JPMorgan Mid Cap Growth Fund 

Under typical market conditions, this fund commits a minimum of 80% of its total holdings to equity securities of mid-sized companies. These investments may include common shares, as well as debt and preferred instruments that can be converted into common stock. For the purpose of this policy, 'assets' is defined as the fund's net assets plus any capital borrowed for investment. The fund's primary investment strategy targets common stocks of mid-capitalization firms that the adviser believes possess the capacity for enduring growth.