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JPMorgan Intermediate Tax Free Bond Sel (VSITX) Fund Ranking and Research

Ranking, Research and Recommendation of JPMorgan Intermediate Tax Free Bond Sel (VSITX) Fund

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Graph of JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) ManagerFund Manager - Richard D. Taormina

Fund Manager Information

Fund Manager Tenure: 14.5 years
Fund Family: JPMorgan
Fund Category: Muni National Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.53)     (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 Intermediate Tax Free Bond Sel Fund (VSITX) ProfileJPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) Profile

Fund Profile and Description

JPMorgan Intermediate Tax Free Bond Sel Fund seeks to provide monthly dividends, which are excluded from gross income, and to protect the value of your investment by investing primarily in municipal obligations. JPMorgan Intermediate Tax Free Bond Sel Fund normally invests at least 80% of the value of its Assets in municipal obligations whose interest payments are excluded from gross income for federal income tax purposes and not subject to the federal alternative minimum tax on individuals. The average dollar weighted maturity of the fund’s portfolio will be between three and ten years.

 

JPMorgan Intermediate Tax Free Bond Sel (VSITX) Fund Strength What we like about JPMorgan Intermediate Tax Free Bond Sel (VSITX) Fund

Data for JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) as of May 30, 2016

  • JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) management has been with JPMorgan Intermediate Tax Free Bond Sel Fund for 14.5 years
  • JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) ratio of up-years vs down years is greater than 2
  • Asset base in JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) has an annual stock turnover rate of 15.00% vs Muni National Interm average of 22.40%. It is good that JPMorgan Intermediate Tax Free Bond Sel management does not trade extensively for its return.
  • JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.6, lower than category average of 3.29
  • JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) has a lower expense ratio than its Muni National Interm average: 0.59% vs 0.80%
  • JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) Weakness What we are cautious about JPMorgan Intermediate Tax Free Bond Sel (VSITX) Fund

Data for JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) as of May 30, 2016

  • JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) has a less-than-ideal short-term performance (1-year return 4.41% vs 4.71% Muni National Interm category median performance)
  • JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) has a less-than-ideal mid-term performance (3-year return 2.87% vs 3.10% Muni National Interm category median performance)
  • JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) has a less-than-ideal Long-term performance (5-year return 3.27% vs 4.14% Muni National Interm category median performance)
  • JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) has a Morningstar rating of 3 and below
  • JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) is less safe compared to its Muni National Interm peers
See JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) performance details as of May 30, 2016

 

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Compare JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX)Compare with other top Muni National Interm category mutual funds

Aadditional top Muni National Interm mutual funds for your consideration

FundYear to Date1 Year3 year5 year
JPMorgan Intermediate Tax Free Bond Sel1.864.412.873.27
Eaton Vance TABS 5 to15 Yr Lad Muni Bd I (EILTX)3.408.176.377.87Compare
BlackRock Strategic Muni Opps Inv A1 (MDMTX)3.297.784.275.68Compare
USAA Tax Exempt Intermediate-Term (USATX)2.525.223.514.92Compare

See top fund managers for Muni National Interm Category Funds

 

Compare JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX)Compare with Muni National Interm category ETFs

Some Muni National Interm ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Intermediate Muni ETF (ITM)2.55%7.15%4.62%
iShares National AMT-Free Muni Bond (MUB)2.19%5.72%4.01%
PIMCO Intermediate Municipal Bd Actv ETF (MUNI)1.61%4.98%2.60%
Columbia Intermediate Municipal Bond ETF (GMMB)000

 

Graph of JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) Net Asset TrackingJPMorgan Intermediate Tax Free Bond Sel (VSITX) Fund Net Asset

Track net asset change of JPMorgan Intermediate Tax Free Bond Sel fund (VSITX)

DateNet Asset
05/2016$4.90B
03/2016$4.74B
02/2016$4.73B
More historic net asset information on JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX)

  

Graph of JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) Portfolio TrackingJPMorgan Intermediate Tax Free Bond Sel (VSITX) Fund Portfolio Allocation

Track portfolio allocation change of JPMorgan Intermediate Tax Free Bond Sel fund (VSITX)

DateCashStockBondOther
04/201612.83%0%87.06%0.11%
02/201613.21%0%86.68%0.11%
01/201611.71%0%88.17%0.12%
Click here to see more historic asset allocation information on JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX)

 

graph of JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) Top 10 Position TrackingTop 10 Holdings in JPMorgan Intermediate Tax Free Bond Sel (VSITX) Fund

Discover what JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX) manager is buying

Apr 29, 2016
Los Angeles Calif Uni Sch Dist 5% [0.97%]
Massachusetts St Go Bds 5% [0.83%]
Missouri St Hwys & Trans Commn Ref St 5% [0.69%]
Util Debt Securitization Au Restructu 5% [0.65%]
Triborough Brdg & Tunl Auth 5% [0.64%]
California St For Previous Iss Tax 0.07% [0.61%]
Adams & Arapahoe Cntys Colo Jt Go 6.25% [0.55%]
New York St Dorm Auth 5% [0.55%]

Feb 28, 2016
Los Angeles Calif Uni Sch Dist 5% [0.98%]
Massachusetts St Go Bds 5% [0.85%]
Missouri St Hwys & Trans Commn Ref St 5% [0.7%]
Util Debt Securitization Au Restructu 5% [0.66%]
Triborough Brdg & Tunl Auth 5% [0.65%]
California St For Previous Iss Tax 0.07% [0.61%]
Adams & Arapahoe Cntys Colo Jt Go 6.25% [0.57%]
New York St Dorm Auth 5% [0.56%]

Jan 30, 2016
Los Angeles Calif Uni Sch Dist 5% [1.01%]
Massachusetts St Go Bds 5% [0.88%]
Missouri St Hwys & Trans Commn Ref St 5% [0.73%]
Util Debt Securitization Au Restructu 5% [0.69%]
Triborough Brdg & Tunl Auth 5% [0.68%]
California St For Previous Iss Tax 0.07% [0.63%]
Adams & Arapahoe Cntys Colo Jt Go 6.25% [0.59%]
New York St Dorm Auth 5% [0.58%]
Click here for Stock Holding Change Map in JPMorgan Intermediate Tax Free Bond Sel Fund (VSITX)

  

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