JPMorgan Tax Free Bond Fund Class I (PRBIX)
| Fund Assets | 763.47M |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | 71.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.81% |
| Dividend Growth | -1.89% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 29, 2025 |
| Previous Close | 10.43 |
| YTD Return | -1.38% |
| 1-Year Return | -0.62% |
| 5-Year Return | -2.30% |
| 52-Week Low | 10.30 |
| 52-Week High | 10.99 |
| Beta (5Y) | n/a |
| Holdings | 376 |
| Inception Date | Feb 1, 1995 |
About PRBIX
JPMorgan Tax Free Bond Fund Class I is an open-end mutual fund designed to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests at least 80% of its net assets in a diversified portfolio of U.S. municipal bonds, offering interest income that is generally free from federal taxation. Holding over 300 individual securities, its strategy involves broad diversification across various states and municipalities, reducing concentration risk across sectors and geographic regions. The portfolio may include some holdings subject to the federal alternative minimum tax. This fund is targeted at institutional investors due to its substantial minimum investment requirement. Characterized by a moderate expense ratio, monthly dividend distributions, and an emphasis on relative principal stability, JPMorgan Tax Free Bond Fund Class I plays a role in providing federally tax-exempt income while aiming for capital preservation and steady yield. Its focus on municipal fixed income makes it a significant vehicle within the tax-exempt bond market, particularly for organizations and high-net-worth clients seeking predictable, tax-advantaged income.
Performance
PRBIX had a total return of -0.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.26%.
Top 10 Holdings
14.87% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Institutional Tax Free Money Market Fund | JOIXX | 4.29% |
| University of Wisconsin Hospitals & Clinics - University of Wisconsin Hospitals and Clinics, Series 2018C | WI.UNVMED 04.01.2048 | 1.81% |
| Tennergy Corp./TN - Tennergy Corp., Gas Supply, Series 2021A | n/a | 1.34% |
| State of Louisiana Gasoline & Fuels Tax Revenue - State of Louisiana Gasoline and Fuels Tax, Second Lien, Series 2023A-1 | n/a | 1.33% |
| University of North Carolina at Chapel Hill - University of North Carolina, Hospital at Chapel Hill, Series A | NC.UNCHGR 02.15.2031 | 1.20% |
| Central Plains Energy Project, Gas Project No. 5, Series 2022-1 | n/a | 1.05% |
| Black Belt Energy Gas District, Gas Project, Series 2024D | AL.BBEUTL 03.01.2055 | 1.01% |
| Port Authority of New York & New Jersey - Port Authority of New York and New Jersey, Consolidated, Series 93 | NY.PORTRN 6.12 06.01.2094 | 0.98% |
| Main Street Natural Gas, Inc., Gas Supply, Series 2023E, Subseries E-1 | n/a | 0.94% |
| Mount San Antonio Community College District, Election of 2008, Series 2013A | n/a | 0.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 29, 2025 | $0.03403 | Jul 30, 2025 |
| Jun 26, 2025 | $0.034 | Jun 27, 2025 |
| May 28, 2025 | $0.03343 | May 29, 2025 |
| Apr 28, 2025 | $0.03487 | Apr 29, 2025 |
| Mar 27, 2025 | $0.03207 | Mar 28, 2025 |
| Feb 26, 2025 | $0.0327 | Feb 27, 2025 |