ATLASInvesco New York AMT-Free Municipal Bond ETF (PZT): outlook, holdings and fees
Invesco New York AMT-Free Municipal Bond ETF (PZT) is an exchange-traded fund and is managed by Invesco. The expense ratio is 0.27% and the yield is 4.13%. The ten largest holdings are 23% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PZT
| Last price | $21.30 (+0.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 60% |
| Likely 1-month range (50%) | $21.10 – $21.74 |
| Normal 1-day range (±1σ) | ±0.5% |
| Distribution yield | 4.13% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PZT fund facts
| Issuer | Invesco |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $127M |
| Expense ratio | 0.27% |
| Number of holdings | 9 |
| Portfolio turnover | 0% |
| Inception | Oct 11, 2007 |
| Exchange | NYSE |
The fund generally will invest at least 80% of its total assets in the components of the underlying index. The index is composed of U.S. dollar-denominated, investment grade, tax-exempt debt publicly issued by New York or any U.S. territory and their political subdivisions, in the U.S. domestic market. It is non-diversified.
PZT top holdings
| Holding | Sector | Weight |
|---|---|---|
| NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4% | – | 3.76% |
| NEW YORK ST PWR AUTH GREEN TRANSMISSION PROJ REV 4% | – | 3.66% |
| BATTERY PK CITY AUTH N Y REV 5% | – | 2.79% |
| TRIBOROUGH BRDG & TUNL AUTH NY REVS 5% | – | 2.72% |
| UTILITY DEBT SECURITIZATION AUTH N Y 5% | – | 2.16% |
| NEW YORK N Y 5% | – | 2.08% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% | – | 2.13% |
| LONG ISLAND PWR AUTH N Y ELEC SYS REV 5% | – | 2.12% |
| NEW YORK CONVENTION CTR DEV CORP N Y REV 5% | – | 2.06% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PZT returns and risk
| Year to date | -5.9% |
|---|---|
| 1 year | -5.5% |
| 3 years (annualised) | +2.5% |
| 5 years (annualised) | -1.6% |
| 10 years (annualised) | +0.9% |
| Volatility (3 years) | 8.1% |
| Sharpe ratio (3 years) | -0.23 |
Past returns do not guarantee future results.
PZT: frequently asked questions
What does PZT invest in?
Invesco New York AMT-Free Municipal Bond ETF invests in a portfolio of securities. Its largest holdings are NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4% (3.8%), NEW YORK ST PWR AUTH GREEN TRANSMISSION PROJ REV 4% (3.7%), BATTERY PK CITY AUTH N Y REV 5% (2.8%), TRIBOROUGH BRDG & TUNL AUTH NY REVS 5% (2.7%), UTILITY DEBT SECURITIZATION AUTH N Y 5% (2.2%).
What is the PZT expense ratio?
0.27% a year: about $27.00 for every $10,000 invested.
What is the PZT dividend yield?
4.13%. ATLAS does not hold the exact distribution dates for ETFs.
Will PZT go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 60%, with a likely range (50%) of $21.10 to $21.74 from $21.30 today. It is a probability, not a prediction.
How has PZT performed?
Year to date -5.9%, one year -5.5%, three years +2.5% a year, five years -1.6% a year. Past returns do not guarantee future results.
Similar ETFs: Municipal bonds
- State Street Communication Services Select Sector SPDR ETF (XLC)
- VanEck High Yield Muni ETF (HYD)
- Invesco National AMT-Free Municipal Bond ETF (PZA)
- State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB)
- State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM)
- PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI)
- State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)
- Franklin Dynamic Municipal Bond ETF (FLMI)
Educational information, not investment advice. Disclaimer