JPMorgan California Tax Free Bond Fund (JCBCX)
| Fund Assets | 401.34M |
| Expense Ratio | 1.05% |
| Min. Investment | $1,000 |
| Turnover | 61.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.50% |
| Dividend Growth | 11.60% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 27, 2025 |
| Previous Close | 10.12 |
| YTD Return | 0.96% |
| 1-Year Return | 0.07% |
| 5-Year Return | -1.17% |
| 52-Week Low | 9.75 |
| 52-Week High | 10.34 |
| Beta (5Y) | n/a |
| Holdings | 248 |
| Inception Date | Feb 19, 2005 |
About JCBCX
JPMorgan California Tax Free Bond Fund Class C is an open-end municipal bond fund designed to deliver high after-tax total return for California residents consistent with a moderate risk of capital. The fund primarily invests in investment-grade municipal securities whose interest is exempt from federal and California personal income taxes and not subject to the federal alternative minimum tax for individuals, aiming to preserve income efficiency for state taxpayers. It normally keeps at least 80% of assets in tax-exempt California munis, spanning general obligation and revenue bonds issued by state and local entities and related authorities, with flexibility to include select securities linked to the U.S. government and private issuers. The strategy emphasizes diversified exposure across sectors such as education, healthcare, transportation, and essential services, reflecting the state’s large municipal financing ecosystem. Managed within J.P. Morgan’s municipal platform, the fund targets an intermediate profile aligned with its category benchmark, distributing income monthly to investors. Its role in the market is to provide a dedicated, tax-advantaged fixed income option tailored to California taxpayers seeking municipal bond exposure and consistent tax-exempt income.
Performance
JCBCX had a total return of 0.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.04%.
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 | $0.02318 | Aug 28, 2025 |
| Jul 29, 2025 | $0.02189 | Jul 30, 2025 |
| Jun 26, 2025 | $0.02287 | Jun 27, 2025 |
| May 28, 2025 | $0.02199 | May 29, 2025 |
| Apr 28, 2025 | $0.02282 | Apr 29, 2025 |
| Mar 27, 2025 | $0.02077 | Mar 28, 2025 |