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PWZ
  PowerShares California AMT-Free Municipal Bond Portfolio ETF - NYSEARCA

11/27/2014, 10:57 AM ET
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PWZ Description
The PowerShares California AMT-Free Municipal Bond Portfolio (Fund) is based on the BofA Merrill Lynch California Long-Term Core Plus Municipal Securities Index (Index). The Fund generally will invest at least 80% of its total assets in municipal securities that comprise the Index and that also are exempt from the federal alternative minimum tax. The Index is composed of US dollar-denominated, investment grade, tax-exempt debt publicly issued by California or any US territory, or their political subdivisions, in the US domestic market with a term of at least 15 years remaining to final maturity. The Index is adjusted monthly and its constituents are capitalization-weighted based on their current amount outstanding. The Fund and the Index are rebalanced and reconstituted monthly.
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Country: United States
Key Info
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