IMSI
ETF
Invesco Municipal Strategic Income ETF
Fixed Income
US Fixed Income
Ticker: PZA
Invesco National AMT-Free Municipal Bond ETF
Invests in municipal securities that are exempt from the federal alternative minimum tax (AMT).
Why invest in PZA?
The Invesco National AMT-Free Municipal Bond ETF seeks to track an index of tax-exempt municipal debt that is not subject to the alternative minimum tax (AMT).
No AMT
The ETF is comprised of US dollar-denominated, tax-exempt municipal debt exempt from the AMT.
Investment grade
The ETF contains municipal bonds considered investment grade based on an average of ratings by S&P Global Ratings, Moody’s Investors Service, and Fitch Ratings Inc.
Tax advantages
Municipal bond income that may be free from federal and, in some cases, state income taxes can be appealing to any investor and especially to those in higher tax brackets.
FAQ
Get timely answers to important questions regarding this product.
The index is composed of US dollar-denominated, investment grade, tax-exempt debt publicly issued by US states and territories, or their political subdivisions, in the US domestic market with a term of at least 15 years remaining to final maturity. The Index is adjusted monthly and its constituents are capitalization-weighted based on their current amount outstanding.
PZA invests in municipal bonds that are are exempt from federal income taxes as well as the alternative minimum tax (AMT).
A municipal bond ETF is an exchange-traded fund that invests in municipal debt issued by states and local governments to finance public projects.
PZA is based on The ICE BofAML National Long-Term Core Plus Municipal Securities Index. The index is composed of US dollar-denominated, investment grade, tax-exempt debt publicly issued by US states and territories, or their political subdivisions, in the US domestic market with a term of at least 15 years remaining to final maturity.
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Footnotes
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The Invesco National AMT-Free Municipal Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE BofA National Long-Term Core Plus Municipal Securities Index (the “Underlying Index”).
