some securities are impacted, such as the case of a “distressed exchange”. See the Default Definition document posted on the website for more information. |
(a) Articles of Incorporation | |
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(a)(3) |
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(a)(4) |
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(a)(5) |
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(b) By-laws | |
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(c) Instruments Defining Rights of Security Holders: Incorporated by reference to Exhibits (a) and (b). | |
(d) Investment Advisory Contracts | |
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(d)(1)(b) |
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(d)(2) |
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(d)(3) |
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(d)(4) |
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(d)(5) |
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(d)(6) |
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(e) Underwriting Contracts |
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(e)(3) |
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(e)(4) |
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(e)(5) |
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(e)(6) |
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(e)(8) |
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(f) Bonus or Profit Sharing Contracts | |
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(g) Custodian Agreements | |
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(g)(1)(b) |
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(g)(1)(c) |
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(g)(2)(a) |
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(g)(2)(b) |
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(h) Other Material Contracts | |
(h)(1)(a) |
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(h)(1)(b) |
(h)(1)(c) |
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(h)(1)(d) |
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(h)(2)(a) |
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(h)(2)(b) |
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(h)(2)(c) |
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(h)(2)(d) |
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(h)(3)(a) |
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(h)(3)(b) |
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(h)(3)(c) |
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(h)(12)(j) |
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(i) Legal Opinion | |
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(j) Other Opinions | |
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(k) Omitted Financial Statements: Not applicable. | |
(l) Initial Capital Agreements | |
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(m) Rule 12b-1 Plan | |
(m)(1) |
(m)(2) |
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(n) Rule 18f-3 Plan | |
(n)(1) |
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(o) Reserved. | |
(p) Codes of Ethics | |
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(p)(4) |
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(q) Power of Attorney | |
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(q)(3) |
EX-101.INS |
XBRL Instance Document - the instance document does not appear on the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
EX-101.SCH |
XBRL Taxonomy Extension Schema Document. |
EX-101.CAL |
XBRL Taxonomy Extension Calculation Linkbase Document. |
EX-101.DEF |
XBRL Taxonomy Extension Definition Linkbase Document. |
EX-101.LAB |
XBRL Taxonomy Extension Labels Linkbase Document. |
EX-101.PRE |
XBRL Taxonomy Extension Presentation Linkbase Document. |
Name with Registrant |
Positions and Office with JPMorgan Distribution Services, Inc. |
Positions and Offices with the Funds |
Wendy K. Barta |
Director, President & Managing Director |
None |
Gary C. Krivo |
Managing Director & Chief Risk Officer |
None |
Andrea L. Lisher |
Director & Managing Director |
None |
Michael R. Machulski |
Director & Managing Director |
None |
Joseph F. Sanzone |
Director & Managing Director |
None |
Brian S. Shlissel |
Managing Director |
President & Principal Executive Officer |
Jessica K. Ditullio |
Executive Director & Assistant Secretary |
Assistant Secretary |
Frank J. Drozek |
Executive Director & Assistant Treasurer |
None |
James A. Hoffman |
Executive Director & Chief Administrative Officer |
None |
Rachel Horn |
Executive Director & Assistant Secretary |
None |
Kevin Kloza |
Executive Director & Chief Compliance Officer |
None |
Carmine Lekstutis |
Executive Director & Chief Legal Officer |
Assistant Secretary |
Christopher J. Mohr |
Executive Director & Assistant Treasurer |
None |
Christopher G. Sprules |
Executive Director & Treasurer |
None |
Carmen S. Lopez |
Anti-Money Laundering Compliance Officer |
None |
Adetunji Ogunmefun |
Vice President & Secretary |
None |
Sarah A. Clark |
Vice President & Assistant Secretary |
None |
Andrea Belen Daneri |
Vice President & Assistant Secretary |
None |
Chike N. Egbuniwe |
Vice President & Assistant Secretary |
None |
Alysee N. Pelletier |
Vice President & Assistant Secretary |
None |
Name with Registrant |
Positions and Office with JPMorgan Distribution Services, Inc. |
Positions and Offices with the Funds |
Emilia Wade |
Assistant Secretary |
None |
JPMorgan Trust I | |
By: |
Brian S. Shlissel* |
|
Name: Brian S. Shlissel |
|
Title: President and Principal Executive Officer |
John F. Finn* |
John F. Finn |
Trustee |
Stephen P. Fisher* |
Stephen P. Fisher |
Trustee |
Gary L. French* |
Gary L. French |
Trustee |
Kathleen M. Gallagher* |
Kathleen M. Gallagher |
Trustee |
Robert J. Grassi* |
Robert J. Grassi |
Trustee |
Frankie D. Hughes* |
Frankie D. Hughes |
Trustee |
Raymond Kanner* |
Raymond Kanner |
Trustee |
Thomas P. Lemke* |
Thomas P. Lemke |
Trustee |
Timothy J. Clemens* |
Timothy J. Clemens |
Treasurer and Principal Financial Officer |
*By |
/s/ Anthony Geron |
|
Anthony Geron |
|
Attorney-In-Fact |
Lawrence R. Maffia* |
Lawrence R. Maffia |
Trustee |
Mary E. Martinez* |
Mary E. Martinez |
Trustee |
Marilyn McCoy* |
Marilyn McCoy |
Trustee |
Robert A. Oden, Jr.* |
Robert A. Oden, Jr. |
Trustee |
Marian U. Pardo* |
Marian U. Pardo |
Trustee |
Emily A. Youssouf* |
Emily A. Youssouf |
Trustee |
Robert F. Deutsch* |
Robert F. Deutsch |
Trustee |
Nina O. Shenker* |
Nina O. Shenker |
Trustee |
Brian S. Shlissel* |
Brian S. Shlissel |
President and Principal Executive Officer |
Exhibit No. |
Description |
(h)(2)(b) |
Second Amendment to Amended and Restated Transfer Agency Agreement between the Trust and DST Asset Manager Solutions, Inc. (“DST AMS” f/k/a “Boston Financial Data Services, Inc.”), dated August 30, 2019. |
(h)(12)(a) |
Fee Waiver Agreement, dated July 1, 2024, for the FYE 2/28 Funds listed on Schedule A thereto. |
(i) |
Opinion and consent of counsel. |
(j) |
Consent of independent registered public accounting firm. |
(q)(1) |
Powers of Attorney for the Trustees. |
EX-101.INS |
XBRL Instance Document - the instance document does not appear on the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
EX-101.SCH |
XBRL Taxonomy Extension Schema Document. |
EX-101.CAL |
XBRL Taxonomy Extension Calculation Linkbase Document. |
EX-101.DEF |
XBRL Taxonomy Extension Definition Linkbase Document. |
EX-101.LAB |
XBRL Taxonomy Extension Labels Linkbase Document. |
EX-101.PRE |
XBRL Taxonomy Extension Presentation Linkbase Document. |