JPMorgan New York Tax Free Bond ETF

JPMorgan New York Tax Free Bond ETF is an actively managed municipal bond exchange-traded fund focused on New York issuers. The fund primarily holds investment-grade municipal securities issued by New York State, its cities, agencies, and local authorities, with the objective of generating monthly income that is generally exempt from U.S. federal, New York State, and New York City personal income taxes. Its portfolio is predominantly composed of New York municipal bonds, complemented by a small allocation to cash and cash equivalents for liquidity management. The ETF targets the intermediate segment of the municipal yield curve, providing exposure to medium-term interest rate risk while emphasizing credit quality typical of investment-grade issuers. Managed by J.P. Morgan Asset Management, it serves investors who prioritize tax-efficient income and seek dedicated New York municipal bond exposure within a diversified fixed income allocation, including use in taxable accounts where state and local tax treatment is an important consideration.