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 9 August 2022
Asset Under Management 2070.90 Million (USD)
1 Month Total Return 1.26 %
Year To Date Return -10.39 %
1 Year Total Return -10.13 %
3 Year Annualized Total Return -1.22 %
NAV 24.1223
Share Outstanding 85,850,000
Top 10 Holdings (8 August 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
Cash/Receivables/Payables CASH 0.0115441489
Los Angeles County Metropolitan Transportation Authority Sal BOND 0.0106671514
Colorado Health Facilities Authority BOND 0.0094907545
San Diego Unified School District/CA BOND 0.0069000848
Los Angeles County Public Works Financing Authority BOND 0.0058403248
Colorado Health Facilities Authority BOND 0.0058315939
Commonwealth of Massachusetts BOND 0.0057749485
Ohio Water Development Authority Water Pollution Control Loa BOND 0.0054332605