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3 / 5 Stars
#57 in Muni National Interm
U.S. News evaluated 84 Muni National Interm Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -2.22 percent over the past year, 2.32 percent over the past three years, and 4.55 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-2.3%|
|3 Years (Annualized)||2.3%|
|5 Years (Annualized)||4.6%|
|10 Years (Annualized)||N/A|
The investment seeks to maximize after-tax inflation protected return. The fund is designed to protect after-tax return by, under normal circumstances, primarily investing in a portfolio of municipal obligations whose interest payments are excluded from federal income taxes. Because of the limited supply of inflation-protected municipal securities, the fund seeks to synthetically create inflation protection by investing in a combination of conventional municipal securities and inflation-linked derivatives such as Non-Seasonally Adjusted Consumer Price Index for all Urban Consumers (CPI-U) swaps. The average weighted maturity will be between 3 and 10 years.
Fees are Low compared to funds in the same category.
JPMorgan Tax Aware Real Return Fund has an expense ratio of 0.75 percent.
Risk is Average compared to funds in the same category according to Morningstar.