JPMorgan SmartRetirement Blend 2045 Fd R5
JMBRX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Columbus OH 43240 New York NY United States of America 10172
- IPO Date
- Jul 2, 2012
- CIK
- 0001217286
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan SmartRetirement Blend 2045 Fund Class R5 (JMBRX) operates as a target-date mutual fund designed for investors planning to retire around 2045, providing a professionally managed, diversified portfolio that automatically shifts from growth-oriented assets to more conservative allocations as the target date approaches. The fund pursues its objectives through a multi-asset strategy combining target asset allocation, underlying strategy selection, and active asset allocation adjustments informed by J.P. Morgan's proprietary research, including participant behavior insights from partnerships with JPMorgan Chase Bank; it invests primarily in approximately 15 underlying funds covering U.S. large cap equity (46.4%), international developed equity (22.0%), emerging markets equity (8.1%), U.S. fixed income (10.5%), high yield (1.4%), emerging markets debt (0.4%), U.S. mid cap equity (6.2%), U.S. small cap equity (3.4%), REITs (1.8%), and minimal cash equivalents. Launched on July 2, 2012, with its R5 share class headquartered under J.P. Morgan Asset Management in the United States, the fund targets retirement savers and plans with total net assets of approximately $2.27-2.9 billion, a net expense ratio of 0.27%, and no minimum initial investment. Recent strategic adjustments include a 2021-22 glide path overhaul incorporating the SmartSpending framework to address volatile early-retirement spending patterns and extend funding support to age 100, boosting post-retirement equity to 40% and elevating young-investor equity exposure by 3 percentage points to 94%; this was followed in 2024 by a 2 percentage point equity trim for portfolios dated 2035 or later based on research indicating reduced risk needs for goal achievement. Starting November 2024, funds in the SmartRetirement series, including those approaching 2045, merge into the Income fund several years post-target date while retaining online spend-down guidance tools. The fund maintains a Bronze Morningstar Medalist Rating as of November 2024 and a three-star overall rating as of December 31, 2024, reflecting its risk-adjusted performance in the Target-Date 2045 category, managed by a seasoned team including Ove Fladberg, Silvia Trillo, Daniel Oldroyd (each with 26 years experience), Jeffrey Geller (47 years), and Anshul Mohan (14 years).