J.P. Morgan Asset Management To Increase Disclosure Of Market-Based Net Asset Values (NAVs) For Three U.S. Money Market Funds

Wed Jan 9, 2013 12:39pm EST

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--Funds' objective to maintain $1.00 stable NAV remains unchanged--
NEW YORK,  Jan. 9, 2013  /PRNewswire/ -- J.P. Morgan Asset Management today
announced that three of its U.S. money market funds will begin to disclose their
market-based NAVs per share (also known as Shadow NAVs) on a daily basis. This
additional disclosure will provide investors with greater transparency regarding
the Market-Based NAV's fluctuation, but will not change the funds' existing
objective to maintain  $1.00  stable NAV.   

Beginning on  January 14, 2013, the JPMorgan Prime Money Market Fund, JPMorgan
Liquid Assets Money Market Fund and the JPMorgan Current Yield Money Market Fund
will calculate their Market-Based NAVs per share to four decimals at the Funds'
close of each trading day and disclose it the following business day on its
website. J.P. Morgan plans to add Market-Based NAVs disclosure for its other
money market funds in the near future.

"Daily disclosure of market-based NAVs will help investors better understand how
day to day market movements or events can affect the value of the funds'
portfolios," said  Robert Deutsch, head of Global Liquidity at J.P. Morgan Asset
Management. "Increased NAV transparency will allow investors to better
understand the nature of money market fund risks and to make more informed
decisions regarding their investments while they continue to enjoy the benefits
that money market funds offer."

Money market funds' Market-Based NAVs per share have historically been
calculated at least weekly, and since  December 2010, have been disclosed
monthly to the SEC within Form N-MFP and made public with a 60-day lag.  

About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of  $1.4 trillion 
(as of 9/30/2012), 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. J.P. Morgan Global Liquidity
offers clients money market and liquidity products over a diverse array of
currencies, strategies and jurisdictions with a total of  $481 billion  in
assets under management (as of 9/30/2012).  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 Distribution Services at 1-800-480-4111 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.

An investment in a money market fund is not insured or guaranteed by the FDIC or
any other government agency. Although money market funds strive to preserve the
value of the investment at  $1.00  per share, it is possible to lose money by
investing in a money market fund.

J.P. Morgan Asset Management is the marketing name for the asset management
businesses of JPMorgan Chase & Co. Those businesses include, but are not limited
to, J.P. Morgan Investment Management Inc., Security Capital Research &
Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.

JPMorgan Funds are distributed by JPMorgan Distribution Services, Inc. (JPMDS)
and offered by J.P. Morgan Institutional Investments, Inc. (JPMII); both
affiliates of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive
fees for providing various services to the funds.  JPMDS and JPMII are both
members of FINRA/SIPC.

NOT FDIC INSURED  |  NO BANK GUARANTEE  |  MAY LOSE VALUE 

SOURCE  J.P. Morgan Asset Management


Charlotte Powell, +1-212-622-4332, charlotte.f.powell@jpmorgan.com
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