JTICX Performance — JPMorgan High Yield Municipal Fund, Class C
Data updated: 2023-07-27
JTICX returned −4.95% over one year to May 2023. The annualised 3-year return is −0.35%. The fund trailed its High Yield Bond category average: $100 invested three years ago grew to $99, against $107 for the category, and to $95 over one year, against $100. Volatility over the past three years was 8.44% a year. In the 12 months to May 2023 the fund lost a net $108.6M, and assets reached $261.92M.
JTICX Growth of $100
What $100 invested in JPMorgan High Yield Municipal Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | JTICX | Category average |
|---|---|---|
| 1 year (Jun 2022 – May 2023) | $95 | $100 |
| 3 years (Jun 2020 – May 2023) | $99 | $107 |
| Since data start (Sep 2019 – May 2023) | $91 | $104 |
JTICX Trailing Returns
Total returns to May 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −4.95% |
| 3 years (annualised) | −0.35% |
JTICX Annual Returns
Calendar-year total returns of JPMorgan High Yield Municipal Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–May) | +1.01% |
| 2022 | −15.90% |
| 2021 | +5.04% |
| 2020 | +2.40% |
| 2019 (Sep–Dec) | −0.23% |
JTICX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +3.3% | −2.6% | +1.3% | +0.1% | −0.9% | — | — | — | — | — | — | — |
| 2022 | −2.6% | −1.1% | −3.8% | −4.5% | +0.9% | −3.5% | +3.7% | −2.6% | −6.2% | −1.9% | +5.2% | −0.3% |
| 2021 | +1.5% | −1.2% | +0.6% | +1.5% | +1.1% | +1.0% | +1.0% | −0.5% | −1.1% | −0.3% | +1.1% | +0.1% |
| 2020 | +1.9% | +1.9% | −10.1% | −4.1% | +3.1% | +3.9% | +2.8% | −0.1% | +0.3% | −0.2% | +2.1% | +1.6% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | 0.0% | +0.1% | +0.4% |
JTICX Risk
Risk measures from monthly returns over Jun 2020 – May 2023.
- 3-year volatility (annualised): 8.44%
- 3-year Sharpe ratio: -0.58 (vs 4.5% risk-free rate)
- Best month: +5.19% (Nov 2022)
- Worst month: −6.16% (Sep 2022)
JTICX Fund Flows
Monthly money in and out of JPMorgan High Yield Municipal Fund, from SEC Form N-PORT.
- 12-month net flow: −$108.6M
- 12-month gross sales (incl. reinvestments): $189.6M
- Sales ÷ redemptions: 0.64×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2023 | $2.5M | $35.7M | −$33.2M |
| Apr 2023 | $10.1M | $9.6M | $416K |
| Mar 2023 | $6.1M | $15.4M | −$9.3M |
| Feb 2023 | $5.2M | $14.1M | −$8.9M |
| Jan 2023 | $11.8M | $7.9M | $3.9M |
| Dec 2022 | $18.9M | $47.3M | −$28.4M |
| Nov 2022 | $12.6M | $24.6M | −$12.0M |
| Oct 2022 | $37.3M | $15.2M | $22.1M |
| Sep 2022 | $9.6M | $44.2M | −$34.6M |
| Aug 2022 | $11.4M | $36.7M | −$25.3M |
| Jul 2022 | $34.7M | $27.4M | $7.3M |
| Jun 2022 | $29.4M | $20.1M | $9.3M |
JTICX Assets Under Management
Net assets of JPMorgan High Yield Municipal Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-05-31 | $261.92M |
| 2023-02-28 | $305.46M |
| 2022-11-30 | $340.46M |
| 2022-08-31 | $378.84M |
| 2022-05-31 | $400.35M |
| 2022-02-28 | $491.47M |
| 2021-11-30 | $527.59M |
| 2021-08-31 | $528.01M |
| 2021-05-31 | $523.83M |
| 2021-02-28 | $503.47M |
| 2020-11-30 | $498.01M |
| 2020-08-31 | $499.92M |
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.