PMBAX: JPMorgan Tax Free Bond A

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

PMBAX JPMorgan Tax Free Bond A


Profile

PMBAX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $564 M
  • Holdings in Top 10 16.3%

52 WEEK LOW AND HIGH

$12.43
$10.99
$12.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Tax Free Bond Fund
  • Fund Family Name
    JPMorgan
  • Inception Date
    Mar 01, 1988
  • Shares Outstanding
    20526473
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Richard Taormina

Fund Description

The fund normally invests at least 80% of its net assets in municipal bonds, the income from which is exempt from federal income tax. "Assets" means net assets, plus the amount of borrowings for investment purposes. It may invest in municipal mortgage-backed and asset-backed securities. The fund may invest a significant portion or all of its assets in municipal mortgage-backed securities at the adviser's discretion.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

PMBAX - Fund Company Quick Screens


Performance

PMBAX - Performance

Return Ranking - Trailing

Period PMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -31.9% 954.3% 56.03%
1 Yr 1.6% -28.2% 951.8% 55.07%
3 Yr 0.8%* -17.5% 120.9% 53.58%
5 Yr 0.0%* -8.5% 60.6% 84.33%
10 Yr -0.2%* -5.2% 14.4% 88.56%

* Annualized

Return Ranking - Calendar

Period PMBAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -5.8% 20.3% 45.40%
2018 -2.9% -29.6% 4.6% 58.93%
2017 1.5% -6.0% 15.8% 38.96%
2016 -4.9% -7.8% 15.0% 98.16%
2015 -1.5% -11.6% 3.0% 58.91%

Total Return Ranking - Trailing

Period PMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -31.9% 954.3% 56.03%
1 Yr 1.6% -28.2% 951.8% 55.02%
3 Yr 0.8%* -17.5% 120.9% 57.20%
5 Yr 0.0%* -8.5% 60.6% 86.60%
10 Yr -0.2%* -5.2% 16.2% 92.49%

* Annualized

Total Return Ranking - Calendar

Period PMBAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -5.8% 20.3% 46.07%
2018 -2.9% -29.6% 4.6% 65.04%
2017 1.5% -6.0% 15.8% 47.26%
2016 -4.9% -7.8% 15.0% 98.22%
2015 -1.5% -9.9% 3.0% 66.25%

NAV & Total Return History


Holdings

PMBAX - Holdings

Concentration Analysis

PMBAX Category Low Category High PMBAX % Rank
Net Assets 564 M 619 K 88.4 B 49.47%
Number of Holdings 726 1 10083 22.67%
Net Assets in Top 10 89.1 M -202 M 26.9 B 54.39%
Weighting of Top 10 16.27% 2.6% 100.0% 65.53%

Top 10 Holdings

  1. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 2.37%
  2. COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 4% 2.07%
  3. NORTH CAROLINA ST GRANT ANTIC REV 5% 1.86%
  4. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 1.78%
  5. PORT AUTH N Y & N J 6.12% 1.57%
  6. JP Morgan Tax Free Money Mkt 1.49%
  7. MOUNT SAN ANTONIO CALIF CMNTY COLLEGE DIST 0% 1.44%
  8. BALTIMORE CNTY MD CTFS PARTN 5% 1.41%
  9. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 1.15%
  10. WASHINGTON D C MET AREA TRAN AUTH GROSS REV 5% 1.12%

Asset Allocation

Weighting Return Low Return High PMBAX % Rank
Bonds
98.40% 78.92% 199.79% 34.30%
Cash
1.60% -128.23% 19.68% 59.17%
Stocks
0.00% -4.99% 21.62% 57.06%
Preferred Stocks
0.00% -0.17% 22.02% 61.38%
Other
0.00% -9.40% 31.94% 54.34%
Convertible Bonds
0.00% 0.00% 9.45% 74.57%

Bond Sector Breakdown

Weighting Return Low Return High PMBAX % Rank
Municipal
98.40% 0.00% 100.06% 20.83%
Cash & Equivalents
1.60% -26.49% 93.17% 66.71%
Derivative
0.00% 0.00% 39.43% 60.32%
Securitized
0.00% 0.00% 97.53% 77.84%
Corporate
0.00% 0.00% 99.00% 82.90%
Government
0.00% -2.21% 99.96% 80.23%

Bond Geographic Breakdown

Weighting Return Low Return High PMBAX % Rank
US
98.40% 49.78% 199.79% 17.10%
Non US
0.00% -12.10% 39.65% 91.95%

Expenses

PMBAX - Expenses

Operational Fees

PMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.01% 34.57% 35.37%
Management Fee 0.30% 0.00% 1.60% 22.63%
12b-1 Fee 0.25% 0.00% 1.00% 47.09%
Administrative Fee 0.08% 0.00% 0.50% 32.13%

Sales Fees

PMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 48.29%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

PMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 496.90% 39.82%

Distributions

PMBAX - Distributions

Dividend Yield Analysis

PMBAX Category Low Category High PMBAX % Rank
Dividend Yield 0.00% 0.00% 3.88% 53.98%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PMBAX Category Low Category High PMBAX % Rank
Net Income Ratio 2.58% -0.81% 6.02% 43.21%

Capital Gain Distribution Analysis

PMBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

Dividend Payout History

View More +

Fund Manager Analysis

PMBAX - Fund Manager Analysis

Managers

Richard Taormina


Start Date

Tenure

Tenure Rank

Feb 28, 2005

15.52

15.5%

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).

Michelle Hallam


Start Date

Tenure

Tenure Rank

Jul 01, 2014

6.17

6.2%

Ms. Hallam, CFA charterholder and Executive Director, is a senior portfolio manager within the Global Fixed Income, Currency and Commodities (GFICC) group. An employee of JPMIM since 1999, Ms. Hallam is responsible for managing mutual funds and separately managed accounts. She began her career at JPMIM in July 1999 as an analyst in the Internal Consulting Services program where she worked on projects in Investment Management and Financial Risk Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 33.3 7.05 0.17