Fund Evaluator:
Invesco National AMT-Free Muni Bd ETF (PZA)
Follow This Fund
Fixed Income
Global Asset Class
Municipal Bond
Fund Group
Muni National Long
Category
$26.660
NAV (as of Oct 07)
$0.00
Minimum Initial
0.28% C
Expense Ratio
$4,235 Mil
Assets
Open
Status
na
12b-1 Fee
3.84%
TTM Yield
0.00%
Max Load
6%
Portfolio Turnover
Best Performing in Muni National Long Over the Last Year
| 6.2% | Vanguard High-Yield Tax-Exempt Adm (VWALX) |
| 6.2% | Victory Tax Exempt Long-Term (USTEX) |
| 6.1% | Vanguard High-Yield Tax-Exempt (VWAHX) |
| 6.0% | Invesco Municipal Income Investor (VMINX) |
| 5.8% | Thrivent Municipal Bond S (TMBIX) |
Data as of 8/31/2026
-0.7% F
1-Mo Return
-1.9% F
3-Mo Return
-0.1% F
YTD Return
5.6% D
1-Yr Return
2.8% F
3-Yr Return
-0.5% C
5-Yr Return
0.99 D
Category Risk Index
0.61
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 National AMT-Free Muni Bd ETF Overview
PZA Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PZA Return (NAV) | -0.7% | -1.9% | 5.6% | 2.8% | -0.5% | 1.5% |
| PZA Grade | F | F | D | F | C | D |
| +/- Category | -0.4% | -0.8% | 0.6% | -0.8% | -0.6% | -0.2% |
| Muni National Long Avg | -0.3% | -1.1% | 5.1% | 3.6% | 0.0% | 1.7% |
| PZA Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | 0.0% |
PZA Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PZA Return (NAV) | -0.1% | 1.7% | 1.6% | 7.8% | -12.8% | 2.3% | 5.3% | 8.7% | 0.2% | 6.6% | 1.3% |
| PZA Grade | F | F | C | C | C | C | F | D | C | C | B |
| +/- Category | -0.7% | -1.3% | -0.9% | 0.9% | -1.1% | -0.6% | 0.5% | 0.6% | -0.5% | 0.8% | 1.1% |
| Muni National Long Avg | 0.6% | 3.0% | 2.5% | 6.8% | -11.6% | 2.8% | 4.8% | 8.1% | 0.7% | 5.8% | 0.2% |
| Risk Measures | |
| Standard Deviation: | 7.4% |
| Total Risk Index: | 0.61 - Below Average |
| Category Risk Index: | 0.99 - Above Average |
| Category Risk Grade: | D (73% Rank) |
| Beta: | 1.29 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Extensive Sensitivity |
| Yield: | 3.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4235 Mil |
| Fund Total Assets: | $4,235 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 6% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 18.9 years | |||
| Average Tenure: 10.4 years | |||
| Managers (Year): Hubbard Peter (2007), Jones Gary (2012), Neisewander Jeremy (2019), Michalak Daniel (2025) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 7124 |
| % in Top 10 Holdings: | 1.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.8% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
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 (%): | 0.79% |
| Share Class: | Invesco National AMT-Free Muni Bd ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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