Definitive Materials Filed by Investment Companies. (497)
30 7월 2013 - 4:24AM
Edgar (US Regulatory)
J.P. MORGAN MUNICIPAL BOND FUNDS
JPMorgan California Tax Free Bond Fund
JPMorgan Intermediate Tax Free Bond Fund
JPMorgan New York Tax Free Bond Fund
(Class A, Class B, Class C and Select Class Shares)
(each a series of JPMorgan Trust I)
JPMorgan Short-Intermediate Municipal Bond Fund
JPMorgan Municipal Income Fund
JPMorgan Arizona Municipal Bond Fund
JPMorgan Michigan Municipal Bond Fund
JPMorgan Ohio Municipal Bond Fund
JPMorgan Tax Free Bond Fund
(Class A, Class B, Class C and Select Class Shares)
(each a series of JPMorgan
Trust II)
Supplement dated July 29, 2013
to the Prospectus dated July 1, 2013, as supplemented
CLASS C SHARE CHANGES
Beginning with purchases on September 3, 2013, Class C Shares of the JPMorgan Limited Duration Bond Fund, JPMorgan Short Duration Bond Fund, and JPMorgan Short-Intermediate Municipal Bond Fund (the Short Bond Funds) will be
subject to a deferred sales charge of 1.00% on the original cost of Class C Shares of the Short Bond Funds. Class C Shares of the Short Bond Funds purchased prior to September 3, 2013 will not be subject to a deferred sales charge. In
connection with the addition of the deferred sales charge to Class C Shares of the Short Bond Funds, Class C Shares of any J.P. Morgan Fund may be exchanged into the Class C Shares of the Short Bond Funds beginning September 3, 2013. To reflect
these changes, the above referenced prospectus is supplemented as follows:
CHANGES TO RISK/RETURN SUMMARIES. Effective
immediately
, the section Fees and Expenses of the Fund in the Risk/Return Summary for the JPMorgan Short-Intermediate Municipal Bond Fund is hereby deleted in its entirety and the following is substituted in its place.
Fees and Expenses of the Fund
The following
tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least
$100,000 in the J.P. Morgan Funds.
More information about these and other discounts is available from your financial intermediary and in How to Do Business with the Funds SALES CHARGES on page 61 of the prospectus and in
PURCHASES, REDEMPTIONS AND EXCHANGES in Appendix A to Part II of the Statement of Additional Information.
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SHAREHOLDER
FEES
(Fees paid directly from your investment)
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Class A
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Class B
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Class C
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Select
Class
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Maximum Sales Charge (Load) Imposed on Purchases as % of the Offering Price
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2.25%
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NONE
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NONE
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NONE
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Maximum Deferred Sales Charge (Load) as % of Original Cost of the Shares purchased prior to September 3,
2013
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NONE
(under
$500,000)
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3.00%
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NONE
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NONE
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Maximum Deferred Sales Charge (Load) as % of Original Cost of the Shares purchased on or
after September 3, 2013
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NONE
(under
$500,000
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3.00%
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1.00%
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NONE
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SUP-MBTF-C-713
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ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value of your investment)
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Class A
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Class B
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Class C
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Select
Class
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Management Fees
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0.25
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%
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0.25
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%
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0.25
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%
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0.25
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%
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Distribution (Rule 12b-1) Fees
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0.25
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0.75
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0.75
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NONE
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Other Expenses
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0.36
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0.36
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0.36
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0.36
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Shareholder Service Fees
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0.25
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0.25
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0.25
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0.25
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Remainder of Other Expenses
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0.11
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0.11
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0.11
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0.11
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Acquired Fund Fees and Expenses
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0.01
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0.01
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0.01
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0.01
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Total Annual Fund Operating Expenses
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0.87
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1.37
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1.37
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0.62
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Fee Waivers and Expense Reimbursements
1
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(0.11
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(0.11
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(0.11
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(0.11
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Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements
1
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0.76
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1.26
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1.26
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0.51
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1
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The Funds adviser, administrator and distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual
Fund Operating Expenses of Class A, Class B, Class C and Select Class Shares (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 0.75%, 1.25%, 1.25% and 0.50%, respectively, of their average daily net assets. This contract cannot be terminated prior to 7/1/14, at
which time the Service Providers will determine whether or not to renew or revise it.
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Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you
invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Funds operating expenses are equal to the total annual fund operating expenses after fee waivers
and expense reimbursements shown in the table through 6/30/14 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.
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IF
YOU SELL YOUR SHARES, YOUR COST WOULD BE:
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1 Year
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3 Years
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5 Years
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10 Years
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CLASS A SHARES ($)
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301
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486
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686
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1,263
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CLASS B SHARES ($)
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428
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623
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739
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1,375
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CLASS C SHARES ($)
1
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128
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423
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739
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1,637
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CLASS C SHARES ($)
2
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228
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423
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739
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1,637
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SELECT CLASS SHARES ($)
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52
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187
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335
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764
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IF YOU DO NOT SELL YOUR SHARES, YOUR COST WOULD BE:
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1 Year
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3 Years
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5 Years
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10 Years
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CLASS A SHARES ($)
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301
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486
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686
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1,263
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CLASS B SHARES ($)
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128
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423
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739
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1,375
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CLASS C SHARES ($)
1
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128
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423
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739
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1,637
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CLASS C SHARES ($)
2
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128
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423
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739
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1,637
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SELECT CLASS SHARES ($)
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52
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187
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335
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764
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1
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Reflects that no deferred sales charges are applicable to Class C Shares purchased prior to September 3, 2013.
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2
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Reflects a 1.00% deferred sales charge applicable to Class C Shares purchased on or after September 3, 2013.
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CHANGES TO HOW TO DO BUSINESS WITH THE FUNDS.
Effective immediately, the disclosure
under Sales Charges Class C Shares on page 66 of the prospectus is hereby deleted in its entirety and replaced with the following:
Class C Shares
Class C Shares are offered at NAV per share, without any upfront
sales charge. However, except with respect to purchases of Class C Shares of the JPMorgan Short-Intermediate Municipal Bond Fund made prior to September 3, 2013, if you redeem Class C Shares within one year of the purchase date, measured from
the first day of the month in which the shares were purchased, you will be assessed a CDSC as follows:
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Years Since Purchase
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CDSC as a % of Dollar Amount
Subject to Charge
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01
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1.00
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After first year
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None
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There is no CDSC assessed on purchases of Class C Shares of the JPMorgan Short-Intermediate Municipal Bond
Fund made prior to September 3, 2013.
The Distributor pays a commission of 1.00% of the original purchase price to Financial
Intermediaries who sell Class C Shares of the Funds other than purchases of Class C Shares of the JPMorgan Short-Intermediate Municipal Bond Fund made prior to September 3, 2013.
Effective September 3, 2013
, the disclosures under Exchanging Fund Shares What are my exchange privileges? on
page 67 and Do I pay a sales charge on an exchange? on page 68 of the prospectus are hereby deleted in their entirety and replaced with the following:
What are my exchange privileges?
Class A Shares of a Fund may be exchanged
for Class A Shares of another J.P. Morgan Fund or for another class of the same Fund, except Class B Shares which are no longer available for new investments. Class A Shares of a Fund may be exchanged for Morgan Shares of a J.P. Morgan
money market fund.
Class B Shares of a Fund may be exchanged for Class B Shares of another J.P. Morgan Fund.
Class C Shares of a Fund may be exchanged for Class C Shares of another J.P. Morgan Fund.
Class C Shares of any Fund (except any of the J.P. Morgan money market funds) may also be exchanged for Select Class or Institutional Class
Shares of the same Fund provided you meet the eligibility requirements for the class you are exchanging into. In addition, the Class C Shares that you wish to exchange must not currently be subject to any CDSC.
Select Class Shares of a Fund may be exchanged for Select Class Shares of another non-money market J.P. Morgan Fund or for another class
of the same Fund except Class B Shares which are no longer available for new investment.
All exchanges are subject to meeting any
investment minimum or eligibility requirements. The J.P. Morgan Funds do not charge a fee for this privilege. The J.P. Morgan Funds will provide 60 days written notice of any termination of or material change to your exchange privilege.
For Class A, Class B and Class C Shares only, you can set up a systematic exchange program to automatically exchange shares
on a regular basis. This is a free service. However, you cannot have simultaneous plans for the systematic investment or exchange and the systematic withdrawal or exchange for the same Fund. Call
1-800-480-4111
for complete instructions.
Before making an exchange request, you should
read the prospectus of the J.P. Morgan Fund whose shares you would like to purchase by exchange. You can obtain a prospectus for any J.P. Morgan Fund by contacting your Financial Intermediary, by visiting www.jpmorganfunds.com, or by calling
1-800-480-4111.
Do I pay a sales charge on an exchange?
Generally, you will not pay a sales charge on an exchange except as specified in Sales Charges Class A Shares or
below.
If you exchange Class B or Class C Shares of a Fund for Class B or Class C Shares, respectively, of another Fund, you will
not pay a sales charge at the time of the exchange, however:
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1.
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Your new Class B or Class C Shares will be subject to the CDSC of the Fund from which you exchanged, except there is no CDSC on Class C Shares of JPMorgan Limited Duration
Bond Fund, JPMorgan Short Duration Bond Fund, and JPMorgan Short-Intermediate Municipal Bond Fund (collectively, the Short Bond Funds) purchased prior to September 3, 2013.
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2.
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The current holding period for your exchanged Class B or Class C Shares, other than exchanged Class C Shares of the Short Bond Funds purchased prior to September 3,
2013, is carried over to your new shares.
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3.
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If you exchange Class C Shares purchased prior to September 3, 2013 of one of the Short Bond Funds, your new Class C Shares shall be deemed to be held for the
required holding period applicable to your new Class C Shares and no CDSC shall be charged.
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CHANGES TO ADDITIONAL FEE AND
EXPENSE INFORMATION. Effective immediately,
the following disclosure is added immediately after the Class A and Class C table for the JPMorgan Short-Intermediate Municipal Bond Fund under Additional Fee and Expense Information for the
JPMT II Funds and Former One Group Mutual Funds on page 106 of the prospectus:
The disclosure and numbers for Class C
Shares shown above assume that the shareholder purchased Class C shares on July 1, 2013. Class C Shares purchased on or after September 3, 2013 are subject to a 1.00% CDSC. If such CDSC had been in effect for purchases of Class C Shares
made on July 1, 2013, the numbers for Class C Shares for the Fund (period ended June 30, 2014) would be as follows:
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Period Ended
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Annual Costs
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Gross
Cumulative
Return
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Net
Cumulative
Return
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Net Annual
Return
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June 30, 2014
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$228
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4.00%
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2.74%
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2.74%
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INVESTORS SHOULD RETAIN THIS
SUPPLEMENT WITH THE
PROSPECTUS FOR FUTURE REFERENCE
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