UNDER
THE INVESTMENT COMPANY ACT OF 1940 |
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Amendment No. 46 |
JPMORGAN INSTITUTIONAL TRUST
JPMorgan Core Bond Trust
Supplement dated January 6, 2021
to the Confidential Offering Memorandum dated June 29, 2020
Portfolio Manager Addition. Effective immediately, Steven Lear will be added to the portfolio management team for the JPMorgan Core Bond Trust (the Fund).
Effective immediately, the portfolio manager information in the Risk/Return Summary Management section of the Confidential Offering Memorandum (COM) is deleted in its entirety and replaced with the following:
Management
J.P. Morgan Investment Management Inc. (the adviser)
Portfolio Manager | Managed the Fund Since |
Primary Title with Investment Adviser | ||
Richard D. Figuly | 2015 | Managing Director | ||
Justin Rucker | 2019 | Executive Director | ||
Steven Lear | 2021 | Managing Director |
In addition, the The Funds Management and Administration The Fund Managers JPMorgan Core Bond Trust section of the COM is deleted in its entirety and replaced by the following:
JPMorgan Core Bond Trust. The portfolio management team for the Fund consists of Richard Figuly, Managing Director, Justin Rucker, Executive Director and CFA charterholder and Steven Lear, Managing Director and CFA charterholder. Richard Figuly is the lead portfolio manager responsible for day-to-day management of the Fund. An employee of JPMIM or predecessor firms since 1993 and a member of the portfolio management team since September 2015, Mr. Figuly is a member of JPMIMs Global Fixed Income, Currency & Commodities Group (GFICC) and head of GFICCs Core Bond team responsible for managing certain J.P. Morgan Funds and institutional taxable bond portfolios. An employee of JPMIM since 2006 and a portfolio manager of the Fund since 2019, Justin Rucker, is a member of the GFICC group responsible for managing Long Duration and Core Bond institutional taxable bond portfolios. An employee of JPMIM since 2008 and a portfolio manager of the Fund since January 2021, Steven Lear is the U.S. Chief Investment Officer within the GFICC team responsible for oversight and management of fixed income investment strategies in the U.S.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE CONFIDENTIAL OFFERING MEMORANDUM
FOR FUTURE REFERENCE
SUP-CBT-PM-121
JPMORGAN INSTITUTIONAL TRUST
JPMorgan Core Bond Trust
Supplement dated January 6, 2021
to the Confidential Offering Memorandum Supplement dated June 29, 2020
Effective immediately, the The Adviser Other Accounts Managed by the Funds Portfolio Managers section of the Confidential Offering Memorandum Supplement (COM Supplement) with respect to the Fund is hereby deleted in its entirety and replaced with the following:
Other Accounts Managed by the Funds Portfolio Managers*
The following table shows information regarding all of the other accounts for which advisory fees are not based on the performance of the accounts that are managed by each portfolio manager as of February 29, 2020:
Non-Performance Based Fee Advisory Accounts | ||||||||||||||||||||||||
Registered
Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | ||||||||||||||||||||||
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
|||||||||||||||||||
Core Bond Trust |
| |||||||||||||||||||||||
Richard Figuly | 21 | $ | 65,688,293 | 11 | $ | 17,423,192 | 16 | $ | 6,224,800 | |||||||||||||||
Justin Rucker | 12 | 46,617,570 | 7 | 13,924,546 | 23 | 8,854,252 | ||||||||||||||||||
Steven Lear** | 5 | 21,115,930 | 4 | 5,315,130 | 12 | 2,255,507 |
The following table shows information regarding the other accounts managed by each portfolio manager that have advisory fees wholly or partly based on performance as of February 29, 2020:
Performance Based Fee Advisory Accounts | ||||||||||||||||||||||||
Registered
Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | ||||||||||||||||||||||
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
Number of Accounts |
Total Assets ($ thousands) |
|||||||||||||||||||
Core Bond Trust |
| |||||||||||||||||||||||
Richard Figuly | 0 | $ | 0 | 0 | $ | 0 | 1 | $ | 1,146,352 | |||||||||||||||
Justin Rucker | 0 | 0 | 0 | 0 | 1 | 1,146,352 | ||||||||||||||||||
Steven Lear** | 0 | 0 | 0 | 0 | 0 | 0 |
* | The total value and number of accounts managed by a portfolio manager may include sub-accounts of asset allocation, multi-managed and other accounts. |
** | As of November 30, 2020. |
SUP-COMSUP-CBT-PM-121
In addition, effective immediately, the The Adviser Ownership of Securities section of the COM Supplement with respect to the Fund is hereby deleted in its entirety and replaced with the following:
Ownership of Securities
The following table indicates for the Fund the dollar range of shares beneficially owned by each portfolio manager, as of February 29, 2020. Aggregate Dollar Range, if applicable, includes each portfolio managers deferred compensation balance attributable to each Fund through participation in the Advisers deferred compensation plan. If applicable, this reflects an obligation of the Adviser to pay deferred compensation to the portfolio manager at a future date in an amount based on the performance of that Fund and accordingly, is the economic equivalent of an investment in Fund shares:
Aggregate Dollar Range of Securities in the Fund |
||||||||||||||||||||||||||
None |
$1- $10,000 |
$10,001- $50,000 |
$50,001- $100,000 |
$100,001- $500,000 |
$500,001- $1,000,000 |
Over $1,000,000 |
||||||||||||||||||||
Core Bond Trust |
| |||||||||||||||||||||||||
Richard Figuly | X | |||||||||||||||||||||||||
Justin Rucker | X | |||||||||||||||||||||||||
Steven Lear* | X |
* | As of November 30, 2020. |
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE CONFIDENTIAL OFFERING MEMORANDUM SUPPLEMENT
FOR FUTURE REFERENCE
Item 23. | Exhibits |
Item 24. | Persons Controlled by or Under Common Control with the Registrant |
Item 25. | Indemnification |
Item 26. | Business and Other Connections of the Investment Adviser |
Item 27. | Principal Underwriter |
Item 28. | Location of Accounts and Records |
Item 29. | Management Services |
Item 30. | Undertakings |
JPMorgan Institutional Trust | |
By: | Brian
S. Shlissel* |
Name: Brian S. Shlissel | |
Title: President and Principal Executive Officer |
(g)(1)(b) | Form of Amended Schedule A to the Amended and Restated Global Custody & Fund Accounting Agreement (amended as of November 17, 2020). |
(h)(1)(b) | Form of Amended Appendix A, dated as of November 17, 2020, to the Amended and Restated Transfer Agency Agreement between the Trust and DST Asset Manager Solutions, Inc., dated September 1, 2014. |
Schedule A
List of Entities Covered by the Global Custody and Fund Accounting Agreement
Amended as of November 17, 2020
JPMorgan Institutional Trust
JPMorgan Intermediate Bond Trust
JPMorgan Core Bond Trust
J.P. Morgan Fleming Mutual Fund Group, Inc
JPMorgan Mid Cap Value Fund
J.P. Morgan Mutual Fund Investment Trust
JPMorgan Growth Advantage Fund
JPMorgan Insurance Trust
JPMorgan Insurance Trust Core Bond Portfolio
JPMorgan Insurance Trust Global Allocation Portfolio
JPMorgan Insurance Trust Income Builder Portfolio
JPMorgan Insurance Trust Mid Cap Value Portfolio
JPMorgan Insurance Trust Small Cap Core Portfolio
JPMorgan Insurance Trust U.S. Equity Portfolio
JPMorgan Trust I
JPMorgan 100% U.S. Treasury Securities Money Market Fund
JPMorgan Access Balanced Fund
JPMorgan Access Growth Fund
JPMorgan California Municipal Money Market Fund
JPMorgan California Tax Free Bond Fund
JPMorgan Commodities Strategy Fund (liquidated August 30, 2018)
JPMorgan Corporate Bond Fund
JPMorgan Diversified Fund
JPMorgan Diversified Real Return Fund (liquidated on December 8, 2017)
JPMorgan Emerging Markets Corporate Debt Fund
JPMorgan Emerging Markets Debt Fund
JPMorgan Emerging Markets Equity Fund
JPMorgan Emerging Markets Strategic Debt Fund
JPMorgan Equity Focus Fund
JPMorgan Trust I (continued)
JPMorgan Equity Low Volatility Income Fund (liquidated on June 4, 2018)
JPMorgan Europe Dynamic Fund
JPMorgan Federal Money Market Fund
JPMorgan Floating Rate Income Fund
JPMorgan Global Allocation Fund
JPMorgan Global Bond Opportunities Fund
JPMorgan Global Research Enhanced Index Fund
JPMorgan U.S. Value Fund
JPMorgan Hedged Equity Fund
JPMorgan High Yield Municipal Fund
JPMorgan Income Builder Fund
JPMorgan Income Fund
JPMorgan Inflation Managed Bond Fund
JPMorgan Intermediate Tax Free Bond Fund
JPMorgan International Advantage Fund
JPMorgan International Equity Fund
JPMorgan International Equity Income Fund (liquidated)
JPMorgan International Opportunities Fund (liquidated on October 2, 2017)
JPMorgan International Focus Fund
JPMorgan International Value Fund
JPMorgan International Value SMA Fund (liquidated on June 8, 2018)
JPMorgan Intrepid Growth Fund1
JPMorgan U.S. Sustainable Leaders Fund
JPMorgan Intrepid Value Fund
JPMorgan Managed Income Fund
JPMorgan Mid Cap Equity Fund
JPMorgan New York Municipal Money Market Fund
JPMorgan New York Tax Free Bond Fund
JPMorgan Opportunistic Equity Long/Short Fund
JPMorgan Prime Money Market Fund
JPMorgan Research Market Neutral Fund
JPMorgan Short Duration Core Plus Fund
JPMorgan Small Cap Blend
JPMorgan Small Cap Core Fund
JPMorgan Small Cap Equity Fund
JPMorgan SmartAllocation Equity Fund (liquidated on November 30, 2017)
JPMorgan SmartAllocation Income Fund (liquidated on November 30, 2017)
JPMorgan SmartRetirement Income Fund
JPMorgan SmartRetirement 2020 Fund
1 | To be renamed JPMorgan U.S. GARP Equity Fund on or about February 1, 2021 |
JPMorgan Trust I (continued)
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 2055 Fund
JPMorgan SmartRetirement 2060 Fund
JPMorgan SmartRetirement Blend Income Fund
JPMorgan SmartRetirement Blend 2020 Fund
JPMorgan SmartRetirement Blend 2025 Fund
JPMorgan SmartRetirement Blend 2030 Fund
JPMorgan SmartRetirement Blend 2035 Fund
JPMorgan SmartRetirement Blend 2040 Fund
JPMorgan SmartRetirement Blend 2045 Fund
JPMorgan SmartRetirement Blend 2050 Fund
JPMorgan SmartRetirement Blend 2055 Fund
JPMorgan SmartRetirement Blend 2060 Fund
JPMorgan Strategic Income Opportunities Fund
JPMorgan Systematic Alpha Fund2
JPMorgan Tax Aware Equity Fund
JPMorgan Tax Aware Real Return Fund
JPMorgan Tax Aware Real Return SMA Fund (liquidated on September 20, 2019)
JPMorgan Tax Free Money Market Fund
JPMorgan Total Return Fund
JPMorgan Unconstrained Debt Fund
JPMorgan U.S. Dynamic Plus Fund (liquidated on March 23, 2018)
JPMorgan U.S. Equity Fund
JPMorgan U.S. Large Cap Core Plus Fund
JPMorgan U.S. Research Enhanced Equity Fund
JPMorgan U.S. Small Company Fund
JPMorgan Value Advantage Fund
Security Capital U.S. Core Real Estate Securities Fund (liquidated on December 8, 2017)
JPMorgan Trust II
JPMorgan Core Bond Fund
JPMorgan Core Plus Bond Fund
JPMorgan Equity Income Fund
JPMorgan Equity Index Fund
JPMorgan Government Bond Fund
JPMorgan High Yield Fund
JPMorgan International Research Enhanced Equity Fund
JPMorgan SMID Cap Equity Fund
JPMorgan Investor Balanced Fund
JPMorgan Investor Conservative Growth Fund
2 | To be liquidated on or about May 21, 2020. |
JPMorgan Trust II (continued)
JPMorgan Investor Growth & Income Fund
JPMorgan Investor Growth Fund
JPMorgan Large Cap Growth Fund
JPMorgan Large Cap Value Fund
JPMorgan Limited Duration Bond Fund
JPMorgan Liquid Assets Money Market Fund
JPMorgan Market Expansion Enhanced Index Fund
JPMorgan Mid Cap Growth Fund
JPMorgan Mortgage-Backed Securities Fund
JPMorgan Multi-Cap Market Neutral Fund (liquidated on March 28, 2018)
JPMorgan Sustainable Municipal Income Fund
JPMorgan Municipal Money Market Fund
JPMorgan Ohio Municipal Bond Fund (liquidated on December 8, 2017)
JPMorgan Short Duration Bond Fund
JPMorgan Short-Intermediate Municipal Bond Fund
JPMorgan Small Cap Growth Fund
JPMorgan Small Cap Value Fund
JPMorgan Tax Free Bond Fund
JPMorgan Treasury & Agency Fund (liquidated on December 8, 2017)
JPMorgan U.S. Government Money Market Fund
JPMorgan U.S. Treasury Plus Money Market Fund
Undiscovered Managers Funds
JPMorgan Realty Income Fund
Undiscovered Managers Behavioral Value Fund
JPMorgan Trust IV
JPMorgan Core Focus SMA Fund
JPMorgan Emerging Markets Research Enhanced Equity Fund
JPMorgan Equity Premium Income Fund
JPMorgan Institutional Tax Free Money Market Fund
JPMorgan International Equity Plus Fund
JPMorgan International Hedged Equity Fund
JPMorgan Macro Opportunities Fund
JPMorgan Municipal SMA Fund
JPMorgan Securities Lending Money Market Fund
JPMorgan SmartSpending 2015 Fund
JPMorgan Ultra-Short Municipal Fund
JPMorgan SmartSpending 2020 Fund
JPMorgan Hedged Equity 2 Fund
JPMorgan Hedged Equity 3 Fund
This Schedule A supersedes and replaces any previously executed Schedule A between the parties.
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JPMorgan Trust I JPMorgan Trust II Undiscovered Managers Funds J.P. Morgan Fleming Mutual Fund Group, Inc. J.P. Morgan Mutual Fund Investment Trust JPMorgan Institutional Trust JPMorgan Insurance Trust JPMorgan Trust IV |
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Date: |
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JPMorgan Chase Bank, N.A. |
By: |
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Name: |
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Title: |
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Date: |
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Appendix A
Transfer Agency Agreement for
JPMorgan Funds
List of Entities Covered by the Transfer Agency Agreement
J.P. Morgan Funds Administered by JPMorgan Funds Management, Inc.
As of November 17, 2020
JPMorgan Institutional Trust Delaware Statutory Trust
JPMorgan Intermediate Bond Trust
JPMorgan Core Bond Trust
J.P. Morgan Fleming Mutual Fund Group, Inc. Maryland Corporation
JPMorgan Mid Cap Value Fund
J.P. Morgan Mutual Fund Investment Trust Massachusetts Business Trust
JPMorgan Growth Advantage Fund
JPMorgan Insurance Trust Massachusetts Business Trust
JPMorgan Insurance Trust Core Bond Portfolio
JPMorgan Insurance Trust Global Allocation Portfolio
JPMorgan Insurance Trust Income Builder Portfolio
JPMorgan Insurance Trust Mid Cap Value Portfolio
JPMorgan Insurance Trust Small Cap Core Portfolio
JPMorgan Insurance Trust U.S. Equity Portfolio
JPMorgan Trust I Delaware Statutory Trust
JPMorgan 100% U.S. Treasury Securities Money Market Fund
JPMorgan Access Balanced Fund
JPMorgan Access Growth Fund
JPMorgan California Municipal Money Market Fund
JPMorgan California Tax Free Bond Fund
JPMorgan Corporate Bond Fund
JPMorgan Diversified Fund
JPMorgan Emerging Markets Debt Fund
JPMorgan Emerging Markets Equity Fund
JPMorgan Emerging Markets Strategic Debt Fund
JPMorgan Equity Focus Fund
JPMorgan Europe Dynamic Fund
JPMorgan Federal Money Market Fund
JPMorgan Floating Rate Income Fund
JPMorgan Global Allocation Fund
JPMorgan Global Bond Opportunities Fund
JPMorgan U.S. Value Fund
JPMorgan Hedged Equity Fund
JPMorgan High Yield Municipal Fund
JPMorgan Income Builder Fund
JPMorgan Income Fund
JPMorgan Inflation Managed Bond Fund
JPMorgan Intermediate Tax Free Bond Fund
JPMorgan International Advantage Fund
1
JPMorgan International Equity Fund
JPMorgan International Focus Fund
JPMorgan International Value Fund
JPMorgan Intrepid Growth Fund1
JPMorgan U.S. Sustainable Leaders Fund
JPMorgan Intrepid Value Fund
JPMorgan Managed Income Fund
JPMorgan Mid Cap Equity Fund
JPMorgan New York Municipal Money Market Fund
JPMorgan New York Tax Free Bond Fund
JPMorgan Opportunistic Equity Long/Short Fund
JPMorgan Prime Money Market Fund
JPMorgan Research Market Neutral Fund
JPMorgan Short Duration Core Plus Fund
JPMorgan Small Cap Blend Fund
JPMorgan Small Cap Core Fund
JPMorgan Small Cap Equity Fund
JPMorgan SmartRetirement Income 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 2055 Fund
JPMorgan SmartRetirement 2060 Fund
JPMorgan SmartRetirement Blend Income Fund
JPMorgan SmartRetirement Blend 2020 Fund
JPMorgan SmartRetirement Blend 2025 Fund
JPMorgan SmartRetirement Blend 2030 Fund
JPMorgan SmartRetirement Blend 2035 Fund
JPMorgan SmartRetirement Blend 2040 Fund
JPMorgan SmartRetirement Blend 2045 Fund
JPMorgan SmartRetirement Blend 2050 Fund
JPMorgan SmartRetirement Blend 2055 Fund
JPMorgan SmartRetirement Blend 2060 Fund
JPMorgan Strategic Income Opportunities Fund
JPMorgan Tax Aware Equity Fund
JPMorgan Tax Aware Real Return Fund
JPMorgan Tax Free Money Market Fund
JPMorgan Total Return Fund
JPMorgan U.S. Equity Fund
JPMorgan U.S. Large Cap Core Plus Fund
JPMorgan U.S. Research Enhanced Equity Fund
JPMorgan U.S. Small Company Fund
JPMorgan Unconstrained Debt Fund
JPMorgan Value Advantage Fund
1 | To be renamed JPMorgan U.S. GARP Equity Fund on or about February 1, 2021 |
2
JPMorgan Trust II Delaware Statutory Trust
JPMorgan Core Bond Fund
JPMorgan Core Plus Bond Fund
JPMorgan Equity Income Fund
JPMorgan Equity Index Fund
JPMorgan Government Bond Fund
JPMorgan High Yield Fund
JPMorgan International Research Enhanced Equity Fund
JPMorgan SMID Cap Equity Fund
JPMorgan Investor Balanced Fund
JPMorgan Investor Conservative Growth Fund
JPMorgan Investor Growth & Income Fund
JPMorgan Investor Growth Fund
JPMorgan Large Cap Growth Fund
JPMorgan Large Cap Value Fund
JPMorgan Limited Duration Bond Fund
JPMorgan Liquid Assets Money Market Fund
JPMorgan Market Expansion Enhanced Index Fund
JPMorgan Mid Cap Growth Fund
JPMorgan Mortgage-Backed Securities Fund
JPMorgan Sustainable Municipal Income Fund
JPMorgan Municipal Money Market Fund
JPMorgan Short Duration Bond Fund
JPMorgan Short-Intermediate Municipal Bond Fund
JPMorgan Small Cap Growth Fund
JPMorgan Small Cap Value Fund
JPMorgan Tax Free Bond Fund
JPMorgan U.S. Government Money Market Fund
JPMorgan U.S. Treasury Plus Money Market Fund
JPMorgan Trust IV Delaware Statutory Trust
JPMorgan Core Focus SMA Fund
JPMorgan Emerging Markets Research Enhanced Equity Fund
JPMorgan Equity Premium Income Fund
JPMorgan Institutional Tax Free Money Market Fund
JPMorgan International Equity Plus Fund
JPMorgan International Hedged Equity Fund
JPMorgan Macro Opportunities Fund
JPMorgan Municipal SMA Fund
JPMorgan Securities Lending Money Market Fund
JPMorgan SmartSpending 2015 Fund
JPMorgan Ultra-Short Municipal Fund
JPMorgan SmartSpending 2020 Fund
JPMorgan Hedged Equity 2 Fund
JPMorgan Hedged Equity 3 Fund
Undiscovered Managers Funds Massachusetts Business Trust
JPMorgan Realty Income Fund
Undiscovered Managers Behavioral Value Fund
3
This Appendix A supersedes and replaces any previously executed Appendix A between the parties.
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JPMorgan Trust I JPMorgan Trust II JPMorgan Trust IV Undiscovered Managers Funds J.P. Morgan Fleming Mutual Fund Group, Inc. J.P. Morgan Mutual Fund Investment Trust JPMorgan Institutional Trust JPMorgan Insurance Trust |
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DST Asset Manager Solutions, Inc. |
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4