J.P. Morgan Launches New Retirement R6 Share Classes of its SmartRetirement Funds

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Nov 04, 2014, 10:39 ET

NEW YORK, Nov. 4, 2014 /PRNewswire/ -- J.P. Morgan Asset Management today announced that it will now offer R6 share classes of the J.P. Morgan SmartRetirement Mutual Fund series of target date funds, which are designated with a "Silver" Morningstar analyst rating.

"The availability of the R6 share class offers advisers and plan sponsors with a non revenue share class and fee transparency, with our dynamic risk management approach that seeks more consistent returns and a smoother ride to retirement for participants through the J.P. Morgan SmartRetirement funds," said Dan Oldroyd, J.P. Morgan SmartRetirement Portfolio Manager. "These shares provide greater flexibility in plan design and execution and we are pleased to offer them to our clients."

Managed by J.P. Morgan's experienced Investment Management Solutions-Global Multi Asset Group (GMAG), this new share class provides a non-revenue sharing option for retirement plans of all sizes and needs in today's defined contribution market. J.P. Morgan offers R6 share classes for all vintages in the SmartRetirement Mutual Fund series.

R6 shares are offered at Net Asset Value (NAV), with no front-end sales charges (CDSC) or 12b-1 fees. Clients will be able to purchase R6 shares immediately and can also make a direct exchange from previous share classes.

About J.P. Morgan Asset Management – Retirement

J.P. Morgan Retirement, part of J.P. Morgan Asset Management, is a leading provider of comprehensive retirement solutions and is dedicated to improving individual retirement outcomes. The group has defined contribution assets under management of nearly $135 billion, as of September 30, 2014.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $1.6 trillion, 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. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global asset management firm with assets of approximately $2.4 trillion and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

SOURCE J.P. Morgan Asset Management