JPMorgan Tax Aware Real Return Fund Reaches $1 Billion in Assets

JPMorgan Asset Management today noted that its JPMorgan Tax Aware Real Return Fund (TXRAX) reached $1 billion in assets under management. The JPMorgan Tax Aware Real Return Fund seeks to maximize after-tax inflation-protected returns. Its tax-efficient real return focus may be especially beneficial for investors that are looking for inflation protection to diversify their portfolio.

"JPMorgan Funds was one of the first to launch a fund with this combination of investment strategies, previously only available to institutional investors," said George Gatch, President and CEO of JPMorgan Funds. "This fund is now approaching its three year track record, has strong performance and has continued to gather assets and to perform well during this volatile market cycle."

Since inception, ending 3/31/08, JPMorgan Tax Aware Real Return Institutional share class ranked in the 8th percentile in the Lipper Intermediate Municipal Debt Fund category.

TARR invests primarily in investment-grade intermediate municipal bonds, with most of the interest income generated being exempt from federal taxes. The fund also invests in derivative instruments such as inflation-linked swaps, to provide real return. Derivatives are employed in the fund to provide inflation protection, maintain the desired interest rate and yield curve exposures and facilitate risk management.

The fund has been managed by Richard Taormina and Deepa Majmudar since inception, 8/31/2005.

Source: JPMorgan