EX-1

JPMORGAN TRUST I
JPMORGAN TRUST II
JPMORGAN TRUST III
JPMORGAN TRUST IV
UNDISCOVERED MANAGERS FUNDS
JPMORGAN INSURANCE TRUST
J.P. MORGAN FLEMING MUTUAL FUND GROUP, INC.
J.P. MORGAN MUTUAL FUND INVESTMENT TRUST
JPMORGAN INSTITUTIONAL TRUST
J.P. MORGAN ACCESS MULTI-STRATEGY FUND, L.L.C.
J.P. MORGAN ACCESS MULTI-STRATEGY FUND II
(each a Trust, collectively, the Trusts)

Secretary's Certificate


The undersigned hereby certifies that he is the Secretary of
JPMorgan Trust I, JPMorgan Trust II, JPMorgan Trust III,
JPMorgan Trust IV, Undiscovered Managers Funds, JPMorgan
Insurance Trust, J.P. Morgan Fleming Mutual Fund Group, Inc.,
J.P. Morgan Mutual Fund Investment Trust, JPMorgan Institutional
Trust, J.P. Morgan Access Multi-Strategy Fund, L.L.C. and
J.P. Morgan Access Multi-Strategy Fund II (the "Trusts");
that the following is a true and correct copy of the resolutions
approving the amount and form of the fidelity bond adopted by
vote of a majority of the members of the Board of Trustees/Directors
of the Trusts, including a majority of the Trustees/Directors
who are not interested persons of the Trusts (within the meaning of
Section 2(a)(19) of the Investment Company Act of 1940 Act, as amended)
on the 12th day of February 2019 and that said resolutions
are in full force and effect:

RESOLVED, that it is the finding of the Trustees of JPMorgan Trust I,
JPMorgan Trust II, JPMorgan Trust III, JPMorgan Trust IV, Undiscovered
Managers Funds, JPMorgan Insurance Trust, J.P. Morgan Fleming
Mutual Fund Group, Inc., J.P. Morgan Mutual Fund Investment Trust,
JPMorgan Institutional Trust, J.P. Morgan Access Multi-Strategy Fund, L.L.C.
 and J.P. Morgan Access Multi-Strategy Fund II (collectively, the "Trusts")
 and separately the finding of the Independent Trustees that the proposed
 Fidelity Bond written by St. Paul Fire and Marine Insurance
 Company (the "Bond") in the aggregate amount of $19,625,000,
 covering, among others, officers and employees of the Trusts,
 in accordance with the requirements of Rule 17g-1 promulgated by
 the Securities and Exchange Commission under Section 17(g) of the
 Investment Company Act of 1940, as amended, is reasonable in form and
 amount, after having given due consideration to, among other things,
 the value of the aggregate assets of each of the funds that are
 series of the Trusts to which any person covered under the Bond
 may have access, the type and terms of the arrangements made for
 the custody and safekeeping of assets of the Trusts, and the
 nature of the securities in the funds' portfolios; and

FURTHER RESOLVED, that the premium to be paid by the Trusts under
the Bond be, and hereby is, approved by the Trustees and
separately by the Independent Trustees after having given
due consideration to, among other things, the number of other
parties insured under the Bond, the nature of the business
activities of those other parties, the amount of the Bond, the
amount of the premium of the Bond, the ratable allocation of
the premium among all persons named as insureds, and the extent
to which the share of the premium allocated to each Trust under
the Bond is no more than the premium that such Trust would have
had to pay had it maintained a single insured bond; and

FURTHER RESOLVED, that the Bond and the premium to be paid be,
and hereby are, approved by a vote of a majority of the
Trustees and separately by the Independent Trustees; and

FURTHER RESOLVED, that the officers of the Trusts be,
and each of them hereby is, authorized and directed to enter
into an agreement on behalf among the Trusts, in substantially
the form furnished to the Trustees, as required by Rule 17g-1,
with the other named insureds under the Bond providing that in
the event any recovery is received under the Bond as a result of
a loss sustained by a Trust and also by one or more of the other
named insureds, that Trust shall receive an equitable and
proportionate share of the recovery, but in no event less than the
amount it would have received had it provided and maintained a
single insured bond with the minimum coverage required by
paragraph (d)(1) of the aforementioned Rule 17g-1; and

FURTHER RESOLVED, that the appropriate officers of the Trusts be,
and they hereby are, authorized and directed to prepare, execute
and file such amendments and supplements to the aforesaid agreement,
and to take such other action as may be necessary or appropriate
in order to conform to the provisions of the Investment Company
Act of 1940, as amended, and the rules and regulations thereunder; and

FURTHER RESOLVED, that the Secretary of the Trusts shall file the Bond
with the Securities and Exchange Commission and give notice
required under paragraph (g) of the aforementioned Rule 17g- 1; and

FURTHER RESOLVED, that the appropriate officers of Trusts be, and
each of them hereby is, authorized to make any and all payments and
to do any and all other acts, in the name of Trusts and on its behalf,
as they, or any of them, may determine to be necessary or desirable
and proper in connection with or in furtherance of the foregoing resolutions.



Dated this 4th day of March, 2019



/s/ Noah D. Greenhill
----------------------
Noah D. Greenhill
Secretary

EX-2

JOINT FIDELITY BOND AGREEMENT
AGREEMENT made effective this 1st day of March, 2019,
by and among each of the Registrants listed on Schedule A
to this Agreement (each a "Registrant" and collectively, the "Registrants")
and each an "Insured" and collectively, the "Insureds").


WHEREAS, each Registrant is a management investment company registered
under the Investment Company Act of 1940, as amended (the "1940 Act"); and

WHEREAS, pursuant to the requirements of Rule 17g-1 under the 1940 Act,
each Registrant is required to maintain a fidelity bond against larceny
and embezzlement covering certain of its officers and employees; and

WHEREAS, Rule 17g-1 provides that a registered management investment
company may obtain a joint insured bond covering itself and other
persons, as specified in Rule 17g-1(b) under the 1940 Act,
including other registered investment companies that are managed
and/or whose shares are distributed by the same entities
(or affiliates of such entities); and

WHEREAS, each series of the Registrants is managed by subsidiaries
or affiliates of JPMorgan Chase & Co. ("JPMorgan"); and

WHEREAS, the Insureds have entered into a Registered Management
Investment Company Bond issued by St. Paul Fire and
Marine Insurance Company ("Bond"); and

WHEREAS, the Insureds desire to provide for: (1)
the method by which the amount of coverage provided
under the Bond will be determined from time to time;
and (2) an equitable and proportionate allocation of
any proceeds received under the Bond in the event that one
or more Insureds suffer loss and consequently are entitled
to recover under the Bond;

NOW THEREFORE, it is hereby agreed among the parties hereto as follows:

1. 	Amount of Coverage Maintained.  The amount of fidelity bond coverage
under the Bond shall at all times be at least equal in amount to the
total amount of coverage which each Registrant would have been required to
provide and maintain individually pursuant to the schedule set forth
in paragraph (d) of Rule 17g-1 under the 1940 Act had each
Registrant not been a named Insured under the Bond.

2. 	Allocation of Recovery.  In the event recovery is
received under the Bond as a result of loss sustained
by more than one of the Insureds, each such Registrant
shall receive an equitable and proportionate share of the
recovery which shall be at least equal to the amount which
that Registrant would have received had it provided and
maintained a single insured bond with the minimum coverage
required by Rule 17g-1(d)(1).

3. 	Allocation of Premiums.  No premium shall be paid by a
Registrant under the Bond unless that Registrant's Board of Trustees,
including majority of those Trustees who are not "interested persons"
of the Registrant as defined by Section 2(a)(19) of the 1940 Act,
shall approve the portion of the premium to be paid by that Registrant.
The premium payable on the Bond shall be allocated among the
Insureds as determined by the Registrants' Boards of Trustees.

4. 	Amendment.  This Agreement may not be amended or modified
in any manner except by a written agreement executed by the parties.

5. 	Applicable Law.  This Agreement shall be construed and the
provisions thereof interpreted under and in accordance with the
laws of the State of New York.

6. 	Term.  The term of this Agreement shall commence on the
date hereof and shall terminate upon the termination or
cancellation of the Bond.

IN WITNESS WHEREOF, each of the parties has caused this
Agreement to be executed in its name and behalf by its authorized
representative effective as of the day and year first above written.


JPMorgan Trust I
JPMorgan Trust II
JPMorgan Trust III
JPMorgan Trust IV
Undiscovered Managers Funds
JPMorgan Insurance Trust
J.P. Morgan Fleming Mutual Fund Group, Inc.
J.P. Morgan Mutual Fund Investment Trust
JPMorgan Institutional Trust
J.P. Morgan Access Multi-Strategy Fund, L.L.C.
J.P. Morgan Access Multi-Strategy Fund II



By:	/s/ Timothy J. Clemens
   ------------------------
Name:	  Timothy J. Clemens
Title:	  Treasurer

Schedule A: Registrants

JPMorgan Trust I
JPMorgan Trust II
JPMorgan Trust III
JPMorgan Trust IV
Undiscovered Managers Funds
JPMorgan Insurance Trust
J.P. Morgan Fleming Mutual Fund Group, Inc.
J.P. Morgan Mutual Fund Investment Trust
JPMorgan Institutional Trust
J.P. Morgan Access Multi-Strategy Fund, L.L.C.
J.P. Morgan Access Multi-Strategy Fund II

EX-3

Rule 17g-1 - Bonding of Officers and Employees of
Registered Management Investment Companies

17g-1(g)(1)(ii)(c): Statement showing the amount
of the single insured bond which each investment
company would have provided and maintained had
it not been named as an insured under a joint insured bond


JPMorgan Trust I                             $2,500,000

JPMorgan Trust II                             2,500,000
JPMorgan Trust III                              400,000
JPMorgan Trust IV                             2,500,000
Undiscovered Managers Funds                   2,500,000

JPMorgan Insurance Trust                      1,250,000

J.P. Morgan Fleming Mutual Fund Group, Inc.   2,500,000
J.P. Morgan Mutual Fund Investment Trust      2,500,000
JPMorgan Institutional Trust                  1,700,000

J.P. Morgan Access Multi-Strategy Fund, L.L.C.  750,000
J.P. Morgan Access Multi-Strategy Fund II       525,000

The Premium for JPMorgan Trust I, JPMorgan Trust II,
JPMorgan Trust III, JPMorgan Trust IV, Undiscovered Managers Funds,
 JPMorgan Insurance Trust, J.P. Morgan Fleming Mutual
 Fund Group, Inc., J.P. Morgan Mutual Fund Investment Trust,
 JPMorgan Institutional Trust, J.P. Morgan Access Multi-Strategy
 Fund, L.L.C. and J.P. Morgan Access Multi-Strategy Fund II is
 paid for the period March 1, 2019 to March 1, 2020.