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Tax Aware High Income Fund - C (JTICX)

Tax Aware High Income Fund - C (JTICX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
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, 7 Years
Other funds managed by Jennifer Tabak:
Deepa Majmudar
Deepa Majmudar| Managing Director Biography

Deepa Majmudar, managing director, is a senior portfolio manager and inflation specialist within the Global Fixed Income, Currency & Commodities (GFICC) group. Based in New York, Deepa focuses on strategies and tactics for diversified products and their included asset classes. An employee since 2003, Deepa was previously a member of the tax aware fixed income group. Prior to joining the firm, she worked as a quantitative analyst at AllianceBernstein. Prior to that, Deepa was a research associate at Columbia University and a recipient of a NASA scholarship for her research in cosmology. She holds a B.E. from University of Bombay, and an M.Phil. and Ph.D. in astrophysics from Columbia University.

Education
  • B.E., University of Bombay
  • M.Phil.,Ph.D., Astrophysics, Columbia University
Experience
  • Industry Experience, 15 Years
  • Firm Experience, 11 Years
  • Fund Experience, 7 Years
Other funds managed by Deepa Majmudar:
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, 7 Years
Other funds managed by Richard Taormina:
William J. Morgan
William J. Morgan| Managing Director Biography

William J. Morgan, managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Cincinnati, Bill is the team leader and senior portfolio manager for the High Yield team and is responsible for overseeing high yield, loans and distressed strategies. An employee since 1998, he held the same role at Banc One High Yield Partners, LLC and Pacholder Associates, Inc. Bill holds a B.A. in history from Kenyon College and an M.B.A from Xavier University.

Education
  • B.A., Kenyon College
  • M.B.A., Xavier University
Experience
  • Industry Experience, 32 Years
  • Firm Experience, 30 Years
  • Fund Experience, 7 Years
Other funds managed by William J. Morgan:

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 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 35% of its total assets in high yield securities.

The Fund may invest in loan assignments and participation will typically consist of senior floating rate loans, but may also include secured and unsecured loans and may also be from U.S. or foreign obligors.

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.