Symbols

PZA

Invesco National AMT-Free Municipal Bond ETF·ARCA

--(--)

Key Stats

Assets Under Management

3.63BUSD

Fund Flows (1Y)

578.99MUSD

Dividend Yield

3.56%

Discount/Premium to NAV

-0.04%

Shares Outstanding

155.50M

Expense Ratio

0.28%

About Invesco National 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=ETF-PZA

Inception Date

Oct 11, 2007

Structure

Open-Ended Fund

Index Tracked

ICE BofAML National 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.

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.