JPMorgan California Tax Free Bond Fund Class I (JPICX)
| Fund Assets | 458.20M |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | 61.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.23% |
| Dividend Growth | 7.27% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 28, 2026 |
| Previous Close | 10.05 |
| YTD Return | 0.75% |
| 1-Year Return | 4.38% |
| 5-Year Return | 3.52% |
| 52-Week Low | 9.34 |
| 52-Week High | 10.07 |
| Beta (5Y) | n/a |
| Holdings | 265 |
| 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 4.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.09%.
Top 10 Holdings
17.96% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Institutional Tax Free Money Market Fund | JOIXX | 7.52% |
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.4% | CA.BAYTRN 04.01.2059 | 2.00% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2055 | 1.27% |
| LOS ANGELES CALIF 5% | CA.LOS 5 06.25.2026 | 1.18% |
| CALIFORNIA ST 4% | CA.CAS 4 10.01.2041 | 1.18% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK NATL CHARTER SCH REVOLVING LN F | CA.CASEDU 5 11.01.2029 | 1.09% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 10.01.2056 | 0.97% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5% | AL.BBEUTL 03.01.2055 | 0.95% |
| SACRAMENTO CALIF MUN UTIL DIST ELEC REV 5% | CA.SACPWR 08.15.2049 | 0.90% |
| ALVORD CALIF UNI SCH DIST | CA.ALVSCD 0 08.01.2036 | 0.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 28, 2026 | $0.02534 | Jan 29, 2026 |
| Dec 29, 2025 | $0.02609 | Dec 29, 2025 |
| Nov 25, 2025 | $0.02751 | Nov 26, 2025 |
| Oct 29, 2025 | $0.02765 | Oct 30, 2025 |
| Sep 26, 2025 | $0.02806 | Sep 29, 2025 |
| Aug 27, 2025 | $0.02819 | Aug 28, 2025 |