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 13 September 2019
Asset Under Management 1994.94 Million (USD)
1 Month Total Return -1.61 %
Year To Date Return 7.38 %
1 Year Total Return 8.76 %
3 Year Annualized Total Return 3.29 %
NAV 26.3707
Share Outstanding 75,650,000
Top 10 Holdings (13 September 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
State of California BOND 0.0168644711
Alaska Housing Finance Corp BOND 0.0149688720
City of Chicago IL Wastewater Transmission Revenue BOND 0.0131731417
Arapahoe County School District No 6 Littleton BOND 0.0129555167
City of Houston TX Combined Utility System Revenue BOND 0.0127221418
Hillsborough County Aviation Authority BOND 0.0124043936
City of Jasper AL BOND 0.0113156836
Port Authority of New York & New Jersey BOND 0.0107353585
San Francisco City & County Airport CommSan Francisco Inter BOND 0.0103507873