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. Creations / redemptions suffer due to the spotty underlying market liquidity. Tracking has been unreliable at times, which can make its true holding costs unpredictable.

PZA Charts And Performance

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PERFORMANCE [as of 01/21/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PZA 0.25% 3.47% 0.13% 4.14% 4.91% 4.08% 5.87%
PZA (NAV) 0.20% 3.05% 0.09% 4.12% 4.89% 4.19% 5.82%
ICE BofAML National Long-Term Core Plus Municipal Securities Index 0.29% 3.39% 0.17% 5.16% 5.54% 4.59% 6.32%
Barclays Municipal Bond -- -- -- -- -- -- --
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
0.35%
$2.24B
$9.56M
0.04%

PZA Portfolio Data

6.48
--
3.23%
01/18/21
499

PZA Index Data

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

PZA Portfolio Management

0.35%
-0.58%
0.08%
-1.12%

PZA Tax Exposures

20.00% / 39.60%
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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 01/22/21
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

353,440
$9.56M
288,866
$7.84M
0.04%
$0.01
-0.01%
0.92% / -12.83%
None
100.00%
50,000
5.78
0.04%
--
25
$27.09
N/A

PZA Top 10 Holdings[View All]

0.00%

PZA Performance Statistics

0.98
1.27
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PZA Holdings Statistics

8.22 years
6.48
3.23%
6.48
Low
499
1.06%

PZA Avg Life Maturity Distribution

4.84%
4.88%
3.35%
12.74%
29.62%
33.22%
0.35%
2.06%
8.95%

PZA OAS Breakdown

47.39%
47.74%
4.24%
0.56%
0.07%
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