JPMorgan California Tax Free Bond Fund (JCBAX)
| Fund Assets | 401.34M |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000 |
| Turnover | 61.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 2.87% |
| Dividend Growth | 9.13% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 27, 2025 |
| Previous Close | 10.25 |
| YTD Return | 1.23% |
| 1-Year Return | 0.50% |
| 5-Year Return | 1.15% |
| 52-Week Low | 9.85 |
| 52-Week High | 10.43 |
| Beta (5Y) | 0.19 |
| Holdings | 248 |
| Inception Date | Sep 10, 2001 |
About JCBAX
JPMorgan California Tax Free Bond Fund Class A is an actively managed municipal bond mutual fund focused on delivering high after-tax total return for California residents consistent with moderate capital risk. The fund primarily invests in investment-grade municipal securities whose interest is exempt from federal and California state personal income taxes and is structured to avoid exposure to the federal alternative minimum tax for individuals. It typically maintains broad diversification across California municipal issuers, including state and local governments, agencies, and essential-service revenue bonds, with an intermediate interest-rate profile aligned to its category. Managed within J.P. Morgan’s fixed income platform, the strategy emphasizes credit research, sector allocation, and duration management to balance income generation and principal stability. The fund distributes income monthly, reflecting its role as a tax-efficient income vehicle for taxable investors in California seeking municipal market exposure. Its longstanding track record and experienced management team underpin its standing in the single-state muni universe, offering targeted state tax benefits alongside diversified municipal credit exposure.
Performance
JCBAX had a total return of 0.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.76%.
Top 10 Holdings
17.39% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Institutional Tax Free Money Market Fund | JOAXX | 7.14% |
| CALIFORNIA ST 4% | CA.CAS 4 10.01.2041 | 1.48% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2055 | 1.36% |
| LOS ANGELES CALIF 5% | CA.LOS 5 06.25.2026 | 1.31% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK NATL CHARTER SCH REVOLVING LN F | CA.CASEDU 5 11.01.2029 | 1.20% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 05.01.2055 | 1.06% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5% | AL.BBEUTL 03.01.2055 | 1.01% |
| SACRAMENTO CALIF MUN UTIL DIST ELEC REV 5% | CA.SACPWR 08.15.2049 | 0.99% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 0.95% |
| ALVORD CALIF UNI SCH DIST | CA.ALVSCD 0 08.01.2036 | 0.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 27, 2025 | $0.02731 | Aug 28, 2025 |
| Jul 29, 2025 | $0.02639 | Jul 30, 2025 |
| Jun 26, 2025 | $0.02704 | Jun 27, 2025 |
| May 28, 2025 | $0.02618 | May 29, 2025 |
| Apr 28, 2025 | $0.02687 | Apr 29, 2025 |
| Mar 27, 2025 | $0.02546 | Mar 28, 2025 |