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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

$22.47

Expense Ratio

0.28%

AuM

$4,203.85M

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

-1.5-1.0-0.50.00.51.0%
1m returns
-1.71%
1m flows
$62M
* Net total returns
All data as of 1 September 2026

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PZA's characteristics

Manager

Manager statistics

604 funds, $1,193.69Bn 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
59.95%
Other
40.05%

Sectors

Municipal
59.95%
Other
40.05%

Top 5 holdings

Other
40.05%
California Health Facilities Financing Authority, 4% 1nov2044, USD
0.13%
California, 5% 1sep2043, USD
0.13%
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.12%
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
0.12%
Total holdings
3,400
Total weight of top 5
40.55%

ETF Education Center

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