PZA · ARCA · ETF
Invesco National AMT-Free Municipal Bond ETFo (PZA) Price, Holdings & Fees
Invesco National AMT-Free Municipal Bond ETFo (PZA) closed at $300.93 on Oct 9, 2026, up 0.36% from the previous close of $299.85.
Share price, past year
1Y −5.88%Monthly closing prices
| Date | Close |
|---|---|
| Oct 9, 2026 | $300.93 |
| Sep 30, 2026 | $306.85 |
| Aug 31, 2026 | $289.89 |
| Jul 31, 2026 | $280.54 |
| Jun 30, 2026 | $301.93 |
| May 29, 2026 | $311.04 |
| Apr 30, 2026 | $321.37 |
| Mar 31, 2026 | $322.90 |
| Feb 27, 2026 | $299.96 |
| Jan 30, 2026 | $296.82 |
| Dec 31, 2025 | $294.62 |
| Nov 28, 2025 | $313.30 |
| Oct 31, 2025 | $304.21 |
Key statistics
- Expense ratio
- 0.28%
- as of Dec 31, 2025
- Net assets
- $4.1B
- as of May 31, 2026
- Holdings
- 6,664
- as of May 31, 2026
- 52-week range
- $277.04 – $325.58
Invesco National AMT-Free Municipal Bond ETFo's expense ratio is 0.28%: $28.00 a year on $10,000 invested.
Holdings
Invesco National AMT-Free Municipal Bond ETFo held 6,664 investments worth $4.15B as of May 31, 2026. Its largest holding was California (State of) Health Facilities Financing Authority (Kaiser Permanente), at 0.13% of the fund.
| # | Holding | % of fund | Value |
|---|---|---|---|
| 1 | California (State of) Health Facilities Financing Authority (Kaiser Permanente) | 0.13% | $5.54M |
| 2 | New York (State of) Dormitory Authority | 0.12% | $4.83M |
| 3 | New York (State of) Dormitory Authority | 0.11% | $4.50M |
| 4 | Salt River Project Agricultural Improvement & Power District | 0.10% | $4.26M |
| 5 | Texas Water Development Board | 0.10% | $4.25M |
| 6 | Regents of the University of California Medical Center | 0.10% | $4.17M |
| 7 | Regents of the University of California Medical Center | 0.10% | $4.09M |
| 8 | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group) | 0.10% | $4.02M |
| 9 | Texas Transportation Finance Corp. | 0.09% | $3.94M |
| 10 | Triborough Bridge & Tunnel Authority | 0.09% | $3.93M |
| 11 | California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center) | 0.09% | $3.90M |
| 12 | New York State Urban Development Corp. | 0.09% | $3.87M |
| 13 | San Diego Unified School District (Election of 2012) | 0.09% | $3.80M |
| 14 | Lower Alabama Gas District (The) | 0.09% | $3.73M |
| 15 | New Jersey (State of) Turnpike Authority | 0.09% | $3.69M |
| 16 | Chicago (City of), IL Board of Education | 0.09% | $3.61M |
| 17 | California (State of) Educational Facilities Authority | 0.09% | $3.60M |
| 18 | Jefferson (County of), AL | 0.09% | $3.58M |
| 19 | California (State of) Educational Facilities Authority (Stanford University) | 0.09% | $3.58M |
| 20 | New York (State of) Dormitory Authority | 0.09% | $3.54M |
| 21 | New Jersey Transportation Trust Fund Authority | 0.09% | $3.53M |
| 22 | Miami-Dade (County of), FL | 0.08% | $3.52M |
| 23 | Grand Parkway Transportation Corp. | 0.08% | $3.48M |
| 24 | Metropolitan Washington Airports Authority | 0.08% | $3.45M |
| 25 | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion) | 0.08% | $3.43M |
Top 25 of 6,664 holdings, as of May 31, 2026. Percentages are of the fund's net assets.
What the fund owns
| Asset type | % of fund |
|---|---|
| Bonds and other debt | 95.79% |
| Country | % of fund |
|---|---|
| United States | 95.79% |
Shares of net assets from the fund's N-PORT report. Funds that borrow can add up to more than 100%, with borrowing (such as repurchase agreements) shown as a negative share.
Monthly total returns
Over the 3 months to May 31, 2026, Invesco National AMT-Free Municipal Bond ETFo's total return was −0.34%, as reported to the SEC.
| Month | Total return |
|---|---|
| May 31, 2026 | +0.53% |
| Apr 30, 2026 | +1.53% |
| Mar 31, 2026 | −2.37% |
The fund's own total returns as reported to the SEC (N-PORT), including reinvested distributions. Not the sample prices above.
Fund profile
- Name
- Invesco National AMT-Free Municipal Bond ETFo
- Ticker
- PZA
- Exchange
- ARCA
- Fund type
- ETF
- Trust
- Invesco Exchange-Traded Fund Trust II
- SEC series ID
- S000019245
- SEC CIK
- 0001378872
- Fractional shares
- Yes
Recent SEC filings
- Jul 29, 2026
- 485BPOSProspectus updateSep 15, 2026
- Jul 6, 2026
- May 4, 2026
- 485BPOSProspectus updateMar 6, 2026
- 485BPOSProspectus updateFeb 26, 2026
- 485BPOSProspectus updateFeb 20, 2026
- 485BPOSProspectus updateFeb 18, 2026
Shareholder reports and prospectuses are filed by Invesco Exchange-Traded Fund Trust II, the trust behind Invesco National AMT-Free Municipal Bond ETFo, and cover all of its funds.
Frequently asked questions
What is PZA's price?
Invesco National AMT-Free Municipal Bond ETFo (PZA) closed at $300.93 on Oct 9, 2026, up 0.36% from the previous close of $299.85.
What is PZA's expense ratio?
Invesco National AMT-Free Municipal Bond ETFo's expense ratio is 0.28%: $28.00 a year on $10,000 invested.
What does PZA hold?
Invesco National AMT-Free Municipal Bond ETFo held 6,664 investments worth $4.15B as of May 31, 2026. Its largest holding was California (State of) Health Facilities Financing Authority (Kaiser Permanente), at 0.13% of the fund. Its five largest holdings were California (State of) Health Facilities Financing Authority (Kaiser Permanente), New York (State of) Dormitory Authority, New York (State of) Dormitory Authority, Salt River Project Agricultural Improvement & Power District, Texas Water Development Board.
How has PZA performed?
Over the 3 months to May 31, 2026, Invesco National AMT-Free Municipal Bond ETFo's total return was −0.34%, as reported to the SEC.
Sources and methodology
Holdings, net assets and monthly returns come from the fund's N-PORT filing with the SEC, as of May 31, 2026 (filed Jul 29, 2026). The expense ratio is from the fund's prospectus or shareholder report, as of Dec 31, 2025. Prices are generated sample data for development. Data sources and disclosures