---
ticker: "JCAL"
name: "JPMorgan California Tax Free Bond ETF"
url: "https://etf.net/etf/JCAL"
grade: "D"
score: 35
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "57 of 63"
methodology: "https://etf.net/methodology"
---

# JCAL: JPMorgan California Tax Free Bond ETF

Grade **D**, Score 35 of 100. Rank 57 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 17 | 52 of 63 |
| Mission | Not scored | — |
| Risk | 38 | 57 of 63 |
| Tradability | 50 | 32 of 63 |
| Holdings | 50 | 42 of 63 |
| Durability | 74 | 14 of 63 |

## Top holdings

The fund holds 315 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Jpmi Tax Free Mmktf Im | 7.53% |
| 2 | — | Bay Area Toll Var 04/59 | 1.90% |
| 3 | — | Bay Area Toll Var 04/59 | 1.64% |
| 4 | — | California Cmnty 5% 07/35 | 0.97% |
| 5 | — | California Var 02/55 | 0.97% |
| 6 | — | Marina Jt Pwrs 3.4% 03/36 | 0.96% |
| 7 | — | California St Var 05/52 | 0.95% |
| 8 | — | California St Var 05/33 | 0.95% |
| 9 | — | Delta Diablo 5% 10/51 | 0.94% |
| 10 | — | Santa Clara Cnty 4% 08/38 | 0.91% |
| 11 | — | California 5.25% 11/49 | 0.87% |
| 12 | — | California 5% 11/29 | 0.87% |
| 13 | — | North Orange 4% 08/44 | 0.83% |
| 14 | — | California 5% 08/34 | 0.83% |
| 15 | — | California St 5% 08/41 | 0.79% |
| 16 | — | California Cmnty 5% 06/36 | 0.73% |
| 17 | — | Sacramento Var 08/49 | 0.70% |
| 18 | — | Alvord Calif Zero 08/36 | 0.70% |
| 19 | — | Desert Calif 4% 08/51 | 0.64% |
| 20 | — | Buckeye Ohio Tob 5% 06/55 | 0.63% |
| 21 | — | California 5% 11/44 | 0.62% |
| 22 | — | Pittsburg Calif 5% 08/37 | 0.61% |
| 23 | — | Grossmont Calif 5% 07/40 | 0.60% |
| 24 | — | California Mun Var 06/56 | 0.58% |
| 25 | — | University Calif 5% 05/43 | 0.57% |
| 26 | — | San Diego 5.25% 07/45 | 0.57% |
| 27 | — | Southern Calif 5% 07/42 | 0.57% |
| 28 | — | Long Beach Calif 5% 11/35 | 0.56% |
| 29 | — | California Mun Var 01/56 | 0.56% |
| 30 | — | California 3.25% 08/29 | 0.56% |

Source: etf.net, https://etf.net/etf/JCAL. Please cite the page URL.