# JPMorgan SmartRetirement 2040 Fund Class A (SMTAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/smtax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: JPMorgan · Asset class: Equity - Strategy: Thematic · Inception: 2006-05-15 This fund aims for significant overall returns, progressively transitioning its objective to emphasize income generation and some capital appreciation as it approaches and extends past its designated retirement year. It is specifically designed for investors anticipating retirement around 2040, with the intention of drawing down their investment over the course of their retirement. The fund achieves diversification across various asset classes, including stocks, bonds, and cash or cash equivalents. This is primarily accomplished through investments in affiliated mutual funds and exchange-tr... ## Key Facts | Metric | Value | |---|---| | Price | $25.07 | | Expense Ratio | 0.83% | | Assets Under Management | $3.40B | | NAV | $25.07 | | Holdings Count | — | | Distribution Yield (TTM) | 5.25% | | Annual Distribution (TTM) | $1.32 /share | | Distribution Frequency | Irregular | | 52-Week Range | $22.62 – $26.14 | | Beta | 1.08 | ## Latest Distribution - Amount: $0.5121 /share - Ex-date: 2025-12-31 - Pay date: 2026-01-02 ## Frequently Asked Questions ### What does SMTAX invest in? This fund aims for significant overall returns, progressively transitioning its objective to emphasize income generation and some capital appreciation as it approaches and extends past its designated retirement year. It is specifically designed for investors anticipating retirement around 2040, with the intention of drawing down their investment over the course of their retirement. The fund achieves diversification across various asset classes, including stocks, bonds, and cash or cash equivalents. This is primarily accomplished through investments in affiliated mutual funds and exchange-traded funds (ETFs), with the possibility of selectively incorporating passive ETFs managed by external advisors or holding direct investments in other financial instruments. ### What is the expense ratio of SMTAX? JPMorgan SmartRetirement 2040 Fund Class A (SMTAX) charges an expense ratio of 0.83%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is SMTAX? JPMorgan SmartRetirement 2040 Fund Class A (SMTAX) manages $3.40B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is SMTAX actively managed or an index fund? SMTAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was SMTAX launched? JPMorgan SmartRetirement 2040 Fund Class A (SMTAX) launched in May 2006 and is managed by JPMorgan. ### How has SMTAX performed? SMTAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does SMTAX pay a dividend? JPMorgan SmartRetirement 2040 Fund Class A (SMTAX) currently distributes little or no income. Trailing-twelve-month yield is 5.25%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SMTAX pay dividends? JPMorgan SmartRetirement 2040 Fund Class A pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SMTAX's dividend yield? SMTAX's trailing-twelve-month yield is 5.25%, calculated from the sum of dividends over the past year divided by the current price. ### When is SMTAX's next ex-dividend date? The most recently announced ex-dividend date for SMTAX was 2025-12-31. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will SMTAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.83% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SMTAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SMTAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SMTAX cost more than a fund like VOO? SMTAX's strategy (current expense ratio 0.83%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where SMTAX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to SMTAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as SMTAX (0.83%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/smtax - Distribution history: https://www.dividenddata.com/funds/smtax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/smtax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/smtax/expenses - Peer comparison: https://www.dividenddata.com/funds/smtax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.