JITAX

About JITAX

JPMorgan National Municipal Income Fund Class A is an open-end mutual fund focused on U.S. municipal fixed income. Its primary objective is to deliver federally tax-exempt monthly income while preserving capital by investing predominantly in investment-grade municipal bonds issued by state and local governments to finance public infrastructure and services. The strategy spans a diversified, nationally oriented portfolio with an intermediate profile, aligning with the muni national intermediate category that balances interest-rate sensitivity and credit diversification. Managed by J.P. Morgan Asset Management, the fund employs fundamental credit research and active duration management against municipal bond benchmarks to navigate rate cycles and credit conditions. Investors use the fund to access broad municipal market exposure, potential tax advantages at the federal level, and a systematic income stream. The share class features a front-end sales charge structure and an expense ratio reduced by contractual waivers, reflecting a traditional A-share design. Within the municipal market ecosystem, the fund plays a role in channeling capital to essential public projects—such as transportation, education, and utilities—while offering a core building block for tax-aware fixed income allocation.