Target Date Strategies - J.P. Morgan Asset Management
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Target Date Strategies

Target date funds can't afford to be passive

Help participants reach their retirement goals with our target date series.

JPMorgan SmartRetirement® target date funds seek to deliver consistent, long term results across a range of market cycles to help employees’ investments work harder for the future.

View our brochure
Help participants reach their retirement goals with our educated glidepath
Our SmartRetirement target date series can be delivered as both active and passive-blend packaged strategies


Chart source: J.P. Morgan Asset Management. Diversification and asset allocation do not guarantee investment returns and do not eliminate the risk of loss. For illustrative purposes only.


View our brochures for additional details on how we manage the underlying investments of our SmartRetirement series.

Our SmartRetirementĀ® results speak for themselves

1 Source: Morningstar; as of 9/30/17. Overall ratings for R6 share class of each vintage in JPMorgan SmartRetirement Funds and JPMorgan SmartRetirement Blend Funds series. Different share classes may have different ratings. Morningstar updates star ratings monthly.
2 Morningstar® Awards 2014. Morningstar, Inc. All rights reserved. The 2014 U.S. Allocation Fund Manager of the Year was awarded to the SmartRetirement team for the management of the JPMorgan SmartRetirement Target Date Series (Institutional shares).
3 Source: Morningstar. Analyst rating as of 4/12/17 applies to the actively-managed SmartRetirement Funds.

A range of solutions to meet a variety of needs

Our target date series can be delivered as both active and passive-blend packaged strategies, as well as customized glide path solutions to meet the unique needs of our clients.
If you are an employee participating in a 401(k) plan that offers a JPMorgan SmartRetirement Fund,
please select one of the below options.
Disclaimer

Target Date Funds

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.

Risks Associated with Investing in the Funds

Certain underlying J.P. Morgan Funds may invest in foreign/emerging market securities, small capitalization securities and/or high-yield fixed income instruments. There may be unique risks associated with investing in these types of securities. International investing involves increased risk and volatility due to possibilities of currency exchange rate volatility, political, social or economic instability, foreign taxation and differences in auditing and other financial standards. The Fund may invest a portion of its securities in small-cap stocks. Small-capitalization funds typically carry more risk than stock funds investing in well-established "blue-chip" companies since smaller companies generally have a higher risk of failure. Historically, smaller companies' stock has experienced a greater degree of market volatility than the average stock. Securities rated below investment grade are called "high yield bonds," "non-investment grade bonds," "below investment-grade bonds," or "junk bonds." They generally are rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investor Service. Although these securities tend to provide higher yields than higher rated securities, there is a greater risk that the Fund's share price will decline. Real estate funds may be subject to a higher degree of market risk because of concentration in a specific industry, sector or geographical sector. Real estate funds may be subject to risks including, but not limited to, declines in the value of real estate, risks related to general and economic conditions, changes in the value of the underlying property owned by the trust and defaults by borrower.

There may be additional fees or expenses associated with investing in a Fund of Funds strategy.

Indexes

Index returns are for illustrative purposes only. Mutual funds and ETFs have fees that reduce their performance; indexes do not. You cannot invest directly in an index.

The S&P Target Date Index Series 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.

Entities

The Morningstar Rating,TM 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. Rankings do not take sales loads into account.

SMARTRETIREMENT FUNDS: THE FOLLOWING MORNINGSTAR RATING INFORMATION IS AS OF JUNE 30, 2017:
JPMorgan SmartRetirement Income Fund: Overall rating R6 Target-Date Retirement Category; 137 funds. 3-yr rating, 4 stars; 137 funds. 5-yr. rating, 4 stars; 114 funds. 10-yr. rating, 4 stars; 66 funds. JPMorgan SmartRetirement 2020 Fund: Overall rating R6; Target Date 2020 Category; 184 funds. 3-yr. rating, 4 stars; 184 funds. 5-yr. rating, 4 stars; 148 funds. 10-yr. rating, 5 stars; 84 funds. JPMorgan SmartRetirement 2025 Fund: Overall rating R6; Target Date 2025 Category; 158 funds. 3-yr. rating, 4 stars; 158 funds. 5-yr. rating, 4 stars; 118 funds. 10-yr. period not yet rated. JPMorgan SmartRetirement 2030 Fund: Overall rating R6; Target Date 2030 Category; 184 funds. 3-yr. rating, 4 stars; 184 funds. 5-yr. rating, 4 stars; 148 funds. 10-yr. rating, 5 stars; 84 funds JPMorgan SmartRetirement 2035 Fund: Overall rating R6; Target Date 2035 Category; 158 funds. 3-yr. rating, 4 stars; 158 funds. 5-yr. rating, 4 stars; 118 funds. 10-yr. period not yet rated. JPMorgan SmartRetirement 2040 Fund: Overall rating R6; Target Date 2040 Category; 184 funds. 3-yr. rating, 4 stars; 184 funds. 5-yr. rating, 4 stars; 148 funds. 10-yr. rating, 5 stars; 84 funds. JPMorgan SmartRetirement 2045 Fund: Overall rating R6; Target Date 2045 Category; 158 funds. 3-yr. rating, 4 stars; 158 funds. 5-yr. rating, 4 stars; 117 funds. 10-yr. period not yet rated. JPMorgan SmartRetirement 2050 Fund: Overall rating R6; Target Date 2050 Category; 176 funds. 3-yr. rating, 4 stars; 176 funds. 5-yr. rating, 4 stars; 137 funds. 10-yr. period not yet rated. JPMorgan SmartRetirement 2055 Fund: Overall rating R6; Target Date 2055 Category; 145 funds. 3-yr. rating, 3 stars; 145 funds. 5-yr. rating, 4 stars; 89 funds. 10-year period not yet rated. JPMorgan SmartRetirement 2060 Fund not yet rated.

SMARTRETIREMENT BLEND FUNDS: THE FOLLOWING MORNINGSTAR RATING INFORMATION IS AS OF JUNE 30, 2017:
JPMorgan SmartRetirement Blend Income Fund: Overall rating R6 shares; Target-Date Retirement Category; 137 funds. 3-yr rating, 4 stars; 137 funds. Five and 10-year periods not yet rated. JPMorgan SmartRetirement Blend 2020 Fund: Overall rating R6 shares; Target Date 2020 Category; 184 funds. 3-yr. rating, 4 stars; 184 funds. Five and 10-year periods not yet rated. JPMorgan SmartRetirement Blend 2025 Fund: Overall rating R6 shares; Target Date 2025 Category; 158 funds. 3-yr. rating, 4 stars; 158 funds. Five and 10-year periods not yet rated. JPMorgan SmartRetirement Blend 2030 Fund: Overall rating R6 shares; Target Date 2030 Category; 184 funds. 3-yr. rating, 4 stars; 184 funds. Five and 10-year periods not yet rated. JPMorgan SmartRetirement Blend 2035 Fund: Overall rating R6 shares; Target Date 2035 Category; 158 funds. 3-yr. rating, 4 stars; 158 funds. Five and 10-year periods not yet rated. JPMorgan SmartRetirement Blend 2040 Fund: Overall rating R6 shares; Target Date 2040 Category; 184 funds. 3-yr. rating, 4 stars; 184 funds. Five and 10-year periods not yet rated. JPMorgan SmartRetirement Blend 2045 Fund: Overall rating R6 shares; Target Date 2045 Category; 158 funds. 3-yr. rating, 4 stars; 158 funds. Five and 10-year periods not yet rated. JPMorgan SmartRetirement Blend 2050 Fund: Overall rating R6 shares; Target Date 2050 Category; 176 funds. 3-yr. rating, 4 stars; 176 funds. Five and 10-year periods not yet rated. JPMorgan SmartRetirement Blend 2055 Fund: Overall rating R6 shares; Target Date 2055 Category; 145 funds. 3-yr. rating, 4 stars; 145 funds. Five and 10-year periods not yet rated.

Some of Morningstar's proprietary calculations, including the Morningstar RatingTM, are not customarily calculated based on adjusted historical returns. However, for new share classes/channels, Morningstar may calculate an extended performance Morningstar Rating. The extended performance is calculated by adjusting the historical total returns of the oldest share class of a fund to reflect the fee structure of the younger share class/channel, attaching this data to the younger share class' performance record, and then compounding the adjusted plus actual monthly returns into the extended performance Morningstar Risk-Adjusted Return for the three-, five-, and 10-year time periods. The Morningstar Risk-Adjusted Returns are used to determine the extended performance Morningstar Rating. The extended performance Morningstar Rating for this fund does not affect the retail fund data published by Morningstar, as the bell curve distribution on which the ratings are based includes only funds with actual returns. The Overall Morningstar Rating for multi-share funds is based on actual performance only or extended performance only. Once the share class turns three years old, the Overall Morningstar Rating will be based on actual ratings only. The Overall Morningstar Rating for multi-share variable annuities is based on a weighted average of any ratings that are available.

While the inclusion of pre-inception data, in the form of extended performance, can provide valuable insight into the probable long-term behavior of newer share classes of a fund, investors should be aware that an adjusted historical return can only provide an approximation of that behavior. For example, the fee structures of a retail share class will vary from that of an institutional share class, as retail shares tend to have higher operating expenses and sales charges. These adjusted historical returns are not actual returns. The underlying investments in the share classes used to calculate the pre-performance string will likely vary from the underlying investments held in the fund after inception. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself.

The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the manager research analysts of Morningstar. Morningstar evaluates funds based on five key pillars: process, performance, people, parent and price. Analysts use this five-pillar evaluation to determine how they believe funds are likely to perform over the long term on a risk-adjusted basis. They consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, Negative. A Morningstar Analyst Rating of Gold, Silver or Bronze reflects an Analyst’s conviction in a fund’s prospects for outperformance. Analyst Ratings are continuously monitored and reevaluated at least every 14 months.

For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to http://corporate1.morningstar.com/AnalystRating/ The Morningstar Analyst Rating should not be used as the sole basis in evaluating a mutual fund. Morningstar Analyst Ratings involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what we expected.

J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services Inc. is a member of FINRA/SIPC.

J.P. Morgan Asset Management is the marketing name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.