0001193125-12-473944.txt : 20121116 0001193125-12-473944.hdr.sgml : 20121116 20121116144643 ACCESSION NUMBER: 0001193125-12-473944 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121116 DATE AS OF CHANGE: 20121116 EFFECTIVENESS DATE: 20121116 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: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-103022 FILM NUMBER: 121211356 BUSINESS ADDRESS: STREET 1: C/O JPMORGAN DISTRIBUTION SERVICES, INC. STREET 2: 270PARK 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: 270PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: JP MORGAN MUTUAL FUND SERIES DATE OF NAME CHANGE: 20030204 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: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-21295 FILM NUMBER: 121211357 BUSINESS ADDRESS: STREET 1: C/O JPMORGAN DISTRIBUTION SERVICES, INC. STREET 2: 270PARK 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: 270PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: JP MORGAN MUTUAL FUND SERIES DATE OF NAME CHANGE: 20030204 0001217286 S000001447 JPMorgan U.S. Equity Fund C000003854 Class A JUEAX C000006324 Class B JUEBX C000007404 Select Class JUESX C000007566 Class C JUECX 0001217286 S000002765 JPMorgan Disciplined Equity Fund C000007571 Select Class JDESX C000007573 Class A JDEAX 0001217286 S000002766 JPMorgan Diversified Fund C000007574 Select Class JDVSX C000007576 Class A JDVAX C000007577 Class B JDVBX C000007578 Class C JDVCX 0001217286 S000002767 JPMorgan Dynamic Small Cap Growth Fund C000007579 Select Class JDSCX C000007580 Class A VSCOX C000007581 Class B VSCBX C000007582 Class C VSCCX 0001217286 S000002768 JPMorgan Growth and Income Fund C000007583 Select Class VGIIX C000007584 Class A VGRIX C000007585 Class B VINBX C000007586 Class C VGICX 0001217286 S000002789 JPMorgan Intrepid America Fund C000007638 Select Class JPIAX C000007639 Class A JIAAX C000007640 Class C JIACX 0001217286 S000002790 JPMorgan Intrepid Growth Fund C000007641 Select Class JPGSX C000007642 Class A JIGAX C000007643 Class C JCICX 0001217286 S000002791 JPMorgan Intrepid Multi Cap Fund C000007644 Select Class JIISX C000007645 Class A JICAX C000007646 Class C JICCX 0001217286 S000002792 JPMorgan Intrepid Value Fund C000007647 Select Class JPIVX C000007648 Class A JIVAX C000007649 Class C JIVCX 0001217286 S000002793 JPMorgan Mid Cap Equity Fund C000007650 Select Class VSNGX C000007895 Class A JCMAX C000081076 Class C JMCCX 0001217286 S000002794 JPMorgan Small Cap Equity Fund C000007651 Select Class VSEIX C000007653 Class A VSEAX C000007654 Class B VSEBX C000007655 Class C JSECX 0001217286 S000002795 JPMorgan U.S. Small Company Fund C000007656 Select Class JSCSX C000054337 Class A JTUAX C000054338 Class C JTUCX 0001217286 S000002796 JPMorgan Value Advantage Fund C000007658 Select Class JVASX C000007660 Class A JVAAX C000007661 Class C JVACX 0001217286 S000002849 JPMorgan U.S. Large Cap Core Plus Fund C000007809 Select Class JLPSX C000007811 Class A JLCAX C000007812 Class C JLPCX 0001217286 S000002873 JPMorgan Small Cap Core Fund C000007897 Select Class VSSCX 0001217286 S000007310 JPMorgan U.S. Dynamic Plus Fund C000020084 Select Class JILSX C000020085 Class A JPSAX C000020086 Class C JPSCX 0001217286 S000019635 JPMorgan Dynamic Growth Fund C000054870 Class A C000054871 Class C C000054872 Select Class JDGSX C000054873 Class R5 0001217286 S000027952 JPMorgan U.S. Research Equity Plus Fund C000084945 Class A JEPAX C000084946 Class C JEPCX C000084947 Select Class JEPSX 0001217286 S000030459 JPMorgan Mid Cap Core Fund C000093582 Class A JMRAX C000093583 Class C JMRCX C000093584 Select Class JMRSX 0001217286 S000032550 JPMorgan Equity Focus Fund C000100367 Class A JPFAX C000100368 Class C JPFCX C000100369 Select Class JPFSX 0001217286 S000033935 JPMorgan U.S.Large Cap Core Plus Fund II C000104643 Class A C000104644 Class C C000104645 Select Class C000104646 Institutional Class 0001217286 S000037861 JPMorgan Quantitative Large Cap Plus Fund C000116845 Class R6 C000116846 Class A C000116847 Class C C000116848 Select Class C000116849 Class R2 C000116850 Class R5 485BPOS 1 d379488d485bpos.htm JPMORGAN TRUST I JPMorgan Trust I

As filed with the Securities and Exchange Commission on November 16, 2012

Securities Act File No. 333-103022

Investment Company Act File No. 811-21295

 

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM N-1A

 

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

   ¨
  Pre-Effective Amendment No.    ¨
  Post-Effective Amendment No. 242    x

and/or

 

 

REGISTRATION STATEMENT

UNDER

THE INVESTMENT COMPANY ACT OF 1940

   ¨
  Amendment No. 243    x
  (Check appropriate box or boxes)   

 

 

JPMORGAN TRUST I

(Exact Name of Registrant Specified in Charter)

 

 

270 Park Avenue

New York, New York, 10017

(Address of Principal Executive Offices)

Registrant’s Telephone Number, Including Area Code: (800) 480-4111

Frank J. Nasta, Esq.

J.P. Morgan Investment Management Inc.

270 Park Avenue

New York, NY 10017

(Name and Address of Agent for Service)

 

 

With copies to:

 

Elizabeth A. Davin, Esq.

  Jon S. Rand, Esq.
JPMorgan Chase & Co.   Dechert LLP

460 Polaris Parkway

  1095 Avenue of the Americas

Westerville, OH 43082

  New York, NY 10036

 

 

It is proposed that this filing will become effective (check appropriate box):

 

  x immediately upon filing pursuant to paragraph (b)
  ¨ 60 days after filing pursuant to paragraph (a)(1)
  ¨ 75 days after filing pursuant to paragraph (a)(2)
  ¨ on                 , 2012 pursuant to paragraph (b).
  ¨ on                 , 2012 pursuant to paragraph (a)(1).
  ¨ on (date) pursuant to paragraph (a)(2).

If appropriate, check the following box:

 

  ¨ The post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

 

 


EXPLANATORY NOTE

This Post-Effective Amendment No. 242 relates to the following fund:

 

J.P. Morgan U.S. Equity Funds    Share Classes
JPMorgan Disciplined Equity Fund    Class A and Select Class
JPMorgan Diversified Fund    Class A, Class B, Class C and Select Class
JPMorgan Dynamic Growth Fund    Class A, Class C, Select Class and Class R5
JPMorgan Dynamic Small Cap Growth Fund    Class A, Class B, Class C and Select Class
JPMorgan Equity Focus Fund    Class A, Class C and Select Class
JPMorgan Growth and Income Fund    Class A, Class B, Class C and Select Class
JPMorgan Intrepid America Fund    Class A, Class C and Select Class
JPMorgan Intrepid Growth Fund    Class A, Class C and Select Class
JPMorgan Intrepid Multi Cap Fund    Class A, Class C and Select Class
JPMorgan Intrepid Value Fund    Class A, Class C and Select Class
JPMorgan Mid Cap Core Fund    Class A, Class C and Select Class
JPMorgan Mid Cap Equity Fund    Class A, Class C and Select Class
JPMorgan Quantitative Large Cap Plus Fund    Class A, Class C, Select Class, Class R2, Class R5 and Class R6
JPMorgan Small Cap Core Fund    Select Class
JPMorgan Small Cap Equity Fund    Class A, Class B, Class C and Select Class
JPMorgan U.S. Dynamic Plus Fund    Class A, Class C and Select Class
JPMorgan U.S. Equity Fund    Class A, Class B, Class C and Select Class
JPMorgan U.S. Large Cap Core Plus Fund    Class A, Class C and Select Class
JPMorgan U.S. Large Cap Core Plus Fund II    Class A, Class C, Select Class and Institutional Class
JPMorgan U.S. Research Equity Plus Fund    Class A, Class C and Select Class
JPMorgan U.S. Small Company Fund    Class A, Class C and Select Class
JPMorgan Value Advantage Fund    Class A, Class C and Select Class


SIGNATURE

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant, JPMorgan Trust I, certifies that it meets all the requirements for the effectiveness of this Registration Statement under Rule 485(b) under the Securities Act of 1933, and has duly caused this Post-Effective Amendment to the Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Westerville and State of Ohio on the 16th day of November, 2012.

 

JPMORGAN TRUST I

By:  

    PATRICIA A. MALESKI*        

  Patricia A. Maleski
  President and Principal Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below by the following persons in the capacities indicated on November 16, 2012.

 

WILLIAM J. ARMSTRONG*

   

WILLIAM G. MORTON, JR.*

William J. Armstrong

Trustee

   

William G. Morton, Jr.

Trustee

JOHN F. FINN*

   

ROBERT A. ODEN, JR.*

John F. Finn

Trustee

   

Robert A. Oden, Jr.

Trustee

DR. MATTHEW GOLDSTEIN*

   

FERGUS REID, III*

Dr. Matthew Goldstein

Trustee

   

Fergus Reid, III

Trustee and Chairman

ROBERT J. HIGGINS*

   

FREDERICK W. RUEBECK*

Robert J. Higgins*

Trustee

   

Frederick W. Ruebeck

Trustee

FRANKIE D. HUGHES*

   

JAMES J. SCHONBACHLER*

Frankie D. Hughes

Trustee

   

James J. Schonbachler

Trustee

PETER C. MARSHALL*

   

LEONARD M. SPALDING, JR.*

Peter C. Marshall

Trustee

   

Leonard M. Spalding, Jr.

Trustee

MARILYN MCCOY*

    By  

PATRICIA A. MALESKI*

Marilyn McCoy

Trustee

     

Patricia A. Maleski

President and Principal Executive Officer

By  

JOY C. DOWD*

     
  Joy C. Dowd      
  Treasurer and Principal Financial Officer      
*By  

/S/  ELIZABETH A. DAVIN

     
 

Elizabeth A. Davin

     
  Attorney-in-Fact      


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
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jpmt20:AbcSelectSharesMember jpmt20:SadpFiveHundredCitigroupValueIndexMember 2011-11-02 2012-11-01 0001217286 jpmt20:S000002768Member jpmt20:AbcSelectSharesMember jpmt20:LipperLargeCapCoreFundsIndexMember 2011-11-02 2012-11-01 0001217286 jpmt20:S000002768Member jpmt20:AbcSelectSharesMember jpmt20:LipperLargeCapValueFundsIndexMember 2011-11-02 2012-11-01 0001217286 jpmt20:S000033935Member jpmt20:InstitutionalSharesMember 2011-11-02 2012-11-01 0001217286 jpmt20:S000033935Member jpmt20:InstitutionalSharesMember jpmt20:C000104646Member 2011-11-02 2012-11-01 pure iso4217:USD 485BPOS JPMorgan Trust I 0001217286 2012-11-01 2012-10-26 2012-11-01 2012-06-30 false <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Disciplined Equity Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker: A/JDEAX; Select/JDESX</b></font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide a consistently high total return from a broadly diversified portfolio of equity securities with risk characteristics similar to the Standard and Poor&#146;s 500 Composite Stock Price Index (S&amp;P 500 Index). </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 78 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i> </font> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> 50000 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 198% of the average value of its portfolio. </font> 1.98 <font style="font-family:Arial Narrow" size="2"><b>WHETHER OR NOT YOU SELL YOUR SHARES, YOUR<br/>COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>WHETHER OR NOT YOU SELL YOUR SHARES, YOUR<br/>COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Diversified Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b><br/><b>A/JDVAX; B/JDVBX; C/JDVCX; Select/JDVSX</b></font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide a high total return from a diversified portfolio of equity and fixed income investments. </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $100,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 78 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i> </font> 0.0525 0 0 0 0.0025 0.0025 0.0025 0 0.0038 0.0039 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> 0.0025 0.0025 0.0013 0.0014 0.0088 0.0064 -0.0003 -0.0004 0.0085 0.006 <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $100,000 in the J.P. Morgan Funds.</font> 100000 <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> 0.045 0 0 0 0 0.05 0.01 0 0.0055 0.0055 0.0055 0.0055 0.0025 0.0075 0.0075 0 0.0047 0.0047 0.0047 0.0047 0.0025 0.0025 0.0025 0.0025 0.0022 0.0022 0.0022 0.0022 0.0015 0.0015 0.0015 0.0015 0.0142 0.0192 0.0192 0.0117 -0.0013 -0.0012 -0.0012 -0.0013 0.0129 0.018 0.018 0.0104 <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> 575 683 283 106 867 891 591 359 1180 1226 1026 631 2065 2104 2234 1409 575 183 183 106 867 591 591 359 1180 1026 1026 631 2104 2234 1409 2065 <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 66% of the average value of its portfolio. </font> -0.017 -0.0233 -0.0091 -0.0641 -0.0748 -0.0352 -0.0001 0.0469 -0.0554 0.0211 -0.0054 0.0255 0.0152 0.0179 0.0133 0.0137 0.0174 0.016 0.0284 -0.0237 -0.0025 0.0132 0.0356 0.0361 0.0358 0.034 0.0432 0.0348 0.0487 0.044 0.0362 0.0292 0.0444 <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities. &#147;Assets&#148; means net assets plus the amount of borrowings for investment purposes. In implementing this strategy, the Fund primarily invests in the common stocks of U.S. companies with market capitalizations similar to those within the universe of the S&amp;P 500 Index. As of the last reconstitution of the S&amp;P 500 Index on September 30, 2012, the market capitalizations of the companies in the index ranged from $965 million to $647 billion. Sector by sector, the Fund&#146;s weightings are similar to those of the S&amp;P 500 Index. Within each sector, the Fund modestly overweights equity securities that it considers undervalued or fairly valued while modestly underweighting or not holding equity securities that appear overvalued. By owning a large number of equity securities within the S&amp;P 500 Index, with an emphasis on those that appear undervalued or fairly valued, the Fund seeks returns that modestly exceed those of the S&amp;P 500 Index over the long term with a modest level of volatility. </font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company&#146;s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">On behalf of the Fund, the adviser then buys and sells equity securities, using the research and valuation rankings as a basis. In general, the adviser buys equity securities that are identified as undervalued and considers selling them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria: </font></p><ul><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">catalysts that could trigger a rise in a stock&#8217;s price</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">Impact on the overall risk of the portfolio relative to the benchmark</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">high perceived potential reward compared to perceived potential risk</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">possible temporary mispricings caused by apparent market overreactions. </font></li></ul> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">Drawing on a variety of analytical tools, the Fund&#146;s adviser allocates assets among various types of equity and fixed income investments, based on the following model allocation:</font> <ul><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">30%&#150;75% U.S. equity securities, including small&#150;, medium&#150; and large-cap securities </font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">25%&#150;50% U.S. and foreign fixed income securities </font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">0%&#150;30% foreign equity securities </font></li></ul> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund invests in separate underlying strategies investing directly in individual securities or in other J.P. Morgan Funds, across asset classes, including: U.S. equity and developed international equity across market capitalizations, emerging markets equity, domestic and foreign fixed income, high yield fixed income, emerging markets debt, and real estate investment trusts (REITs). </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The adviser may periodically increase or decrease the Fund&#146;s actual asset allocation according to the relative attractiveness of each asset class.</font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Within its equity allocations, the Fund primarily invests in the common stock and convertible securities of U.S. and foreign companies. </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Within its fixed income allocations, the Fund primarily invests in corporate bonds, mortgage-backed securities, mortgage &#147;dollar rolls&#148; and U.S. government securities. The Fund&#146;s bond investments will primarily be rated investment grade by a national rating organization but the Fund may also invest up to 15% of its assets in certain high yield, high risk, non-investment grade securities (also known as junk bonds). This limit will include all investments held directly by the Fund, as well as J.P. Morgan Funds held by the Fund which invest primarily in high yield, non-investment grade securities.</font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">In addition to purchasing securities directly, the Fund may invest up to 30% of its assets in shares of other J.P. Morgan Funds in order to expose the Fund to certain asset classes when the adviser believes it is appropriate. </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. With respect to its fixed income allocations, the Fund may use futures contracts to manage and hedge interest rate risk associated with these investments, as well as to lengthen or shorten the duration of this portion of the portfolio. With respect to its equity and fixed income allocations, the Fund may use futures contracts to gain or reduce exposure to all or a portion of the stock or fixed income markets, respectively and for cash management. The Fund may use forward foreign currency exchange contracts to hedge or manage its foreign currency risk, as well as to gain exposure to certain currencies. </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The adviser establishes the strategic and tactical allocation for the Fund and makes the day-to-day decisions concerning strategies and overall construction of the Fund. As attractive investments arise across asset classes and strategies, the adviser attempts to capture these opportunities by allocating the Fund&#146;s assets among strategies and asset classes within pre-defined ranges. </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment decisions within strategies and asset classes are implemented either by the portfolio managers of the Fund&#146;s underlying strategies who select individual securities for the Fund or with the Fund&#146;s purchase of other J.P. Morgan Funds.</font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The frequency with which the Fund buys and sells underlying investments will vary from year to year, depending on, but not limited to: market conditions, performance of the underlying investments, and changes in the adviser&#146;s investment views. </font></p> 0.66 <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br /><br /> <div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Mid Cap Company Risk. </i>Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. <i> </i></font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>High Portfolio Turnover Risk.</i> The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund.</font> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the S&amp;P 500 Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i> </font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns for the past one year, five years and ten years. The table compares that performance to the Diversified Composite Benchmark, a customized benchmark, the Morgan Stanley Capital International (MSCI) World Index (net of foreign withholding taxes), a broad-based securities market index, and the Lipper Mixed-Asset Target Allocation Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The Diversified Composite Benchmark is a composite benchmark of unmanaged indexes that corresponds to the Fund&#146;s model allocation and that consists of MSCI World (60%) and Barclays U.S. Aggregate (40%) indexes. The performance of the Fund&#146;s former benchmark, the S&amp;P 500 Index, and former composite benchmark (which was composed of the S&amp;P 500 (60%) and Barclays U.S. Aggregate (40%) indexes) is also presented in the table. The performance in the table for Class A, Class B, and Class C Shares is based on the performance of Select Class Shares prior to their inception on 3/24/03. The actual returns of Class A, Class B and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i> </font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns for the past one year, five years and ten years.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Diversified Composite Benchmark, a customized benchmark, the Morgan Stanley Capital International (MSCI) World Index (net of foreign withholding taxes), a broad-based securities market index, and the Lipper Mixed-Asset Target Allocation Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2"><i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2"><i>www.jpmorganfunds.com</i> </font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the S&amp;P 500 Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <font style="font-family:Arial Narrow" size="2"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.</font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2009-06-30 0.1395 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> -0.1388 <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">2nd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>16.74%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;21.44%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 16.97%. </font></p> <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1264 <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> -0.1322 0.209 0.0928 0.0428 <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Intrepid America Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker: A/JIAAX; C/JIACX; Select/JPIAX</b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide long-term capital growth.</font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 78 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i></font> 0.1255 0.0679 -0.2541 0.2692 0.1411 -0.017 50000 <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and the after-tax return for the other class will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and the after-tax return for the other class will vary.</font> <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Intrepid Value Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b> <b>A/JIVAX; C/JIVCX; Select/JPIVX </b></font> 0.0525 0 0 0 0.01 0 0.0525 0 0 0 0.01 0 <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> 0.0125 0.0125 0.0125 -0.2498 0.2945 0.0025 0.0075 0 0.1103 0.0361 0.1545 0.0499 0.0104 0.0104 -0.368 0.0103 0.3128 0.1525 0.0101 0.001 0.001 0.001 0.0264 0.0314 0.0238 <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> -0.0073 -0.0073 -0.0072 0.0191 0.0241 0.0166 0.0065 0.0065 0.0065 0.0025 0.0075 0 <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide long-term capital appreciation. </font> 0.0037 0.0038 0.0037 <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 78 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i> </font> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2009-06-30 0.0025 0.0025 0.0025 0.1674 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 0.0012 0.0013 0.0012 2008-12-31 -0.2144 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 0.0001 0.0001 0.0001 2012-09-30 0.0128 0.0179 0.0103 0.1697 -0.0002 -0.0003 -0.0002 0.0176 0.0101 0.0126 709 344 169 1237 900 674 1790 1581 1205 3291 3398 2661 709 244 169 1237 900 674 1790 1581 1205 3291 3398 2661 0.0101 0.008 0.0093 -0.0457 0.0211 0.0009 0.0028 0 0.0019 -0.0105 -0.0025 -0.006 0.0272 0.0247 0.0229 0.019 0.0292 0.0216 <font style="font-family:Arial Narrow" size="2"> You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. </font> 50000 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your Investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> 0.0525 0 0 0 0.01 0 <font style="font-family:Arial Narrow" size="2">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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.</font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the </b></font><br/><font style="font-family:Arial Narrow" size="1"><b>value of your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> 0.0065 0.0065 0.0065 <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. <br /><br /> The Fund is exposed to the risks summarized below through both its direct investments and its investments in underlying funds. </font> <br /><br /> <div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.</font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Foreign Securities and Emerging Markets Risks. </i>Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets. These risks are magnified in countries in &#147;emerging markets.&#148; Events and evolving conditions in certain economies or markets may alter the risks associated with investments tied to countries or regions that historically were perceived as comparatively stable becoming riskier and more volatile. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Smaller Cap Company Risk. </i>Investments in securities of smaller companies may be riskier, more volatile and vulnerable to economic, market and industry changes than securities of larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.</font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Investments in Mutual Funds Risk. </i>To the extent the Fund invests in underlying J.P. Morgan Funds, the Fund&#146;s investment performance and risks are directly related to the performance and risks of the underlying funds. Shareholders will indirectly bear the expenses charged by those underlying funds. Because the adviser or its affiliates provide services to and receive fees from the underlying funds, the Fund&#146;s investments in the underlying funds benefit the adviser and/or its affiliates. In addition, the Fund may hold a significant percentage of the shares of an underlying fund. As a result, the Fund&#146;s investments in an underlying fund may create a conflict of interest. </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Income Securities Risk. </i>Investments in income securities will change in value based on changes in interest rates and are subject to the risk that a counterparty will fail to make payments when due or default. If interest rates rise, the value of the Fund&#146;s income securities generally drops. Certain underlying funds invest in variable and floating rate loan assignments and participations (Loans) and other variable and floating rate securities. Although these instruments are generally less sensitive to interest rate changes than other fixed rate instruments, the value of floating rate Loans and other securities may decline if their interest rates do not rise as quickly, or as much, as general interest rates. Mortgage-related and asset-backed securities including so called &#147;sub-prime&#148; mortgages are subject to certain other risks including prepayment and call risks. When mortgages and other obligations are prepaid and when securities are called, the Fund may have to reinvest in securities with a lower yield or fail to recover additional amounts (i.e., premiums) paid for securities with higher interest rates, resulting in an unexpected capital loss and/or a decrease in the amount of dividends and yield. In periods of rising interest rates, the Fund may be subject to extension risk, and may receive principal later than expected. As a result, in periods of rising interest rates, the Fund may exhibit additional volatility. Mortgage-related and asset-backed securities may decline in value, face valuation difficulties, be more volatile and/or be illiquid. </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Credit Risk.</i> Some of the Fund&#146;s investments are subject to the risk that a counterparty will fail to make payments when due or default completely. If an issuer&#146;s financial condition worsens, the credit quality of the issuer may deteriorate making it difficult for the Fund to sell such investments. </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>High Yield Securities Risk. </i>Some of the Fund&#146;s investments are in securities and instruments that are issued by companies that are highly leveraged, less creditworthy or financially distressed (known as junk bonds). These investments are considered to be speculative and are subject to greater risk of loss, greater sensitivity to interest rate and economic changes, valuation difficulties, and potential illiquidity. </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Real Estate Securities Risk.</i> The Fund&#146;s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund, will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund. </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Derivative Risk.</i> Derivatives, including futures and foreign currency exchange contracts, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. </font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p> <p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund.</font></p></div> 0.0025 0.0075 0 0.0057 0.0056 0.0057 <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund.</font> <font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> 0.0025 0.0025 0.0025 0.0032 0.0031 0.0032 0.0001 0.0001 0.0001 0.0148 0.0197 0.0123 -0.0052 -0.0051 -0.0042 647 279 0.0096 103 0.0146 0.0081 908 560 326 -0.0002 -0.0381 0.0094 1189 -0.0551 967 -0.0171 0.0211 567 -0.0258 1987 2103 1258 -0.0247 -0.0326 -0.0242 -0.0376 -0.0318 -0.0025 -0.0154 647 179 103 908 560 326 1189 967 567 1987 2103 1258 607 61 788 201 984 353 1550 795 <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> 607 61 788 201 984 353 <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 95% of the average value of its portfolio.</font> 1550 795 0.95 <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganDiversifiedFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> 618 249 83 920 569 349 1244 1015 635 2158 2255 1452 <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments of large and mid capitalization U.S. companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. The Fund generally defines large capitalization companies as those with a market capitalization over $10 billion at the time of purchase, and mid capitalization companies as those with market capitalization between $1 billion and $10 billion at the time of purchase.</font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 1000 Index that the adviser believes have characteristics such as attractive valuations, high quality and/or strong momentum that should lead to relative out performance. In identifying high quality securities, the adviser looks for profitable companies with sustainable earnings and disciplined management. In identifying securities that have strong momentum, the adviser looks for securities which have prices and/or earnings that have been increasing and that the adviser believes will continue to increase.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund&#146;s investment criteria or if the adviser believes that more attractive opportunities are available.</font></p> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganDiversifiedFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> 0.0266 618 149 83 920 569 349 1244 1015 635 -0.3876 0.2895 2158 2255 1452 0.089 -0.0002 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganDiversifiedFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganDisciplinedEquityFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 82% of the average value of its portfolio. </font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br /><br /> <div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Mid Cap Company Risk. </i> Because the Fund may invest in large and mid capitalization companies, the Fund&#146;s risks increase as it invests more heavily in mid capitalization companies. Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. <i> </i></font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>High Portfolio Turnover Risk.</i> The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> 0.82 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganDiversifiedFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganDiversifiedFundBarChart column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund.</font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganDiversifiedFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganDisciplinedEquityFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 1000<sup>&reg;</sup> Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares in the table is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111. </i></font> <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments of large and mid capitalization companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. The Fund generally defines large capitalization companies as those with a market capitalization over $10 billion at the time of purchase, and mid capitalization companies as those with market capitalization between $1 billion and $10 billion, at the time of purchase. </font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 1000 Value Index that the adviser believes have characteristics such as attractive valuations, high quality and/or strong momentum that should lead to relative out performance. In identifying high quality securities, the adviser looks for profitable companies with sustainable earnings and disciplined management. In identifying securities that have strong momentum, the adviser looks for securities which have prices and/or earnings that have been increasing and that the adviser believes will continue to increase. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund&#146;s investment criteria or if the adviser believes that more attractive opportunities are available.</font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund.</i></font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell 1000<sup>&reg;</sup> Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. </font> 0.1268 0.0923 0.1606 0.0362 -0.3898 0.2966 0.1401 -0.0006 <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>17.87%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;22.19%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 17.44%. </font></p> <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For the period ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan U.S. Dynamic Plus Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b> <b>A/JPSAX; C/JPSCX; Select/JILSX</b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganDisciplinedEquityFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide long-term capital appreciation. </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 78 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i> </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganDisciplinedEquityFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the </b></font><br/><font style="font-family:Arial Narrow" size="1"><b>value of your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate (including short sales) was 583% of the average value of its portfolio. </font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganDisciplinedEquityFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganDisciplinedEquityFund column period compact * ~</div> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2009-09-30 0.1787 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2219 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1744 <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met.</font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.</font></p></div><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>General Market Risk.</i> Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Value Investing Risk. </i>A value stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company&#146;s value or the factors that the adviser believes will cause the stock price to increase do not occur. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Mid Cap Company Risk. </i>Because the Fund may invest in large- and mid-capitalization companies, the Fund&#146;s risks increase as it invests more heavily in mid-capitalization companies. Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term. </font></p> <p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund.</font></p></div> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>18.11%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;21.26%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 15.98%. </font></p> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2009-09-30 2008-12-31 2012-09-30 <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> 0.1811 <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> -0.2126 0.1598 <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Standard &amp; Poor&#146;s 500 Composite Stock Price Index (&#147;S&amp;P 500 Index&#148;) and the Lipper Extended U.S. Large-Cap Core Funds Average, an average based on the total return of all funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past five calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund.</font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For the period ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 1000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Value Index and the Lipper Large-Cap Value Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares in the table is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i> </font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"> <font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk.</i> Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Short Selling Risk. </i>The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund&#146;s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser&#146;s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Mid Cap Company Risk. </i>Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>High Portfolio Turnover Risk. </i>The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.</font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> 5.83 <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> 50000 <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund will invest at least 80% of its Assets in long and short positions with respect to equity securities of U.S. companies. These equity securities will primarily be common stocks. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. </font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">&#147;Plus&#148; in the Fund&#146;s name refers to the additional return the Fund endeavors to add both relative to the S&amp;P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. At the same time, by controlling factor or risk exposures through portfolio construction, the Fund seeks to limit its volatility to that of the overall market, as represented by the S&amp;P 500 Index. Short sales involve the sale of a security which the fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2">The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However the long and short positions held by the Fund will vary in size as market opportunities change. The Fund&#146;s long positions and their equivalents will range between 90% and 150% of the value of the Fund&#146;s net assets. The Fund&#146;s short positions will range between 0% and 50% of the value of the Fund&#146;s net assets. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2">Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2">The investment process identifies securities that have been mispriced by behavioral biases. Stocks are ranked based on their value, momentum or quality characteristics. In general, stocks are purchased when they are among the top ranked within their sector and are sold if the adviser determines that the issuer no longer meets the Fund&#146;s investment criteria or if the adviser believes that more attractive opportunities are available. The adviser considers selling short or initiating underweight positions in the lowest ranked securities. Risk or factor exposures are actively managed through portfolio construction. Portfolio constraints control for sector weights, position sizes and style and size characteristics of the Fund. </font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> -0.0006 -0.0019 0.0014 -0.0555 -0.0184 0.015 0.0009 -0.0135 -0.0176 -0.0118 -0.0265 -0.0209 -0.0002 -0.006 <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> 0.074 0.0688 0.0634 0.0655 0.0677 0.0719 0.0573 <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.</font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past five calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund. The table compares that performance to the Standard &amp; Poor&#146;s 500 Composite Stock Price Index (&#147;S&amp;P 500 Index&#148;) and the Lipper Extended U.S. Large-Cap Core Funds Average, an average based on the total return of all funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i> </font> <font style="font-family:Arial Narrow" size="2"> The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund.</font> <font style="font-family:Arial Narrow" size="2"> The table compares that performance to the Russell 1000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Value Index and the Lipper Large-Cap Value Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. </font> <font style="font-family:Arial Narrow" size="2"><i> 1-800-480-4111</i> </font> <font style="font-family:Arial Narrow" size="2"> <i> www.jpmorganfunds.com</i> </font> <font style="font-family:Arial Narrow" size="2"> Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. </font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> 0.1751 0.1014 0.2292 0.0011 -0.3652 0.2391 0.1377 -0.0099 <font style="font-family:Arial Narrow" size="2">10/31/13</font> 2003-02-28 2003-02-28 2003-02-28 2003-02-28 2003-02-28 0.0051 0.0051 0.0051 0.0025 0.0025 0.0025 <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>18.43%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;22.75%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 16.14%. </font></p> 0.0028 0.0028 0.0027 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1614 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2009-09-30 0.1843 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2275 <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For the period ended December 31, 2011)</b></font> -0.0099 -0.0125 -0.003 -0.0636 -0.0269 0.0039 -0.0217 -0.0237 -0.0264 -0.0202 -0.0364 -0.0308 -0.0264 -0.0226 0.0799 0.0729 0.0679 0.0714 0.0737 0.0706 0.0611 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganIntrepidAmericaFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganIntrepidAmericaFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganIntrepidAmericaFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the </b></font><br/><font style="font-family:Arial Narrow" size="1"><b>value of your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganIntrepidAmericaFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganIntrepidAmericaFundBarChart column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For the period ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> 2003-02-28 2003-02-28 2003-02-28 2003-02-28 2003-02-28 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganIntrepidAmericaFund column period compact * ~</div> -0.005 -0.0119 -0.0073 -0.0166 -0.0124 0.0226 0.0151 <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. </font> <font style="font-family:Arial Narrow" size="2"> Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. </font> 2006-01-31 2006-01-31 2006-01-31 2006-01-31 2006-01-31 <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks long-term capital growth. </font> <font style="font-family:Arial Narrow" size="2">The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganU.S.DynamicPlusFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 99% of the average value of its portfolio. </font> 0.99 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganU.S.DynamicPlusFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan U.S. Research Equity Plus Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b> <b>A/JEPAX; C/JEPCX; Select/JEPSX</b></font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide total return from a portfolio of selected equity securities. </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganU.S.DynamicPlusFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganU.S.DynamicPlusFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13, and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests in a focused portfolio of equity securities of large capitalization companies. Large cap companies are companies with market capitalizations equal to those within the universe of the Russell 1000</font><font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font><font style="font-family:Arial Narrow" size="2"> Growth Index at the time of purchase. Typically, the Fund invests in common stocks of companies with a history of above-average growth or companies expected to enter periods of above-average growth. Although the Fund will invest primarily in equity securities of U.S. companies, it may invest up to 20% of its total assets in foreign securities, including depositary receipts. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund is non-diversified. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: The Fund&#146;s adviser will utilize a combination of qualitative analysis and quantitative metrics in order to seek to achieve target returns which are higher than the Fund&#146;s benchmark while attempting to maintain a moderate risk profile. In managing the Fund, the adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. The adviser looks for companies with leading competitive positions, predictable and durable business models and management that can achieve sustained growth. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The adviser may sell a security for several reasons. The adviser may sell a security due to a change in the company&#146;s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be reasonably valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity. </font></p> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganU.S.DynamicPlusFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganIntrepidValueFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganU.S.DynamicPlusFund column period compact * ~</div> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganIntrepidValueFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganIntrepidValueFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganIntrepidValueFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganIntrepidValueFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganIntrepidValueFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font> <br/><br/> <div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"> <font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font> </p></div><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font> </p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font> </p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Growth Investing Risk</i>. Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may also trade at higher multiples of current earnings, compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value. </font> </p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. </font> </p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Foreign Securities Risk. </i>Investments in foreign issuers are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets. </font> </p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Non-Diversified Fund Risk. </i>Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund&#146;s shares being more sensitive to economic results among those issuing the securities. </font> </p> <p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>High Portfolio Turnover Risk. </i>The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income. </font></p> <p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p> <p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> </p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2"> You could lose money investing in the Fund. </font></p></div> <font style="FONT-FAMILY: Arial Narrow" size="2"> You could lose money investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2"><i>Non-Diversified Fund Risk. </i>Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund&#146;s shares being more sensitive to economic results among those issuing the securities. </font> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="font-family:Arial Narrow" size="2"><b>WHETHER OR NOT YOU SELL YOUR SHARES, YOUR<br/>COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>WHETHER OR NOT YOU SELL YOUR SHARES, YOUR<br/>COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund. The table compares that performance to the Russell 1000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Subsequent to the inception of the Fund on 11/30/07 until 8/6/10, the Fund did not experience any shareholder purchase and sale activity. If such shareholder activity had occurred, the Fund&#146;s performance may have been impacted. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i> </font> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell 1000</font><font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font><font style="font-family:Arial Narrow" size="2"> Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Intrepid Multi Cap Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2">Class/Ticker: A/JICAX; C/JICCX; Select/JIISX</font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund?</b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide long-term capital appreciation.</font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund</b> </font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 79 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</font> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> 50000 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> 0.0525 0 0 0 0.01 0 <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>value of your investment)</b></font> 0.0065 0.0065 0.0065 0.0025 0.0075 0 0.0161 0.0162 0.0163 0.0025 0.0025 0.0025 0.0136 0.0137 0.0138 0.0251 0.0302 0.0228 -0.0126 -0.0127 -0.0128 0.0125 0.0175 0.01 <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2010</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>15.81%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;24.70%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 20.44%. </font></p> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 0.2044 2012-09-30 -0.247 2008-12-31 0.1581 2010-09-30 <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.</font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan U.S. Large Cap Core Plus Fund </font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b> <b>A/JLCAX; C/JLPCX; Select/JLPSX</b></font><br/><br/><font style="font-family:Arial Narrow" size="2">Currently, the Fund is publicly offered on a limited basis. (See &#147;Purchasing Fund Shares &#151; What does it mean that the U.S. Large Cap Core Plus Fund is publicly offered on a limited basis?&#148; in the prospectus for more information.) </font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> 646 278 102 1152 814 589 1683 1475 1103 3131 3247 2516 <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 78 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i> </font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide a high total return from a portfolio of selected equity securities. </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> 0.0525 0 0 <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in <i>&#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 78 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i> </font> 0 0.01 0 <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. </font> 50000 646 178 102 1152 814 589 1683 1475 1103 3131 3247 2516 <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> 0.57 <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 57% of the average value of its portfolio.</font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> -0.031 <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> 50000 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> 0.0525 0 0 0 0.01 0 -0.0469 0.1914 0.4331 -0.4217 <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments across all market capitalizations. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. The Fund will generally invest in companies with a market capitalization of $500 million or greater at the time of purchase. In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 3000 Index that the adviser believes are undervalued and/or have strong momentum. In identifying securities that have strong momentum, the adviser looks for securities which have prices that have been increasing and that the adviser believes will continue to increase.</font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.</font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund&#146;s investment criteria or if the adviser believes that more attractive opportunities are available.</font></p> 0.01 0.01 0.01 0.0025 0.0075 0 <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the </b></font><br/><font style="font-family:Arial Narrow" size="1"><b>value of your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> 0.0306 0.0308 0.0308 0.0109 0.0109 0.0109 0.0025 0.0025 0.01 0.0025 0.01 0.01 0.0172 0.0174 0.0174 0.0025 0.0075 0 0.0431 0.0483 0.0408 0.0112 0.0112 0.0112 0.0234 0.0284 0.0209 1438 641 -0.0197 -0.0199 -0.0199 362 103 103 362 641 1438 0.006 0 0.0059 0.0025 0.0034 0.0001 0.012 <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met.</font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Smaller Cap Company Risk. </i>Although the Fund may invest in equity investments of companies across all market capitalizations, the Fund&#146;s risks increase as it invests in smaller companies (mid cap and small cap companies). Smaller companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. <i> </i></font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> -0.0019 0.0101 0.0073 0.0073 0.0073 0.0025 0.0025 0.0025 0.0014 0.0014 0.0014 0.0001 0.0001 0.0001 0.0238 0.0288 0.0213 <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font> -0.0034 -0.0034 -0.0034 0.0179 0.0254 0.0204 <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 3000<sup>&reg;</sup> Index and the Lipper Multi-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The Fund&#146;s performance prior to 4/10/06 may be less pertinent for investors considering whether to purchase shares of the Fund because of changes made to the Fund&#146;s investment policies beginning at that time. The performance of the Class A and Class C Shares is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i></font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> 721 750 357 387 182 212 1198 860 634 1594 1276 1060 1700 1488 1113 3074 3180 2435 2450 2268 1923 <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> 721 257 182 1198 860 634 <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> 1700 1488 1113 3074 3180 2435 <font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell 3000<sup>&reg;</sup> Index and the Lipper Multi-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganDynamicGrowthFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate (including short sales) was 129% of the average value of its portfolio. </font> 1.29 0.1601 0.0659 <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> 0.1597 0.0235 -0.4196 0.3023 0.1525 0.0021 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganDynamicGrowthFund column period compact * ~</div> 750 287 212 1594 1276 1060 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganDynamicGrowthFund column period compact * ~</div> 2450 2268 1923 <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>18.50%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;24.34%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 19.73%. </font></p> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganDynamicGrowthFundBarChart column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2009-09-30 0.185 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> 2008-12-31 -0.2434 <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate (including short sales) was 75% of the average value of its portfolio. </font> -0.0126 0.75 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> -0.0125 0.002 -0.0106 -0.0233 2012-09-30 0.1973 -0.0469 <font style="font-family:Arial Narrow" size="2">Under normal circumstances, at least 80% of the value of the Fund&#146;s Assets, which are expected to include both long and short positions, will consist of different U.S. securities, selected from a universe of publicly traded large capitalization securities with characteristics similar to those comprising the Russell 1000 and the S&amp;P 500 Indices. The Fund takes long and short positions mainly in equity securities and derivatives on those securities of companies that each have a market capitalization of at least $4 billion at the time of purchase. Equity securities in which the Fund invests significantly include common stocks of U.S. and foreign companies, including depositary receipts. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes.</font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">&#147;Plus&#148; in the Fund&#146;s name refers to the additional return the Fund endeavors to add both relative to the S&amp;P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund&#146;s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund&#146;s net exposure to the market at a level similar to a traditional &#147;long-only&#148; strategy. Short sales involve the sale of a security which the fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However the long and short positions held by the Fund will vary in size as market opportunities change. The Fund&#146;s long positions and their equivalents will range between 90% and 150% of the value of the Fund&#146;s net assets. The Fund&#146;s short positions will range between 0% and 50% of the value of the Fund&#146;s net assets.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years which is designed to provide insight into a company&#146;s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities and derivatives on those securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as: </font></p><ul><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">catalysts that could trigger a rise in a stock&#146;s price </font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">high potential reward compared to potential risk</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">temporary mispricings caused by apparent market overreactions. </font></li></ul> -0.0469 -0.0305 0.0264 -0.029 <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> 2007-11-30 2007-11-30 2007-11-30 <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> 0.0021 -0.0002 0.0044 -0.0534 0.0103 -0.0281 -0.0223 -0.0251 -0.0191 -0.0353 -0.0297 -0.0001 -0.0032 -0.0157 0.0686 0.0608 0.0586 0.06 0.0623 0.0738 0.0726 <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met.</font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.</font></p></div><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>General Market Risk.</i> Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Short Selling Risk </i>The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund&#146;s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser&#146;s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Foreign Securities Risk</i>. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>High Portfolio Turnover Risk. </i>The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund.</font></p></div> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past six calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund. The table compares that performance to the S&amp;P 500 Index and the Lipper Extended U.S. Large-Cap Core Funds Average, an average based on the total return of all funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111</i>. </font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past six calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund. </font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the S&amp;P 500 Index and the Lipper Extended U.S. Large-Cap Core Funds Average, an average based on the total return of all funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. </font> <font style="font-family:Arial Narrow" size="2"><i> 1-800-480-4111</i> </font> <font style="font-family:Arial Narrow" size="2"> <i> www.jpmorganfunds.com</i> </font> <font style="font-family:Arial Narrow" size="2"> Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. </font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganDynamicGrowthFund column period compact * ~</div> 0.2157 0.1399 -0.3458 0.3643 0.1419 -0.0387 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2009-06-30 0.179 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2028 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1733 <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganIntrepidMultiCapFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. </font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan U.S. Equity Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker: A/JUEAX; B/JUEBX; C/JUECX; Select/JUESX</b></font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2"> Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide high total return from a portfolio of selected equity securities.</font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. </font> <font style="font-family:Arial Narrow" size="2">Under normal circumstances, at least 80% of the value of the Fund&#146;s Assets, which are expected to include both long and short positions, will invest in equity securities of large capitalization, U.S. companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. Large capitalization companies are companies with market capitalizations of at least $4 billion at the time of purchase. In implementing its strategy, the Fund invests primarily in common stocks, real estate investment trusts (REITs) and depositary receipts. The adviser also generally is sector neutral relative to the S&amp;P 500 Index and emphasizes stock selection as the primary means of generating returns. </font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">&#147;Plus&#148; in the Fund&#146;s name refers to the additional return the Fund endeavors to add both relative to the S&amp;P 500 Index as well as relative to traditional strategies that do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund&#146;s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund&#146;s net exposure to the market at a level similar to a traditional &#147;long only&#148; strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund. </font> </p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2">The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However the long and short positions held by the Fund will vary in size as market opportunities change. The Fund&#146;s long positions and their equivalents will range between 90% and 150% of the value of the Fund&#146;s net assets. The Fund&#146;s short positions will range between 0% and 50% of the value of the Fund&#146;s net assets. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company&#146;s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value. </font> </p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2">On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities and derivatives on those securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as: </font></p> <ul><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2"> catalysts that could trigger a rise in a stock&#146;s price </font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2"> impact on the overall risk of the portfolio relative to the benchmark</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2"> high potential reward compared to potential risk and</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2"> temporary mispricings caused by apparent market overreactions. </font></li></ul> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 78 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i> </font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> -0.0387 -0.0397 -0.0239 -0.0919 -0.0558 0.0211 -0.0258 0.0223 0.0194 0.018 0.0086 0.0146 -0.0025 -0.0154 0.0592 0.0561 0.0501 0.0474 0.0514 0.0282 0.0132 <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganIntrepidMultiCapFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> 50000 <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> 0.0525 0 0 0 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganIntrepidMultiCapFund column period compact * ~</div> 0 0.05 0.01 0 <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows the performance of the Fund&#146;s Select Class Shares over the past calender year. The table shows the average annual total returns for the past one year and the life of the Fund. The table compares that performance to the S&amp;P 500<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Index and the Lipper Extended U.S. Large-Cap Core Funds Average, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i> </font> <font style="font-family:Arial Narrow" size="2">The bar chart shows the performance of the Fund&#146;s Select Class Shares over the past calender year. The table shows the average annual total returns for the past one year and the life of the Fund.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the S&amp;P 500<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Index and the Lipper Extended U.S. Large-Cap Core Funds Average, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganIntrepidMultiCapFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> 0.004 0.004 0.004 0.004 0.0025 0.0075 0.0075 0 0.0043 0.0043 0.0043 0.0043 0.0025 0.0025 0.0025 0.0025 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganIntrepidMultiCapFundBarChart column period compact * ~</div> 0.0018 0.0018 0.0018 0.0018 0.0108 0.0158 0.0158 0.0083 <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font> <br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Short Selling Risk. </i>The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund&#146;s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser&#146;s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Derivative Risk. </i>Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Foreign Securities Risk. </i>To the extent the Fund invests in depositary receipts, such investments are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Real Estate Securities Risk. </i>The Fund&#146;s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund, will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> </p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> -0.0011 -0.0011 -0.0011 -0.0004 0.0097 0.0147 0.0147 0.0079 2011-12-31 0.0975 2011-09-30 -0.1552 2012-09-30 0.1904 2005-11-01 2005-11-01 2005-11-01 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganIntrepidMultiCapFund column period compact * ~</div> 2005-11-01 2005-11-01 <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For the period ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> 619 650 250 81 261 840 788 488 457 850 1050 1079 1022 1764 1735 1869 -0.031 -0.0343 -0.016 -0.0836 -0.0486 0.0211 -0.0258 0.0202 0.0174 0.0166 -0.0133 0.0123 0.0641 0.0245 <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2"> Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> 2003-02-28 2003-02-28 2003-02-28 2003-02-28 2003-02-28 <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">2nd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>13.95%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;13.88%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 12.64%. </font></p> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Dynamic Growth Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b> <b>Select/JDGSX</b></font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Mid Cap Core Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker: A/JMRAX; C/JMRCX; Select/JMRSX</b></font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks long-term capital appreciation. </font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 79 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information</i>. </font> <font style="font-family:Arial Narrow" size="2">10/31/13 </font> 50000 <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST <br/>WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">2nd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>17.90%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;20.28%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 17.33%. </font></p> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 44% of the average value of its portfolio. </font> 2010-04-03 2010-04-03 2010-04-03 2010-04-03 2010-04-03 0.44 <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of mid cap companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. Mid cap companies are companies with market </font><font style="font-family:Arial Narrow" size="2">capitalizations equal to those within the universe of the Russell Midcap Index at the time of purchase. As of the last reconstitution of the Russell Midcap Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $1.4 billion to $17.4 billion. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs). </font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the adviser employs a fundamental bottom-up investment process. The adviser seeks to invest in companies with leading competitive advantages, durable business models and sustainable free cash flow generation with management committed to increasing shareholder value. It also looks to invest in securities that are trading at a discount to their intrinsic value. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The adviser may sell a security for several reasons. A security may be sold due to a change in the company&#146;s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity. </font></p> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganU.S.ResearchEquityPlusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganU.S.LargeCapCorePlusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganU.S.ResearchEquityPlusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganU.S.LargeCapCorePlusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganU.S.ResearchEquityPlusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganU.S.LargeCapCorePlusFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font> <br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk.</i> Economies and financial markets throughout the world are becoming increasingly interconnected, which </font> <font style="font-family:Arial Narrow" size="2"> increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Mid Cap Company Risk. </i>Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Real Estate Securities Risk. </i>The Fund&#146;s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit- worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganU.S.ResearchEquityPlusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganU.S.LargeCapCorePlusFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganU.S.LargeCapCorePlusFundBarChart column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganU.S.ResearchEquityPlusFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganU.S.LargeCapCorePlusFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><i>1-800-480-4111</i></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganU.S.ResearchEquityPlusFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. </font> 4642 4762 4151 4642 4762 4151 <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2011</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>9.75%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2011</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;15.52%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 19.04%. </font></p> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Intrepid Growth Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b><b> A/JIGAX; C/JCICX; Select/JPGSX</b></font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares over the past calendar year. The table shows the average annual total returns for the past one year and the life of the Fund. </font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> 619 150 150 81 840 488 488 261 1079 850 850 457 1764 1735 1869 1022 <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 83% of the average value of its portfolio. </font> 0.83 <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of U.S. companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. In implementing its strategy, the Fund primarily invests in common stocks of large- and medium-capitalization U.S. companies, but it may also invest up to 20% of its Assets in common stocks of foreign companies, including depositary receipts. </font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Sector by sector, the Fund&#146;s weightings are similar to those of the S&amp;P 500 Index. Within each sector, the Fund focuses on those equity securities that it considers most undervalued and seeks to outperform the S&amp;P 500 through superior stock selection. By emphasizing undervalued equity securities, the Fund seeks to produce returns that exceed those of the S&amp;P 500 Index. At the same time, by controlling the sector weightings of the Fund so they can differ only moderately from the sector weightings of the S&amp;P 500 Index, the Fund seeks to limit its volatility to that of the overall market, as represented by this index.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company&#146;s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">On behalf of the Fund, the adviser then buys and sells equity securities, using the research and valuation rankings as a basis. In general, the adviser buys equity securities that are identified as undervalued and considers selling them when they appear to be overvalued. Along with attractive valuation, the adviser often considers a number of other criteria: </font></p><ul><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">catalysts that could trigger a rise in a stock&#8217;s price</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">high potential reward compared to potential risk</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">temporary mispricings caused by apparent market overreactions.</font></li></ul> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.</font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Mid Cap Company Risk. </i>Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. The securities of mid cap companies may trade less frequently and in smaller volumes than securities of larger companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Strategy Risk. </i>An undervalued stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company&#146;s value or the factors that the adviser believes will cause the stock price to increase do not occur.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Foreign Securities Risk</i>. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund.</font> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the S&amp;P 500 Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i></font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the S&amp;P 500 Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. </font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide long-term capital growth.</font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 78 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i> </font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">2nd quarter, 2003</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>18.00%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;20.57%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 16.55%. </font></p> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> 50000 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>value of your investment)</b></font> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2003-06-30 0.18 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2057 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1655 0.0525 0 0 0 0.01 0 -0.2662 0.3242 0.108 0.0245 0.1714 0.1029 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganIntrepidGrowthFund column period compact * ~</div> -0.3464 0.3294 0.1424 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganIntrepidGrowthFund column period compact * ~</div> -0.0156 <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> 0.0065 0.0065 0.0065 0.0025 0.0075 0 0.0042 0.0042 0.0042 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganIntrepidGrowthFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> 0.0025 <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and the after-tax return for the other class will vary.</font> 0.0025 0.0025 0.0017 0.0017 0.0017 0.0001 0.0001 0.0001 -0.0156 -0.0182 -0.0066 -0.0698 -0.0735 -0.0329 0.0211 0.0009 0.0133 0.0183 0.0108 0.0151 0.0067 0.0104 0.0019 0.0035 0.0075 -0.0025 -0.006 -0.0007 -0.0007 -0.0007 0.0337 0.026 0.0269 0.0256 0.0264 0.0252 0.0292 0.0216 0.0126 0.0176 0.0101 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganIntrepidGrowthFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganIntrepidGrowthFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell Midcap Index and the Lipper Mid-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares over the past calendar year. The table shows the average annual total returns for the past one year and the life of the Fund. The table compares that performance to the Russell Midcap Index and the Lipper Mid-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i> </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.</font> <font style="font-family:Arial Narrow" size="2"> Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganU.S.EquityFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. </font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganU.S.EquityFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> 0.0149 <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> 647 279 103 918 569 337 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganIntrepidGrowthFund column period compact * ~</div> 1209 984 589 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganU.S.EquityFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganMidCapCoreFundBarChart column period compact * ~</div> 2037 2142 1311 647 179 103 1209 984 589 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganU.S.EquityFund column period compact * ~</div> 918 569 337 2037 2142 1311 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganU.S.EquityFundBarChart column period compact * ~</div> 0 0.0525 0 0 0.01 0 <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 110% of the average value of its portfolio. </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganU.S.EquityFund column period compact * ~</div> 1.1 <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Small Cap Core Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2">Class/Ticker: Select/VSSCX</font> <font style="font-family:Arial Narrow" size="2">What is the goal of the Fund? </font> <font style="font-family:Arial Narrow" size="2">The Fund seeks capital growth over the long term.</font> <font style="font-family:Arial Narrow" size="2">Fees and Expenses of the Fund </font> <font style="font-family:Arial Narrow" size="2">The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.</font> <font style="font-family:Arial Narrow" size="2">ANNUAL FUND OPERATING EXPENSES</font><br/><font style="font-family:Arial Narrow" size="1">(Expenses that you pay each year as a percentage of the</font><br/><font style="font-family:Arial Narrow" size="1">value of your investment)</font> <font style="font-family:Arial Narrow" size="2">Example</font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.</font> <font style="font-family:Arial Narrow" size="2">WHETHER OR NOT YOU SELL YOUR SHARES YOUR<br/>COST WOULD BE:</font> <font style="font-family:Arial Narrow" size="2">WHETHER OR NOT YOU SELL YOUR SHARES YOUR<br/>COST WOULD BE:</font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> 82 303 542 1228 0.0065 0.0065 0.0065 0.0025 0.0075 0 0.0041 0.0041 0.0041 0.0065 0 0.0037 0.0025 0.0025 0.0025 0.0025 0.0012 0.0016 0.0016 0.0016 0.0102 0.0001 0.0001 0.0001 -0.0022 0.008 0.0132 0.0182 0.0107 -0.0006 -0.0006 -0.0006 0.0126 0.0176 0.0101 <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments of large and mid capitalization companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. The Fund generally defines large capitalization companies as those with a market capitalization over $10 billion at the time of purchase, and mid capitalization companies as those with market capitalization between $1 billion and $10 billion, at the time of purchase.</font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 1000 Growth Index that the adviser believes have characteristics such as attractive valuations, high quality and/or strong momentum that should lead to relative out performance. In identifying high quality securities, the adviser looks for profitable companies with sustainable earnings and disciplined management. In identifying securities that have strong momentum, the adviser looks for securities which have prices and/or earnings that have been increasing and that the adviser believes will continue to increase.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund&#146;s investment criteria or if the adviser believes that more attractive opportunities are available.</font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> 82 303 542 1228 <font style="font-family:Arial Narrow" size="2">Portfolio Turnover </font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 45% of the average value of its portfolio.</font> 0.45 <font style="font-family:Arial Narrow" size="2">What are the Fund&#146;s main investment strategies? </font> <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations equal to those within the universe of Russell 2000&reg; Index at the time of purchase. As of the last reconstitution of the Russell 2000 Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. Sector by sector, the Fund&#146;s weightings are similar to those of the Russell 2000 Index. The Fund can moderately underweight or overweight sectors when it believes it will benefit performance. In implementing its main strategies, the Fund&#146;s investments are primarily in common stocks and real estate investment trusts (REITs).</font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: The Fund pursues returns that exceed those of the Russell 2000 Index while seeking to limit its volatility relative to this index. In managing the Fund, the adviser employs a process that ranks stocks based on its proprietary stock ranking system. The rankings are then reviewed and adjusted utilizing fundamental research conducted by the investment team to enhance accuracy and consistency. The adjusted rankings are used to place stocks into portfolios. In general, stocks are purchased when they are among the top ranked within their sector. Stocks become candidates for sale when their ranking falls, when they appear unattractive or when the company is no longer a small cap company. The Fund may continue to hold the securities if it believes further substantial growth is possible. Risk factor exposures are managed through portfolio construction. Portfolio constraints control for sector weights, position sizes and/or style characteristics of the Fund.</font></p> <font style="font-family:Arial Narrow" size="2">The Fund&#146;s Main Investment Risks</font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met.</font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.</font></p></div><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Growth Investing Risk. </i>Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may trade at higher multiples of current earnings compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Mid Cap Company Risk. </i>Because the Fund may invest in large and mid capitalization companies, the Fund&#146;s risks increase as it invests more heavily in mid cap companies. Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Derivative Risk. </i>Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>High Portfolio Turnover Risk. </i>The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund.</font></p></div> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> 279 647 103 916 567 334 980 1205 584 2027 2132 1300 <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 1000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares in the table is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i> </font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund.</font> 647 179 103 916 567 334 1205 980 584 2027 2132 1300 <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell 1000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. </font> <font style="font-family:Arial Narrow" size="2"><i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met.</font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i> Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Small Cap Company Risk. </i>Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Derivative Risk. </i>Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Real Estate Securities Risk. </i>The Fund&#146;s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="font-family:Arial Narrow" size="2"><i>www.jpmorganfunds.com</i></font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns for the past one year, five years and ten years. The table compares that performance to the Russell 2000<sup>&reg;</sup> Index and Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i></font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns for the past one year, five years and ten years.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell 2000<sup>&reg;</sup> Index and Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganMidCapCoreFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>15.81%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;22.16%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 18.34%. </font></p> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganMidCapCoreFund column period compact * ~</div> -0.1694 0.352 0.2231 0.039 0.1541 <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For the period ended December 31, 2011)</b></font> -0.0527 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganMidCapCoreFund column period compact * ~</div> -0.3186 0.2307 0.2737 -0.0458 <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganMidCapCoreFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.</font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>19.97%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;26.24%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 16.64%. </font></p> 0.1045 0.0879 0.0938 0.1116 -0.3923 0.3382 0.1587 0.0138 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 0.0688 0.0682 0.0584 0.0147 0.0485 0.0611 0.0128 2009-09-30 0.1997 0.0149 0.0144 -0.0407 0.0102 -0.002 -0.0155 -0.0565 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2624 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1664 <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1834 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> 2009-09-30 0.1581 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2216 -0.0458 -0.0466 -0.0287 -0.0418 -0.0381 -0.007 -0.0156 -0.0076 0.0015 0.0132 0.0475 0.037 0.0391 0.0562 0.0581 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganMidCapCoreFund column period compact * ~</div> 0.0138 0.0129 0.0101 -0.0422 -0.0037 0.0264 -0.029 0.0121 0.0105 0.0102 -0.0013 0.0046 0.025 0.0085 0.0753 0.0687 0.0629 0.0667 0.069 0.0718 0.059 2003-02-28 2003-02-28 2003-02-28 2003-02-28 2003-02-28 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganSmallCapCoreFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganSmallCapCoreFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganSmallCapCoreFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganSmallCapCoreFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganSmallCapCoreFund column period compact * ~</div> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2011</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>14.06%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2011</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;17.94%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 10.64%. </font></p> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2011-12-31 0.1406 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2011-09-30 -0.1794 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1064 <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund.</font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Dynamic Small Cap Growth Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b><br/><b>A/VSCOX; B/VSCBX; C/VSCCX; Select/JDSCX</b><br/><br/>Currently, the Fund is publicly offered on a limited basis. (See &#147;Purchasing Fund Shares &#151; What does it mean that the Dynamic Small Cap Growth Fund and the Small Cap Growth Fund are publicly offered on a limited basis?&#148; in the prospectus for more information.)</font> <font style="font-family:Arial Narrow" size="2">The Fund seeks capital growth over the long term.</font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 79 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i></font> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> 50000 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> 0.0525 0 0 0 0 0.05 0.01 0 <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the </b></font><br/><font style="font-family:Arial Narrow" size="1"><b>value of your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> 0.0065 0.0065 0.0065 0.0065 0.0025 0.0075 0.0075 0 0.0058 0.0058 0.0058 0.0057 0.0025 0.0025 <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> 0.0025 0.0025 0.0033 0.0033 0.0033 0.0032 <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> 0.0148 0.0198 0.0198 0.0122 0 0 0 -0.0012 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> 0.0148 0.0198 0.0198 0.011 <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 79 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i> </font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.</font> 668 701 301 112 968 921 621 375 1291 1268 1068 659 2201 2177 2306 1467 <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell Midcap</font><font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font><font style="font-family:Arial Narrow" size="2"> Index and the Lipper Mid-Cap Core Funds Index, an index based on the total returns of certain mutual funds within mid cap funds category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares is based on the performance of the Select Class Shares prior to their inception on 11/2/09. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i> </font> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> 668 201 201 112 968 621 621 375 1291 1068 1068 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganSmallCapEquityFund column period compact * ~</div> 659 2201 2177 2306 1467 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1596 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2438 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2009-09-30 0.1724 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganSmallCapEquityFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganSmallCapEquityFund column period compact * ~</div> -0.1339 0.3229 0.1936 0.0961 0.1424 0.0981 -0.3851 0.3418 0.2402 -0.018 <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> 0.63 <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 63% of the average value of its portfolio.</font> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>17.24%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;24.38%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 15.96%. </font></p> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations equal to those within the universe of the Russell 2000<sup>&reg;</sup> Growth Index and/or with market capitalizations of less than $3.5 billion at the time of purchase. As of the date of the last reconstitution of the Russell 2000 Growth Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. In implementing its main strategies, the Fund invests primarily in common stocks.</font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the Fund&#146;s adviser seeks to outperform the Fund&#146;s benchmark while maintaining a moderate risk profile. The adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. Growth companies purchased for the Fund include those with leading competitive positions, predictable and durable business models and management that can achieve sustained growth.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The adviser may sell a security for several reasons. A security may be sold due to a change in the company&#146;s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.</font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> 647 279 93 647 179 93 962 613 376 962 613 376 1299 1072 680 2250 2347 1544 1299 1072 680 2250 2347 1544 <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br /><br /> <div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Small Cap Company Risk. </i>Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Growth Investing Risk. </i> Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may trade at higher multiples of current earnings compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.<i> </i></font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Derivative Risk. </i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganSmallCapEquityFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganSmallCapEquityFund column period compact * ~</div> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell 2000<sup>&reg;</sup> Growth Index and Lipper Small-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i><br/><br/>The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.</font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell 2000<sup>&reg;</sup> Growth Index and Lipper Small-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2">The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.</font> -0.2277 0.3847 0.0982 0.0529 0.1516 0.1322 -0.4371 0.2737 0.3338 -0.0387 <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2010</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>18.90%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;26.98%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 13.69%. </font></p> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2010-12-31 0.189 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2698 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1369 <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary. </font> -0.0891 -0.0579 -0.0933 -0.0891 -0.0533 -0.0356 -0.0291 -0.034 -0.0028 -0.0063 -0.0031 -0.0018 0.0022 0.0119 0.0114 0.0209 0.0345 0.0289 0.0281 0.0351 0.034 0.0442 0.0448 0.0365 <font style="font-family:Arial Narrow" size="5">JPMorgan Small Cap Equity Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b><br/><b>A/VSEAX; B/VSEBX; C/JSECX; Select/VSEIX</b><br/><br/>Currently, the Fund is publicly offered on a limited basis. (See &#147;Purchasing Fund Shares &#151; What does it mean that the Small Cap Equity Fund is publicly offered on a limited basis?&#148; in the prospectus for more information.)</font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks capital growth over the long term. </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 79 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information</i>. </font> <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the </b></font><br/><font style="font-family:Arial Narrow" size="1"><b>value of your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganDynamicSmallCapGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganDynamicSmallCapGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganDynamicSmallCapGrowthFund column period compact * ~</div> 0.0525 0 0 0 0.01 0 <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of mid cap companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. Mid cap companies are companies with market </font><font style="font-family:Arial Narrow" size="2"> capitalizations equal to those within the universe of the Russell Midcap<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Index securities at the time of purchase. As of the last reconstitution of the Russell Midcap Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $1.4 billion to $17.4 billion. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs). </font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the adviser employs a bottom-up approach to stock selection, constructing portfolios based on company fundamentals, quantitative screening and proprietary fundamental analysis. The Fund focuses on mid-sized companies with increasing market share, strong earnings prospects and sustainable free cash flows as compared to their competitors. The Fund also looks for dominant franchises with predictable business models deemed capable of achieving sustained growth and undervalued companies with the potential to grow their intrinsic value per share. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The adviser may sell a security for several reasons. A security may be sold due to a change in the company&#146;s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity. </font> </p> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br/><br/><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font> </p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk.</i> Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Mid Cap Company Risk. </i>Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Real Estate Securities Risk. </i>The Fund&#146;s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> </p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell Midcap</font><font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font><font style="font-family:Arial Narrow" size="2"> Index and the Lipper Mid-Cap Core Funds Index, an index based on the total returns of certain mutual funds within mid cap funds category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. </font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.</font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> 0.0657 0.0532 0.0537 0.0592 0.0638 0.0699 0.056 0.0199 0.0102 0.0147 0.0075 0.0162 0.0141 0.0128 -0.018 -0.0188 -0.0106 -0.0727 -0.0362 -0.0155 -0.0565 <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Value Advantage Fund </font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b><b> A/JVAAX; C/JVACX; Select/JVASX </b></font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide long-term total return from a combination of income and capital gains. </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 79 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i> </font> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. </font> 50000 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> 0.0525 0 0 0 0.01 0 0.0065 0.0065 0.0065 0.0025 0.0075 0 0.0051 0.0051 0.0051 0.0025 0.0025 0.0025 0.0026 0.0026 0.0026 0.0002 0.0002 0.0002 0.0143 0.0193 0.0118 -0.0016 -0.0016 -0.0016 0.0127 0.0177 0.0102 <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> 648 280 104 939 591 359 1251 1027 634 2135 2241 1418 648 180 104 939 591 359 1251 1027 634 2135 2241 1418 <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 49% of the average value of its portfolio. </font> 0.49 <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2"> The Fund will invest primarily in equity securities across all market capitalizations. The Fund may at any given time invest a significant portion of its assets in companies of one particular market capitalization category, such as large-capitalization companies. Equity securities in which the Fund primarily invests include common stocks and real estate investment trusts (REITs). </font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> Investment Process: In managing the Fund, the adviser employs a bottom-up approach to stock selection, constructing portfolios based on company fundamentals and proprietary fundamental analysis. The adviser&#146;s aim is to identify undervalued companies that have the potential to grow their intrinsic values per share, and to purchase these companies at a discount. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> The adviser may sell a security for several reasons. A security may be sold due to a change in the company&#146;s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity. </font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br /><br /> <div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Smaller Cap Company Risk. </i>Because the Fund may invest in equity investments of companies across all market capitalizations, the Fund&#146;s risks increase as it invests more heavily in smaller companies (mid cap and small cap companies). Smaller companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Value Investing Risk. </i>A value stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company&#146;s value or the factors that the adviser believes will cause the stock price to increase do not occur. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Real Estate Securities Risk. </i>The Fund&#146;s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganDynamicSmallCapGrowthFundBarChart column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Class A Shares has varied from year to year for the past six calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund. The table compares that performance to the Russell 3000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Value Index and the Lipper Multi-Cap Value Funds Index, an index based on the total return of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i> </font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower. </font></p> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganDynamicSmallCapGrowthFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Class A Shares has varied from year to year for the past six calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund.</font> <font style="font-family:Arial Narrow" size="2"> The table compares that performance to the Russell 3000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Value Index and the Lipper Multi-Cap Value Funds Index, an index based on the total return of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. </font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. </font> <font style="font-family:Arial Narrow" size="2">The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganDynamicSmallCapGrowthFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1655 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2009-09-30 0.224 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2377 0.2201 0.0291 -0.3578 0.3507 0.2022 0.0111 <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> -0.0421 -0.0437 -0.0253 -0.0039 0.0137 -0.001 -0.0412 0.0056 0.0003 0.0028 0.0114 0.0191 -0.0258 -0.0302 0.0446 0.0393 0.0364 0.0477 0.0556 0.0185 0.0091 <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> 2005-02-28 2005-02-28 2005-02-28 2005-02-28 2005-02-28 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganMidCapEquityFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganMidCapEquityFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganValueAdvantageFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganValueAdvantageFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganMidCapEquityFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganValueAdvantageFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganMidCapEquityFund column period compact * ~</div> 0.006 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganValueAdvantageFund column period compact * ~</div> 0 0.0039 0.0005 0.0034 0.0001 0.01 0.0081 -0.0019 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganMidCapEquityFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganValueAdvantageFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganValueAdvantageFund column period compact * ~</div> 0.0065 0.0065 0.0065 0.0025 0.0075 0 0.0064 0.0063 0.0065 0.0025 0.0025 0.0025 0.0039 0.0038 0.004 0.0001 0.0001 0.0001 83 0.0155 0.0204 0.0131 299 534 -0.0029 -0.0028 -0.004 1207 0.0126 0.0176 0.0091 83 299 534 1207 <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Dynamic Growth Fund</font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks long-term capital growth.</font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="2"><b>WHETHER OR NOT YOU SELL YOUR SHARES, YOUR<br/>COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>WHETHER OR NOT YOU SELL YOUR SHARES, YOUR<br/>COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 99% of the average value of its portfolio. </font> 0.99 <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganMidCapEquityFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests in a focused portfolio of equity securities of large capitalization companies. Large cap companies are companies with market capitalizations equal to those within the universe of the Russell 1000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Growth Index at the time of purchase. Typically, the Fund invests in common stocks of companies with a history of above-average growth or companies expected to enter periods of above-average growth. Although the Fund will invest primarily in equity securities of U.S. companies, it may invest up to 20% of its total assets in foreign securities, including depositary receipts. </font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund is non-diversified. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: The Fund&#146;s adviser will utilize a combination of qualitative analysis and quantitative metrics in order to seek to achieve target returns which are higher than the Fund&#146;s benchmark while attempting to maintain a moderate risk profile. In managing the Fund, the adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. The adviser looks for companies with leading competitive positions, predictable and durable business models and management that can achieve sustained growth. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The adviser may sell a security for several reasons. The adviser may sell a security due to a change in the company&#146;s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be reasonably valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity. </font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan U.S. Small Company Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker: A/JTUAX; C/JTUCX; Select/JSCSX</b></font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide high total return from a portfolio of small company stocks.</font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 79 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information.</i></font> <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>22.40% </b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;23.77% </b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 16.55%. </font></p> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.</font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 74% of the average value of its portfolio.</font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap U.S. companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations similar to those within the universe of the Russell 2000<sup>&reg;</sup> Index at the time of purchase. As of the last reconstitution of the Russell 2000 Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. Sector by sector, the Fund&#146;s weightings are similar to those of the Russell 2000<sup>&reg;</sup> Index. The Fund can moderately underweight or overweight sectors when it believes it will benefit performance. The Fund pursues returns that exceed those of the Russell 2000<sup>&reg;</sup> Index while seeking to limit its volatility relative to this index. In implementing its main strategies, the Fund&#146;s investments are primarily in common stocks and real estate investment trusts (REITs).</font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the adviser employs a process that ranks stocks based on its proprietary stock ranking system. The rankings are then reviewed and adjusted utilizing fundamental research conducted by the investment team to enhance accuracy and consistency. The adjusted rankings are used to place stocks into portfolios. In general, stocks are purchased when they are among the top ranked within their sector. Stocks become candidates for sale when their ranking falls, when they appear unattractive or when the company is no longer a small cap company. The Fund may continue to hold the securities if it believes further substantial growth is possible. Risk factor exposures are managed through portfolio construction. Portfolio constraints control for sector weights, position sizes and/or style characteristics of the Fund.</font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met.</font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.</font></p></div><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Small Cap Company Risk. </i>Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Real Estate Securities Risk. </i>The Fund&#146;s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Derivative Risk. </i>Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the performance of the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell 2000<sup>&reg;</sup> Index and the Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance in the table for Class A and Class C Shares is based on the performance of Select Class Shares prior to their inception on 11/1/07. The actual returns of Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i></font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk.</i> Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Growth Investing Risk.</i> Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may trade at higher multiples of current earnings, compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Foreign Securities Risk. </i>Investments in foreign issuers are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Non-Diversified Fund Risk. </i>Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund&#146;s shares being more sensitive to economic results among those issuing the securities. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>High Portfolio Turnover Risk. </i>The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">2nd quarter, 2003</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>22.89%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;26.85%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 17.65%. </font></p> <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> 50000 0.74 <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the performance of the average annual total returns over the past one year, five years and ten years.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell 2000<sup>&reg;</sup> Index and the Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2003-06-30 0.2289 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> 2008-12-31 <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> -0.2685 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1765 <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Class R5 Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund. The table compares that performance to the Russell 1000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Subsequent to the inception of the Fund on 11/30/07 until 8/6/10, the Fund did not experience any shareholder purchase and sale activity. If such shareholder activity had occurred, the Fund&#146;s performance may have been impacted. Unlike the other index, the Lipper index does include the expense of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i> </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> -0.2048 0.3972 0.1373 0.0393 0.1578 -0.0655 -0.3427 0.3464 0.2688 -0.0386 0.0525 0 0 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.2063 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2010-09-30 0.1582 0 0.01 0 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2466 0.006 0.006 -0.4204 0.006 0.4356 0.1938 0.0025 0.0075 0 -0.0452 0.0074 0.0075 0.0075 0.0025 0.0025 0.0025 0.0049 0.005 0.005 0.0001 0.0001 0.0001 0.016 0.0211 0.0136 -0.0033 -0.0034 -0.0034 0.0127 0.0177 0.0102 <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2010</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>15.82%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;24.66%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 20.63%. </font></p> 648 <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> 280 104 973 628 397 <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For the period ended December 31, 2011)</b></font> 1321 1103 712 <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> 2299 2415 1606 <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="font-family:Arial Narrow" size="2"><i>Non-Diversified Fund Risk. </i>Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund&#146;s shares being more sensitive to economic results among those issuing the securities. </font> 648 180 104 973 628 397 1321 1103 712 2299 2415 1606 -0.0386 -0.039 -0.0245 -0.0908 -0.0553 -0.0418 -0.0381 0.0018 -0.0076 0.0007 -0.0112 -0.0045 0.0015 0.0132 0.0437 0.0324 0.0364 0.0369 0.0405 0.0562 0.0581 <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Class R5 Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell 1000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganU.S.SmallCompanyFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganU.S.SmallCompanyFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganU.S.SmallCompanyFund column period compact * ~</div> -0.0452 -0.0452 -0.0294 0.0264 -0.029 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganU.S.SmallCompanyFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganU.S.SmallCompanyFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganU.S.SmallCompanyFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 27% of the average value of its portfolio.</font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations equal to those within the universe of the Russell 2000<sup>&reg;</sup> Index stocks at the time of purchase. As of the last reconstitution of the Russell 2000 Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. In implementing its main strategies, the Fund invests primarily in common stocks.</font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the adviser employs a fundamental bottom-up investment process. The adviser seeks to invest in companies with leading competitive advantages, predictable and durable business models and sustainable free cash flow generation with management committed to increasing intrinsic value.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The adviser may sell a security for several reasons. A security may be sold due to a change in the company&#146;s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity. </font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br /><br /> <div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.</font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Small Cap Company Risk. </i>Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund.</font></p></div> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell 2000<sup>&reg;</sup> Index and the Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class C Shares prior to their inception on 2/19/05 is based on the performance of Class B Shares of the Fund, whose expenses are substantially similar to those of Class C Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.</i><br/><br/>The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.</font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">2nd quarter, 2009</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>17.65%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;18.88%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 15.44%. </font></p> <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> 0.0525 0 0 0 0 0.05 0.01 0 0.0065 0.0065 0.0065 0.0065 0.0025 0.0075 0.0075 0 0.0051 0.0051 0.0051 0.0051 0.0025 0.0025 0.0025 0.0025 0.0026 0.0026 0.0026 0.0026 0.0001 0.0001 0.0001 0.0001 0.0142 0.0192 0.0192 0.0117 -0.0011 -0.0011 -0.0011 -0.0016 0.0131 0.0181 0.0181 0.0101 651 684 284 103 941 892 592 <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 55% of the average value of its portfolio. </font> 356 1251 1227 1027 628 2129 2105 2234 1406 <font style="font-family:Arial Narrow" size="2">The Fund&#146;s objective is long-term capital growth. </font> 10/31/13 50000 <font style="FONT-FAMILY: Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> 0.55 <font style="font-family:Arial Narrow" size="5"><a name="toc377231_6"></a>JPMorgan Mid Cap Equity Fund </font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker: A/JCMAX; C/JMCCX; Select/VSNGX </b></font> <font style="font-family:Arial Narrow" size="2">Effective 10/31/12, the Fund&#146;s benchmark changed from the S&amp;P 500 Index to the MSCI World Index to better reflect the Fund&#146;s investment strategies and asset allocation. At that time, the model allocation in the Diversified Composite Benchmark was also revised and the MSCI World Index replaced the S&amp;P 500 Index.</font> 651 184 184 103 941 592 592 356 1251 1027 1027 628 2129 2105 2234 1406 -0.0277 -0.0395 -0.0114 -0.029 0.0111 0.0292 -0.0418 -0.0381 0.0398 0.0332 0.0318 0.0424 0.0458 0.0542 0.0015 0.0132 0.0868 0.0779 0.0738 0.0876 0.0864 0.097 0.0562 0.0581 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganSmallCapEquityFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> 50000 <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund.</font> <font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font> <font style="font-family:Arial Narrow" size="2">The bar chart shows how the performance of the Fund&#146;s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years.</font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell 2000<sup>&reg;</sup> Index and the Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.</font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com</i></font> <font style="font-family:Arial Narrow" size="2"> <i>1-800-480-4111</i></font> 0.27 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2009-06-30 0.1765 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.1888 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1544 -0.173 0.3637 0.2613 0.1239 0.1831 0.0355 -0.2728 0.3176 0.26 0.0261 <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.</font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary.</font> <font style="font-family:Arial Narrow" size="2">The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.</font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganDynamicGrowthFundClassR5 column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganDynamicGrowthFundClassR5 column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganDynamicGrowthFundClassR5 column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganDynamicGrowthFundClassR5BarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganEquityFocusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganEquityFocusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganEquityFocusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganDynamicGrowthFundClassR5 column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganEquityFocusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganU.S.LargeCapCorePlusFundII column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganU.S.LargeCapCorePlusFundII column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganU.S.LargeCapCorePlusFundII column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganU.S.LargeCapCorePlusFundII column period compact * ~</div> -0.0106 -0.0107 -0.0091 0.002 -0.0233 <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Quantitative Large Cap Plus Fund </font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b><br/><b>R2/JQGZX; R5/JQGRX; R6/* </b></font><br/><br/><font style="font-family:Arial Narrow" size="1">*</font><font style="font-family:Arial Narrow" size="1">The Share Class does not have an exchange ticker symbol because it currently is not offered to the general public. </font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide total return. </font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Equity Focus Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker: A/JPFAX; C/JPFCX; Select/JPFSX</b></font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks long term capital appreciation. </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 25 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information</i>. </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </font> 2007-11-30 2007-11-30 2007-11-30 <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> 0.0075 0.0075 0.0075 0.005 0 0 0.0124 0.0104 0.0099 0.0068 0.0068 0.0068 0.0025 0.0005 0 0.0031 0.0031 0.0031 0.0249 0.0179 0.0174 -0.0061 -0.0051 -0.0051 0.0188 0.0128 0.0123 0.0525 0 0 0 0.01 0 0.0065 0.0065 0.0065 <font style="font-family:Arial Narrow" size="1">&#147;Other Expenses&#148; are based on estimated amounts for the current fiscal year.</font> 0.0025 0.0075 0 0.0419 0.0418 0.0419 0.0025 0.0025 0.0025 0.0394 0.0393 0.0394 0.0001 0.0001 0.0001 0.051 0.0559 -0.0384 -0.0383 -0.0384 0.0485 <font style="font-family:Arial Narrow" size="2">10/31/13</font> 0.0126 0.0176 0.0101 <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2"><b>WHETHER OR NOT YOU SELL YOUR SHARES, YOUR<br/>COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>WHETHER OR NOT YOU SELL YOUR SHARES, YOUR<br/>COST WOULD BE:</b></font> 191 130 125 717 514 498 191 130 125 717 514 498 <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#146;s performance. </font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund will invest primarily in long and short positions of equity securities issued by large capitalization companies and intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value).</font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Under normal circumstances, at least 80% of the value of the Fund&#146;s Assets, which are expected to include both long and short positions, will consist of securities of publicly traded large capitalization securities. Large capitalization securities are those equity securities of companies with market capitalizations similar to those within the universe of the S&amp;P 500 Index at the time of purchase. Equity securities in which the Fund invests significantly are common stocks of U.S. companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">&#147;Plus&#148; in the Fund&#146;s name refers to the additional return the Fund endeavors to add both relative to the S&amp;P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund&#146;s net exposure to the market at a level similar to a traditional &#147;long only&#148; strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The long and short positions held by the Fund will vary in size as market opportunities change. The Fund&#146;s long positions and their equivalents will range between 90% and 150% of the value of the Fund&#146;s net assets. The Fund&#146;s short positions will range between 0% and 50% of the value of the Fund&#146;s net assets. In rising markets, the Fund expects that the long positions will appreciate more rapidly than the short positions, and in declining markets, the Fund expects the value of the short positions will decline faster than the long positions. As a result, in declining markets, the Fund expects that it will be able to close out its short positions at a lower cost resulting in additional gain to the Fund. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund intends to invest in a variety of equity securities and, ordinarily, no single equity exposure is expected to make up more than 5% of the gross long exposure except that companies with large weights in the Fund&#146;s benchmark may be held as overweights in the Fund, resulting in positions of greater than 5% in those securities. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: The adviser&#146;s investment process is based upon a quantitative multi-factor model with a qualitative over- lay. The adviser uses its quantitative multi-factor model to collect quantitative and fundamental investment data designed to evaluate the relative attractiveness of stocks. The quantitative multi-factor model puts an emphasis on valuation drivers and growth drivers. The valuation drivers include factors such as discounted cash flows and price-to-book values and the growth drivers include factors such as revisions of earning estimates and earnings growth rates. The adviser generally buys long positions in securities that are ranked favorably by its quantitative multi-factor model and sells short securities that are ranked unfavorably. The adviser generally sells long positions in securities that are no longer favorably ranked and covers short positions in securities that are no longer unfavorably ranked. The adviser may also buy, sell, sell short and cover short positions in securities that it views as similarly ranked. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">In constructing the Fund&#146;s portfolio, the adviser employs a bottom up stock selection process in combination with its qualitative overlay to determine the weights of each model factor and the risk posture of the Fund. The adviser may invest across different industries and sectors targeting both value-and growth-oriented domestic companies. Viewed sector by sector, the Fund&#146;s net weightings of equity securities will generally be similar to those of its benchmark index, the S&amp;P 500 Index. The adviser uses its qualitative analysis to over and underweight sectors, industries and stocks versus the S&amp;P 500 Index. Sector and industry positioning is used to enhance returns and for risk management.</font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Growth and Income Fund</font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b><br/><b>A/VGIRX; B/VINBX; C/VGICX; Select/VGIIX</b></font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide capital growth over the long-term and to earn income from dividends. </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Fund &#151; SALES CHARGES&#148; on page 16 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information</i>. </font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met.</font><br /><br /> <div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.</font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Strategy Risk. </i>There is no guarantee that the use of long and short positions will succeed in limiting the Fund&#146;s exposure to domestic stock market movements, capitalization, sector swings or other risk factors. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Short Selling Risk. </i>The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund&#146;s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser&#146;s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>High Portfolio Turnover Risk. </i>The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">The Fund has not operated for a calendar year as of the date of this prospectus. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of a Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> 0.0525 0 0 0 <font style="font-family:Arial Narrow" size="2">The Fund has not operated for a calendar year as of the date of this prospectus. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. </font> 0 0.05 0.01 0 <font style="font-family:Arial Narrow" size="2"> Although past performance of a Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal period (July 29, 2011 through June 30, 2012), the Fund&#146;s portfolio turnover rate was 71% of the average value of its portfolio. </font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> 0.71 <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> 0.004 0.004 0.004 0.004 0.0025 0.0075 0.0075 0 50000 0.0054 0.0055 0.0054 0.0054 0.0025 0.0025 0.0025 0.0025 0.0029 0.003 0.0029 0.0029 0.0119 0.017 0.0169 0.0094 0 0 0 -0.0004 <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> 0.0119 0.017 0.0169 0.009 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganQuantitativeLargeCapPlusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganQuantitativeLargeCapPlusFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganQuantitativeLargeCapPlusFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="2">The Fund is a non-diversified equity portfolio which is normally managed as a core portfolio, but which has the ability to proactively invest more heavily in either growth or value securities depending on market conditions and the convictions of the adviser. The Fund invests in a limited number of U.S. equity securities, generally not more than 40. In choosing securities, the Fund seeks to invest in companies with one or more of the following characteristics: </font><ul><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">A durable franchise</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">A sustainable competitive position relative to its peers</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">A market leader</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">A strong management team focused on increasing shareholder value</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">A strong balance sheet.</font></li></ul><font style="font-family:Arial Narrow" size="2">The size of the allocation of the Fund to growth and value securities will vary based on market conditions, and the convictions of the adviser each ranging from 35% to 65% of the equity investments in the Fund.</font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. The Fund typically invests in equity securities with market capitalizations of $1 billion or more. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its assets in common stocks of foreign companies, including depositary receipts.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">If the Fund&#146;s portfolio managers cannot find attractive investments, the Fund may invest up to 20% of its assets in cash and cash equivalents until appropriate investments are identified.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the portfolio managers employ a process that combines research, valuation and stock selection.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">In selecting growth stocks, the adviser focuses on companies whose revenue growth potential is underappreciated by investors, specifically looking for companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. These companies have one or more of the following characteristics:</font></p><ul><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">A favorable supply/demand imbalance for the company&#146;s product or service</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">Underappreciated growth opportunities</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">Differentiated business model</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">Ability to gain market share</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">Growth opportunities in emerging industries or those that emerge from industry changes</font></li></ul><font style="font-family:Arial Narrow" size="2">In selecting value stocks, the adviser seeks to invest in companies which have durable franchises and which appear to be undervalued and have the ability to grow intrinsic value per share. Companies with durable franchises generally have a sustainable competitive position relative to peers, high returns on capital, a diversified client or asset base and a strong brand.</font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The adviser may sell a security due to a change in the company&#146;s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be attractively valued. Investments may also be sold if a portfolio manager identifies a stock that he believes offers a better investment opportunity or to reallocate the Fund&#146;s assets between growth and value securities.</font></p> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> 50000 <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> 640 673 272 92 883 836 533 296 1145 1123 918 516 1892 1874 1998 1151 640 173 172 92 883 536 533 296 1145 923 918 516 1892 1874 1998 1151 <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met.</font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.</font></p></div><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Non-Diversified Fund Risk. </i>The Fund is non-diversified and typically invests in no more than 40 securities. This increased concentration in fewer issuers may result in the Fund&#146;s shares being more sensitive to economic results of those issuing the securities. The value of the Fund&#146;s shares may also be more volatile than the value of a Fund which invests in more securities.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Strategy Risk. </i>Although the Fund is normally managed as a core portfolio, it may invest more heavily in either growth or value securities depending on market conditions and the convictions of the adviser.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">If the Fund invests more heavily in growth securities, it will be more subject to risks related to growth investing. Specifically, growth stocks may trade at higher multiples of current earnings compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">If the Fund invests more heavily in value securities, it will be more subject to risks related to value investing. Specifically, a value stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company&#146;s value or the factors that the adviser believes will cause the stock price to increase do not occur.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Smaller Cap Company Risk. </i>Investments in companies with capitalizations as low as $1 billion may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Foreign Securities Risk</i>. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Real Estate Securities Risk. </i>The Fund&#146;s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit- worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Derivatives Risk. </i>Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2"><i>Non-Diversified Fund Risk. </i>The Fund is non-diversified and typically invests in no more than 40 securities. This increased concentration in fewer issuers may result in the Fund&#146;s shares being more sensitive to economic results of those issuing the securities. The value of the Fund&#146;s shares may also be more volatile than the value of a Fund which invests in more securities.</font> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">The Fund commenced operations on July 29, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund. </font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Dynamic Growth Fund</font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks long-term capital growth. </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2"><i></i>The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 25 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information. </i></font> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. </font> 50000 0.0525 0 647 279 103 0 0.01 1648 1326 1113 2648 2460 2126 4673 5237 5138 <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value of your</b></font><br/><font style="font-family:Arial Narrow" size="1"><b> investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide a high total return from a portfolio of selected equity securities</font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> 0.006 0.006 <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 25 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information</i>. </font> 0.0025 0.0075 0.0059 0.0059 0.0025 647 0.0025 179 103 1648 1326 1113 0.0034 0.0034 2648 2460 2126 0.0001 0.0001 5138 5237 4673 0.0145 0.0195 -0.0019 -0.0019 0.0126 0.0176 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> <font style="font-family:Arial Narrow" size="2">You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.</font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> 647 279 942 594 1258 1035 <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> 647 179 942 594 1258 1035 <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal period (October 3, 2011 through June 30, 2012), the Fund&#146;s portfolio turnover rate (including short sales) was 80% of the average value of its portfolio. </font> 0.8 <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 99% of the average value of its portfolio. </font> 0.99 <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2"> Under normal circumstances, the Fund invests in a focused portfolio of equity securities of large capitalization companies. Large cap companies are companies with market capitalizations equal to those within the universe of the Russell 1000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Growth Index at the time of purchase. Typically, the Fund invests in common stocks of companies with a history of above-average growth or companies expected to enter periods of above-average growth. Although the Fund will invest primarily in equity securities of U.S. companies, it may invest up to 20% of its total assets in foreign securities, including depositary receipts.</font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> The Fund is non-diversified. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> Investment Process: The Fund&#146;s adviser will utilize a combination of qualitative analysis and quantitative metrics in order to seek to achieve target returns which are higher than the Fund&#146;s benchmark while attempting to maintain a moderate risk profile. In managing the Fund, the adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. The adviser looks for companies with leading competitive positions, predictable and durable business models and management that can achieve sustained growth. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> The adviser may sell a security for several reasons. The adviser may sell a security due to a change in the company&#146;s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be reasonably valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.</font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> 0.0525 0 0 0 0.01 0 <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met.</font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>General Market Risk</i>. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Growth Investing Risk.</i> Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may also trade at higher multiples of current earnings, compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Foreign Securities Risk. </i>Investments in foreign issuers are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Non-Diversified Fund Risk. </i>Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund&#146;s shares being more sensitive to economic results among those issuing the securities. </font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>High Portfolio Turnover Risk. </i>The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"> <i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2"><i>Non-Diversified Fund Risk. </i>Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund&#146;s shares being more sensitive to economic results among those issuing the securities. </font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Class A Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund. The table compares that performance to the Russell 1000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Subsequent to the inception of the Fund on 11/30/07 until 8/6/10, the Fund did not experience any shareholder purchase and sale activity. If such shareholder activity had occurred, the Fund&#146;s performance may have been impacted. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111. </font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance would have been lower. </font></p> <font style="font-family:Arial Narrow" size="2">The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance would have been lower. </font> <font style="font-family:Arial Narrow" size="2"> The bar chart shows how the performance of the Fund&#146;s Class A Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund. </font> <font style="font-family:Arial Narrow" size="2">The table compares that performance to the Russell 1000<font style="font-family:Arial Narrow" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</sup></font> Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund&#146;s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. </font> <font style="font-family:Arial Narrow" size="2"> Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. </font> <font style="font-family:Arial Narrow" size="2"> 1-800-480-4111</font> <font style="font-family:Arial Narrow" size="2"> www.jpmorganfunds.com </font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> -0.423 0.4284 0.1885 -0.0493 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.203 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2010-09-30 0.1573 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2474 <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For the period ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Class A Shares, and after-tax returns for the other class will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Class A Shares, and after-tax returns for the other class will vary. </font> <font style="font-family:Arial Narrow" size="2"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. </font> <font style="font-family:Arial Narrow" size="2"> Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> -0.0991 -0.0991 -0.0644 -0.0641 0.0264 -0.029 -0.028 -0.0281 -0.0237 -0.02 0.002 -0.0233 2007-11-30 2007-11-30 2007-11-30 2007-11-30 2154 2259 2154 2259 <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">3rd quarter, 2010</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>15.73%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;24.74%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 20.30%. </font></p> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganDynamicGrowthFundClassAC column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganDynamicGrowthFundClassAC column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganDynamicGrowthFundClassAC column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganDynamicGrowthFundClassAC column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganDynamicGrowthFundClassACBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganDynamicGrowthFundClassAC column period compact * ~</div> <font style="font-family:Arial Narrow" size="5">JPMorgan U.S. Large Cap Core Plus Fund II </font> 0.01 0.01 0.01 0.0025 0.0075 0 0.0441 0.0439 0.0443 0.0045 0.0045 0.0045 0.0025 0.0025 0.0025 0.0371 0.0369 0.0373 0.0566 0.0614 0.0543 -0.0396 -0.0394 -0.0398 0.017 0.022 0.0145 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> <font style="font-family:Arial Narrow" size="2">In seeking to meet its objectives, the Fund will 1) take long and short positions in equity securities of U.S. large-cap companies in an effort to increase the Fund&#146;s return relative to the S&amp;P 500 Index, the Fund&#146;s benchmark, and to traditional large-cap strategies which do not have the ability to sell stock short, while keeping the Fund&#146;s net exposure to the equity market at a level similar to a traditional &#147;long-only&#148; strategy, and 2) manage both its long and short positions in a manner that seeks to maximize after-tax return. In combining these approaches, the Fund not only endeavors to outperform traditional &#147;long-only&#148; strategies, but also &#147;long-only&#148; tax aware strategies.</font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Under normal circumstances, at least 80% of the value of the Fund&#146;s Assets, which are expected to include both long and short positions, will consist of equity securities of large capitalization U.S. companies. Large capitalization companies are companies with market capitalizations of at least $4 billion at the time of purchase. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. These equity securities will be selected from the universe of publicly traded securities with characteristics similar to those of large capitalization companies in the S&amp;P 500 Index. In implementing its strategies, the Fund invests primarily in common stocks of U.S. companies, but may also invest up to 20% of its Assets in common stocks of foreign companies, including depositary receipts.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">&#147;Plus&#148; in the Fund&#146;s name refers to the additional return the Fund endeavors to add both relative to the S&amp;P 500 Index, as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund&#146;s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping its net exposure to the market at a level similar to a traditional &#147;long-only&#148; strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However, the long and short positions held by the Fund will vary in size as market opportunities change. The Fund&#146;s long positions and their equivalents will range between 90% and 150% of the value of the Fund&#146;s net assets. The Fund&#146;s short positions will range between 0% and 50% of the value of the Fund&#146;s net assets.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">In implementing its secondary objective of maximizing after-tax return, the Fund employs a number of tax aware strategies and seeks to minimize shareholder&#146;s tax liability in connection with the Fund&#146;s distribution of realized capital gain by minimizing the net gain available for distribution. The Fund typically sells securities when the anticipated performance benefit justifies the resulting gain. This strategy often includes minimizing the sale of securities with large unrealized gains, holding securities long enough to avoid short-term capital gains, endeavoring to sell securities with a high cost basis first and offsetting capital gains realized in one security by selling another security at a capital loss. Because the Fund also has the ability to short securities, it can implement additional tax-aware strategies that have the potential to increase the after-tax benefits to shareholders. These include the ability to realize additional capital losses regardless of market conditions and to net dividend expenses associated with the Fund&#146;s short positions against the Fund&#146;s dividend income. If the Fund distributes net investment income, the Fund will seek to maximize its ability to distribute dividends designated as qualified dividend income (which is taxed at the lower long-term capital gains rate rather than at the higher tax rate for ordinary income (for non-corporate shareholders)). However, it is possible that a portion of the Fund&#146;s distributions will be taxed as ordinary income.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years which is designed to provide insight into a company&#146;s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as: </font></p><ul><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">catalysts that could trigger a rise in a stock&#146;s price</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">high perceived potential reward compared to perceived potential risk</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">possible temporary mispricings caused by apparent market overreactions</font></li></ul> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> 689 323 148 1789 1471 1267 2876 2691 2377 5111 5621 5529 689 223 143 1789 1471 1267 2876 2691 2377 5529 5621 5111 <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met.</font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.</font></p></div><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Short Selling Risk. </i>The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund&#146;s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser&#146;s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Tax Aware Investing Risk. </i>The Fund&#146;s tax aware strategies may reduce your taxable income, but will not eliminate it. These strategies may require trade-offs that reduce pretax income.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2">Managing the Fund to maximize after-tax returns may also potentially have a negative effect on the Fund&#146;s performance. Because tax consequences are considered in managing the Fund, the Fund&#146;s pre-tax performance may be lower than that of a similar fund that is not tax-managed.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Foreign Securities Risk</i>. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Derivatives Risk. </i>Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.</font></p><p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities held long (or appreciating prices of securities held short), or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="font-family:Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">The Fund commenced operations on October 3, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of the Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund. </font> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan Quantitative Large Cap Plus Fund </font><br/><br/><font style="font-family:Arial Narrow" size="2"><b>Class/Ticker:</b><b> A/*; C/*; Select/JQGSX </b></font><br/><br/><font style="font-family:Arial Narrow" size="1">*</font><font style="font-family:Arial Narrow" size="1">The Share Classes do not have exchange ticker symbols because they currently are not offered to the general public.</font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide total return. </font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. <i>More information about these and other discounts is available from your financial intermediary and in &#147;How to Do Business with the Funds &#151; SALES CHARGES&#148; on page 15 of the prospectus and in &#147;PURCHASES, REDEMPTIONS AND EXCHANGES&#148; in Appendix A to Part II of the Statement of Additional Information. </i></font> <font style="font-family:Arial Narrow" size="2"> You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. </font> 50000 <font style="font-family:Arial Narrow" size="2"><b>SHAREHOLDER FEES </b></font><font style="font-family:Arial Narrow" size="1"><b>(Fees paid directly from your investment)</b></font> 0.0525 0 0 0 0.01 0 <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> 0.0075 0.0075 0.0075 0.0025 0.0075 0 0.0124 0.0124 0.0124 0.0068 0.0068 0.0068 0.0025 0.0025 0.0025 0.0031 0.0031 0.0031 0.0224 0.0274 0.0199 -0.0061 -0.0061 -0.0051 0.0148 0.0213 0.0163 50000 <font style="font-family:Arial Narrow" size="2">10/31/13</font> <font style="font-family:Arial Narrow" size="1">&#147;Other Expenses&#148; are based on estimated amounts for the current fiscal year. </font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>IF YOU DO NOT SELL YOUR SHARES, YOUR COST<br/>WOULD BE:</b></font> 682 316 151 1113 793 575 682 216 151 1113 793 575 <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund&#146;s performance. </font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund will invest primarily in long and short positions of equity securities issued by large capitalization companies and intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). </font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Under normal circumstances, at least 80% of the value of the Fund&#146;s Assets, which are expected to include both long and short positions, will consist of securities of publicly traded large capitalization securities. Large capitalization securities are those equity securities of companies with market capitalizations similar to those within the universe of the S&amp;P 500 Index at the time of purchase. Equity securities in which the Fund invests significantly are common stocks of U.S. companies. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">&#147;Plus&#148; in the Fund&#146;s name refers to the additional return the Fund endeavors to add both relative to the S&amp;P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund&#146;s net exposure to the market at a level similar to a traditional &#147;long only&#148; strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The long and short positions held by the Fund will vary in size as market opportunities change. The Fund&#146;s long positions and their equivalents will range between 90% and 150% of the value of the Fund&#146;s net assets. The Fund&#146;s short positions will range between 0% and 50% of the value of the Fund&#146;s net assets. In rising markets, the Fund expects that the long positions will appreciate more rapidly than the short positions, and in declining markets, the Fund expects the value of the short positions will decline faster than the long positions. As a result, in declining markets, the Fund expects that it will be able to close out its short positions at a lower cost resulting in additional gain to the Fund. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund intends to invest in a variety of equity securities and, ordinarily, no single equity exposure is expected to make up more than 5% of the gross long exposure except that companies with large weights in the Fund&#146;s benchmark may be held as overweights in the Fund, resulting in positions of greater than 5% in those securities.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: The adviser&#146;s investment process is based upon a quantitative multi-factor model with a qualitative overlay. The adviser uses its quantitative multi-factor model to collect quantitative and fundamental investment data designed to evaluate the relative attractiveness of stocks. The quantitative multi-factor model puts an emphasis on valuation drivers and growth drivers. The valuation drivers include factors such as discounted cash flows and price-to-book values and the growth drivers include factors such as revisions of earning estimates and earnings growth rates. The adviser generally buys long positions in securities that are ranked favorably by its quantitative multi-factor model and sells short securities that are ranked unfavorably. The adviser generally sells long positions in securities that are no longer favorably ranked and covers short positions in securities that are no longer unfavorably ranked. The adviser may also buy, sell, sell short and cover short positions in securities that it views as similarly ranked. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">In constructing the Fund&#146;s portfolio, the adviser employs a bottom up stock selection process in combination with its qualitative overlay to determine the weights of each model factor and the risk posture of the Fund. The adviser may invest across different industries and sectors targeting both value-and growth-oriented domestic companies. Viewed sector by sector, the Fund&#146;s net weightings of equity securities will generally be similar to those of its benchmark index, the S&amp;P 500 Index. The adviser uses its qualitative analysis to over and underweight sectors, industries and stocks versus the S&amp;P 500 Index. Sector and industry positioning is used to enhance returns and for risk management.</font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br /><br /> <div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.</font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>General Market Risk. </i>Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Strategy Risk. </i>There is no guarantee that the use of long and short positions will succeed in limiting the Fund&#146;s exposure to domestic stock market movements, capitalization, sector swings or other risk factors. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Short Selling Risk. </i>The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund&#146;s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser&#146;s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>High Portfolio Turnover Risk. </i>The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.</font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">The Fund has not operated for a calendar year as of the date of this prospectus. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of a Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2">The Fund has not operated for a calendar year as of the date of this prospectus. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. </font> <font style="font-family:Arial Narrow" size="2"> Although past performance of a Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund. </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganQuantitativeLargeCapPlusFundClassACSelectClass column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganQuantitativeLargeCapPlusFundClassACSelectClass column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganQuantitativeLargeCapPlusFundClassACSelectClass column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganQuantitativeLargeCapPlusFundClassACSelectClass column period compact * ~</div> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal year, the Fund&#146;s portfolio turnover rate was 28% of the average value of its portfolio. </font> 0.28 <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2">Under normal circumstances, the Fund invests at least 80% of its Assets in common stocks. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. The Fund&#146;s adviser applies an active equity management style focused on identifying attractively valued stocks given their growth potential over a long-term time horizon. The securities held by the Fund will predominantly be of companies with market capitalizations similar to those within the universe of S&amp;P 500/Citigroup Value Index stocks. </font> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">While common stocks are the Fund&#146;s primary investment, the Fund may also invest significantly in real estate investment trusts (REITs) and depositary receipts. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the adviser will emphasize companies which are leaders within their sectors. The Fund will also emphasize companies with attractive valuations and low price-to-cash flows ratios. The Fund will seek to earn income by investing in companies that display, or have the potential for displaying, level or rising dividends. The adviser employs a bottom-up approach to stock selection, constructing portfolios based on company fundamentals, quantitative screening and proprietary fundamental analysis. The adviser looks for undervalued companies with durable franchises, strong management and the ability to grow their intrinsic value per share. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The adviser may sell a security for several reasons. A security may be sold due to a change in the company&#146;s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.</font></p> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br /><br /> <div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font></p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Equity Market Risk.</i> The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>General Market Risk</i>. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Strategy Risk.</i> An undervalued stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company&#146;s value or the factors that the adviser believes will cause the stock price to increase do not occur.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Mid Cap Company Risk.</i> Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Derivative Risk.</i> Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Foreign Securities Risk.</i> To the extent that the Fund invests in depositary receipts, such investments are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Real Estate Securities Risk.</i> The Fund&#146;s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"> <i>Redemption Risk.</i> The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font></p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="FONT-FAMILY: Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.</font> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund&#146;s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the S&amp;P 500/Citigroup Value Index, and the Lipper Large-Cap Value Funds Index and Lipper Large-Cap Core Funds Index, both of which are indexes based on the total returns of certain large cap mutual funds as determined by Lipper. Unlike the other index, the Lipper indexes include the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. <i>Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111. </i><br/><br/>The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower. </font> <font style="font-family:Arial Narrow" size="2"> The bar chart shows how the performance of the Fund&#146;s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. </font> <font style="font-family:Arial Narrow" size="2"> The table compares that performance to the S&amp;P 500/Citigroup Value Index, and the Lipper Large-Cap Value Funds Index and Lipper Large-Cap Core Funds Index, both of which are indexes based on the total returns of certain large cap mutual funds as determined by Lipper. Unlike the other index, the Lipper indexes include the expenses of the mutual funds included in the index. </font> <font style="font-family:Arial Narrow" size="2">Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.</font> <font style="font-family:Arial Narrow" size="2"> <i>www.jpmorganfunds.com </i></font> <font style="font-family:Arial Narrow" size="2"><i>1-800-480-4111</i></font> <font style="font-family:Arial Narrow" size="2">The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower. </font> <font style="font-family:Arial Narrow" size="2"><b>YEAR-BY-YEAR RETURNS</b></font> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><tr><td width="37%"></td><td valign="bottom" width="5%"></td><td width="39%"></td><td valign="bottom" width="5%"></td><td></td><td></td><td></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">2nd quarter, 2003</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>17.71%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr><tr><td valign="top"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2">4th quarter, 2008</font></td><td valign="bottom"><font size="1"></font></td><td valign="bottom"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td><td valign="bottom" align="right"><font style="FONT-FAMILY: Arial Narrow" size="2"><b>&#8211;22.43%</b></font></td><td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial Narrow" size="2"><b></b></font></td></tr></table><p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#8217;s year-to-date total return through 9/30/12 was 18.55%. </font></p> -0.1747 0.2678 0.1442 0.0408 0.1894 0.0035 -0.4034 0.2205 0.1498 0.0032 <font style="FONT-FAMILY: Arial Narrow" size="2">The Fund&#146;s year-to-date total return</font> 2012-09-30 0.1855 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Best Quarter</b></font> 2003-06-30 0.1771 <font style="FONT-FAMILY: Arial Narrow" size="2"><b>Worst Quarter</b></font> 2008-12-31 -0.2243 -0.0493 -0.051 -0.0297 -0.0517 -0.0115 0.0067 -0.0048 0.0009 -0.0217 -0.0342 -0.041 -0.0292 -0.0331 -0.0285 -0.0206 -0.0296 -0.006 -0.0226 0.0203 0.0148 0.0169 0.0217 0.0207 0.0293 0.0287 0.0216 0.0259 <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Class A Shares, and after-tax returns for other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are shown only for the Class A Shares, and after-tax returns for other classes will vary. </font> <font style="font-family:Arial Narrow" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. </font> <font style="font-family:Arial Narrow" size="2">Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. </font> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganGrowthandIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleShareholderFeesJPMorganGrowthandIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganGrowthandIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganGrowthandIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualTotalReturnsJPMorganGrowthandIncomeFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedJPMorganGrowthandIncomeFund column period compact * ~</div> <font style="font-family:Arial Narrow" size="5"><a name="toc131168_1"></a>JPMorgan U.S. Large Cap Core Plus Fund II</font> <font style="font-family:Arial Narrow" size="2"><b>What is the goal of the Fund? </b></font> <font style="font-family:Arial Narrow" size="2">The Fund seeks to provide a high total return from a portfolio of selected equity securities</font> <font style="font-family:Arial Narrow" size="2"><b>Fees and Expenses of the Fund </b></font> <font style="font-family:Arial Narrow" size="2">The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </font> <font style="font-family:Arial Narrow" size="2"><b>ANNUAL FUND OPERATING EXPENSES</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(Expenses that you pay each year as a percentage of the value</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>of your investment)</b></font> 0.01 0 0.0428 0.0528 -0.0398 0.013 <font style="font-family:Arial Narrow" size="2"><b>AVERAGE ANNUAL TOTAL RETURNS</b></font><br/><font style="font-family:Arial Narrow" size="1"><b>(For periods ended December 31, 2011)</b></font> <font style="font-family:Arial Narrow" size="2"><b>Example </b></font> <font style="font-family:Arial Narrow" size="2">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 has a 5% return each year and that the Fund&#146;s operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower. </font> <font style="font-family:Arial Narrow" size="2"> 10/31/13 </font> <font style="font-family:Arial Narrow" size="2"><b>WHETHER OR NOT YOU SELL YOUR SHARES, YOUR<br/>COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>WHETHER OR NOT YOU SELL YOUR SHARES, YOUR<br/>COST WOULD BE:</b></font> <font style="font-family:Arial Narrow" size="2"><b>Portfolio Turnover </b></font> <font style="font-family:Arial Narrow" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund&#146;s performance. During the Fund&#146;s most recent fiscal period (October 3, 2011 through June 30, 2012), the Fund&#146;s portfolio turnover rate (including short sales) was 80% of the average value of its portfolio. </font> <font style="font-family:Arial Narrow" size="2"><b>What are the Fund&#146;s main investment strategies? </b></font> <font style="font-family:Arial Narrow" size="2">In seeking to meet its objectives, the Fund will 1) take long and short positions in equity securities of U.S. large-cap companies in an effort to increase the Fund&#146;s return relative to the S&amp;P 500 Index, the Fund&#146;s benchmark, and to traditional large-cap strategies which do not have the ability to sell stock short, while keeping the Fund&#146;s net exposure to the equity market at a level similar to a traditional &#147;long-only&#148; strategy, and 2) manage both its long and short positions in a manner that seeks to maximize after-tax return. In combining these approaches, the Fund not only endeavors to outperform traditional &#147;long-only&#148; strategies, but also &#147;long-only&#148; tax aware strategies. </font><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Under normal circumstances, at least 80% of the value of the Fund&#146;s Assets, which are expected to include both long and short positions, will consist of equity securities of large capitalization U.S. companies. Large capitalization companies are companies with market capitalizations of at least $4 billion at the time of purchase. &#147;Assets&#148; means net assets, plus the amount of borrowings for investment purposes. These equity securities will be selected from the universe of publicly traded securities with characteristics similar to those of large capitalization companies in the S&amp;P 500 Index. In implementing its strategies, the Fund invests primarily in common stocks of U.S. companies, but may also invest up to 20% of its Assets in common stocks of foreign companies, including depositary receipts. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">&#147;Plus&#148; in the Fund&#146;s name refers to the additional return the Fund endeavors to add both relative to the S&amp;P 500 Index, as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund&#146;s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping its net exposure to the market at a level similar to a traditional &#147;long-only&#148; strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However, the long and short positions held by the Fund will vary in size as market opportunities change. The Fund&#146;s long positions and their equivalents will range between 90% and 150% of the value of the Fund&#146;s net assets. The Fund&#146;s short positions will range between 0% and 50% of the value of the Fund&#146;s net assets. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">In implementing its secondary objective of maximizing after-tax return, the Fund employs a number of tax aware strategies and seeks to minimize shareholder&#146;s tax liability in connection with the Fund&#146;s distribution of realized capital gain by minimizing the net gain available for distribution. The Fund typically sells securities when the anticipated performance benefit justifies the resulting gain. This strategy often includes minimizing the sale of securities with large unrealized gains, holding securities long enough to avoid short-term capital gains, endeavoring to sell securities with a high cost basis first and offsetting capital gains realized in one security by selling another security at a capital loss. Because the Fund also has the ability to short securities, it can implement additional tax-aware strategies that have the potential to increase the after-tax benefits to shareholders. These include the ability to realize additional capital losses regardless of market conditions and to net dividend expenses associated with the Fund&#146;s short positions against the Fund&#146;s dividend income. If the Fund distributes net investment income, the Fund will seek to maximize its ability to distribute dividends designated as qualified dividend income (which is taxed at a lower long-term capital gains rate rather than at the higher tax rate for ordinary income (for non-corporate shareholders)). However, it is possible that a portion of the Fund&#146;s distributions will be taxed as ordinary income. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years which is designed to provide insight into a company&#146;s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as: </font></p><ul><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">catalysts that could trigger a rise in a stock&#146;s price</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">high perceived potential reward compared to perceived potential risk</font></li><li style="margin-left:-30px"><font style="font-family:Arial Narrow" size="2">possible temporary mispricings caused by apparent market overreactions</font></li></ul> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Main Investment Risks </b></font> <font style="font-family:Arial Narrow" size="2">The Fund is subject to management risk and may not achieve its objective if the adviser&#146;s expectations regarding particular securities or markets are not met. </font><br /><br /><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you. </font> </p></div><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Equity Market Risk. </i>The price of equity securities may rise or fall because of changes in the broad market or changes in a company&#146;s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund&#146;s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund&#146;s securities goes down, your investment in the Fund decreases in value. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>General Market Risk.</i> Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Short Selling Risk. </i>The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund&#146;s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser&#146;s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile. <i> </i></font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Tax Aware Investing Risk. </i>The Fund&#146;s tax aware strategies may reduce your taxable income, but will not eliminate it. These strategies may require trade-offs that reduce pretax income. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2">Managing the Fund to maximize after-tax returns may also potentially have a negative effect on the Fund&#146;s performance. Because tax consequences are considered in managing the Fund, the Fund&#146;s pre-tax performance may be lower than that of a similar fund that is not tax-managed.</font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Foreign Securities Risk</i>. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets. </font> </p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Derivatives Risk. </i>Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund&#146;s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation. </font></p><p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Arial Narrow" size="2"><i>Redemption Risk. </i>The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities held long (or appreciating prices of securities held short), or when the securities the Fund wishes to or is required to sell are illiquid. </font></p><p style="margin-top:6px;margin-bottom:0px">&nbsp;</p><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1pt #3f3f3f;padding-top:2px;padding-bottom:3px"><p style="margin-top:0px;margin-bottom:0px;padding-top:0px; margin-left:1%;margin-right:1%"><font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> </p><p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px; margin-left:1%;margin-right:1%"> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font></p></div> <font style="font-family:Arial Narrow" size="2"><b>The Fund&#146;s Past Performance </b></font> <font style="font-family:Arial Narrow" size="2">The Fund commenced operations on October 3, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of the Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund. </font> 0.8 <font style="font-family:Arial Narrow" size="2">Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. </font> <font style="FONT-FAMILY: Arial Narrow" size="2">You could lose money investing in the Fund. </font> 132 1224 2310 4999 132 1224 2310 4999 <font style="font-family:Arial Narrow" size="2">The Fund commenced operations on October 3, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund.</font> <font style="font-family:Arial Narrow" size="2">Although past performance of the Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund. </font> 2010-11-30 2010-11-30 2010-11-30 2010-11-30 2010-11-30 <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleAnnualFundOperatingExpensesJPMorganU.S.LargeCapCorePlusFundIIInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleTransposedJPMorganU.S.LargeCapCorePlusFundIIInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.jpmorganfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedJPMorganU.S.LargeCapCorePlusFundIIInstitutionalClass column period compact * ~</div> 0.0045 0.001 0.0373 <font style="font-family:Arial Narrow" size="2">The Fund commenced operations on July 29, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund.</font> <font style="font-family:Arial Narrow" size="2">Although past performance is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2">The Fund commenced operations on October 3, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. </font> <font style="font-family:Arial Narrow" size="2"> Although past performance of the Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund. </font> <font style="font-family:Arial Narrow" size="2">with a secondary focus on maximizing after-tax return.</font> <font style="font-family:Arial Narrow" size="2">with a secondary focus on maximizing after-tax return.</font> 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 Fund Operating Expenses of Class A and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.85% and 0.60%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. (under $1 million) 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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.14%, 1.65%, 1.65% and 0.89%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. Effective 10/31/12, the Fund's benchmark changed from the S&P 500 Index to the MSCI World Index to better reflect the Fund's investment strategies and asset allocation. At that time, the model allocation in the Diversified Composite Benchmark was also revised and the MSCI World Index replaced the S&P 500 Index. The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, Dividend Expenses on Short Sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.30%, 1.80% and 1.05%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.95%, 1.45% and 0.80%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses of Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.00%, of its average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A and Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, Dividend Expenses on Short Sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.30%, 1.80% and 1.05%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.80% of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.97%, 1.47%, 1.47% and 0.79%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short 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 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which the Service Providers will determine whether to renew or revise it. 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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.50%, 2.10%, 2.10% and 1.10%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent total annual operating expenses of Class R5 Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.80% of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.26%, 1.76% and 1.01%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceeds 1.30%, 1.80%, 1.80%, and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 0.90%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. "Other Expenses" are based on estimated amounts for the current fiscal year. 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 Fund Operating Expenses (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.20%, 0.60%, and 0.55% of the average daily net assets of the Class R2, Class R5, and Class R6 Shares, respectively. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short 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 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceeds 1.30%, 1.80%, 1.80% and 0.90%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses of Class A and Class C Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25% and 1.75%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses related to short 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 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.95%, 1.45%, and 0.80% of the average daily net assets of the Class A, Class C, and Select Class Shares, respectively. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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 Fund Operating Expenses of Institutional Class Shares (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceeds 0.85%, of its average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it. 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Document - Risk/Return Detail {Unlabeled} - JPMorgan U.S.Large Cap Core Plus Fund II link:presentationLink link:calculationLink link:definitionLink 000239 - Disclosure - Risk/Return Detail Data {Elements} - JPMorgan U.S. Large Cap Core Plus Fund II - A, C, Select Shares link:presentationLink link:calculationLink link:definitionLink 000241 - Document - Risk/Return Summary {Unlabeled} - JPMorgan Growth and Income Fund - A, B, C, Select Shares link:presentationLink link:calculationLink link:definitionLink 000242 - Schedule - Shareholder Fees {- JPMorgan Growth and Income Fund} link:presentationLink link:calculationLink link:definitionLink 000243 - Schedule - Annual Fund Operating Expenses {- JPMorgan Growth and Income Fund} link:presentationLink link:calculationLink link:definitionLink 000244 - Schedule - Expense Example {Transposed} {- JPMorgan Growth and Income Fund} link:presentationLink link:calculationLink link:definitionLink 000245 - Schedule - Expense Example, No Redemption {Transposed} {- JPMorgan Growth and Income Fund} link:presentationLink link:calculationLink link:definitionLink 000246 - 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Schedule - Expense Example {Transposed} {- JPMorgan U.S.Large Cap Core Plus Fund II Institutional Class} link:presentationLink link:calculationLink link:definitionLink 000255 - Schedule - Expense Example, No Redemption {Transposed} {- JPMorgan U.S.Large Cap Core Plus Fund II Institutional Class} link:presentationLink link:calculationLink link:definitionLink 000256 - Schedule - Annual Total Returns - JPMorgan U.S.Large Cap Core Plus Fund II Institutional Class [BarChart] link:presentationLink link:calculationLink link:definitionLink 000257 - Schedule - Average Annual Total Returns {Transposed} {- JPMorgan U.S.Large Cap Core Plus Fund II Institutional Class} link:presentationLink link:calculationLink link:definitionLink 000258 - Document - Risk/Return Detail {Unlabeled} - JPMorgan U.S.Large Cap Core Plus Fund II Institutional Class link:presentationLink link:calculationLink link:definitionLink 000259 - Disclosure - Risk/Return Detail Data {Elements} - JPMorgan U.S. Large Cap Core Plus Fund II - Institutional Shares link:presentationLink link:calculationLink link:definitionLink 000261 - Document - Risk/Return Summary {Unlabeled} - JPMorgan Quantitative Large Cap Plus Fund - A, C, Select Shares link:presentationLink link:calculationLink link:definitionLink 000262 - Schedule - Shareholder Fees {- JPMorgan Quantitative Large Cap Plus Fund Class A C Select Class} link:presentationLink link:calculationLink link:definitionLink 000263 - Schedule - Annual Fund Operating Expenses {- JPMorgan Quantitative Large Cap Plus Fund Class A C Select Class} link:presentationLink link:calculationLink link:definitionLink 000264 - Schedule - Expense Example {Transposed} {- JPMorgan Quantitative Large Cap Plus Fund Class A C Select Class} link:presentationLink link:calculationLink link:definitionLink 000265 - Schedule - Expense Example, No Redemption {Transposed} {- JPMorgan Quantitative Large Cap Plus Fund Class A C Select Class} link:presentationLink link:calculationLink link:definitionLink 000266 - Schedule - Annual Total Returns - JPMorgan Quantitative Large Cap Plus Fund Class A C Select Class [BarChart] link:presentationLink link:calculationLink link:definitionLink 000267 - Schedule - Average Annual Total Returns {Transposed} {- JPMorgan Quantitative Large Cap Plus Fund Class A C Select Class} link:presentationLink link:calculationLink link:definitionLink 000268 - Document - Risk/Return Detail {Unlabeled} - JPMorgan Quantitative Large Cap Plus Fund Class A C Select Class link:presentationLink link:calculationLink link:definitionLink 000269 - Disclosure - Risk/Return Detail Data {Elements} - JPMorgan Quantitative Large Cap Plus Fund - A, C, Select Shares link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 jpmt20-20121026_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 5 jpmt20-20121026_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 6 jpmt20-20121026_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 7 jpmt20-20121026_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 8 R112.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan Mid Cap Equity Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Mid Cap Equity Fund

Class/Ticker: A/JCMAX; C/JMCCX; Select/VSNGX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund’s objective is long-term capital growth.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 55% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 55.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of mid cap companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Mid cap companies are companies with market capitalizations equal to those within the universe of the Russell Midcap® Index securities at the time of purchase. As of the last reconstitution of the Russell Midcap Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $1.4 billion to $17.4 billion. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs).

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a bottom-up approach to stock selection, constructing portfolios based on company fundamentals, quantitative screening and proprietary fundamental analysis. The Fund focuses on mid-sized companies with increasing market share, strong earnings prospects and sustainable free cash flows as compared to their competitors. The Fund also looks for dominant franchises with predictable business models deemed capable of achieving sustained growth and undervalued companies with the potential to grow their intrinsic value per share.

The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Mid Cap Company Risk. Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell Midcap® Index and the Lipper Mid-Cap Core Funds Index, an index based on the total returns of certain mutual funds within mid cap funds category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares is based on the performance of the Select Class Shares prior to their inception on 11/2/09. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell Midcap® Index and the Lipper Mid-Cap Core Funds Index, an index based on the total returns of certain mutual funds within mid cap funds category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter3rd quarter, 200917.24%
Worst Quarter4th quarter, 2008–24.38%

The Fund’s year-to-date total return through 9/30/12 was 15.96%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, C, Select Shares | JPMorgan Mid Cap Equity Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.39%
Other Expenses rr_OtherExpensesOverAssets 0.64%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.55%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.29%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.26% [2]
1 Year rr_ExpenseExampleYear01 647
3 Years rr_ExpenseExampleYear03 962
5 Years rr_ExpenseExampleYear05 1,299
10 Years rr_ExpenseExampleYear10 2,250
1 Year rr_ExpenseExampleNoRedemptionYear01 647
3 Years rr_ExpenseExampleNoRedemptionYear03 962
5 Years rr_ExpenseExampleNoRedemptionYear05 1,299
10 Years rr_ExpenseExampleNoRedemptionYear10 2,250
1 Year rr_AverageAnnualReturnYear01 (7.27%)
5 Years rr_AverageAnnualReturnYear05 0.75%
10 Years rr_AverageAnnualReturnYear10 5.92%
A, C, Select Shares | JPMorgan Mid Cap Equity Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.38%
Other Expenses rr_OtherExpensesOverAssets 0.63%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.04%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.28%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.76% [2]
1 Year rr_ExpenseExampleYear01 279
3 Years rr_ExpenseExampleYear03 613
5 Years rr_ExpenseExampleYear05 1,072
10 Years rr_ExpenseExampleYear10 2,347
1 Year rr_ExpenseExampleNoRedemptionYear01 179
3 Years rr_ExpenseExampleNoRedemptionYear03 613
5 Years rr_ExpenseExampleNoRedemptionYear05 1,072
10 Years rr_ExpenseExampleNoRedemptionYear10 2,347
1 Year rr_AverageAnnualReturnYear01 (3.62%)
5 Years rr_AverageAnnualReturnYear05 1.62%
10 Years rr_AverageAnnualReturnYear10 6.38%
A, C, Select Shares | JPMorgan Mid Cap Equity Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.40%
Other Expenses rr_OtherExpensesOverAssets 0.65%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.31%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.40%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 0.91% [2]
1 Year rr_ExpenseExampleYear01 93
3 Years rr_ExpenseExampleYear03 376
5 Years rr_ExpenseExampleYear05 680
10 Years rr_ExpenseExampleYear10 1,544
1 Year rr_ExpenseExampleNoRedemptionYear01 93
3 Years rr_ExpenseExampleNoRedemptionYear03 376
5 Years rr_ExpenseExampleNoRedemptionYear05 680
10 Years rr_ExpenseExampleNoRedemptionYear10 1,544
2002 rr_AnnualReturn2002 (13.39%)
2003 rr_AnnualReturn2003 32.29%
2004 rr_AnnualReturn2004 19.36%
2005 rr_AnnualReturn2005 9.61%
2006 rr_AnnualReturn2006 14.24%
2007 rr_AnnualReturn2007 9.81%
2008 rr_AnnualReturn2008 (38.51%)
2009 rr_AnnualReturn2009 34.18%
2010 rr_AnnualReturn2010 24.02%
2011 rr_AnnualReturn2011 (1.80%)
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 15.96%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.24%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.38%)
1 Year rr_AverageAnnualReturnYear01 (1.80%)
5 Years rr_AverageAnnualReturnYear05 1.99%
10 Years rr_AverageAnnualReturnYear10 6.57%
A, C, Select Shares | JPMorgan Mid Cap Equity Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (1.88%)
5 Years rr_AverageAnnualReturnYear05 1.02%
10 Years rr_AverageAnnualReturnYear10 5.32%
A, C, Select Shares | JPMorgan Mid Cap Equity Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (1.06%)
5 Years rr_AverageAnnualReturnYear05 1.47%
10 Years rr_AverageAnnualReturnYear10 5.37%
A, C, Select Shares | JPMorgan Mid Cap Equity Fund | RUSSELL MIDCAP INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (1.55%)
5 Years rr_AverageAnnualReturnYear05 1.41%
10 Years rr_AverageAnnualReturnYear10 6.99%
A, C, Select Shares | JPMorgan Mid Cap Equity Fund | LIPPER MID-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (5.65%)
5 Years rr_AverageAnnualReturnYear05 1.28%
10 Years rr_AverageAnnualReturnYear10 5.60%
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 0.90%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
XML 9 R48.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan Intrepid Value Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Intrepid Value Fund

Class/Ticker: A/JIVAX; C/JIVCX; Select/JPIVX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your Investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 82% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 82.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments of large and mid capitalization companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund generally defines large capitalization companies as those with a market capitalization over $10 billion at the time of purchase, and mid capitalization companies as those with market capitalization between $1 billion and $10 billion, at the time of purchase.

In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 1000 Value Index that the adviser believes have characteristics such as attractive valuations, high quality and/or strong momentum that should lead to relative out performance. In identifying high quality securities, the adviser looks for profitable companies with sustainable earnings and disciplined management. In identifying securities that have strong momentum, the adviser looks for securities which have prices and/or earnings that have been increasing and that the adviser believes will continue to increase.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.

The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund’s investment criteria or if the adviser believes that more attractive opportunities are available.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Value Investing Risk. A value stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company’s value or the factors that the adviser believes will cause the stock price to increase do not occur.

Mid Cap Company Risk. Because the Fund may invest in large- and mid-capitalization companies, the Fund’s risks increase as it invests more heavily in mid-capitalization companies. Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 1000® Value Index and the Lipper Large-Cap Value Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares in the table is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 1000® Value Index and the Lipper Large-Cap Value Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter3rd quarter, 200918.43%
Worst Quarter4th quarter, 2008–22.75%

The Fund’s year-to-date total return through 9/30/12 was 16.14%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For the period ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, C, Select Shares | JPMorgan Intrepid Value Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.32%
Other Expenses rr_OtherExpensesOverAssets 0.57%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.48%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.52%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 0.96% [2]
1 Year rr_ExpenseExampleYear01 618
3 Years rr_ExpenseExampleYear03 920
5 Years rr_ExpenseExampleYear05 1,244
10 Years rr_ExpenseExampleYear10 2,158
1 Year rr_ExpenseExampleNoRedemptionYear01 618
3 Years rr_ExpenseExampleNoRedemptionYear03 920
5 Years rr_ExpenseExampleNoRedemptionYear05 1,244
10 Years rr_ExpenseExampleNoRedemptionYear10 2,158
Past 1 Year rr_AverageAnnualReturnYear01 (6.36%)
Past 5 Years rr_AverageAnnualReturnYear05 (3.64%)
Life of Fund rr_AverageAnnualReturnSinceInception 7.14%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Value Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.31%
Other Expenses rr_OtherExpensesOverAssets 0.56%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.97%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.51%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.46% [2]
1 Year rr_ExpenseExampleYear01 249
3 Years rr_ExpenseExampleYear03 569
5 Years rr_ExpenseExampleYear05 1,015
10 Years rr_ExpenseExampleYear10 2,255
1 Year rr_ExpenseExampleNoRedemptionYear01 149
3 Years rr_ExpenseExampleNoRedemptionYear03 569
5 Years rr_ExpenseExampleNoRedemptionYear05 1,015
10 Years rr_ExpenseExampleNoRedemptionYear10 2,255
Past 1 Year rr_AverageAnnualReturnYear01 (2.69%)
Past 5 Years rr_AverageAnnualReturnYear05 (3.08%)
Life of Fund rr_AverageAnnualReturnSinceInception 7.37%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Value Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.32%
Other Expenses rr_OtherExpensesOverAssets 0.57%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.23%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.42%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 0.81% [2]
1 Year rr_ExpenseExampleYear01 83
3 Years rr_ExpenseExampleYear03 349
5 Years rr_ExpenseExampleYear05 635
10 Years rr_ExpenseExampleYear10 1,452
1 Year rr_ExpenseExampleNoRedemptionYear01 83
3 Years rr_ExpenseExampleNoRedemptionYear03 349
5 Years rr_ExpenseExampleNoRedemptionYear05 635
10 Years rr_ExpenseExampleNoRedemptionYear10 1,452
2004 rr_AnnualReturn2004 17.51%
2005 rr_AnnualReturn2005 10.14%
2006 rr_AnnualReturn2006 22.92%
2007 rr_AnnualReturn2007 0.11%
2008 rr_AnnualReturn2008 (36.52%)
2009 rr_AnnualReturn2009 23.91%
2010 rr_AnnualReturn2010 13.77%
2011 rr_AnnualReturn2011 (0.99%)
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 16.14%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.43%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.75%)
Past 1 Year rr_AverageAnnualReturnYear01 (0.99%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.37%)
Life of Fund rr_AverageAnnualReturnSinceInception 7.99%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Value Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (1.25%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.64%)
Life of Fund rr_AverageAnnualReturnSinceInception 7.29%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Value Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (0.30%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.02%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.79%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Value Fund | RUSSELL 1000 VALUE INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 0.39%
Past 5 Years rr_AverageAnnualReturnYear05 (2.64%)
Life of Fund rr_AverageAnnualReturnSinceInception 7.06%
A, C, Select Shares | JPMorgan Intrepid Value Fund | LIPPER LARGE-CAP VALUE FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.17%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.26%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.11%
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.95%, 1.45% and 0.80%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
XML 10 R176.htm IDEA: XBRL DOCUMENT v2.4.0.6
A, B, C, Select Shares | JPMorgan Growth and Income Fund
JPMorgan Growth and Income Fund

Class/Ticker:
A/VGIRX; B/VINBX; C/VGICX; Select/VGIIX
What is the goal of the Fund?
The Fund seeks to provide capital growth over the long-term and to earn income from dividends.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Fund — SALES CHARGES” on page 16 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, B, C, Select Shares JPMorgan Growth and Income Fund
Class A
Class B
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price 5.25% none none none
Maximum Deferred Sales Charge (Load) as a % of Original Cost of the Shares none [1] 5.00% 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Annual Fund Operating Expenses A, B, C, Select Shares JPMorgan Growth and Income Fund
Class A
Class B
Class C
Select Class
Management Fees 0.40% 0.40% 0.40% 0.40%
Distribution (Rule 12b-1) Fees 0.25% 0.75% 0.75% none
Other Expenses 0.54% 0.55% 0.54% 0.54%
Shareholder Service Fees 0.25% 0.25% 0.25% 0.25%
Remainder of Other Expenses 0.29% 0.30% 0.29% 0.29%
Total Annual Fund Operating Expenses 1.19% 1.70% 1.69% 0.94%
Fee Waivers and Expense Reimbursements [1] none none none (0.04%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.19% 1.70% 1.69% 0.90%
[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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceeds 1.30%, 1.80%, 1.80% and 0.90%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, B, C, Select Shares JPMorgan Growth and Income Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
640 883 1,145 1,892
CLASS B SHARES
673 836 1,123 1,874
CLASS C SHARES
272 533 918 1,998
SELECT CLASS SHARES
92 296 516 1,151
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, B, C, Select Shares JPMorgan Growth and Income Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
640 883 1,145 1,892
CLASS B SHARES
173 536 923 1,874
CLASS C SHARES
172 533 918 1,998
SELECT CLASS SHARES
92 296 516 1,151
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 28% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, the Fund invests at least 80% of its Assets in common stocks. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund’s adviser applies an active equity management style focused on identifying attractively valued stocks given their growth potential over a long-term time horizon. The securities held by the Fund will predominantly be of companies with market capitalizations similar to those within the universe of S&P 500/Citigroup Value Index stocks.

While common stocks are the Fund’s primary investment, the Fund may also invest significantly in real estate investment trusts (REITs) and depositary receipts.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser will emphasize companies which are leaders within their sectors. The Fund will also emphasize companies with attractive valuations and low price-to-cash flows ratios. The Fund will seek to earn income by investing in companies that display, or have the potential for displaying, level or rising dividends. The adviser employs a bottom-up approach to stock selection, constructing portfolios based on company fundamentals, quantitative screening and proprietary fundamental analysis. The adviser looks for undervalued companies with durable franchises, strong management and the ability to grow their intrinsic value per share.

The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Strategy Risk. An undervalued stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company’s value or the factors that the adviser believes will cause the stock price to increase do not occur.

Mid Cap Company Risk. Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Foreign Securities Risk. To the extent that the Fund invests in depositary receipts, such investments are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the S&P 500/Citigroup Value Index, and the Lipper Large-Cap Value Funds Index and Lipper Large-Cap Core Funds Index, both of which are indexes based on the total returns of certain large cap mutual funds as determined by Lipper. Unlike the other index, the Lipper indexes include the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.

The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter2nd quarter, 200317.71%
Worst Quarter4th quarter, 2008–22.43%

The Fund’s year-to-date total return through 9/30/12 was 18.55%.

AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Average Annual Total Returns A, B, C, Select Shares JPMorgan Growth and Income Fund
Past 1 Year
Past 5 Years
Past 10 Years
CLASS A SHARES
(4.93%) (3.42%) 2.03%
CLASS A SHARES Return After Taxes on Distributions
(5.10%) (4.10%) 1.48%
CLASS A SHARES Return After Taxes on Distributions and Sale of Fund Shares
(2.97%) (2.92%) 1.69%
CLASS B SHARES
(5.17%) (3.31%) 2.17%
CLASS C SHARES
(1.15%) (2.85%) 2.07%
SELECT CLASS SHARES
0.67% (2.06%) 2.93%
S&P 500/CITIGROUP VALUE INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
(0.48%) (2.96%) 2.87%
LIPPER LARGE-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
0.09% (0.60%) 2.16%
LIPPER LARGE-CAP VALUE FUNDS INDEX (Reflects No Deduction for Taxes)
(2.17%) (2.26%) 2.59%
After-tax returns are shown only for the Class A Shares, and after-tax returns for other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
R2, R5, R6 Shares | JPMorgan Quantitative Large Cap Plus Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Quantitative Large Cap Plus Fund

Class/Ticker:
R2/JQGZX; R5/JQGRX; R6/*


*The Share Class does not have an exchange ticker symbol because it currently is not offered to the general public.
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide total return.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance.
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates “Other Expenses” are based on estimated amounts for the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund will invest primarily in long and short positions of equity securities issued by large capitalization companies and intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value).

Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will consist of securities of publicly traded large capitalization securities. Large capitalization securities are those equity securities of companies with market capitalizations similar to those within the universe of the S&P 500 Index at the time of purchase. Equity securities in which the Fund invests significantly are common stocks of U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes.

“Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund’s net exposure to the market at a level similar to a traditional “long only” strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

The long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets. In rising markets, the Fund expects that the long positions will appreciate more rapidly than the short positions, and in declining markets, the Fund expects the value of the short positions will decline faster than the long positions. As a result, in declining markets, the Fund expects that it will be able to close out its short positions at a lower cost resulting in additional gain to the Fund.

The Fund intends to invest in a variety of equity securities and, ordinarily, no single equity exposure is expected to make up more than 5% of the gross long exposure except that companies with large weights in the Fund’s benchmark may be held as overweights in the Fund, resulting in positions of greater than 5% in those securities.

Investment Process: The adviser’s investment process is based upon a quantitative multi-factor model with a qualitative over- lay. The adviser uses its quantitative multi-factor model to collect quantitative and fundamental investment data designed to evaluate the relative attractiveness of stocks. The quantitative multi-factor model puts an emphasis on valuation drivers and growth drivers. The valuation drivers include factors such as discounted cash flows and price-to-book values and the growth drivers include factors such as revisions of earning estimates and earnings growth rates. The adviser generally buys long positions in securities that are ranked favorably by its quantitative multi-factor model and sells short securities that are ranked unfavorably. The adviser generally sells long positions in securities that are no longer favorably ranked and covers short positions in securities that are no longer unfavorably ranked. The adviser may also buy, sell, sell short and cover short positions in securities that it views as similarly ranked.

In constructing the Fund’s portfolio, the adviser employs a bottom up stock selection process in combination with its qualitative overlay to determine the weights of each model factor and the risk posture of the Fund. The adviser may invest across different industries and sectors targeting both value-and growth-oriented domestic companies. Viewed sector by sector, the Fund’s net weightings of equity securities will generally be similar to those of its benchmark index, the S&P 500 Index. The adviser uses its qualitative analysis to over and underweight sectors, industries and stocks versus the S&P 500 Index. Sector and industry positioning is used to enhance returns and for risk management.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Strategy Risk. There is no guarantee that the use of long and short positions will succeed in limiting the Fund’s exposure to domestic stock market movements, capitalization, sector swings or other risk factors.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund has not operated for a calendar year as of the date of this prospectus. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of a Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund has not operated for a calendar year as of the date of this prospectus. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund.
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Although past performance of a Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
R2, R5, R6 Shares | JPMorgan Quantitative Large Cap Plus Fund | CLASS R2 SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (Rule 12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.31%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.68%
Other Expenses rr_OtherExpensesOverAssets 1.24% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.49%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.61%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.88% [2]
1 Year rr_ExpenseExampleYear01 191
3 Years rr_ExpenseExampleYear03 717
1 Year rr_ExpenseExampleNoRedemptionYear01 191
3 Years rr_ExpenseExampleNoRedemptionYear03 717
R2, R5, R6 Shares | JPMorgan Quantitative Large Cap Plus Fund | CLASS R5 SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (Rule 12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.05%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.31%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.68%
Other Expenses rr_OtherExpensesOverAssets 1.04% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.79%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.51%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.28% [2]
1 Year rr_ExpenseExampleYear01 130
3 Years rr_ExpenseExampleYear03 514
1 Year rr_ExpenseExampleNoRedemptionYear01 130
3 Years rr_ExpenseExampleNoRedemptionYear03 514
R2, R5, R6 Shares | JPMorgan Quantitative Large Cap Plus Fund | CLASS R6 SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (Rule 12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets none
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.31%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.68%
Other Expenses rr_OtherExpensesOverAssets 0.99% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.74%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.51%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.23% [2]
1 Year rr_ExpenseExampleYear01 125
3 Years rr_ExpenseExampleYear03 498
1 Year rr_ExpenseExampleNoRedemptionYear01 125
3 Years rr_ExpenseExampleNoRedemptionYear03 498
[1] "Other Expenses" are based on estimated amounts for the current fiscal year.
[2] 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 Fund Operating Expenses (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.20%, 0.60%, and 0.55% of the average daily net assets of the Class R2, Class R5, and Class R6 Shares, respectively. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
XML 13 R104.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan Mid Cap Core Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Mid Cap Core Fund

Class/Ticker: A/JMRAX; C/JMRCX; Select/JMRSX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 44% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 44.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of mid cap companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Mid cap companies are companies with market capitalizations equal to those within the universe of the Russell Midcap Index at the time of purchase. As of the last reconstitution of the Russell Midcap Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $1.4 billion to $17.4 billion. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs).

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a fundamental bottom-up investment process. The adviser seeks to invest in companies with leading competitive advantages, durable business models and sustainable free cash flow generation with management committed to increasing shareholder value. It also looks to invest in securities that are trading at a discount to their intrinsic value.

The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Mid Cap Company Risk. Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit- worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares over the past calendar year. The table shows the average annual total returns for the past one year and the life of the Fund. The table compares that performance to the Russell Midcap Index and the Lipper Mid-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares over the past calendar year. The table shows the average annual total returns for the past one year and the life of the Fund.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell Midcap Index and the Lipper Mid-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter4th quarter, 201114.06%
Worst Quarter3rd quarter, 2011–17.94%

The Fund’s year-to-date total return through 9/30/12 was 10.64%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, C, Select Shares | JPMorgan Mid Cap Core Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.16%
Other Expenses rr_OtherExpensesOverAssets 0.41%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.32%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.06%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.26% [2]
1 Year rr_ExpenseExampleYear01 647
3 Years rr_ExpenseExampleYear03 916
5 Years rr_ExpenseExampleYear05 1,205
10 Years rr_ExpenseExampleYear10 2,027
1 Year rr_ExpenseExampleNoRedemptionYear01 647
3 Years rr_ExpenseExampleNoRedemptionYear03 916
5 Years rr_ExpenseExampleNoRedemptionYear05 1,205
10 Years rr_ExpenseExampleNoRedemptionYear10 2,027
Past 1 Year rr_AverageAnnualReturnYear01 (4.07%)
Life of Fund rr_AverageAnnualReturnSinceInception 1.47%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2010
A, C, Select Shares | JPMorgan Mid Cap Core Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.16%
Other Expenses rr_OtherExpensesOverAssets 0.41%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.82%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.06%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.76% [2]
1 Year rr_ExpenseExampleYear01 279
3 Years rr_ExpenseExampleYear03 567
5 Years rr_ExpenseExampleYear05 980
10 Years rr_ExpenseExampleYear10 2,132
1 Year rr_ExpenseExampleNoRedemptionYear01 179
3 Years rr_ExpenseExampleNoRedemptionYear03 567
5 Years rr_ExpenseExampleNoRedemptionYear05 980
10 Years rr_ExpenseExampleNoRedemptionYear10 2,132
Past 1 Year rr_AverageAnnualReturnYear01 (0.20%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.11%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2010
A, C, Select Shares | JPMorgan Mid Cap Core Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.16%
Other Expenses rr_OtherExpensesOverAssets 0.41%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.07%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.06%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.01% [2]
1 Year rr_ExpenseExampleYear01 103
3 Years rr_ExpenseExampleYear03 334
5 Years rr_ExpenseExampleYear05 584
10 Years rr_ExpenseExampleYear10 1,300
1 Year rr_ExpenseExampleNoRedemptionYear01 103
3 Years rr_ExpenseExampleNoRedemptionYear03 334
5 Years rr_ExpenseExampleNoRedemptionYear05 584
10 Years rr_ExpenseExampleNoRedemptionYear10 1,300
2011 rr_AnnualReturn2011 1.49%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 10.64%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2011
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.06%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (17.94%)
Past 1 Year rr_AverageAnnualReturnYear01 1.49%
Life of Fund rr_AverageAnnualReturnSinceInception 6.88%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2010
A, C, Select Shares | JPMorgan Mid Cap Core Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 1.44%
Life of Fund rr_AverageAnnualReturnSinceInception 6.82%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2010
A, C, Select Shares | JPMorgan Mid Cap Core Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 1.02%
Life of Fund rr_AverageAnnualReturnSinceInception 5.84%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2010
A, C, Select Shares | JPMorgan Mid Cap Core Fund | RUSSELL MIDCAP INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (1.55%)
Life of Fund rr_AverageAnnualReturnSinceInception 4.85%
A, C, Select Shares | JPMorgan Mid Cap Core Fund | LIPPER MID-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (5.65%)
Life of Fund rr_AverageAnnualReturnSinceInception 1.28%
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short 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 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which the Service Providers will determine whether to renew or revise it.
XML 14 R188.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
Institutional Shares | JPMorgan U.S. Large Cap Core Plus Fund II
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan U.S. Large Cap Core Plus Fund II
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide a high total return from a portfolio of selected equity securities
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock with a secondary focus on maximizing after-tax return.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal period (October 3, 2011 through June 30, 2012), the Fund’s portfolio turnover rate (including short sales) was 80% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 80.00%
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock In seeking to meet its objectives, the Fund will 1) take long and short positions in equity securities of U.S. large-cap companies in an effort to increase the Fund’s return relative to the S&P 500 Index, the Fund’s benchmark, and to traditional large-cap strategies which do not have the ability to sell stock short, while keeping the Fund’s net exposure to the equity market at a level similar to a traditional “long-only” strategy, and 2) manage both its long and short positions in a manner that seeks to maximize after-tax return. In combining these approaches, the Fund not only endeavors to outperform traditional “long-only” strategies, but also “long-only” tax aware strategies.

Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will consist of equity securities of large capitalization U.S. companies. Large capitalization companies are companies with market capitalizations of at least $4 billion at the time of purchase. “Assets” means net assets, plus the amount of borrowings for investment purposes. These equity securities will be selected from the universe of publicly traded securities with characteristics similar to those of large capitalization companies in the S&P 500 Index. In implementing its strategies, the Fund invests primarily in common stocks of U.S. companies, but may also invest up to 20% of its Assets in common stocks of foreign companies, including depositary receipts.

“Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index, as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund’s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping its net exposure to the market at a level similar to a traditional “long-only” strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However, the long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets.

In implementing its secondary objective of maximizing after-tax return, the Fund employs a number of tax aware strategies and seeks to minimize shareholder’s tax liability in connection with the Fund’s distribution of realized capital gain by minimizing the net gain available for distribution. The Fund typically sells securities when the anticipated performance benefit justifies the resulting gain. This strategy often includes minimizing the sale of securities with large unrealized gains, holding securities long enough to avoid short-term capital gains, endeavoring to sell securities with a high cost basis first and offsetting capital gains realized in one security by selling another security at a capital loss. Because the Fund also has the ability to short securities, it can implement additional tax-aware strategies that have the potential to increase the after-tax benefits to shareholders. These include the ability to realize additional capital losses regardless of market conditions and to net dividend expenses associated with the Fund’s short positions against the Fund’s dividend income. If the Fund distributes net investment income, the Fund will seek to maximize its ability to distribute dividends designated as qualified dividend income (which is taxed at a lower long-term capital gains rate rather than at the higher tax rate for ordinary income (for non-corporate shareholders)). However, it is possible that a portion of the Fund’s distributions will be taxed as ordinary income.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as:

  • catalysts that could trigger a rise in a stock’s price
  • high perceived potential reward compared to perceived potential risk
  • possible temporary mispricings caused by apparent market overreactions
Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

Tax Aware Investing Risk. The Fund’s tax aware strategies may reduce your taxable income, but will not eliminate it. These strategies may require trade-offs that reduce pretax income.

Managing the Fund to maximize after-tax returns may also potentially have a negative effect on the Fund’s performance. Because tax consequences are considered in managing the Fund, the Fund’s pre-tax performance may be lower than that of a similar fund that is not tax-managed.

Foreign Securities Risk. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

Derivatives Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities held long (or appreciating prices of securities held short), or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund commenced operations on October 3, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of the Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund commenced operations on October 3, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund.
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Although past performance of the Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
Institutional Shares | JPMorgan U.S. Large Cap Core Plus Fund II | INSTITUTIONAL CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.10%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 3.73%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.45%
Other Expenses rr_OtherExpensesOverAssets 4.28%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.28%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (3.98%) [1]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.30% [1]
1 Year rr_ExpenseExampleYear01 132
3 Years rr_ExpenseExampleYear03 1,224
5 Years rr_ExpenseExampleYear05 2,310
10 Years rr_ExpenseExampleYear10 4,999
1 Year rr_ExpenseExampleNoRedemptionYear01 132
3 Years rr_ExpenseExampleNoRedemptionYear03 1,224
5 Years rr_ExpenseExampleNoRedemptionYear05 2,310
10 Years rr_ExpenseExampleNoRedemptionYear10 4,999
[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 Fund Operating Expenses of Institutional Class Shares (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceeds 0.85%, of its average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
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A, C, Select Shares | JPMorgan Intrepid Growth Fund
JPMorgan Intrepid Growth Fund

Class/Ticker: A/JIGAX; C/JCICX; Select/JPGSX
What is the goal of the Fund?
The Fund seeks to provide long-term capital growth.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, C, Select Shares JPMorgan Intrepid Growth Fund
Class A
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Annual Fund Operating Expenses A, C, Select Shares JPMorgan Intrepid Growth Fund
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 0.42% 0.42% 0.42%
Shareholder Service Fees 0.25% 0.25% 0.25%
Remainder of Other Expenses 0.17% 0.17% 0.17%
Acquired Fund Fees and Expenses 0.01% 0.01% 0.01%
Total Annual Fund Operating Expenses 1.33% 1.83% 1.08%
Fee Waivers and Expense Reimbursements [1] (0.07%) (0.07%) (0.07%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.26% 1.76% 1.01%
[1] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, C, Select Shares JPMorgan Intrepid Growth Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
647 918 1,209 2,037
CLASS C SHARES
279 569 984 2,142
SELECT CLASS SHARES
103 337 589 1,311
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, C, Select Shares JPMorgan Intrepid Growth Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
647 918 1,209 2,037
CLASS C SHARES
179 569 984 2,142
SELECT CLASS SHARES
103 337 589 1,311
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 110% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments of large and mid capitalization companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund generally defines large capitalization companies as those with a market capitalization over $10 billion at the time of purchase, and mid capitalization companies as those with market capitalization between $1 billion and $10 billion, at the time of purchase.

In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 1000 Growth Index that the adviser believes have characteristics such as attractive valuations, high quality and/or strong momentum that should lead to relative out performance. In identifying high quality securities, the adviser looks for profitable companies with sustainable earnings and disciplined management. In identifying securities that have strong momentum, the adviser looks for securities which have prices and/or earnings that have been increasing and that the adviser believes will continue to increase.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.

The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund’s investment criteria or if the adviser believes that more attractive opportunities are available.

The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Growth Investing Risk. Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may trade at higher multiples of current earnings compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

Mid Cap Company Risk. Because the Fund may invest in large and mid capitalization companies, the Fund’s risks increase as it invests more heavily in mid cap companies. Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares in the table is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter3rd quarter, 200915.81%
Worst Quarter4th quarter, 2008–22.16%

The Fund’s year-to-date total return through 9/30/12 was 18.34%.

AVERAGE ANNUAL TOTAL RETURNS
(For the period ended December 31, 2011)
Average Annual Total Returns A, C, Select Shares JPMorgan Intrepid Growth Fund
Past 1 Year
Past 5 Years
Life of Fund
Inception Date
SELECT CLASS SHARES
1.38% 1.21% 7.53% Feb. 28, 2003
SELECT CLASS SHARES Return After Taxes on Distributions
1.29% 1.05% 6.87% Feb. 28, 2003
SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
1.01% 1.02% 6.29% Feb. 28, 2003
CLASS A SHARES
(4.22%) (0.13%) 6.67% Feb. 28, 2003
CLASS C SHARES
(0.37%) 0.46% 6.90% Feb. 28, 2003
RUSSELL 1000 GROWTH INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
2.64% 2.50% 7.18%  
LIPPER LARGE-CAP GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
(2.90%) 0.85% 5.90%  
After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, B, C, Select Shares | JPMorgan Small Cap Equity Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Small Cap Equity Fund

Class/Ticker:
A/VSEAX; B/VSEBX; C/JSECX; Select/VSEIX

Currently, the Fund is publicly offered on a limited basis. (See “Purchasing Fund Shares — What does it mean that the Small Cap Equity Fund is publicly offered on a limited basis?” in the prospectus for more information.)
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks capital growth over the long term.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 27% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 27.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations equal to those within the universe of the Russell 2000® Index stocks at the time of purchase. As of the last reconstitution of the Russell 2000 Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. In implementing its main strategies, the Fund invests primarily in common stocks.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a fundamental bottom-up investment process. The adviser seeks to invest in companies with leading competitive advantages, predictable and durable business models and sustainable free cash flow generation with management committed to increasing intrinsic value.

The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Small Cap Company Risk. Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell 2000® Index and the Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class C Shares prior to their inception on 2/19/05 is based on the performance of Class B Shares of the Fund, whose expenses are substantially similar to those of Class C Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.

The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 2000® Index and the Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter2nd quarter, 200917.65%
Worst Quarter4th quarter, 2008–18.88%

The Fund’s year-to-date total return through 9/30/12 was 15.44%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, B, C, Select Shares | JPMorgan Small Cap Equity Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.26%
Other Expenses rr_OtherExpensesOverAssets 0.51%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.42%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.11%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.31% [2]
1 Year rr_ExpenseExampleYear01 651
3 Years rr_ExpenseExampleYear03 941
5 Years rr_ExpenseExampleYear05 1,251
10 Years rr_ExpenseExampleYear10 2,129
1 Year rr_ExpenseExampleNoRedemptionYear01 651
3 Years rr_ExpenseExampleNoRedemptionYear03 941
5 Years rr_ExpenseExampleNoRedemptionYear05 1,251
10 Years rr_ExpenseExampleNoRedemptionYear10 2,129
2002 rr_AnnualReturn2002 (17.30%)
2003 rr_AnnualReturn2003 36.37%
2004 rr_AnnualReturn2004 26.13%
2005 rr_AnnualReturn2005 12.39%
2006 rr_AnnualReturn2006 18.31%
2007 rr_AnnualReturn2007 3.55%
2008 rr_AnnualReturn2008 (27.28%)
2009 rr_AnnualReturn2009 31.76%
2010 rr_AnnualReturn2010 26.00%
2011 rr_AnnualReturn2011 2.61%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 15.44%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.65%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (18.88%)
Past 1 Year rr_AverageAnnualReturnYear01 (2.77%)
Past 5 Years rr_AverageAnnualReturnYear05 3.98%
Past 10 Years rr_AverageAnnualReturnYear10 8.68%
A, B, C, Select Shares | JPMorgan Small Cap Equity Fund | CLASS B SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 5.00%
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.26%
Other Expenses rr_OtherExpensesOverAssets 0.51%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.92%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.11%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.81% [2]
1 Year rr_ExpenseExampleYear01 684
3 Years rr_ExpenseExampleYear03 892
5 Years rr_ExpenseExampleYear05 1,227
10 Years rr_ExpenseExampleYear10 2,105
1 Year rr_ExpenseExampleNoRedemptionYear01 184
3 Years rr_ExpenseExampleNoRedemptionYear03 592
5 Years rr_ExpenseExampleNoRedemptionYear05 1,027
10 Years rr_ExpenseExampleNoRedemptionYear10 2,105
Past 1 Year rr_AverageAnnualReturnYear01 (2.90%)
Past 5 Years rr_AverageAnnualReturnYear05 4.24%
Past 10 Years rr_AverageAnnualReturnYear10 8.76%
A, B, C, Select Shares | JPMorgan Small Cap Equity Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.26%
Other Expenses rr_OtherExpensesOverAssets 0.51%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.92%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.11%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.81% [2]
1 Year rr_ExpenseExampleYear01 284
3 Years rr_ExpenseExampleYear03 592
5 Years rr_ExpenseExampleYear05 1,027
10 Years rr_ExpenseExampleYear10 2,234
1 Year rr_ExpenseExampleNoRedemptionYear01 184
3 Years rr_ExpenseExampleNoRedemptionYear03 592
5 Years rr_ExpenseExampleNoRedemptionYear05 1,027
10 Years rr_ExpenseExampleNoRedemptionYear10 2,234
Past 1 Year rr_AverageAnnualReturnYear01 1.11%
Past 5 Years rr_AverageAnnualReturnYear05 4.58%
Past 10 Years rr_AverageAnnualReturnYear10 8.64%
A, B, C, Select Shares | JPMorgan Small Cap Equity Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.26%
Other Expenses rr_OtherExpensesOverAssets 0.51%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.17%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.16%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.01% [2]
1 Year rr_ExpenseExampleYear01 103
3 Years rr_ExpenseExampleYear03 356
5 Years rr_ExpenseExampleYear05 628
10 Years rr_ExpenseExampleYear10 1,406
1 Year rr_ExpenseExampleNoRedemptionYear01 103
3 Years rr_ExpenseExampleNoRedemptionYear03 356
5 Years rr_ExpenseExampleNoRedemptionYear05 628
10 Years rr_ExpenseExampleNoRedemptionYear10 1,406
Past 1 Year rr_AverageAnnualReturnYear01 2.92%
Past 5 Years rr_AverageAnnualReturnYear05 5.42%
Past 10 Years rr_AverageAnnualReturnYear10 9.70%
A, B, C, Select Shares | JPMorgan Small Cap Equity Fund | Return After Taxes on Distributions | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (3.95%)
Past 5 Years rr_AverageAnnualReturnYear05 3.32%
Past 10 Years rr_AverageAnnualReturnYear10 7.79%
A, B, C, Select Shares | JPMorgan Small Cap Equity Fund | Return After Taxes on Distributions and Sale of Fund Shares | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (1.14%)
Past 5 Years rr_AverageAnnualReturnYear05 3.18%
Past 10 Years rr_AverageAnnualReturnYear10 7.38%
A, B, C, Select Shares | JPMorgan Small Cap Equity Fund | RUSSELL 2000 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (4.18%)
Past 5 Years rr_AverageAnnualReturnYear05 0.15%
Past 10 Years rr_AverageAnnualReturnYear10 5.62%
A, B, C, Select Shares | JPMorgan Small Cap Equity Fund | LIPPER SMALL-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (3.81%)
Past 5 Years rr_AverageAnnualReturnYear05 1.32%
Past 10 Years rr_AverageAnnualReturnYear10 5.81%
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceeds 1.30%, 1.80%, 1.80%, and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
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A, C, Select Shares | JPMorgan U.S. Research Equity Plus Fund
JPMorgan U.S. Research Equity Plus Fund

Class/Ticker: A/JEPAX; C/JEPCX; Select/JEPSX
What is the goal of the Fund?
The Fund seeks to provide total return from a portfolio of selected equity securities.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, C, Select Shares JPMorgan U.S. Research Equity Plus Fund
Class A
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Annual Fund Operating Expenses A, C, Select Shares JPMorgan U.S. Research Equity Plus Fund
Class A
Class C
Select Class
Management Fees 1.00% 1.00% 1.00%
Distribution (Rule 12b-1) Fees 0.25% 0.75% none
Other Expenses 3.06% 3.08% 3.08%
Dividend Expenses on Short Sales 1.09% 1.09% 1.09%
Shareholder Service Fees 0.25% 0.25% 0.25%
Remainder of Other Expenses 1.72% 1.74% 1.74%
Total Annual Fund Operating Expenses 4.31% 4.83% 4.08%
Fee Waivers and Expense Reimbursements [1] (1.97%) (1.99%) (1.99%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 2.34% 2.84% 2.09%
[1] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13, and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, C, Select Shares JPMorgan U.S. Research Equity Plus Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
750 1,594 2,450 4,642
CLASS C SHARES
387 1,276 2,268 4,762
SELECT CLASS SHARES
212 1,060 1,923 4,151
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, C, Select Shares JPMorgan U.S. Research Equity Plus Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
750 1,594 2,450 4,642
CLASS C SHARES
287 1,276 2,268 4,762
SELECT CLASS SHARES
212 1,060 1,923 4,151
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate (including short sales) was 75% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will invest in equity securities of large capitalization, U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Large capitalization companies are companies with market capitalizations of at least $4 billion at the time of purchase. In implementing its strategy, the Fund invests primarily in common stocks, real estate investment trusts (REITs) and depositary receipts. The adviser also generally is sector neutral relative to the S&P 500 Index and emphasizes stock selection as the primary means of generating returns.

“Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index as well as relative to traditional strategies that do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund’s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund’s net exposure to the market at a level similar to a traditional “long only” strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However the long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities and derivatives on those securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as:

  • catalysts that could trigger a rise in a stock’s price
  • impact on the overall risk of the portfolio relative to the benchmark
  • high potential reward compared to potential risk and
  • temporary mispricings caused by apparent market overreactions.
The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Foreign Securities Risk. To the extent the Fund invests in depositary receipts, such investments are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund, will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows the performance of the Fund’s Select Class Shares over the past calender year. The table shows the average annual total returns for the past one year and the life of the Fund. The table compares that performance to the S&P 500® Index and the Lipper Extended U.S. Large-Cap Core Funds Average, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter4th quarter, 20119.75%
Worst Quarter3rd quarter, 2011–15.52%

The Fund’s year-to-date total return through 9/30/12 was 19.04%.

AVERAGE ANNUAL TOTAL RETURNS
(For the period ended December 31, 2011)
Average Annual Total Returns A, C, Select Shares JPMorgan U.S. Research Equity Plus Fund
Past 1 Year
Life of Fund
Inception Date
SELECT CLASS SHARES
(3.10%) 2.02% Apr. 03, 2010
SELECT CLASS SHARES Return After Taxes on Distributions
(3.43%) 1.74% Apr. 03, 2010
SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
(1.60%) 1.66% Apr. 03, 2010
CLASS A SHARES
(8.36%) (1.33%) Apr. 03, 2010
CLASS C SHARES
(4.86%) 1.23% Apr. 03, 2010
S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
2.11% 6.41%  
LIPPER EXTENDED U.S. LARGE-CAP CORE FUNDS AVERAGE (Reflects No Deduction for Taxes)
(2.58%) 2.45%  
After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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A, C, Select Shares | JPMorgan Intrepid Multi Cap Fund
JPMorgan Intrepid Multi Cap Fund

Class/Ticker: A/JICAX; C/JICCX; Select/JIISX
What is the goal of the Fund?
The Fund seeks to provide long-term capital appreciation.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, C, Select Shares JPMorgan Intrepid Multi Cap Fund
Class A
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price 5.25% none none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Annual Fund Operating Expenses A, C, Select Shares JPMorgan Intrepid Multi Cap Fund
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 1.61% 1.62% 1.63%
Shareholder Service Fees 0.25% 0.25% 0.25%
Remainder of Other Expenses 1.36% 1.37% 1.38%
Total Annual Fund Operating Expenses 2.51% 3.02% 2.28%
Fee Waivers and Expense Reimbursements [1] (1.26%) (1.27%) (1.28%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.25% 1.75% 1.00%
[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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, C, Select Shares JPMorgan Intrepid Multi Cap Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
646 1,152 1,683 3,131
CLASS C SHARES
278 814 1,475 3,247
SELECT CLASS SHARES
102 589 1,103 2,516
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, C, Select Shares JPMorgan Intrepid Multi Cap Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
646 1,152 1,683 3,131
CLASS C SHARES
178 814 1,475 3,247
SELECT CLASS SHARES
102 589 1,103 2,516
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 57% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments across all market capitalizations. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund will generally invest in companies with a market capitalization of $500 million or greater at the time of purchase. In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 3000 Index that the adviser believes are undervalued and/or have strong momentum. In identifying securities that have strong momentum, the adviser looks for securities which have prices that have been increasing and that the adviser believes will continue to increase.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.

The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund’s investment criteria or if the adviser believes that more attractive opportunities are available.

The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Smaller Cap Company Risk. Although the Fund may invest in equity investments of companies across all market capitalizations, the Fund’s risks increase as it invests in smaller companies (mid cap and small cap companies). Smaller companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 3000® Index and the Lipper Multi-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The Fund’s performance prior to 4/10/06 may be less pertinent for investors considering whether to purchase shares of the Fund because of changes made to the Fund’s investment policies beginning at that time. The performance of the Class A and Class C Shares is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter3rd quarter, 200918.50%
Worst Quarter4th quarter, 2008–24.34%

The Fund’s year-to-date total return through 9/30/12 was 19.73%.

AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Average Annual Total Returns A, C, Select Shares JPMorgan Intrepid Multi Cap Fund
Past 1 Year
Past 5 Years
Life of Fund
Inception Date
SELECT CLASS SHARES
0.21% (2.23%) 6.86% Feb. 28, 2003
SELECT CLASS SHARES Return After Taxes on Distributions
(0.02%) (2.51%) 6.08% Feb. 28, 2003
SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
0.44% (1.91%) 5.86% Feb. 28, 2003
CLASS A SHARES
(5.34%) (3.53%) 6.00% Feb. 28, 2003
CLASS C SHARES
(1.57%) (2.97%) 6.23% Feb. 28, 2003
RUSSELL 3000 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
1.03% (0.01%) 7.38%  
LIPPER MULTI-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
(2.81%) (0.32%) 7.26%  
After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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A, B, C, Select Shares | JPMorgan U.S. Equity Fund
JPMorgan U.S. Equity Fund

Class/Ticker: A/JUEAX; B/JUEBX; C/JUECX; Select/JUESX
What is the goal of the Fund?
The Fund seeks to provide high total return from a portfolio of selected equity securities.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, B, C, Select Shares JPMorgan U.S. Equity Fund
Class A
Class B
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 5.00% 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Annual Fund Operating Expenses A, B, C, Select Shares JPMorgan U.S. Equity Fund
Class A
Class B
Class C
Select Class
Management Fees 0.40% 0.40% 0.40% 0.40%
Distribution (Rule 12b-1) Fees 0.25% 0.75% 0.75% none
Other Expenses 0.43% 0.43% 0.43% 0.43%
Shareholder Service Fees 0.25% 0.25% 0.25% 0.25%
Remainder of Other Expenses 0.18% 0.18% 0.18% 0.18%
Total Annual Fund Operating Expenses 1.08% 1.58% 1.58% 0.83%
Fee Waivers and Expense Reimbursements [1] (0.11%) (0.11%) (0.11%) (0.04%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 0.97% 1.47% 1.47% 0.79%
[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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.97%, 1.47%, 1.47% and 0.79%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, B, C, Select Shares JPMorgan U.S. Equity Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
619 840 1,079 1,764
CLASS B SHARES
650 788 1,050 1,735
CLASS C SHARES
250 488 850 1,869
SELECT CLASS SHARES
81 261 457 1,022
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, B, C, Select Shares JPMorgan U.S. Equity Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
619 840 1,079 1,764
CLASS B SHARES
150 488 850 1,735
CLASS C SHARES
150 488 850 1,869
SELECT CLASS SHARES
81 261 457 1,022
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 83% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. In implementing its strategy, the Fund primarily invests in common stocks of large- and medium-capitalization U.S. companies, but it may also invest up to 20% of its Assets in common stocks of foreign companies, including depositary receipts.

Sector by sector, the Fund’s weightings are similar to those of the S&P 500 Index. Within each sector, the Fund focuses on those equity securities that it considers most undervalued and seeks to outperform the S&P 500 through superior stock selection. By emphasizing undervalued equity securities, the Fund seeks to produce returns that exceed those of the S&P 500 Index. At the same time, by controlling the sector weightings of the Fund so they can differ only moderately from the sector weightings of the S&P 500 Index, the Fund seeks to limit its volatility to that of the overall market, as represented by this index.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

On behalf of the Fund, the adviser then buys and sells equity securities, using the research and valuation rankings as a basis. In general, the adviser buys equity securities that are identified as undervalued and considers selling them when they appear to be overvalued. Along with attractive valuation, the adviser often considers a number of other criteria:

  • catalysts that could trigger a rise in a stock’s price
  • high potential reward compared to potential risk
  • temporary mispricings caused by apparent market overreactions.
The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Mid Cap Company Risk. Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. The securities of mid cap companies may trade less frequently and in smaller volumes than securities of larger companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Strategy Risk. An undervalued stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company’s value or the factors that the adviser believes will cause the stock price to increase do not occur.

Foreign Securities Risk. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the S&P 500 Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter2nd quarter, 200318.00%
Worst Quarter4th quarter, 2008–20.57%

The Fund’s year-to-date total return through 9/30/12 was 16.55%.

AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Average Annual Total Returns A, B, C, Select Shares JPMorgan U.S. Equity Fund
Past 1 Year
Past 5 Years
Past 10 Years
SELECT CLASS SHARES
(1.56%) 1.51% 3.37%
SELECT CLASS SHARES Return After Taxes on Distributions
(1.82%) 0.67% 2.60%
SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
(0.66%) 1.04% 2.69%
CLASS A SHARES
(6.98%) 0.19% 2.56%
CLASS B SHARES
(7.35%) 0.35% 2.64%
CLASS C SHARES
(3.29%) 0.75% 2.52%
S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
2.11% (0.25%) 2.92%
LIPPER LARGE-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
0.09% (0.60%) 2.16%
After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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A, B, C, Select Shares | JPMorgan Dynamic Small Cap Growth Fund
JPMorgan Dynamic Small Cap Growth Fund

Class/Ticker:
A/VSCOX; B/VSCBX; C/VSCCX; Select/JDSCX

Currently, the Fund is publicly offered on a limited basis. (See “Purchasing Fund Shares — What does it mean that the Dynamic Small Cap Growth Fund and the Small Cap Growth Fund are publicly offered on a limited basis?” in the prospectus for more information.)
What is the goal of the Fund?
The Fund seeks capital growth over the long term.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, B, C, Select Shares JPMorgan Dynamic Small Cap Growth Fund
Class A
Class B
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 5.00% 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Annual Fund Operating Expenses A, B, C, Select Shares JPMorgan Dynamic Small Cap Growth Fund
Class A
Class B
Class C
Select Class
Management Fees 0.65% 0.65% 0.65% 0.65%
Distribution (Rule 12b-1) Fees 0.25% 0.75% 0.75% none
Other Expenses 0.58% 0.58% 0.58% 0.57%
Shareholder Service Fees 0.25% 0.25% 0.25% 0.25%
Remainder of Other Expenses 0.33% 0.33% 0.33% 0.32%
Total Annual Fund Operating Expenses 1.48% 1.98% 1.98% 1.22%
Fee Waivers and Expense Reimbursements [1] none none none (0.12%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.48% 1.98% 1.98% 1.10%
[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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.50%, 2.10%, 2.10% and 1.10%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, B, C, Select Shares JPMorgan Dynamic Small Cap Growth Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
668 968 1,291 2,201
CLASS B SHARES
701 921 1,268 2,177
CLASS C SHARES
301 621 1,068 2,306
SELECT CLASS SHARES
112 375 659 1,467
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, B, C, Select Shares JPMorgan Dynamic Small Cap Growth Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
668 968 1,291 2,201
CLASS B SHARES
201 621 1,068 2,177
CLASS C SHARES
201 621 1,068 2,306
SELECT CLASS SHARES
112 375 659 1,467
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 63% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations equal to those within the universe of the Russell 2000® Growth Index and/or with market capitalizations of less than $3.5 billion at the time of purchase. As of the date of the last reconstitution of the Russell 2000 Growth Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. In implementing its main strategies, the Fund invests primarily in common stocks.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the Fund’s adviser seeks to outperform the Fund’s benchmark while maintaining a moderate risk profile. The adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. Growth companies purchased for the Fund include those with leading competitive positions, predictable and durable business models and management that can achieve sustained growth.

The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Small Cap Company Risk. Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Growth Investing Risk. Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may trade at higher multiples of current earnings compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell 2000® Growth Index and Lipper Small-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.

The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter4th quarter, 201018.90%
Worst Quarter4th quarter, 2008–26.98%

The Fund’s year-to-date total return through 9/30/12 was 13.69%.

AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Average Annual Total Returns A, B, C, Select Shares JPMorgan Dynamic Small Cap Growth Fund
Past 1 Year
Past 5 Years
Past 10 Years
CLASS A SHARES
(8.91%) (0.28%) 3.45%
CLASS A SHARES Return After Taxes on Distributions
(8.91%) (0.63%) 2.89%
CLASS A SHARES Return After Taxes on Distributions and Sale of Fund Shares
(5.79%) (0.31%) 2.81%
CLASS B SHARES
(9.33%) (0.18%) 3.51%
CLASS C SHARES
(5.33%) 0.22% 3.40%
SELECT CLASS SHARES
(3.56%) 1.19% 4.42%
RUSSELL 2000 GROWTH INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
(2.91%) 2.09% 4.48%
LIPPER SMALL-CAP GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
(3.40%) 1.14% 3.65%
After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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A, C, Select Shares | JPMorgan Intrepid America Fund
JPMorgan Intrepid America Fund

Class/Ticker: A/JIAAX; C/JIACX; Select/JPIAX
What is the goal of the Fund?
The Fund seeks to provide long-term capital growth.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, C, Select Shares JPMorgan Intrepid America Fund
Class A
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Annual Fund Operating Expenses A, C, Select Shares JPMorgan Intrepid America Fund
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 0.37% 0.38% 0.37%
Shareholder Service Fees 0.25% 0.25% 0.25%
Remainder of Other Expenses 0.12% 0.13% 0.12%
Acquired Fund Fees and Expenses 0.01% 0.01% 0.01%
Total Annual Fund Operating Expenses 1.28% 1.79% 1.03%
Fee Waivers and Expense Reimbursements [1] (0.02%) (0.03%) (0.02%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.26% 1.76% 1.01%
[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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, C, Select Shares JPMorgan Intrepid America Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
647 908 1,189 1,987
CLASS C SHARES
279 560 967 2,103
SELECT CLASS SHARES
103 326 567 1,258
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, C, Select Shares JPMorgan Intrepid America Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
647 908 1,189 1,987
CLASS C SHARES
179 560 967 2,103
SELECT CLASS SHARES
103 326 567 1,258
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 95% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments of large and mid capitalization U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund generally defines large capitalization companies as those with a market capitalization over $10 billion at the time of purchase, and mid capitalization companies as those with market capitalization between $1 billion and $10 billion at the time of purchase.

In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 1000 Index that the adviser believes have characteristics such as attractive valuations, high quality and/or strong momentum that should lead to relative out performance. In identifying high quality securities, the adviser looks for profitable companies with sustainable earnings and disciplined management. In identifying securities that have strong momentum, the adviser looks for securities which have prices and/or earnings that have been increasing and that the adviser believes will continue to increase.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.

The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund’s investment criteria or if the adviser believes that more attractive opportunities are available.

The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Mid Cap Company Risk. Because the Fund may invest in large and mid capitalization companies, the Fund’s risks increase as it invests more heavily in mid capitalization companies. Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 1000® Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares in the table is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter3rd quarter, 200917.87%
Worst Quarter4th quarter, 2008–22.19%

The Fund’s year-to-date total return through 9/30/12 was 17.44%.

AVERAGE ANNUAL TOTAL RETURNS
(For the period ended December 31, 2011)
Average Annual Total Returns A, C, Select Shares JPMorgan Intrepid America Fund
Past 1 Year
Past 5 Years
Life of Fund
Inception Date
SELECT CLASS SHARES
(0.06%) (1.35%) 7.40% Feb. 28, 2003
SELECT CLASS SHARES Return After Taxes on Distributions
(0.19%) (1.76%) 6.88% Feb. 28, 2003
SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
0.14% (1.18%) 6.34% Feb. 28, 2003
CLASS A SHARES
(5.55%) (2.65%) 6.55% Feb. 28, 2003
CLASS C SHARES
(1.84%) (2.09%) 6.77% Feb. 28, 2003
RUSSELL 1000 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
1.50% (0.02%) 7.19%  
LIPPER LARGE-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
0.09% (0.60%) 5.73%  
After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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A, C Shares | JPMorgan Dynamic Growth Fund
JPMorgan Dynamic Growth Fund
What is the goal of the Fund?
The Fund seeks long-term capital growth.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 25 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, C Shares JPMorgan Dynamic Growth Fund
Class A
Class C
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00%
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value of your
investment)
Annual Fund Operating Expenses A, C Shares JPMorgan Dynamic Growth Fund
Class A
Class C
Management Fees 0.60% 0.60%
Distribution (Rule 12b-1) Fees 0.25% 0.75%
Other Expenses 0.59% 0.59%
Shareholder Service Fees 0.25% 0.25%
Remainder of Other Expenses 0.34% 0.34%
Acquired Fund Fees and Expenses 0.01% 0.01%
Total Annual Fund Operating Expenses 1.45% 1.95%
Fee Waivers and Expense Reimbursements [1] (0.19%) (0.19%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.26% 1.76%
[1] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses of Class A and Class C Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25% and 1.75%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, C Shares JPMorgan Dynamic Growth Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
647 942 1,258 2,154
CLASS C SHARES
279 594 1,035 2,259
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, C Shares JPMorgan Dynamic Growth Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
647 942 1,258 2,154
CLASS C SHARES
179 594 1,035 2,259
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 99% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, the Fund invests in a focused portfolio of equity securities of large capitalization companies. Large cap companies are companies with market capitalizations equal to those within the universe of the Russell 1000® Growth Index at the time of purchase. Typically, the Fund invests in common stocks of companies with a history of above-average growth or companies expected to enter periods of above-average growth. Although the Fund will invest primarily in equity securities of U.S. companies, it may invest up to 20% of its total assets in foreign securities, including depositary receipts.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

The Fund is non-diversified.

Investment Process: The Fund’s adviser will utilize a combination of qualitative analysis and quantitative metrics in order to seek to achieve target returns which are higher than the Fund’s benchmark while attempting to maintain a moderate risk profile. In managing the Fund, the adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. The adviser looks for companies with leading competitive positions, predictable and durable business models and management that can achieve sustained growth.

The adviser may sell a security for several reasons. The adviser may sell a security due to a change in the company’s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be reasonably valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Growth Investing Risk. Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may also trade at higher multiples of current earnings, compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Foreign Securities Risk. Investments in foreign issuers are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets.

Non-Diversified Fund Risk. Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results among those issuing the securities.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund. The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Subsequent to the inception of the Fund on 11/30/07 until 8/6/10, the Fund did not experience any shareholder purchase and sale activity. If such shareholder activity had occurred, the Fund’s performance may have been impacted. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.

The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance would have been lower.

YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter3rd quarter, 201015.73%
Worst Quarter4th quarter, 2008–24.74%

The Fund’s year-to-date total return through 9/30/12 was 20.30%.

AVERAGE ANNUAL TOTAL RETURNS
(For the period ended December 31, 2011)
Average Annual Total Returns A, C Shares JPMorgan Dynamic Growth Fund
Past 1 Year
Life of Fund
Inception Date
CLASS A SHARES
(9.91%) (2.80%) Nov. 30, 2007
CLASS A SHARES Return After Taxes on Distributions
(9.91%) (2.81%) Nov. 30, 2007
CLASS A SHARES Return After Taxes on Distributions and Sale of Fund Shares
(6.44%) (2.37%) Nov. 30, 2007
CLASS C SHARES
(6.41%) (2.00%) Nov. 30, 2007
RUSSELL 1000 GROWTH INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
2.64% 0.20%  
LIPPER LARGE-CAP GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
(2.90%) (2.33%)  
After-tax returns are shown only for the Class A Shares, and after-tax returns for the other class will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
XML 28 R175.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund II
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan U.S. Large Cap Core Plus Fund II
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide a high total return from a portfolio of selected equity securities
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock with a secondary focus on maximizing after-tax return.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 25 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal period (October 3, 2011 through June 30, 2012), the Fund’s portfolio turnover rate (including short sales) was 80% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 80.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock In seeking to meet its objectives, the Fund will 1) take long and short positions in equity securities of U.S. large-cap companies in an effort to increase the Fund’s return relative to the S&P 500 Index, the Fund’s benchmark, and to traditional large-cap strategies which do not have the ability to sell stock short, while keeping the Fund’s net exposure to the equity market at a level similar to a traditional “long-only” strategy, and 2) manage both its long and short positions in a manner that seeks to maximize after-tax return. In combining these approaches, the Fund not only endeavors to outperform traditional “long-only” strategies, but also “long-only” tax aware strategies.

Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will consist of equity securities of large capitalization U.S. companies. Large capitalization companies are companies with market capitalizations of at least $4 billion at the time of purchase. “Assets” means net assets, plus the amount of borrowings for investment purposes. These equity securities will be selected from the universe of publicly traded securities with characteristics similar to those of large capitalization companies in the S&P 500 Index. In implementing its strategies, the Fund invests primarily in common stocks of U.S. companies, but may also invest up to 20% of its Assets in common stocks of foreign companies, including depositary receipts.

“Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index, as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund’s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping its net exposure to the market at a level similar to a traditional “long-only” strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However, the long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets.

In implementing its secondary objective of maximizing after-tax return, the Fund employs a number of tax aware strategies and seeks to minimize shareholder’s tax liability in connection with the Fund’s distribution of realized capital gain by minimizing the net gain available for distribution. The Fund typically sells securities when the anticipated performance benefit justifies the resulting gain. This strategy often includes minimizing the sale of securities with large unrealized gains, holding securities long enough to avoid short-term capital gains, endeavoring to sell securities with a high cost basis first and offsetting capital gains realized in one security by selling another security at a capital loss. Because the Fund also has the ability to short securities, it can implement additional tax-aware strategies that have the potential to increase the after-tax benefits to shareholders. These include the ability to realize additional capital losses regardless of market conditions and to net dividend expenses associated with the Fund’s short positions against the Fund’s dividend income. If the Fund distributes net investment income, the Fund will seek to maximize its ability to distribute dividends designated as qualified dividend income (which is taxed at the lower long-term capital gains rate rather than at the higher tax rate for ordinary income (for non-corporate shareholders)). However, it is possible that a portion of the Fund’s distributions will be taxed as ordinary income.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as:

  • catalysts that could trigger a rise in a stock’s price
  • high perceived potential reward compared to perceived potential risk
  • possible temporary mispricings caused by apparent market overreactions
Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

Tax Aware Investing Risk. The Fund’s tax aware strategies may reduce your taxable income, but will not eliminate it. These strategies may require trade-offs that reduce pretax income.

Managing the Fund to maximize after-tax returns may also potentially have a negative effect on the Fund’s performance. Because tax consequences are considered in managing the Fund, the Fund’s pre-tax performance may be lower than that of a similar fund that is not tax-managed.

Foreign Securities Risk. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

Derivatives Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities held long (or appreciating prices of securities held short), or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund commenced operations on October 3, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of the Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund commenced operations on October 3, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund.
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Although past performance of the Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund II | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load) as a % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 3.71%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.45%
Other Expenses rr_OtherExpensesOverAssets 4.41%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.66%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (3.96%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.70% [2]
1 Year rr_ExpenseExampleYear01 689
3 Years rr_ExpenseExampleYear03 1,789
5 years rr_ExpenseExampleYear05 2,876
10 years rr_ExpenseExampleYear10 5,529
1 Year rr_ExpenseExampleNoRedemptionYear01 689
3 Years rr_ExpenseExampleNoRedemptionYear03 1,789
5 years rr_ExpenseExampleNoRedemptionYear05 2,876
10 years rr_ExpenseExampleNoRedemptionYear10 5,529
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund II | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) as a % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 3.69%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.45%
Other Expenses rr_OtherExpensesOverAssets 4.39%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 6.14%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (3.94%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 2.20% [2]
1 Year rr_ExpenseExampleYear01 323
3 Years rr_ExpenseExampleYear03 1,471
5 years rr_ExpenseExampleYear05 2,691
10 years rr_ExpenseExampleYear10 5,621
1 Year rr_ExpenseExampleNoRedemptionYear01 223
3 Years rr_ExpenseExampleNoRedemptionYear03 1,471
5 years rr_ExpenseExampleNoRedemptionYear05 2,691
10 years rr_ExpenseExampleNoRedemptionYear10 5,621
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund II | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) as a % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 3.73%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.45%
Other Expenses rr_OtherExpensesOverAssets 4.43%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.43%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (3.98%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.45% [2]
1 Year rr_ExpenseExampleYear01 148
3 Years rr_ExpenseExampleYear03 1,267
5 years rr_ExpenseExampleYear05 2,377
10 years rr_ExpenseExampleYear10 5,111
1 Year rr_ExpenseExampleNoRedemptionYear01 143
3 Years rr_ExpenseExampleNoRedemptionYear03 1,267
5 years rr_ExpenseExampleNoRedemptionYear05 2,377
10 years rr_ExpenseExampleNoRedemptionYear10 5,111
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses related to short 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 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
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A, C, Select Shares | JPMorgan Mid Cap Core Fund
JPMorgan Mid Cap Core Fund

Class/Ticker: A/JMRAX; C/JMRCX; Select/JMRSX
What is the goal of the Fund?
The Fund seeks long-term capital appreciation.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, C, Select Shares JPMorgan Mid Cap Core Fund
Class A
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Annual Fund Operating Expenses A, C, Select Shares JPMorgan Mid Cap Core Fund
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 0.41% 0.41% 0.41%
Shareholder Service Fees 0.25% 0.25% 0.25%
Remainder of Other Expenses 0.16% 0.16% 0.16%
Acquired Fund Fees and Expenses 0.01% 0.01% 0.01%
Total Annual Fund Operating Expenses 1.32% 1.82% 1.07%
Fee Waivers and Expense Reimbursements [1] (0.06%) (0.06%) (0.06%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.26% 1.76% 1.01%
[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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short 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 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which the Service Providers will determine whether to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, C, Select Shares JPMorgan Mid Cap Core Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
647 916 1,205 2,027
CLASS C SHARES
279 567 980 2,132
SELECT CLASS SHARES
103 334 584 1,300
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, C, Select Shares JPMorgan Mid Cap Core Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
647 916 1,205 2,027
CLASS C SHARES
179 567 980 2,132
SELECT CLASS SHARES
103 334 584 1,300
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 44% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of mid cap companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Mid cap companies are companies with market capitalizations equal to those within the universe of the Russell Midcap Index at the time of purchase. As of the last reconstitution of the Russell Midcap Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $1.4 billion to $17.4 billion. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs).

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a fundamental bottom-up investment process. The adviser seeks to invest in companies with leading competitive advantages, durable business models and sustainable free cash flow generation with management committed to increasing shareholder value. It also looks to invest in securities that are trading at a discount to their intrinsic value.

The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Mid Cap Company Risk. Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit- worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares over the past calendar year. The table shows the average annual total returns for the past one year and the life of the Fund. The table compares that performance to the Russell Midcap Index and the Lipper Mid-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter4th quarter, 201114.06%
Worst Quarter3rd quarter, 2011–17.94%

The Fund’s year-to-date total return through 9/30/12 was 10.64%.

AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Average Annual Total Returns A, C, Select Shares JPMorgan Mid Cap Core Fund
Past 1 Year
Life of Fund
Inception Date
SELECT CLASS SHARES
1.49% 6.88% Nov. 30, 2010
SELECT CLASS SHARES Return After Taxes on Distributions
1.44% 6.82% Nov. 30, 2010
SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
1.02% 5.84% Nov. 30, 2010
CLASS A SHARES
(4.07%) 1.47% Nov. 30, 2010
CLASS C SHARES
(0.20%) 6.11% Nov. 30, 2010
RUSSELL MIDCAP INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
(1.55%) 4.85%  
LIPPER MID-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
(5.65%) 1.28%  
After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

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R2, R5, R6 Shares | JPMorgan Quantitative Large Cap Plus Fund
JPMorgan Quantitative Large Cap Plus Fund

Class/Ticker:
R2/JQGZX; R5/JQGRX; R6/*


*The Share Class does not have an exchange ticker symbol because it currently is not offered to the general public.
What is the goal of the Fund?
The Fund seeks to provide total return.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Annual Fund Operating Expenses R2, R5, R6 Shares JPMorgan Quantitative Large Cap Plus Fund
Class R2
Class R5
Class R6
Management Fees 0.75% 0.75% 0.75%
Distribution (Rule 12b-1) fees 0.50% none none
Other Expenses [1] 1.24% 1.04% 0.99%
Dividend Expenses on Short Sales 0.68% 0.68% 0.68%
Shareholder Service Fees 0.25% 0.05% none
Remainder of Other Expenses 0.31% 0.31% 0.31%
Total Annual Fund Operating Expenses 2.49% 1.79% 1.74%
Fee Waivers and/or Expense Reimbursements [2] (0.61%) (0.51%) (0.51%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [2] 1.88% 1.28% 1.23%
[1] "Other Expenses" are based on estimated amounts for the current fiscal year.
[2] 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 Fund Operating Expenses (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.20%, 0.60%, and 0.55% of the average daily net assets of the Class R2, Class R5, and Class R6 Shares, respectively. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Expense Example R2, R5, R6 Shares JPMorgan Quantitative Large Cap Plus Fund (USD $)
1 Year
3 Years
CLASS R2 SHARES
191 717
CLASS R5 SHARES
130 514
CLASS R6 SHARES
125 498
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Expense Example, No Redemption R2, R5, R6 Shares JPMorgan Quantitative Large Cap Plus Fund (USD $)
1 Year
3 Years
CLASS R2 SHARES
191 717
CLASS R5 SHARES
130 514
CLASS R6 SHARES
125 498
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance.
What are the Fund’s main investment strategies?
The Fund will invest primarily in long and short positions of equity securities issued by large capitalization companies and intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value).

Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will consist of securities of publicly traded large capitalization securities. Large capitalization securities are those equity securities of companies with market capitalizations similar to those within the universe of the S&P 500 Index at the time of purchase. Equity securities in which the Fund invests significantly are common stocks of U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes.

“Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund’s net exposure to the market at a level similar to a traditional “long only” strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

The long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets. In rising markets, the Fund expects that the long positions will appreciate more rapidly than the short positions, and in declining markets, the Fund expects the value of the short positions will decline faster than the long positions. As a result, in declining markets, the Fund expects that it will be able to close out its short positions at a lower cost resulting in additional gain to the Fund.

The Fund intends to invest in a variety of equity securities and, ordinarily, no single equity exposure is expected to make up more than 5% of the gross long exposure except that companies with large weights in the Fund’s benchmark may be held as overweights in the Fund, resulting in positions of greater than 5% in those securities.

Investment Process: The adviser’s investment process is based upon a quantitative multi-factor model with a qualitative over- lay. The adviser uses its quantitative multi-factor model to collect quantitative and fundamental investment data designed to evaluate the relative attractiveness of stocks. The quantitative multi-factor model puts an emphasis on valuation drivers and growth drivers. The valuation drivers include factors such as discounted cash flows and price-to-book values and the growth drivers include factors such as revisions of earning estimates and earnings growth rates. The adviser generally buys long positions in securities that are ranked favorably by its quantitative multi-factor model and sells short securities that are ranked unfavorably. The adviser generally sells long positions in securities that are no longer favorably ranked and covers short positions in securities that are no longer unfavorably ranked. The adviser may also buy, sell, sell short and cover short positions in securities that it views as similarly ranked.

In constructing the Fund’s portfolio, the adviser employs a bottom up stock selection process in combination with its qualitative overlay to determine the weights of each model factor and the risk posture of the Fund. The adviser may invest across different industries and sectors targeting both value-and growth-oriented domestic companies. Viewed sector by sector, the Fund’s net weightings of equity securities will generally be similar to those of its benchmark index, the S&P 500 Index. The adviser uses its qualitative analysis to over and underweight sectors, industries and stocks versus the S&P 500 Index. Sector and industry positioning is used to enhance returns and for risk management.

The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Strategy Risk. There is no guarantee that the use of long and short positions will succeed in limiting the Fund’s exposure to domestic stock market movements, capitalization, sector swings or other risk factors.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
The Fund has not operated for a calendar year as of the date of this prospectus. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of a Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, Select Shares | JPMorgan Disciplined Equity Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Disciplined Equity Fund

Class/Ticker: A/JDEAX; Select/JDESX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide a consistently high total return from a broadly diversified portfolio of equity securities with risk characteristics similar to the Standard and Poor’s 500 Composite Stock Price Index (S&P 500 Index).
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 198% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 198.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities. “Assets” means net assets plus the amount of borrowings for investment purposes. In implementing this strategy, the Fund primarily invests in the common stocks of U.S. companies with market capitalizations similar to those within the universe of the S&P 500 Index. As of the last reconstitution of the S&P 500 Index on September 30, 2012, the market capitalizations of the companies in the index ranged from $965 million to $647 billion. Sector by sector, the Fund’s weightings are similar to those of the S&P 500 Index. Within each sector, the Fund modestly overweights equity securities that it considers undervalued or fairly valued while modestly underweighting or not holding equity securities that appear overvalued. By owning a large number of equity securities within the S&P 500 Index, with an emphasis on those that appear undervalued or fairly valued, the Fund seeks returns that modestly exceed those of the S&P 500 Index over the long term with a modest level of volatility.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

On behalf of the Fund, the adviser then buys and sells equity securities, using the research and valuation rankings as a basis. In general, the adviser buys equity securities that are identified as undervalued and considers selling them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria:

  • catalysts that could trigger a rise in a stock’s price
  • Impact on the overall risk of the portfolio relative to the benchmark
  • high perceived potential reward compared to perceived potential risk
  • possible temporary mispricings caused by apparent market overreactions.
Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Mid Cap Company Risk. Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the S&P 500 Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the S&P 500 Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter2nd quarter, 200916.74%
Worst Quarter4th quarter, 2008–21.44%

The Fund’s year-to-date total return through 9/30/12 was 16.97%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and the after-tax return for the other class will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and the after-tax return for the other class will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, Select Shares | JPMorgan Disciplined Equity Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.25%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.13%
Other Expenses rr_OtherExpensesOverAssets 0.38%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.88%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.03%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 0.85% [2]
1 Year rr_ExpenseExampleYear01 607
3 Years rr_ExpenseExampleYear03 788
5 Years rr_ExpenseExampleYear05 984
10 Years rr_ExpenseExampleYear10 1,550
1 Year rr_ExpenseExampleNoRedemptionYear01 607
3 Years rr_ExpenseExampleNoRedemptionYear03 788
5 Years rr_ExpenseExampleNoRedemptionYear05 984
10 Years rr_ExpenseExampleNoRedemptionYear10 1,550
Past 1 Year rr_AverageAnnualReturnYear01 (4.57%)
Past 5 Years rr_AverageAnnualReturnYear05 (1.05%)
Past 10 Years rr_AverageAnnualReturnYear10 1.90%
A, Select Shares | JPMorgan Disciplined Equity Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.25%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.14%
Other Expenses rr_OtherExpensesOverAssets 0.39%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.64%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.04%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 0.60% [2]
1 Year rr_ExpenseExampleYear01 61
3 Years rr_ExpenseExampleYear03 201
5 Years rr_ExpenseExampleYear05 353
10 Years rr_ExpenseExampleYear10 795
1 Year rr_ExpenseExampleNoRedemptionYear01 61
3 Years rr_ExpenseExampleNoRedemptionYear03 201
5 Years rr_ExpenseExampleNoRedemptionYear05 353
10 Years rr_ExpenseExampleNoRedemptionYear10 795
2002 rr_AnnualReturn2002 (24.98%)
2003 rr_AnnualReturn2003 29.45%
2004 rr_AnnualReturn2004 11.03%
2005 rr_AnnualReturn2005 3.61%
2006 rr_AnnualReturn2006 15.45%
2007 rr_AnnualReturn2007 4.99%
2008 rr_AnnualReturn2008 (36.80%)
2009 rr_AnnualReturn2009 31.28%
2010 rr_AnnualReturn2010 15.25%
2011 rr_AnnualReturn2011 1.01%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 16.97%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 16.74%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.44%)
Past 1 Year rr_AverageAnnualReturnYear01 1.01%
Past 5 Years rr_AverageAnnualReturnYear05 0.28%
Past 10 Years rr_AverageAnnualReturnYear10 2.72%
A, Select Shares | JPMorgan Disciplined Equity Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 0.80%
Past 5 Years rr_AverageAnnualReturnYear05 none
Past 10 Years rr_AverageAnnualReturnYear10 2.47%
A, Select Shares | JPMorgan Disciplined Equity Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 0.93%
Past 5 Years rr_AverageAnnualReturnYear05 0.19%
Past 10 Years rr_AverageAnnualReturnYear10 2.29%
A, Select Shares | JPMorgan Disciplined Equity Fund | S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 2.11%
Past 5 Years rr_AverageAnnualReturnYear05 (0.25%)
Past 10 Years rr_AverageAnnualReturnYear10 2.92%
A, Select Shares | JPMorgan Disciplined Equity Fund | LIPPER LARGE-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 0.09%
Past 5 Years rr_AverageAnnualReturnYear05 (0.60%)
Past 10 Years rr_AverageAnnualReturnYear10 2.16%
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.85% and 0.60%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.

XML 35 R183.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, B, C, Select Shares | JPMorgan Growth and Income Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Growth and Income Fund

Class/Ticker:
A/VGIRX; B/VINBX; C/VGICX; Select/VGIIX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide capital growth over the long-term and to earn income from dividends.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Fund — SALES CHARGES” on page 16 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 28% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 28.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in common stocks. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund’s adviser applies an active equity management style focused on identifying attractively valued stocks given their growth potential over a long-term time horizon. The securities held by the Fund will predominantly be of companies with market capitalizations similar to those within the universe of S&P 500/Citigroup Value Index stocks.

While common stocks are the Fund’s primary investment, the Fund may also invest significantly in real estate investment trusts (REITs) and depositary receipts.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser will emphasize companies which are leaders within their sectors. The Fund will also emphasize companies with attractive valuations and low price-to-cash flows ratios. The Fund will seek to earn income by investing in companies that display, or have the potential for displaying, level or rising dividends. The adviser employs a bottom-up approach to stock selection, constructing portfolios based on company fundamentals, quantitative screening and proprietary fundamental analysis. The adviser looks for undervalued companies with durable franchises, strong management and the ability to grow their intrinsic value per share.

The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Strategy Risk. An undervalued stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company’s value or the factors that the adviser believes will cause the stock price to increase do not occur.

Mid Cap Company Risk. Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Foreign Securities Risk. To the extent that the Fund invests in depositary receipts, such investments are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the S&P 500/Citigroup Value Index, and the Lipper Large-Cap Value Funds Index and Lipper Large-Cap Core Funds Index, both of which are indexes based on the total returns of certain large cap mutual funds as determined by Lipper. Unlike the other index, the Lipper indexes include the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.

The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the S&P 500/Citigroup Value Index, and the Lipper Large-Cap Value Funds Index and Lipper Large-Cap Core Funds Index, both of which are indexes based on the total returns of certain large cap mutual funds as determined by Lipper. Unlike the other index, the Lipper indexes include the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter2nd quarter, 200317.71%
Worst Quarter4th quarter, 2008–22.43%

The Fund’s year-to-date total return through 9/30/12 was 18.55%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Class A Shares, and after-tax returns for other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Class A Shares, and after-tax returns for other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, B, C, Select Shares | JPMorgan Growth and Income Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.40%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.29%
Other Expenses rr_OtherExpensesOverAssets 0.54%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.19%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.19% [2]
1 Year rr_ExpenseExampleYear01 640
3 Years rr_ExpenseExampleYear03 883
5 Years rr_ExpenseExampleYear05 1,145
10 Years rr_ExpenseExampleYear10 1,892
1 Year rr_ExpenseExampleNoRedemptionYear01 640
3 Years rr_ExpenseExampleNoRedemptionYear03 883
5 Years rr_ExpenseExampleNoRedemptionYear05 1,145
10 Years rr_ExpenseExampleNoRedemptionYear10 1,892
2002 rr_AnnualReturn2002 (17.47%)
2003 rr_AnnualReturn2003 26.78%
2004 rr_AnnualReturn2004 14.42%
2005 rr_AnnualReturn2005 4.08%
2006 rr_AnnualReturn2006 18.94%
2007 rr_AnnualReturn2007 0.35%
2008 rr_AnnualReturn2008 (40.34%)
2009 rr_AnnualReturn2009 22.05%
2010 rr_AnnualReturn2010 14.98%
2011 rr_AnnualReturn2011 0.32%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 18.55%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2003
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.71%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.43%)
Past 1 Year rr_AverageAnnualReturnYear01 (4.93%)
Past 5 Years rr_AverageAnnualReturnYear05 (3.42%)
Past 10 Years rr_AverageAnnualReturnYear10 2.03%
A, B, C, Select Shares | JPMorgan Growth and Income Fund | CLASS B SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 5.00%
Management Fees rr_ManagementFeesOverAssets 0.40%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.30%
Other Expenses rr_OtherExpensesOverAssets 0.55%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.70%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.70% [2]
1 Year rr_ExpenseExampleYear01 673
3 Years rr_ExpenseExampleYear03 836
5 Years rr_ExpenseExampleYear05 1,123
10 Years rr_ExpenseExampleYear10 1,874
1 Year rr_ExpenseExampleNoRedemptionYear01 173
3 Years rr_ExpenseExampleNoRedemptionYear03 536
5 Years rr_ExpenseExampleNoRedemptionYear05 923
10 Years rr_ExpenseExampleNoRedemptionYear10 1,874
Past 1 Year rr_AverageAnnualReturnYear01 (5.17%)
Past 5 Years rr_AverageAnnualReturnYear05 (3.31%)
Past 10 Years rr_AverageAnnualReturnYear10 2.17%
A, B, C, Select Shares | JPMorgan Growth and Income Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.40%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.29%
Other Expenses rr_OtherExpensesOverAssets 0.54%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.69%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.69% [2]
1 Year rr_ExpenseExampleYear01 272
3 Years rr_ExpenseExampleYear03 533
5 Years rr_ExpenseExampleYear05 918
10 Years rr_ExpenseExampleYear10 1,998
1 Year rr_ExpenseExampleNoRedemptionYear01 172
3 Years rr_ExpenseExampleNoRedemptionYear03 533
5 Years rr_ExpenseExampleNoRedemptionYear05 918
10 Years rr_ExpenseExampleNoRedemptionYear10 1,998
Past 1 Year rr_AverageAnnualReturnYear01 (1.15%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.85%)
Past 10 Years rr_AverageAnnualReturnYear10 2.07%
A, B, C, Select Shares | JPMorgan Growth and Income Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.40%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.29%
Other Expenses rr_OtherExpensesOverAssets 0.54%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.94%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.04%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 0.90% [2]
1 Year rr_ExpenseExampleYear01 92
3 Years rr_ExpenseExampleYear03 296
5 Years rr_ExpenseExampleYear05 516
10 Years rr_ExpenseExampleYear10 1,151
1 Year rr_ExpenseExampleNoRedemptionYear01 92
3 Years rr_ExpenseExampleNoRedemptionYear03 296
5 Years rr_ExpenseExampleNoRedemptionYear05 516
10 Years rr_ExpenseExampleNoRedemptionYear10 1,151
Past 1 Year rr_AverageAnnualReturnYear01 0.67%
Past 5 Years rr_AverageAnnualReturnYear05 (2.06%)
Past 10 Years rr_AverageAnnualReturnYear10 2.93%
A, B, C, Select Shares | JPMorgan Growth and Income Fund | Return After Taxes on Distributions | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (5.10%)
Past 5 Years rr_AverageAnnualReturnYear05 (4.10%)
Past 10 Years rr_AverageAnnualReturnYear10 1.48%
A, B, C, Select Shares | JPMorgan Growth and Income Fund | Return After Taxes on Distributions and Sale of Fund Shares | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.97%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.92%)
Past 10 Years rr_AverageAnnualReturnYear10 1.69%
A, B, C, Select Shares | JPMorgan Growth and Income Fund | S&P 500/CITIGROUP VALUE INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (0.48%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.96%)
Past 10 Years rr_AverageAnnualReturnYear10 2.87%
A, B, C, Select Shares | JPMorgan Growth and Income Fund | LIPPER LARGE-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 0.09%
Past 5 Years rr_AverageAnnualReturnYear05 (0.60%)
Past 10 Years rr_AverageAnnualReturnYear10 2.16%
A, B, C, Select Shares | JPMorgan Growth and Income Fund | LIPPER LARGE-CAP VALUE FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.17%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.26%)
Past 10 Years rr_AverageAnnualReturnYear10 2.59%
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceeds 1.30%, 1.80%, 1.80% and 0.90%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
XML 36 R128.htm IDEA: XBRL DOCUMENT v2.4.0.6
A, C, Select Shares | JPMorgan U.S. Small Company Fund
JPMorgan U.S. Small Company Fund

Class/Ticker: A/JTUAX; C/JTUCX; Select/JSCSX
What is the goal of the Fund?
The Fund seeks to provide high total return from a portfolio of small company stocks.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, C, Select Shares JPMorgan U.S. Small Company Fund
Class A
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Annual Fund Operating Expenses A, C, Select Shares JPMorgan U.S. Small Company Fund
Class A
Class C
Select Class
Management Fees 0.60% 0.60% 0.60%
Distribution (Rule 12b-1) Fees 0.25% 0.75% none
Other Expenses 0.74% 0.75% 0.75%
Shareholder Service Fees 0.25% 0.25% 0.25%
Remainder of Other Expenses 0.49% 0.50% 0.50%
Acquired Fund Fees and Expenses 0.01% 0.01% 0.01%
Total Annual Fund Operating Expenses 1.60% 2.11% 1.36%
Fee Waivers and Expense Reimbursements [1] (0.33%) (0.34%) (0.34%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.27% 1.77% 1.02%
[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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.26%, 1.76% and 1.01%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, C, Select Shares JPMorgan U.S. Small Company Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
648 973 1,321 2,299
CLASS C SHARES
280 628 1,103 2,415
SELECT CLASS SHARES
104 397 712 1,606
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, C, Select Shares JPMorgan U.S. Small Company Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
648 973 1,321 2,299
CLASS C SHARES
180 628 1,103 2,415
SELECT CLASS SHARES
104 397 712 1,606
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 74% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations similar to those within the universe of the Russell 2000® Index at the time of purchase. As of the last reconstitution of the Russell 2000 Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. Sector by sector, the Fund’s weightings are similar to those of the Russell 2000® Index. The Fund can moderately underweight or overweight sectors when it believes it will benefit performance. The Fund pursues returns that exceed those of the Russell 2000® Index while seeking to limit its volatility relative to this index. In implementing its main strategies, the Fund’s investments are primarily in common stocks and real estate investment trusts (REITs).

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a process that ranks stocks based on its proprietary stock ranking system. The rankings are then reviewed and adjusted utilizing fundamental research conducted by the investment team to enhance accuracy and consistency. The adjusted rankings are used to place stocks into portfolios. In general, stocks are purchased when they are among the top ranked within their sector. Stocks become candidates for sale when their ranking falls, when they appear unattractive or when the company is no longer a small cap company. The Fund may continue to hold the securities if it believes further substantial growth is possible. Risk factor exposures are managed through portfolio construction. Portfolio constraints control for sector weights, position sizes and/or style characteristics of the Fund.

The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Small Cap Company Risk. Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the performance of the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell 2000® Index and the Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance in the table for Class A and Class C Shares is based on the performance of Select Class Shares prior to their inception on 11/1/07. The actual returns of Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter2nd quarter, 200322.89%
Worst Quarter4th quarter, 2008–26.85%

The Fund’s year-to-date total return through 9/30/12 was 17.65%.

AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Average Annual Total Returns A, C, Select Shares JPMorgan U.S. Small Company Fund
Past 1 Year
Past 5 Years
Past 10 Years
SELECT CLASS SHARES
(3.86%) 0.18% 4.37%
SELECT CLASS SHARES Return After Taxes on Distributions
(3.90%) (0.76%) 3.24%
SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
(2.45%) 0.07% 3.64%
CLASS A SHARES
(9.08%) (1.12%) 3.69%
CLASS C SHARES
(5.53%) (0.45%) 4.05%
RUSSELL 2000 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
(4.18%) 0.15% 5.62%
LIPPER SMALL-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
(3.81%) 1.32% 5.81%
After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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A, C, Select Shares | JPMorgan Value Advantage Fund
JPMorgan Value Advantage Fund

Class/Ticker: A/JVAAX; C/JVACX; Select/JVASX
What is the goal of the Fund?
The Fund seeks to provide long-term total return from a combination of income and capital gains.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, C, Select Shares JPMorgan Value Advantage Fund
Class A
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Annual Fund Operating Expenses A, C, Select Shares JPMorgan Value Advantage Fund
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 0.51% 0.51% 0.51%
Shareholder Service Fees 0.25% 0.25% 0.25%
Remainder of Other Expenses 0.26% 0.26% 0.26%
Acquired Fund Fees and Expenses 0.02% 0.02% 0.02%
Total Annual Fund Operating Expenses 1.43% 1.93% 1.18%
Fee Waivers and Expense Reimbursements [1] (0.16%) (0.16%) (0.16%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.27% 1.77% 1.02%
[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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, C, Select Shares JPMorgan Value Advantage Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
648 939 1,251 2,135
CLASS C SHARES
280 591 1,027 2,241
SELECT CLASS SHARES
104 359 634 1,418
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, C, Select Shares JPMorgan Value Advantage Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
648 939 1,251 2,135
CLASS C SHARES
180 591 1,027 2,241
SELECT CLASS SHARES
104 359 634 1,418
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 49% of the average value of its portfolio.
What are the Fund’s main investment strategies?
The Fund will invest primarily in equity securities across all market capitalizations. The Fund may at any given time invest a significant portion of its assets in companies of one particular market capitalization category, such as large-capitalization companies. Equity securities in which the Fund primarily invests include common stocks and real estate investment trusts (REITs).

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a bottom-up approach to stock selection, constructing portfolios based on company fundamentals and proprietary fundamental analysis. The adviser’s aim is to identify undervalued companies that have the potential to grow their intrinsic values per share, and to purchase these companies at a discount.

The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Smaller Cap Company Risk. Because the Fund may invest in equity investments of companies across all market capitalizations, the Fund’s risks increase as it invests more heavily in smaller companies (mid cap and small cap companies). Smaller companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Value Investing Risk. A value stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company’s value or the factors that the adviser believes will cause the stock price to increase do not occur.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past six calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund. The table compares that performance to the Russell 3000® Value Index and the Lipper Multi-Cap Value Funds Index, an index based on the total return of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.

The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.

YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter3rd quarter, 200922.40%
Worst Quarter4th quarter, 2008–23.77%

The Fund’s year-to-date total return through 9/30/12 was 16.55%.

AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Average Annual Total Returns A, C, Select Shares JPMorgan Value Advantage Fund
Past 1 Year
Past 5 Years
Life of Fund
Inception Date
CLASS A SHARES
(4.21%) 0.56% 4.46% Feb. 28, 2005
CLASS A SHARES Return After Taxes on Distributions
(4.37%) 0.03% 3.93% Feb. 28, 2005
CLASS A SHARES Return After Taxes on Distributions and Sale of Fund Shares
(2.53%) 0.28% 3.64% Feb. 28, 2005
CLASS C SHARES
(0.39%) 1.14% 4.77% Feb. 28, 2005
SELECT CLASS SHARES
1.37% 1.91% 5.56% Feb. 28, 2005
RUSSELL 3000 VALUE INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
(0.10%) (2.58%) 1.85%  
LIPPER MULTI-CAP VALUE FUNDS INDEX (Reflects No Deduction for Taxes)
(4.12%) (3.02%) 0.91%  
After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan U.S. Dynamic Plus Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan U.S. Dynamic Plus Fund

Class/Ticker: A/JPSAX; C/JPSCX; Select/JILSX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate (including short sales) was 583% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 583.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund will invest at least 80% of its Assets in long and short positions with respect to equity securities of U.S. companies. These equity securities will primarily be common stocks. “Assets” means net assets, plus the amount of borrowings for investment purposes.

“Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. At the same time, by controlling factor or risk exposures through portfolio construction, the Fund seeks to limit its volatility to that of the overall market, as represented by the S&P 500 Index. Short sales involve the sale of a security which the fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However the long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.

The investment process identifies securities that have been mispriced by behavioral biases. Stocks are ranked based on their value, momentum or quality characteristics. In general, stocks are purchased when they are among the top ranked within their sector and are sold if the adviser determines that the issuer no longer meets the Fund’s investment criteria or if the adviser believes that more attractive opportunities are available. The adviser considers selling short or initiating underweight positions in the lowest ranked securities. Risk or factor exposures are actively managed through portfolio construction. Portfolio constraints control for sector weights, position sizes and style and size characteristics of the Fund.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

Mid Cap Company Risk. Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past five calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund. The table compares that performance to the Standard & Poor’s 500 Composite Stock Price Index (“S&P 500 Index”) and the Lipper Extended U.S. Large-Cap Core Funds Average, an average based on the total return of all funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past five calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Standard & Poor’s 500 Composite Stock Price Index (“S&P 500 Index”) and the Lipper Extended U.S. Large-Cap Core Funds Average, an average based on the total return of all funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter3rd quarter, 200918.11%
Worst Quarter4th quarter, 2008–21.26%

The Fund’s year-to-date total return through 9/30/12 was 15.98%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For the period ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, C, Select Shares | JPMorgan U.S. Dynamic Plus Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 1.25%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.28%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.51%
Other Expenses rr_OtherExpensesOverAssets 1.04%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.10%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.64%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.73%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.91% [2]
1 Year rr_ExpenseExampleYear01 709
3 Years rr_ExpenseExampleYear03 1,237
5 Years rr_ExpenseExampleYear05 1,790
10 Years rr_ExpenseExampleYear10 3,291
1 Year rr_ExpenseExampleNoRedemptionYear01 709
3 Years rr_ExpenseExampleNoRedemptionYear03 1,237
5 Years rr_ExpenseExampleNoRedemptionYear05 1,790
10 Years rr_ExpenseExampleNoRedemptionYear10 3,291
Past 1 Year rr_AverageAnnualReturnYear01 (5.51%)
Past 5 Years rr_AverageAnnualReturnYear05 (3.76%)
Life of Fund rr_AverageAnnualReturnSinceInception (1.66%)
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2006
A, C, Select Shares | JPMorgan U.S. Dynamic Plus Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 1.25%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.28%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.51%
Other Expenses rr_OtherExpensesOverAssets 1.04%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.10%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.14%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.73%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 2.41% [2]
1 Year rr_ExpenseExampleYear01 344
3 Years rr_ExpenseExampleYear03 900
5 Years rr_ExpenseExampleYear05 1,581
10 Years rr_ExpenseExampleYear10 3,398
1 Year rr_ExpenseExampleNoRedemptionYear01 244
3 Years rr_ExpenseExampleNoRedemptionYear03 900
5 Years rr_ExpenseExampleNoRedemptionYear05 1,581
10 Years rr_ExpenseExampleNoRedemptionYear10 3,398
Past 1 Year rr_AverageAnnualReturnYear01 (1.71%)
Past 5 Years rr_AverageAnnualReturnYear05 (3.18%)
Life of Fund rr_AverageAnnualReturnSinceInception (1.24%)
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2006
A, C, Select Shares | JPMorgan U.S. Dynamic Plus Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 1.25%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.27%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.51%
Other Expenses rr_OtherExpensesOverAssets 1.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.10%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.38%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.72%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.66% [2]
1 Year rr_ExpenseExampleYear01 169
3 Years rr_ExpenseExampleYear03 674
5 Years rr_ExpenseExampleYear05 1,205
10 Years rr_ExpenseExampleYear10 2,661
1 Year rr_ExpenseExampleNoRedemptionYear01 169
3 Years rr_ExpenseExampleNoRedemptionYear03 674
5 Years rr_ExpenseExampleNoRedemptionYear05 1,205
10 Years rr_ExpenseExampleNoRedemptionYear10 2,661
2007 rr_AnnualReturn2007 2.66%
2008 rr_AnnualReturn2008 (38.76%)
2009 rr_AnnualReturn2009 28.95%
2010 rr_AnnualReturn2010 8.90%
2011 rr_AnnualReturn2011 (0.02%)
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 15.98%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.11%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.26%)
Past 1 Year rr_AverageAnnualReturnYear01 (0.02%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.47%)
Life of Fund rr_AverageAnnualReturnSinceInception (0.50%)
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2006
A, C, Select Shares | JPMorgan U.S. Dynamic Plus Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (3.81%)
Past 5 Years rr_AverageAnnualReturnYear05 (3.26%)
Life of Fund rr_AverageAnnualReturnSinceInception (1.19%)
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2006
A, C, Select Shares | JPMorgan U.S. Dynamic Plus Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 0.94%
Past 5 Years rr_AverageAnnualReturnYear05 (2.42%)
Life of Fund rr_AverageAnnualReturnSinceInception (0.73%)
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2006
A, C, Select Shares | JPMorgan U.S. Dynamic Plus Fund | S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 2.11%
Past 5 Years rr_AverageAnnualReturnYear05 (0.25%)
Life of Fund rr_AverageAnnualReturnSinceInception 2.26%
A, C, Select Shares | JPMorgan U.S. Dynamic Plus Fund | LIPPER EXTENDED U.S. LARGE-CAP CORE FUNDS AVERAGE (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.58%)
Past 5 Years rr_AverageAnnualReturnYear05 (1.54%)
Life of Fund rr_AverageAnnualReturnSinceInception 1.51%
[1] (under $1 million)
[2] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, Dividend Expenses on Short Sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.30%, 1.80% and 1.05%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
XML 42 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan Intrepid America Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Intrepid America Fund

Class/Ticker: A/JIAAX; C/JIACX; Select/JPIAX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide long-term capital growth.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 95% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 95.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments of large and mid capitalization U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund generally defines large capitalization companies as those with a market capitalization over $10 billion at the time of purchase, and mid capitalization companies as those with market capitalization between $1 billion and $10 billion at the time of purchase.

In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 1000 Index that the adviser believes have characteristics such as attractive valuations, high quality and/or strong momentum that should lead to relative out performance. In identifying high quality securities, the adviser looks for profitable companies with sustainable earnings and disciplined management. In identifying securities that have strong momentum, the adviser looks for securities which have prices and/or earnings that have been increasing and that the adviser believes will continue to increase.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.

The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund’s investment criteria or if the adviser believes that more attractive opportunities are available.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Mid Cap Company Risk. Because the Fund may invest in large and mid capitalization companies, the Fund’s risks increase as it invests more heavily in mid capitalization companies. Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 1000® Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares in the table is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 1000® Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter3rd quarter, 200917.87%
Worst Quarter4th quarter, 2008–22.19%

The Fund’s year-to-date total return through 9/30/12 was 17.44%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For the period ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, C, Select Shares | JPMorgan Intrepid America Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.12%
Other Expenses rr_OtherExpensesOverAssets 0.37%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.28%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.02%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.26% [2]
1 Year rr_ExpenseExampleYear01 647
3 Years rr_ExpenseExampleYear03 908
5 Years rr_ExpenseExampleYear05 1,189
10 Years rr_ExpenseExampleYear10 1,987
1 Year rr_ExpenseExampleNoRedemptionYear01 647
3 Years rr_ExpenseExampleNoRedemptionYear03 908
5 Years rr_ExpenseExampleNoRedemptionYear05 1,189
10 Years rr_ExpenseExampleNoRedemptionYear10 1,987
Past 1 Year rr_AverageAnnualReturnYear01 (5.55%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.65%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.55%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid America Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.13%
Other Expenses rr_OtherExpensesOverAssets 0.38%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.79%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.03%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.76% [2]
1 Year rr_ExpenseExampleYear01 279
3 Years rr_ExpenseExampleYear03 560
5 Years rr_ExpenseExampleYear05 967
10 Years rr_ExpenseExampleYear10 2,103
1 Year rr_ExpenseExampleNoRedemptionYear01 179
3 Years rr_ExpenseExampleNoRedemptionYear03 560
5 Years rr_ExpenseExampleNoRedemptionYear05 967
10 Years rr_ExpenseExampleNoRedemptionYear10 2,103
Past 1 Year rr_AverageAnnualReturnYear01 (1.84%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.09%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.77%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid America Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.12%
Other Expenses rr_OtherExpensesOverAssets 0.37%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.03%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.02%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.01% [2]
1 Year rr_ExpenseExampleYear01 103
3 Years rr_ExpenseExampleYear03 326
5 Years rr_ExpenseExampleYear05 567
10 Years rr_ExpenseExampleYear10 1,258
1 Year rr_ExpenseExampleNoRedemptionYear01 103
3 Years rr_ExpenseExampleNoRedemptionYear03 326
5 Years rr_ExpenseExampleNoRedemptionYear05 567
10 Years rr_ExpenseExampleNoRedemptionYear10 1,258
2004 rr_AnnualReturn2004 12.68%
2005 rr_AnnualReturn2005 9.23%
2006 rr_AnnualReturn2006 16.06%
2007 rr_AnnualReturn2007 3.62%
2008 rr_AnnualReturn2008 (38.98%)
2009 rr_AnnualReturn2009 29.66%
2010 rr_AnnualReturn2010 14.01%
2011 rr_AnnualReturn2011 (0.06%)
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 17.44%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.87%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.19%)
Past 1 Year rr_AverageAnnualReturnYear01 (0.06%)
Past 5 Years rr_AverageAnnualReturnYear05 (1.35%)
Life of Fund rr_AverageAnnualReturnSinceInception 7.40%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid America Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (0.19%)
Past 5 Years rr_AverageAnnualReturnYear05 (1.76%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.88%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid America Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 0.14%
Past 5 Years rr_AverageAnnualReturnYear05 (1.18%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.34%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid America Fund | RUSSELL 1000 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 1.50%
Past 5 Years rr_AverageAnnualReturnYear05 (0.02%)
Life of Fund rr_AverageAnnualReturnSinceInception 7.19%
A, C, Select Shares | JPMorgan Intrepid America Fund | LIPPER LARGE-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 0.09%
Past 5 Years rr_AverageAnnualReturnYear05 (0.60%)
Life of Fund rr_AverageAnnualReturnSinceInception 5.73%
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
XML 43 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan Intrepid Growth Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Intrepid Growth Fund

Class/Ticker: A/JIGAX; C/JCICX; Select/JPGSX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide long-term capital growth.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 110% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 110.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments of large and mid capitalization companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund generally defines large capitalization companies as those with a market capitalization over $10 billion at the time of purchase, and mid capitalization companies as those with market capitalization between $1 billion and $10 billion, at the time of purchase.

In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 1000 Growth Index that the adviser believes have characteristics such as attractive valuations, high quality and/or strong momentum that should lead to relative out performance. In identifying high quality securities, the adviser looks for profitable companies with sustainable earnings and disciplined management. In identifying securities that have strong momentum, the adviser looks for securities which have prices and/or earnings that have been increasing and that the adviser believes will continue to increase.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.

The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund’s investment criteria or if the adviser believes that more attractive opportunities are available.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Growth Investing Risk. Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may trade at higher multiples of current earnings compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

Mid Cap Company Risk. Because the Fund may invest in large and mid capitalization companies, the Fund’s risks increase as it invests more heavily in mid cap companies. Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares in the table is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter3rd quarter, 200915.81%
Worst Quarter4th quarter, 2008–22.16%

The Fund’s year-to-date total return through 9/30/12 was 18.34%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For the period ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, C, Select Shares | JPMorgan Intrepid Growth Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.17%
Other Expenses rr_OtherExpensesOverAssets 0.42%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.33%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.07%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.26% [2]
1 Year rr_ExpenseExampleYear01 647
3 Years rr_ExpenseExampleYear03 918
5 Years rr_ExpenseExampleYear05 1,209
10 Years rr_ExpenseExampleYear10 2,037
1 Year rr_ExpenseExampleNoRedemptionYear01 647
3 Years rr_ExpenseExampleNoRedemptionYear03 918
5 Years rr_ExpenseExampleNoRedemptionYear05 1,209
10 Years rr_ExpenseExampleNoRedemptionYear10 2,037
Past 1 Year rr_AverageAnnualReturnYear01 (4.22%)
Past 5 Years rr_AverageAnnualReturnYear05 (0.13%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.67%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Growth Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.17%
Other Expenses rr_OtherExpensesOverAssets 0.42%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.83%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.07%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.76% [2]
1 Year rr_ExpenseExampleYear01 279
3 Years rr_ExpenseExampleYear03 569
5 Years rr_ExpenseExampleYear05 984
10 Years rr_ExpenseExampleYear10 2,142
1 Year rr_ExpenseExampleNoRedemptionYear01 179
3 Years rr_ExpenseExampleNoRedemptionYear03 569
5 Years rr_ExpenseExampleNoRedemptionYear05 984
10 Years rr_ExpenseExampleNoRedemptionYear10 2,142
Past 1 Year rr_AverageAnnualReturnYear01 (0.37%)
Past 5 Years rr_AverageAnnualReturnYear05 0.46%
Life of Fund rr_AverageAnnualReturnSinceInception 6.90%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Growth Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.17%
Other Expenses rr_OtherExpensesOverAssets 0.42%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.08%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.07%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.01% [2]
1 Year rr_ExpenseExampleYear01 103
3 Years rr_ExpenseExampleYear03 337
5 Years rr_ExpenseExampleYear05 589
10 Years rr_ExpenseExampleYear10 1,311
1 Year rr_ExpenseExampleNoRedemptionYear01 103
3 Years rr_ExpenseExampleNoRedemptionYear03 337
5 Years rr_ExpenseExampleNoRedemptionYear05 589
10 Years rr_ExpenseExampleNoRedemptionYear10 1,311
2004 rr_AnnualReturn2004 10.45%
2005 rr_AnnualReturn2005 8.79%
2006 rr_AnnualReturn2006 9.38%
2007 rr_AnnualReturn2007 11.16%
2008 rr_AnnualReturn2008 (39.23%)
2009 rr_AnnualReturn2009 33.82%
2010 rr_AnnualReturn2010 15.87%
2011 rr_AnnualReturn2011 1.38%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 18.34%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.81%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.16%)
Past 1 Year rr_AverageAnnualReturnYear01 1.38%
Past 5 Years rr_AverageAnnualReturnYear05 1.21%
Life of Fund rr_AverageAnnualReturnSinceInception 7.53%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Growth Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 1.29%
Past 5 Years rr_AverageAnnualReturnYear05 1.05%
Life of Fund rr_AverageAnnualReturnSinceInception 6.87%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Growth Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 1.01%
Past 5 Years rr_AverageAnnualReturnYear05 1.02%
Life of Fund rr_AverageAnnualReturnSinceInception 6.29%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Growth Fund | RUSSELL 1000 GROWTH INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 2.64%
Past 5 Years rr_AverageAnnualReturnYear05 2.50%
Life of Fund rr_AverageAnnualReturnSinceInception 7.18%
A, C, Select Shares | JPMorgan Intrepid Growth Fund | LIPPER LARGE-CAP GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.90%)
Past 5 Years rr_AverageAnnualReturnYear05 0.85%
Life of Fund rr_AverageAnnualReturnSinceInception 5.90%
[1] (under $1 million)
[2] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
XML 44 R72.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan U.S. Large Cap Core Plus Fund

Class/Ticker: A/JLCAX; C/JLPCX; Select/JLPSX

Currently, the Fund is publicly offered on a limited basis. (See “Purchasing Fund Shares — What does it mean that the U.S. Large Cap Core Plus Fund is publicly offered on a limited basis?” in the prospectus for more information.)
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide a high total return from a portfolio of selected equity securities.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate (including short sales) was 129% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 129.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will consist of different U.S. securities, selected from a universe of publicly traded large capitalization securities with characteristics similar to those comprising the Russell 1000 and the S&P 500 Indices. The Fund takes long and short positions mainly in equity securities and derivatives on those securities of companies that each have a market capitalization of at least $4 billion at the time of purchase. Equity securities in which the Fund invests significantly include common stocks of U.S. and foreign companies, including depositary receipts. “Assets” means net assets, plus the amount of borrowings for investment purposes.

“Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund’s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund’s net exposure to the market at a level similar to a traditional “long-only” strategy. Short sales involve the sale of a security which the fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However the long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities and derivatives on those securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as:

  • catalysts that could trigger a rise in a stock’s price
  • high potential reward compared to potential risk
  • temporary mispricings caused by apparent market overreactions.
Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Short Selling Risk The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Foreign Securities Risk. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past six calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund. The table compares that performance to the S&P 500 Index and the Lipper Extended U.S. Large-Cap Core Funds Average, an average based on the total return of all funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past six calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the S&P 500 Index and the Lipper Extended U.S. Large-Cap Core Funds Average, an average based on the total return of all funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter2nd quarter, 200917.90%
Worst Quarter4th quarter, 2008–20.28%

The Fund’s year-to-date total return through 9/30/12 was 17.33%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.14%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.73%
Other Expenses rr_OtherExpensesOverAssets 1.12%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.38%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.34%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 2.04% [2]
1 Year rr_ExpenseExampleYear01 721
3 Years rr_ExpenseExampleYear03 1,198
5 Years rr_ExpenseExampleYear05 1,700
10 Years rr_ExpenseExampleYear10 3,074
1 Year rr_ExpenseExampleNoRedemptionYear01 721
3 Years rr_ExpenseExampleNoRedemptionYear03 1,198
5 Years rr_ExpenseExampleNoRedemptionYear05 1,700
10 Years rr_ExpenseExampleNoRedemptionYear10 3,074
Past 1 Year rr_AverageAnnualReturnYear01 (9.19%)
Past 5 Years rr_AverageAnnualReturnYear05 0.86%
Life of Fund rr_AverageAnnualReturnSinceInception 4.74%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 01, 2005
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.14%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.73%
Other Expenses rr_OtherExpensesOverAssets 1.12%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.88%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.34%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 2.54% [2]
1 Year rr_ExpenseExampleYear01 357
3 Years rr_ExpenseExampleYear03 860
5 Years rr_ExpenseExampleYear05 1,488
10 Years rr_ExpenseExampleYear10 3,180
1 Year rr_ExpenseExampleNoRedemptionYear01 257
3 Years rr_ExpenseExampleNoRedemptionYear03 860
5 Years rr_ExpenseExampleNoRedemptionYear05 1,488
10 Years rr_ExpenseExampleNoRedemptionYear10 3,180
Past 1 Year rr_AverageAnnualReturnYear01 (5.58%)
Past 5 Years rr_AverageAnnualReturnYear05 1.46%
Life of Fund rr_AverageAnnualReturnSinceInception 5.14%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 01, 2005
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.14%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.73%
Other Expenses rr_OtherExpensesOverAssets 1.12%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.13%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.34%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.79% [2]
1 Year rr_ExpenseExampleYear01 182
3 Years rr_ExpenseExampleYear03 634
5 Years rr_ExpenseExampleYear05 1,113
10 Years rr_ExpenseExampleYear10 2,435
1 Year rr_ExpenseExampleNoRedemptionYear01 182
3 Years rr_ExpenseExampleNoRedemptionYear03 634
5 Years rr_ExpenseExampleNoRedemptionYear05 1,113
10 Years rr_ExpenseExampleNoRedemptionYear10 2,435
2006 rr_AnnualReturn2006 21.57%
2007 rr_AnnualReturn2007 13.99%
2008 rr_AnnualReturn2008 (34.58%)
2009 rr_AnnualReturn2009 36.43%
2010 rr_AnnualReturn2010 14.19%
2011 rr_AnnualReturn2011 (3.87%)
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 17.33%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.90%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (20.28%)
Past 1 Year rr_AverageAnnualReturnYear01 (3.87%)
Past 5 Years rr_AverageAnnualReturnYear05 2.23%
Life of Fund rr_AverageAnnualReturnSinceInception 5.92%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 01, 2005
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (3.97%)
Past 5 Years rr_AverageAnnualReturnYear05 1.94%
Life of Fund rr_AverageAnnualReturnSinceInception 5.61%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 01, 2005
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.39%)
Past 5 Years rr_AverageAnnualReturnYear05 1.80%
Life of Fund rr_AverageAnnualReturnSinceInception 5.01%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 01, 2005
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund | S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 2.11%
Past 5 Years rr_AverageAnnualReturnYear05 (0.25%)
Life of Fund rr_AverageAnnualReturnSinceInception 2.82%
A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund | LIPPER EXTENDED U.S. LARGE-CAP CORE FUNDS AVERAGE (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.58%)
Past 5 Years rr_AverageAnnualReturnYear05 (1.54%)
Life of Fund rr_AverageAnnualReturnSinceInception 1.32%
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A and Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, Dividend Expenses on Short Sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.30%, 1.80% and 1.05%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
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A, Select Shares | JPMorgan Disciplined Equity Fund
JPMorgan Disciplined Equity Fund

Class/Ticker: A/JDEAX; Select/JDESX
What is the goal of the Fund?
The Fund seeks to provide a consistently high total return from a broadly diversified portfolio of equity securities with risk characteristics similar to the Standard and Poor’s 500 Composite Stock Price Index (S&P 500 Index).
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, Select Shares JPMorgan Disciplined Equity Fund
Class A
Select Class
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Annual Fund Operating Expenses A, Select Shares JPMorgan Disciplined Equity Fund
Class A
Select Class
Management Fees 0.25% 0.25%
Distribution (Rule 12b-1) Fees 0.25% none
Other Expenses 0.38% 0.39%
Shareholder Service Fees 0.25% 0.25%
Remainder of Other Expenses 0.13% 0.14%
Total Annual Fund Operating Expenses 0.88% 0.64%
Fee Waivers and Expense Reimbursements [1] (0.03%) (0.04%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 0.85% 0.60%
[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 Fund Operating Expenses of Class A and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.85% and 0.60%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Expense Example A, Select Shares JPMorgan Disciplined Equity Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
607 788 984 1,550
SELECT CLASS SHARES
61 201 353 795
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Expense Example, No Redemption A, Select Shares JPMorgan Disciplined Equity Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
607 788 984 1,550
SELECT CLASS SHARES
61 201 353 795
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 198% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities. “Assets” means net assets plus the amount of borrowings for investment purposes. In implementing this strategy, the Fund primarily invests in the common stocks of U.S. companies with market capitalizations similar to those within the universe of the S&P 500 Index. As of the last reconstitution of the S&P 500 Index on September 30, 2012, the market capitalizations of the companies in the index ranged from $965 million to $647 billion. Sector by sector, the Fund’s weightings are similar to those of the S&P 500 Index. Within each sector, the Fund modestly overweights equity securities that it considers undervalued or fairly valued while modestly underweighting or not holding equity securities that appear overvalued. By owning a large number of equity securities within the S&P 500 Index, with an emphasis on those that appear undervalued or fairly valued, the Fund seeks returns that modestly exceed those of the S&P 500 Index over the long term with a modest level of volatility.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

On behalf of the Fund, the adviser then buys and sells equity securities, using the research and valuation rankings as a basis. In general, the adviser buys equity securities that are identified as undervalued and considers selling them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria:

  • catalysts that could trigger a rise in a stock’s price
  • Impact on the overall risk of the portfolio relative to the benchmark
  • high perceived potential reward compared to perceived potential risk
  • possible temporary mispricings caused by apparent market overreactions.
The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Mid Cap Company Risk. Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the S&P 500 Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter2nd quarter, 200916.74%
Worst Quarter4th quarter, 2008–21.44%

The Fund’s year-to-date total return through 9/30/12 was 16.97%.

AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Average Annual Total Returns A, Select Shares JPMorgan Disciplined Equity Fund
Past 1 Year
Past 5 Years
Past 10 Years
SELECT CLASS SHARES
1.01% 0.28% 2.72%
SELECT CLASS SHARES Return After Taxes on Distributions
0.80% none 2.47%
SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
0.93% 0.19% 2.29%
CLASS A SHARES
(4.57%) (1.05%) 1.90%
S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
2.11% (0.25%) 2.92%
LIPPER LARGE-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
0.09% (0.60%) 2.16%
After-tax returns are shown only for the Select Class Shares, and the after-tax return for the other class will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan Intrepid Multi Cap Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Intrepid Multi Cap Fund

Class/Ticker: A/JICAX; C/JICCX; Select/JIISX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 57% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 57.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments across all market capitalizations. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund will generally invest in companies with a market capitalization of $500 million or greater at the time of purchase. In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 3000 Index that the adviser believes are undervalued and/or have strong momentum. In identifying securities that have strong momentum, the adviser looks for securities which have prices that have been increasing and that the adviser believes will continue to increase.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.

The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund’s investment criteria or if the adviser believes that more attractive opportunities are available.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Smaller Cap Company Risk. Although the Fund may invest in equity investments of companies across all market capitalizations, the Fund’s risks increase as it invests in smaller companies (mid cap and small cap companies). Smaller companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 3000® Index and the Lipper Multi-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The Fund’s performance prior to 4/10/06 may be less pertinent for investors considering whether to purchase shares of the Fund because of changes made to the Fund’s investment policies beginning at that time. The performance of the Class A and Class C Shares is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 3000® Index and the Lipper Multi-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter3rd quarter, 200918.50%
Worst Quarter4th quarter, 2008–24.34%

The Fund’s year-to-date total return through 9/30/12 was 19.73%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, C, Select Shares | JPMorgan Intrepid Multi Cap Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 1.36%
Other Expenses rr_OtherExpensesOverAssets 1.61%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.51%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.26%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.25% [2]
1 Year rr_ExpenseExampleYear01 646
3 Years rr_ExpenseExampleYear03 1,152
5 Years rr_ExpenseExampleYear05 1,683
10 Years rr_ExpenseExampleYear10 3,131
1 Year rr_ExpenseExampleNoRedemptionYear01 646
3 Years rr_ExpenseExampleNoRedemptionYear03 1,152
5 Years rr_ExpenseExampleNoRedemptionYear05 1,683
10 Years rr_ExpenseExampleNoRedemptionYear10 3,131
Past 1 Year rr_AverageAnnualReturnYear01 (5.34%)
Past 5 Years rr_AverageAnnualReturnYear05 (3.53%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.00%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Multi Cap Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 1.37%
Other Expenses rr_OtherExpensesOverAssets 1.62%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.02%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.27%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.75% [2]
1 Year rr_ExpenseExampleYear01 278
3 Years rr_ExpenseExampleYear03 814
5 Years rr_ExpenseExampleYear05 1,475
10 Years rr_ExpenseExampleYear10 3,247
1 Year rr_ExpenseExampleNoRedemptionYear01 178
3 Years rr_ExpenseExampleNoRedemptionYear03 814
5 Years rr_ExpenseExampleNoRedemptionYear05 1,475
10 Years rr_ExpenseExampleNoRedemptionYear10 3,247
Past 1 Year rr_AverageAnnualReturnYear01 (1.57%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.97%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.23%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Multi Cap Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 1.38%
Other Expenses rr_OtherExpensesOverAssets 1.63%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.28%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.28%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.00% [2]
1 Year rr_ExpenseExampleYear01 102
3 Years rr_ExpenseExampleYear03 589
5 Years rr_ExpenseExampleYear05 1,103
10 Years rr_ExpenseExampleYear10 2,516
1 Year rr_ExpenseExampleNoRedemptionYear01 102
3 Years rr_ExpenseExampleNoRedemptionYear03 589
5 Years rr_ExpenseExampleNoRedemptionYear05 1,103
10 Years rr_ExpenseExampleNoRedemptionYear10 2,516
2004 rr_AnnualReturn2004 16.01%
2005 rr_AnnualReturn2005 6.59%
2006 rr_AnnualReturn2006 15.97%
2007 rr_AnnualReturn2007 2.35%
2008 rr_AnnualReturn2008 (41.96%)
2009 rr_AnnualReturn2009 30.23%
2010 rr_AnnualReturn2010 15.25%
2011 rr_AnnualReturn2011 0.21%
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 19.73%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.50%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.34%)
Past 1 Year rr_AverageAnnualReturnYear01 0.21%
Past 5 Years rr_AverageAnnualReturnYear05 (2.23%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.86%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Multi Cap Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (0.02%)
Past 5 Years rr_AverageAnnualReturnYear05 (2.51%)
Life of Fund rr_AverageAnnualReturnSinceInception 6.08%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Multi Cap Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 0.44%
Past 5 Years rr_AverageAnnualReturnYear05 (1.91%)
Life of Fund rr_AverageAnnualReturnSinceInception 5.86%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2003
A, C, Select Shares | JPMorgan Intrepid Multi Cap Fund | RUSSELL 3000 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 1.03%
Past 5 Years rr_AverageAnnualReturnYear05 (0.01%)
Life of Fund rr_AverageAnnualReturnSinceInception 7.38%
A, C, Select Shares | JPMorgan Intrepid Multi Cap Fund | LIPPER MULTI-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.81%)
Past 5 Years rr_AverageAnnualReturnYear05 (0.32%)
Life of Fund rr_AverageAnnualReturnSinceInception 7.26%
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
XML 48 R135.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan U.S. Small Company Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan U.S. Small Company Fund

Class/Ticker: A/JTUAX; C/JTUCX; Select/JSCSX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide high total return from a portfolio of small company stocks.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 74% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 74.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations similar to those within the universe of the Russell 2000® Index at the time of purchase. As of the last reconstitution of the Russell 2000 Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. Sector by sector, the Fund’s weightings are similar to those of the Russell 2000® Index. The Fund can moderately underweight or overweight sectors when it believes it will benefit performance. The Fund pursues returns that exceed those of the Russell 2000® Index while seeking to limit its volatility relative to this index. In implementing its main strategies, the Fund’s investments are primarily in common stocks and real estate investment trusts (REITs).

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a process that ranks stocks based on its proprietary stock ranking system. The rankings are then reviewed and adjusted utilizing fundamental research conducted by the investment team to enhance accuracy and consistency. The adjusted rankings are used to place stocks into portfolios. In general, stocks are purchased when they are among the top ranked within their sector. Stocks become candidates for sale when their ranking falls, when they appear unattractive or when the company is no longer a small cap company. The Fund may continue to hold the securities if it believes further substantial growth is possible. Risk factor exposures are managed through portfolio construction. Portfolio constraints control for sector weights, position sizes and/or style characteristics of the Fund.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Small Cap Company Risk. Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the performance of the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell 2000® Index and the Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance in the table for Class A and Class C Shares is based on the performance of Select Class Shares prior to their inception on 11/1/07. The actual returns of Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the performance of the average annual total returns over the past one year, five years and ten years.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 2000® Index and the Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter2nd quarter, 200322.89%
Worst Quarter4th quarter, 2008–26.85%

The Fund’s year-to-date total return through 9/30/12 was 17.65%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, C, Select Shares | JPMorgan U.S. Small Company Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.49%
Other Expenses rr_OtherExpensesOverAssets 0.74%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.60%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.33%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.27% [2]
1 Year rr_ExpenseExampleYear01 648
3 Years rr_ExpenseExampleYear03 973
5 Years rr_ExpenseExampleYear05 1,321
10 Years rr_ExpenseExampleYear10 2,299
1 Year rr_ExpenseExampleNoRedemptionYear01 648
3 Years rr_ExpenseExampleNoRedemptionYear03 973
5 Years rr_ExpenseExampleNoRedemptionYear05 1,321
10 Years rr_ExpenseExampleNoRedemptionYear10 2,299
Past 1 Year rr_AverageAnnualReturnYear01 (9.08%)
Past 5 Years rr_AverageAnnualReturnYear05 (1.12%)
Past 10 Years rr_AverageAnnualReturnYear10 3.69%
A, C, Select Shares | JPMorgan U.S. Small Company Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.75%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.11%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.34%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.77% [2]
1 Year rr_ExpenseExampleYear01 280
3 Years rr_ExpenseExampleYear03 628
5 Years rr_ExpenseExampleYear05 1,103
10 Years rr_ExpenseExampleYear10 2,415
1 Year rr_ExpenseExampleNoRedemptionYear01 180
3 Years rr_ExpenseExampleNoRedemptionYear03 628
5 Years rr_ExpenseExampleNoRedemptionYear05 1,103
10 Years rr_ExpenseExampleNoRedemptionYear10 2,415
Past 1 Year rr_AverageAnnualReturnYear01 (5.53%)
Past 5 Years rr_AverageAnnualReturnYear05 (0.45%)
Past 10 Years rr_AverageAnnualReturnYear10 4.05%
A, C, Select Shares | JPMorgan U.S. Small Company Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.75%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.36%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.34%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.02% [2]
1 Year rr_ExpenseExampleYear01 104
3 Years rr_ExpenseExampleYear03 397
5 Years rr_ExpenseExampleYear05 712
10 Years rr_ExpenseExampleYear10 1,606
1 Year rr_ExpenseExampleNoRedemptionYear01 104
3 Years rr_ExpenseExampleNoRedemptionYear03 397
5 Years rr_ExpenseExampleNoRedemptionYear05 712
10 Years rr_ExpenseExampleNoRedemptionYear10 1,606
2002 rr_AnnualReturn2002 (20.48%)
2003 rr_AnnualReturn2003 39.72%
2004 rr_AnnualReturn2004 13.73%
2005 rr_AnnualReturn2005 3.93%
2006 rr_AnnualReturn2006 15.78%
2007 rr_AnnualReturn2007 (6.55%)
2008 rr_AnnualReturn2008 (34.27%)
2009 rr_AnnualReturn2009 34.64%
2010 rr_AnnualReturn2010 26.88%
2011 rr_AnnualReturn2011 (3.86%)
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 17.65%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2003
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 22.89%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (26.85%)
Past 1 Year rr_AverageAnnualReturnYear01 (3.86%)
Past 5 Years rr_AverageAnnualReturnYear05 0.18%
Past 10 Years rr_AverageAnnualReturnYear10 4.37%
A, C, Select Shares | JPMorgan U.S. Small Company Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (3.90%)
Past 5 Years rr_AverageAnnualReturnYear05 (0.76%)
Past 10 Years rr_AverageAnnualReturnYear10 3.24%
A, C, Select Shares | JPMorgan U.S. Small Company Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.45%)
Past 5 Years rr_AverageAnnualReturnYear05 0.07%
Past 10 Years rr_AverageAnnualReturnYear10 3.64%
A, C, Select Shares | JPMorgan U.S. Small Company Fund | RUSSELL 2000 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (4.18%)
Past 5 Years rr_AverageAnnualReturnYear05 0.15%
Past 10 Years rr_AverageAnnualReturnYear10 5.62%
A, C, Select Shares | JPMorgan U.S. Small Company Fund | LIPPER SMALL-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (3.81%)
Past 5 Years rr_AverageAnnualReturnYear05 1.32%
Past 10 Years rr_AverageAnnualReturnYear10 5.81%
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.26%, 1.76% and 1.01%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
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Select Shares | JPMorgan Small Cap Core Fund
JPMorgan Small Cap Core Fund

Class/Ticker: Select/VSSCX
What is the goal of the Fund?
The Fund seeks capital growth over the long term.
Fees and Expenses of the Fund
The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Annual Fund Operating Expenses
Select Shares
JPMorgan Small Cap Core Fund
Select Class
Management Fees 0.65%
Distribution (Rule 12b-1) Fees none
Other Expenses 0.37%
Shareholder Service Fees 0.25%
Remainder of Other Expenses 0.12%
Total Annual Fund Operating Expenses 1.02%
Fee Waivers and Expense Reimbursements [1] (0.22%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 0.80%
[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 Fund Operating Expenses of Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.80% of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
WHETHER OR NOT YOU SELL YOUR SHARES YOUR
COST WOULD BE:
Expense Example (USD $)
1 Year
3 Years
5 Years
10 Years
Select Shares JPMorgan Small Cap Core Fund SELECT CLASS SHARES
82 303 542 1,228
WHETHER OR NOT YOU SELL YOUR SHARES YOUR
COST WOULD BE:
Expense Example, No Redemption (USD $)
1 Year
3 Years
5 Years
10 Years
Select Shares JPMorgan Small Cap Core Fund SELECT CLASS SHARES
82 303 542 1,228
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 45% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations equal to those within the universe of Russell 2000® Index at the time of purchase. As of the last reconstitution of the Russell 2000 Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. Sector by sector, the Fund’s weightings are similar to those of the Russell 2000 Index. The Fund can moderately underweight or overweight sectors when it believes it will benefit performance. In implementing its main strategies, the Fund’s investments are primarily in common stocks and real estate investment trusts (REITs).

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: The Fund pursues returns that exceed those of the Russell 2000 Index while seeking to limit its volatility relative to this index. In managing the Fund, the adviser employs a process that ranks stocks based on its proprietary stock ranking system. The rankings are then reviewed and adjusted utilizing fundamental research conducted by the investment team to enhance accuracy and consistency. The adjusted rankings are used to place stocks into portfolios. In general, stocks are purchased when they are among the top ranked within their sector. Stocks become candidates for sale when their ranking falls, when they appear unattractive or when the company is no longer a small cap company. The Fund may continue to hold the securities if it believes further substantial growth is possible. Risk factor exposures are managed through portfolio construction. Portfolio constraints control for sector weights, position sizes and/or style characteristics of the Fund.

The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Small Cap Company Risk. Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns for the past one year, five years and ten years. The table compares that performance to the Russell 2000® Index and Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter3rd quarter, 200919.97%
Worst Quarter4th quarter, 2008–26.24%

The Fund’s year-to-date total return through 9/30/12 was 16.64%.

AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Average Annual Total Returns Select Shares JPMorgan Small Cap Core Fund
Past 1 Year
Past 5 Years
Past 10 Years
SELECT CLASS SHARES
(4.58%) (0.70%) 4.75%
SELECT CLASS SHARES Return After Taxes on Distributions
(4.66%) (1.56%) 3.70%
SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
(2.87%) (0.76%) 3.91%
RUSSELL 2000 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
(4.18%) 0.15% 5.62%
LIPPER SMALL-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
(3.81%) 1.32% 5.81%
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan Quantitative Large Cap Plus Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Quantitative Large Cap Plus Fund

Class/Ticker: A/*; C/*; Select/JQGSX

*The Share Classes do not have exchange ticker symbols because they currently are not offered to the general public.
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide total return.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 15 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates “Other Expenses” are based on estimated amounts for the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund will invest primarily in long and short positions of equity securities issued by large capitalization companies and intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value).

Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will consist of securities of publicly traded large capitalization securities. Large capitalization securities are those equity securities of companies with market capitalizations similar to those within the universe of the S&P 500 Index at the time of purchase. Equity securities in which the Fund invests significantly are common stocks of U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes.

“Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund’s net exposure to the market at a level similar to a traditional “long only” strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

The long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets. In rising markets, the Fund expects that the long positions will appreciate more rapidly than the short positions, and in declining markets, the Fund expects the value of the short positions will decline faster than the long positions. As a result, in declining markets, the Fund expects that it will be able to close out its short positions at a lower cost resulting in additional gain to the Fund.

The Fund intends to invest in a variety of equity securities and, ordinarily, no single equity exposure is expected to make up more than 5% of the gross long exposure except that companies with large weights in the Fund’s benchmark may be held as overweights in the Fund, resulting in positions of greater than 5% in those securities.

Investment Process: The adviser’s investment process is based upon a quantitative multi-factor model with a qualitative overlay. The adviser uses its quantitative multi-factor model to collect quantitative and fundamental investment data designed to evaluate the relative attractiveness of stocks. The quantitative multi-factor model puts an emphasis on valuation drivers and growth drivers. The valuation drivers include factors such as discounted cash flows and price-to-book values and the growth drivers include factors such as revisions of earning estimates and earnings growth rates. The adviser generally buys long positions in securities that are ranked favorably by its quantitative multi-factor model and sells short securities that are ranked unfavorably. The adviser generally sells long positions in securities that are no longer favorably ranked and covers short positions in securities that are no longer unfavorably ranked. The adviser may also buy, sell, sell short and cover short positions in securities that it views as similarly ranked.

In constructing the Fund’s portfolio, the adviser employs a bottom up stock selection process in combination with its qualitative overlay to determine the weights of each model factor and the risk posture of the Fund. The adviser may invest across different industries and sectors targeting both value-and growth-oriented domestic companies. Viewed sector by sector, the Fund’s net weightings of equity securities will generally be similar to those of its benchmark index, the S&P 500 Index. The adviser uses its qualitative analysis to over and underweight sectors, industries and stocks versus the S&P 500 Index. Sector and industry positioning is used to enhance returns and for risk management.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Strategy Risk. There is no guarantee that the use of long and short positions will succeed in limiting the Fund’s exposure to domestic stock market movements, capitalization, sector swings or other risk factors.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund has not operated for a calendar year as of the date of this prospectus. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of a Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund has not operated for a calendar year as of the date of this prospectus. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund.
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Although past performance of a Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
A, C, Select Shares | JPMorgan Quantitative Large Cap Plus Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (Rule 12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.31%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.68%
Other Expenses rr_OtherExpensesOverAssets 1.24% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.24%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.61%) [3]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.63% [3]
1 Year rr_ExpenseExampleYear01 682
3 Years rr_ExpenseExampleYear03 1,113
1 Year rr_ExpenseExampleNoRedemptionYear01 682
3 Years rr_ExpenseExampleNoRedemptionYear03 1,113
A, C, Select Shares | JPMorgan Quantitative Large Cap Plus Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (Rule 12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.31%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.68%
Other Expenses rr_OtherExpensesOverAssets 1.24% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.74%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.61%) [3]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 2.13% [3]
1 Year rr_ExpenseExampleYear01 316
3 Years rr_ExpenseExampleYear03 793
1 Year rr_ExpenseExampleNoRedemptionYear01 216
3 Years rr_ExpenseExampleNoRedemptionYear03 793
A, C, Select Shares | JPMorgan Quantitative Large Cap Plus Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (Rule 12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.31%
Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 0.68%
Other Expenses rr_OtherExpensesOverAssets 1.24% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.99%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.51%) [3]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.48% [3]
1 Year rr_ExpenseExampleYear01 151
3 Years rr_ExpenseExampleYear03 575
1 Year rr_ExpenseExampleNoRedemptionYear01 151
3 Years rr_ExpenseExampleNoRedemptionYear03 575
[1] (under $1 million)
[2] "Other Expenses" are based on estimated amounts for the current fiscal year.
[3] 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 Fund Operating Expenses (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.95%, 1.45%, and 0.80% of the average daily net assets of the Class A, Class C, and Select Class Shares, respectively. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
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A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund
JPMorgan U.S. Large Cap Core Plus Fund

Class/Ticker: A/JLCAX; C/JLPCX; Select/JLPSX

Currently, the Fund is publicly offered on a limited basis. (See “Purchasing Fund Shares — What does it mean that the U.S. Large Cap Core Plus Fund is publicly offered on a limited basis?” in the prospectus for more information.)
What is the goal of the Fund?
The Fund seeks to provide a high total return from a portfolio of selected equity securities.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, C, Select Shares JPMorgan U.S. Large Cap Core Plus Fund
Class A
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Annual Fund Operating Expenses A, C, Select Shares JPMorgan U.S. Large Cap Core Plus Fund
Class A
Class C
Select Class
Management Fees 1.00% 1.00% 1.00%
Distribution (Rule 12b-1) Fees 0.25% 0.75% none
Other Expenses 1.12% 1.12% 1.12%
Dividend Expenses on Short Sales 0.73% 0.73% 0.73%
Shareholder Service Fees 0.25% 0.25% 0.25%
Remainder of Other Expenses 0.14% 0.14% 0.14%
Acquired Fund Fees and Expenses 0.01% 0.01% 0.01%
Total Annual Fund Operating Expenses 2.38% 2.88% 2.13%
Fee Waivers and Expense Reimbursements [1] (0.34%) (0.34%) (0.34%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 2.04% 2.54% 1.79%
[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 Fund Operating Expenses of Class A and Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, Dividend Expenses on Short Sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.30%, 1.80% and 1.05%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, C, Select Shares JPMorgan U.S. Large Cap Core Plus Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
721 1,198 1,700 3,074
CLASS C SHARES
357 860 1,488 3,180
SELECT CLASS SHARES
182 634 1,113 2,435
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, C, Select Shares JPMorgan U.S. Large Cap Core Plus Fund (USD $)
1 Year
3 Years
5 Years
10 Years
CLASS A SHARES
721 1,198 1,700 3,074
CLASS C SHARES
257 860 1,488 3,180
SELECT CLASS SHARES
182 634 1,113 2,435
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate (including short sales) was 129% of the average value of its portfolio.
What are the Fund’s main investment strategies?
Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will consist of different U.S. securities, selected from a universe of publicly traded large capitalization securities with characteristics similar to those comprising the Russell 1000 and the S&P 500 Indices. The Fund takes long and short positions mainly in equity securities and derivatives on those securities of companies that each have a market capitalization of at least $4 billion at the time of purchase. Equity securities in which the Fund invests significantly include common stocks of U.S. and foreign companies, including depositary receipts. “Assets” means net assets, plus the amount of borrowings for investment purposes.

“Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund’s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund’s net exposure to the market at a level similar to a traditional “long-only” strategy. Short sales involve the sale of a security which the fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However the long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities and derivatives on those securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as:

  • catalysts that could trigger a rise in a stock’s price
  • high potential reward compared to potential risk
  • temporary mispricings caused by apparent market overreactions.
The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Short Selling Risk The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Foreign Securities Risk. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past six calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund. The table compares that performance to the S&P 500 Index and the Lipper Extended U.S. Large-Cap Core Funds Average, an average based on the total return of all funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
YEAR-BY-YEAR RETURNS
Bar Chart
Best Quarter2nd quarter, 200917.90%
Worst Quarter4th quarter, 2008–20.28%

The Fund’s year-to-date total return through 9/30/12 was 17.33%.

AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Average Annual Total Returns A, C, Select Shares JPMorgan U.S. Large Cap Core Plus Fund
Past 1 Year
Past 5 Years
Life of Fund
Inception Date
SELECT CLASS SHARES
(3.87%) 2.23% 5.92% Nov. 01, 2005
SELECT CLASS SHARES Return After Taxes on Distributions
(3.97%) 1.94% 5.61% Nov. 01, 2005
SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
(2.39%) 1.80% 5.01% Nov. 01, 2005
CLASS A SHARES
(9.19%) 0.86% 4.74% Nov. 01, 2005
CLASS C SHARES
(5.58%) 1.46% 5.14% Nov. 01, 2005
S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
2.11% (0.25%) 2.82%  
LIPPER EXTENDED U.S. LARGE-CAP CORE FUNDS AVERAGE (Reflects No Deduction for Taxes)
(2.58%) (1.54%) 1.32%  
After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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A, C, Select Shares | JPMorgan U.S. Large Cap Core Plus Fund II
JPMorgan U.S. Large Cap Core Plus Fund II
What is the goal of the Fund?
The Fund seeks to provide a high total return from a portfolio of selected equity securities
with a secondary focus on maximizing after-tax return.
Fees and Expenses of the Fund
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 25 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
SHAREHOLDER FEES (Fees paid directly from your investment)
Shareholder Fees A, C, Select Shares JPMorgan U.S. Large Cap Core Plus Fund II
Class A
Class C
Select Class
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price 5.25% none none
Maximum Deferred Sales Charge (Load) as a % of Original Cost of the Shares none [1] 1.00% none
[1] (under $1 million)
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Annual Fund Operating Expenses A, C, Select Shares JPMorgan U.S. Large Cap Core Plus Fund II
Class A
Class C
Select Class
Management Fees 1.00% 1.00% 1.00%
Distribution (Rule 12b-1) Fees 0.25% 0.75% none
Other Expenses 4.41% 4.39% 4.43%
Dividend Expenses on Short Sales 0.45% 0.45% 0.45%
Shareholder Service Fees 0.25% 0.25% 0.25%
Remainder of Other Expenses 3.71% 3.69% 3.73%
Total Annual Fund Operating Expenses 5.66% 6.14% 5.43%
Fee Waivers and Expense Reimbursements [1] (3.96%) (3.94%) (3.98%)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.70% 2.20% 1.45%
[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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses related to short 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 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
Example
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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example A, C, Select Shares JPMorgan U.S. Large Cap Core Plus Fund II (USD $)
1 Year
3 Years
5 years
10 years
CLASS A SHARES
689 1,789 2,876 5,529
CLASS C SHARES
323 1,471 2,691 5,621
SELECT CLASS SHARES
148 1,267 2,377 5,111
IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Expense Example, No Redemption A, C, Select Shares JPMorgan U.S. Large Cap Core Plus Fund II (USD $)
1 Year
3 Years
5 years
10 years
CLASS A SHARES
689 1,789 2,876 5,529
CLASS C SHARES
223 1,471 2,691 5,621
SELECT CLASS SHARES
143 1,267 2,377 5,111
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal period (October 3, 2011 through June 30, 2012), the Fund’s portfolio turnover rate (including short sales) was 80% of the average value of its portfolio.
What are the Fund’s main investment strategies?
In seeking to meet its objectives, the Fund will 1) take long and short positions in equity securities of U.S. large-cap companies in an effort to increase the Fund’s return relative to the S&P 500 Index, the Fund’s benchmark, and to traditional large-cap strategies which do not have the ability to sell stock short, while keeping the Fund’s net exposure to the equity market at a level similar to a traditional “long-only” strategy, and 2) manage both its long and short positions in a manner that seeks to maximize after-tax return. In combining these approaches, the Fund not only endeavors to outperform traditional “long-only” strategies, but also “long-only” tax aware strategies.

Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will consist of equity securities of large capitalization U.S. companies. Large capitalization companies are companies with market capitalizations of at least $4 billion at the time of purchase. “Assets” means net assets, plus the amount of borrowings for investment purposes. These equity securities will be selected from the universe of publicly traded securities with characteristics similar to those of large capitalization companies in the S&P 500 Index. In implementing its strategies, the Fund invests primarily in common stocks of U.S. companies, but may also invest up to 20% of its Assets in common stocks of foreign companies, including depositary receipts.

“Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index, as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund’s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping its net exposure to the market at a level similar to a traditional “long-only” strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However, the long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets.

In implementing its secondary objective of maximizing after-tax return, the Fund employs a number of tax aware strategies and seeks to minimize shareholder’s tax liability in connection with the Fund’s distribution of realized capital gain by minimizing the net gain available for distribution. The Fund typically sells securities when the anticipated performance benefit justifies the resulting gain. This strategy often includes minimizing the sale of securities with large unrealized gains, holding securities long enough to avoid short-term capital gains, endeavoring to sell securities with a high cost basis first and offsetting capital gains realized in one security by selling another security at a capital loss. Because the Fund also has the ability to short securities, it can implement additional tax-aware strategies that have the potential to increase the after-tax benefits to shareholders. These include the ability to realize additional capital losses regardless of market conditions and to net dividend expenses associated with the Fund’s short positions against the Fund’s dividend income. If the Fund distributes net investment income, the Fund will seek to maximize its ability to distribute dividends designated as qualified dividend income (which is taxed at the lower long-term capital gains rate rather than at the higher tax rate for ordinary income (for non-corporate shareholders)). However, it is possible that a portion of the Fund’s distributions will be taxed as ordinary income.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as:

  • catalysts that could trigger a rise in a stock’s price
  • high perceived potential reward compared to perceived potential risk
  • possible temporary mispricings caused by apparent market overreactions
The Fund’s Main Investment Risks
The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

Tax Aware Investing Risk. The Fund’s tax aware strategies may reduce your taxable income, but will not eliminate it. These strategies may require trade-offs that reduce pretax income.

Managing the Fund to maximize after-tax returns may also potentially have a negative effect on the Fund’s performance. Because tax consequences are considered in managing the Fund, the Fund’s pre-tax performance may be lower than that of a similar fund that is not tax-managed.

Foreign Securities Risk. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

Derivatives Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities held long (or appreciating prices of securities held short), or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

The Fund’s Past Performance
The Fund commenced operations on October 3, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of the Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
Select Shares | JPMorgan Dynamic Growth Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Dynamic Growth Fund

Class/Ticker: Select/JDGSX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks long-term capital growth.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 99% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 99.00%
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Under normal circumstances, the Fund invests in a focused portfolio of equity securities of large capitalization companies. Large cap companies are companies with market capitalizations equal to those within the universe of the Russell 1000® Growth Index at the time of purchase. Typically, the Fund invests in common stocks of companies with a history of above-average growth or companies expected to enter periods of above-average growth. Although the Fund will invest primarily in equity securities of U.S. companies, it may invest up to 20% of its total assets in foreign securities, including depositary receipts.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

The Fund is non-diversified.

Investment Process: The Fund’s adviser will utilize a combination of qualitative analysis and quantitative metrics in order to seek to achieve target returns which are higher than the Fund’s benchmark while attempting to maintain a moderate risk profile. In managing the Fund, the adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. The adviser looks for companies with leading competitive positions, predictable and durable business models and management that can achieve sustained growth.

The adviser may sell a security for several reasons. The adviser may sell a security due to a change in the company’s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be reasonably valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Growth Investing Risk. Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may also trade at higher multiples of current earnings, compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Foreign Securities Risk. Investments in foreign issuers are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets.

Non-Diversified Fund Risk. Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results among those issuing the securities.

High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus Non-Diversified Fund Risk. Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results among those issuing the securities.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund. The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Subsequent to the inception of the Fund on 11/30/07 until 8/6/10, the Fund did not experience any shareholder purchase and sale activity. If such shareholder activity had occurred, the Fund’s performance may have been impacted. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter3rd quarter, 201015.81%
Worst Quarter4th quarter, 2008–24.70%

The Fund’s year-to-date total return through 9/30/12 was 20.44%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For the period ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Select Shares | JPMorgan Dynamic Growth Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.60%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.34%
Other Expenses rr_OtherExpensesOverAssets 0.59%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.20%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.19%) [1]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.01% [1]
1 Year rr_ExpenseExampleYear01 103
3 Years rr_ExpenseExampleYear03 362
5 Years rr_ExpenseExampleYear05 641
10 Years rr_ExpenseExampleYear10 1,438
1 Year rr_ExpenseExampleNoRedemptionYear01 103
3 Years rr_ExpenseExampleNoRedemptionYear03 362
5 Years rr_ExpenseExampleNoRedemptionYear05 641
10 Years rr_ExpenseExampleNoRedemptionYear10 1,438
2008 rr_AnnualReturn2008 (42.17%)
2009 rr_AnnualReturn2009 43.31%
2010 rr_AnnualReturn2010 19.14%
2011 rr_AnnualReturn2011 (4.69%)
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 20.44%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.81%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.70%)
Past 1 Year rr_AverageAnnualReturnYear01 (4.69%)
Life of Fund rr_AverageAnnualReturnSinceInception (1.25%)
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Select Shares | JPMorgan Dynamic Growth Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (4.69%)
Life of Fund rr_AverageAnnualReturnSinceInception (1.26%)
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Select Shares | JPMorgan Dynamic Growth Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (3.05%)
Life of Fund rr_AverageAnnualReturnSinceInception (1.06%)
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Select Shares | JPMorgan Dynamic Growth Fund | RUSSELL 1000 GROWTH INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 2.64%
Life of Fund rr_AverageAnnualReturnSinceInception 0.20%
Select Shares | JPMorgan Dynamic Growth Fund | LIPPER LARGE-CAP GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.90%)
Life of Fund rr_AverageAnnualReturnSinceInception (2.33%)
[1] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses of Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.00%, of its average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
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XML 56 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, B, C, Select Shares | JPMorgan Diversified Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Diversified Fund

Class/Ticker:
A/JDVAX; B/JDVBX; C/JDVCX; Select/JDVSX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide a high total return from a diversified portfolio of equity and fixed income investments.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $100,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 66% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 66.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $100,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 100,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Drawing on a variety of analytical tools, the Fund’s adviser allocates assets among various types of equity and fixed income investments, based on the following model allocation:
  • 30%–75% U.S. equity securities, including small–, medium– and large-cap securities
  • 25%–50% U.S. and foreign fixed income securities
  • 0%–30% foreign equity securities

The Fund invests in separate underlying strategies investing directly in individual securities or in other J.P. Morgan Funds, across asset classes, including: U.S. equity and developed international equity across market capitalizations, emerging markets equity, domestic and foreign fixed income, high yield fixed income, emerging markets debt, and real estate investment trusts (REITs).

The adviser may periodically increase or decrease the Fund’s actual asset allocation according to the relative attractiveness of each asset class.

Within its equity allocations, the Fund primarily invests in the common stock and convertible securities of U.S. and foreign companies.

Within its fixed income allocations, the Fund primarily invests in corporate bonds, mortgage-backed securities, mortgage “dollar rolls” and U.S. government securities. The Fund’s bond investments will primarily be rated investment grade by a national rating organization but the Fund may also invest up to 15% of its assets in certain high yield, high risk, non-investment grade securities (also known as junk bonds). This limit will include all investments held directly by the Fund, as well as J.P. Morgan Funds held by the Fund which invest primarily in high yield, non-investment grade securities.

In addition to purchasing securities directly, the Fund may invest up to 30% of its assets in shares of other J.P. Morgan Funds in order to expose the Fund to certain asset classes when the adviser believes it is appropriate.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. With respect to its fixed income allocations, the Fund may use futures contracts to manage and hedge interest rate risk associated with these investments, as well as to lengthen or shorten the duration of this portion of the portfolio. With respect to its equity and fixed income allocations, the Fund may use futures contracts to gain or reduce exposure to all or a portion of the stock or fixed income markets, respectively and for cash management. The Fund may use forward foreign currency exchange contracts to hedge or manage its foreign currency risk, as well as to gain exposure to certain currencies.

The adviser establishes the strategic and tactical allocation for the Fund and makes the day-to-day decisions concerning strategies and overall construction of the Fund. As attractive investments arise across asset classes and strategies, the adviser attempts to capture these opportunities by allocating the Fund’s assets among strategies and asset classes within pre-defined ranges.

Investment decisions within strategies and asset classes are implemented either by the portfolio managers of the Fund’s underlying strategies who select individual securities for the Fund or with the Fund’s purchase of other J.P. Morgan Funds.

The frequency with which the Fund buys and sells underlying investments will vary from year to year, depending on, but not limited to: market conditions, performance of the underlying investments, and changes in the adviser’s investment views.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

The Fund is exposed to the risks summarized below through both its direct investments and its investments in underlying funds.


An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

Foreign Securities and Emerging Markets Risks. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets. These risks are magnified in countries in “emerging markets.” Events and evolving conditions in certain economies or markets may alter the risks associated with investments tied to countries or regions that historically were perceived as comparatively stable becoming riskier and more volatile.

Smaller Cap Company Risk. Investments in securities of smaller companies may be riskier, more volatile and vulnerable to economic, market and industry changes than securities of larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Investments in Mutual Funds Risk. To the extent the Fund invests in underlying J.P. Morgan Funds, the Fund’s investment performance and risks are directly related to the performance and risks of the underlying funds. Shareholders will indirectly bear the expenses charged by those underlying funds. Because the adviser or its affiliates provide services to and receive fees from the underlying funds, the Fund’s investments in the underlying funds benefit the adviser and/or its affiliates. In addition, the Fund may hold a significant percentage of the shares of an underlying fund. As a result, the Fund’s investments in an underlying fund may create a conflict of interest.

Income Securities Risk. Investments in income securities will change in value based on changes in interest rates and are subject to the risk that a counterparty will fail to make payments when due or default. If interest rates rise, the value of the Fund’s income securities generally drops. Certain underlying funds invest in variable and floating rate loan assignments and participations (Loans) and other variable and floating rate securities. Although these instruments are generally less sensitive to interest rate changes than other fixed rate instruments, the value of floating rate Loans and other securities may decline if their interest rates do not rise as quickly, or as much, as general interest rates. Mortgage-related and asset-backed securities including so called “sub-prime” mortgages are subject to certain other risks including prepayment and call risks. When mortgages and other obligations are prepaid and when securities are called, the Fund may have to reinvest in securities with a lower yield or fail to recover additional amounts (i.e., premiums) paid for securities with higher interest rates, resulting in an unexpected capital loss and/or a decrease in the amount of dividends and yield. In periods of rising interest rates, the Fund may be subject to extension risk, and may receive principal later than expected. As a result, in periods of rising interest rates, the Fund may exhibit additional volatility. Mortgage-related and asset-backed securities may decline in value, face valuation difficulties, be more volatile and/or be illiquid.

Credit Risk. Some of the Fund’s investments are subject to the risk that a counterparty will fail to make payments when due or default completely. If an issuer’s financial condition worsens, the credit quality of the issuer may deteriorate making it difficult for the Fund to sell such investments.

High Yield Securities Risk. Some of the Fund’s investments are in securities and instruments that are issued by companies that are highly leveraged, less creditworthy or financially distressed (known as junk bonds). These investments are considered to be speculative and are subject to greater risk of loss, greater sensitivity to interest rate and economic changes, valuation difficulties, and potential illiquidity.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund, will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Derivative Risk. Derivatives, including futures and foreign currency exchange contracts, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns for the past one year, five years and ten years. The table compares that performance to the Diversified Composite Benchmark, a customized benchmark, the Morgan Stanley Capital International (MSCI) World Index (net of foreign withholding taxes), a broad-based securities market index, and the Lipper Mixed-Asset Target Allocation Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The Diversified Composite Benchmark is a composite benchmark of unmanaged indexes that corresponds to the Fund’s model allocation and that consists of MSCI World (60%) and Barclays U.S. Aggregate (40%) indexes. The performance of the Fund’s former benchmark, the S&P 500 Index, and former composite benchmark (which was composed of the S&P 500 (60%) and Barclays U.S. Aggregate (40%) indexes) is also presented in the table. The performance in the table for Class A, Class B, and Class C Shares is based on the performance of Select Class Shares prior to their inception on 3/24/03. The actual returns of Class A, Class B and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns for the past one year, five years and ten years.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Diversified Composite Benchmark, a customized benchmark, the Morgan Stanley Capital International (MSCI) World Index (net of foreign withholding taxes), a broad-based securities market index, and the Lipper Mixed-Asset Target Allocation Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter2nd quarter, 200913.95%
Worst Quarter4th quarter, 2008–13.88%

The Fund’s year-to-date total return through 9/30/12 was 12.64%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Performance Table Market Index Changed rr_PerformanceTableMarketIndexChanged Effective 10/31/12, the Fund’s benchmark changed from the S&P 500 Index to the MSCI World Index to better reflect the Fund’s investment strategies and asset allocation. At that time, the model allocation in the Diversified Composite Benchmark was also revised and the MSCI World Index replaced the S&P 500 Index.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
A, B, C, Select Shares | JPMorgan Diversified Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 4.50%
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.22%
Other Expenses rr_OtherExpensesOverAssets 0.47%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.42%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.29% [2]
1 Year rr_ExpenseExampleYear01 575
3 Years rr_ExpenseExampleYear03 867
5 Years rr_ExpenseExampleYear05 1,180
10 Years rr_ExpenseExampleYear10 2,065
1 Year rr_ExpenseExampleNoRedemptionYear01 575
3 Years rr_ExpenseExampleNoRedemptionYear03 867
5 Years rr_ExpenseExampleNoRedemptionYear05 1,180
10 Years rr_ExpenseExampleNoRedemptionYear10 2,065
Past 1 Year rr_AverageAnnualReturnYear01 (6.41%)
Past 5 Years rr_AverageAnnualReturnYear05 1.33%
Past 10 Years rr_AverageAnnualReturnYear10 3.58%
A, B, C, Select Shares | JPMorgan Diversified Fund | CLASS B SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 5.00%
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.22%
Other Expenses rr_OtherExpensesOverAssets 0.47%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.92%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.12%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.80% [2]
1 Year rr_ExpenseExampleYear01 683
3 Years rr_ExpenseExampleYear03 891
5 Years rr_ExpenseExampleYear05 1,226
10 Years rr_ExpenseExampleYear10 2,104
1 Year rr_ExpenseExampleNoRedemptionYear01 183
3 Years rr_ExpenseExampleNoRedemptionYear03 591
5 Years rr_ExpenseExampleNoRedemptionYear05 1,026
10 Years rr_ExpenseExampleNoRedemptionYear10 2,104
Past 1 Year rr_AverageAnnualReturnYear01 (7.48%)
Past 5 Years rr_AverageAnnualReturnYear05 1.37%
Past 10 Years rr_AverageAnnualReturnYear10 3.61%
A, B, C, Select Shares | JPMorgan Diversified Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.22%
Other Expenses rr_OtherExpensesOverAssets 0.47%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.92%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.12%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.80% [2]
1 Year rr_ExpenseExampleYear01 283
3 Years rr_ExpenseExampleYear03 591
5 Years rr_ExpenseExampleYear05 1,026
10 Years rr_ExpenseExampleYear10 2,234
1 Year rr_ExpenseExampleNoRedemptionYear01 183
3 Years rr_ExpenseExampleNoRedemptionYear03 591
5 Years rr_ExpenseExampleNoRedemptionYear05 1,026
10 Years rr_ExpenseExampleNoRedemptionYear10 2,234
Past 1 Year rr_AverageAnnualReturnYear01 (3.52%)
Past 5 Years rr_AverageAnnualReturnYear05 1.74%
Past 10 Years rr_AverageAnnualReturnYear10 3.56%
A, B, C, Select Shares | JPMorgan Diversified Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.55%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.22%
Other Expenses rr_OtherExpensesOverAssets 0.47%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.17%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.04% [2]
1 Year rr_ExpenseExampleYear01 106
3 Years rr_ExpenseExampleYear03 359
5 Years rr_ExpenseExampleYear05 631
10 Years rr_ExpenseExampleYear10 1,409
1 Year rr_ExpenseExampleNoRedemptionYear01 106
3 Years rr_ExpenseExampleNoRedemptionYear03 359
5 Years rr_ExpenseExampleNoRedemptionYear05 631
10 Years rr_ExpenseExampleNoRedemptionYear10 1,409
2002 rr_AnnualReturn2002 (13.22%)
2003 rr_AnnualReturn2003 20.90%
2004 rr_AnnualReturn2004 9.28%
2005 rr_AnnualReturn2005 4.28%
2006 rr_AnnualReturn2006 12.55%
2007 rr_AnnualReturn2007 6.79%
2008 rr_AnnualReturn2008 (25.41%)
2009 rr_AnnualReturn2009 26.92%
2010 rr_AnnualReturn2010 14.11%
2011 rr_AnnualReturn2011 (1.70%)
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 12.64%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 13.95%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (13.88%)
Past 1 Year rr_AverageAnnualReturnYear01 (1.70%)
Past 5 Years rr_AverageAnnualReturnYear05 2.55%
Past 10 Years rr_AverageAnnualReturnYear10 4.32%
A, B, C, Select Shares | JPMorgan Diversified Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.33%)
Past 5 Years rr_AverageAnnualReturnYear05 1.52%
Past 10 Years rr_AverageAnnualReturnYear10 3.48%
A, B, C, Select Shares | JPMorgan Diversified Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (0.91%)
Past 5 Years rr_AverageAnnualReturnYear05 1.79%
Past 10 Years rr_AverageAnnualReturnYear10 3.40%
A, B, C, Select Shares | JPMorgan Diversified Fund | DIVERSIFIED COMPOSITE BENCHMARK (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (0.01%) [3]
Past 5 Years rr_AverageAnnualReturnYear05 1.60% [3]
Past 10 Years rr_AverageAnnualReturnYear10 4.87% [3]
A, B, C, Select Shares | JPMorgan Diversified Fund | FORMER COMPOSITE BENCHMARK (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 4.69% [3]
Past 5 Years rr_AverageAnnualReturnYear05 2.84% [3]
Past 10 Years rr_AverageAnnualReturnYear10 4.40% [3]
A, B, C, Select Shares | JPMorgan Diversified Fund | MSCI WORLD INDEX (Reflects No Deduction for Fees, Expenses or Taxes, Except Foreign Withholding Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (5.54%) [3]
Past 5 Years rr_AverageAnnualReturnYear05 (2.37%) [3]
Past 10 Years rr_AverageAnnualReturnYear10 3.62% [3]
A, B, C, Select Shares | JPMorgan Diversified Fund | S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 2.11% [3]
Past 5 Years rr_AverageAnnualReturnYear05 (0.25%) [3]
Past 10 Years rr_AverageAnnualReturnYear10 2.92% [3]
A, B, C, Select Shares | JPMorgan Diversified Fund | LIPPER MIXED-ASSET TARGET ALLOCATION GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (0.54%)
Past 5 Years rr_AverageAnnualReturnYear05 1.32%
Past 10 Years rr_AverageAnnualReturnYear10 4.44%
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.14%, 1.65%, 1.65% and 0.89%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
[3] Effective 10/31/12, the Fund's benchmark changed from the S&P 500 Index to the MSCI World Index to better reflect the Fund's investment strategies and asset allocation. At that time, the model allocation in the Diversified Composite Benchmark was also revised and the MSCI World Index replaced the S&P 500 Index.
XML 57 R169.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
A, C, Select Shares | JPMorgan Equity Focus Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Equity Focus Fund

Class/Ticker: A/JPFAX; C/JPFCX; Select/JPFSX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks long term capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 25 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal period (July 29, 2011 through June 30, 2012), the Fund’s portfolio turnover rate was 71% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 71.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund is a non-diversified equity portfolio which is normally managed as a core portfolio, but which has the ability to proactively invest more heavily in either growth or value securities depending on market conditions and the convictions of the adviser. The Fund invests in a limited number of U.S. equity securities, generally not more than 40. In choosing securities, the Fund seeks to invest in companies with one or more of the following characteristics:
  • A durable franchise
  • A sustainable competitive position relative to its peers
  • A market leader
  • A strong management team focused on increasing shareholder value
  • A strong balance sheet.
The size of the allocation of the Fund to growth and value securities will vary based on market conditions, and the convictions of the adviser each ranging from 35% to 65% of the equity investments in the Fund.

Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund typically invests in equity securities with market capitalizations of $1 billion or more. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its assets in common stocks of foreign companies, including depositary receipts.

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

If the Fund’s portfolio managers cannot find attractive investments, the Fund may invest up to 20% of its assets in cash and cash equivalents until appropriate investments are identified.

Investment Process: In managing the Fund, the portfolio managers employ a process that combines research, valuation and stock selection.

In selecting growth stocks, the adviser focuses on companies whose revenue growth potential is underappreciated by investors, specifically looking for companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. These companies have one or more of the following characteristics:

  • A favorable supply/demand imbalance for the company’s product or service
  • Underappreciated growth opportunities
  • Differentiated business model
  • Ability to gain market share
  • Growth opportunities in emerging industries or those that emerge from industry changes
In selecting value stocks, the adviser seeks to invest in companies which have durable franchises and which appear to be undervalued and have the ability to grow intrinsic value per share. Companies with durable franchises generally have a sustainable competitive position relative to peers, high returns on capital, a diversified client or asset base and a strong brand.

The adviser may sell a security due to a change in the company’s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be attractively valued. Investments may also be sold if a portfolio manager identifies a stock that he believes offers a better investment opportunity or to reallocate the Fund’s assets between growth and value securities.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Non-Diversified Fund Risk. The Fund is non-diversified and typically invests in no more than 40 securities. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results of those issuing the securities. The value of the Fund’s shares may also be more volatile than the value of a Fund which invests in more securities.

Strategy Risk. Although the Fund is normally managed as a core portfolio, it may invest more heavily in either growth or value securities depending on market conditions and the convictions of the adviser.

If the Fund invests more heavily in growth securities, it will be more subject to risks related to growth investing. Specifically, growth stocks may trade at higher multiples of current earnings compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

If the Fund invests more heavily in value securities, it will be more subject to risks related to value investing. Specifically, a value stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company’s value or the factors that the adviser believes will cause the stock price to increase do not occur.

Smaller Cap Company Risk. Investments in companies with capitalizations as low as $1 billion may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Foreign Securities Risk. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit- worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Derivatives Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus Non-Diversified Fund Risk. The Fund is non-diversified and typically invests in no more than 40 securities. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results of those issuing the securities. The value of the Fund’s shares may also be more volatile than the value of a Fund which invests in more securities.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund commenced operations on July 29, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund commenced operations on July 29, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund.
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Although past performance is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
A, C, Select Shares | JPMorgan Equity Focus Fund | CLASS A SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
Maximum Deferred Sales Charge (Load) as a % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 3.94%
Other Expenses rr_OtherExpensesOverAssets 4.19%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.10%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (3.84%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.26% [2]
1 Year rr_ExpenseExampleYear01 647
3 Years rr_ExpenseExampleYear03 1,648
5 Years rr_ExpenseExampleYear05 2,648
10 Years rr_ExpenseExampleYear10 5,138
1 Year rr_ExpenseExampleNoRedemptionYear01 647
3 Years rr_ExpenseExampleNoRedemptionYear03 1,648
5 Years rr_ExpenseExampleNoRedemptionYear05 2,648
10 Years rr_ExpenseExampleNoRedemptionYear10 5,138
A, C, Select Shares | JPMorgan Equity Focus Fund | CLASS C SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) as a % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 3.93%
Other Expenses rr_OtherExpensesOverAssets 4.18%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.59%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (3.83%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.76% [2]
1 Year rr_ExpenseExampleYear01 279
3 Years rr_ExpenseExampleYear03 1,326
5 Years rr_ExpenseExampleYear05 2,460
10 Years rr_ExpenseExampleYear10 5,237
1 Year rr_ExpenseExampleNoRedemptionYear01 179
3 Years rr_ExpenseExampleNoRedemptionYear03 1,326
5 Years rr_ExpenseExampleNoRedemptionYear05 2,460
10 Years rr_ExpenseExampleNoRedemptionYear10 5,237
A, C, Select Shares | JPMorgan Equity Focus Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) as a % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 3.94%
Other Expenses rr_OtherExpensesOverAssets 4.19%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.85%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (3.84%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.01% [2]
1 Year rr_ExpenseExampleYear01 103
3 Years rr_ExpenseExampleYear03 1,113
5 Years rr_ExpenseExampleYear05 2,126
10 Years rr_ExpenseExampleYear10 4,673
1 Year rr_ExpenseExampleNoRedemptionYear01 103
3 Years rr_ExpenseExampleNoRedemptionYear03 1,113
5 Years rr_ExpenseExampleNoRedemptionYear05 2,126
10 Years rr_ExpenseExampleNoRedemptionYear10 4,673
[1] (under $1 million)
[2] 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short 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 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
XML 58 R119.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Nov. 01, 2012
Select Shares | JPMorgan Small Cap Core Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Small Cap Core Fund

Class/Ticker: Select/VSSCX
Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks capital growth over the long term.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the
value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 45% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 45.00%
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES YOUR
COST WOULD BE:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES YOUR
COST WOULD BE:
Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations equal to those within the universe of Russell 2000® Index at the time of purchase. As of the last reconstitution of the Russell 2000 Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. Sector by sector, the Fund’s weightings are similar to those of the Russell 2000 Index. The Fund can moderately underweight or overweight sectors when it believes it will benefit performance. In implementing its main strategies, the Fund’s investments are primarily in common stocks and real estate investment trusts (REITs).

Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

Investment Process: The Fund pursues returns that exceed those of the Russell 2000 Index while seeking to limit its volatility relative to this index. In managing the Fund, the adviser employs a process that ranks stocks based on its proprietary stock ranking system. The rankings are then reviewed and adjusted utilizing fundamental research conducted by the investment team to enhance accuracy and consistency. The adjusted rankings are used to place stocks into portfolios. In general, stocks are purchased when they are among the top ranked within their sector. Stocks become candidates for sale when their ranking falls, when they appear unattractive or when the company is no longer a small cap company. The Fund may continue to hold the securities if it believes further substantial growth is possible. Risk factor exposures are managed through portfolio construction. Portfolio constraints control for sector weights, position sizes and/or style characteristics of the Fund.

Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Small Cap Company Risk. Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

 

Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

You could lose money investing in the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns for the past one year, five years and ten years. The table compares that performance to the Russell 2000® Index and Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns for the past one year, five years and ten years.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 2000® Index and Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter3rd quarter, 200919.97%
Worst Quarter4th quarter, 2008–26.24%

The Fund’s year-to-date total return through 9/30/12 was 16.64%.

Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Select Shares | JPMorgan Small Cap Core Fund | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.12%
Other Expenses rr_OtherExpensesOverAssets 0.37%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.02%
Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.22%) [1]
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 0.80% [1]
1 Year rr_ExpenseExampleYear01 82
3 Years rr_ExpenseExampleYear03 303
5 Years rr_ExpenseExampleYear05 542
10 Years rr_ExpenseExampleYear10 1,228
1 Year rr_ExpenseExampleNoRedemptionYear01 82
3 Years rr_ExpenseExampleNoRedemptionYear03 303
5 Years rr_ExpenseExampleNoRedemptionYear05 542
10 Years rr_ExpenseExampleNoRedemptionYear10 1,228
2002 rr_AnnualReturn2002 (16.94%)
2003 rr_AnnualReturn2003 35.20%
2004 rr_AnnualReturn2004 22.31%
2005 rr_AnnualReturn2005 3.90%
2006 rr_AnnualReturn2006 15.41%
2007 rr_AnnualReturn2007 (5.27%)
2008 rr_AnnualReturn2008 (31.86%)
2009 rr_AnnualReturn2009 23.07%
2010 rr_AnnualReturn2010 27.37%
2011 rr_AnnualReturn2011 (4.58%)
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 16.64%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 19.97%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (26.24%)
Past 1 Year rr_AverageAnnualReturnYear01 (4.58%)
Past 5 Years rr_AverageAnnualReturnYear05 (0.70%)
Past 10 Years rr_AverageAnnualReturnYear10 4.75%
Select Shares | JPMorgan Small Cap Core Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (4.66%)
Past 5 Years rr_AverageAnnualReturnYear05 (1.56%)
Past 10 Years rr_AverageAnnualReturnYear10 3.70%
Select Shares | JPMorgan Small Cap Core Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (2.87%)
Past 5 Years rr_AverageAnnualReturnYear05 (0.76%)
Past 10 Years rr_AverageAnnualReturnYear10 3.91%
Select Shares | JPMorgan Small Cap Core Fund | RUSSELL 2000 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (4.18%)
Past 5 Years rr_AverageAnnualReturnYear05 0.15%
Past 10 Years rr_AverageAnnualReturnYear10 5.62%
Select Shares | JPMorgan Small Cap Core Fund | LIPPER SMALL-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Past 1 Year rr_AverageAnnualReturnYear01 (3.81%)
Past 5 Years rr_AverageAnnualReturnYear05 1.32%
Past 10 Years rr_AverageAnnualReturnYear10 5.81%
[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 Fund Operating Expenses of Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.80% of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
XML 59 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
12 Months Ended
Nov. 01, 2012
Risk/Return:  
Document Type 485BPOS
Document Period End Date Jun. 30, 2012
Registrant Name JPMorgan Trust I
Central Index Key 0001217286
Amendment Flag false
Document Creation Date Oct. 26, 2012
Document Effective Date Nov. 01, 2012
Prospectus Date Nov. 01, 2012
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    Select Shares | JPMorgan Dynamic Growth Fund
    JPMorgan Dynamic Growth Fund

    Class/Ticker: Select/JDGSX
    What is the goal of the Fund?
    The Fund seeks long-term capital growth.
    Fees and Expenses of the Fund
    The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
    ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the
    value of your investment)
    Annual Fund Operating Expenses
    Select Shares
    JPMorgan Dynamic Growth Fund
    Select Class
    Management Fees 0.60%
    Distribution (Rule 12b-1) Fees none
    Other Expenses 0.59%
    Shareholder Service Fees 0.25%
    Remainder of Other Expenses 0.34%
    Acquired Fund Fees and Expenses 0.01%
    Total Annual Fund Operating Expenses 1.20%
    Fee Waivers and Expense Reimbursements [1] (0.19%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.01%
    [1] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses of Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.00%, of its average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    Example
    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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
    COST WOULD BE:
    Expense Example (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    Select Shares JPMorgan Dynamic Growth Fund SELECT CLASS SHARES
    103 362 641 1,438
    WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
    COST WOULD BE:
    Expense Example, No Redemption (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    Select Shares JPMorgan Dynamic Growth Fund SELECT CLASS SHARES
    103 362 641 1,438
    Portfolio Turnover
    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 99% of the average value of its portfolio.
    What are the Fund’s main investment strategies?

    Under normal circumstances, the Fund invests in a focused portfolio of equity securities of large capitalization companies. Large cap companies are companies with market capitalizations equal to those within the universe of the Russell 1000® Growth Index at the time of purchase. Typically, the Fund invests in common stocks of companies with a history of above-average growth or companies expected to enter periods of above-average growth. Although the Fund will invest primarily in equity securities of U.S. companies, it may invest up to 20% of its total assets in foreign securities, including depositary receipts.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    The Fund is non-diversified.

    Investment Process: The Fund’s adviser will utilize a combination of qualitative analysis and quantitative metrics in order to seek to achieve target returns which are higher than the Fund’s benchmark while attempting to maintain a moderate risk profile. In managing the Fund, the adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. The adviser looks for companies with leading competitive positions, predictable and durable business models and management that can achieve sustained growth.

    The adviser may sell a security for several reasons. The adviser may sell a security due to a change in the company’s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be reasonably valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

    The Fund’s Main Investment Risks
    The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Growth Investing Risk. Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may also trade at higher multiples of current earnings, compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Foreign Securities Risk. Investments in foreign issuers are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets.

    Non-Diversified Fund Risk. Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results among those issuing the securities.

    High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    The Fund’s Past Performance
    This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund. The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Subsequent to the inception of the Fund on 11/30/07 until 8/6/10, the Fund did not experience any shareholder purchase and sale activity. If such shareholder activity had occurred, the Fund’s performance may have been impacted. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
    YEAR-BY-YEAR RETURNS
    Bar Chart
    Best Quarter3rd quarter, 201015.81%
    Worst Quarter4th quarter, 2008–24.70%

    The Fund’s year-to-date total return through 9/30/12 was 20.44%.

    AVERAGE ANNUAL TOTAL RETURNS
    (For the period ended December 31, 2011)
    Average Annual Total Returns Select Shares JPMorgan Dynamic Growth Fund
    Past 1 Year
    Life of Fund
    Inception Date
    SELECT CLASS SHARES
    (4.69%) (1.25%) Nov. 30, 2007
    SELECT CLASS SHARES Return After Taxes on Distributions
    (4.69%) (1.26%) Nov. 30, 2007
    SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
    (3.05%) (1.06%) Nov. 30, 2007
    RUSSELL 1000 GROWTH INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
    2.64% 0.20%  
    LIPPER LARGE-CAP GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
    (2.90%) (2.33%)  
    After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    XML 63 R184.htm IDEA: XBRL DOCUMENT v2.4.0.6
    Institutional Shares | JPMorgan U.S. Large Cap Core Plus Fund II
    JPMorgan U.S. Large Cap Core Plus Fund II
    What is the goal of the Fund?
    The Fund seeks to provide a high total return from a portfolio of selected equity securities
    with a secondary focus on maximizing after-tax return.
    Fees and Expenses of the Fund
    The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
    ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the value
    of your investment)
    Annual Fund Operating Expenses
    Institutional Shares
    JPMorgan U.S. Large Cap Core Plus Fund II
    Institutional Class
    Management Fees 1.00%
    Distribution (Rule 12b-1) Fees none
    Other Expenses 4.28%
    Dividend Expenses on Short Sales 0.45%
    Shareholder Service Fees 0.10%
    Remainder of Other Expenses 3.73%
    Total Annual Fund Operating Expenses 5.28%
    Fee Waivers and Expense Reimbursements [1] (3.98%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.30%
    [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 Fund Operating Expenses of Institutional Class Shares (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceeds 0.85%, of its average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    Example
    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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
    COST WOULD BE:
    Expense Example (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    Institutional Shares JPMorgan U.S. Large Cap Core Plus Fund II INSTITUTIONAL CLASS SHARES
    132 1,224 2,310 4,999
    WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
    COST WOULD BE:
    Expense Example, No Redemption (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    Institutional Shares JPMorgan U.S. Large Cap Core Plus Fund II INSTITUTIONAL CLASS SHARES
    132 1,224 2,310 4,999
    Portfolio Turnover
    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal period (October 3, 2011 through June 30, 2012), the Fund’s portfolio turnover rate (including short sales) was 80% of the average value of its portfolio.
    What are the Fund’s main investment strategies?
    In seeking to meet its objectives, the Fund will 1) take long and short positions in equity securities of U.S. large-cap companies in an effort to increase the Fund’s return relative to the S&P 500 Index, the Fund’s benchmark, and to traditional large-cap strategies which do not have the ability to sell stock short, while keeping the Fund’s net exposure to the equity market at a level similar to a traditional “long-only” strategy, and 2) manage both its long and short positions in a manner that seeks to maximize after-tax return. In combining these approaches, the Fund not only endeavors to outperform traditional “long-only” strategies, but also “long-only” tax aware strategies.

    Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will consist of equity securities of large capitalization U.S. companies. Large capitalization companies are companies with market capitalizations of at least $4 billion at the time of purchase. “Assets” means net assets, plus the amount of borrowings for investment purposes. These equity securities will be selected from the universe of publicly traded securities with characteristics similar to those of large capitalization companies in the S&P 500 Index. In implementing its strategies, the Fund invests primarily in common stocks of U.S. companies, but may also invest up to 20% of its Assets in common stocks of foreign companies, including depositary receipts.

    “Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index, as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund’s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping its net exposure to the market at a level similar to a traditional “long-only” strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

    The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However, the long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets.

    In implementing its secondary objective of maximizing after-tax return, the Fund employs a number of tax aware strategies and seeks to minimize shareholder’s tax liability in connection with the Fund’s distribution of realized capital gain by minimizing the net gain available for distribution. The Fund typically sells securities when the anticipated performance benefit justifies the resulting gain. This strategy often includes minimizing the sale of securities with large unrealized gains, holding securities long enough to avoid short-term capital gains, endeavoring to sell securities with a high cost basis first and offsetting capital gains realized in one security by selling another security at a capital loss. Because the Fund also has the ability to short securities, it can implement additional tax-aware strategies that have the potential to increase the after-tax benefits to shareholders. These include the ability to realize additional capital losses regardless of market conditions and to net dividend expenses associated with the Fund’s short positions against the Fund’s dividend income. If the Fund distributes net investment income, the Fund will seek to maximize its ability to distribute dividends designated as qualified dividend income (which is taxed at a lower long-term capital gains rate rather than at the higher tax rate for ordinary income (for non-corporate shareholders)). However, it is possible that a portion of the Fund’s distributions will be taxed as ordinary income.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

    On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as:

    • catalysts that could trigger a rise in a stock’s price
    • high perceived potential reward compared to perceived potential risk
    • possible temporary mispricings caused by apparent market overreactions
    The Fund’s Main Investment Risks
    The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

    Tax Aware Investing Risk. The Fund’s tax aware strategies may reduce your taxable income, but will not eliminate it. These strategies may require trade-offs that reduce pretax income.

    Managing the Fund to maximize after-tax returns may also potentially have a negative effect on the Fund’s performance. Because tax consequences are considered in managing the Fund, the Fund’s pre-tax performance may be lower than that of a similar fund that is not tax-managed.

    Foreign Securities Risk. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

    Derivatives Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities held long (or appreciating prices of securities held short), or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    The Fund’s Past Performance
    The Fund commenced operations on October 3, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of the Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
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    A, C, Select Shares | JPMorgan Equity Focus Fund
    JPMorgan Equity Focus Fund

    Class/Ticker: A/JPFAX; C/JPFCX; Select/JPFSX
    What is the goal of the Fund?
    The Fund seeks long term capital appreciation.
    Fees and Expenses of the Fund
    The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 25 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    SHAREHOLDER FEES (Fees paid directly from your investment)
    Shareholder Fees A, C, Select Shares JPMorgan Equity Focus Fund
    Class A
    Class C
    Select Class
    Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price 5.25% none none
    Maximum Deferred Sales Charge (Load) as a % of Original Cost of the Shares none [1] 1.00% none
    [1] (under $1 million)
    ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the value
    of your investment)
    Annual Fund Operating Expenses A, C, Select Shares JPMorgan Equity Focus Fund
    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 4.19% 4.18% 4.19%
    Shareholder Service Fees 0.25% 0.25% 0.25%
    Remainder of Other Expenses 3.94% 3.93% 3.94%
    Acquired Fund Fees and Expenses 0.01% 0.01% 0.01%
    Total Annual Fund Operating Expenses 5.10% 5.59% 4.85%
    Fee Waivers and Expense Reimbursements [1] (3.84%) (3.83%) (3.84%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.26% 1.76% 1.01%
    [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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short 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 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    Example
    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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example A, C, Select Shares JPMorgan Equity Focus Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    647 1,648 2,648 5,138
    CLASS C SHARES
    279 1,326 2,460 5,237
    SELECT CLASS SHARES
    103 1,113 2,126 4,673
    IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Expense Example, No Redemption A, C, Select Shares JPMorgan Equity Focus Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    647 1,648 2,648 5,138
    CLASS C SHARES
    179 1,326 2,460 5,237
    SELECT CLASS SHARES
    103 1,113 2,126 4,673
    Portfolio Turnover
    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal period (July 29, 2011 through June 30, 2012), the Fund’s portfolio turnover rate was 71% of the average value of its portfolio.
    What are the Fund’s main investment strategies?
    The Fund is a non-diversified equity portfolio which is normally managed as a core portfolio, but which has the ability to proactively invest more heavily in either growth or value securities depending on market conditions and the convictions of the adviser. The Fund invests in a limited number of U.S. equity securities, generally not more than 40. In choosing securities, the Fund seeks to invest in companies with one or more of the following characteristics:
    • A durable franchise
    • A sustainable competitive position relative to its peers
    • A market leader
    • A strong management team focused on increasing shareholder value
    • A strong balance sheet.
    The size of the allocation of the Fund to growth and value securities will vary based on market conditions, and the convictions of the adviser each ranging from 35% to 65% of the equity investments in the Fund.

    Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund typically invests in equity securities with market capitalizations of $1 billion or more. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its assets in common stocks of foreign companies, including depositary receipts.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    If the Fund’s portfolio managers cannot find attractive investments, the Fund may invest up to 20% of its assets in cash and cash equivalents until appropriate investments are identified.

    Investment Process: In managing the Fund, the portfolio managers employ a process that combines research, valuation and stock selection.

    In selecting growth stocks, the adviser focuses on companies whose revenue growth potential is underappreciated by investors, specifically looking for companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. These companies have one or more of the following characteristics:

    • A favorable supply/demand imbalance for the company’s product or service
    • Underappreciated growth opportunities
    • Differentiated business model
    • Ability to gain market share
    • Growth opportunities in emerging industries or those that emerge from industry changes
    In selecting value stocks, the adviser seeks to invest in companies which have durable franchises and which appear to be undervalued and have the ability to grow intrinsic value per share. Companies with durable franchises generally have a sustainable competitive position relative to peers, high returns on capital, a diversified client or asset base and a strong brand.

    The adviser may sell a security due to a change in the company’s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be attractively valued. Investments may also be sold if a portfolio manager identifies a stock that he believes offers a better investment opportunity or to reallocate the Fund’s assets between growth and value securities.

    The Fund’s Main Investment Risks
    The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Non-Diversified Fund Risk. The Fund is non-diversified and typically invests in no more than 40 securities. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results of those issuing the securities. The value of the Fund’s shares may also be more volatile than the value of a Fund which invests in more securities.

    Strategy Risk. Although the Fund is normally managed as a core portfolio, it may invest more heavily in either growth or value securities depending on market conditions and the convictions of the adviser.

    If the Fund invests more heavily in growth securities, it will be more subject to risks related to growth investing. Specifically, growth stocks may trade at higher multiples of current earnings compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

    If the Fund invests more heavily in value securities, it will be more subject to risks related to value investing. Specifically, a value stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company’s value or the factors that the adviser believes will cause the stock price to increase do not occur.

    Smaller Cap Company Risk. Investments in companies with capitalizations as low as $1 billion may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

    Foreign Securities Risk. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

    Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit- worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

    Derivatives Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    The Fund’s Past Performance
    The Fund commenced operations on July 29, 2011 and, therefore, does not have a full calendar year of performance. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
    XML 65 R80.htm IDEA: XBRL DOCUMENT v2.4.0.6
    Label Element Value
    Risk/Return: rr_RiskReturnAbstract  
    Registrant Name dei_EntityRegistrantName JPMorgan Trust I
    Prospectus Date rr_ProspectusDate Nov. 01, 2012
    A, C, Select Shares | JPMorgan U.S. Research Equity Plus Fund
     
    Risk/Return: rr_RiskReturnAbstract  
    Risk/Return [Heading] rr_RiskReturnHeading JPMorgan U.S. Research Equity Plus Fund

    Class/Ticker: A/JEPAX; C/JEPCX; Select/JEPSX
    Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide total return from a portfolio of selected equity securities.
    Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
    Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
    Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the value
    of your investment)
    Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate (including short sales) was 75% of the average value of its portfolio.
    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 75.00%
    Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
    Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
    Expense Example [Heading] rr_ExpenseExampleHeading Example
    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13, and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will invest in equity securities of large capitalization, U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Large capitalization companies are companies with market capitalizations of at least $4 billion at the time of purchase. In implementing its strategy, the Fund invests primarily in common stocks, real estate investment trusts (REITs) and depositary receipts. The adviser also generally is sector neutral relative to the S&P 500 Index and emphasizes stock selection as the primary means of generating returns.

    “Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index as well as relative to traditional strategies that do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the Fund’s adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund’s net exposure to the market at a level similar to a traditional “long only” strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

    The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However the long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

    On behalf of the Fund, the adviser buys and sells, as well as shorts and covers shorts in, equity securities and derivatives on those securities according to its own policies, using the research and valuation rankings as a basis. In general, the adviser buys and covers shorts in equity securities that are identified as undervalued and considers selling or shorting them when they appear overvalued. Along with attractive valuation, the adviser often considers a number of other criteria such as:

    • catalysts that could trigger a rise in a stock’s price
    • impact on the overall risk of the portfolio relative to the benchmark
    • high potential reward compared to potential risk and
    • temporary mispricings caused by apparent market overreactions.
    Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Foreign Securities Risk. To the extent the Fund invests in depositary receipts, such investments are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets.

    Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund, will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
    Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows the performance of the Fund’s Select Class Shares over the past calender year. The table shows the average annual total returns for the past one year and the life of the Fund. The table compares that performance to the S&P 500® Index and the Lipper Extended U.S. Large-Cap Core Funds Average, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
    Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows the performance of the Fund’s Select Class Shares over the past calender year. The table shows the average annual total returns for the past one year and the life of the Fund.
    Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the S&P 500® Index and the Lipper Extended U.S. Large-Cap Core Funds Average, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
    Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
    Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
    Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
    Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
    Best Quarter4th quarter, 20119.75%
    Worst Quarter3rd quarter, 2011–15.52%

    The Fund’s year-to-date total return through 9/30/12 was 19.04%.

    Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
    (For the period ended December 31, 2011)
    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary.
    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    A, C, Select Shares | JPMorgan U.S. Research Equity Plus Fund | CLASS A SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
    Management Fees rr_ManagementFeesOverAssets 1.00%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 1.72%
    Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 1.09%
    Other Expenses rr_OtherExpensesOverAssets 3.06%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.31%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.97%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 2.34% [2]
    1 Year rr_ExpenseExampleYear01 750
    3 Years rr_ExpenseExampleYear03 1,594
    5 Years rr_ExpenseExampleYear05 2,450
    10 Years rr_ExpenseExampleYear10 4,642
    1 Year rr_ExpenseExampleNoRedemptionYear01 750
    3 Years rr_ExpenseExampleNoRedemptionYear03 1,594
    5 Years rr_ExpenseExampleNoRedemptionYear05 2,450
    10 Years rr_ExpenseExampleNoRedemptionYear10 4,642
    Past 1 Year rr_AverageAnnualReturnYear01 (8.36%)
    Life of Fund rr_AverageAnnualReturnSinceInception (1.33%)
    Inception Date rr_AverageAnnualReturnInceptionDate Apr. 03, 2010
    A, C, Select Shares | JPMorgan U.S. Research Equity Plus Fund | CLASS C SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
    Management Fees rr_ManagementFeesOverAssets 1.00%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 1.74%
    Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 1.09%
    Other Expenses rr_OtherExpensesOverAssets 3.08%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.83%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.99%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 2.84% [2]
    1 Year rr_ExpenseExampleYear01 387
    3 Years rr_ExpenseExampleYear03 1,276
    5 Years rr_ExpenseExampleYear05 2,268
    10 Years rr_ExpenseExampleYear10 4,762
    1 Year rr_ExpenseExampleNoRedemptionYear01 287
    3 Years rr_ExpenseExampleNoRedemptionYear03 1,276
    5 Years rr_ExpenseExampleNoRedemptionYear05 2,268
    10 Years rr_ExpenseExampleNoRedemptionYear10 4,762
    Past 1 Year rr_AverageAnnualReturnYear01 (4.86%)
    Life of Fund rr_AverageAnnualReturnSinceInception 1.23%
    Inception Date rr_AverageAnnualReturnInceptionDate Apr. 03, 2010
    A, C, Select Shares | JPMorgan U.S. Research Equity Plus Fund | SELECT CLASS SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
    Management Fees rr_ManagementFeesOverAssets 1.00%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 1.74%
    Dividend Expenses on Short Sales rr_Component3OtherExpensesOverAssets 1.09%
    Other Expenses rr_OtherExpensesOverAssets 3.08%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.08%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.99%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 2.09% [2]
    1 Year rr_ExpenseExampleYear01 212
    3 Years rr_ExpenseExampleYear03 1,060
    5 Years rr_ExpenseExampleYear05 1,923
    10 Years rr_ExpenseExampleYear10 4,151
    1 Year rr_ExpenseExampleNoRedemptionYear01 212
    3 Years rr_ExpenseExampleNoRedemptionYear03 1,060
    5 Years rr_ExpenseExampleNoRedemptionYear05 1,923
    10 Years rr_ExpenseExampleNoRedemptionYear10 4,151
    2011 rr_AnnualReturn2011 (3.10%)
    Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
    Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
    Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 19.04%
    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2011
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 9.75%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (15.52%)
    Past 1 Year rr_AverageAnnualReturnYear01 (3.10%)
    Life of Fund rr_AverageAnnualReturnSinceInception 2.02%
    Inception Date rr_AverageAnnualReturnInceptionDate Apr. 03, 2010
    A, C, Select Shares | JPMorgan U.S. Research Equity Plus Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (3.43%)
    Life of Fund rr_AverageAnnualReturnSinceInception 1.74%
    Inception Date rr_AverageAnnualReturnInceptionDate Apr. 03, 2010
    A, C, Select Shares | JPMorgan U.S. Research Equity Plus Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (1.60%)
    Life of Fund rr_AverageAnnualReturnSinceInception 1.66%
    Inception Date rr_AverageAnnualReturnInceptionDate Apr. 03, 2010
    A, C, Select Shares | JPMorgan U.S. Research Equity Plus Fund | S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 2.11%
    Life of Fund rr_AverageAnnualReturnSinceInception 6.41%
    A, C, Select Shares | JPMorgan U.S. Research Equity Plus Fund | LIPPER EXTENDED U.S. LARGE-CAP CORE FUNDS AVERAGE (Reflects No Deduction for Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (2.58%)
    Life of Fund rr_AverageAnnualReturnSinceInception 2.45%
    [1] (under $1 million)
    [2] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    XML 66 R144.htm IDEA: XBRL DOCUMENT v2.4.0.6
    R5 Shares | JPMorgan Dynamic Growth Fund
    JPMorgan Dynamic Growth Fund
    What is the goal of the Fund?
    The Fund seeks long-term capital growth.
    Fees and Expenses of the Fund
    The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
    ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the value
    of your investment)
    Annual Fund Operating Expenses
    R5 Shares
    JPMorgan Dynamic Growth Fund
    Class R5
    Management Fees 0.60%
    Distribution (Rule 12b-1) Fees none
    Other Expenses 0.39%
    Shareholder Service Fees 0.05%
    Remainder of Other Expenses 0.34%
    Acquired Fund Fees and Expenses 0.01%
    Total Annual Fund Operating Expenses 1.00%
    Fee Waivers and Expense Reimbursements [1] (0.19%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 0.81%
    [1] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent total annual operating expenses of Class R5 Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.80% of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    Example
    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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
    COST WOULD BE:
    Expense Example (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    R5 Shares JPMorgan Dynamic Growth Fund CLASS R5 SHARES
    83 299 534 1,207
    WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
    COST WOULD BE:
    Expense Example, No Redemption (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    R5 Shares JPMorgan Dynamic Growth Fund CLASS R5 SHARES
    83 299 534 1,207
    Portfolio Turnover
    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 99% of the average value of its portfolio.
    What are the Fund’s main investment strategies?
    Under normal circumstances, the Fund invests in a focused portfolio of equity securities of large capitalization companies. Large cap companies are companies with market capitalizations equal to those within the universe of the Russell 1000® Growth Index at the time of purchase. Typically, the Fund invests in common stocks of companies with a history of above-average growth or companies expected to enter periods of above-average growth. Although the Fund will invest primarily in equity securities of U.S. companies, it may invest up to 20% of its total assets in foreign securities, including depositary receipts.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    The Fund is non-diversified.

    Investment Process: The Fund’s adviser will utilize a combination of qualitative analysis and quantitative metrics in order to seek to achieve target returns which are higher than the Fund’s benchmark while attempting to maintain a moderate risk profile. In managing the Fund, the adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. The adviser looks for companies with leading competitive positions, predictable and durable business models and management that can achieve sustained growth.

    The adviser may sell a security for several reasons. The adviser may sell a security due to a change in the company’s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be reasonably valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

    The Fund’s Main Investment Risks
    The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Growth Investing Risk. Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may trade at higher multiples of current earnings, compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Foreign Securities Risk. Investments in foreign issuers are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets.

    Non-Diversified Fund Risk. Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results among those issuing the securities.

    High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    The Fund’s Past Performance
    This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class R5 Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund. The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Subsequent to the inception of the Fund on 11/30/07 until 8/6/10, the Fund did not experience any shareholder purchase and sale activity. If such shareholder activity had occurred, the Fund’s performance may have been impacted. Unlike the other index, the Lipper index does include the expense of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
    YEAR-BY-YEAR RETURNS
    Bar Chart
    Best Quarter3rd quarter, 201015.82%
    Worst Quarter4th quarter, 2008–24.66%

    The Fund’s year-to-date total return through 9/30/12 was 20.63%.

    AVERAGE ANNUAL TOTAL RETURNS
    (For the period ended December 31, 2011)
    Average Annual Total Returns R5 Shares JPMorgan Dynamic Growth Fund
    Past 1 Year
    Life of Fund
    Inception Date
    CLASS R5 SHARES
    (4.52%) (1.06%) Nov. 30, 2007
    CLASS R5 SHARES Return After Taxes on Distributions
    (4.52%) (1.07%) Nov. 30, 2007
    CLASS R5 SHARES Return After Taxes on Distributions and Sale of Fund Shares
    (2.94%) (0.91%) Nov. 30, 2007
    RUSSELL 1000 GROWTH INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
    2.64% 0.20%  
    LIPPER LARGE-CAP GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
    (2.90%) (2.33%)  
    After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    XML 67 R150.htm IDEA: XBRL DOCUMENT v2.4.0.6
    Label Element Value
    Risk/Return: rr_RiskReturnAbstract  
    Registrant Name dei_EntityRegistrantName JPMorgan Trust I
    Prospectus Date rr_ProspectusDate Nov. 01, 2012
    R5 Shares | JPMorgan Dynamic Growth Fund
     
    Risk/Return: rr_RiskReturnAbstract  
    Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Dynamic Growth Fund
    Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks long-term capital growth.
    Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
    Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
    Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the value
    of your investment)
    Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 99% of the average value of its portfolio.
    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 99.00%
    Expense Example [Heading] rr_ExpenseExampleHeading Example
    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
    COST WOULD BE:
    Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
    COST WOULD BE:
    Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests in a focused portfolio of equity securities of large capitalization companies. Large cap companies are companies with market capitalizations equal to those within the universe of the Russell 1000® Growth Index at the time of purchase. Typically, the Fund invests in common stocks of companies with a history of above-average growth or companies expected to enter periods of above-average growth. Although the Fund will invest primarily in equity securities of U.S. companies, it may invest up to 20% of its total assets in foreign securities, including depositary receipts.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    The Fund is non-diversified.

    Investment Process: The Fund’s adviser will utilize a combination of qualitative analysis and quantitative metrics in order to seek to achieve target returns which are higher than the Fund’s benchmark while attempting to maintain a moderate risk profile. In managing the Fund, the adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. The adviser looks for companies with leading competitive positions, predictable and durable business models and management that can achieve sustained growth.

    The adviser may sell a security for several reasons. The adviser may sell a security due to a change in the company’s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be reasonably valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

    Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Growth Investing Risk. Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may trade at higher multiples of current earnings, compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Foreign Securities Risk. Investments in foreign issuers are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets.

    Non-Diversified Fund Risk. Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results among those issuing the securities.

    High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
    Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus Non-Diversified Fund Risk. Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results among those issuing the securities.
    Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class R5 Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund. The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Subsequent to the inception of the Fund on 11/30/07 until 8/6/10, the Fund did not experience any shareholder purchase and sale activity. If such shareholder activity had occurred, the Fund’s performance may have been impacted. Unlike the other index, the Lipper index does include the expense of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
    Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Class R5 Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund.
    Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
    Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
    Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
    Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
    Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
    Best Quarter3rd quarter, 201015.82%
    Worst Quarter4th quarter, 2008–24.66%

    The Fund’s year-to-date total return through 9/30/12 was 20.63%.

    Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
    (For the period ended December 31, 2011)
    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    R5 Shares | JPMorgan Dynamic Growth Fund | CLASS R5 SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Management Fees rr_ManagementFeesOverAssets 0.60%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.05%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.34%
    Other Expenses rr_OtherExpensesOverAssets 0.39%
    Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.00%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.19%) [1]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 0.81% [1]
    1 Year rr_ExpenseExampleYear01 83
    3 Years rr_ExpenseExampleYear03 299
    5 Years rr_ExpenseExampleYear05 534
    10 Years rr_ExpenseExampleYear10 1,207
    1 Year rr_ExpenseExampleNoRedemptionYear01 83
    3 Years rr_ExpenseExampleNoRedemptionYear03 299
    5 Years rr_ExpenseExampleNoRedemptionYear05 534
    10 Years rr_ExpenseExampleNoRedemptionYear10 1,207
    2008 rr_AnnualReturn2008 (42.04%)
    2009 rr_AnnualReturn2009 43.56%
    2010 rr_AnnualReturn2010 19.38%
    2011 rr_AnnualReturn2011 (4.52%)
    Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
    Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
    Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 20.63%
    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.82%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.66%)
    Past 1 Year rr_AverageAnnualReturnYear01 (4.52%)
    Life of Fund rr_AverageAnnualReturnSinceInception (1.06%)
    Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
    R5 Shares | JPMorgan Dynamic Growth Fund | Return After Taxes on Distributions | CLASS R5 SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (4.52%)
    Life of Fund rr_AverageAnnualReturnSinceInception (1.07%)
    Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
    R5 Shares | JPMorgan Dynamic Growth Fund | Return After Taxes on Distributions and Sale of Fund Shares | CLASS R5 SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (2.94%)
    Life of Fund rr_AverageAnnualReturnSinceInception (0.91%)
    Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
    R5 Shares | JPMorgan Dynamic Growth Fund | RUSSELL 1000 GROWTH INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 2.64%
    Life of Fund rr_AverageAnnualReturnSinceInception 0.20%
    R5 Shares | JPMorgan Dynamic Growth Fund | LIPPER LARGE-CAP GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (2.90%)
    Life of Fund rr_AverageAnnualReturnSinceInception (2.33%)
    [1] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent total annual operating expenses of Class R5 Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.80% of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    XML 68 R189.htm IDEA: XBRL DOCUMENT v2.4.0.6
    A, C, Select Shares | JPMorgan Quantitative Large Cap Plus Fund
    JPMorgan Quantitative Large Cap Plus Fund

    Class/Ticker: A/*; C/*; Select/JQGSX

    *The Share Classes do not have exchange ticker symbols because they currently are not offered to the general public.
    What is the goal of the Fund?
    The Fund seeks to provide total return.
    Fees and Expenses of the Fund
    The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 15 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    SHAREHOLDER FEES (Fees paid directly from your investment)
    Shareholder Fees A, C, Select Shares JPMorgan Quantitative Large Cap Plus Fund
    Class A
    Class C
    Select Class
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
    [1] (under $1 million)
    ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the value
    of your investment)
    Annual Fund Operating Expenses A, C, Select Shares JPMorgan Quantitative Large Cap Plus Fund
    Class A
    Class C
    Select Class
    Management Fees 0.75% 0.75% 0.75%
    Distribution (Rule 12b-1) fees 0.25% 0.75% none
    Other Expenses [1] 1.24% 1.24% 1.24%
    Dividend Expenses on Short Sales 0.68% 0.68% 0.68%
    Shareholder Service Fees 0.25% 0.25% 0.25%
    Remainder of Other Expenses 0.31% 0.31% 0.31%
    Total Annual Fund Operating Expenses 2.24% 2.74% 1.99%
    Fee Waivers and/or Expense Reimbursements [2] (0.61%) (0.61%) (0.51%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [2] 1.63% 2.13% 1.48%
    [1] "Other Expenses" are based on estimated amounts for the current fiscal year.
    [2] 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 Fund Operating Expenses (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.95%, 1.45%, and 0.80% of the average daily net assets of the Class A, Class C, and Select Class Shares, respectively. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    Example
    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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example A, C, Select Shares JPMorgan Quantitative Large Cap Plus Fund (USD $)
    1 Year
    3 Years
    CLASS A SHARES
    682 1,113
    CLASS C SHARES
    316 793
    SELECT CLASS SHARES
    151 575
    IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Expense Example, No Redemption A, C, Select Shares JPMorgan Quantitative Large Cap Plus Fund (USD $)
    1 Year
    3 Years
    CLASS A SHARES
    682 1,113
    CLASS C SHARES
    216 793
    SELECT CLASS SHARES
    151 575
    Portfolio Turnover
    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance.
    What are the Fund’s main investment strategies?
    The Fund will invest primarily in long and short positions of equity securities issued by large capitalization companies and intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value).

    Under normal circumstances, at least 80% of the value of the Fund’s Assets, which are expected to include both long and short positions, will consist of securities of publicly traded large capitalization securities. Large capitalization securities are those equity securities of companies with market capitalizations similar to those within the universe of the S&P 500 Index at the time of purchase. Equity securities in which the Fund invests significantly are common stocks of U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes.

    “Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. Selling stock short allows the Fund to more fully exploit insights in stocks that the adviser expects to underperform, as well as enabling the Fund to establish additional long positions while keeping the Fund’s net exposure to the market at a level similar to a traditional “long only” strategy. Short sales involve the sale of a security which the Fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

    The long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets. In rising markets, the Fund expects that the long positions will appreciate more rapidly than the short positions, and in declining markets, the Fund expects the value of the short positions will decline faster than the long positions. As a result, in declining markets, the Fund expects that it will be able to close out its short positions at a lower cost resulting in additional gain to the Fund.

    The Fund intends to invest in a variety of equity securities and, ordinarily, no single equity exposure is expected to make up more than 5% of the gross long exposure except that companies with large weights in the Fund’s benchmark may be held as overweights in the Fund, resulting in positions of greater than 5% in those securities.

    Investment Process: The adviser’s investment process is based upon a quantitative multi-factor model with a qualitative overlay. The adviser uses its quantitative multi-factor model to collect quantitative and fundamental investment data designed to evaluate the relative attractiveness of stocks. The quantitative multi-factor model puts an emphasis on valuation drivers and growth drivers. The valuation drivers include factors such as discounted cash flows and price-to-book values and the growth drivers include factors such as revisions of earning estimates and earnings growth rates. The adviser generally buys long positions in securities that are ranked favorably by its quantitative multi-factor model and sells short securities that are ranked unfavorably. The adviser generally sells long positions in securities that are no longer favorably ranked and covers short positions in securities that are no longer unfavorably ranked. The adviser may also buy, sell, sell short and cover short positions in securities that it views as similarly ranked.

    In constructing the Fund’s portfolio, the adviser employs a bottom up stock selection process in combination with its qualitative overlay to determine the weights of each model factor and the risk posture of the Fund. The adviser may invest across different industries and sectors targeting both value-and growth-oriented domestic companies. Viewed sector by sector, the Fund’s net weightings of equity securities will generally be similar to those of its benchmark index, the S&P 500 Index. The adviser uses its qualitative analysis to over and underweight sectors, industries and stocks versus the S&P 500 Index. Sector and industry positioning is used to enhance returns and for risk management.

    The Fund’s Main Investment Risks
    The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Strategy Risk. There is no guarantee that the use of long and short positions will succeed in limiting the Fund’s exposure to domestic stock market movements, capitalization, sector swings or other risk factors.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

    High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    The Fund’s Past Performance
    The Fund has not operated for a calendar year as of the date of this prospectus. Once the Fund has operated for at least one calendar year, a bar chart and performance table will be included in the prospectus to show the performance of the Fund. Although past performance of a Fund is no guarantee of how it will perform in the future, historical performance may give you some indication of the risks of investing in the Fund.
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    Label Element Value
    Risk/Return: rr_RiskReturnAbstract  
    Registrant Name dei_EntityRegistrantName JPMorgan Trust I
    Prospectus Date rr_ProspectusDate Nov. 01, 2012
    A, B, C, Select Shares | JPMorgan U.S. Equity Fund
     
    Risk/Return: rr_RiskReturnAbstract  
    Risk/Return [Heading] rr_RiskReturnHeading JPMorgan U.S. Equity Fund

    Class/Ticker: A/JUEAX; B/JUEBX; C/JUECX; Select/JUESX
    Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide high total return from a portfolio of selected equity securities.
    Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
    Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
    Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the value
    of your investment)
    Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 83% of the average value of its portfolio.
    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 83.00%
    Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
    Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
    Expense Example [Heading] rr_ExpenseExampleHeading Example
    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of U.S. companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. In implementing its strategy, the Fund primarily invests in common stocks of large- and medium-capitalization U.S. companies, but it may also invest up to 20% of its Assets in common stocks of foreign companies, including depositary receipts.

    Sector by sector, the Fund’s weightings are similar to those of the S&P 500 Index. Within each sector, the Fund focuses on those equity securities that it considers most undervalued and seeks to outperform the S&P 500 through superior stock selection. By emphasizing undervalued equity securities, the Fund seeks to produce returns that exceed those of the S&P 500 Index. At the same time, by controlling the sector weightings of the Fund so they can differ only moderately from the sector weightings of the S&P 500 Index, the Fund seeks to limit its volatility to that of the overall market, as represented by this index.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    Investment Process: In managing the Fund, the adviser employs a three-step process that combines research, valuation and stock selection. The adviser takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company’s real growth potential. The research findings allow the adviser to rank the companies in each sector group according to their relative value.

    On behalf of the Fund, the adviser then buys and sells equity securities, using the research and valuation rankings as a basis. In general, the adviser buys equity securities that are identified as undervalued and considers selling them when they appear to be overvalued. Along with attractive valuation, the adviser often considers a number of other criteria:

    • catalysts that could trigger a rise in a stock’s price
    • high potential reward compared to potential risk
    • temporary mispricings caused by apparent market overreactions.
    Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Mid Cap Company Risk. Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. The securities of mid cap companies may trade less frequently and in smaller volumes than securities of larger companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

    Strategy Risk. An undervalued stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company’s value or the factors that the adviser believes will cause the stock price to increase do not occur.

    Foreign Securities Risk. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment and less stringent investor protection and disclosure standards of foreign markets.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
    Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the S&P 500 Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
    Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years.
    Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the S&P 500 Index and the Lipper Large-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
    Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
    Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
    Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
    Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
    Best Quarter2nd quarter, 200318.00%
    Worst Quarter4th quarter, 2008–20.57%

    The Fund’s year-to-date total return through 9/30/12 was 16.55%.

    Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
    (For periods ended December 31, 2011)
    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Select Class Shares, and the after-tax return for the other class will vary.
    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    A, B, C, Select Shares | JPMorgan U.S. Equity Fund | CLASS A SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
    Management Fees rr_ManagementFeesOverAssets 0.40%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.18%
    Other Expenses rr_OtherExpensesOverAssets 0.43%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.08%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.11%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 0.97% [2]
    1 Year rr_ExpenseExampleYear01 619
    3 Years rr_ExpenseExampleYear03 840
    5 Years rr_ExpenseExampleYear05 1,079
    10 Years rr_ExpenseExampleYear10 1,764
    1 Year rr_ExpenseExampleNoRedemptionYear01 619
    3 Years rr_ExpenseExampleNoRedemptionYear03 840
    5 Years rr_ExpenseExampleNoRedemptionYear05 1,079
    10 Years rr_ExpenseExampleNoRedemptionYear10 1,764
    Past 1 Year rr_AverageAnnualReturnYear01 (6.98%)
    Past 5 Years rr_AverageAnnualReturnYear05 0.19%
    Past 10 Years rr_AverageAnnualReturnYear10 2.56%
    A, B, C, Select Shares | JPMorgan U.S. Equity Fund | CLASS B SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 5.00%
    Management Fees rr_ManagementFeesOverAssets 0.40%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.18%
    Other Expenses rr_OtherExpensesOverAssets 0.43%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.58%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.11%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.47% [2]
    1 Year rr_ExpenseExampleYear01 650
    3 Years rr_ExpenseExampleYear03 788
    5 Years rr_ExpenseExampleYear05 1,050
    10 Years rr_ExpenseExampleYear10 1,735
    1 Year rr_ExpenseExampleNoRedemptionYear01 150
    3 Years rr_ExpenseExampleNoRedemptionYear03 488
    5 Years rr_ExpenseExampleNoRedemptionYear05 850
    10 Years rr_ExpenseExampleNoRedemptionYear10 1,735
    Past 1 Year rr_AverageAnnualReturnYear01 (7.35%)
    Past 5 Years rr_AverageAnnualReturnYear05 0.35%
    Past 10 Years rr_AverageAnnualReturnYear10 2.64%
    A, B, C, Select Shares | JPMorgan U.S. Equity Fund | CLASS C SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
    Management Fees rr_ManagementFeesOverAssets 0.40%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.18%
    Other Expenses rr_OtherExpensesOverAssets 0.43%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.58%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.11%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.47% [2]
    1 Year rr_ExpenseExampleYear01 250
    3 Years rr_ExpenseExampleYear03 488
    5 Years rr_ExpenseExampleYear05 850
    10 Years rr_ExpenseExampleYear10 1,869
    1 Year rr_ExpenseExampleNoRedemptionYear01 150
    3 Years rr_ExpenseExampleNoRedemptionYear03 488
    5 Years rr_ExpenseExampleNoRedemptionYear05 850
    10 Years rr_ExpenseExampleNoRedemptionYear10 1,869
    Past 1 Year rr_AverageAnnualReturnYear01 (3.29%)
    Past 5 Years rr_AverageAnnualReturnYear05 0.75%
    Past 10 Years rr_AverageAnnualReturnYear10 2.52%
    A, B, C, Select Shares | JPMorgan U.S. Equity Fund | SELECT CLASS SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
    Management Fees rr_ManagementFeesOverAssets 0.40%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.18%
    Other Expenses rr_OtherExpensesOverAssets 0.43%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.83%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.04%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 0.79% [2]
    1 Year rr_ExpenseExampleYear01 81
    3 Years rr_ExpenseExampleYear03 261
    5 Years rr_ExpenseExampleYear05 457
    10 Years rr_ExpenseExampleYear10 1,022
    1 Year rr_ExpenseExampleNoRedemptionYear01 81
    3 Years rr_ExpenseExampleNoRedemptionYear03 261
    5 Years rr_ExpenseExampleNoRedemptionYear05 457
    10 Years rr_ExpenseExampleNoRedemptionYear10 1,022
    2002 rr_AnnualReturn2002 (26.62%)
    2003 rr_AnnualReturn2003 32.42%
    2004 rr_AnnualReturn2004 10.80%
    2005 rr_AnnualReturn2005 2.45%
    2006 rr_AnnualReturn2006 17.14%
    2007 rr_AnnualReturn2007 10.29%
    2008 rr_AnnualReturn2008 (34.64%)
    2009 rr_AnnualReturn2009 32.94%
    2010 rr_AnnualReturn2010 14.24%
    2011 rr_AnnualReturn2011 (1.56%)
    Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
    Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
    Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 16.55%
    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2003
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.00%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (20.57%)
    Past 1 Year rr_AverageAnnualReturnYear01 (1.56%)
    Past 5 Years rr_AverageAnnualReturnYear05 1.51%
    Past 10 Years rr_AverageAnnualReturnYear10 3.37%
    A, B, C, Select Shares | JPMorgan U.S. Equity Fund | Return After Taxes on Distributions | SELECT CLASS SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (1.82%)
    Past 5 Years rr_AverageAnnualReturnYear05 0.67%
    Past 10 Years rr_AverageAnnualReturnYear10 2.60%
    A, B, C, Select Shares | JPMorgan U.S. Equity Fund | Return After Taxes on Distributions and Sale of Fund Shares | SELECT CLASS SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (0.66%)
    Past 5 Years rr_AverageAnnualReturnYear05 1.04%
    Past 10 Years rr_AverageAnnualReturnYear10 2.69%
    A, B, C, Select Shares | JPMorgan U.S. Equity Fund | S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 2.11%
    Past 5 Years rr_AverageAnnualReturnYear05 (0.25%)
    Past 10 Years rr_AverageAnnualReturnYear10 2.92%
    A, B, C, Select Shares | JPMorgan U.S. Equity Fund | LIPPER LARGE-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 0.09%
    Past 5 Years rr_AverageAnnualReturnYear05 (0.60%)
    Past 10 Years rr_AverageAnnualReturnYear10 2.16%
    [1] (under $1 million)
    [2] 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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.97%, 1.47%, 1.47% and 0.79%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    XML 71 R120.htm IDEA: XBRL DOCUMENT v2.4.0.6
    A, B, C, Select Shares | JPMorgan Small Cap Equity Fund
    JPMorgan Small Cap Equity Fund

    Class/Ticker:
    A/VSEAX; B/VSEBX; C/JSECX; Select/VSEIX

    Currently, the Fund is publicly offered on a limited basis. (See “Purchasing Fund Shares — What does it mean that the Small Cap Equity Fund is publicly offered on a limited basis?” in the prospectus for more information.)
    What is the goal of the Fund?
    The Fund seeks capital growth over the long term.
    Fees and Expenses of the Fund
    The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    SHAREHOLDER FEES (Fees paid directly from your investment)
    Shareholder Fees A, B, C, Select Shares JPMorgan Small Cap Equity Fund
    Class A
    Class B
    Class C
    Select Class
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 5.00% 1.00% none
    [1] (under $1 million)
    ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the
    value of your investment)
    Annual Fund Operating Expenses A, B, C, Select Shares JPMorgan Small Cap Equity Fund
    Class A
    Class B
    Class C
    Select Class
    Management Fees 0.65% 0.65% 0.65% 0.65%
    Distribution (Rule 12b-1) Fees 0.25% 0.75% 0.75% none
    Other Expenses 0.51% 0.51% 0.51% 0.51%
    Shareholder Service Fees 0.25% 0.25% 0.25% 0.25%
    Remainder of Other Expenses 0.26% 0.26% 0.26% 0.26%
    Acquired Fund Fees and Expenses 0.01% 0.01% 0.01% 0.01%
    Total Annual Fund Operating Expenses 1.42% 1.92% 1.92% 1.17%
    Fee Waivers and Expense Reimbursements [1] (0.11%) (0.11%) (0.11%) (0.16%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.31% 1.81% 1.81% 1.01%
    [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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceeds 1.30%, 1.80%, 1.80%, and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    Example
    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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example A, B, C, Select Shares JPMorgan Small Cap Equity Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    651 941 1,251 2,129
    CLASS B SHARES
    684 892 1,227 2,105
    CLASS C SHARES
    284 592 1,027 2,234
    SELECT CLASS SHARES
    103 356 628 1,406
    IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Expense Example, No Redemption A, B, C, Select Shares JPMorgan Small Cap Equity Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    651 941 1,251 2,129
    CLASS B SHARES
    184 592 1,027 2,105
    CLASS C SHARES
    184 592 1,027 2,234
    SELECT CLASS SHARES
    103 356 628 1,406
    Portfolio Turnover
    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 27% of the average value of its portfolio.
    What are the Fund’s main investment strategies?
    Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations equal to those within the universe of the Russell 2000® Index stocks at the time of purchase. As of the last reconstitution of the Russell 2000 Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. In implementing its main strategies, the Fund invests primarily in common stocks.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    Investment Process: In managing the Fund, the adviser employs a fundamental bottom-up investment process. The adviser seeks to invest in companies with leading competitive advantages, predictable and durable business models and sustainable free cash flow generation with management committed to increasing intrinsic value.

    The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

    The Fund’s Main Investment Risks
    The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Small Cap Company Risk. Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    The Fund’s Past Performance
    This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell 2000® Index and the Lipper Small-Cap Core Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class C Shares prior to their inception on 2/19/05 is based on the performance of Class B Shares of the Fund, whose expenses are substantially similar to those of Class C Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.

    The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.
    YEAR-BY-YEAR RETURNS
    Bar Chart
    Best Quarter2nd quarter, 200917.65%
    Worst Quarter4th quarter, 2008–18.88%

    The Fund’s year-to-date total return through 9/30/12 was 15.44%.

    AVERAGE ANNUAL TOTAL RETURNS
    (For periods ended December 31, 2011)
    Average Annual Total Returns A, B, C, Select Shares JPMorgan Small Cap Equity Fund
    Past 1 Year
    Past 5 Years
    Past 10 Years
    CLASS A SHARES
    (2.77%) 3.98% 8.68%
    CLASS A SHARES Return After Taxes on Distributions
    (3.95%) 3.32% 7.79%
    CLASS A SHARES Return After Taxes on Distributions and Sale of Fund Shares
    (1.14%) 3.18% 7.38%
    CLASS B SHARES
    (2.90%) 4.24% 8.76%
    CLASS C SHARES
    1.11% 4.58% 8.64%
    SELECT CLASS SHARES
    2.92% 5.42% 9.70%
    RUSSELL 2000 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
    (4.18%) 0.15% 5.62%
    LIPPER SMALL-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
    (3.81%) 1.32% 5.81%
    After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    XML 72 R143.htm IDEA: XBRL DOCUMENT v2.4.0.6
    Label Element Value
    Risk/Return: rr_RiskReturnAbstract  
    Registrant Name dei_EntityRegistrantName JPMorgan Trust I
    Prospectus Date rr_ProspectusDate Nov. 01, 2012
    A, C, Select Shares | JPMorgan Value Advantage Fund
     
    Risk/Return: rr_RiskReturnAbstract  
    Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Value Advantage Fund

    Class/Ticker: A/JVAAX; C/JVACX; Select/JVASX
    Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide long-term total return from a combination of income and capital gains.
    Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
    Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
    Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the value
    of your investment)
    Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 49% of the average value of its portfolio.
    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 49.00%
    Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
    Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
    Expense Example [Heading] rr_ExpenseExampleHeading Example
    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund will invest primarily in equity securities across all market capitalizations. The Fund may at any given time invest a significant portion of its assets in companies of one particular market capitalization category, such as large-capitalization companies. Equity securities in which the Fund primarily invests include common stocks and real estate investment trusts (REITs).

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    Investment Process: In managing the Fund, the adviser employs a bottom-up approach to stock selection, constructing portfolios based on company fundamentals and proprietary fundamental analysis. The adviser’s aim is to identify undervalued companies that have the potential to grow their intrinsic values per share, and to purchase these companies at a discount.

    The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

    Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Smaller Cap Company Risk. Because the Fund may invest in equity investments of companies across all market capitalizations, the Fund’s risks increase as it invests more heavily in smaller companies (mid cap and small cap companies). Smaller companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

    Value Investing Risk. A value stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company’s value or the factors that the adviser believes will cause the stock price to increase do not occur.

    Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
    Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past six calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund. The table compares that performance to the Russell 3000® Value Index and the Lipper Multi-Cap Value Funds Index, an index based on the total return of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.

    The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.

    Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past six calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund.
    Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 3000® Value Index and the Lipper Multi-Cap Value Funds Index, an index based on the total return of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
    Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
    Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
    Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
    Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
    Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
    Best Quarter3rd quarter, 200922.40%
    Worst Quarter4th quarter, 2008–23.77%

    The Fund’s year-to-date total return through 9/30/12 was 16.55%.

    Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
    (For periods ended December 31, 2011)
    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary.
    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    A, C, Select Shares | JPMorgan Value Advantage Fund | CLASS A SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
    Management Fees rr_ManagementFeesOverAssets 0.65%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.26%
    Other Expenses rr_OtherExpensesOverAssets 0.51%
    Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.43%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.16%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.27% [2]
    1 Year rr_ExpenseExampleYear01 648
    3 Years rr_ExpenseExampleYear03 939
    5 Years rr_ExpenseExampleYear05 1,251
    10 Years rr_ExpenseExampleYear10 2,135
    1 Year rr_ExpenseExampleNoRedemptionYear01 648
    3 Years rr_ExpenseExampleNoRedemptionYear03 939
    5 Years rr_ExpenseExampleNoRedemptionYear05 1,251
    10 Years rr_ExpenseExampleNoRedemptionYear10 2,135
    2006 rr_AnnualReturn2006 22.01%
    2007 rr_AnnualReturn2007 2.91%
    2008 rr_AnnualReturn2008 (35.78%)
    2009 rr_AnnualReturn2009 35.07%
    2010 rr_AnnualReturn2010 20.22%
    2011 rr_AnnualReturn2011 1.11%
    Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
    Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
    Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 16.55%
    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 22.40%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (23.77%)
    Past 1 Year rr_AverageAnnualReturnYear01 (4.21%)
    Past 5 Years rr_AverageAnnualReturnYear05 0.56%
    Life of Fund rr_AverageAnnualReturnSinceInception 4.46%
    Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2005
    A, C, Select Shares | JPMorgan Value Advantage Fund | CLASS C SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
    Management Fees rr_ManagementFeesOverAssets 0.65%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.26%
    Other Expenses rr_OtherExpensesOverAssets 0.51%
    Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.93%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.16%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.77% [2]
    1 Year rr_ExpenseExampleYear01 280
    3 Years rr_ExpenseExampleYear03 591
    5 Years rr_ExpenseExampleYear05 1,027
    10 Years rr_ExpenseExampleYear10 2,241
    1 Year rr_ExpenseExampleNoRedemptionYear01 180
    3 Years rr_ExpenseExampleNoRedemptionYear03 591
    5 Years rr_ExpenseExampleNoRedemptionYear05 1,027
    10 Years rr_ExpenseExampleNoRedemptionYear10 2,241
    Past 1 Year rr_AverageAnnualReturnYear01 (0.39%)
    Past 5 Years rr_AverageAnnualReturnYear05 1.14%
    Life of Fund rr_AverageAnnualReturnSinceInception 4.77%
    Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2005
    A, C, Select Shares | JPMorgan Value Advantage Fund | SELECT CLASS SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
    Management Fees rr_ManagementFeesOverAssets 0.65%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.26%
    Other Expenses rr_OtherExpensesOverAssets 0.51%
    Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.18%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.16%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.02% [2]
    1 Year rr_ExpenseExampleYear01 104
    3 Years rr_ExpenseExampleYear03 359
    5 Years rr_ExpenseExampleYear05 634
    10 Years rr_ExpenseExampleYear10 1,418
    1 Year rr_ExpenseExampleNoRedemptionYear01 104
    3 Years rr_ExpenseExampleNoRedemptionYear03 359
    5 Years rr_ExpenseExampleNoRedemptionYear05 634
    10 Years rr_ExpenseExampleNoRedemptionYear10 1,418
    Past 1 Year rr_AverageAnnualReturnYear01 1.37%
    Past 5 Years rr_AverageAnnualReturnYear05 1.91%
    Life of Fund rr_AverageAnnualReturnSinceInception 5.56%
    Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2005
    A, C, Select Shares | JPMorgan Value Advantage Fund | Return After Taxes on Distributions | CLASS A SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (4.37%)
    Past 5 Years rr_AverageAnnualReturnYear05 0.03%
    Life of Fund rr_AverageAnnualReturnSinceInception 3.93%
    Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2005
    A, C, Select Shares | JPMorgan Value Advantage Fund | Return After Taxes on Distributions and Sale of Fund Shares | CLASS A SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (2.53%)
    Past 5 Years rr_AverageAnnualReturnYear05 0.28%
    Life of Fund rr_AverageAnnualReturnSinceInception 3.64%
    Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2005
    A, C, Select Shares | JPMorgan Value Advantage Fund | RUSSELL 3000 VALUE INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (0.10%)
    Past 5 Years rr_AverageAnnualReturnYear05 (2.58%)
    Life of Fund rr_AverageAnnualReturnSinceInception 1.85%
    A, C, Select Shares | JPMorgan Value Advantage Fund | LIPPER MULTI-CAP VALUE FUNDS INDEX (Reflects No Deduction for Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (4.12%)
    Past 5 Years rr_AverageAnnualReturnYear05 (3.02%)
    Life of Fund rr_AverageAnnualReturnSinceInception 0.91%
    [1] (under $1 million)
    [2] 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 1.00%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    XML 73 R49.htm IDEA: XBRL DOCUMENT v2.4.0.6
    A, C, Select Shares | JPMorgan U.S. Dynamic Plus Fund
    JPMorgan U.S. Dynamic Plus Fund

    Class/Ticker: A/JPSAX; C/JPSCX; Select/JILSX
    What is the goal of the Fund?
    The Fund seeks to provide long-term capital appreciation.
    Fees and Expenses of the Fund
    The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    SHAREHOLDER FEES (Fees paid directly from your investment)
    Shareholder Fees A, C, Select Shares JPMorgan U.S. Dynamic Plus Fund
    Class A
    Class C
    Select Class
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
    [1] (under $1 million)
    ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the
    value of your investment)
    Annual Fund Operating Expenses A, C, Select Shares JPMorgan U.S. Dynamic Plus Fund
    Class A
    Class C
    Select Class
    Management Fees 1.25% 1.25% 1.25%
    Distribution (Rule 12b-1) Fees 0.25% 0.75% none
    Other Expenses 1.04% 1.04% 1.03%
    Dividend Expenses on Short Sales 0.51% 0.51% 0.51%
    Shareholder Service Fees 0.25% 0.25% 0.25%
    Remainder of Other Expenses 0.28% 0.28% 0.27%
    Acquired Fund Fees and Expenses 0.10% 0.10% 0.10%
    Total Annual Fund Operating Expenses 2.64% 3.14% 2.38%
    Fee Waivers and Expense Reimbursements [1] (0.73%) (0.73%) (0.72%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.91% 2.41% 1.66%
    [1] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, Dividend Expenses on Short Sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.30%, 1.80% and 1.05%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    Example
    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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example A, C, Select Shares JPMorgan U.S. Dynamic Plus Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    709 1,237 1,790 3,291
    CLASS C SHARES
    344 900 1,581 3,398
    SELECT CLASS SHARES
    169 674 1,205 2,661
    IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Expense Example, No Redemption A, C, Select Shares JPMorgan U.S. Dynamic Plus Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    709 1,237 1,790 3,291
    CLASS C SHARES
    244 900 1,581 3,398
    SELECT CLASS SHARES
    169 674 1,205 2,661
    Portfolio Turnover
    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate (including short sales) was 583% of the average value of its portfolio.
    What are the Fund’s main investment strategies?
    Under normal circumstances, the Fund will invest at least 80% of its Assets in long and short positions with respect to equity securities of U.S. companies. These equity securities will primarily be common stocks. “Assets” means net assets, plus the amount of borrowings for investment purposes.

    “Plus” in the Fund’s name refers to the additional return the Fund endeavors to add both relative to the S&P 500 Index as well as relative to traditional strategies which do not have the ability to sell stock short. At the same time, by controlling factor or risk exposures through portfolio construction, the Fund seeks to limit its volatility to that of the overall market, as represented by the S&P 500 Index. Short sales involve the sale of a security which the fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the Fund must borrow the security, and the fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund.

    The Fund intends to maintain an approximate net 100% long exposure to the equity market (long market value minus short market value). However the long and short positions held by the Fund will vary in size as market opportunities change. The Fund’s long positions and their equivalents will range between 90% and 150% of the value of the Fund’s net assets. The Fund’s short positions will range between 0% and 50% of the value of the Fund’s net assets.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.

    The investment process identifies securities that have been mispriced by behavioral biases. Stocks are ranked based on their value, momentum or quality characteristics. In general, stocks are purchased when they are among the top ranked within their sector and are sold if the adviser determines that the issuer no longer meets the Fund’s investment criteria or if the adviser believes that more attractive opportunities are available. The adviser considers selling short or initiating underweight positions in the lowest ranked securities. Risk or factor exposures are actively managed through portfolio construction. Portfolio constraints control for sector weights, position sizes and style and size characteristics of the Fund.

    The Fund’s Main Investment Risks
    The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Short Selling Risk. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, and the Fund may have to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The Fund’s losses are potentially unlimited in a short sale transaction. Short sales are speculative transactions and involve special risks, including greater reliance on the adviser’s ability to accurately anticipate the future value of a security. Furthermore, taking short positions in securities results in a form of leverage which may cause the Fund to be more volatile.

    Mid Cap Company Risk. Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    The Fund’s Past Performance
    This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past five calendar years. The table shows the average annual total returns for the past one year, five years and the life of the Fund. The table compares that performance to the Standard & Poor’s 500 Composite Stock Price Index (“S&P 500 Index”) and the Lipper Extended U.S. Large-Cap Core Funds Average, an average based on the total return of all funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
    YEAR-BY-YEAR RETURNS
    Bar Chart
    Best Quarter3rd quarter, 200918.11%
    Worst Quarter4th quarter, 2008–21.26%

    The Fund’s year-to-date total return through 9/30/12 was 15.98%.

    AVERAGE ANNUAL TOTAL RETURNS
    (For the period ended December 31, 2011)
    Average Annual Total Returns A, C, Select Shares JPMorgan U.S. Dynamic Plus Fund
    Past 1 Year
    Past 5 Years
    Life of Fund
    Inception Date
    SELECT CLASS SHARES
    (0.02%) (2.47%) (0.50%) Jan. 31, 2006
    SELECT CLASS SHARES Return After Taxes on Distributions
    (3.81%) (3.26%) (1.19%) Jan. 31, 2006
    SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
    0.94% (2.42%) (0.73%) Jan. 31, 2006
    CLASS A SHARES
    (5.51%) (3.76%) (1.66%) Jan. 31, 2006
    CLASS C SHARES
    (1.71%) (3.18%) (1.24%) Jan. 31, 2006
    S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
    2.11% (0.25%) 2.26%  
    LIPPER EXTENDED U.S. LARGE-CAP CORE FUNDS AVERAGE (Reflects No Deduction for Taxes)
    (2.58%) (1.54%) 1.51%  
    After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    XML 74 R105.htm IDEA: XBRL DOCUMENT v2.4.0.6
    A, C, Select Shares | JPMorgan Mid Cap Equity Fund
    JPMorgan Mid Cap Equity Fund

    Class/Ticker: A/JCMAX; C/JMCCX; Select/VSNGX
    What is the goal of the Fund?
    The Fund’s objective is long-term capital growth.
    Fees and Expenses of the Fund
    The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    SHAREHOLDER FEES (Fees paid directly from your investment)
    Shareholder Fees A, C, Select Shares JPMorgan Mid Cap Equity Fund
    Class A
    Class C
    Select Class
    Maximum Sales Charge (Load) Imposed on Purchases as a % of the Offering Price 5.25% none none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
    [1] (under $1 million)
    ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the value
    of your investment)
    Annual Fund Operating Expenses A, C, Select Shares JPMorgan Mid Cap Equity Fund
    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 0.64% 0.63% 0.65%
    Shareholder Service Fees 0.25% 0.25% 0.25%
    Remainder of Other Expenses 0.39% 0.38% 0.40%
    Acquired Fund Fees and Expenses 0.01% 0.01% 0.01%
    Total Annual Fund Operating Expenses 1.55% 2.04% 1.31%
    Fee Waivers and Expense Reimbursements [1] (0.29%) (0.28%) (0.40%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25%, 1.75% and 0.90%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    Example
    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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example A, C, Select Shares JPMorgan Mid Cap Equity Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    647 962 1,299 2,250
    CLASS C SHARES
    279 613 1,072 2,347
    SELECT CLASS SHARES
    93 376 680 1,544
    IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Expense Example, No Redemption A, C, Select Shares JPMorgan Mid Cap Equity Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    647 962 1,299 2,250
    CLASS C SHARES
    179 613 1,072 2,347
    SELECT CLASS SHARES
    93 376 680 1,544
    Portfolio Turnover
    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 55% of the average value of its portfolio.
    What are the Fund’s main investment strategies?
    Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of mid cap companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Mid cap companies are companies with market capitalizations equal to those within the universe of the Russell Midcap® Index securities at the time of purchase. As of the last reconstitution of the Russell Midcap Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $1.4 billion to $17.4 billion. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs).

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    Investment Process: In managing the Fund, the adviser employs a bottom-up approach to stock selection, constructing portfolios based on company fundamentals, quantitative screening and proprietary fundamental analysis. The Fund focuses on mid-sized companies with increasing market share, strong earnings prospects and sustainable free cash flows as compared to their competitors. The Fund also looks for dominant franchises with predictable business models deemed capable of achieving sustained growth and undervalued companies with the potential to grow their intrinsic value per share.

    The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

    The Fund’s Main Investment Risks
    The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Mid Cap Company Risk. Investments in mid cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    The Fund’s Past Performance
    This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell Midcap® Index and the Lipper Mid-Cap Core Funds Index, an index based on the total returns of certain mutual funds within mid cap funds category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares is based on the performance of the Select Class Shares prior to their inception on 11/2/09. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
    YEAR-BY-YEAR RETURNS
    Bar Chart
    Best Quarter3rd quarter, 200917.24%
    Worst Quarter4th quarter, 2008–24.38%

    The Fund’s year-to-date total return through 9/30/12 was 15.96%.

    AVERAGE ANNUAL TOTAL RETURNS
    (For periods ended December 31, 2011)
    Average Annual Total Returns A, C, Select Shares JPMorgan Mid Cap Equity Fund
    Past 1 Year
    Past 5 Years
    Past 10 Years
    SELECT CLASS SHARES
    (1.80%) 1.99% 6.57%
    SELECT CLASS SHARES Return After Taxes on Distributions
    (1.88%) 1.02% 5.32%
    SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
    (1.06%) 1.47% 5.37%
    CLASS A SHARES
    (7.27%) 0.75% 5.92%
    CLASS C SHARES
    (3.62%) 1.62% 6.38%
    RUSSELL MIDCAP INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
    (1.55%) 1.41% 6.99%
    LIPPER MID-CAP CORE FUNDS INDEX (Reflects No Deduction for Taxes)
    (5.65%) 1.28% 5.60%
    After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    XML 75 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
    A, C, Select Shares | JPMorgan Intrepid Value Fund
    JPMorgan Intrepid Value Fund

    Class/Ticker: A/JIVAX; C/JIVCX; Select/JPIVX
    What is the goal of the Fund?
    The Fund seeks to provide long-term capital appreciation.
    Fees and Expenses of the Fund
    The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    SHAREHOLDER FEES (Fees paid directly from your Investment)
    Shareholder Fees A, C, Select Shares JPMorgan Intrepid Value Fund
    Class A
    Class C
    Select Class
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 5.25% none none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 1.00% none
    [1] (under $1 million)
    ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the
    value of your investment)
    Annual Fund Operating Expenses A, C, Select Shares JPMorgan Intrepid Value Fund
    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 0.57% 0.56% 0.57%
    Shareholder Service Fees 0.25% 0.25% 0.25%
    Remainder of Other Expenses 0.32% 0.31% 0.32%
    Acquired Fund Fees and Expenses 0.01% 0.01% 0.01%
    Total Annual Fund Operating Expenses 1.48% 1.97% 1.23%
    Fee Waivers and Expense Reimbursements [1] (0.52%) (0.51%) (0.42%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 0.96% 1.46% 0.81%
    [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 Fund Operating Expenses of Class A, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 0.95%, 1.45% and 0.80%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    Example
    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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example A, C, Select Shares JPMorgan Intrepid Value Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    618 920 1,244 2,158
    CLASS C SHARES
    249 569 1,015 2,255
    SELECT CLASS SHARES
    83 349 635 1,452
    IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Expense Example, No Redemption A, C, Select Shares JPMorgan Intrepid Value Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    618 920 1,244 2,158
    CLASS C SHARES
    149 569 1,015 2,255
    SELECT CLASS SHARES
    83 349 635 1,452
    Portfolio Turnover
    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 82% of the average value of its portfolio.
    What are the Fund’s main investment strategies?
    Under normal circumstances, the Fund invests at least 80% of its Assets in equity investments of large and mid capitalization companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. The Fund generally defines large capitalization companies as those with a market capitalization over $10 billion at the time of purchase, and mid capitalization companies as those with market capitalization between $1 billion and $10 billion, at the time of purchase.

    In implementing its main strategies, the Fund invests primarily in a broad portfolio of common stocks of companies within the Russell 1000 Value Index that the adviser believes have characteristics such as attractive valuations, high quality and/or strong momentum that should lead to relative out performance. In identifying high quality securities, the adviser looks for profitable companies with sustainable earnings and disciplined management. In identifying securities that have strong momentum, the adviser looks for securities which have prices and/or earnings that have been increasing and that the adviser believes will continue to increase.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    Investment Process: The Fund has an actively managed strategy that employs an investment process based on behavioral finance principles. Behavioral finance theorizes that investors behave irrationally in systematic and predictable ways because human psychology affects investment decision-making. This investor behavior results in market inefficiencies that persist over time. The Fund seeks to capitalize on these market anomalies through a disciplined and dispassionate investment process.

    The Fund will sell a stock if the adviser determines that the issuer no longer meets the Fund’s investment criteria or if the adviser believes that more attractive opportunities are available.

    The Fund’s Main Investment Risks
    The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Value Investing Risk. A value stock may decrease in price or may not increase in price as anticipated by the adviser if other investors fail to recognize the company’s value or the factors that the adviser believes will cause the stock price to increase do not occur.

    Mid Cap Company Risk. Because the Fund may invest in large- and mid-capitalization companies, the Fund’s risks increase as it invests more heavily in mid-capitalization companies. Investments in mid cap companies may be riskier than investments in larger, more established companies. Mid cap companies may be more volatile and more vulnerable to economic, market and industry changes. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    The Fund’s Past Performance
    This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past eight calendar years. The table shows the average annual total returns for the past one year, five years and life of the Fund. The table compares that performance to the Russell 1000® Value Index and the Lipper Large-Cap Value Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The performance of the Class A and Class C Shares in the table is based on the performance of the Select Class Shares prior to their inception. The actual returns of the Class A and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
    YEAR-BY-YEAR RETURNS
    Bar Chart
    Best Quarter3rd quarter, 200918.43%
    Worst Quarter4th quarter, 2008–22.75%

    The Fund’s year-to-date total return through 9/30/12 was 16.14%.

    AVERAGE ANNUAL TOTAL RETURNS
    (For the period ended December 31, 2011)
    Average Annual Total Returns A, C, Select Shares JPMorgan Intrepid Value Fund
    Past 1 Year
    Past 5 Years
    Life of Fund
    Inception Date
    SELECT CLASS SHARES
    (0.99%) (2.37%) 7.99% Feb. 28, 2003
    SELECT CLASS SHARES Return After Taxes on Distributions
    (1.25%) (2.64%) 7.29% Feb. 28, 2003
    SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
    (0.30%) (2.02%) 6.79% Feb. 28, 2003
    CLASS A SHARES
    (6.36%) (3.64%) 7.14% Feb. 28, 2003
    CLASS C SHARES
    (2.69%) (3.08%) 7.37% Feb. 28, 2003
    RUSSELL 1000 VALUE INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
    0.39% (2.64%) 7.06%  
    LIPPER LARGE-CAP VALUE FUNDS INDEX (Reflects No Deduction for Taxes)
    (2.17%) (2.26%) 6.11%  
    After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
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    Label Element Value
    Risk/Return: rr_RiskReturnAbstract  
    Registrant Name dei_EntityRegistrantName JPMorgan Trust I
    Prospectus Date rr_ProspectusDate Nov. 01, 2012
    A, B, C, Select Shares | JPMorgan Dynamic Small Cap Growth Fund
     
    Risk/Return: rr_RiskReturnAbstract  
    Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Dynamic Small Cap Growth Fund

    Class/Ticker:
    A/VSCOX; B/VSCBX; C/VSCCX; Select/JDSCX

    Currently, the Fund is publicly offered on a limited basis. (See “Purchasing Fund Shares — What does it mean that the Dynamic Small Cap Growth Fund and the Small Cap Growth Fund are publicly offered on a limited basis?” in the prospectus for more information.)
    Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks capital growth over the long term.
    Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
    Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 79 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
    Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the
    value of your investment)
    Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 63% of the average value of its portfolio.
    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 63.00%
    Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
    Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
    Expense Example [Heading] rr_ExpenseExampleHeading Example
    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests at least 80% of its Assets in equity securities of small cap companies. “Assets” means net assets, plus the amount of borrowings for investment purposes. Small cap companies are companies with market capitalizations equal to those within the universe of the Russell 2000® Growth Index and/or with market capitalizations of less than $3.5 billion at the time of purchase. As of the date of the last reconstitution of the Russell 2000 Growth Index on June 22, 2012, the market capitalizations of the companies in the index ranged from $101 million to $2.6 billion. In implementing its main strategies, the Fund invests primarily in common stocks.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    Investment Process: In managing the Fund, the Fund’s adviser seeks to outperform the Fund’s benchmark while maintaining a moderate risk profile. The adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. Growth companies purchased for the Fund include those with leading competitive positions, predictable and durable business models and management that can achieve sustained growth.

    The adviser may sell a security for several reasons. A security may be sold due to a change in the company’s fundamentals or if the adviser believes the security is no longer attractively valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

    Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Small Cap Company Risk. Investments in small cap companies may be riskier, more volatile and more vulnerable to economic, market and industry changes than investments in larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

    Growth Investing Risk. Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may trade at higher multiples of current earnings compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
    Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years. The table compares that performance to the Russell 2000® Growth Index and Lipper Small-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.

    The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.
    Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns over the past one year, five years and ten years.
    Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 2000® Growth Index and Lipper Small-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
    Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
    Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
    Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
    Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
    Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance figures would have been lower.
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
    Best Quarter4th quarter, 201018.90%
    Worst Quarter4th quarter, 2008–26.98%

    The Fund’s year-to-date total return through 9/30/12 was 13.69%.

    Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
    (For periods ended December 31, 2011)
    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary.
    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Class A Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    A, B, C, Select Shares | JPMorgan Dynamic Small Cap Growth Fund | CLASS A SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
    Management Fees rr_ManagementFeesOverAssets 0.65%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.33%
    Other Expenses rr_OtherExpensesOverAssets 0.58%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.48%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.48% [2]
    1 Year rr_ExpenseExampleYear01 668
    3 Years rr_ExpenseExampleYear03 968
    5 Years rr_ExpenseExampleYear05 1,291
    10 Years rr_ExpenseExampleYear10 2,201
    1 Year rr_ExpenseExampleNoRedemptionYear01 668
    3 Years rr_ExpenseExampleNoRedemptionYear03 968
    5 Years rr_ExpenseExampleNoRedemptionYear05 1,291
    10 Years rr_ExpenseExampleNoRedemptionYear10 2,201
    2002 rr_AnnualReturn2002 (22.77%)
    2003 rr_AnnualReturn2003 38.47%
    2004 rr_AnnualReturn2004 9.82%
    2005 rr_AnnualReturn2005 5.29%
    2006 rr_AnnualReturn2006 15.16%
    2007 rr_AnnualReturn2007 13.22%
    2008 rr_AnnualReturn2008 (43.71%)
    2009 rr_AnnualReturn2009 27.37%
    2010 rr_AnnualReturn2010 33.38%
    2011 rr_AnnualReturn2011 (3.87%)
    Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
    Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
    Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 13.69%
    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2010
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.90%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (26.98%)
    Past 1 Year rr_AverageAnnualReturnYear01 (8.91%)
    Past 5 Years rr_AverageAnnualReturnYear05 (0.28%)
    Past 10 Years rr_AverageAnnualReturnYear10 3.45%
    A, B, C, Select Shares | JPMorgan Dynamic Small Cap Growth Fund | CLASS B SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 5.00%
    Management Fees rr_ManagementFeesOverAssets 0.65%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.33%
    Other Expenses rr_OtherExpensesOverAssets 0.58%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.98%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.98% [2]
    1 Year rr_ExpenseExampleYear01 701
    3 Years rr_ExpenseExampleYear03 921
    5 Years rr_ExpenseExampleYear05 1,268
    10 Years rr_ExpenseExampleYear10 2,177
    1 Year rr_ExpenseExampleNoRedemptionYear01 201
    3 Years rr_ExpenseExampleNoRedemptionYear03 621
    5 Years rr_ExpenseExampleNoRedemptionYear05 1,068
    10 Years rr_ExpenseExampleNoRedemptionYear10 2,177
    Past 1 Year rr_AverageAnnualReturnYear01 (9.33%)
    Past 5 Years rr_AverageAnnualReturnYear05 (0.18%)
    Past 10 Years rr_AverageAnnualReturnYear10 3.51%
    A, B, C, Select Shares | JPMorgan Dynamic Small Cap Growth Fund | CLASS C SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
    Management Fees rr_ManagementFeesOverAssets 0.65%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.33%
    Other Expenses rr_OtherExpensesOverAssets 0.58%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.98%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.98% [2]
    1 Year rr_ExpenseExampleYear01 301
    3 Years rr_ExpenseExampleYear03 621
    5 Years rr_ExpenseExampleYear05 1,068
    10 Years rr_ExpenseExampleYear10 2,306
    1 Year rr_ExpenseExampleNoRedemptionYear01 201
    3 Years rr_ExpenseExampleNoRedemptionYear03 621
    5 Years rr_ExpenseExampleNoRedemptionYear05 1,068
    10 Years rr_ExpenseExampleNoRedemptionYear10 2,306
    Past 1 Year rr_AverageAnnualReturnYear01 (5.33%)
    Past 5 Years rr_AverageAnnualReturnYear05 0.22%
    Past 10 Years rr_AverageAnnualReturnYear10 3.40%
    A, B, C, Select Shares | JPMorgan Dynamic Small Cap Growth Fund | SELECT CLASS SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none
    Management Fees rr_ManagementFeesOverAssets 0.65%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.32%
    Other Expenses rr_OtherExpensesOverAssets 0.57%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.22%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.12%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.10% [2]
    1 Year rr_ExpenseExampleYear01 112
    3 Years rr_ExpenseExampleYear03 375
    5 Years rr_ExpenseExampleYear05 659
    10 Years rr_ExpenseExampleYear10 1,467
    1 Year rr_ExpenseExampleNoRedemptionYear01 112
    3 Years rr_ExpenseExampleNoRedemptionYear03 375
    5 Years rr_ExpenseExampleNoRedemptionYear05 659
    10 Years rr_ExpenseExampleNoRedemptionYear10 1,467
    Past 1 Year rr_AverageAnnualReturnYear01 (3.56%)
    Past 5 Years rr_AverageAnnualReturnYear05 1.19%
    Past 10 Years rr_AverageAnnualReturnYear10 4.42%
    A, B, C, Select Shares | JPMorgan Dynamic Small Cap Growth Fund | Return After Taxes on Distributions | CLASS A SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (8.91%)
    Past 5 Years rr_AverageAnnualReturnYear05 (0.63%)
    Past 10 Years rr_AverageAnnualReturnYear10 2.89%
    A, B, C, Select Shares | JPMorgan Dynamic Small Cap Growth Fund | Return After Taxes on Distributions and Sale of Fund Shares | CLASS A SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (5.79%)
    Past 5 Years rr_AverageAnnualReturnYear05 (0.31%)
    Past 10 Years rr_AverageAnnualReturnYear10 2.81%
    A, B, C, Select Shares | JPMorgan Dynamic Small Cap Growth Fund | RUSSELL 2000 GROWTH INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (2.91%)
    Past 5 Years rr_AverageAnnualReturnYear05 2.09%
    Past 10 Years rr_AverageAnnualReturnYear10 4.48%
    A, B, C, Select Shares | JPMorgan Dynamic Small Cap Growth Fund | LIPPER SMALL-CAP GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (3.40%)
    Past 5 Years rr_AverageAnnualReturnYear05 1.14%
    Past 10 Years rr_AverageAnnualReturnYear10 3.65%
    [1] (under $1 million)
    [2] 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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding acquired fund fees and expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.50%, 2.10%, 2.10% and 1.10%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    XML 78 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
    A, B, C, Select Shares | JPMorgan Diversified Fund
    JPMorgan Diversified Fund

    Class/Ticker:
    A/JDVAX; B/JDVBX; C/JDVCX; Select/JDVSX
    What is the goal of the Fund?
    The Fund seeks to provide a high total return from a diversified portfolio of equity and fixed income investments.
    Fees and Expenses of the Fund
    The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $100,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 78 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    SHAREHOLDER FEES (Fees paid directly from your investment)
    Shareholder Fees A, B, C, Select Shares JPMorgan Diversified Fund
    Class A
    Class B
    Class C
    Select Class
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price 4.50% none none none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares none [1] 5.00% 1.00% none
    [1] (under $1 million)
    ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the value
    of your investment)
    Annual Fund Operating Expenses A, B, C, Select Shares JPMorgan Diversified Fund
    Class A
    Class B
    Class C
    Select Class
    Management Fees 0.55% 0.55% 0.55% 0.55%
    Distribution (Rule 12b-1) Fees 0.25% 0.75% 0.75% none
    Other Expenses 0.47% 0.47% 0.47% 0.47%
    Shareholder Service Fees 0.25% 0.25% 0.25% 0.25%
    Remainder of Other Expenses 0.22% 0.22% 0.22% 0.22%
    Acquired Fund Fees and Expenses 0.15% 0.15% 0.15% 0.15%
    Total Annual Fund Operating Expenses 1.42% 1.92% 1.92% 1.17%
    Fee Waivers and Expense Reimbursements [1] (0.13%) (0.12%) (0.12%) (0.13%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements [1] 1.29% 1.80% 1.80% 1.04%
    [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 Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.14%, 1.65%, 1.65% and 0.89%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    Example
    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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example A, B, C, Select Shares JPMorgan Diversified Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    575 867 1,180 2,065
    CLASS B SHARES
    683 891 1,226 2,104
    CLASS C SHARES
    283 591 1,026 2,234
    SELECT CLASS SHARES
    106 359 631 1,409
    IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Expense Example, No Redemption A, B, C, Select Shares JPMorgan Diversified Fund (USD $)
    1 Year
    3 Years
    5 Years
    10 Years
    CLASS A SHARES
    575 867 1,180 2,065
    CLASS B SHARES
    183 591 1,026 2,104
    CLASS C SHARES
    183 591 1,026 2,234
    SELECT CLASS SHARES
    106 359 631 1,409
    Portfolio Turnover
    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 66% of the average value of its portfolio.
    What are the Fund’s main investment strategies?
    Drawing on a variety of analytical tools, the Fund’s adviser allocates assets among various types of equity and fixed income investments, based on the following model allocation:
    • 30%–75% U.S. equity securities, including small–, medium– and large-cap securities
    • 25%–50% U.S. and foreign fixed income securities
    • 0%–30% foreign equity securities

    The Fund invests in separate underlying strategies investing directly in individual securities or in other J.P. Morgan Funds, across asset classes, including: U.S. equity and developed international equity across market capitalizations, emerging markets equity, domestic and foreign fixed income, high yield fixed income, emerging markets debt, and real estate investment trusts (REITs).

    The adviser may periodically increase or decrease the Fund’s actual asset allocation according to the relative attractiveness of each asset class.

    Within its equity allocations, the Fund primarily invests in the common stock and convertible securities of U.S. and foreign companies.

    Within its fixed income allocations, the Fund primarily invests in corporate bonds, mortgage-backed securities, mortgage “dollar rolls” and U.S. government securities. The Fund’s bond investments will primarily be rated investment grade by a national rating organization but the Fund may also invest up to 15% of its assets in certain high yield, high risk, non-investment grade securities (also known as junk bonds). This limit will include all investments held directly by the Fund, as well as J.P. Morgan Funds held by the Fund which invest primarily in high yield, non-investment grade securities.

    In addition to purchasing securities directly, the Fund may invest up to 30% of its assets in shares of other J.P. Morgan Funds in order to expose the Fund to certain asset classes when the adviser believes it is appropriate.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. With respect to its fixed income allocations, the Fund may use futures contracts to manage and hedge interest rate risk associated with these investments, as well as to lengthen or shorten the duration of this portion of the portfolio. With respect to its equity and fixed income allocations, the Fund may use futures contracts to gain or reduce exposure to all or a portion of the stock or fixed income markets, respectively and for cash management. The Fund may use forward foreign currency exchange contracts to hedge or manage its foreign currency risk, as well as to gain exposure to certain currencies.

    The adviser establishes the strategic and tactical allocation for the Fund and makes the day-to-day decisions concerning strategies and overall construction of the Fund. As attractive investments arise across asset classes and strategies, the adviser attempts to capture these opportunities by allocating the Fund’s assets among strategies and asset classes within pre-defined ranges.

    Investment decisions within strategies and asset classes are implemented either by the portfolio managers of the Fund’s underlying strategies who select individual securities for the Fund or with the Fund’s purchase of other J.P. Morgan Funds.

    The frequency with which the Fund buys and sells underlying investments will vary from year to year, depending on, but not limited to: market conditions, performance of the underlying investments, and changes in the adviser’s investment views.

    The Fund’s Main Investment Risks
    The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    The Fund is exposed to the risks summarized below through both its direct investments and its investments in underlying funds.


    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    Foreign Securities and Emerging Markets Risks. Investments in foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets. These risks are magnified in countries in “emerging markets.” Events and evolving conditions in certain economies or markets may alter the risks associated with investments tied to countries or regions that historically were perceived as comparatively stable becoming riskier and more volatile.

    Smaller Cap Company Risk. Investments in securities of smaller companies may be riskier, more volatile and vulnerable to economic, market and industry changes than securities of larger, more established companies. As a result, share price changes may be more sudden or erratic than the prices of other equity securities, especially over the short term.

    Investments in Mutual Funds Risk. To the extent the Fund invests in underlying J.P. Morgan Funds, the Fund’s investment performance and risks are directly related to the performance and risks of the underlying funds. Shareholders will indirectly bear the expenses charged by those underlying funds. Because the adviser or its affiliates provide services to and receive fees from the underlying funds, the Fund’s investments in the underlying funds benefit the adviser and/or its affiliates. In addition, the Fund may hold a significant percentage of the shares of an underlying fund. As a result, the Fund’s investments in an underlying fund may create a conflict of interest.

    Income Securities Risk. Investments in income securities will change in value based on changes in interest rates and are subject to the risk that a counterparty will fail to make payments when due or default. If interest rates rise, the value of the Fund’s income securities generally drops. Certain underlying funds invest in variable and floating rate loan assignments and participations (Loans) and other variable and floating rate securities. Although these instruments are generally less sensitive to interest rate changes than other fixed rate instruments, the value of floating rate Loans and other securities may decline if their interest rates do not rise as quickly, or as much, as general interest rates. Mortgage-related and asset-backed securities including so called “sub-prime” mortgages are subject to certain other risks including prepayment and call risks. When mortgages and other obligations are prepaid and when securities are called, the Fund may have to reinvest in securities with a lower yield or fail to recover additional amounts (i.e., premiums) paid for securities with higher interest rates, resulting in an unexpected capital loss and/or a decrease in the amount of dividends and yield. In periods of rising interest rates, the Fund may be subject to extension risk, and may receive principal later than expected. As a result, in periods of rising interest rates, the Fund may exhibit additional volatility. Mortgage-related and asset-backed securities may decline in value, face valuation difficulties, be more volatile and/or be illiquid.

    Credit Risk. Some of the Fund’s investments are subject to the risk that a counterparty will fail to make payments when due or default completely. If an issuer’s financial condition worsens, the credit quality of the issuer may deteriorate making it difficult for the Fund to sell such investments.

    High Yield Securities Risk. Some of the Fund’s investments are in securities and instruments that are issued by companies that are highly leveraged, less creditworthy or financially distressed (known as junk bonds). These investments are considered to be speculative and are subject to greater risk of loss, greater sensitivity to interest rate and economic changes, valuation difficulties, and potential illiquidity.

    Real Estate Securities Risk. The Fund’s investments in real estate securities, including REITs, are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and credit-worthiness of REIT issuers. The Fund, will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of the Fund.

    Derivative Risk. Derivatives, including futures and foreign currency exchange contracts, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    The Fund’s Past Performance
    This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Select Class Shares has varied from year to year for the past ten calendar years. The table shows the average annual total returns for the past one year, five years and ten years. The table compares that performance to the Diversified Composite Benchmark, a customized benchmark, the Morgan Stanley Capital International (MSCI) World Index (net of foreign withholding taxes), a broad-based securities market index, and the Lipper Mixed-Asset Target Allocation Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. The Diversified Composite Benchmark is a composite benchmark of unmanaged indexes that corresponds to the Fund’s model allocation and that consists of MSCI World (60%) and Barclays U.S. Aggregate (40%) indexes. The performance of the Fund’s former benchmark, the S&P 500 Index, and former composite benchmark (which was composed of the S&P 500 (60%) and Barclays U.S. Aggregate (40%) indexes) is also presented in the table. The performance in the table for Class A, Class B, and Class C Shares is based on the performance of Select Class Shares prior to their inception on 3/24/03. The actual returns of Class A, Class B and Class C Shares would have been lower because each of these classes has higher expenses than Select Class Shares. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.
    YEAR-BY-YEAR RETURNS
    Bar Chart
    Best Quarter2nd quarter, 200913.95%
    Worst Quarter4th quarter, 2008–13.88%

    The Fund’s year-to-date total return through 9/30/12 was 12.64%.

    AVERAGE ANNUAL TOTAL RETURNS
    (For periods ended December 31, 2011)
    Average Annual Total Returns A, B, C, Select Shares JPMorgan Diversified Fund
    Past 1 Year
    Past 5 Years
    Past 10 Years
    SELECT CLASS SHARES
    (1.70%) 2.55% 4.32%
    SELECT CLASS SHARES Return After Taxes on Distributions
    (2.33%) 1.52% 3.48%
    SELECT CLASS SHARES Return After Taxes on Distributions and Sale of Fund Shares
    (0.91%) 1.79% 3.40%
    CLASS A SHARES
    (6.41%) 1.33% 3.58%
    CLASS B SHARES
    (7.48%) 1.37% 3.61%
    CLASS C SHARES
    (3.52%) 1.74% 3.56%
    DIVERSIFIED COMPOSITE BENCHMARK (Reflects No Deduction for Fees, Expenses or Taxes)
    [1] (0.01%) 1.60% 4.87%
    FORMER COMPOSITE BENCHMARK (Reflects No Deduction for Fees, Expenses or Taxes)
    [1] 4.69% 2.84% 4.40%
    MSCI WORLD INDEX (Reflects No Deduction for Fees, Expenses or Taxes, Except Foreign Withholding Taxes)
    [1] (5.54%) (2.37%) 3.62%
    S&P 500 INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
    [1] 2.11% (0.25%) 2.92%
    LIPPER MIXED-ASSET TARGET ALLOCATION GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
    (0.54%) 1.32% 4.44%
    [1] Effective 10/31/12, the Fund's benchmark changed from the S&P 500 Index to the MSCI World Index to better reflect the Fund's investment strategies and asset allocation. At that time, the model allocation in the Diversified Composite Benchmark was also revised and the MSCI World Index replaced the S&P 500 Index.
    After-tax returns are shown only for the Select Class Shares, and after-tax returns for the other classes will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    XML 79 R163.htm IDEA: XBRL DOCUMENT v2.4.0.6
    Label Element Value
    Risk/Return: rr_RiskReturnAbstract  
    Registrant Name dei_EntityRegistrantName JPMorgan Trust I
    Prospectus Date rr_ProspectusDate Nov. 01, 2012
    A, C Shares | JPMorgan Dynamic Growth Fund
     
    Risk/Return: rr_RiskReturnAbstract  
    Risk/Return [Heading] rr_RiskReturnHeading JPMorgan Dynamic Growth Fund
    Objective [Heading] rr_ObjectiveHeading What is the goal of the Fund?
    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks long-term capital growth.
    Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
    Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds. More information about these and other discounts is available from your financial intermediary and in “How to Do Business with the Funds — SALES CHARGES” on page 25 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of Additional Information.
    Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (Fees paid directly from your investment)
    Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
    (Expenses that you pay each year as a percentage of the value of your
    investment)
    Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 10/31/13
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 99% of the average value of its portfolio.
    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 99.00%
    Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. Morgan Funds.
    Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
    Expense Example [Heading] rr_ExpenseExampleHeading Example
    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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 has 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 fee table through 10/31/13 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
    Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:
    Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT SELL YOUR SHARES, YOUR COST
    WOULD BE:
    Strategy [Heading] rr_StrategyHeading What are the Fund’s main investment strategies?
    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Under normal circumstances, the Fund invests in a focused portfolio of equity securities of large capitalization companies. Large cap companies are companies with market capitalizations equal to those within the universe of the Russell 1000® Growth Index at the time of purchase. Typically, the Fund invests in common stocks of companies with a history of above-average growth or companies expected to enter periods of above-average growth. Although the Fund will invest primarily in equity securities of U.S. companies, it may invest up to 20% of its total assets in foreign securities, including depositary receipts.

    Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions.

    The Fund is non-diversified.

    Investment Process: The Fund’s adviser will utilize a combination of qualitative analysis and quantitative metrics in order to seek to achieve target returns which are higher than the Fund’s benchmark while attempting to maintain a moderate risk profile. In managing the Fund, the adviser employs a process that combines research, valuation and stock selection to identify companies that have a history of above-average growth or which the adviser believes will achieve above-average growth in the future. The adviser looks for companies with leading competitive positions, predictable and durable business models and management that can achieve sustained growth.

    The adviser may sell a security for several reasons. The adviser may sell a security due to a change in the company’s fundamentals or a change in the original reason for purchase of an investment, or if the adviser no longer considers the security to be reasonably valued. Investments may also be sold if the adviser identifies a stock that it believes offers a better investment opportunity.

    Risk [Heading] rr_RiskHeading The Fund’s Main Investment Risks
    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or markets are not met.

    An investment in this Fund or any other fund may not provide a complete investment program. The suitability of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this Prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.

    Equity Market Risk. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Fund’s securities goes down, your investment in the Fund decreases in value.

    General Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

    Growth Investing Risk. Because growth investing attempts to identify companies that the adviser believes will experience rapid earnings growth relative to value or other types of stocks, growth stocks may also trade at higher multiples of current earnings, compared to value or other stocks, leading to inflated prices and thus potentially greater declines in value.

    Derivative Risk. Derivatives, including futures, may be riskier than other types of investments and may increase the volatility of the Fund. Derivatives may be sensitive to changes in economic and market conditions and may create leverage, which could result in losses that significantly exceed the Fund’s original investment. Derivatives expose the Fund to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations (and includes credit risk associated with the counterparty). Certain derivatives are synthetic instruments that attempt to replicate the performance of certain reference assets. With regard to such derivatives, the Fund does not have a claim on the reference assets and is subject to enhanced counterparty risk. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging, the change in value of a derivative may not correlate as expected with the security or other risk being hedged. In addition, given their complexity, derivatives expose the Fund to risks of mispricing or improper valuation.

    Foreign Securities Risk. Investments in foreign issuers are subject to additional risks including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, expropriation and nationalization risks, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets.

    Non-Diversified Fund Risk. Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results among those issuing the securities.

    High Portfolio Turnover Risk. The Fund may engage in active and frequent trading leading to increased portfolio turnover, higher transaction costs, and the possibility of increased capital gains, including short-term capital gains that will generally be taxable to shareholders as ordinary income.

    Redemption Risk. The Fund could experience a loss when selling securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the securities the Fund wishes to or is required to sell are illiquid.

     

    Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.

    You could lose money investing in the Fund.

    Risk Lose Money [Text] rr_RiskLoseMoney You could lose money investing in the Fund.
    Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus Non-Diversified Fund Risk. Since the Fund is non-diversified, it may invest a greater percentage of its assets in a particular issuer or group of issuers than a diversified fund would. This increased concentration in fewer issuers may result in the Fund’s shares being more sensitive to economic results among those issuing the securities.
    Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency.
    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading The Fund’s Past Performance
    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock This section provides some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund. The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index. Subsequent to the inception of the Fund on 11/30/07 until 8/6/10, the Fund did not experience any shareholder purchase and sale activity. If such shareholder activity had occurred, the Fund’s performance may have been impacted. Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future. Updated performance information is available by visiting www.jpmorganfunds.com or by calling 1-800-480-4111.

    The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance would have been lower.

    Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart shows how the performance of the Fund’s Class A Shares has varied from year to year for the past four calendar years. The table shows the average annual total returns for the past one year and life of the Fund.
    Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table compares that performance to the Russell 1000® Growth Index and the Lipper Large-Cap Growth Funds Index, an index based on the total returns of certain mutual funds within the Fund’s designated category as determined by Lipper. Unlike the other index, the Lipper index includes the expenses of the mutual funds included in the index.
    Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-480-4111
    Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.jpmorganfunds.com
    Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not necessarily an indication of how any class of the Fund will perform in the future.
    Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR RETURNS
    Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The performance figures in the bar chart do not reflect any deduction for the front-end sales load which is assessed on Class A Shares. If the load were reflected, the performance would have been lower.
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
    Best Quarter3rd quarter, 201015.73%
    Worst Quarter4th quarter, 2008–24.74%

    The Fund’s year-to-date total return through 9/30/12 was 20.30%.

    Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS
    (For the period ended December 31, 2011)
    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for the Class A Shares, and after-tax returns for the other class will vary.
    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are shown only for the Class A Shares, and after-tax returns for the other class will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
    A, C Shares | JPMorgan Dynamic Growth Fund | CLASS A SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.25%
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther none [1]
    Management Fees rr_ManagementFeesOverAssets 0.60%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.34%
    Other Expenses rr_OtherExpensesOverAssets 0.59%
    Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.45%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.19%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.26% [2]
    1 Year rr_ExpenseExampleYear01 647
    3 Years rr_ExpenseExampleYear03 942
    5 Years rr_ExpenseExampleYear05 1,258
    10 Years rr_ExpenseExampleYear10 2,154
    1 Year rr_ExpenseExampleNoRedemptionYear01 647
    3 Years rr_ExpenseExampleNoRedemptionYear03 942
    5 Years rr_ExpenseExampleNoRedemptionYear05 1,258
    10 Years rr_ExpenseExampleNoRedemptionYear10 2,154
    2008 rr_AnnualReturn2008 (42.30%)
    2009 rr_AnnualReturn2009 42.84%
    2010 rr_AnnualReturn2010 18.85%
    2011 rr_AnnualReturn2011 (4.93%)
    Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date total return
    Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
    Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 20.30%
    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.73%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.74%)
    Past 1 Year rr_AverageAnnualReturnYear01 (9.91%)
    Life of Fund rr_AverageAnnualReturnSinceInception (2.80%)
    Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
    A, C Shares | JPMorgan Dynamic Growth Fund | CLASS C SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Maximum Sales Charge (Load) Imposed on Purchases, as % of the Offering Price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load), as % of Original Cost of the Shares rr_MaximumDeferredSalesChargeOverOther 1.00%
    Management Fees rr_ManagementFeesOverAssets 0.60%
    Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
    Shareholder Service Fees rr_Component1OtherExpensesOverAssets 0.25%
    Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.34%
    Other Expenses rr_OtherExpensesOverAssets 0.59%
    Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.95%
    Fee Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.19%) [2]
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements rr_NetExpensesOverAssets 1.76% [2]
    1 Year rr_ExpenseExampleYear01 279
    3 Years rr_ExpenseExampleYear03 594
    5 Years rr_ExpenseExampleYear05 1,035
    10 Years rr_ExpenseExampleYear10 2,259
    1 Year rr_ExpenseExampleNoRedemptionYear01 179
    3 Years rr_ExpenseExampleNoRedemptionYear03 594
    5 Years rr_ExpenseExampleNoRedemptionYear05 1,035
    10 Years rr_ExpenseExampleNoRedemptionYear10 2,259
    Past 1 Year rr_AverageAnnualReturnYear01 (6.41%)
    Life of Fund rr_AverageAnnualReturnSinceInception (2.00%)
    Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
    A, C Shares | JPMorgan Dynamic Growth Fund | Return After Taxes on Distributions | CLASS A SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (9.91%)
    Life of Fund rr_AverageAnnualReturnSinceInception (2.81%)
    Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
    A, C Shares | JPMorgan Dynamic Growth Fund | Return After Taxes on Distributions and Sale of Fund Shares | CLASS A SHARES
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (6.44%)
    Life of Fund rr_AverageAnnualReturnSinceInception (2.37%)
    Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
    A, C Shares | JPMorgan Dynamic Growth Fund | RUSSELL 1000 GROWTH INDEX (Reflects No Deduction for Fees, Expenses or Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 2.64%
    Life of Fund rr_AverageAnnualReturnSinceInception 0.20%
    A, C Shares | JPMorgan Dynamic Growth Fund | LIPPER LARGE-CAP GROWTH FUNDS INDEX (Reflects No Deduction for Taxes)
     
    Risk/Return: rr_RiskReturnAbstract  
    Past 1 Year rr_AverageAnnualReturnYear01 (2.90%)
    Life of Fund rr_AverageAnnualReturnSinceInception (2.33%)
    [1] (under $1 million)
    [2] The Fund's adviser, administrator and the distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses of Class A and Class C Shares (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed 1.25% and 1.75%, respectively, of their average daily net assets. This contract cannot be terminated prior to 11/1/13 at which time the Service Providers will determine whether or not to renew or revise it.
    XML 80 R195.htm IDEA: XBRL DOCUMENT v2.4.0.6
    Label Element Value
    Risk/Return: rr_RiskReturnAbstract  
    Registrant Name dei_EntityRegistrantName JPMorgan Trust I
    Prospectus Date rr_ProspectusDate Nov. 01, 2012
    Document Creation Date dei_DocumentCreationDate Oct. 26, 2012
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