JPMorgan California Tax Free Bond Fund (JCBAX)
| Fund Assets | 419.05M |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000 |
| Turnover | 61.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 2.90% |
| Dividend Growth | 8.30% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 29, 2025 |
| Previous Close | 10.29 |
| YTD Return | 1.72% |
| 1-Year Return | 1.98% |
| 5-Year Return | 2.11% |
| 52-Week Low | 9.85 |
| 52-Week High | 10.39 |
| Beta (5Y) | 0.21 |
| Holdings | 241 |
| 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 1.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.76%.
Top 10 Holdings
20.47% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Institutional Tax Free Money Market Fund | JOIXX | 10.45% |
| State of California, Various Purpose | CA.CAS 4 10.01.2041 | 1.46% |
| California Community Choice Financing Authority, Clean Energy Project, Series 2024D | CA.CCEDEV 02.01.2055 | 1.34% |
| City of Los Angeles CA - City of Los Angeles | CA.LOS 5 06.25.2026 | 1.28% |
| California Infrastructure & Economic Development Bank - California Infrastructure and Economic Development Bank, Equitable School Revolving Fund LLC, Series 2024B | CA.CASEDU 5 11.01.2029 | 1.18% |
| Main Street Natural Gas, Inc., Gas Supply, Series 2024E | GA.MAIUTL 05.01.2055 | 1.05% |
| Black Belt Energy Gas District, Gas Project, Series 2024D | AL.BBEUTL 03.01.2055 | 0.98% |
| Sacramento Municipal Utility District, Series 2023D | CA.SACPWR 08.15.2049 | 0.97% |
| Alvord Unified School District, 2007 Election, Series 2011B | CA.ALVSCD 0 08.01.2036 | 0.89% |
| Port of Los Angeles, Harbor Department, Series 2019B | CA.LOSTRN 5 08.01.2026 | 0.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 29, 2025 | $0.02675 | Oct 30, 2025 |
| Sep 26, 2025 | $0.02719 | Sep 29, 2025 |
| 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 |