InvescoMuni Single StatePWZ · NYSE Arca

Invesco California AMT-Free Municipal Bond ETF (PWZ)

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Price: $23.09; —30 Oct 2026
Assets: $1.1B; Total net assets
Expense ratio: 0.28%; Category 0.79%
Yield: 4.07%; Trailing distributions

1Y return: -1.1%-1.2%; Category 0.1%
3Y CAGR: 4.2%+0.1%; Category 4.1%
5Y CAGR: -0.5%-0.5%; Category -0.0%

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Invesco California AMT-Free Municipal Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+3.9%	-2.4%	-2.8%	-1.3%	-1.1%	+4.2%	-0.5%	+1.6%	+3.0%
Muni Single State average	3.4%	-0.9%	-1.3%	-0.3%	0.1%	4.1%	-0.0%	1.6%	1.2%
Difference	+0.5%	-1.6%	-1.5%	-1.0%	-1.2%	+0.1%	-0.5%	0.0%	+1.7%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA5.6%
AA75.7%
A15.1%
BBB3.0%
BB0.6%

Asset mix

Bonds100.0%
Cash0.0%

ETF details

Issuer: Invesco
Category: Fixed Income · Muni Single State
Ticker: PWZ
Exchange: NYSE Arca
Inception: 11 Oct 2007 (19.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.28% (category 0.79%)
Holdings turnover: 5% (category 32%)
Distribution yield: 4.07%
Beta, 3 years: 1.26
Total net assets: $1.1B
Average duration: 4.65 years
Average maturity: 9.39 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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