JPMorgan Trust I - JPMorgan Federal Money Market Fund
JFMXX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 277 Park Avenue New York NY 10172
- CIK
- 0001217286
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan Trust I - JPMorgan Federal Money Market Fund (JFMXX) is a money market mutual fund that seeks current income consistent with preservation of capital and maintenance of liquidity. The Fund invests exclusively in U.S. Treasury bills, notes and bonds, and other U.S. government obligations exempt from state and local income taxes, in compliance with SEC Rule 2a-7 under the Investment Company Act of 1940; it offers share classes including Institutional (JFMXX, CUSIP 4812A2785, $10 million minimum), Morgan (VFVXX, CUSIP 4812A2769, $1,000 minimum), and others, with gross/net expenses of 0.580% and assets under management of $8.45 billion as of September 30, 2025. Designed for temporary or medium-term cash investments, seasonal operating cash, automated cash sweeps, and liquidity components of portfolios, the Fund maintains high liquidity (70.64% daily, 70.93% weekly liquid assets) and holds top ratings such as Moody's Aaa-mf. It operates within the money market fund segment of the asset management industry, targeting institutional and retail investors seeking stability and competitive yields, with a weighted average maturity of 55 days and weighted average life of 80 days as of September 30, 2025. JPMorgan Trust I, the open-end management investment company encompassing JFMXX, was formed as a Delaware statutory trust on November 12, 2004, following the reorganization of predecessor funds from JPMorgan Mutual Fund Series on February 18, 2005; the Fund itself was incepted on April 20, 1994, with the Institutional class launched September 10, 2001. Executive offices are located at 277 Park Avenue, New York, NY 10172, as part of J.P. Morgan Asset Management, the asset management arm of JPMorgan Chase & Co. The Fund adheres to contractual fee waivers through June 30, 2026, reimbursing expenses to cap total annual operating expenses (excluding certain items) at 0.590% of average daily net assets, and offsets fees from affiliated money market funds. In recent developments, the Fund's adviser maintains ongoing expense management arrangements through mid-2026, supporting stable performance amid fluctuating yields (7-day SEC yield of 3.68% as of September 30, 2025). While no fund-specific acquisitions, partnerships, or name changes have been reported for JFMXX in the last 1-2 years, J.P. Morgan Asset Management launched the JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF) on December 11, 2025, expanding its Treasury-focused liquidity offerings into the ETF space with weekly distributions and a 16 basis point expense ratio; additionally, on December 15, 2025, it introduced its first tokenized money market fund, My OnChain Net Yield Fund (MONY). These innovations reflect broader strategic shifts toward ETF structures, tokenization, and enhanced liquidity solutions within J.P. Morgan's global asset management operations.