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JPMorgan Funds statistics report: Large Cap Growth Fund Data as of June 30, 2021

jpmorganfunds.com Table of contents

PERFORMANCE ATTRIBUTION Performance at NAV 3 Performance attribution - One month 12 Calendar year returns 3 Performance attribution - Quarter 12 EXPENSES Performance attribution - YTD 13 Annual expenses 4 Performance attribution - One year 13 CHARACTERISTICS Performance attribution - Three year 14 Fund statistics 5 Stock attribution - One month 15 Percentage of portfolio 5 Stock attribution - Quarter 15 Barra factors 5 Stock attribution - YTD 16 RISK Stock attribution - One year 16 Risk measures 6 Stock attribution - Three year 17 RATINGS AND RANKINGS COUNTRY EXPOSURE Lipper rankings 7 Asset allocation 18 Morningstar ratings 7 Regional allocation 18 HOLDINGS DISCLOSURE Top ten holdings (%) 8 Disclosures 19 Ten largest overweights 9 Ten largest underweights 9 Top buys and sells 10 SECTORS Sector exposure (excluding cash) 11

2 STATISTICS REPORT: LARGE CAP GROWTH FUND Performance Data as of June 30, 2021 AVERAGE ANNUAL TOTAL RETURNS (as of 6/30/2021) 1 month 3 months YTD 1 yr 3 yrs 5 yrs 10 yrs Share class - inception date | share class # (%) (%) (%) (%) (%) (%) (%) A Shares - 2/22/1994 | 3148 3.95 8.63 8.92 41.00 27.75 27.84 18.30 with max 5.25% sales charge -1.50 2.92 3.20 33.60 25.48 26.47 17.67 C Shares - 11/4/1997 | 3575 3.91 8.50 8.65 40.32 27.12 27.20 17.83 with max 1.00% CDSC 2.91 7.50 7.65 39.32 27.12 27.20 17.83 I Shares - 2/28/1992 | 3118 3.98 8.70 9.06 41.37 28.07 28.13 18.54 R2 Shares - 11/3/2008 | 3982 3.93 8.55 8.78 40.65 27.44 27.51 18.01 R3 Shares - 9/9/2016 | 23501 3.96 8.64 8.93 41.01 27.76 27.81 18.28 R4 Shares - 9/9/2016 | 23511 3.99 8.70 9.06 41.37 28.08 28.12 18.54 R5 Shares - 4/14/2009 | 4010 3.99 8.73 9.14 41.57 28.27 28.33 18.75 R6 Shares - 11/30/2010 | 2148 4.00 8.76 9.19 41.70 28.39 28.46 18.85 Russell 1000 Growth Index 6.27 11.93 12.99 42.50 25.14 23.66 17.87 The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

Calendar year returns 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 A Shares - 2/22/1994 | 3148 2.72 11.86 32.53 10.64 7.45 -2.16 37.71 0.05 38.73 55.62 C Shares - 11/4/1997 | 3575 2.21 11.31 31.80 10.13 6.92 -2.66 37.01 -0.43 37.99 54.90 I Shares - 2/28/1992 | 3118 2.90 12.11 32.69 10.86 7.61 -2.04 37.99 0.32 39.04 56.04 R2 Shares - 11/3/2008 | 3982 2.46 11.60 32.15 10.42 7.18 -2.43 37.33 -0.19 38.39 55.24 R3 Shares - 9/9/2016 | 2350 2.70 11.88 32.47 10.68 7.39 -2.24 37.63 0.05 38.73 55.62 R4 Shares - 9/9/2016 | 2351 2.90 12.11 32.69 10.86 7.61 -2.04 37.99 0.29 39.08 56.01 R5 Shares - 4/14/2009 | 4010 3.13 12.31 33.00 11.08 7.84 -1.85 38.22 0.47 39.24 56.28 R6 Shares - 11/30/2010 | 2148 3.18 12.37 33.03 11.13 7.94 -1.74 38.37 0.57 39.39 56.42 Russell 1000 Growth Index 2.64 15.26 33.48 13.05 5.67 7.08 30.21 -1.51 36.39 38.49

3 STATISTICS REPORT: LARGE CAP GROWTH FUND Expenses Data as of June 30, 2021

Annual expenses A Shares C Shares I Shares R2 Shares R3 Shares R4 Shares R5 Shares R6 Shares Gross expense (%) 1.04 1.53 0.78 1.28 1.03 0.78 0.63 0.53 Net expense (%) 0.94 1.44 0.69 1.19 0.94 0.69 0.54 0.44

4 STATISTICS REPORT: LARGE CAP GROWTH FUND Characteristics Data as of June 30, 2021

Fund statistics Barra factors Fund Benchmark Fund Benchmark Net Active share (%) 57.98 Momentum 0.31 0.04 0.27 Earnings per share growth - 2 yr 18.01 18.74 Dividend Yield -0.48 -0.35 -0.13 Earnings per share growth - 5 yr 18.49 18.70 Size 0.25 0.41 -0.16 Market cap median ($ billions) $59.18 $18.82 Profit 0.27 0.45 -0.18 Market cap weighted average ($ billions) $539.71 $796.02 Earnings Yield -0.11 -0.15 0.04 Market cap weighted median ($ billions) $110.03 $243.94 Liquidity 0.17 0.06 0.11 Number of holdings 81 495 Value -0.36 -0.48 0.12 Price to book weighted harmonic average 8.76 13.46 Leverage -0.18 -0.18 0.00 Price to cash flow - trailing 12 months 26.67 30.43 Beta 0.61 0.43 0.18 Price to earnings - next 12 months * 24.21 27.41 Residual Volatility 0.01 -0.06 0.07 Price to sales weighted harmonic average 3.12 5.23 Growth 0.49 0.44 0.05 Return on assets - last 12 months 14.73 11.92 Earnings Quality -0.03 0.15 -0.18 Return on equity - hist 1 yr 23.51 28.82 Turnover - quarter 6.06 % Turnover - 1 yr 53.82 % Turnover - 3 yr 44.48 % Turnover - 5 yr 35.03 % *J.P. Morgan estimate

Percentage of portfolio** Fund Stocks 95.93 US 93.17 Non US Securities 2.76 Out of Index 15.63 Derivatives 0.00 ETFs 0.00 Intl/ADR (by country) 0.00 Cash 4.07 **Cash includes money market securities

5 STATISTICS REPORT: LARGE CAP GROWTH FUND Risk Data as of June 30, 2021

Risk measures Fund Excess return - 1 Yr -0.14 Excess return - 3 Yr 3.82 Excess return - 5 Yr 5.43 Excess return - 7 Yr 3.14 Excess return - Since Inception* 2.19 Information ratio - 1 Yr -0.03 Information ratio - 3 Yr 0.69 Information ratio - 5 Yr 1.09 Information ratio - 7 Yr 0.64 Information ratio - Since Inception* 0.46 R2 - 1 Yr 0.93 R2 - 3 Yr 0.94 R2 - 5 Yr 0.93 R2 - 7 Yr 0.92 R2 - Since Inception* 0.92 Sharpe ratio - 1 Yr 1.99 Sharpe ratio - 3 Yr 1.23 Sharpe ratio - 5 Yr 1.46 Sharpe ratio - 7 Yr 1.19 Sharpe ratio - Since Inception* 0.83 Standard deviation - 1 Yr 18.76 Standard deviation - 3 Yr 21.69 Standard deviation - 5 Yr 17.86 Standard deviation - 7 Yr 16.93 Standard deviation - Since Inception* 16.77 Tracking error - 1 Yr 5.03 Tracking error - 3 Yr 5.52 Tracking error - 5 Yr 4.99 Tracking error - 7 Yr 4.90 Tracking error - Since Inception* 4.75 *The since inception values for Excess Returns, Information Ratio, R2, Sharpe Ratio, Standard Deviation and Tracking Error are based on 7/31/2005, which is the date the current portfolio manager began managing the fund.

6 STATISTICS REPORT: LARGE CAP GROWTH FUND Ratings and rankings Data as of June 30, 2021

Lipper rankings Category: Large-Cap Growth Funds A C I R2 R3 R4 R5 R6 1 Year 41(262/643) 46(293/643) 38(243/643) 43(276/643) 41(261/643) 38(242/643) 37(235/643) 36(227/643) 3 Years 4(21/594) 7(36/594) 3(17/594) 5(28/594) 4(20/594) 3(16/594) 2(11/594) 2(8/594) 5 Years 3(14/545) 5(22/545) 2(10/545) 4(18/545) 2(7/545) 1(5/545) 10 Years 10(41/430) 20(85/430) 7(30/430) 15(62/430) 5(21/430) 4(17/430) The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings.

Morningstar ratings Category: Large Growth A C I R2 R3 R4 R5 R6 Overall ★★★★/1138 ★★★★/1138 ★★★★★/1138 ★★★★/1138 ★★★★/1138 ★★★★★/1138 ★★★★★/1138 ★★★★★/1138 3-Year ★★★★/1138 ★★★★/1138 ★★★★★/1138 ★★★★/1138 ★★★★/1138 ★★★★★/1138 ★★★★★/1138 ★★★★★/1138 5-Year ★★★★★/1024 ★★★★★/1024 ★★★★★/1024 ★★★★★/1024 Not yet rated Not yet rated ★★★★★/1024 ★★★★★/1024 10-Year ★★★★/761 ★★★★/761 ★★★★/761 ★★★★/761 Not yet rated Not yet rated ★★★★★/761 ★★★★★/761 The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. Different share classes may have different ratings.

7 STATISTICS REPORT: LARGE CAP GROWTH FUND Holdings Data as of June 30, 2021

Top ten holdings (%) Company Name Portfolio Weight Relative Weight Benchmark Weight Alphabet Inc Cl-C 6.30 0.40 5.90 Apple 6.05 -4.14 10.20 4.90 -4.78 9.68 Facebook 4.76 0.82 3.95 PayPal 3.53 1.90 1.62 .Com 3.33 -3.75 7.08 Deere 3.29 2.82 0.47 Snap 2.60 2.60 0.00 Charles Schwab 2.24 2.24 0.00 Morgan Stanley 2.08 2.08 0.00

8 STATISTICS REPORT: LARGE CAP GROWTH FUND Holdings Data as of June 30, 2021

Ten largest overweights Ten largest underweights Company Name Relative Weight (%) Company Name Relative Weight (%) Deere 2.82 Microsoft -4.78 Snap 2.60 Apple -4.14 Charles Schwab 2.24 Amazon.Com -3.75 Morgan Stanley 2.08 Visa -1.88 PayPal 1.90 Home Depot -1.63 Blackstone 1.73 Adobe -1.33 McKesson 1.63 -1.29 Norfolk Southern 1.62 AbbVie -0.94 Asml Holding N V 1.54 Nike -0.91 Rockwell Automation 1.52 Broadcom -0.90

9 STATISTICS REPORT: LARGE CAP GROWTH FUND Holdings Data as of June 30, 2021

Top buys and sells Ten largest buys Ten largest sells Alphabet Tesla Oracle Discovery Facebook Trane Technologies PLC PayPal Twitter Deere Regeneron Pharmaceuticals Match Lowes Spotify Technology SA Capital One

10 STATISTICS REPORT: LARGE CAP GROWTH FUND Sectors Data as of June 30, 2021

Sector exposure (excluding cash) Portfolio Benchmark Basic Materials 1.55 0.65 Consumer Discretionary 18.03 21.91 Consumer Staples 3.99 2.78 Energy 0.06 0.52 Financials 8.79 2.06 Health Care 9.75 8.76 Industrials 15.98 13.75 Real Estate 1.19 1.99 Technology 40.46 46.67 Telecom 0.20 0.85 Utilities 0.00 0.07 Total 100.00 100.00

11 STATISTICS REPORT: LARGE CAP GROWTH FUND Attribution Data as of June 30, 2021

Performance attribution - One month One month Fund Index Variation Attribution Ending Ending Ending Allocation Selection Total Return Total Return Total Return Total Effect Weight Weight Weight Effect Effect Health Care 9.75 6.63 8.76 5.20 0.99 1.42 0.00 0.13 0.13 Telecom 0.20 32.46 0.85 10.47 -0.65 21.99 -0.03 0.03 0.01 Energy 0.06 28.37 0.52 10.69 -0.47 17.68 -0.01 0.01 0.00 Utilities 0.00 0.00 0.07 6.88 -0.07 -6.88 0.00 0.00 0.00 Real Estate 1.19 4.18 1.99 5.22 -0.80 -1.05 0.01 -0.03 -0.01 Consumer Staples 3.99 -2.16 2.78 -0.63 1.21 -1.54 -0.06 -0.07 -0.12 Consumer Discretionary 18.03 4.26 21.91 5.44 -3.88 -1.18 0.02 -0.22 -0.20 Industrials 15.98 2.09 13.75 3.33 2.23 -1.25 -0.08 -0.21 -0.29 Basic Materials 1.55 -13.13 0.65 -4.86 0.90 -8.27 -0.15 -0.16 -0.31 Financials 8.79 0.72 2.06 3.15 6.73 -2.43 -0.22 -0.21 -0.44 Technology 40.46 6.67 46.67 8.44 -6.22 -1.78 -0.14 -0.69 -0.83 Total 100.00 4.21 100.00 6.27 0.00 -2.06 -0.65 -1.41 -2.06

Performance attribution - Quarter Quarter Fund Index Variation Attribution Ending Ending Ending Allocation Selection Total Return Total Return Total Return Total Effect Weight Weight Weight Effect Effect Financials 8.79 16.18 2.06 11.83 6.73 4.35 -0.01 0.38 0.37 Health Care 9.75 14.02 8.76 10.95 0.99 3.07 -0.01 0.28 0.28 Basic Materials 1.55 12.93 0.65 -0.58 0.90 13.50 -0.16 0.26 0.11 Utilities 0.00 0.00 0.07 8.89 -0.07 -8.89 0.00 0.00 0.00 Energy 0.06 13.24 0.52 9.22 -0.47 4.03 -0.01 -0.01 -0.03 Telecom 0.20 40.97 0.85 21.38 -0.65 19.60 -0.06 0.03 -0.03 Consumer Staples 3.99 -3.72 2.78 1.55 1.21 -5.27 -0.09 -0.25 -0.34 Real Estate 1.19 -5.72 1.99 14.68 -0.80 -20.41 -0.01 -0.35 -0.36 Industrials 15.98 5.58 13.75 9.44 2.23 -3.87 -0.08 -0.62 -0.70 Consumer Discretionary 18.03 1.98 21.91 7.04 -3.88 -5.06 0.01 -1.08 -1.07 Technology 40.46 13.62 46.67 15.76 -6.22 -2.14 -0.26 -0.80 -1.07 Total 100.00 9.11 100.00 11.93 0.00 -2.83 -0.66 -2.17 -2.83

12 STATISTICS REPORT: LARGE CAP GROWTH FUND Attribution Data as of June 30, 2021

Performance attribution - YTD YTD Fund Index Variation Attribution Average Average Average Allocation Selection Total Return Total Return Total Return Total Effect Weight Weight Weight Effect Effect Financials 7.62 22.41 2.03 15.00 5.59 7.41 0.08 0.48 0.55 Industrials 14.14 14.19 12.34 12.04 1.80 2.15 -0.07 0.09 0.01 Utilities 0.00 0.00 0.05 16.61 -0.05 -16.61 0.00 0.00 0.00 Consumer Staples 3.82 4.22 3.43 1.88 0.39 2.34 -0.04 0.03 -0.01 Telecom 0.13 -1.73 0.82 13.60 -0.69 -15.32 -0.01 -0.05 -0.06 Basic Materials 1.34 9.08 0.37 5.15 0.97 3.92 -0.12 0.01 -0.10 Energy 0.44 4.65 0.26 8.74 0.17 -4.09 -0.04 -0.08 -0.11 Health Care 10.59 10.50 13.19 12.24 -2.60 -1.73 -0.01 -0.28 -0.29 Real Estate 1.87 -16.63 1.91 20.41 -0.03 -37.04 0.01 -0.69 -0.68 Consumer Discretionary 21.67 0.38 20.01 5.44 1.66 -5.07 -0.09 -0.94 -1.03 Technology 38.38 14.18 45.59 17.48 -7.21 -3.30 -0.34 -1.23 -1.57 Total 100.00 9.70 100.00 12.99 0.00 -3.29 -0.63 -2.66 -3.29

Performance attribution - One year 1 Year Fund Index Variation Attribution Average Average Average Allocation Selection Total Return Total Return Total Return Total Effect Weight Weight Weight Effect Effect Consumer Discretionary 23.75 53.49 19.98 42.53 3.77 10.95 0.37 3.42 3.78 Industrials 12.45 47.25 12.23 38.96 0.23 8.29 -0.10 0.79 0.69 Financials 6.72 44.39 2.10 30.22 4.62 14.18 -0.52 1.08 0.57 Consumer Staples 3.12 30.44 3.62 19.37 -0.49 11.07 0.05 0.25 0.30 Utilities 0.00 0.00 0.05 32.97 -0.05 -32.97 0.01 0.00 0.01 Real Estate 2.02 12.68 1.98 24.07 0.04 -11.39 -0.03 -0.10 -0.13 Energy 0.45 16.97 0.23 125.59 0.22 -108.63 0.13 -0.32 -0.18 Basic Materials 1.26 24.59 0.37 21.61 0.89 2.98 -0.26 0.01 -0.24 Telecom 0.07 -1.73 0.79 71.24 -0.73 -72.97 -0.21 -0.06 -0.28 Technology 38.37 52.43 45.19 51.27 -6.82 1.17 -0.66 0.37 -0.29 Health Care 11.79 13.66 13.46 28.58 -1.67 -14.91 0.00 -2.41 -2.41 Total 100.00 44.33 100.00 42.51 0.00 1.82 -1.23 3.05 1.82

13 STATISTICS REPORT: LARGE CAP GROWTH FUND Attribution Data as of June 30, 2021

Performance attribution - Three year 3 year Fund Index Variation Attribution Average Average Average Allocation Selection Total Return Total Return Total Return Total Effect Weight Weight Weight Effect Effect Consumer Discretionary 23.74 145.22 18.96 92.27 4.79 52.95 0.44 14.03 14.47 Industrials 16.51 97.25 16.24 65.33 0.28 31.92 0.60 4.79 5.39 Health Care 13.41 75.91 13.50 60.76 -0.09 15.15 -1.13 2.81 1.68 Financials 6.18 105.73 3.05 59.67 3.14 46.06 -1.81 3.24 1.43 Consumer Staples 1.93 40.51 4.18 39.14 -2.26 1.38 0.84 0.05 0.88 Telecom 0.02 77.44 1.51 101.42 -1.49 -23.97 0.89 -0.03 0.87 Real Estate 1.98 90.56 2.34 68.91 -0.35 21.65 0.01 0.74 0.74 Energy 0.16 -3.78 0.39 1.61 -0.24 -5.39 1.03 -0.52 0.52 Utilities 0.00 0.00 0.20 79.55 -0.20 -79.55 0.01 0.00 0.01 Basic Materials 1.09 93.76 0.78 45.92 0.31 47.84 -0.63 0.31 -0.33 Technology 34.98 146.27 38.86 143.56 -3.89 2.71 -1.65 0.92 -0.73 Total 100.00 120.93 100.00 96.01 0.00 24.93 -1.41 26.33 24.93

14 STATISTICS REPORT: LARGE CAP GROWTH FUND Attribution Data as of June 30, 2021

Average Relative Average Relative Contributors - One month End Weight Impact Detractors - One month End Weight Impact Weight Weight Weight Weight UnitedHealth* 0.00 -0.12 0.00 0.11 Freeport-McMoRan 1.67 1.48 1.55 -0.36 PayPal 3.39 1.90 3.53 0.10 Deere 3.27 2.82 3.29 -0.28 Chipotle Mexican Grill 1.38 1.29 1.49 0.08 Norfolk Southern 1.69 1.62 1.62 -0.21 Snap 2.49 2.60 2.60 0.08 Nvidia* 0.90 -1.29 0.98 -0.19 Visa* 0.00 -1.88 0.00 0.07 Fedex 1.53 1.43 1.58 -0.18 AbbVie* 0.00 -0.94 0.00 0.07 Charles Schwab 2.31 2.24 2.24 -0.18 Twitter 0.47 0.49 0.51 0.06 Booking 1.67 1.14 1.57 -0.17 1.00 0.57 1.11 0.06 SVB Financial 1.47 1.40 1.40 -0.16 Match 1.05 0.91 1.12 0.05 HCA Healthcare 1.76 1.45 1.70 -0.16 Carvana 0.83 0.75 0.86 0.05 Apple* 5.84 -4.14 6.05 -0.15 *Indicates stock underweight or not held during part or all of the analysis period. *Indicates stock underweight or not held during part or all of the analysis period.

Average Relative Average Relative Contributors - Quarter End Weight Impact Detractors - Quarter End Weight Impact Weight Weight Weight Weight Snap 2.46 2.60 2.60 0.41 Deere 3.29 2.82 3.29 -0.63 Blackstone 1.91 1.73 2.05 0.34 Discovery 0.65 0.00 0.00 -0.40 PayPal 3.50 1.90 3.53 0.14 Nvidia* 0.81 -1.29 0.98 -0.37 Morgan Stanley 2.00 2.08 2.08 0.13 Zillow Group Inc 1.41 1.06 1.19 -0.30 * 0.00 -0.55 0.00 0.10 Booking 1.72 1.14 1.57 -0.23 0.41 0.14 0.52 0.08 Boston Beer 0.81 0.66 0.70 -0.23 Broadcom* 0.00 -0.90 0.00 0.08 McKesson 1.71 1.63 1.65 -0.23 Procter & Gamble* 0.00 0.00 0.00 0.08 Norfolk Southern 1.73 1.62 1.62 -0.22 1.06 0.60 1.12 0.07 Cognizant 0.81 0.32 0.32 -0.20 AbbVie* 0.00 -0.94 0.00 0.06 1.73 1.49 1.64 -0.19 *Indicates stock underweight or not held during part or all of the analysis period. *Indicates stock underweight or not held during part or all of the analysis period.

15 STATISTICS REPORT: LARGE CAP GROWTH FUND Attribution Data as of June 30, 2021

Average Relative Average Relative Contributors - YTD End Weight Impact Detractors - YTD End Weight Impact Weight Weight Weight Weight Blackstone 1.51 1.50 2.05 0.51 Alphabet Inc Cl-C* 4.14 -1.06 6.30 -0.62 Snap 2.57 2.57 2.60 0.51 Zillow Group Inc 1.59 1.57 1.19 -0.45 Asml Holding N V 1.56 1.56 1.54 0.40 Microsoft* 4.81 -4.71 4.90 -0.41 Apple* 6.59 -4.21 6.05 0.38 1.36 1.25 1.01 -0.39 Charles Schwab 1.86 1.86 2.24 0.30 Discovery 0.34 0.34 0.00 -0.39 Morgan Stanley 1.67 1.67 2.08 0.24 Nvidia* 1.05 -0.77 0.98 -0.39 Amazon.Com* 3.84 -3.37 3.33 0.22 MarketAxess 1.10 1.00 0.51 -0.35 Wayfair 0.88 0.78 0.73 0.20 Technologies 0.72 0.42 0.91 -0.28 Lam Research 1.36 0.92 1.60 0.20 MercadoLibre 1.04 1.04 0.48 -0.26 PayPal 3.76 2.17 3.53 0.19 Cognizant 0.76 0.75 0.32 -0.24 *Indicates stock underweight or not held during part or all of the analysis period. *Indicates stock underweight or not held during part or all of the analysis period.

Average Relative Average Relative Contributors - One Year End Weight Impact Detractors - One Year End Weight Impact Weight Weight Weight Weight Tesla 4.75 2.40 1.97 4.72 Seagen 1.70 1.58 1.01 -1.06 Snap 1.93 1.93 2.60 1.74 Regeneron Pharmaceuticals 1.34 1.05 0.75 -0.88 Asml Holding N V 1.50 1.50 1.54 0.63 Dexcom 1.41 1.21 0.63 -0.87 Charles Schwab 1.28 1.28 2.24 0.58 Alphabet Inc Cl-C* 2.82 -2.00 6.30 -0.87 Advanced Micro Devices 1.97 1.47 1.11 0.58 MarketAxess 1.48 1.37 0.51 -0.75 Blackstone 1.09 1.09 2.05 0.57 Biomarin 0.55 0.47 0.42 -0.73 Amazon.Com* 4.68 -2.97 3.33 0.55 Discovery 0.17 0.17 0.00 -0.51 Visa* 0.00 -2.00 0.00 0.47 Uber Technologies 0.36 0.08 0.91 -0.46 PayPal 3.60 2.11 3.53 0.46 * 0.00 -0.48 0.00 -0.38 Morgan Stanley 1.09 1.09 2.08 0.45 Cognizant 0.44 0.42 0.32 -0.33 *Indicates stock underweight or not held during part or all of the analysis period. *Indicates stock underweight or not held during part or all of the analysis period.

16 STATISTICS REPORT: LARGE CAP GROWTH FUND Attribution Data as of June 30, 2021

Average Relative Average Relative Contributors - Three Year End Weight Impact Detractors - Three Year End Weight Impact Weight Weight Weight Weight MercadoLibre 1.68 1.68 0.48 3.21 Apple* 5.55 -3.11 6.05 -4.27 Snap 0.68 0.68 2.60 2.90 Alphabet Inc Cl-C* 4.12 -1.00 6.30 -1.34 Shopify 0.75 0.75 0.03 2.35 Exact Sciences 0.68 0.60 0.38 -1.14 Dexcom 1.68 1.54 0.63 2.31 0.69 0.13 0.00 -1.10 PayPal 3.09 2.00 3.53 2.06 0.35 0.19 0.00 -1.09 Tesla 2.66 1.61 1.97 14.09 0.18 0.03 0.00 -1.07 Advanced Micro Devices 1.53 1.21 1.11 1.98 Microsoft* 5.40 -2.55 4.90 -1.07 Trade Desk 0.92 0.85 0.05 1.79 Twilio 0.19 0.07 0.13 -1.06 ServiceNow 1.73 1.33 0.00 1.74 Seagen 0.71 0.62 1.01 -1.05 Asml Holding N V 0.79 0.79 1.54 1.50 Booking 0.89 0.33 1.57 -0.97 *Indicates stock underweight or not held during part or all of the analysis period.

17 STATISTICS REPORT: LARGE CAP GROWTH FUND Country exposure Data as of June 30, 2021

Asset allocation Regional allocation Fund (%) Index (%) Fund Benchmark Domestic Equity 93.17 98.09 97.24 98.09 Other 4.07 0.00 Netherlands 1.47 0.08 International Equity 2.76 1.91 Ireland 0.53 0.90 Total 100.00 100.00 0.46 0.00 Sweden 0.26 0.18 Canada 0.03 0.20 Australia 0.00 0.16 Jersey 0.00 0.11 Israel 0.00 0.08 0.00 0.07 Bermuda 0.00 0.04 0.00 0.04 0.00 0.02 Germany 0.00 0.02 China 0.00 0.01

18 STATISTICS REPORT: LARGE CAP GROWTH FUND RISKS ASSOCIATED WITH INVESTING IN THE FUND: The price of equity securities may fluctuate rapidly or unpredictably due to factors affecting individual companies, as well as changes in economic or political conditions. These price movements may result in loss of your investment. RETURNS: 1The quoted performance of the Fund includes performance of a predecessor fund/share class prior to the Fund's commencement of operations. Please refer to the current prospectus for further information. ANNUAL OPERATING EXPENSES: The Fund’s adviser and/or its affiliates have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, dividend and interest expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation and extraordinary expenses) exceed 0.94% for A Shares, 0.54% for R5 Shares, 0.44% for R6 Shares, 1.44% for C Shares, 0.69% for I Shares, 1.19% for R2 Shares, 0.94% for R3 Shares and 0.69% for R4 Shares of the average daily net assets. The Fund may invest in one or more money market funds advised by the adviser or its affiliates (affiliated money market funds). The Fund’s adviser has contractually agreed to waive fees and/or reimburse expenses in an amount sufficient to offset the fees and expenses of the affiliated money market funds incurred by the Fund because of the Fund’s investment in such money market funds. This waiver is in effect through 10/31/2021 for A Shares, 10/31/2021 for R5 Shares, 10/31/2021 for R6 Shares, 10/31/2021 for C Shares, 10/31/2021 for I Shares, 10/31/2021 for R2 Shares, 10/31/2021 for R3 Shares and 10/31/2021 for R4 Shares, at which time the adviser and/or its affiliates will determine whether to renew or revise it. The difference between net and gross fees includes all applicable fee waivers and expense reimbursements. PORTFOLIO STATISTICS: Active Share represents the difference between a fund’s holdings and the benchmark’s holdings. It is calculated by taking the sum of the absolute value of the weighting of the fund’s holdings versus the weighting of the benchmark’s holdings excluding derivatives but including cash and cash equivalents. If a holding of the fund isn’t a holding of the benchmark, the weighting of the benchmark is assumed to be zero. Similarly, if the benchmark includes a holding that isn’t a holding of the fund, the weighting of the fund is assumed to be zero. Currency Sensitivity: This risk index measures the sensitivity of a company’s stock return to the return on a basket of foreign currencies. Earnings Variability: This risk index measures the variability in earnings and cash flows using both historical measures and analyst predictions. Growth: This risk index uses historical growth and profitability measures to predict future earnings growth. Leverage: This risk index measures the financial leverage of a company. Momentum: This risk index captures common variation in returns related to recent stock price behaviour. Stocks that had positive excess returns in the recent past are grouped separately from those that displayed negative excess returns. P/B ratio: the relationship between a stock's price and the book value of that stock. Price to Cash Flow: The ratio of a stock’s price to its cash flow per share. The price-to-cash-flow ratio is an indicator of a stock’s valuation. Although there is no single figure to indicate an optimal price-to-cash-flow ratio, a ratio in the low single digits may indicate the stock is undervalued, while a higher ratio may suggest potential overvaluation. The ratio takes into consideration a stock’s operating cash flow, which adds non-cash earnings such as depreciation and amortization to net income. It is especially useful for valuing stocks that have positive cash flow but are not profitable because of large non-cash charges. P/E ratio: the number by which earnings per share is multiplied to estimate a stock's value. Price to Sales: A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the value placed on each dollar of a company’s sales or revenues. It can be calculated either by dividing the company’s market capitalization by its total sales over a 12-month period, or on a per-share basis by dividing the stock price by sales per share for a 12-month period. Like all ratios, the price-to-sales ratio is most relevant when used to compare companies in the same sector. A low ratio may indicate possible undervaluation, while a ratio that is significantly above the average may suggest overvaluation. This ratio is also known as a “sales multiple” or “revenue multiple”. Turnover ratio: High portfolio turnover will likely result in additional tax consequences. Return on Assets: An indicator of how profitable a company is relative to its total assets. ROA gives an idea as to how efficient management is at using its assets to generate earnings. Calculated by dividing a company's annual earnings by its total assets, ROA is displayed as a percentage. Return on Equity (ROE): Return on Equity is the amount of net income returned as a percentage of shareholders equity. ROE measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested. Size: This risk index captures differences in stock returns due to differences in the market capitalization of companies. HOLDINGS: The top 10 holdings listed exclude cash and money markets. Holdings are subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security. Each individual security is calculated as a percentage of the aggregate market value of the securities held in the Fund and does not include the use of derivative positions, where applicable.

19 STATISTICS REPORT: LARGE CAP GROWTH FUND MORNINGSTAR AND LIPPER: The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10- year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Rankings do not take sales loads into account. The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings. INDEXES DEFINED: Mutual funds have fees that reduce their performance: indexes do not. You cannot invest directly in an index. The Russell 1000 Growth Index is an unmanaged index measuring the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. RISK MEASURES: Information ratio: A risk-adjusted performance measure defined as excess return divided by tracking error. Information ratio is a special version of the Sharpe Ratio where the benchmark does not have to be the risk-free rate. Since this ratio considers the annualized standard deviation of both series (measures of risks inherent in owning either a portfolio or the benchmark),the ratio shows the risk-adjusted excess return of the portfolio over the benchmark. R2: The percentage of a Fund's movements that result from movements in the index ranging from 0 to 100. A Fund with an R2 of 100 means that 100 percent of the Fund's movement can completely be explained by movements in the Fund's external index benchmark. Sharpe Ratio: Sharpe Ratio measures the fund’s excess return compared to a risk-free investment. The higher the Sharpe Ratio, the better the returns relative to the risk taken. Standard Deviation/Volatility: A statistical measure of the degree to which the Fund’s returns have varied from its historical average. The higher the standard deviation, the wider the range of returns from its average and the greater the historical volatility. The standard deviation is calculated over a 36-month period based on Fund’s monthly returns. The standard deviation shown is based on the Fund's Class A Shares or the oldest share class, where Class A Shares are not available. Tracking Error: The active risk of the portfolio, which determines the annualized standard deviation of the excess returns between the portfolio and the benchmark. ATTRIBUTION: The attribution summary approximates the gross excess returns of the portfolio and is calculated based on daily holdings which does not represent actual trading, liquidity constraints, fee schedules and transaction costs. It is shown for illustrative purposes only and is not meant to be representative of actual results.

20 STATISTICS REPORT: LARGE CAP GROWTH FUND NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Contact JPMorgan Distribution Services, Inc. at 1-800-480-4111 for a fund prospectus. You can also visit us at www.jpmorganfunds.com. Investors should carefully consider the investment objectives and risks as well as charges and expenses of the mutual fund before investing. The prospectus contains this and other information about the mutual fund. Read the prospectus carefully before investing. Total return figures (for the fund and any index quoted) assume payment of fees and reinvestment of dividends (after the highest applicable foreign withholding tax) and distributions. Without fee waivers, fund returns would have been lower. Due to rounding, some values may not total 100%. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA. J.P. Morgan Asset Management is the brand name for the asset management of JPMorgan Chase & Co and its affiliates worldwide. If you are a person with a disability and need additional support in viewing the material, please call us at 1-800-343-1113 for assistance. ©JPMorgan Chase & Co., July 2021

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