# EDGAR Filing Document

**Accession Number:** 0001217286
**File Stem:** 0001193125-25-152935
**Filing Date:** 2025-7
**Character Count:** 5613
**Document Hash:** 92285cf12d2a4f99b3ead11417b73d1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-152935.hdr.sgml**: 20250701

**ACCESSION NUMBER**: 0001193125-25-152935

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250701

**DATE AS OF CHANGE**: 20250630

**EFFECTIVENESS DATE**: 20250701

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMorgan Trust I
- **CENTRAL INDEX KEY:** 0001217286

**ORGANIZATION NAME:**
- **EIN:** 331043149
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-103022
- **FILM NUMBER:** 251093460

**BUSINESS ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172
- **BUSINESS PHONE:** 800-480-4111

**MAIL ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JP MORGAN MUTUAL FUND SERIES
- **DATE OF NAME CHANGE:** 20030204

## Series and Classes Contracts Data

### JPMorgan Total Return Fund (Series ID: S000022843)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000066239 | Class I      | JMTSX           |
| C000066240 | Class A      | JMTAX           |
| C000066241 | Class C      | JMTCX           |

**J.P. MORGAN INCOME FUNDS** 

**JPMorgan Total Return Fund** 

*(the "Fund")* 

*(All Share Classes)* 

*(a series of JPMorgan Trust I)* 

**Supplement dated July 1, 2025 to the current Summary Prospectuses,** 

**Prospectuses and Statement of Additional Information, as supplemented** 

**NOTICE OF LIQUIDATION OF THE JPMORGAN TOTAL RETURN FUND.** As previously announced on May 12, 2025, the Board of Trustees (the "Board") of JPMorgan Trust I has approved the liquidation and dissolution of the Fund on or about July 29, 2025 (the "Liquidation Date"). Effective immediately, in connection with the liquidation and dissolution, the Fund may depart from its stated investment objective and strategies as it increases its cash holdings in preparation for its liquidation. On the Liquidation Date (for settlement the date after the Liquidation Date), the Fund shall distribute pro rata to its shareholders of record all of the assets of the Fund in complete cancellation and redemption of all of the outstanding shares of beneficial interest, except for any proceeds from any securities that cannot be liquidated on the Liquidation Date, cash, bank deposits or cash equivalents in an estimated amount necessary to (i) discharge any unpaid liabilities and obligations of the Fund on the Fund's books on the Liquidation Date, including, but not limited to, income dividends and capital gains distributions, if any, payable through the Liquidation Date, and (ii) pay such contingent liabilities as the officers of the Fund deem appropriate subject to ratification by the Board. Income dividends and capital gain distributions, if any, may be paid on or prior to the Liquidation Date. Effective June 1, 2025, Distribution (Rule 12b-1) Fees on Fund shares will be waived.

Effective immediately, the Fund's adviser and/or its affiliates have agreed to voluntarily waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses (excluding Acquired Fund Fees and Expenses other than certain money market fund fees as described below, dividend and interest expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, expenses related to trustee elections, and extraordinary expenses) exceed 0.41%, 1.06%, 0.31%, 0.91%, 0.21% and 0.16% of Class A, Class C, Class I, Class R2, Class R5 and Class R6 Shares, respectively.

These waivers will be in effect through the liquidation of the Fund. To the extent that the Fund engages in securities lending, affiliated money market fund fees and expenses resulting from the Fund's investment of cash received from securities lending borrowers are not included in Total Annual Fund Operating Expenses and therefore, the above waivers do not apply to such investments.

If you have a Fund direct IRA account, your shares will be exchanged for Morgan Shares of the JPMorgan U.S. Government Money Market Fund unless you provide alternative direction prior to the Liquidation Date. For all other IRA accounts, the proceeds will be invested based upon guidelines of the applicable Plan administrator. Upon liquidation, shareholders may purchase any class of another J.P. Morgan Fund for which they are eligible with the proceeds of the liquidating distribution. Shareholders will be permitted to use their proceeds from the liquidation to purchase Class A Shares of another J.P. Morgan Fund at net asset value within 90 days of the liquidating distribution, provided that they remain eligible to purchase Class A Shares. If shareholders of Class C Shares purchase Class C Shares of another J.P. Morgan Fund within 90 days of the liquidating distribution, no contingent deferred sales charge will be imposed on those new Class C Shares. At the time of the purchase you must inform your Financial Intermediary or the J.P. Morgan Funds that the proceeds are from the Fund.

**PURCHASES OF FUND SHARES FROM NEW SHAREHOLDERS WILL NO LONGER BE ACCEPTED ON OR AFTER MAY 19, 2025.** 

**PURCHASES OF ADDITIONAL SHARES FROM EXISTING SHAREHOLDERS WILL NO LONGER BE ACCEPTED ON OR AFTER JULY 22, 2025, EXCEPT FOR CERTAIN DIVIDEND REINVESTMENT PLANS AND AUTOMATIC PURCHASES.** 

**INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE SUMMARY** 

**PROSPECTUSES, PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION** 

**FOR FUTURE REFERENCE** 

**SUP-TR-LIQ-525-2**