JCBSX Fees and Costs — JPMorgan California Tax Free Bond Fund, Class R6
Data updated: 2026-07-28
The net expense ratio is 0.35%: a 0.30% management fee plus 0.15% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0006% of average net assets, and portfolio turnover was 61%.
JCBSX Fees and Expenses
Annual operating expenses and sales charges of JCBSX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.46% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JCBSX Costs Over Time
On $10,000 invested in JCBSX, assuming 5% a year before costs, total costs come to $222 over 5 years, cutting the return by 0.37% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
JCBSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0006%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $367.9M
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
JCBSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1K | 59.91% |
| BofA Securities, Inc. | $618 | 26.35% |
| Deutsche Bank Securities Inc. | $204 | 8.68% |
| Morgan Stanley & Co. LLC | $119 | 5.06% |
JCBSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $47.4M | 16.50% |
| Barclays Capital, Inc. | $40.2M | 14.00% |
| Wells Fargo Securities, LLC | $39.1M | 13.61% |
| Goldman Sachs & Co. LLC | $33.6M | 11.71% |
| Morgan Stanley & Co. LLC | $30.2M | 10.51% |
| Jefferies LLC | $26.3M | 9.16% |
| Stifel, Nicolaus & Company, Incorporated | $22.8M | 7.93% |
| RBC Capital Markets, LLC | $18.9M | 6.57% |
| Raymond James & Associates, Inc. | $14.6M | 5.07% |
| Piper Sandler & Co. | $14.2M | 4.94% |
JPMorgan California Tax Free Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JCBSX | Class R6 | 0.35% | — |
| JPICX | Class I | 0.45% | none |
| JCBAX | Class A | 0.55% | 3.75% |
| JCBCX | Class C | 1.05% | none |
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.