Mutual Fund Summary Prospectus (497k)
28 June 2013 - 5:25AM
Edgar (US Regulatory)
|
|
|
Summary Prospectus July 1, 2013
|
|
|
JPMorgan U.S. Treasury Plus Money Market Fund Eagle Class
Ticker: JRTXX
Before you invest, you may want to review the Funds Prospectus, which contains more information about the Fund and its risks. You can find the Funds Prospectus and other information about the
Fund, including the Statement of Additional Information, online at http://www.eagleasset.com/prospectus.htm. You can also get this information at no cost by calling 1-800-421-4184 or by sending an e-mail request to EagleFundServices@eagleasset.com
or by asking any financial intermediary that offers shares of the Fund. The Funds Prospectus and Statement of Additional Information, both dated July 1, 2013, are incorporated by reference into this Summary Prospectus.
The Funds Objective
The Fund seeks high current income with liquidity and stability of principal.
Fees and Expenses of the Fund
The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
|
|
|
|
|
ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value
of your investment)
|
|
Management Fees
|
|
|
0.08
|
%
|
Distribution (Rule 12b-1) Fees
|
|
|
0.25
|
|
Other Expenses
1
|
|
|
0.38
|
|
Shareholder Service Fees
|
|
|
0.30
|
|
Remainder of Other Expenses
|
|
|
0.08
|
|
|
|
|
|
|
Total Annual Fund Operating Expenses
|
|
|
0.71
|
|
Fee Waivers and Expense Reimbursements
2
|
|
|
(0.01
|
)
|
|
|
|
|
|
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements
2
|
|
|
0.70
|
|
1
|
Other Expenses are based on estimated amounts for the current fiscal year.
|
2
|
The Funds adviser, administrator and distributor (the Service Providers) have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual
Fund Operating Expenses of Eagle Class Shares (excluding acquired fund fees and expenses, dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related
to the Board of Trustees deferred compensation plan) exceed 0.70% of their average daily net assets. This contract cannot be terminated prior to 7/1/14, at which time the Service Providers will determine whether or not to renew or revise it.
|
Example
This
Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your
investment has a 5% return each year and that the Funds operating expenses are equal to the total annual fund operating expenses after fee waivers and expense reimbursements shown in the fee table through 6/30/14 and total annual fund
operating expenses thereafter. Your actual costs may be higher or lower.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WHETHER OR NOT YOU SELL YOUR SHARES, YOUR
COST WOULD BE:
|
|
|
|
1 Year
|
|
|
3 Years
|
|
|
5 Years
|
|
|
10 Years
|
|
EAGLE CLASS SHARES ($)
|
|
|
72
|
|
|
|
226
|
|
|
|
394
|
|
|
|
882
|
|
The Funds Main Investment Strategy
Under normal conditions, the Fund invests its assets exclusively in:
|
|
obligations of the U.S. Treasury, including Treasury bills, bonds and notes and other obligations issued or guaranteed by the U.S. Treasury, and
|
|
|
repurchase agreements fully collateralized by U.S. Treasury securities.
|
The debt securities described above carry different interest rates, maturities and issue dates.
The
Fund is a money market fund managed in the following manner:
|
|
The Fund seeks to maintain a net asset value of $1.00 per share.
|
|
|
The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less.
|
|
|
The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity
shortening provisions under applicable regulation.
|
|
|
The Fund invests only in U.S. dollar-denominated securities.
|
|
|
The Fund will only buy securities that present minimal credit risk.
|
The Funds adviser seeks to develop an appropriate portfolio by considering the differences in yields among securities of different maturities and issue dates.
The Funds Main Investment Risks
The
Fund is subject to management risk and the Fund may not achieve its objective if the advisers expectations regarding particular securities or interest rates are not met.
1
An investment in this Fund or any other fund may not provide a complete investment program. The suitability
of an investment in the Fund should be considered based on the investment objective, strategies and risks described in this prospectus, considered in light of all of the other investments in your portfolio, as well as your risk tolerance, financial
goals and time horizons. You may want to consult with a financial advisor to determine if this Fund is suitable for you.
Interest Rate
Risk
. Changes in short-term interest rates will cause changes to the Funds yield. In addition, a low-interest rate environment may prevent the Fund from providing a positive yield or maintaining a stable net asset value of $1.00 per share.
Credit Risk.
The Funds investments are subject to the risk that the issuer or the counterparty will fail to make payments when due
or default completely. If an issuers financial condition worsens, the credit quality of the issuer may deteriorate making it difficult for the Fund to sell such investments.
General Market Risk.
Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region
will adversely impact markets or issuers in other countries or regions.
Government Securities Risk.
The Fund invests in securities issued
or guaranteed by the U.S. government or its agencies. U.S. government securities are subject to market risk, interest rate risk and credit risk. Securities, such as those issued or guaranteed by the U.S. Treasury, that are backed by the full faith
and credit of the United States are guaranteed only as to the timely payment of interest and principal when held to maturity and the market prices for such securities will fluctuate. Notwithstanding that these securities are backed by the full faith
and credit of the United States, circumstances could arise that would prevent the payment of interest or principal. This would result in losses to the Fund. U.S. government securities include zero coupon securities, which tend to be subject to
greater market risk than interest-paying securities of similar maturities.
Redemption Risk.
The Fund could experience a loss when selling
securities to meet redemption requests by shareholders. The risk of loss increases if the redemption requests are unusually large or frequent, occur in times of overall market turmoil or declining prices for the securities sold, or when the
securities the Fund wishes to or is required to sell are illiquid.
Net Asset Value Risk.
There is no assurance that the Fund will meet its
investment objective of maintaining a net asset value of $1.00 per share on a continuous basis. Furthermore, there can be no assurance that the Funds affiliates will purchase
distressed assets from the Fund, make capital infusions, enter into capital support agreements or take other actions to ensure that the Fund maintains a net asset value of $1.00 per share. In the
event any money market fund fails to maintain a stable net asset value, other money market funds, including the Fund, could face a universal risk of increased redemption pressures, potentially jeopardizing the stability of their net asset values. In
general, certain other money market funds have in the past failed to maintain stable net asset values and there can be no assurance that such failures and resulting redemption pressures will not occur in the future.
Repurchase Agreement Risk.
There is a risk that the counterparty to a repurchase agreement will default or otherwise become unable to honor a
financial obligation and the value of your investment could decline as a result.
Risk Associated with the Fund Holding Cash.
Although the
Fund seeks to be fully invested, it may at times hold some of its assets in cash, which may hurt the Funds performance.
Risk of
Regulation of Money Market Funds.
Money market funds are subject to diversity, liquidity, credit quality, and maturity requirements pursuant to Securities and Exchange Commission (SEC) rules. The SEC and other regulatory
agencies continue to review the regulation of money market funds, and may take additional regulatory action in the future. These changes may affect the Funds ability to implement its investment strategies and may impact the Funds
future operations and/or yields.
Investments in the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank and are
not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
The Funds Past Performance
This section provides some indication of the risks of investing in the Fund. Because the Eagle Class Shares of this Fund have not yet operated for a full calendar year, the bar chart shows how the
performance of the Funds Reserve Shares has varied from year to year over the past ten calendar years. The table shows the average annual total returns for the past one year, five years and ten years. The performance of Eagle Class Shares is
based on the performance of Reserve Shares. The actual returns of Eagle Class Shares would have been similar to those shown because Eagle Class Shares have similar expenses to Reserve Shares.
To obtain current yield information call 1-800-421-4184 or visit eagleasset.com. Past performance is not necessarily an indication of how the Fund will perform in the future.
2
|
|
|
|
|
|
|
Best Quarter
|
|
4Q 2006
|
|
|
1.17%
|
|
Worst Quarter
|
|
1Q, 2Q, 3Q, and 4Q 2009
|
|
|
0.00%
|
|
|
|
1Q, 2Q, 3Q, and 4Q 2010
|
|
|
|
|
|
|
1Q, 2Q, 3Q, and 4Q 2011
|
|
|
|
|
|
|
1Q, 2Q, 3Q, and 4Q 2012
|
|
|
|
|
The Funds year-to-date total return as of 3/31/13 was 0.00%.
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE ANNUAL TOTAL RETURNS
(For periods ended December 31, 2012)
|
|
|
|
|
|
|
Past
1 Year
|
|
|
Past
5 Years
|
|
|
Past
10 Years
|
|
RESERVE SHARES
|
|
|
0.00
|
%
|
|
|
0.22
|
%
|
|
|
1.30
|
%
|
Management
J.P. Morgan Investment Management Inc.
Purchase and Sale of Fund Shares
This prospectus is to be used only by clients of Eagle Asset Management, Inc. and its affiliates.
Purchase minimums
|
|
|
|
|
For Eagle Class Shares
|
|
|
|
|
To establish a regular account
|
|
|
$1,000
|
|
To establish an individual retirement account
|
|
|
$500
|
|
To add to an account
|
|
|
No minimum
|
|
To establish a periodic investment program
|
|
|
$50
|
|
Subsequent investments under a periodic investment program
|
|
|
$50
|
|
You may purchase or redeem shares on any business day that the Fund is open
|
|
Through your Financial Intermediary
|
|
|
By writing to Eagle Family of Funds c/o U.S. Bancorp Fund Services, LLC, P.O. Box 701, Milwaukee, WI 53201-0701 (for regular mail) or 615 East Michigan
Street, Third Floor, Milwaukee, WI 53202 (for overnight service)
|
|
|
After you open an account, by calling Eagle Family of Funds at 1-800-421-4184
|
Tax Information
The Fund intends to make distributions that may be taxed as ordinary income or
capital gains, except when your investment is in an IRA, 401(k) plan or other tax-advantaged investment plan, in which case you may be subject to federal income tax upon withdrawal from the tax-advantaged investment plan.
Payments to Broker-Dealers and Other Financial Intermediaries
If you purchase shares of the Fund through a broker-dealer or other financial intermediary, including Eagle, such as a bank, the Fund and its related companies may pay the financial intermediary for the sale
of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or financial intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your
financial intermediarys website for more information.
3
This Page Intentionally
Left Blank.
SPRO-USTPMM-E-713
Home Bancorp (NASDAQ:HBCP)
Historical Stock Chart
From Sep 2024 to Oct 2024
Home Bancorp (NASDAQ:HBCP)
Historical Stock Chart
From Oct 2023 to Oct 2024