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Intermediate Tax Free Bond Fund - A (JITAX)

Intermediate Tax Free Bond Fund - A (JITAX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
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, 8 Years
Other funds managed by Richard Taormina:
David Sivinski
David Sivinski| Executive Director Biography

David Sivinski, executive director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, David is a senior fixed income fund manager for the Tax Aware Strategies team. In addition, he coordinates municipal management for high net worth clients that focus principally on single state municipal bonds. Prior to rejoining the firm in 1992, David moved to First Security National Bank and Trust Company in Lexington, Kentucky where he was ALCO Chairman for the organization and managed a number of areas including the bank’s investment portfolio and the Trust Department’s fixed income portfolios. Prior to this, he managed the bank investment portfolios for all the affiliate banks of Banc One Corp. David holds a B.A. in finance from The Ohio State University and is a CFA charterholder.

Education
  • B.A., Finance, Ohio State University
Experience
  • Industry Experience, 39 Years
  • Firm Experience, 22 Years
  • Fund Experience, 9 Years
Other funds managed by David Sivinski:

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

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 may invest in futures contracts and derivatives. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.