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PowerShares National AMT-Free Municipal Bond Portfolio ETF (PZA)

- NYSEARCA

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PZA Description
The PowerShares National AMT-Free Municipal Bond Portfolio (Fund) is based on The BofA Merrill Lynch National 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 US. states and territories, 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
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