Fund Evaluator:
Invesco California AMT-Free Muni Bd ETF (PWZ)
Follow This Fund
Fixed Income
Global Asset Class
Municipal Bond
Fund Group
Muni California Long
Category
$27.500
NAV (as of Oct 07)
$0.00
Minimum Initial
0.28% B
Expense Ratio
$1,148 Mil
Assets
Open
Status
na
12b-1 Fee
3.74%
TTM Yield
0.00%
Max Load
5%
Portfolio Turnover
Best Performing in Muni California Long Over the Last Year
| 8.2% | Invesco California Municipal Y (OCAYX) |
| 7.4% | American Century CA High Yield Muni Y (ACYHX) |
| 7.3% | American Century CA High Yield Muni Inv (BCHYX) |
| 6.9% | Columbia Strat CA Muncpl Inc Inst (CCAZX) |
| 6.8% | Vanguard CA Long-Term Tax-Exempt Adm (VCLAX) |
Data as of 7/31/2026
-2.3% F
1-Mo Return
-0.5% C
3-Mo Return
0.8% C
YTD Return
7.8% A
1-Yr Return
2.4% F
3-Yr Return
-0.4% F
5-Yr Return
1.22 F
Category Risk Index
0.60
Total Risk Index
Fund Details
Fund Family
Invesco
Inception Date
10/11/2007
Share Class Type
Equity Investment Style
na
Bond Investment Style
High Quality
Extensive Sensitivity
Socially Responsible Fund
No
Index Fund
Yes
Benchmark Index
Bloomberg Municipal TR USD: 100%
Additional Fund Details
Invesco California AMT-Free Muni Bd ETF Overview
PWZ Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PWZ Return (NAV) | -2.3% | -0.5% | 7.8% | 2.4% | -0.4% | 1.6% |
| PWZ Grade | F | C | A | F | F | C |
| +/- Category | -0.3% | -0.2% | 1.4% | -0.8% | -0.3% | -0.0% |
| Muni California Long Avg | -2.0% | -0.3% | 6.3% | 3.2% | -0.0% | 1.7% |
| PWZ Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | 0.0% |
PWZ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PWZ Return (NAV) | 0.8% | 1.5% | 1.6% | 7.0% | -11.5% | 2.1% | 5.1% | 8.7% | 0.4% | 6.7% | 0.9% |
| PWZ Grade | C | F | D | B | F | B | B | B | F | A | A |
| +/- Category | 0.1% | -1.3% | -1.0% | 0.6% | -0.3% | -0.4% | 0.7% | 0.6% | -0.4% | 0.5% | 0.7% |
| Muni California Long Avg | 0.7% | 2.8% | 2.5% | 6.4% | -11.2% | 2.5% | 4.4% | 8.1% | 0.8% | 6.2% | 0.2% |
| Risk Measures | |
| Standard Deviation: | 7.4% |
| Total Risk Index: | 0.60 - Below Average |
| Category Risk Index: | 1.22 - High |
| Category Risk Grade: | F (125% Rank) |
| Beta: | 1.25 |
| R-Squared: | 94% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Extensive Sensitivity |
| Yield: | 3.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1148 Mil |
| Fund Total Assets: | $1,148 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 5% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 18.8 years | |||
| Average Tenure: 10.3 years | |||
| Managers (Year): Hubbard Peter (2007), Jones Gary (2012), Neisewander Jeremy (2019), Michalak Daniel (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 1207 |
| % in Top 10 Holdings: | 5.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.0% |
| Foreign Bond: | 0.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Status: | Open |
| Inception Date: | October 11, 2007 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.28% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.82% |
| Share Class: | Invesco California AMT-Free Muni Bd ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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