JPMorgan Short-Intermediate Municipal Bond Fund I Class (JIMIX) is a mutual fund that primarily invests in a diversified portfolio of short to intermediate-term municipal bonds. These bonds are issued by state and local governments and are typically exempt from federal income tax. The fund is managed by JPMorgan Asset Management and aims to provide investors with a steady stream of tax-free income while preserving capital. With a focus on shorter-term bonds, the fund may offer lower interest rate risk compared to longer-term bond funds. The "I Class" designation indicates that this fund is only available to institutional investors.