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
Trailing returns
through Oct 23, 2026- 1 year
- -3.2%
- 3 year
- +3.6%
- annualized
- 5 year
- -1.0%
- annualized
Price return from month-end closes, distributions reinvested at month end. Excludes trading costs, bid-ask spreads and taxes. Past performance says nothing about future returns and is not part of the composite score — see the methodology for what the score does measure.
Composite score
Based on a 0.28% expense ratio.
Based on $4.02B in net assets.
Top-10 holdings represent 1.0% of net assets.
US Municipal Bond base · ETF wrapper · 4.06% 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 v0.5.2).
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Tool · Look-through
Underlying holdings, with other funds added
Add tickers and weights; N-PORT positions are summed across the basket.
Tool · Cost
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Compounds the 0.28% expense ratio against a peer over decades.
Tool · Overlap
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Pairwise holdings heatmap, pre-loaded with similar US Municipal Bond funds.
Tool · TLH
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Ranks every catalog fund by holdings overlap, flags wash-sale risk.
Tool · Placement
Asset location for PZA across account types
Asset-location optimizer — places each fund in taxable / tax-deferred / Roth.
Top holdings
| # | Holding | Weight |
|---|---|---|
| 1 | California (State of) Health Facilities Financing Authority (Kaiser Permanente) | 0.13% |
| 2 | New York (State of) Dormitory Authority | 0.12% |
| 3 | New York (State of) Dormitory Authority | 0.11% |
| 4 | Salt River Project Agricultural Improvement & Power District | 0.10% |
| 5 | Texas Water Development Board | 0.10% |
| 6 | Regents of the University of California Medical Center | 0.10% |
| 7 | Regents of the University of California Medical Center | 0.10% |
| 8 | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group) | 0.10% |
| 9 | Texas Transportation Finance Corp. | 0.09% |
| 10 | Triborough Bridge & Tunnel Authority | 0.09% |
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