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Products September 18, 2009
JPMorgan Target-Date Funds Clip Expense Caps
In a move the firm said will “better position investors to realize their retirement savings goals,” the JPMorgan SmartRetirement Fund expense caps have been lowered.
Reported by Nevin E. Adams
According to a press release, the expense caps have been lowered by 15 basis points (bps) across R2 and A shares, effective September 1 for all funds, Income through 2050.
The firm also noted that the target-date fund complex recently reached its three-year milestone (see “JPMorgan Offers Six Target Date Funds”).
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