Investment objective & strategy
As of Oct. 22, 2025 · prospectusObjective. The Fund seeks income and capital appreciation by investing primarily in a diversified group of mutual funds within the same group of investment companies that invest primarily in fixed income and equity securities.
Strategy. The Fund is a Fund of Funds. The Funds main investment strategy is to invest in other J.P. Morgan Funds (underlying funds). Because this is a conservative growth fund, the majority of the Funds assets will be allocated to J.P. Morgan income funds and J.P. Morgan money market funds, although a portion of its assets also will be invested in J.P. Morgan equity funds including J.P. Morgan international equity funds and J.P. Morgan specialty funds. J.P. Morgan specialty funds include funds that use market neutral and other alternative strategies or that have exposure to alternative equity asset classes such as real estate investment trusts (REITs) or commodities. The Fund may invest up to 20% of its assets in J.P. Morgan … The Fund is a Fund of Funds. The Funds main investment strategy is to invest in other J.P. Morgan Funds (underlying funds). Because this is a conservative growth fund, the majority of the Funds assets will be allocated to J.P. Morgan income funds and J.P. Morgan money market funds, although a portion of its assets also will be invested in J.P. Morgan equity funds including J.P. Morgan international equity funds and J.P. Morgan specialty funds. J.P. Morgan specialty funds include funds that use market neutral and other alternative strategies or that have exposure to alternative equity asset classes such as real estate investment trusts (REITs) or commodities. The Fund may invest up to 20% of its assets in J.P. Morgan Funds that are exchange-traded funds (ETFs). Generally, the Funds allocation strategy is to achieve a long-term risk/return profile similar to a fund that invests 70% in income securities and 30% in equity securities. The Funds adviser, J.P. Morgan Investment Management Inc. (JPMIM or the adviser) allocates the Funds investments in the underlying funds based on an evaluation of three components: fund selection, tactical asset allocation and strategic asset allocation. The adviser determines the strategic weight for each asset class represented by the underlying funds by using three to five-year and 10 to 15-year outlooks. Taking a long term approach, the adviser focuses on making investments that it believes will perform well over time while maintaining a level of volatility similar to its Lipper peer group.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| JPMorgan Core Bond R6 | — | $1.50B | 35.41% |
| JPMorgan Core Plus Bond Fund, Class R6 | — | $691.03M | 16.34% |
| JPMorgan Income Fund, Class R6 | — | $283.04M | 6.69% |
| JPMorgan International Research Enhanced Equity ETF | — | $174.27M | 4.12% |
| JPMorgan Limited Duration Bond ETF | — | $169.88M | 4.02% |
| JPM-US EQTY-R6 | — | $169.81M | 4.02% |
| JPMorgan High Yield Fund, Class R6 | — | $122.32M | 2.89% |
| JPMorgan Large Cap Growth Fund, Class R6 | — | $114.34M | 2.70% |
| JPMorgan U.S. Research Enhanced Equity Fund, Class R6 | — | $106.17M | 2.51% |
| JPMorgan Equity Income Fund, Class R6 | — | $98.78M | 2.34% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| JPMorgan Investor Balanced Fund · OIBFX, OGIAX, OGBCX, JFQUX | 80% | 0.44% |
| JPMorgan SmartRetirement Income Fund · JSRAX, JSRCX, JSRSX, JSIIX, JSIZX, JSIYX, JSIPX, JSIQX | 64% | 0.34% |
| JPMorgan SmartRetirement 2025 Fund · JNSAX, JNSCX, JNSSX, JNSIX, JNSZX, JNSYX, JNSPX, JNSQX | 64% | 0.35% |
Advisers
| Firm | Role |
|---|---|
| J.P. Morgan Investment Management, Inc. | Adviser |
Footnotes
- Expense ratio as of October 22, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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