# JPMorgan SmartRetirement 2040 Fund Class R6 (SMTYX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/smtyx 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: 2014-11-04 The JPMorgan SmartRetirement 2040 Fund Class R6 strives to achieve a significant total return. As the fund approaches and moves past its designated retirement year, its investment strategy gradually transitions, placing a greater emphasis on generating current income while still pursuing some capital growth. This fund is ideally suited for investors who plan to cease employment around 2040 and intend to systematically draw down their investment throughout their retirement. To meet its goals, the fund diversifies its portfolio across various asset classes, including stocks (equities), bonds... ## Key Facts | Metric | Value | |---|---| | Price | $25.39 | | Expense Ratio | 0.39% | | Assets Under Management | $3.40B | | NAV | $25.39 | | Holdings Count | — | | Distribution Yield (TTM) | 5.62% | | Annual Distribution (TTM) | $1.43 /share | | Distribution Frequency | Irregular | | 52-Week Range | $22.85 – $26.45 | | Beta | 1.09 | ## Latest Distribution - Amount: $0.6226 /share - Ex-date: 2025-12-31 - Pay date: 2026-01-02 ## Frequently Asked Questions ### What does SMTYX invest in? The JPMorgan SmartRetirement 2040 Fund Class R6 strives to achieve a significant total return. As the fund approaches and moves past its designated retirement year, its investment strategy gradually transitions, placing a greater emphasis on generating current income while still pursuing some capital growth. This fund is ideally suited for investors who plan to cease employment around 2040 and intend to systematically draw down their investment throughout their retirement. To meet its goals, the fund diversifies its portfolio across various asset classes, including stocks (equities), bonds (fixed income), and cash or cash equivalents. It primarily accomplishes this by investing in other mutual funds and exchange-traded funds (ETFs) within the same family of investment companies. In certain limited scenarios, it may also utilize passive ETFs managed by external, unaffiliated advisors or make direct investments in other financial instruments. ### What is the expense ratio of SMTYX? JPMorgan SmartRetirement 2040 Fund Class R6 (SMTYX) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is SMTYX? JPMorgan SmartRetirement 2040 Fund Class R6 (SMTYX) 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 SMTYX actively managed or an index fund? SMTYX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was SMTYX launched? JPMorgan SmartRetirement 2040 Fund Class R6 (SMTYX) launched in November 2014 and is managed by JPMorgan. ### How has SMTYX performed? SMTYX'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 SMTYX pay a dividend? JPMorgan SmartRetirement 2040 Fund Class R6 (SMTYX) currently distributes little or no income. Trailing-twelve-month yield is 5.62%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SMTYX pay dividends? JPMorgan SmartRetirement 2040 Fund Class R6 pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SMTYX's dividend yield? SMTYX's trailing-twelve-month yield is 5.62%, calculated from the sum of dividends over the past year divided by the current price. ### When is SMTYX's next ex-dividend date? The most recently announced ex-dividend date for SMTYX 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 SMTYX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.39% 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 SMTYX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SMTYX'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 SMTYX cost more than a fund like VOO? SMTYX's strategy (current expense ratio 0.39%) 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 SMTYX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to SMTYX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as SMTYX (0.39%) 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/smtyx - Distribution history: https://www.dividenddata.com/funds/smtyx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/smtyx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/smtyx/expenses - Peer comparison: https://www.dividenddata.com/funds/smtyx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.