# EDGAR Filing Document

**Accession Number:** 0000763852
**File Stem:** 0001193125-25-202897
**Filing Date:** 2025-9
**Character Count:** 39106
**Document Hash:** 823cc65c2660a767f6d60a048e76e885
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-202897.hdr.sgml**: 20250915

**ACCESSION NUMBER**: 0001193125-25-202897

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250915

**DATE AS OF CHANGE**: 20250915

**EFFECTIVENESS DATE**: 20250915

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMORGAN TRUST II
- **CENTRAL INDEX KEY:** 0000763852

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-95973
- **FILM NUMBER:** 251313322

**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:** ONE GROUP MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20000721

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ONE GROUP
- **DATE OF NAME CHANGE:** 19931105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HELMSMAN FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### JPMorgan Core Bond Fund (Series ID: S000003477)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000009619 | Class R6     | JCBUX           |
| C000033520 | Class R5     | JCBRX           |
| C000070638 | Class R2     | JCBZX           |
| C000173234 | Class R3     | JCBPX           |
| C000173235 | Class R4     | JCBQX           |

**J.P. MORGAN INCOME FUNDS** 

JPMorgan Core Bond Fund

JPMorgan High Yield Fund

*(each, a "Fund" and collectively, the "Funds")* 

*(each a series of JPMorgan Trust II)* 

*(All Share Classes)* 

**Supplement dated September 15, 2025** 

**to the current Summary Prospectuses and Prospectuses, as supplemented** 

Effective November 1, 2025, the Board of Trustees of JPMorgan Trust II has approved net expense ratio reductions for the Funds. Therefore, the "Annual Fund Operating Expenses" and "Example" tables in the Summary Prospectuses and Prospectuses for the Funds are hereby deleted in their entirety and replaced with the corresponding tables below:

**Core Bond Fund** 

***<u>Class A, Class C and Class I Shares</u>***

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | |
|  | **Class A** | **Class C** |<br>**Class I** |
| &nbsp;&nbsp;&nbsp;**Management Fees** | 0.28% | 0.28% | 0.28% |
| &nbsp;&nbsp;&nbsp;**Distribution (Rule 12b-1) Fees** | 0.25 | 0.75 |  |
| &nbsp;&nbsp;&nbsp;**Other Expenses** | 0.30 | 0.30 | 0.30 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Service Fees** | 0.25 | 0.25 | 0.25 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Remainder of Other Expenses** | 0.05 | 0.05 | 0.05 |
| &nbsp;&nbsp;&nbsp;**Acquired Fund Fees and Expenses** | 0.01 | 0.01 | 0.01 |
| &nbsp;&nbsp;&nbsp;**Total Annual Fund Operating Expenses** | 0.84 | 1.34 | 0.59 |
| &nbsp;&nbsp;&nbsp;**Fee Waivers and/or Expense Reimbursements**<sup>1</sup> | -0.14 | -0.14 | -0.14 |
| &nbsp;&nbsp;&nbsp;**Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements**<sup>1</sup> | 0.70 | 1.20 | 0.45 |

---

---

| | |
|:---|:---|
| 1 | The Fund's adviser and/or its affiliates have contractually agreed to 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 0.70%, 1.20% and 0.45% of the average daily net assets of Class A, Class C and Class I Shares, respectively. The Fund may invest in one or more money market funds advised by the adviser or its affiliates (affiliated money market funds). The Fund's adviser, shareholder servicing agent and/or administrator have contractually agreed to waive fees and/or reimburse expenses in an amount sufficient to offset the respective net fees each collects from the affiliated money market funds on the Fund's investment in such money market funds. These waivers are in effect through 10/31/26, at which time it will be determined whether such waivers will be renewed or revised. 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.  |

---

**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 Fund's operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/26 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.

**SUP-INC-925** 

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:** | &nbsp;&nbsp;&nbsp;**IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:** | &nbsp;&nbsp;&nbsp;**IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:** | | |
|  | **1 Year** | **3 Years** |<br>**5 Years** |<br>**10 Years** |
| &nbsp;&nbsp;&nbsp;**CLASS A SHARES ($)** | 444 | 620 | 810 | 1361 |
| &nbsp;&nbsp;&nbsp;**CLASS C SHARES ($)** | 222 | 411 | 721 | 1463 |
| &nbsp;&nbsp;&nbsp;**CLASS I SHARES ($)** | 46 | 175 | 315 | 725 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**IF YOU DO NOT SELL YOUR SHARES, YOUR COST WOULD BE:** | &nbsp;&nbsp;&nbsp;**IF YOU DO NOT SELL YOUR SHARES, YOUR COST WOULD BE:** | &nbsp;&nbsp;&nbsp;**IF YOU DO NOT SELL YOUR SHARES, YOUR COST WOULD BE:** | | |
|  | **1 Year** | **3 Years** |<br>**5 Years** |<br>**10 Years** |
| &nbsp;&nbsp;&nbsp;**CLASS A SHARES ($)** | 444 | 620 | 810 | 1361 |
| &nbsp;&nbsp;&nbsp;**CLASS C SHARES ($)** | 122 | 411 | 721 | 1463 |
| &nbsp;&nbsp;&nbsp;**CLASS I SHARES ($)** | 46 | 175 | 315 | 725 |

---

***<u>Class R2, Class R3, Class R4, Class R5 and Class R6 Shares</u>***

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** |  |
|  | **Class R2** |  | **Class R3** |  | **Class R4** |  | **Class R5** |  | **Class R6** |  |
| &nbsp;&nbsp;&nbsp;**Management Fees** | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | % |
| &nbsp;&nbsp;&nbsp;**Distribution (Rule 12b-1) Fees** | 0.50 |  | 0.25 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Other Expenses** | 0.31 |  | 0.30 |  | 0.30 |  | 0.15 |  | 0.05 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **Service Fees** | 0 | .25 | 0 | .25 | 0 | .25 | 0. | 10 | N | ONE |
| &nbsp;&nbsp;&nbsp;&nbsp; **Remainder of Other Expenses** | 0 | .06 | 0 | .05 | 0 | .05 | 0 | .05 | 0 | .05 |
| &nbsp;&nbsp;&nbsp;**Acquired Fund Fees and Expenses** | 0.01 |  | 0.01 |  | 0.01 |  | 0.01 |  | 0.01 |  |
| &nbsp;&nbsp;&nbsp;**Total Annual Fund Operating Expenses** | 1.10 |  | 0.84 |  | 0.59 |  | 0.44 |  | 0.34 |  |
| &nbsp;&nbsp;&nbsp;**Fee Waivers and/or Expense Reimbursements<sup>1</sup>** | -0.05 |  | -0.04 |  | -0.04 |  | -0.04 |  | -0.04 |  |
| &nbsp;&nbsp;&nbsp;**Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements**<sup>1</sup> | 1.05 |  | 0.80 |  | 0.55 |  | 0.40 |  | 0.30 |  |

---

---

| | |
|:---|:---|
| 1 | The Fund's adviser and/or its affiliates have contractually agreed to 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 1.05%, 0.80%, 0.55%, 0.40% and 0.30% of the average daily net assets of Class R2, Class R3, Class R4, Class R5 and Class R6 Shares, respectively. The Fund may invest in one or more money market funds advised by the adviser or its affiliates (affiliated money market funds). The Fund's adviser, shareholder servicing agent and/or administrator have contractually agreed to waive fees and/or reimburse expenses in an amount sufficient to offset the respective net fees each collects from the affiliated money market funds on the Fund's investment in such money market funds. These waivers are in effect through 10/31/26, at which time it will be determined whether such waivers will be renewed or revised. 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.  |

---

**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 Fund's operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/26 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE:** | &nbsp;&nbsp;&nbsp;**WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE:** | &nbsp;&nbsp;&nbsp;**WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE:** | | |
|  | **1 Year** | **3 Years** |<br>**5 Years** |<br>**10 Years** |
| &nbsp;&nbsp;&nbsp;**CLASS R2 SHARES ($)** | 107 | 345 | 601 | 1336 |
| &nbsp;&nbsp;&nbsp;**CLASS R3 SHARES ($)** | 82 | 264 | 462 | 1033 |
| &nbsp;&nbsp;&nbsp;**CLASS R4 SHARES ($)** | 56 | 185 | 325 | 734 |
| &nbsp;&nbsp;&nbsp;**CLASS R5 SHARES ($)** | 41 | 137 | 242 | 551 |
| &nbsp;&nbsp;&nbsp;**CLASS R6 SHARES ($)** | 31 | 105 | 187 | 427 |

---

**High Yield Fund** 

***<u>Class A, Class C and Class I Shares</u>***

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** |  | |  |
|  | **Class A** |  | **Class C** |  |<br>**Class I** |  |
| &nbsp;&nbsp;&nbsp;**Management Fees** | 0.50 | % | 0.50 | % | 0.50 | % |
| &nbsp;&nbsp;&nbsp;**Distribution (Rule 12b-1) Fees** | 0.25 |  | 0.75 |  |  |  |
| &nbsp;&nbsp;&nbsp;**Other Expenses** | 0.35 |  | 0.35 |  | 0.34 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **Service Fees** | 0. | 25 | 0. | 25 | 0. | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Remainder of Other Expenses** | 0. | 10 | 0. | 10 | 0. | 09 |
| &nbsp;&nbsp;&nbsp;**Acquired Fund Fees and Expenses** | 0.01 |  | 0.01 |  | 0.01 |  |
| &nbsp;&nbsp;&nbsp;**Total Annual Fund Operating Expenses** | 1.11 |  | 1.61 |  | 0.85 |  |
| &nbsp;&nbsp;&nbsp;**Fee Waivers and/or Expense Reimbursements<sup>1</sup>** | -0.26 |  | -0.26 |  | -0.25 |  |
| &nbsp;&nbsp;&nbsp;**Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements**<sup>1</sup> | 0.85 |  | 1.35 |  | 0.60 |  |

---

---

| | |
|:---|:---|
| 1 | The Fund's adviser and/or its affiliates have contractually agreed to 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 0.85%, 1.35% and 0.60% of the average daily net assets of Class A, Class C and Class I Shares, respectively. The Fund may invest in one or more money market funds advised by the adviser or its affiliates (affiliated money market funds). The Fund's adviser, shareholder servicing agent and/or administrator have contractually agreed to waive fees and/or reimburse expenses in an amount sufficient to offset the respective net fees each collects from the affiliated money market funds on the Fund's investment in such money market funds for all Share Classes. These waivers are in effect through 10/31/26, at which time it will be determined whether such waivers will be renewed or revised. 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.  |

---

**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 Fund's operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/26 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**IF YOU SELL YOUR SHARES, YOUR COST WOULD BE:** | | | | |
|  |<br>**1 Year** |<br>**3 Years** |<br>**5 Years** |<br>**10 Years** |
| &nbsp;&nbsp;&nbsp;**CLASS A SHARES ($)** | 459 | 690 | 939 | 1654 |
| &nbsp;&nbsp;&nbsp;**CLASS C SHARES ($)** | 237 | 483 | 852 | 1755 |
| &nbsp;&nbsp;&nbsp;**CLASS I SHARES ($)** | 61 | 246 | 447 | 1026 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**IF YOU DO NOT SELL YOUR SHARES, YOUR COST WOULD BE:** | &nbsp;&nbsp;&nbsp;**IF YOU DO NOT SELL YOUR SHARES, YOUR COST WOULD BE:** | | | |
|  | **1 Year** |<br>**3 Years** |<br>**5 Years** |<br>**10 Years** |
| &nbsp;&nbsp;&nbsp;**CLASS A SHARES ($)** | 459 | 690 | 939 | 1654 |
| &nbsp;&nbsp;&nbsp;**CLASS C SHARES ($)** | 137 | 483 | 852 | 1755 |
| &nbsp;&nbsp;&nbsp;**CLASS I SHARES ($)** | 61 | 246 | 447 | 1026 |

---

***<u>Class R2, Class R3, Class R4, Class R5 and Class R6 Shares</u>***

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** | &nbsp;&nbsp; **ANNUAL FUND OPERATING EXPENSES**<br> **(Expenses that you pay each year as a percentage of the value of your investment)** |  | |  | |  |
|  | **Class R2** |  | **Class R3** |  | **Class R4** |  |<br>**Class R5** |  |<br>**Class R6** |  |
| &nbsp;&nbsp;&nbsp;**Management Fees** | 0.50 | % | 0.50 | % | 0.50 | % | 0.50 | % | 0.50 | % |
| &nbsp;&nbsp;&nbsp;**Distribution (Rule 12b-1) Fees** | 0.50 |  | 0.25 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Other Expenses** | 0.40 |  | 0.35 |  | 0.46 |  | 0.21 |  | 0.09 |  |
| &nbsp;&nbsp;&nbsp; **Service Fees** |  | 0.25 |  | 0.25 |  | 0.25 |  | 0.10 |  |  |
| &nbsp;&nbsp;&nbsp; **Remainder of Other Expenses** |  | 0.15 |  | 0.10 |  | 0.21 |  | 0.11 |  | 0.09 |
| &nbsp;&nbsp;&nbsp;**Acquired Fund Fees and Expenses** | 0.01 |  | 0.01 |  | 0.01 |  | 0.01 |  | 0.01 |  |
| &nbsp;&nbsp;&nbsp;**Total Annual Fund Operating Expenses** | 1.41 |  | 1.11 |  | 0.97 |  | 0.72 |  | 0.60 |  |
| &nbsp;&nbsp;&nbsp;**Fee Waivers and/or Expense Reimbursements<sup>3</sup>** | -0.21 |  | -0.16 |  | -0.27 |  | -0.17 |  | -0.15 |  |
| &nbsp;&nbsp;&nbsp;**Total Annual Fund Operating Expenses after Fee Waivers and/or Expense Reimbursements<sup>1</sup>** | 1.20 |  | 0.95 |  | 0.70 |  | 0.55 |  | 0.45 |  |

---

---

| | |
|:---|:---|
| 1 | The Fund's adviser and/or its affiliates have contractually agreed to 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 1.20%, 0.95%, 0.70%, 0.55% and 0.45% of the average daily net assets of Class R2, Class R3, Class R4, Class R5 and Class R6 Shares, respectively. The Fund may invest in one or more money market funds advised by the adviser or its affiliates (affiliated money market funds). The Fund's adviser, shareholder servicing agent and/or administrator have contractually agreed to waive fees and/or reimburse expenses in an amount sufficient to offset the respective net fees each collects from the affiliated money market funds on the Fund's investment in such money market funds. These waivers are in effect through 10/31/26 at which time it will be determined whether such waivers will be renewed or revised. 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.  |

---

**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 Fund's operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 10/31/26 and total annual fund operating expenses thereafter. Your actual costs may be higher or lower.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE:** | &nbsp;&nbsp;&nbsp;**WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE:** | &nbsp;&nbsp;&nbsp;**WHETHER OR NOT YOU SELL YOUR SHARES, YOUR COST WOULD BE:** | | |
|  | **1 Year** | **3 Years** |<br>**5 Years** |<br>**10 Years** |
| &nbsp;&nbsp;&nbsp;**CLASS R2 SHARES ($)** | 122 | 426 | 751 | 1673 |
| &nbsp;&nbsp;&nbsp;**CLASS R3 SHARES ($)** | 97 | 337 | 596 | 1337 |
| &nbsp;&nbsp;&nbsp;**CLASS R4 SHARES ($)** | 72 | 282 | 510 | 1165 |
| &nbsp;&nbsp;&nbsp;**CLASS R5 SHARES ($)** | 56 | 213 | 384 | 879 |
| &nbsp;&nbsp;&nbsp;**CLASS R6 SHARES ($)** | 46 | 177 | 320 | 736 |

---

------

In addition, the information pertaining to each of the Funds in the "Additional Fee and Expense Information" section in the Prospectuses of the Funds are hereby deleted in their entirety and replaced with the following:

***<u>Class A, Class C and Class I Shares</u>***

---

| | | | |
|:---|:---|:---|:---|
|  | **Class** | **Net Expense Ratio** | **Gross Expense Ratio** |
| &nbsp;&nbsp;&nbsp;JPMorgan Core Bond Fund | A | 0.70% | 0.84% |
|  | C | 1.20% | 1.34% |
|  | I | 0.45% | 0.59% |
| &nbsp;&nbsp;&nbsp;JPMorgan High Yield Fund | A | 0.85% | 1.11% |
|  | C | 1.35% | 1.61% |
|  | I | 0.60% | 0.85% |

---

A Fund's annual return is reduced by its fees and expenses for that year. The examples below are intended to help you understand the annual and cumulative impact of the Fund's fees and expenses on your investment through a hypothetical investment of $10,000 held for the next 10 years. The examples assume the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• On 11/1/25, you invest $10,000 in the Fund and you will hold the shares for the entire 10 year period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your investment has a 5% return each year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Fund's operating expenses remain at the levels discussed below and are not affected by increases or
decreases in Fund assets over time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the time of purchase, any applicable initial sales charges (loads) are deducted; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• There is no sales charge (load) on reinvested dividends.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The annual costs are calculated using the Net Expense Ratios for the period through the expiration of any fee
waivers or expense reimbursements memorialized in a written contract between the Funds and JPMIM and/or its affiliates; and the Gross Expense Ratios thereafter.

"Gross Cumulative Return" shows what the cumulative return on your investment at the end of each fiscal year would be if Fund expenses are not deducted. "Net Cumulative Return" shows what the cumulative return on your investment at the end of each year would be assuming Fund expenses are deducted each year in the amount shown under "Annual Costs."

------

**JPMorgan Core Bond Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Class A** | **Class A** | **Class A** | **Class A** | **Class C<sup>1</sup>** | **Class C<sup>1</sup>** | **Class C<sup>1</sup>** | **Class C<sup>1</sup>** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $444 | 1.06% | 0.39% | 0.39% | $122 | 5.00% | 3.80% | 3.80% |
| October 31, 2027 | 86 | 6.12 | 4.56 | 4.16 | 142 | 10.25 | 7.60 | 3.66 |
| October 31, 2028 | 90 | 11.42 | 8.91 | 4.16 | 147 | 15.76 | 11.54 | 3.66 |
| October 31, 2029 | 93 | 16.99 | 13.45 | 4.16 | 152 | 21.55 | 15.62 | 3.66 |
| October 31, 2030 | 97 | 22.84 | 18.17 | 4.16 | 158 | 27.63 | 19.85 | 3.66 |
| October 31, 2031 | 101 | 28.98 | 23.08 | 4.16 | 164 | 34.01 | 24.24 | 3.66 |
| October 31, 2032 | 106 | 35.43 | 28.20 | 4.16 | 170 | 40.71 | 28.78 | 3.66 |
| October 31, 2033 | 110 | 42.21 | 33.53 | 4.16 | 176 | 47.75 | 33.50 | 3.66 |
| October 31, 2034 | 115 | 49.32 | 39.09 | 4.16 | 114 | 55.13 | 39.05 | 4.16 |
| October 31, 2035 | 119 | 56.78 | 44.88 | 4.16 | 119 | 62.89 | 44.84 | 4.16 |

---

1 The disclosure and numbers for Class C Shares shown above assume that the shareholder did not redeem the shares. With redemption, the numbers for Class C Shares for the first year (period ended October 31, 2026) would be as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Annual Costs** | **Gross Cumulative<br>Return** | **Net Cumulative Return** | **Net Annual Return** |
| $222 | 4.00% | 2.80% | 2.80% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Class I** | **Class I** | **Class I** | **Class I** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $46 | 5.00% | 4.55% | 4.55% |
| October 31, 2027 | 63 | 10.25 | 9.16 | 4.41 |
| October 31, 2028 | 66 | 15.76 | 13.97 | 4.41 |
| October 31, 2029 | 69 | 21.55 | 19.00 | 4.41 |
| October 31, 2030 | 72 | 27.63 | 24.25 | 4.41 |
| October 31, 2031 | 75 | 34.01 | 29.73 | 4.41 |
| October 31, 2032 | 78 | 40.71 | 35.45 | 4.41 |
| October 31, 2033 | 82 | 47.75 | 41.42 | 4.41 |
| October 31, 2034 | 85 | 55.13 | 47.66 | 4.41 |
| October 31, 2035 | 89 | 62.89 | 54.17 | 4.41 |

---

**JPMorgan High Yield Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Class A** | **Class A** | **Class A** | **Class A** | **Class C<sup>1</sup>** | **Class C<sup>1</sup>** | **Class C<sup>1</sup>** | **Class C<sup>1</sup>** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $459 | 1.06% | 0.24% | 0.24% | $137 | 5.00% | 3.65% | 3.65% |
| October 31, 2027 | 113 | 6.12 | 4.14 | 3.89 | 170 | 10.25 | 7.16 | 3.39 |
| October 31, 2028 | 118 | 11.42 | 8.20 | 3.89 | 175 | 15.76 | 10.80 | 3.39 |
| October 31, 2029 | 122 | 16.99 | 12.40 | 3.89 | 181 | 21.55 | 14.55 | 3.39 |
| October 31, 2030 | 127 | 22.84 | 16.78 | 3.89 | 188 | 27.63 | 18.44 | 3.39 |
| October 31, 2031 | 132 | 28.98 | 21.32 | 3.89 | 194 | 34.01 | 22.45 | 3.39 |
| October 31, 2032 | 137 | 35.43 | 26.04 | 3.89 | 200 | 40.71 | 26.60 | 3.39 |
| October 31, 2033 | 143 | 42.21 | 30.94 | 3.89 | 207 | 47.75 | 30.89 | 3.39 |
| October 31, 2034 | 148 | 49.32 | 36.03 | 3.89 | 148 | 55.13 | 35.99 | 3.89 |
| October 31, 2035 | 154 | 56.78 | 41.33 | 3.89 | 154 | 62.89 | 41.28 | 3.89 |

---

1 The disclosure and numbers for Class C Shares shown above assume that the shareholder did not redeem the shares. With redemption, the numbers for Class C Shares for the first year (period ended October 31, 2026) would be as follows:

------

---

| | | | |
|:---|:---|:---|:---|
| **Annual Costs** | **Gross Cumulative<br>Return** | **Net Cumulative Return** | **Net Annual Return** |
| $237 | 4.00% | 2.65% | 2.65% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Class I** | **Class I** | **Class I** | **Class I** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $61 | 5.00% | 4.40% | 4.40% |
| October 31, 2027 | 91 | 10.25 | 8.73 | 4.15 |
| October 31, 2028 | 94 | 15.76 | 13.25 | 4.15 |
| October 31, 2029 | 98 | 21.55 | 17.94 | 4.15 |
| October 31, 2030 | 102 | 27.63 | 22.84 | 4.15 |
| October 31, 2031 | 107 | 34.01 | 27.94 | 4.15 |
| October 31, 2032 | 111 | 40.71 | 33.25 | 4.15 |
| October 31, 2033 | 116 | 47.75 | 38.78 | 4.15 |
| October 31, 2034 | 120 | 55.13 | 44.54 | 4.15 |
| October 31, 2035 | 125 | 62.89 | 50.53 | 4.15 |

---

***<u>Class R2, Class R3, Class R4, Class R5 and Class R6 Shares</u>***

---

| | | | |
|:---|:---|:---|:---|
|  | **Class** | **Net Expense Ratio** | **Gross Expense Ratio** |
| &nbsp;&nbsp;&nbsp;JPMorgan Core Bond Fund | R2 | 1.05% | 1.10% |
|  | R3 | 0.80% | 0.84% |
|  | R4 | 0.55% | 0.59% |
|  | R5 | 0.40% | 0.44% |
|  | R6 | 0.30% | 0.34% |
| &nbsp;&nbsp;&nbsp;JPMorgan High Yield Fund | R2 | 1.20% | 1.41% |
|  | R3 | 0.95% | 1.11% |
|  | R4 | 0.70% | 0.97% |
|  | R5 | 0.55% | 0.72% |
|  | R6 | 0.45% | 0.60% |

---

A Fund's annual return is reduced by its fees and expenses for that year. The examples below are intended to help you understand the annual and cumulative impact of the Fund's fees and expenses on your investment through a hypothetical investment of $10,000 held for the next 10 years. The examples assume the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• On 11/1/25, you invest $10,000 in the Fund and you will hold the shares for the entire 10 year period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your investment has a 5% return each year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Fund's operating expenses remain at the levels discussed below and are not affected by increases or
decreases in Fund assets over time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the time of purchase, any applicable initial sales charges (loads) are deducted; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• There is no sales charge (load) on reinvested dividends.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The annual costs are calculated using the Net Expense Ratios for the period through the expiration of any fee
waivers or expense reimbursements memorialized in a written contract between the Funds and JPMIM and/or its affiliates; and the Gross Expense Ratios thereafter.

"Gross Cumulative Return" shows what the cumulative return on your investment at the end of each fiscal year would be if Fund expenses are not deducted. "Net Cumulative Return" shows what the cumulative return on your investment at the end of each year would be assuming Fund expenses are deducted each year in the amount shown under "Annual Costs."

------

**JPMorgan Core Bond Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Class R2** | **Class R2** | **Class R2** | **Class R2** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $107 | 5.00% | 3.95% | 3.95% |
| October 31, 2027 | 117 | 10.25 | 8.00 | 3.90 |
| October 31, 2028 | 121 | 15.76 | 12.22 | 3.90 |
| October 31, 2029 | 126 | 21.55 | 16.59 | 3.90 |
| October 31, 2030 | 131 | 27.63 | 21.14 | 3.90 |
| October 31, 2031 | 136 | 34.01 | 25.86 | 3.90 |
| October 31, 2032 | 141 | 40.71 | 30.77 | 3.90 |
| October 31, 2033 | 147 | 47.75 | 35.87 | 3.90 |
| October 31, 2034 | 152 | 55.13 | 41.17 | 3.90 |
| October 31, 2035 | 158 | 62.89 | 46.68 | 3.90 |
|  | **Class R3** | **Class R3** | **Class R3** | **Class R3** |
| **Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $82 | 5.00% | 4.20% | 4.20% |
| October 31, 2027 | 89 | 10.25 | 8.53 | 4.16 |
| October 31, 2028 | 93 | 15.76 | 13.05 | 4.16 |
| October 31, 2029 | 97 | 21.55 | 17.75 | 4.16 |
| October 31, 2030 | 101 | 27.63 | 22.65 | 4.16 |
| October 31, 2031 | 105 | 34.01 | 27.75 | 4.16 |
| October 31, 2032 | 110 | 40.71 | 33.07 | 4.16 |
| October 31, 2033 | 114 | 47.75 | 38.60 | 4.16 |
| October 31, 2034 | 119 | 55.13 | 44.37 | 4.16 |
| October 31, 2035 | 124 | 62.89 | 50.38 | 4.16 |
|  | **Class R4** | **Class R4** | **Class R4** | **Class R4** |
| **Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $56 | 5.00% | 4.45% | 4.45% |
| October 31, 2027 | 63 | 10.25 | 9.06 | 4.41 |
| October 31, 2028 | 66 | 15.76 | 13.87 | 4.41 |
| October 31, 2029 | 69 | 21.55 | 18.89 | 4.41 |
| October 31, 2030 | 72 | 27.63 | 24.13 | 4.41 |
| October 31, 2031 | 75 | 34.01 | 29.60 | 4.41 |
| October 31, 2032 | 78 | 40.71 | 35.32 | 4.41 |
| October 31, 2033 | 82 | 47.75 | 41.29 | 4.41 |
| October 31, 2034 | 85 | 55.13 | 47.52 | 4.41 |
| October 31, 2035 | 89 | 62.89 | 54.02 | 4.41 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Class R5** | **Class R5** | **Class R5** | **Class R5** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $41 | 5.00% | 4.60% | 4.60% |
| October 31, 2027 | 47 | 10.25 | 9.37 | 4.56 |
| October 31, 2028 | 49 | 15.76 | 14.36 | 4.56 |
| October 31, 2029 | 51 | 21.55 | 19.57 | 4.56 |
| October 31, 2030 | 54 | 27.63 | 25.02 | 4.56 |
| October 31, 2031 | 56 | 34.01 | 30.73 | 4.56 |
| October 31, 2032 | 59 | 40.71 | 36.69 | 4.56 |
| October 31, 2033 | 62 | 47.75 | 42.92 | 4.56 |
| October 31, 2034 | 64 | 55.13 | 49.44 | 4.56 |
| October 31, 2035 | 67 | 62.89 | 56.25 | 4.56 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Class R6** | **Class R6** | **Class R6** | **Class R6** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $31 | 5.00% | 4.70% | 4.70% |
| October 31, 2027 | 36 | 10.25 | 9.58 | 4.66 |
| October 31, 2028 | 38 | 15.76 | 14.69 | 4.66 |
| October 31, 2029 | 40 | 21.55 | 20.03 | 4.66 |
| October 31, 2030 | 42 | 27.63 | 25.62 | 4.66 |
| October 31, 2031 | 44 | 34.01 | 31.48 | 4.66 |
| October 31, 2032 | 46 | 40.71 | 37.60 | 4.66 |
| October 31, 2033 | 48 | 47.75 | 44.02 | 4.66 |
| October 31, 2034 | 50 | 55.13 | 50.73 | 4.66 |
| October 31, 2035 | 52 | 62.89 | 57.75 | 4.66 |

---

**JPMorgan High Yield Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Class R2** | **Class R2** | **Class R2** | **Class R2** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $122 | 5.00% | 3.80% | 3.80% |
| October 31, 2027 | 149 | 10.25 | 7.53 | 3.59 |
| October 31, 2028 | 154 | 15.76 | 11.39 | 3.59 |
| October 31, 2029 | 160 | 21.55 | 15.39 | 3.59 |
| October 31, 2030 | 166 | 27.63 | 19.53 | 3.59 |
| October 31, 2031 | 172 | 34.01 | 23.82 | 3.59 |
| October 31, 2032 | 178 | 40.71 | 28.26 | 3.59 |
| October 31, 2033 | 184 | 47.75 | 32.87 | 3.59 |
| October 31, 2034 | 191 | 55.13 | 37.64 | 3.59 |
| October 31, 2035 | 198 | 62.89 | 42.58 | 3.59 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Class R3** | **Class R3** | **Class R3** | **Class R3** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $97 | 5.00% | 4.05% | 4.05% |
| October 31, 2027 | 118 | 10.25 | 8.10 | 3.89 |
| October 31, 2028 | 122 | 15.76 | 12.30 | 3.89 |
| October 31, 2029 | 127 | 21.55 | 16.67 | 3.89 |
| October 31, 2030 | 132 | 27.63 | 21.21 | 3.89 |
| October 31, 2031 | 137 | 34.01 | 25.92 | 3.89 |
| October 31, 2032 | 142 | 40.71 | 30.82 | 3.89 |
| October 31, 2033 | 148 | 47.75 | 35.91 | 3.89 |
| October 31, 2034 | 154 | 55.13 | 41.20 | 3.89 |
| October 31, 2035 | 160 | 62.89 | 46.69 | 3.89 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Class R4** | **Class R4** | **Class R4** | **Class R4** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $72 | 5.00% | 4.30% | 4.30% |
| October 31, 2027 | 103 | 10.25 | 8.50 | 4.03 |
| October 31, 2028 | 107 | 15.76 | 12.88 | 4.03 |
| October 31, 2029 | 112 | 21.55 | 17.42 | 4.03 |
| October 31, 2030 | 116 | 27.63 | 22.16 | 4.03 |
| October 31, 2031 | 121 | 34.01 | 27.08 | 4.03 |
| October 31, 2032 | 126 | 40.71 | 32.20 | 4.03 |
| October 31, 2033 | 131 | 47.75 | 37.53 | 4.03 |
| October 31, 2034 | 136 | 55.13 | 43.07 | 4.03 |
| October 31, 2035 | 142 | 62.89 | 48.84 | 4.03 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Class R5** | **Class R5** | **Class R5** | **Class R5** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $56 | 5.00% | 4.45% | 4.45% |
| October 31, 2027 | 77 | 10.25 | 8.92 | 4.28 |
| October 31, 2028 | 80 | 15.76 | 13.58 | 4.28 |
| October 31, 2029 | 84 | 21.55 | 18.44 | 4.28 |
| October 31, 2030 | 87 | 27.63 | 23.51 | 4.28 |
| October 31, 2031 | 91 | 34.01 | 28.80 | 4.28 |
| October 31, 2032 | 95 | 40.71 | 34.31 | 4.28 |
| October 31, 2033 | 99 | 47.75 | 40.06 | 4.28 |
| October 31, 2034 | 103 | 55.13 | 46.06 | 4.28 |
| October 31, 2035 | 107 | 62.89 | 52.31 | 4.28 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Class R6** | **Class R6** | **Class R6** | **Class R6** |
| <br>**Period Ended** | **Annual<br>Costs** | **Gross<br>Cumulative<br>Return** | **Net<br>Cumulative<br>Return** | **Net<br>Annual<br>Return** |
| October 31, 2026 | $46 | 5.00% | 4.55% | 4.55% |
| October 31, 2027 | 64 | 10.25 | 9.15 | 4.40 |
| October 31, 2028 | 67 | 15.76 | 13.95 | 4.40 |
| October 31, 2029 | 70 | 21.55 | 18.97 | 4.40 |
| October 31, 2030 | 73 | 27.63 | 24.20 | 4.40 |
| October 31, 2031 | 76 | 34.01 | 29.67 | 4.40 |
| October 31, 2032 | 80 | 40.71 | 35.37 | 4.40 |
| October 31, 2033 | 83 | 47.75 | 41.33 | 4.40 |
| October 31, 2034 | 87 | 55.13 | 47.55 | 4.40 |
| October 31, 2035 | 90 | 62.89 | 54.04 | 4.40 |

---

**INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE** 

**SUMMARY PROSPECTUSES AND PROSPECTUSES FOR FUTURE REFERENCE**