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JPMorgan Target-Date Funds Clip Expense Caps
<p>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.</p>
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”).