JPMorgan Institutional Tax Free Money Market Fund
Fund
JOFXX
Price as of:
$1.00
- $0.00
- 0.00%
Primary Theme
fund company
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.0%
1 yr return
3.2%
3 Yr Avg Return
1.6%
5 Yr Avg Return
1.1%
Net Assets
$2.89 B
Holdings in Top 10
17.1%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.26%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000,000
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
JOFXX - Profile
Distributions
- YTD Total Return 1.0%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 1.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.01%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJPMorgan Institutional Tax Free Money Market Fund
-
Fund Family NameJPMorgan Funds
-
Inception DateMar 01, 2018
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
Under normal conditions, the Fund invests primarily in municipal obligations, the interest on which is excluded from federal income taxes. As a fundamental policy, under normal circumstances, the Fund will invest at least 80% of the value of its Assets in municipal obligations. For purposes of this policy, “Assets” means net assets, plus the amount of borrowings for investment purposes.Municipal obligations include a broad range of short-term obligations issued by or on behalf of states, territories and possessions of the United States, the District of Columbia, and their respective authorities, agencies, instrumentalities, political subdivisions and other groups with authority to act for the municipalities and instruments that provide economic exposure to such obligations, including beneficial interests in municipal trust certificates and partnership trusts (“municipal obligations”). For purposes of the Fund’s 80% policy, the Fund may invest in municipal obligations by (1) purchasing instruments evidencing direct ownership of interest payments or principal payments, or both, on municipal obligations, such as tender option bonds, or (2) purchasing participation interests in all or part of specific holdings of municipal obligations.The Fund generally invests in short-term money market instruments such as private activity and industrial development bonds, tax anticipation notes, variable rate demand notes and participations in pools of municipal obligations. These investments may include privately placed securities.For purposes of the 80% policy above, the Fund will only invest in municipal obligations if the issuer receives assurances from legal counsel that the interest payable on the securities is exempt from federal income tax.Up to 20% of the Fund’s Assets may be invested in securities subject to federal income tax or the federal alternative minimum tax.The Fund is a money market fund managed in the following manner:•The Fund calculates its net asset value to four decimals (e.g., $1.0000) using market-based pricing and operates with a floating net asset value.•The dollar-weighted average maturity of the Fund will be 60 days or less and the dollar-weighted average life to maturity will be 120 days or less.•The Fund will only buy securities that have remaining maturities of 397 days or less or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation.•The Fund invests only in U.S. dollar-denominated securities.•The Fund seeks to invest in securities that present minimal credit risk.The Fund may invest significantly in securities with floating or variable rates of interest. Their yields will vary as interest rates change. The Fund will at times hold some of its assets in cash.The Fund’s adviser seeks to develop an appropriate portfolio by considering the differences in yields among securities of different maturities, market sectors and issuers.Liquidity Fees and Redemption GatesThe Fund’s policies and procedures permit the Board to impose liquidity fees on redemptions and/or redemption gates in the event that the Fund’s weekly liquid assets were to fall below a designated threshold.If the Fund’s weekly liquid assets fall below 30% of its total assets, the Board, in its discretion, may impose liquidity fees of up to 2% of the value of the shares redeemed and/or gates on redemptions. In addition, if the Fund’s weekly liquid assets fall below 10% of its total assets at the end of any business day, the Fund must impose a 1% liquidity fee on shareholder redemptions unless the Board determines that not doing so is in the best interests of the Fund.
Read More
JOFXX - Performance
Return Ranking - Trailing
Period | JOFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | 0.5% | 1.7% | 40.00% |
1 Yr | 3.2% | 2.1% | 5.2% | 32.94% |
3 Yr | 1.6%* | 1.0% | 2.6% | 33.77% |
5 Yr | 1.1%* | 0.6% | 1.9% | 64.56% |
10 Yr | N/A* | 0.4% | 1.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | JOFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | 0.0% | 0.0% | 3.49% |
2022 | 0.0% | 0.0% | 0.0% | 19.77% |
2021 | 0.0% | 0.0% | 0.0% | 15.38% |
2020 | 0.0% | 0.0% | 0.0% | 16.22% |
2019 | 0.0% | 0.0% | 0.0% | 19.23% |
Total Return Ranking - Trailing
Period | JOFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | 0.5% | 1.7% | 40.00% |
1 Yr | 3.2% | 2.1% | 5.2% | 32.94% |
3 Yr | 1.6%* | 1.0% | 2.6% | 33.77% |
5 Yr | 1.1%* | 0.6% | 1.9% | 64.56% |
10 Yr | N/A* | 0.4% | 1.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | JOFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | 2.0% | 5.4% | 25.58% |
2022 | 1.0% | 0.2% | 1.2% | 23.26% |
2021 | 0.0% | 0.0% | 0.3% | 43.59% |
2020 | 0.4% | 0.0% | 1.3% | 35.14% |
2019 | 0.1% | 0.0% | 2.7% | 96.15% |
NAV & Total Return History
JOFXX - Holdings
Concentration Analysis
JOFXX | Category Low | Category High | JOFXX % Rank | |
---|---|---|---|---|
Net Assets | 2.89 B | 3.67 M | 19.7 B | 18.60% |
Number of Holdings | 194 | 1 | 921 | 25.58% |
Net Assets in Top 10 | 186 M | 40.6 M | 17.4 B | 62.79% |
Weighting of Top 10 | 17.05% | 9.8% | 100.0% | 84.88% |
Top 10 Holdings
- Citigroup Global Markets Holdings, Inc. 5.32%
- Citigroup Global Markets Holdings, Inc. 5.32%
- Citigroup Global Markets Holdings, Inc. 5.32%
- Citigroup Global Markets Holdings, Inc. 5.32%
- Citigroup Global Markets Holdings, Inc. 5.32%
- Citigroup Global Markets Holdings, Inc. 5.32%
- Citigroup Global Markets Holdings, Inc. 5.32%
- Citigroup Global Markets Holdings, Inc. 5.32%
- Citigroup Global Markets Holdings, Inc. 5.32%
- Citigroup Global Markets Holdings, Inc. 5.32%
Asset Allocation
Weighting | Return Low | Return High | JOFXX % Rank | |
---|---|---|---|---|
Bonds | 55.11% | 0.00% | 99.21% | 87.21% |
Cash | 44.89% | 0.79% | 100.00% | 12.79% |
Stocks | 0.00% | 0.00% | 0.00% | 19.77% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 19.77% |
Other | 0.00% | 0.00% | 0.00% | 19.77% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 19.77% |
Bond Sector Breakdown
Weighting | Return Low | Return High | JOFXX % Rank | |
---|---|---|---|---|
Municipal | 55.11% | 0.00% | 99.21% | 87.21% |
Cash & Equivalents | 44.89% | 0.79% | 100.00% | 12.79% |
Derivative | 0.00% | 0.00% | 0.00% | 19.77% |
Securitized | 0.00% | 0.00% | 0.00% | 19.77% |
Corporate | 0.00% | 0.00% | 0.00% | 19.77% |
Government | 0.00% | 0.00% | 13.45% | 26.74% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | JOFXX % Rank | |
---|---|---|---|---|
US | 55.11% | 0.00% | 99.21% | 87.21% |
Non US | 0.00% | 0.00% | 0.00% | 19.77% |
JOFXX - Expenses
Operational Fees
JOFXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.26% | 0.15% | 1.77% | 80.23% |
Management Fee | 0.08% | 0.08% | 0.49% | 2.33% |
12b-1 Fee | N/A | 0.00% | 0.75% | N/A |
Administrative Fee | 0.07% | 0.05% | 0.55% | 5.17% |
Sales Fees
JOFXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
JOFXX 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.
JOFXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 0.00% | N/A |
JOFXX - Distributions
Dividend Yield Analysis
JOFXX | Category Low | Category High | JOFXX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 2.03% | 5.18% | 33.72% |
Dividend Distribution Analysis
JOFXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
JOFXX | Category Low | Category High | JOFXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.01% | 0.00% | 0.12% | 32.56% |
Capital Gain Distribution Analysis
JOFXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.003 | OrdinaryDividend |
Mar 01, 2024 | $0.002 | DailyAccrualFund |
Feb 01, 2024 | $0.002 | DailyAccrualFund |
Jan 01, 2024 | $0.003 | DailyAccrualFund |
Dec 01, 2023 | $0.003 | DailyAccrualFund |
Nov 01, 2023 | $0.003 | DailyAccrualFund |
Oct 01, 2023 | $0.003 | DailyAccrualFund |
Sep 01, 2023 | $0.003 | DailyAccrualFund |
Aug 01, 2023 | $0.003 | DailyAccrualFund |
Jul 01, 2023 | $0.003 | DailyAccrualFund |
Jun 01, 2023 | $0.003 | DailyAccrualFund |
May 01, 2023 | $0.002 | DailyAccrualFund |
Apr 01, 2023 | $0.002 | DailyAccrualFund |
Mar 01, 2023 | $0.002 | DailyAccrualFund |
Feb 01, 2023 | $0.002 | DailyAccrualFund |
Jan 01, 2023 | $0.002 | DailyAccrualFund |
Dec 01, 2022 | $0.002 | DailyAccrualFund |
Nov 01, 2022 | $0.002 | DailyAccrualFund |
Oct 03, 2022 | $0.001 | DailyAccrualFund |
Sep 01, 2022 | $0.001 | DailyAccrualFund |
Aug 01, 2022 | $0.001 | DailyAccrualFund |
Jul 01, 2022 | $0.001 | DailyAccrualFund |
Jun 01, 2022 | $0.000 | DailyAccrualFund |
May 02, 2022 | $0.000 | DailyAccrualFund |
Apr 01, 2022 | $0.000 | DailyAccrualFund |
Mar 01, 2022 | $0.000 | DailyAccrualFund |
Feb 01, 2022 | $0.000 | DailyAccrualFund |
Jan 01, 2022 | $0.000 | DailyAccrualFund |
Dec 01, 2021 | $0.000 | DailyAccrualFund |
Nov 01, 2021 | $0.000 | DailyAccrualFund |
Oct 01, 2021 | $0.000 | DailyAccrualFund |
Sep 01, 2021 | $0.000 | DailyAccrualFund |
Aug 01, 2021 | $0.000 | DailyAccrualFund |
Jul 01, 2021 | $0.000 | DailyAccrualFund |
Jun 01, 2021 | $0.000 | DailyAccrualFund |
May 01, 2021 | $0.000 | DailyAccrualFund |
Apr 01, 2021 | $0.000 | DailyAccrualFund |
Mar 01, 2021 | $0.000 | DailyAccrualFund |
Feb 01, 2021 | $0.000 | DailyAccrualFund |
Jan 04, 2021 | $0.000 | DailyAccrualFund |
Dec 01, 2020 | $0.000 | DailyAccrualFund |
Nov 02, 2020 | $0.000 | DailyAccrualFund |
Oct 01, 2020 | $0.000 | DailyAccrualFund |
Sep 01, 2020 | $0.000 | DailyAccrualFund |
Aug 03, 2020 | $0.000 | DailyAccrualFund |
Jul 01, 2020 | $0.000 | DailyAccrualFund |
Jun 01, 2020 | $0.000 | DailyAccrualFund |
May 01, 2020 | $0.000 | DailyAccrualFund |
Apr 01, 2020 | $0.002 | DailyAccrualFund |
Mar 02, 2020 | $0.001 | DailyAccrualFund |
Feb 03, 2020 | $0.001 | DailyAccrualFund |
Sep 03, 2019 | $0.000 | DailyAccrualFund |
Aug 01, 2019 | $0.000 | DailyAccrualFund |
Jul 01, 2019 | $0.001 | OrdinaryDividend |
Jun 03, 2019 | $0.001 | OrdinaryDividend |
May 01, 2019 | $0.001 | OrdinaryDividend |