JPMorgan Tax Aware High Income Fund adds portfolio manager Engelbert

By Toni Weeks

San Luis Obispo, Calif., Feb. 11 - J.P. Morgan Tax Aware Funds announced that Chad A. Engelbert has joined the portfolio management team for the JPMorgan Tax Aware High Income Fund, according to a 497 filing with the Securities and Exchange Commission.

Engelbert joins the existing portfolio management team led by Jennifer Tabak and including Deepa Majmudar, Richard Taormina and William J. Morgan. An employee of J.P. Morgan Investment Management Inc. or its predecessor firms since 2000, Engelbert has 17 years of investment experience and is a high-yield credit analyst currently covering the utility, textiles, pipelines, distributors and retail industries.

Cory Pollock is no longer part of the portfolio management team.

The fund seeks to provide a high level of after-tax income from a portfolio of fixed-income investments comprised of municipal bonds, municipal inverse floaters, high-yield, high-risk taxable securities and non-investment-grade loan assignments and participations. Up to 35% of the fund's total assets may be invested in high-yield bonds.

New York-based J.P. Morgan Investment Management is the investment adviser to the fund.

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