Skip to Content
Morningstar

Invesco California AMT-Free Muni Bd ETF PWZ

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub

Morningstar’s Analysis PWZ

Will PWZ outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PWZ’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PWZ management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PWZ’s parent organization’s priorities and whether they’re in line with investors’ interests.

Invesco California AMT-Free Muni Bd ETF’s management team is rated Average, but a solid investment process still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PWZ

More PWZ Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARIN CALIF HEALTHCARE DIST 5%

1.23 10.3 Mil
municipal

HAYWARD CALIF UNI SCH DIST 4%

1.18 9.9 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.05 8.7 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

1.05 8.7 Mil
municipal

CALIFORNIA ST 5%

0.98 8.2 Mil
municipal

Cash

0.96 8.0 Mil
Cash and Equivalents

CALIFORNIA HEALTH FACS FING AUTH REV 4%

0.86 7.2 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

0.82 6.9 Mil
municipal

CALIFORNIA ST 5.25%

0.82 6.9 Mil
municipal

CALIFORNIA ST 5%

0.80 6.7 Mil
municipal