Fund Description
The Invesco National AMT-Free Municipal Bond ETF (Fund) is based on The ICE BofAML National 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 US. states and territories, 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 National AMT-Free Municipal Bond ETF
Fund Exchange Ticker PZA
Fund Sponsor Invesco
Fund ISIN US46138E5371
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 National 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 22 March 2019
Asset Under Management 1596.28 Million (USD)
1 Month Total Return 2.01 %
Year To Date Return 3.08 %
1 Year Total Return 5.46 %
3 Year Annualized Total Return 3.17 %
NAV 25.52
Share Outstanding 62,550,000
Top 10 Holdings (21 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
City of Chicago IL Wastewater Transmission Revenue BOND 0.0167328313
Hillsborough County Aviation Authority BOND 0.0151424389
City of Jasper AL BOND 0.0143004358
Port Authority of New York & New Jersey BOND 0.0131950428
San Francisco City & County Airport CommSan Francisco Inter BOND 0.0127387963
Hillsborough County Aviation Authority BOND 0.0126115498
Inland Valley Development Agency BOND 0.0121607723
Pennsylvania Turnpike Commission BOND 0.0108165698
County of King WA Sewer Revenue BOND 0.0105393599