0001193125-14-057350.txt : 20140218 0001193125-14-057350.hdr.sgml : 20140217 20140218172259 ACCESSION NUMBER: 0001193125-14-057350 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140218 DATE AS OF CHANGE: 20140218 EFFECTIVENESS DATE: 20140218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPMorgan Trust I CENTRAL INDEX KEY: 0001217286 IRS NUMBER: 331043149 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 333-103022 FILM NUMBER: 14623051 BUSINESS ADDRESS: STREET 1: C/O JPMORGAN DISTRIBUTION SERVICES, INC. STREET 2: 270 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 800-480-4111 MAIL ADDRESS: STREET 1: C/O JPMORGAN DISTRIBUTION SERVICES, INC. STREET 2: 270 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: JP MORGAN MUTUAL FUND SERIES DATE OF NAME CHANGE: 20030204 0001217286 S000002849 JPMorgan U.S. Large Cap Core Plus Fund C000007809 Select Class JLPSX C000007811 Class A JLCAX C000007812 Class C JLPCX 497K 1 d678944d497k.htm JPMORGAN TRUST I JPMorgan Trust I

J.P. MORGAN U.S. EQUITY FUNDS

JPMorgan U.S. Large Cap Core Plus Fund

(All Share Classes)

(a series of JPMorgan Trust I)

Supplement dated February 18, 2014

to the Prospectuses and Summary Prospectuses dated November 1, 2013, as supplemented

Temporary Opening of JPMorgan U.S. Large Cap Core Plus Fund to New Purchases

Between March 3, 2014 and April 17, 2014, the JPMorgan U.S. Large Cap Core Plus Fund (the “Fund”) will no longer be publicly offered on a limited basis.

Effective March 3, 2014, with respect to the cover of each Prospectus, the asterisk following the name “JPMorgan U.S. Large Cap Core Plus Fund” and the footnote to which it refers are both deleted in their entirety.

In “Purchasing Fund Shares” of each Prospectus, the section “What does it mean that the U.S. Large Cap Core Plus Fund is publicly offered on a limited basis? is deleted in its entirety effective March 3, 2014.

Effective as of the close of business on April 17, 2014, the Fund will be publicly offered on a limited basis. Investors will not be eligible to purchase shares of the Fund, except as described below:

 

  Ÿ  

Shareholders of record of the Fund as of April 17, 2014 are able to: (1) purchase additional shares in their existing Fund accounts either through J.P. Morgan Funds Services or a Financial Intermediary, (2) add to their existing Fund accounts through exchanges from other J.P. Morgan Funds, and (3) reinvest dividends or capital gains distributions from shares owned in the Fund;

 

  Ÿ  

Group employer retirement plans including 401(k), 403(b) and 457 plans may purchase shares of the Fund;

 

  Ÿ  

Fee-based advisory programs may continue to utilize the Fund for new and existing program accounts. After April 17, 2014, new fee-based advisory programs may utilize the Fund for program accounts only with approval by the Fund and its Distributor;

 

  Ÿ  

Section 529 college savings plans may utilize the Fund for new and existing accounts. In order to be eligible, the plan must hold their shares through plan level or omnibus accounts held on the books of the Fund; and

 

  Ÿ  

Current and future J.P. Morgan Funds which are permitted to invest in other J.P. Morgan Funds may purchase shares of the Fund.

If all shares of the Fund in an existing shareholder’s account are voluntarily redeemed or involuntarily redeemed (due to instances when a shareholder does not meet aggregate account balance minimums or when participants in Systematic Investment Plans do not meet minimum investment requirements), then the shareholder’s account will be closed. Such former Fund shareholders will not be able to buy additional Fund shares or reopen their accounts in the Fund. The foregoing restrictions, however, do not apply to participants in eligible employer retirement plans.

If the Fund receives a purchase order directly from an investor who is not eligible to purchase shares of the Fund, after the limited offering dates outlined above, J.P. Morgan Funds Services will attempt to contact the investor to determine whether he or she would like to purchase shares of another J.P. Morgan Fund or would prefer that the investment be refunded. If J.P. Morgan Funds Services cannot contact the investor within 30 days, the entire investment will be refunded.

The Fund reserves the right to change these policies at any time.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT

WITH THE PROSPECTUS FOR FUTURE REFERENCE

 

SUP-USLCCP-214