JPMorgan Michigan Municipal Bond Fund

Scorecard
2 / 5 Stars
Lipper
3 4 4 2 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
TheStreet.com
B (Buy)

#15 in Muni Single State Interm

U.S. News evaluated 68 Muni Single State Interm Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -0.13 percent over the past year, 4.22 percent over the past three years, 4.00 percent over the past five years, and 3.20 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 2.4%
1 Year -0.1%
3 Years (Annualized) 4.2%
5 Years (Annualized) 4.0%
10 Years (Annualized) 3.2%

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Summary

The investment seeks current income exempt from federal income tax and Michigan personal income tax, consistent with the preservation of principal. The fund normally invests at least 80% of its net assets in municipal bonds, the income from which is exempt from both federal and Michigan personal income tax. 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.

Fees

Fees are Below Average compared to funds in the same category.
JPMorgan Michigan Municipal Bond Fund has an expense ratio of 0.88 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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