JPMorgan SmartRetirement Blend 2035 R6
JPYRX
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- JPMorgan SmartRetirement Blend 2035 Fund Class R6 (JPYRX) is a target-date mutual fund managed by J.P. Morgan Asset Management that seeks high total return through a professionally managed, diversified portfolio, shifting to current income and capital preservation as it approaches and passes the 2035 target retirement date around which investors plan to retire and withdraw funds. The fund invests primarily in underlying mutual funds and ETFs from J.P. Morgan and select unaffiliated passive strategies, including U.S. large cap equity (such as JPMorgan Equity Index Fund R6 at around 37%), core plus bonds (JPMorgan Core Plus Bond Fund R6 at around 19%), international developed equity (JPMorgan BetaBuilders International Equity ETF at around 17%), U.S. mid cap equity, high yield bonds (JPMorgan High Yield Fund R6), emerging markets equity (via both ETF and research-enhanced fund), U.S. small cap equity, REITs, emerging markets debt, and inflation-managed fixed income; it maintains approximately 804 holdings with a strategic glide path that targets higher equity exposure early (up to 90% stocks), transitioning to 40% stocks, 55% bonds, and 5% cash equivalents post-retirement. Launched on July 2, 2012, with R6 class inception on the same date and headquartered in New York, New York as part of J.P. Morgan Asset Management (a business line of JPMorgan Chase & Co.), the fund operates globally through its underlying strategies, targeting retirement savers in the U.S. with assets under management of approximately $3.6 billion, a low expense ratio of 0.04%-0.17% (net), and turnover of 24%; minimum initial investment stands at $15 million. In recent years, the SmartRetirement series—including this 2035 fund—trimmed equities by 2 percentage points in 2024 for portfolios dated 2035 or later based on research indicating reduced risk needed to meet retirement goals, while remaining overweight equities versus peers until 10 years pre-retirement and underweight by 2 points at retirement (stabilizing at 40% equity thereafter); the franchise, managing near $100 billion, has shifted tactical allocation focus almost entirely to asset-class adjustments rather than sector or regional tilts. J.P. Morgan Asset Management expanded the broader SmartRetirement suite with launches including SmartRetirement Lifetime Income℠ in August 2024 and SmartRetirement Plus (partnered with AIG for retirement income options), alongside ongoing enhancements like the ActiveBuilders ETF suite and forestry investments aligned with UN Sustainable Development Goals, reflecting strategic evolution in retirement solutions without fund-specific acquisitions or name changes reported for JPYRX.