Invesco California AMT-Free Municipal Bond ETF (PWZ)
- Expense ratio0.27%
- Net assets$1.20B
- Dividend yield4.13%
- 1-year return-1.99%
- Holdings8
PWZ ETF price chart
PWZ quote & trading statistics
PWZ performance
Annual returns & drawdowns →- YTD-1.89%
- 1 year-1.99%
- 3 years+3.81%/yr
- 5 years-0.51%/yr
- 10 years+1.43%/yr
- 1Y volatility
- 7.10%
- 3Y volatility
- 7.83%
- 3Y Sharpe ratio
- -0.30
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
PWZ top 8 holdings
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | MARIN CALIF HEALTHCARE DIST 5% | 2.80% | |
| 2 | SAN DIEGO CALIF UNI SCH DIST 5% | 2.50% | |
| 3 | CALIFORNIA ST UNIV REV 5% | 2.29% | |
| 4 | UNIV CALIF REGTS MED CTR POOLED REV 3.5% | 2.14% | |
| 5 | CALIFORNIA HEALTH FACS FING AUTH REV 4% | 2.06% | |
| 6 | HAYWARD CALIF UNI SCH DIST 4% | 1.62% | |
| 7 | CALIFORNIA ST 5% | 1.35% | |
| 8 | SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | 1.27% |
The top 8 holdings make up 16.0% of the fund (8 holdings in total). As of October 25, 2026.
PWZ bond portfolio
Rate scenarios & peers →- Yield to maturity
- 4.83%
- Effective duration
- 10.61 yrs
- Average maturity
- 21.0 yrs
- Average coupon
- 4.53%
A one-percentage-point rise in interest rates would lower the price by about 10.6%.
About Invesco California AMT-Free Municipal Bond ETF
The fund generally will invest at least 80% of its total assets in the components of the index. The index is composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by California or any U.S. territory and their political subdivisions, in the U.S. domestic market. It is non-diversified.
PWZ ETF FAQ
What is the PWZ expense ratio?
Invesco California AMT-Free Municipal Bond ETF has a net expense ratio of 0.27%, or $27.00 a year for every $10,000 invested.
How much money is in PWZ?
Invesco California AMT-Free Municipal Bond ETF has about $1.20B in net assets.
What are the top holdings of PWZ?
The largest positions in PWZ are MARIN CALIF HEALTHCARE DIST 5% (2.80%), SAN DIEGO CALIF UNI SCH DIST 5% (2.50%), CALIFORNIA ST UNIV REV 5% (2.29%). The fund holds 8 securities in total.
How has PWZ performed?
PWZ returned -1.99% over the past year and -0.51% a year over the past five years, including reinvested distributions.
Does PWZ pay dividends?
PWZ has a dividend yield of 4.13% and pays distributions monthly.
When was PWZ launched?
Invesco California AMT-Free Municipal Bond ETF began trading on October 11, 2007.