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JTTZX JPMorgan SmartRetirement® 2020 R2

  • Fund
  • JTTZX
  • Price as of: Aug 08, 2016
  • $18.36
  • + $0.01
  • + 0.05%
  • Category
  • Target Retirement Date

JTTZX - Profile

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 5.6%
  • 5 Yr Annualized Return 6.4%
  • Net Assets $6.93 B
  • Holdings in Top 10 74.7%

52 WEEK LOW AND HIGH

$18.36
$17.46
$18.36

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.83%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 8.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2020

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 5.6%
  • 5 Yr Annualized Total Return 6.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.55%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name JPMorgan SmartRetirement® 2020 Fund
  • Fund Family Name JPMorgan
  • Inception Date Nov 03, 2008
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Michael Schoenhaut

JTTZX - Performance

Return Ranking - Trailing

Period JTTZX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.7% -40.4% 17.0% 75.03% 5
1 Yr 1.6% -7.2% 17.3% 43.93% 3
3 Yr 5.6% * 0.4% 8.3% 54.39% 3
5 Yr 6.4% * 1.2% 9.9% 58.55% 3
10 Yr 5.4% * 1.9% 6.7% 26.01% 2

* Annualized


Return Ranking - Calendar

Period JTTZX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.2% -33.1% 1.2% 1.97% 1
2014 N/A 5.0% 5.1% N/A N/A
2013 N/A 20.5% 22.2% N/A N/A
2012 N/A 12.6% 13.1% N/A N/A
2011 N/A -4.7% -4.4% N/A N/A

Total Return Ranking - Trailing

Period JTTZX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.7% -40.4% 17.0% 75.23% 5
1 Yr 1.6% -11.0% 17.3% 37.07% 2
3 Yr 5.6% * -0.9% 8.3% 48.54% 3
5 Yr 6.4% * 0.8% 9.9% 53.70% 3
10 Yr 5.4% * 1.4% 6.7% 24.75% 2

* Annualized


Total Return Ranking - Calendar

Period JTTZX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.2% -33.1% 1.2% 1.97% 1
2014 N/A 5.0% 5.1% N/A N/A
2013 N/A 23.3% 24.9% N/A N/A
2012 N/A 15.9% 16.4% N/A N/A
2011 N/A -2.7% -2.4% N/A N/A

NAV & Total Return History

JTTZX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

JTTZX Category Low Category High JTTZX % Rank Quintile
Net Assets 6.93 B 342 K 31.4 B 1.45% 1
Number of Holdings 27 2 9892 2.28% 2
Net Assets in Top 10 5.1 B 286 K 30.4 B 1.45% 1
Weighting of Top 10 74.7% 2.3% 103.8% 17.13% 4

Top 10 Holdings

  1. JPMorgan Core Bond R6 26.31%
  2. JPMorgan Disciplined Equity R6 10.01%
  3. JPMorgan High Yield R6 5.72%
  4. JPMorgan Growth Advantage R6 4.18%
  5. JPMorgan Value Advantage Instl 4.21%
  6. JPMorgan Corporate Bond R6 7.00%
  7. JPMorgan Intrepid International R6 4.32%
  8. JPMorgan Intrepid America R6 4.25%
  9. JPMorgan International Opps R6 4.33%
  10. JPMorgan International Equity R6 4.34%

Asset Allocation

Weighting Category Low Category High JTTZX % Rank Quintile
Stocks
49.10% 0.34% 97.58% 19.63% 4
Bonds
43.97% -0.13% 101.10% 5.71% 2
Cash
6.29% -32.35% 94.64% 9.09% 2
Other
0.56% -1.71% 47.06% 11.06% 4
Preferred Stocks
0.05% -0.02% 7.79% 2.86% 3
Convertible Bonds
0.04% 0.00% 4.38% 2.75% 2

Stock Sector Breakdown

Weighting Category Low Category High JTTZX % Rank Quintile
Financial Services
8.10% 0.18% 17.43% 14.55% 4
Technology
7.51% 0.02% 21.09% 15.38% 4
Consumer Cyclical
6.40% 0.03% 15.84% 13.66% 4
Healthcare
5.84% 0.04% 17.25% 14.60% 4
Real Estate
4.73% 0.03% 18.29% 5.97% 2
Industrials
4.71% 0.04% 12.08% 15.58% 5
Consumer Defense
4.14% 0.03% 11.41% 14.03% 4
Energy
2.72% 0.07% 7.94% 11.95% 4
Basic Materials
1.99% 0.03% 7.27% 11.22% 4
Communication Services
1.52% 0.04% 5.22% 11.06% 4
Utilities
1.41% 0.00% 8.30% 8.68% 4

Stock Geographic Breakdown

Weighting Category Low Category High JTTZX % Rank Quintile
US
32.37% 0.06% 73.29% 19.31% 4
Non US
16.73% 0.00% 54.00% 17.08% 4

Bond Sector Breakdown

Weighting Category Low Category High JTTZX % Rank Quintile
Corporate
19.16% 0.00% 53.64% 3.74% 1
Securitized
13.86% 0.00% 25.32% 2.65% 1
Government
10.94% -27.29% 90.96% 9.03% 2
Cash & Equivalents
6.28% -46.20% 94.64% 9.61% 2
Municipal
0.04% 0.00% 2.32% 4.47% 4
Derivative
0.00% -30.52% 57.07% 1.61% 3

Bond Geographic Breakdown

Weighting Category Low Category High JTTZX % Rank Quintile
US
38.74% -4.11% 90.96% 5.35% 2
Non US
5.23% 0.00% 25.33% 7.94% 2

JTTZX - Expenses

Operational Fees

JTTZX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.83% 0.00% 70.64% 15.26% 3
Management Fee 0.00% 0.00% 0.92% 2.20% 2
12b-1 Fee 0.50% 0.00% 1.00% 0.61% 4
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

JTTZX Fees (% of AUM) Category Low Category High JTTZX Rank Quintile
Front Load N/A 3.00% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.00% N/A N/A

Trading Fees

JTTZX Fees (% of AUM) Category Low Category High JTTZX Rank Quintile
Max Redemption Fee N/A 2.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JTTZX Fees (% of AUM) Category Low Category High JTTZX Rank Quintile
Turnover 8.00% 0.00% 333.00% 7.89% 1

JTTZX - Distributions

Dividend Yield Analysis

JTTZX Category Low Category High JTTZX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.21% 22.72% 2

Dividend Distribution Analysis

JTTZX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

JTTZX Category Low Category High JTTZX % Rank Quintile
Net Income Ratio 1.55% -0.93% 10.75% 11.37% 3

Capital Gain Distribution Analysis

JTTZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

JTTZX - Managers

Michael Schoenhaut

Manager

Start Date

May 15, 2006

Tenure

10.22

Tenure Rank

0.2%

Michael Schoenhaut, managing director, is a portfolio manager on J.P. Morgan Asset Management& Multi-Asset Solutions team, based in New York. Michael is primarily responsible for portfolio construction, manager selection and the interpretation and implementation of the team&asset allocation views in their multi-asset portfolios. He manages a global suite of multi-asset income funds, the SmartRetirement target date funds, and traditional balanced strategies. In fact, the SmartRetirement team was awarded the 2014 Morningstar U.S. Allocation Fund Manager of the Year for their efforts. An employee since 1997, Michael has held other positions within Multi-Asset Solutions, including portfolio manager for balanced strategies and head of quantitative portfolio management. Michael earned a Bachelors of Science in Operations Research and Industrial Engineering from Cornell University and is a CFA charterholder.


Jeffrey A. Geller

Manager

Start Date

Jul 02, 2008

Tenure

8.08

Tenure Rank

0.6%

Jeffrey Geller, managing director, is a Chief Investment Officer of Multi-Asset Solutions, where he is responsible for investment oversight of all mandates managed in New York. This includes providing oversight with respect to manager and strategy suitability and fit and ensuring that the team’s asset allocation views are reflected appropriately across a diverse set of mandates. Jeff is also a portfolio manager for less constrained multi-asset class portfolios as well as portfolios with alternatives exposure. Before joining the Firm in 2006, Jeff was director of Hedge Fund Investments at Russell Investment Group and served as chairman of the firm’s hedge fund investment committee. Prior to that, he was a senior partner at Credit Suisse Asset Management’s BEA Associates unit where he had responsibility for managing equity, currency overlay and relative value arbitrage strategies. Jeff earned a Bachelor of Arts in government from Clark University and an M.B.A. in finance from the University of Chicago Graduate School of Business. He is a CFA charterholder and is Series 24, 7, and 63 licensed.


Daniel Oldroyd

Manager

Start Date

Nov 01, 2010

Tenure

5.75

Tenure Rank

1.1%

Daniel Oldroyd, CFA, CAIA, Managing Director, is a portfolio manager for the Global Multi-Asset Group, focusing on the JPMorgan SmartRetirement target-date funds. An employee since 2000, he has held several positions including that of investment strategist for JPMorgan Retirement Plan Services responsible for communicating investment management information to Retirement Plan Services' clients and providing ongoing monitoring of plan's investment options. Prior to this, he was responsible for manager research of nonproprietary investment managers for JPMorgan Retirement Plan Services. Dan holds a B.S. with honors in finance and international business from Georgetown University. Dan is a CFA and CAIA charterholder, holds NASD Series 7 and 63 licenses, and is a member of NYSSA, The CFA Institute, and the CAIA Association.


Eric J. Bernbaum

Manager

Start Date

Nov 01, 2014

Tenure

1.75

Tenure Rank

2.1%

Mr. Bernbaum, Vice President and CFA charterholder, has been an employee of JPMIM and GIM Solutions — GMAG since 2008.


Anne Lester

Manager

Start Date

May 15, 2006

Tenure

10.22

Tenure Rank

0.2%

Anne Lester, Managing Director, is a senior portfolio manager with JPMorgan Asset Management's Global Multi-Asset Group (GMAG). Since joining GMAG in 2000, Anne has been responsible for the JPMorgan's defined contribution asset allocation products . She is also the portfolio manager for a number of defined benefit plans. Anne joined the firm in 1992 as a fixed income and currency trader and portfolio manager in the firm’s Milan office, and relocated to the New York office in 1997. 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. Anne holds an A.B. in politics from Princeton University and an M.A. in international economics and Japan studies from the Johns Hopkins University School for Advanced International Studies.


Tenure Analysis

Category Low

0.0

Category High

13.8

Category Average

4.96

Category Mode

1.6