PWZ Invesco California AMT-Free Municipal Bond ETF
Quote as of Oct 09, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 22.19 | Day Range | 22.26 – 22.39 |
| 52-Week Range | 22.03 – 24.59 | Volume | 1.41M |
| Avg Volume | 628.73K | AUM | $1.11B (Oct 10, 2026) |
| Expense Ratio | 0.28% | Yield (TTM) | 4.08% |
| NAV | 22.13 | Premium/Discount | +0.59% indicative |
| Inception | Oct 11, 2007 | Holdings | 1274 |
| Issuer | Invesco | Exchange | AMEX |
| Category | Municipal Bonds | Index Tracked | Not stated in source data |
| CUSIP | 46138E206 | ISIN | US46138E2063 |
| Management | Passive / index-tracking (per issuer description) | ||
About this ETF
The Fund seeks to track the investment results of the ICE BofAML California Long-Term Core Plus Municipal Securities Index. The Fund generally will invest at least 80% of its total assets in municipal securities that comprise the Underlying Index and that also are exempt from the federal alternative minimum tax ("AMT").
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -4.38% | -8.92% | -8.21% | -7.86% | -7.29% | -1.55% | -4.27% | -1.66% | -0.62% |
| Total return | -4.38% | -8.62% | -7.06% | -5.84% | -4.38% | +1.66% | -1.39% | +1.06% | +2.75% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.28% | Annual cost of a $10,000 investment | $28.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 1275 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | USD Pending Dividends | — | 1.23% | 0 | $13.8M |
| 2 | California Health Facilities Financing… | — | 0.83% | 10.82M | $9.3M |
| 3 | Regents of the University of California Medical… | — | 0.62% | 7.04M | $7.0M |
| 4 | California Health Facilities Financing… | — | 0.59% | 8.14M | $6.7M |
| 5 | CASH & EQUIVALENTS | — | 0.57% | 6.42M | $6.4M |
| 6 | California Health Facilities Financing… | — | 0.54% | 6.30M | $6.0M |
| 7 | Regents of the University of California Medical… | — | 0.51% | 7.08M | $5.8M |
| 8 | California Educational Facilities Authority… | — | 0.51% | 5.75M | $5.7M |
| 9 | California Educational Facilities Authority… | — | 0.48% | 5.52M | $5.4M |
| 10 | University of California 5.00% 05/15/2053 | — | 0.46% | 5.22M | $5.2M |
| 11 | Los Angeles Unified School District/CA 4.00%… | — | 0.43% | 5.58M | $4.9M |
| 12 | Foothill-Eastern Transportation Corridor Agency… | — | 0.42% | 5.58M | $4.7M |
| 13 | University of California 5.00% 05/15/2052 | — | 0.39% | 4.38M | $4.3M |
| 14 | San Diego Community College District 5.00%… | — | 0.38% | 4.33M | $4.3M |
| 15 | San Francisco City & County Public Utilities… | — | 0.37% | 4.29M | $4.2M |
| 16 | San Francisco Bay Area Rapid Transit District… | — | 0.36% | 4.62M | $4.1M |
| 17 | City of San Francisco CA Public Utilities… | — | 0.36% | 4.15M | $4.0M |
| 18 | Los Angeles Unified School District/CA 5.25%… | — | 0.35% | 3.96M | $4.0M |
| 19 | California Educational Facilities Authority… | — | 0.35% | 3.90M | $3.9M |
| 20 | Los Angeles Unified School District/CA 5.25%… | — | 0.33% | 3.69M | $3.7M |
| 21 | California Educational Facilities Authority… | — | 0.33% | 3.56M | $3.7M |
| 22 | California Health Facilities Financing… | — | 0.31% | 3.53M | $3.5M |
| 23 | Southern California Public Power Authority… | — | 0.31% | 3.56M | $3.5M |
| 24 | California State Public Works Board 5.00%… | — | 0.29% | 3.33M | $3.3M |
| 25 | Bay Area Toll Authority 4.00% 04/01/2042 | — | 0.28% | 3.62M | $3.2M |
Click a ticker to see every ETF that owns it.
Sector Exposure
Distributions
| Yield (TTM) | 4.08% | Paid (last 12 months) | $0.9086 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 21, 2026 | Last payment | $0.0727 (Sep 25, 2026) |
| Growth 1Y | +13.31% | Growth 3Y / 5Y (ann.) | +9.38% / +6.91% |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 21, 2026 | Sep 21, 2026 | Sep 25, 2026 | $0.0727 |
| Aug 24, 2026 | Aug 24, 2026 | Aug 28, 2026 | $0.0786 |
| Jul 20, 2026 | Jul 20, 2026 | Jul 24, 2026 | $0.0784 |
| Jun 22, 2026 | Jun 22, 2026 | Jun 26, 2026 | $0.0737 |
| May 18, 2026 | May 18, 2026 | May 22, 2026 | $0.0778 |
| Apr 20, 2026 | Apr 20, 2026 | Apr 24, 2026 | $0.0776 |
| Mar 23, 2026 | Mar 23, 2026 | Mar 27, 2026 | $0.0780 |
| Feb 23, 2026 | Feb 23, 2026 | Feb 27, 2026 | $0.0755 |
| Jan 20, 2026 | Jan 20, 2026 | Jan 23, 2026 | $0.0770 |
| Dec 22, 2025 | Dec 22, 2025 | Dec 26, 2025 | $0.0749 |
| Nov 24, 2025 | Nov 24, 2025 | Nov 28, 2025 | $0.0750 |
| Oct 20, 2025 | Oct 20, 2025 | Oct 24, 2025 | $0.0694 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 4.83% / 6.61% | Sharpe 1Y / 3Y | -1.73 / -0.327 |
| Max drawdown 1Y / 3Y | -9.68% / -9.68% | Sortino 1Y | -2.17 |
| Beta vs S&P 500 (3Y) | 0.117 | Correlation vs S&P 500 (1Y) | 0.332 |
| Downside deviation 1Y | 3.85% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 10, 2026. Formulas →
Liquidity
| Volume today | 1.41M | Average volume | 628.73K |
| AUM | $1.11B | Premium/Discount | +0.59% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$25.2M | -2.21% | $1.14B → $1.11B |
| 1 Month | -$57.0M | -4.70% | $1.21B → $1.11B |
| 1 Week | -$44.5M | -3.85% | $1.16B → $1.11B |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for PWZ
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.