JPMorgan SmartRetirement 2035 Fund

JPMorgan Trust I · 8 share classes

Target-date 2035 fund
One fund, 8 share classes:SRJAXSRJCXSRJSXSRJIXSRJZXSRJYXSRJPXSRJQX
$3.43B NAV
24 positions · as of 2026-06-30 · filed 2026-08-28

Fund classification

Classified from what the fund holds · as of 2026 Q2

JPMorgan SmartRetirement 2035 Fund is a target-date 2035 fund.

Asset class
Target-date
Region
United States
Management
Actively managed
Fund type
Open-end fund
Target year
2035
Features
Fund of funds

Fund profile

As filed in the prospectus · 2025 Q4

The Fund seeks high total return with a shift to current income and some capital appreciation over time as the Fund approaches and passes the target retirement date.

Strategy · summarised

The fund invests in a portfolio of underlying mutual funds and ETFs—primarily JPMorgan funds for active strategies and JPMorgan passive ETFs for index exposure, with unaffiliated passive ETFs used only when JPMorgan equivalents are unavailable—along with direct securities holdings and derivatives. The fund's asset allocation begins heavily weighted toward equities and gradually shifts toward fixed income and cash as it approaches its 2035 target retirement date, with the adviser adjusting allocations periodically based on market conditions and investor behavior. Actual allocations may deviate from stated targets by up to 15 percent, or beyond that amount if the adviser determines conditions warrant substantial risk reduction to preserve capital.

Expenses
0.39% 1.39%across 8 share classes
Share classGrossNet
SRJAX0.91%0.83%
SRJCX1.44%1.39%
SRJSX0.65%0.64%
SRJIX0.50%0.49%
SRJZX1.15%1.14%
SRJYX0.40%0.39%
SRJPX0.91%0.89%
SRJQX0.66%0.64%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 17.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.01%
of net assets
Other98.69%
Cash & short-term1.17%
Bonds0.12%
Derivatives0.02%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 1 new1 exited

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+20.33%+46.93%+36.78%9.18%-8.02%
+19.61%+44.52%+32.93%9.14%-8.11%
+20.54%+47.76%+38.02%9.17%-7.96%
+20.75%+48.50%+39.09%9.20%-8.00%
+19.93%+45.57%+34.64%9.18%-8.08%
+20.80%+48.92%+39.77%9.20%-7.94%
+20.23%+46.68%+36.30%9.20%-8.03%
+20.56%+47.88%+38.10%9.22%-7.97%

These classes hold the same portfolio, so the 6.84pp spread over 5 years is the cost difference between them — roughly 1.37pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30

Avg coupon
4.13%
Avg maturity
0.59 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Fixed rate100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y
<1y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
JPMorgan Core Plus Bond Fund17.17%$589.10M
JPMorgan Core Bond Fund10.29%$353.24M
JPMorgan U.S. Research Enhanced Equity Fund10.27%$352.56M
JPMorgan U.S. Equity FundJUEMX10.27%$352.43M
JPMorgan International Research Enhanced Equity ETF9.63%$330.47M
JPMorgan Global Select Equity ETF6.78%$232.60M
JPMorgan Value Advantage Fund6.24%$214.14M
JPMorgan Growth Advantage Fund6.14%$210.67M
JPMorgan International Equity FundJNEMX5.32%$182.48M
JPMorgan High Yield FundJHYUX4.08%$140.16M
Showing 10 of 24Sign in to see more

Top 10 positions are 86.20% of net assets, top 25 100.01%, across 23 issuers.

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