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JPMorgan SmartRetirement 2065 Fund
mutual fund
JSMPX
Payout Change
Pending
Price as of:
$20.98
+0.11
+0.53%
primary theme
International Allocation
JSMPX (Mutual Fund)
JPMorgan SmartRetirement 2065 Fund
Payout Change
Pending
Price as of:
$20.98
+0.11
+0.53%
primary theme
International Allocation
JSMPX (Mutual Fund)
JPMorgan SmartRetirement 2065 Fund
Payout Change
Pending
Price as of:
$20.98
+0.11
+0.53%
primary theme
International Allocation
Name
As of 11/21/2024Price
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
Vitals
YTD Return
17.6%
1 yr return
22.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$9.93 M
Holdings in Top 10
87.0%
52 WEEK LOW AND HIGH
$20.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 4.59%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 36.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/21/2024Price
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
JSMPX - Profile
Distributions
- YTD Total Return 17.6%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.96%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameJPMorgan SmartRetirement 2065 Fund
-
Fund Family NameJPMorgan Funds
-
Inception DateNov 03, 2022
-
Shares OutstandingN/A
-
Share ClassR3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel G. Scherman
Fund Description
The JPMorgan SmartRetirement® 2065 Fund is generally intended for investors who plan to retire around the year 2065 (the target retirement year). Prior to reaching the target retirement year, the Fund seeks risk appropriate total return with a shift to current income and some capital appreciation over time as the Fund approaches and passes the target retirement 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 to promote asset accumulation tailored to the time when investors expect to retire. As a result, the Fund’s asset allocation strategy will change over time, generally becoming more conservative as it approaches the target retirement year. This means the asset allocation strategy will generally start with a greater emphasis on global equity investments and gradually shift to more 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 Allocations1Equity92.00U.S. Large Cap Equity48.65U.S. Mid Cap Equity6.45U.S. Small Cap Equity3.50REITs1.85International Equity23.05Emerging Markets Equity8.50Fixed Income8.00U.S. Fixed Income6.85Inflation Managed0.00High Yield Fixed Income0.90Emerging Markets Debt0.25Money 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 financial statements, and on the Fund’s website from time to time.The Fund is a “to” target date fund. This means that the Fund intends to reach its most conservative target allocations around the end of the year of the target retirement year. When the target allocations of the Fund are substantially the same as those of the JPMorgan SmartRetirement Income Fund, the Fund may be merged into the JPMorgan SmartRetirement Income Fund at the discretion of the Fund’s Board of Trustees.
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JSMPX - Performance
Return Ranking - Trailing
| Period | JSMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.6% | 7.7% | 17.0% | 50.00% |
| 1 Yr | 22.9% | 9.0% | 22.2% | 50.00% |
| 3 Yr | N/A* | 3.1% | 3.1% | N/A |
| 5 Yr | N/A* | 4.2% | 4.2% | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
| Period | JSMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.8% | 2.5% | 17.8% | 50.00% |
| 2022 | N/A | -9.6% | -9.6% | N/A |
| 2021 | N/A | 1.8% | 1.8% | N/A |
| 2020 | N/A | -2.5% | -2.5% | N/A |
| 2019 | N/A | 4.4% | 4.4% | N/A |
Total Return Ranking - Trailing
| Period | JSMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.6% | 7.7% | 17.0% | 50.00% |
| 1 Yr | 22.9% | 9.0% | 22.2% | 50.00% |
| 3 Yr | N/A* | 3.1% | 3.1% | N/A |
| 5 Yr | N/A* | 4.2% | 4.2% | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | JSMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.7% | 7.8% | 20.7% | 50.00% |
| 2022 | N/A | -5.4% | -5.4% | N/A |
| 2021 | N/A | 6.9% | 6.9% | N/A |
| 2020 | N/A | 2.3% | 2.3% | N/A |
| 2019 | N/A | 12.8% | 12.8% | N/A |
NAV & Total Return History
JSMPX - Holdings
Concentration Analysis
| JSMPX | Category Low | Category High | JSMPX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.93 M | 9.93 M | 551 M | 100.00% |
| Number of Holdings | 24 | 24 | 274 | 100.00% |
| Net Assets in Top 10 | 26.1 M | 26.1 M | 358 M | 100.00% |
| Weighting of Top 10 | 86.96% | 84.3% | 87.0% | 50.00% |
Top 10 Holdings
- JPMorgan International Research Enhanced Equity ETF 12.71%
- JPMorgan U.S. Equity Fund, Class R6 11.98%
- JPMorgan U.S. Research Enhanced Equity Fund, Class R6 11.86%
- JPMorgan Growth Advantage Fund, Class R6 11.33%
- JPMorgan Value Advantage Fund, Class R6 11.23%
- JPMorgan Global Select Equity ETF 9.14%
- JPMorgan International Equity Fund, Class R6 6.77%
- JPMorgan Core Plus Bond Fund, Class R6 4.79%
- SPDR SP MidCap 400 ETF Trust 3.92%
- JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.23%
Asset Allocation
| Weighting | Return Low | Return High | JSMPX % Rank | |
|---|---|---|---|---|
| Cash | 2.59% | 2.59% | 21.04% | 100.00% |
| Bonds | 0.29% | 0.29% | 33.99% | 100.00% |
| Convertible Bonds | 0.01% | 0.01% | 3.15% | 100.00% |
| Other | 0.00% | 0.00% | 51.88% | 100.00% |
| Stocks | 0.00% | 0.00% | 13.75% | 100.00% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 100.00% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JSMPX % Rank | |
|---|---|---|---|---|
| Corporate | 14.12% | 11.85% | 14.12% | 50.00% |
| Government | 5.58% | 5.58% | 27.81% | 100.00% |
| Securitized | 4.56% | 4.56% | 10.17% | 100.00% |
| Cash & Equivalents | 2.37% | 2.37% | 21.04% | 100.00% |
| Derivative | 0.00% | 0.00% | 51.88% | 100.00% |
| Municipal | 0.00% | 0.00% | 0.11% | 100.00% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JSMPX % Rank | |
|---|---|---|---|---|
| US | 0.29% | 0.29% | 33.99% | 100.00% |
| Non US | 0.00% | 0.00% | 0.00% | 100.00% |
JSMPX - Expenses
Operational Fees
| JSMPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 4.59% | 2.22% | 4.59% | 50.00% |
| Management Fee | 0.00% | 0.00% | 1.20% | 50.00% |
| 12b-1 Fee | 0.25% | 0.25% | 0.25% | 100.00% |
| Administrative Fee | 0.25% | 0.15% | 0.25% | 100.00% |
Sales Fees
| JSMPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 5.75% | 5.75% | N/A |
| Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
| JSMPX 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.
| JSMPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 36.00% | 36.00% | 55.73% | 50.00% |
JSMPX - Distributions
Dividend Yield Analysis
| JSMPX | Category Low | Category High | JSMPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.88% | 1.24% | 5.78% | 100.00% |
Dividend Distribution Analysis
| JSMPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| JSMPX | Category Low | Category High | JSMPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.96% | 0.96% | 1.79% | 100.00% |
Capital Gain Distribution Analysis
| JSMPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2023 | $0.183 | OrdinaryDividend |
| Dec 15, 2023 | $0.019 | CapitalGainShortTerm |
| Dec 15, 2023 | $0.037 | CapitalGainLongTerm |
| Dec 30, 2022 | $0.173 | OrdinaryDividend |
JSMPX - Fund Manager Analysis
Managers
Daniel G. Scherman
Start Date
Tenure
Tenure Rank
Sep 03, 2008
4.58
4.6%
Daniel G. Scherman, CFA Dan Scherman is Senior Vice President and Chief Risk Officer. In this role, Mr. Scherman is responsible for overseeing corporate and investment risk for Janus. In addition to communicating risks to senior management, trustees, consultants and institutional clients and managing the performance analytics group, Mr. Scherman is responsible for equity trading and management of Janus’ asset allocation products. He is also chair of the Janus Global Risk Committee and is a member of the Janus Operating Committee. Prior to joining Janus in March 2005, Mr. Scherman served as senior quantitative analyst and portfolio manager from 2001 to 2005 at MFS Investment Management where he also served as a global fixed income portfolio manager and currency specialist from 1992 to 2001. He also held positions as a proprietary trader and a market maker with a sell-side firm. Mr. Scherman received his bachelor of arts degree in economics and history from Dartmouth College and his MBA from Boston University. Mr. Scherman holds the Chartered Financial Analyst designation and has 28 years of investment industry experience.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 4.12 | 4.58 | 4.24 | 4.12 |
