Fund Description

The fund is a fund of funds that primarily invests in other J.P. Morgan Funds. As a growth-oriented portfolio, most assets are allocated to J.P. Morgan equity funds, including international equity and specialty funds, with a portion also invested in J.P. Morgan income funds and money market funds. Specialty funds may use market neutral or other alternative strategies, or provide exposure to alternative equity asset classes such as REITs or commodities. Up to 20% may be invested in J.P. Morgan ETFs. Allocation targets a long-term risk/return profile similar to 90% equities and 10% income securities. The adviser allocates among underlying funds using fund selection, tactical asset allocation, and strategic asset allocation.