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Invesco National AMT-Free Municipal Bond ETF

Invesco National AMT-Free Municipal Bond ETF

PZA

NYSE ARCA
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Invesco National AMT-Free Municipal Bond ETF

PZA

NYSE ARCA
$22.090.11% (-0.02)
$
₹
$22.090.11% (-0.02)
High
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Low
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Returns
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1D
1W
1M
1Y
5Y
Max
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1D
1W
1M
1Y
5Y
Max

US ETF

Muni National Long

Government & Municipal Bond

Invests in muni national long segment

Key Metrics

Key Metrics

Expense Ratio
Expense Ratio

The operating and administrative costs of running the fund measured as the percentage of fund assets

0.2799%
AUM
AUM

Current market value of the ETF scheme managed by the Asset Management Company

$4.15B
Beta
Beta

Sensitivity of the stock's price relative to the country's key indices over the last 5 years

1.29
Volatility (3Y)
Volatility (3Y)

The annualized standard deviation of the ETF's returns calculated over the last 3 years

7.45%
YTM
YTM

Total rate of return expected to be earned by the underlying debt when it makes all interest payments and repays the original principal

4.70%
YTM Category
YTM Category

Total rate of return expected to be earned by the underlying debt of the same category when it makes all interest payments and repays the original principal

4.32

ETF Profile

The fund generally will invest at least 80% of its total assets in the components of the index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by U.S. states and territories and their political subdivisions, in the U.S. domestic market.
The fund generally will invest at least 80% of its total assets in the components of the index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by U.S. states and territories and their political subdivisions, in the U.S. domestic market.

Peers

Peers

SPDR® Nuveen Bloomberg Municipal Bond ETF
TFI
SPDR® Nuveen Bloomberg Municipal Bond ETF
Exp. Ratio
0.2299%
0.2299%
YTM
4.09%
4.09%
1Y Return
3.62%
3.62%
VCRM
VCRM
V
Exp. Ratio
12%
12%
YTM
4.59%
4.59%
1Y Return
2.02%
2.02%
iShares Long-Term National Muni Bd ETF
LMUB
I
Exp. Ratio
9%
9%
YTM
4.31%
4.31%
1Y Return
3.38%
3.38%
Invesco Taxable Municipal Bond ETF
BAB
Invesco Taxable Municipal Bond ETF
Exp. Ratio
0.2799%
0.2799%
YTM
5.43%
5.43%
1Y Return
4.28%
4.28%
VanEck Long Muni ETF
MLN
VanEck Long Muni ETF
Exp. Ratio
0.24%
0.24%
YTM
4.89%
4.89%
1Y Return
3.73%
3.73%

Peers & Comparison

Peers & Comparison

Comparing 2 ETFs from
ETFMuni National Long
ETFTotal AUMTotal AUMExp. RatioExp. Ratio1Y Return1Y Return
Invesco National AMT-Free Municipal Bond ETF $4.15B0.2799%-3.59%
SPDR® Nuveen Bloomberg Municipal Bond ETF$3B0.2299%-3.62%
VCRM$1.87B12%-2.02%

Price Comparison

Price Comparison

1 Month

1 Year

5 Years

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Top Holdings

Top Holdings

  • Name
    Holdings
  • COLORADO HEALTH FACS AUTH REV 4%
    Holdings0.93 %
    COLORADO HEALTH FACS AUTH REV 4%

    Holdings

    0.93 %

  • SAN DIEGO CALIF UNI SCH DIST 4%
    Holdings0.69 %
    SAN DIEGO CALIF UNI SCH DIST 4%

    Holdings

    0.69 %

  • LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV 5%
    Holdings0.64 %
    LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV 5%

    Holdings

    0.64 %

  • MASSACHUSETTS ST 5.25%
    Holdings0.61 %
    MASSACHUSETTS ST 5.25%

    Holdings

    0.61 %

  • LICKING HEIGHTS OHIO LOC SCH DIST 5.5%
    Holdings0.58 %
    LICKING HEIGHTS OHIO LOC SCH DIST 5.5%

    Holdings

    0.58 %

  • GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 5%
    Holdings0.57 %
    GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 5%

    Holdings

    0.57 %

  • OHIO ST WTR DEV AUTH WTR POLLUTN CTL REV 5%
    Holdings0.57 %
    OHIO ST WTR DEV AUTH WTR POLLUTN CTL REV 5%

    Holdings

    0.57 %

  • CHICAGO ILL TRAN AUTH SALES TAX RCPTS REV 5%
    Holdings0.56 %
    CHICAGO ILL TRAN AUTH SALES TAX RCPTS REV 5%

    Holdings

    0.56 %

  • COLORADO HEALTH FACS AUTH REV 3%
    Holdings0.55 %
    COLORADO HEALTH FACS AUTH REV 3%

    Holdings

    0.55 %

  • TRIBOROUGH BRDG & TUNL AUTH NY REVS 5%
    Holdings0.55 %
    TRIBOROUGH BRDG & TUNL AUTH NY REVS 5%

    Holdings

    0.55 %

Frequently asked questions

Frequently asked questions

  1. Invesco National AMT-Free Municipal Bond ETF (PZA) is currently trading at $22.09. You can also track daily change, historical performance, trading volume and other key ETF details on this page.

  2. Indian investors can buy Invesco National AMT-Free Municipal Bond ETF (PZA) by opening a US investing account through a platform that provides access to US stocks and ETFs, completing the required verification, transferring funds under the Liberalised Remittance Scheme (LRS), and placing an order in USD.

  3. Yes, Indian residents and NRIs can invest in Invesco National AMT-Free Municipal Bond ETF (PZA) through platforms that offer access to US-listed stocks and ETFs, subject to applicable regulations, including RBI’s Liberalised Remittance Scheme (LRS) guidelines.

  4. The expense ratio of Invesco National AMT-Free Municipal Bond ETF (PZA) is 0.2799%. It represents the annual operating cost charged by the ETF provider for managing the fund and tracking its underlying index.

  5. Invesco National AMT-Free Municipal Bond ETF (PZA)’s top holdings currently include COLORADO HEALTH FACS AUTH REV 4%, SAN DIEGO CALIF UNI SCH DIST 4%, and LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV 5%. The ETF’s complete holdings list, allocation and sector exposure are available in the Holdings section on this page.

  6. Many platforms offering US ETF investing allow fractional investing, enabling Indian investors to buy a portion of Invesco National AMT-Free Municipal Bond ETF (PZA) instead of a full share. This allows investment based on a fixed dollar amount.

  7. Gains from Invesco National AMT-Free Municipal Bond ETF (PZA) are generally taxed in India based on the applicable holding period and tax rules. Dividends may be subject to US withholding tax and Indian taxation rules. The final tax treatment depends on individual circumstances.

  8. Remittances under the Liberalised Remittance Scheme (LRS) for overseas investments, including US ETFs like Invesco National AMT-Free Municipal Bond ETF (PZA), may attract TCS above specified thresholds. Applicable rates and limits are determined by government regulations and may change over time.

  9. Invesco National AMT-Free Municipal Bond ETF (PZA)’s current assets under management (AUM) are $4.15B. AUM represents the total market value of assets managed by the ETF and indicates the size of the fund.

  10. You can compare Invesco National AMT-Free Municipal Bond ETF (PZA) with SPDR® Nuveen Bloomberg Municipal Bond ETF (TFI), VCRM (VCRM), and iShares Long-Term National Muni Bd ETF (LMUB) based on metrics such as expense ratio, AUM, P/E ratio, holdings, liquidity and historical returns in the Peers & Comparison section.

  11. Invesco National AMT-Free Municipal Bond ETF (PZA)’s NAV represents the per-unit value of the ETF’s underlying holdings after adjusting for expenses and liabilities. It is calculated once daily after markets close and may differ from the ETF’s live market price.

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