JPMorgan SmartRetirement 2040 Fund Class R6
SMTYX
NASDAQ- -
USD
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Capital Structure
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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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- JPMorgan Trust I DE United States of America
- IPO Date
- Nov 4, 2014
- CIK
- 0001217286
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan SmartRetirement 2040 Fund Class R6 (SMTYX) operates as a target-date mutual fund designed to provide high total return with a gradual shift toward current income and capital preservation for investors planning retirement around 2040. The fund employs a professionally managed, multi-asset portfolio that strategically adjusts allocations over time, becoming more conservative as it nears the target date; it invests in approximately 22 underlying strategies, including 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%). Managed by the J.P. Morgan Multi-Asset Solutions team, led by portfolio managers Daniel Oldroyd (26 years experience), Ove Fladberg (26 years), Anshul Mohan (15 years), and overseen by Jeffrey Geller (47 years), the fund implements its approach through target asset allocation, underlying strategy selection, and active tactical adjustments informed by J.P. Morgan's asset class specialists. The fund, part of J.P. Morgan Asset Management's SmartRetirement series under JPMorgan Chase & Co., targets retirement plan participants and individual investors seeking diversified, glide-path managed exposure across equity, fixed income, and real asset classes; it holds approximately $4.35 billion in assets and is available through various share classes including R6 (launched November 3, 2014; CUSIP 46641U754; net expenses 0.400%). Operations span global markets via underlying funds tracking indices such as S&P 500, MSCI EAFE, MSCI Emerging Markets, Bloomberg U.S. Aggregate, and others, with headquarters in New York, New York, as part of J.P. Morgan's asset management division established through the firm's broader history dating back to 2006 for the SmartRetirement series inception. Recent developments include a 2 percentage point equity trim in 2024 for funds dated 2035 or later based on retirement research indicating lower risk needs to meet goals, maintaining an overweight equity stance relative to peers until 10 years pre-retirement and a 40% equity weighting post-retirement; addition of Anshul Mohan as a veteran multi-asset portfolio manager in 2023 and Michael Conrath as chief retirement strategist; launch of the SmartRetirement Lifetime Income solution in August 2024 offering lifetime income streams via unaffiliated insurers on a stable value structure; and an operational shift announced for November 2025 where target-date funds merge into the Income fund several years post-target date to facilitate systematic spend-down, complemented by online tools for annual withdrawal guidance. Jeffrey Geller's planned retirement in early 2026 is supported by deepened retirement research, tactical allocation, and manager selection expertise; the 2020 fund merged into the Income fund on April 25, 2025, with underlying strategic allocations last updated April 1, 2025.