JPMorgan Intermediate Tax Free Bond Fund (JITIX)
The 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. "Assets" means net assets, plus the amount of borrowings for investment purposes. It may also invest in high-quality, short-term money market instruments and repurchase agreements.
Fund Info
US4812A04581
4812A0458
Sep 9, 2001
$1,000,000
Expense Ratio
JITIX features an expense ratio of 0.40%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in JPMorgan Intermediate Tax Free Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
JPMorgan Intermediate Tax Free Bond Fund had a return of 1.60% year-to-date (YTD) and 1.89% in the last 12 months. Over the past 10 years, JPMorgan Intermediate Tax Free Bond Fund had an annualized return of 1.58%, while the S&P 500 had an annualized return of 11.06%, indicating that JPMorgan Intermediate Tax Free Bond Fund did not perform as well as the benchmark.
JITIX
1.60%
-0.90%
0.93%
1.89%
0.64%
1.58%
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of JITIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.10% | 0.13% | 0.20% | -0.88% | -0.20% | 1.33% | 0.91% | 0.71% | 0.91% | -1.09% | 1.01% | 1.60% | |
| 2023 | 2.48% | -1.73% | 1.67% | -0.21% | -0.84% | 0.67% | 0.27% | -1.03% | -2.36% | -1.14% | 5.21% | 2.22% | 5.07% |
| 2022 | -2.43% | -0.63% | -2.70% | -2.57% | 1.31% | -1.34% | 2.41% | -2.02% | -3.25% | -0.77% | 3.93% | 0.05% | -7.99% |
| 2021 | 0.53% | -1.58% | 0.46% | 0.84% | 0.37% | 0.28% | 0.73% | -0.33% | -0.78% | -0.26% | 0.65% | -0.71% | 0.17% |
| 2020 | 1.73% | 1.17% | -3.54% | -0.90% | 3.15% | 0.54% | 1.43% | -0.44% | 0.01% | -0.26% | 1.25% | 0.71% | 4.80% |
| 2019 | 0.77% | 0.49% | 1.14% | 0.31% | 1.23% | 0.31% | 0.84% | 1.47% | -0.87% | 0.11% | 0.20% | 0.29% | 6.46% |
| 2018 | -0.99% | -0.17% | 0.19% | -0.25% | 0.87% | 0.03% | 0.20% | 0.22% | -0.63% | -0.45% | 1.09% | 1.01% | 1.10% |
| 2017 | 0.40% | 0.50% | 0.21% | 0.58% | 1.04% | -0.26% | 0.49% | 0.57% | -0.35% | -0.07% | -0.63% | 0.77% | 3.29% |
| 2016 | 1.11% | 0.09% | 0.21% | 0.56% | 0.02% | 1.35% | -0.14% | 0.10% | -0.42% | -0.87% | -3.25% | 0.71% | -0.61% |
| 2015 | 1.51% | -1.03% | 0.23% | -0.41% | -0.32% | -0.21% | 0.71% | 0.18% | 0.70% | 0.25% | 0.24% | 0.40% | 2.27% |
| 2014 | 1.45% | 0.87% | -0.38% | 0.97% | 0.88% | -0.03% | 0.15% | 0.88% | -0.04% | 0.33% | -0.04% | 0.23% | 5.40% |
| 2013 | 0.12% | 0.30% | -0.32% | 0.76% | -1.19% | -2.00% | -0.21% | -0.93% | 1.84% | 0.81% | -0.29% | -0.29% | -1.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of JITIX is 42, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for JPMorgan Intermediate Tax Free Bond Fund (JITIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
JPMorgan Intermediate Tax Free Bond Fund provided a 3.40% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.33 | $0.28 | $0.26 | $0.24 | $0.27 | $0.27 | $0.27 | $0.27 | $0.32 | $0.32 | $0.32 |
Dividend yield | 3.40% | 3.28% | 2.80% | 2.35% | 2.15% | 2.45% | 2.58% | 2.50% | 2.51% | 2.87% | 2.88% | 2.93% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Intermediate Tax Free Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.31 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.28 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2015 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.32 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan Intermediate Tax Free Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPMorgan Intermediate Tax Free Bond Fund was 13.01%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current JPMorgan Intermediate Tax Free Bond Fund drawdown is 3.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.01% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.16% | Mar 10, 2020 | 9 | Mar 20, 2020 | 94 | Aug 4, 2020 | 103 |
| -6.46% | Sep 12, 2008 | 25 | Oct 16, 2008 | 55 | Jan 6, 2009 | 80 |
| -5.05% | Jul 7, 2016 | 104 | Dec 1, 2016 | 519 | Dec 26, 2018 | 623 |
| -4.94% | Dec 10, 2012 | 186 | Sep 5, 2013 | 153 | Apr 15, 2014 | 339 |
Volatility
Volatility Chart
The current JPMorgan Intermediate Tax Free Bond Fund volatility is 1.04%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.