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About Invesco National AMT-Free Municipal Bond ETFo
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Inception date
Oct 11, 2007
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
PZA offers a distinctive take on the municipal bond space, one that strongly favors longer-dated bonds and revenue bonds. The fund tracks an index of investment-grade, tax-exempt debt publicly issued by a US state. It invests primarily in long-term securities with at least 15 years to maturity and weights constituents by market value. PZA uses a sampling strategy, meaning the fund may not hold all the securities of the underlying index but will hold securities that collectively have the same investment profile. The fund and the index are rebalanced and reconstituted monthly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.41%
Cash0.59%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PZA last dividends amounted to 0.07 USD. The month before, the issuer paid 0.07 USD in dividends, which shows a 2.13% increase.
PZA assets under management is 2.81 B USD. It's fallen 0.72% over the last month.
PZA fund flows account for 135.49 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PZA pays dividends to its holders with the dividend yield of 3.48%. The last dividend (May 23, 2025) amounted to 0.07 USD. The dividends are paid monthly.
PZA shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Oct 11, 2007, and its management style is Passive.
PZA expense ratio is 0.28% meaning you'd have to pay 0.28% of your investment to help manage the fund.
PZA follows the ICE BofA National Long-Term Core Plus Municipal. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PZA invests in bonds.
PZA price has risen by 0.07% over the last month, and its yearly performance shows a −5.55% decrease. See more dynamics on PZA price chart.
NAV returns, another gauge of an ETF dynamics, showed a −3.87% decrease in three-month performance and has decreased by −1.91% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −3.87% decrease in three-month performance and has decreased by −1.91% in a year.
PZA trades at a premium (0.50%) meaning the ETF is trading at a higher price than the calculated NAV.