PowerShares National AMT-Free Municipal Bond Portfolio (PZA)

24.97
Data as of Aug 22
 +0.05 / +0.20%
Today’s Change
22.35
Today|||52-Week Range
25.01
+8.75%
Year-to-Date

Investment Objective

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the BofA Merrill Lynch National Long-Term Core Plus Municipal Securities Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in municipal securities that comprise the underlying index and that also are exempt from the federal alternative minimum tax.

Performance

1 month+1.23% 3 years+5.57%
3 months+2.48% 5 years+6.29%
1 year+13.75% Since inception+4.56%
Data through 08/23/2014

Quote Details

Previous close$24.92
Open day’s range24.90 – 24.99
Net asset value (NAV)24.83 (08/22/2014)
Daily volume81,716
Average volume (3 months)142,100
Data as of 3:59pm ET, 08/22/2014

Peer Comparisonvs. Muni national long ETFs

 PZACategory
Performance 5-yr return+6.29%+6.25%
Expense Gross exp ratio0.28%0.54%
Risk 5 year sharpe ratio1.020.97
Net assets$658.8M$365.8M
Average market cap--$28.0B
Average P/E----
Dividend / Share--0.09%

Competitors

TFI SPDR Nuveen Barclays Capital Municipal B...
MLN Market Vectors® Long Municipal Index ET...

Holdings

Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Chicago Ill Wastewater Transmi Rev Bd 5%3.97%
-- Miami-Dade Cnty Fla Wtr & Swr Wtr Swr 5%3.43%
-- Jasper Ala Go Wts 5%3.33%
-- Inland Vy Dev Agy Calif Succes Tax Al 5%2.80%
-- North Tex Twy Auth 5.75%2.79%
-- New Jersey St Transn Tr Fd Aut Tran 5.5%2.63%
-- Metropolitan Transn Auth 5%2.18%
-- Puerto Rico Comwlth Pub Impt 5%2.16%
-- Pittsburg Calif Uni Sch Dist 5.5%1.98%
-- New York N Y City Mun Wtr Fin Second 5%1.87%

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