JPMorgan Trust I

08/17/2022 | Press release | Distributed by Public on 08/17/2022 11:13

Summary Prospectus by Investment Company - Form 497K

JPMorgan Trust I

J.P. MORGAN Trust I

JPMorgan Intermediate Tax Free Bond Fund

(the "Fund,")

(All Share Classes)

Supplement dated August 17, 2022

to the Prospectuses and Summary Prospectuses each dated July 1, 2022, as supplemented

The following changes are to be effective as of September 1, 2022 (the "Effective Date"):

Fund Name Change

As of the Effective Date, the Fund's new name will be: JPMorgan National Municipal Income Fund.

Average Weighted Maturity

Also as of the Effective Date, under the section of the Fund's Prospectuses and Summary Prospectuses titled "What are the Fund's main investment strategies?" the first sentence of the eighth paragraph is hereby deleted and replaced with the following:

The average weighted maturity of the Fund's portfolio will be between three and twelve years.

INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE

SUMMARY PROSPECTUSES AND PROSPECTUSES FOR FUTURE REFERENCE

SUP-NMN-822