PWZInvesco California AMT-Free Municipal Bond ETF

Get income18y track recordRanked #191 of 1,706 in this goal

Tracks the ICE BofA California Long-Term Core Plus Municipal Securities Index.

By Invesco · Launched 2007

Annual Cost

0.28%

#1,282 of 6,040 · low cost

Fund Size

$1.2B

#1,076 of 6,040 · large

Return (1Y)

-0.3%

Track Record

18 years

#529 of 6,040 · established

Performance

Total-return NAV · USD

Growth of $10,000

$9,905-0.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

ICE BofA California Long-Term Core Plus Municipal Securities Index

Holdings

By weight

Concentration

Top 10 holdings = 5.7% of funddiversified

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

98.4%

Cash

1.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.3%Low

Year-on-year price swings

Max drawdown

-17.6%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

-0.26Below average

Sortino (3Y)

-0.36Moderate downside risk

Bond profile

Duration

4.6 years

Avg maturity

9.9 years

Credit ratings

AAA

5.8%

76.3%

14.2%

BBB

3.1%

0.6%

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