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JPMorgan 529 Conservative Age-Based Portfolio - Advisor (No Ticker)


  • The Portfolio invests in a combination of equity, fixed income and money market Underlying Funds in order to seek capital appreciation and income.
  • The Portfolio seeks conservative growth by investing in an asset allocation weighted toward fixed income investments over equity investments.
  • The Portfolio is expected to be subject to less market risk and volatility than each of the other Age-Based and Asset Allocation Portfolios, other than the JPMorgan 529 College Age-Based and Asset Allocation Portfolios and the JPMorgan 529 All Fixed Income Portfolio, but is expected to offer lower potential returns than the other Age-Based and Asset Allocation Portfolios, other than the Portfolios who invest more heavily in fixed income and money market instruments.
  • The Portfolio has a strategic allocation of approximately 33% equity securities, 57% fixed income securities and 10% money market securities.

Performance basics

  Annualized returns (as of 7/31/2015)
  1 Year 3 Year 5 Year Incept
at NAV 2.92% 5.98% N/A 5.79%
MSCI World Index (net of foreign withholding taxes) 4.92% 14.46% N/A 13.12%
Barclays U.S. Aggregate Index 2.82% 1.60% N/A 4.46%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.01% 0.06% N/A 0.06%
  Annualized returns
(as of 6/30/2015)
  1 Year 3 Year 5 Year Incept
at NAV 1.02% 6.05% N/A 5.64%
MSCI World Index (net of foreign withholding taxes) 1.43% 14.27% N/A 12.85%
Barclays U.S. Aggregate Index 1.86% 1.83% N/A 4.35%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.02% 0.06% N/A 0.07%

Performance Inception Date:5/4/12

Performance data represents past performance; that past performance does not guarantee future results; that the investment return and the value of the investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original costs; and that current performance may be lower or higher than the performance data quoted.

Annual operating expenses (%)
Expense Ratio 0.70%

Minimum investments

Minimum investments Minimum subsequent investments
No Minimum. No Minimum.

Daily stats (as of 8/28/2015)

$11.72 -0.59%
$0.00 | 0.00%  
52 Week Highˆ $12.15
52 Week Lowˆ $11.49
Net Asset Class $2,965,866.63
Net Asset Portfolio $421,588,753.04


CUSIP 64981A635
Class Inception Date 05/04/2012
Portfolio Number 5728
Asset Class Asset Allocation
Cut-off time1 4:00 P.M.

The Underlying Fund is subject to management risk and may not achieve its objective if the adviser's expectations regarding particular securities or markets are not met.

Certain Underlying Funds invest in equity securities (such as stocks) that are more volatile and carry more risks than some other forms of investment. The price of equity securities may rise or fall because of economic or political changes or changes in a company's financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Underlying Fund's portfolio or the securities market as a whole, such as changes in economic or political conditions. When the value of the Underlying Fund's securities goes down, the Portfolio's investment in the Underlying Fund decreases in value.

Underlying Funds that invest in foreign currencies and foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, currency fluctuations, higher transaction costs, delayed settlement, possible foreign controls on investment, expropriation and nationalization risks, and less stringent investor protection and disclosure standards of foreign markets. These risks are magnified in countries in "emerging markets."

The Underlying Funds may use derivatives. Derivatives may be riskier than other investments because they may be more sensitive to changes in economic and market conditions and could result in losses that significantly exceed the original investment. Many derivatives create leverage thereby causing the Portfolio or Underlying Fund to be more volatile than it would be if it had not used derivatives. Derivatives also expose the Portfolio and Underlying Funds to counterparty risk (the risk that the derivative counterparty will not fulfill its contractual obligation), including credit risk of the derivative counterparty.

An Underlying Fund's investments in bonds and other debt securities will change in value based on changes in interest rates. If rates rise, the value of these investments generally drops.

Certain Underlying Funds' investments are subject to the risk that a counterparty will fail to make payments when due or default completely. If an issuer's financial condition worsens, the credit quality of the issuer may deteriorate making it difficult for the Underlying Fund to sell such investments.

Certain Underlying Funds invest in securities issued or guaranteed by the U.S. government or its agencies and instrumentalities (such as the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae), or the Federal Home Loan Mortgage Corporation (Freddie Mac) securities). Unlike Ginnie Mae securities, securities issued or guaranteed by U.S. government-related organizations such as Fannie Mae and Freddie Mac are not backed by the full faith and credit of the U.S. government and no assurance can be given that the U.S. government would provide financial support. Therefore, U.S. government-related organizations such as Fannie Mae or Freddie Mac may not have the funds to meet their payment obligations in the future.

Some of the Underlying Funds invest in securities and instruments that are issued by companies that are highly leveraged, less creditworthy or financially distressed. These investments (known as junk bonds) 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.

Certain Underlying Funds may invest in asset-backed, mortgage-related and mortgage-backed securities including so-called "sub-prime" mortgages that are subject to certain other risks including prepayment and call risks. When mortgages and other obligations are prepaid and when securities are called, the Underlying Fund may have to reinvest in securities with a lower yield or fail to recover additional amounts (i.e., premiums) paid for securities with higher interest rates, resulting in an unexpected capital loss and/or a decrease in the amount of dividends and yield. In periods of rising interest rates, the Underlying Fund may be subject to extension risk, and may receive principal later than expected. As a result, in periods of rising interest rates, the Underlying Fund may exhibit additional volatility. During periods of difficult or frozen credit markets, significant changes in interest rates, or deteriorating economic conditions, such securities may decline in value, face valuation difficulties, become more volatile and/or become illiquid. Collateralized mortgage obligations (CMOs) and stripped mortgage-backed securities, including those structured as IOs and POs, are more volatile and may be more sensitive to the rate of prepayments than other mortgage-related securities. An Underlying Fund will be exposed to additional risk to the extent that it uses inverse floaters and inverse IOs, which are debt securities with interest rates that reset in the opposite direction from the market rate to which the security is indexed. These securities are more volatile and more sensitive to interest rate changes than other types of debt securities. If interest rates move in a manner not anticipated by the adviser, the Underlying Fund could lose all or substantially all of its investment in inverse IOs.

The Underlying Funds are managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, such Underlying Funds may hold constituent securities of their index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Underlying Fund's return to be lower than if the Underlying Fund employed an active strategy.

There is no assurance that the JPMorgan Prime Money Market Fund will meet its investment objective of maintaining a net asset value of $1.00 per share on a continuous basis. Furthermore, there can be no assurance that the Fund's affiliates will purchase distressed assets from the Fund, make capital infusions, enter into capital support agreements or take other actions to ensure that the Fund maintains a net asset value of $1.00 per share. In the event any money market fund fails to maintain a stable net asset value, other money market funds, including the Fund, could face a universal risk of increased redemption pressures, potentially jeopardizing the stability of their net asset values. In general, certain other money market funds have in the past failed to maintain stable net asset values and there can be no assurance that such failures and resulting redemption pressures will not occur in the future.

Because the JPMorgan Prime Money Market Fund will invest a significant portion of its assets in securities of companies in the banking industry, developments affecting the banking industry will have a disproportionate impact on the Fund. These risks generally include interest rate risk, credit risk and risk associated with regulatory changes in the banking industry. The profitability of banks depends largely on the availability and cost of funds, which can change depending on economic conditions.

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

The expense ratio is an estimate of the asset-based expenses for the Portfolio and includes estimated underlying fund expenses, the program management fee and any applicable distribution and service fee. Please see the expense tables in the Disclosure Booklet for more information.

Total return assumes reinvestment of income.

Total return assumes reinvestment of dividends and capital gains distributions from the Underlying Funds and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Underlying Fund's advisory or administrative fees for certain periods since the inception date. If fees had not been waived, 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.