Fund Facts  

Inception Date: Nov 3, 2014
CUSIP: 46641U713
Ticker Symbol: JSIYX
Morningstar Category:Target-Date Retirement
As of Jun 30, 2017
Fund Net Assets ($millions) $4,477

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks current income and some capital appreciation.

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 who are retired or about to retire soon. It is designed to provide exposure to a variety of asset classes through investments in underlying funds, with an emphasis on fixed income funds over equity funds and other funds.

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 Jun 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
JPMorgan SmartRetirement Inc   2.29%5.46%7.42%N/AN/AN/A3.83%
S&P Target Date Retirement Income Indexa,b1.79%4.03%4.95%3.20%4.76%3.93%N/A
Morningstar Target-Date Retirementa,c1.80%4.44%5.70%2.65%4.36%3.66%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.

Fund Expensesa,d
Gross Expenses0.45%
Net Expenses0.43%

 

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$0.087290000
Jun 30, 2017Jun 30, 2017$0.032610000
Jun 20, 2017Jun 20, 2017$0.057160000
Mar 31, 2017Mar 31, 2017$0.080370000
Dec 30, 2016Dec 30, 2016$0.163000000
Sep 30, 2016Sep 30, 2016$0.099000000
Jun 30, 2016Jun 30, 2016$0.089000000
Mar 31, 2016Mar 31, 2016$0.075000000
Dec 31, 2015Dec 31, 2015$0.183000000
Dec 18, 2015Dec 18, 2015$0.062430000
Sep 30, 2015Sep 30, 2015$0.069000000
 

Morningstar Information

Morningstar RatingTM   As of Jun 30, 2017
Period Stars Category Size
Overall 4 Stars137
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 Jun 30, 2017
Equity Stylebox Fixed Income Stylebox
Large BlendLow Moderate
Allocation of Assets As of May 31, 2017
Type of Asset Percent
Equity35%
Fixed Income50%
Cash/Other15%

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

 
 

Characteristics

Allocation of Assets As of May 31, 2017
Asset ClassPercent
Domestic Stock22.9%
Foreign Stock12.4%
Domestic Bond42.3%
Foreign Bond7.7%
Preferred0.1%
Convertible0.1%
Cash13.7%
Other0.8%

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

 
Fixed Income Sector As of May 31, 2017
SectorPercent
Corporate22.8%
Securitized14.2%
Cash & Equivalents13.8%
Government13.2%
Municipal0.0%

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

 
Credit Quality As of Mar 31, 2017
Quality LevelPercent
AAA42.8%
AA3.6%
A10.3%
BBB16.3%
BB11.2%
B8.8%
Below B2.7%
Not Rated4.4%

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

 
Top Ten Holdings As of May 31, 2017
Holding NamePercent
JPMorgan Core Bond R619.9%
JPMorgan Disciplined Equity R68.1%
JPMorgan Core Plus Bond R66.8%
JPMorgan High Yield R66.8%
JPMorgan Corporate Bond R65.2%
JPMorgan Inflation Managed Bond R65.0%
JPMorgan Intrepid International R63.1%
JPMorgan International Equity R63.0%
JPMorgan Growth Advantage R62.9%
JPMorgan International Opportunities R62.9%
 

Statistics

Portfolio Statistics As of Jun 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 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 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.