JPMorgan U.S. Equity Fund

The JPMorgan U.S. Equity Fund generally commits at least 80% of its total assets to equity investments in companies based in the United States. For this purpose, "total assets" encompasses the fund's net assets combined with any funds borrowed for investment. Its core strategy involves concentrating investments in the common shares of American businesses with large or medium market capitalizations. However, it maintains the flexibility to allocate up to 20% of its asset base to the common stock of international corporations, which includes instruments like depositary receipts.