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JPMorgan SmartAllocation Income Fund - R2 (SAIRX)

JPMorgan SmartAllocation Income Fund - R2 (SAIRX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources

Objective

The Fund seeks to provide total return.

Strategy/Investment process

  • Seeks to provide exposure to a broadly diversified portfolio of U.S. and non-U.S. (including emerging markets) fixed income securities.
  • Gains exposure to fixed income securities primarily by investing in J.P. Morgan Funds and exchange traded funds that are managed by unaffiliated investment advisers.
  • Strategically and tactically allocates the Fund's assets across fixed income sub-asset classes seeking attractive risk-adjusted returns.
Performance basics
  Annualized returns (as of 7/31/2015)
  1 Year 3 Year 5 Year Incept
at NAV 0.98% 1.65% N/A 1.95%
Barclays U.S. Aggregate Index 2.82% 1.60% N/A 2.01%
Lipper Global Income Funds Index -2.56% 1.02% N/A 1.54%
  Annualized returns
(as of 6/30/2015)
  1 Year 3 Year 5 Year Incept
at NAV 0.03% 1.85% N/A 1.85%
Barclays U.S. Aggregate Index 1.86% 1.83% N/A 1.83%
Lipper Global Income Funds Index -3.13% 1.52% N/A 1.52%

Performance Inception Date:6/29/12

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

Lipper Index since inception returns are as of month-end. The performance quoted is past performance and is not a guarantee of future results.

Annual operating expenses (%)
Expense cap expiration date 06/30/2016
Expense cap 1.23%
Total annual operating expenses 5.64%
Fee waivers and/or expense reimbursements 4.41%
Net expenses 1.23%

Net Expenses,Fee waivers and/or expense reimbursements
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Operating Expenses (excluding (1) dividend expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan incurred by the Fund and any underlying fund, and (2) acquired fund fees incurred by an underlying fund) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

Ratings (as of 7/31/2015)
Morningstar overall rating: (223 funds)
Morningstar category: Multisector Bond

Overall rating R2 Shares; Multisector Bond Category; 223 funds. Three year rating 2 stars; 223 funds. Five year period not yet rated; 10 year period not yet rated.

2015, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Different share classes may have different ratings.

The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings.

Minimum investments
Minimum investments Minimum subsequent investments
Regular No Minimum. Regular No Minimum.
IRA No Minimum. IRA No Minimum.
Daily stats (as of 9/01/2015)
NAV YTD
$14.69 -0.04%
$0.02 | 0.14%  
 
NAV as of:
  • Wed
    Jul 22
    2015
    $14.70
     
  • Thu
    Jul 23
    2015
    $14.73
     
  • Fri
    Jul 24
    2015
    $14.72
     
  • Mon
    Jul 27
    2015
    $14.72
     
  • Tue
    Jul 28
    2015
    $14.71
     
  • Wed
    Jul 29
    2015
    $14.71
     
  • Thu
    Jul 30
    2015
    $14.73
     
  • Fri
    Jul 31
    2015
    $14.77
     
  • Mon
    Aug 03
    2015
    $14.79
     
  • Tue
    Aug 04
    2015
    $14.75
     
  • Wed
    Aug 05
    2015
    $14.72
     
  • Thu
    Aug 06
    2015
    $14.73
     
  • Fri
    Aug 07
    2015
    $14.74
     
  • Mon
    Aug 10
    2015
    $14.71
     
  • Tue
    Aug 11
    2015
    $14.75
     
  • Wed
    Aug 12
    2015
    $14.74
     
  • Thu
    Aug 13
    2015
    $14.71
     
  • Fri
    Aug 14
    2015
    $14.71
     
  • Mon
    Aug 17
    2015
    $14.73
     
  • Tue
    Aug 18
    2015
    $14.70
     
  • Wed
    Aug 19
    2015
    $14.73
     
  • Thu
    Aug 20
    2015
    $14.74
     
  • Fri
    Aug 21
    2015
    $14.74
     
  • Mon
    Aug 24
    2015
    $14.72
     
  • Tue
    Aug 25
    2015
    $14.68
     
  • Wed
    Aug 26
    2015
    $14.64
     
  • Thu
    Aug 27
    2015
    $14.68
     
  • Fri
    Aug 28
    2015
    $14.68
     
  • Mon
    Aug 31
    2015
    $14.67
     
  • Tue
    Sep 01
    2015
    $14.69
     
 
52 Week High $15.06
(9/03/2014)
52 Week Low $14.64
(8/26/2015)
YTD Total Return w/Load N/A
Net Asset Class $19,644.39
Net Asset Fund $143,894,405.30

N/A: Not available at this time

Yields
  6/30/2015   7/31/2015
30-Day SEC Yield 2.68% 2.71%
30-Day SEC Yield (Unsubsidized) 1.16% 1.20%
Dividend Yield 0.35% 0.34%

Must be preceded or accompanied by a prospectus

Basics
Ticker SAIRX
CUSIP 46637K703
Share Class Inception Date 06/29/2012
Fund Number 3369
Asset Class Taxable Fixed Income
Cut-off time1 4:00 P.M.

The Fund invests in securities including junk bonds, loans and instruments that are issued by companies that are highly leveraged, less creditworthy or financially distressed. These investments are considered to be speculative and are subject to greater risk of loss, greater sensitivity to interest rate and economic changes, valuation difficulties and potential illiquidity. Such investments are subject to additional risks including, but not limited to, subordination to other creditors, no collateral or limited rights in collateral, lack of a regular trading market, extended settlement periods, liquidity risks, prepayment risks, and lack of publicly available information.

International investing involves special risks, including economic, political, and currency instability - especially in emerging markets. The Fund's investments in emerging markets could lead to more volatility in the value of the Fund's shares. The small size of securities markets and the low trading volume may lead to a lack of liquidity, which leads to increased volatility. Emerging markets may not provide adequate legal protection for private or foreign investment or private property.

The Fund may use futures contracts, swaps, and derivatives in connection with its investment strategies. Derivatives are subject to the risk that changes in the value of a derivative may not correlate perfectly with the underlying asset, rate or index.

1Please refer to the prospectus for additional information about cut-off times.

Total return assumes reinvestment of income.

The Barclays U.S. Aggregate Index is an unmanaged index that represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

The performance of the Lipper Global Income 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.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees and/or reimbursement of certain expenses for certain periods since the inception date. If fees had not been waived and/or certain expenses were not reimbursed, performance would have been less favorable.

©2015, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.