PZA
·NYSE
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Key Stats
Assets Under Management
3.29BUSD
Fund Flows (1Y)
236.98MUSD
Dividend Yield
3.82%
Discount/Premium to NAV
-0.21%
Shares Outstanding
141.25M
Expense Ratio
0.28%
About Invesco National AMT-Free Municipal Bond ETF
Issuer
Invesco Capital Management LLC
Brand
Invesco
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.
Classification
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Investment Grade
Niche
Broad Maturities
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Value
Selection Criteria
AMT-free
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.60% | +0.61% | -1.73% | -1.40% | -0.51% | -14.28% |
NAV Total Return | -0.46% | +1.82% | +1.16% | -0.49% | +9.16% | -0.57% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
CASH & EQUIVALENTS
1.05%
Commonwealth of Massachusetts
0.18%
San Diego County Regional Transportation Commission
0.16%
State of California
0.16%
State of California-1
0.15%
California Educational Facilities Authority
0.14%
State of California-2
0.14%
New York State Dormitory Authority
0.14%
New York State Dormitory Authority-1
0.14%
New York City Municipal Water Finance Authority
0.13%
Top 10 Weight 2.39%
5000 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-11-24 | 2025-11-24 | 2025-11-28 | 0.071 |
| 2025-10-20 | 2025-10-20 | 2025-10-24 | 0.070 |
| 2025-09-22 | 2025-09-22 | 2025-09-26 | 0.068 |
| 2025-08-18 | 2025-08-18 | 2025-08-22 | 0.069 |
| 2025-07-21 | 2025-07-21 | 2025-07-25 | 0.069 |
| 2025-06-23 | 2025-06-23 | 2025-06-27 | 0.067 |
| 2025-05-19 | 2025-05-19 | 2025-05-23 | 0.068 |
Show more
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
