PZTInvesco New York AMT-Free Municipal Bond ETF

Get income18y track recordRanked #500 of 1,622 in this goal

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

By Invesco · Launched 2007

Annual Cost

0.28%

#1,340 of 5,562 · low cost

Fund Size

$135M

#2,661 of 5,562 · mid-size

Dividend YieldGoal

3.60%

Track Record

18 years

#531 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,640+6.4%

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 New York Long-Term Core Plus Municipal Securities Index

What it actually holds

By weight

Concentration

Top 10 holdings = 12.9% of fund✓ well diversified

Battery Park (City of), NY Authority (Green Bonds)

1.5%

Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)

1.5%

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

1.4%

New York (State of) Dormitory Authority (Memorial Sloan Kettering Cancer)

1.4%

New York State Urban Development Corp. (Bidding Group 3)

1.4%

New York (State of) Power Authority (Green Transmission) (Green Bonds)

1.3%

New York (State of) Dormitory Authority (State University of New York Dormitory Facilities)

1.2%

New York (City of), NY Transitional Finance Authority

1.1%

New York (State of) Thruway Authority

1.1%

New York Convention Center Development Corp. (Hotel Unit Fee Secured)

1.1%

Asset allocation

Bonds

100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.7%Low

Year-on-year price swings

Max drawdown

-19.3%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

-0.01Below average

Sortino (3Y)

-0.02Moderate downside risk

Bond profile

Duration

4.5 years

Avg maturity

9.8 years

Credit ratings

AAA

11.7%

62.1%

19.4%

BBB

6.7%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to track the investment results of the ICE BofA New York Long-Term Core Plus Municipal Securities Index.
Strategy: Invests primarily in U.S. dollar-denominated, tax-exempt municipal debt issued by New York or U.S. territories, maintaining at least 80% in the Underlying Index components. Uses a sampling methodology to achieve investment objectives, concentrating in industries as reflected in the Index.
Inception date: October 11, 2007
Fund family: Invesco