# JPMorgan SmartRetirement 2040 Fund Class I (SMTSX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/smtsx 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 The JPMorgan SmartRetirement 2040 Fund Class I is primarily designed for investors looking to retire around the year 2040 and who intend to draw income from their investments throughout their retirement. Its core objective is to achieve substantial total returns, gradually shifting its focus towards generating current income and some capital appreciation as it approaches and then moves beyond the target retirement date. To accomplish this, the fund allocates its assets across a diversified mix of equity, fixed income, and cash/cash equivalent holdings. It typically achieves this diversifica... ## Key Facts | Metric | Value | |---|---| | Price | $25.34 | | Expense Ratio | 0.64% | | Assets Under Management | $3.43B | | NAV | $25.34 | | Holdings Count | — | | Distribution Yield (TTM) | 5.41% | | Annual Distribution (TTM) | $1.37 /share | | Distribution Frequency | Irregular | | 52-Week Range | $22.75 – $26.31 | | Beta | 1.08 | ## Latest Distribution - Amount: $0.5657 /share - Ex-date: 2025-12-31 - Pay date: 2026-01-02 ## Frequently Asked Questions ### What does SMTSX invest in? The JPMorgan SmartRetirement 2040 Fund Class I is primarily designed for investors looking to retire around the year 2040 and who intend to draw income from their investments throughout their retirement. Its core objective is to achieve substantial total returns, gradually shifting its focus towards generating current income and some capital appreciation as it approaches and then moves beyond the target retirement date. To accomplish this, the fund allocates its assets across a diversified mix of equity, fixed income, and cash/cash equivalent holdings. It typically achieves this diversification by investing in other mutual funds and exchange-traded funds (ETFs) offered by the same investment company group, though in specific, limited situations, it may also utilize passive ETFs managed by external advisers or invest directly in various financial instruments. ### What is the expense ratio of SMTSX? JPMorgan SmartRetirement 2040 Fund Class I (SMTSX) charges an expense ratio of 0.64%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is SMTSX? JPMorgan SmartRetirement 2040 Fund Class I (SMTSX) manages $3.43B 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 SMTSX actively managed or an index fund? SMTSX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was SMTSX launched? JPMorgan SmartRetirement 2040 Fund Class I (SMTSX) launched in May 2006 and is managed by JPMorgan. ### How has SMTSX performed? SMTSX'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 SMTSX pay a dividend? JPMorgan SmartRetirement 2040 Fund Class I (SMTSX) currently distributes little or no income. Trailing-twelve-month yield is 5.41%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SMTSX pay dividends? JPMorgan SmartRetirement 2040 Fund Class I pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SMTSX's dividend yield? SMTSX's trailing-twelve-month yield is 5.41%, calculated from the sum of dividends over the past year divided by the current price. ### When is SMTSX's next ex-dividend date? The most recently announced ex-dividend date for SMTSX 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 SMTSX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.64% 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 SMTSX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SMTSX'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 SMTSX cost more than a fund like VOO? SMTSX's strategy (current expense ratio 0.64%) 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 SMTSX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to SMTSX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as SMTSX (0.64%) 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/smtsx - Distribution history: https://www.dividenddata.com/funds/smtsx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/smtsx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/smtsx/expenses - Peer comparison: https://www.dividenddata.com/funds/smtsx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.