J.P. Morgan Brings New Capabilities to Target Date Compass© Program

New enhancements make it easier for advisors to search, filter and select target date funds

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Oct 14, 2019, 10:00 ET

NEW YORK, Oct. 14, 2019 /PRNewswire/ -- J.P. Morgan Asset Management today announced enhancements to Target Date Compass^©, the target date fund (TDF) analysis tool used by advisors to help plan sponsors evaluate and select funds with greater knowledge and confidence.

The enhanced Target Date Compass delivers new search capabilities that allow advisors to more quickly find the funds that align to plan sponsor goals, while new filters enable them to easily narrow down the target date universe. The upgraded tool is powered by third-party Morningstar data, delivering a digital-first, best-in-class experience.

"Since Target Date Compass was launched in 2008, the program has been a standard bearer for target date fund evaluation. Over the past decade we have continued to work in consultation with our clients to evolve the tool. The latest iteration provides advisors with the capability to assess target date funds more quickly, easily and accurately," said Michael Miller, Head of Retirement Distribution at J.P. Morgan Asset Management. "These enhancements are another example of our business-wide efforts to offer advisors intuitive, digital-first experiences that enable to them to better serve their plan sponsor clients and grow their business."

The new Target Date Compass offers a suite of new search filters resulting from extensive user testing with advisors. These include:

Fund type – Mutual funds vs CITs
Minimum track record – 3, 5 or 10 years
To vs. through funds
Morningstar analyst rating – gold, silver, bronze
Equity exposure (% of equity at the target date)
Diversification (number of asset classes)
Active exposure (the percentage of the fund series' assets that are actively managed)
Total AUM (sum of assets under management in the target date series)

Thousands of advisors use Target Date Compass, with nearly 18,000 reports generated since May 2018 and upwards of 10,000 run this year alone.

"Analyzing the growing universe of target date funds in the market can be daunting task for any advisor. Each enhancement made to Target Date Compass is designed to make this process easier and smarter, resulting in more informed target date fund decisions," said Meghan Jacobson, CFA, Executive Director, J.P. Morgan Asset Management. "Beyond helping plan sponsors narrow their set of fund choice, the program's reporting capabilities also help meet fiduciary obligations with a well-defined process for making, documenting and defending target date fund selections."

To learn more about Target Date Compass, please visit www.jpmorganfunds.com/compass.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $1.7 trillion (as of March 31, 2019), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. (NYSE: JPM), and its affiliates worldwide.

J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but are not limited to, J.P. Morgan Investment Management Inc., Security Capital Research & Management Incorporated, and J.P. Morgan Alternative Asset Management, Inc.

J.P. Morgan Distribution Services, Inc., member of FINRA

SOURCE J.P. Morgan Asset Management