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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

JPMorgan SmartRetirement® 2040 Fund

SMTSX | Fund

$18.97

$4.53 B

11.72%

$2.22

0.70%

Vitals

YTD Return

-17.4%

1 yr return

-8.9%

3 Yr Avg Return

9.5%

5 Yr Avg Return

7.6%

Net Assets

$4.53 B

Holdings in Top 10

85.4%

52 WEEK LOW AND HIGH

$18.7
$18.16
$27.16

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Target-Date 2040

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

JPMorgan SmartRetirement® 2040 Fund

SMTSX | Fund

$18.97

$4.53 B

11.72%

$2.22

0.70%

SMTSX - Profile

Distributions

  • YTD Total Return -17.4%
  • 3 Yr Annualized Total Return 9.5%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.32%
DIVIDENDS
  • Dividend Yield 11.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    JPMorgan SmartRetirement® 2040 Fund
  • Fund Family Name
    J.P. Morgan
  • Inception Date
    May 15, 2006
  • Shares Outstanding
    14728845
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Geller

Fund Description

The fund is generally intended for investors who plan to retire around the year 2040 and then withdraw their investment in the fund throughout retirement. It is designed to provide exposure to equity, fixed income and cash/cash equivalent asset classes by investing in mutual funds and ETFs within the same group of investment companies, passive ETFs that are managed by unaffiliated investment advisers in certain limited instances and/or direct investments in other financial instruments.

SMTSX - Performance

Return Ranking - Trailing

Period SMTSX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.4% -36.4% -10.0% 42.86%
1 Yr -8.9% -10.6% 2.7% 68.81%
3 Yr 9.5%* 6.1% 11.8% 63.86%
5 Yr 7.6%* 5.6% 9.4% 66.85%
10 Yr 9.5%* 7.2% 11.1% 42.86%

* Annualized

Return Ranking - Calendar

Period SMTSX Return Category Return Low Category Return High Rank in Category (%)
2021 -2.0% -6.3% 17.5% 92.72%
2020 9.4% 3.3% 14.9% 71.65%
2019 11.1% 4.1% 22.6% 89.47%
2018 -14.7% -23.1% -6.9% 52.69%
2017 16.9% -0.2% 18.8% 31.61%

Total Return Ranking - Trailing

Period SMTSX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.4% -36.4% -10.0% 42.86%
1 Yr -8.9% -15.0% 2.7% 60.93%
3 Yr 9.5%* 4.9% 11.8% 57.29%
5 Yr 7.6%* 4.7% 9.4% 61.36%
10 Yr 9.5%* 7.2% 11.1% 42.74%

* Annualized

Total Return Ranking - Calendar

Period SMTSX Return Category Return Low Category Return High Rank in Category (%)
2021 -2.0% -6.3% 17.5% 92.72%
2020 9.4% 3.3% 14.9% 71.65%
2019 11.1% 4.1% 22.6% 89.47%
2018 -14.7% -23.1% -5.5% 71.86%
2017 16.9% 5.2% 26.3% 61.94%

NAV & Total Return History

SMTSX - Holdings

Concentration Analysis

SMTSX Category Low Category High SMTSX % Rank
Net Assets 4.53 B 88 K 68.9 B 19.00%
Number of Holdings 22 4 562 46.82%
Net Assets in Top 10 3.87 B 693 K 68.1 B 19.09%
Weighting of Top 10 85.37% 38.5% 100.0% 46.00%

Top 10 Holdings

  1. JPMorgan Value Advantage R6 11.71%
  2. JPMorgan US Research Enhanced Equity R6 11.09%
  3. JPMorgan Growth Advantage R6 10.68%
  4. JPMorgan US Equity R6 10.48%
  5. JPMorgan International Rsrch Enh Eq R6 10.26%
  6. JPMorgan Core Plus Bond R6 9.97%
  7. JPMorgan International Equity R6 6.87%
  8. JPMorgan US Government MMkt IM 5.81%
  9. JPMorgan Emerging Mkts Rsrch Enh Eq R6 5.19%
  10. JPMorgan International Advantage R6 3.52%

Asset Allocation

Weighting Return Low Return High SMTSX % Rank
Stocks 		75.68% 0.00% 89.49% 75.45%
Bonds 		15.53% 6.42% 65.95% 45.91%
Cash 		8.33% -6.89% 31.18% 7.73%
Convertible Bonds 		0.37% 0.00% 0.98% 11.36%
Other 		0.09% -0.92% 16.90% 50.91%
Preferred Stocks 		0.01% 0.00% 0.48% 63.64%

Stock Sector Breakdown

Weighting Return Low Return High SMTSX % Rank
Technology 		18.56% 13.94% 24.03% 62.84%
Financial Services 		16.93% 13.11% 18.83% 14.68%
Healthcare 		12.06% 10.75% 14.53% 70.64%
Consumer Cyclical 		11.99% 8.05% 13.32% 11.93%
Industrials 		9.95% 9.02% 12.29% 78.44%
Real Estate 		8.14% 1.87% 10.11% 21.56%
Communication Services 		6.38% 5.69% 10.24% 78.90%
Consumer Defense 		5.33% 4.68% 11.06% 94.04%
Energy 		4.16% 2.33% 6.31% 65.14%
Basic Materials 		3.81% 3.14% 6.86% 87.16%
Utilities 		2.69% 1.90% 8.13% 53.21%

Stock Geographic Breakdown

Weighting Return Low Return High SMTSX % Rank
US 		50.75% 0.00% 68.38% 56.36%
Non US 		24.93% 0.00% 44.24% 66.82%

Bond Sector Breakdown

Weighting Return Low Return High SMTSX % Rank
Cash & Equivalents 		34.77% 3.19% 55.75% 11.36%
Corporate 		27.24% 0.49% 50.07% 37.73%
Securitized 		22.47% 0.00% 36.42% 20.45%
Government 		15.41% 13.41% 62.05% 93.18%
Municipal 		0.11% 0.00% 22.13% 55.91%
Derivative 		0.00% 0.00% 20.78% 86.82%

Bond Geographic Breakdown

Weighting Return Low Return High SMTSX % Rank
US 		13.54% 4.80% 43.04% 38.18%
Non US 		1.99% 0.07% 22.91% 50.00%

SMTSX - Expenses

Operational Fees

SMTSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.06% 1.84% 41.82%
Management Fee 0.00% 0.00% 0.86% 11.93%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

SMTSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SMTSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SMTSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 112.00% 87.74%

SMTSX - Distributions

Dividend Yield Analysis

SMTSX Category Low Category High SMTSX % Rank
Dividend Yield 11.72% 0.00% 5.64% 4.07%

Dividend Distribution Analysis

SMTSX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

SMTSX Category Low Category High SMTSX % Rank
Net Income Ratio 1.32% -0.21% 10.52% 42.99%

Capital Gain Distribution Analysis

SMTSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Dividend Payout History

View More +

SMTSX - Fund Manager Analysis

Managers

Jeffrey Geller

Start Date

Tenure

Tenure Rank

Jul 02, 2008

13.92

13.9%

Jeffrey Geller, CFA, managing director, is a Chief Investment Officer of Multi-Asset Solutions, where he is responsible for investment oversight of all mandates managed in New York. This includes providing oversight with respect to manager and strategy suitability and fit and ensuring that the team's asset allocation views are reflected appropriately across a diverse set of mandates. Jeff is also a portfolio manager for less constrained multi-asset class portfolios as well as portfolios with alternatives exposure. Before joining the firm in 2006, Jeff was director of Hedge Fund Investments at Russell Investment Group and served as chairman of the Firm's hedge fund investment committee. Prior to that, he was a senior partner at Credit Suisse Asset Management's BEA Associates unit where he had responsibility for managing equity, currency overlay and relative value arbitrage strategies. Jeff earned a Bachelor of Arts in Government from Clark University and an M.B.A. in Finance from the University of Chicago Graduate School Of Business. He is a CFA charterholder and is Series 24, 7, and 63 licensed

Daniel Oldroyd

Start Date

Tenure

Tenure Rank

Nov 01, 2010

11.59

11.6%

Daniel Oldroyd, CFA, CAIA, Managing Director, is a portfolio manager for the Global Multi-Asset Group, focusing on the JPMorgan SmartRetirement target-date funds. An employee since 2000, he has held several positions including that of investment strategist for JPMorgan Retirement Plan Services responsible for communicating investment management information to Retirement Plan Services' clients and providing ongoing monitoring of plan's investment options. Prior to this, he was responsible for manager research of nonproprietary investment managers for JPMorgan Retirement Plan Services. Dan holds a B.S. with honors in finance and international business from Georgetown University. Dan is a CFA and CAIA charterholder, holds NASD Series 7 and 63 licenses, and is a member of NYSSA, The CFA Institute, and the CAIA Association.

Silvia Trillo

Start Date

Tenure

Tenure Rank

Feb 12, 2019

3.3

3.3%

Ms. Trillo, Managing Director, has been an employee of J.P. Morgan Investment Management Inc. and a member of Multi-Asset Solutions since 2011 and a portfolio manager of the Fund since 2019.

Ove Fladberg

Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

Ove Fladberg, managing director, is head of the Columbus, OH-based Multi-Asset Solutions investment team, and serves as its Chief Investment Officer within Multi-Asset Solutions, with overall responsibility for the JPMorgan Investor Funds as well as other multi-asset strategies and market-cap weighted equity investment strategies. Ove is the lead portfolio manager for the Investor Funds, a series of multi-asset funds, and a member of the Investor Funds Asset Allocation Committee. As such, he is responsible for asset allocation optimization, portfolio analytics, asset allocation research and manager due diligence for the Funds. In addition to his role as CIO of the Columbus Multi-Asset Solutions Team, Ove also serves as Head of Market Cap Weighted Equity Beta Strategies. Ove previously held various positions within the firm including senior portfolio analyst for the Investment Strategies Team, vice president and wholesaler, and vice president of Personal Financial Services at JPMorgan Chase Bank. Prior to joining the firm in 2003, he was an investment specialist at Charles Schwab & Co. and an investment representative at Edward Jones. Ove earned a Masters of Business and Economics from BI Norwegian School of Management. He maintains Series 7 and 63 licenses.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 5.65 2.41

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