Invesco California AMT-Free Municipal Bond ETF

PWZ

Market cap $1.16B

For California residents stuck in the top federal and state brackets, the Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) is one of the few off-the-shelf tools that pays monthly income exempt from federal tax, California state tax, and the Alternative Minimum Tax.

This week J.P. Morgan Asset Management launched two actively managed municipal bond ETFs focused on California and New York debt, offering investors a way to earn tax-free income inside a more flexible and transparent fund structure.

The Invesco California AMT-Free Municipal Bond ETF (NYSEARCA:PWZ) is the income vehicle California residents reach for when they want federally tax-exempt monthly checks that also dodge the Alternative Minimum Tax.