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PZA - ETF Fact Sheet

Invesco National AMT-Free Municipal Bond ETF - USD

Fund Identification

Ticker

PZA

ISIN

US46138E5371

Main Metrics

Price

$23.28

Expense Ratio

0.28%

AuM

$4,292.69M

Tracking Difference

%

Ratings

Trackinsight rating

N/A

Official Investment Strategy

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.

PZA's historical prices, performance, and flows

-0.20.00.20.40.60.81.0%
1m returns
-0.18%
1m flows
$98M
* Net total returns
All data as of 17 July 2026

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PZA's characteristics

Manager

Manager statistics

651 funds, $1,150.52Bn in AUM

Benchmark

ICE BofAML National Long-Term Core Plus Municipal Securities Index - USD

Replication method

Direct (Physical)

Asset class

Fixed Income

Dividend policy

Distributing
PZA's exposure

Countries

USA
35.20%
Other
64.80%

Sectors

Municipal
35.20%
Other
64.80%

Top 5 holdings

Other
64.80%
New York Municipal Water Finance Authority, 4% 15jun2050, USD
0.14%
California Health Facilities Financing Authority, 4% 1nov2044, USD
0.14%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.11%
New York Municipal Water Finance Authority, 5% 15jun2047, USD
0.11%
Total holdings
1,971
Total weight of top 5
65.31%
1.0%