The investment seeks to maximize after-tax inflation protected return. The fund is designed to protect after-tax return by, under normal circumstances, primarily investing in a portfolio of municipal obligations whose interest payments are excluded from federal income taxes. Because of the limited supply of inflation-protected municipal securities, the fund seeks to synthetically create inflation protection by investing in a combination of conventional municipal securities and inflation-linked derivatives such as Non-Seasonally Adjusted Consumer Price Index for all Urban Consumers (CPI-U) swaps. The average weighted maturity will be between 3 and 10 years.
Fund filings (PDF) »
Deepa Majmudar (Started: Aug 31, 2005)
Richard Taormina (Started: Aug 31, 2005)
# Contact ?>
JPMorgan, 270 Park Avenue, 42nd Floor, New York, NY 10017-2070, USA
1 646 534 2254 (Fax)