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JPMorgan Tax Free Bond Select (PRBIX) Fund Ranking and Research

Ranking, Research and Recommendation of JPMorgan Tax Free Bond Select (PRBIX) Fund

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Graph of JPMorgan Tax Free Bond Select Fund (PRBIX) ManagerFund Manager - Richard D. Taormina

Fund Manager Information

Fund Manager Tenure: 14.9 years
Fund Family: JPMorgan
Fund Category: Muni National Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.64)     (What does this score mean?)
Richard D. Taormina, managing director, is head of the Tax Aware Fixed Income Group. An employee since 1997, Rick is responsible for managing all municipal and tax-aware mutual funds, high net worth and institutional fixed income accounts, and quantitative analysis. He has also been head of the Municipal Strategies Group since 2005. In 2001, Rick initiated a process that allows separately managed accounts to benefit from the power of the JPMorgan platform, including systematic strategic management, institutional level trade execution, and improved portfolio benchmarking. Rick also expanded the use of quantitative analysis and tools, allowing individuals to benefit from strategies previously available only to institutional and taxable buyers. Rick joined the firm as a state-specific mutual fund manager and strategist. 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).  Get more insights on Richard D. Taormina

 

Graph of JPMorgan Tax Free Bond Select Fund (PRBIX) ProfileJPMorgan Tax Free Bond Select Fund (PRBIX) Profile

Fund Profile and Description

JPMorgan Tax Free Bond Select Fund seeks high current income exempt from federal tax, consistent with relative stability of principal. JPMorgan Tax Free Bond Select Fund invests at least 80% of net assets in municipal bonds, the income from which is exempt from federal income tax. It invests 20% of assets in municipal bonds, the interest on which may be subject to the federal alternative minimum tax for individuals.

 

JPMorgan Tax Free Bond Select (PRBIX) Fund Strength What we like about JPMorgan Tax Free Bond Select (PRBIX) Fund

Data for JPMorgan Tax Free Bond Select Fund (PRBIX) as of May 30, 2016

  • JPMorgan Tax Free Bond Select Fund (PRBIX) management has been with JPMorgan Tax Free Bond Select Fund for 14.9 years
  • JPMorgan Tax Free Bond Select Fund (PRBIX) has good short-term performance (1-year return 6.31% vs 5.73% Muni National Long category median performance)
  • JPMorgan Tax Free Bond Select Fund (PRBIX) has good mid-term performance (3-year return 4.65% vs 3.84% Muni National Long category median performance)
  • JPMorgan Tax Free Bond Select Fund (PRBIX) ratio of up-years vs down years is greater than 2
  • Asset base in JPMorgan Tax Free Bond Select Fund (PRBIX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • JPMorgan Tax Free Bond Select Fund (PRBIX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.57, lower than category average of 4.16
  • JPMorgan Tax Free Bond Select Fund (PRBIX) has a lower expense ratio than its Muni National Long average: 0.50% vs 0.86%
  • JPMorgan Tax Free Bond Select Fund (PRBIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

JPMorgan Tax Free Bond Select Fund (PRBIX) Weakness What we are cautious about JPMorgan Tax Free Bond Select (PRBIX) Fund

Data for JPMorgan Tax Free Bond Select Fund (PRBIX) as of May 30, 2016

  • JPMorgan Tax Free Bond Select Fund (PRBIX) has a less-than-ideal Long-term performance (5-year return 5.05% vs 5.50% Muni National Long category median performance)
  • JPMorgan Tax Free Bond Select Fund (PRBIX) has a Morningstar rating of 3 and below
  • JPMorgan Tax Free Bond Select Fund (PRBIX) has an annual stock turnover rate of 94.00% that is higher than the Muni National Long average of 21.44%. This could mean JPMorgan Tax Free Bond Select is more nimble, but also signal potential high tax impact and high trading fees
See JPMorgan Tax Free Bond Select Fund (PRBIX) performance details as of May 30, 2016

 

What do you think?

 

Compare JPMorgan Tax Free Bond Select Fund (PRBIX)Compare with other top Muni National Long category mutual funds

Aadditional top Muni National Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
JPMorgan Tax Free Bond Select3.106.314.655.05
Columbia AMT-Free Tax-Exempt Bond A (INTAX)3.116.984.916.56Compare
Nuveen All-American Municipal Bond I (FAARX)3.607.045.187.16Compare
T. Rowe Price Summit Municipal Inc (PRINX)3.126.564.576.13Compare

See top fund managers for Muni National Long Category Funds

 

Compare JPMorgan Tax Free Bond Select Fund (PRBIX)Compare with Muni National Long category ETFs

Some Muni National Long ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Long Municipal ETF (MLN)000
SPDR Nuveen Barclays Municipal Bond ETF (TFI)000
Market Vectors CEF Municipal Income ETF (XMPT)000

 

Graph of JPMorgan Tax Free Bond Select Fund (PRBIX) Net Asset TrackingJPMorgan Tax Free Bond Select (PRBIX) Fund Net Asset

Track net asset change of JPMorgan Tax Free Bond Select fund (PRBIX)

DateNet Asset
05/2016$325.59M
03/2016$307.37M
02/2016$305.01M
More historic net asset information on JPMorgan Tax Free Bond Select Fund (PRBIX)

  

Graph of JPMorgan Tax Free Bond Select Fund (PRBIX) Portfolio TrackingJPMorgan Tax Free Bond Select (PRBIX) Fund Portfolio Allocation

Track portfolio allocation change of JPMorgan Tax Free Bond Select fund (PRBIX)

DateCashStockBondOther
04/20167%0%93%0%
02/201610.98%0%89.02%0%
01/20167.91%0%92.09%0%
Click here to see more historic asset allocation information on JPMorgan Tax Free Bond Select Fund (PRBIX)

 

graph of JPMorgan Tax Free Bond Select Fund (PRBIX) Top 10 Position TrackingTop 10 Holdings in JPMorgan Tax Free Bond Select (PRBIX) Fund

Discover what JPMorgan Tax Free Bond Select Fund (PRBIX) manager is buying

Apr 29, 2016
Port Auth 6.125% [4.8%]
Laurens Cnty S C Sch Dist 6.125% [3.44%]
San Diego Calif Pub Facs Fing Rev 5.25% [2.68%]
New Jersey St Transn Tr Fd Aut Transp [2.18%]
Western Wash Univ Wash Revs Rev Ref 5.5% [2.01%]
Mount San Antonio Calif Cmnty Go Bds [1.85%]
Dalton Ga Dev Auth 5.5% [1.84%]
California St Go Bds 6.5% [1.83%]
New York St Dorm Auth 5% [1.78%]
Los Angeles Calif Uni Sch Dist 5% [1.77%]

Feb 28, 2016
Port Auth 6.125% [5.43%]
Laurens Cnty S C Sch Dist 6.125% [3.55%]
San Diego Calif Pub Facs Fing Rev 5.25% [2.73%]
New Jersey St Transn Tr Fd Aut Transp [2.24%]
Western Wash Univ Wash Revs Rev Ref 5.5% [2.07%]
Dalton Ga Dev Auth 5.5% [1.89%]
California St Go Bds 6.5% [1.88%]
New York St Dorm Auth 5% [1.82%]
Los Angeles Calif Uni Sch Dist 5% [1.81%]
Mount San Antonio Calif Cmnty Go Bds [1.79%]

Jan 30, 2016
Port Auth 6.125% [5.58%]
Laurens Cnty S C Sch Dist 6.125% [3.62%]
San Diego Calif Pub Facs Fing Rev 5.25% [2.8%]
New Jersey St Transn Tr Fd Aut Transp [2.33%]
Western Wash Univ Wash Revs Rev Ref 5.5% [2.11%]
California St Go Bds 6.5% [1.93%]
Dalton Ga Dev Auth 5.5% [1.93%]
New York St Dorm Auth 5% [1.86%]
Los Angeles Calif Uni Sch Dist 5% [1.85%]
New York N Y City Mun Wtr Fin Rev 5.75% [1.83%]
Click here for Stock Holding Change Map in JPMorgan Tax Free Bond Select Fund (PRBIX)

  

Latest News on JPMorgan Tax Free Bond Select (PRBIX) Fund

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