JCNTX

About JCNTX

JPMorgan New York Tax Free Bond Fund Class C is a mutual fund focused on providing tax-exempt income to investors by primarily investing in municipal bonds issued within New York State. Its main objective is to deliver monthly dividends that are excluded from federal and, in most cases, state and local income tax for New York residents. The fund targets securities with an average dollar-weighted maturity between three and ten years and generally holds bonds rated BBB- or higher, emphasizing both credit quality and relative price stability. The portfolio's yield reflects its focus on generating tax-free income, with recent standardized yields around 2.9%. This fund plays a significant role for investors seeking efficient income solutions while managing tax liabilities, especially those residing in New York. By concentrating on New York municipal securities, it supports infrastructure, education, and various public projects within the state, serving both individual and institutional investors looking to maximize after-tax returns through a diversified, professionally managed portfolio of municipal debt instruments.