Fund · PWZ

Invesco California AMT-Free Municipal Bond ETF

Asset Management · AMEX

Meridian Score

5.3 out of 10 · Average

Each metric is measured against the company's own sector, then ranked across every rated stock. How it works

The six fund grades

Cost
Cost is the expense ratio — the slice of your money the fund takes every year, whether it does well or badly.
7.9
Holdings
Holdings is the Meridian look-through: we score the companies the fund actually owns, position by position, and weight them the way the fund does.
N/A
Trend
Trend is the fund's total return over the last year, dividends included.
2.4
Risk
Risk is how much the fund's price has actually moved about over the past year — its realized volatility.
7.7
Liquidity
Liquidity combines how large the fund is with how much of it changes hands on a normal day.
8.2
Income
Income is what the fund actually paid out over the last twelve months, as a yield on today's price.
7.5

Key figures

Price
$22.20 (-0.38%)
Assets
$1.09B
52-week range
$22.07 – $24.59
Beta
1.26
Data as of
Sep 30, 2026

See the full picture for PWZ: every metric behind each grade, the Meridian Target price range, financials, news and peers.

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The Meridian Score is a general, impersonal quantitative rating for informational and educational purposes only. It is not personalized investment advice, and Meridian is not a registered investment adviser. Figures come from the latest daily build and may lag the market.