40-17G/A 1 combinedfidtybdchngs.txt AMENDED FIDELITY BOND POLICY COVER SHEET Job Name: XP3310D5 Print Date and Time: 05/21/09 21:00 File Number: O617O Business Center/ Original Business Unit: FINANCIAL AND PROFESSIONAL SERVICES Policy Number: 490PB2216 Name of insured: JPMORGAN FUNDS Agency Number: 3180284 Department or Expense Center: 001 Underwriter: 1470873 Underwriting Team: Data Entry Person: ROBERT BARNETT Date and Time: 05/21/09 12:04 004 Special Instructions Policy Commencement Date: 03/01/09 This is an OUT OF SEQUENCE endorsement. Check previous endorsements for related changes. Verify that the information still applies to the policy. THIS POLICY CONTAINS FORMS SELECTED THROUGH DOCUMENT SELECT The hard copy of the bond issued by the Underwriter will be referenced in the event of a loss ICB001 Rev. 7/04 2004 The Travelers Companies, Inc. Page 1 of 2 INVESTMENT COMPANY BLANKET BOND St. Paul Fire and Marine Insurance Company St. Paul, Minnesota 55102-1396 (A Stock Insurance Company, herein called Underwriter) DECLARATIONS BOND NO. 490PB2216 Item 1. Name of Insured (herein called Insured): JPMORGAN FUNDS Principal Address: 245 PARK AVENUE - 2ND FLOOR NY1-Q205 NEW YORK, NY 10167 Item 2. Bond Period from 12:01 a.m. on 03/01/09 to 12:01 a.m. on 03/01/2010 the effective date of the termination or cancellation of the bond, standard time at the Principal Address as to each of said dates. Item 3. Limit of Liability Subject to Sections 9, 10, and 12 hereof: Limit of Deductible Liability Amount Insuring Agreement A - FIDELITY $12,925,000 $0 Insuring Agreement B - AUDIT EXPENSE $50,000 $0 Insuring Agreement C - PREMISES $12,925,000 $25,000 Insuring Agreement D - TRANSIT $12,925,000 $25,000 Insuring Agreement E - FORGERY OR ALTERATION $12,925,000 $25,000 Insuring Agreement F - SECURITIES $12,925,000 $25,000 Insuring Agreement G - COUNTERFEIT CURRENCY $12,925,000 $25,000 Insuring Agreement H - STOP PAYMENT $50,000 $5,000 Insuring Agreement I - UNCOLLECTIBLE ITEMS OF DEPOSIT $50,000 $5,000 OPTIONAL COVERAGES ADDED BY RIDER: INSURING AGREEMENT (J) UNAUTHORIZED SIGNATURES $50,000 $2,500 INSURING AGREEMENT (K) COMPUTER SYSTEMS $12,925,000 $25,000 INSURING AGREEMENT (L) VOICE - INITIATED TRANSFER $12,925,000 $25,000 INSURING AGREEMENT (M) TELEFACIMILE TRANSACTIONS $12,925,000 $25,000 If "Not Covered" is inserted above opposite any specified Insuring Agreement or Coverage, such Insuring Agreement or Coverage and any other reference thereto in this bond shall be deemed to be deleted therefrom. Item 4. Offices or Premises Covered - Offices acquired or established subsequent to the effective date of this bond are covered according to the terms of General Agreement A. All the Insured's offices or premises in existence at the time this bond becomes effective are covered under this bond except the offices or premises located as follows: N/A The hard copy of the bond issued by the Underwriter will be referenced in the event of a loss ICB001 Rev. 7/04 2004 The Travelers Companies, Inc. Page 2 of 2 Item 5. The liability of the Underwriter is subject to the terms of the following endorsements or riders attached hereto: Endorsements or Riders No. 1 through ICB001 Rev. 7/04, ICB010 Ed 7/04, ICB011 Ed. 7-04, ICB012 Ed. 7-04, ICB013 Ed. 7-04, ICB014 Ed. 7-04, ICB015 Ed. 7-04, ICB016 Ed. 7-04, ICB017 Ed. 7-04, ICB018 Ed. 7-04, ICB026 Ed. 7-04, ICB037 Ed. 7-04, MEL4734 Ed. 11-06 Item 6. The Insured by the acceptance of this bond gives notice to the Underwriter terminating or canceling prior bonds or policy(ies) No.(s) 490PB1831 such termination or cancellation to be effective as of the time this bond becomes effective. IN WITNESS WHEREOF, the Company has caused this bond to be signed by its President and Secretary and countersigned by a duly authorized representative of the Company. Countersigned: ST. PAUL FIRE AND MARINE INSURANCE COMPANY /s/ Bruce Backberg Secretary /s/ Brian MacLean President Authorized Representative Countersigned At Countersignature Date The hard copy of the bond issued by the Underwriter will be referenced in the event of a loss. *********************************************************************** ICB010 Ed. 7/04 Page 1 of 5 ENDORSEMENT OR RIDER THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. The following spaces proceeded by an (*) need not be completed if this endorsement or rider and the Bond or Policy have the same inception date. Attached to and Forming Part of Bond Or Policy No. 490PB2216 Date Endorsement or Rider Executed 05/14/2009 * Effective Date of Endorsement or Rider 12:01 A.M. Standard Time as Specified in the Bond or Policy 04/24/2009 *ISSUED TO JPMORGAN FUNDS Named Insured Endorsement It is agreed that: 1. From and after the time this rider becomes effective the Insured under the attached bond are: JPMorgan Trust I including: Highbridge Statistical Market Neutral Fund JPMorgan 100% U.S. Treasury Securities Money Market Fund JPMorgan Asia Equity Fund JPMorgan Bond Fund JPMorgan California Municipal Money Market Fund JPMorgan California Tax Free Bond Fund JPMorgan Capital Growth Fund JPMorgan China Region Fund JPMorgan Disciplined Equity Fund JPMorgan Diversified Fund JPMorgan Dynamic Growth Fund JPMorgan Dynamic Small Cap Growth Fund JPMorgan Emerging Markets Debt Fund JPMorgan Emerging Markets Equity Fund JPMorgan Enhanced Income Fund JPMorgan Federal Money Market Fund JPMorgan Global Focus Fund JPMorgan Growth and Income Fund JPMorgan Income Builder Fund JPMorgan India Fund JPMorgan Intermediate Tax Free Bond Fund JPMorgan International Currency Income Fund JPMorgan International Equity Fund JPMorgan International Opportunities Fund JPMorgan International Realty Fund JPMorgan International Value Fund JPMorgan International Value SMA Fund JPMorgan Intrepid America Fund JPMorgan Intrepid European Fund JPMorgan Intrepid Growth Fund JPMorgan Intrepid International Fund JPMorgan Intrepid Multi Cap Fund JPMorgan Intrepid Value Fund JPMorgan Intrepid Japan Fund (f/k/a JPMorgan Japan Fund) JPMorgan Latin America Fund JPMorgan Market Neutral Fund JPMorgan Mid Cap Equity Fund JPMorgan New York Municipal Money Market Fund JPMorgan New York Tax Free Bond Fund JPMorgan Prime Money Market Fund JPMorgan Real Return Fund JPMorgan Russia Fund JPMorgan Short Term Bond Fund JPMorgan Small Cap Core Fund JPMorgan Small Cap Equity Fund JPMorgan SmartRetirement 2010 Fund JPMorgan SmartRetirement 2015 Fund JPMorgan SmartRetirement 2020 Fund JPMorgan SmartRetirement 2025 Fund JPMorgan SmartRetirement 2030 Fund JPMorgan SmartRetirement 2035 Fund JPMorgan SmartRetirement 2040 Fund JPMorgan SmartRetirement 2045 Fund JPMorgan SmartRetirement 2050 Fund JPMorgan SmartRetirement Income Fund JPMorgan Strategic Preservation Fund JPMorgan Strategic Small Cap Value Fund JPMorgan Tax Aware Disciplined Equity Fund JPMorgan Tax Aware Enhanced Income Fund JPMorgan Tax Aware High Income Fund JPMorgan Tax Aware Real Return Fund JPMorgan Tax Aware Real Return SMA Fund JPMorgan Tax Aware Short-Intermediate Income Fund JPMorgan Tax Aware U.S. Equity Fund JPMorgan Tax Free Money Market Fund JPMorgan U.S. Equity Fund JPMorgan U.S Large Cap Core Plus Fund JPMorgan U.S. Small Company Fund JPMorgan Value Advantage Fund JPMorgan Value Discovery Fund JPMorgan Emerging Economies Fund JPMorgan International Markets Fund JPMorgan Total Return Fund JPMorgan Strategic Income Opportunities Fund JPMorgan Intrepid Plus Fund JPMorgan U.S. Large Cap Value Plus Fund JPMorgan Trust II including: JPMorgan Arizona Municipal Bond Fund JPMorgan Core Bond Fund JPMorgan Core Plus Bond Fund JPMorgan Diversified Mid Cap Growth Fund JPMorgan Diversified Mid Cap Value Fund JPMorgan Equity Income Fund JPMorgan Equity Index Fund JPMorgan Government Bond Fund JPMorgan High Yield Bond Fund JPMorgan Intermediate Bond Fund JPMorgan International Equity Index Fund JPMorgan Intrepid Mid Cap Fund JPMorgan Investor Balanced Fund JPMorgan Investor Conservative Growth Fund JPMorgan Investor Growth & Income Fund JPMorgan Investor Growth Fund JPMorgan Kentucky Municipal Bond Fund JPMorgan Large Cap Growth Fund JPMorgan Large Cap Value Fund JPMorgan Liquid Assets Money Market Fund JPMorgan Louisiana Municipal Bond Fund JPMorgan Market Expansion Index Fund JPMorgan Michigan Municipal Bond Fund JPMorgan Michigan Municipal Money Market Fund JPMorgan Mortgage-Backed Securities Fund JPMorgan Multi-Cap Market Neutral Fund JPMorgan Municipal Income Fund JPMorgan Municipal Money Market Fund JPMorgan Ohio Municipal Bond Fund JPMorgan Ohio Municipal Money Market Fund JPMorgan Short Duration Bond Fund JPMorgan Short Term Municipal Bond Fund JPMorgan Small Cap Growth Fund JPMorgan Small Cap Value Fund JPMorgan Tax Free Bond Fund JPMorgan Treasury & Agency Fund JPMorgan U.S. Government Money Market Fund JPMorgan U.S. Real Estate Fund JPMorgan U.S. Treasury Plus Money Market Fund JPMorgan Ultra Short Duration Bond Fund JPMorgan West Virginia Municipal Bond Fund Undiscovered Managers Funds including: JPMorgan Realty Income Fund Undiscovered Managers Behavioral Growth Fund Undiscovered Managers Behavioral Value Fund Undiscovered Managers Small Cap Growth Fund UM Investment Trust including: Undiscovered Managers Multi-Strategy Fund J.P. Morgan Mutual Fund Group including: JPMorgan Short Term Bond Fund II J.P. Morgan Fleming Mutual Fund Group including: JPMorgan Mid Cap Value Fund J.P. Morgan Mutual Fund Investment Trust including: JPMorgan Growth Advantage Fund JPMorgan Insurance Trust including: JPMorgan Insurance Trust Balanced Portfolio JPMorgan Insurance Trust Core Bond Portfolio JPMorgan Insurance Trust U.S. Equity Portfolio f/k/a JPMorgan Insurance Trust Diversified Equity Portfolio JPMorgan Insurance Trust Diversified Mid Cap Growth Portfolio JPMorgan Insurance Trust Mid Cap Value Portfolio f/k/a JPMorgan Insurance Trust Diversified Mid Cap Value Portfolio JPMorgan Insurance Trust Equity Index Portfolio JPMorgan Insurance Trust International Equity Portfolio JPMorgan Insurance Trust Intrepid Growth Portfolio JPMorgan Insurance Trust Intrepid Mid Cap Portfolio JPMorgan Insurance Trust Small Cap Core Portfolio f/k/a JPMorgan Insurance Trust Small Cap Equity Portfolio JPMorgan Institutional Trust including: JPMorgan Core Bond Trust JPMorgan Equity Index Trust JPMorgan Intermediate Bond Trust JPMorgan Ultra Short Duration Bond Trust JPMorgan Short Term Bond Trust Pacholder High Yield Fund, Inc. 2. The first named Insured shall act for itself and for each and all of the Insured for all the purposes of the attached bond. 3. Knowledge possessed or discovery made by any Insured or by any partner or officer thereof shall for all the purposes of the attached bond constitute knowledge or discovery by all the Insured. 4. If, prior to the termination of the attached bond in its entirety, the attached bond is terminated as to any Insured, there shall be no iability for any loss sustained by such Insured unless discovered before the time such termination as to such Insured becomes effective. 5. The liability of the Underwriter for loss or losses sustained by any or all of the Insured shall not exceed the amount for which the Underwriter would be liable had all such loss or losses been sustained by any one of the Insured. Payment by the Underwriter to the first named Insured of loss sustained by any Insured shall fully release the Underwriter on account of such loss. 6. If the first named Insured ceases for any reason to be covered under the attached bond, then the Insured next named shall thereafter be considered as the first named Insured for all the purposes of the attached bond. Nothing herein contained shall be held to vary, alter, waive, or extend any of the terms, conditions, provisions, agreements or limitations of the above mentioned Bond or Policy, other than as above stated. By Authorized Representative