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              CONTINUE Go Back

              <p>SmartRetirement Blend target date funds</p>

              Built on real-world financial insights. Backed by the industry’s longest track record.1

              1. Home | US Financial Professionals
              2. Investment Strategies
              3. Retirement Plan Solutions

              We know people. We know markets.

              Saving for retirement is a marathon, not a sprint. Our goal is to get the maximum number of participants over the “retirement finish line” while minimizing their risks. What makes us different is how we support people with the risks they encounter along the way.

              We solve for participant risks.

              We have a deep understanding of how Americans save and spend, linking EBRI saving data with Chase spending data across 35 million participants.

               

              2022-2024 glide path updates added +43 to +71 bps of performance annually.2

              We solve for market risk.

              Through global asset class diversification and thoughtful active management, we balance risk and return, especially when participants are most vulnerable.

               

              During 10% S&P 500 drawdowns, we have outperformed the market 10 out of 12 times in vintages five or fewer years from retirement.3

              Winner of a P&I Eddy Award.

              Pensions & Investments (P&I) recognized SmartRetirement with the 2026 award for best ongoing investment education.4

              Past performance is no guarantee of future results.

              A more intelligent approach to retirement

              Morningstar Medalist Rating™
              Analyst-Driven %: 100
              Date Coverage %: 100 
              Category: Target-Date
              Gold rating as of April 27, 2026

              Source: Morningstar. Target-Date categories. Medalist rating applies to SmartRetirement Blend R6 mutual funds only.

              What SmartRetirement is built to do

              Informed on deep insight into how people save and spend, SmartRetirement® Funds are designed to help participants pursue retirement income goals and support the shift from saving to spending.

              Our approach is informed by broad data sources, including unique Chase insights representing over half of U.S. households, so strategies reflect real retiree spending behavior—not assumptions.

              A glide path tailored for real-world participant behavior and market realities

              landing-page-glide-path-9.24-r6

              Chart source: J.P. Morgan Asset Management. Diversification and asset allocation do not guarantee investment returns and do not eliminate the risk of loss.

              For illustrative purposes only.

              The SmartRetirement target date series

              Advisor resources

              Leverage these client-ready resources to support your client conversations. Presentations include easy-to-follow speaking points.

              SmartRetirement Blend summary deck

              Access this presentation to support client conversations about SmartRetirement Blend.

              SmartRetirement

              summary deck

              Support your discussions about our active SmartRetirement series.

              SmartRetirement 

              brochure

              Share this informative brochure that explains how SmartRetirement works and how it's different.

              Retirement Insights

              Portfolio management team

              Jamie Kramer

              Head of Global Multi-Asset Solutions

              32 years with J.P. Morgan
              33 years in the Industry
              View Full Profile

              Daniel Oldroyd

              Portfolio Manager and Head of Target Date Strategies

              26 years with J.P. Morgan
              27 years in the Industry
              View Full Profile

              Ove Fladberg

              CIO, Global Head of Target Date and Investor Solutions, MAS

              23 years with J.P. Morgan
              27 years in the Industry
              View Full Profile

              Anshul Mohan

              Portfolio Manager, Multi-Asset Solutions

              16 years with J.P. Morgan
              16 years in the Industry
              View Full Profile

              Jeffrey Geller

              Portfolio Manager

              21 years with J.P. Morgan
              49 years in the Industry
              View Full Profile
              Jamie Kramer

              Jamie Kramer

              Head of Global Multi-Asset Solutions

              Daniel Oldroyd

              Daniel Oldroyd

              Portfolio Manager and Head of Target Date Strategies

              Ove Fladberg

              Ove Fladberg

              CIO, Global Head of Target Date and Investor Solutions, MAS

              Anshul Mohan

              Anshul Mohan

              Portfolio Manager, Multi-Asset Solutions

              Jeffrey Geller

              Jeffrey Geller

              Portfolio Manager

              Read more

              A range of solutions to solve for a variety of needs

              Our target date series can be delivered in a variety of different vehicles, as well as custom glide path solutions

              The strategic asset allocation depicts the Fund’s targeted weights. Actual allocations may differ. We may adjust this amount based on J.P. Morgan’s internal research and market conditions. Diversification and asset allocation do not guarantee investment returns and do not eliminate the risk of loss. Past performance does not guarantee future results.

              1 Morningstar, Based on Morningstar’s Target Date Blend Category, JPMorgan SmartRetirement Blend 2025 R6 shares; inception date 7/2/2012.

              2 Source: J.P. Morgan Asset Management, 2025.

              3 Source: Morningstar. Performance (net of fees) is based off the JPMorgan SmartRetirement Blend 2020 and 2025 Fund (R6 Class) relative to the 2020 Morningstar peer universe, through manager during equity drawdowns of 10% or more. Past performance is no guarantee of future results.

              4 JPMorgan Asset Management (JPMAM) was honored with a 2026 Pensions & Investments Eddy Award on March 17, 2026, recognizing our calendar-year 2025 performance in Ongoing Investment Education. Please note that the number of entries was not disclosed to JPMAM, and participation required a submission fee. This award does not guarantee future performance result.

              Inflation managed is allocated to TIPS (Treasury Inflation-Protected Securities): Treasury bonds adjusted to eliminate the inflation effects on interest and principal payments, as measured by the Consumer Price Index (CPI). REITs (Real Estate Investment Trusts): Companies that own or finance income-producing real estate, providing investors of all types regular income streams, diversification and long-term capital appreciation.

              TARGET DATE FUNDS: The JPMorgan SmartRetirement Funds are target date funds with the target date being the approximate date when investors plan to retire. Generally, the asset allocation of each Fund will change on an annual basis with the asset allocation becoming more conservative as the Fund nears the target retirement date. The principal value of the Fund(s) is not guaranteed at any time, including at the target date.

              RISKS ASSOCIATED WITH INVESTING IN THE FUNDS. Certain underlying J.P. Morgan Funds may invest in foreign/emerging market securities, small capitalization securities and/or high-yield fixed income instruments. There may be unique risks associated with investing in these types of securities. International investing involves increased risk and volatility due to possibilities of currency exchange rate volatility, political, social or economic instability, foreign taxation and differences in auditing and other financial standards. The Fund may invest a portion of its securities in small-cap stocks. Small-capitalization funds typically carry more risk than stock funds investing in well-established "blue-chip" companies since smaller companies generally have a higher risk of failure. Historically, smaller companies' stock has experienced a greater degree of market volatility than the average stock. Securities rated below investment grade are called "high yield bonds," "non-investment grade bonds," "below investment-grade bonds," or "junk bonds." They generally are rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investor Service. Although these securities tend to provide higher yields than higher rated securities, there is a greater risk that the Fund's share price will decline. Real estate funds may be subject to a higher degree of market risk because of concentration in a specific industry, sector or geographical sector. Real estate funds may be subject to risks including, but not limited to, declines in the value of real estate, risks related to general and economic conditions, changes in the value of the underlying property owned by the trust and defaults by borrower.

              There may be additional fees or expenses associated with investing in a Fund of Funds strategy.

              INDEXES

              Index returns are for illustrative purposes only. Mutual funds and ETFs have fees that reduce their performance; indexes do not. You cannot invest directly in an index.

              The S&P Target Date Index Series reflects exposure to various asset classes included in target date funds driven by a survey of such funds for each particular target date. These asset class exposures are represented by indices of securities in the index calculation. Prior to May 31, 2017 the asset class exposures were represented by ETFs net of fees. The Index returns are calculated on a daily basis.

              ENTITIES

              The Morningstar Rating,TM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10- year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Rankings do not take sales loads into account.

              Some of Morningstar's proprietary calculations, including the Morningstar RatingTM, are not customarily calculated based on adjusted historical returns. However, for new share classes/channels, Morningstar may calculate an extended performance Morningstar Rating. The extended performance is calculated by adjusting the historical total returns of the oldest share class of a fund to reflect the fee structure of the younger share class/channel, attaching this data to the younger share class' performance record, and then compounding the adjusted plus actual monthly returns into the extended performance Morningstar Risk-Adjusted Return for the three-, five-, and 10-year time periods. The Morningstar Risk-Adjusted Returns are used to determine the extended performance Morningstar Rating. The extended performance Morningstar Rating for this fund does not affect the retail fund data published by Morningstar, as the bell curve distribution on which the ratings are based includes only funds with actual returns. The Overall Morningstar Rating for multi-share funds is based on actual performance only or extended performance only. Once the share class turns three years old, the Overall Morningstar Rating will be based on actual ratings only. The Overall Morningstar Rating for multi-share variable annuities is based on a weighted average of any ratings that are available.

              While the inclusion of pre-inception data, in the form of extended performance, can provide valuable insight into the probable long-term behavior of newer share classes of a fund, investors should be aware that an adjusted historical return can only provide an approximation of that behavior. For example, the fee structures of a retail share class will vary from that of an institutional share class, as retail shares tend to have higher operating expenses and sales charges. These adjusted historical returns are not actual returns. The underlying investments in the share classes used to calculate the pre-performance string will likely vary from the underlying investments held in the fund after inception. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself.

              The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the manager research analysts of Morningstar. Morningstar evaluates funds based on five key pillars: process, performance, people, parent and price. Analysts use this five-pillar evaluation to determine how they believe funds are likely to perform over the long term on a risk-adjusted basis. They consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, Negative. A Morningstar Analyst Rating of Gold, Silver or Bronze reflects an Analyst’s conviction in a fund’s prospects for outperformance. Analyst Ratings are continuously monitored and reevaluated at least every 14 months.

              For more details about Morningstar’s Analyst Rating, including its methodology, go to https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx.

              The Morningstar Analyst Rating should not be used as the sole basis in evaluating a fund, involves unknown risks and uncertainties which may cause the Manager Research Group’s expectations not to occur or to differ significantly from what they expected, and should not be considered an offer or solicitation to buy or sell the fund.

              CONFLICTS OF INTEREST: Refer to the Conflicts of Interest section of the Fund's Prospectus.

              The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10- year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Rankings do not take sales loads into account.

              The Morningstar Medalist RatingTM is a summary expression of Morningstar’s forward-looking analysis of investment strategies using a rating scale of Gold, Silver, Bronze, Neutral and Negative. Medalist Ratings indicate which investments Morningstar believes are likely to outperform a should not be considered an offer or relevant index or peer group average on a risk-adjusted basis over time. Products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with fees, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating assigned. Products are sorted by expected performance into rating groups defined by their Morningstar Category and their active or passive status. Analyst-covered products are assigned the three pillar ratings based on the analyst’s qualitative assessment, subject to the Analyst Rating Committee’s oversight, monitored and reevaluated at least every 14 months. Ratings are assigned monthly for vehicles covered either indirectly by analysts or by algorithm. For more detailed information including methodology, please go to global.morningstar.com/managerdisclosures.

              Ratings and rankings should not be used as the sole basis in evaluating an investment product and solicitation to buy or sell the investment product.

              ©2026 Morningstar Inc. All rights reserved. Morningstar information is proprietary to Morningstar and/or its content providers, may not be copied or distributed and is not warranted to be accurate, complete or timely. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA.