JPMorgan California Tax Free Bond I (JPICX)
| Fund Assets | 419.05M |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | 61.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.16% |
| Dividend Growth | 7.83% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 29, 2025 |
| Previous Close | 10.06 |
| YTD Return | 2.01% |
| 1-Year Return | 2.24% |
| 5-Year Return | 2.86% |
| 52-Week Low | 9.60 |
| 52-Week High | 10.13 |
| Beta (5Y) | n/a |
| Holdings | 241 |
| Inception Date | Dec 23, 1996 |
About JPICX
JPMorgan California Tax Free Bond Fund Class I is a municipal bond mutual fund designed to deliver high after‑tax total return for California residents while targeting a moderate risk profile. The fund primarily invests in investment‑grade California municipal securities whose income is exempt from federal and California state personal income taxes and generally not subject to the federal alternative minimum tax for individuals. Its portfolio centers on tax‑exempt bonds across essential-service issuers such as state general obligations, transportation authorities, utilities, higher education, and health facilities, complemented by liquidity in cash equivalents. The strategy typically maintains at least 80% of assets in tax‑exempt municipal holdings, aligning with its income‑oriented mandate. Backed by J.P. Morgan Asset Management, the fund is positioned within the California muni category and emphasizes diversified sector exposure and disciplined credit selection to balance income and capital preservation. Morningstar notes the share class carries a cost profile that sits in one of the cheaper fee quintiles among peers, underscoring operational efficiency within its category.
Performance
JPICX had a total return of 2.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.37%.
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 | $0.02765 | Oct 30, 2025 |
| Sep 26, 2025 | $0.02806 | Sep 29, 2025 |
| Aug 27, 2025 | $0.02819 | Aug 28, 2025 |
| Jul 29, 2025 | $0.0272 | Jul 30, 2025 |
| Jun 26, 2025 | $0.02788 | Jun 27, 2025 |
| May 28, 2025 | $0.02716 | May 29, 2025 |