Investment objective & strategy
As of Dec. 18, 2025 · prospectusObjective. The Invesco New York AMT-Free Municipal Bond ETF (the Fund) seeks to track the investment results (before fees and expenses) of the ICE BofA New York Long-Term Core Plus Municipal Securities Index (the Underlying Index).
Strategy. The Fund generally will invest at least 80% of its total assets in the components of the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC (the Index Provider) compiles, maintains and calculates the Underlying Index, which is composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by New York or any U.S. territory and their political subdivisions, in the U.S. domestic market. Such securities are exempt from the federal alternative minimum tax (AMT). To be eligible for inclusion in the Underlying Index, such securities must have a term of at least 15 years remaining to final maturity, a fixed coupon schedule, a minimum amount outstanding of $25 million per maturity and must be … The Fund generally will invest at least 80% of its total assets in the components of the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC (the Index Provider) compiles, maintains and calculates the Underlying Index, which is composed of U.S. dollar-denominated, tax-exempt municipal debt publicly issued by New York or any U.S. territory and their political subdivisions, in the U.S. domestic market. Such securities are exempt from the federal alternative minimum tax (AMT). To be eligible for inclusion in the Underlying Index, such securities must have a term of at least 15 years remaining to final maturity, a fixed coupon schedule, a minimum amount outstanding of $25 million per maturity and must be considered investment grade based on an average of ratings by S&P Global Ratings, a division of S&P Global Inc. (S&P), Moodys Investors Service, Inc. (Moodys) and Fitch Ratings Inc. (Fitch). As of October 31, 2025, the Underlying Index was comprised of 1,409 constituents. The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a sampling methodology to seek to achieve its investment objective. The Fund is non-diversified and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, as amended (the 1940 Act). Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NEW YORK ST DORM AUTH REVENUES REGD B/E 5.50000000 | — | $2.38M | 1.80% |
| YANKEE STADIUM LLC AG 3.0% 03-01-49 | — | $1.29M | 0.98% |
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB | — | $1.27M | 0.96% |
| NEW YORK ST DORM AUTH REVENUES REGD B/E 5.00000000 | — | $1.25M | 0.95% |
| NEW YORK ST PWR AUTH REVENUE NYSPWR 11/45 FIXED 4 | — | $1.23M | 0.93% |
| NEW YORK ST PWR AUTH REVENUE | — | $1.17M | 0.89% |
| NEW YORK ST DORM AUTH REVENUES NYSHGR 07/50 FIXED OID 5 | — | $1.17M | 0.89% |
| BATTERY PK REV 5.25% 11/1/55 | — | $1.17M | 0.88% |
| NORTHWELL HEALTH OBLIGATED GROUP 4.0% 05-01-54 | — | $1.07M | 0.81% |
| LONG ISLAND PWR -A | — | $1.05M | 0.80% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VANGUARD NEW YORK TAX-EXEMPT BOND ETF · MUNY | 22% | 0.09% |
| VANGUARD NEW YORK LONG-TERM TAX-EXEMPT FUND · VNYTX, VNYUX | 21% | 0.09% |
| Franklin New York Tax-Free Income Fund · FNYTX, FNYIX, FNYAX, FKTJX, FNYQX | 17% | 0.49% |
Advisers
| Firm | Role |
|---|---|
| Invesco Capital Management LLC | Adviser |
Footnotes
- Expense ratio as of December 18, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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