What are the top holdings of PWZ?

Invesco California AMT-Free Municipal Bond ETF holds 1295 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does PWZ have?

PWZ holds 1295 positions as reported by the fund's most recent disclosure.

What sectors does PWZ invest in?

Invesco California AMT-Free Municipal Bond ETF (PWZ) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is PWZ most exposed to?

PWZ's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is PWZ a US-only fund?

The country allocation card on this page shows PWZ's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does PWZ invest in?

The Fund seeks to track the investment results of the ICE BofAML California Long-Term Core Plus Municipal Securities Index. The Fund generally will invest at least 80% of its total assets in municipal securities that comprise the Underlying Index and that also are exempt from the federal alternative minimum tax ("AMT").

PWZ

Invesco California AMT-Free Municipal Bond ETF

AMEX·Asset Management · Financial Services

$23.05$0.06+0.26%

After hours·$23.05+0.00%

Market closed·Oct 27 4:00 PM EDT

Portfolio as of May 31, 2026, from the fund's SEC Form N-PORT filing. Funds disclose holdings quarterly, with a ~60-day publication delay. The fund filed 1,158 positions; the 1,000 largest by weight are shown. Sector breakdowns aren't part of this filing, so none is shown.

Top Holdings

1000

holdings

13062RG36
State of California
0.75%
13032UMN5
California (State of) Health Facilities Financing Authority (Kaiser Permanente)
0.74%
13032UB23
California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)
0.67%
913366KS8
Regents of the University of California Medical Center
0.63%
130179YE8
California (State of) Educational Facilities Authority
0.58%
130179SD7
California (State of) Educational Facilities Authority (Stanford University)
0.54%
913366KT6
Regents of the University of California Medical Center
0.53%
544647BX7
Los Angeles Unified School District
0.50%
345105JH4
Foothill-Eastern Transportation Corridor Agency
0.45%
797272TE1
San Diego Community College District
0.43%
Other
990 more holdings
91.58%

Top 10 holdings

5.82%

Top 25 holdings

11.14%

Concentration index

0.0017

Effective holdings

598

Chart tools

Open Top Holdings in Chart Builder to fine-tune colors, labels, and timeframe, then download a high-res PNG.

All Holdings (1000)

#	TickerHolding	Name	Weight	Shares	Market Value
1	13062RG3613062RG36State of California	State of California	0.75%	8.50M	$8.50M
2	13032UMN513032UMN5California (State of) Health Facilities Financing Authority (Kaiser Permanente)	California (State of) Health Facilities Financing Authority (Kaiser Permanente)	0.74%	8.93M	$8.37M
3	13032UB2313032UB23California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)	California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)	0.67%	7.92M	$7.56M
4	913366KS8913366KS8Regents of the University of California Medical Center	Regents of the University of California Medical Center	0.63%	6.74M	$7.10M
5	130179YE8130179YE8California (State of) Educational Facilities Authority	California (State of) Educational Facilities Authority	0.58%	6.25M	$6.59M
6	130179SD7130179SD7California (State of) Educational Facilities Authority (Stanford University)	California (State of) Educational Facilities Authority (Stanford University)	0.54%	5.37M	$6.10M
7	913366KT6913366KT6Regents of the University of California Medical Center	Regents of the University of California Medical Center	0.53%	6.42M	$5.96M
8	544647BX7544647BX7Los Angeles Unified School District	Los Angeles Unified School District	0.50%	5.58M	$5.60M
9	345105JH4345105JH4Foothill-Eastern Transportation Corridor Agency	Foothill-Eastern Transportation Corridor Agency	0.45%	5.20M	$5.05M
10	797272TE1797272TE1San Diego Community College District	San Diego Community College District	0.43%	4.62M	$4.87M
11	1301783W41301783W4California (State of) Educational Facilities Authority (Stanford University)	California (State of) Educational Facilities Authority (Stanford University)	0.42%	4.08M	$4.78M
12	79768HKP279768HKP2San Francisco (City & County of), CA Public Utilities Commission (Green Bonds)	San Francisco (City & County of), CA Public Utilities Commission (Green Bonds)	0.40%	4.29M	$4.51M
13	91412HND191412HND1University of California	University of California	0.39%	4.24M	$4.42M
14	79771FLK179771FLK1San Francisco (City of), CA	San Francisco (City of), CA	0.39%	4.15M	$4.38M
15	13068XLF413068XLF4California (State of) Public Works Board (May Lee State Office Complex)	California (State of) Public Works Board (May Lee State Office Complex)	0.38%	4.10M	$4.32M
16	797661C94797661C94San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds)	San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds)	0.37%	4.27M	$4.23M
17	91412HVY691412HVY6University of California	University of California	0.36%	3.86M	$4.08M
18	13063ELN413063ELN4California (State of)	California (State of)	0.35%	3.70M	$3.90M
19	544647HB9544647HB9Los Angeles Unified School District (Green Bonds)	Los Angeles Unified School District (Green Bonds)	0.34%	3.61M	$3.89M
20	13032UMP013032UMP0California (State of) Health Facilities Financing Authority (Kaiser Permanente)	California (State of) Health Facilities Financing Authority (Kaiser Permanente)	0.34%	3.43M	$3.81M

Showing 20 of 1,000

Sectors

sector

Cash & Others
100.00%

Top 3 sectors

100.00%

Top 5 sectors

100.00%

Concentration index

1.0000

Effective sectors

Chart tools

Open Sector Allocation in Chart Builder to fine-tune colors, labels, and timeframe, then download a high-res PNG.

Countries

Domicile

United States · 97.40%

Asset Classes

Primary asset class

Fixed income

Strategy

Passive Index

Income strategy

Bond yield

Issuer-reported asset class: Fixed Income

Frequently Asked Questions About PWZ

What are the top holdings of PWZ?: Invesco California AMT-Free Municipal Bond ETF holds 1295 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
How many holdings does PWZ have?: PWZ holds 1295 positions as reported by the fund's most recent disclosure.
What sectors does PWZ invest in?: Invesco California AMT-Free Municipal Bond ETF (PWZ) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
What sector is PWZ most exposed to?: PWZ's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
Is PWZ a US-only fund?: The country allocation card on this page shows PWZ's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
What does PWZ invest in?: The Fund seeks to track the investment results of the ICE BofAML California Long-Term Core Plus Municipal Securities Index. The Fund generally will invest at least 80% of its total assets in municipal securities that comprise the Underlying Index and that also are exempt from the federal alternative minimum tax ("AMT").

TickerHolding

Name

Weight

Market Value

13062RG3613062RG36State of California

State of California

0.75%

8.50M

$8.50M

13032UMN513032UMN5California (State of) Health Facilities Financing Authority (Kaiser Permanente)

California (State of) Health Facilities Financing Authority (Kaiser Permanente)

0.74%

8.93M

$8.37M

13032UB2313032UB23California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)

California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)

0.67%

7.92M

$7.56M

913366KS8913366KS8Regents of the University of California Medical Center

Regents of the University of California Medical Center

0.63%

6.74M

$7.10M

130179YE8130179YE8California (State of) Educational Facilities Authority

California (State of) Educational Facilities Authority

0.58%

6.25M

$6.59M

130179SD7130179SD7California (State of) Educational Facilities Authority (Stanford University)

California (State of) Educational Facilities Authority (Stanford University)

0.54%

5.37M

$6.10M

913366KT6913366KT6Regents of the University of California Medical Center

Regents of the University of California Medical Center

0.53%

6.42M

$5.96M

544647BX7544647BX7Los Angeles Unified School District

Los Angeles Unified School District

0.50%

5.58M

$5.60M

345105JH4345105JH4Foothill-Eastern Transportation Corridor Agency

Foothill-Eastern Transportation Corridor Agency

0.45%

5.20M

$5.05M

797272TE1797272TE1San Diego Community College District

San Diego Community College District

0.43%

4.62M

$4.87M

1301783W41301783W4California (State of) Educational Facilities Authority (Stanford University)

California (State of) Educational Facilities Authority (Stanford University)

0.42%

4.08M

$4.78M

79768HKP279768HKP2San Francisco (City & County of), CA Public Utilities Commission (Green Bonds)

San Francisco (City & County of), CA Public Utilities Commission (Green Bonds)

0.40%

4.29M

$4.51M

91412HND191412HND1University of California

University of California

0.39%

4.24M

$4.42M

79771FLK179771FLK1San Francisco (City of), CA

San Francisco (City of), CA

0.39%

4.15M

$4.38M

13068XLF413068XLF4California (State of) Public Works Board (May Lee State Office Complex)

California (State of) Public Works Board (May Lee State Office Complex)

0.38%

4.10M

$4.32M

797661C94797661C94San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds)

San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds)

0.37%

4.27M

$4.23M

91412HVY691412HVY6University of California

University of California

0.36%

3.86M

$4.08M

13063ELN413063ELN4California (State of)

California (State of)

0.35%

3.70M

$3.90M

544647HB9544647HB9Los Angeles Unified School District (Green Bonds)

Los Angeles Unified School District (Green Bonds)

0.34%

3.61M

$3.89M

13032UMP013032UMP0California (State of) Health Facilities Financing Authority (Kaiser Permanente)

California (State of) Health Facilities Financing Authority (Kaiser Permanente)

0.34%

3.43M

$3.81M