Invesco National AMT-Free Municipal Bond ETF
PZA NYSE Arca
The Invesco National AMT-Free Municipal Bond ETF seeks investment results that correspond generally to the price and yield performance of the ICE BofAML National Long-Term Core Plus Municipal Securities Index. The Fund will normally invest at least 80% of its total assets in insured municipal secur...
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- Fund size
- 2.36B as of Feb 2020
- Expense ratio
- 0.28% per year
- Dividend yield
- 4.02% Monthly
- Volatility · 1Y
- 5.1% Above Average
- Beta
- 0.08 vs the market
- 52-week range
- 21.0723.25
How PZA has paid off
Price return over every period, and total return with dividends reinvested, set against price alone.
Return by period
Price · to Oct 30Total return vs price return
Price onlyOver 1 year, PZA returned +2.2% with dividends reinvested — dividends added +3.9 pts to the price move.
How bumpy is the ride?
Return only means something next to the risk taken to earn it. Volatility, drawdowns and market sensitivity over 1 year.
Volatility
Annualized · 1YA typical year sees the price swing about ±5% around its trend.
Drawdown from peak
How far below its previous high the price has been Deepest fall −9.4% on Oct 7, 2026 — 97 days after the previous high
More than 5% below a high 15% of the time.
Market sensitivity
BetaA beta of 0.08 means PZA has moved less than the market.
Trend & momentum
Where the price sits against its moving averages, and how stretched the recent move is.
Price vs moving averages
Downtrend- 12-day average21.76 +1.2%
- 26-day average21.69 +1.5%
- 50-day average21.84 +0.8%
- 200-day average22.29 −1.2%
The price is above 3 of 4 averages. The 50-day average is below the 200-day, a sign of a falling longer-term trend.
Relative strength (RSI)
OverboughtRSI compares recent gains with recent losses on a 0–100 scale. Above 70 a move is often considered stretched, below 30 washed out.
Technical indicators describe past prices. They are not a forecast.
Inside the fund
Municipals · Long Term — tracking the ICE BofA ML National Long-Term Core Plus Municipal Securities Index.
- Assets under management2.36BUSD
- Expense ratio0.28%per year
- Holdings456
- Risk score2.1Low
Launched October 2007. Fund data as of Feb 27, 2020.
What it pays you
Cash distributions over the last twelve months, and how they have grown.
About 40 USD a year for every 1,000 USD invested at today's price.
- Per share
- 0.89
- Frequency
- Monthly
- Last paid
- Oct 19, 2026
Last 12 months
0.81 USD / shareWhere PZA shows up
Curated themes and indices that hold PZA. Open one to see it in context, or test the whole theme in a portfolio.
About Invesco National AMT-Free Municipal Bond ETF
The Invesco National AMT-Free Municipal Bond ETF seeks investment results that correspond generally to the price and yield performance of the ICE BofAML National Long-Term Core Plus Municipal Securities Index. The Fund will normally invest at least 80% of its total assets in insured municipal securities that are exempt from federal income tax.
- Featured in 3 curated themes
- 456 holdings
- Ticker
- PZA
- Exchange
- NYSE Arca
- ISIN
- US46138E5371
- CUSIP
- 46138E537
- Currency
- U.S. Dollar (USD)
- Country
- USA
- Sector
- Municipals
- Industry
- Long Term
- Benchmark
- ICE BofA ML National Long-Term Core Plus Municipal Securities Index
All key statistics
Details
Shareas of Oct 30, 2026
Dataas of Feb 27, 2020
Put PZA to the test
See how it would change the return and the risk of a portfolio, with virtual money, before a single real dollar moves.
Data for information only, not investment advice. Past performance does not guarantee future results.