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JPMorgan Systematic Alpha Fund - Select (SSALX)

JPMorgan Systematic Alpha Fund - Select (SSALX)
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

  • The Fund seeks to achieve its investment objective by employing alternative investment strategies to access certain return factors.
  • The return factors include equity based return factors, fixed income based return factors, convertible bond based return factors, currency based return factors and commodity based return factors.
  • The alternative investment strategies the Fund may employ include equity market neutral, event driven, convertible arbitrage and macro based strategies.
Performance basics
  Annualized returns (as of 7/31/2015)
  1 Year 3 Year 5 Year Incept
at NAV 0.91% N/A N/A 3.54%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.01% N/A N/A 0.05%
  Annualized returns
(as of 6/30/2015)
  1 Year 3 Year 5 Year Incept
at NAV 0.31% N/A N/A 3.43%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.02% N/A N/A 0.05%

Performance Inception Date:2/12/13

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.

Annual operating expenses (%)
Expense cap expiration date 02/29/2016
Expense cap 1.00%
Total annual operating expenses 3.06%
Fee waivers and/or expense reimbursements 1.90%
Net expenses 1.16%

Net Expenses,Fee waivers and/or expense reimbursements,Fee waivers and/or expense reimbursements,Net Expenses
The Investment Advisor has agreed to waive the advisory fee that it receives from the Fund in an amount equal to the advisory fee paid by the subsidiary to its adviser. This waiver will continue in effect so long as the Fund invests in the subsidiary and may not be terminated without approval by the Fund's Board.

Net Expenses,Fee waivers and/or expense reimbursements,Fee waivers and/or expense reimbursements,Net Expenses
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses, inclusive of the subsidiary, (excluding Acquired Fund Fees and Expenses, dividend expenses relating 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) 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 $1M Regular No Minimum.
IRA $1M IRA No Minimum.
Daily stats (as of 8/31/2015)
NAV YTD
$14.93 -0.73%
$0.01 | -0.07%  
 
NAV as of:
  • Wed
    Jul 22
    2015
    $14.95
     
  • Thu
    Jul 23
    2015
    $14.92
     
  • Fri
    Jul 24
    2015
    $14.88
     
  • Mon
    Jul 27
    2015
    $14.89
     
  • Tue
    Jul 28
    2015
    $14.90
     
  • Wed
    Jul 29
    2015
    $14.95
     
  • Thu
    Jul 30
    2015
    $14.93
     
  • Fri
    Jul 31
    2015
    $14.96
     
  • Mon
    Aug 03
    2015
    $15.00
     
  • Tue
    Aug 04
    2015
    $15.01
     
  • Wed
    Aug 05
    2015
    $15.06
     
  • Thu
    Aug 06
    2015
    $15.04
     
  • Fri
    Aug 07
    2015
    $15.03
     
  • Mon
    Aug 10
    2015
    $14.99
     
  • Tue
    Aug 11
    2015
    $15.00
     
  • Wed
    Aug 12
    2015
    $14.93
     
  • Thu
    Aug 13
    2015
    $14.99
     
  • Fri
    Aug 14
    2015
    $14.99
     
  • Mon
    Aug 17
    2015
    $15.01
     
  • Tue
    Aug 18
    2015
    $15.00
     
  • Wed
    Aug 19
    2015
    $15.00
     
  • Thu
    Aug 20
    2015
    $14.98
     
  • Fri
    Aug 21
    2015
    $14.92
     
  • Mon
    Aug 24
    2015
    $14.89
     
  • Tue
    Aug 25
    2015
    $14.95
     
  • Wed
    Aug 26
    2015
    $15.04
     
  • Thu
    Aug 27
    2015
    $14.99
     
  • Fri
    Aug 28
    2015
    $14.94
     
  • Mon
    Aug 31
    2015
    $14.93
     
 
52 Week High $15.34
(12/04/2014)
52 Week Low $14.87
(4/29/2015)
Net Asset Class $254,680,183.15
Net Asset Fund $312,902,967.15
Basics
Ticker SSALX
CUSIP 46637K596
Share Class Inception Date 02/12/2013
Fund Number 2993
Asset Class Specialty
Cut-off time1 4:00 P.M.

The Fund will employ various alternative investment strategies that involve the use of complicated investment techniques. There is no guarantee that these strategies will succeed and their use may subject the Fund to greater volatility and loss.

As part of the Fund's strategy, the Fund may engage in short selling. Short selling involves certain risks, including additional costs associated with covering short positions and a possibility of unlimited loss on certain short sale positions. Investment in a portfolio involved in long and short selling may have higher portfolio turnover rates. This will likely result in additional tax consequences.

The Fund may invest in futures contracts and derivatives. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.

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

Total return assumes reinvestment of income.

The BofA Merrill Lynch 3-Month U.S. Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. Each month the index is rebalanced and the issue selected is the outstanding Treasury Bill that matures closest to, but not beyond 3 months from the rebalancing date. 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.

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.