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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 cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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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

Cash

1.98 16.5 Mil
Cash and Equivalents

MARIN CALIF HEALTHCARE DIST 5%

1.23 10.3 Mil
municipal

HAYWARD CALIF UNI SCH DIST 4%

1.17 9.8 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.05 8.8 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

CALIFORNIA HEALTH FACS FING AUTH REV 4%

0.85 7.1 Mil
municipal

CALIFORNIA ST 5.25%

0.83 6.9 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

0.82 6.8 Mil
municipal

CALIFORNIA ST 5%

0.81 6.7 Mil
municipal