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JPMorgan SmartRetirement® Passive Blend 2020
For individuals born between 1954 and 1958

Your SmartRetirement® Passive Blend Fund is ready for all the years ahead, including the years after you retire.

When you select a SmartRetirement Passive Blend Fund, you're automatically invested in more than 20 underlying funds across two asset classes - stocks and bonds. By investing in the fund, a team of more than 100 investment professionals at J.P. Morgan* is responsible for shifting the allocation from stocks to bonds as the fund approaches its target date. This way your fund automatically changes to become more conservative as you approach your target retirement date.

Keep in mind, SmartRetirement can meet your needs after you retire, too, with features that help you spend confidently so your money lasts.

Select a target date fund

  • SmartRetirement Passive Blend Income
  • SmartRetirement Passive Blend 2020
  • SmartRetirement Passive Blend 2025
  • SmartRetirement Passive Blend 2030
  • SmartRetirement Passive Blend 2035
  • SmartRetirement Passive Blend 2040
  • SmartRetirement Passive Blend 2045
  • SmartRetirement Passive Blend 2050
  • SmartRetirement Passive Blend 2055
  • SmartRetirement Passive Blend 2060
  • SmartRetirement Passive Blend 2065

*As of 3/31/2023.

Why SmartRetirement Passive Blend? Hear from investors like you.

Melia

03/10/2022

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My family is very important to me. I'm married. I have one son who's 35 years old, and I also have a 5-year-old grandson. A grandchild's love is amazing. Every time I think about him, I just can't stop smiling. I want to be able to maintain a healthy life so that I can enjoy my grandson and any future grandchildren to come.

 

I've been preparing financially since I began my career. It's very important that my money lasts through retirement. It's going to be about laying on the beach, having a nice, little drink, relaxing, taking long walks, riding my bike.

 

So spending down my money in retirement is a bit of a fear factor for me. I do like that it provides an estimate as to how I would spend money in retirement and make it last. Not only is it conservative, it balances risks and reward, and it allows me to adjust my spending from year to year. Something like that gives me the ability to make my money last through retirement is the number one priority for me.

It’s important my money lasts

For Melia, there’s a fear factor to spending in retirement. So she likes the fund’s estimate of how much to spend.

Stu

03/10/2022

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I was flying back from the West Coast just the other day and I realized I haven't seen some of the parts of our country. And so I want to spend some time traveling around.

 

In New York, we're fortunate that we're a melting pot, so we can actually see a lot of different cultures in play. But I like actually going visiting and exploring the people in other cultures and the way they live day to day.

 

I've always wanted to get better at golf. I'm probably the worst golfer that I know. And I certainly wouldn't play with me if I had a choice.

 

So my biggest priority are two. One of them is to make sure that I have enough money to do the fun things that I want to do when I retire. And the second thing will be to support whatever charitable projects I think are important for future generations.

 

I really don't have an idea of what I should be spending when I retire. It's something that I worry about, but I don't have a clear idea. I am more risk averse as I've gotten older because I'm getting closer to retirement age. So I want a fund that's actually more conservative.

 

The thing that I want to get out of a tool like this is to spend my money intelligently to make sure that it lasts my entire retirement. And the great thing is that that is all built in. So I don't know if I'm going to live to 100, but it's really comforting to know that the fund will manage my money throughout my entire retirement.

 

I've been preparing for retirement my whole life. To have somebody that understands my stage of life I think is a really great idea and something that I would be very interested in.

Understands my stage of life

Stuart’s priority in retirement is having enough money for the fun things in life. He thinks SmartRetirement can help him spend more intelligently so he can do what he loves.

Retired or retiring soon? Spend confidently in the future with SmartRetirement Passive Blend.

With exclusive features to manage your spending after you retire, SmartRetirement Passive Blend can help you enjoy life while feeling confident your money will last.

  • See how much to spend each year with our sample withdrawal amount 
  • Spend more (or less) to meet your needs and easily adjust your future planning
  • Gain additional spending power as your fund continues to focus on investment gains

See how it works

You’ve been saving for retirement for a long time. 

 

 

That was smart.

 

 

Now it’s time to be a smart spender, too, so you manage your money wisely in the years after you retire.

 

 

Your JPMorgan SmartRetirement fund has some important features to help.  

 

 

For starters, SmartRetirement is designed to keep generating investment returns in retirement, just as it did during your working years. 

 

 

That can give you more spending power, so you don’t deny yourself the things that make retirement fun. 

 

 

Even better, your SmartRetirement fund gives you information to help you spend confidently in retirement… so you feel better about the decisions you make.

 

 

Let’s say you’re 65 and looking at your sources of retirement income. 

 

 

The first thing you may want to do is keep your assets invested in JPMorgan SmartRetirement. 

 

 

It’s designed to help you spend gradually, so your money can last through retirement, even to age 100.

 

 

Next, check in each year to see how much to spend to keep your retirement on track. 

 

 

This amount is based on our research and market conditions.

 

 

And, finally, enjoy your retirement more knowing you can gradually spend your money over time with less worry. 

 

 

Looking at this in more detail...if you have $100,000 invested in SmartRetirement, the fund will identify a sample amount to withdraw for each year of your retirement. 

 

 

Starting with $5,000 at age 65, for example.

 

 

This amount will change yearly. So when you check in at age 75, it might be $7,000.  

 

 

But what if you want to spend a little more (or a lot more) one year – say, for a special trip with the grandkids?

 

 

Our digital SmartRetirement calculator will help you evaluate the impact on your future ability to spend, so you can make the smartest decision for you.

 

 

All of your fund’s spending features turn on automatically as you near your target date.  

 

 

So stay on track in the years ahead with JPMorgan SmartRetirement. It could be your smartest move yet.

What's in the 2020 Fund?*

dre-donut-2020

*As of January 31, 2024.

Award-winning funds

SmartRetirement and SmartRetirement Blend rated bronze(1) by MorningstarMorning star Bronze award logo

(1) Morningstar, US Fund Target Date categories. Medalist rating as of 10/03/22; applies to the SmartRetirement and SmartRetirement Blend R6 mutual funds.

Resources

Download fact sheet

  • Class CF
  • Class CF-A

At least choosing a retirement fund can be easy.

Brochure: An introduction to SmartRetirement funds and how they work.

Download

This website was created for informational and educational purposes only. It’s not meant to be a recommendation from J.P. Morgan Asset Management, its affiliates or representatives for any specific investment strategy or specific course of action—or any action at all. Materials like this are part of product marketing efforts and are not impartial. Any examples are just hypothetical illustrations provided to help explain a point. Before you make any investment decisions, contact the professionals, such as your tax advisor, who know your personal financial situation best.

The Commingled Pension trust Fund (JPMCB SmartRetirement Passive Blend DRE) of JPMorgan Chase bank N.A. is a collective trust fund established and maintained by JPMorgan Chase Bank N.A. under a declaration of trust. The fund is not required to file a prospectus or registration statement with the SEC, and accordingly, neither is available, but a copy of the Fund Summary is available from your employer. The fund is available only to certain qualified retirement and government plans and is not offered to the general public. Units of the fund are not bank deposits and are not insured or guaranteed by any bank, government entity, the FDIC or any other type of deposit insurance.

The JPMorgan SmartRetirement Funds are target date funds 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.

Certain underlying funds of the SmartRetirement Funds may have unique risks associated with investments in foreign/ emerging markets securities and/or fixed income instruments. International investing involves increased risk and volatility due to currency exchange rate changes; political, social or economic instability; and accounting or other financial standard differences. The strategic asset allocation depicts the funds targeted weights. Actual allocations may differ. We may adjust this amount based on J.P. Morgan’s internal research and market conditions.

Asset allocation strategy for Target Date Funds is designed with two main goals in mind: promoting asset accumulation prior to retirement, which is the Fund’s “Savings Phase,” and supporting investors withdrawing their investment in the Fund throughout retirement, which is the Fund’s “Spending Phase.” Therefore, the asset allocation strategy will change over time, generally becoming more conservative as it approaches the target retirement year and then remaining relatively stable afterwards. The asset allocation strategy during the Savings Phase will generally start with a greater emphasis on global equity investments and gradually shift to more emphasis on global fixed income investments. During the Spending Phase, the Fund will generally have a greater emphasis on global fixed income investments. The Spending Phase of the Fund is designed for investors in retirement who intend to spend down their holdings in the Fund.

If you are a person with a disability and need additional support in viewing the material, please call us at 1-800-343-1113 for assistance. © 2024 JPMorgan Chase & Co. All rights reserved.

J.P. Morgan Asset Management is the brand name for the investment management businesses of JPMorgan Chase & Co. and its affiliates worldwide. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc.; member of FINRA.

(1) Morningstar, US Fund Target Date categories. Medalist rating as of 10/03/22; applies to the SmartRetirement and SmartRetirement Blend R6 mutual funds. The Morningstar Medalist RatingTM is a summary expression of Morningstar’s forwardlooking analysis of investment strategies using a rating scale of Gold, Silver, Bronze, Neutral and Negative. Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with fees, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating assigned. Products are sorted by expected performance into rating groups defined by their Morningstar Category and their active or passive status. Analyst-covered products are assigned the three pillar ratings based on the analyst’s qualitative assessment, subject to the Analyst Rating Committee’s oversight, monitored and reevaluated at least every 14 months. Ratings are assigned monthly for vehicles covered either indirectly by analysts or by algorithm. For more detailed information including methodology, please go to global.morningstar.com/managerdisclosures.

Ratings and rankings should not be used as the sole basis in evaluating an investment product and should not be considered an offer or solicitation to buy or sell the investment product.

©2024 Morningstar Inc. All rights reserved. Morningstar information is proprietary to Morningstar and/or its content providers, may not be copied or distributed and is not warranted to be accurate, complete or timely.

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J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. and its affiliates worldwide. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc.; member of FINRA. FINRA's BrokerCheck

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