PZA

Invesco National AMT-Free Municipal Bond ETF
*Unless otherwise stated, data provided by FactSet.

PZA Fund Description

PZA tracks an index of investment grade, tax-exempt debt publicly issued by a US state with at least 15 years remaining to maturity.

PZA Factset Analytics Insight

PZA offers a distinctive take on the municipal bond space, one that strongly favors longer-dated bonds and revenue bonds. It enjoys high yields for the segment, with marketlike credit risk, though is tilted toward long-dated paper. In sum, PZA is a higher risk and higher reward play on the muni market, which helps put it on our Opportunities List. It trades well in small quantities, though creations / redemptions suffer due to the spotty underlying market liquidity. It charges a few more basis points than its competitors, but its tracking has been unreliable at times, which can make its true holding costs unpredictable.

PZA Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Compare
Reset
Select ETFs to compare their performance:
PERFORMANCE [as of 11/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PZA -0.22% -0.81% 8.22% 10.17% 5.10% 4.26% 5.10%
PZA (NAV) -0.24% -0.88% 7.86% 9.99% 4.91% 4.26% 5.08%
ICE BofAML National Long-Term Core Plus Municipal Securities Index -0.33% -1.23% 10.56% 13.41% 6.43% 5.39% 5.08%
Barclays Municipal Bond -0.06% -0.73% 6.78% 8.81% 4.46% 3.58% 4.35%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PZA Summary Data

Invesco
10/11/07
Open-Ended Fund
0.28%
$2.06B
$5.47M
0.05%

PZA Portfolio Data

6.81
--
3.81%
09/23/19
423

PZA Index Data

ICE BofAML National Long-Term Core Plus Municipal Securities Index
Market Value
AMT-Free
Barclays Municipal Bond

PZA Portfolio Management

0.28%
-1.90%
0.90%
-4.49%

PZA Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

PZA Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

PZA Factset Analytics Block Liquidity

As of 11/20/19
5
4
3
2
1

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

PZA Tradability

206,805
$5.47M
208,454
$5.49M
0.05%
$0.01
0.06%
0.29% / -0.37%
None
100.00%
50,000
4.17
0.04%
--
92
$26.29
N/A

PZA Sector/Industry Breakdown


PZA
Segment Benchmark
81.16%
--
17.51%
--
1.33%
--

PZA Top 10 Holdings[View All]

1.61%
1.43%
1.36%
1.25%
1.23%
1.22%
1.18%
1.17%
1.08%
1.02%
12.55%

PZA Top 5 Countries


PZA
Segment Benchmark
100.00%
--

PZA Top 5 Currencies


PZA
Segment Benchmark
100.00%
--

PZA Performance Statistics

0.88
1.66
--
--
--

PZA Holdings Statistics

7.05 years
6.81
3.81%
6.84
Low
423
0.70%

PZA Avg Life Maturity Distribution

8.15%
2.28%
3.66%
10.76%
22.14%
41.76%
1.94%
--
9.30%

PZA OAS Breakdown

87.13%
12.01%
0.33%
--
0.53%
--
--
--
--
--
--