JPMorgan Tax Aware Real Return Fund Class R6 is an actively managed municipal bond mutual fund designed to maximize after‑tax, inflation‑protected return for U.S. taxpayers. The strategy primarily invests in tax‑exempt municipal securities and complementary inflation‑sensitive assets to help preserve purchasing power while emphasizing tax efficiency in both income and total return outcomes. It targets a “real return” profile by combining muni exposure with techniques that seek to mitigate inflation risk, and reports taxable‑equivalent returns for different tax brackets to frame after‑tax benefits. The R6 share class is an institutional, no‑load option featuring a lower net expense ratio relative to other share classes, supported by contractual fee waivers currently in place through February 2026. The fund’s role in the market is to provide a core, tax‑aware fixed income allocation for investors seeking municipal income characteristics alongside inflation resilience, with performance, yield, and portfolio details published by the sponsor and third‑party data platforms.
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