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Invesco National AMT-Free Municipal Bond (PZA) ETF Holdings & Analysis
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What PZA does
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.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| USD Pending Dividends | 1.03% | |
| CASH & EQUIVALENTS | 0.39% | |
| California Health Facilities Financing Authority 4.00% 11/01/2044 | 0.13% | |
| New York State Dormitory Authority 5.50% 07/01/2054 | 0.11% | |
| New York State Dormitory Authority 4.00% 02/15/2047 | 0.10% | |
| County of Jefferson AL Sewer Revenue 5.50% 10/01/2053 | 0.10% | |
| California Health Facilities Financing Authority 4.00% 08/15/2048 | 0.10% | |
| Salt River Project Agricultural Improvement & Power District 5.25% 01/01/2055 | 0.10% | |
| Triborough Bridge & Tunnel Authority 5.00% 05/15/2051 | 0.10% | |
| Regents of the University of California Medical Center Pooled Revenue 5.00% 05/15/2047 | 0.10% |
Sector allocation
| Cash & Others | 100.00% |
Geographic allocation
| Other | 100.00% |
PortView Portfolio Insights
PortView analyzes how PZA fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does PZA track?
- PZA is the Invesco National AMT-Free Municipal Bond ETF, a Other ETF.
- What is the expense ratio of PZA?
- Expense ratio data for PZA is shown on the page when available from our data provider.
- What are the largest holdings in PZA?
- Top holdings include USD Pending Dividends, CASH & EQUIVALENTS, California Health Facilities Financing Authority 4.00% 11/01/2044, New York State Dormitory Authority 5.50% 07/01/2054, New York State Dormitory Authority 4.00% 02/15/2047.
- How can PortView analyze PZA overlap with other ETFs?
- PortView computes the holdings overlap between PZA and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.