JPMorgan Target-Date Funds Clip Expense Caps

September 18, 2009 ( - In a move the firm says 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 9/1/2009 for all funds, Income through 2050.

The firm notes that the target date fund complex also recently reached its 3 year track record milestone (see  JPMorgan Offers Six Target Date Funds ).