| |
1 | |
9 | |
19 | |
29 | |
39 | |
49 | |
59 | |
69 | |
79 | |
89 | |
99 | |
109 | |
118 | |
118 | |
123 | |
124 | |
135 | |
135 | |
135 | |
136 | |
136 |
137 | |
138 | |
138 | |
140 | |
141 | |
143 | |
144 | |
146 | |
147 | |
148 | |
149 | |
151 | |
152 | |
152 | |
153 | |
154 | |
154 | |
154 | |
155 | |
155 | |
156 | |
Back
cover |
| |||||
|
Class
R2 |
Class
R3 |
Class
R4 |
Class
R5 |
Class
R6 |
Management
Fees |
|
|
|
|
|
Distribution
(Rule
12b-1)
Fees |
|
|
|
|
|
Other
Expenses |
|
|
|
|
|
Service
Fees |
|
|
|
|
|
Remainder
of
Other
Expenses |
|
|
|
|
|
Acquired
Fund
(Underlying
Fund)
Fees
and Expenses |
|
|
|
|
|
Total
Annual Fund
Operating
Expenses |
|
|
|
|
|
Fee
Waivers and/or
Expense
Reimbursements1 |
- |
- |
- |
- |
- |
Total
Annual Fund
Operating
Expenses
after
Fee Waivers
and/or
Expense
Reimbursements1 |
|
|
|
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
R2 SHARES ($) |
|
|
|
|
CLASS
R3 SHARES ($) |
|
|
|
|
CLASS
R4 SHARES ($) |
|
|
|
|
CLASS
R5 SHARES ($) |
|
|
|
|
CLASS
R6 SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life of
Fund
since |
|
1
Year |
5
Years |
|
CLASS
R6 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
Return After
Taxes on Distributions |
|
|
|
Return After
Taxes on Distributions
and Sale of
Fund Shares |
|
|
|
CLASS
R2 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R3 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R4 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R5 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
S&P
TARGET DATE RETIREMENT
INCOME
INDEX
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
|
|
|
JPM
SMARTRETIREMENT BLEND
INCOME
COMPOSITE BENCHMARK
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
|
|
|
Portfolio
Manager |
Managed
Fund
Since |
Primary
Title with
Investment
Adviser |
Daniel
Oldroyd |
2012 |
Managing
Director |
Silvia
Trillo |
2019 |
Managing
Director |
Ove
Fladberg |
2022 |
Managing
Director |
Jeffrey A.
Geller |
2012 |
Managing
Director |
For
Class R6 Shares |
|
To
establish an account |
|
|
$5,000,000
for Discretionary Accounts |
|
$5,000,000
for Institutional Investors |
|
$15,000,000
for Other Investors |
To
add to an account |
No
minimum levels |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |||||
|
Class
R2 |
Class
R3 |
Class
R4 |
Class
R5 |
Class
R6 |
Management
Fees |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
Distribution
(Rule
12b-1)
Fees |
0.50 |
0.25 |
NONE |
NONE |
NONE |
Other
Expenses |
1.00 |
1.01 |
1.00 |
0.85 |
0.73 |
Service
Fees |
0.25 |
0.25 |
0.25 |
0.10 |
NONE |
Remainder
of
Other
Expenses |
0.75 |
0.76 |
0.75 |
0.75 |
0.73 |
Acquired
Fund
(Underlying
Fund)
Fees
and Expenses |
0.16 |
0.16 |
0.16 |
0.16 |
0.16 |
Total
Annual Fund
Operating
Expenses |
1.81 |
1.57 |
1.31 |
1.16 |
1.04 |
Fee
Waivers and/or
Expense
Reimbursements1 |
-0.87 |
-0.88 |
-0.87 |
-0.87 |
-0.85 |
Total
Annual Fund
Operating
Expenses
after
Fee Waivers
and/or
Expense
Reimbursements1 |
0.94 |
0.69 |
0.44 |
0.29 |
0.19 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
R2 SHARES ($) |
96 |
485 |
899 |
2,055 |
CLASS
R3 SHARES ($) |
70 |
409 |
772 |
1,793 |
CLASS
R4 SHARES ($) |
45 |
329 |
635 |
1,503 |
CLASS
R5 SHARES ($) |
30 |
282 |
554 |
1,331 |
CLASS
R6 SHARES ($) |
19 |
246 |
491 |
1,194 |
Target
Allocations1
| |
Fixed
Income |
55.00% |
U.S. Fixed
Income |
36.50% |
Inflation
Managed |
7.50% |
High Yield
Fixed Income |
7.70% |
Emerging
Markets Debt |
3.30% |
Equity |
40.00% |
U.S. Large
Cap Equity |
19.60% |
U.S. Mid Cap
Equity |
2.40% |
U.S. Small
Cap Equity |
2.00% |
REITs |
1.60% |
International
Equity |
9.80% |
Emerging
Markets Equity |
4.60% |
Money
Market Funds/Cash and Cash Equivalents |
5.00% |
Money Market
Funds/Cash and Cash Equivalents |
5.00% |
YEAR-BY-YEAR
RETURNS — CLASS R6 SHARES |
Best
Quarter |
4th quarter,
2020 |
7.08% |
Worst
Quarter |
1st quarter,
2020 |
-10.79% |
The Fund’s
year-to-date total return |
through |
9/30/22 |
was |
-17.50% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2021) | |||
|
Past |
Past |
Life of
Fund
since |
|
1
Year |
5
Years |
12/30/2016 |
CLASS
R6 SHARES |
|
|
|
Return Before
Taxes |
6.81% |
6.13% |
6.12% |
Return After
Taxes on Distributions |
4.88 |
4.47 |
4.47 |
Return After
Taxes on Distributions
and Sale of
Fund Shares |
4.67 |
4.17 |
4.17 |
CLASS
R2 SHARES |
|
|
|
Return Before
Taxes |
6.00 |
5.33 |
5.33 |
CLASS
R3 SHARES |
|
|
|
Return Before
Taxes |
6.32 |
5.59 |
5.59 |
CLASS
R4 SHARES |
|
|
|
Return Before
Taxes |
6.50 |
5.85 |
5.84 |
CLASS
R5 SHARES |
|
|
|
Return Before
Taxes |
6.71 |
6.01 |
6.01 |
S&P
TARGET DATE 2015 INDEX
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
8.01 |
8.08 |
8.08 |
JPM
SMARTRETIREMENT BLEND
2015
COMPOSITE BENCHMARK
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
6.44 |
7.39 |
7.39 |
Portfolio
Manager |
Managed
Fund
Since |
Primary
Title with
Investment
Adviser |
Daniel
Oldroyd |
2019 |
Managing
Director |
Silvia
Trillo |
2019 |
Managing
Director |
Ove
Fladberg |
2022 |
Managing
Director |
Jeffrey A.
Geller |
2022 |
Managing
Director |
For
Class R6 Shares |
|
To
establish an account |
|
|
$5,000,000 for
Discretionary Accounts |
|
$5,000,000 for
Institutional Investors |
|
$15,000,000 for Other
Investors |
To
add to an account |
No minimum
levels |
| |||||
|
Class
R2 |
Class
R3 |
Class
R4 |
Class
R5 |
Class
R6 |
Management
Fees |
|
|
|
|
|
Distribution
(Rule
12b-1)
Fees |
|
|
|
|
|
Other
Expenses |
|
|
|
|
|
Service
Fees |
|
|
|
|
|
Remainder
of
Other
Expenses |
|
|
|
|
|
Acquired
Fund
(Underlying
Fund)
Fees
and Expenses |
|
|
|
|
|
Total
Annual Fund
Operating
Expenses |
|
|
|
|
|
Fee
Waivers and/or
Expense
Reimbursements1 |
- |
- |
- |
- |
- |
Total
Annual Fund
Operating
Expenses
after
Fee Waivers
and/or
Expense
Reimbursements1 |
|
|
|
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
R2 SHARES ($) |
|
|
|
|
CLASS
R3 SHARES ($) |
|
|
|
|
CLASS
R4 SHARES ($) |
|
|
|
|
CLASS
R5 SHARES ($) |
|
|
|
|
CLASS
R6 SHARES ($) |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life of
Fund
since |
|
1
Year |
5
Years |
|
CLASS
R6 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
Return After
Taxes on Distributions |
|
|
|
Return After
Taxes on Distributions
and Sale of
Fund Shares |
|
|
|
CLASS
R2 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R3 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R4 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R5 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
S&P
TARGET DATE 2020 INDEX
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
|
|
|
JPM
SMARTRETIREMENT BLEND
2020
COMPOSITE BENCHMARK
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
|
|
|
Portfolio
Manager |
Managed
Fund
Since |
Primary
Title with
Investment
Adviser |
Daniel
Oldroyd |
2012 |
Managing
Director |
Silvia
Trillo |
2019 |
Managing
Director |
Ove
Fladberg |
2022 |
Managing
Director |
Jeffrey A.
Geller |
2012 |
Managing
Director |
For
Class R6 Shares |
|
To
establish an account |
|
|
$5,000,000
for Discretionary Accounts |
|
$5,000,000
for Institutional Investors |
|
$15,000,000
for Other Investors |
To
add to an account |
No
minimum levels |
| |||||
|
Class
R2 |
Class
R3 |
Class
R4 |
Class
R5 |
Class
R6 |
Management
Fees |
|
|
|
|
|
Distribution
(Rule
12b-1)
Fees |
|
|
|
|
|
Other
Expenses |
|
|
|
|
|
Service
Fees |
|
|
|
|
|
Remainder
of
Other
Expenses |
|
|
|
|
|
Acquired
Fund
(Underlying
Fund)
Fees
and Expenses |
|
|
|
|
|
Total
Annual Fund
Operating
Expenses |
|
|
|
|
|
Fee
Waivers and/or
Expense
Reimbursements1 |
- |
- |
- |
- |
- |
Total
Annual Fund
Operating
Expenses
after
Fee Waivers
and/or
Expense
Reimbursements1 |
|
|
|
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
R2 SHARES ($) |
|
|
|
|
CLASS
R3 SHARES ($) |
|
|
|
|
CLASS
R4 SHARES ($) |
|
|
|
|
CLASS
R5 SHARES ($) |
|
|
|
|
CLASS
R6 SHARES ($) |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past |
Past |
Life of
Fund
since |
|
1
Year |
5
Years |
|
CLASS
R6 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
Return After
Taxes on Distributions |
|
|
|
Return After
Taxes on Distributions
and Sale of
Fund Shares |
|
|
|
CLASS
R2 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R3 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R4 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
CLASS
R5 SHARES |
|
|
|
Return Before
Taxes |
|
|
|
S&P
TARGET DATE 2025 INDEX
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
|
|
|
JPM
SMARTRETIREMENT BLEND
2025
COMPOSITE BENCHMARK
(Reflects No
Deduction for Fees,
Expenses, or
Taxes) |
|
|
|
Portfolio
Manager |
Managed
Fund
Since |
Primary
Title with
Investment
Adviser |
Daniel
Oldroyd |
2012 |
Managing
Director |
Silvia
Trillo |
2019 |
Managing
Director |
Ove
Fladberg |
2022 |
Managing
Director |
Jeffrey A.
Geller |
2012 |
Managing
Director |
For
Class R6 Shares |
|
To
establish an account |
|
|
$5,000,000
for Discretionary Accounts |
|
$5,000,000
for Institutional Investors |
|
$15,000,000
for Other Investors |
To
add to an account |
No
minimum levels |
| |||||
|
Class
R2 |
Class
R3 |
Class
R4 |
Class
R5 |
Class
R6 |
Management
Fees |
|
|
|
|
|
Distribution
(Rule
12b-1)
Fees |
|
|
|
|
|
Other
Expenses |
|
|
|
|
|
Service
Fees |
|
|
|
|
|
Remainder
of
Other
Expenses |
|
|
|
|
|
Acquired
Fund
(Underlying
Fund)
Fees
and Expenses |
|
|
|
|
|
Total
Annual Fund
Operating
Expenses |
|
|
|
|
|
Fee
Waivers and/or
Expense
Reimbursements1 |
- |
- |
- |
- |
- |
Total
Annual Fund
Operating
Expenses
after
Fee Waivers
and/or
Expense
Reimbursements1 |
|
|
|
|
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
R2 SHARES ($) |
|
|
|
|
CLASS
R3 SHARES ($) |
|
|
|
|
CLASS
R4 SHARES ($) |
|
|
|
|
CLASS
R5 SHARES ($) |
|
|
|
|
CLASS
R6 SHARES ($) |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|