JPMorgan International Focus Fund

This fund primarily allocates its investments to the stock of companies located internationally, encompassing those in developing markets. It maintains substantial investment latitude, being unconstrained by specific company size, investment strategy, or industry, and has the ability to invest in businesses across any foreign nation. Although its investment scope is broad, the portfolio manager's present intention is to concentrate on medium to large-sized companies, aiming for diversification across a range of sectors and international geographies. Under typical market conditions, a minimum of 80% of the fund's total assets will be invested in equities.