Large Cap Growth Multi Cap Growth Category

.A.
2.5
2.6
2.8
.A.
.A.
2.9
2.5
2.5
3.1
1.8
109
yr*
.A.
.A.
1.1
.A.
2.1
3.9
1.4
1.8
1.0
1.0
3.7
567
yr*
.A.
0.2
Amer Cent:T2025;Inv
251.1
23.6
9.5
26.5
12.8
Amer Cent:T2020;Inv
204.4
14.0
8.6
17.0
9.8
Amer Cent:T2015;Inv
317.1
7.4
4.1
12.8
7.7
Blackrock:Long Dur;Br
174.4
15.0
12.8
7.8
N.A.
Amer Cent:T2010;Inv
289.4
2.5
0.5
6.9
4.7
©©
2013
Dow
Jones
Company,
Inc.
All
Rights
Reserved.
MONDAY,
AUGUST
5,
&&&
2009
Dow
Jones
Company,
Inc.
All
Rights
Reserved.
MONDAY,
JANUARY
5, 2013
2009
2014
Dow
Jones
Company,
Inc.
All
Rights
Reserved.
FRIDAY,
3, 2014
Old JANUARY
Mutual:Bh
Cre
Bd;I
56.7
4.8
4.0
5.3
N.A.
Sa Funds:Us Fixed Inc
148.7
2.4
1.0
3.8
N.A.
Category
Kings
in 22 Realms
Franklin Inv:Adj
Gv;A
609.1
0.6
0.4
3.6
3.3
Total
return for the top
10 funds
ranked by one-year performance
of Nov. 29. Total
Direxion:Ev
Mgd
Bd;Inv
33.0 as of Dec.
5.531; assets, in millions
5.3 of dollars, as3.2
N.A.return
includes capital appreciation and reinvested distributions. Returns shown for periods of one year or less are cumulative. Fixed-income
Investing
Funds:
Quarterly
January
2009
Category
Kings
in 16inRealms
performance
numbers
areRtn;I
preliminary.
Group
average A
returns
may differ 4.1
fromAnalysis,
those in Yardsticks
because this0.8
table
uses a different
Afba 5Star:Tot
20.6
3.5
4.4 set
of objectives; for funds with multiple share classes, only the largest is shown.
Top-performing funds in each category, ranked by year-to-date total returns (changes in net asset values with reinvested distributions) as of July 31; assets
Category Average:
N.A.
–0.9
4.2
–5.6
3.5
are as of June 28. Equity data is final. All other data is preliminary.
Large Cap
Growth
Category
Kings
in 22 Realms
Number of Funds:
57 Total return
57(%) ———
46
———
The following has been excerpted
27
F
O
Top-performing funds in each category, ranked by one-year total returns (changes in net asset values with reinvested distributions) as of December 31; assets
ANNUALIZED
are as of November 28. Fixed-income performance numbers are preliminary.
Multicap Core
Fund
Symbol
Dec.
iPath ETN LgEx Rus 1000
ROLA
4.61
iPath ETN LgEx Rus 1000
ROLA
4.61
Large-Cap Value
UBS AG Enh BC Growth ETN
Morg Stan Focus Gr;A
Transam:Cap Growth;I2
4th qtr
1-year
The following has been excerpted
18.55
71.37
3-year
5-year
10-year
Assets
35.27
n.a.
n.a.
$11.3
n.a.
$11.3
O
R
P
18.55
71.37
35.27
n.a.
FBG
4.45
AMOAX
5.54
Total returnn.a.(%)
17.05Assets 62.66
n.a.
n.a.
13.65
9.77
($ millions)49.48 July 17.09 YTD 28.691-yr 5-yr*
...
5.68
12.97
49.17
Assets
2.648.60
Nysa Srs Tr:Nysa
Fund
Morg Stan I:Growth;I
MSEQX
5.48
12.83
($ millions) 4th-qtr (%)
n.a.
n.a.
n.a.
Total return (%)
9.8 December
28.1
–1.1
18.5729.8
27.31
10.15
1-yr
5-yr*
JPMorgan:Dyn Gro;Sel
JDGSX
3.94
11.90
45.52
18.00
22.92
n.a.
1,042.9
6.1 18.7429.3 24.46
45.7 13.6
Vanguard Cap
Value;Inv
T Rowe Price I LgCp Gro
TRLGX
3.45
Forester:Value
50.212.59 –10.244.44
3.0
0.4 9.34 4.6
Columbia:SelectFrank
LCG;Z
UMLGX
5.30
9.93
10.62
18.344.28 6.9 17.2129.1 23.84
32.9 11.2
Value;Inv
FMI:Large
Cap
–18.343.93
0.3
–26.9 7.53 2.6
Putnam
Voyager;A
PVOYX
3.941,494.012.53
10.63
21.77
6.9 18.180.2
28.9 23.67
34.8
N.A.
Formula Inv US Sel;A3.38 N.A.12.32 243.7
Homestead:Growth
Am Ind:Stock;Inst HNASX
–22.343.40
–27.1 8.72 3.3
Category Average:
...
7.30
49.934.00 6.7 14.954.9
28.7 19.01
45.4
GW:Ariel
Val;Init3.09 200.210.72 –14.2
PowerShares
DynMC
LC Vl
–27.7 13.4
N.A.
Number of Funds:
...
759
756
723
609
536
376
20.5
6.7 2.0
28.4 33.9
Jensen
n.a.
Not Available
a =Cullen:High
DivQuality
Eqty;I Val;J
224.3
–18.0
–29.2 N.A.N.A.
6.5 –1.5
28.4 44.7
Ariel:Appreciation;Inv
ING Corp
Leaders
365.8 1,676.2
–18.5
–29.3 13.0 4.0
Multi Cap Growth
Endowments:Gro
& IncBybck Ach 79.7 734.0
–18.2
1.4
–30.9 13.1–0.9
6.9return
28.1
35.1
PowerShares
——— Total
(%) ———
Morg Stan
Fund Opptc
Value;BUS Stk;I 29.6
–19.8
–30.9 N.A. 0.2
ANNUALIZED
6.3
7.8 3.2
26.3
43.4
Dreyfus
FundMunder:LgCp Val;Y Symbol
Dec.
4th qtr –18.6
1-year
3-year
5-year
10-year 0.9
–31.5 9.6
a Neuberger Mlt-Cp Opps;I 47.9 1,239.5
7.5 15.581.2
26.3 24.04
34.8
RidgeWorth:Ag Gr St;I
SCATX
3.39
6.09
59.79
n.a.
!
Wilmington:LC Val;Inst
Morg Stan MultiCp Gr;A
CPOAX
Category Average:
FPX
First Tr:US IPO Index
Category Average:
Lord Abbett Gr Leadrs;A
LGLAX
Fund
Count FOCPX
Number
of Funds:
Fidelity OTC
5.48
19.913.78 –20.549.61
10.29
4.16
7.99
JPMorgan:Gro Advtg;R5
JGVRX
4.18
10.56
CB Aggressive Growth;A
SHRAX
2.50
8.92
2.2
n.a.
650.0
790
62946.50 811 17.53634
1,937.3
771.7
1,098.1
198.6
9,270.9
6,461.6
4,151.3
70.6
965.1
...
Assets
unch.
12.56
$45.3
–1.9
296.9
7.3
n.a.
349.6
n.a.
n.a.
498.5
–37.4
771
25.91
10.76
596 571
429
9,796.6
n.a.
n.a.
2,794.4
23.37
8.40
8,980.1
14.58
20.01
9.75
17.72
19.42
7.87
44.97
18.54
44.62
20.24
N.A.: Not applicable; fund is too new.
*Annualized.
with multiple share classes,
is shown.
Kinetics:Paradigm;NL
WWNPXNote: For funds 1.53
9.44 only the largest44.07
N.A.: Not applicable; fund is too new
*Annualized Note: For funds with multiple share classes, only the largest is shown.
RS Inv:Growth;A
RSGRX
3.42
10.65
43.61
American Funds NEco;A
–31.6
27.26
302.647.85 5.4 25.6219.5 27.72
27.7
321,596.0
–21.746.73
3.16
8.55
5.55
0.2
15.67
1,018.4
Source: 1,252.9
Lipper.
Source: Lipper
237.4
ANEFX
2.89
11.91
43.36
18.82
22.52
9.97
12,437.3
Category Average:
...
3.04
9.71
35.03
15.02
20.03
8.25
573.3
Number of Funds:
...
550
547
521
447
393
252
...
Multi-Cap Value
n.a. = Not Available
Assets
($ millions)
4th-qtr (%)
Total return (%)
December
1-yr
5-yr*
The Publisher ’ s sale Of This rePrinT DOes nOT COnsTiTuTe Or imPly any enDOrsemenT Or sPOnsOrshiP Of any PrODuCT, serviCe, COmPany Or OrganizaTiOn.
(over please)
Custom Reprints 800.843.0008 www.djreprints.com DO NOT EDIT OR ALTER REPRINT•/
• REPRODUCTIONS NOT PERMITTED 47428
Copley Fund
62.0
–4.5
–1.0
–15.6 #47931 1.5
The Publisher ’ s sale Of This rePrinT DOes nOT COnsTiTuTe Or imPly any enDOrsemenT Or sPOnsOrshiP Of any PrODuCT, serviCe, COmPany Or OrganizaTiOn.
Custom&
Reprints
(609)520-4331
08543-0300.
DO NOT EDIT OR ALTER REPRINT•
Bread
Butter
Fund P.O. Box 300 Princeton, N.J.
N.A.
–14.5
4.0 /• REPRODUCTIONS
–18.5 NOT PERMITTED
N.A.
European Region
Fidelity Nordic
——— Total return (%) ———
ANNUALIZED
FNORX
5.29
14.38
49.09
13.05
21.93
12.14
$466.6
WisdomTree:Eur SC Div
DFE
4.09
13.88
iShares:MSCI Ireland Cp
EIRL
1.53
8.74
47.17
14.94
23.40
n.a.
505.3
46.76
22.34
n.a.
n.a.
iShares:MSCI Denmark Cp
EDEN
3.66
11.04
43.36
119.0
n.a.
n.a.
n.a.
17.3
DFA Cont Small Co;I
DFCSX
2.78
10.55
39.33
9.14
DFA UK Sm Company;I
DFUKX
5.49
11.69
39.07
19.95
16.95
11.22
172.6
28.96
12.35
iShares:MSCI Finland CIM
EFNL
1.30
9.53
38.43
n.a.
n.a.
37.0
n.a.
15.3
iShares:MSCI UK Sm-Cap
EWUS
4.78
10.87
38.32
n.a.
n.a.
n.a.
22.0
JPMorgan:Intr Eu;Inst
JFEIX
3.57
11.81
36.58
13.89
15.98
9.65
864.5
Mrkt Vctrs:Germany SC
GERJ
1.26
8.51
35.63
n.a.
n.a.
n.a.
6.0
Category Average:
...
2.59
8.31
27.49
10.42
14.71
8.21
437.0
Number of Funds:
...
138
132
119
100
87
74
...
n.a. = Not Available
Global Equity Income Funds
——— Total return (%) ———
ANNUALIZED
Guinn Atkin:Infl Mgd Div
GAINX
2.05
7.45
29.87
n.a.
n.a.
n.a.
$2.5
Invesco Gl Low Vol E;A
GTNDX
2.16
6.80
29.23
12.42
15.40
6.69
161.2
Chr Weil & Co Glbal Div
CWGDX
1.84
7.74
25.72
n.a.
n.a.
n.a.
32.3
DWS World Div;S
SCGEX
1.24
6.38
22.70
10.97
13.23
6.04
356.2
ING:Glbl Eqty Div;A
IAGEX
1.99
6.91
22.68
10.55
12.50
6.38
75.8
Eaton Vance Gl Div Inc;A
EDIAX
2.23
8.83
22.60
9.53
9.29
n.a.
430.4
Sit Global Div Gro;I
GDGIX
2.13
6.83
21.70
10.44
13.38
n.a.
21.9
Allianz:GI NFJ Gl DV;I
ANUIX
1.22
6.56
21.60
10.14
n.a.
n.a.
70.2
JPMorgan Glbl Eq Inc;Sel
JEISX
1.80
5.56
21.12
n.a.
n.a.
n.a.
112.0
Henderson:Gl Eq Inc;I
HFQIX
2.55
5.70
21.02
11.28
n.a.
n.a.
2,497.9
Category Average:
...
1.79
6.33
20.63
10.30
13.01
5.77
137.5
Number of Funds:
...
82
82
81
61
51
18
...
n.a. = Not Available
NOT FDIC INSURED| NO BANK GUARANTEE| MAY LOSE VALUE
This article must be distributed with the J.P. Morgan performance and disclosure page.
REP-CatKings2014
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Data as of December 31, 2013
J.P. Morgan Asset Management
JPMorgan Dynamic Growth Fund2,3,4
Total returns
Average annual total returns
Since
inception
11/30/2007
8.18
8.44
7.48
6.00
Performance at NAV (%)
Latest QTR
YTD
1 yr
3 yrs
5 yrs
A Shares
11.89
45.20
45.20
17.74
22.61
Select Shares
11.90
45.52
45.52
18.00
22.92
Russell 1000 Growth Index
10.44
33.48
33.48
16.45
20.39
Lipper Large-Cap Growth Funds Index
10.74
35.41
35.41
15.08
19.43
With sales charges (%)
A Shares with 5.25% max. sales charge
6.00
37.60
37.60
15.65
21.30
7.22
Benchmark since inception returns are as of month-end. The performance quoted is past performance and is not a guarantee of future
results.
Calendar-year returns (%)
Select Shares at NAV
Russell 1000 Growth Index
Lipper Large-Cap Growth Funds Index
2009
43.31
37.21
38.50
2010
19.14
16.71
15.13
2011
-4.69
2.64
-2.90
2012
18.47
15.26
15.92
2013
45.52
33.48
35.41
The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market
risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For
performance current to the most recent month-end, please call 1-800-480-4111.
Annual operating expenses
Expense cap expiration date
Expense cap (%)
Total annual Fund operating expenses (%)
Fee waivers and/or expense reimbursements (%)1
Net expenses (%)1
A Shares
10/31/2014
1.25
1.43
(0.17)
1.26
Select Shares
10/31/2014
1.00
1.15
(0.14)
1.01
1The
Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse
expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to
short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board
of Trustees’ deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date.
This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.
JPMorgan Growth Advantage Fund5,6
Performance at NAV (%)
A Shares
R5 Shares11
Russell 3000 Growth Index
Lipper Multi-Cap Growth Funds Index
With sales charges (%)
A Shares with 5.25% max. sales charge
Calendar-year returns (%)
R5 Shares at NAV11
Russell 3000 Growth Index
Lipper Multi-Cap Growth Funds Index
Total returns
Latest QTR
YTD
10.42
44.36
10.56
44.97
10.25
34.23
9.93
36.52
4.60
1 yr
44.36
44.97
34.23
36.52
Average annual total returns
3 yrs
5 yrs
18.03
22.16
18.54
22.66
16.47
20.56
14.94
20.53
10 yrs
11.31
11.62
7.95
8.15
36.75
36.75
15.94
20.86
10.72
2009
37.10
37.01
39.17
2010
21.57
17.64
20.39
2011
-1.24
2.18
-4.02
2012
16.36
15.21
15.88
2013
44.97
34.23
36.52
The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market
risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For
performance current to the most recent month-end, please call 1-800-480-4111.
1
1
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse
expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to
short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board
of Trustees’ deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date.
This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.
JPMorgan Intrepid European Fund7
Performance at NAV (%)
A Shares
Institutional Shares
MSCI Europe Index (net of foreign withholding taxes)
Lipper European Region Funds Index
With sales charges (%)
A Shares with 5.25% max. sales charge
Calendar-year returns (%)
Institutional Shares at NAV
MSCI Europe Index (net of foreign withholding taxes)
Lipper European Region Funds Index
Total returns
Latest QTR
YTD
11.70
35.96
11.81
36.58
7.88
25.23
9.45
30.36
5.86
1 yr
35.96
36.58
25.23
30.36
Average annual total returns
3 yrs
5 yrs
13.34
15.41
13.89
15.98
9.89
13.36
11.38
16.64
10 yrs
9.09
9.65
7.28
9.48
28.85
28.85
11.32
14.17
8.51
2009
29.21
35.83
41.58
2010
9.94
3.88
10.37
2011
-14.63
-11.06
-13.17
2012
26.68
19.12
22.07
2013
36.58
25.23
30.36
The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market
risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For
performance current to the most recent month-end, please call 1-800-480-4111.
Annual operating expenses
Expense cap expiration date
Expense cap (%)
Total annual Fund operating expenses (%)
Fee waivers and/or expense reimbursements (%)1
Net expenses (%)1
A Shares
2/28/2014
1.50
1.74
(0.24)
1.50
Institutional Shares
2/28/2014
1.00
1.35
(0.35)
1.00
1The
Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse
expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to
short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board
of Trustees’ deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date.
This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.
JPMorgan Global Equity Income Fund8,9,10
Total returns
Average annual total returns
Since
inception
2/28/2011
7.56
7.84
9.98
8.65
Performance at NAV (%)
Latest QTR
YTD
1 yr
3 yrs
5 yrs
A Shares
5.45
20.85
20.85
N/A
N/A
Select Shares
5.56
21.12
21.12
N/A
N/A
MSCI World Index (net of foreign withholding taxes)
8.00
26.68
26.68
N/A
N/A
Lipper Global Equity Income Funds Index
6.55
20.15
20.15
N/A
N/A
With sales charges (%)
A Shares with 5.25% max. sales charge
-0.08
14.54
14.54
N/A
N/A
5.54
Benchmark since inception returns are as of month-end. The performance quoted is past performance and is not a guarantee of future
results.
Calendar-year returns (%)
Select Shares at NAV
MSCI World Index (net of foreign withholding taxes)
Lipper Global Equity Income Funds Index
2009
N/A
N/A
N/A
2010
N/A
N/A
N/A
2011
N/A
N/A
N/A
2012
14.32
15.83
13.70
2013
21.12
26.68
20.15
2
The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market
risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For
performance current to the most recent month-end, please call 1-800-480-4111.
Annual operating expenses
Expense cap expiration date
Expense cap (%)
Total annual Fund operating expenses (%)
Fee waivers and/or expense reimbursements (%)1
Net expenses (%)1
A Shares
2/28/2014
1.25
2.32
(1.06)
1.26
Select Shares
2/28/2014
1.00
2.21
(1.20)
1.01
1The
Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse
expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to
short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board
of Trustees’ deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date.
This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.
Contact JPMorgan Distribution Services, Inc. at 1-800-480-4111 for a fund prospectus. You can also visit us at
www.jpmorganfunds.com. Investors should carefully consider the investment objectives and risks as well as charges
and expenses of the mutual fund before investing. The prospectus contains this and other information about the
mutual fund. Read the prospectus carefully before investing.
Depending on a fund’s share class, there are different purchase minimums required to establish an account and to add to an account. For
example, the purchase minimum for Select Class shares is $1,000,000. The fund prospectus states the applicable purchase minimums for
each of the fund’s other share classes.
RISKS ASSOCIATED WITH INVESTING IN THE FUND:
2The
Fund may invest in derivatives that may be riskier than other types of investments because they may be more sensitive to changes in
economic or market conditions and could result in losses that significantly exceed the Fund’s original investment. Many derivatives create
leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.
3The
Fund may invest foreign securities which are subject to additional risks including political and economic risks, greater volatility,
currency fluctuations, higher transaction costs, delayed settlement, possible foreign controls on investment, and less stringent investor
protection and disclosure standards of foreign markets.
4The
Fund is subject to management risk and may not achieve its objective if the adviser’s expectations regarding particular securities or
markets are not met. The Fund is also subject to equity market risk. The price of equity securities may rise or fall because of changes in the
broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably.
5Mid-cap
funds typically carry more risk than stock funds investing in well-established "blue-chip" companies. Historically, mid-cap
companies' stock has experienced a greater degree of market volatility than the average stock.
6
The Fund may invest a portion of its securities in small-cap stocks. Small-capitalization funds typically carry more risk than stock funds
investing in well-established "blue-chip" companies since smaller companies generally have a higher risk of failure. Historically, smaller
companies' stock has experienced a greater degree of market volatility than the average stock.
7
International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in
accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and
economically stable as the United States and other nations. Because the Fund is concentrated in a single country or region, it is subject to
the additional risk associated with a smaller number of issuers.
8There is no guarantee that companies that can issue dividends will declare, continue to pay or increase dividends.
9International
investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in
accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and
economically stable as the United States and other nations. The risks associated with foreign securities are magnified in countries in
"emerging markets." These countries may have relatively unstable governments and less-established market economies than developed
countries. Emerging markets may face greater social, economic, regulatory and political uncertainties. These risks make emerging market
securities more volatile and less liquid than securities issued in more developed countries.
3
10
All mutual funds carry a certain amount of risk. You may lose money on your investment in the Fund. Here are some of the specific risks of
investing in the Fund. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s
financial condition, sometimes rapidly or unpredictably. The Fund may use derivatives in connection with its investment strategies.
Derivatives may be riskier than other types of investments because they may be more sensitive to changes in economic or market conditions
than other types of investments and could result in losses that significantly exceed the Fund’s original investment.
RETURNS:
11The
quoted performance of the Fund includes performance of a predecessor fund/share class prior to the Fund's commencement of
operations. Please refer to the current prospectus for further information.
INDEXES DEFINED:
The Russell 3000 Growth Index is an unmanaged index which measures the performance of those Russell 3000 companies (largest 3000
U.S. companies) with higher price-to-book ratios and higher forecasted growth values. The performance of the index does not reflect the
deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the
deduction of fund expenses, including sales charges if applicable. Investors can not invest directly in an index.
The performance of the Lipper Multi-Cap Growth Funds Index includes expenses associated with a mutual fund, such as investment
management fees. These expenses are not identical to the expenses charged by the Fund.
The performance of the Lipper European Region Funds Index includes expenses associated with a mutual fund, such as investment
management fees. These expenses are not identical to the expenses charged by the Fund. An individual cannot invest directly in an index.
The MSCI World Index (net of foreign withholding taxes) is a free float-adjusted market capitalization weighted index that is designed to
measure the equity market performance of developed markets. The performance of the index does not reflect the deduction of expenses
associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund
expenses, including sales charges if applicable. Total return figures assume the reinvestment of dividends. The dividend is reinvested after
deduction of withholding tax, applying the maximum rate to nonresident individual investors who do not benefit from double taxation
treaties. An individual cannot invest directly in an index.
The Russell 1000 Growth Index is an unmanaged index which measures the performance of those Russell 1000 companies with higher priceto-book ratios and higher forecasted growth values. The performance of the index does not reflect the deduction of expenses associated
with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of fund expenses,
including sales charges if applicable. Investors can not invest directly in an index.
The performance of the Lipper Global Equity Income Funds Index includes expenses associated with a mutual fund, such as investment
management fees. These expenses are not identical to the expenses charged by the Fund. An individual cannot invest directly in an index.
The performance of the Lipper Large-Cap Growth Funds Index includes expenses associated with a mutual fund, such as investment
management fees. These expenses are not identical to the expenses charged by the Fund.
The MSCI Europe Index (net of foreign withholding taxes) is a free float-adjusted market capitalization weighted index that is designed to
measure the equity market performance of the developed markets in Europe. The performance of the index does not reflect the deduction
of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction
of the fund expenses, including sales charges if applicable. Total return figures assume the reinvestment of dividends. The dividend is
reinvested after deduction of withholding tax, applying the maximum rate to nonresident individual investors who do not benefit from
double taxation treaties. An individual cannot invest directly in an index.
Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where
applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees for certain periods since the
inception date. If fees had not been waived, performance would have been less favorable.
J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses
include, but are not limited to, JPMorgan Chase Bank, N.A., J.P. Morgan Investment Management Inc., Security Capital Research &
Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.
J.P. Morgan 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/SIPC.
©JPMorgan Chase & Co., January 2014
PS-CATRANKINGS
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Download Report