# PZA (Invesco National AMT-Free Municipal Bond ETF)

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

PZA tracks an index and returned −4.3% over the past year.

## Key facts

- PZA, total return, 1 year: −4.3%, as of Oct 2, 2026.
- PZA, expense ratio: 0.28%, as of Oct 2, 2026.
- PZA, holdings: 7275, as of Oct 2, 2026.
- PZA, below its high: −8.7%, as of Oct 2, 2026.
- PZA, net assets: $4.1bn (the issuer’s daily holdings, added up, as of Oct 1, 2026).

## PZA over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −8.7% | +3.6% | −12.3 pts | −14.0 pts |
| 6 months | −6.0% | +17.9% | −23.9 pts | −34.4 pts |
| 1 year | −4.3% | +16.2% | −20.5 pts | −28.6 pts |
| 3 years | +7.4% | +89.3% | −81.9 pts | −107.4 pts |
| Since listing | +60.0% | +813.0% | −752.9 pts | −1701.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | not read by ETFIQ | ETFIQ |
| Fund type | Bond fund | ETFIQ |
| Category | Bonds · Municipal, national, long | ETFIQ |
| Expense ratio | 0.28% | 485BPOS XBRL, Dec 18, 2025 |
| Price | $21.31 | ETFIQ |
| Listed since | Jan 4, 2010 | ETFIQ |
| Net assets | $4.1bn | the issuer’s daily holdings, added up, as of Oct 1, 2026 |
| Below its high | −8.7% | ETFIQ |
| Holdings | 7275 | ETFIQ |
| Top ten weight | 1.2% | ETFIQ |
| Holdings published for | Oct 1, 2026 | the issuer’s daily file |

## Questions

### How has PZA performed?

Over the year to Oct 2, 2026, PZA returned −4.3% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is +7.4%.

### What does PZA cost?

The prospectus expense ratio is 0.28% a year.

### How far is PZA below its high?

8.7% below its high of Jul 19, 2021, measured on the reinvested series to Oct 2, 2026.


## Cite this page

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

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