Use the Guide
Browse the Guide
Portfolio Discussions
Dr. Kelly's Review
Use the Guide
Guide to Retirement
Client Presentation
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Featured Topics
Fixed Income
Income Opportunities
U.S. Equities
Global Growth
Looking for other topics? Visit the Library
Choose a Shortcut

Market-Based NAVs

Market-Based NAVs are being provided for informational purposes only. The Funds' objective to maintain $1.00 stable NAVs remain unchanged.

All information as of 11/24/2015
Money Market Type JPMorgan Fund Market-Based Nav Fund Level1 Transaction Nav(Amortized Cost)2 Fund Net Assets3
Commercial PaperLiquid Assets Money Market Fund1.00001.00$17,472,824,415.63
Commercial PaperPrime Money Market Fund1.00001.00$118,006,174,543.05
Tax-FreeCalifornia Municipal Money Market Fund1.00021.00$1,532,602,447.36
Tax-FreeMunicipal Money Market Fund1.00011.00$3,012,719,761.20
Tax-FreeNew York Municipal Money Market Fund1.00001.00$1,035,005,577.80
Tax-FreeTax Free Money Market Fund1.00021.00$18,887,944,514.51
U.S. Government100% U.S. Treasury Securities Money Market Fund0.99991.00$25,245,939,663.00
U.S. GovernmentFederal Money Market Fund0.99981.00$4,423,238,082.85
U.S. GovernmentU.S. Government Money Market Fund1.00001.00$57,046,061,920.77
U.S. GovernmentU.S. Treasury Plus Money Market Fund0.99991.00$16,387,499,429.15

1 This amount is the market-based net asset value per share ("NAV") of the Fund calculated using current market quotations (or an appropriate substitute that reflects current market conditions) to value its to four decimal places ("Market-Based NAV"). The Funds do not currently transact using their Market-Based NAV.

2 Pursuant to Rule 2a-7, the Funds use the amortized cost method of accounting, rounded to two decimals, to value their securities when calculating their net asset value for purpose of all fund share transactions at the class level (the "Transaction NAV"). Amortized cost is the book price of a security (the price a fund pays for a security) as adjusted over time to reflect any discount or premium. The Market-Based NAV can deviate from $1.0000, even financial market are largely stable. If a fund's Market-Based NAV rises above $1.0050 or fails below $0.9950, the Fund's board must promptly consider what action, if any, should be taken. Although the Market-Based NAV seeks to reflect the price at which a fund's securities could be sold, the actual sales price could be more or less.

3 Fund Net Assets are calculated using the amortized cost method of accounting.

Contact Global Liquidity help desk at 1-800-766-7722 for a fund prospectus or to request historical market-based NAVs.