Fund Description
The Invesco New York AMT-Free Municipal Bond ETF (Fund) is based on The ICE BofAML New York 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 New York 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 New York AMT-Free Municipal Bond ETF
Fund Exchange Ticker PZT
Fund Sponsor Invesco
Fund ISIN US46138E5298
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 New York 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 19 July 2019
Asset Under Management 74.19 Million (USD)
1 Month Total Return 0.92 %
Year To Date Return 6.85 %
1 Year Total Return 7.43 %
3 Year Annualized Total Return 2.55 %
NAV 25.15
Share Outstanding 2,950,000
Top 10 Holdings (18 July 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
New York City Industrial Development Agency BOND 0.0359084105
Utility Debt Securitization Authority BOND 0.0351313395
New York State Dormitory Authority BOND 0.0330459841
State of New York Personal Income Tax Revenue BOND 0.0327535078
Brooklyn Arena Local Development Corp BOND 0.0327437421
New York City Transitional Finance Authority Future Tax Secu BOND 0.0319683884
New York Convention Center Development Corp BOND 0.0315930967
City of New York NY BOND 0.0313398624
New York Liberty Development Corp BOND 0.0306366346