JPMORGAN SMARTRETIREMENT BLEND FUNDS
JPMORGAN TRUST I
JPMorgan SmartRetirement® Blend 2025 Fund
JPMorgan SmartRetirement® Blend 2030 Fund
JPMorgan SmartRetirement® Blend 2035 Fund
JPMorgan SmartRetirement® Blend 2040 Fund
JPMorgan SmartRetirement® Blend 2045 Fund
(All Share Classes)
(each, a “Fund” and collectively, the “Funds”)
Supplement dated January 6, 2025 to the current Summary
Prospectuses and Prospectuses dated November 1, 2024, as supplemented
As part of the annual review process, effective February 1, 2025, the Target Allocations table and the corresponding footnote in the “What are the Fund’s main investment strategies?” section of each Fund’s summary prospectuses and prospectuses will be revised and replaced with the following:
JPMorgan SmartRetirement Blend 2025 Fund
|
|
|
|
|
| |
| Target Allocations1 |
|
| Fixed Income |
|
|
53.40% |
|
| U.S. Fixed Income |
|
|
40.87% |
|
| Inflation Managed |
|
|
4.50% |
|
| High Yield Fixed Income |
|
|
6.31% |
|
| Emerging Markets Debt |
|
|
1.72% |
|
| |
|
| Equity |
|
|
42.60% |
|
| U.S. Large Cap Equity |
|
|
22.53% |
|
| U.S. Mid Cap Equity |
|
|
2.98% |
|
| U.S. Small Cap Equity |
|
|
1.65% |
|
| REITs |
|
|
0.85% |
|
| International Equity |
|
|
10.65% |
|
| Emerging Markets Equity |
|
|
3.94% |
|
| |
|
| Money Market/Cash and Cash Equivalents |
|
|
4.00% |
|
| Money Market/Cash and Cash Equivalents |
|
|
4.00% |
|
Note: Above allocations may not sum up to 100% due to rounding.
| 1 |
As of the date of this prospectus, the Fund utilizes underlying funds to implement its target allocations although the Fund also has flexibility to utilize other direct investments in securities and derivatives to implement its target allocations. |
SUP‑SRB‑124
JPMorgan SmartRetirement Blend 2030 Fund
|
|
|
|
|
| |
| Target Allocations1 |
|
| Equity |
|
|
55.60% |
|
| U.S. Large Cap Equity |
|
|
29.43% |
|
| U.S. Mid Cap Equity |
|
|
3.88% |
|
| U.S. Small Cap Equity |
|
|
2.14% |
|
| REITs |
|
|
1.10% |
|
| International Equity |
|
|
13.91% |
|
| Emerging Markets Equity |
|
|
5.14% |
|
| |
|
| Fixed Income |
|
|
44.40% |
|
| U.S. Fixed Income |
|
|
36.21% |
|
| Inflation Managed |
|
|
2.00% |
|
| High Yield Fixed Income |
|
|
4.87% |
|
| Emerging Markets Debt |
|
|
1.32% |
|
| |
|
| Money Market/Cash and Cash Equivalents |
|
|
0.00% |
|
| Money Market/Cash and Cash Equivalents |
|
|
0.00% |
|
Note: Above allocations may not sum up to 100% due to rounding.
| 1 |
As of the date of this prospectus, the Fund utilizes underlying funds to implement its target allocations although the Fund also has flexibility to utilize other direct investments in securities and derivatives to implement its target allocations. |
JPMorgan SmartRetirement Blend 2035 Fund
|
|
|
|
|
| |
| Target Allocations1 |
|
| Equity |
|
|
68.20% |
|
| U.S. Large Cap Equity |
|
|
36.09% |
|
| U.S. Mid Cap Equity |
|
|
4.76% |
|
| U.S. Small Cap Equity |
|
|
2.59% |
|
| REITs |
|
|
1.35% |
|
| International Equity |
|
|
17.10% |
|
| Emerging Markets Equity |
|
|
6.31% |
|
| |
|
| Fixed Income |
|
|
31.80% |
|
| U.S. Fixed Income |
|
|
27.35% |
|
| Inflation Managed |
|
|
0.00% |
|
| High Yield Fixed Income |
|
|
3.51% |
|
| Emerging Markets Debt |
|
|
0.94% |
|
| |
|
| Money Market/Cash and Cash Equivalents |
|
|
0.00% |
|
| Money Market/Cash and Cash Equivalents |
|
|
0.00% |
|
Note: Above allocations may not sum up to 100% due to rounding.
| 1 |
As of the date of this prospectus, the Fund utilizes underlying funds to implement its target allocations although the Fund also has flexibility to utilize other direct investments in securities and derivatives to implement its target allocations. |
JPMorgan SmartRetirement Blend 2040 Fund
|
|
|
|
|
| |
| Target Allocations1 |
|
| Equity |
|
|
78.60% |
|
| U.S. Large Cap Equity |
|
|
41.51% |
|
| U.S. Mid Cap Equity |
|
|
5.51% |
|
| U.S. Small Cap Equity |
|
|
3.01% |
|
| REITs |
|
|
1.58% |
|
| International Equity |
|
|
19.70% |
|
| Emerging Markets Equity |
|
|
7.29% |
|
| |
|
| Fixed Income |
|
|
21.40% |
|
| U.S. Fixed Income |
|
|
18.38% |
|
| Inflation Managed |
|
|
0.00% |
|
| High Yield Fixed Income |
|
|
2.37% |
|
| Emerging Markets Debt |
|
|
0.65% |
|
| |
|
| Money Market/Cash and Cash Equivalents |
|
|
0.00% |
|
| Money Market/Cash and Cash Equivalents |
|
|
0.00% |
|
Note: Above allocations may not sum up to 100% due to rounding.
| 1 |
As of the date of this prospectus, the Fund utilizes underlying funds to implement its target allocations although the Fund also has flexibility to utilize other direct investments in securities and derivatives to implement its target allocations. |
JPMorgan SmartRetirement Blend 2045 Fund
|
|
|
|
|
| |
| Target Allocations1 |
|
| Equity |
|
|
86.40% |
|
| U.S. Large Cap Equity |
|
|
45.69% |
|
| U.S. Mid Cap Equity |
|
|
6.05% |
|
| U.S. Small Cap Equity |
|
|
3.30% |
|
| REITs |
|
|
1.73% |
|
| International Equity |
|
|
21.65% |
|
| Emerging Markets Equity |
|
|
7.98% |
|
| |
|
| Fixed Income |
|
|
13.60% |
|
| U.S. Fixed Income |
|
|
11.69% |
|
| Inflation Managed |
|
|
0.00% |
|
| High Yield Fixed Income |
|
|
1.50% |
|
| Emerging Markets Debt |
|
|
0.41% |
|
| |
|
| Money Market/Cash and Cash Equivalents |
|
|
0.00% |
|
| Money Market/Cash and Cash Equivalents |
|
|
0.00% |
|
Note: Above allocations may not sum up to 100% due to rounding.
| 1 |
As of the date of this prospectus, the Fund utilizes underlying funds to implement its target allocations although the Fund also has flexibility to utilize other direct investments in securities and derivatives to implement its target allocations. |
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE
PROSPECTUSES AND SUMMARY PROSPECTUSES FOR FUTURE REFERENCE