Form 485BPOS UNDISCOVERED MANAGERS

June 23, 2021 4:23 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

SCHEDULE B

TO THE DISTRIBUTION AGREEMENT

(Amended as of February 9, 2021)

Money Market Funds

 

Current Name

  

Prior Name

JPMorgan 100% U.S. Treasury Securities Money Market Fund    JPMorgan 100% U.S. Treasury Securities Money Market Fund
JPMorgan California Municipal Money Market Fund    JPMorgan California Tax Free Money Market Fund
JPMorgan Federal Money Market Fund    JPMorgan Federal Money Market Fund
JPMorgan Institutional Tax Free Money Market Fund    N/A
JPMorgan Liquid Assets Money Market Fund    One Group Prime Money Market Fund
JPMorgan Municipal Money Market Fund    One Group Municipal Money Market Fund
JPMorgan New York Municipal Market Fund    JPMorgan New York Tax Free Money Market Fund
JPMorgan Prime Money Market Fund    JPMorgan Prime Money Market Fund
JPMorgan Securities Lending Money Market Fund    N/A
JPMorgan Tax Free Money Market Fund    JPMorgan Tax Free Money Market Fund
JPMorgan U.S. Government Money Market Fund    One Group Government Money Market Fund
JPMorgan U.S. Treasury Plus Money Market Fund    One Group U.S. Treasury Securities Money Market Fund

Equity Funds

 

Current Name

  

Prior Name

JPMorgan Diversified Fund    JPMorgan Diversified Fund
JPMorgan Access Balanced Fund    N/A
JPMorgan Access Growth Fund    N/A
JPMorgan Emerging Markets Equity Fund    JPMorgan Fleming Emerging Markets Equity Fund
JPMorgan Emerging Markets Research Enhanced Equity Fund    N/A
JPMorgan Equity Focus Fund    N/A
JPMorgan Equity Income Fund    One Group Equity Income Fund
JPMorgan Equity Index Fund    One Group Equity Index Fund
JPMorgan Equity Premium Income Fund    N/A
JPMorgan Europe Dynamic Fund    JPMorgan Intrepid European Fund and JPMorgan Fleming Intrepid European Fund
JPMorgan Growth Advantage Fund    JPMorgan Mid Cap Growth Fund
JPMorgan U.S. Value Fund    JPMorgan Growth and Income Fund (name effective until 11/1/20)
JPMorgan Hedged Equity Fund    N/A
JPMorgan Hedged Equity 2 Fund    N/A
JPMorgan Hedged Equity 3 Fund    N/A
JPMorgan Insurance Trust Mid Cap Value Portfolio    One Group Investment Trust Mid Cap Value Portfolio, JPMorgan Investment Trust Mid Cap Value Portfolio and JPMorgan Insurance Trust Diversified Mid Cap Value Portfolio (name effective until 4/24/09)
JPMorgan Insurance Trust Small Cap Core Portfolio    JPMorgan Insurance Trust Small Cap Equity Portfolio (name effective until 4/24/09)
JPMorgan Insurance Trust U.S. Equity Portfolio    One Group Investment Trust Diversified Equity Portfolio, JPMorgan Investment Trust Diversified Equity Portfolio and JPMorgan Insurance Trust Diversified Equity Portfolio (name effective until 4/24/09)

 

B-1


Current Name

  

Prior Name

JPMorgan International Advantage Fund1    JPMorgan Intrepid International Fund, JPMorgan Fleming Tax Aware International Opportunities Fund and JPMorgan Tax Aware International Opportunities Fund
JPMorgan International Equity Fund    JPMorgan Fleming International Equity Fund
JPMorgan International Equity Plus Fund    N/A
JPMorgan International Hedged Equity Fund    N/A
JPMorgan International Research Enhanced Equity Fund    One Group International Equity Index Fund and JPMorgan International Equity Index Fund (name effective until 6/30/14)
JPMorgan International Focus Fund    JPMorgan International Unconstrained Equity Fund (name effective until 4/20/20)
JPMorgan International Value Fund    JPMorgan Fleming International Value Fund
JPMorgan U.S. GARP Equity Fund    JPMorgan Intrepid Growth Fund
JPMorgan SMID Cap Equity Fund    JPMorgan Intrepid Mid Cap Fund (name effective until 11/1/20), One Group Diversified Mid Cap Fund and JPMorgan Diversified Mid Cap Fund
JPMorgan U.S. Sustainable Leaders Fund    JPMorgan Intrepid Sustainable Equity Fund, JPMorgan Intrepid Advantage Fund , JPMorgan Intrepid Investor Fund, JPMorgan Intrepid Contrarian Fund (name effective until 4/10/06) and JPMorgan Intrepid Multi Cap Fund (name effective until 4/30/13)
JPMorgan Intrepid Value Fund2    JPMorgan Intrepid Value Fund
JPMorgan Large Cap Growth Fund    One Group Large Cap Growth Fund
JPMorgan Large Cap Value Fund    One Group Large Cap Value Fund
JPMorgan Macro Opportunities Fund    N/A
JPMorgan Market Expansion Enhanced Index Fund    One Group Market Expansion Index Fund and JPMorgan Market Expansion Index Fund (name effective until 4/30/13)
JPMorgan Mid Cap Equity Fund    JPMorgan Mid Cap Equity Fund
JPMorgan Mid Cap Growth Fund    One Group Mid Cap Growth Fund and JPMorgan Diversified Mid Cap Growth Fund (name effective until 6/27/09)
JPMorgan Mid Cap Value Fund    JPMorgan Mid Cap Value Fund
JPMorgan Opportunistic Equity Long/Short Fund    N/A
JPMorgan Realty Income Fund    Undiscovered Managers REIT Fund
JPMorgan Research Market Neutral Fund    JPMorgan Market Neutral Fund (name effective until 2/28/10)
JPMorgan Small Cap Blend Fund    JPMorgan Dynamic Small Cap Growth Fund and JPMorgan Dynamic Small Cap Fund (name effective until 6/29/07)
JPMorgan Small Cap Core Fund3    JPMorgan Trust Small Cap Equity Fund
JPMorgan Small Cap Equity Fund    JPMorgan Small Cap Equity Fund
JPMorgan Small Cap Growth Fund    One Group Small Cap Growth Fund
JPMorgan Small Cap Value Fund    One Group Small Cap Value Fund

 

 

1 

To be liquidated on or about February 26, 2021

2 

To be renamed JPMorgan U.S. Applied Data Science Value Fund on or about July 1, 2021

3 

To be renamed JPMorgan Small Cap Sustainable Leaders Fund on or about May 1, 2021

 

B-2


Current Name

  

Prior Name

JPMorgan Tax Aware Equity Fund    JPMorgan Tax Aware Disciplined Equity Fund (name effective until 12/10/10)
JPMorgan U.S. Equity Fund    JPMorgan U.S. Equity Fund
JPMorgan U.S. Large Cap Core Plus Fund    N/A
JPMorgan U.S. Research Enhanced Equity Fund    JPMorgan Disciplined Equity Fund (name effective until 11/1/17)
JPMorgan U.S. Small Company Fund    JPMorgan U.S. Small Company Fund
JPMorgan Value Advantage Fund    N/A
Undiscovered Managers Behavioral Value Fund    Undiscovered Managers Behavioral Value Fund

Fixed Income Funds

 

Current Name

  

Prior Name

JPMorgan California Tax Free Bond Fund    JPMorgan California Bond Fund
JPMorgan Commodities Strategy Fund    N/A
JPMorgan Core Bond Fund    One Group Bond Fund
JPMorgan Core Focus SMA Fund    N/A
JPMorgan Core Plus Bond Fund    One Group Income Bond Fund
JPMorgan Corporate Bond Fund    N/A
JPMorgan Emerging Markets Debt Fund    JPMorgan Fleming Emerging Markets Debt Fund
JPMorgan Emerging Markets Strategic Debt Fund    JPMorgan Emerging Markets Local Currency Debt Fund (name effective until 9/30/16)
JPMorgan Floating Rate Income Fund    N/A
JPMorgan Global Bond Opportunities Fund    N/A
JPMorgan Government Bond Fund    One Group Government Bond Fund
JPMorgan High Yield Fund    One Group High Yield Bond Fund and JPMorgan High Yield Bond Fund (name effective until 9/14/09)
JPMorgan High Yield Municipal Fund    N/A
JPMorgan Income Builder Fund    JPMorgan World Income Builder Fund
JPMorgan Income Fund    N/A
JPMorgan Inflation Managed Bond Fund    N/A
JPMorgan Insurance Trust Core Bond Portfolio    One Group Investment Trust Bond Portfolio and JPMorgan Investment Trust Bond Portfolio
JPMorgan Insurance Trust Income Builder Portfolio    N/A
JPMorgan Intermediate Tax Free Bond Fund    JPMorgan Intermediate Tax Free Income Fund
JPMorgan Limited Duration Bond Fund    One Group Ultra Short-Term Bond Fund and JPMorgan Ultra Short Term Bond Fund (name effective until 7/1/06) and JPMorgan Ultra Short Duration Bond Fund (effective until 8/31/09)
JPMorgan Managed Income Fund    N/A
JPMorgan Mortgage-Backed Securities Fund    One Group Mortgage-Backed Securities Fund
JPMorgan Sustainable Municipal Income Fund    JPMorgan Municipal Income Fund (name effective until 9/15/20), One Group Municipal Income Fund
JPMorgan Municipal SMA Fund    N/A
JPMorgan New York Tax Free Bond Fund    JPMorgan New York Intermediate Tax Free Income Fund
JPMorgan Short Duration Bond Fund    One Group Short-Term Bond Fund
JPMorgan Short Duration Core Plus Fund    JPMorgan Short Duration High Yield Fund
JPMorgan Short-Intermediate Municipal Bond Fund    One Group Short-Term Municipal Bond Fund and JPMorgan Short Term Municipal Bond Fund (name effective until 4/30/09)

 

B-3


Current Name

  

Prior Name

JPMorgan Strategic Income Opportunities Fund    N/A
JPMorgan Tax Aware Income Opportunities Fund    N/A
JPMorgan Tax Aware Real Return Fund    N/A
JPMorgan Tax Free Bond Fund    One Group Tax-Free Bond Fund
JPMorgan Total Return Fund    N/A
JPMorgan Ultra-Short Municipal Fund    N/A
JPMorgan Unconstrained Debt Fund    JPMorgan Multi-Sector Income Fund (name effective until 10/22/14)

Investor Funds

 

Current Name

  

Prior Name

JPMorgan Investor Balanced Fund    One Group Investor Balanced Fund
JPMorgan Investor Conservative Growth Fund    One Group Investor Conservative Growth Fund
JPMorgan Investor Growth & Income Fund    One Group Investor Growth & Income Fund
JPMorgan Investor Growth Fund    One Group Investor Growth Fund

JPMorgan SmartRetirement Funds

 

Current Name

  

Prior Name

JPMorgan SmartRetirement Income Fund

  

N/A

JPMorgan SmartRetirement 2020 Fund

  

N/A

JPMorgan SmartRetirement 2025 Fund

  

N/A

JPMorgan SmartRetirement 2030 Fund

  

N/A

JPMorgan SmartRetirement 2035 Fund

  

N/A

JPMorgan SmartRetirement 2040 Fund

  

N/A

JPMorgan SmartRetirement 2045 Fund

  

N/A

JPMorgan SmartRetirement 2050 Fund

  

N/A

JPMorgan SmartRetirement 2055 Fund

  

N/A

JPMorgan SmartRetirement 2060 Fund

  

N/A

JPMorgan SmartRetirement Blend Income Fund

  

N/A

JPMorgan SmartRetirement Blend 2020 Fund

  

N/A

JPMorgan SmartRetirement Blend 2025 Fund

  

N/A

JPMorgan SmartRetirement Blend 2030 Fund

  

N/A

JPMorgan SmartRetirement Blend 2035 Fund

  

N/A

JPMorgan SmartRetirement Blend 2040 Fund

  

N/A

JPMorgan SmartRetirement Blend 2045 Fund

  

N/A

JPMorgan SmartRetirement Blend 2050 Fund

  

N/A

JPMorgan SmartRetirement Blend 2055 Fund

  

N/A

JPMorgan SmartRetirement Blend 2060 Fund

  

N/A

Other Funds

 

Current Name

  

Prior Name

JPMorgan Global Allocation Fund    JPMorgan Global Flexible Fund (name effective until 2/17/11)
JPMorgan Insurance Trust Global Allocation Portfolio    N/A
JPMorgan SmartSpending 2015 Fund    JPMorgan SmartSpending 2050 Fund (name effective until 5/1/20)
JPMorgan SmartSpending 2020 Fund    N/A

 

B-4


*            *             *            *

 

J.P. Morgan Fleming Mutual Fund Group, Inc.

J.P. Morgan Mutual Fund Investment Trust

Undiscovered Managers Funds

JPMorgan Trust I

JPMorgan Trust II

JPMorgan Trust IV

JPMorgan Insurance Trust

Each on behalf of itself and each of its Funds

    JPMORGAN DISTRIBUTION SERVICES, INC.
By:  

                 

    By:  

                                      

Name:  

                 

    Name:  

                                      

Title:  

             

    Title:  

                          

 

B-5

SCHEDULE C

TO THE DISTRIBUTION AGREEMENT

Shares Subject to Front-End Sales Load

(Amended as of May 13, 2021)

Equity Funds

 

Current Name

  

Prior Name

JPMorgan Diversified Fund

  

JPMorgan Diversified Fund

JPMorgan Emerging Markets Equity Fund

  

JPMorgan Fleming Emerging Markets Equity Fund

JPMorgan International Equity Fund

  

JPMorgan Fleming International Equity Fund

JPMorgan International Value Fund

  

JPMorgan Fleming International Value Fund

JPMorgan U.S. GARP Equity Fund

  

JPMorgan Intrepid Growth Fund

JPMorgan Intrepid Value Fund1

  

JPMorgan Intrepid Value Fund

JPMorgan Research Market Neutral Fund

  

JPMorgan Market Neutral Fund (name effective until 2/28/10)

JPMorgan Mid Cap Equity Fund

  

JPMorgan Mid Cap Equity Fund

JPMorgan Growth Advantage Fund

  

JPMorgan Mid Cap Growth Fund

JPMorgan Mid Cap Value Fund

  

JPMorgan Mid Cap Value Fund

JPMorgan Small Cap Equity Fund

  

JPMorgan Small Cap Equity Fund

JPMorgan U.S. Equity Fund

  

JPMorgan U.S. Equity Fund

Undiscovered Managers Behavioral Value Fund

  

Undiscovered Managers Behavioral Value Fund

JPMorgan Realty Income Fund

  

Undiscovered Managers REIT Fund

JPMorgan Equity Income Fund

  

One Group Equity Income Fund

JPMorgan Equity Index Fund

  

One Group Equity Index Fund

JPMorgan International Research Enhanced Equity Fund

  

One Group International Equity Index Fund and JPMorgan International Equity Index Fund (name effective until 6/30/14)

JPMorgan Large Cap Growth Fund

  

One Group Large Cap Growth Fund

JPMorgan Large Cap Value Fund

  

One Group Large Cap Value Fund

JPMorgan Market Expansion Enhanced Index Fund

  

One Group Market Expansion Index Fund and JPMorgan Market Expansion Index Fund (name effective until 4/30/13)

 

Current Name

  

Prior Name

JPMorgan Mid Cap Growth Fund

  

One Group Mid Cap Growth Fund and JPMorgan Diversified Mid Cap Growth Fund (name effective until 6/27/09)

JPMorgan Small Cap Growth Fund

  

One Group Small Cap Growth Fund

JPMorgan Small Cap Value Fund

  

One Group Small Cap Value Fund

JPMorgan Value Advantage Fund

  

N/A

JPMorgan U.S. Large Cap Core Plus Fund

  

N/A

JPMorgan U.S. Small Company Fund

  

N/A

JPMorgan Access Balanced Fund

  

N/A

JPMorgan Access Growth Fund

  

N/A

JPMorgan Tax Aware Equity Fund

  

JPMorgan Tax Aware Disciplined Equity Fund (name effective until 12/10/10)

JPMorgan Equity Focus Fund

  

N/A

JPMorgan Hedged Equity Fund        N/A

 

1 

To be renamed JPMorgan U.S. Applied Data Science Value Fund on or about July 1, 2021


JPMorgan Opportunistic Equity Long/Short Fund

  

N/A

JPMorgan Equity Premium Income Fund

  

N/A

JPMorgan U.S. Value Fund

  

N/A

JPMorgan Hedged Equity 2 Fund

  

N/A

JPMorgan Hedged Equity 3 Fund

  

N/A

JPMorgan International Equity Plus Fund

  

N/A

JPMorgan International Hedged Equity Fund

  

N/A

JPMorgan International Focus Fund

  

N/A

JPMorgan Europe Dynamic Fund

  

N/A

JPMorgan SMID Cap Equity Fund

  

N/A

JPMorgan U.S. Sustainable Leaders Fund

  

N/A

JPMorgan Small Cap Blend Fund

  

N/A

JPMorgan Small Cap Core Fund2

  

N/A

JPMorgan U.S. Research Enhanced Equity Fund

  

N/A

Fixed Income Funds

 

Current Name

  

Prior Name

JPMorgan California Tax Free Bond Fund

  

JPMorgan California Bond Fund

JPMorgan Emerging Markets Debt Fund

  

JPMorgan Fleming Emerging Markets Debt Fund

JPMorgan Intermediate Tax Free Bond Fund

  

JPMorgan Intermediate Tax Free Income Fund

JPMorgan New York Tax Free Bond Fund

  

JPMorgan New York Intermediate Tax Free Income Fund

JPMorgan Core Bond Fund

  

One Group Bond Fund

JPMorgan Government Bond Fund

  

One Group Government Bond Fund

JPMorgan High Yield Fund

  

One Group High Yield Bond Fund and JPMorgan High Yield Bond Fund (name effective until 9/14/09)

JPMorgan Core Plus Bond Fund

  

One Group Income Bond Fund

JPMorgan Mortgage-Backed Securities Fund

  

One Group Mortgage-Backed Securities Fund

 

Current Name

  

Prior Name

JPMorgan Short Duration Bond Fund

  

One Group Short-Term Bond Fund

JPMorgan Short-Intermediate Municipal Bond Fund

  

One Group Short-Term Municipal Bond Fund and JPMorgan Short Term Municipal Bond Fund (name effective until 4/30/09)

JPMorgan Tax Free Bond Fund

  

One Group Tax-Free Bond Fund

JPMorgan Limited Duration Bond Fund

  

One Group Ultra Short-Term Bond Fund and JPMorgan Ultra Short Term Bond Fund (name effective until 7/1/06) and JPMorgan Ultra Short Duration Bond Fund (name effective until 8/31/09)

JPMorgan Tax Aware Real Return Fund

  

N/A

JPMorgan Income Builder Fund

  

JPMorgan World Income Builder Fund

JPMorgan Strategic Income Opportunities Fund    

  

N/A

 

2 

To be renamed JPMorgan Small Cap Sustainable Leaders Fund on or about July 1, 2021


JPMorgan Total Return Fund

  

N/A

JPMorgan Inflation Managed Bond Fund

  

N/A

JPMorgan Unconstrained Debt Fund

  

JPMorgan Multi-Sector Income Fund (name effective until 10/22/14)

JPMorgan Floating Rate Income Fund

  

N/A

JPMorgan Emerging Markets Strategic Debt Fund

  

JPMorgan Emerging Markets Local Currency Debt Fund (name effective until 9/30/16)

JPMorgan Global Bond Opportunities Fund

  

N/A

JPMorgan Corporate Bond Fund

  

N/A

JPMorgan Income Fund

  

N/A

JPMorgan Ultra-Short Municipal Fund

  

N/A

JPMorgan Sustainable Municipal Income Fund

  

N/A

JPMorgan High Yield Municipal Fund

  

N/A

JPMorgan Short Duration Core Plus Fund

  

N/A

Investor Funds

 

Current Name

  

Prior Name

JPMorgan Investor Balanced Fund

  

One Group Investor Balanced Fund

JPMorgan Investor Conservative Growth Fund

  

One Group Investor Conservative Growth Fund

JPMorgan Investor Growth & Income Fund

  

One Group Investor Growth & Income Fund

JPMorgan Investor Growth Fund

  

One Group Investor Growth Fund

JPMorgan SmartRetirement Funds

 

Current Name

  

Prior Name

JPMorgan SmartRetirement Income Fund

  

N/A

JPMorgan SmartRetirement 2020 Fund

  

N/A

JPMorgan SmartRetirement 2025 Fund

  

N/A

JPMorgan SmartRetirement 2030 Fund

  

N/A

JPMorgan SmartRetirement 2035 Fund

  

N/A

JPMorgan SmartRetirement 2040 Fund

  

N/A

JPMorgan SmartRetirement 2045 Fund

  

N/A

JPMorgan SmartRetirement 2050 Fund

  

N/A

JPMorgan SmartRetirement 2055 Fund

  

N/A

JPMorgan SmartRetirement 2060 Fund

  

N/A

Other Funds

 

Current Name

  

Prior Name

JPMorgan Global Allocation Fund

  

JPMorgan Global Flexible Fund (name effective until 2/17/11)

JPMorgan Macro Opportunities Fund

  

N/A

JPMorgan SmartSpending 2015 Fund

  

N/A

JPMorgan SmartSpending 2020 Fund

  

N/A

*        *        *          *        *        *        *


J.P. Morgan Fleming Mutual Fund Group, Inc.

J.P. Morgan Mutual Fund Investment Trust

Undiscovered Managers Funds

JPMorgan Trust I

JPMorgan Trust II

JPMorgan Trust IV

JPMorgan Insurance Trust

    JPMORGAN DISTRIBUTION SERVICES, INC.
Each on behalf of itself and each of its Funds      
By:  

 

    By:  

 

Name:  

 

    Name:  

 

Title:  

 

    Title:  

 

SCHEDULE D

TO THE DISTRIBUTION AGREEMENT

Distribution Plan Classes

(Amended as of February 9, 2021)

Name of the Fund

Money Market Funds

 

Current Name

  

Prior Name

JPMorgan 100% U.S. Treasury Securities Money Market Fund – Morgan Class Shares

  

JPMorgan 100% U.S. Treasury Securities Money Market Fund – Morgan Class Shares

JPMorgan 100% U.S. Treasury Securities Money Market Fund – Reserve Class Shares

  

JPMorgan 100% U.S. Treasury Securities Money Market Fund – Reserve Class Shares

JPMorgan California Municipal Money Market Fund – Morgan Class Shares

  

JPMorgan California Tax Free Money Market Fund – Morgan Class Shares

JPMorgan California Municipal Money Market Fund – E*TRADE Class Shares

  

N/A

JPMorgan California Municipal Money Market Fund – Service Shares

  

N/A

JPMorgan Federal Money Market Fund – Morgan Class Shares

  

JPMorgan Federal Money Market Fund – Morgan Class Shares

JPMorgan New York Municipal Market Fund – Morgan Class Shares

  

JPMorgan New York Tax Free Money Market Fund – Morgan Class Shares

JPMorgan New York Municipal Market Fund – Reserve Class Shares

  

JPMorgan New York Tax Free Money Market Fund – Reserve Class Shares

JPMorgan New York Municipal Money Market Fund – E*TRADE Class Shares

  

N/A

JPMorgan New York Municipal Money Market Fund – Service Shares

  

N/A

JPMorgan Prime Money Market Fund – Reserve Class Shares

  

JPMorgan Prime Money Market Fund – Reserve Class Shares

JPMorgan Tax Free Money Market Fund – Morgan Class Shares

  

JPMorgan Tax Free Money Market Fund – Morgan Class Shares

JPMorgan Tax Free Money Market Fund – Reserve Class Shares

  

JPMorgan Tax Free Money Market Fund – Reserve Class Shares

JPMorgan U.S. Government Money Market Fund – Morgan Class Shares

  

One Group Government Money Market Fund – Morgan Class Shares

JPMorgan U.S. Government Money Market Fund – Reserve Class Shares

  

One Group Government Money Market Fund – Class A Shares

JPMorgan U.S. Government Money Market Fund – Service Shares

  

N/A

JPMorgan U.S. Government Money Market Fund – E*TRADE Shares

  

N/A

JPMorgan Municipal Money Market Fund – Service Shares

  

N/A

JPMorgan Municipal Money Market Fund – Morgan Class Shares

  

One Group Municipal Money Market Fund – Morgan Class Shares

JPMorgan Municipal Money Market Fund – E*TRADE Class Shares

  

N/A

JPMorgan Liquid Assets Money Market Fund – Reserve Class Shares

  

One Group Prime Money Market Fund – Class A Shares

 

D-1


Current Name

  

Prior Name

JPMorgan Liquid Assets Money Market Fund – Morgan Class Shares

  

One Group Prime Money Market Fund – Morgan Class Shares

JPMorgan Liquid Assets Money Market Fund – E*TRADE Class Shares

  

N/A

JPMorgan U.S. Treasury Plus Money Market Fund – Reserve Class Shares

  

One Group U.S. Treasury Securities Money Market Fund – Class A Shares

JPMorgan U.S. Treasury Plus Money Market Fund – Morgan Class Shares

  

One Group U.S. Treasury Securities Money Market Fund – Morgan Class Shares

Equity Funds

 

Current Name

  

Prior Name

JPMorgan Diversified Fund – Class A Shares

  

JPMorgan Diversified Fund – Class A Shares

JPMorgan Emerging Markets Equity Fund – Class A Shares

  

JPMorgan Fleming Emerging Markets Equity Fund – Class A Shares

JPMorgan Emerging Markets Equity Fund – Class R2 Shares

  

N/A

JPMorgan Emerging Markets Equity Fund – Class R3 Shares

  

N/A

JPMorgan International Equity Fund – Class A Shares

  

JPMorgan Fleming International Equity Fund – Class A Shares

JPMorgan International Equity Fund – Class R2 Shares

  

N/A

JPMorgan International Hedged Equity Fund – Class A Shares

  

N/A

JPMorgan International Value Fund – Class A Shares

  

JPMorgan Fleming International Value Fund – Class A Shares

JPMorgan International Value Fund – Class R2 Shares

  

N/A

JPMorgan Europe Dynamic Fund – Class A Shares

  

JPMorgan Intrepid European Fund and JPMorgan Fleming Intrepid European Fund – Class A Shares

JPMorgan International Advantage Fund1 – Class A Shares

  

JPMorgan Intrepid International Fund, JPMorgan Fleming Tax Aware International Opportunities Fund – Class A Shares and JPMorgan Tax Aware International Opportunities Fund – Class A Shares

JPMorgan International Advantage Fund1 – Class R2 Shares

  

N/A

JPMorgan International Equity Plus Fund – Class A Shares

  

N/A

JPMorgan U.S. Value Fund – Class A Shares

  

JPMorgan Growth and Income Fund – Class A Shares

JPMorgan U.S. Value Fund – Class R2 Shares

  

JPMorgan Growth and Income Fund – Class R2 Shares

JPMorgan U.S. Value Fund – Class R3 Shares

  

JPMorgan Growth and Income Fund – Class R3 Shares

JPMorgan U.S. GARP Equity Fund – Class A Shares

  

JPMorgan Intrepid Growth Fund – Class A Shares

JPMorgan U.S. GARP Equity Fund – Class R2 Shares

  

JPMorgan Intrepid Growth Fund – Class R2 Shares

 

1 

To be liquidated on or about February 26, 2021

 

D-2


Current Name

  

Prior Name

JPMorgan U.S. Sustainable Leaders Fund – Class A Shares

  

JPMorgan Intrepid Sustainable Equity Fund – Class A Shares (name effective until 11/1/20), JPMorgan Intrepid Advantage Fund – Class A Shares (name effective until 3/31/17), JPMorgan Intrepid Investor Fund – Class A Shares, JPMorgan Intrepid Contrarian Fund – Class A (name effective until 4/10/06) and JPMorgan Intrepid Multi Cap Fund – Class A Shares (name effective until 2/28/13)

JPMorgan Intrepid Value Fund2 – Class A Shares

  

JPMorgan Intrepid Value Fund – Class A Shares

JPMorgan Intrepid Value Fund3 – Class R2 Shares

  

N/A

JPMorgan Research Market Neutral Fund – Class A Shares

  

JPMorgan Market Neutral Fund – Class A Shares (name effective until 2/28/10)

JPMorgan Macro Opportunities Fund – Class A Shares

  

N/A

JPMorgan Mid Cap Equity Fund – Class A Shares

  

JPMorgan Mid Cap Equity Fund – Class A Shares

JPMorgan Mid Cap Equity Fund – Class R2 Shares

  

N/A

JPMorgan Growth Advantage Fund – Class A Shares

  

JPMorgan Mid Cap Growth Fund – Class A Shares

JPMorgan Growth Advantage Fund – Class R2 Shares

  

N/A

JPMorgan Growth Advantage Fund – Class R3 Shares

  

N/A

JPMorgan Mid Cap Value Fund – Class A Shares

  

JPMorgan Mid Cap Value Fund – Class A Shares

JPMorgan Mid Cap Value Fund – Class R2 Shares

  

N/A

JPMorgan Mid Cap Value Fund – Class R3 Shares

  

N/A

JPMorgan Small Cap Equity Fund – Class A Shares

  

JPMorgan Small Cap Equity Fund – Class A Shares

JPMorgan Small Cap Equity Fund – Class R2 Shares

  

N/A

JPMorgan Small Cap Equity Fund – Class R3 Shares

  

N/A

JPMorgan U.S. Equity Fund – Class A Shares

  

JPMorgan U.S. Equity Fund – Class A Shares

JPMorgan U.S. Equity Fund – Class R2 Shares

  

N/A

JPMorgan U.S. Equity Fund – Class R3 Shares

  

N/A

Undiscovered Managers Behavioral Value Fund – Class A Shares

  

Undiscovered Managers Behavioral Value Fund – Class A Shares

Undiscovered Managers Behavioral Value Fund – Class R2 Shares

  

N/A

JPMorgan Realty Income Fund – Class A Shares

  

Undiscovered Managers REIT Fund – Class A Shares

JPMorgan SMID Cap Equity Fund – Class A Shares

  

JPMorgan Intrepid Mid Cap Fund – Class A Shares , One Group Diversified Mid Cap Fund – Class A Shares and JPMorgan Diversified Mid Cap Fund – Class A Shares

JPMorgan SMID Cap Equity Fund – Class R3 Shares

  

JPMorgan Intrepid Mid Cap Fund – Class R3 Shares

JPMorgan Equity Income Fund – Class A Shares

  

One Group Equity Income Fund – Class A Shares

JPMorgan Equity Income Fund – Class R2 Shares

  

N/A

JPMorgan Equity Income Fund – Class R3 Shares

  

N/A

JPMorgan Equity Index Fund – Class A Shares

  

One Group Equity Index Fund – Class A Shares

JPMorgan Equity Premium Income Fund

  

N/A

JPMorgan International Research Enhanced Equity Fund – Class A Shares

  

One Group International Equity Index Fund – Class A Shares and JPMorgan International Equity Index Fund – Class A Shares (name effective until 6/30/14)

JPMorgan Large Cap Growth Fund – Class A Shares

  

One Group Large Cap Growth Fund – Class A Shares

JPMorgan Large Cap Growth Fund – Class R2 Shares

  

N/A

JPMorgan Large Cap Growth Fund – Class R3 Shares

  

N/A

 

2 

To be renamed JPMorgan U.S. Applied Data Science Value Fund on or about July 1, 2021

 

D-3


Current Name

  

Prior Name

JPMorgan Large Cap Value Fund – Class A Shares

  

One Group Large Cap Value Fund – Class A Shares

JPMorgan Large Cap Value Fund – Class R2 Shares

  

N/A

JPMorgan Large Cap Value Fund – Class R3 Shares

  

N/A

JPMorgan Market Expansion Enhanced Index Fund – Class A Shares

  

One Group Market Expansion Index Fund – Class A Shares and JPMorgan Market Expansion Index Fund – Class A Shares (name effective until 4/30/13)

JPMorgan Market Expansion Enhanced Index Fund – Class R2 Shares

  

JPMorgan Market Expansion Index Fund – Class R2 Shares (name effective until 4/30/13)

JPMorgan Mid Cap Growth Fund – Class A Shares

  

One Group Mid Cap Growth Fund – Class A Shares and JPMorgan Diversified Mid Cap Growth Fund – Class A Shares (name effective until 6/27/09)

JPMorgan Mid Cap Growth Fund– Class R2 Shares

  

JPMorgan Diversified Mid Cap Growth Fund – Class R2 Shares (name effective until 6/27/09)

JPMorgan Mid Cap Growth Fund – Class R3 Shares

  

N/A

JPMorgan Small Cap Blend Fund – Class A Shares

  

JPMorgan Dynamic Small Cap Growth Fund – Class A Shares and JPMorgan Dynamic Small Cap Fund – Class A Shares (name effective until 6/29/07)

JPMorgan Small Cap Growth Fund – Class A Shares

  

One Group Small Cap Growth Fund – Class A Shares

JPMorgan Small Cap Growth Fund – Class R2 Shares

  

N/A

JPMorgan Small Cap Growth Fund – Class R3 Shares

  

N/A

JPMorgan Small Cap Value Fund – Class A Shares

  

One Group Small Cap Value Fund – Class A Shares

JPMorgan Small Cap Value Fund – Class R2 Shares

  

N/A

JPMorgan Small Cap Value Fund – Class R3 Shares

  

N/A

JPMorgan Value Advantage Fund – Class A Shares

  

N/A

JPMorgan Value Advantage Fund – Class R2 Shares

  

N/A

JPMorgan Value Advantage Fund – Class R3 Shares

  

N/A

JPMorgan U.S. Large Cap Core Plus Fund – Class A Shares

  

N/A

JPMorgan U.S. Large Cap Core Plus Fund – Class R2 Shares

  

N/A

JPMorgan U.S. Research Enhanced Equity Fund – Class A Shares

  

JPMorgan Disciplined Equity Fund – Class A Shares

JPMorgan Insurance Trust U.S. Equity Portfolio – Class 2

  

JPMorgan Insurance Trust Diversified Equity Portfolio – Class 2 Shares (name effective until 4/24/09)

JPMorgan Insurance Trust Small Cap Core Portfolio – Class 2

  

JPMorgan Insurance Trust Small Cap Equity Portfolio – Class 2 Shares (name effective until 4/24/09)

JPMorgan U.S. Small Company Fund – Class A Shares

  

N/A

JPMorgan U.S. Small Company Fund – Class R2 Shares

  

N/A

JPMorgan U.S. Small Company Fund – Class R3 Shares

  

N/A

JPMorgan Access Balanced Fund – Class A Shares

  

N/A

JPMorgan Access Growth Fund – Class A Shares

  

N/A

JPMorgan Tax Aware Equity Fund – Class A Shares

  

JPMorgan Tax Aware Disciplined Equity Fund – Class A Shares (name effective until 12/10/10)

JPMorgan Equity Focus Fund – Class A Shares

  

N/A

JPMorgan International Focus Fund – Class A Shares

  

JPMorgan International Unconstrained Equity Fund – Class A Shares (name effective until 4/20/20)

JPMorgan International Focus Fund – Class R2 Shares

  

JPMorgan International Unconstrained Equity Fund – Class R2 Shares (name effective until 4/20/20)

JPMorgan Hedged Equity Fund – Class A Shares

  

N/A

JPMorgan Hedged Equity 2 Fund – Class A Shares

  

N/A

 

D-4


Current Name

  

Prior Name

JPMorgan Hedged Equity 3 Fund – Class A Shares

  

N/A

JPMorgan Opportunistic Equity Long/Short Fund – Class A Shares

  

N/A

JPMorgan Small Cap Core Fund3 – Class A Shares

  

N/A

JPMorgan Small Cap Core Fund4 – Class R2 Shares

  

N/A

JPMorgan Small Cap Core Fund4 – Class R3 Shares

  

N/A

Fixed Income Funds

 

Current Name

  

Prior Name

JPMorgan California Tax Free Bond Fund – Class A Shares

  

JPMorgan California Bond Fund – Class A Shares

JPMorgan Emerging Markets Debt Fund – Class A Shares

  

JPMorgan Fleming Emerging Markets Debt Fund – Class A Shares

JPMorgan Intermediate Tax Free Bond Fund – Class A Shares

  

JPMorgan Intermediate Tax Free Income Fund – Class A Shares

JPMorgan New York Tax Free Bond Fund – Class A Shares

  

JPMorgan New York Intermediate Tax Free Income Fund – Class A Shares

JPMorgan Core Bond Fund – Class A Shares

  

One Group Bond Fund – Class A Shares

JPMorgan Core Bond Fund – Class R2 Shares

  

N/A

JPMorgan Core Bond Fund – Class R3 Shares

  

N/A

JPMorgan Government Bond Fund – Class A Shares

  

One Group Government Bond Fund – Class A Shares

JPMorgan Government Bond Fund – Class R2 Shares

  

N/A

JPMorgan Government Bond Fund – Class R3 Shares

  

N/A

JPMorgan High Yield Fund – Class A Shares

  

One Group High Yield Bond Fund – Class A Shares and JPMorgan High Yield Bond Fund – Class A Shares (name effective until 9/14/09)

JPMorgan High Yield Fund – Class R2 Shares

  

JPMorgan High Yield Bond Fund – Class R2 Shares (name effective until 9/14/09)

JPMorgan High Yield Fund – Class R3 Shares

  

N/A

JPMorgan Core Plus Bond Fund – Class A Shares

  

One Group Income Bond Fund – Class A Shares

JPMorgan Core Plus Bond Fund – Class R2 Shares

  

N/A

JPMorgan Core Plus Bond Fund – Class R3 Shares

  

N/A

JPMorgan Mortgage-Backed Securities Fund – Class A Shares

  

One Group Mortgage Backed Securities Fund – Class A Shares

JPMorgan Sustainable Municipal Income Fund – Class A Shares

  

JPMorgan Municipal Income Fund – Class A Shares, One Group Municipal Income Fund – Class A Shares

JPMorgan Short Duration Bond Fund – Class A Shares

  

One Group Short-Term Bond Fund – Class A Shares

JPMorgan Short-Intermediate Municipal Bond Fund – Class A Shares

  

One Group Short-Term Municipal Bond Fund – Class A Shares and JPMorgan Short Term Municipal Bond Fund – Class A Shares (name effective until 4/30/09)

JPMorgan Tax Free Bond Fund – Class A Shares

  

One Group Tax-Free Bond Fund – Class A Shares

 

 

3 

To be renamed JPMorgan Small Cap Sustainable Leaders Fund on or about May 1, 2021

 

D-5


Current Name

  

Prior Name

JP Morgan Limited Duration Bond Fund – Class A Shares

  

One Group Ultra Short-Term Bond Fund – Class A Shares and JP Morgan Ultra Short Term Bond Fund – Class A Shares (name effective until 7/1/06) and JPMorgan Ultra Short Duration Bond Fund – Class A Shares (name effective until 8/31/09)

JPMorgan Tax Aware Real Return Fund – Class A Shares

  

N/A

JPMorgan Insurance Trust Core Bond Portfolio – Class 2

  

N/A

JPMorgan Income Builder Fund – Class A Shares

  

JPMorgan World Income Builder Fund – Class A Shares

JPMorgan High Yield Municipal Fund – Class A Shares

  

JPMorgan Tax Aware High Income Fund – Class A Shares (name effective until 11/1/18)

JPMorgan Strategic Income Opportunities Fund – Class A Shares

  

N/A

JPMorgan Total Return Fund – Class A Shares

  

N/A

JPMorgan Total Return Fund – Class R2 Shares

  

N/A

JPMorgan Inflation Managed Bond Fund – Class A Shares

  

N/A

JPMorgan Inflation Managed Bond Fund – Class R2 Shares

  

N/A

JPMorgan Unconstrained Debt Fund – Class A Shares

  

JPMorgan Multi-Sector Income Fund – Class A Shares (name effective until 10/22/15)

JPMorgan Unconstrained Debt Fund – Class R2 Shares

  

JPMorgan Multi-Sector Income Fund – Class R2 Shares (name effective until 10/22/15)

JPMorgan Floating Rate Income Fund – Class A Shares

  

N/A

JPMorgan Emerging Markets Strategic Debt Fund – Class A Shares

  

JPMorgan Emerging Markets Local Currency Debt Fund – Class A Shares (name effective until 9/30/16)

JPMorgan Emerging Markets Strategic Debt Fund – Class R2 Shares

  

JPMorgan Emerging Markets Local Currency Debt Fund – Class R2 Shares (name effective until 9/30/16)

JPMorgan Global Bond Opportunities Fund – Class A Shares

  

N/A

JPMorgan Corporate Bond Fund – Class A Shares

  

N/A

JPMorgan Short Duration Core Plus Fund – Class A Shares

  

JPMorgan Short Duration High Yield Fund – Class A Shares

JPMorgan Income Fund – Class A Shares

  

N/A

JPMorgan Insurance Trust Income Builder Portfolio – Class 2 Shares

  

N/A

JPMorgan Ultra-Short Municipal Fund – Class A Shares

  

N/A

Investor Funds

 

Current Name

  

Prior Name

JPMorgan Investor Balanced Fund – Class A Shares

  

One Group Investor Balanced Fund – Class A Shares

JPMorgan Investor Balanced Fund – Class R2 Shares

  

N/A

JPMorgan Investor Balanced Fund – Class R3 Shares

  

N/A

JP Morgan Investor Conservative Growth Fund – Class A Shares

  

One Group Investor Conservative Growth Fund – Class A Shares

JP Morgan Investor Conservative Growth Fund – Class R2 Shares

  

N/A

JP Morgan Investor Conservative Growth Fund – Class R3 Shares

  

N/A

JPMorgan Investor Growth & Income Fund – Class A Shares

  

One Group Investor Growth & Income Fund – Class A Shares

 

D-6


Current Name

  

Prior Name

JPMorgan Investor Growth & Income Fund – Class R2 Shares

  

N/A

JPMorgan Investor Growth & Income Fund – Class R3 Shares

  

N/A

JPMorgan Investor Growth Fund – Class A Shares

  

One Group Investor Growth Fund – Class A Shares

JPMorgan Investor Growth Fund – Class R2 Shares

  

N/A

JPMorgan Investor Growth Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement Funds

 

Current Name

  

Prior Name

JPMorgan SmartRetirement Income Fund – Class A Shares

  

N/A

JPMorgan SmartRetirement Income Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement Income Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement 2020 Fund – Class A Shares

  

N/A

JPMorgan SmartRetirement 2020 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement 2020 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement 2025 Fund – Class A Shares

  

N/A

JPMorgan SmartRetirement 2025 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement 2025 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement 2030 Fund – Class A Shares

  

N/A

JPMorgan SmartRetirement 2030 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement 2030 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement 2035 Fund – Class A Shares

  

N/A

JPMorgan SmartRetirement 2035 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement 2035 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement 2040 Fund – Class A Shares

  

N/A

JPMorgan SmartRetirement 2040 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement 2040 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement 2045 Fund – Class A Shares

  

N/A

JPMorgan SmartRetirement 2045 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement 2045 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement 2050 Fund – Class A Shares

  

N/A

JPMorgan SmartRetirement 2050 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement 2050 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement 2055 Fund – Class A Shares

  

N/A

JPMorgan SmartRetirement 2055 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement 2055 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement 2060 Fund – Class A Shares

  

N/A

JPMorgan SmartRetirement 2060 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement 2060 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement Blend Income Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement Blend Income Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement Blend 2020 Fund – Class R2 Shares

  

N/A

 

D-7


Current Name

  

Prior Name

JPMorgan SmartRetirement Blend 2020 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement Blend 2025 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement Blend 2025 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement Blend 2030 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement Blend 2030 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement Blend 2035 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement Blend 2035 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement Blend 2040 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement Blend 2040 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement Blend 2045 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement Blend 2045 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement Blend 2050 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement Blend 2050 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement Blend 2055 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement Blend 2055 Fund – Class R3 Shares

  

N/A

JPMorgan SmartRetirement Blend 2060 Fund – Class R2 Shares

  

N/A

JPMorgan SmartRetirement Blend 2060 Fund – Class R3 Shares

  

N/A

Other Funds

 

Current Name

  

Prior Name

JPMorgan Global Allocation Fund – Class A Shares

  

JPMorgan Global Flexible Fund – Class A Shares (name effective until 2/17/11)

JPMorgan Global Allocation Fund – Class R2 Shares

  

JPMorgan Global Flexible Fund – Class R2 Shares (name effective until 2/17/11)

JPMorgan Global Allocation Fund – Class R3 Shares

  

N/A

JPMorgan Insurance Trust Global Allocation Portfolio – Class 2 Shares

  

N/A

JPMorgan SmartSpending 2015 Fund – Class A Shares

  

JPMorgan SmartSpending 2050 Fund (name effective until 5/1/20)

JPMorgan SmartSpending 2015 Fund – Class R2 Shares

  

JPMorgan SmartSpending 2050 Fund (name effective until 5/1/20)

JPMorgan SmartSpending 2015 Fund – Class R3 Shares

  

JPMorgan SmartSpending 2050 Fund (name effective until 5/1/20)

 

D-8


Current Name

  

Prior Name

JPMorgan SmartSpending 2020 Fund – Class A Shares

  

N/A

JPMorgan SmartSpending 2020 Fund – Class R2 Shares

  

N/A

JPMorgan SmartSpending 2020 Fund – Class R3 Shares

  

N/A

*            *             *            *

 

J.P. Morgan Fleming Mutual Fund Group, Inc.

J.P. Morgan Mutual Fund Investment Trust

Undiscovered Managers Funds

JPMorgan Trust I

JPMorgan Trust II

JPMorgan Trust III

JPMorgan Trust IV

JPMorgan Insurance Trust

Each on behalf of itself and each of its Funds

    JPMORGAN DISTRIBUTION SERVICES, INC.
By:  

 

    By:  

 

Name:  

 

    Name:  

 

Title:  

 

    Title:  

 

 

D-9

SCHEDULE F

TO THE DISTRIBUTION AGREEMENT

CDSC Classes

(Class C Shares)

(Amended as of May 13, 2021)

Name of the Fund

Money Market Funds

 

Current Name

  

Prior Name

JPMorgan Prime Money Market Fund – Class C Shares

  

JPMorgan Prime Money Market Fund – Class C Shares

JPMorgan Liquid Assets Money Market Fund – Class C Shares

  

One Group Prime Money Market Fund – Class C Shares

JPMorgan U.S. Treasury Plus Money Market Fund – Class C Shares

  

One Group U.S. Treasury Securities Money Market Fund – Class C Shares

Equity Funds

 

Current Name

  

Prior Name

JPMorgan Diversified Fund – Class C Shares

  

JPMorgan Diversified Fund – Class C Shares

JPMorgan Emerging Markets Equity Fund – Class C Shares

  

N/A

JPMorgan International Equity Fund – Class C Shares

  

JPMorgan Fleming International Equity Fund – Class C Shares

JPMorgan Growth Advantage Fund – Class C Shares

  

JPMorgan Mid Cap Growth Fund – Class C Shares

JPMorgan International Value Fund – Class C Shares

  

N/A

JPMorgan U.S. GARP Equity Fund – Class C Shares

  

JPMorgan Intrepid Growth Fund – Class C Shares

JPMorgan Intrepid Value Fund1 – Class C Shares

  

JPMorgan Intrepid Value Fund – Class C Shares

JPMorgan Mid Cap Value Fund – Class C Shares

  

JPMorgan Mid Cap Value Fund – Class C Shares

JPMorgan Small Cap Equity Fund – Class C Shares

  

JPMorgan Small Cap Equity Fund – Class C Shares

JPMorgan U.S. Equity Fund – Class C Shares

  

JPMorgan U.S. Equity Fund – Class C Shares

Undiscovered Managers Behavioral Value Fund – Class C Shares

  

Undiscovered Managers Behavioral Value Fund – Class C Shares

JPMorgan Realty Income Fund – Class C Shares

  

Undiscovered Managers REIT Fund – Class C Shares

JPMorgan Equity Income Fund – Class C Shares

  

One Group Equity Income – Class C Shares

JPMorgan Equity Index Fund – Class C Shares

  

One Group Equity Index Fund – Class C Shares

 

Current Name

  

Prior Name

JPMorgan Large Cap Growth Fund – Class C Shares

  

One Group Large Cap Growth Fund – Class C Shares

JPMorgan Large Cap Value Fund – Class C Shares

  

One Group Large Cap Value Fund – Class C Shares

JPMorgan Market Expansion Enhanced Index Fund – Class C Shares

  

One Group Market Expansion Index Fund – Class C Shares and JPMorgan Market Expansion Index Fund – Class C Shares (name effective until 4/30/13)

 

1 

To be renamed JPMorgan U.S. Applied Data Science Value Fund on or about July 1, 2021


JPMorgan Research Market Neutral Fund – Class C Shares

  

JPMorgan Market Neutral Fund – Class C Shares (name effective until 2/28/10)

JPMorgan Mid Cap Equity Fund – Class C Shares

  

N/A

JPMorgan Mid Cap Growth Fund – Class C Shares

  

One Group Mid Cap Growth Fund – Class C Shares and JPMorgan Diversified Mid Cap Growth Fund – Class C Shares (name effective until 6/27/09)

JPMorgan Small Cap Growth Fund – Class C Shares

  

One Group Small Cap Growth Fund – Class C Shares

JPMorgan Small Cap Value Fund – Class C Shares

  

One Group Small Cap Value Fund – Class C Shares

JPMorgan Value Advantage Fund – Class C Shares

  

N/A

JPMorgan U.S. Large Cap Core Plus Fund – Class C Shares

  

N/A

JPMorgan U.S. Small Company Fund – Class C Shares

  

N/A

JPMorgan Access Balanced Fund – Class C Shares

  

N/A

JPMorgan Access Growth Fund – Class C Shares

  

N/A

JPMorgan Tax Aware Equity Fund – Class C Shares

  

JPMorgan Tax Aware Equity Fund – Class C Shares (name effective until 12/10/10)

JPMorgan Equity Focus Fund – Class C Shares

  

N/A

JPMorgan Hedged Equity Fund – Class C Shares

  

N/A

JPMorgan Opportunistic Equity Long/Short Fund – Class C Shares

  

N/A

JPMorgan Small Cap Core Fund2 —Class C Shares

  

N/A

JPMorgan Equity Premium Income Fund – Class C Shares

  

N/A

JPMorgan U.S. Value Fund – Class C Shares

  

N/A

JPMorgan Hedged Equity 2 Fund – Class C Shares

  

N/A

JPMorgan Hedged Equity 3 Fund – Class C Shares

  

N/A

JPMorgan International Equity Plus Fund – Class C Shares

  

N/A

JPMorgan International Hedged Equity Fund – Class C Shares

  

N/A

JPMorgan International Focus Fund – Class C Shares

  

N/A

JPMorgan Europe Dynamic Fund – Class C Shares

  

N/A

JPMorgan SMID Cap Equity Fund – Class C Shares

  

N/A

JPMorgan U.S. Sustainable Leaders Fund – Class C Shares

  

N/A

JPMorgan Macro Opportunities Fund – Class C Shares

  

N/A

JPMorgan Small Cap Blend Fund – Class C Shares

  

N/A

Fixed Income Funds

 

Current Name

  

Prior Name

JPMorgan California Tax Free Bond Fund – Class C Shares

  

JPMorgan California Bond Fund – Class C Shares

JPMorgan Emerging Markets Debt Fund – Class C Shares

  

JPMorgan Fleming Emerging Markets Debt Fund – Class C Shares

JPMorgan Intermediate Tax Free Bond Fund – Class C Shares

  

JPMorgan Intermediate Tax Free Income Fund – Class C Shares

JPMorgan New York Tax Free Bond Fund – Class C Shares

  

JPMorgan New York Intermediate Tax Free Income Fund – Class C Shares

JPMorgan Core Bond Fund – Class C Shares

  

One Group Bond Fund – Class C Shares

JPMorgan Government Bond Fund – Class C Shares

  

One Group Government Bond Fund – Class C Shares

JPMorgan High Yield Fund – Class C Shares

  

One Group High Yield Bond Fund – Class C Shares and JPMorgan High Yield Bond Fund – Class C Shares (name effective until 8/30/09)

 

2 

To be renamed JPMorgan Small Cap Sustainable Leaders Fund on or about July 1, 2021


JPMorgan Core Plus Bond Fund – Class C Shares

  

One Group Income Bond Fund – Class C Shares

JPMorgan Short Duration Bond Fund – Class C Shares

  

One Group Short-Term Bond Fund – Class C Shares

JPMorgan Short-Intermediate Municipal Bond Fund – Class C Shares

  

One Group Short-Term Municipal Bond Fund – Class C Shares and JPMorgan Short Term Municipal Bond Fund – Class C Shares (name effective until 4/30/09)

JPMorgan Tax Free Bond Fund – Class C Shares

  

One Group Tax-Free Bond Fund – Class C Shares

JPMorgan Limited Duration Bond Fund – Class C Shares

  

One Group Ultra Short-Term Bond Fund – Class C Shares and JPMorgan Ultra Short Term Bond Fund – Class C Shares (name effective until 7/1/06) and JPMorgan Ultra Short Duration Bond Fund – Class C Shares (name effective until 9/14/09)

JPMorgan Tax Aware Real Return Fund – Class C Shares

  

N/A

JPMorgan Income Builder Fund – Class C Shares

  

JPMorgan World Income Builder Fund – Class C Shares

JPMorgan Strategic Income Opportunities Fund – Class C Shares

  

N/A

JPMorgan Total Return Fund – Class C Shares

  

N/A

JPMorgan Inflation Managed Bond Fund – Class C Shares

  

N/A

JPMorgan Unconstrained Debt Fund – Class C Shares

  

JPMorgan Multi-Sector Income Fund – Class C Shares (name effective until 10/22/14)

JPMorgan Floating Rate Income Fund – Class C Shares

  

N/A

JPMorgan Emerging Markets Strategic Debt Fund – Class C Shares

  

JPMorgan Emerging Markets Local Currency Debt Fund – Class C Shares (name effective until 9/30/16)

JPMorgan Mortgage-Backed Securities Fund – Class C Shares

  

N/A

JPMorgan Global Bond Opportunities Fund – Class C Shares

  

N/A

 

Current Name

  

Prior Name

JPMorgan Corporate Bond Fund – Class C Shares

  

N/A

JPMorgan Income Fund – Class C Shares

  

N/A

JPMorgan Sustainable Municipal Income Fund – Class C Shares

  

N/A

JPMorgan High Yield Municipal Fund – Class C Shares

  

N/A

JPMorgan Short Duration Core Plus Fund – Class C Shares

  

N/A

Investor Funds

 

Current Name

  

Prior Name

JPMorgan Investor Balanced Fund – Class C Shares

  

One Group Investor Balanced Fund – Class C Shares

JPMorgan Investor Conservative Growth Fund – Class C Shares

  

One Group Investor Conservative Growth Fund – Class C Shares

JPMorgan Investor Growth & Income Fund – Class C Shares

  

One Group Investor Growth & Income Fund – Class C Shares

JPMorgan Investor Growth Fund – Class C Shares

  

One Group Investor Growth Fund – Class C Shares


JPMorgan SmartRetirement Funds

 

Current Name

  

Prior Name

JPMorgan SmartRetirement Income Fund – Class C Shares

  

N/A

JPMorgan SmartRetirement 2020 Fund – Class C Shares

  

N/A

JPMorgan SmartRetirement 2025 Fund – Class C Shares

  

N/A

JPMorgan SmartRetirement 2030 Fund – Class C Shares

  

N/A

JPMorgan SmartRetirement 2035 Fund – Class C Shares

  

N/A

JPMorgan SmartRetirement 2040 Fund – Class C Shares

  

N/A

JPMorgan SmartRetirement 2045 Fund – Class C Shares

  

N/A

JPMorgan SmartRetirement 2050 Fund – Class C Shares

  

N/A

JPMorgan SmartRetirement 2055 Fund – Class C Shares

  

N/A

JPMorgan SmartRetirement 2060 Fund – Class C Shares

  

N/A

Other Funds

 

Current Name

  

Prior Name

JPMorgan Global Allocation Fund – Class C Shares

  

JPMorgan Global Flexible Fund – Class C Shares (name effective until 2/17/11)

JPMorgan Macro Opportunities Fund – Class C Shares

  

N/A

*                 *                *                *

 

J.P. Morgan Fleming Mutual Fund Group, Inc.

J.P. Morgan Mutual Fund Investment Trust

Undiscovered Managers Funds

JPMorgan Trust I

JPMorgan Trust II

JPMorgan Trust IV

JPMorgan Insurance Trust

Each on behalf of itself and each of its Funds

    JPMORGAN DISTRIBUTION SERVICES, INC.
By:  

 

    By:  

 

Name:  

 

    Name:  

 

Title:  

 

    Title:  

 

Schedule A

List of Entities Covered by the Global Custody and Fund Accounting Agreement

Amended as of February 9, 2021

JPMorgan Institutional Trust

JPMorgan Intermediate Bond Trust

JPMorgan Core Bond Trust

J.P. Morgan Fleming Mutual Fund Group, Inc

JPMorgan Mid Cap Value Fund

J.P. Morgan Mutual Fund Investment Trust

JPMorgan Growth Advantage Fund

JPMorgan Insurance Trust

JPMorgan Insurance Trust Core Bond Portfolio

JPMorgan Insurance Trust Global Allocation Portfolio

JPMorgan Insurance Trust Income Builder Portfolio

JPMorgan Insurance Trust Mid Cap Value Portfolio

JPMorgan Insurance Trust Small Cap Core Portfolio

JPMorgan Insurance Trust U.S. Equity Portfolio

JPMorgan Trust I

JPMorgan 100% U.S. Treasury Securities Money Market Fund

JPMorgan Access Balanced Fund

JPMorgan Access Growth Fund

JPMorgan California Municipal Money Market Fund

JPMorgan California Tax Free Bond Fund

JPMorgan Commodities Strategy Fund (liquidated August 30, 2018)

JPMorgan Corporate Bond Fund

JPMorgan Diversified Fund

JPMorgan Diversified Real Return Fund (liquidated on December 8, 2017)

JPMorgan Emerging Markets Corporate Debt Fund (liquidated on February 3, 2020)

JPMorgan Emerging Markets Debt Fund

JPMorgan Emerging Markets Equity Fund

JPMorgan Emerging Markets Strategic Debt Fund

JPMorgan Equity Focus Fund


JPMorgan Trust I (continued)

 

JPMorgan Equity Low Volatility Income Fund (liquidated on June 4, 2018)

JPMorgan Europe Dynamic Fund

JPMorgan Federal Money Market Fund

JPMorgan Floating Rate Income Fund

JPMorgan Global Allocation Fund

JPMorgan Global Bond Opportunities Fund

JPMorgan Global Research Enhanced Index Fund (liquidated on June 29, 2020)

JPMorgan U.S. Value Fund

JPMorgan Hedged Equity Fund

JPMorgan High Yield Municipal Fund

JPMorgan Income Builder Fund

JPMorgan Income Fund

JPMorgan Inflation Managed Bond Fund

JPMorgan Intermediate Tax Free Bond Fund

JPMorgan International Advantage Fund1

JPMorgan International Equity Fund

JPMorgan International Equity Income Fund (liquidated)

JPMorgan International Opportunities Fund (liquidated on October 2, 2017)

JPMorgan International Focus Fund

JPMorgan International Value Fund

JPMorgan International Value SMA Fund (liquidated on June 8, 2018)

JPMorgan U.S. GARP Equity Fund

JPMorgan U.S. Sustainable Leaders Fund

JPMorgan Intrepid Value Fund2

JPMorgan Managed Income Fund

JPMorgan Mid Cap Equity Fund

JPMorgan New York Municipal Money Market Fund

JPMorgan New York Tax Free Bond Fund

JPMorgan Opportunistic Equity Long/Short Fund

JPMorgan Prime Money Market Fund

JPMorgan Research Market Neutral Fund

JPMorgan Short Duration Core Plus Fund

JPMorgan Small Cap Blend

JPMorgan Small Cap Core Fund3

JPMorgan Small Cap Equity Fund

JPMorgan SmartAllocation Equity Fund (liquidated on November 30, 2017)

JPMorgan SmartAllocation Income Fund (liquidated on November 30, 2017)

JPMorgan SmartRetirement Income Fund

JPMorgan SmartRetirement 2020 Fund

 

 

 

1 

To be liquidated on or about February 26, 2021

2 

To be renamed JPMorgan U.S. Applied Data Science Value Fund on or about July 1, 2021

3 

To be renamed JPMorgan Small Cap Sustainable Leaders Fund on or about May 1, 2021


JPMorgan Trust I (continued)

 

JPMorgan SmartRetirement 2025 Fund

JPMorgan SmartRetirement 2030 Fund

JPMorgan SmartRetirement 2035 Fund

JPMorgan SmartRetirement 2040 Fund

JPMorgan SmartRetirement 2045 Fund

JPMorgan SmartRetirement 2050 Fund

JPMorgan SmartRetirement 2055 Fund

JPMorgan SmartRetirement 2060 Fund

JPMorgan SmartRetirement Blend Income Fund

JPMorgan SmartRetirement Blend 2020 Fund

JPMorgan SmartRetirement Blend 2025 Fund

JPMorgan SmartRetirement Blend 2030 Fund

JPMorgan SmartRetirement Blend 2035 Fund

JPMorgan SmartRetirement Blend 2040 Fund

JPMorgan SmartRetirement Blend 2045 Fund

JPMorgan SmartRetirement Blend 2050 Fund

JPMorgan SmartRetirement Blend 2055 Fund

JPMorgan SmartRetirement Blend 2060 Fund

JPMorgan Strategic Income Opportunities Fund

JPMorgan Systematic Alpha Fund (liquidated on June 4, 2020)

JPMorgan Tax Aware Equity Fund

JPMorgan Tax Aware Real Return Fund

JPMorgan Tax Aware Real Return SMA Fund (liquidated on September 20, 2019)

JPMorgan Tax Free Money Market Fund

JPMorgan Total Return Fund

JPMorgan Unconstrained Debt Fund

JPMorgan U.S. Dynamic Plus Fund (liquidated on March 23, 2018)

JPMorgan U.S. Equity Fund

JPMorgan U.S. Large Cap Core Plus Fund

JPMorgan U.S. Research Enhanced Equity Fund

JPMorgan U.S. Small Company Fund

JPMorgan Value Advantage Fund

Security Capital U.S. Core Real Estate Securities Fund (liquidated on December 8, 2017)

JPMorgan Trust II

JPMorgan Core Bond Fund

JPMorgan Core Plus Bond Fund

JPMorgan Equity Income Fund

JPMorgan Equity Index Fund

JPMorgan Government Bond Fund

JPMorgan High Yield Fund

JPMorgan International Research Enhanced Equity Fund

JPMorgan SMID Cap Equity Fund

JPMorgan Investor Balanced Fund

JPMorgan Investor Conservative Growth Fund


JPMorgan Trust II (continued)

 

JPMorgan Investor Growth & Income Fund

JPMorgan Investor Growth Fund

JPMorgan Large Cap Growth Fund

JPMorgan Large Cap Value Fund

JPMorgan Limited Duration Bond Fund

JPMorgan Liquid Assets Money Market Fund

JPMorgan Market Expansion Enhanced Index Fund

JPMorgan Mid Cap Growth Fund

JPMorgan Mortgage-Backed Securities Fund

JPMorgan Multi-Cap Market Neutral Fund (liquidated on March 28, 2018)

JPMorgan Sustainable Municipal Income Fund

JPMorgan Municipal Money Market Fund

JPMorgan Ohio Municipal Bond Fund (liquidated on December 8, 2017)

JPMorgan Short Duration Bond Fund

JPMorgan Short-Intermediate Municipal Bond Fund

JPMorgan Small Cap Growth Fund

JPMorgan Small Cap Value Fund

JPMorgan Tax Free Bond Fund

JPMorgan Treasury & Agency Fund (liquidated on December 8, 2017)

JPMorgan U.S. Government Money Market Fund

JPMorgan U.S. Treasury Plus Money Market Fund

Undiscovered Managers Funds

JPMorgan Realty Income Fund

Undiscovered Managers Behavioral Value Fund

JPMorgan Trust IV

JPMorgan Core Focus SMA Fund

JPMorgan Emerging Markets Research Enhanced Equity Fund

JPMorgan Equity Premium Income Fund

JPMorgan Institutional Tax Free Money Market Fund

JPMorgan International Equity Plus Fund

JPMorgan International Hedged Equity Fund

JPMorgan Macro Opportunities Fund

JPMorgan Municipal SMA Fund

JPMorgan Securities Lending Money Market Fund

JPMorgan SmartSpending 2015 Fund

JPMorgan Ultra-Short Municipal Fund

JPMorgan SmartSpending 2020 Fund

JPMorgan Hedged Equity 2 Fund

JPMorgan Hedged Equity 3 Fund


This Schedule A supersedes and replaces any previously executed Schedule A between the parties.

*        *        *         *        *        *

 

JPMorgan Trust I

JPMorgan Trust II

Undiscovered Managers Funds

J.P. Morgan Fleming Mutual Fund Group, Inc.

J.P. Morgan Mutual Fund Investment Trust

JPMorgan Institutional Trust

JPMorgan Insurance Trust

JPMorgan Trust IV

By:  

 

Name:  

 

Title:  

 

Date:  

 

JPMorgan Chase Bank, N.A.
By:  

 

Name:  

 

Title:  

 

Date:  

 

AMENDMENT TO

AMENDED AND RESTATED GLOBAL CUSTODY AND FUND ACCOUNTING

AGREEMENT

Amendment dated as of February 1, 2020 (the “Amendment”) to the Global Custody and Accounting Agreement dated September 1, 2010 between JPMorgan Chase Bank, N.A. (the “Bank”), with a place of business at 4 New York Plaza, New York, New York 10004, and each of the trusts listed on Schedule A to the Agreement (individually and collectively, the “Trusts”) (the “Agreement”). For purposes of this Amendment and the Agreement, each of the Trusts is referred to as a “Customer.”

AMENDMENT

 

  1.

The following is hereby added to the Agreement as Section 2.23:

 

  2.23

Agency Services to Facilitate Certain Foreign Exchange Transactions.

Any Customer may from time to time issue Instructions, including standing Instructions, to Bank to execute foreign exchange contracts in currencies in which it is impracticable for the Customer to execute trades directly with counterparties. As between Bank and the applicable Customer, Bank may, but will not be obliged to, enter into each foreign exchange contract so instructed as agent on behalf of the Customer with a third party (each a “Counterparty”), and Bank is authorized, in its discretion, either to disclose or not disclose the identity of the Customer to the Counterparty. Any Instructions, including standing Instructions, may be subject to any rules or limitations or execution parameters established by Bank or affected by causes beyond the reasonable control of Bank. The Customer hereby appoints Bank to enter into and perform all obligations in respect of any of the foreign exchange contracts so instructed, including, as required, such additional foreign exchange contracts as may be necessary to move the requisite funds to or from the applicable Subcustodian and the role of Bank or its Affiliates in entering into and performing such transactions shall be as agent for the Customer. Customer assumes the risk of the Counterparty’s failure to perform its obligations and shall itself be liable as principal on the same basis as if it had directly entered into such foreign exchange contract with the Counterparty and will pay to Bank, on the relevant settlement date, any amount payable to settle such foreign exchange contract. Notwithstanding the foregoing, Bank shall remain subject to its standard of care provided in Section 7.1 of this Agreement in conducting any transactions pursuant to this Section 2.23. In the event that the terms of any confirmation of any foreign exchange contract issued by Bank, any of its Affiliates, or any Counterparty is inconsistent with the foregoing, the foregoing shall prevail as between the Bank or its Affiliate and the Customer.    Further, notwithstanding anything to the contrary in the side letter between the parties dated as of February 18, 2005, any spread applicable to the foreign exchange contracts described herein shall be as agreed between Bank and Customer.

 

1


  2.

Miscellaneous.

 

  (a)

This Amendment shall be governed by the laws of New York.

 

  (b)

This Amendment shall be binding upon and inure to the benefit of the parties and their respective heirs, successors and permitted assigns when executed by all parties. Nothing in this Amendment, express or implied, shall be construed to confer any rights or remedies upon any party other than the parties hereto and their respective successors and permitted assigns.

 

  (c)

All defined terms used in this Amendment shall have the same meaning as provided in the Agreement except where specifically herein modified.

 

  (d)

As modified and amended hereby, the parties hereby ratify, approve and confirm the Agreement in all respects.

 

  (e)

This Amendment may not be changed orally, but only by an agreement in writing signed by the parties hereto.

 

  (f)

This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

[Signature Page Follows]

 

2


IN WITNESS WHEREOF, the parties hereto have entered into this Amendment as of the date set forth above.

 

JPMorgan Trust I

JPMorgan Trust II

JPMorgan Trust IV

J.P. Morgan Fleming Mutual Fund Group, Inc.

J.P. Morgan Mutual Fund Investment Trust

JPMorgan Institutional Trust

JPMorgan Insurance Trust

Undiscovered Managers Funds

By:  

 

Name:  
Title:  
JPMORGAN CHASE BANK, N.A.
By:  

                          

Name:  
Title:  

 

3

SCHEDULE B

TO THE ADMINISTRATION AGREEMENT

(Amended as of February 9, 2021)

Category 1

The Administrator receives a pro-rata portion of the following annual fee on behalf of each Fund in Category 1 for administrative services: 0.075% of the first $10 billion of average daily net assets for each Fund in Category 1 in the JPMorgan Funds Complex,1 plus 0.050% of average daily net assets for each Fund in Category 1 between $10 billion and $20 billion, plus 0.025% of average daily net assets for each Fund in Category 1 between $20 billion and $25 billion, plus 0.010% of the average daily net assets for each Fund in Category 1 in excess of $25 billion.

 

Current Name

  

Prior Name

JPMorgan Access Balanced Fund

  

N/A

JPMorgan Access Growth Fund

  

N/A

JPMorgan California Tax Free Bond Fund

  

JPMorgan California Bond Fund

JPMorgan Core Bond Fund

  

One Group Bond Fund

JPMorgan Core Focus SMA Fund

  

N/A

JPMorgan Core Plus Bond Fund

  

One Group Income Bond Fund

JPMorgan Corporate Bond Fund

  

N/A

JPMorgan Diversified Fund

  

JPMorgan Diversified Fund

JPMorgan SMID Cap Equity Fund

  

One Group Diversified Mid Cap Fund and JPMorgan Diversified Mid Cap Fund

JPMorgan Mid Cap Growth Fund

  

One Group Mid Cap Growth Fund and JPMorgan Diversified Mid Cap Growth Fund (name effective until 6/27/09)

JPMorgan Emerging Markets Debt Fund

  

JPMorgan Fleming Emerging Markets Debt Fund

JPMorgan Emerging Markets Equity Fund

  

JPMorgan Fleming Emerging Markets Equity Fund

JPMorgan Emerging Markets Research Enhanced Equity Fund

  

N/A

JPMorgan Emerging Markets Strategic Debt Fund

  

JPMorgan Emerging Markets Local Currency Debt Fund (name effective until 9/30/16)

JPMorgan Equity Focus Fund

  

N/A

JPMorgan Equity Income Fund

  

One Group Equity Income Fund

JPMorgan Equity Index Fund

  

One Group Equity Index Fund

JPMorgan Equity Premium Income Fund

  

N/A

JPMorgan Floating Rate Income Fund

  

N/A

JPMorgan Global Allocation Fund

  

JPMorgan Global Flexible Fund (name effective until 2/17/11)

JPMorgan Global Bond Opportunities Fund

  

N/A

JPMorgan Government Bond Fund

  

One Group Government Bond Fund

JPMorgan U.S. Value Fund

  

JPMorgan Growth & Income Fund

JPMorgan Hedged Equity Fund

  

N/A

JPMorgan Hedged Equity 2 Fund

  

N/A

JPMorgan Hedged Equity 3 Fund

  

N/A

JPMorgan High Yield Fund

  

One Group High Yield Bond Fund and JPMorgan High Yield Bond Fund (name effective until 9/14/09)

JPMorgan High Yield Municipal Fund

  

JPMorgan Tax Aware High Income Fund (name effective until November 1, 2018)

JPMorgan International Equity Plus Fund

  

N/A

JPMorgan Income Builder Fund

  

JPMorgan World Income Builder Fund

JPMorgan Income Fund

  

N/A

JPMorgan Inflation Managed Bond Fund

  

N/A

JPMorgan Insurance Trust Core Bond Portfolio

  

JPMorgan Investment Trust Bond Portfolio and One Group Investment Trust Bond Portfolio

 

1 

For purposes of this Agreement, the “JPMorgan Funds Complex” includes all of the Funds subject to this Agreement.

 

B-1


Current Name

  

Prior Name

JPMorgan Insurance Trust U.S. Equity Portfolio

  

JPMorgan Insurance Trust Diversified Equity Portfolio (name effective until 4/24/09), JPMorgan Investment Trust Diversified Equity Portfolio and One Group Investment Trust Diversified Equity Portfolio

JPMorgan Insurance Trust Mid Cap Value Portfolio

  

JPMorgan Insurance Trust Diversified Mid Cap Value Portfolio (name effective until 4/24/09), JPMorgan Investment Trust Mid Cap Value Portfolio and One Group Investment Trust Mid Cap Value Portfolio

JPMorgan Insurance Trust Global Allocation Portfolio

  

N/A

JPMorgan Insurance Trust Income Builder Portfolio

  

N/A

JPMorgan Insurance Trust Small Cap Core Portfolio

  

JPMorgan Insurance Trust Small Cap Equity Portfolio (name effective until 4/24/09)

JPMorgan Intermediate Tax Free Bond Fund

  

JPMorgan Intermediate Tax Free Income Fund

JPMorgan International Advantage Fund2

  

JPMorgan Intrepid International Fund, JPMorgan Fleming Tax Aware International Opportunities Fund and JPMorgan Tax Aware International Opportunities Fund (the name effective until 12/15/05)

JPMorgan International Equity Fund

  

JPMorgan Fleming International Equity Fund

JPMorgan International Hedged Equity Fund

  

N/A

JPMorgan International Research Enhanced Equity Fund

  

One Group International Equity Index Fund and JPMorgan International Equity Index Fund (name effective until 6/30/14)

JPMorgan International Focus Fund

  

JPMorgan International Unconstrained Equity Fund (name effective until 4/20/20)

JPMorgan International Value Fund

  

JPMorgan Fleming International Value Fund

JPMorgan Europe Dynamic Fund

  

JPMorgan Intrepid European Fund, JPMorgan Fleming Intrepid European Fund

JPMorgan U.S. GARP Equity Fund

  

JPMorgan Intrepid Growth Fund

JPMorgan U.S. Sustainable Leaders Fund

  

JPMorgan Intrepid Advantage Fund, JPMorgan Intrepid Investor Fund, JPMorgan Intrepid Contrarian Fund (name effective until 4/10/06) and JPMorgan Intrepid Multi Cap Fund (name effective until 2/28/13)

JPMorgan Intrepid Value Fund3

  

JPMorgan Intrepid Value Fund

JPMorgan Large Cap Growth Fund

  

One Group Large Cap Growth Fund

JPMorgan Large Cap Value Fund

  

One Group Large Cap Value Fund

JPMorgan Limited Duration Bond Fund

  

One Group Ultra Short-Term Bond Fund and JPMorgan Ultra Short Term Bond Fund (name effective until 7/1/06) and JPMorgan Ultra Short Duration Bond Fund (name effective until 8/31/09)

JPMorgan Macro Opportunities Fund

  

N/A

JPMorgan Managed Income Fund

  

N/A

JPMorgan Market Expansion Enhanced Index Fund

  

One Group Market Expansion Index Fund and JPMorgan Market Expansion Index Fund (name effective until 4/30/13)

JPMorgan Mid Cap Equity Fund

  

JPMorgan Mid Cap Equity Fund

JPMorgan Growth Advantage Fund

  

JPMorgan Mid Cap Growth Fund (change effective 8/17/05)

JPMorgan Mid Cap Value Fund

  

JPMorgan Mid Cap Value Fund

JPMorgan Mortgage-Backed Securities Fund

  

One Group Mortgage-Backed Securities Fund

JPMorgan Municipal SMA Fund

  

N/A

JPMorgan Sustainable Municipal Income Fund

  

One Group Municipal Income Fund

JPMorgan New York Tax Free Bond Fund

  

JPMorgan New York Intermediate Tax Free Income Fund

JPMorgan Opportunistic Equity Long/Short Fund

  

N/A

JPMorgan Realty Income Fund

  

Undiscovered Managers REIT Fund (this name effective until 12/31/05)

 

 

 

2 

To be liquidated on or about February 26, 2021

3 

To be renamed JPMorgan U.S. Applied Data Science Value Fund on or about July 1, 2021

 

B-2


Current Name

  

Prior Name

JPMorgan Research Market Neutral Fund

  

JPMorgan Market Neutral Fund (name effective until 2/28/10)

JPMorgan Short Duration Bond Fund

  

One Group Short-Term Bond Fund

JPMorgan Short Duration Core Plus Fund

  

JPMorgan Short Duration High Yield Fund (name effective until 9/29/17)

JPMorgan Short-Intermediate Municipal Bond Fund

  

One Group Short-Term Municipal Bond Fund and JPMorgan Short Term Municipal Bond Fund (name effective until 4/30/09)

JPMorgan Small Cap Blend Fund

  

JPMorgan Dynamic Small Cap Growth Fund and JPMorgan Dynamic Small Cap Fund (name effective until 6/29/07)

JPMorgan Small Cap Core Fund4

  

JPMorgan Trust Small Cap Equity Fund

JPMorgan Small Cap Equity Fund

  

JPMorgan Small Cap Equity Fund

JPMorgan Small Cap Growth Fund

  

One Group Small Cap Growth Fund

JPMorgan Small Cap Value Fund

  

One Group Small Cap Value Fund

JPMorgan SmartRetirement Blend Income Fund

  

N/A

JPMorgan SmartRetirement Blend 2020 Fund

  

N/A

JPMorgan SmartRetirement Blend 2025 Fund

  

N/A

JPMorgan SmartRetirement Blend 2030 Fund

  

N/A

JPMorgan SmartRetirement Blend 2035 Fund

  

N/A

JPMorgan SmartRetirement Blend 2040 Fund

  

N/A

JPMorgan SmartRetirement Blend 2045 Fund

  

N/A

JPMorgan SmartRetirement Blend 2050 Fund

  

N/A

JPMorgan SmartRetirement Blend 2055 Fund

  

N/A

JPMorgan SmartRetirement Blend 2060 Fund

  

N/A

JPMorgan SmartSpending 2015 Fund

  

JPMorgan SmartSpending 2050 Fund (name effective until 5/1/20)

JPMorgan SmartSpending 2020 Fund

  

N/A

JPMorgan Strategic Income Opportunities Fund

  

N/A

JPMorgan Tax Aware Equity Fund

  

JPMorgan Tax Aware Disciplined Equity Fund (name effective until 12/10/10)

JPMorgan Tax Aware Real Return Fund

  

N/A

JPMorgan Tax Free Bond Fund

  

One Group Tax-Free Bond Fund

JPMorgan Total Return Fund

  

N/A

JPMorgan Ultra-Short Municipal Fund

  

N/A

JPMorgan U.S. Equity Fund

  

JPMorgan U.S. Equity Fund

JPMorgan U.S. Large Cap Core Plus Fund

  

N/A

JPMorgan U.S. Research Enhanced Equity Fund

  

JPMorgan Disciplined Equity Fund (name effective until 11/1/17)

JPMorgan U.S. Small Company Fund

  

JPMorgan U.S. Small Company Fund

JPMorgan Unconstrained Debt Fund

  

JPMorgan Multi-Sector Income Fund (name effective until 10/22/15)

JPMorgan Value Advantage Fund

  

N/A

Undiscovered Managers Behavioral Value Fund

  

Undiscovered Managers Behavioral Value Fund

Category 2

The Administrator receives a pro-rata portion of the following annual fee on behalf of each Fund in Category 2 for administrative services: 0.10% of the Fund’s average daily net assets on the first $500,000,000 in Fund assets; 0.075% of the Fund’s average daily net assets between $500,000,000 and $1,000,000,000 and 0.05% of the Fund’s average daily net assets in excess of $1,000,000,000.

N/A

 

 

4 

To be renamed JPMorgan Small Cap Sustainable Leaders Fund on or about May 1, 2021

 

B-3


Category 3

The Administrator receives a pro-rata portion of the following annual fee on behalf of each Fund in Category 3 for administrative services: 0.070 of the first $150 billion of average daily net assets of all Category 3 funds in the JPMorgan Funds Complex, plus 0.050% of average daily net assets of all Category 3 funds between $150 billion and $300 billion, plus 0.030% of average daily net assets of all Category 3 funds between $300 billion and $400 billion, plus 0.010% of the average daily net assets of all Category 3 funds in excess of $400 billion.

 

Current Name

  

Prior Name

JPMorgan 100% U.S. Treasury Securities Money Market Fund

  

JPMorgan 100% U.S. Treasury Securities Money Market Fund

JPMorgan California Municipal Money Market Fund

  

JPMorgan California Tax Free Money Market Fund

JPMorgan Federal Money Market Fund

  

JPMorgan Federal Money Market Fund

JPMorgan Liquid Assets Money Market Fund

  

One Group Prime Money Market Fund

JPMorgan Municipal Money Market Fund

  

One Group Municipal Money Market Fund

JPMorgan New York Municipal Market Fund

  

JPMorgan New York Tax Free Money Market Fund

JPMorgan Prime Money Market Fund

  

JPMorgan Prime Money Market Fund

JPMorgan Tax Free Money Market Fund

  

JPMorgan Tax Free Money Market Fund

JPMorgan U.S. Government Money Market Fund

  

One Group Government Money Market Fund

JPMorgan U.S. Treasury Plus Money Market Fund

  

One Group U.S. Treasury Securities Money Market Fund

JPMorgan Institutional Tax Free Money Market Fund

  

N/A

JPMorgan Securities Lending Money Market Fund

  

N/A

Category 4

The Administrator receives a pro-rata portion of the following annual fee on behalf of each Fund for administrative services: 0.10% of the first $25 billion of average daily net assets of all Category 1 and Category 4 funds in the JPMorgan Funds Complex plus 0.025% of average daily net assets of all Category 1 and Category 4 funds over $25 billion. These Funds are feeders into the Growth and Income Portfolio that has an additional 0.05% administration fee.

N/A

 

B-4


Category 5

The Administrator receives a fee of 0.00% of the average daily net assets of all Category 5 Funds.

 

Current Name

  

Prior Name

JPMorgan SmartRetirement Income Fund

  

N/A

JPMorgan SmartRetirement 2020 Fund

  

N/A

JPMorgan SmartRetirement 2025 Fund

  

N/A

JPMorgan SmartRetirement 2030 Fund

  

N/A

JPMorgan SmartRetirement 2035 Fund

  

N/A

JPMorgan SmartRetirement 2040 Fund

  

N/A

JPMorgan SmartRetirement 2045 Fund

  

N/A

JPMorgan SmartRetirement 2050 Fund

  

N/A

JPMorgan SmartRetirement 2055 Fund

  

N/A

JPMorgan SmartRetirement 2060 Fund

  

N/A

JPMorgan Investor Balanced Fund

  

One Group Investor Balanced Fund

JPMorgan Investor Conservative Growth Fund

  

One Group Investor Conservative Growth Fund

JPMorgan Investor Growth & Income Fund

  

One Group Investor Growth & Income Fund

JPMorgan Investor Growth Fund

  

One Group Investor Growth Fund

Category 6

The Administrator receives a fee of 0.365% of the average daily net assets of all Category 6 Funds.

N/A

*             *             *             *

 

J.P. Morgan Fleming Mutual Fund Group, Inc.

J.P. Morgan Mutual Fund Investment Trust

Undiscovered Managers Funds

JPMorgan Trust I

JPMorgan Trust II

JPMorgan Trust IV

JPMorgan Insurance Trust

Each on behalf of itself and each of its Funds

By:  

 

Name:  

 

Title:  

 

J.P. Morgan Investment Management Inc.
By:  

                                  

Name:  

 

Title:  

 

 

B-5

Appendix A

Transfer Agency Agreement for

JPMorgan Funds

List of Entities Covered by the Transfer Agency Agreement

J.P. Morgan Funds Administered by JPMorgan Funds Management, Inc.

As of February 9, 2021

JPMorgan Institutional Trust – Delaware Statutory Trust

JPMorgan Intermediate Bond Trust

JPMorgan Core Bond Trust

J.P. Morgan Fleming Mutual Fund Group, Inc. – Maryland Corporation

JPMorgan Mid Cap Value Fund

J.P. Morgan Mutual Fund Investment Trust – Massachusetts Business Trust

JPMorgan Growth Advantage Fund

JPMorgan Insurance Trust – Massachusetts Business Trust

JPMorgan Insurance Trust Core Bond Portfolio

JPMorgan Insurance Trust Global Allocation Portfolio

JPMorgan Insurance Trust Income Builder Portfolio

JPMorgan Insurance Trust Mid Cap Value Portfolio

JPMorgan Insurance Trust Small Cap Core Portfolio

JPMorgan Insurance Trust U.S. Equity Portfolio

JPMorgan Trust I – Delaware Statutory Trust

JPMorgan 100% U.S. Treasury Securities Money Market Fund

JPMorgan Access Balanced Fund

JPMorgan Access Growth Fund

JPMorgan California Municipal Money Market Fund

JPMorgan California Tax Free Bond Fund

JPMorgan Corporate Bond Fund

JPMorgan Diversified Fund

JPMorgan Emerging Markets Debt Fund

JPMorgan Emerging Markets Equity Fund

JPMorgan Emerging Markets Strategic Debt Fund

JPMorgan Equity Focus Fund

JPMorgan Europe Dynamic Fund

JPMorgan Federal Money Market Fund

JPMorgan Floating Rate Income Fund

JPMorgan Global Allocation Fund

JPMorgan Global Bond Opportunities Fund

JPMorgan U.S. Value Fund

JPMorgan Hedged Equity Fund

JPMorgan High Yield Municipal Fund

JPMorgan Income Builder Fund

JPMorgan Income Fund

JPMorgan Inflation Managed Bond Fund

JPMorgan Intermediate Tax Free Bond Fund

 

1


JPMorgan International Advantage Fund1

JPMorgan International Equity Fund

JPMorgan International Focus Fund

JPMorgan International Value Fund

JPMorgan U.S. GARP Equity Fund

JPMorgan U.S. Sustainable Leaders Fund

JPMorgan Intrepid Value Fund2

JPMorgan Managed Income Fund

JPMorgan Mid Cap Equity Fund

JPMorgan New York Municipal Money Market Fund

JPMorgan New York Tax Free Bond Fund

JPMorgan Opportunistic Equity Long/Short Fund

JPMorgan Prime Money Market Fund

JPMorgan Research Market Neutral Fund

JPMorgan Short Duration Core Plus Fund

JPMorgan Small Cap Blend Fund

JPMorgan Small Cap Core Fund3

JPMorgan Small Cap Equity Fund

JPMorgan SmartRetirement Income Fund

JPMorgan SmartRetirement 2020 Fund

JPMorgan SmartRetirement 2025 Fund

JPMorgan SmartRetirement 2030 Fund

JPMorgan SmartRetirement 2035 Fund

JPMorgan SmartRetirement 2040 Fund

JPMorgan SmartRetirement 2045 Fund

JPMorgan SmartRetirement 2050 Fund

JPMorgan SmartRetirement 2055 Fund

JPMorgan SmartRetirement 2060 Fund

JPMorgan SmartRetirement Blend Income Fund

JPMorgan SmartRetirement Blend 2020 Fund

JPMorgan SmartRetirement Blend 2025 Fund

JPMorgan SmartRetirement Blend 2030 Fund

JPMorgan SmartRetirement Blend 2035 Fund

JPMorgan SmartRetirement Blend 2040 Fund

JPMorgan SmartRetirement Blend 2045 Fund

JPMorgan SmartRetirement Blend 2050 Fund

JPMorgan SmartRetirement Blend 2055 Fund

JPMorgan SmartRetirement Blend 2060 Fund

JPMorgan Strategic Income Opportunities Fund

JPMorgan Tax Aware Equity Fund

JPMorgan Tax Aware Real Return Fund

JPMorgan Tax Free Money Market Fund

JPMorgan Total Return Fund

JPMorgan U.S. Equity Fund

JPMorgan U.S. Large Cap Core Plus Fund

JPMorgan U.S. Research Enhanced Equity Fund

JPMorgan U.S. Small Company Fund

JPMorgan Unconstrained Debt Fund

JPMorgan Value Advantage Fund

 

 

1 

To be liquidated on or about February 26, 2021

2 

To be renamed JPMorgan U.S. Applied Data Science Value Fund on or about July 1, 2021

3 

To be renamed JPMorgan Small Cap Sustainable Leaders Fund on or about May 1, 2021

 

2


JPMorgan Trust II – Delaware Statutory Trust

JPMorgan Core Bond Fund

JPMorgan Core Plus Bond Fund

JPMorgan Equity Income Fund

JPMorgan Equity Index Fund

JPMorgan Government Bond Fund

JPMorgan High Yield Fund

JPMorgan International Research Enhanced Equity Fund

JPMorgan SMID Cap Equity Fund

JPMorgan Investor Balanced Fund

JPMorgan Investor Conservative Growth Fund

JPMorgan Investor Growth & Income Fund

JPMorgan Investor Growth Fund

JPMorgan Large Cap Growth Fund

JPMorgan Large Cap Value Fund

JPMorgan Limited Duration Bond Fund

JPMorgan Liquid Assets Money Market Fund

JPMorgan Market Expansion Enhanced Index Fund

JPMorgan Mid Cap Growth Fund

JPMorgan Mortgage-Backed Securities Fund

JPMorgan Sustainable Municipal Income Fund

JPMorgan Municipal Money Market Fund

JPMorgan Short Duration Bond Fund

JPMorgan Short-Intermediate Municipal Bond Fund

JPMorgan Small Cap Growth Fund

JPMorgan Small Cap Value Fund

JPMorgan Tax Free Bond Fund

JPMorgan U.S. Government Money Market Fund

JPMorgan U.S. Treasury Plus Money Market Fund

JPMorgan Trust IV – Delaware Statutory Trust

JPMorgan Core Focus SMA Fund

JPMorgan Emerging Markets Research Enhanced Equity Fund

JPMorgan Equity Premium Income Fund

JPMorgan Institutional Tax Free Money Market Fund

JPMorgan International Equity Plus Fund

JPMorgan International Hedged Equity Fund

JPMorgan Macro Opportunities Fund

JPMorgan Municipal SMA Fund

JPMorgan Securities Lending Money Market Fund

JPMorgan SmartSpending 2015 Fund

JPMorgan Ultra-Short Municipal Fund

JPMorgan SmartSpending 2020 Fund

JPMorgan Hedged Equity 2 Fund

JPMorgan Hedged Equity 3 Fund

Undiscovered Managers Funds – Massachusetts Business Trust

JPMorgan Realty Income Fund

Undiscovered Managers Behavioral Value Fund

 

3


This Appendix A supersedes and replaces any previously executed Appendix A between the parties.

*        *        *         *        *        *

 

JPMorgan Trust I

JPMorgan Trust II

JPMorgan Trust IV

Undiscovered Managers Funds

J.P. Morgan Fleming Mutual Fund Group, Inc.

J.P. Morgan Mutual Fund Investment Trust

JPMorgan Institutional Trust

JPMorgan Insurance Trust

    DST Asset Manager Solutions, Inc.
By:  

                          

    By:  

                              

Name:  

 

    Name:  

 

Title:  

 

    Title:  

 

 

4

SCHEDULE B

TO THE SHAREHOLDER SERVICING AGREEMENT

(Amended as of February 9, 2021)

Money Market Funds

 




Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 

JPMorgan 100% U.S. Treasury Securities Money Market Fund

   JPMorgan 100% U.S. Treasury Securities Money Market Fund    Capital      0.05
      Institutional      0.10
      Agency      0.15
      Premier      0.30
      Morgan      0.35
      Reserve      0.30
      Academy      0.05
      Empower      0.05

JPMorgan California Municipal Money Market Fund

   JPMorgan California Tax Free Money Market Fund    Morgan      0.35
      Institutional      0.10
      Agency      0.15
      E*TRADE      0.30
      Service      0.30
      Premier      0.30

JPMorgan Federal Money Market Fund

   JPMorgan Federal Money Market Fund    Institutional      0.10
      Agency      0.15
      Premier      0.30
      Morgan      0.35
      Capital      0.05

JPMorgan Liquid Assets Money Market Fund

   One Group Prime Money Market Fund    Capital      0.05
      Institutional      0.10
      Agency      0.15
      Premier      0.30
      Investor      0.35
      Morgan      0.35
      Reserve      0.30
      Class C      0.25
      E*TRADE      0.30

JPMorgan Municipal Money Market Fund

   One Group Municipal Money Market Fund    Institutional      0.10
      Agency      0.15
      Premier      0.30
      Morgan      0.35
      Service      0.30
      E*TRADE      0.30

 

B-1





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 

JPMorgan New York Municipal Money Market Fund

   JPMorgan New York Tax Free Money Market Fund    Morgan      0.35
      Institutional      0.10
      Agency      0.15
      Reserve      0.30
      Service      0.30
      E*TRADE      0.30
      Premier      0.30

JPMorgan Prime Money Market Fund

   JPMorgan Prime Money Market Fund    Capital      0.05
      Institutional      0.10
      Agency      0.15
      Premier      0.30
      Morgan      0.35
      Reserve      0.30
      Class C      0.25
      Academy      0.05
      Empower      0.05

JPMorgan Tax Free Money Market Fund

   JPMorgan Tax Free Money Market Fund    Institutional      0.10
      Agency      0.15
      Premier      0.30
      Morgan      0.35
      Reserve      0.30

JPMorgan U.S. Government Money Market Fund

   One Group Government Money Market Fund    Capital      0.05
      Institutional      0.10
      Agency      0.15
      Premier      0.30
      Morgan      0.35
      Reserve      0.30
      Service      0.30
      Investor      0.35
      E*TRADE      0.30
      Academy      0.05
      Empower      0.05

JPMorgan U.S. Treasury Plus Money Market Fund

   One Group U.S. Treasury Securities Money Market Fund    Capital      0.05
      Institutional      0.10
      Agency      0.15
      Premier      0.30
      Investor      0.35
      Morgan      0.35
      Reserve      0.30
      Class C      0.25

 

B-2





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 
      Academy      0.05
      Empower      0.05

JPMorgan Institutional Tax Free Money Market Fund

      Capital      0.05
      Institutional      0.10
      Agency      0.15

Equity Funds

 




Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 

JPMorgan Access Balanced Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Access Growth Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Diversified Fund

   JPMorgan Diversified Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class L      0.10

JPMorgan SMID Cap Equity Fund

   JPMorgan Intrepid Mid Cap Fund, One Group Diversified Mid Cap Fund and JPMorgan    Class A      0.25
   Diversified Mid Cap Fund    Class C      0.25
      Class I      0.25
      Class R3      0.25
      Class R4      0.25

JPMorgan Mid Cap Growth Fund

   One Group Mid Cap Growth Fund and JPMorgan Diversified    Class A      0.25
   Mid Cap Growth Fund (name effective until 6/27/09)    Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Emerging Markets Equity Fund

   JPMorgan Fleming Emerging Markets Equity Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

 

B-3





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 
      Class L      0.10
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Emerging Markets Research Enhanced Equity Fund

      Class I      0.25

JPMorgan Equity Focus Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Equity Income Fund

   One Group Equity Income Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Equity Index Fund

   One Group Equity Index Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Equity Premium Income Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R5      0.10

JPMorgan Global Allocation Fund

   JPMorgan Global Flexible Fund (name effective    Class A      0.25
   until 2/17/11)    Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan U.S. Value Fund

   JPMorgan Growth and Income Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Hedged Equity Fund

   N/A    Class A      0.25
      Class C      0.25

 

B-4





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 
      Class I      0.25
      Class R5      0.10

JPMorgan Hedged Equity 2 Fund

      Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R5      0.10

JPMorgan Hedged Equity 3 Fund

      Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R5      0.10

JPMorgan International Equity Fund

   JPMorgan Fleming International Equity Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R5      0.10

JPMorgan International Equity Plus Fund

      Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan International Hedged Equity Fund

      Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R5      0.10

JPMorgan International Research Enhanced Equity Fund

   One Group International Equity Index Fund and JPMorgan    Class A      0.25
   International Equity Index Fund (name effective until 6/30/14)    Class I      0.25

JPMorgan International Focus Fund

   JPMorgan International Unconstrained Equity Fund (name effective until 4/20/20)    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R5      0.10

JPMorgan International Value Fund

   JPMorgan Fleming International Value Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class L      0.10
      Class R2      0.25
      Class R5      0.10

 

B-5





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 

JPMorgan U.S. Sustainable Leaders Fund

  

JPMorgan Intrepid Investor Fund, JPMorgan Intrepid Contrarian

Fund (name effective until 4/10/06), JPMorgan Intrepid

   Class A      0.25
      Class C      0.25
   Multi Cap Fund (name effective until 4/30/13) and JPMorgan Intrepid Advantage Fund (name effective until 3/31/17), JPMorgan Intrepid Sustainable Equity Fund    Class I      0.25

JPMorgan Europe Dynamic Fund

   JPMorgan Intrepid European Fund and JPMorgan Fleming Intrepid European Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class L      0.10

JPMorgan U.S. GARP Equity Fund

   JPMorgan Intrepid Growth Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R5      0.10

JPMorgan International Advantage Fund1

   JPMorgan Intrepid International Fund, JPMorgan Fleming Tax Aware International Opportunities    Class A      0.25
   Fund and JPMorgan Tax Aware International    Class C      0.25
   Opportunities Fund    Class I      0.25
      Class R2      0.25

JPMorgan Intrepid Value Fund2

   JPMorgan Intrepid Value Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R5      0.10

JPMorgan Investor Balanced Fund

   One Group Investor Balanced Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Investor Conservative Growth Fund

   One Group Investor Conservative Growth Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Investor Growth Fund

   One Group Investor Growth Fund    Class A      0.25

 

1 

To be liquidated on or about February 26, 2021

2 

To be renamed JPMorgan U.S. Applied Data Science Value Fund on or about July 1, 2021

 

B-6





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Investor Growth & Income Fund

   One Group Investor Growth & Income Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Large Cap Growth Fund

   One Group Large Cap Growth Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Large Cap Value Fund

   One Group Large Cap Value Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Macro Opportunities Fund

      Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Market Expansion Enhanced Index Fund

   One Group Market Expansion Index Fund and JPMorgan    Class A      0.25
   Market Expansion Index Fund (name effective until    Class C      0.25
   4/30/13)    Class I      0.25
      Class R2      0.25

JPMorgan Mid Cap Equity Fund

   JPMorgan Mid Cap Equity Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R5      0.10

JPMorgan Growth Advantage Fund

   JPMorgan Mid Cap Growth Fund (change effective 8/17/05)    Class A      0.25

 

B-7





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Mid Cap Value Fund

   JPMorgan Mid Cap Value Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class L      0.10
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Opportunistic Equity Long/Short Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Research Market Neutral Fund

   JPMorgan Market Neutral Fund (name effective until 2/28/10)    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Small Cap Blend Fund

   JPMorgan Dynamic Small Cap Growth Fund and JPMorgan Dynamic Small Cap Fund (name effective until 6/29/07)    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Small Cap Core Fund3

   JPMorgan Trust Small Cap Equity Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Small Cap Equity Fund

   JPMorgan Small Cap Equity Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

 

3 

To be renamed JPMorgan Small Cap Sustainable Leaders Fund on or about May 1, 2021

 

B-8





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Small Cap Growth Fund

   One Group Small Cap Growth Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class L      0.10
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Small Cap Value Fund

   One Group Small Cap Value Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement Income Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement 2020 Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement 2025 Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

 

B-9





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 

JPMorgan SmartRetirement 2030 Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement 2035 Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement 2040 Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement 2045 Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement 2050 Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement 2055 Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25

 

B-10





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement 2060 Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement Blend Income Fund

   N/A    Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement Blend 2020 Fund

   N/A    Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement Blend 2025 Fund

   N/A    Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement Blend 2030 Fund

   N/A    Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement Blend 2035 Fund

   N/A    Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement Blend 2040 Fund

   N/A    Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement Blend 2045 Fund

   N/A    Class I      0.25

 

B-11





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement Blend 2050 Fund

   N/A    Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement Blend 2055 Fund

   N/A    Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartRetirement Blend 2060 Fund

   N/A    Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartSpending 2015 Fund

   JPMorgan SmartSpending 2050 Fund    Class A      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan SmartSpending 2020 Fund

   N/A    Class A      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Tax Aware Equity Fund

   JPMorgan Tax Aware Disciplined Equity Fund (name    Class A      0.25
   effective until 12/10/10)    Class C      0.25
      Class I      0.25

JPMorgan U.S. Equity Fund

   JPMorgan U.S. Equity Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class L      0.10
      Class R2      0.25
      Class R3      0.25

 

B-12





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee *
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 
      Class R4      0.25
      Class R5      0.10

JPMorgan U.S. Large Cap Core Plus Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R5      0.10

JPMorgan U.S. Research Enhanced Equity Fund

   JPMorgan Disciplined Equity Fund    Class A      0.25
      Class I      0.25

JPMorgan U.S. Small Company Fund

   JPMorgan U.S. Small Company Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class L      0.10
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Value Advantage Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class L      0.10
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

Undiscovered Managers Behavioral Value Fund

   Undiscovered Managers Behavioral Value Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class L      0.10
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Realty Income Fund

   Undiscovered Managers REIT Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class L      0.10
      Class R5      0.10

 

B-13


Fixed Income Funds

 




Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee*
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 

JPMorgan California Tax Free Bond Fund

   JPMorgan California Bond Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Core Bond Fund

   One Group Bond Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Core Plus Bond Fund

   One Group Income Bond Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Corporate Bond Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Emerging Markets Debt Fund

   JPMorgan Fleming Emerging Markets Debt Fund    Class A      0.25
      Class I      0.25
      Class C      0.25
      Class R5      0.10

JPMorgan Emerging Markets Strategic

   JPMorgan Emerging Markets Local Currency Debt    Class A      0.25

Debt Fund

   Fund (name effective until 9/30/16)    Class C      0.25
      Class I      0.25
      Class R2      0.25

JPMorgan Floating Rate Income Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Global Bond Opportunities Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Government Bond Fund

   One Group Government Bond Fund    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R3      0.25

 

B-14





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee*
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 
      Class R4      0.25

JPMorgan High Yield Fund

   One Group High Yield Bond Fund and    Class A      0.25
   JPMorgan High Yield Bond Fund (name effective until    Class C      0.25
   9/14/09)    Class I      0.25
      Class R2      0.25
      Class R3      0.25
      Class R4      0.25
      Class R5      0.10

JPMorgan Income Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Income Builder Fund

   JPMorgan World Income Builder Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Inflation Managed Bond Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R5      0.10

JPMorgan Intermediate Tax Free Bond Fund

   JPMorgan Intermediate Tax Free Income Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Managed Income Fund

   N/A    Class I      0.25
      Class L      0.10

JPMorgan Mortgage-Backed Securities Fund

   One Group Mortgage-Backed Securities Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Sustainable Municipal Income Fund

   JPMorgan Sustainable Municipal Income Fund and One Group Municipal Income Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan New York Tax Free Bond Fund

   JPMorgan New York Intermediate Tax Free Income Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Short Duration Bond Fund

   One Group Short-Term Bond Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Short Duration Core Plus Fund

      Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Short-Intermediate Municipal Bond Fund

   One Group Short-Term Municipal Bond Fund and    Class A      0.25
   JPMorgan Short Term Municipal Bond Fund    Class C      0.25

 

B-15





Current Name

  




Former Name

  




Share Class

   Shareholder Servicing Fee*
(annual rate expressed as a
percentage of the average
daily net assets of each
Class of Shares)
 
   (name effective until 4/30/09)      
      Class I      0.25

JPMorgan Strategic Income Opportunities Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R5      0.10

JPMorgan High Yield Municipal Fund

   JPMorgan Tax Aware High Income Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Tax Aware Real Return Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Tax Free Bond Fund

   One Group Tax-Free Bond Fund    Class A      0.25
      Class C      0.25
      Class I      0.25

JPMorgan Total Return Fund

   N/A    Class A      0.25
      Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R5      0.10

JPMorgan Ultra-Short Municipal Fund

   N/A    Class A      0.25
      Class I      0.25

JPMorgan Unconstrained Debt Fund

   JPMorgan Multi-Sector Income Fund (name effective    Class A      0.25
   until 10/22/14)    Class C      0.25
      Class I      0.25
      Class R2      0.25
      Class R5      0.10

JPMorgan Limited Duration Bond Fund

   One Group Ultra Short-Term Bond Fund and JPMorgan    Class A      0.25
   Ultra Short Term Bond Fund (name change effective    Class C      0.25
   7/1/06) and JPMorgan Ultra Short Duration Bond Fund    Class I      0.25
   (name effective until 8/31/09)      

 

*

Up to 0.25% of this fee may be for the Shareholder Services described in Section 2.2 of this Agreement.

 

B-16


*         *        *        *

 

JPMorgan Distribution Services, Inc.   

J.P. Morgan Fleming Mutual Fund Group, Inc.

J.P. Morgan Mutual Fund Investment Trust

JPMorgan Trust I

JPMorgan Trust II

JPMorgan Trust IV

Undiscovered Managers Funds

On behalf of themselves and each of their Funds

By:                                                                                        By:                                                                                    
Name:                                                                                  Name:                                                                              
Title:                                                                                     Title:                                                                                 

 

B-17

July 1, 2021

Undiscovered Managers Funds

277 Park Avenue

New York, NY 10172

Dear Sirs:

J.P. Morgan Investment Management Inc. and JPMorgan Distribution Services, Inc. (collectively, “JPMorgan Service Providers”) hereby agree to waive fees owed to each JPMorgan Service Provider or to reimburse each Fund listed on Schedule A for the time periods so indicated. The JPMorgan Service Providers will waive fees or reimburse expenses to the extent total operating expenses exceed the rate of average daily net assets also indicated on Schedule A. This expense limitation does not include acquired fund fees and expenses, dividend and interest1 expenses on securities sold short, interest, taxes, expenses related to litigation and potential litigation, expenses related to Trustee elections, extraordinary expenses not incurred in the ordinary course of the Funds’ business. In addition, the Funds may invest in one or more money market funds advised by the J.P. Morgan Investment Management Inc. or its affiliates (“affiliated money market funds”). The JPMorgan Service Providers as a Fund’s adviser, shareholder servicing agent and/or administrator hereby contractually agree 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 such Fund’s investment in such money market funds. This waiver does not apply to each Fund’s investments in affiliated money market funds made with cash received as collateral from securities lending borrowers.

The JPMorgan Service Providers understand and intend that the Funds will rely on this agreement in preparing and filing their registration statements on Form N-1A and in accruing the Funds’ expenses for purposes of calculating net asset value and for other purposes, and expressly permit the Funds to do so.

Please acknowledge acceptance on the enclosed copy of this letter.

 

Very truly yours,

 

J.P. Morgan Investment Management Inc.

JPMorgan Distribution Services, Inc.

 

By:

Accepted by:

Undiscovered Managers Funds

 

By:

 

 

1 

In calculating the interest expense on short sales for purposes of this exclusion, each Fund will recognize all economic elements of interest costs, including premium and discount adjustments.


SCHEDULE A

 

Fund Name

   Class    Fiscal Year End    Expense Cap     Expense Cap Period End

JPMorgan Realty Income Fund

   Class A    Last Day of
February
     1.18   June 30, 2022
   Class C    Last Day of
February
     1.68   June 30, 2022
   Class I    Last Day of
February
     0.93   June 30, 2022
   Class L    Last Day of
February
     0.78   June 30, 2022
   Class R5    Last Day of
February
     0.78   June 30, 2022
   Class R6    Last Day of
February
     0.68   June 30, 2022
LOGO   

One International Place, 40th Floor
100 Oliver Street
Boston, MA 02110-2605

+1 617 728 7100 Main

+1 617 426 6567 Fax

www.dechert.com

 

June 23, 2021

Undiscovered Managers Funds

277 Park Avenue

New York, NY 10172

 

  Re:

Undiscovered Managers Funds

File Nos. 333-37711 and 811-08437

Dear Ladies and Gentlemen:

We have acted as counsel for Undiscovered Managers Funds, a Massachusetts business trust (the “Trust”), and its separate series, JPMorgan Realty Income Fund (the “Fund”), in connection with Post-Effective Amendment No. 71 to the Trust’s Registration Statement on Form N-1A (the “Registration Statement”) filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”).

We have examined and relied upon originals, copies or electronic mail transmissions of, among other things, the following: the Registration Statement; the Amended and Restated Agreement and Declaration of Trust of the Trust dated December 3, 1997, as amended to date; and the By-Laws of the Trust as amended and restated August 20, 2014. We have also examined such documents and questions of law as we have deemed necessary or appropriate for the purposes of the opinions expressed herein.

In rendering this opinion we have assumed, without independent verification: (i) the due authority of all individuals signing in representative capacities and the genuineness of signatures; (ii) the authenticity, completeness and continued effectiveness of all documents or copies furnished to us; (iii) that any resolutions provided have been duly adopted by the Fund’s Board of Trustees; (iv) that the facts contained in the instruments and certificates or statements of public officials, officers and representatives of the Fund on which we have relied for the purposes of this opinion are true and correct; and (v) that no amendments, agreements, resolutions or actions have been approved, executed or adopted which would limit, supersede or modify the items described above.

Based upon the foregoing, we are of the opinion that the Fund’s shares registered under the Securities Act, when issued and sold in accordance with the terms of purchase described in the Registration Statement, will be validly issued, fully paid and non-assessable.


LOGO   

 

Undiscovered Managers Funds

Page 2

 

The opinions expressed herein are given as of the date hereof and we undertake no obligation and hereby disclaim any obligation to advise you of any change after the date of this opinion pertaining to any matter referred to herein. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our name in the Registration Statement, unless and until we revoke such consent. In giving such consent, however, we do not admit that we are within the category of persons whose consent is required by Section 7 of the Securities Act or the rules and regulations thereunder.

Very Truly Yours,

 

/s/ Dechert LLP

Dechert LLP

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form N-1A of Undiscovered Managers Funds of our report dated April 26, 2021, relating to the financial statements and financial highlights, which appears in JPMorgan Realty Income Fund’s Annual Report on Form N-CSR for the year ended February 28, 2021. We also consent to the references to us under the headings “Financial Statements”, “Independent Registered Public Accounting Firm” and “Financial Highlights” in such Registration Statement.

/s/ PricewaterhouseCoopers LLP

New York, New York

June 23, 2021

SCHEDULE B

JPMORGAN FUNDS

COMBINED AMENDED AND RESTATED DISTRIBUTION PLAN

(Amended as of February 9, 2021)

Money Market Funds

 



Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed as
a percentage of the
average daily net assets
of each Class of Shares)
 

JPMorgan 100% U.S. Treasury Securities Money Market Fund

  

JPMorgan 100% U.S. Treasury Securities Money Market Fund

   Morgan      0.10
      Reserve      0.25

JPMorgan California Municipal Money Market Fund

  

JPMorgan California Tax Free Money Market Fund

   Morgan      0.10
      E*TRADE      0.60
      Service      0.60

JPMorgan Federal Money Market Fund

  

JPMorgan Federal Money Market Fund

   Morgan      0.10

JPMorgan Liquid Assets Money Market Fund

  

One Group Prime Money Market Fund

   Reserve      0.25
      Morgan      0.10
      Class C      0.75
      E*TRADE      0.60

JPMorgan Municipal Money Market Fund

  

One Group Municipal Money Market Fund

   Morgan      0.10
      Service      0.60
      E*TRADE      0.60

JPMorgan New York Municipal Money Market Fund

  

JPMorgan New York Tax Free Money Market Fund

   Morgan      0.10
      Reserve      0.25

 

B-1




Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed as
a percentage of the
average daily net assets
of each Class of Shares)
 
      E*TRADE      0.60
      Service      0.60

JPMorgan Prime Money Market Fund

  

JPMorgan Prime Money Market Fund

   Reserve      0.25
      Class C      0.75

JPMorgan Tax Free Money Market Fund

  

JPMorgan Tax Free Money Market Fund

   Morgan      0.10
      Reserve      0.25

JPMorgan U.S. Government Money Market Fund

  

One Group Government Money Market Fund

   Reserve      0.25
      Morgan      0.10
      Service      0.60
      E*TRADE      0.60

JPMorgan U.S. Treasury Plus Money Market Fund

  

One Group U.S. Treasury Securities Money Market Fund

   Reserve      0.25
      Morgan      0.10
      Class C      0.75

 

B-2


Equity Funds

 




Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 

JPMorgan Access Balanced Fund

  

N/A

   Class A      0.25
      Class C      0.75

JPMorgan Access Growth Fund

  

N/A

   Class A      0.25
      Class C      0.75

JPMorgan Diversified Fund

  

JPMorgan Diversified Fund

   Class A      0.25
      Class C      0.75

JPMorgan Mid Cap Growth Fund

  

One Group Mid Cap Growth Fund and JPMorgan Diversified Mid

   Class A      0.25
  

Cap Growth Fund (name effective until 6/27/09)

   Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Emerging Markets Equity Fund

  

JPMorgan Fleming Emerging Markets Equity Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Equity Focus Fund

  

N/A

   Class A      0.25
      Class C      0.75

JPMorgan Equity Income Fund

  

One Group Equity Income Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Equity Index Fund

  

One Group Equity Index Fund

   Class A      0.25
      Class C      0.75

 

B-3





Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 

JPMorgan Equity Premium Income Fund

  

N/A

   Class A      0.25
      Class C      0.75

JPMorgan Global Allocation Fund

  

JPMorgan Global Flexible Fund (name effective until 2/17/11)

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan U.S. Value Fund

  

JPMorgan Growth and Income Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Hedged Equity Fund

  

N/A

   Class A      0.25
      Class C      0.75

JPMorgan Hedged Equity 2 Fund

      Class A      0.25
      Class C      0.75

JPMorgan Hedged Equity 3 Fund

      Class A      0.25
      Class C      0.75

JPMorgan International Equity Fund

  

JPMorgan Fleming International Equity Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50

JPMorgan International Equity Plus Fund

  

N/A

   Class A      0.25
      Class C      0.75

JPMorgan International Hedged Equity Fund

      Class A      0.25

 

B-4





Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 
      Class C      0.75

JPMorgan International Research Enhanced Equity Fund

  

One Group International Equity Index Fund and JPMorgan

   Class A      0.25
  

International Equity Index Fund (name effective until 6/30/14)

     

JPMorgan International Focus Fund

  

JPMorgan International Unconstrained Equity Fund (name effective until 4/20/20)

   Class A      0.25
      Class C      0.75
      Class R2      0.50

JPMorgan International Value Fund

  

JPMorgan Fleming International Value Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50

JPMorgan U.S. Sustainable Leaders Fund

  

JPMorgan Intrepid Sustainable Equity Fund, JPMorgan Intrepid Investor Fund, JPMorgan Intrepid

   Class A      0.25
  

Contrarian Fund (name effective until 4/10/06) and JPMorgan

   Class C      0.75
  

Intrepid Multi Cap Fund, JPMorgan Intrepid Advantage Fund

     

JPMorgan Europe Dynamic Fund

  

JPMorgan Fleming Intrepid European Fund, JPMorgan Intrepid European Fund

   Class A      0.25
      Class C      0.75

JPMorgan U.S. GARP Equity Fund

  

JPMorgan Intrepid Growth Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50

JPMorgan SMID Cap Equity Fund

  

JPMorgan Intrepid Mid Cap Fund, One Group Diversified Mid Cap Fund and JPMorgan Diversified

   Class A      0.25
  

Mid Cap Fund

   Class C      0.75

 

B-5





Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 
      Class R3      0.25

JPMorgan Intrepid Value Fund1

  

JPMorgan Intrepid Value Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50

JPMorgan Investor Balanced Fund

  

One Group Investor Balanced Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Investor Conservative Growth Fund

  

One Group Investor Conservative Growth Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Investor Growth Fund

  

One Group Investor Growth Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Investor Growth & Income Fund

  

One Group Investor Growth & Income Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50

 

1 

To be renamed JPMorgan U.S. Applied Data Science Value Fund on or about July 1, 2021

 

B-6





Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 
      Class R3      0.25

JPMorgan Large Cap Growth Fund

  

One Group Large Cap Growth Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Large Cap Value Fund

  

One Group Large Cap Value Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Macro Opportunities Fund

      Class A      0.25
      Class C      0.75

JPMorgan Market Expansion Enhanced Index Fund

  

One Group Market Expansion Index Fund and JPMorgan Market

   Class A      0.25
  

Expansion Index Fund (name effective until 4/30/13)

   Class C      0.75
      Class R2      0.50

JPMorgan Mid Cap Equity Fund

  

JPMorgan Mid Cap Equity Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50

JPMorgan Growth Advantage Fund

  

JPMorgan Mid Cap Growth Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Mid Cap Value Fund

  

JPMorgan Mid Cap Value Fund

   Class A      0.25

 

B-7





Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Opportunistic Equity Long/Short Fund

  

N/A

   Class A      0.25
      Class C      0.75

JPMorgan Research Market Neutral Fund

  

JPMorgan Market Neutral Fund (name effective until 2/28/10)

   Class A      0.25
      Class C      0.75

JPMorgan Small Cap Blend Fund

  

JPMorgan Dynamic Small Cap Growth Fund (name effective until 5/31/18); JPMorgan Dynamic Small Cap Fund (name effective until 6/29/07)

   Class A      0.25
      Class C      0.75

JPMorgan Small Cap Core Fund2

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Small Cap Equity Fund

  

JPMorgan Small Cap Equity Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Small Cap Growth Fund

  

One Group Small Cap Growth Fund

   Class A      0.25

 

2 

To be renamed JPMorgan Small Cap Sustainable Leaders Fund on or about May 1, 2021

 

B-8





Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Small Cap Value Fund

  

One Group Small Cap Value Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement Income Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement 2020 Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement 2025 Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement 2030 Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50

 

B-9





Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 
      Class R3      0.25

JPMorgan SmartRetirement 2035 Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement 2040 Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement 2045 Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement 2050 Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement 2055 Fund

  

N/A

   Class A      0.25
      Class C      0.75

 

B-10





Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 
      Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement 2060 Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement Blend Income Fund

  

N/A

   Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement Blend 2020 Fund

  

N/A

   Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement Blend 2025 Fund

  

N/A

   Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement Blend 2030 Fund

  

N/A

   Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement Blend 2035 Fund

  

N/A

   Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement Blend 2040 Fund

  

N/A

   Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement Blend 2045 Fund

  

N/A

   Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement Blend 2050 Fund

  

N/A

   Class R2      0.50
      Class R3      0.25

 

B-11





Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 

JPMorgan SmartRetirement Blend 2055 Fund

  

N/A

   Class R2      0.50
      Class R3      0.25

JPMorgan SmartRetirement Blend 2060 Fund

  

N/A

   Class R2      0.50
      Class R3      0.25

JPMorgan SmartSpending 2015 Fund

  

JPMorgan SmartSpending 2050 Fund (name effective until 5/1/20)

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan SmartSpending 2020 Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan International Advantage Fund3

  

JPMorgan Fleming Tax Aware International Opportunities Fund,

   Class A      0.25
  

JPMorgan Tax Aware International Opportunities Fund,

   Class C      0.75
  

JPMorgan Intrepid International Fund

   Class R2      0.50

JPMorgan Tax Aware Equity Fund

  

JPMorgan Tax Aware Disciplined Equity Fund (name effective

   Class A      0.25
  

until 12/10/10)

   Class C      0.75

JPMorgan U.S. Equity Fund

  

JPMorgan U.S. Equity Fund

   Class A      0.25

 

3 

To be liquidated on or about February 26, 2021

 

B-12





Current Name

  



Former Name

  



Share Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan U.S. Large Cap Core Plus Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50

JPMorgan U.S. Research Enhanced Equity Fund

  

JPMorgan Disciplined Equity Fund (name effective until 11/1/17)

   Class A      0.25

JPMorgan U.S. Small Company Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Value Advantage Fund

  

N/A

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

Undiscovered Managers Behavioral Value Fund

  

Undiscovered Managers Behavioral Value Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Realty Income Fund

  

Undiscovered Managers REIT Fund (name change effective

   Class A      0.25
  

12/31/05)

   Class C      0.75

 

B-13


Fixed Income Funds

 




Current Name

  




Former Name

  




Share
Class

   Distribution Fee
(annual rate expressed
as a percentage of the
average daily net assets
of each Class of Shares)
 

JPMorgan California Tax Free Bond Fund

  

JPMorgan California Bond Fund

   Class A      0.25
      Class C      0.75

JPMorgan Core Bond Fund

  

One Group Bond Fund

   Class A      0.25
      Class C      0.75
      Class R2      0.50
      Class R3      0.25

JPMorgan Core Plus Bond Fund

  

One Group Income Bond Fund

   Class A      0.25
      Class C