ETF overview
The Invesco National AMT-Free Municipal Bond ETF (PZA) aims to track the investment results of The ICE BofAML National Long-Term Core Plus Municipal Securities Index. The ETF typically allocates a minimum of 80% of its total holdings to municipal bonds that are both constituents of this Index and exempt from the federal alternative minimum tax. The underlying Index is composed of U.S. dollar-denominated, high-quality, tax-exempt debt instruments publicly issued by U.S. states, territories, or their local government entities within the domestic market, provided they have a remaining maturity of at least 15 years. The Index components are adjusted monthly and weighted by their current outstanding market value. Instead of purchasing every security in the Index, the Fund employs a "sampling" methodology, investing in a representative selection of bonds to fulfill its investment objective. Both the Fund and its benchmark Index undergo monthly rebalancing and reconstitution.
Fund facts
- Expense ratio
- 0.28%
- Fund assets
- 4.06B USD (all share classes)
- Issuer
- Invesco
- Inception date
- Oct 11, 2007
- Number of holdings
- 7,359
Breakdown
Holdings (7,359)
| Name | Ticker | Weight |
|---|---|---|
| California Health Facilities Financing Authority 4.00% 11/01/2044 | 0.13% | |
| New York State Dormitory Authority 5.50% 07/01/2054 | 0.11% | |
| County of Jefferson AL Sewer Revenue 5.50% 10/01/2053 | 0.10% | |
| New York State Dormitory Authority 4.00% 02/15/2047 | 0.10% | |
| Salt River Project Agricultural Improvement & Power District 5.25% 01/01/2055 | 0.10% | |
| Public Building Authority of Sevier County TN/The 0.50% 06/01/2034 | 0.10% | |
| Charlotte-Mecklenburg Hospital Authority/The 0.90% 01/15/2042 | 0.10% | |
| Triborough Bridge & Tunnel Authority 5.00% 05/15/2051 | 0.10% | |
| Regents of the University of California Medical Center Pooled Revenue 5.00% 05/15/2047 | 0.10% | |
| California Health Facilities Financing Authority 4.00% 08/15/2048 | 0.09% | |
| and 7,346 more | ||
Similar ETFs
- Invesco California AMT-Free Municipal Bond ETFPWZ · Expense ratio 0.28%
- Invesco New York AMT-Free Municipal Bond ETFPZT · Expense ratio 0.28%
Historical returns do not guarantee future returns. This is not investment advice.
Invesco National AMT-Free Municipal Bond ETF (PZA)
- Expense ratio
- 0.28%
- Fund assets
- 4.06B USD (all share classes)
- Issuer
- Invesco
- Inception date
- Oct 11, 2007
- Number of holdings
- 7,359
| Name | Ticker | Weight |
|---|---|---|
| California Health Facilities Financing Authority 4.00% 11/01/2044 | 0.13% | |
| New York State Dormitory Authority 5.50% 07/01/2054 | 0.11% | |
| County of Jefferson AL Sewer Revenue 5.50% 10/01/2053 | 0.10% | |
| New York State Dormitory Authority 4.00% 02/15/2047 | 0.10% | |
| Salt River Project Agricultural Improvement & Power District 5.25% 01/01/2055 | 0.10% | |
| Public Building Authority of Sevier County TN/The 0.50% 06/01/2034 | 0.10% | |
| Charlotte-Mecklenburg Hospital Authority/The 0.90% 01/15/2042 | 0.10% | |
| Triborough Bridge & Tunnel Authority 5.00% 05/15/2051 | 0.10% | |
| Regents of the University of California Medical Center Pooled Revenue 5.00% 05/15/2047 | 0.10% | |
| California Health Facilities Financing Authority 4.00% 08/15/2048 | 0.09% | |
| and 7,346 more | ||
The Invesco National AMT-Free Municipal Bond ETF (PZA) aims to track the investment results of The ICE BofAML National Long-Term Core Plus Municipal Securities Index. The ETF typically allocates a minimum of 80% of its total holdings to municipal bonds that are both constituents of this Index and exempt from the federal alternative minimum tax. The underlying Index is composed of U.S. dollar-denominated, high-quality, tax-exempt debt instruments publicly issued by U.S. states, territories, or their local government entities within the domestic market, provided they have a remaining maturity of at least 15 years. The Index components are adjusted monthly and weighted by their current outstanding market value. Instead of purchasing every security in the Index, the Fund employs a "sampling" methodology, investing in a representative selection of bonds to fulfill its investment objective. Both the Fund and its benchmark Index undergo monthly rebalancing and reconstitution.
- Invesco California AMT-Free Municipal Bond ETFPWZ · Expense ratio 0.28%
- Invesco New York AMT-Free Municipal Bond ETFPZT · Expense ratio 0.28%
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