Morgan Funds - SALES CHARGES AND FINANCIAL INTERMEDIARY COMPENSATION” on page 27 of the prospectus and in “PURCHASES, REDEMPTIONS AND EXCHANGES” in Appendix A to Part II of the Statement of More information about these and other discounts is available from your financial intermediary and in Purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $50,000 in the J.P. You may qualify for sales charge discounts on The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. Morgan Funds - FUNDS SUBJECT TO A LIMITED OFFERING” in Any representation to the contrary is aĬlass/Ticker: A/UBVAX C/UBVCX Select/UBVSXĬurrently, the Fund is publicly offered on a limited basis.

The Securities and Exchange Commission has not approved or disapproved of these securities or determined if this prospectus is truthful or complete. Undiscovered Managers Behavioral Value Fund**Ĭlass/Ticker: A/UBVAX C/UBVCX Select/UBVSX L/UBVLXĮffective April 3, 2017, Select Class Shares will be renamed “Class I Shares.” & Class L (formerly Institutional Class) Shares

The post-effective amendment designates a new effective date for a previously filed post-effective amendment. Immediately upon filing pursuant to paragraph (b)Ħ0 days after filing pursuant to paragraph (a)(1)ħ5 days after filing pursuant to paragraph (a)(2) It is proposed that this filing will become effective (check appropriate box): (Exact Name of Registrant Specified in Charter) Investment Company Act File No. 811-08437 UNDISCOVERED MANAGERS FUNDS Table of ContentsĪs filed with the Securities and Exchange Commission on December 16, 2016

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