0001193125-14-125890.txt : 20140401 0001193125-14-125890.hdr.sgml : 20140401 20140401154806 ACCESSION NUMBER: 0001193125-14-125890 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20140401 DATE AS OF CHANGE: 20140401 EFFECTIVENESS DATE: 20140401 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-103022 FILM NUMBER: 14734136 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 S000002793 JPMorgan Mid Cap Equity Fund C000007650 Select Class VSNGX C000007895 Class A JCMAX C000081076 Class C JMCCX 0001217286 S000030459 JPMorgan Mid Cap Core Fund C000093582 Class A JMRAX C000093583 Class C JMRCX C000093584 Select Class JMRSX C000093585 Class R2 JMRZX C000093586 Class R5 JMRRX C000098064 Class R6 JMRMX 497 1 d694270d497.htm JPMORGAN TRUST I JPMorgan Trust I

JPMORGAN TRUST I

270 PARK AVENUE

NEW YORK, NEW YORK 10017

April 1, 2014

VIA EDGAR

Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

Attention: Filing Desk

 

RE: JPMorgan Trust I (the “Trust”), on behalf of

the JPMorgan Mid Cap Core Fund and

the JPMorgan Mid Cap Equity Fund (the “Funds”)

File Nos. 811-21295 and 333-103022

Ladies and Gentlemen:

On behalf of the Trust, we hereby submit for filing pursuant to Rule 497 under the Securities Act of 1933 and under the Investment Company Act of 1940 (“1940 Act”), exhibits containing interactive data format risk/return summary information for the Fund. These exhibits contain the amended risk/return summary information in the prospectuses for the Fund dated November 1, 2013. The purpose of this filing is to submit the XBRL information from the Rule 497 filing dated March 18, 2014 for the Funds.

Please contact the undersigned at 614-901-1370 if you have any questions concerning this filing.

Very truly yours,

 

/s/ Elizabeth A. Davin

Elizabeth A. Davin
Assistant Secretary

 

cc: Vincent Di Stefano


Exhibit Index

 

Exhibit Number    Description
EX-101.INS XBRL    Instance Document
EX-101.SCH XBRL    Taxonomy Extension Schema Document
EX-101.CAL XBRL    Taxonomy Extension Calculation Linkbase
EX-101.DEF XBRL    Taxonomy Extension Definition Linkbase
EX-101.LAB XBRL    Taxonomy Extension Labels Linkbase
EX-101.PRE XBRL    Taxonomy Extension Presentation Linkbase
EX-101.INS 2 jpmt-20140318.xml XBRL INSTANCE DOCUMENT 0001217286 2012-11-02 2013-11-01 0001217286 jpmt:S000030459Member jpmt:CSelectSharesMember 2012-11-02 2013-11-01 0001217286 jpmt:S000002793Member jpmt:CSelectSharesMember 2012-11-02 2013-11-01 0001217286 jpmt:S000030459Member jpmt:RTwoRFiveRSixSharesMember 2012-11-02 2013-11-01 2013-11-01 Other 2013-06-30 JPMorgan Trust I 0001217286 false 2014-03-18 2014-03-18 <p style="margin-top:0px;margin-bottom:0px" align="center"><b>J.P. MORGAN U.S. EQUITY FUNDS </b></p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>JPMorgan Mid Cap Core Fund </b></p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>JPMorgan Mid Cap Equity Fund </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center">(Class A, Class C and Select Class Shares) </p> <p style="margin-top:0px;margin-bottom:0px" align="center">(each a series of JPMorgan Trust I) </p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;18, 2014 </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Prospectuses dated November&nbsp;1, 2013, as supplemented </b></p> <p style="margin-top:12px;margin-bottom:0px">At a meeting held November&nbsp;19-21, 2013, the Board of Trustees of JPMorgan Trust I approved the limited offering of the JPMorgan Mid Cap Core Fund (the &#8220;Mid Cap Core Fund&#8221;) and the JPMorgan Mid Cap Equity Fund (the &#8220;Mid Cap Equity Fund&#8221;), as well as the merger of the Mid Cap Core Fund into the Mid Cap Equity Fund. The merger closed on March&nbsp;14, 2014. As a result, all references to the Mid Cap Core Fund are deleted from this prospectus. In addition, certain Mid Cap Equity Fund disclosure in the Fees and Expenses of the Fund, Example and Limited Offering sections of the prospectus have been updated as a result of the merger. </p> <p style="margin-top:12px;margin-bottom:0px"><b>Fees and Expenses of the Mid Cap Equity Fund </b></p> <p style="margin-top:4px;margin-bottom:0px">As a result of the merger, the Annual Fund Operating Expenses table on page 25 of the prospectus is deleted in its entirety and replaced by the following: </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse" align="center"> <tr> <td width="66%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td></tr> <tr > <td valign="bottom" colspan="12" style="border-left:1px solid #3f3f3f; border-top:1px solid #3f3f3f; padding-left:8px"> <div style="margin-top:0px;margin-bottom:0px"><b>ANNUAL FUND OPERATING EXPENSES</b></div> <div style="margin-top:0px;margin-bottom:1px"><b>(Expenses that you pay each year as a percentage of the value of your investment)</b></div></td> <td valign="bottom" style="border-top:1px solid #3f3f3f; border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="bottom" style="border-left:1px solid #3f3f3f; padding-left:8px">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class&nbsp;A</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class&nbsp;C</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Select&nbsp;Class</b></td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Management Fees</b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.65</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.65</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.65</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">%&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Distribution (Rule 12b-1) Fees</b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.75</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">NONE</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Other Expenses</b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.59</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.60</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.58</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"> <div style="margin-left:1.00em"><b>Shareholder Service Fee</b></div></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"> <div style="margin-left:1.00em"><b>Remainder of Other Expenses</b></div></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.34</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.35</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.33</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Acquired Fund Fees and Expenses</b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.01</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.01</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.01</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr style=""> <td valign="bottom" style="border-left:1px solid #3f3f3f; padding-left:8px">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Total Annual Fund Operating Expenses</b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.50</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">2.01</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.24</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Fee Waivers and Expense Reimbursements<sup>1</sup></b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.24</td> <td valign="bottom">)&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.25</td> <td valign="bottom">)&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.33</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">)&nbsp;</td></tr> <tr style=""> <td valign="bottom" style="border-left:1px solid #3f3f3f; padding-left:8px">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-left:8px"><b>Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements<sup>1</sup></b></td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">1.26</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">1.76</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">0.91</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> </table> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="border-collapse:collapse" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%" valign="top" align="left">1</td> <td align="left" valign="top">The Fund&#8217;s adviser, administrator and distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses of Class&nbsp;A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to shore sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees&#8217; deferred compensation plan) exceeds 1.25%, 1.75% and 0.90%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/16 at which time the Service Providers will determine whether or not to renew or revise it. </td></tr></table> <p style="margin-top:12px;margin-bottom:0px"><b>Example </b></p> <p style="margin-top:4px;margin-bottom:0px">As a result of the merger, the information in the Mid Cap Equity Fund&#8217;s Example section on page 25 and 26 of the prospectus is deleted in its entirety and replaced by the following: </p> <p style="margin-top:6px;margin-bottom:0px; margin-left:4%">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual Funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment as a 5% return each year and that the Fund&#8217;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the table through 10/31/16 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </p> <p style="page-break-before:always"> </p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse" align="center"> <tr> <td width="74%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr > <td valign="bottom" colspan="16" style="border-left:1px solid #3f3f3f; border-top:1px solid #3f3f3f; padding-left:8px"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></td> <td valign="bottom" style="border-top:1px solid #3f3f3f; border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="bottom" style="border-left:1px solid #3f3f3f; padding-left:8px">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>1&nbsp;Year</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>3&nbsp;Years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>5&nbsp;Years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>10&nbsp;Years</b></td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>CLASS A SHARES ($)</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">647</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">928</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1,256</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">2,182</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>CLASS C SHARES ($)</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">279</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">581</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1,036</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">2,296</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-left:8px"><b>SELECT CLASS SHARES ($)</b></td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">93</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">326</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">616</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">1,440</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> </table> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse" align="center"> <tr> <td width="74%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr > <td valign="bottom" colspan="16" style="border-left:1px solid #3f3f3f; border-top:1px solid #3f3f3f; padding-left:8px"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST WOULD BE:</b></td> <td valign="bottom" style="border-top:1px solid #3f3f3f; border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="bottom" style="border-left:1px solid #3f3f3f; padding-left:8px">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>1&nbsp;Year</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>3&nbsp;Years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>5&nbsp;Years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>10&nbsp;Years</b></td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>CLASS A SHARES ($)</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">647</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">928</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1,256</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">2,182</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>CLASS C SHARES ($)</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">179</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">581</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1,036</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">2,296</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-left:8px"><b>SELECT CLASS SHARES ($)</b></td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">93</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">326</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">616</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">1,440</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> </table><p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>INVESTORS SHOULD RETAIN THIS SUPPLEMENT </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>WITH THE PROSPECTUS FOR FUTURE REFERENCE </b></p> <p style="page-break-before:always"> </p><br/> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>J.P. MORGAN U.S. EQUITY FUNDS </b></p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>JPMorgan Mid Cap Core Fund </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center">(Class R2, Class R5 and Class R6 Shares) </p> <p style="margin-top:0px;margin-bottom:0px" align="center">(a series of JPMorgan Trust I) </p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;17, 2014 </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Prospectus dated November&nbsp;1, 2013, as supplemented </b></p> <p style="margin-top:12px;margin-bottom:0px">At a meeting held November&nbsp;19&#8212;21, 2013, the Board of Trustees of JPMorgan Trust I approved the merger of the JPMorgan Mid Cap Core Fund into the JPMorgan Mid Cap Equity Fund. The merger closed on March&nbsp;14, 2014. As a result, all references to the JPMorgan Mid Cap Core Fund are deleted from this prospectus. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>INVESTORS SHOULD RETAIN THIS SUPPLEMENT </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>WITH THE PROSPECTUS FOR FUTURE REFERENCE </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>J.P. MORGAN U.S. EQUITY FUNDS </b></p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>JPMorgan Mid Cap Core Fund </b></p><p style="margin-top:0px;margin-bottom:0px" align="center">(Class A, Class C and Select Class Shares) </p> <p style="margin-top:0px;margin-bottom:0px" align="center">(each a series of JPMorgan Trust I) </p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;18, 2014 </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Prospectuses dated November&nbsp;1, 2013, as supplemented </b></p> <p style="margin-top:12px;margin-bottom:0px">At a meeting held November&nbsp;19-21, 2013, the Board of Trustees of JPMorgan Trust I approved the limited offering of the JPMorgan Mid Cap Core Fund (the &#8220;Mid Cap Core Fund&#8221;) and the JPMorgan Mid Cap Equity Fund (the &#8220;Mid Cap Equity Fund&#8221;), as well as the merger of the Mid Cap Core Fund into the Mid Cap Equity Fund. The merger closed on March&nbsp;14, 2014. As a result, all references to the Mid Cap Core Fund are deleted from this prospectus. In addition, certain Mid Cap Equity Fund disclosure in the Fees and Expenses of the Fund, Example and Limited Offering sections of the prospectus have been updated as a result of the merger. </p><p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>INVESTORS SHOULD RETAIN THIS SUPPLEMENT </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>WITH THE PROSPECTUS FOR FUTURE REFERENCE </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>J.P. MORGAN U.S. EQUITY FUNDS </b></p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>JPMorgan Mid Cap Equity Fund </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center">(Class A, Class C and Select Class Shares) </p> <p style="margin-top:0px;margin-bottom:0px" align="center">(each a series of JPMorgan Trust I) </p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;18, 2014 </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Prospectuses dated November&nbsp;1, 2013, as supplemented </b></p> <p style="margin-top:12px;margin-bottom:0px">At a meeting held November&nbsp;19-21, 2013, the Board of Trustees of JPMorgan Trust I approved the limited offering of the JPMorgan Mid Cap Core Fund (the &#8220;Mid Cap Core Fund&#8221;) and the JPMorgan Mid Cap Equity Fund (the &#8220;Mid Cap Equity Fund&#8221;), as well as the merger of the Mid Cap Core Fund into the Mid Cap Equity Fund. The merger closed on March&nbsp;14, 2014. As a result, all references to the Mid Cap Core Fund are deleted from this prospectus. In addition, certain Mid Cap Equity Fund disclosure in the Fees and Expenses of the Fund, Example and Limited Offering sections of the prospectus have been updated as a result of the merger. </p> <p style="margin-top:12px;margin-bottom:0px"><b>Fees and Expenses of the Mid Cap Equity Fund </b></p> <p style="margin-top:4px;margin-bottom:0px">As a result of the merger, the Annual Fund Operating Expenses table on page 25 of the prospectus is deleted in its entirety and replaced by the following: </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse" align="center"> <tr> <td width="66%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td></tr> <tr > <td valign="bottom" colspan="12" style="border-left:1px solid #3f3f3f; border-top:1px solid #3f3f3f; padding-left:8px"> <div style="margin-top:0px;margin-bottom:0px"><b>ANNUAL FUND OPERATING EXPENSES</b></div> <div style="margin-top:0px;margin-bottom:1px"><b>(Expenses that you pay each year as a percentage of the value of your investment)</b></div></td> <td valign="bottom" style="border-top:1px solid #3f3f3f; border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="bottom" style="border-left:1px solid #3f3f3f; padding-left:8px">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class&nbsp;A</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class&nbsp;C</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Select&nbsp;Class</b></td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Management Fees</b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.65</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.65</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.65</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">%&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Distribution (Rule 12b-1) Fees</b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.75</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">NONE</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Other Expenses</b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.59</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.60</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.58</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"> <div style="margin-left:1.00em"><b>Shareholder Service Fee</b></div></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"> <div style="margin-left:1.00em"><b>Remainder of Other Expenses</b></div></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.34</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.35</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.33</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Acquired Fund Fees and Expenses</b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.01</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.01</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.01</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr style=""> <td valign="bottom" style="border-left:1px solid #3f3f3f; padding-left:8px">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Total Annual Fund Operating Expenses</b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.50</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">2.01</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.24</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>Fee Waivers and Expense Reimbursements<sup>1</sup></b></td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.24</td> <td valign="bottom">)&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.25</td> <td valign="bottom">)&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">(0.33</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">)&nbsp;</td></tr> <tr style=""> <td valign="bottom" style="border-left:1px solid #3f3f3f; padding-left:8px">&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td>&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom"> <div style="border-top:1px solid #000000">&nbsp;</div></td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-left:8px"><b>Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements<sup>1</sup></b></td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">1.26</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">1.76</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">0.91</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> </table> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <table style="border-collapse:collapse" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%" valign="top" align="left">1</td> <td align="left" valign="top">The Fund&#8217;s adviser, administrator and distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses of Class&nbsp;A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to shore sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees&#8217; deferred compensation plan) exceeds 1.25%, 1.75% and 0.90%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/16 at which time the Service Providers will determine whether or not to renew or revise it. </td></tr></table> <p style="margin-top:12px;margin-bottom:0px"><b>Example </b></p> <p style="margin-top:4px;margin-bottom:0px">As a result of the merger, the information in the Mid Cap Equity Fund&#8217;s Example section on page 25 and 26 of the prospectus is deleted in its entirety and replaced by the following: </p> <p style="margin-top:6px;margin-bottom:0px; margin-left:4%">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual Funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment as a 5% return each year and that the Fund&#8217;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the table through 10/31/16 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </p> <p style="page-break-before:always"> </p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse" align="center"> <tr> <td width="74%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr > <td valign="bottom" colspan="16" style="border-left:1px solid #3f3f3f; border-top:1px solid #3f3f3f; padding-left:8px"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></td> <td valign="bottom" style="border-top:1px solid #3f3f3f; border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="bottom" style="border-left:1px solid #3f3f3f; padding-left:8px">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>1&nbsp;Year</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>3&nbsp;Years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>5&nbsp;Years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>10&nbsp;Years</b></td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>CLASS A SHARES ($)</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">647</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">928</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1,256</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">2,182</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>CLASS C SHARES ($)</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">279</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">581</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1,036</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">2,296</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-left:8px"><b>SELECT CLASS SHARES ($)</b></td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">93</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">326</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">616</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">1,440</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> </table> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse" align="center"> <tr> <td width="74%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr > <td valign="bottom" colspan="16" style="border-left:1px solid #3f3f3f; border-top:1px solid #3f3f3f; padding-left:8px"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST WOULD BE:</b></td> <td valign="bottom" style="border-top:1px solid #3f3f3f; border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="bottom" style="border-left:1px solid #3f3f3f; padding-left:8px">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>1&nbsp;Year</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>3&nbsp;Years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>5&nbsp;Years</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>10&nbsp;Years</b></td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>CLASS A SHARES ($)</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">647</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">928</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1,256</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">2,182</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; padding-left:8px"><b>CLASS C SHARES ($)</b></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">179</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">581</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1,036</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">2,296</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> <tr> <td valign="top" style="border-left:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-left:8px"><b>SELECT CLASS SHARES ($)</b></td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">93</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">326</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">616</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #3f3f3f" align="right">1,440</td> <td valign="bottom" style="border-right:1px solid #3f3f3f; border-bottom:1px solid #3f3f3f; padding-right:8px">&nbsp;&nbsp;</td></tr> </table><p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>INVESTORS SHOULD RETAIN THIS SUPPLEMENT </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>WITH THE PROSPECTUS FOR FUTURE REFERENCE </b></p> <p style="page-break-before:always"> </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>J.P. MORGAN U.S. EQUITY FUNDS </b></p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>JPMorgan Mid Cap Core Fund </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center">(Class R2, Class R5 and Class R6 Shares) </p> <p style="margin-top:0px;margin-bottom:0px" align="center">(a series of JPMorgan Trust I) </p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;17, 2014 </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Prospectus dated November&nbsp;1, 2013, as supplemented </b></p> <p style="margin-top:12px;margin-bottom:0px">At a meeting held November&nbsp;19&#8212;21, 2013, the Board of Trustees of JPMorgan Trust I approved the merger of the JPMorgan Mid Cap Core Fund into the JPMorgan Mid Cap Equity Fund. The merger closed on March&nbsp;14, 2014. As a result, all references to the JPMorgan Mid Cap Core Fund are deleted from this prospectus. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>INVESTORS SHOULD RETAIN THIS SUPPLEMENT </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>WITH THE PROSPECTUS FOR FUTURE REFERENCE </b></p> EX-101.SCH 3 jpmt-20140318.xsd XBRL TAXONOMY EXTENSION SCHEMA 000000 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink 000010 - Document - Risk/Return Supplement {Unlabeled} - JPMorgan Trust I link:presentationLink link:calculationLink link:definitionLink 000011 - Document - Risk/Return Summary {Unlabeled} - JPMorgan Mid Cap Core Fund link:presentationLink link:calculationLink link:definitionLink 000012 - Schedule - Shareholder Fees {- JPMorgan Mid Cap Core Fund} link:presentationLink link:calculationLink link:definitionLink 000013 - Schedule - Annual Fund Operating Expenses {- JPMorgan Mid Cap Core Fund} link:calculationLink link:presentationLink link:definitionLink 000014 - 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J.P. MORGAN U.S. EQUITY FUNDS

JPMorgan Mid Cap Core Fund

JPMorgan Mid Cap Equity Fund

(Class A, Class C and Select Class Shares)

(each a series of JPMorgan Trust I)

Supplement dated March 18, 2014

to the Prospectuses dated November 1, 2013, as supplemented

At a meeting held November 19-21, 2013, the Board of Trustees of JPMorgan Trust I approved the limited offering of the JPMorgan Mid Cap Core Fund (the “Mid Cap Core Fund”) and the JPMorgan Mid Cap Equity Fund (the “Mid Cap Equity Fund”), as well as the merger of the Mid Cap Core Fund into the Mid Cap Equity Fund. The merger closed on March 14, 2014. As a result, all references to the Mid Cap Core Fund are deleted from this prospectus. In addition, certain Mid Cap Equity Fund disclosure in the Fees and Expenses of the Fund, Example and Limited Offering sections of the prospectus have been updated as a result of the merger.

Fees and Expenses of the Mid Cap Equity Fund

As a result of the merger, the Annual Fund Operating Expenses table on page 25 of the prospectus is deleted in its entirety and replaced by the following:

 

ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value of your investment)
 
        Class A      Class C      Select Class  
Management Fees        0.65      0.65      0.65
Distribution (Rule 12b-1) Fees        0.25         0.75         NONE   
Other Expenses        0.59         0.60         0.58   
Shareholder Service Fee
       0.25         0.25         0.25   
Remainder of Other Expenses
       0.34         0.35         0.33   
Acquired Fund Fees and Expenses        0.01         0.01         0.01   
      
 
 
    
 
 
    
 
 
 
Total Annual Fund Operating Expenses        1.50         2.01         1.24   
Fee Waivers and Expense Reimbursements1        (0.24      (0.25      (0.33
      
 
 
    
 
 
    
 
 
 
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements1        1.26         1.76         0.91   

 

1 The Fund’s adviser, administrator and distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to shore sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees’ deferred compensation plan) exceeds 1.25%, 1.75% and 0.90%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/16 at which time the Service Providers will determine whether or not to renew or revise it.

Example

As a result of the merger, the information in the Mid Cap Equity Fund’s Example section on page 25 and 26 of the prospectus is deleted in its entirety and replaced by the following:

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual Funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment as a 5% return each year and that the Fund’s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the table through 10/31/16 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.

IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:  
     1 Year     3 Years     5 Years     10 Years  
CLASS A SHARES ($)     647        928        1,256        2,182   
CLASS C SHARES ($)     279        581        1,036        2,296   
SELECT CLASS SHARES ($)     93        326        616        1,440   

 

IF YOU DO NOT SELL YOUR SHARES, YOUR COST WOULD BE:  
     1 Year     3 Years     5 Years     10 Years  
CLASS A SHARES ($)     647        928        1,256        2,182   
CLASS C SHARES ($)     179        581        1,036        2,296   
SELECT CLASS SHARES ($)     93        326        616        1,440   

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT

WITH THE PROSPECTUS FOR FUTURE REFERENCE


J.P. MORGAN U.S. EQUITY FUNDS

JPMorgan Mid Cap Core Fund

(Class R2, Class R5 and Class R6 Shares)

(a series of JPMorgan Trust I)

Supplement dated March 17, 2014

to the Prospectus dated November 1, 2013, as supplemented

At a meeting held November 19—21, 2013, the Board of Trustees of JPMorgan Trust I approved the merger of the JPMorgan Mid Cap Core Fund into the JPMorgan Mid Cap Equity Fund. The merger closed on March 14, 2014. As a result, all references to the JPMorgan Mid Cap Core Fund are deleted from this prospectus.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT

WITH THE PROSPECTUS FOR FUTURE REFERENCE

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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2013
Supplement [Text Block] jpmt_SupplementTextBlock

J.P. MORGAN U.S. EQUITY FUNDS

JPMorgan Mid Cap Core Fund

JPMorgan Mid Cap Equity Fund

(Class A, Class C and Select Class Shares)

(each a series of JPMorgan Trust I)

Supplement dated March 18, 2014

to the Prospectuses dated November 1, 2013, as supplemented

At a meeting held November 19-21, 2013, the Board of Trustees of JPMorgan Trust I approved the limited offering of the JPMorgan Mid Cap Core Fund (the “Mid Cap Core Fund”) and the JPMorgan Mid Cap Equity Fund (the “Mid Cap Equity Fund”), as well as the merger of the Mid Cap Core Fund into the Mid Cap Equity Fund. The merger closed on March 14, 2014. As a result, all references to the Mid Cap Core Fund are deleted from this prospectus. In addition, certain Mid Cap Equity Fund disclosure in the Fees and Expenses of the Fund, Example and Limited Offering sections of the prospectus have been updated as a result of the merger.

Fees and Expenses of the Mid Cap Equity Fund

As a result of the merger, the Annual Fund Operating Expenses table on page 25 of the prospectus is deleted in its entirety and replaced by the following:

 

ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value of your investment)
 
        Class A      Class C      Select Class  
Management Fees        0.65      0.65      0.65
Distribution (Rule 12b-1) Fees        0.25         0.75         NONE   
Other Expenses        0.59         0.60         0.58   
Shareholder Service Fee
       0.25         0.25         0.25   
Remainder of Other Expenses
       0.34         0.35         0.33   
Acquired Fund Fees and Expenses        0.01         0.01         0.01   
      
 
 
    
 
 
    
 
 
 
Total Annual Fund Operating Expenses        1.50         2.01         1.24   
Fee Waivers and Expense Reimbursements1        (0.24      (0.25      (0.33
      
 
 
    
 
 
    
 
 
 
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements1        1.26         1.76         0.91   

 

1 The Fund’s adviser, administrator and distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to shore sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees’ deferred compensation plan) exceeds 1.25%, 1.75% and 0.90%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/16 at which time the Service Providers will determine whether or not to renew or revise it.

Example

As a result of the merger, the information in the Mid Cap Equity Fund’s Example section on page 25 and 26 of the prospectus is deleted in its entirety and replaced by the following:

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual Funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment as a 5% return each year and that the Fund’s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the table through 10/31/16 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.

IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:  
     1 Year     3 Years     5 Years     10 Years  
CLASS A SHARES ($)     647        928        1,256        2,182   
CLASS C SHARES ($)     279        581        1,036        2,296   
SELECT CLASS SHARES ($)     93        326        616        1,440   

 

IF YOU DO NOT SELL YOUR SHARES, YOUR COST WOULD BE:  
     1 Year     3 Years     5 Years     10 Years  
CLASS A SHARES ($)     647        928        1,256        2,182   
CLASS C SHARES ($)     179        581        1,036        2,296   
SELECT CLASS SHARES ($)     93        326        616        1,440   

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT

WITH THE PROSPECTUS FOR FUTURE REFERENCE


J.P. MORGAN U.S. EQUITY FUNDS

JPMorgan Mid Cap Core Fund

(Class R2, Class R5 and Class R6 Shares)

(a series of JPMorgan Trust I)

Supplement dated March 17, 2014

to the Prospectus dated November 1, 2013, as supplemented

At a meeting held November 19—21, 2013, the Board of Trustees of JPMorgan Trust I approved the merger of the JPMorgan Mid Cap Core Fund into the JPMorgan Mid Cap Equity Fund. The merger closed on March 14, 2014. As a result, all references to the JPMorgan Mid Cap Core Fund are deleted from this prospectus.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT

WITH THE PROSPECTUS FOR FUTURE REFERENCE

A, C, Select Shares | JPMorgan Mid Cap Core Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] jpmt_SupplementTextBlock

J.P. MORGAN U.S. EQUITY FUNDS

JPMorgan Mid Cap Core Fund

(Class A, Class C and Select Class Shares)

(each a series of JPMorgan Trust I)

Supplement dated March 18, 2014

to the Prospectuses dated November 1, 2013, as supplemented

At a meeting held November 19-21, 2013, the Board of Trustees of JPMorgan Trust I approved the limited offering of the JPMorgan Mid Cap Core Fund (the “Mid Cap Core Fund”) and the JPMorgan Mid Cap Equity Fund (the “Mid Cap Equity Fund”), as well as the merger of the Mid Cap Core Fund into the Mid Cap Equity Fund. The merger closed on March 14, 2014. As a result, all references to the Mid Cap Core Fund are deleted from this prospectus. In addition, certain Mid Cap Equity Fund disclosure in the Fees and Expenses of the Fund, Example and Limited Offering sections of the prospectus have been updated as a result of the merger.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT

WITH THE PROSPECTUS FOR FUTURE REFERENCE

A, C, Select Shares | JPMorgan Mid Cap Equity Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] jpmt_SupplementTextBlock

J.P. MORGAN U.S. EQUITY FUNDS

JPMorgan Mid Cap Equity Fund

(Class A, Class C and Select Class Shares)

(each a series of JPMorgan Trust I)

Supplement dated March 18, 2014

to the Prospectuses dated November 1, 2013, as supplemented

At a meeting held November 19-21, 2013, the Board of Trustees of JPMorgan Trust I approved the limited offering of the JPMorgan Mid Cap Core Fund (the “Mid Cap Core Fund”) and the JPMorgan Mid Cap Equity Fund (the “Mid Cap Equity Fund”), as well as the merger of the Mid Cap Core Fund into the Mid Cap Equity Fund. The merger closed on March 14, 2014. As a result, all references to the Mid Cap Core Fund are deleted from this prospectus. In addition, certain Mid Cap Equity Fund disclosure in the Fees and Expenses of the Fund, Example and Limited Offering sections of the prospectus have been updated as a result of the merger.

Fees and Expenses of the Mid Cap Equity Fund

As a result of the merger, the Annual Fund Operating Expenses table on page 25 of the prospectus is deleted in its entirety and replaced by the following:

 

ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value of your investment)
 
        Class A      Class C      Select Class  
Management Fees        0.65      0.65      0.65
Distribution (Rule 12b-1) Fees        0.25         0.75         NONE   
Other Expenses        0.59         0.60         0.58   
Shareholder Service Fee
       0.25         0.25         0.25   
Remainder of Other Expenses
       0.34         0.35         0.33   
Acquired Fund Fees and Expenses        0.01         0.01         0.01   
      
 
 
    
 
 
    
 
 
 
Total Annual Fund Operating Expenses        1.50         2.01         1.24   
Fee Waivers and Expense Reimbursements1        (0.24      (0.25      (0.33
      
 
 
    
 
 
    
 
 
 
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements1        1.26         1.76         0.91   

 

1 The Fund’s adviser, administrator and distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to shore sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees’ deferred compensation plan) exceeds 1.25%, 1.75% and 0.90%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/16 at which time the Service Providers will determine whether or not to renew or revise it.

Example

As a result of the merger, the information in the Mid Cap Equity Fund’s Example section on page 25 and 26 of the prospectus is deleted in its entirety and replaced by the following:

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual Funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment as a 5% return each year and that the Fund’s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the table through 10/31/16 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.

IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:  
     1 Year     3 Years     5 Years     10 Years  
CLASS A SHARES ($)     647        928        1,256        2,182   
CLASS C SHARES ($)     279        581        1,036        2,296   
SELECT CLASS SHARES ($)     93        326        616        1,440   

 

IF YOU DO NOT SELL YOUR SHARES, YOUR COST WOULD BE:  
     1 Year     3 Years     5 Years     10 Years  
CLASS A SHARES ($)     647        928        1,256        2,182   
CLASS C SHARES ($)     179        581        1,036        2,296   
SELECT CLASS SHARES ($)     93        326        616        1,440   

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT

WITH THE PROSPECTUS FOR FUTURE REFERENCE

R2, R5, R6 Shares | JPMorgan Mid Cap Core Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] jpmt_SupplementTextBlock

J.P. MORGAN U.S. EQUITY FUNDS

JPMorgan Mid Cap Core Fund

(Class R2, Class R5 and Class R6 Shares)

(a series of JPMorgan Trust I)

Supplement dated March 17, 2014

to the Prospectus dated November 1, 2013, as supplemented

At a meeting held November 19—21, 2013, the Board of Trustees of JPMorgan Trust I approved the merger of the JPMorgan Mid Cap Core Fund into the JPMorgan Mid Cap Equity Fund. The merger closed on March 14, 2014. As a result, all references to the JPMorgan Mid Cap Core Fund are deleted from this prospectus.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT

WITH THE PROSPECTUS FOR FUTURE REFERENCE

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