VINRX

About VINRX

JPMorgan New York Tax Free Bond Fund is a municipal bond mutual fund designed to provide investors with federally and New York State and City tax-exempt monthly income. The fund primarily invests in a diversified portfolio of high-quality municipal securities issued by New York entities, aiming to shield interest income from federal, state, and local personal income taxes—making it particularly attractive for investors seeking tax efficiency and stable, tax-free cash flows. Notable features include a focus on intermediate-term maturities, typically maintaining a dollar-weighted average maturity between three and ten years, and a robust risk management approach reflected in its below-average risk rating for the category. The fund is managed by an experienced team and has recently seen a transition to new leadership, which has continued to deliver strong relative performance. With a sizeable asset base and one of the lowest expense ratios among its peers, it offers cost-effective access to the New York municipal bond market and contributes to the fixed income landscape by supporting essential public projects through municipal financing.