PWZInvesco California AMT-Free Municipal Bond ETF

Get income18y track recordRanked #177 of 1,622 in this goal

Seeks to track the investment results of the ICE BofA California Long-Term Core Plus Municipal Securities Index.

By Invesco · Launched 2007

Annual Cost

0.28%

#1,340 of 5,562 · low cost

Fund Size

$1.1B

#1,045 of 5,562 · large

Dividend YieldGoal

3.59%

Track Record

18 years

#531 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,625+6.3%

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

Classification

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

What it actually holds

By weight

Concentration

Top 10 holdings = 5.7% of fund✓ well diversified

California (State of) Educational Facilities Authority

0.7%

California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)

0.7%

Regents of the University of California Medical Center

0.6%

California (State of) Educational Facilities Authority (Stanford University)

0.6%

California (State of) Health Facilities Financing Authority (Kaiser Permanente)

0.6%

Los Angeles Unified School District

0.6%

Regents of the University of California Medical Center

0.5%

California (State of)

0.5%

California (State of) Public Works Board (May Lee State Office Complex)

0.5%

California (State of)

0.5%

Asset allocation

Bonds

100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.3%Low

Year-on-year price swings

Max drawdown

-17.7%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

-0.02Below average

Sortino (3Y)

-0.03Moderate downside risk

Bond profile

Duration

4.6 years

Avg maturity

10.1 years

Credit ratings

AAA

5.5%

76.4%

14.8%

BBB

3.0%

0.1%

Other

0.2%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to track the investment results of the ICE BofA California Long-Term Core Plus Municipal Securities Index.
Strategy: Invests primarily in components of the Underlying Index, which includes U.S. dollar-denominated, tax-exempt municipal debt issued by California. The Fund uses a sampling methodology to achieve its investment objective and is non-diversified, concentrating as per the Index's guidelines.
Inception date: October 11, 2007
Fund family: Invesco