PZT

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

PZT Fund Description

PZT tracks an index of investment-grade tax-exempt debt issued by New York or Puerto Rico with at least 15 years remaining to maturity.

PZT Factset Analytics Insight

PZT delivers higher yield by holding longer dated securities. It also expands its geographical reach outside of New York. The fund targets exclusively long-maturity (15+ years) bonds issued not only in New York, but also in Puerto Rico and Guam. The long-dated bonds ratchet up the interest rate risk. Those willing to bear the risks benefit from a substantial bump in yield. PZT charges a reasonable 28 bp expense ratio that is overshadowed by inconsistent index tracking. Additionally, thin trading volume and poor underlying liquidity—while understandable in context—contribute to its low Tradability score.

PZT Charts And Performance

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Total Return Chart (%)
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PERFORMANCE [as of 10/21/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PZT 0.27% 1.47% 8.95% 11.57% 3.75% 4.07% 4.66%
PZT (NAV) -0.24% 1.13% 7.89% 10.56% 3.75% 3.87% 4.61%
ICE BofAML New York Long-Term Core Plus Municipal Securities Index 0.09% 1.33% 8.19% 11.01% 3.86% 4.27% 4.61%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PZT Summary Data

Invesco
10/11/07
Open-Ended Fund
0.28%
$81.11M
$250.79K
0.32%

PZT Portfolio Data

6.66
--
3.90%
09/23/19
53

PZT Index Data

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

PZT Portfolio Management

0.28%
-0.15%
0.16%
-0.44%

PZT Tax Exposures

20.00% / 39.60%
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Ordinary income
No

PZT 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 -

PZT Factset Analytics Block Liquidity

As of 10/22/19
5
4
3
2
1

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

PZT Tradability

9,824
$250.79K
8,197
$208.90K
0.32%
$0.08
0.06%
0.47% / -0.85%
None
100.00%
50,000
0.16
0.04%
--
0
$25.27
N/A

PZT Sector/Industry Breakdown


PZT
Segment Benchmark
92.76%
--
7.24%
--

PZT Top 10 Holdings[View All]

5.46%
3.03%
3.02%
3.02%
2.98%
2.80%
2.77%
2.76%
2.75%
2.72%
31.31%

PZT Top 5 Countries


PZT
Segment Benchmark
100.00%
--

PZT Top 5 Currencies


PZT
Segment Benchmark
100.00%
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PZT Performance Statistics

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PZT Holdings Statistics

7.26 years
6.66
3.90%
6.69
High
53
0.64%

PZT Avg Life Maturity Distribution

11.52%
3.25%
6.76%
3.97%
25.99%
30.34%
--
2.99%
15.18%

PZT OAS Breakdown

92.72%
7.28%
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