JPMorgan California Tax Free Bond ETF (JCAL)

JPMorgan California Tax Free Bond ETF is an actively managed fund from J.P. Morgan Asset Management that invests primarily in municipal bonds issued in California, whose interest is generally exempt from federal income tax and California state personal income tax.

The portfolio can include general obligation bonds of the state and its local governments as well as revenue bonds tied to public projects such as utilities, transportation, education and health care. The managers select bonds based on credit research and interest-rate views, aiming to provide tax-advantaged income for California residents.