JPMorgan SmartRetirement® 2040 Fund 

This fund aims for significant overall returns, progressively transitioning its objective to emphasize income generation and some capital appreciation as it approaches and extends past its designated retirement year. It is specifically designed for investors anticipating retirement around 2040, with the intention of drawing down their investment over the course of their retirement. The fund achieves diversification across various asset classes, including stocks, bonds, and cash or cash equivalents. This is primarily accomplished through investments in affiliated mutual funds and exchange-traded funds (ETFs), with the possibility of selectively incorporating passive ETFs managed by external advisors or holding direct investments in other financial instruments.