Form DEFA14A JPMorgan Trust I

September 17, 2021 11:56 AM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.



Washington, D.C. 20549


Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☐ Definitive Proxy Statement

☒ Definitive Additional Materials

☐ Soliciting Material Pursuant to Rule 14a-12

JPMorgan Trust I

JPMorgan Trust II

JPMorgan Trust IV

J.P. Morgan Mutual Fund Investment Trust

Undiscovered Managers Funds

JPMorgan Insurance Trust

JPMorgan Institutional Trust

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

J.P. Morgan Exchange-Traded Fund Trust



(Name of Registrant as Specified In Its Charter)



(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☒ No fee required.

☐ Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.


       1)    Title of each class of securities to which transaction applies:


  2)    Aggregate number of securities to which transaction applies:


  3)    Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):


  4)    Proposed maximum aggregate value of transaction:


  5)    Total fee paid:


  Fee paid with preliminary materials.
  Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
  1)    Amount Previously Paid:


  2)    Form, Schedule or Registration Statement No.:


  3)    Filing Party:


  4)    Date Filed:


Fund Update Communications



Presently, proxy statements are being distributed to shareholders for the upcoming shareholder meeting scheduled for Wednesday, October 27, 2021.

Shareholders of all funds listed in the proxy statements are being asked to elect 16 individuals (“Nominees”) to serve on a single, unified board with common members across the J.P. Morgan Mutual Funds and J.P. Morgan ETFs (the “New Board”).

The Mutual Fund Board and the ETF Board separately determined that it is in the best interests of the J.P. Morgan Mutual Funds and the J.P. Morgan ETFs to be overseen by the same group of trustees/directors and specifically by the individuals nominated for election.

For additional details, please reference the Q&A below.

What is the timeline for proxy materials to be sent to shareholders?

The proxy materials were mailed to shareholder on or about September 16, 2021 in preparation for a special shareholder meeting to be held on October 27, 2021 to address the election of the New Board.

Why combine the boards now?

From a governance perspective and at this point in the evolution of the J.P. Morgan mutual fund and ETF businesses, it makes sense to combine the fund boards, subject to shareholder approval. JPMorgan launched its first ETF in 2015 and 6 years later they have more than 35 products, managing over $60 billion globally across a range of asset classes and investment styles. In light of the continued convergence of mutual funds and ETFs, we believe that shareholders will now be well-served by combining the substantial expertise of the J.P. Morgan Mutual Fund and J.P. Morgan ETF boards.

How do the J.P. Morgan Mutual Fund and J.P. Morgan ETF Boards recommend shareholders vote?

After careful consideration, the current Boards of Trustees of the J.P. Morgan Mutual Funds and J.P. Morgan ETFs each unanimously recommended that shareholders vote “FOR ALL” the Nominees.

Why are the current Trustees recommending that that shareholders approve each of the Nominees?

In reaching its determination to recommend shareholder approval of the Nominees, the current Mutual Fund and ETF Trustees carefully considered the experience, qualifications, attributes, and skills of each Nominee, as well as the potential benefits of moving to a unified board structure. The conclusions reached by the Trustees were based on a comprehensive evaluation of all of the information provided and were not the result of any one factor.

When will the new Board be effective?

The New Board will only take effect if approved by shareholders. If shareholders approve, the New Board is expected to take effect in early 2022.

What happens if a shareholder needs a copy of a Proxy Statement, a proxy card or other proxy materials?

The Proxy Statement is available at and a paper copy can be obtained at no charge by calling 1-855-737-3175.

What happens if the shareholders do not vote their shares?

All shareholders are encouraged to vote their shares. Shareholders who do not vote their shares may receive a telephone call or additional mailings encouraging them to vote their shares.

In addition please reference the attached “Do’s and Don’ts” guide regarding the shareholder solicitation of proxies.

If you have any additional questions, please contact AMA Product Development



© 2021 JPMorgan Chase & Co.

J.P. Morgan Asset Management, 277 Park Ave., New York, NY 10172

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

SEC Filings

Related Entities