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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.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
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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.
View charts featuring ETF fund flow data.5 Day Net Flows: 0 1 Month Net Flows: 1.31 M 3 Month Net Flows: 5.18 M 6 Month Net Flows: 10.3 M 1 Year Net Flows: 14.15 M 3 Year Net Flows: 35.82 M 5 Year Net Flows: 54.44 M 10 Year Net Flows: 63.66 M
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.
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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