JPMorgan SmartRetirement 2040 Fund Class C
SMTCX
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
- 277 Park Avenue New York NY United States of America 10172
- IPO Date
- May 15, 2006
- CIK
- 0001217286
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan SmartRetirement 2040 Fund Class C (SMTCX) is a target-date mutual fund managed by J.P. Morgan Asset Management that provides a professionally managed, diversified portfolio designed for investors planning to retire around 2040, strategically shifting from high total return toward current income and capital appreciation as it approaches and passes the target date. The fund invests primarily in a mix of underlying mutual funds and exchange-traded funds (ETFs) affiliated with J.P. Morgan, including exposures to U.S. large cap equity (41.7%), international developed equity (19.8%), U.S. fixed income (18.0%), emerging markets equity (7.3%), U.S. mid cap equity (5.5%), high yield (2.3%), U.S. small cap equity (3.0%), REITs (1.6%), and emerging markets debt (0.6%), with approximately 22 holdings and a strategic glide path that becomes more conservative over time. Class C shares, launched on May 15, 2006, feature a net expense ratio of 1.40%, a contingent deferred sales charge, and total assets under management of approximately $4.35 billion as of September 30, 2025. J.P. Morgan Asset Management, the fund's investment adviser and a division of JPMorgan Chase & Co. (founded in 1799 with asset management roots tracing to 1871), is headquartered at 270 Park Avenue in New York, NY, and operates globally with a focus on multi-asset solutions for institutional and retail investors targeting retirement planning. The SmartRetirement series, including SMTCX, benefits from a veteran management team led by Daniel Oldroyd (26 years experience, Head of Target Date Strategies), Ove Fladberg (26 years), Anshul Mohan (15 years), and Jeffrey Geller (47 years), who leverage proprietary research from participant data via Chase Bank partnerships and tools like the SmartSpending program. Recent developments include a 2 percentage point equity trim in 2024 for portfolios dated 2035 or later based on retirement research findings that investors require less risk to meet goals; integration of SmartSpending methodology across SmartRetirement funds post-target date to support 35-year withdrawals; and a shift starting November 2024 where funds merge into the Income fund several years after the target date while retaining spend-down guidance via online tools. In August 2024, J.P. Morgan launched SmartRetirement Lifetime Income, a new target-date offering partnering with Equitable for annuity-based lifetime income transparency. In 2025, the firm introduced SmartRetirement Plus linking to AIG Life & Retirement annuities and plans further modifications to blend series asset allocations for enhanced retirement security amid ongoing research into participant behaviors, such as credit card debt impacts revealed in December 2025 studies.