About Invesco Exchange-Traded Fund Trust II - Invesco National AMT-Free Municipal Bond ETF (PZA)

The Invesco National AMT-Free Municipal Bond ETF (PZA) is an exchange-traded fund offered by Invesco. This ETF aims to track the investment results of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market. PZA seeks to provide income that is exempt from federal alternative minimum tax (AMT) and from regular federal income tax. It primarily invests in tax-exempt municipal bonds issued by U.S. states, territories, and their political subdivisions, including municipalities, counties, and special purpose districts.

With its focus on AMT-free municipal bonds, PZA offers investors a way to potentially generate tax-exempt income while investing in a diversified portfolio of high-quality municipal bonds. The fund's holdings include bonds from various sectors, such as transportation, utilities, education, and healthcare. By investing in a broad range of issuers, PZA aims to provide diversification and reduce the impact of any one issuer's credit risk on the portfolio's performance.