JPMorgan OH Municipal Bond A  ONOHX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni Ohio Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   5.81 Yrs
   Avg Credit Quality
   AA
As of 2009-09-30
Day Change
$ 0.02
  
NAV (2009-11-20)
$ 11.10
  
YTD Return % (2009-11-20)
7.70%
  
Total Assets ($ mil)
299
View Data Definitions
  Performance    
Growth of $10,000 Fund: JPMorgan OH Municipal Bond A
(from 1999-01-01 to 2009-10-31) Category: Muni Ohio
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1992-02-18 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 7.70 9.04 4.37 3.65 4.52 4.82
+/- Category -3.93 -3.21 1.62 0.47 -0.10 ---
+/- BarCap Municipal TR USD -4.44 -2.63 0.12 -0.71 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 4.87 7.98 3.63 3.11 4.25 4.74
Month-End (as of 2009-10-31) 2.63 5.92 2.74 2.55 4.12 4.59
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 5.92 2.74 2.55 4.12 ---
On Distribution & Sale of Shares --- 5.10 2.87 2.70 4.11 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 64 funds), (5 yrs : out of 57 funds), (10 yrs : out of 50 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is 3.75%, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 30.37
Advance Refunded 7.99
State Appropriated Tobacco ---
Non-state Appropriated Tobacco ---
Education 5.61
Health 6.43
Housing 3.18
Industrial 0.62
Transportation 6.13
Utilities 3.16
Water/Sewer 15.31
Misc. Revenue 21.20
Bond Quality % of Bonds
AAA 34.8
AA 39.0
A 21.1
BBB 5.2
BB 0.0
B 0.0
Below B 0.0
Not Rated 0.0
 
Asset Allocation
% of Net Assets
Cash 7.5
Stocks 0.0
Bonds 92.5
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 12
Total Number of Bond Holdings 180 30 Day SEC Yield % 2.16
% of Assets in Top 10 Holdings 12.33 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
JPMorgan Tax-Free Money Mkt Inst 2049-12-31 18,044 18,044 6.07
Ohio St Tpk Commn Tpk Rev Ref Rev B 5.5% 2014-02-15 5,155 5,939 2.00
Cleveland Ohio Ctfs Partn Cops 2011-11-15 5,250 5,088 1.71
Ohio St Bldg Auth 5% 2020-10-01 4,000 4,727 1.59
Clermont Cnty Ohio Wtrwks Rev Ref 5.25% 2016-08-01 2,975 3,339 1.12
Ohio St Go Bds 5% 2016-09-01 2,720 3,188 1.07
Lakota Ohio Loc Sch Dist 5.25% 2024-12-01 2,500 3,061 1.03
Summit Cnty Ohio Port Auth 4.5% 2017-09-20 2,785 2,924 0.98
Riversouth Auth 5% 2017-12-01 2,550 2,883 0.97
Cuyahoga Cnty Ohio Rev Rev Bds 5.5% 2013-01-01 2,500 2,782 0.94
Data through 2009-09-30
  Other Information
Fund Inception: 1992-02-18
Portfolio Manager  (Start Date)
David Sivinski  (1994-12-30)
Sivinski is currently a portfolio manager with J.P. Morgan Investment Management. He has worked at JPMorgan Investment Advisors, an affiliate of JPMIM since 1992. Previously, he spent seven years as a first vice president with First Security National Bank in Lexington, Kentucky, and 10 years with Bank One in Columbus, Ohio. Sivinski holds the Chartered Financial Analyst designation.
Jennifer Tabak  (2005-06-30)
Tabak is a portfolio manager with JPMorgan Investment Advisors (formerly Banc One Investment Advisors), her employer since 1991. She joined the firm as a financial analyst.
Sales Charge %
(taken from prospectus dated 2009-08-31)
Front: 3.75
Deferred: None
Expense Ratio % 0.88
based on net assets
(taken from annual report dated 2008-08-31)
Correspondence Information
Finsbury Dials
20 Finsbury Street
London,  Lo  EC2Y 9AQ
Telephone:
800-480-4111
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.