JPMorgan Tax Aware Real Return Fund (TXRIX)
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.
Fund Info
| ISIN | US4812A25388 |
|---|---|
| CUSIP | 4812A2538 |
| Issuer | JPMorgan Chase |
| Inception Date | Aug 30, 2005 |
| Category | Municipal Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
TXRIX features an expense ratio of 0.49%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: TXRIX vs. BSNSX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in JPMorgan Tax Aware Real Return 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 Tax Aware Real Return Fund had a return of 2.91% year-to-date (YTD) and 6.71% in the last 12 months. Over the past 10 years, JPMorgan Tax Aware Real Return Fund had an annualized return of 2.12%, while the S&P 500 had an annualized return of 11.39%, indicating that JPMorgan Tax Aware Real Return Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.91% | 25.48% |
| 1 month | -0.26% | 2.14% |
| 6 months | 1.24% | 12.76% |
| 1 year | 6.71% | 33.14% |
| 5 years (annualized) | 2.82% | 13.96% |
| 10 years (annualized) | 2.12% | 11.39% |
Monthly Returns
The table below presents the monthly returns of TXRIX, 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 | 0.16% | 0.50% | 0.48% | -0.24% | -0.15% | 1.14% | 0.16% | 0.40% | 0.80% | -0.89% | 2.91% | ||
| 2023 | 2.08% | -1.33% | 1.74% | -0.38% | -1.13% | 1.35% | 0.47% | -1.12% | -1.89% | -0.61% | 3.99% | 1.83% | 4.94% |
| 2022 | -2.48% | 0.95% | -1.90% | -1.32% | 0.77% | -2.86% | 4.05% | -1.57% | -5.05% | 1.10% | 2.98% | -0.19% | -5.74% |
| 2021 | 1.66% | -1.30% | 1.52% | 1.79% | 0.66% | 0.23% | 2.06% | -0.19% | -0.39% | 1.02% | 0.51% | 0.71% | 8.53% |
| 2020 | 0.63% | 0.00% | -8.61% | 0.10% | 3.22% | 1.43% | 2.19% | 1.05% | -0.48% | -0.02% | 1.72% | 1.81% | 2.55% |
| 2019 | 1.19% | 0.56% | 0.66% | 0.55% | 0.10% | 0.22% | 1.08% | -0.21% | -0.76% | 0.20% | 0.65% | 1.17% | 5.53% |
| 2018 | -0.21% | -0.22% | 0.06% | 0.12% | 0.56% | 0.34% | 0.33% | 0.13% | -0.41% | -1.17% | 0.35% | -0.60% | -0.74% |
| 2017 | 0.75% | 0.44% | 0.12% | 0.12% | 0.22% | -0.51% | 0.55% | 0.53% | -0.00% | 0.10% | -0.60% | 1.01% | 2.75% |
| 2016 | 0.02% | -0.30% | 1.32% | 0.73% | -0.38% | 0.84% | -0.19% | 0.32% | 0.33% | -0.09% | -2.06% | 1.12% | 1.63% |
| 2015 | 1.07% | -0.20% | -0.97% | 0.44% | -0.68% | 0.34% | -0.26% | -0.18% | -0.68% | 1.02% | 0.66% | 0.58% | 1.12% |
| 2014 | 1.14% | 0.93% | -0.63% | 1.05% | 1.13% | 0.43% | 0.15% | 0.24% | -1.04% | -0.26% | -0.97% | -1.26% | 0.85% |
| 2013 | 0.27% | 0.09% | -0.30% | 0.17% | -1.70% | -2.31% | 0.23% | -0.99% | 1.74% | 0.74% | -0.46% | -0.25% | -2.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TXRIX is 79, placing it in the top 21% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for JPMorgan Tax Aware Real Return Fund (TXRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
JPMorgan Tax Aware Real Return Fund provided a 3.37% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.30 | $0.19 | $0.15 | $0.21 | $0.24 | $0.26 | $0.26 | $0.27 | $0.29 | $0.29 | $0.26 |
Dividend yield | 3.37% | 3.17% | 2.06% | 1.47% | 2.23% | 2.55% | 2.87% | 2.72% | 2.80% | 2.99% | 2.97% | 2.59% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Tax Aware Real Return 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 | $0.26 | |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 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 | $0.24 |
| 2018 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2016 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2015 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.29 |
| 2014 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
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 Tax Aware Real Return 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 Tax Aware Real Return Fund was 16.51%, occurring on Mar 20, 2020. Recovery took 178 trading sessions.
The current JPMorgan Tax Aware Real Return Fund drawdown is 0.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.51% | Feb 25, 2020 | 19 | Mar 20, 2020 | 178 | Dec 2, 2020 | 197 |
| -15.63% | Jul 16, 2008 | 107 | Dec 15, 2008 | 182 | Sep 4, 2009 | 289 |
| -9.73% | Nov 17, 2021 | 219 | Sep 30, 2022 | 407 | May 15, 2024 | 626 |
| -6.6% | Dec 10, 2012 | 136 | Jun 25, 2013 | 254 | Jun 27, 2014 | 390 |
| -4.93% | Aug 18, 2014 | 281 | Sep 28, 2015 | 192 | Jul 1, 2016 | 473 |
Volatility
Volatility Chart
The current JPMorgan Tax Aware Real Return Fund volatility is 1.15%, 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.