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Invesco California AMT-Free Municipal Bond ETF (PWZ)
USD24.41
-0.03 (-0.12%)
AMEX USD US Fixed Income
NAV
USD 24.38
+0.12% vs NAV
as of 2026-07-13
AUM
USD 1.16B
TER
0.28%
Yield (TTM)
3.60%
Distribution
Distributing · Monthly
52-week range
22.79 – 24.59
Holdings
1,188
Issuer
Invesco
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").
ISIN
US46138E2063
Issuer
Invesco
Domicile
US
Inception
2007-10-11
Asset class
Fixed Income
Price
Top 10 holdings
| USD Pending Dividends | 1.04% |
| California Health Facilities Financing Authority 4.00% 11/01/2044 | 0.74% |
| California Health Facilities Financing Authority 4.00% 08/15/2048 | 0.65% |
| Regents of the University of California Medical Center Pooled Revenue 5.00% 05/15/2047 | 0.61% |
| California Educational Facilities Authority 5.00% 10/01/2055 | 0.57% |
| Regents of the University of California Medical Center Pooled Revenue 4.00% 05/15/2053 | 0.54% |
| California Educational Facilities Authority 5.00% 05/01/2049 | 0.54% |
| Los Angeles Unified School District/CA 4.00% 07/01/2044 | 0.48% |
| Foothill-Eastern Transportation Corridor Agency 4.00% 01/15/2046 | 0.44% |
| San Diego Community College District 5.00% 08/01/2055 | 0.42% |
Sector mix
Price chart
USD24.41
-0.03 (-0.12%)
Loading historical data…
Returns
| 1 month | +0.33% |
| 3 months | +0.66% |
| 6 months | +0.78% |
| Year to date | +1.03% |
| 1 year | +4.99% |
| 3 years (ann.) | -0.11% |
| 5 years (ann.) | -2.80% |
| 10 years (ann.) | -0.99% |
Risk profile
| Volatility (1y, ann.) | 4.45% |
| Sharpe (1y) | 1.12 |
| Sharpe (3y) | 0.02 |
| Sortino (1y) | 1.62 |
| Max drawdown (1y) | -3.78% |
| Max drawdown (5y) | -20.25% |
| Max drawdown (full) | -24.70% |
| Beta vs S&P 500 (1y) | 0.09 |
| Correlation vs S&P 500 (1y) | 0.26 |
Technical outlook as of 2026-07-13
Day Score (bias 0-100, not a probability)
42
P(gain) 22 sessions — probability
49%
VaR 95% (daily)
-0.53%
CVaR 95% (daily)
-0.89%
GARCH vol forecast (22d)
—
Market regime (Markov)
Lateral
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Top-10 concentration
6.0%
Effective holdings
614
Disclosed positions
1,188
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Loading map…
Cost vs. peers
PWZ
0.28%
Fixed Income median
0.20%
Cheapest in class BKAG
0.00%
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-22 | 2026-06-26 | USD 0.0737 |
| 2026-05-18 | 2026-05-22 | USD 0.0778 |
| 2026-04-20 | 2026-04-24 | USD 0.0777 |
| 2026-03-23 | 2026-03-27 | USD 0.0780 |
| 2026-02-23 | 2026-02-27 | USD 0.0755 |
| 2026-01-20 | 2026-01-23 | USD 0.0770 |
| 2025-12-22 | 2025-12-26 | USD 0.0749 |
| 2025-11-24 | 2025-11-28 | USD 0.0750 |
| 2025-10-20 | 2025-10-24 | USD 0.0694 |
| 2025-09-22 | 2025-09-26 | USD 0.0656 |
| 2025-08-18 | 2025-08-22 | USD 0.0673 |
| 2025-07-21 | 2025-07-25 | USD 0.0671 |
| 2025-06-23 | 2025-06-27 | USD 0.0660 |
| 2025-05-19 | 2025-05-23 | USD 0.0702 |
| 2025-04-21 | 2025-04-25 | USD 0.0688 |
| 2025-03-24 | 2025-03-28 | USD 0.0687 |
| 2025-02-24 | 2025-02-28 | USD 0.0645 |
| 2025-01-21 | 2025-01-24 | USD 0.0672 |
| 2024-12-23 | 2024-12-27 | USD 0.0630 |
| 2024-11-18 | 2024-11-22 | USD 0.0644 |
| 2024-10-21 | 2024-10-25 | USD 0.0692 |
| 2024-09-23 | 2024-09-27 | USD 0.0805 |
| 2024-08-19 | 2024-08-23 | USD 0.0647 |
| 2024-07-22 | 2024-07-26 | USD 0.0696 |
| 2024-06-24 | 2024-06-28 | USD 0.0685 |
| 2024-05-20 | 2024-05-24 | USD 0.0672 |
| 2024-04-22 | 2024-04-26 | USD 0.0671 |
| 2024-03-18 | 2024-03-22 | USD 0.0660 |
| 2024-02-20 | 2024-02-23 | USD 0.0648 |
| 2024-01-22 | 2024-01-26 | USD 0.0660 |
| 2023-12-18 | 2023-12-22 | USD 0.0683 |
| 2023-11-20 | 2023-11-24 | USD 0.0611 |
| 2023-10-23 | 2023-10-27 | USD 0.0586 |
| 2023-09-18 | 2023-09-22 | USD 0.0597 |
| 2023-08-21 | 2023-08-25 | USD 0.0595 |
| 2023-07-24 | 2023-07-28 | USD 0.0587 |
| 2023-06-20 | 2023-06-23 | USD 0.0562 |
| 2023-05-22 | 2023-05-26 | USD 0.0583 |
| 2023-04-24 | 2023-04-28 | USD 0.0582 |
| 2023-03-20 | 2023-03-24 | USD 0.0579 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.01% | -0.82% | -0.19 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.03% | -0.76% | -0.17 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.52% | -2.72% | -0.64 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.05% | 0.05 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.54% | -0.18 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -1.02% | -0.48 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.86% | -1.04% | -0.22 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.27% | -1.28% | -0.28 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.47% | -0.85% | -0.36 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.89% | -1.50% | -0.41 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |
