What is PWZ?

PWZ tracks an index of insured investment-grade, tax-exempt debt issued by California or any US territory with at least 15 years remaining to maturity.

PERFORMANCE [as of 03/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PWZ 1.99% 2.12% 2.42% -3.71% 1.96% 1.63% 2.61%
PWZ (NAV) 1.53% 1.54% 2.26% -3.91% 2.00% 1.59% 2.61%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PWZ Factset Analytics Insight

PWZ focuses on AMT-free bonds primarily within the California municipal debt market but includes small amounts in US territories such as Puerto Rico and Guam muni issues as they currently enjoy the same tax treatment as California munis. The index selects US-denominated investment-grade tax-exempt debt securities that have at least 15 years remaining term to maturity. The fund may carry more interest rate risk due to the skew towards long-dated bonds. The fund also tilts heavily toward the volatile revenue bond sector. These biases boost the fund’s yield, but also increase risk. The fund and the index are rebalanced and reconstituted monthly.

PWZ Summary Data

Invesco
10/11/07
0.28%
$562.68M
ICE BofAML California Long-Term Core Plus Municipal Securities Index
N/A
Open-Ended Fund

Peers

N/A
N/A

Fund Flows

$0.00B 5 Days
-$0.01B 30 Days
-$0.03B 90 Days

PWZ Portfolio Data

8.67
--
4.48%
N/A
--

PWZ Index Data

ICE BofAML California Long-Term Core Plus Municipal Securities Index
Market Value
AMT-Free
N/A

PWZ Portfolio Management

0.28%
0.16%
0.55%
-0.20%

PWZ Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

PWZ Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/21/23

This measurement shows how easy it is to trade a $1 million USD block of PWZ. PWZ is rated a N/A out of 5.

PWZ Tradability

84,627
$2.07M
72,050
$1.78M
0.14%
$0.03
-0.06%
0.68% / -0.61%
None
100.00%
50,000
1.44
0.04%
--
12
$24.53
N/A

PWZ Sector/Industry Breakdown

PWZ Segment
Benchmark
68.82% --
11.64% --
8.71% --
6.94% --
1.72% --
1.18% --
0.78% --
0.22% --

PWZ Top 10 Holdings

2.90%
2.44%
2.35%
2.31%
1.79%
1.59%
1.51%
1.28%
1.27%
1.25%
18.69%

PWZ Performance Statistics

--
--
--
--
--

PWZ Top 5 Countries

PWZ Segment
Benchmark
100.00% --

PWZ Top 5 Currencies

PWZ Segment
Benchmark
100.00% --

PWZ Avg Life Maturity Distribution

4.29%
1.74%
3.03%
10.99%
0.48%
0.25%
0.02%
17.77%
61.43%

PWZ OAS Breakdown

98.04%
1.92%
0.03%
--
--
--
--
--
--
--
--

PWZ Holdings Statistics

19.06 years
8.67
4.48%
8.78
--
--
0.19%