Name of ETF: PowerShares National AMT-Free Municipal Bond Portfolio
Benchmark Index: The BofA Merrill Lynch National Long-Term Core Plus Municipal Securities Index
Ticker Symbol: PZA
ETF Overview:
- Basic Bond Strategy: Tax-free income generation through investing in investment grade long-term municipal bonds.
- Approximate Number of Holdings: 200
- Maturity: The majority of the bonds have maturity dates over twenty years.
- Credit Quality: The overwhelming majority of these bonds have credit ratings of A or higher.
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