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JPMorgan SmartAllocation Equity Fund - R6 (JSARX)

JPMorgan SmartAllocation Equity Fund - R6 (JSARX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources

Objective

The Fund seeks to provide long-term capital appreciation.

Strategy/Investment process

  • Seeks to provide exposure to a broadly diversified portfolio of equity securities of U.S. and non-U.S. companies (including companies in emerging markets) across all market capitalization ranges.
  • Gains exposure to equity 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 equity sub-asset classes seeking attractive risk-adjusted returns.
Performance basics
  Annualized returns (as of 3/31/2014)
  1 Year 3 Year 5 Year Incept
at NAV 17.42% N/A N/A 19.12%
MSCI World Index (net of foreign withholding taxes) 19.07% N/A N/A 21.34%
S&P 500 Index 21.86% N/A N/A 22.58%
Lipper Global Multi-Cap Core Funds Index 18.01% N/A N/A 21.64%

Performance Inception Date:7/2/12

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.

Returns are calculated starting from the month end previous to the performance inception date. The performance quoted is past performance and is not a guarantee of future results.

Annual operating expenses (%)
Expense cap expiration date 10/31/2014
Expense cap 0.63%
Total annual operating expenses 18.87%
Fee waivers and/or expense reimbursements 18.24%
Net expenses 0.63%

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.

Minimum investments
Minimum investments Minimum subsequent investments
Regular $15M Regular No Minimum.
IRA $15M IRA No Minimum.
Daily stats (as of 4/22/2014)
NAV YTD
$20.06 1.67%
$0.10 | 0.50%  
 
NAV as of:
  • Wed
    Mar 12
    2014
    $19.81
     
  • Thu
    Mar 13
    2014
    $19.54
     
  • Fri
    Mar 14
    2014
    $19.52
     
  • Mon
    Mar 17
    2014
    $19.72
     
  • Tue
    Mar 18
    2014
    $19.87
     
  • Wed
    Mar 19
    2014
    $19.70
     
  • Thu
    Mar 20
    2014
    $19.75
     
  • Fri
    Mar 21
    2014
    $19.70
     
  • Mon
    Mar 24
    2014
    $19.64
     
  • Tue
    Mar 25
    2014
    $19.76
     
  • Wed
    Mar 26
    2014
    $19.65
     
  • Thu
    Mar 27
    2014
    $19.68
     
  • Fri
    Mar 28
    2014
    $19.79
     
  • Mon
    Mar 31
    2014
    $19.96
     
  • Tue
    Apr 01
    2014
    $20.14
     
  • Wed
    Apr 02
    2014
    $20.19
     
  • Thu
    Apr 03
    2014
    $20.12
     
  • Fri
    Apr 04
    2014
    $19.92
     
  • Mon
    Apr 07
    2014
    $19.75
     
  • Tue
    Apr 08
    2014
    $19.83
     
  • Wed
    Apr 09
    2014
    $20.06
     
  • Thu
    Apr 10
    2014
    $19.66
     
  • Fri
    Apr 11
    2014
    $19.50
     
  • Mon
    Apr 14
    2014
    $19.61
     
  • Tue
    Apr 15
    2014
    $19.64
     
  • Wed
    Apr 16
    2014
    $19.85
     
  • Thu
    Apr 17
    2014
    $19.92
     
  • Mon
    Apr 21
    2014
    $19.96
     
 
52 Week High $20.19
(4/02/2014)
52 Week Low $16.79
(6/24/2013)
YTD Total Return w/Load N/A
Net Asset Class $38,842,690.34
Net Asset Fund $40,660,558.06

N/A: Not available at this time

Basics
Ticker JSARX
CUSIP 46637K307
Share Class Inception Date 07/02/2012
Fund Number 3365
Asset Class International Equity
Cut-off time1 4:00 P.M.

Certain Underlying Funds are highly concentrated in real estate securities including REITs. These securities are subject to the same risks as direct investments in real estate and mortgages, and their value will depend on the value of the underlying real estate interests. These risks include default, prepayments, changes in value resulting from changes in interest rates and demand for real and rental property, and the management skill and creditworthiness of REIT issuers. The Underlying Funds will indirectly bear their proportionate share of expenses, including management fees, paid by each REIT in which they invest in addition to the expenses of the Underlying Funds.

The price of equity securities may rise or fall because of changes in the broad market 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 Fund's portfolio or the securities market as a whole, such as changes in economic or political conditions. Equity securities are subject to "stock market risk," meaning that stock prices in general (or in particular, the prices of the types of securities in which a fund invests) may decline over short or extended periods of time. When the value of a Fund's securities goes down, an investment in a Fund decreases in value.

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.

The MSCI World Index (net of foreign withholding taxes) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. 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. Total return figures assume the reinvestment of dividends. The dividend is reinvested after deduction of withholding tax, applying the maximum rate to nonresident individual investors who do not benefit from double taxation treaties. An individual cannot invest directly in an index.

The S&P 500 Index is an unmanaged index generally representative of the performance of large companies in the U.S. stock market. Index levels are in total return USD. The performance of the index does not reflect the deduction of expenses associated with a fund, such as 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 Multi-Cap Core 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 for certain periods since the inception date. If fees had not been waived, performance would have been less favorable.

©2014, 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.