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CVY - Zacks Multi-Asset Income Invesco ETF

Zacks Multi-Asset Income Invesco ETF logoCVY (Zacks Multi-Asset Income Invesco ETF) is an exchange-traded fund that seeks to track the investment results of the Zacks Multi-Asset Income Index. The index includes stocks, closed-end funds, real estate investment trusts (REITs), master limited partnerships (MLPs), preferred stocks, and convertible securities.

The fund has a focus on income generation, aiming to provide investors with exposure to a diversified mix of income-generating asset classes. This can be attractive to investors seeking to generate income in a low-interest rate environment, or for those looking to add diversification to their portfolio beyond traditional equity and fixed-income securities.

As of September 2021, the fund holds over 150 securities, with its top holdings including the Alerian MLP ETF, the PIMCO Dynamic Credit and Mortgage Income Fund, and the AT&T 5.35% Preferred Stock. The fund is well-diversified across sectors, with its largest sector exposure in Financials, followed by Real Estate and Energy.

CVY charges a reasonable expense ratio of 0.72%, which is competitive compared to other similar ETFs in the category. The fund offers a dividend yield of approximately 4%, which can provide attractive income for investors. However, it is important to note that the yield is not guaranteed and may fluctuate over time.

Investors should also be aware that CVY may have higher volatility compared to traditional fixed-income securities due to its exposure to non-traditional income-generating asset classes. As with all investments, it is important to carefully consider your investment objectives, risk tolerance, and financial situation before investing in CVY or any other security.




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