Fund Research for JPMorgan Tax Aware Real Return Instl (TXRIX)

  • Fund Overview

    Fund Inception Date: Aug 31, 2005
    Category: Muni National Interm
    Overall Risk: Above Average
    Fund Family: JPMorgan
    Return Since Inception: 2.91%
    YTD Return: 13.83%
    Yield (TTM): 3.02%
    Net Assets: 611.79 M
    Morningstar Rating:
    2 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.

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    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.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 13.83% 16.01% 3.01% — — 2.91%
    +/- Category 2.59% 3.81% -0.57% — — —
    +/- 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) 12.57% 11.66% 2.75% — — 2.91%
    Quarter (as of 09/30/2009) 14.16% 8.03% 3.25% — — 3.33%
    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 —
    Deferred —
    Taken from prospectus dated 02/28/2009
    Expense Ratio (based on net assets) 0.50%
    Taken from annual report dated 10/31/2008

  • Fund Management