On Sept. 8, 2021, J.P. Morgan announced upcoming changes that impact four strategies under Morningstar analyst coverage: the JPMorgan SmartRetirement mutual fund series, the JPMorgan SmartRetirement Blend mutual fund series, and both series’ CIT counterparts. During 2022’s first quarter, each series in the suite will begin adapting its post-retirement allocations, aiming to fund investors’ withdrawals until age 100. J.P. Morgan has laid the groundwork for this change over several years, but the impact on investors warrants deliberation, and we place the Morningstar Analyst Ratings of all four series Under Review. The four series’ previous Morningstar Analyst Ratings ranged from Gold to Neutral across share classes.
Will JSAIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JSAIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the JSAIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of JSAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.