Fund Description
The Invesco California AMT-Free Municipal Bond ETF (Fund) is based on the ICE BofAML California Long-Term Core Plus Municipal Securities Index (Index). The Fund generally will invest at least 80% of its total assets in municipal securities that comprise the Index and that also are exempt from the federal alternative minimum tax. The Index is composed of US dollar-denominated, investment grade, tax-exempt debt publicly issued by California or any US territory, or their political subdivisions, in the US domestic market with a term of at least 15 years remaining to final maturity. The Index is adjusted monthly and its constituents are capitalization-weighted based on their current amount outstanding. The Fund and the Index are rebalanced and reconstituted monthly.
Fund Profile
Fund Name Invesco California AMT-Free Municipal Bond ETF
Fund Exchange Ticker PWZ
Fund Sponsor Invesco
Fund ISIN US46138E2063
Net Expense Ratio 0.28 %
Fund Inception Date 11 October 2007
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Passive
Index Name ICE BofA Merrill Lynch California Long-Term Core Plus Municipal Securities Index
Index Provider ICE Indices
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 16 January 2019
Asset Under Management 313.47 Million (USD)
1 Month Total Return 0.74 %
Year To Date Return -0.19 %
1 Year Total Return 0.89 %
3 Year Annualized Total Return 2.14 %
NAV 25.8
Share Outstanding 12,150,000
Top 10 Holdings (15 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
San Diego Unified School District/CA BOND 0.0520342623
California Health Facilities Financing Authority BOND 0.0372376019
San Francisco City & County Airport CommSan Francisco Inter BOND 0.0265244856
City of Sacramento CA Transient Occupancy Tax Revenue BOND 0.0226512065
Los Angeles Department of Water BOND 0.0191714069
Los Angeles County Metropolitan Transportation Authority BOND 0.0191548938
Mountain View Shoreline Regional Park Community BOND 0.0190800009
Los Angeles County Facilities Inc BOND 0.0190066092
San Rafael City High School District/CA BOND 0.0174220162