Fund Facts  

Inception Date: Nov 3, 2014
CUSIP: 46641U770
Ticker Symbol: JSMYX
Morningstar Category:Target-Date 2030
As of Sep 30, 2017
Fund Net Assets ($millions) $8,346

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks high 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 2030 (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 Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
JPMorgan SmartRetirement 2030a4.36%13.81%14.08%N/AN/AN/A6.73%
S&P Target Date 2030 Indexa,b3.60%11.46%12.79%7.07%9.17%5.02%N/A
Morningstar Target-Date 2030a,c3.69%12.11%12.52%6.49%8.23%4.45%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 Expensesa,d
Gross Expenses0.54%
Net Expenses0.54%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (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 and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

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.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net expense ratio and gross expense ratio of a fund are typically due to fee waivers, expense reimbursements, expense limits, and/or the reimbursement of fees to the fund.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 29, 2017Sep 29, 2017$0.071290000
Jun 30, 2017Jun 30, 2017$0.068640000
Mar 31, 2017Mar 31, 2017$0.064450000
Dec 30, 2016Dec 30, 2016$0.217070000
Dec 16, 2016Dec 16, 2016$0.149090000
Sep 30, 2016Sep 30, 2016$0.080820000
Jun 30, 2016Jun 30, 2016$0.072230000
Mar 31, 2016Mar 31, 2016$0.054290000
Dec 31, 2015Dec 31, 2015$0.249990000
Dec 18, 2015Dec 18, 2015$0.221230000
Sep 30, 2015Sep 30, 2015$0.032560000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2017
Period Stars Category Size
Overall 5 Stars188
3-Year N/A N/A
5-Year N/A N/A
10-Year N/A N/A

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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 managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Sep 30, 2017
Equity Stylebox Fixed Income Stylebox
Large BlendLow Moderate
Allocation of Assets As of Aug 31, 2017
Type of Asset Percent
Equity66%
Fixed Income29%
Cash/Other5%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Aug 31, 2017
Asset ClassPercent
Domestic Stock42.3%
Foreign Stock23.6%
Domestic Bond23.2%
Foreign Bond6.0%
Preferred0.0%
Convertible0.1%
Cash3.9%
Other0.8%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of Aug 31, 2017
SectorPercent
Corporate13.8%
Securitized7.9%
Government7.5%
Cash & Equivalents3.9%
Municipal0.0%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of Jun 30, 2017
Quality LevelPercent
AAA37.1%
AA3.7%
A11.3%
BBB18.2%
BB11.6%
B10.7%
Below B3.6%
Not Rated3.8%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Aug 31, 2017
Holding NamePercent
JPMorgan Core Bond R613.2%
JPMorgan Disciplined Equity R69.6%
JPMorgan US Equity R67.3%
JPMorgan Growth Advantage R66.0%
JPMorgan Intrepid International R65.8%
JPMorgan International Equity R65.8%
JPMorgan International Opportunities R65.8%
JPMorgan Intrepid America R65.7%
JPMorgan Value Advantage R65.5%
JPMorgan High Yield R65.1%
 

Statistics

Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta0.000.00
Alpha0.000.00
Standard Deviation0.000.00
 
 

Footnotes

1.

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.

2.

Please read the fund's prospectus or disclosure materials 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 or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 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.