Key stats
About Invesco Zacks Multi-Asset Income ETF
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Inception date
Sep 21, 2006
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46137Y5006
CVY aims to provide equity income and outperform the Dow Jones US Select Dividend index. The fund`s index attempts to identify securities with potentially high income and favorable risk/return profiles as determined by Zack`s Investment Research a proprietary research methodology that vaguely states multiple factors such dividend yield and risk adjusted returns. Note that the multi-asset, in the fund`s name has a narrow meaning here, and can include REITs, MLPs and preferred stock, but not bonds. The Fund and the Index are rebalanced quarterly. A reorganization after the close of business on Apr. 6, 2018 made CVY the successor to the Guggenheim Multi-Asset Income ETF.
Related funds
Classification
What's in the fund
Exposure type
Finance
Energy Minerals
Corporate
Stocks80.03%
Finance35.78%
Energy Minerals10.16%
Industrial Services6.69%
Process Industries4.28%
Health Technology2.98%
Producer Manufacturing2.67%
Technology Services2.49%
Retail Trade2.43%
Distribution Services2.17%
Transportation2.08%
Miscellaneous1.97%
Consumer Durables1.40%
Health Services1.32%
Non-Energy Minerals1.26%
Consumer Non-Durables0.99%
Commercial Services0.99%
Consumer Services0.34%
Bonds, Cash & Other19.97%
Corporate10.17%
Mutual fund9.83%
Cash−0.02%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CVY assets under management is 116.43 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CVY invests in stocks. See more details in our Analysis section.
CVY expense ratio is 1.21%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CVY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, CVY pays dividends to its holders with the dividend yield of 3.57%.
CVY shares are issued by Invesco Ltd.
CVY follows the Zacks Multi-Asset Income (TR). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 21, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.