<p><span style="font-size: 8pt;font-family: Arial;">The Fund seeks to provide income by investing primarily in a diversified portfolio of fixed income securities.</span></p>


JPMorgan Asset Management (Europe) S.à r.l.

J.P. Morgan Investment Management, Inc.

USD Flexible Bond

Morningstar US Core Bd TR USD

Fixed Income

Bloomberg US Agg Bond TR USD

JPM Income A (mth) HKD

JPM Income A (acc) USD

2023

2022

2021

2020

2019

FixedIncome

United States

Cayman Islands

Luxembourg

Canada

Other countries

Unclassified

Bond - Corporate Bond

Bond - Asset Backed

Bond - Gov't Agency Pass-Thru

Bond - Gov't Agency CMO

Bond - Gov't/Treasury

Mutual Fund - Unspecified

Mutual Fund - Open End

Bond - Bank Loans

Bond - Gov't Agency Debt

Bond - Treasury Future

Muni Bond - Revenue

Bond - Gov't Agency ARM

Credit Default Swap

Government National Mortgage Association 6.5% (2054-08-20 Maturity)

Government National Mortgage Association 6.5% (2054-06-20 Maturity)

Government National Mortgage Association 5.5% (2052-12-20 Maturity)

Federal National Mortgage Association 6% (2053-07-01 Maturity)

Government National Mortgage Association 7% (2054-04-20 Maturity)

Federal National Mortgage Association 10.9633% (2029-09-25 Maturity)

JPM USD Liquidity LVNAV X (dist.) (2049-12-31 Maturity)

DISH DBS Corporation 5.875% (2024-11-15 Maturity)

JPM Global High Yield Bond X (mth) USD

Government National Mortgage Association 6.5% (2054-05-20 Maturity)