FACT SHEET | June 30, 2020 JPMorgan Hedged Equity Fund A Shares: JHQAX C Shares: JHQCX I Shares: JHEQX R5 Shares: JHQPX R6 Shares: JHQRX Designed to provide capital appreciation through a diversified equity portfolio, while hedging overall market exposure. APPROACH &#149; Invests in a portfolio of U.S. large cap stocks while employing a disciplined options strategy that seeks to reduce downside risk in falling markets &#149; Constructs a diversified U.S. equity portfolio through a proprietary research process designed to identify over- and undervalued stocks while maintaining characteristics similar to the S&P 500 &#149; Seeks to provide a majority of S&P 500 Index's returns with less volatility and less downside EXPERTISE Portfolio manager(s) and years of experience Raffaele Zingone, 29 yrs Hamilton Reiner, 33 yrs FUND INFORMATION Class launch Dec 13, 2013 Fund number 3069 CUSIP 46637K281 Fund assets $8.41 bn Annual expenses (%) Net Expenses: 0.60 Gross Expenses: 0.62 Minimum initial investment $1M RATINGS Morningstar Analyst Rating 9/19/2019 Silver Morningstar Star Rating 6/30/20 Overall Morningstar Rating™ ★★★★★ Morningstar Category™ Options-based Overall Morningstar ratings 5 stars; 117 funds. Three year rating 5 stars; 117 funds. Five year rating 5 stars; 65 funds. Ten year period, not yet rated. Ratings reflect risk-adjusted performance. Different share classes may have different ratings. Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. PERFORMANCE DISCLOSURES Performance quoted is past performance and is no guarantee of future results. Investment returns and principal value will fluctuate, so shares, when sold, may be worth more or less than original cost. Current performance may be higher or lower than returns shown. Call 1-800-480-4111 for most recent month-end performance. ^ Fund performance inception: 12/13/2013 PERFORMANCE Benchmark 2: ICE BofAML 3-Month US Treasury Bill Index B2 Benchmark 1: S&P 500 Index B1 Fund : Class I Shares F GROWTH OF $100,000 12/13/2013 (Launch) 6/30/2020 20 19 17 15 100 80 160 240 Ending Value $158,090 F Since inception with dividends and capital gains reinvested. There is no direct correlation between a hypothetical investment and the anticipated performance of the Fund. CALENDAR YEAR PERFORMANCE (%) 31.49 -4.38 21.83 11.96 1.38 13.69 B1 13.31 -0.71 12.70 9.58 -1.43 9.62 F 2019 2018 2017 2016 2015 2014 -20 0 20 40 RETURN (%) 0.92 1.19 1.77 1.63 0.60 0.02 B2 11.13 10.73 10.73 7.51 -3.08 20.54 B1 7.27 7.13 7.43 9.30 3.69 9.06 at NAV F Launch ^ 5 yrs 3 yrs 1 yr YTD 3 mos AVERAGE ANNUAL RETURN TOTAL RETURN 

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JPMorgan Hedged Equity Fund.PDF

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