Symbols

PZT

Invesco New York AMT-Free Municipal Bond ETF·NYSE

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Key Stats

Assets Under Management

132.47MUSD

Fund Flows (1Y)

-2.16MUSD

Dividend Yield

3.46%

Discount/Premium to NAV

-0.45%

Shares Outstanding

5.90M

Expense Ratio

0.28%

About Invesco New York AMT-Free Municipal Bond ETF

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

https://www.invesco.com/us/financial-products/etfs/product-detail?productId=pzt

Inception Date

Oct 11, 2007

Structure

Open-Ended Fund

Index Tracked

ICE BofAML New York Long-Term Core Plus Municipal Securities Index

Management Style

Passive

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.

PZT aims to deliver higher yield by holding longer-dated securities. The fund targets exclusively long-maturity (15+ years) municipal bonds, but do note that long-dated issues ratchet up the interest rate risk. Nevertheless, investors who are willing to bear this risk can typically benefit from a bump in yield. PZT also expands its geographical reach outside of New York, as it also hold bonds in any US territory like Puerto Rico and Guam. The underlying index is weighted by market value, and is rebalanced and reconstituted monthly.