This paper proposes an improved zero-voltageswitching pulsewidth-modulation (ZVS PWM) three-level converter, which is improved from the original ZVS PWM three-level converter by merely exchanging the position of the resonant inductance and the transformer, such that the transformer is connected with the lagging switches. The improved converter has several advantages over the original, e.g., the clamping diodes conduct only once in a switching period, and the resonant inductance current is smaller in zero state, leading to a higher efficiency and reduced duty-cycle loss. A blocking capacitor is usually introduced to the primary side to prevent the transformer from saturating. This paper analyzes the effects of the blocking capacitor in different positions, and a best scheme is determined. A 2.5-kW prototype converter verifies the effectiveness of the improved converter and the best scheme for the blocking capacitor.