PRBIX: JPMorgan Tax Free Bond Fund - MutualFunds.com

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JPMorgan Tax Free Bond I

PRBIX - Snapshot

Vitals

  • YTD Return 2.3%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $582 M
  • Holdings in Top 10 17.8%

52 WEEK LOW AND HIGH

$12.47
$10.95
$12.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Compare PRBIX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.80

+0.07%

$78.56 B

-

$0.00

2.28%

0.17%

$11.24

0.00%

$32.48 B

-

$0.00

1.44%

0.17%

$13.56

+0.07%

$24.26 B

-

$0.00

1.73%

0.52%

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

0.17%

$116.82

+0.10%

$18.20 B

-

-

2.55%

0.07%

PRBIX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.82%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    JPMorgan Tax Free Bond Fund
  • Fund Family Name
    JPMorgan
  • Inception Date
    Feb 01, 1995
  • Shares Outstanding
    13953231
  • Share Class
    Inst
  • 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.


PRBIX - Performance

Return Ranking - Trailing

Period PRBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -6.7% 307.0% 12.97%
1 Yr 3.1% -5.4% 5.8% 18.10%
3 Yr 3.9%* -0.6% 8.2% 19.35%
5 Yr 3.5%* -0.3% 6.9% 21.80%
10 Yr 3.8%* -0.1% 8.1% 29.53%

* Annualized

Return Ranking - Calendar

Period PRBIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -0.3% 15.4% 25.66%
2018 -2.9% -10.3% 97.2% 81.01%
2017 1.4% -100.0% 7.6% 52.95%
2016 -4.9% -7.9% 96.8% 95.63%
2015 -1.4% -4.8% 3.0% 92.97%

Total Return Ranking - Trailing

Period PRBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -6.7% 307.0% 12.97%
1 Yr 3.1% -8.3% 5.8% 14.33%
3 Yr 3.9%* -2.5% 8.2% 16.94%
5 Yr 3.5%* -1.5% 6.9% 19.16%
10 Yr 3.8%* -0.4% 8.1% 26.74%

* Annualized

Total Return Ranking - Calendar

Period PRBIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -0.3% 15.4% 26.14%
2018 -2.9% -10.3% 11.0% 82.71%
2017 1.4% -100.0% 7.6% 56.94%
2016 -4.9% -7.9% 3.0% 95.70%
2015 -1.4% -4.8% 4.0% 93.71%

NAV & Total Return History


PRBIX - Holdings

Concentration Analysis

PRBIX Category Low Category High PRBIX % Rank
Net Assets 582 M 611 K 78.6 B 42.19%
Number of Holdings 719 1 10083 13.92%
Net Assets in Top 10 103 M -199 M 4.54 B 41.38%
Weighting of Top 10 17.84% 2.5% 100.0% 50.45%

Top 10 Holdings

  1. JP Morgan Tax Free Money Mkt 4.05%
  2. JP Morgan Tax Free Money Mkt 4.05%
  3. JP Morgan Tax Free Money Mkt 4.05%
  4. JP Morgan Tax Free Money Mkt 4.05%
  5. JP Morgan Tax Free Money Mkt 4.05%
  6. JP Morgan Tax Free Money Mkt 4.05%
  7. JP Morgan Tax Free Money Mkt 4.05%
  8. JP Morgan Tax Free Money Mkt 4.05%
  9. JP Morgan Tax Free Money Mkt 4.05%
  10. JP Morgan Tax Free Money Mkt 4.05%

Asset Allocation

Weighting Return Low Return High PRBIX % Rank
Bonds
95.85% 0.00% 147.66% 79.89%
Cash
4.15% -47.66% 100.00% 19.67%
Stocks
0.00% 0.00% 1.80% 14.70%
Preferred Stocks
0.00% -0.98% 1.07% 10.43%
Other
0.00% -1.46% 12.83% 14.71%
Convertible Bonds
0.00% 0.00% 1.64% 10.82%

Bond Sector Breakdown

Weighting Return Low Return High PRBIX % Rank
Municipal
95.85% 0.00% 100.00% 78.02%
Cash & Equivalents
4.15% 0.00% 100.00% 20.29%
Derivative
0.00% 0.00% 2.16% 10.26%
Securitized
0.00% 0.00% 6.06% 12.40%
Corporate
0.00% 0.00% 12.97% 23.39%
Government
0.00% 0.00% 49.72% 15.28%

Bond Geographic Breakdown

Weighting Return Low Return High PRBIX % Rank
US
95.85% 0.00% 141.34% 61.61%
Non US
0.00% 0.00% 27.62% 76.32%

PRBIX - Expenses

Operational Fees

PRBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.01% 4.23% 56.39%
Management Fee 0.30% 0.00% 1.10% 13.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.47% 17.71%

Sales Fees

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

Trading Fees

PRBIX 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.

PRBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 235.00% 70.79%

PRBIX - Distributions

Dividend Yield Analysis

PRBIX Category Low Category High PRBIX % Rank
Dividend Yield 0.00% 0.00% 3.55% 16.22%

Dividend Distribution Analysis

PRBIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PRBIX Category Low Category High PRBIX % Rank
Net Income Ratio 2.82% 0.00% 6.48% 28.51%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PRBIX - Fund Manager Analysis

Managers

Richard Taormina


Start Date

Tenure

Tenure Rank

Feb 28, 2005

15.68

15.7%

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

6.34

6.3%

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
0.02 35.61 7.62 2.84