JPMorgan California Tax Free Bond Fund (JCBSX)
| Fund Assets | 401.34M |
| Expense Ratio | 0.35% |
| Min. Investment | $5,000,000 |
| Turnover | 61.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.26% |
| Dividend Growth | 8.49% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 27, 2025 |
| Previous Close | 9.98 |
| YTD Return | 1.33% |
| 1-Year Return | 0.64% |
| 5-Year Return | 2.15% |
| 52-Week Low | 9.60 |
| 52-Week High | 10.17 |
| Beta (5Y) | n/a |
| Holdings | 248 |
| Inception Date | Oct 1, 2018 |
About JCBSX
JPMorgan California Tax Free Bond Fund R6 is an actively managed municipal bond mutual fund focused on providing federally and California state tax‑exempt income to California residents. The fund normally invests at least 80% of assets in investment‑grade municipal securities whose interest is exempt from federal income tax, California personal income tax, and the federal alternative minimum tax for individuals, while maintaining moderate interest‑rate sensitivity typical of intermediate muni strategies. Managed within J.P. Morgan’s municipal platform, it emphasizes diversified exposure across California issuers and essential‑service revenue and general obligation bonds, seeking high after‑tax total return consistent with prudent credit selection and duration management. The R6 share class is designed for institutional platforms, featuring a low expense ratio and no distribution fees. With hundreds of holdings and an effective duration around the intermediate range, the fund plays a role in tax‑aware fixed income allocation, offering monthly distributions and potential ballast against equity volatility for investors needing state‑specific tax efficiency.
Performance
JCBSX had a total return of 0.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.89%.
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 | $0.029 | Aug 28, 2025 |
| Jul 29, 2025 | $0.02806 | Jul 30, 2025 |
| Jun 26, 2025 | $0.02868 | Jun 27, 2025 |
| May 28, 2025 | $0.02797 | May 29, 2025 |
| Apr 28, 2025 | $0.02848 | Apr 29, 2025 |
| Mar 27, 2025 | $0.02722 | Mar 28, 2025 |