As of April 3, 2017, this fund's Select share class has been renamed to I. Please see the prospectus for more details.
- Focuses on delivering a well-diversified portfolio with an appropriate asset allocation throughout the retirement investment horizon
- Managed by experienced Multi-Asset Solutions team with full access to insights from J.P. Morgan's asset class specialists
- Investment approach is implemented through strategic asset allocation, manager selection and tactical asset allocation
Structuring multi-asset class portfolios at J.P. MorganAnne Lester | June 30, 2017
Anne Lester, global head of Retirement Solutions, J.P. Morgan Asset Management, discusses the importance of integrating all parts of the investment process when managing a multi-asset class portfolio.
Fees and Minimums
1Please refer to the prospectus for additional information about cut-off times.
Total return assumes reinvestment of income.
The Fund's adviser and/or its affiliates have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, dividend and interest expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation and extraordinary expenses) exceed 0.54% for I Shares, 1.04% for R2 Shares, 0.79% for R3 Shares, 0.54% for R4 Shares, 0.39% for R5 Shares and 0.29% for R6 Shares of the average daily net assets. The Fund may invest in one or more money market funds advised by the adviser or its affiliates (affiliated money market funds). The Fund's adviser has contractually agreed to waive fees and/or reimburse expenses in an amount sufficient to offset the fees and expenses of the affiliated money market funds incurred by the Fund because of the Fund's investment in such money market funds. This waiver is in effect through 10/31/2017 for I Shares, 10/31/2017 for R2 Shares, 5/31/2018 for R3 Shares, 5/31/2018 for R4 Shares, 10/31/2017 for R5 Shares and 10/31/2017 for R6 Shares, at which time the adviser and/or its affiliates will determine whether to renew or revise it. The difference between net and gross fees includes all applicable fee waivers and expense reimbursements.
Mutual funds have fees that reduce their performance: indexes do not. You cannot invest directly in an index.
The S&P Target Date Index Series (New) reflects exposure to various asset classes included in target date funds driven by a survey of such funds for each particular target date. These asset class exposures are represented by indices of securities in the index calculation. Prior to May 31, 2017 the asset class exposures were represented by ETFs net of fees. The Index returns are calculated on a daily basis.
The performance of the Lipper Mixed-Asset Target 2035 Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund. An individual cannot invest directly in an index.
The S&P Target Date Index Series (Old) reflects exposure to various asset classes included in target date funds driven by a survey of such funds for each particular target date. These asset class are represented by ETFs gross of fees in the index calculation. The Index returns are calculated on a daily basis.
Total return figures (for the fund and any index quoted) assume payment of fees and reinvestment of dividends (after the highest applicable foreign withholding tax) and distributions. Without fee waivers, fund returns would have been lower. Due to rounding, some values may not total 100%.
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This investment is not a complete retirement program and may not provide sufficient retirement income.
Target date funds are funds with the target date being the approximate date when investors plan to start withdrawing their money. Generally, the asset allocation of each fund will change on an annual basis with the asset allocation becoming more conservative as the fund nears the target retirement date. The principal value of the fund(s) is not guaranteed at any time, including at the target date.
There may be additional fees or expenses associated with investing in a Fund of Funds strategy.
Asset allocation does not guarantee investment returns and does not eliminate the risk of loss.
The strategic asset allocation depicts the Fund's targeted weights based on JPMorgan's internal analysis. Strategic allocations are reviewed on at least an annual basis. The strategic asset allocation of most Target Date Funds changes annually to become more conservative.
Average Life: The length of time the principal of a debt issue is expected to be outstanding.