PZA is a Bond ETF from Invesco holding 6664 positions as of May 31, 2026, with $4.2B in assets and a 0.28% net expense ratio. Its largest positions are California (State of) Health Facilities Financing Authority (Kaiser Permanente), Subseries 2017 A-2, RB (0.1%), New York (State of) Dormitory Authority, Series 2024 A, Ref. RB (0.1%) and New York (State of) Dormitory Authority, Series 2020 D, Ref. RB (0.1%); the top 10 holdings account for 1.0% of the portfolio. It yields 3.74% on a trailing-12-month basis.
- Issuer
- Invesco
- Holdings
- 6664
- Net Assets
- $4.2BETF assets as of 2026-08-10
- Expense Ratio
- 0.28%per latest SEC prospectus filing
- TTM Yield
- 3.74%trailing 12-month distributions
Performance
- 1M
- -1.4%
- YTD
- +1.7%
- 1Y
- +7.9%
- 3Y (ann.)
- +3.2%
- 5Y (ann.)
- -0.3%
- 10Y (ann.)
- +1.7%
A $10,000 investment 10 years ago would be worth $11,824 today at the 10Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 | California (State of) Health Facilities Financing Authority (Kaiser Permanente), Subseries 2017 A-2, RB | 0.13% |
| 2 | New York (State of) Dormitory Authority, Series 2024 A, Ref. RB | 0.12% |
| 3 | New York (State of) Dormitory Authority, Series 2020 D, Ref. RB | 0.11% |
| 4 | Salt River Project Agricultural Improvement & Power District, Series 2025 C, RB | 0.10% |
| 5 | Texas Water Development Board, Series 2025, RB | 0.10% |
| 6 | Regents of the University of California Medical Center, Series 2022 P, RB | 0.10% |
| 7 | Regents of the University of California Medical Center, Series 2022 P, RB | 0.10% |
| 8 | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2025, Ref. RB | 0.10% |
| 9 | Texas Transportation Finance Corp., Series 2025, RB | 0.09% |
| 10 | Triborough Bridge & Tunnel Authority, Series 2021 A-1, Ref. RB | 0.09% |
| 11 | California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2021 A, Ref. RB | 0.09% |
| 12 | New York State Urban Development Corp., Series 2020 A, RB | 0.09% |
| 13 | San Diego Unified School District (Election of 2012), Series 2017 I, GO Bonds | 0.09% |
| 14 | Lower Alabama Gas District (The), Series 2016 A, RB | 0.09% |
| 15 | New Jersey (State of) Turnpike Authority, Series 2022 B, RB | 0.09% |
| 16 | Chicago (City of), IL Board of Education, Series 2016, RB | 0.09% |
| 17 | California (State of) Educational Facilities Authority, Series 2025 A, RB | 0.09% |
| 18 | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.09% |
| 19 | California (State of) Educational Facilities Authority (Stanford University), Series 2019 V-1, RB | 0.09% |
| 20 | New York (State of) Dormitory Authority, Series 2024 A, Ref. RB | 0.09% |
| 21 | New Jersey Transportation Trust Fund Authority, Series 2025 AA, RB | 0.09% |
| 22 | Miami-Dade (County of), FL, Series 2019 B, RB | 0.08% |
| 23 | Grand Parkway Transportation Corp., Series 2020, Ref. RB | 0.08% |
| 24 | Metropolitan Washington Airports Authority, Series 2019 B, Ref. RB | 0.08% |
| 25 | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2020, Ref. RB | 0.08% |
Showing the top 25 of 6664 holdings. See the full PZA holdings list →
PZA alternatives
The closest Bond ETFs to PZA by portfolio overlap — the share of weight both funds hold in the same securities.
Frequently Asked Questions
What is PZA's expense ratio?
PZA has a net expense ratio of 0.28%, per its latest SEC prospectus filing. That works out to about $28 a year on a $10,000 investment.
How many holdings does PZA have?
PZA held 6664 positions as of May 31, 2026, per its latest official holdings data.
What are PZA's top 10 holdings?
PZA's largest positions are California (State of) Health Facilities Financing Authority (Kaiser Permanente), Subseries 2017 A-2, RB (0.1%), New York (State of) Dormitory Authority, Series 2024 A, Ref. RB (0.1%), New York (State of) Dormitory Authority, Series 2020 D, Ref. RB (0.1%), Salt River Project Agricultural Improvement & Power District, Series 2025 C, RB (0.1%), Texas Water Development Board, Series 2025, RB (0.1%), Regents of the University of California Medical Center, Series 2022 P, RB (0.1%), Regents of the University of California Medical Center, Series 2022 P, RB (0.1%), Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2025, Ref. RB (0.1%), Texas Transportation Finance Corp., Series 2025, RB (0.1%), Triborough Bridge & Tunnel Authority, Series 2021 A-1, Ref. RB (0.1%). Together they account for 1.0% of the portfolio.
What is PZA's dividend yield?
PZA yields 3.74% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is PZA?
PZA has $4.2B in assets as of Aug 10, 2026.
What are good alternatives to PZA?
By portfolio overlap, the closest Bond ETFs to PZA are VTEB (28% overlap), MUB (19% overlap), CMF (6% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.