JCBAX Performance — JPMorgan California Tax Free Bond Fund, Class A
Data updated: 2026-07-28
JCBAX returned +0.95% year to date and +5.49% over one year to May 2026. Annualised returns are +3.24% over 3 years and +0.77% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $110, against $111 for the category, and to $105 over one year, against $106. Volatility over the past three years was 4.23% a year. In the 12 months to May 2026 the fund took in a net $91.9M, and assets reached $485.67M.
JCBAX Growth of $100
What $100 invested in JPMorgan California Tax Free Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | JCBAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $106 |
| 3 years (Jun 2023 – May 2026) | $110 | $111 |
| 5 years (Jun 2021 – May 2026) | $104 | $104 |
| Since data start (Sep 2019 – May 2026) | $107 | $109 |
JCBAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.95% |
| 1 year | +5.49% |
| 3 years (annualised) | +3.24% |
| 5 years (annualised) | +0.77% |
JCBAX Annual Returns
Calendar-year total returns of JPMorgan California Tax Free Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.95% |
| 2025 | +3.66% |
| 2024 | +1.27% |
| 2023 | +4.89% |
| 2022 | −6.67% |
| 2021 | −0.22% |
| 2020 | +4.00% |
| 2019 (Sep–Dec) | −0.33% |
JCBAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +1.0% | −2.0% | +0.9% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +0.1% | +1.0% | −1.3% | −0.6% | +0.1% | +0.7% | −0.3% | +0.8% | +2.1% | +0.8% | +0.4% | +0.1% |
| 2024 | −0.1% | 0.0% | −0.1% | −0.9% | −0.2% | +1.1% | +0.8% | +0.7% | +0.9% | −1.3% | +1.2% | −0.9% |
| 2023 | +2.2% | −1.7% | +1.7% | −0.2% | −0.9% | +0.6% | +0.3% | −0.8% | −2.0% | −0.8% | +4.5% | +2.1% |
| 2022 | −2.9% | −0.5% | −2.7% | −2.4% | +1.5% | −1.0% | +2.3% | −1.7% | −2.8% | −0.2% | +3.2% | +0.4% |
| 2021 | +0.3% | −1.8% | +0.4% | +0.6% | +0.2% | 0.0% | +0.7% | −0.3% | −0.8% | −0.3% | +0.6% | +0.1% |
| 2020 | +1.6% | +1.0% | −3.1% | −0.8% | +3.2% | +0.4% | +1.4% | −0.6% | 0.0% | −0.3% | +1.1% | +0.3% |
| 2019 | — | — | — | — | — | — | — | — | −0.9% | +0.1% | +0.3% | +0.2% |
JCBAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.23%
- 3-year Sharpe ratio: -0.30 (vs 4.5% risk-free rate)
- Best month: +4.52% (Nov 2023)
- Worst month: −2.04% (Mar 2026)
JCBAX Fund Flows
Monthly money in and out of JPMorgan California Tax Free Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $91.9M
- 12-month gross sales (incl. reinvestments): $208.9M
- Sales ÷ redemptions: 1.79×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $12.9M | $12.6M | $337K |
| Apr 2026 | $13.6M | $9.4M | $4.2M |
| Mar 2026 | $17.2M | $16.3M | $858K |
| Feb 2026 | $21.4M | $5.0M | $16.4M |
| Jan 2026 | $21.0M | $12.9M | $8.0M |
| Dec 2025 | $33.1M | $4.6M | $28.4M |
| Nov 2025 | $9.4M | $7.1M | $2.4M |
| Oct 2025 | $13.9M | $7.5M | $6.4M |
| Sep 2025 | $20.5M | $9.6M | $10.8M |
| Aug 2025 | $15.5M | $8.3M | $7.2M |
| Jul 2025 | $12.8M | $9.9M | $2.9M |
| Jun 2025 | $17.8M | $13.8M | $4.0M |
JCBAX Assets Under Management
Net assets of JPMorgan California Tax Free Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $485.67M |
| 2026-02-28 | $488.72M |
| 2025-11-30 | $430.89M |
| 2025-08-31 | $401.30M |
| 2025-05-31 | $386.13M |
| 2025-02-28 | $377.38M |
| 2024-11-30 | $381.64M |
| 2024-08-31 | $304.99M |
| 2024-05-31 | $299.70M |
| 2024-02-29 | $306.13M |
| 2023-11-30 | $298.54M |
| 2023-08-31 | $292.51M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.