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The 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 exempt from the federal alternative minimum tax. The underlying Index is composed of U.S. dollar-denominated, high-quality, tax-exempt debt instruments publicly issued by U.S. states, territories, or their local government entities within the domestic market, provided they have a remaining maturity of at least 15 years. The Index components are adjusted monthly and weighted by their current outstanding market value. Instead of purchasing every security in the Index, the Fund employs a "sampling" methodology, investing in a representative selection of bonds to fulfill its investment objective. Both the Fund and its benchmark Index undergo monthly rebalancing and reconstitution.
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| — | CASH & EQUIVALENTS | 2.83% | $118.60M |
| — | California Health Facilities Financing Authority 4.00% 11/01/2044 | 0.13% | $5.59M |
| — | New York State Dormitory Authority 5.50% 07/01/2054 | 0.12% | $4.84M |
| — | New York State Dormitory Authority 4.00% 02/15/2047 | 0.11% | $4.51M |
| — | Salt River Project Agricultural Improvement & Power District 5.25% 01/01/2055 | 0.10% | $4.27M |
| — | Texas Water Development Board 4.75% 10/15/2055 | 0.10% | $4.25M |
| — | Regents of the University of California Medical Center Pooled Revenue 5.00% 05/15/2047 | 0.10% | $4.19M |
| — | Regents of the University of California Medical Center Pooled Revenue 4.00% 05/15/2053 | 0.10% | $4.17M |
| — | Orange County Health Facilities Authority 5.25% 10/01/2056 | 0.10% | $4.03M |
| — | California Health Facilities Financing Authority 4.00% 08/15/2048 | 0.10% | $4.03M |
| — | Massachusetts Development Finance Agency 5.50% 12/01/2056 | 0.10% | $4.00M |
| — | Texas Transportation Finance Corp 5.50% 10/01/2055 | 0.09% | $3.96M |
| — | Triborough Bridge & Tunnel Authority 5.00% 05/15/2051 | 0.09% | $3.94M |
| — | San Diego Unified School District/CA 4.00% 07/01/2047 | 0.09% | $3.82M |
| — | Lower Alabama Gas District/The 5.00% 09/01/2046 | 0.09% | $3.76M |
| — | California Educational Facilities Authority 5.00% 05/01/2049 | 0.09% | $3.62M |
| — | Chicago Board of Education Dedicated Capital Improvement Tax 6.00% 04/01/2046 | 0.09% | $3.61M |
| — | California Educational Facilities Authority 5.00% 10/01/2055 | 0.09% | $3.61M |
| — | County of Jefferson AL Sewer Revenue 5.25% 10/01/2049 | 0.09% | $3.58M |
| — | New York State Dormitory Authority 5.25% 03/15/2052 | 0.08% | $3.55M |
| — | County of Miami-Dade FL Water & Sewer System Revenue 4.00% 10/01/2049 | 0.08% | $3.54M |
| — | New Jersey Transportation Trust Fund Authority 5.00% 06/15/2055 | 0.08% | $3.54M |
| — | Grand Parkway Transportation Corp 4.00% 10/01/2049 | 0.08% | $3.50M |
| — | Metropolitan Washington Airports Authority Dulles Toll Road Revenue 4.00% 10/01/2049 | 0.08% | $3.47M |
| — | Illinois State Toll Highway Authority 5.00% 01/01/2045 | 0.08% | $3.45M |