Fund Research for JPMorgan Tax Aware Real Return A (TXRAX)

  • Fund Overview

    Fund Inception Date: Aug 31, 2005
    Category: Muni National Interm
    Overall Risk: Above Average
    Fund Family: JPMorgan
    Return Since Inception: 2.58%
    YTD Return: 13.60%
    Yield (TTM): 2.76%
    Net Assets: 154.1 M
    Morningstar Rating:
    1 of 5
    The investment seeks to maximize after-tax inflation protected return. The fund primarily invests in municipal debt whose interest payments are excluded from federal income tax. It also invests in derivative instruments, such as inflation-linked swaps. It may also utilize Treasury Inflation Protected Securities (TIPS) and municipal inflation-linked securities. The fund invests no more than 10% of assets in below investment grade debt. It is nondiversified.

    You need a current version of Adobe Flash Player plugin to view this chart.

    Get Adobe Flash player
    Details
    Average Eff Duration 5.06 Yrs
    Average Eff Maturity 5.87 Yrs
    Average Credit Quality AA
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/30/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 08/31/2005 to 10/31/2009
    Mouseover the chart to see values for each month.

    You need a current version of Adobe Flash Player plugin to view this chart.

    Get Adobe Flash player

    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 13.60% 15.75% 2.70% — — 2.58%
    +/- Category 2.36% 3.55% -0.88% — — —
    +/- Barclays Municipal TR USD — — — — 5.66% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 8.13% 7.21% 1.17% — — 1.64%
    Quarter (as of 09/30/2009) 9.57% 3.61% 1.59% — — 2.01%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/30/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/30/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 08/31/2005
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    General Obligations 20.12%
    Advanced Refunded 2.06%
    State Appropriated Tobacco 0.00%
    Non-state Appropriated Tobacco 1.92%
    Education 2.48%
    Health 0.99%
    Housing 0.59%
    Industrial 0.29%
    Transportation 2.63%
    Utilities 0.68%
    Water/Sewer 2.58%
    Misc. Revenue 11.99%
    Bond Quality
    AAA —
    AA —
    A —
    BBB —
    BB —
    B —
    Below B 1.73%
    Not Rated 0.00%

    Asset Allocation

    Short Long Net Assets
    Cash — 9.74% 9.74%
    Stocks — 0.00% 0.00%
    Bonds — 90.26% 90.26%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 0.00% 0.00%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    + JPMorgan Tax-Free Money Mkt Inst 12/31/2049 260.92 M 260.92 M 8.65%
    = California St Go Bds 5.125% 02/01/2028 18.94 M 21.79 M 0.72%
    = Fairfax Cnty Va Ref Pub I 5% 10/01/2012 16.68 M 18.68 M 0.62%
    = Olathe Labette Cnty Kans Singl Single Fa 02/01/2016 21.04 M 17.89 M 0.59%
    = Georgia St Go Ref Bd 5% 07/01/2017 14.96 M 17.88 M 0.59%
    = Pennsylvania St Go Bds Fi 5% 05/15/2018 14.86 M 17.65 M 0.58%
    = Miami-Dade Cnty Fla Wtr & Swr Wtr And 5% 10/01/2015 15.18 M 17.23 M 0.57%
    = Massachusetts St Spl Obl Ded Special 5% 01/01/2034 14.9 M 16.83 M 0.56%
    = New York St Urban Dev Corp Rev Svc 5.25% 01/01/2025 15 M 16.5 M 0.55%
    = New York N Y City Mun Wtr Fin Rev B 5.5% 06/15/2033 15.4 M 16.12 M 0.53%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 09/30/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial 3.75%
    Deferred —
    Taken from prospectus dated 02/28/2009
    Expense Ratio (based on net assets) 0.76%
    Taken from annual report dated 10/31/2008

  • Fund Management