Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print JPMorgan Large Cap Growth A  OLGAX 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 1109 Large Growth Funds Morningstar® Style Box™ What is this? As of 2024-03-31 Total Fund Assets ($ Mil) 83,043.07 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks long-term capital appreciation. Under normal circumstances, at least 80% of the fund's assets will be invested in the equity securities of large, well-established companies. "Assets" means net assets, plus the amount of borrowings for investment purposes. Large, well-established companies are companies with market capitalizations equal to those within the universe of the Russell 1000® Growth Index at the time of purchase.

Morningstar Category: Large Growth Large-growth portfolios invest primarily in big U.S. companies that are projected to grow faster than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). Most of these portfolios focus on companies in rapidly expanding industries.

Performance Growth of $10,000 (from 2014-01-01 to 2024-04-30) Investment: JPMorgan Large Cap Growth A Benchmark 1: S&P 500 TR USD Benchmark 2: Russell 1000 Growth TR USD Category: Large Growth 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 10.41 35.65 7.07 17.82 16.62 10.49 S&P 500 TR USD 6.04 22.66 8.06 13.19 12.41 10.23 Russell 1000 Growth TR USD 6.69 31.80 8.48 16.46 15.48 10.41 Category 6.51 29.19 4.04 12.82 12.85 9.06 Morningstar Rating --- --- --- # of compared Large Growth funds covered (3 yrs : out of 1109 funds) (5 yrs : out of 1036 funds) (10 yrs : out of 810 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 1.02% Prospectus Net Expense Ratio 0.94% Maximum Sales Charge 5.25% 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 0.08

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 93.9 Non-U.S. Stocks 2.3 Bonds 0.0 Cash 3.7 Other 0.0 Data through 2024-03-31 Morningstar Equity Sectors % of Stocks Cyclical 20.37 Basic Materials 0.22 Consumer Cyclical 16.30 Financial Services 3.85 Real Estate 0.00 Sensitive 67.88 Communication Services 14.17 Energy 0.69 Industrials 6.00 Technology 47.02 Defensive 11.73 Consumer Defensive 1.25 Healthcare 10.48 Utilities 0.00 Data through 2024-03-31 Holding Status Total Number of Stock Holdings 65 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 52.91 Turnover % (as of 2023-06-30) 42.00 30 Day SEC Yield % 0.04 Top Holdings Sector P/E % of Net Assets Microsoft Corp 33.74 10.70 NVIDIA Corp 72.42 7.67 Amazon.com Inc 49.02 6.92 Meta Platforms Inc Class A 24.75 5.94 Eli Lilly and Co 117.11 5.20 JPMorgan Prime Money Market Inst --- --- 3.70 Apple Inc 26.49 3.61 Alphabet Inc Class C 25.25 3.57 Broadcom Inc 48.32 2.82 Netflix Inc 38.16 2.78 Data through 2024-03-31

Principal Risks    Loss of Money, Not FDIC Insured, Growth Investing, Market/Market Volatility, Equity Securities, Industry and Sector Investing, Derivatives, Suitability, Shareholder Activity, Management, Portfolio Diversification, Large Cap, Technology Sector Show Risk Definitions

Other Information Inception Date: 1994-02-22 Portfolio Manager(s) Joseph Wilson   (2020-11-01) Joseph Wilson, executive director, is a research analyst and portfolio manager within the U.S. Equity group. An employee since 2014, Joe is responsible for the technology sector for JPMorgan’s large cap growth portfolios.He is also a co-portfolio manager on the J.P. Morgan U.S. Technology Strategy. Prior to joining the firm, Joe spent six years as a buy side analyst for UBS Global Asset Management, wherehe covered the technology sector for the Large Cap Growth team from 2010 to 2014, and the Mid Cap Growth team in 2009. Prior to that, Joe worked at RBC Capital Markets as a sell side research associate covering enterprise, infrastructure, and security software. Joe holds a B.A. in Finance from the University of St. Thomas and an M.B.A. from the University of St. Thomas Opus College of Business. Holly Fleiss   (2020-11-01) Ms. Fleiss is a Managing Director at JPMIM and a co-portfolio manager in the JPMorgan U.S. Equity Group. She has been with the firm since 2012. Larry H. Lee   (2020-11-01) Larry H. Lee, managing director, is a research analyst and portfolio manager within the U.S. Equity Group. Mr. Lee joined JPMorgan in 2006 and covers the financials and business services sector; he is also a co-portfolio manager of the JPMorgan Large Cap Growth Strategy. He holds a B.A. in Economics from Stanford University and an M.B.A. from University of Chicago. Robert Maloney   (2022-11-01) Robert Maloney, executive director, is a research analyst within the U.S. Equity Group. An employee since 2013, Robert is responsible for the industrials and energy sectors for the J.P. Morgan Large Cap Growth Strategy. Prior to joining the firm, Robert spent ten years as a sell side analyst at Morgan Stanley and Credit Suisse. At Morgan Stanley Robert served as the lead associate on their Large Cap Industrials team and later as the senior analyst covering Small/Mid Cap Industrials. Robert also worked as the industrials trading desk analyst at Morgan Stanley and Credit Suisse covering a broad-range of industrial verticals. Prior to that Robert worked as a consultant to the US Department of Defense and the United Nations. Robert holds a B.A. in International Politics from the Georgetown University School of Foreign Service. He is a member of the CFA Institute and a CFA charterholder. Giri K Devulapally   (2004-08-02) Mr. Devulapally is a Managing Director at J.P. MORGAN INVESTMENT MANAGEMENT INC and a portfolio manager in the JPMorgan U.S. Equity Group. He has been with the firm since 2003. Prior to joining the firm, he worked for T. Rowe Price for six years, where he was an analyst specializing in technology and telecommunications. Giri received a B.S. in electrical engineering from the University of Illinois and an M.B.A. with a concentration in finance from the University of Chicago. He is a CFA charterholder. Investment Advisor(s) J.P. Morgan Investment Management, Inc. Issuer JPMorgan

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