SMTSX: JPMorgan SmartRetirement® 2040 Fund - MutualFunds.com

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SMTSX - Snapshot

Vitals

  • YTD Return 10.2%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 7.0%
  • Net Assets $5.17 B
  • Holdings in Top 10 84.1%

52 WEEK LOW AND HIGH

$23.29
$15.14
$23.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.27%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 50.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2040

Compare SMTSX to Popular Target-Date 2040 Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$43.63

+1.23%

$31.37 B

2.07%

$0.89

11.50%

-

$28.85

+1.23%

$28.88 B

2.12%

$0.60

11.48%

-

$11.64

+1.39%

$23.49 B

-

$0.16

9.92%

-

$18.39

-0.16%

$20.83 B

0.90%

$0.16

13.52%

-

$30.85

+1.35%

$14.10 B

1.48%

$0.45

14.01%

-

SMTSX - Profile

Distributions

  • YTD Total Return 10.2%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    JPMorgan SmartRetirement® 2040 Fund
  • Fund Family Name
    JPMorgan
  • Inception Date
    May 15, 2006
  • Shares Outstanding
    19090599
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Geller

Fund Description

The fund is a "fund of funds" that primarily invests in other mutual funds within the same group of investment companies, and is generally intended for investors expecting to retire around the year 2040 (target retirement date). It is designed to provide exposure to a variety of asset classes through investments in underlying funds, and over time the fund's asset allocation strategy will change.


SMTSX - Performance

Return Ranking - Trailing

Period SMTSX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% -1.8% 15.4% 45.62%
1 Yr 3.8% -1.4% 9.4% 63.47%
3 Yr 4.5%* 1.7% 7.6% 77.89%
5 Yr 7.0%* 4.5% 9.5% 69.10%
10 Yr 8.2%* 4.7% 10.0% 48.00%

* Annualized

Return Ranking - Calendar

Period SMTSX Return Category Return Low Category Return High Rank in Category (%)
2019 11.1% 4.1% 22.6% 85.78%
2018 -14.7% -23.1% -6.9% 52.66%
2017 16.9% -15.1% 18.8% 28.41%
2016 3.6% -0.2% 8.2% 64.29%
2015 -4.8% -14.5% -1.5% 36.43%

Total Return Ranking - Trailing

Period SMTSX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% -1.8% 15.4% 45.62%
1 Yr 3.8% -6.3% 9.4% 57.87%
3 Yr 4.5%* 0.5% 7.6% 70.56%
5 Yr 7.0%* 4.1% 9.5% 63.64%
10 Yr 8.2%* 4.7% 10.0% 47.15%

* Annualized

Total Return Ranking - Calendar

Period SMTSX Return Category Return Low Category Return High Rank in Category (%)
2019 11.1% 4.1% 22.6% 85.78%
2018 -14.7% -23.1% -5.5% 70.21%
2017 16.9% -15.1% 26.3% 56.25%
2016 3.6% -0.1% 10.6% 84.42%
2015 -4.8% -14.5% 0.6% 66.67%

NAV & Total Return History


SMTSX - Holdings

Concentration Analysis

SMTSX Category Low Category High SMTSX % Rank
Net Assets 5.17 B 128 K 31.4 B 17.83%
Number of Holdings 22 1 518 43.17%
Net Assets in Top 10 4.5 B 105 K 31.1 B 16.30%
Weighting of Top 10 84.07% 42.0% 100.0% 52.86%

Top 10 Holdings

  1. JPMorgan Growth Advantage R6 11.57%
  2. JPMorgan International Focus R6 10.20%
  3. JPMorgan US Equity R6 10.00%
  4. JPMorgan International Rsrch Enh Eq R6 9.45%
  5. JPMorgan Value Advantage R6 9.33%
  6. JPMorgan Emerging Mkts Rsrch Enh Eq R6 8.58%
  7. JPMorgan US Research Enhanced Equity R6 7.77%
  8. JPMorgan Core Plus Bond R6 7.13%
  9. JPMorgan International Advantage R6 5.56%
  10. JPMorgan High Yield R6 4.48%

Asset Allocation

Weighting Return Low Return High SMTSX % Rank
Stocks
77.90% 40.50% 97.02% 64.76%
Bonds
16.75% 1.31% 91.81% 46.70%
Cash
4.98% -73.90% 14.87% 27.31%
Convertible Bonds
0.32% 0.00% 0.91% 18.06%
Other
0.03% -0.33% 39.22% 72.69%
Preferred Stocks
0.01% 0.00% 0.93% 73.13%

Stock Sector Breakdown

Weighting Return Low Return High SMTSX % Rank
Technology
17.90% 11.16% 23.13% 75.33%
Financial Services
16.35% 10.20% 16.77% 8.37%
Consumer Cyclical
13.26% 9.21% 13.63% 13.22%
Healthcare
11.31% 10.72% 18.09% 96.04%
Industrials
10.16% 8.75% 14.46% 68.28%
Communication Services
8.36% 6.03% 11.05% 68.72%
Real Estate
8.10% 1.89% 10.00% 19.82%
Consumer Defense
5.80% 5.13% 12.49% 95.15%
Basic Materials
3.55% 2.43% 7.35% 91.19%
Utilities
2.75% 0.79% 4.98% 71.81%
Energy
2.45% 1.58% 4.02% 66.52%

Stock Geographic Breakdown

Weighting Return Low Return High SMTSX % Rank
US
44.20% 9.56% 67.14% 85.02%
Non US
33.70% 11.77% 44.62% 22.03%

Bond Sector Breakdown

Weighting Return Low Return High SMTSX % Rank
Corporate
40.17% 0.11% 56.72% 18.94%
Cash & Equivalents
22.59% 1.00% 49.69% 46.26%
Securitized
21.46% 0.00% 33.79% 24.23%
Government
15.65% 9.29% 61.72% 88.55%
Municipal
0.12% 0.00% 13.58% 66.08%
Derivative
0.01% 0.00% 32.90% 62.11%

Bond Geographic Breakdown

Weighting Return Low Return High SMTSX % Rank
US
14.86% -0.45% 55.25% 42.73%
Non US
1.89% 0.18% 65.92% 55.51%

SMTSX - Expenses

Operational Fees

SMTSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.27% 0.01% 12.08% 79.33%
Management Fee 0.00% 0.00% 0.88% 31.72%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% 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 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.

SMTSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.00% 0.00% 101.00% 85.78%

SMTSX - Distributions

Dividend Yield Analysis

SMTSX Category Low Category High SMTSX % Rank
Dividend Yield 0.00% 0.00% 2.35% 98.26%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SMTSX Category Low Category High SMTSX % Rank
Net Income Ratio 1.73% -0.27% 6.94% 58.33%

Capital Gain Distribution Analysis

SMTSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

SMTSX - Fund Manager Analysis

Managers

Jeffrey Geller


Start Date

Tenure

Tenure Rank

Jul 02, 2008

12.34

12.3%

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

10.01

10.0%

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

1.72

1.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.2 18.1 5.45 0.83
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