EFTA01512464.pdf

J.PMorgan FINANCIAL TRUST COMPANY, INC. ACCT. For die Petiod 12/IMS to 12/31/OR JPMorgan Fundi The JFIaapan neetutional Funds or Tim Anitsn'can Century Funds Share: d Ine funds tee not bonk deponts en! am not otteraMeedbyany bonk ocennrrontectoy or Me FDIC Return and More pocoweg nieten end redempben volueney be mee ce ins !han enonalcost lifeb!he money ~kenende soek to ~afat° a Rede net su« vanen fl 00 per enne Meren no asatraneeMet Men ver conga"»he Oor° tneestenoledsonnuatexcme and dralend mekI AnneIa ~luie lont neptesenene funds' maff ~alt 'neon, dienendonnuneed Th* deatefulor of (he !Patat-pen Funds a JPIecroan DtstnbuLon Serene. Inc wItch a tin anitekt el ieleront Chose Bonk NA !PMosten Chose Bank NA and as athenea recene compensatton tont !Patroon Fonds lor provelng set" Mensen Centuny IncsetneraSseoso. 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AMEntanC•ntuaFunds Cv funds eclanshed sconscntd «Weed. ce aanga%by thrd pain and be Morgan Compleets ma), b•conemanstod sten sornoas ExplametIon Or JPMSIReling,: -OPM.:n(0 uni m1kabonng rateg sysiton Ovetwogitt Over moord soc to erure ^»otas, 44«not 04 :020‘ 000~Omler asehbeRldadrehan of the Mok* tn te eenste tote negers itranro covoroge uncerse Neutron 0~ We nats« twee manOR km nitet sus stock wepsettrm in Lite wen me antage tokt/ ~re or th* stocks on te annyate <or no onalystb toambIemeno• ~nom undenvelont Over Ne nest se b Merro ~Aha we espen das stock vnl undereedam the antage Molreetrnd the stocks n the anion («Ine anetyers toemat ~rage "Cf30 independent Research Rebny: JPOASt does notendrie o otnencseedopt the IndoperdentReserva•Pranderraseercnander rangs Deterent frms toe a eonetyot~ros bons as wee as daten:Tennis systems b decentethor meermin-batons JPMSI usco 'roltva'refings 'Mem** deUritedabove eRPa may us.* dabentratifiga saam ~h Ss as an »WAS' annos«slem end anten arms as boy'. Modi a eer &nee 'reMbreend tabsolute'reóngs 'Mams Welundamenlagyddrewea you ah uld aal ormery tho ClOhrOOM Cre at ramp wan »n JPMSI and IRPromarchmaa irekdOd in tiro ~ce teod Fa Mq rossen and sent» th. etenen coteams tno bast; la Ine mango as ron as compote tremmeton concornong te annyste vena. you shoun reed ~te/ tno rezen and not info e: contents kom the releveer* .0 P Morgan Raakt Bank ss Me memeeng name b the preste ~Met bunnen conducted by .1P Morgen Chose S Co Woont rts subsdenos ØwØ. mondt% JPItcroon Chase Bank NA and JP Morgen Stennes Inc rageAcco 13 of 13 Page 14 of 20 Confidential Treatment Requested by JPMorgan JPM-SDNY-00038311 Chase CONFIDENTIAL SDNY_GM_00307509 EFTA01512464