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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Select ETFs to compare their performance:
PERFORMANCE [as of 08/04/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PZA 1.86% 5.87% 3.66% 5.07% 4.79% 4.60% 4.92%
ticker (NAV) 1.92% 6.02% 3.87% 5.31% 4.80% 4.68% 4.94%
ICE BofAML National Long-Term Core Plus Municipal Securities Index 2.09% 6.44% 4.23% 5.84% 5.31% 5.00% 4.94%
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
0.28%
$2.54B
$19.18M
0.05%

PZA Portfolio Data

6.51
--
3.30%
N/A
483

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%
-0.42%
0.08%
-0.68%

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 08/05/20
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

721,792
$19.18M
332,667
$8.80M
0.05%
$0.01
0.04%
0.92% / -12.83%
None
100.00%
50,000
6.65
0.04%
--
288
$27.02
N/A

PZA Sector/Industry Breakdown


PZA
Segment Benchmark
81.17%
--
17.78%
--
1.05%
--

PZA Top 10 Holdings[View All]

2.27%
1.68%
1.54%
1.46%
1.46%
1.25%
1.25%
1.17%
1.03%
1.01%
14.12%

PZA Top 5 Countries


PZA
Segment Benchmark
100.00%
--

PZA Top 5 Currencies


PZA
Segment Benchmark
100.00%
--

PZA Performance Statistics

0.98
1.26
--
--
--

PZA Holdings Statistics

8.34 years
6.51
3.30%
6.51
Medium
483
1.16%

PZA Avg Life Maturity Distribution

10.37%
2.77%
3.60%
9.36%
21.45%
36.71%
4.54%
1.43%
9.78%

PZA OAS Breakdown

42.69%
49.76%
5.46%
1.63%
0.43%
0.04%
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--
--
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