JPMorgan Opportunistic Equity Long/Short Fund Class A 

Under typical conditions, this fund allocates a minimum of 80% of its total investment capital to equity securities, employing both long and short positions. The selection of these equities targets companies with market capitalizations similar to those found within the Russell 1000 and/or S&P 500 Indices at the time of their acquisition. For clarification, "assets" refers to the combined value of the fund's net assets and any borrowed money used for investment purposes. The core of its strategy involves either purchasing (going long) or selling short common stocks, which may include real estate investment trusts (REITs) and various depositary receipts. The fund's total gross exposure to the equity market is capped at 200%, and it operates as a non-diversified investment vehicle.