401(k) Specialist Issue 1 - 2018 - 1

SMARTRETIREMENT'S OPTIMAL GLIDEPATH
We run over 250,000 simulations to ensure our glidepath is positioned to endure a range of market
cycles and participant behaviors.
+
25
GLIDEPATHS
10K
SIMULATIONS
+
250K
TOTAL SCENARIOS
=
1
OPTIMAL GLIDEPATH
THE RESULTS SPEAK FOR THEMSELVES
8 out of 8
THE ONLY
SmartRetirement
vintages ranked
TOP DECILE
over the trailing
10-year period1
target date portfolio
team named a winner
and three time nominee
of the Morningstar
Allocation Fund Manager
of the Year2
Morningstar
Analyst rating
GOLD
as of 2/1/183
6 out of 9
SmartRetirement Blend
vintages ranked
TOP QUARTILE
over the trailing
3-year period4
1
Source: Morningstar; as of 12/31/17. Based on percentile rankings for the R6 share class of each vintage in JPMorgan SmartRetirement Funds series with a 10-year track record versus their relevant
Morningstar target date category. Different share classes may have different rankings. Rankings do not take sales load into account. Excludes the SmartRetirement 2055 and 2060 Funds which are not
yet ranked for the 10-year period.
2
Morningstar® Awards 2014. Morningstar, Inc. All rights reserved. The 2014 U.S. Allocation Fund Manager of the Year was awarded to the SmartRetirement team for the management of the
JPMorgan SmartRetirement Target Date Series (Institutional shares). Subsequent winners in the Allocation category were not target date funds. In 2015, Michael Reckmeyer and John Keogh won
in the Allocation category for Vanguard Wellesley Income Fund. In 2016, the Equity and Fixed Income Investment Policy Committees won the Allocation and Alternatives (combined) category
for Dodge & Cox Balanced Fund. Nominations in Morningstar's Allocation or Allocation/Alternatives categories were announced in 2012, 2014 and 2017.
3 Source: Morningstar. Analyst rating as of 2/1/18 applies to the actively-managed SmartRetirement Funds.
4
Source: Morningstar; as of 12/31/17. Based on percentile rankings for the R6 share class of each vintage in JPMorgan SmartRetirement Blend Funds series with a 3-year track record versus their
relevant Morningstar target date category. Different share classes may have different rankings. Rankings do not take sales load into account. Excludes the SmartRetirement 2060 Blend Fund
which launched 8/31/16.
Contact J.P. Morgan Funds Advisor Service Center at 1-800-338-4345 or visit jpmorganfunds.com for a fund prospectus.
Investors should carefully consider the investment objectives and risks as well as charges and expenses of the mutual fund
before investing. The prospectus contains this and other information about the mutual fund. Read the prospectus
carefully before investing.
The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the manager research analysts of Morningstar. Morningstar evaluates funds based on five
key pillars: process, performance, people, parent and price. Analysts use this five-pillar evaluation to determine how they believe funds are likely to perform over the long term on a risk-adjusted
basis. They consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, Negative. A Morningstar
Analyst Rating of Gold, Silver or Bronze reflects an Analyst's conviction in a fund's prospects for outperformance. Analyst Ratings are continuously monitored and reevaluated at least every 14
months. For more detailed information about Morningstar's Analyst Rating, including its methodology, please go to http://corporate1.morningstar.com/AnalystRating/The Morningstar Analyst
Rating should not be used as the sole basis in evaluating a mutual fund. Morningstar Analyst Ratings involve unknown risks and uncertainties that may cause Morningstar's expectations not to occur
or to differ significantly from what we expected.
TARGET DATE FUNDS. Target date funds are funds with the target date being the approximate date when investors plan to start withdrawing their money. Generally, the asset allocation of each fund
will change on an annual basis with the asset allocation becoming more conservative as the fund nears the target retirement date. The principal value of the fund(s) is not guaranteed at any time,
including at the target date.
J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services
to the funds. JPMorgan Distribution Services Inc. is a member of FINRA/SIPC.
J.P. Morgan Asset Management is the marketing name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.
© JPMorgan Chase & Co., February 2018
FOR INSTITUTIONAL USE ONLY | NOT FOR PUBLIC DISTRIBUTION

http://www.jpmorganfunds.com http://corporate1.morningstar.com/AnalystRating/The

401(k) Specialist Issue 1 - 2018

Table of Contents for the Digital Edition of 401(k) Specialist Issue 1 - 2018