JPMorgan SmartRetirement Blend 2045 Fund
JPMorgan Trust I · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
JPMorgan SmartRetirement Blend 2045 Fund is a target-date 2045 fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Target year
- 2045
- 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 underlying mutual funds and ETFs—primarily J.P. Morgan funds for actively managed strategies and passive ETFs for efficient markets like U.S. large-cap and developed international equities—along with direct securities holdings, to track a target allocation that gradually shifts from equity-heavy toward fixed income as the fund approaches its 2045 target retirement year. The adviser may deviate from stated allocations by up to 15 percent, or beyond that amount if it determines market conditions require larger shifts to reduce risk and preserve capital.
| Share class | Gross | Net |
|---|---|---|
| JMSSX | 0.61% | 0.42% |
| JNARX | 1.10% | 0.92% |
| JMBRX | 0.45% | 0.27% |
| JMYAX | 0.35% | 0.17% |
| JNTOX | 0.85% | 0.67% |
| JNTLX | 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 18.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Other | 98.32% |
| Cash & short-term | 1.53% |
| Bonds | 0.14% |
| Derivatives | 0.04% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
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 |
|---|---|---|---|---|---|
| +27.89% | +61.06% | +53.03% | 11.18% | -9.49% | |
| +27.27% | +58.65% | +49.22% | 11.18% | -9.63% | |
| +28.09% | +61.77% | +54.14% | 11.20% | -9.45% | |
| +28.23% | +62.29% | +54.95% | 11.20% | -9.44% | |
| +27.55% | +59.84% | +51.12% | 11.18% | -9.53% | |
| +27.89% | +60.99% | +53.02% | 11.18% | -9.47% |
These classes hold the same portfolio, so the 5.72pp spread over 5 years is the cost difference between them — roughly 1.14pp 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 | 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.
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 | 45.03% | $1.46B | — |
| — | JPMorgan BetaBuilders International Equity ETF | 21.63% | $703.71M | — |
| — | JPMorgan Core Plus Bond Fund | 8.57% | $278.87M | — |
| — | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 5.38% | $175.06M | — |
| — | JPMorgan BetaBuilders Emerging Markets Equity ETF | 4.08% | $132.72M | — |
| EMRSX | JPMorgan Emerging Markets Research Enhanced Equity FundEMRSX | 3.95% | $128.39M | — |
| — | JPMorgan Core Bond Fund | 2.85% | $92.72M | — |
| — | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 2.65% | $86.29M | — |
| JHYUX | JPMorgan High Yield FundJHYUX | 2.02% | $65.74M | — |
| — | JPMorgan BetaBuilders MSCI US REIT ETF | 1.73% | $56.30M | — |
Top 10 positions are 97.90% of net assets, top 25 100.03%, across 14 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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