Continue to site >
Trending ETFs

JPMorgan SmartRetirement 2030 Fund

mutual fund
JSMAX
Payout Change
Pending
Price as of:
$18.68 -0.02 -0.11%
primary theme
Target-Date 2030
JSMAX (Mutual Fund)

JPMorgan SmartRetirement 2030 Fund

Payout Change
Pending
Price as of:
$18.68 -0.02 -0.11%
primary theme
Target-Date 2030
JSMAX (Mutual Fund)

JPMorgan SmartRetirement 2030 Fund

Payout Change
Pending
Price as of:
$18.68 -0.02 -0.11%
primary theme
Target-Date 2030

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.68

$4.18 B

2.23%

$0.42

0.87%

Vitals

YTD Return

9.0%

1 yr return

13.8%

3 Yr Avg Return

1.7%

5 Yr Avg Return

6.1%

Net Assets

$4.18 B

Holdings in Top 10

89.3%

52 WEEK LOW AND HIGH

$18.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.87%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.68

$4.18 B

2.23%

$0.42

0.87%

JSMAX - Profile

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.35%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    JPMorgan SmartRetirement 2030 Fund
  • Fund Family Name
    JPMorgan Funds
  • Inception Date
    May 15, 2006
  • Shares Outstanding
    53922940
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Geller

Fund Description

The JPMorgan SmartRetirement® 2030 Fund is generally intended for investors who plan to retire around the year 2030 (the target retirement year) and then withdraw their investment in the Fund throughout retirement. The Fund seeks to help investors save for retirement and then, after reaching the target retirement year, withdraw a portion of their investment in the Fund each year until December 31, 2065 (target maturity year). The Fund assumes a person will be at or around age 65 at the target retirement year.The Fund is designed to provide exposure to equity, fixed income and cash/cash equivalent asset classes by investing in mutual funds and exchange traded funds (ETFs) within the same group of investment companies (i.e., J.P. Morgan Funds), passive ETFs that are managed by unaffiliated investment advisers in certain limited instances (unaffiliated passive ETFs) (collectively with the J.P. Morgan Funds, the underlying funds) and/or direct investments in securities and other financial instruments. The Fund may also invest in derivatives. Derivatives are instruments that have a value based on another instrument, exchange rate or index. The Fund may use futures contracts to gain exposure to, or to overweight or underweight its investments among, various sectors or markets. The Fund may also use exchange traded futures for cash management and to gain market exposure pending investment in underlying funds.In selecting underlying funds, the Adviser expects to select J.P. Morgan Funds without considering or canvassing the universe of unaffiliated underlying funds available even though there may (or may not) be one or more unaffiliated underlying funds that investors might regard as more attractive for the Fund or that have superior returns. For actively-managed underlying funds, the Adviser limits its selection to J.P. Morgan Funds. For passive underlying funds, the Adviser expects to use J.P. Morgan passive ETFs unless the investment is not available. To the extent the Adviser determines in its sole discretion that an investment in a J.P. Morgan passive ETF is not available, only then will the Adviser consider an unaffiliated passive ETF.The Fund’s asset allocation strategy is designed with two main goals in mind: promoting asset accumulation prior to retirement, which is the Fund’s “Savings Phase”, and supporting investors withdrawing their investment in the Fund throughout retirement, which is the Fund’s “Spending Phase”. As a result, the Fund’s asset allocation strategy will change over time, generally becoming more conservative as it approaches the target retirement year and then remaining relatively stable afterwards. This means the asset allocation strategy during the Savings Phase will generally start with a greater emphasis on equity investments and gradually shift to more emphasis on fixed income investments. During the Spending Phase, the Fund will generally have a greater emphasis on fixed income investments. The anticipated target allocations between asset classes over the life of the Fund are displayed in the “glide path” below. In addition, the Fund's target allocations based on its position along the glide path as of the date of this prospectus are included in the table following the glide path.Target Allocations1Equity60.77U.S. Large Cap Equity29.81U.S. Mid Cap Equity4.24U.S. Small Cap Equity3.65REITs1.20International Equity16.40Emerging Markets Equity5.47Fixed Income39.23U.S. Fixed Income30.16Inflation Managed1.20High Yield Fixed Income6.68Emerging Markets Debt1.19Money Market/Cash and Cash Equivalents0.00Money Market/Cash and Cash Equivalents0.00Note: Above allocations may not sum up to 100% due to rounding.1As 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.The Adviser will periodically assess the target allocations shown above taking into account various factors, such as current market conditions, assumptions regarding future market performance, time horizon and data on the savings and spending behavior of investors, and may make adjustments. Based on the Adviser’s assessment, these adjustments may include modifying the existing allocations among asset classes or, among other things, adding or removing asset classes or maintaining asset allocations for longer or shorter periods of time. As a result of the Adviser’s ability to make these modifications, as well as a Fund moving along its glide path each year, the Fund’s actual allocations may differ from what is shown above by +/- 15%. In addition, as the Adviser monitors the risk profile of the Fund over various market environments, it may determine that conditions are not favorable and that deviations beyond +/- 15% are necessary to substantially reduce risk in order to preserve capital. Updated information concerning the Fund’s actual allocations to underlying funds and investments is available in the Fund’s shareholder reports and on the Fund’s website from time to time.During the Spending Phase, the Adviser will seek to achieve certain long-term risk and return targets that allow investors to withdraw a portion of their investment in the fund each year until the target maturity year. In connection with this, the Adviser will produce an annual “sample withdrawal amount”. The sample withdrawal amount is a generic hypothetical example that seeks to estimate a percentage of an investor’s investment in the Fund as of the beginning of the year that theoretically could be redeemed by an investor during that year while still allowing for redemptions in future years through the target maturity year. It attempts to balance income needs in the current year against the need for income in the future. Investors may use the sample withdrawal amount as a consideration in determining how much of their investment to withdraw each year during the Spending Phase. The sample withdrawal amount will be made available in January of each year on the Fund’s website, www.jpmorganfunds.com, and by calling 1-800-480-4111.Because it is assumed that investors will be withdrawing a portion of their investment in the Fund each year during the Spending Phase, the Fund’s assets are expected to decline over time and approach zero in the target maturity year. In addition, as assets decline and approach zero, there may be a point before the target maturity year where the Adviser can no longer manage the Fund in-line with its investment goal. Accordingly, it is expected that the Fund will be liquidated or merged into the SmartRetirement Income Fund at the discretion of the Fund’s Board of Trustees at or prior to the target maturity year. The Adviser anticipates that the sample withdrawal amount will increase as a percentage of an investor’s investment in the several years immediately preceding the target maturity year and that the sample withdrawal amount will be 100% of an investor’s investment in the year 2065. As a result, the Fund and the sample withdrawal amount will be less useful for those who invest closer to the target maturity year.The sample withdrawal amount is not expected to be level from year to year and instead will likely vary each year. If investors choose to follow the sample withdrawal amount, they will be redeeming shares and their investment in the Fund will be reduced. The sample withdrawal amount assumes the reinvestment of distributions in additional shares of the Fund. In addition, the sample withdrawal amount is not designed to comply with any required minimum distribution rules applicable to tax-deferred retirement accounts nor does it take into account any tax considerations to investors (including, for example, any early withdrawal penalties that may be imposed on investors in tax-deferred retirement accounts). Many of the assumptions and factors upon which the sample withdrawal amount will be based are the result of estimates and judgment calls by the Adviser. If those assumptions and factors are inaccurate or incomplete, the withdrawal amount may not accurately reflect the amount that an investor could redeem during the year while still allowing for redemptions in future years. Investors should not consider the Fund as a complete solution for his or her investment or retirement income needs or as a guarantee of income. In making a decision about their investment in the Fund in their individual situation, or in assessing the adequacy of estimated distributions that they may receive at any particular time, investors should consider all of their other assets, income and investments in addition to their investment in the Fund.The provision of a sample withdrawal amount is for the purpose of outlining a possible theoretical course of action. The sample withdrawal amount is a generic hypothetical example as of a specific calculation date that does not consider, nor is it based upon, an investor’s specific circumstances including his or her age, financial needs, risk tolerance, required minimum distribution amount under the Internal Revenue Code with respect to any year, if any, other assets and overall investment objectives. No suggestion is offered herein that any particular redemption amount is advisable under the circumstances outlined in the sample withdrawal amount, and, more generally, there is no recommendation herein regarding any particular course of conduct in any particular situation or with respect to any particular investor. The sample withdrawal amount does not constitute and is not intended to constitute a suggestion, recommendation or impartial advice of any kind. Instead, it will be presented merely for educational purposes so as to give an indication as to the kinds of approaches that may be possible, and each should make an independent decision regarding how to proceed based on the own independent analysis, taking into account whatever independent advice from the investor’s professional adviser, tax adviser or other third parties that the investor may regard as necessary or appropriate to obtain.
Read More

JSMAX - Performance

Return Ranking - Trailing

Period JSMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% 3.9% 11.4% 9.79%
1 Yr 13.8% 7.4% 17.0% 31.96%
3 Yr 1.7%* -2.6% 4.3% 41.36%
5 Yr 6.1%* 4.0% 7.9% 73.29%
10 Yr 5.9%* 3.9% 7.3% 67.35%

* Annualized

Return Ranking - Calendar

Period JSMAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.4% 5.5% 14.4% 22.16%
2022 -23.0% -52.7% -14.2% 71.65%
2021 -1.7% -5.6% 14.0% 94.57%
2020 7.6% 0.7% 13.7% 71.68%
2019 2.8% 2.6% 18.9% 96.88%

Total Return Ranking - Trailing

Period JSMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% 3.9% 11.4% 9.79%
1 Yr 13.8% 7.4% 17.0% 31.96%
3 Yr 1.7%* -2.6% 4.3% 41.36%
5 Yr 6.1%* 4.0% 7.9% 73.29%
10 Yr 5.9%* 3.9% 7.3% 67.35%

* Annualized

Total Return Ranking - Calendar

Period JSMAX Return Category Return Low Category Return High Rank in Category (%)
2023 17.5% 10.0% 49.5% 11.86%
2022 -15.3% -26.4% 20.1% 40.72%
2021 11.4% 1.6% 18.5% 64.67%
2020 13.6% 6.7% 19.3% 62.43%
2019 22.5% 17.1% 34.4% 23.13%

NAV & Total Return History


JSMAX - Holdings

Concentration Analysis

JSMAX Category Low Category High JSMAX % Rank
Net Assets 4.18 B 5.97 M 90.6 B 25.64%
Number of Holdings 23 4 878 54.87%
Net Assets in Top 10 3.8 B 7.04 M 92.7 B 23.59%
Weighting of Top 10 89.33% 45.1% 117.9% 38.34%

Top 10 Holdings

  1. JPMorgan Core Bond Fund, Class R6 25.60%
  2. JPMorgan U.S. Research Enhanced Equity Fund, Class R6 13.60%
  3. JPMorgan U.S. Equity Fund, Class R6 13.36%
  4. JPMorgan Core Plus Bond Fund, Class R6 8.53%
  5. JPMorgan International Research Enhanced Equity ETF 8.31%
  6. JPMorgan Global Select Equity ETF 5.84%
  7. JPMorgan International Equity Fund, Class R6 4.55%
  8. JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 4.19%
  9. JPMorgan High Yield Fund, Class R6 3.66%
  10. JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.69%

Asset Allocation

Weighting Return Low Return High JSMAX % Rank
Cash
1.59% 0.00% 21.52% 28.72%
Convertible Bonds
0.91% 0.03% 1.11% 9.74%
Bonds
0.09% 0.00% 37.34% 26.15%
Stocks
0.00% 0.00% 101.10% 98.46%
Preferred Stocks
0.00% 0.00% 0.03% 75.38%
Other
0.00% -0.05% 3.20% 98.46%

Bond Sector Breakdown

Weighting Return Low Return High JSMAX % Rank
Corporate
35.05% 5.37% 53.65% 19.49%
Securitized
29.45% 0.00% 37.72% 15.38%
Government
24.99% 15.42% 89.09% 86.15%
Cash & Equivalents
1.59% 0.00% 50.44% 24.10%
Municipal
0.23% 0.00% 5.27% 49.23%
Derivative
0.00% -0.05% 0.24% 98.46%

Bond Geographic Breakdown

Weighting Return Low Return High JSMAX % Rank
US
0.09% 0.00% 35.03% 26.15%
Non US
0.00% 0.00% 2.31% 75.90%

JSMAX - Expenses

Operational Fees

JSMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.05% 10.07% 42.78%
Management Fee 0.00% 0.00% 0.81% 24.48%
12b-1 Fee 0.25% 0.00% 1.00% 49.48%
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

JSMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 3.50% 5.75% 90.91%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

JSMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.00% 98.00% 79.17%

JSMAX - Distributions

Dividend Yield Analysis

JSMAX Category Low Category High JSMAX % Rank
Dividend Yield 2.23% 0.00% 7.28% 56.41%

Dividend Distribution Analysis

JSMAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

JSMAX Category Low Category High JSMAX % Rank
Net Income Ratio 1.35% 0.12% 3.79% 55.79%

Capital Gain Distribution Analysis

JSMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Distributions History

View More +

JSMAX - 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 5.79 2.41