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  1. JPMorgan SmartRetirement® Passive Blend® 2040

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JPMorgan SmartRetirement® Passive Blend 2040
For individuals born between 1974 and 1978

When you select a SmartRetirement Passive Blend Fund, you're automatically invested in more than 20 underlying funds across two asset classes - stocks and bonds. By investing in the fund, a team of more than 100 investment professionals at J.P. Morgan* is responsible for shifting the allocation from stocks to bonds as the fund approaches its target date. This way your fund automatically changes to become more conservative as you approach your target retirement date.

Since each SmartRetirement Passive Blend Fund is dynamically managed for a specific date in the future, you'll want to consider selecting one named for the year closest to when you plan to retire and begin withdrawing from your account.


Select a target date fund

  • SmartRetirement Passive Blend Income
  • SmartRetirement Passive Blend 2025
  • SmartRetirement Passive Blend 2030
  • SmartRetirement Passive Blend 2035
  • SmartRetirement Passive Blend 2040
  • SmartRetirement Passive Blend 2045
  • SmartRetirement Passive Blend 2050
  • SmartRetirement Passive Blend 2055
  • SmartRetirement Passive Blend 2060
  • SmartRetirement Passive Blend 2065

*As of 3/31/2023.

Chart showing the SmartRetirement asset allocation starting from age 20 through age 80. SmartRetirement automatically becomes more conservative as you approach your target date which is shown at age 65.
This fund assumes you plan to retire at age 65. Your plan may not offer all of these funds.

Why SmartRetirement Passive Blend? Hear from investors like you.

Bruce Focht

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[MUSIC PLAYING] I'm currently not invested in target date funds, but based on my research and looking at what other investors are doing with their money, I realize I'm a prime candidate for target date funds. Well, target date fund has what's called a glide path. It's basically looking at the allocation between stocks and bonds that is appropriate for how long it is before an individual investor has until they retire.

And so as that individual investor gets closer to that retirement date, that allocation between stocks, bonds, and cash will shift to a more conservative allocation, meaning less stock. And so without that investor having to continue to babysit that allocation, that glide path makes those changes for them. I think their expertise is looking at what's going on in the economy, what's going on in the market, and making good decisions about what underlying investments make up those funds.

Well, with a target date fund, I just need to choose what I think I'm going to retire. It's that simple. I think a targeted fund speaks to what people want to spend their time on. They don't want to spend the time on retirement. For them, retirement's scary. It's way off in the future. They don't want to think about it. But if they can get an investment like a target date fund that takes a lot of the guesswork out of it for them, I think it's a great option for them.

This material has been prepared for informational and educational purposes only. It is not intended to provide and should not be relied upon for investment, accounting, legal, or tax advice. JP Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase and Company and its affiliates worldwide.

It’s that simple

Bruce appreciates the simplicity of choosing a target date for his retirement and letting the fund gradually shift as he approaches that date

Maria Ness

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[MUSIC PLAYING] Investing in a target date fund is kind of like the school box that I can buy for my children when they enroll for their classes at the beginning of the year. Instead of going out to the stores and getting all the separate supplies that I need for each child for each different class, I buy one school box for each child and it includes everything they need for that grade.

I think probably the people who manage my money have a really complex system that they use to pick the right funds, which is why I let them do it. I think life before target date funds was kind of a random choosing of funds for me. I could read the documentation on what the different funds provided, how much risk there was, but the education that it took to get myself comfortable with what I was choosing was hard.

Now that I have the target date funds, the choice is fairly simple. I know that the allocation mix is right for my age, and I can set up my deferrals for my money to go into my retirement plan, and be happy with my choice.

This material has been prepared for informational and educational purposes only. It is not intended to provide and should not be relied upon for investment, accounting, legal, or tax advice. JP Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase and Company and its affiliates worldwide.

I let them do it

For Maria, she likes the idea of having to make one decision and letting our experts manage the rest. 

Mike Evans

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[MUSIC PLAYING] Our fund options continue to grow and grow, and so I think the process became more difficult and time-consuming. And so with the implementation of target date funds in our plan, it really made it a lot easier for me to spend a lot less time, and haven't had to maybe stress out as much as I did in the past.

Before the plan offered target date funds, I would take a look at the list of funds really on an annual basis, and oftentimes, take my best guess as to what I thought was adequate diversification. I think, once you make a decision as to here's how you want to invest and here's what you're comfortable with, I think it's very easy just to stick with that and just really not make any changes.

I was just comfortable where I was at, didn't really get proactive to look at the new options that had been offered. And then finally, when I did take a look and talk to some people, I thought it was time for me to make a change at last. These managers are familiar with funds, they're familiar with the different types of asset classes, and they understand how these combinations can work together towards a certain end date to make sure that you do have an appropriate mix.

I don't expect that I will continue to work at this job until I'm 85 years old, so I know that I'm going to be needing some extra money. And I know that the earlier I save, my investments will grow, and I'll be able to have more of that income that I need in retirement. Target date funds are not guaranteed. Just like any investment that you have in a retirement plan, they're not going to be guaranteed, but I do believe that they provide a level of sanity and competence that you might not find if you're just willy nilly picking your own funds.

This material has been prepared for informational and educational purposes only. It is not intended to provide and should not be relied upon for investment, accounting, legal, or tax advice. JP Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase and Company and its affiliates worldwide.

I used to take my best guess at diversification

Mike appreciates that even from the start he’s well-diversified with just one fund.

What's in the 2040 Fund?*

dre-donut-2040

*As of January 31, 2024.

Award-winning funds

SmartRetirement and SmartRetirement Blend rated bronze(1) by MorningstarMorning star Bronze award logo

(1) Morningstar, US Fund Target Date categories. Medalist rating as of 10/03/22; applies to the SmartRetirement and SmartRetirement Blend R6 mutual funds.

 

Resources

At least choosing a retirement fund can be easy.

Brochure: An introduction to SmartRetirement funds and how they work.

Download

This website was created for informational and educational purposes only. It’s not meant to be a recommendation from J.P. Morgan Asset Management, its affiliates or representatives for any specific investment strategy or specific course of action—or any action at all. Materials like this are part of product marketing efforts and are not impartial. Any examples are just hypothetical illustrations provided to help explain a point. Before you make any investment decisions, contact the professionals, such as your tax advisor, who know your personal financial situation best.

The Commingled Pension trust Fund (JPMCB SmartRetirement Passive Blend DRE) of JPMorgan Chase bank N.A. is a collective trust fund established and maintained by JPMorgan Chase Bank N.A. under a declaration of trust. The fund is not required to file a prospectus or registration statement with the SEC, and accordingly, neither is available, but a copy of the Fund Summary is available from your employer. The fund is available only to certain qualified retirement and government plans and is not offered to the general public. Units of the fund are not bank deposits and are not insured or guaranteed by any bank, government entity, the FDIC or any other type of deposit insurance.

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.

Certain underlying funds of the SmartRetirement Funds may have unique risks associated with investments in foreign/ emerging markets securities and/or fixed income instruments. International investing involves increased risk and volatility due to currency exchange rate changes; political, social or economic instability; and accounting or other financial standard differences. The strategic asset allocation depicts the funds targeted weights. Actual allocations may differ. We may adjust this amount based on J.P. Morgan’s internal research and market conditions.

Asset allocation strategy for Target Date Funds is designed with two main goals in mind: promoting asset accumulation prior to retirement, which is the Fund’s “Savings Phase,” and supporting investors withdrawing their investment in the Fund throughout retirement, which is the Fund’s “Spending Phase.” Therefore, the asset allocation strategy will change over time, generally becoming more conservative as it approaches the target retirement year and then remaining relatively stable afterwards. The asset allocation strategy during the Savings Phase will generally start with a greater emphasis on global equity investments and gradually shift to more emphasis on global fixed income investments. During the Spending Phase, the Fund will generally have a greater emphasis on global fixed income investments. The Spending Phase of the Fund is designed for investors in retirement who intend to spend down their holdings in the Fund.

If you are a person with a disability and need additional support in viewing the material, please call us at 1-800-343-1113 for assistance. © 2024 JPMorgan Chase & Co. All rights reserved.

J.P. Morgan Asset Management is the brand name for the investment management businesses of JPMorgan Chase & Co. and its affiliates worldwide. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc.; member of FINRA.

(1) Morningstar, US Fund Target Date categories. Medalist rating as of 10/03/22; applies to the SmartRetirement and SmartRetirement Blend R6 mutual funds. The Morningstar Medalist RatingTM is a summary expression of Morningstar’s forwardlooking 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 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 should not be considered an offer or solicitation to buy or sell the investment product.

©2024 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.

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J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. and its affiliates worldwide. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc.; member of FINRA. FINRA's BrokerCheck

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