This ETF offers exposure to the municipal bond market, specifically focusing in on notes that are issued by municipalities in the state of New York. As a result, the fund is likely to be heavily influenced by any New York specific events, budget dealings, or political changes in the region. Muni investing in New York is an interesting proposition as it offers investors a nice mix of urban, suburban, and rural projects, offering immense diversification in a relatively small area. PZT offers a similar focus to its counterparts in the Category but it only tracks the best quality bonds on the market. This PowerShares fund only holds AAA-rated securities that are insured and tax-exempt. While this strategy undoubtedly decreases the default risk as well as the coupon payment, it greatly cuts down on the number of total holdings as well; PZT only holds 35 securities in total. PZT could be a good fund for investors looking for higher levels of muni exposure with virtually no risk but most would probably be better served by buying into a broader fund instead.
The adjacent table gives investors an individual Realtime Rating for PZT on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the New York Munis with the highest Metric Realtime Rating for each individual field. 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.
View the Category ReportMetric | Metric Realtime Rating | A+ Metric Rated ETF |
---|---|---|
Liquidity | A | PZT |
Expenses | A- | NYF |
Performance | ||
Volatility | ||
Dividend | ||
Concentration |
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
Asset | Percentage |
---|---|
Municipal debt | 99.03% |
ETF Cash Component | 0.97% |
Bond Sector | Percentage |
---|---|
Municipal | 99.03% |
ETF Cash Component | 0.97% |
Bond Sector | Percentage |
---|---|
Municipal Bond | 99.03% |
Other | 0.97% |
Coupon Range | Percentage |
---|---|
0% to 1% | 0.0% |
1% to 2% | 0.0% |
2% to 3% | 0.0% |
3% to 4% | 3.22% |
4% to 5% | 5.41% |
5% to 6% | 82.97% |
6% to 7% | 4.13% |
7% to 8% | 3.29% |
8% to 9% | 0.0% |
9% to 10% | 0.0% |
Greater Than 10% | 0.0% |
ETF Cash Component | 0.97% |
Credit | Percentage |
---|---|
AAA | 10.63% |
AA | 46.85% |
A | 32.05% |
BBB | 7.12% |
BB | 0.0% |
B | 2.38% |
Below B | 0.0% |
Not Rated | 0.0% |
ETF Cash Component | 0.97% |
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 | 1.83% |
15-20 Years | 22.66% |
20-30 Years | 65.36% |
30+ Years | 9.17% |
ETF Cash Component | 0.97% |
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is currently available for commission free trading on the following platforms: (Charles Schwab)
There are 13 other ETFs in the New York Munis ETFdb.com Category that are also eligible for commission free trading:
PZT does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
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 PZT relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.
This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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.