PZAInvesco National AMT-Free Municipal Bond ETF
Tracks the ICE BofA National Long-Term Core Plus Municipal Securities Index.
By Invesco · Launched 2007
Annual Cost
0.28%
#1,253 of 5,853 · low cost
Fund Size
$4.3B
#482 of 5,853 · large
Dividend YieldGoal
3.64%
Track Record
18 years
#522 of 5,853 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,582+5.8%
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 National Long-Term Core Plus Municipal Securities Index
What it actually holds
By weightConcentration
Top 10 holdings = 1.2% of fund✓ well diversified
New York (State of) Dormitory Authority
0.1%
California (State of) Health Facilities Financing Authority (Kaiser Permanente)
0.1%
Texas Water Development Board
0.1%
University of California
0.1%
Dallas (City of), TX Independent School District
0.1%
New York (State of) Dormitory Authority
0.1%
Salt River Project Agricultural Improvement & Power District
0.1%
California (State of)
0.1%
Metropolitan Transportation Authority (Green Bonds)
0.1%
Monroe County Industrial Development Corp. (University of Rochester)
0.1%
Asset allocation
Bonds
97.2%
Cash
2.8%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.2%Low
Year-on-year price swings
Max drawdown
-21.7%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
-0.22Below average
Sortino (3Y)
-0.28Moderate downside risk
Bond profile
Duration
4.6 years
Avg maturity
10.1 years
Credit ratings
AAA
17.3%
AA
54.5%
A
23.7%
BBB
4.5%
BB
0.0%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Tracks the ICE BofA National Long-Term Core Plus Municipal Securities Index.
- Strategy
- Invests primarily in U.S. dollar-denominated, tax-exempt municipal debt publicly issued by U.S. states and territories, seeking to track the ICE BofA National Long-Term Core Plus Municipal Securities Index. Utilizes a sampling methodology to achieve investment results while maintaining investment grade quality.
- Inception date
- October 11, 2007
- Fund family
- Invesco
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Data updated on 2026-08-02