The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PZA’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PZA management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PZA’s parent organization’s priorities and whether they’re in line with investors’ interests.
Long-term tax-exempt income at a low price tag.
Lan Anh Tran
Analyst
Summary
Invesco National AMT-Free Municipal Bond ETF PZA is an affordable choice for investors seeking tax-exempt income at the long end of the yield curve.