PZAInvesco National AMT-Free Municipal Bond ETF

Get income18y track recordRanked #95 of 1,622 in this goal

Tracks the investment results of the ICE BofA National Long-Term Core Plus Municipal Securities Index.

By Invesco · Launched 2007

Annual Cost

0.28%

#1,340 of 5,562 · low cost

Fund Size

$4.1B

#479 of 5,562 · large

Dividend YieldGoal

3.65%

Track Record

18 years

#531 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,595+6.0%

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 National Long-Term Core Plus Municipal Securities Index

What it actually holds

By weight

Concentration

Top 10 holdings = 1.6% of fund✓ well diversified

Massachusetts (Commonwealth of)

0.3%

California (State of)

0.2%

San Diego (County of), CA Regional Transportation Commission

0.2%

California (State of)

0.1%

University of California

0.1%

New York (City of), NY Municipal Water Finance Authority

0.1%

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

0.1%

California (State of)

0.1%

New York (State of) Dormitory Authority

0.1%

New York (State of) Dormitory Authority

0.1%

Asset allocation

Bonds

100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.1%Low

Year-on-year price swings

Max drawdown

-21.7%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

-0.04Below average

Sortino (3Y)

-0.05Moderate downside risk

Bond profile

Duration

4.6 years

Avg maturity

10.0 years

Credit ratings

AAA

17.2%

54.7%

23.6%

BBB

4.5%

0.0%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Tracks the investment results of the ICE BofA National Long-Term Core Plus Municipal Securities Index.
Strategy: Invests primarily in U.S. dollar-denominated, tax-exempt municipal debt with a term of at least 15 years. Utilizes a sampling methodology to achieve investment results that correspond to the Underlying Index, which includes investment-grade securities.
Inception date: October 11, 2007
Fund family: Invesco