$23.07
TER
0.28%
1Y Return
+4.37%
AUM
$4.2B
High LiquidityThe Invesco National AMT-Free Municipal Bond ETF (PZA) aims to track the investment results of The ICE BofAML National Long-Term Core Plus Municipal Securities Index. The ETF typically allocates a minimum of 80% of its total holdings to municipal bonds that are both constituents of this Index and ex...
Top holdings
CASH & EQUIVALENTS
CASHUSD00
California Health Facilities Financing Authority
4% · 11/01/2044
New York State Dormitory Authority
5.5% · 07/01/2054
New York State Dormitory Authority
4% · 02/15/2047
Salt River Project Agricultural Improvement & Power District
5.25% · 01/01/2055
Regents of the University of California Medical Center Pooled Revenue
4% · 05/15/2053
Regents of the University of California Medical Center Pooled Revenue
5% · 05/15/2047
Orange County Health Facilities Authority
5.25% · 10/01/2056
Massachusetts Development Finance Agency
5.5% · 12/01/2056
Top holdings
CASH & EQUIVALENTS
CASHUSD00
California Health Facilities Financing Authority
4% · 11/01/2044
New York State Dormitory Authority
5.5% · 07/01/2054
New York State Dormitory Authority
4% · 02/15/2047
Salt River Project Agricultural Improvement & Power District
5.25% · 01/01/2055
Regents of the University of California Medical Center Pooled Revenue
4% · 05/15/2053
Regents of the University of California Medical Center Pooled Revenue
5% · 05/15/2047
Orange County Health Facilities Authority
5.25% · 10/01/2056
Massachusetts Development Finance Agency
5.5% · 12/01/2056
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Learn the fundamentals behind this asset.
An Exchange-Traded Fund is a single tradable share that holds dozens or hundreds of companies inside it. One purchase, one ticker, broad market exposure, and you can buy or sell it during market hours like any stock.
The annual fee a fund charges to manage your money. It sounds tiny on a year-by-year basis. Compounded over decades, it is the single most controllable factor in long-term investment returns.
Diversification is what happens when the things you own do not all rise and fall together. It is the closest thing investing has to a free lunch, but only if you actually buy assets that move differently, not the same asset in five different costumes.
Buy a fixed amount on a fixed schedule, regardless of price. The most-recommended retail investment habit, because it removes the single biggest source of underperformance: timing decisions.
