Invesco National AMT-Free Municipal Bond ETF
Invesco · Tracks ICE BofA U.S. National Long-Term Core Plus Municipal Securities Index · Inception Oct 11, 2007
Composite score
Based on a 0.28% expense ratio.
Based on $4.29B in net assets.
Top-10 holdings represent 1.2% of net assets.
US Municipal Bond base · ETF wrapper · 3.67% TTM yield.
The composite is a weighted average of the four core sub-scores above (cost, tax efficiency, liquidity, concentration). Missing sub-scores fall back to the per-category median when the category has at least 50% data coverage, so funds without (e.g.) parsed N-PORT holdings aren't accidentally boosted by renormalization. Tracking quality is shown where computable but isn't currently part of the composite weighting. See methodology for formulas, the tracking-quality partial-coverage rationale, and the dimensions we deliberately don't score (methodology v0.5.1).
Use PZA in our tools
Tool · Cost
Compare PZA's fee against another fund
Compounds the 0.28% expense ratio against a peer over decades.
Tool · Overlap
Compare PZA's holdings with peers
Pairwise holdings heatmap, pre-loaded with similar US Municipal Bond funds.
Tool · TLH
Find a tax-loss harvesting partner for PZA
Ranks every catalog fund by holdings overlap, flags wash-sale risk.
Tool · Placement
Where should this fund live across your accounts?
Asset-location optimizer — places each fund in taxable / tax-deferred / Roth.
Top holdings
| # | Holding | Weight |
|---|---|---|
| 1 | New York (State of) Dormitory Authority | 0.15% |
| 2 | California (State of) Health Facilities Financing Authority (Kaiser Permanente) | 0.14% |
| 3 | Texas Water Development Board | 0.13% |
| 4 | University of California | 0.12% |
| 5 | Dallas (City of), TX Independent School District | 0.12% |
| 6 | New York (State of) Dormitory Authority | 0.12% |
| 7 | Salt River Project Agricultural Improvement & Power District | 0.11% |
| 8 | California (State of) | 0.11% |
| 9 | Metropolitan Transportation Authority (Green Bonds) | 0.11% |
| 10 | Monroe County Industrial Development Corp. (University of Rochester) | 0.11% |
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