# PWZ (Invesco California AMT-Free Municipal Bond ETF)

Invesco · Bond ETFs · Municipal, California, long · data as of Oct 2, 2026

PWZ tracks an index and returned −3.6% over the past year.

## Key facts

- PWZ, total return, 1 year: −3.6%, as of Oct 2, 2026.
- PWZ, expense ratio: 0.28%, as of Oct 2, 2026.
- PWZ, holdings: 1260, as of Oct 2, 2026.
- PWZ, below its high: −8.5%, as of Oct 2, 2026.
- PWZ, net assets: $1.2bn (the issuer’s daily holdings, added up, as of Oct 1, 2026).

## PWZ over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −8.5% | +3.6% | −12.1 pts | −13.8 pts |
| 6 months | −5.7% | +17.9% | −23.6 pts | −34.1 pts |
| 1 year | −3.6% | +16.2% | −19.9 pts | −27.9 pts |
| 3 years | +6.6% | +89.3% | −82.7 pts | −108.2 pts |
| Since listing | +62.4% | +813.0% | −750.6 pts | −1699.5 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | not read by ETFIQ | ETFIQ |
| Fund type | Bond fund | ETFIQ |
| Category | Bonds · Municipal, California, long | ETFIQ |
| Expense ratio | 0.28% | 485BPOS XBRL, Dec 18, 2025 |
| Price | $22.25 | ETFIQ |
| Listed since | Jan 4, 2010 | ETFIQ |
| Net assets | $1.2bn | the issuer’s daily holdings, added up, as of Oct 1, 2026 |
| Below its high | −8.5% | ETFIQ |
| Holdings | 1260 | ETFIQ |
| Top ten weight | 5.5% | ETFIQ |
| Holdings published for | Oct 1, 2026 | the issuer’s daily file |

## Questions

### How has PWZ performed?

Over the year to Oct 2, 2026, PWZ returned −3.6% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is +6.6%.

### What does PWZ cost?

The prospectus expense ratio is 0.28% a year.

### How far is PWZ below its high?

8.5% below its high of Jul 2, 2026, measured on the reinvested series to Oct 2, 2026.


## Cite this page

ETFIQ, PWZ, data as of Oct 2, 2026. https://etfiq.com/funds/pwz
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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