Insured NY Municipal Bond Portfolio ETF (PZT)

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Insured NY Municipal Bond Portfolio ETF (PZT)

Overview

The PowerShares Insured New York Municipal Bond Portfolio (Fund) is based on the BofA Merrill Lynch New York Insured Long-Term Core Plus Municipal Securities Index (Index). The Fund will normally invest at least 80% of its total assets in securities that comprise the Index and generally expects to invest at least 90% of its total assets. The Index is designed to track the performance of AAA-rated, insured, tax-exempt, long-term debt publicly issued by New York or Puerto Rico or their political subdivisions.


Fund Characteristics

  • Average Duration - 8.18
  • Average Credit Quality - Aa3/AA+
  • Average Maturity - 7/7/2035
  • Average Coupon - 5.19

[1]

Fund Information

  • Fund Manager: InvescoPowerShares [2]
  • Inception Date: 10/11/2007
  • Exchange: NYSE Arca
  • Ticker: PZT
  • Expense Ratio: 0.35%

[3]

Top Holdings

' Coupon Rate Maturity Date Rating Weight
SALES TAX ASSET RECEIVABLE 5% 10/15/20325.00%10/15/2032AAA/Aa36.17%
NEW YORK CONVENTION CTR DEV 5% 11/15/20445.00%11/15/2044A/A24.23%
NEW YORK NY CITY INDL DEV AGY REV 7.00% 03/01/20497.00%3/1/2049AAA/Aa23.47%
NEW YORK CITY INDL DEV AGY REV QUEENS BASEBALL6.50%1/1/2046AAA/Aa23.35%
TRIBOROUGH BRDG & TUNL AUTH N 5% 11/15/20325.00%11/15/2032A+/Aa33.34%
NEW YORK CITY WTR FIN MUNI 6.00% 06/15/20406.00%6/15/2040AA+/Aa33.30%
NASSAU CNTY NY SWR & STORM MUNI 5.375% 11/01/2028 5.38%11/1/2028AAA/Aa13.24%
LONG ISLAND POWER AUTH NY ELEC SYS 5.5% 05/01/20335.50%5/1/2033AAA/Aa13.24%
NEW YORK STATE DORM AUTH REV 5% 07/01/20395.00%7/1/2039AA/Aa13.15%
PORT AUTH NY&NJ CONS 148 5% 08/15/20335.00%8/15/2033AAA/Aa33.12%

As of 10/19/2009


References

  1. Insured NY Municipal Bond Portfolio ETF (PZT)
  2. InvescoPowerShares
  3. Insured NY Municipal Bond Portfolio ETF (PZT) Fund Information
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