JPMORGAN TRUST I
J.P. Morgan Funds
JPMorgan Global Allocation Fund
JPMorgan Income Builder Fund
JPMorgan SmartRetirement Funds
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 Funds
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 TRUST IV
JPMorgan SmartRetirement Funds
JPMorgan SmartRetirement® 2065 Fund
JPMorgan SmartRetirement Blend Funds
JPMorgan SmartRetirement® Blend 2065 Fund
(each, a Fund and collectively, the Funds)
(all Share Classes)
Supplement dated April 9, 2025
to the current Summary Prospectuses, Prospectuses and
Statements of Additional Information, as supplemented
Portfolio Manager Retirement. Jeffrey Geller has announced his retirement from J.P. Morgan Investment Management Inc. to be effective in late 2026. Mr. Geller will continue to serve on the Funds portfolio management teams until the first quarter of 2026, at which time a subsequent announcement will be made regarding the specific date that Mr. Geller will cease serving as a listed portfolio manager. Upon his removal as a listed portfolio manager, Mr. Geller will continue to serve as an advisor to management and investment teams through his retirement date in late 2026.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE SUMMARY PROSPECTUSES, PROSPECTUSES AND
STATEMENTS OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE
SUP-MAS-PM-425