JCNTX: JPMorgan New York Tax Free Bond C

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JCNTX JPMorgan New York Tax Free Bond C


Profile

JCNTX - Profile

Vitals

  • YTD Return -2.5%
  • 3 Yr Annualized Return -0.6%
  • 5 Yr Annualized Return -1.3%
  • Net Assets $416 M
  • Holdings in Top 10 13.6%

52 WEEK LOW AND HIGH

$6.73
$6.35
$7.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.45%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -2.5%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.16%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan New York Tax Free Bond Fund
  • Fund Family Name
    JPMorgan
  • Inception Date
    Jan 31, 2003
  • Shares Outstanding
    7792558
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Sivinski

Fund Description

The fund normally invests at least 80% of the value of its assets in municipal obligations whose interest payments are excluded from gross income for federal income tax purposes and exempt from New York State and New York City personal income taxes, and not subject to the federal alternative minimum tax on individuals. The average dollar weighted maturity will be between three and ten years.


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Categories

Fund Company Quick Screens

JCNTX - Fund Company Quick Screens


Performance

JCNTX - Performance

Return Ranking - Trailing

Period JCNTX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -11.1% 1.7% 9.09%
1 Yr -0.6% -7.4% 9.8% 11.92%
3 Yr -0.6%* -3.3% 4.6% 46.76%
5 Yr -1.3%* -2.9% 1.8% 78.79%
10 Yr -0.6%* -1.0% 1.1% 90.20%

* Annualized

Return Ranking - Calendar

Period JCNTX Return Category Return Low Category Return High Rank in Category (%)
2019 3.6% 2.2% 9.3% 81.46%
2018 -2.2% -6.6% 5.4% 27.78%
2017 0.0% -2.0% 4.3% 85.93%
2016 -3.3% -6.3% 0.0% 70.68%
2015 -2.4% -4.4% 1.1% 96.97%

Total Return Ranking - Trailing

Period JCNTX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -11.1% 1.7% 9.09%
1 Yr -0.6% -7.4% 10.4% 11.92%
3 Yr 0.9%* -3.3% 4.6% 8.63%
5 Yr 0.7%* -2.9% 1.8% 6.06%
10 Yr 1.7%* -1.0% 2.7% 4.90%

* Annualized

Total Return Ranking - Calendar

Period JCNTX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% 2.2% 9.9% 68.87%
2018 0.0% -6.6% 5.2% 9.03%
2017 2.4% -2.0% 4.3% 20.74%
2016 -1.0% -6.3% 0.9% 9.77%
2015 1.0% -4.4% 2.1% 4.55%

NAV & Total Return History


Holdings

JCNTX - Holdings

Concentration Analysis

JCNTX Category Low Category High JCNTX % Rank
Net Assets 416 M 36.5 M 5.49 B 49.35%
Number of Holdings 181 43 1229 55.19%
Net Assets in Top 10 60.8 M -130 M 820 M 55.84%
Weighting of Top 10 13.60% 5.6% 82.6% 83.12%

Top 10 Holdings

  1. NEW YORK N Y 5% 1.80%
  2. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.56%
  3. NEW YORK ST DORM AUTH REVS 5.5% 1.43%
  4. NEW YORK ST URBAN DEV CORP REV 5.5% 1.38%
  5. NEW YORK ST URBAN DEV CORP ST SALES TAX REV 5% 1.34%
  6. SALES TAX ASSET RECEIVABLE CORP N Y 5% 1.33%
  7. UTILITY DEBT SECURITIZATION AUTH N Y 5% 1.28%
  8. NEW YORK N Y CITY TRANSITIONAL FIN AUTH BLDG AID REV 5.25% 1.18%
  9. NEW YORK ST ENVIRONMENTAL FACS CORP ST CLEAN WTR & DRINKING WTR REV 5.5% 1.16%
  10. NEW YORK N Y CITY TRANSITIONAL FIN AUTH BLDG AID REV 5% 1.16%

Asset Allocation

Weighting Return Low Return High JCNTX % Rank
Bonds
95.34% 94.67% 147.58% 98.05%
Cash
4.66% -47.59% 5.32% 4.55%
Stocks
0.00% 0.00% 0.00% 94.81%
Preferred Stocks
0.00% 0.00% 0.00% 94.81%
Other
0.00% -0.40% 1.06% 91.56%
Convertible Bonds
0.00% 0.00% 0.00% 94.81%

Bond Sector Breakdown

Weighting Return Low Return High JCNTX % Rank
Municipal
95.34% 88.88% 100.57% 96.75%
Cash & Equivalents
4.66% -0.18% 5.32% 4.55%
Derivative
0.00% 0.00% 0.00% 94.81%
Securitized
0.00% 0.00% 0.00% 94.81%
Corporate
0.00% -0.39% 2.07% 94.16%
Government
0.00% -0.01% 9.83% 94.16%

Bond Geographic Breakdown

Weighting Return Low Return High JCNTX % Rank
US
95.34% 81.24% 141.70% 69.48%
Non US
0.00% 0.00% 18.23% 100.00%

Expenses

JCNTX - Expenses

Operational Fees

JCNTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.45% 0.09% 3.53% 23.53%
Management Fee 0.30% 0.08% 0.70% 9.09%
12b-1 Fee 0.75% 0.00% 1.00% 73.75%
Administrative Fee 0.08% 0.01% 0.32% 37.50%

Sales Fees

JCNTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.75% N/A
Deferred Load 1.00% 1.00% 5.00% 96.30%

Trading Fees

JCNTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JCNTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 6.00% 114.00% 57.14%

Distributions

JCNTX - Distributions

Dividend Yield Analysis

JCNTX Category Low Category High JCNTX % Rank
Dividend Yield 0.00% 0.00% 1.45% 95.42%

Dividend Distribution Analysis

JCNTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

JCNTX Category Low Category High JCNTX % Rank
Net Income Ratio 2.16% 1.40% 6.06% 85.62%

Capital Gain Distribution Analysis

JCNTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

JCNTX - Fund Manager Analysis

Managers

David Sivinski


Start Date

Tenure

Tenure Rank

Mar 31, 2005

15.01

15.0%

David Sivinski, CFA charterholder and Executive Director, has also been as portfolio manager with J.P. Morgan Investment Management. In addition to his role as portfolio manager, Mr. Sivinski coordinates municipal management for a number of high net worth clients that focus principally on single state municipal bonds. He has worked at JPMorgan Investment Advisors, an affiliate of JPMIM since 1992. Previously, he spent seven years as a first vice president with First Security National Bank in Lexington, Kentucky, and 10 years with Bank One in Columbus, Ohio. Sivinski holds the Chartered Financial Analyst designation.

Kevin Ellis


Start Date

Tenure

Tenure Rank

May 31, 2005

14.84

14.8%

Mr. Ellis, CFA charterholder and Executive Director, is a portfolio manager in the U.S. Fixed Income Group. An employee of JPMIM and/or its affiliates since May 2003, he is responsible for managing separate accounts in the Municipal Bond Group. Previously, Mr. Ellis worked at Alliance Capital/Sanford Bernstein from 1995 through 2003 as a municipal bond trader. Kevin holds a B.S. in business administration from Boston University and is a CFA charterholder

Tenure Analysis

Category Low Category High Category Average Category Mode
0.1 30.27 7.8 7.88