JPMORGAN US GOVT MMKT FUN

UNITED STATES 4% 01/27

JPMORGAN U.S. GOVERNMENT

UNITED 3.875% 08/34

UNITED STATES 4% 07/32

UNITED STATES 4.5% 11/33

UNITED 3.625% 08/29

UNITED STATES OF 4% 02/34

The fund seeks to outperform (based on the fund’s total return, gross of fees) the Bloomberg U.S. Aggregate Bond Index (the benchmark) over a market cycle, typically a 3-5 year time horizon. As a matter of non-fundamental policy, under normal circumstances, the fund will invest at least 80% of its assets in bonds.

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