Investment involves risks. Any investment decision should be based solely on the basis of any relevant offering documents such as the prospectus, annual report, semi-annual report, private placement or offering memorandum. For further information, any questions and for copies of the offering material you can contact your usual J.P. Morgan Asset Management representative.

TARGET DATE FUNDS: The JPMorgan SmartRetirement Funds are target date funds (TDFs) with the target date being the approximate date when investors plan to retire. 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. TDFs may suffer investment losses, including near and following retirement. There is no guarantee that a TDF will provide adequate retirement income. There may be additional fees or expenses associated with investing in a Fund of Funds strategy.

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