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Tax Aware Equity Fund - Institutional (JPDEX)

Tax Aware Equity Fund - Institutional (JPDEX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Performance basics
  Total returns
(as of 3/31/2014)
Annualized returns
(as of 3/31/2014)
  1
Month
3
Month

YTD
1
Year
3
Year
5
Year
10
Year
at NAV 0.32% 1.87% 1.87% 24.66% 14.76% 21.02% 7.47%
Return After Taxes on Distributions2 0.26% 1.81% 1.81% 24.33% 14.47% 20.74% 7.22%
Return After Taxes on Distributions and Sale of Fund Shares3 0.23% 1.11% 1.11% 14.19% 11.60% 17.25% 6.08%
S&P 500 Index 0.84% 1.81% 1.81% 21.86% 14.66% 21.16% 7.42%
Lipper Large-Cap Core Funds Index 0.87% 1.98% 1.98% 21.61% 13.83% 19.93% 6.82%

2Return After Taxes on Distributions are adjusted for federal income taxes associated with fund distributions but do not reflect the federal income tax impact of gains or losses recognized when fund shares are sold. Although these returns assume that an investor continued to hold shares for the purposes of reflecting the federal income tax impact of sale of fund shares, they assume that an investor sold the shares for purposes of reflecting deduction of fees and charges payable upon sale.

3Return After Taxes on Distributions and Sale of Fund Shares are adjusted for federal income taxes associated with fund distributions and reflect the federal income tax impact of gains or losses recognized when fund shares are sold. These returns reflect deductions of fees and charges payable upon a redemption of fund shares, such as sales charges or redemption fees.

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

 

Cumulative returns (as of 3/31/2014)
  1 Year 3 Year 5 Year 10 Year
at NAV 24.66% 51.15% 159.55% 105.60%
Calendar year returns
 
at NAV
S&P 500 Index
Lipper Large-Cap Core Funds Index
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
11.29% 3.49% 15.91% 3.86% -36.11% 30.62% 14.12% -1.93% 17.57% 35.11%
10.88% 4.91% 15.80% 5.49% -37.00% 26.46% 15.06% 2.11% 16.00% 32.39%
8.29% 5.72% 13.39% 6.63% -37.07% 28.15% 12.77% 0.09% 15.32% 31.82%
Browse your yearly returns: 2004
2013

N/A: Not available at this time


Annual operating expenses (%)
Expense cap expiration date 02/28/2015
Expense cap 0.55%
Total annual operating expenses 0.56%
Fee waivers and/or expense reimbursements 0.01%
Net expenses 0.55%

Fee waivers and/or expense reimbursements,Net Expenses
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

Morningstar ratings (as of 3/31/2014)
Morningstar category: Large Blend
Overall
1361 funds in category
3 Year
1361 funds in category
5 Year
1219 funds in category
10 Year
806 funds in category

2014, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Different share classes may have different ratings.

The Fund's tax aware strategies may reduce the amount of taxable income that you recognize as a result of your investment in the Fund but will not eliminate it. These strategies may require trade-offs that reduce pre-tax income.

Prior to 1/1/2003, the tax rate was 38.6%. Prior to 1/1/2002, the tax rate was 39.1%. Prior to 7/1/2001, the tax rate was 39.6%.

The S&P 500 Index is an unmanaged index generally representative of the performance of large companies in the U.S. stock market. Index levels are in total return USD. The performance of the index does not reflect the deduction of expenses associated with a fund, such as management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

The performance of the Lipper Large-Cap Core Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees for certain periods since the inception date. If fees had not been waived, performance would have been less favorable.