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

PZA · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/pza

## Price

Last close $21.59 on Oct 15, 2026. 52-week range $21.15 – $23.60.

## Fund profile

PZA tracks an index of investment grade, tax-exempt debt publicly issued by a US state with at least 15 years remaining to maturity.

| Metric | Value |
| --- | --- |
| Issuer | Invesco Capital Management LLC |
| Industry | — |
| Inception | Oct 11, 2007 |
| Assets under management | $4.1B |
| Expense ratio | 0.28% |
| Net asset value | $21.54 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

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

PZA tracks an index of investment grade, tax-exempt debt publicly issued by a US state with at least 15 years remaining to maturity.

### What is PZA's expense ratio?

Invesco National AMT-Free Municipal Bond ETF charges an annual expense ratio of 0.28%. The fund is issued by Invesco Capital Management LLC.

### How large is PZA?

Invesco National AMT-Free Municipal Bond ETF manages $4.1B in assets and has traded since Oct 11, 2007.

### How do I buy shares of Invesco National AMT-Free Municipal Bond ETF (PZA)?

PZA trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).