JITIX Performance — JPMorgan National Municipal Income Fund, Class I
Data updated: 2025-10-29
JITIX returned +0.91% over one year to Aug 2025. Annualised returns are +2.64% over 3 years and +0.47% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $108, against $108 for the category, and to $101 over one year, against $101. Volatility over the past three years was 5.59% a year. In the 12 months to Aug 2025 the fund lost a net $75.3M, and assets reached $1.92B.
JITIX Growth of $100
What $100 invested in JPMorgan National Municipal Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | JITIX | Category average |
|---|---|---|
| 1 year (Sep 2024 – Aug 2025) | $101 | $101 |
| 3 years (Sep 2022 – Aug 2025) | $108 | $108 |
| 5 years (Sep 2020 – Aug 2025) | $102 | $102 |
| Since data start (Sep 2019 – Aug 2025) | $105 | $104 |
JITIX Trailing Returns
Total returns to Aug 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +0.91% |
| 3 years (annualised) | +2.64% |
| 5 years (annualised) | +0.47% |
JITIX Annual Returns
Calendar-year total returns of JPMorgan National Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Aug) | +0.81% |
| 2024 | +2.20% |
| 2023 | +5.05% |
| 2022 | −7.89% |
| 2021 | +0.97% |
| 2020 | +4.81% |
| 2019 (Sep–Dec) | −0.28% |
JITIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.5% | +1.0% | −1.4% | −0.5% | −0.1% | +0.7% | −0.3% | +0.9% | — | — | — | — |
| 2024 | −0.1% | +0.1% | +0.2% | −0.9% | −0.2% | +1.3% | +0.9% | +0.7% | +0.9% | −1.1% | +1.3% | −1.0% |
| 2023 | +2.5% | −1.7% | +1.7% | −0.2% | −0.8% | +0.7% | +0.3% | −1.0% | −2.4% | −1.1% | +5.2% | +2.2% |
| 2022 | −2.4% | −0.6% | −2.7% | −2.6% | +1.3% | −1.3% | +2.4% | −2.0% | −3.3% | −0.8% | +3.9% | +0.2% |
| 2021 | +0.5% | −1.6% | +0.5% | +0.8% | +0.4% | +0.3% | +0.7% | −0.3% | −0.8% | −0.3% | +0.6% | +0.1% |
| 2020 | +1.7% | +1.2% | −3.5% | −0.9% | +3.2% | +0.5% | +1.4% | −0.4% | 0.0% | −0.3% | +1.3% | +0.7% |
| 2019 | — | — | — | — | — | — | — | — | −0.9% | +0.1% | +0.2% | +0.3% |
JITIX Risk
Risk measures from monthly returns over Sep 2022 – Aug 2025.
- 3-year volatility (annualised): 5.59%
- 3-year Sharpe ratio: -0.33 (vs 4.5% risk-free rate)
- Best month: +5.20% (Nov 2023)
- Worst month: −3.25% (Sep 2022)
JITIX Fund Flows
Monthly money in and out of JPMorgan National Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$75.3M
- 12-month gross sales (incl. reinvestments): $490.6M
- Sales ÷ redemptions: 0.87×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Aug 2025 | $29.4M | $35.3M | −$5.9M |
| Jul 2025 | $27.0M | $48.1M | −$21.1M |
| Jun 2025 | $30.4M | $50.7M | −$20.3M |
| May 2025 | $41.0M | $42.7M | −$1.8M |
| Apr 2025 | $91.4M | $76.8M | $14.6M |
| Mar 2025 | $29.5M | $35.8M | −$6.3M |
| Feb 2025 | $20.2M | $47.8M | −$27.5M |
| Jan 2025 | $36.3M | $57.5M | −$21.2M |
| Dec 2024 | $43.2M | $61.3M | −$18.1M |
| Nov 2024 | $35.6M | $33.5M | $2.1M |
| Oct 2024 | $52.5M | $36.1M | $16.4M |
| Sep 2024 | $54.1M | $40.1M | $14.0M |
JITIX Assets Under Management
Net assets of JPMorgan National Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-08-31 | $1.92B |
| 2025-05-31 | $1.96B |
| 2025-02-28 | $2.01B |
| 2024-11-30 | $2.09B |
| 2024-08-31 | $2.05B |
| 2024-05-31 | $2.04B |
| 2024-02-29 | $2.25B |
| 2023-11-30 | $2.78B |
| 2023-08-31 | $3.41B |
| 2023-05-31 | $3.45B |
| 2023-02-28 | $3.56B |
| 2022-11-30 | $3.55B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.