NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
To assist you in preparing your 2025 Income Tax returns, we are pleased
to provide this distribution notice for your J.P. Morgan Fund investment.
If you are unclear about any of the information in this distribution notice,
please call 1-800-480-4111. We also recommend you consult your tax
advisor with specific questions about your 2025 return.
We appreciate the trust you have placed in us and look forward to
serving your investment needs in the future.
Tax-Exempt Income Distributions: Exemptions from
Federal and State Taxes
Please note tax-exempt income dividends paid by the tax-free funds are
exempt from Federal Income Tax and will be reported on Form 1099-
DIV. While still exempt from Federal Income Tax, such amounts will be
reported to the Internal Revenue Service. Box 12 of Form 1099-DIV shows
your tax-exempt income dividends.
A portion of your income distributions may also be exempt from state
income tax. You will need to utilize the state-specific percentages
presented in the “Tax-Exempt Income Distribution Information” table to
determine this amount. Please consult your tax advisor regarding the
tax status of fund distributions in your state.
JPMorgan California Municipal Money Market Fund and the
JPMorgan California Tax Free Bond Fund have met the quarterly 50%
asset test requirements to exempt California tax-exempt income
distributions from California taxable income.
In addition, check with your tax advisor to see if your state exempts interest
earned from U.S. possessions, such as Puerto Rico.
Important Alternative Minimum Tax Information
The percentage of your total tax-exempt income dividends subject to
the Alternative Minimum Tax is shown under “Amount Subject to AMT” at
the bottom of the “Tax-Exempt Income Distribution Information” table.
In addition, any tax-exempt income distributions subject to the AMT are
shown in Box 13 of your 1099-DIV.
Important State Tax Information
Depending on the state in which you reside, you may be able to
deduct the interest earned on certain government securities on your
state income tax return. (Government securities held in your fund
earned interest that was subsequently paid to you in the form of
ordinary dividends.) If the tax law of your state of residence provides
an exemption, multiply the ordinary dividends reported in Box 1a of
Form 1099-DIV by the respective percentage shown in the “Taxable
Investment Income” table.
J.P. Morgan Funds
2025 Distribution Notice
JPMorgan 100% U.S Treasury Securities Money Market Fund, JPMorgan
Federal Money Market Fund, JPMorgan U.S. Government Money Market
Fund and JPMorgan U.S. Treasury Plus Money Market Fund have
met the quarterly 50% asset threshold requirements of California,
Connecticut and New York to deduct dividends attributable to interest
earned from government securities.
JPMorgan California Municipal Money Market Fund and JPMorgan
California Tax Free Bond Fund have met the quarterly 50% asset
threshold requirements of California to deduct dividends attributable to
interest earned from government securities, if any.
To determine the tax status of distributions in your state, consult your
tax advisor.
Qualified Dividend Income
Shareholders should note that a percentage of ordinary dividends
(including short-term capital gains) may be eligible for reduced tax
rates as “qualified dividend income” (QDI). The percentages are
presented in the “Qualified Dividend Income” table. Box 1b of Form
1099-DIV shows your qualified dividends.
Foreign Tax Credits
Some of the J.P. Morgan Funds made an election, which may allow you
to receive the benefit of a foreign tax credit with respect to foreign taxes
paid by the funds. As a result of making this election, monies that were
paid out by the funds as foreign taxes must be included in calculating
gross income. Foreign taxes paid are shown in Box 7 of your Form 1099-
DIV. Accordingly, the total ordinary dividends reported in Box 1a of Form
1099-DIV includes dividends paid plus foreign taxes paid. In computing
your U.S. income tax liability, you may be entitled to either a foreign tax
credit or an itemized deduction for the foreign taxes paid. Generally, it
will be more advantageous to claim this amount as a credit. If you are
required to file Form 1116, Foreign Tax Credit, Foreign Source Income
and Foreign Qualified Dividend Income can be calculated by multiplying
the amount in Box 1a of Form 1099–DIV by the respective percentages
shown in the “Foreign Source Income” table. Please contact your tax
advisor for further information.
Corporate Dividends Received Deduction and Section
163(j) Interest Related Dividends
Corporate shareholders should note that a percentage of ordinary
dividends (including short-term capital gains) may be eligible for the
corporate dividends received deduction. Additionally, a portion of the
dividends may be designated as Section 163(j) Interest Related Dividends.
The percentages are presented in the “Corporate Dividends Received
Deduction” and “Section 163(j) Interest Related Dividends” tables.
Disclaimer/Legal Information
J.P.Morgan Funds, J.P.Morgan Chase & Co. and its affiliates do not provide tax advice. The information is provided for general educational purposes only. The information
is not to be relied upon for legal or tax advice. Investors should consult with their legal or tax advisors for personalized assistance, including information regarding any
specific state law requirements.
If you are a person with a disability and need additional support in viewing the material, please call us at 1-800-343-1113 for assistance.
J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co., and its affiliates worldwide. JPMorgan Funds are
distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various
services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA.
Tax-Exempt Income Distribution Information
JPMorgan California
Municipal Money
Market Fund
JPMorgan
California Tax Free
Bond Fund
JPMorgan
Institutional Tax Free
Money Market Fund
JPMorgan
Municipal Money
Market Fund
JPMorgan National
Municipal Income
Fund
JPMorgan
New York Municipal
Money Market Fund
Alabama
2.04%
0.43%
2.15%
2.01%
0.01%
Alaska
0.17%
2.80%
1.17%
0.21%
Arizona
0.16%
2.65%
0.42%
2.33%
Arkansas
0.01%
1.33%
California
99.24%
83.35%
3.78%
5.51%
7.83%
0.01%
Colorado
0.14%
2.35%
3.69%
4.12%
Connecticut
0.15%
2.42%
0.93%
0.92%
Delaware
0.01%
0.04%
0.08%
District of Columbia
0.09%
1.50%
1.45%
1.56%
Florida
0.53%
7.20%
9.43%
2.55%
Georgia
2.26%
2.09%
6.77%
5.01%
Guam
0.11%
0.14%
0.02%
0.01%
0.06%
Hawaii
0.01%
0.14%
0.82%
0.01%
Idaho
0.17%
0.21%
0.21%
0.48%
Illinois
0.56%
5.49%
3.95%
8.57%
Indiana
0.03%
0.53%
1.15%
1.61%
Iowa
0.37%
2.02%
1.01%
0.31%
Kansas
0.01%
0.14%
0.05%
0.59%
Kentucky
0.52%
1.46%
3.84%
1.49%
Louisiana
0.13%
2.18%
1.81%
0.67%
Maine
0.04%
0.03%
0.02%
Maryland
0.03%
0.52%
1.92%
1.41%
Massachusetts
0.04%
0.61%
1.80%
0.92%
Michigan
0.12%
1.89%
1.08%
0.97%
Minnesota
0.05%
0.78%
0.88%
0.62%
Mississippi
0.24%
3.91%
1.20%
1.41%
Missouri
0.26%
4.19%
0.10%
0.86%
Montana
0.02%
0.16%
0.18%
Nebraska
0.08%
1.22%
0.44%
0.82%
Nevada
0.07%
0.21%
0.26%
New Hampshire
0.01%
0.14%
0.19%
0.60%
New Jersey
0.02%
0.27%
4.60%
3.26%
New Mexico
0.01%
0.24%
0.17%
0.06%
New York
1.17%
18.94%
17.34%
18.22%
99.38%
North Carolina
0.24%
0.39%
0.38%
1.58%
North Dakota
0.06%
0.12%
0.05%
Ohio
1.09%
3.52%
1.62%
3.11%
Oklahoma
0.02%
0.38%
0.20%
0.09%
Oregon
0.03%
0.52%
1.74%
0.55%
Pennsylvania
0.67%
4.99%
3.22%
3.63%
Puerto Rico
0.62%
1.94%
0.26%
0.35%
1.84%
0.53%
Rhode Island
0.01%
0.10%
0.12%
0.34%
South Carolina
0.01%
0.14%
0.49%
0.35%
0.01%
South Dakota
0.50%
0.54%
0.01%
0.07%
Tennessee
0.20%
3.23%
1.42%
5.91%
Texas
0.70%
8.89%
10.17%
6.46%
US Virgin Islands
0.03%
0.01%
Utah
0.33%
0.14%
0.71%
1.75%
Vermont
0.01%
0.09%
0.01%
Virginia
0.17%
2.77%
0.71%
0.69%
Washington
0.05%
0.86%
1.56%
1.60%
West Virginia
0.02%
0.07%
0.09%
Wisconsin
1.17%
2.82%
1.24%
1.14%
Wyoming
0.79%
TOTAL
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
Amount Subject to AMT
8.02%
10.44%
0.00%
42.32%
11.56%
10.12%
Percentages apply to all share classes of the fund.
Tax-Exempt Income Distribution Information
JPMorgan
New York Tax Free
Bond Fund
JPMorgan
Short-Intermediate
Municipal Bond Fund
JPMorgan
Tax Aware Real
Return Fund
JPMorgan
Tax Free
Bond Fund
JPMorgan
Tax Free Money
Market Fund
JPMorgan
Ultra-Short
Municipal Fund
Alabama
1.10%
3.17%
2.57%
2.19%
1.09%
2.55%
Alaska
0.10%
0.25%
0.39%
0.50%
0.43%
0.39%
Arizona
0.10%
3.43%
3.39%
2.32%
1.40%
2.27%
Arkansas
0.28%
0.15%
0.22%
0.01%
California
2.13%
3.18%
6.19%
10.27%
4.70%
1.47%
Colorado
0.09%
2.04%
2.27%
2.86%
1.17%
2.02%
Connecticut
0.09%
0.48%
1.00%
0.37%
1.71%
1.11%
Delaware
0.20%
0.04%
0.30%
District of Columbia
0.05%
1.81%
0.60%
2.16%
1.57%
0.98%
Florida
0.35%
2.78%
3.47%
3.22%
4.84%
3.79%
Georgia
2.57%
3.78%
3.95%
4.85%
4.73%
0.97%
Guam
0.13%
0.05%
0.07%
0.05%
0.02%
0.01%
Hawaii
0.01%
0.01%
0.01%
0.01%
0.03%
0.03%
Idaho
0.01%
0.01%
0.28%
0.42%
0.17%
0.08%
Illinois
0.41%
9.15%
5.89%
5.34%
5.56%
4.89%
Indiana
0.02%
1.27%
1.60%
1.06%
1.24%
1.81%
Iowa
0.17%
0.21%
0.37%
0.31%
1.66%
2.20%
Kansas
0.01%
1.02%
0.28%
0.17%
0.72%
Kentucky
0.88%
1.46%
0.79%
0.59%
2.27%
0.66%
Louisiana
0.08%
0.90%
2.06%
1.99%
2.06%
1.37%
Maine
0.09%
0.14%
0.21%
0.11%
0.34%
Maryland
0.02%
0.54%
0.72%
0.73%
1.04%
0.27%
Massachusetts
0.02%
0.78%
3.19%
2.41%
2.38%
3.94%
Michigan
0.07%
0.50%
0.34%
1.86%
1.67%
3.24%
Minnesota
0.03%
0.34%
0.68%
0.20%
4.38%
0.21%
Mississippi
0.14%
1.03%
0.24%
0.44%
1.89%
1.36%
Missouri
0.15%
3.33%
0.95%
1.18%
3.00%
1.82%
Montana
0.17%
0.02%
0.05%
Nebraska
0.04%
1.18%
0.23%
1.52%
1.47%
0.33%
Nevada
0.29%
1.20%
0.12%
0.37%
0.24%
0.38%
New Hampshire
0.01%
0.11%
0.44%
0.57%
1.11%
0.13%
New Jersey
0.01%
4.34%
2.54%
3.85%
5.70%
11.92%
New Mexico
0.01%
0.86%
0.74%
0.36%
0.10%
0.12%
New York
85.28%
8.83%
13.40%
12.52%
13.77%
18.07%
North Carolina
0.26%
2.33%
1.56%
1.84%
0.83%
1.48%
North Dakota
0.19%
0.04%
0.19%
0.06%
0.01%
Ohio
0.97%
3.08%
3.72%
3.57%
2.54%
4.94%
Oklahoma
0.01%
2.71%
1.25%
0.66%
0.38%
0.63%
Oregon
0.02%
0.10%
1.73%
1.41%
1.14%
0.24%
Pennsylvania
0.52%
7.93%
4.58%
4.52%
2.59%
5.39%
Puerto Rico
1.95%
0.71%
1.56%
1.46%
0.27%
0.02%
Rhode Island
0.01%
0.59%
0.31%
0.43%
0.49%
South Carolina
0.01%
1.50%
0.59%
0.82%
0.84%
1.26%
South Dakota
0.23%
0.31%
0.23%
0.02%
0.10%
0.05%
Tennessee
0.12%
2.46%
5.20%
3.79%
0.99%
0.88%
Texas
0.80%
12.78%
10.00%
7.90%
13.92%
6.90%
US Virgin Islands
0.01%
Utah
0.01%
0.62%
0.68%
0.86%
0.09%
0.10%
Vermont
0.01%
0.05%
0.01%
0.01%
Virginia
0.10%
1.90%
2.59%
1.03%
0.90%
3.83%
Washington
0.03%
3.65%
3.85%
2.14%
1.37%
1.79%
West Virginia
0.13%
0.11%
0.04%
0.16%
Wisconsin
0.60%
1.14%
2.63%
4.14%
1.35%
2.06%
Wyoming
0.23%
0.15%
TOTAL
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
Amount Subject to AMT
6.55%
7.58%
11.27%
12.04%
7.33%
4.76%
Percentages apply to all share classes of the fund.
Sources of Taxable Investment Income
1
Fund
Government
Income
FHLMC
Income
GNMA/
FNMA
Income
REPO
Income
Other
Income
Taxable
Income
2
Tax-Free
Income
3
JPMorgan 100% U.S. Treasury Securities Money Market Fund
97.24%
2.76%
100.00%
JPMorgan California Municipal Money Market Fund
5.61%
94.39%
0.10%
99.90%
JPMorgan California Tax Free Bond Fund
100.00%
1.30%
98.70%
JPMorgan Core Bond Fund
21.44%
4.87%
19.64%
54.05%
100.00%
JPMorgan Core Bond Trust
27.70%
3.86%
18.95%
49.49%
100.00%
JPMorgan Core Plus Bond Fund
6.64%
11.99%
15.12%
66.25%
100.00%
JPMorgan Corporate Bond Fund
0.56%
99.44%
100.00%
JPMorgan Diversified Fund
8.11%
1.49%
3.41%
86.99%
100.00%
JPMorgan Emerging Markets Debt Fund
0.19%
99.81%
100.00%
JPMorgan Federal Money Market Fund
95.37%
4.63%
100.00%
JPMorgan Global Allocation Fund
1.48%
0.39%
0.13%
98.00%
100.00%
JPMorgan Global Bond Opportunities Fund
0.50%
2.82%
96.68%
100.00%
JPMorgan Government Bond Fund
35.96%
18.24%
41.53%
4.27%
100.00%
JPMorgan High Yield Fund
0.81%
99.19%
100.00%
JPMorgan Income Builder Fund
0.60%
1.72%
0.20%
97.48%
100.00%
JPMorgan Income Fund
14.26%
16.57%
69.17%
100.00%
JPMorgan Institutional Tax Free Money Market Fund
100.00%
0.21%
99.79%
JPMorgan Liquid Assets Money Market Fund
2.23%
16.49%
81.28%
100.00%
JPMorgan Managed Income Fund
3.00%
1.17%
95.83%
100.00%
JPMorgan Mortgage-Backed Securities Fund
2.85%
10.66%
50.99%
35.50%
100.00%
JPMorgan Municipal Money Market Fund
43.64%
56.36%
0.08%
99.92%
JPMorgan National Municipal Income Fund
100.00%
1.67%
98.33%
JPMorgan New York Municipal Money Market Fund
100.00%
0.01%
99.99%
JPMorgan New York Tax Free Bond Fund
100.00%
1.19%
98.81%
JPMorgan Prime Money Market Fund
2.84%
23.11%
74.05%
100.00%
JPMorgan Securities Lending Money Market Fund
26.48%
0.20%
0.38%
72.91%
0.03%
100.00%
JPMorgan Short Duration Bond Fund
18.83%
9.28%
13.72%
58.17%
100.00%
JPMorgan Short Duration Core Plus Fund
9.82%
12.94%
10.85%
66.39%
100.00%
JPMorgan Short-Intermediate Municipal Bond Fund
0.80%
99.20%
0.09%
99.91%
JPMorgan SmartRetirement 2030 Fund
0.08%
99.92%
100.00%
JPMorgan SmartRetirement 2035 Fund
0.09%
99.91%
100.00%
JPMorgan SmartRetirement 2040 Fund
0.09%
99.91%
100.00%
JPMorgan SmartRetirement 2045 Fund
0.10%
99.90%
100.00%
JPMorgan SmartRetirement 2050 Fund
0.10%
99.90%
100.00%
JPMorgan SmartRetirement 2055 Fund
0.11%
99.89%
100.00%
JPMorgan SmartRetirement 2060 Fund
0.11%
99.89%
100.00%
JPMorgan SmartRetirement 2065 Fund
0.15%
99.85%
100.00%
JPMorgan SmartRetirement Blend 2020 Fund
9.13%
2.58%
10.24%
78.05%
100.00%
JPMorgan SmartRetirement Blend 2025 Fund
8.75%
2.17%
7.46%
81.62%
100.00%
JPMorgan SmartRetirement Blend 2030 Fund
8.61%
2.07%
6.19%
83.13%
100.00%
JPMorgan SmartRetirement Blend 2035 Fund
2.28%
0.63%
2.05%
95.04%
100.00%
Taxable Investment Income
1
Apply percentage to Box 1a of Form 1099-DIV.
2
Represents taxable ordinary dividends (excludes short-term capital gain dividends, if any).
3
See Box 12 of Form 1099-DIV.
Percentages apply to all share classes of the fund.
Sources of Taxable Investment Income
1
Fund
Government
Income
FHLMC
Income
GNMA/
FNMA
Income
REPO
Income
Other
Income
Taxable
Income
2
Tax-Free
Income
3
JPMorgan SmartRetirement Blend 2040 Fund
0.19%
99.81%
100.00%
JPMorgan SmartRetirement Blend 2045 Fund
0.20%
99.80%
100.00%
JPMorgan SmartRetirement Blend 2050 Fund
0.19%
99.81%
100.00%
JPMorgan SmartRetirement Blend 2055 Fund
0.20%
99.80%
100.00%
JPMorgan SmartRetirement Blend 2060 Fund
0.20%
99.80%
100.00%
JPMorgan SmartRetirement Blend 2065 Fund
0.31%
99.69%
100.00%
JPMorgan SmartRetirement Blend Income Fund
10.10%
2.16%
7.50%
80.24%
100.00%
JPMorgan Strategic Income Opportunities Fund
3.43%
1.22%
0.21%
0.61%
94.53%
100.00%
JPMorgan Tax Aware Real Return Fund
100.00%
2.67%
97.33%
JPMorgan Tax Free Bond Fund
100.00%
0.52%
99.48%
JPMorgan Tax Free Money Market Fund
63.39%
36.61%
0.08%
99.92%
JPMorgan Total Return Fund
11.21%
0.27%
1.61%
86.91%
100.00%
JPMorgan U.S. Government Money Market Fund
55.73%
0.01%
0.64%
40.40%
3.22%
100.00%
JPMorgan U.S. Treasury Plus Money Market Fund
53.29%
43.77%
2.94%
100.00%
JPMorgan Ultra-Short Municipal Fund
100.00%
0.14%
99.86%
JPMorgan Unconstrained Debt Fund
1.82%
4.88%
93.30%
100.00%
Taxable Investment Income
1
Apply percentage to Box 1a of Form 1099-DIV.
2
Represents taxable ordinary dividends (excludes short-term capital gain dividends, if any).
3
See Box 12 of Form 1099-DIV.
Percentages apply to all share classes of the fund.
Fund
Qualified Dividend Income
JPMorgan Developed International Value Fund
69.29%
JPMorgan Diversified Fund
18.29%
JPMorgan Emerging Markets Equity Fund
71.25%
JPMorgan Emerging Markets Research Enhanced Equity Fund
40.92%
JPMorgan Equity Income Fund
100.00%
JPMorgan Equity Index Fund
95.04%
JPMorgan Equity Premium Income Fund
16.33%
JPMorgan Europe Dynamic Fund
63.21%
JPMorgan Global Allocation Fund
18.02%
JPMorgan Hedged Equity 2 Fund
100.00%
JPMorgan Hedged Equity 3 Fund
100.00%
JPMorgan Hedged Equity Fund
100.00%
JPMorgan Income Builder Fund
17.84%
JPMorgan International Equity Fund
73.76%
JPMorgan International Focus Fund
65.77%
JPMorgan Investor Balanced Fund
21.64%
JPMorgan Investor Conservative Growth Fund
11.40%
JPMorgan Investor Growth & Income Fund
33.07%
JPMorgan Investor Growth Fund
58.20%
JPMorgan Large Cap Growth Fund
100.00%
JPMorgan Large Cap Value Fund
60.31%
JPMorgan Mid Cap Equity Fund
100.00%
JPMorgan Mid Cap Growth Fund
49.42%
JPMorgan Mid Cap Value Fund
100.00%
JPMorgan Preferred and Income Securities Fund
79.49%
JPMorgan Research Market Neutral Fund
38.20%
JPMorgan Small Cap Blend Fund
100.00%
JPMorgan Small Cap Equity Fund
82.40%
JPMorgan Small Cap Growth Fund
10.59%
JPMorgan Small Cap Value Fund
75.33%
JPMorgan SmartRetirement 2020 Fund
6.08%
JPMorgan SmartRetirement 2025 Fund
16.34%
JPMorgan SmartRetirement 2030 Fund
21.46%
JPMorgan SmartRetirement 2035 Fund
27.21%
JPMorgan SmartRetirement 2040 Fund
34.70%
JPMorgan SmartRetirement 2045 Fund
40.43%
JPMorgan SmartRetirement 2050 Fund
45.29%
JPMorgan SmartRetirement 2055 Fund
45.56%
JPMorgan SmartRetirement 2060 Fund
46.33%
JPMorgan SmartRetirement 2065 Fund
44.14%
JPMorgan SmartRetirement Blend 2020 Fund
8.91%
JPMorgan SmartRetirement Blend 2025 Fund
17.36%
JPMorgan SmartRetirement Blend 2030 Fund
24.84%
Qualified Dividend Income
Percentages apply to all share classes of the fund.
Fund
Qualified Dividend Income
JPMorgan SmartRetirement Blend 2035 Fund
31.76%
JPMorgan SmartRetirement Blend 2040 Fund
40.53%
JPMorgan SmartRetirement Blend 2045 Fund
47.58%
JPMorgan SmartRetirement Blend 2050 Fund
50.53%
JPMorgan SmartRetirement Blend 2055 Fund
50.78%
JPMorgan SmartRetirement Blend 2060 Fund
48.73%
JPMorgan SmartRetirement Blend 2065 Fund
40.16%
JPMorgan SmartRetirement Blend Income Fund
16.87%
JPMorgan SmartRetirement Income Fund
15.91%
JPMorgan SMID Cap Equity Fund
69.30%
JPMorgan U.S. Applied Data Science Value Fund
98.13%
JPMorgan U.S. Equity Fund
47.25%
JPMorgan U.S. GARP Equity Fund
42.49%
JPMorgan U.S. Large Cap Core Plus Fund
100.00%
JPMorgan U.S. Research Enhanced Equity Fund
54.63%
JPMorgan U.S. Small Company Fund
100.00%
JPMorgan U.S. Sustainable Leaders Fund
31.95%
JPMorgan U.S. Value Fund
100.00%
JPMorgan Value Advantage Fund
100.00%
Undiscovered Managers Behavioral Value Fund
73.82%
Qualified Dividend Income
Percentages apply to all share classes of the fund.
Fund
Foreign Source Income
Foreign Qualified Dividend Income
JPMorgan Developed International Value Fund-A
66.56%
66.56%
JPMorgan Developed International Value Fund-C
66.68%
66.68%
JPMorgan Developed International Value Fund-I
66.38%
66.38%
JPMorgan Developed International Value Fund-L
66.38%
66.38%
JPMorgan Developed International Value Fund-R2
66.83%
66.83%
JPMorgan Developed International Value Fund-R5
66.34%
66.34%
JPMorgan Developed International Value Fund-R6
66.31%
66.31%
JPMorgan Emerging Markets Equity Fund-A
67.35%
67.35%
JPMorgan Emerging Markets Equity Fund-C
65.24%
65.24%
JPMorgan Emerging Markets Equity Fund-I
67.99%
67.99%
JPMorgan Emerging Markets Equity Fund-L
68.21%
68.21%
JPMorgan Emerging Markets Equity Fund-R2
66.78%
66.78%
JPMorgan Emerging Markets Equity Fund-R3
65.47%
65.47%
JPMorgan Emerging Markets Equity Fund-R4
67.75%
67.75%
JPMorgan Emerging Markets Equity Fund-R5
68.03%
68.03%
JPMorgan Emerging Markets Equity Fund-R6
68.31%
68.31%
JPMorgan Emerging Markets Research Enhanced Equity Fund-I
70.19%
40.90%
JPMorgan Emerging Markets Research Enhanced Equity Fund-R6
70.22%
40.90%
JPMorgan International Equity Fund-A
72.33%
72.33%
JPMorgan International Equity Fund-C
72.30%
72.30%
JPMorgan International Equity Fund-I
72.37%
72.37%
JPMorgan International Equity Fund-R2
72.23%
72.23%
JPMorgan International Equity Fund-R5
72.40%
72.40%
JPMorgan International Equity Fund-R6
72.48%
72.48%
JPMorgan International Focus Fund-A
70.75%
65.77%
JPMorgan International Focus Fund-C
71.44%
65.77%
JPMorgan International Focus Fund-I
70.58%
65.77%
JPMorgan International Focus Fund-R2
71.08%
65.77%
JPMorgan International Focus Fund-R5
70.50%
65.77%
JPMorgan International Focus Fund-R6
70.43%
65.77%
JPMorgan Investor Balanced Fund-A
5.94%
5.94%
JPMorgan Investor Balanced Fund-C
6.04%
6.04%
JPMorgan Investor Balanced Fund-I
5.91%
5.91%
JPMorgan Investor Balanced Fund-R6
5.83%
5.83%
JPMorgan Investor Conservative Growth Fund-A
4.06%
4.06%
JPMorgan Investor Conservative Growth Fund-C
4.14%
4.14%
JPMorgan Investor Conservative Growth Fund-I
4.03%
4.03%
JPMorgan Investor Conservative Growth Fund-R6
3.94%
3.94%
JPMorgan Investor Growth & Income Fund-A
9.32%
9.32%
JPMorgan Investor Growth & Income Fund-C
9.52%
9.52%
JPMorgan Investor Growth & Income Fund-I
9.24%
9.24%
JPMorgan Investor Growth & Income Fund-R6
9.18%
9.18%
JPMorgan Investor Growth Fund-A
18.61%
18.61%
JPMorgan Investor Growth Fund-C
18.98%
18.98%
JPMorgan Investor Growth Fund-I
18.41%
18.41%
Foreign Source Income
Foreign Source Income
Fund
Foreign Source Income
Foreign Qualified Dividend Income
JPMorgan Investor Growth Fund-R6
18.25%
18.25%
JPMorgan SmartRetirement 2020 Fund-A
10.50%
3.25%
JPMorgan SmartRetirement 2020 Fund-C
12.66%
3.25%
JPMorgan SmartRetirement 2020 Fund-I
10.13%
3.25%
JPMorgan SmartRetirement 2020 Fund-R2
11.44%
3.25%
JPMorgan SmartRetirement 2020 Fund-R3
10.71%
3.25%
JPMorgan SmartRetirement 2020 Fund-R4
10.11%
3.25%
JPMorgan SmartRetirement 2020 Fund-R5
9.87%
3.25%
JPMorgan SmartRetirement 2020 Fund-R6
9.69%
3.25%
JPMorgan SmartRetirement 2025 Fund-A
8.69%
7.71%
JPMorgan SmartRetirement 2025 Fund-C
9.01%
7.71%
JPMorgan SmartRetirement 2025 Fund-I
8.62%
7.71%
JPMorgan SmartRetirement 2025 Fund-R2
8.79%
7.71%
JPMorgan SmartRetirement 2025 Fund-R3
8.71%
7.71%
JPMorgan SmartRetirement 2025 Fund-R4
8.62%
7.71%
JPMorgan SmartRetirement 2025 Fund-R5
8.57%
7.71%
JPMorgan SmartRetirement 2025 Fund-R6
8.54%
7.71%
JPMorgan SmartRetirement 2030 Fund-A
10.69%
9.75%
JPMorgan SmartRetirement 2030 Fund-C
10.83%
9.75%
JPMorgan SmartRetirement 2030 Fund-I
10.74%
9.75%
JPMorgan SmartRetirement 2030 Fund-R2
10.79%
9.75%
JPMorgan SmartRetirement 2030 Fund-R3
10.78%
9.75%
JPMorgan SmartRetirement 2030 Fund-R4
10.74%
9.75%
JPMorgan SmartRetirement 2030 Fund-R5
10.72%
9.75%
JPMorgan SmartRetirement 2030 Fund-R6
10.72%
9.75%
JPMorgan SmartRetirement 2035 Fund-A
14.14%
12.93%
JPMorgan SmartRetirement 2035 Fund-C
14.19%
12.93%
JPMorgan SmartRetirement 2035 Fund-I
14.30%
12.93%
JPMorgan SmartRetirement 2035 Fund-R2
14.20%
12.93%
JPMorgan SmartRetirement 2035 Fund-R3
14.28%
12.93%
JPMorgan SmartRetirement 2035 Fund-R4
14.34%
12.93%
JPMorgan SmartRetirement 2035 Fund-R5
14.34%
12.93%
JPMorgan SmartRetirement 2035 Fund-R6
14.37%
12.93%
JPMorgan SmartRetirement 2040 Fund-A
18.05%
16.54%
JPMorgan SmartRetirement 2040 Fund-C
17.93%
16.54%
JPMorgan SmartRetirement 2040 Fund-I
18.32%
16.54%
JPMorgan SmartRetirement 2040 Fund-R2
18.11%
16.54%
JPMorgan SmartRetirement 2040 Fund-R3
18.19%
16.54%
JPMorgan SmartRetirement 2040 Fund-R4
18.32%
16.54%
JPMorgan SmartRetirement 2040 Fund-R5
18.37%
16.54%
JPMorgan SmartRetirement 2040 Fund-R6
18.41%
16.54%
JPMorgan SmartRetirement 2045 Fund-A
20.98%
19.35%
JPMorgan SmartRetirement 2045 Fund-C
20.62%
19.35%
JPMorgan SmartRetirement 2045 Fund-I
21.39%
19.35%
JPMorgan SmartRetirement 2045 Fund-R2
20.95%
19.35%
Foreign Source Income
Fund
Foreign Source Income
Foreign Qualified Dividend Income
JPMorgan SmartRetirement 2045 Fund-R3
21.23%
19.35%
JPMorgan SmartRetirement 2045 Fund-R4
21.46%
19.35%
JPMorgan SmartRetirement 2045 Fund-R5
21.50%
19.35%
JPMorgan SmartRetirement 2045 Fund-R6
21.59%
19.35%
JPMorgan SmartRetirement 2050 Fund-A
23.38%
21.65%
JPMorgan SmartRetirement 2050 Fund-C
22.83%
21.65%
JPMorgan SmartRetirement 2050 Fund-I
23.92%
21.65%
JPMorgan SmartRetirement 2050 Fund-R2
23.32%
21.65%
JPMorgan SmartRetirement 2050 Fund-R3
23.58%
21.65%
JPMorgan SmartRetirement 2050 Fund-R4
23.93%
21.65%
JPMorgan SmartRetirement 2050 Fund-R5
24.03%
21.65%
JPMorgan SmartRetirement 2050 Fund-R6
24.15%
21.65%
JPMorgan SmartRetirement 2055 Fund-A
23.56%
21.78%
JPMorgan SmartRetirement 2055 Fund-C
23.00%
21.78%
JPMorgan SmartRetirement 2055 Fund-I
24.07%
21.78%
JPMorgan SmartRetirement 2055 Fund-R2
23.46%
21.78%
JPMorgan SmartRetirement 2055 Fund-R3
23.70%
21.78%
JPMorgan SmartRetirement 2055 Fund-R4
24.06%
21.78%
JPMorgan SmartRetirement 2055 Fund-R5
24.17%
21.78%
JPMorgan SmartRetirement 2055 Fund-R6
24.28%
21.78%
JPMorgan SmartRetirement 2060 Fund-A
24.23%
22.12%
JPMorgan SmartRetirement 2060 Fund-C
24.13%
22.12%
JPMorgan SmartRetirement 2060 Fund-I
25.03%
22.12%
JPMorgan SmartRetirement 2060 Fund-R2
24.62%
22.12%
JPMorgan SmartRetirement 2060 Fund-R3
24.67%
22.12%
JPMorgan SmartRetirement 2060 Fund-R4
25.00%
22.12%
JPMorgan SmartRetirement 2060 Fund-R5
25.11%
22.12%
JPMorgan SmartRetirement 2060 Fund-R6
25.19%
22.12%
JPMorgan SmartRetirement 2065 Fund-A
24.50%
21.63%
JPMorgan SmartRetirement 2065 Fund-C
25.88%
21.63%
JPMorgan SmartRetirement 2065 Fund-I
26.14%
21.63%
JPMorgan SmartRetirement 2065 Fund-R2
25.93%
21.63%
JPMorgan SmartRetirement 2065 Fund-R4
26.04%
21.63%
JPMorgan SmartRetirement 2065 Fund-R5
26.18%
21.63%
JPMorgan SmartRetirement 2065 Fund-R6
26.26%
21.63%
JPMorgan SmartRetirement Income Fund-A
8.26%
7.40%
JPMorgan SmartRetirement Income Fund-C
8.35%
7.40%
JPMorgan SmartRetirement Income Fund-I
8.25%
7.40%
JPMorgan SmartRetirement Income Fund-R2
8.30%
7.40%
JPMorgan SmartRetirement Income Fund-R3
8.28%
7.40%
JPMorgan SmartRetirement Income Fund-R4
8.25%
7.40%
JPMorgan SmartRetirement Income Fund-R5
8.23%
7.40%
JPMorgan SmartRetirement Income Fund-R6
8.23%
7.40%
Fund
Dividends Received Deduction
JPMorgan Diversified Fund
8.85%
JPMorgan Equity Income Fund
100.00%
JPMorgan Equity Index Fund
91.88%
JPMorgan Equity Premium Income Fund
14.99%
JPMorgan Global Allocation Fund
8.61%
JPMorgan Hedged Equity 2 Fund
100.00%
JPMorgan Hedged Equity 3 Fund
100.00%
JPMorgan Hedged Equity Fund
100.00%
JPMorgan Income Builder Fund
8.52%
JPMorgan Investor Balanced Fund
13.56%
JPMorgan Investor Conservative Growth Fund
6.47%
JPMorgan Investor Growth & Income Fund
20.42%
JPMorgan Investor Growth Fund
32.33%
JPMorgan Large Cap Growth Fund
100.00%
JPMorgan Large Cap Value Fund
57.89%
JPMorgan Mid Cap Equity Fund
100.00%
JPMorgan Mid Cap Growth Fund
48.64%
JPMorgan Mid Cap Value Fund
100.00%
JPMorgan Preferred and Income Securities Fund
39.21%
JPMorgan Research Market Neutral Fund
34.38%
JPMorgan Small Cap Blend Fund
100.00%
JPMorgan Small Cap Equity Fund
82.50%
JPMorgan Small Cap Growth Fund
10.44%
JPMorgan Small Cap Value Fund
74.05%
JPMorgan SmartRetirement 2025 Fund
7.77%
JPMorgan SmartRetirement 2030 Fund
10.54%
JPMorgan SmartRetirement 2035 Fund
13.20%
JPMorgan SmartRetirement 2040 Fund
16.70%
JPMorgan SmartRetirement 2045 Fund
19.46%
JPMorgan SmartRetirement 2050 Fund
21.78%
JPMorgan SmartRetirement 2055 Fund
21.88%
JPMorgan SmartRetirement 2060 Fund
22.32%
JPMorgan SmartRetirement 2065 Fund
20.87%
JPMorgan SmartRetirement Blend 2020 Fund
6.36%
JPMorgan SmartRetirement Blend 2025 Fund
8.30%
JPMorgan SmartRetirement Blend 2030 Fund
11.61%
JPMorgan SmartRetirement Blend 2035 Fund
14.77%
JPMorgan SmartRetirement Blend 2040 Fund
18.92%
JPMorgan SmartRetirement Blend 2045 Fund
22.10%
JPMorgan SmartRetirement Blend 2050 Fund
23.62%
JPMorgan SmartRetirement Blend 2055 Fund
23.57%
JPMorgan SmartRetirement Blend 2060 Fund
22.52%
JPMorgan SmartRetirement Blend 2065 Fund
15.23%
JPMorgan SmartRetirement Blend Income Fund
7.80%
JPMorgan SmartRetirement Income Fund
7.59%
JPMorgan SMID Cap Equity Fund
66.84%
JPMorgan U.S. Applied Data Science Value Fund
93.82%
JPMorgan U.S. Equity Fund
43.22%
JPMorgan U.S. GARP Equity Fund
39.74%
JPMorgan U.S. Large Cap Core Plus Fund
100.00%
JPMorgan U.S. Research Enhanced Equity Fund
51.05%
JPMorgan U.S. Small Company Fund
100.00%
JPMorgan U.S. Sustainable Leaders Fund
28.79%
JPMorgan U.S. Value Fund
100.00%
JPMorgan Value Advantage Fund
100.00%
Undiscovered Managers Behavioral Value Fund
72.15%
Corporate Dividends Received Deduction
Percentages apply to all share classes of the fund.
Fund
Section 163(j) Interest Related Dividends
JPMorgan 100% U.S. Treasury Securities Money Market Fund
100.00%
JPMorgan Federal Money Market Fund
99.97%
JPMorgan Liquid Assets Money Market Fund
100.00%
JPMorgan Prime Money Market Fund
100.00%
JPMorgan Securities Lending Money Market Fund
99.98%
JPMorgan U.S. Government Money Market Fund
100.00%
JPMorgan U.S. Treasury Plus Money Market Fund
100.00%
Section 163(j) Interest Related Dividends
Percentages apply to all share classes of the fund.