PWZInvesco California AMT-Free Municipal Bond ETF
Tracks the ICE BofA California Long-Term Core Plus Municipal Securities Index.
By Invesco · Launched 2007
Annual Cost
0.28%
#1,252 of 5,861 · low cost
Fund Size
$1.2B
#1,047 of 5,861 · large
Dividend YieldGoal
3.59%
Track Record
18 years
#521 of 5,861 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,659+6.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
ICE BofA California Long-Term Core Plus Municipal Securities Index
What it actually holds
By weightConcentration
Top 10 holdings = 5.7% of fund✓ well diversified
California (State of) Health Facilities Financing Authority (Kaiser Permanente)
0.8%
California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)
0.7%
Regents of the University of California Medical Center
0.7%
California (State of) Educational Facilities Authority
0.6%
California (State of) Educational Facilities Authority (Stanford University)
0.6%
Regents of the University of California Medical Center
0.5%
Los Angeles Unified School District
0.5%
California (State of) Public Works Board (May Lee State Office Complex)
0.5%
San Diego Community College District
0.4%
California (State of) Educational Facilities Authority (Stanford University)
0.4%
Asset allocation
Bonds
99.9%
Cash
0.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.3%Low
Year-on-year price swings
Max drawdown
-17.6%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
-0.19Below average
Sortino (3Y)
-0.26Moderate downside risk
Bond profile
Duration
4.6 years
Avg maturity
10.2 years
Credit ratings
AAA
5.8%
AA
76.6%
A
13.9%
BBB
3.6%
BB
0.1%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Tracks the ICE BofA California Long-Term Core Plus Municipal Securities Index.
- Strategy
- Invests at least 80% of total assets in U.S. dollar-denominated, tax-exempt municipal debt publicly issued by California, using a sampling methodology to replicate the ICE BofA California Long-Term Core Plus Municipal Securities Index. The Fund is non-diversified and may concentrate investments in specific industries as reflected in the Underlying Index.
- Inception date
- October 11, 2007
- Fund family
- Invesco
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Data updated on 2026-08-04