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Name

As of 11/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco New York AMT-Free Municipal Bond ETF

PZT | ETF

$23.19

$93 M

3.07%

$0.71

0.28%

Vitals

YTD Return

3.1%

1 yr return

7.8%

3 Yr Avg Return

-1.1%

5 Yr Avg Return

0.9%

Net Assets

$93 M

Holdings in Top 10

18.8%

52 WEEK LOW AND HIGH

$23.1
$22.52
$23.52

Expenses

OPERATING FEES

Expense Ratio 0.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco New York AMT-Free Municipal Bond ETF

PZT | ETF

$23.19

$93 M

3.07%

$0.71

0.28%

PZT - Profile

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.35%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco New York AMT-Free Municipal Bond ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Oct 11, 2007
  • Shares Outstanding
    4800000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Hubbard

Fund Description

The Fund generally will invest at least 80% of its total assets in the components of the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by New York or any U.S. territory and their political subdivisions, in the U.S. domestic market. Such securities are exempt from the federal alternative minimum tax (“AMT”) and are considered investment grade based on an average of ratings by S&P Global Ratings, a division of S&P Global Inc. (“S&P”), Moody’s Investors Service, Inc. (“Moody’s”) and Fitch Ratings Inc. (“Fitch”). To be eligible for inclusion in the Underlying Index, such securities must have a term of at least 15 years remaining to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $25 million per maturity.
As of October 31, 2023, the Underlying Index was comprised of 1,266constituents.
The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.
The Fund is “non-diversified” and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, as amended (the “1940 Act”).
Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
Read More

PZT - Performance

Return Ranking - Trailing

Period PZT Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -5.9% 32.9% 26.33%
1 Yr 7.8% -0.6% 37.6% 15.18%
3 Yr -1.1%* -10.6% 4.0% 79.92%
5 Yr 0.9%* -6.8% 1103.7% 48.04%
10 Yr 2.5%* -0.9% 248.8% 12.07%

* Annualized

Return Ranking - Calendar

Period PZT Return Category Return Low Category Return High Rank in Category (%)
2023 4.5% -1.4% 41.0% 6.60%
2022 -15.2% -39.7% 0.3% 89.76%
2021 -0.1% -5.6% 6.9% 34.30%
2020 3.1% -2.6% 310.0% 5.88%
2019 6.5% 0.0% 26.0% 4.03%

Total Return Ranking - Trailing

Period PZT Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -5.9% 32.9% 26.33%
1 Yr 7.8% -0.6% 37.6% 15.18%
3 Yr -1.1%* -10.6% 4.0% 79.92%
5 Yr 0.9%* -6.8% 1103.7% 48.04%
10 Yr 2.5%* -0.9% 248.8% 12.07%

* Annualized

Total Return Ranking - Calendar

Period PZT Return Category Return Low Category Return High Rank in Category (%)
2023 7.6% -1.3% 41.0% 9.76%
2022 -13.0% -39.7% 1.1% 90.38%
2021 2.2% -4.8% 23761504.0% 34.23%
2020 5.9% -1.5% 17057.9% 6.86%
2019 9.5% 0.2% 3514.6% 4.25%

PZT - Holdings

Concentration Analysis

PZT Category Low Category High PZT % Rank
Net Assets 93 M 3.22 M 71.9 B 87.43%
Number of Holdings 387 4 13418 32.44%
Net Assets in Top 10 24.1 M -317 M 3.09 B 82.94%
Weighting of Top 10 18.80% 1.8% 100.3% 44.62%

Top 10 Holdings

  1. New York (State of) Power Authority (Green Transmission) (Green Bonds), Series 2022, RB 3.07%
  2. Battery Park (City of), NY Authority (Sustainability Bonds), Series 2019, RB 2.09%
  3. Triborough Bridge Tunnel Authority (MTA Bridges Tunnels), Series 2021 A, RB 2.08%
  4. New York (State of) Dormitory Authority (Bidding Group 3), Series 2017 B, Ref. RB 1.93%
  5. New York (City of), NY, Series 2019 B-1, GO Bonds 1.68%
  6. New York (City of), NY Municipal Water Finance Authority, Series 2021 AA-1, RB 1.67%
  7. Long Island (City of), NY Power Authority, Series 2016 B, Ref. RB 1.61%
  8. New York Convention Center Development Corp. (Hotel Unit Fee Secured), Series 2015, Ref. RB 1.57%
  9. New York State Urban Development Corp. (Bidding Group 3), Series 2019 A, Ref. RB 1.55%
  10. New York (City of), NY Municipal Water Finance Authority, Series 2023 D, Ref. RB 1.55%

Asset Allocation

Weighting Return Low Return High PZT % Rank
Bonds 		98.77% 0.00% 150.86% 55.23%
Cash 		1.23% -50.86% 44.62% 44.59%
Stocks 		0.00% 0.00% 99.78% 49.93%
Preferred Stocks 		0.00% 0.00% 0.07% 39.76%
Other 		0.00% -3.69% 51.88% 47.48%
Convertible Bonds 		0.00% 0.00% 0.93% 39.45%

Bond Sector Breakdown

Weighting Return Low Return High PZT % Rank
Municipal 		96.76% 44.39% 100.00% 68.37%
Derivative 		0.00% -3.69% 51.88% 45.13%
Cash & Equivalents 		0.00% 0.00% 44.41% 72.46%
Securitized 		0.00% 0.00% 5.93% 40.73%
Corporate 		0.00% 0.00% 9.41% 49.29%
Government 		0.00% 0.00% 52.02% 43.83%

Bond Geographic Breakdown

Weighting Return Low Return High PZT % Rank
US 		98.77% 0.00% 142.23% 52.99%
Non US 		0.00% 0.00% 23.89% 42.11%

PZT - Expenses

Operational Fees

PZT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.28% 0.01% 8.02% 94.83%
Management Fee 0.28% 0.00% 1.20% 13.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

PZT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

PZT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PZT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 283.00% 25.36%

PZT - Distributions

Dividend Yield Analysis

PZT Category Low Category High PZT % Rank
Dividend Yield 3.07% 0.00% 14.51% 49.60%

Dividend Distribution Analysis

PZT Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PZT Category Low Category High PZT % Rank
Net Income Ratio 2.35% -0.53% 5.33% 27.80%

Capital Gain Distribution Analysis

PZT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

PZT - Fund Manager Analysis

Managers

Peter Hubbard

Start Date

Tenure

Tenure Rank

Oct 11, 2007

14.65

14.7%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Philip Fang

Start Date

Tenure

Tenure Rank

Oct 11, 2007

14.65

14.7%

Philip Fang is Portfolio Manager of Invesco Capital Management LLC, has been responsible for certain Funds in the Trust since July 2010 and has been associated with Invesco Capital Management since 2007.

Gary Jones

Start Date

Tenure

Tenure Rank

Jan 31, 2012

10.34

10.3%

Gary Jones is a Portfolio Manager of Invesco PowerShares Capital Management LLC and has been one of the Portfolio Managers primarily responsible for the day-to-day management of the Funds since January 2012. Mr. Jones has been a Portfolio Manager of the Adviser since December 2010. Previously, he was a Portfolio Manager of Van Kampen Investments from 2007 to 2009.

Jeremy Neisewander

Start Date

Tenure

Tenure Rank

Dec 20, 2019

2.45

2.5%

Jeremy Neisewander, Portfolio Manager of Invesco Capital Management LLC. Prior to that, Mr. Neisewander is a Portfolio Manager and Vice President of Guggenheim Investments and joined Guggenheim Investments in May 2014. Mr. Neisewander is a member of the ETF Portfolio Management team. Prior to joining Guggenheim Investments, Mr. Neisewander held Analyst and Portfolio Management roles within the multi-asset team at UBS Global Asset Management from 2005 to 2014. Prior to his time at UBS, Mr. Neisewander focused on the development and implementation of asset allocation models while a Senior Analyst at Ibbotson Associates. Mr. Neisewander holds an MBA and B.S. degree in Finance from the Roosevelt University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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