Fund Description

Incepted in September 1993, the fund is managed by J.P. Morgan Investment Management Inc. The fund seeks to provide a high total return from a diversified portfolio of stocks and bonds. The fund's adviser allocates assets among various types of stock and bond investments, based on a model allocation. As per the model allocation, 52% of the assets are invested in medium- and large-cap U.S. stocks, 35% of the assets are invested in U.S. and foreign bonds, 10% of the assets are invested in foreign stocks and 3% of the assets are invested in small-cap U.S. stocks. The adviser may periodically increase or decrease the fund's actual asset allocation according to the relative attractiveness of each asset class. The fund employs a global network of analysts to capture the most attractive investment opportunities. The fund distributes dividends and capital gains, if any, quarterly.