JPMorgan SmartRetirement Blend 2035 Fund
JPMorgan Trust I · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
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, 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.
| Share class | Gross | Net |
|---|---|---|
| JPSRX | 0.69% | 0.42% |
| JPRRX | 1.13% | 0.92% |
| JPBRX | 0.48% | 0.27% |
| JPYRX | 0.38% | 0.17% |
| JPTKX | 0.63% | 0.42% |
| JPTLX | 0.88% | 0.67% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 24.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Latest quarter
What changed since the fund's previous filing
Largest new: United States of America ×4, FNMA/FHLMC ×4
Largest exited: United States of America ×4, FNMA ×3, 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 |
|---|---|---|---|---|---|
| +23.05% | +50.81% | +42.39% | 9.27% | -8.46% | |
| +22.46% | +48.60% | +38.89% | 9.27% | -8.61% | |
| +23.25% | +51.54% | +43.50% | 9.27% | -8.44% | |
| +23.38% | +51.99% | +44.19% | 9.30% | -8.40% | |
| +23.05% | +50.82% | +42.39% | 9.26% | -8.49% | |
| +22.77% | +49.73% | +40.70% | 9.32% | -8.55% |
These classes hold the same portfolio, so the 5.30pp spread over 5 years is the cost difference between them — roughly 1.06pp 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 | 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.
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 | 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 | — |
| JHYUX | JPMorgan High Yield FundJHYUX | 4.05% | $156.40M | — |
| — | JPMorgan BetaBuilders Emerging Markets Equity ETF | 3.25% | $125.66M | — |
| EMRSX | JPMorgan Emerging Markets Research Enhanced Equity FundEMRSX | 3.11% | $120.25M | — |
| MGMXX | JPMorgan U.S. Government Money Market FundMGMXX | 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 | — |
Top 10 positions are 89.34% of net assets, top 25 93.76%, across 371 issuers.
See more of this fund's book
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