PWZ – Invesco California AMT-Free Muni Bd ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the investment results (before fees and expenses) of the ICE BofAML California Long-Term Core Plus Municipal Securities Index. The fund generally will invest at least 80% of its total assets in the components of the index. The index is composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by California or any U.S. territory and their political subdivisions, in the U.S. domestic market. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PWZ	Invesco California AMT-Free Municipal Bond ETF	ETF	Open			Oct 11, 2007	$1.20B	0.280%	—	—	$104.70M

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