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JPMorgan SmartRetirement ® Income Fund - R2 (JSIZX)

JPMorgan SmartRetirement ® Income Fund - R2 (JSIZX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Jeff Geller
Jeffrey Geller| Managing Director Biography

Jeffrey Geller is the Chief Investment Officer of the U.S. Global Multi-Asset Group. As head of the New York team, he has investment oversight responsibility for all accounts managed by the group and is leading the initiative to develop a multi-asset class, absolute return vehicle. Before joining JPMorgan in 2006, Jeff was director of Hedge Fund Investments at Russell Investment Group, where he served as chairman of Russell's hedge fund investment committee. Prior to that, Jeff was a senior partner at BEA Associates (Credit Suisse Asset Management).

  • B.A., Government, Clark University
  • M.B.A., Finance, University of Chicago Graduate School of Business
  • Industry Experience, 37 Years
  • Firm Experience, 9 Years
  • Fund Experience, 7 Years
Other funds managed by Jeffrey Geller:
Anne Lester
Anne Lester| Managing Director Biography

Anne Lester joined the firm in 1992. She is a senior portfolio manager in the Global Multi-Asset Group, where she is responsible for the firm's DC asset allocation products including the SmartRetirement target-date funds. She is also the portfolio manager for a number of defined benefit plans. Prior to joining the firm, Anne was awarded a Fulbright Scholarship in 1990 and spent over a year in Tokyo, working for a member of the Japanese Parliament. Previously, she worked for the Senate Governmental Affairs Committee.

  • B.A., Politics, Princeton University
  • M.A., International Economics and Japan Studies, Johns Hopkins University School for Advanced International Studies
  • Industry Experience, 23 Years
  • Firm Experience, 23 Years
  • Fund Experience, 9 Years
Other funds managed by Anne Lester:
Michael Schoenhaut
Michael Schoenhaut| Managing Director Biography

Michael Schoenhaut, managing director, is head of portfolio construction for the Global Multi-Asset Group ("GMAG") in the US. He is a member of the Investment Committee of the US GMAG and focuses on portfolio construction, manager analysis and tactical asset allocation. An employee since 1997, Michael is a portfolio manager for income strategies, target date strategies, and balanced strategies. Michael obtained a BS in Operations Research and Industrial Engineering from Cornell University and is a CFA charterholder.

  • B.S., Industrial Engineering, Cornell University
  • Industry Experience, 18 Years
  • Firm Experience, 18 Years
  • Fund Experience, 9 Years
Other funds managed by Michael Schoenhaut:
Dan Oldroyd
Daniel Oldroyd| Managing Director Biography

Daniel Oldroyd, vice president,is a portfolio manager for the Global Multi-Asset Group, based in New York, focusing on the J.P. Morgan SmartRetirement target-date funds. An employee since 2000, he has held several positions including investment strategist for J.P. Morgan Retirement Plan Services, responsible for communicating investment management information to Retirement Plan Services' clients and providing ongoing monitoring of the plan's investment options. Prior to this, he was responsible for manager research of non-proprietary investment managers for J.P. Morgan Retirement Plan Services. Dan obtained a B.S. with honors in finance and international business from Georgetown University. Dan is a CFA charterholder, holds FINRA Series 7 and 63 licenses, and is a member of NYSSA and The CFA Institute.

  • Industry Experience, 16 Years
  • Firm Experience, 15 Years
  • Fund Experience, 5 Years
Other funds managed by Daniel Oldroyd:
Eric Bernbaum
Eric Bernbaum| CFA, vice president Biography

Eric Bernbaum, CFA, vice president, is a portfolio manager in IMS-GMAG, based in New York. An employee since 2008, Eric focuses on manager research, portfolio construction, and the implementation of tactical asset allocation strategy across IMS-GMAG’s accounts. Eric obtained a B.S. in Applied Economics and Management from Cornell University. He is also a CFA charterholder.

  • Industry Experience, 7 Years
  • Firm Experience, 7 Years
  • Fund Experience, 1 Year
Other funds managed by Eric Bernbaum:

The Fund is not a complete retirement program and there is no guarantee that the Fund will provide sufficient retirement income to an investor.

The JPMorgan SmartRetirement Funds are target date 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.

To achieve its strategy, the Fund may invest in other underlying collective trust funds and exchange-traded funds, so the Fund's investment performance is directly related to the performance of the underlying funds. The investment objective of an underlying funds may differ from, and an underlying funds may have different risks than, the Fund. There is no assurance that the underlying funds will achieve their investment objectives. 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. The Fund may invest in securities that are below investment grade (i.e., "high yield" or "junk bonds") that are generally rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors 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.

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

Real estate investing may be subject to a higher degree of market risk because of concentration in a specific industry, sector or geographical sector. Real estate investing 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.

The underlying funds may use derivatives, which are instruments that have a value based on another instrument, exchange rate or index. In addition, the Fund may invest directly in derivatives. Derivatives may be riskier than other types of investments because they may be more sensitive to changes in economic and market conditions and could result in losses that significantly exceed the Fund's or the underlying Funds' original investments. Many derivatives will give rise to a form of leverage. As a result, the Fund or an underlying fund may be more volatile than if the Fund or the underlying Fund had not been leveraged because the leverage tends to exaggerate the effect of any increase or decrease in the value of the Fund's or the underlying Fund's portfolio securities. Derivatives are also subject to the risk that changes in the value of a derivative may not correlate perfectly with the underlying asset, rate or index. The use of derivatives for hedging or risk management purposes or to increase income or gain may not be successful, resulting in losses, and the cost of such strategies may reduce the Fund's or the underlying funds' returns. Derivatives also expose the Fund or the underlying funds to the credit risk of the derivative counterparty.

Asset allocation/diversification does not guarantee investment returns and does not eliminate the risk of loss.

On 6-20-14, the JPMorgan SmartRetirement 2010 Fund merged with and into the JPMorgan SmartRetirement Income Fund.

Total return assumes reinvestment of income.