diff --git a/charts/argo-cd/Chart.yaml b/charts/argo-cd/Chart.yaml
index d219494b..22de1552 100644
--- a/charts/argo-cd/Chart.yaml
+++ b/charts/argo-cd/Chart.yaml
@@ -2,7 +2,7 @@ apiVersion: v2
 appVersion: v2.4.15
 description: A Helm chart for Argo CD, a declarative, GitOps continuous delivery tool for Kubernetes.
 name: argo-cd
-version: 5.6.1
+version: 5.6.2
 home: https://github.com/argoproj/argo-helm
 icon: https://argo-cd.readthedocs.io/en/stable/assets/logo.png
 sources:
@@ -22,4 +22,4 @@ dependencies:
     condition: redis-ha.enabled
 annotations:
   artifacthub.io/changes: |
-    - "[Changed]: Update to app version 2.4.15"
+    - "[Added]: ServiceMonitor resources are able to be annotated"
diff --git a/charts/argo-cd/README.md b/charts/argo-cd/README.md
index 4877567b..44e1759e 100644
--- a/charts/argo-cd/README.md
+++ b/charts/argo-cd/README.md
@@ -437,6 +437,7 @@ NAME: my-release
 | controller.metrics.service.portName | string | `"http-metrics"` | Metrics service port name |
 | controller.metrics.service.servicePort | int | `8082` | Metrics service port |
 | controller.metrics.serviceMonitor.additionalLabels | object | `{}` | Prometheus ServiceMonitor labels |
+| controller.metrics.serviceMonitor.annotations | object | `{}` | Prometheus ServiceMonitor annotations |
 | controller.metrics.serviceMonitor.enabled | bool | `false` | Enable a prometheus ServiceMonitor |
 | controller.metrics.serviceMonitor.interval | string | `"30s"` | Prometheus ServiceMonitor interval |
 | controller.metrics.serviceMonitor.metricRelabelings | list | `[]` | Prometheus [MetricRelabelConfigs] to apply to samples before ingestion |
@@ -512,6 +513,7 @@ NAME: my-release
 | repoServer.metrics.service.portName | string | `"http-metrics"` | Metrics service port name |
 | repoServer.metrics.service.servicePort | int | `8084` | Metrics service port |
 | repoServer.metrics.serviceMonitor.additionalLabels | object | `{}` | Prometheus ServiceMonitor labels |
+| repoServer.metrics.serviceMonitor.annotations | object | `{}` | Prometheus ServiceMonitor annotations |
 | repoServer.metrics.serviceMonitor.enabled | bool | `false` | Enable a prometheus ServiceMonitor |
 | repoServer.metrics.serviceMonitor.interval | string | `"30s"` | Prometheus ServiceMonitor interval |
 | repoServer.metrics.serviceMonitor.metricRelabelings | list | `[]` | Prometheus [MetricRelabelConfigs] to apply to samples before ingestion |
@@ -637,6 +639,7 @@ NAME: my-release
 | server.metrics.service.portName | string | `"http-metrics"` | Metrics service port name |
 | server.metrics.service.servicePort | int | `8083` | Metrics service port |
 | server.metrics.serviceMonitor.additionalLabels | object | `{}` | Prometheus ServiceMonitor labels |
+| server.metrics.serviceMonitor.annotations | object | `{}` | Prometheus ServiceMonitor annotations |
 | server.metrics.serviceMonitor.enabled | bool | `false` | Enable a prometheus ServiceMonitor |
 | server.metrics.serviceMonitor.interval | string | `"30s"` | Prometheus ServiceMonitor interval |
 | server.metrics.serviceMonitor.metricRelabelings | list | `[]` | Prometheus [MetricRelabelConfigs] to apply to samples before ingestion |
@@ -728,6 +731,7 @@ NAME: my-release
 | dex.metrics.service.labels | object | `{}` | Metrics service labels |
 | dex.metrics.service.portName | string | `"http-metrics"` | Metrics service port name |
 | dex.metrics.serviceMonitor.additionalLabels | object | `{}` | Prometheus ServiceMonitor labels |
+| dex.metrics.serviceMonitor.annotations | object | `{}` | Prometheus ServiceMonitor annotations |
 | dex.metrics.serviceMonitor.enabled | bool | `false` | Enable a prometheus ServiceMonitor |
 | dex.metrics.serviceMonitor.interval | string | `"30s"` | Prometheus ServiceMonitor interval |
 | dex.metrics.serviceMonitor.metricRelabelings | list | `[]` | Prometheus [MetricRelabelConfigs] to apply to samples before ingestion |
@@ -799,6 +803,7 @@ NAME: my-release
 | redis.metrics.service.servicePort | int | `9121` | Metrics service port |
 | redis.metrics.service.type | string | `"ClusterIP"` | Metrics service type |
 | redis.metrics.serviceMonitor.additionalLabels | object | `{}` | Prometheus ServiceMonitor labels |
+| redis.metrics.serviceMonitor.annotations | object | `{}` | Prometheus ServiceMonitor annotations |
 | redis.metrics.serviceMonitor.enabled | bool | `false` | Enable a prometheus ServiceMonitor |
 | redis.metrics.serviceMonitor.interval | string | `"30s"` | Interval at which metrics should be scraped |
 | redis.metrics.serviceMonitor.metricRelabelings | list | `[]` | Prometheus [MetricRelabelConfigs] to apply to samples before ingestion |
@@ -901,6 +906,7 @@ If you want to use an existing Redis (eg. a managed service from a cloud provide
 | applicationSet.metrics.service.portName | string | `"http-metrics"` | Metrics service port name |
 | applicationSet.metrics.service.servicePort | int | `8085` | Metrics service port |
 | applicationSet.metrics.serviceMonitor.additionalLabels | object | `{}` | Prometheus ServiceMonitor labels |
+| applicationSet.metrics.serviceMonitor.annotations | object | `{}` | Prometheus ServiceMonitor annotations |
 | applicationSet.metrics.serviceMonitor.enabled | bool | `false` | Enable a prometheus ServiceMonitor |
 | applicationSet.metrics.serviceMonitor.interval | string | `"30s"` | Prometheus ServiceMonitor interval |
 | applicationSet.metrics.serviceMonitor.metricRelabelings | list | `[]` | Prometheus [MetricRelabelConfigs] to apply to samples before ingestion |
@@ -992,6 +998,7 @@ If you want to use an existing Redis (eg. a managed service from a cloud provide
 | notifications.metrics.service.labels | object | `{}` | Metrics service labels |
 | notifications.metrics.service.portName | string | `"http-metrics"` | Metrics service port name |
 | notifications.metrics.serviceMonitor.additionalLabels | object | `{}` | Prometheus ServiceMonitor labels |
+| notifications.metrics.serviceMonitor.annotations | object | `{}` | Prometheus ServiceMonitor annotations |
 | notifications.metrics.serviceMonitor.enabled | bool | `false` | Enable a prometheus ServiceMonitor |
 | notifications.metrics.serviceMonitor.scheme | string | `""` | Prometheus ServiceMonitor scheme |
 | notifications.metrics.serviceMonitor.selector | object | `{}` | Prometheus ServiceMonitor selector |
diff --git a/charts/argo-cd/templates/argocd-application-controller/servicemonitor.yaml b/charts/argo-cd/templates/argocd-application-controller/servicemonitor.yaml
index 28b230db..3c8b0ca4 100644
--- a/charts/argo-cd/templates/argocd-application-controller/servicemonitor.yaml
+++ b/charts/argo-cd/templates/argocd-application-controller/servicemonitor.yaml
@@ -14,6 +14,10 @@ metadata:
     {{- with .Values.controller.metrics.serviceMonitor.additionalLabels }}
       {{- toYaml . | nindent 4 }}
     {{- end }}
+  {{- with .Values.controller.metrics.serviceMonitor.annotations }}
+  annotations:
+    {{- toYaml . | nindent 4 }}
+  {{- end }}
 spec:
   endpoints:
     - port: {{ .Values.controller.metrics.service.portName }}
diff --git a/charts/argo-cd/templates/argocd-applicationset/servicemonitor.yaml b/charts/argo-cd/templates/argocd-applicationset/servicemonitor.yaml
index 10c950da..b836ccc5 100644
--- a/charts/argo-cd/templates/argocd-applicationset/servicemonitor.yaml
+++ b/charts/argo-cd/templates/argocd-applicationset/servicemonitor.yaml
@@ -15,6 +15,10 @@ metadata:
     {{- with .Values.applicationSet.metrics.serviceMonitor.additionalLabels }}
       {{- toYaml . | nindent 4 }}
     {{- end }}
+  {{- with .Values.applicationSet.metrics.serviceMonitor.annotations }}
+  annotations:
+    {{- toYaml . | nindent 4 }}
+  {{- end }}
 spec:
   endpoints:
     - port: {{ .Values.applicationSet.metrics.service.portName }}
diff --git a/charts/argo-cd/templates/argocd-notifications/servicemonitor.yaml b/charts/argo-cd/templates/argocd-notifications/servicemonitor.yaml
index 7ed6237a..7f11d08f 100644
--- a/charts/argo-cd/templates/argocd-notifications/servicemonitor.yaml
+++ b/charts/argo-cd/templates/argocd-notifications/servicemonitor.yaml
@@ -14,6 +14,10 @@ metadata:
     {{- if .Values.notifications.metrics.serviceMonitor.additionalLabels }}
       {{- toYaml .Values.notifications.metrics.serviceMonitor.additionalLabels | nindent 4 }}
     {{- end }}
+  {{- with .Values.notifications.metrics.serviceMonitor.annotations }}
+  annotations:
+    {{- toYaml . | nindent 4 }}
+  {{- end }}
 spec:
   endpoints:
     - port: {{ .Values.notifications.metrics.service.portName }}
diff --git a/charts/argo-cd/templates/argocd-repo-server/servicemonitor.yaml b/charts/argo-cd/templates/argocd-repo-server/servicemonitor.yaml
index 8f6bf9c8..82937d9b 100644
--- a/charts/argo-cd/templates/argocd-repo-server/servicemonitor.yaml
+++ b/charts/argo-cd/templates/argocd-repo-server/servicemonitor.yaml
@@ -14,6 +14,10 @@ metadata:
     {{- with .Values.repoServer.metrics.serviceMonitor.additionalLabels }}
       {{- toYaml . | nindent 4 }}
     {{- end }}
+  {{- with .Values.repoServer.metrics.serviceMonitor.annotations }}
+  annotations:
+    {{- toYaml . | nindent 4 }}
+  {{- end }}
 spec:
   endpoints:
     - port: {{ .Values.repoServer.metrics.service.portName }}
diff --git a/charts/argo-cd/templates/argocd-server/servicemonitor.yaml b/charts/argo-cd/templates/argocd-server/servicemonitor.yaml
index 61d31390..d00e5657 100644
--- a/charts/argo-cd/templates/argocd-server/servicemonitor.yaml
+++ b/charts/argo-cd/templates/argocd-server/servicemonitor.yaml
@@ -14,6 +14,10 @@ metadata:
     {{- with .Values.server.metrics.serviceMonitor.additionalLabels }}
       {{- toYaml . | nindent 4 }}
     {{- end }}
+  annotations:
+    {{- range $key, $value := .Values.server.metrics.serviceMonitor.annotations }}
+    {{ $key }}: {{ $value | quote }}
+    {{- end }}
 spec:
   endpoints:
     - port: {{ .Values.server.metrics.service.portName }}
diff --git a/charts/argo-cd/templates/dex/servicemonitor.yaml b/charts/argo-cd/templates/dex/servicemonitor.yaml
index ec98991a..d08d018f 100644
--- a/charts/argo-cd/templates/dex/servicemonitor.yaml
+++ b/charts/argo-cd/templates/dex/servicemonitor.yaml
@@ -14,6 +14,10 @@ metadata:
     {{- with .Values.dex.metrics.serviceMonitor.additionalLabels }}
       {{- toYaml . | nindent 4 }}
     {{- end }}
+  {{- with .Values.dex.metrics.serviceMonitor.annotations }}
+  annotations:
+    {{- toYaml . | nindent 4 }}
+  {{- end }}
 spec:
   endpoints:
     - port: {{ .Values.dex.metrics.service.portName }}
diff --git a/charts/argo-cd/templates/redis/servicemonitor.yaml b/charts/argo-cd/templates/redis/servicemonitor.yaml
index 8cd9a111..ea913467 100644
--- a/charts/argo-cd/templates/redis/servicemonitor.yaml
+++ b/charts/argo-cd/templates/redis/servicemonitor.yaml
@@ -15,6 +15,10 @@ metadata:
     {{- with .Values.redis.metrics.serviceMonitor.additionalLabels }}
       {{- toYaml . | nindent 4 }}
     {{- end }}
+  {{- with .Values.redis.metrics.serviceMonitor.annotations }}
+  annotations:
+    {{- toYaml . | nindent 4 }}
+  {{- end }}
 spec:
   endpoints:
     - port: {{ .Values.redis.metrics.service.portName }}
diff --git a/charts/argo-cd/values.yaml b/charts/argo-cd/values.yaml
index 83c1099d..423cb7e0 100755
--- a/charts/argo-cd/values.yaml
+++ b/charts/argo-cd/values.yaml
@@ -582,6 +582,8 @@ controller:
       namespace: "" # "monitoring"
       # -- Prometheus ServiceMonitor labels
       additionalLabels: {}
+      # -- Prometheus ServiceMonitor annotations
+      annotations: {}
     rules:
       # -- Deploy a PrometheusRule for the application controller
       enabled: false
@@ -692,6 +694,8 @@ dex:
       namespace: "" # "monitoring"
       # -- Prometheus ServiceMonitor labels
       additionalLabels: {}
+      # -- Prometheus ServiceMonitor annotations
+      annotations: {}
 
   ## Dex Pod Disruption Budget
   ## Ref: https://kubernetes.io/docs/tasks/run-application/configure-pdb/
@@ -1064,6 +1068,8 @@ redis:
       namespace: "" # "monitoring"
       # -- Prometheus ServiceMonitor labels
       additionalLabels: {}
+      # -- Prometheus ServiceMonitor annotations
+      annotations: {}
 
 
 # This key configures Redis-HA subchart and when enabled (redis-ha.enabled=true)
@@ -1397,6 +1403,8 @@ server:
       namespace: ""  # monitoring
       # -- Prometheus ServiceMonitor labels
       additionalLabels: {}
+      # -- Prometheus ServiceMonitor annotations
+      annotations: {}
 
   serviceAccount:
     # -- Create server service account
@@ -1954,6 +1962,8 @@ repoServer:
       namespace: "" # "monitoring"
       # -- Prometheus ServiceMonitor labels
       additionalLabels: {}
+      # -- Prometheus ServiceMonitor annotations
+      annotations: {}
 
   ## Enable Admin ClusterRole resources.
   ## Enable if you would like to grant cluster rights to Argo CD repo server.
@@ -2114,6 +2124,8 @@ applicationSet:
       namespace: ""  # monitoring
       # -- Prometheus ServiceMonitor labels
       additionalLabels: {}
+      # -- Prometheus ServiceMonitor annotations
+      annotations: {}
 
   ## Application set service configuration
   service:
@@ -2381,6 +2393,8 @@ notifications:
         # prometheus: kube-prometheus
       # -- Prometheus ServiceMonitor labels
       additionalLabels: {}
+      # -- Prometheus ServiceMonitor annotations
+      annotations: {}
       # namespace: monitoring
       # interval: 30s
       # scrapeTimeout: 10s