JPMorgan SmartRetirement Blend 2030 Fund
JPMorgan Trust I · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
JPMorgan SmartRetirement Blend 2030 Fund is a target-date 2030 fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Target year
- 2030
- 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.
The fund invests in a mix of J.P. Morgan mutual funds and ETFs, along with direct securities holdings, across equity, fixed income, and cash positions. Its asset allocation gradually shifts from equity-heavy toward fixed income as the fund approaches its 2030 target retirement year, becoming more conservative over time. The adviser uses passive funds for efficient markets like U.S. large-cap equities and actively managed funds elsewhere, with allocations that may deviate from stated targets by up to 15 percent as market conditions warrant.
| Share class | Gross | Net |
|---|---|---|
| JRBEX | 0.61% | 0.42% |
| JRBRX | 1.10% | 0.92% |
| JRBBX | 0.45% | 0.27% |
| JRBYX | 0.35% | 0.17% |
| JUTPX | 0.85% | 0.67% |
| JUTUX | 0.60% | 0.42% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 25.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Other | 71.15% |
| Bonds | 16.43% |
| Securitized | 10.52% |
| Cash & short-term | 1.88% |
| Derivatives | 0.05% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: United States of America ×5, FNMA, FNMA/FHLMC, GoodLeap Home Improvement Solutions Trust
Largest exited: United States of America ×3, FNMA ×4, FHLMC Pool
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +19.55% | +43.74% | +34.63% | 7.96% | -7.77% | |
| +18.93% | +41.56% | +31.27% | 7.94% | -7.85% | |
| +19.76% | +44.36% | +35.64% | 7.98% | -7.74% | |
| +19.84% | +44.82% | +36.33% | 7.95% | -7.70% | |
| +19.25% | +42.67% | +32.97% | 7.93% | -7.81% | |
| +19.54% | +43.70% | +34.60% | 7.91% | -7.75% |
These classes hold the same portfolio, so the 5.06pp spread over 5 years is the cost difference between them — roughly 1.01pp a year — not a difference in what they own.
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
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 | 81.9% |
| Floating rate | 14.9% |
| Zero-coupon or unclassified | 3.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.9% |
| 1-3y | 7.3% |
| 3-5y | 16.0% |
| 5-10y | 32.3% |
| 10y+ | 42.4% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 71% |
| Credit spreads | 29% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.88 yr |
| High yield | -0.08 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.06 yr | 3% |
| 1 yr | 0.40 yr | 21% |
| 5 yr | 0.68 yr | 36% |
| 10 yr | 0.50 yr | 26% |
| 30 yr | 0.25 yr | 13% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.07 yr | 9% |
| 5 yr | 0.20 yr | 26% |
| 10 yr | 0.40 yr | 51% |
| 30 yr | 0.12 yr | 15% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.06 | +0.00 | +0.00 | $332 | $86 |
| 1 yr | +0.40 | +0.06 | +0.01 | $19.1k | $3.1k |
| 5 yr | +0.68 | +0.30 | -0.10 | $98.5k | -$32.5k |
| 10 yr | +0.50 | +0.40 | +0.01 | $128.6k | $1.7k |
| 30 yr | +0.25 | +0.12 | +0.00 | $37.4k | $383 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| OGFAX | JPMorgan Equity Index FundOGFAX | 28.88% | $934.98M | — |
| — | JPMorgan BetaBuilders International Equity ETF | 13.59% | $439.87M | — |
| — | JPMorgan Core Plus Bond Fund | 9.08% | $293.96M | — |
| JHYUX | JPMorgan High Yield FundJHYUX | 5.46% | $176.66M | — |
| — | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 3.19% | $103.38M | — |
| EMRSX | JPMorgan Emerging Markets Research Enhanced Equity FundEMRSX | 2.55% | $82.48M | — |
| — | JPMorgan BetaBuilders Emerging Markets Equity ETF | 2.38% | $77.14M | — |
| — | JPMorgan Inflation Managed Bond ETF | 2.11% | $68.21M | — |
| MGMXX | JPMorgan U.S. Government Money Market FundMGMXX | 1.88% | $60.79M | — |
| — | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 1.45% | $46.80M | — |
Top 10 positions are 70.56% of net assets, top 25 78.59%, across 420 issuers.
See more of this fund's book
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