Liquidation: JPMorgan Trust I

Form Type: 497

Filing Date: 2025-05-12

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525117329

Filing Summary: The Board of Trustees of JPMorgan Trust I has approved the liquidation and dissolution of the JPMorgan Total Return Fund on or about July 29, 2025. In preparation for the liquidation, the Fund will modify its investment strategies to increase cash holdings. On the Liquidation Date, the Fund will distribute all assets to shareholders of record in cancellation of their shares, retaining an estimated amount to cover unpaid liabilities. Income dividends and capital gains may be paid before the Liquidation Date. Fund expenses will be waived through liquidation, with specific limits for different share classes. Shareholders will have options for transferring proceeds to other J.P. Morgan Funds, with specific terms about eligibility and fees. Purchases of new shares will be halted on May 19, 2025, and existing shareholders will not be able to buy additional shares after July 22, 2025, unless under certain reinvestment plans.

Form Type: 497K

Filing Date: 2025-05-12

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525117330

Filing Summary: The Board of Trustees of JPMorgan Trust I has approved the liquidation and dissolution of the JPMorgan Total Return Fund on or about July 29, 2025. This decision allows the Fund to depart from its stated investment objective and strategies to increase cash holdings in preparation for liquidation. On the Liquidation Date, the Fund will distribute all assets to its shareholders, subject to retaining enough cash to cover unpaid liabilities. Income dividends and capital gain distributions may be paid prior to the Liquidation Date. Effective June 1, 2025, the Distribution Fees on Fund shares will be waived, and the Fund's adviser and affiliates will voluntarily waive fees exceeding specific percentages for various Classes of Shares. Shareholders will have options for reinvestment into other J.P. Morgan Funds with proceeds from the liquidation, including waivers for certain classes within 90 days of the liquidation. New purchases of Fund shares will be suspended after May 19, 2025, and additional purchases after July 22, 2025, will be restricted, except for specific plans.

Form Type: 497K

Filing Date: 2025-05-12

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525117331

Filing Summary: The Board of Trustees of JPMorgan Trust I has approved the liquidation and dissolution of the JPMorgan Total Return Fund, scheduled for around July 29, 2025. In preparation for this, the Fund will start increasing cash holdings and may depart from its stated investment objectives. On the Liquidation Date, all assets will be distributed pro rata to shareholders, barring any securities that cannot be liquidated, reserve cash for liabilities, and other obligations through the Liquidation Date. Income dividends and capital gains distributions may be paid before the Liquidation Date. Distribution fees on shares will be waived starting June 1, 2025. Shareholders will have various options for handling their investments post-liquidation, including exchanging for Morgan Shares or purchasing other J.P. Morgan Fund classes with proceeds. New share purchases will be halted after May 19, 2025, and additional purchases from existing shareholders will cease on July 22, 2025, with exceptions for certain plans. Investors are advised to retain this supplement with related documents for reference.