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JTTZX JPMorgan SmartRetirement® 2020 R2

  • Fund
  • JTTZX
  • Price as of: Sep 17, 2019
  • $19.41 + $0.05 + 0.26%

JTTZX - Profile

Vitals

  • YTD Return 10.9%
  • 3 Yr Annualized Return 2.2%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $5.55 B
  • Holdings in Top 10 75.0%

52 WEEK LOW AND HIGH

$19.41
$17.36
$19.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.77%

SALES FEES

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

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 10.9%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.08%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name JPMorgan SmartRetirement® 2020 Fund
  • Fund Family Name JPMorgan
  • Inception Date Nov 03, 2008
  • Shares Outstanding 11945604
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Anne Lester

JTTZX - Performance

Return Ranking - Trailing

Period JTTZX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.9% -0.8% 20.2% 75.46%
1 Yr -0.9% -22.1% 5.8% 33.65%
3 Yr 2.2%* -18.1% 9.1% 52.09%
5 Yr 0.8%* -11.7% 5.1% 30.84%
10 Yr 3.9%* -3.6% 6.1% 26.17%

* Annualized


Return Ranking - Calendar

Period JTTZX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.0% -30.8% -0.6% 28.03%
2017 9.2% -36.9% 19.9% 63.86%
2016 2.8% -5.2% 8.2% 65.28%
2015 -4.1% -25.3% -1.4% 27.38%
2014 2.5% -12.7% 6.9% 36.41%

Total Return Ranking - Trailing

Period JTTZX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.9% -0.8% 20.2% 75.46%
1 Yr 3.7% -22.1% 7.9% 29.13%
3 Yr 5.9%* -18.1% 11.0% 48.18%
5 Yr 4.3%* -11.7% 7.4% 46.58%
10 Yr 7.0%* -3.6% 9.7% 45.93%

* Annualized


Total Return Ranking - Calendar

Period JTTZX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.3% -25.4% 1.3% 20.25%
2017 13.3% -36.9% 23.3% 59.04%
2016 5.3% -3.2% 12.3% 65.80%
2015 -1.2% -25.3% 3.9% 28.93%
2014 6.4% -8.5% 8.9% 20.88%

NAV & Total Return History

JTTZX - Holdings

Concentration Analysis

JTTZX Category Low Category High JTTZX % Rank
Net Assets 5.55 B 98.1 K 32.2 B 4.77%
Number of Holdings 29 3 489 16.89%
Net Assets in Top 10 4.27 B 20.6 K 23.5 B 6.52%
Weighting of Top 10 74.96% 25.2% 103.0% 65.31%

Top 10 Holdings

  1. JPMorgan Core Bond R6 27.45%

  2. JPMorgan Core Plus Bond R6 10.77%

  3. JPMorgan High Yield R6 8.01%

  4. JPMorgan US Equity R6 6.25%

  5. JPMorgan US Research Enhanced Equity R6 4.99%

  6. JPMorgan International Equity R6 4.44%

  7. JPMorgan Inflation Managed Bond R6 3.78%

  8. JPMorgan International Advantage R6 3.75%

  9. JPMorgan International Rsrch Enh Eq R6 2.88%

  10. JPMorgan Value Advantage R6 2.65%


Asset Allocation

Weighting Return Low Return High JTTZX % Rank
Bonds
57.78% -156.19% 74.85% 5.82%
Stocks
37.61% 0.00% 94.44% 86.69%
Cash
4.07% -10.09% 187.11% 51.79%
Convertible Bonds
0.54% 0.00% 3.46% 9.53%
Preferred Stocks
0.01% 0.00% 0.73% 57.53%
Other
0.00% -0.13% 13.39% 89.00%

Stock Sector Breakdown

Weighting Return Low Return High JTTZX % Rank
Financial Services
7.15% 3.45% 19.06% 80.14%
Technology
6.13% 2.72% 18.51% 88.21%
Consumer Cyclical
4.81% 2.04% 12.22% 82.67%
Industrials
4.07% 0.55% 11.80% 87.51%
Healthcare
3.95% 1.80% 11.96% 90.81%
Real Estate
3.32% 0.46% 10.25% 50.32%
Consumer Defense
2.64% 1.11% 14.82% 91.02%
Energy
1.87% 0.56% 5.43% 85.54%
Basic Materials
1.49% 0.20% 5.03% 88.21%
Utilities
1.16% 0.03% 4.25% 84.00%
Communication Services
0.95% 0.33% 3.73% 92.35%

Stock Geographic Breakdown

Weighting Return Low Return High JTTZX % Rank
US
23.61% 0.00% 64.57% 87.53%
Non US
14.00% 0.00% 42.22% 81.50%

Bond Sector Breakdown

Weighting Return Low Return High JTTZX % Rank
Corporate
21.90% 1.25% 39.64% 6.17%
Securitized
19.73% 0.00% 29.97% 2.59%
Government
16.56% -2.84% 37.62% 30.27%
Cash & Equivalents
4.10% -13.40% 187.10% 48.21%
Municipal
0.10% 0.00% 1.57% 44.29%
Derivative
0.00% -170.75% 16.06% 29.64%

Bond Geographic Breakdown

Weighting Return Low Return High JTTZX % Rank
US
49.70% -189.52% 69.15% 8.83%
Non US
8.08% 0.00% 33.33% 13.03%

JTTZX - Expenses

Operational Fees

JTTZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.00% 122.38% 32.99%
Management Fee 0.00% 0.00% 1.02% 4.27%
12b-1 Fee 0.50% 0.00% 1.00% 75.14%
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

JTTZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

JTTZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 200.00% 46.65%

JTTZX - Distributions

Dividend Yield Analysis

JTTZX Category Low Category High JTTZX % Rank
Dividend Yield 1.53% 0.00% 3.94% 46.81%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

JTTZX Category Low Category High JTTZX % Rank
Net Income Ratio 2.08% -1.78% 6.29% 37.94%

Capital Gain Distribution Analysis

JTTZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

JTTZX - Managers

Anne Lester

Manager

Start Date

Tenure

Tenure Rank

May 15, 2006

13.3

13.3%

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.


Jeffrey A. Geller

Manager

Start Date

Tenure

Tenure Rank

Jul 02, 2008

11.17

11.2%

Jeffrey Geller, CFA, 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

Tenure

Tenure Rank

Nov 01, 2010

8.84

8.8%

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.


Silvia Trillo

Manager

Start Date

Tenure

Tenure Rank

Feb 12, 2019

0.55

0.6%

Ms. Trillo, Managing Director, has been an employee of J.P. Morgan Investment Management Inc. and a member of Multi-Asset Solutions since 2011 and a portfolio manager of the Fund since 2019.


Tenure Analysis

Category Low

0.04

Category High

14.84

Category Average

4.73

Category Mode

1.0