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JPMorgan Tax Aware Real Return A (TXRAX) Fund Ranking and Research

Ranking, Research and Recommendation of JPMorgan Tax Aware Real Return A (TXRAX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of JPMorgan Tax Aware Real Return A Fund (TXRAX) ManagerFund Manager - Deepa D. Majmudar

Fund Manager Information

Fund Manager Tenure: 15.0 years
Similar Funds: TXRCX  TXRIX  TXRSX 
Fund Family: JPMorgan
Fund Category: Muni National Short
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.56)     (What does this score mean?)
Majmudar is vice president at JPMIM, her employer since 2003. She is part of the U.S. Fixed Income Group, developing quantitative and risk management strategies. Previously, she was a quantitative analyst at Alliance Capital Management.  Get more insights on Deepa D. Majmudar

 

Graph of JPMorgan Tax Aware Real Return A Fund (TXRAX) ProfileJPMorgan Tax Aware Real Return A Fund (TXRAX) Profile

Fund Profile and Description

JPMorgan Tax Aware Real Return A Fund seeks to maximize after-tax inflation protected return. JPMorgan Tax Aware Real Return A Fund primarily invests in a portfolio of municipal obligations whose interest payments are excluded from federal income taxes. It is also designed to maximize inflation protected return. The adviser may use other strategies to achieve the Fund’s objective including investments in other types of securities which provide after-tax return and direct investments in inflation-linked securities such as Treasury Inflation Protected Securities (TIPS) and municipal inflation-linked securities, if available. The average weighted maturity of the portfolio may be between 3 and 10 years.

 

JPMorgan Tax Aware Real Return A (TXRAX) Fund Strength What we like about JPMorgan Tax Aware Real Return A (TXRAX) Fund

Data for JPMorgan Tax Aware Real Return A Fund (TXRAX) as of May 30, 2016

  • JPMorgan Tax Aware Real Return A Fund (TXRAX) management has been with JPMorgan Tax Aware Real Return A Fund for 15.0 years
  • JPMorgan Tax Aware Real Return A Fund (TXRAX) has good short-term performance (1-year return 2.61% vs 1.39% Muni National Short category median performance)
  • JPMorgan Tax Aware Real Return A Fund (TXRAX) ratio of up-years vs down years is greater than 2
  • JPMorgan Tax Aware Real Return A Fund (TXRAX) has an annual stock turnover rate of 18.00% vs Muni National Short average of 25.33%. It is good that JPMorgan Tax Aware Real Return A management does not trade extensively for its return.

JPMorgan Tax Aware Real Return A Fund (TXRAX) Weakness What we are cautious about JPMorgan Tax Aware Real Return A (TXRAX) Fund

Data for JPMorgan Tax Aware Real Return A Fund (TXRAX) as of May 30, 2016

  • JPMorgan Tax Aware Real Return A Fund (TXRAX) has a less-than-ideal mid-term performance (3-year return 0.44% vs 0.80% Muni National Short category median performance)
  • JPMorgan Tax Aware Real Return A Fund (TXRAX) has a less-than-ideal Long-term performance (5-year return 1.19% vs 1.38% Muni National Short category median performance)
  • JPMorgan Tax Aware Real Return A Fund (TXRAX) has a Morningstar rating of 3 and below
  • JPMorgan Tax Aware Real Return A Fund (TXRAX) is less safe compared to its Muni National Short peers
  • JPMorgan Tax Aware Real Return A Fund (TXRAX) does not have a good risk adjusted return as its 3-year Alpha of -2.05 is worse than category average of -0.36, and its 3-year Sharpe ratio is 0.13
  • JPMorgan Tax Aware Real Return A Fund (TXRAX) is more volatile than its peers as it has a 3-year Standard Deviation of 3 that is higher than category average of 1.26
  • JPMorgan Tax Aware Real Return A Fund (TXRAX) has a higher expense ratio of 0.75% than its Muni National Short average of 0.71%
  • JPMorgan Tax Aware Real Return A Fund (TXRAX) carries a 3.75% load
See JPMorgan Tax Aware Real Return A Fund (TXRAX) performance details as of May 30, 2016

 

What do you think?

 

Compare JPMorgan Tax Aware Real Return A Fund (TXRAX)Compare with other top Muni National Short category mutual funds

Aadditional top Muni National Short mutual funds for your consideration

FundYear to Date1 Year3 year5 year
JPMorgan Tax Aware Real Return A1.382.610.441.19
Wells Fargo Advantage Strat Muni Bd Adm (VMPYX)1.413.242.513.08Compare

See top fund managers for Muni National Short Category Funds

 

Compare JPMorgan Tax Aware Real Return A Fund (TXRAX)Compare with Muni National Short category ETFs

Some Muni National Short ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Short Municipal ETF (SMB)1.00%2.60%1.17%
Market Vectors Pre-Refunded Muni ETF (PRB)0.80%2.12%0.37%
PIMCO Short Term Municipal Bond Actv ETF (SMMU)0.82%1.71%0.80%
iShares ST National AMTFree Muni Bnd (SUB)000
SPDR Nuveen Barclays ST Muni Bd ETF (SHM)000

 

Graph of JPMorgan Tax Aware Real Return A Fund (TXRAX) Net Asset TrackingJPMorgan Tax Aware Real Return A (TXRAX) Fund Net Asset

Track net asset change of JPMorgan Tax Aware Real Return A fund (TXRAX)

DateNet Asset
05/2016$1.55B
03/2016$1.62B
02/2016$1.59B
More historic net asset information on JPMorgan Tax Aware Real Return A Fund (TXRAX)

  

Graph of JPMorgan Tax Aware Real Return A Fund (TXRAX) Portfolio TrackingJPMorgan Tax Aware Real Return A (TXRAX) Fund Portfolio Allocation

Track portfolio allocation change of JPMorgan Tax Aware Real Return A fund (TXRAX)

DateCashStockBondOther
04/20162.64%0%97.36%0%
02/20162.2%0%97.8%0%
01/20164.1%0%95.9%0%
Click here to see more historic asset allocation information on JPMorgan Tax Aware Real Return A Fund (TXRAX)

 

graph of JPMorgan Tax Aware Real Return A Fund (TXRAX) Top 10 Position TrackingTop 10 Holdings in JPMorgan Tax Aware Real Return A (TXRAX) Fund

Discover what JPMorgan Tax Aware Real Return A Fund (TXRAX) manager is buying

Apr 29, 2016
Florida St Brd Ed Pub Ed Cap Outla 5% [2.4%]
Los Angeles Calif Dept Wtr & P Rev Bd 5% [1.95%]
Triborough Brdg & Tunl Auth 5% [1.89%]
Virginia St Go Bds 5% [1.24%]
Arizona St Transn Brd Grant Ant 5.25% [1.22%]
New York N Y City Mun Wtr Fin Rev Bds 5% [1.19%]
New York St Dorm Auth 5% [1.1%]
Missouri St Environmental Impt Ref Re 5% [1.08%]
Matanuska-Susitna Boro Alaska Ref 5.25% [1.04%]

Feb 28, 2016
Florida St Brd Ed Pub Ed Cap Outla 5% [2.46%]
Los Angeles Calif Dept Wtr & P Rev Bd 5% [1.97%]
Triborough Brdg & Tunl Auth 5% [1.92%]
Missouri St Environmental Impt Ref Re 5% [1.53%]
Virginia St Go Bds 5% [1.27%]
Arizona St Transn Brd Grant Ant 5.25% [1.24%]
New York N Y City Mun Wtr Fin Rev Bds 5% [1.21%]
New York St Dorm Auth 5% [1.11%]
New York St Urban Dev Corp Rev Svc 5.25% [1.05%]

Jan 30, 2016
Florida St Brd Ed Pub Ed Cap Outla 5% [2.4%]
Los Angeles Calif Dept Wtr & P Rev Bd 5% [1.94%]
Triborough Brdg & Tunl Auth 5% [1.88%]
Missouri St Environmental Impt Ref Re 5% [1.5%]
Virginia St Go Bds 5% [1.24%]
Arizona St Transn Brd Grant Ant 5.25% [1.22%]
New York N Y City Mun Wtr Fin Rev Bds 5% [1.19%]
New York St Dorm Auth 5% [1.09%]
New York St Urban Dev Corp Rev Svc 5.25% [1.03%]
Click here for Stock Holding Change Map in JPMorgan Tax Aware Real Return A Fund (TXRAX)

  

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JPMorgan Tax Aware Real Return A Fund (TXRAX) Related ResourcesSee more information on JPMorgan Tax Aware Real Return A (TXRAX) Fund

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