Invesco National AMT-Free Municipal Bond ETF

Frequently Asked Questions About PZA

What are the top holdings of PZA?

Invesco National AMT-Free Municipal Bond ETF holds 7388 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does PZA have?

PZA holds 7388 positions as reported by the fund's most recent disclosure.

What sectors does PZA invest in?

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

What sector is PZA most exposed to?

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

Is PZA a US-only fund?

The country allocation card on this page shows PZA'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 PZA invest in?

The Invesco National AMT-Free Municipal Bond ETF (PZA) aims to track the investment results of The ICE BofAML National Long-Term Core Plus Municipal Securities Index. The ETF typically allocates a minimum of 80% of its total holdings to municipal bonds that are both constituents of this Index and exempt from the federal alternative minimum tax. The underlying Index is composed of U.S. dollar-denominated, high-quality, tax-exempt debt instruments publicly issued by U.S. states, territories, or their local government entities within the domestic market, provided they have a remaining maturity of at least 15 years. The Index components are adjusted monthly and weighted by their current outstanding market value. Instead of purchasing every security in the Index, the Fund employs a "sampling" methodology, investing in a representative selection of bonds to fulfill its investment objective. Both the Fund and its benchmark Index undergo monthly rebalancing and reconstitution.