JPMorgan California Tax Free Bond Fund Class C (JCBCX)

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JPMorgan California Tax Free Bond Fund Class C (JCBCX) is up 0.5% since the beginning of the year. JCBCX is currently trading at $10 per share. Investors who bought $1,000 worth of JCBCX shares 5 years ago would now be looking at an investment worth $1,009.

JPMorgan California Tax Free Bond Fund Class C (JCBCX) has returned 0.50% so far this year and 4.86% over the past 12 months. Over the last ten years, JCBCX has returned 0.91% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Feb 18, 2005, JCBCX's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Jan 2009 with a return of +4.4%, while the worst month was Feb 2008 at -3.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, JCBCX closed higher 36% of trading days. The best single day was Mar 25, 2020 with a return of +3.6%, while the worst single day was Mar 12, 2020 at -2.6%.

JPMorgan California Tax Free Bond Fund Class C has an annualized alpha of 2.15%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 22, 2005.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (9.15%) than losses (4.77%) - typical of diversified or defensive assets.
• Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

JCBCX has a high expense ratio of 1.05%, indicating above-average management fees.

JCBCX ranks 47 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for JPMorgan California Tax Free Bond Fund Class C (JCBCX) and compare them to S&P 500 Index.

JPMorgan California Tax Free Bond Fund Class C provided a 2.54% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for JPMorgan California Tax Free Bond Fund Class C. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the JPMorgan California Tax Free Bond Fund Class C. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the JPMorgan California Tax Free Bond Fund Class C was 11.44%, occurring on Oct 25, 2022. Recovery took 808 trading sessions.

The current JPMorgan California Tax Free Bond Fund Class C drawdown is 1.16%.

The chart below shows the rolling one-month volatility.