497K 1 d917706d497k.htm JPMORGAN TRUST I JPMORGAN TRUST I

JPMORGAN TRUST I

J.P. Morgan SmartRetirement Blend Funds

JPMorgan SmartRetirement® Blend Income Fund

JPMorgan SmartRetirement® Blend 2020 Fund

JPMorgan SmartRetirement® Blend 2025 Fund

JPMorgan SmartRetirement® Blend 2030 Fund

JPMorgan SmartRetirement® Blend 2035 Fund

JPMorgan SmartRetirement® Blend 2040 Fund

JPMorgan SmartRetirement® Blend 2045 Fund

JPMorgan SmartRetirement® Blend 2050 Fund

JPMorgan SmartRetirement® Blend 2055 Fund

JPMorgan SmartRetirement® Blend 2060 Fund

Summary Prospectuses and Prospectuses dated November 1, 2019, as supplemented

JPMORGAN TRUST IV

J.P. Morgan Funds

JPMorgan SmartSpendingSM 2015 Fund

Summary Prospectuses and Prospectuses dated November 1, 2019, as supplemented

JPMorgan SmartSpendingSM 2020 Fund

Summary Prospectuses and Prospectuses dated June 15, 2020

(All Share Classes)

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

Supplement dated August 19, 2020 to the Summary Prospectuses and Prospectuses as dated above

Decrease in Investment Advisory Fee for each Fund

Effective November 1, 2020, the investment advisory fee for each Fund will decrease to 0.15% of average daily net assets.

Decrease in all Class Shares Expense Caps

Effective November 1, 2020, the expense caps for all Share Classes will be decreased to the following levels:

 

Share Class   Class A1   Class I   Class R2   Class R3   Class R4   Class R5   Class R6
    0.69%   0.44%   0.94%   0.69%   0.44%   0.29%   0.19%

 

 

1 

The JPMorgan SmartRetirement Blend Funds do not have Class A Shares. As such, the Class A Shares expense caps decrease applies only to JPMorgan SmartSpending Funds.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE

SUMMARY PROSPECTUSES AND PROSPECTUSES FOR FUTURE REFERENCE

 

SUP-MAS-FEE-820