PZA - National AMT-Free Municipal Bond Portfolio

Description: The Index is designed to track the performance of U.S. dollar-denominated, investment grade, insured tax-exempt debt publicly issued by a U.S. state or territory, including Puerto Rico, or their political sub- divisions, in the U.S. domestic market.

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PZA - Profile


Summary Data for PZA

52 Week Lo: $22.10 52 Week Hi: $25.65
AUM: $739.7 M Shares: 29.4 M
Avg. Volume (1 month) 233,539 Avg. Volume (3 month) 174,829
Filings Data as of:

PZA - Holdings

Top Ten Holdings

  1. Sales Tax Asset Receivable Cor Rev Bd 4%: 3.86%
  2. Chicago Ill Wastewater Transmi Rev Bd 5%: 3.55%
  3. Miami-Dade Cnty Fla Wtr & Swr Wtr Swr 5%: 3.07%
  4. Jasper Ala Go Wts 5%: 2.98%
  5. Inland Vy Dev Agy Calif Succes Tax Al 5%: 2.50%
  6. North Tex Twy Auth 5.75%: 2.47%
  7. New Jersey St Transn Tr Fd Aut Tran 5.5%: 2.32%
  8. Metropolitan Transn Auth 5%: 1.97%
  9. Pittsburg Calif Uni Sch Dist 5.5%: 1.76%
  10. New York N Y City Mun Wtr Fin Second 5%: 1.68%
%Assets in Top 10: 26.16%
Total Holdings: 179.0

PZA Asset Allocation


Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 92.84%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 7.16%
Other 0.0%

PZA Bond Sector Breakdown


Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

PZA Bond Detailed Sector Breakdown


Bond Sector Percentage
US Municipal Tax Advantaged 92.84%
Cash And Equivalents 7.16%
Agency Mortgage Backed 0.0%
Future Forward 0.0%
Asset Backed 0.0%
Covered Bond 0.0%
Commercial Mortgage Backed 0.0%
Non Agency Residential Mortgage Backed 0.0%
Sector Swap 0.0%
Preferred 0.0%
Corporate Bond 0.0%
Convertible 0.0%
Bank Loan 0.0%
Option Warrant 0.0%
Municipal Taxable 0.0%
Government Related 0.0%
Government 0.0%

PZA Coupon Breakdown


Coupon Range Percentage
0% to 1% 0.0%
1% to 2% 0.0%
2% to 3% 0.0%
3% to 4% 3.86%
4% to 5% 49.09%
5% to 6% 35.27%
6% to 7% 4.24%
7% to 8% 0.38%
8% to 9% 0.0%
9% to 10% 0.0%
Greater Than 10% 0.0%

PZA Credit Quality


Credit Percentage
AAA 0.69%
AA 97.02%
A 2.2%
BBB 0.09%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 0.0%

PZA Maturity Breakdown


Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 3.82%
15-20 Years 18.24%
20-30 Years 62.88%
30+ Years 7.91%
© 2014 Morningstar Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

PZA - Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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PZA - Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of PZA relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

PZA - Fundamentals

PZA Performance

1 Week Return: -0.71%
2 Week Return: -0.50%
4 Week Return: 0.77%
13 Week Return: 2.48%
26 Week Return: 5.46%
YTD Return: 13.73%
1 Year Return: 13.30%
3 Year Return: 18.85%
5 Year Return: 31.43%

PZA Expenses & Fees

  • Expense Ratio: 0.28%
  • Category: National Munis
  • Category Range: 0.18% to 1.65%
  • Category Average: 0.33%

PZA Valuation

P/E Ratio: n/a
Beta: -0.24
20 Day Moving Average: $25.29
60 Day Moving Average: $24.98

PZA Dividend

Annual Dividend Rate: $1.01
Dividend Date: 2014-10-15
Dividend: $0.08
Annual Dividend Yield %: 4.03%

PZA Volatility

5 Day Volatility: 9.17%
20 Day Volatility: 4.22%
50 Day Volatility: 3.35%
200 Day Volatility: 3.10%
Standard Deviation: 1.00%

PZA - Technicals

PZA Technicals

20 Day MA: $25.29
60 Day MA: $24.98
MACD 15 Period: -0.11
MACD 100 Period: 0.51
Williams % Range 10 Day: 87.50
Williams % Range 20 Day: 65.30
RSI 10 Day: 46
RSI 20 Day: 55
RSI 30 Day: 59
Ultimate Oscillator: 38

PZA Bollinger Bands

Lower Bollinger (10 Day): $25.16
Upper Bollinger (10 Day): $25.60
Lower Bollinger (20 Day): $25.02
Upper Bollinger (20 Day): $25.56
Lower Bollinger (30 Day): $24.75
Upper Bollinger (30 Day): $25.59

PZA Support & Resistance

Support Level 1: n/a
Support Level 2: $25.16
Resistance Level 1: n/a
Resistance Level 2: $25.28

PZA Stochastic

Stochastic Oscillator %D (1 Day): 49.09
Stochastic Oscillator %D (5 Day): 18.73
Stochastic Oscillator %K (1 Day): 42.83
Stochastic Oscillator %K (5 Day): 29.01

PZA Volatility

5 Day Volatility: 9.17%
20 Day Volatility: 4.22%
50 Day Volatility: 3.35%
200 Day Volatility: 3.10%
Standard Deviation: 1.00%

PZA - ETFdb Realtime Rating & Analyst Report

PZA is a passive ETF that seeks to replicate BofA ML National Long-Term Core Plus Municipal Securities Index. The Index is designed to track the performance of U.S. dollar-denominated, investment grade, insured tax-exempt debt publicly issued by a U.S. state or territory, including Puerto Rico, or their political sub- divisions, in the U.S. domestic market.

ETFdb Category Expense Ratio Inception Date Issuer Structure YTD Return *
National Munis 0.28 2007-10-11 Invesco PowerShares ETF +13.73%

PZA Realtime Rating: By Metric

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A
Expenses B
Performance ETFdb Pro Members Only
Volatility ETFdb Pro Members Only
Dividend ETFdb Pro Members Only
Concentration ETFdb Pro Members Only

The first adjacent table gives investors an individual Realtime Rating for PZA on several different metrics, including liquidity, expenses, performance, volatility, dividend, and concentration of holdings. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the National Munis ETFdb Category with the highest Metric Realtime Rating for each individual field.

PZA Realtime Rating: Overall

ETFdb Rating Type Overall Rating A+ Overall Rated ETF
Realtime Rating (Overall) ETFdb Pro Members Only ETFdb Pro Members Only

The second table shows the overall Realtime Rating for PZA, as well as the A+ Overall Rated ETF in PZA's Category. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

ETFdb Analyst Report for PZA

This fund tracks an index of municipal bonds, a slice of the bond market that is highly coveted due to its tax features. These bonds are generally free from federal taxes and in some cases, state and local income taxes as well making these funds crucial components of portfolios for those in high ...

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