About Invesco California AMT-Free Municipal Bond ETF (PWZ)

The Invesco California AMT-Free Municipal Bond ETF (PWZ) is an exchange-traded fund that aims to track the investment results of the Invesco California AMT-Free Municipal Index. The fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the municipal bonds in the index. PWZ focuses on providing a high level of tax-free income by investing in investment-grade municipal bonds issued by California municipalities.

PWZ offers investors exposure to a diversified portfolio of California municipal bonds, which can provide tax-free income to California residents. Municipal bonds are debt securities issued by state and local governments to fund public projects, such as schools, highways, and infrastructure. The interest income generated by these bonds is exempt from federal income tax and may also be exempt from California state income tax and the Alternative Minimum Tax (AMT). This tax advantage makes PWZ an attractive investment option for individuals seeking tax-efficient income.