0001193125-18-268857.txt : 20180907 0001193125-18-268857.hdr.sgml : 20180907 20180907111805 ACCESSION NUMBER: 0001193125-18-268857 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 15 FILED AS OF DATE: 20180907 DATE AS OF CHANGE: 20180907 EFFECTIVENESS DATE: 20180907 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPMorgan Trust I CENTRAL INDEX KEY: 0001217286 IRS NUMBER: 331043149 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-103022 FILM NUMBER: 181059216 BUSINESS ADDRESS: STREET 1: C/O JPMORGAN DISTRIBUTION SERVICES, INC. STREET 2: 270 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 800-480-4111 MAIL ADDRESS: STREET 1: C/O JPMORGAN DISTRIBUTION SERVICES, INC. STREET 2: 270 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: JP MORGAN MUTUAL FUND SERIES DATE OF NAME CHANGE: 20030204 0001217286 S000015698 JPMorgan Income Builder Fund C000042871 Class A JNBAX C000042872 Class C JNBCX C000042873 Class I JNBSX C000185988 Class T JIBTX C000195048 Class R6 JNBZX 0001217286 S000031462 JPMorgan Global Allocation Fund C000097802 Class A GAOAX C000097803 Class C GAOCX C000097804 Class I GAOSX C000097805 Class R2 GAONX C000185997 Class T JGCTX C000195049 Class R6 GAOZX 497 1 d591311d497.htm JPMORGAN TRUST I JPMorgan Trust I

JPMORGAN TRUST I

270 PARK AVENUE

NEW YORK, NEW YORK 10017

September 7, 2018

VIA EDGAR

Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

Attention: Filing Desk

 

RE:

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

 

JPMorgan Global Allocation Fund and JPMorgan Income Builder Fund,

  

(the “Funds”)

 

File Nos. 333-103022 and 811-21295

Ladies and Gentlemen:

On behalf of the Trust, we hereby submit for filing pursuant to Rule 497 under the Securities Act of 1933 and under the Investment Company Act of 1940, exhibits containing interactive data format risk/return summary information for the Funds. These exhibits contain the risk/return summary information in the prospectus for the Funds dated March 1, 2018, as supplemented August 23, 2018. The purpose of this filing is to submit the XBRL information from the 497 filing dated August 23, 2018 for the Funds.

Please contact the undersigned at 614-213-4042 if you have any questions concerning this filing.

Very truly yours,

 

/s/ Jessica K. Ditullio

Jessica K. Ditullio
Assistant Secretary


Exhibit Index

 

Exhibit

Number

   Description
EX-101.INS    XBRL Instance Document
EX-101.SCH    XBRL Taxonomy Extension Schema Document
EX-101.CAL    XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF    XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB    XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE    XBRL Taxonomy Extension Presentation Linkbase
EX-101.INS 2 jpmt2-20180823.xml XBRL INSTANCE DOCUMENT 0001217286 2018-03-01 2018-03-01 0001217286 jpmt2:S000015698Member 2018-03-01 2018-03-01 0001217286 jpmt2:S000031462Member 2018-03-01 2018-03-01 2018-03-01 497 2017-10-31 JPMorgan Trust I 0001217286 false 2018-08-23 2018-08-23 <p style="margin-top:0px;margin-bottom:0px" align="center"><b>J.P.&nbsp;MORGAN FUNDS </b></p> <p style="margin-top:12px;margin-bottom:0px" align="center">JPMorgan Global Allocation Fund </p> <p style="margin-top:0px;margin-bottom:0px" align="center">JPMorgan Income Builder Fund </p> <p style="margin-top:12px;margin-bottom:0px" align="center">(All Share Classes) </p> <p style="margin-top:0px;margin-bottom:0px" align="center">(each, a series of JPMorgan Trust I) </p> <p style="margin-top:0px;margin-bottom:0px" align="center">(each, a &#147;Fund&#148; and collectively, the &#147;Funds&#148;) </p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>Supplement dated August&nbsp;23, 2018 </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectuses, Prospectuses and Statement of Additional Information dated March&nbsp;1, 2018, as supplemented </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>Investment in J.P.&nbsp;Morgan ETFs. </b>Currently, the Funds may invest in J.P.&nbsp;Morgan Mutual Funds in the same group of investment companies as well as exchange traded funds (&#147;ETFs&#148;) that are managed by unaffiliated investment advisers. Effective November&nbsp;1, 2018 (the &#147;Effective Date&#148;), each Fund may invest in mutual funds and ETFs in the same group of investment companies (the &#147;J.P.&nbsp;Morgan Funds&#148;) and will invest in market cap weighted index ETFs that are managed by unaffiliated investment advisers (&#147;unaffiliated passive ETFs&#148;) only when an investment in a J.P.&nbsp;Morgan passive ETF is not available. J.P.&nbsp;Morgan ETFs include ETFs that are managed by J.P.&nbsp;Morgan Investment Management Inc. (&#147;JPMIM&#148; or the &#147;Adviser&#148;) or its affiliates that are in the same group of investment companies as the Funds. On the Effective Date, new prospectuses (the &#147;New Prospectuses&#148;) will replace the existing prospectuses for the Funds (the &#147;Existing Prospectuses&#148;). You should refer to the New Prospectuses for the Funds, when available. Please note that the New Prospectuses reflecting the changes for the Funds are not yet effective and that the information in this supplement is not complete and may be changed at any time prior to the Effective Date. </p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to the Funds&#146; Main Investment Strategies:</b> On the Effective Date, the Funds&#146; main investment strategy will be revised to reflect that each Fund invests in J.P.&nbsp;Morgan Funds, including J.P.&nbsp;Morgan ETFs, and invests in unaffiliated passive ETFs only when an investment in a J.P.&nbsp;Morgan passive ETF is not available. For actively-managed underlying funds, the Adviser&#146;s selection will be limited to J.P.&nbsp;Morgan Funds. The Adviser expects to select J.P.&nbsp;Morgan Funds without considering or canvassing the universe of unaffiliated underlying funds even though there may (or may not) be one or more unaffiliated underlying funds that investors might regard as more attractive for the Fund or that have superior returns. </p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to the Funds&#146; Main Investment Risks: </b>On the Effective Date, the following will be added to the end of the &#147;Risk/Return Summary &#151; The Fund&#146;s Main Investment Risks &#151; Investment Company and Pooled Investment Vehicle Risk&#148; section for JPMorgan Global Allocation Fund and to the end of the &#147;Risk/Return Summary &#151; The Fund&#146;s Main Investment Risks &#151; ETF and Investment Company Risk&#148; section for JPMorgan Income Builder Fund: </p> <p style="margin-top:6px;margin-bottom:0px; margin-left:4%">In addition, the Adviser&#146;s authority to allocate investments among J.P.&nbsp;Morgan Funds and unaffiliated passive ETFs creates conflicts of interest. For example, investing in J.P.&nbsp;Morgan Funds could cause the Fund to incur higher fees and will cause the Adviser and/or its affiliates to receive greater compensation, increase assets under management or support particular investment strategies or J.P.&nbsp;Morgan Funds. </p><p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE SUMMARY </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>PROSPECTUSES, PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>FOR FUTURE REFERENCE </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>J.P.&nbsp;MORGAN FUNDS </b></p> <p style="margin-top:12px;margin-bottom:0px" align="center">JPMorgan Income Builder Fund</p><p style="margin-top:12px;margin-bottom:0px" align="center">(All Share Classes) </p> <p style="margin-top:0px;margin-bottom:0px" align="center">(each, a series of JPMorgan Trust I) </p> <p style="margin-top:0px;margin-bottom:0px" align="center">(each, a &#147;Fund&#148; and collectively, the &#147;Funds&#148;) </p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>Supplement dated August&nbsp;23, 2018 </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectuses, Prospectuses and Statement of Additional Information dated March&nbsp;1, 2018, as supplemented </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>Investment in J.P.&nbsp;Morgan ETFs. </b>Currently, the Funds may invest in J.P.&nbsp;Morgan Mutual Funds in the same group of investment companies as well as exchange traded funds (&#147;ETFs&#148;) that are managed by unaffiliated investment advisers. Effective November&nbsp;1, 2018 (the &#147;Effective Date&#148;), each Fund may invest in mutual funds and ETFs in the same group of investment companies (the &#147;J.P.&nbsp;Morgan Funds&#148;) and will invest in market cap weighted index ETFs that are managed by unaffiliated investment advisers (&#147;unaffiliated passive ETFs&#148;) only when an investment in a J.P.&nbsp;Morgan passive ETF is not available. J.P.&nbsp;Morgan ETFs include ETFs that are managed by J.P.&nbsp;Morgan Investment Management Inc. (&#147;JPMIM&#148; or the &#147;Adviser&#148;) or its affiliates that are in the same group of investment companies as the Funds. On the Effective Date, new prospectuses (the &#147;New Prospectuses&#148;) will replace the existing prospectuses for the Funds (the &#147;Existing Prospectuses&#148;). You should refer to the New Prospectuses for the Funds, when available. Please note that the New Prospectuses reflecting the changes for the Funds are not yet effective and that the information in this supplement is not complete and may be changed at any time prior to the Effective Date. </p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to the Funds&#146; Main Investment Strategies:</b> On the Effective Date, the Funds&#146; main investment strategy will be revised to reflect that each Fund invests in J.P.&nbsp;Morgan Funds, including J.P.&nbsp;Morgan ETFs, and invests in unaffiliated passive ETFs only when an investment in a J.P.&nbsp;Morgan passive ETF is not available. For actively-managed underlying funds, the Adviser&#146;s selection will be limited to J.P.&nbsp;Morgan Funds. The Adviser expects to select J.P.&nbsp;Morgan Funds without considering or canvassing the universe of unaffiliated underlying funds even though there may (or may not) be one or more unaffiliated underlying funds that investors might regard as more attractive for the Fund or that have superior returns. </p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to the Funds&#146; Main Investment Risks: </b>On the Effective Date, the following will be added to the end of the &#147;Risk/Return Summary &#151; The Fund&#146;s Main Investment Risks &#151; Investment Company and Pooled Investment Vehicle Risk&#148; section for JPMorgan Global Allocation Fund and to the end of the &#147;Risk/Return Summary &#151; The Fund&#146;s Main Investment Risks &#151; ETF and Investment Company Risk&#148; section for JPMorgan Income Builder Fund: </p> <p style="margin-top:6px;margin-bottom:0px; margin-left:4%">In addition, the Adviser&#146;s authority to allocate investments among J.P.&nbsp;Morgan Funds and unaffiliated passive ETFs creates conflicts of interest. For example, investing in J.P.&nbsp;Morgan Funds could cause the Fund to incur higher fees and will cause the Adviser and/or its affiliates to receive greater compensation, increase assets under management or support particular investment strategies or J.P.&nbsp;Morgan Funds. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE SUMMARY </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>PROSPECTUSES, PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>FOR FUTURE REFERENCE </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>J.P.&nbsp;MORGAN FUNDS </b></p> <p style="margin-top:12px;margin-bottom:0px" align="center">JPMorgan Global Allocation Fund</p><p style="margin-top:12px;margin-bottom:0px" align="center">(All Share Classes) </p> <p style="margin-top:0px;margin-bottom:0px" align="center">(each, a series of JPMorgan Trust I) </p> <p style="margin-top:0px;margin-bottom:0px" align="center">(each, a &#147;Fund&#148; and collectively, the &#147;Funds&#148;) </p> <p style="margin-top:12px;margin-bottom:0px" align="center"><b>Supplement dated August&nbsp;23, 2018 </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectuses, Prospectuses and Statement of Additional Information dated March&nbsp;1, 2018, as supplemented </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>Investment in J.P.&nbsp;Morgan ETFs. </b>Currently, the Funds may invest in J.P.&nbsp;Morgan Mutual Funds in the same group of investment companies as well as exchange traded funds (&#147;ETFs&#148;) that are managed by unaffiliated investment advisers. Effective November&nbsp;1, 2018 (the &#147;Effective Date&#148;), each Fund may invest in mutual funds and ETFs in the same group of investment companies (the &#147;J.P.&nbsp;Morgan Funds&#148;) and will invest in market cap weighted index ETFs that are managed by unaffiliated investment advisers (&#147;unaffiliated passive ETFs&#148;) only when an investment in a J.P.&nbsp;Morgan passive ETF is not available. J.P.&nbsp;Morgan ETFs include ETFs that are managed by J.P.&nbsp;Morgan Investment Management Inc. (&#147;JPMIM&#148; or the &#147;Adviser&#148;) or its affiliates that are in the same group of investment companies as the Funds. On the Effective Date, new prospectuses (the &#147;New Prospectuses&#148;) will replace the existing prospectuses for the Funds (the &#147;Existing Prospectuses&#148;). You should refer to the New Prospectuses for the Funds, when available. Please note that the New Prospectuses reflecting the changes for the Funds are not yet effective and that the information in this supplement is not complete and may be changed at any time prior to the Effective Date. </p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to the Funds&#146; Main Investment Strategies:</b> On the Effective Date, the Funds&#146; main investment strategy will be revised to reflect that each Fund invests in J.P.&nbsp;Morgan Funds, including J.P.&nbsp;Morgan ETFs, and invests in unaffiliated passive ETFs only when an investment in a J.P.&nbsp;Morgan passive ETF is not available. For actively-managed underlying funds, the Adviser&#146;s selection will be limited to J.P.&nbsp;Morgan Funds. The Adviser expects to select J.P.&nbsp;Morgan Funds without considering or canvassing the universe of unaffiliated underlying funds even though there may (or may not) be one or more unaffiliated underlying funds that investors might regard as more attractive for the Fund or that have superior returns. </p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to the Funds&#146; Main Investment Risks: </b>On the Effective Date, the following will be added to the end of the &#147;Risk/Return Summary &#151; The Fund&#146;s Main Investment Risks &#151; Investment Company and Pooled Investment Vehicle Risk&#148; section for JPMorgan Global Allocation Fund and to the end of the &#147;Risk/Return Summary &#151; The Fund&#146;s Main Investment Risks &#151; ETF and Investment Company Risk&#148; section for JPMorgan Income Builder Fund: </p> <p style="margin-top:6px;margin-bottom:0px; margin-left:4%">In addition, the Adviser&#146;s authority to allocate investments among J.P.&nbsp;Morgan Funds and unaffiliated passive ETFs creates conflicts of interest. For example, investing in J.P.&nbsp;Morgan Funds could cause the Fund to incur higher fees and will cause the Adviser and/or its affiliates to receive greater compensation, increase assets under management or support particular investment strategies or J.P.&nbsp;Morgan Funds. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE SUMMARY </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>PROSPECTUSES, PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>FOR FUTURE REFERENCE </b></p> EX-101.SCH 3 jpmt2-20180823.xsd XBRL TAXONOMY EXTENSION SCHEMA 000000 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink 000011 - Document - Risk/Return Supplement {Unlabeled} - JPMorgan Trust I link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - Risk/Return Detail Data {Elements} - JPMorgan Trust I link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 jpmt2-20180823_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 5 jpmt2-20180823_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 6 jpmt2-20180823_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 7 R1.htm IDEA: XBRL DOCUMENT v3.10.0.1
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Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Central Index Key dei_EntityCentralIndexKey 0001217286
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Document Creation Date dei_DocumentCreationDate Aug. 23, 2018
Document Effective Date dei_DocumentEffectiveDate Aug. 23, 2018
Prospectus Date rr_ProspectusDate Mar. 01, 2018
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Mar. 01, 2018

J.P. MORGAN FUNDS

JPMorgan Global Allocation Fund

JPMorgan Income Builder Fund

(All Share Classes)

(each, a series of JPMorgan Trust I)

(each, a “Fund” and collectively, the “Funds”)

Supplement dated August 23, 2018

to the Summary Prospectuses, Prospectuses and Statement of Additional Information dated March 1, 2018, as supplemented

Investment in J.P. Morgan ETFs. Currently, the Funds may invest in J.P. Morgan Mutual Funds in the same group of investment companies as well as exchange traded funds (“ETFs”) that are managed by unaffiliated investment advisers. Effective November 1, 2018 (the “Effective Date”), each Fund may invest in mutual funds and ETFs in the same group of investment companies (the “J.P. Morgan Funds”) and will invest in market cap weighted index ETFs that are managed by unaffiliated investment advisers (“unaffiliated passive ETFs”) only when an investment in a J.P. Morgan passive ETF is not available. J.P. Morgan ETFs include ETFs that are managed by J.P. Morgan Investment Management Inc. (“JPMIM” or the “Adviser”) or its affiliates that are in the same group of investment companies as the Funds. On the Effective Date, new prospectuses (the “New Prospectuses”) will replace the existing prospectuses for the Funds (the “Existing Prospectuses”). You should refer to the New Prospectuses for the Funds, when available. Please note that the New Prospectuses reflecting the changes for the Funds are not yet effective and that the information in this supplement is not complete and may be changed at any time prior to the Effective Date.

Changes to the Funds’ Main Investment Strategies: On the Effective Date, the Funds’ main investment strategy will be revised to reflect that each Fund invests in J.P. Morgan Funds, including J.P. Morgan ETFs, and invests in unaffiliated passive ETFs only when an investment in a J.P. Morgan passive ETF is not available. For actively-managed underlying funds, the Adviser’s selection will be limited to J.P. Morgan Funds. The Adviser expects to select J.P. Morgan Funds without considering or canvassing the universe of unaffiliated underlying funds even though there may (or may not) be one or more unaffiliated underlying funds that investors might regard as more attractive for the Fund or that have superior returns.

Changes to the Funds’ Main Investment Risks: On the Effective Date, the following will be added to the end of the “Risk/Return Summary — The Fund’s Main Investment Risks — Investment Company and Pooled Investment Vehicle Risk” section for JPMorgan Global Allocation Fund and to the end of the “Risk/Return Summary — The Fund’s Main Investment Risks — ETF and Investment Company Risk” section for JPMorgan Income Builder Fund:

In addition, the Adviser’s authority to allocate investments among J.P. Morgan Funds and unaffiliated passive ETFs creates conflicts of interest. For example, investing in J.P. Morgan Funds could cause the Fund to incur higher fees and will cause the Adviser and/or its affiliates to receive greater compensation, increase assets under management or support particular investment strategies or J.P. Morgan Funds.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE SUMMARY

PROSPECTUSES, PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION

FOR FUTURE REFERENCE

XML 9 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JPMorgan Trust I
Prospectus Date rr_ProspectusDate Mar. 01, 2018
Supplement [Text Block] jpmt2_SupplementTextBlock

J.P. MORGAN FUNDS

JPMorgan Global Allocation Fund

JPMorgan Income Builder Fund

(All Share Classes)

(each, a series of JPMorgan Trust I)

(each, a “Fund” and collectively, the “Funds”)

Supplement dated August 23, 2018

to the Summary Prospectuses, Prospectuses and Statement of Additional Information dated March 1, 2018, as supplemented

Investment in J.P. Morgan ETFs. Currently, the Funds may invest in J.P. Morgan Mutual Funds in the same group of investment companies as well as exchange traded funds (“ETFs”) that are managed by unaffiliated investment advisers. Effective November 1, 2018 (the “Effective Date”), each Fund may invest in mutual funds and ETFs in the same group of investment companies (the “J.P. Morgan Funds”) and will invest in market cap weighted index ETFs that are managed by unaffiliated investment advisers (“unaffiliated passive ETFs”) only when an investment in a J.P. Morgan passive ETF is not available. J.P. Morgan ETFs include ETFs that are managed by J.P. Morgan Investment Management Inc. (“JPMIM” or the “Adviser”) or its affiliates that are in the same group of investment companies as the Funds. On the Effective Date, new prospectuses (the “New Prospectuses”) will replace the existing prospectuses for the Funds (the “Existing Prospectuses”). You should refer to the New Prospectuses for the Funds, when available. Please note that the New Prospectuses reflecting the changes for the Funds are not yet effective and that the information in this supplement is not complete and may be changed at any time prior to the Effective Date.

Changes to the Funds’ Main Investment Strategies: On the Effective Date, the Funds’ main investment strategy will be revised to reflect that each Fund invests in J.P. Morgan Funds, including J.P. Morgan ETFs, and invests in unaffiliated passive ETFs only when an investment in a J.P. Morgan passive ETF is not available. For actively-managed underlying funds, the Adviser’s selection will be limited to J.P. Morgan Funds. The Adviser expects to select J.P. Morgan Funds without considering or canvassing the universe of unaffiliated underlying funds even though there may (or may not) be one or more unaffiliated underlying funds that investors might regard as more attractive for the Fund or that have superior returns.

Changes to the Funds’ Main Investment Risks: On the Effective Date, the following will be added to the end of the “Risk/Return Summary — The Fund’s Main Investment Risks — Investment Company and Pooled Investment Vehicle Risk” section for JPMorgan Global Allocation Fund and to the end of the “Risk/Return Summary — The Fund’s Main Investment Risks — ETF and Investment Company Risk” section for JPMorgan Income Builder Fund:

In addition, the Adviser’s authority to allocate investments among J.P. Morgan Funds and unaffiliated passive ETFs creates conflicts of interest. For example, investing in J.P. Morgan Funds could cause the Fund to incur higher fees and will cause the Adviser and/or its affiliates to receive greater compensation, increase assets under management or support particular investment strategies or J.P. Morgan Funds.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE SUMMARY

PROSPECTUSES, PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION

FOR FUTURE REFERENCE

JPMorgan Global Allocation Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] jpmt2_SupplementTextBlock

J.P. MORGAN FUNDS

JPMorgan Global Allocation Fund

(All Share Classes)

(each, a series of JPMorgan Trust I)

(each, a “Fund” and collectively, the “Funds”)

Supplement dated August 23, 2018

to the Summary Prospectuses, Prospectuses and Statement of Additional Information dated March 1, 2018, as supplemented

Investment in J.P. Morgan ETFs. Currently, the Funds may invest in J.P. Morgan Mutual Funds in the same group of investment companies as well as exchange traded funds (“ETFs”) that are managed by unaffiliated investment advisers. Effective November 1, 2018 (the “Effective Date”), each Fund may invest in mutual funds and ETFs in the same group of investment companies (the “J.P. Morgan Funds”) and will invest in market cap weighted index ETFs that are managed by unaffiliated investment advisers (“unaffiliated passive ETFs”) only when an investment in a J.P. Morgan passive ETF is not available. J.P. Morgan ETFs include ETFs that are managed by J.P. Morgan Investment Management Inc. (“JPMIM” or the “Adviser”) or its affiliates that are in the same group of investment companies as the Funds. On the Effective Date, new prospectuses (the “New Prospectuses”) will replace the existing prospectuses for the Funds (the “Existing Prospectuses”). You should refer to the New Prospectuses for the Funds, when available. Please note that the New Prospectuses reflecting the changes for the Funds are not yet effective and that the information in this supplement is not complete and may be changed at any time prior to the Effective Date.

Changes to the Funds’ Main Investment Strategies: On the Effective Date, the Funds’ main investment strategy will be revised to reflect that each Fund invests in J.P. Morgan Funds, including J.P. Morgan ETFs, and invests in unaffiliated passive ETFs only when an investment in a J.P. Morgan passive ETF is not available. For actively-managed underlying funds, the Adviser’s selection will be limited to J.P. Morgan Funds. The Adviser expects to select J.P. Morgan Funds without considering or canvassing the universe of unaffiliated underlying funds even though there may (or may not) be one or more unaffiliated underlying funds that investors might regard as more attractive for the Fund or that have superior returns.

Changes to the Funds’ Main Investment Risks: On the Effective Date, the following will be added to the end of the “Risk/Return Summary — The Fund’s Main Investment Risks — Investment Company and Pooled Investment Vehicle Risk” section for JPMorgan Global Allocation Fund and to the end of the “Risk/Return Summary — The Fund’s Main Investment Risks — ETF and Investment Company Risk” section for JPMorgan Income Builder Fund:

In addition, the Adviser’s authority to allocate investments among J.P. Morgan Funds and unaffiliated passive ETFs creates conflicts of interest. For example, investing in J.P. Morgan Funds could cause the Fund to incur higher fees and will cause the Adviser and/or its affiliates to receive greater compensation, increase assets under management or support particular investment strategies or J.P. Morgan Funds.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE SUMMARY

PROSPECTUSES, PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION

FOR FUTURE REFERENCE

JPMorgan Income Builder Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] jpmt2_SupplementTextBlock

J.P. MORGAN FUNDS

JPMorgan Income Builder Fund

(All Share Classes)

(each, a series of JPMorgan Trust I)

(each, a “Fund” and collectively, the “Funds”)

Supplement dated August 23, 2018

to the Summary Prospectuses, Prospectuses and Statement of Additional Information dated March 1, 2018, as supplemented

Investment in J.P. Morgan ETFs. Currently, the Funds may invest in J.P. Morgan Mutual Funds in the same group of investment companies as well as exchange traded funds (“ETFs”) that are managed by unaffiliated investment advisers. Effective November 1, 2018 (the “Effective Date”), each Fund may invest in mutual funds and ETFs in the same group of investment companies (the “J.P. Morgan Funds”) and will invest in market cap weighted index ETFs that are managed by unaffiliated investment advisers (“unaffiliated passive ETFs”) only when an investment in a J.P. Morgan passive ETF is not available. J.P. Morgan ETFs include ETFs that are managed by J.P. Morgan Investment Management Inc. (“JPMIM” or the “Adviser”) or its affiliates that are in the same group of investment companies as the Funds. On the Effective Date, new prospectuses (the “New Prospectuses”) will replace the existing prospectuses for the Funds (the “Existing Prospectuses”). You should refer to the New Prospectuses for the Funds, when available. Please note that the New Prospectuses reflecting the changes for the Funds are not yet effective and that the information in this supplement is not complete and may be changed at any time prior to the Effective Date.

Changes to the Funds’ Main Investment Strategies: On the Effective Date, the Funds’ main investment strategy will be revised to reflect that each Fund invests in J.P. Morgan Funds, including J.P. Morgan ETFs, and invests in unaffiliated passive ETFs only when an investment in a J.P. Morgan passive ETF is not available. For actively-managed underlying funds, the Adviser’s selection will be limited to J.P. Morgan Funds. The Adviser expects to select J.P. Morgan Funds without considering or canvassing the universe of unaffiliated underlying funds even though there may (or may not) be one or more unaffiliated underlying funds that investors might regard as more attractive for the Fund or that have superior returns.

Changes to the Funds’ Main Investment Risks: On the Effective Date, the following will be added to the end of the “Risk/Return Summary — The Fund’s Main Investment Risks — Investment Company and Pooled Investment Vehicle Risk” section for JPMorgan Global Allocation Fund and to the end of the “Risk/Return Summary — The Fund’s Main Investment Risks — ETF and Investment Company Risk” section for JPMorgan Income Builder Fund:

In addition, the Adviser’s authority to allocate investments among J.P. Morgan Funds and unaffiliated passive ETFs creates conflicts of interest. For example, investing in J.P. Morgan Funds could cause the Fund to incur higher fees and will cause the Adviser and/or its affiliates to receive greater compensation, increase assets under management or support particular investment strategies or J.P. Morgan Funds.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE SUMMARY

PROSPECTUSES, PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION

FOR FUTURE REFERENCE

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