JPMorgan SmartRetirement Blend 2035 Fund
Target-date 2035 fund
As of its 2026 Q2 report, JPMorgan SmartRetirement Blend 2035 Fund held 959 positions with $3.86B in net assets. Its ten largest holdings made up 89.3% of the fund. The JPSRX share class costs 0.42% a year. Over the 12 months to May 2026, JPSRX returned 22.3%, with dividends reinvested. In 2026 Q2 it added 112 new positions and exited 52.
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, allocated across equities, fixed income, and cash to match a target retirement year of 2035. The asset allocation gradually shifts from equity-heavy toward fixed income and more conservative positioning as the target date approaches. The adviser favors passive funds in efficient markets like U.S. large-cap and developed international equities, but selects actively managed J.P. Morgan funds for other exposures, without systematically evaluating unaffiliated alternatives. Actual allocations may diverge from stated targets by up to 15 percent, or beyond that amount if the adviser determines conditions warrant substantial risk reduction.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
OGFAXJPMorgan Equity Index Fund | 35.43% | $1.37B | — |
JPMorgan Core Plus Bond Fund | 17.02% | $657.39M | — |
JPMorgan BetaBuilders International Equity ETF | 16.94% | $654.28M | — |
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 4.07% | $157.17M | — |
JHYUXJPMorgan High Yield Fund | 4.05% | $156.40M | — |
JPMorgan BetaBuilders Emerging Markets Equity ETF | 3.25% | $125.66M | — |
EMRSXJPMorgan Emerging Markets Research Enhanced Equity Fund | 3.11% | $120.25M | — |
MGMXXJPMorgan U.S. Government Money Market Fund | 2.22% | $85.61M | — |
JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 1.90% | $73.55M | — |
JPMorgan BetaBuilders MSCI US REIT ETF | 1.35% | $52.20M | — |
The 200 largest of 959 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 | 88.09% |
| Bonds | 6.58% |
| Securitized | 3.72% |
| Cash & short-term | 2.22% |
| Derivatives | 0.04% |
Derivatives are shown at market value, not notional exposure.
How it has done
JPSRX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.15%. 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 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.42% | +22.29% | +57.28% | +44.95% | -8.46% | |
| 0.92% | +21.74% | +54.97% | +41.38% | -8.61% | |
| 0.27% | +22.49% | +58.00% | +46.03% | -8.44% | |
| 0.17% | +22.62% | +58.47% | +46.79% | -8.40% | |
| 0.42% | +22.33% | +57.31% | +44.96% | -8.49% | |
| 0.67% | +22.02% | +56.11% | +43.17% | -8.55% |
These classes hold the same portfolio, so the 5.42pp spread over 5 years is the cost difference between them — roughly 1.08pp a year — not a difference in what they own.
Fees & fund details
JPMorgan SmartRetirement Blend 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
- 0.17% – 0.92%· JPSRX 0.42%
- Portfolio turnover
- 24.00% 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.
112 new· the largest 2
52 exited· the largest 3
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 | 79.6% |
| Floating rate | 13.3% |
| Zero-coupon or unclassified | 7.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.0% |
| 1-3y | 7.2% |
| 3-5y | 17.4% |
| 5-10y | 30.0% |
| 10y+ | 43.3% |
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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