J.P. Morgan Asset Management Launches New Share Class That Allows Retirement Plan Sponsors to Report Fund and Plan-Level Fees Separately

Dec 06, 2010, 09:00 ET from J.P. Morgan Asset Management

NEW YORK, Dec. 6, 2010 /PRNewswire/ -- To expand our offering to meet the needs of clients, J.P. Morgan Asset Management today announced that new Class R6 Shares will be available on a total of 18 funds.  The Class R6 Shares, which for certain funds were previously designated as Ultra Shares, are designed for employer sponsored retirement plans that wish to separately report their mutual fund expenses such as investment management fees from their plan-level recordkeeping and other administrative and marketing fees.  

The Class R6 Shares will have an investment advisory fee and other traditional fund expenses, but will not have Rule 12b-1 or shareholder servicing fees.  "Because the new Class R6 Shares will allow for individual reporting of fund level and plan-level service fees, plan sponsors will have the ability to simplify participant communication through separate disclosure of the applicable fees," said David Musto, Head of J.P. Morgan's Defined Contribution Investment Solutions business.

Those eligible for the Class R6 Shares will include defined contribution and defined benefit retirement plans, Section 529 college savings plans, and certain direct investors and discretionary investment management accounts within J.P. Morgan Investment Management and its affiliates, if such investors meet applicable minimum and eligibility requirements.  The Class R6 Shares include 18 funds across the spectrum of J.P. Morgan investment capabilities.

J.P. Morgan Asset Management has approximately $51 billion in defined contribution assets under management as of September 30, 2010.

About J.P. Morgan Asset Management J.P. Morgan Asset Management, with assets under supervision of approximately $1.8 trillion and assets under management of $1.3 trillion (as of 9/30/2010), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high-net worth individuals in every major market throughout the world.  J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.  JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global asset management firm with assets of approximately $2.1 trillion and operations in more than 60 countries.  Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Contact JPMorgan Funds Distribution Services at 1-800-338-4345 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.

JPMorgan 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. Products and services are offered by JPMorgan Distribution Services, Inc.

J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co., and its affiliates worldwide. 

SOURCE J.P. Morgan Asset Management



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