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Tax Free Bond Fund - Select (PRBIX)

Tax Free Bond Fund - Select (PRBIX)
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, 25 Years
  • Firm Experience, 18 Years
  • Fund Experience, 10 Years
Other funds managed by Richard Taormina:
Kimberly A. Bingle
Kimberly Bingle| Executive Director Biography

Kimberly A. Bingle , executive director , is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, Kimberly is a senior portfolio manager for the Tax Aware Strategies team and manages tax aware mutual funds, insurance accounts, and institutional accounts. Prior to joining the firm in 1998, Kimberly was a senior securities portfolio manager at Nationwide Insurance Company in Columbus, Ohio, where she was responsible for managing U.S. government bond portfolios, corporate portfolios, and also specialized in the collateralized mortgage obligation (CMO) sector. Kimberly was a member of the Investment Advisory Committee for the Dave Thomas Foundation for Adoption from 2008-2011. Kimberly holds a B.A. in finance from Pennsylvania State University and is a CFA charterholder.

Education
  • B.A., Finance, Pennsylvania State University
Experience
  • Industry Experience, 29 Years
  • Firm Experience, 17 Years
  • Fund Experience, 10 Years
Michelle Hallam
Michelle Hallam| Executive Director Biography

Michelle V. Hallam , executive director , is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in New York, Michelle is a senior portfolio manager for the Tax Aware Strategies team and currently manages fixed income portfolios for private clients under the Tax Aware strategy. An employee since 1999, she previously worked as an analyst in the U.S. Institutional Fixed Income Group. She began her career as an analyst in the Internal Consulting Services program, where she worked on projects in Investment Management and Financial Risk Management. Michelle holds a B.S. in economics from Cornell University and is a CFA charterholder.

Education
  • B.S., Economics, Cornell University
Experience
  • Industry Experience, 16 Years
  • Firm Experience, 16 Years
  • Fund Experience, 1 Year
Other funds managed by Michelle Hallam:

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.

Total return assumes reinvestment of income.