Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print JPMorgan Equity Index I  HLEIX Release date as of 2024-04-30. Data on page is subject to change. Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-04-30 Out of 1294 Large Blend Funds Morningstar® Style Box™ What is this? As of 2024-03-31 Total Fund Assets ($ Mil) 9,546.89 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks investment results that correspond to the aggregate price and dividend performance of securities in the Standard & Poor's 500 Composite Stock Price Index (S&P 500 Index). The fund invests in stocks included in the S&P 500 Index and also may invest in stock index futures. The fund's adviser attempts to track the aggregate price and dividend performance of securities in the S&P 500 Index to achieve a correlation of at least 0.95 between the performance of the fund and that of the index without taking into account the fund's expenses.

Morningstar Category: Large Blend Large-blend portfolios are fairly representative of the overall US stock market in size, growth rates and price. Stocks in the top 70% of the capitalization of the US equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of US industries, and owing to their broad exposure, the portfolios' returns are often similar to those of the S&P 500 Index.

Performance Growth of $10,000 (from 2014-01-01 to 2024-04-30) Investment: JPMorgan Equity Index I Benchmark 1: S&P 500 TR USD Benchmark 2: Russell 1000 TR USD Category: Large Blend This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden. Total Annualized Returns % YTD 1 Year 3 Year 5 Year 10 Year Since Inception Investment 5.97 22.42 7.84 12.97 12.18 10.13 S&P 500 TR USD 6.04 22.66 8.06 13.19 12.41 10.39 Russell 1000 TR USD 5.60 22.82 6.98 12.87 12.14 10.49 Category 5.31 20.31 6.48 11.78 10.96 8.85 Morningstar Rating --- --- --- # of compared Large Blend funds covered (3 yrs : out of 1294 funds) (5 yrs : out of 1180 funds) (10 yrs : out of 890 funds) Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods. Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown. Fees and Expenses Total Annual Operating Expense 0.38% Prospectus Net Expense Ratio 0.20% Maximum Sales Charge --- The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio. Waiver Data Type Date % ExpenseRatio Contractual 2024-10-31 0.18

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 98.5 Non-U.S. Stocks 0.6 Bonds 0.0 Cash 0.9 Other 0.0 Data through 2024-03-31 Morningstar Equity Sectors % of Stocks Cyclical 27.69 Basic Materials 2.16 Consumer Cyclical 10.53 Financial Services 12.72 Real Estate 2.28 Sensitive 51.95 Communication Services 8.98 Energy 3.96 Industrials 8.34 Technology 30.67 Defensive 20.36 Consumer Defensive 5.76 Healthcare 12.39 Utilities 2.21 Data through 2024-03-31 Holding Status Total Number of Stock Holdings 503 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 31.87 Turnover % (as of 2023-06-30) 15.00 30 Day SEC Yield % 1.03 Top Holdings Sector P/E % of Net Assets Microsoft Corp 33.74 7.03 Apple Inc 26.49 5.60 NVIDIA Corp 72.42 5.02 Amazon.com Inc 49.02 3.71 Meta Platforms Inc Class A 24.75 2.40 Alphabet Inc Class A 24.97 2.00 Berkshire Hathaway Inc Class B 8.96 1.72 Alphabet Inc Class C 25.25 1.69 Eli Lilly and Co 117.11 1.39 Broadcom Inc 48.32 1.31 Data through 2024-03-31

Principal Risks    Loss of Money, Not FDIC Insured, Index Correlation/Tracking Error, Market/Market Volatility, Equity Securities, Industry and Sector Investing, Derivatives, Suitability, Shareholder Activity, Passive Management, Mid-Cap, Large Cap, Technology Sector Show Risk Definitions

Other Information Inception Date: 1991-07-02 Portfolio Manager(s) Michael Loeffler   (2004-01-01) Michael Loeffler, Vice President of JPMIA and a CFA charterholder. Mr. Loeffler has been employed by JPMIA since 1999 when he joined as an investment operations analyst. Nicholas W. D'Eramo   (2014-11-01) Nicholas D’Eramo is the portfolio manager responsible for the day-to-day management of the Fund, a position he has held since July 2006. D’Eramo has been employed by JPMIM or one of its affiliates since 2000. Oliver Furby   (2019-11-01) Oliver Furby, executive director, is a portfolio manager on J.P. Morgan Asset Management's Core Beta Solutions team based in Columbus. Oliver serves as a portfolio manager on the team's enhanced index strategies, as well as various market cap weighted index strategies across the globe. In addition, Oliver is a member of the J.P. Morgan Asset Management's Multi-Asset Solutions team managing the JPMorgan Investor funds. His responsibilities include index and corporate action analysis, quantitative research for equity and asset allocation products, and portfolio risk management. Prior to joining the group in 2014, he was a Data Analysis Manager for the firm. Prior to joining JPMorgan he was a Quantitative Portfolio Manager and Risk Manager at State Teachers Retirement System of Ohio. Oliver earned a B.A. in Mathematics and Economics from Ohio Wesleyan University and a M.A. in Economics from The Ohio State University. He is member of the Chicago Quantitative Alliance. Alex Hamilton   (2019-11-01) Mr. Hamilton has been a portfolio manager for JPMIM since April 2017. Prior to joining JPMIM, he was an assistant portfolio manager at the Ohio Public Employees Retirement System from 2013 until 2017. Before that time, he worked at Huntington National Bank in the corporate treasury and mortgage capital markets departments. Mr. Hamilton is a CFA charterholder. Investment Advisor(s) J.P. Morgan Investment Management, Inc. Issuer JPMorgan

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