JPMorgan California Tax Free Bond Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.7%
1 yr return
2.1%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
0.9%
Net Assets
$306 M
Holdings in Top 10
13.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$15,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
JCBSX - Profile
Distributions
- YTD Total Return -0.7%
- 3 Yr Annualized Total Return -0.8%
- 5 Yr Annualized Total Return 0.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.63%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameJPMorgan California Tax Free Bond Fund
-
Fund Family NameJPMorgan Funds
-
Inception DateOct 02, 2018
-
Shares Outstanding13896557
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichelle Hallam
Fund Description
JCBSX - Performance
Return Ranking - Trailing
Period | JCBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.7% | -4.4% | 10.8% | 52.95% |
1 Yr | 2.1% | -5.7% | 31.7% | 61.67% |
3 Yr | -0.8%* | -11.1% | 2.5% | 25.78% |
5 Yr | 0.9%* | -5.9% | 1102.0% | 48.78% |
10 Yr | N/A* | -0.4% | 248.1% | 66.22% |
* Annualized
Return Ranking - Calendar
Period | JCBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.2% | -1.4% | 41.0% | 66.73% |
2022 | -8.4% | -39.7% | 0.3% | 22.87% |
2021 | -1.6% | -5.6% | 6.9% | 94.36% |
2020 | 2.3% | -2.6% | 310.0% | 21.03% |
2019 | 3.3% | 0.0% | 26.0% | 70.98% |
Total Return Ranking - Trailing
Period | JCBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.7% | -4.4% | 10.8% | 52.95% |
1 Yr | 2.1% | -5.7% | 31.7% | 61.67% |
3 Yr | -0.8%* | -11.1% | 2.5% | 25.78% |
5 Yr | 0.9%* | -5.9% | 1102.0% | 48.78% |
10 Yr | N/A* | -0.4% | 248.1% | 62.06% |
* Annualized
Total Return Ranking - Calendar
Period | JCBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.0% | -1.3% | 41.0% | 65.43% |
2022 | -6.4% | -39.7% | 1.1% | 21.75% |
2021 | 0.0% | -4.8% | 23761504.0% | 88.06% |
2020 | 4.2% | -1.5% | 17057.9% | 33.92% |
2019 | 4.9% | 0.2% | 3514.6% | 80.58% |
NAV & Total Return History
JCBSX - Holdings
Concentration Analysis
JCBSX | Category Low | Category High | JCBSX % Rank | |
---|---|---|---|---|
Net Assets | 306 M | 3.22 M | 71.9 B | 60.28% |
Number of Holdings | 192 | 2 | 13067 | 60.25% |
Net Assets in Top 10 | 40.1 M | -317 M | 3.4 B | 69.55% |
Weighting of Top 10 | 13.43% | 1.9% | 100.4% | 70.18% |
Top 10 Holdings
- State of California 2.05%
- Los Angeles Department of Water Power, Series 2023 D 1.90%
- JPMorgan Institutional Tax Free Money Market Fund, Class IM 1.71%
- California Health Facilities Financing Authority, Cedars-Sinai Medical Center, Series A 1.23%
- Port of Los Angeles, Harbor Department, Series 2019B 1.22%
- University of California, Series 2023BN 1.13%
- San Francisco City and County Airport Commission, San Francisco International Airport, Series 2019A 1.07%
- California Infrastructure Economic Development Bank, The J. Paul Getty Trust, Series 2023 B 1.06%
- California Infrastructure and Economic Development Bank, Clean Water State Revolving Fund 1.04%
- State of California, Various Purpose 1.02%
Asset Allocation
Weighting | Return Low | Return High | JCBSX % Rank | |
---|---|---|---|---|
Bonds | 97.74% | 0.00% | 150.86% | 65.31% |
Cash | 2.26% | -50.86% | 50.09% | 31.93% |
Stocks | 0.00% | 0.00% | 99.81% | 31.20% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 22.50% |
Other | 0.00% | -8.54% | 33.35% | 30.32% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 22.45% |
Bond Sector Breakdown
Weighting | Return Low | Return High | JCBSX % Rank | |
---|---|---|---|---|
Municipal | 99.16% | 44.39% | 100.00% | 36.53% |
Cash & Equivalents | 1.71% | 0.00% | 48.02% | 22.24% |
Derivative | 0.00% | -8.54% | 23.38% | 27.28% |
Securitized | 0.00% | 0.00% | 5.93% | 24.21% |
Corporate | 0.00% | 0.00% | 9.41% | 37.05% |
Government | 0.00% | 0.00% | 52.02% | 29.40% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | JCBSX % Rank | |
---|---|---|---|---|
US | 97.74% | 0.00% | 142.23% | 62.12% |
Non US | 0.00% | 0.00% | 23.89% | 31.48% |
JCBSX - Expenses
Operational Fees
JCBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.45% | 0.01% | 20.65% | 87.18% |
Management Fee | 0.30% | 0.00% | 1.20% | 15.50% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.08% | 0.01% | 0.44% | 19.47% |
Sales Fees
JCBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
JCBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
JCBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 11.00% | 0.00% | 283.00% | 25.60% |
JCBSX - Distributions
Dividend Yield Analysis
JCBSX | Category Low | Category High | JCBSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.56% | 52.65% |
Dividend Distribution Analysis
JCBSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
JCBSX | Category Low | Category High | JCBSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.63% | -0.53% | 5.33% | 65.97% |
Capital Gain Distribution Analysis
JCBSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 27, 2024 | $0.025 | OrdinaryDividend |
Feb 28, 2024 | $0.025 | OrdinaryDividend |
Jan 30, 2024 | $0.024 | OrdinaryDividend |
Dec 28, 2023 | $0.023 | OrdinaryDividend |
Nov 29, 2023 | $0.024 | OrdinaryDividend |
Oct 30, 2023 | $0.023 | OrdinaryDividend |
Sep 28, 2023 | $0.021 | OrdinaryDividend |
Aug 30, 2023 | $0.021 | OrdinaryDividend |
Jul 28, 2023 | $0.021 | OrdinaryDividend |
Jun 29, 2023 | $0.023 | OrdinaryDividend |
May 30, 2023 | $0.023 | OrdinaryDividend |
Apr 27, 2023 | $0.024 | OrdinaryDividend |
Mar 30, 2023 | $0.022 | OrdinaryDividend |
Feb 27, 2023 | $0.022 | OrdinaryDividend |
Jan 30, 2023 | $0.021 | OrdinaryDividend |
Dec 29, 2022 | $0.022 | OrdinaryDividend |
Nov 29, 2022 | $0.021 | OrdinaryDividend |
Oct 28, 2022 | $0.019 | OrdinaryDividend |
Sep 29, 2022 | $0.019 | OrdinaryDividend |
Aug 30, 2022 | $0.018 | OrdinaryDividend |
Jul 28, 2022 | $0.017 | OrdinaryDividend |
Jun 29, 2022 | $0.017 | OrdinaryDividend |
May 27, 2022 | $0.016 | OrdinaryDividend |
Apr 28, 2022 | $0.017 | OrdinaryDividend |
Mar 30, 2022 | $0.015 | OrdinaryDividend |
Feb 25, 2022 | $0.016 | OrdinaryDividend |
Jan 28, 2022 | $0.015 | OrdinaryDividend |
Dec 30, 2021 | $0.015 | OrdinaryDividend |
Nov 29, 2021 | $0.015 | OrdinaryDividend |
Oct 28, 2021 | $0.014 | OrdinaryDividend |
Sep 29, 2021 | $0.014 | OrdinaryDividend |
Aug 30, 2021 | $0.014 | OrdinaryDividend |
Jul 29, 2021 | $0.014 | OrdinaryDividend |
Jun 29, 2021 | $0.015 | OrdinaryDividend |
May 27, 2021 | $0.015 | OrdinaryDividend |
Apr 29, 2021 | $0.019 | OrdinaryDividend |
Mar 30, 2021 | $0.014 | OrdinaryDividend |
Feb 25, 2021 | $0.015 | OrdinaryDividend |
Jan 28, 2021 | $0.014 | OrdinaryDividend |
Dec 30, 2020 | $0.013 | OrdinaryDividend |
Nov 27, 2020 | $0.016 | OrdinaryDividend |
Oct 29, 2020 | $0.015 | OrdinaryDividend |
Sep 29, 2020 | $0.017 | OrdinaryDividend |
Aug 28, 2020 | $0.015 | OrdinaryDividend |
Jul 30, 2020 | $0.015 | OrdinaryDividend |
Jun 29, 2020 | $0.016 | OrdinaryDividend |
May 28, 2020 | $0.017 | OrdinaryDividend |
Apr 28, 2020 | $0.020 | OrdinaryDividend |
Mar 30, 2020 | $0.018 | OrdinaryDividend |
Feb 27, 2020 | $0.019 | OrdinaryDividend |
Jan 30, 2020 | $0.018 | OrdinaryDividend |
Dec 30, 2019 | $0.000 | OrdinaryDividend |
Nov 27, 2019 | $0.020 | OrdinaryDividend |
Oct 30, 2019 | $0.000 | OrdinaryDividend |
Sep 27, 2019 | $0.000 | OrdinaryDividend |
Aug 29, 2019 | $0.000 | OrdinaryDividend |
Jul 30, 2019 | $0.022 | OrdinaryDividend |
Jun 27, 2019 | $0.023 | OrdinaryDividend |
Jun 03, 2019 | $0.023 | OrdinaryDividend |
May 30, 2019 | $0.023 | OrdinaryDividend |
Apr 29, 2019 | $0.025 | OrdinaryDividend |
Mar 28, 2019 | $0.024 | OrdinaryDividend |
Feb 27, 2019 | $0.024 | OrdinaryDividend |
Jan 30, 2019 | $0.023 | OrdinaryDividend |
Dec 28, 2018 | $0.027 | OrdinaryDividend |
Nov 29, 2018 | $0.026 | OrdinaryDividend |
Oct 30, 2018 | $0.025 | OrdinaryDividend |
JCBSX - Fund Manager Analysis
Managers
Michelle Hallam
Start Date
Tenure
Tenure Rank
Jun 30, 2004
17.93
17.9%
Ms. Hallam, CFA charterholder and Executive Director, is a senior portfolio manager within the Global Fixed Income, Currency and Commodities (GFICC) group. An employee of JPMIM since 1999, Ms. Hallam is responsible for managing mutual funds and separately managed accounts. She began her career at JPMIM in July 1999 as an analyst in the Internal Consulting Services program where she worked on projects in Investment Management and Financial Risk Management.
David Sivinski
Start Date
Tenure
Tenure Rank
Apr 29, 2005
17.1
17.1%
David Sivinski, CFA charterholder and Executive Director, has also been as portfolio manager with J.P. Morgan Investment Management. In addition to his role as portfolio manager, Mr. Sivinski coordinates municipal management for a number of high net worth clients that focus principally on single state municipal bonds. He has worked at JPMorgan Investment Advisors, an affiliate of JPMIM since 1992. Previously, he spent seven years as a first vice president with First Security National Bank in Lexington, Kentucky, and 10 years with Bank One in Columbus, Ohio. Sivinski holds the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |