The investment seeks total return with a shift to current income and some capital appreciation over time as the fund approaches and passes the target retirement date.
Principal Investment Strategies†
The fund is a "fund of funds" that invests in other J.P. Morgan Funds (underlying funds), and is generally intended for investors expecting to retire around the year 2015 (target retirement date). It is designed to provide exposure to a variety of asset classes through investments in underlying funds, and over time the fund's asset allocation strategy will change.
Principal Investment Risks
There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Risk Glossary for additional information about the Fund’s risks.
Performance & Expenses
|Fund/Benchmark Name||Qtr||YTD||1-Yr||3-Yr||5-Yr||10-Yr||Since Inception|
|JPMorgan SmartRetirement 2015a||1.10%||1.10%||-1.98%||N/A||N/A||N/A||0.59%|
|S&P Target Date 2015 GR Indexa,b||1.97%||1.97%||-0.16%||5.10%||5.75%||5.11%||N/A|
|Morningstar Target Date 2011-2015a,c||1.61%||1.61%||-1.55%||3.62%||4.66%||4.29%||N/A|
Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.
Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.
|Total annual fund operating expensesa||0.51%|
|Fee waiver and/or expense reimbursement||0.01%|
A contractual expense waiver exists for this fund and will expire on 10-31-2016.
a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA-RC does not independently verify Morningstar data.
b. The S&P Target Date indexes reflect exposure to various asset classes included in target date funds driven by a survey of such funds for each particular target date, gross of an assumed expense ratio.
c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.
|Record Date||Ex/Payable Date||Income/Capital Gains Paid Per Share|
|Mar 31, 2016||Mar 31, 2016||$0.077210000|
|Dec 31, 2015||Dec 31, 2015||$0.190320000|
|Dec 18, 2015||Dec 18, 2015||$0.154240000|
|Sep 30, 2015||Sep 30, 2015||$0.069610000|
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.
|Equity Stylebox||Fixed Income Stylebox|
|Type of Asset||Percent|
Due to rounding, percentages shown may not add up to 100%.
Due to rounding, percentages shown may not add up to 100%.
|Cash & Equivalents||14.4%|
Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.
Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.
|JPMorgan Core Bond R6||27.9%|
|JPMorgan Disciplined Equity R6||10.9%|
|JPMorgan High Yield R6||8.1%|
|JPMorgan Corporate Bond R6||6.2%|
|JPMorgan Inflation Managed Bond R6||5.0%|
|JPMorgan Growth Advantage R6||3.0%|
|JPMorgan International Opps R6||3.0%|
|JPMorgan International Equity R6||3.0%|
|JPMorgan Intrepid International R6||2.8%|
|JPMorgan Value Advantage Instl||2.7%|
The Fund is not a complete solution for all of your retirement savings needs. An investment in the Fund includes the risk of loss, including near, at or after the target date of the Fund. There is no guarantee that the Fund will provide adequate income at and through an investor's retirement.
Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing firstname.lastname@example.org, or visiting www.icmarc.org.
The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.
Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.