JPMorgan SmartRetirement 2035 Fund
Target-date 2035 fund
As of its 2026 Q2 report, JPMorgan SmartRetirement 2035 Fund held 24 positions with $3.43B in net assets. Its ten largest holdings made up 86.2% of the fund. The SRJAX share class costs 0.83% a year. Over the 12 months to May 2026, SRJAX returned 18.7%, with dividends reinvested. In 2026 Q2 it added 1 new positions and exited 1.
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.
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.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
JPMorgan Core Plus Bond Fund | 17.17% | $589.10M | — |
JPMorgan Core Bond Fund | 10.29% | $353.24M | — |
JPMorgan U.S. Research Enhanced Equity Fund | 10.27% | $352.56M | — |
JUEMXJPMorgan U.S. Equity Fund | 10.27% | $352.43M | — |
JPMorgan International Research Enhanced Equity ETF | 9.63% | $330.47M | — |
JPMorgan Global Select Equity ETF | 6.78% | $232.60M | — |
JPMorgan Value Advantage Fund | 6.24% | $214.14M | — |
JPMorgan Growth Advantage Fund | 6.14% | $210.67M | — |
JNEMXJPMorgan International Equity Fund | 5.32% | $182.48M | — |
JHYUXJPMorgan High Yield Fund | 4.08% | $140.16M | — |
All 24 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Other | 98.69% |
| Cash & short-term | 1.17% |
| Bonds | 0.12% |
| Derivatives | 0.02% |
Derivatives are shown at market value, not notional exposure.
How it has done
SRJAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.91%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 8 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.83% | +18.70% | +51.91% | +38.43% | -8.02% | |
| 1.39% | +18.04% | +49.37% | +34.57% | -8.11% | |
| 0.64% | +18.92% | +52.79% | +39.72% | -7.96% | |
| 0.49% | +19.12% | +53.46% | +40.81% | -8.00% | |
| 1.14% | +18.30% | +50.48% | +36.29% | -8.08% | |
| 0.39% | +19.22% | +53.96% | +41.50% | -7.94% | |
| 0.89% | +18.60% | +51.53% | +37.96% | -8.03% | |
| 0.64% | +18.93% | +52.82% | +39.80% | -7.97% |
These classes hold the same portfolio, so the 6.92pp spread over 5 years is the cost difference between them — roughly 1.38pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.39% – 1.39%· SRJAX 0.83%
- Portfolio turnover
- 17.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
1 new· not itemized for this fund
1 exited· not itemized for this fund
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
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