M&A - JPMORGAN TRUST IV

Form Type: 497

Filing Date: 2025-03-03

Corporate Action: Merger

Type: Update

Accession Number: 000119312525042924

Filing Summary: On March 3, 2025, JPMorgan Trust IV announced the Reorganization of the JPMorgan International Hedged Equity Fund into an exchange-traded fund (ETF) named the JPMorgan International Hedged Equity Laddered Overlay ETF, scheduled for July 11, 2025. The Board of Trustees determined that this Reorganization is in the best interest of shareholders, ensuring no dilution of their interests. After the Reorganization, the existing fund will be liquidated. The ETF will feature a modified options overlay strategy designed to mitigate risk, and expected lower expenses compared to current fund share classes, except for Class R6. Shareholders participating in this tax-free reorganization will receive ETF shares equal in value to their current holdings, with payment for fractional shares potentially taxable. Detailed instructions have been provided for shareholders regarding account eligibility and necessary actions to ensure receipt of ETF shares. Additionally, starting March 1, 2025, certain fee waivers and offering changes are implemented for Class A and C shares, which will be publicly offered only on a limited basis. Completion of the Reorganization is subject to conditions outlined in an Agreement and Plan of Reorganization, and no shareholder approval is required for the Reorganization.

Form Type: 497K

Filing Date: 2025-03-03

Corporate Action: Merger

Type: Update

Accession Number: 000119312525042929

Filing Summary: On March 3, 2025, JPMorgan Trust IV announced the Reorganization of the JPMorgan International Hedged Equity Fund into an exchange-traded fund (ETF) structure under the management of J.P. Morgan Investment Management Inc. The reorganization is scheduled to be effective on July 11, 2025, and will involve the Fund's liquidation following the establishment of the newly-created ETF, named JPMorgan International Hedged Equity Laddered Overlay ETF. The plan is determined to be beneficial for existing shareholders, as it promises lower expenses, increased trading flexibility, and better tax efficiency. Shareholders must hold their shares through a brokerage account that can accept ETF shares to receive the new ETF shares; those in non-accommodating accounts must take prior action to avoid liquidation. The document outlines multiple changes regarding Class A and C shares, including a limited public offering, waiver of sales charges, and cessation of new accounts through JPMorgan Distribution Services, Inc. Overall, the reorganization aims to maintain shareholder value and improve fund management efficiency while adhering to tax-free reorganization guidelines under the U.S. Internal Revenue Code.

Form Type: 497K

Filing Date: 2025-03-03

Corporate Action: Merger

Type: Update

Accession Number: 000119312525042933

Filing Summary: On March 3, 2025, JPMorgan Trust IV, on behalf of the JPMorgan International Hedged Equity Fund, announced the Reorganization of the Fund into an exchange-traded fund (ETF), the JPMorgan International Hedged Equity Laddered Overlay ETF, effective July 11, 2025. This decision was made by the Board of Trustees at a meeting held on February 11-13, 2025, where they determined that the Reorganization is in the best interests of the Fund without diluting existing shareholders' interests. The Fund will undergo liquidation post-Reorganization. The new ETF structure is expected to offer reduced expenses, enhanced trading flexibility, and greater transparency. Shareholders will receive ETF shares corresponding to their current holdings, plus any fractional shares in cash. Conditions for participation in the Reorganization include holding shares through an accommodating brokerage account. New accounts through the Distributor will not be established from March 1, 2025, and certain fees will be waived for Class A and C Shares. Key dates for purchasing or redeeming Fund shares are set, with shareholder communications to follow providing further details on the Reorganization process.