# Portfolio overlap — JSAPX vs JNSAX

Comparing **JPMorgan SmartRetirement 2045 Fund** (2026-03-31) and **JPMorgan SmartRetirement 2025 Fund** (2026-03-31).

- Shared positions: 19
- JPMorgan SmartRetirement 2045 Fund covered by JPMorgan SmartRetirement 2025 Fund: 0.5716244520707453985718813746
- JPMorgan SmartRetirement 2025 Fund covered by JPMorgan SmartRetirement 2045 Fund: 0.5716244520707453985718813746

## JPMorgan SmartRetirement 2045 Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| JPMorgan International Research Enhanced Equity ETF | 0.121848 | ✓ |
| JPM-US EQTY-R6 | 0.110790 | ✓ |
| JPMorgan U.S. Research Enhanced Equity Fund, Class R6 | 0.110698 | ✓ |
| JPMorgan Growth Advantage Fund, Class R6 | 0.106201 |  |
| JPMorgan Value Advantage Fund, Class R6 | 0.105722 |  |
| JPMorgan Core Plus Bond Fund, Class R6 | 0.087595 | ✓ |
| JPMorgan Global Select Equity ETF | 0.086010 | ✓ |
| JPMorgan International Equity Fund, Class R6 | 0.065008 | ✓ |
| JPMorgan BetaBuilders US Mid Cap Equity ETF | 0.036799 | ✓ |
| JPMorgan ActiveBuilders Emerging Markets Equity ETF | 0.030223 | ✓ |
| JPMorgan Core Bond R6 | 0.029177 | ✓ |
| JPMorgan Emerging Markets Research Enhanced Equity Fund, Class R6 | 0.022791 | ✓ |
| JPMorgan High Yield Fund, Class R6 | 0.021055 | ✓ |
| JPMORGAN US GOVERNMENT MONEY MARKET FUND OPEN-END FUND USD | 0.015346 | ✓ |
| JPMorgan Realty Income ETF | 0.012965 | ✓ |
| JPMorgan Small Cap Equity Fund, Class R6 | 0.009985 | ✓ |
| JPMorgan Emerging Markets Equity Fund, Class R6 | 0.008111 | ✓ |
| JPMorgan Small Cap Value Fund, Class R6 | 0.005046 | ✓ |
| JPMorgan Small Cap Growth Fund, Class R6 | 0.005007 | ✓ |
| JPMorgan BetaBuilders MSCI US REIT ETF | 0.004302 | ✓ |
| JPMorgan Emerging Markets Debt Fund, Class R6 | 0.004186 | ✓ |
| US TREASURY N/B | 0.001133 |  |

## JPMorgan SmartRetirement 2025 Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| JPMorgan Core Bond R6 | 0.325403 | ✓ |
| JPMorgan Core Plus Bond Fund, Class R6 | 0.108548 | ✓ |
| JPM-US EQTY-R6 | 0.096383 | ✓ |
| JPMorgan U.S. Research Enhanced Equity Fund, Class R6 | 0.095968 | ✓ |
| JPMorgan High Yield Fund, Class R6 | 0.069726 | ✓ |
| JPMorgan International Research Enhanced Equity ETF | 0.057294 | ✓ |
| JPMorgan Inflation Managed Bond ETF | 0.047114 |  |
| JPMorgan Global Select Equity ETF | 0.042223 | ✓ |
| JPMorgan International Equity Fund, Class R6 | 0.031805 | ✓ |
| JPMorgan BetaBuilders US Mid Cap Equity ETF | 0.029271 | ✓ |
| JPMorgan ActiveBuilders Emerging Markets Equity ETF | 0.017875 | ✓ |
| JPMORGAN US GOVERNMENT MONEY MARKET FUND OPEN-END FUND USD | 0.017472 | ✓ |
| JPMorgan Emerging Markets Debt Fund, Class R6 | 0.017470 | ✓ |
| JPMorgan Emerging Markets Research Enhanced Equity Fund, Class R6 | 0.011238 | ✓ |
| JPMorgan Small Cap Equity Fund, Class R6 | 0.008059 | ✓ |
| JPMorgan Emerging Markets Equity Fund, Class R6 | 0.007547 | ✓ |
| JPMorgan Realty Income ETF | 0.006362 | ✓ |
| JPMorgan Small Cap Value Fund, Class R6 | 0.004081 | ✓ |
| JPMorgan Small Cap Growth Fund, Class R6 | 0.004049 | ✓ |
| JPMorgan BetaBuilders MSCI US REIT ETF | 0.002112 | ✓ |


## Sources

- N-PORT (fund A) — accession `0002071691-26-012746` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1217286/000207169126012746/0002071691-26-012746-index.htm>
- N-PORT (fund B) — accession `0002071691-26-012769` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1217286/000207169126012769/0002071691-26-012769-index.htm>

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