TXRCX: JPMorgan Tax Aware Real Return Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.88

-

2.31%

$0.23

1.25%

Vitals

YTD Return

5.3%

1 yr return

8.9%

3 Yr Avg Return

3.4%

5 Yr Avg Return

2.4%

Net Assets

$530 M

Holdings in Top 10

25.4%

52 WEEK LOW AND HIGH

$9.88
$9.09
$9.93

Expenses

OPERATING FEES

Expense Ratio 1.25%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 12.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni National Short


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.88

-

2.31%

$0.23

1.25%

TXRCX - Profile

Distributions

  • YTD Total Return 5.3%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.50%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Tax Aware Real Return Fund
  • Fund Family Name
    J.P. Morgan
  • Inception Date
    Aug 31, 2005
  • Shares Outstanding
    567882
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Richard Taormina

Fund Description

The fund is designed to protect after-tax return by, under normal circumstances, primarily investing in a portfolio of municipal obligations whose interest payments are excluded from federal income taxes. Because of the limited supply of inflation-protected municipal securities, the fund seeks to synthetically create inflation protection by investing in a combination of conventional municipal securities and inflation-linked derivatives such as Non-Seasonally Adjusted Consumer Price Index for all Urban Consumers (CPI-U) swaps.


TXRCX - Performance

Return Ranking - Trailing

Period TXRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -88.5% 9.4% 2.89%
1 Yr 8.9% -20.5% 20.4% 4.92%
3 Yr 3.4%* -6.2% 10.9% 74.78%
5 Yr 2.4%* -3.5% 7.1% 62.02%
10 Yr 1.5%* -0.2% 9.3% 93.09%

* Annualized

Return Ranking - Calendar

Period TXRCX Return Category Return Low Category Return High Rank in Category (%)
2020 0.2% -91.1% 310.0% 78.28%
2019 2.9% -79.8% 15.4% 68.29%
2018 -3.4% -72.6% 97.2% 77.96%
2017 -0.1% -100.0% 7.6% 82.67%
2016 -1.2% -35.9% 96.8% 5.26%

Total Return Ranking - Trailing

Period TXRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -88.5% 9.4% 2.97%
1 Yr 7.9% -24.2% 24.2% 6.48%
3 Yr 3.4%* -7.0% 11.7% 61.36%
5 Yr 2.4%* -4.0% 7.1% 48.28%
10 Yr 1.5%* -0.6% 9.3% 93.37%

* Annualized

Total Return Ranking - Calendar

Period TXRCX Return Category Return Low Category Return High Rank in Category (%)
2020 0.2% -91.1% 310.0% 78.28%
2019 2.9% -79.8% 15.4% 68.61%
2018 -3.4% -72.6% 11.0% 78.30%
2017 -0.1% -100.0% 7.6% 83.16%
2016 -1.2% -35.9% 3.0% 8.29%

NAV & Total Return History


TXRCX - Holdings

Concentration Analysis

TXRCX Category Low Category High TXRCX % Rank
Net Assets 530 M 882 K 88.1 B 47.78%
Number of Holdings 392 1 12437 22.35%
Net Assets in Top 10 131 M -308 M 3.93 B 24.19%
Weighting of Top 10 25.39% 2.4% 100.0% 43.49%

Top 10 Holdings

  1. JPMorgan Instl Tx Fr Mny Mkt IM 10.94%
  2. CALIFORNIA ST 5% 2.94%
  3. CALIFORNIA ST 5% 2.17%
  4. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 2.14%
  5. UNIVERSITY TEX UNIV REVS 5% 2.12%
  6. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 2.10%
  7. BROWARD CNTY FLA WTR & SWR UTIL REV 5% 2.06%
  8. TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% 1.76%
  9. HOUSTON TEX WTR & SWR SYS REV 5.75% 1.63%
  10. PORT AUTH N Y & N J 5% 1.49%

Asset Allocation

Weighting Return Low Return High TXRCX % Rank
Bonds
89.06% 46.14% 145.79% 95.74%
Cash
10.94% -45.79% 53.86% 3.89%
Stocks
0.00% -0.15% 2.80% 96.48%
Preferred Stocks
0.00% -3.40% 1.05% 97.01%
Other
0.00% -9.70% 30.00% 96.89%
Convertible Bonds
0.00% -0.02% 1.09% 98.32%

Bond Sector Breakdown

Weighting Return Low Return High TXRCX % Rank
Municipal
89.06% 46.14% 100.00% 94.35%
Cash & Equivalents
10.94% 0.00% 53.86% 4.05%
Derivative
0.00% 0.00% 0.09% 98.36%
Securitized
0.00% 0.00% 8.03% 98.49%
Corporate
0.00% 0.00% 11.97% 98.61%
Government
0.00% 0.00% 50.63% 98.49%

Bond Geographic Breakdown

Weighting Return Low Return High TXRCX % Rank
US
89.06% 0.00% 141.11% 89.93%
Non US
0.00% 0.00% 100.00% 99.51%

TXRCX - Expenses

Operational Fees

TXRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.04% 4.23% 18.12%
Management Fee 0.35% 0.00% 1.60% 29.78%
12b-1 Fee 0.75% 0.00% 1.00% 74.86%
Administrative Fee 0.08% 0.01% 0.47% 22.69%

Sales Fees

TXRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 96.58%

Trading Fees

TXRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

TXRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 299.40% 24.48%

TXRCX - Distributions

Dividend Yield Analysis

TXRCX Category Low Category High TXRCX % Rank
Dividend Yield 2.31% 0.00% 35.27% 98.40%

Dividend Distribution Analysis

TXRCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Net Income Ratio Analysis

TXRCX Category Low Category High TXRCX % Rank
Net Income Ratio 1.50% -0.53% 24.00% 81.19%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

TXRCX - Fund Manager Analysis

Managers

Richard Taormina


Start Date

Tenure

Tenure Rank

Aug 31, 2005

16.01

16.0%

Richard Taormina, Managing Director, has been an employee of JPMIM and/or its affiliates since 1997. Mr. Taormina is responsible for managing municipal mutual funds, institutional fixed income accounts and quantitative analysis. Previously, Mr. Taormina was a Certified Financial Planner for the Financial Advisory Group, where he was an investment analyst. Prior to joining the firm, Rick was a senior trader for national, high-yield, and state-specific funds at the Vanguard Group, where the team consistently performed in the top-quartile. He has been a municipal bond manager since 1990. Ricks holds a B.A. in economics from the University of Delaware, an M.B.A. in finance from Wilmington College, and is a Certified Financial Planner (CFP).

David Rooney


Start Date

Tenure

Tenure Rank

Mar 01, 2015

6.51

6.5%

Mr. Rooney, Executive Director and CFA charterholder, is a portfolio manager in the Global Fixed Income, Currency & Commodities (GFICC) group. An employee since 2012 and portfolio manager since 2015, Mr. Rooney is responsible for managing fixed income and derivative assets, with an emphasis on inflation-linked products. Prior to joining the firm, Mr. Rooney was with BNY Mellon Asset Management and the Bank of New York, most recently as a portfolio managers and trader focused on securitized products.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.44 7.23 0.83