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.

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”).