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Tax Aware Income Opportunities Fund - C (JTACX)

Tax Aware Income Opportunities Fund - C (JTACX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
William Eigen
William Eigen| Managing Director Biography

William H. Eigen III, CFA, is the head of Absolute Return and Opportunistic Fixed Income strategies for J.P. Morgan Asset Management. Prior to joining the firm in 2008, Bill headed HCM's Fixed Income Group and spent 12 years at Fidelity Investments as an analyst and lead portfolio manager, where he managed approximately $10 billion across a number of multi-sector mutual funds and institutional products, including the $8 billion Fidelity Strategic Income Fund. Bill began his career in 1990 as a Group Pension Investment consultant in the Retirement and Investment Services Group at CIGNA, where he completed his tenure as a Stable Value (GIC) Investment manager, focusing specifically on the development of dedicated fixed-income portfolio management strategies.

Education
  • B.S., Finance, University of Rhode Island
Experience
  • Industry Experience, 24 Years
  • Firm Experience, 6 Years
  • Fund Experience, 3 Years
Other funds managed by William Eigen:
Rick Taormina
Richard Taormina| Managing Director Biography

Richard D. Taormina, managing director, is head of the Tax Aware Strategies team within our Global Fixed Income, Currency & Commodities (GFICC) group. Based in New York, Rick is responsible for managing municipal and tax-aware mutual funds, high net worth and institutional fixed income accounts, and quantitative analysis. In 2001, Rick initiated a process that allows separately managed accounts to benefit from the power of the JPMorgan platform, including systematic strategic management, institutional level trade execution, and improved portfolio benchmarking. Rick also expanded the use of quantitative analysis and tools, allowing individuals to benefit from strategies previously available only to institutional and taxable buyers. Rick joined the firm as a state-specific mutual fund manager and strategist. Prior to joining the firm in 1997, Rick was a senior trader for national, high-yield, and state-specific funds at the Vanguard Group. He has been a municipal bond manager since 1990. Rick holds a B.A. in economics from the University of Delaware, an M.B.A. in finance from Wilmington College, and is a Certified Financial Planner (CFP).

Education
  • B.A., Economics, University of Delaware
  • M.B.A., Finance, Wilmington College
Experience
  • Industry Experience, 24 Years
  • Firm Experience, 17 Years
  • Fund Experience, 3 Years
Other funds managed by Richard Taormina:
Jennifer Tabak
Jennifer Tabak| Executive Director Biography

Jennifer Tabak , executive director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, Jennifer is a senior portfolio manager for the Tax Aware Strategies team and manages the municipal credit research team. An employee since 1991, Jennifer was previously a fixed income research analyst, providing credit research for a variety of municipal and corporate bond sectors. She graduated summa cum laude with distinction from The Ohio State University with a B.S. in business administration and is a Certified Public Accountant (non-practicing). Jennifer is also a CFA charterholder.

Education
  • B.S., summa cum laude, Business Administration, The Ohio State University
Experience
  • Industry Experience, 27 Years
  • Firm Experience, 23 Years
  • Fund Experience, 3 Years
Other funds managed by Jennifer Tabak:
Nick Rabiecki
Nicholas Rabiecki| Vice President Biography

Nicholas Rabiecki III is a portfolio manager in the U.S. Fixed Income group. An employee since 1996, he is responsible for money market municipals. Prior to joining the firm, he worked at Lehman Brothers as a senior portfolio manager in the tax-exempt area. Prior to that, he held similar positions at Chase and Neuberger Berman.

Education
  • B.A., Economics and Political Science, Boston College
  • M.B.A., Finance, Fordham University
Experience
  • Industry Experience, 28 Years
  • Firm Experience, 18 Years
  • Fund Experience, 3 Years
Other funds managed by Nicholas Rabiecki:

The Fund's fixed income securities are subject to interest rate risk. If rates increase, the value of the Fund's investments generally declines.

The Fund has the ability to invest in municipal securities, the income from which is exempt from federal income tax. The risk of a municipal obligation generally depends on the financial and credit status of the issuer.

The Fund has the ability to invest up to 100% of its total assets in municipal securities. Under normal circumstances, the Fund will invest at least 80% of its assets in municipal securities.

The Fund may also invest up to 20% of its assets in a wide variety of taxable debt securities of issuers from the U.S. and other markets, both developed and emerging.

The Fund may invest in securities that are below investment grade (i.e., "high yield" or "junk bonds") that are generally rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although these securities tend to provide higher yields than higher-rated securities, there is a greater risk that the Fund's share price will decline.

The Fund has the ability to invest up to 50% of its total assets in high yield securities.

The Fund may invest in derivatives that may be riskier than other types of investments because they may be more sensitive to changes in economic or market conditions and could result in losses that significantly exceed the Fund's original investment. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.

For some investors, income may be subject to the Alternative Minimum Tax. Capital gains, if any, are federally taxable. Income may be subject to state and local taxes.

The Fund has an absolute return orientation which means that it is not managed relative to an index.