ETF Evaluator: Invesco Zacks Multi-Asset Income ETF () Follow This ETF

Invesco Zacks Multi-Asset Income ETF Overview

Invesco Zacks Multi-Asset Income ETF (CVY) is a passively managed Allocation Aggressive Allocation exchange-traded fund (ETF). Invesco launched the ETF in 2006.

The investment seeks to track the investment results (before fees and expenses) of the Zacks Multi-Asset Income Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index, as well as American depositary receipts ("ADRs") that represent securities in the underlying index. The underlying index is composed of securities that Zacks selects from a universe of domestic and international companies listed on major U.S. exchanges.

About Invesco Zacks Multi-Asset Income ETF (CVY)

There are 3 members of the management team with an average tenure of 7.52 years: Peter Hubbard (2018), Michael Jeanette (2018) and Pratik Doshi (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Zacks Multi-Asset Income TR USD index with a weighting of 100%. Invesco Zacks Multi-Asset Income ETF has 151 securities in its portfolio. The top 10 holdings constitute 11.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Invesco Zacks Multi-Asset Income ETF is part of the Allocation global asset class and is within the Allocation ETF group. Invesco Zacks Multi-Asset Income ETF has 16.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 69.8% There is 13.1% allocated to foreign stock, and 9.9% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 7.0% (3.9% domestic bond, 3.1% foreign bond and 0.0% convertible bond). Invesco Zacks Multi-Asset Income ETF has -0.2% of the portfolio in cash.

Assets Under Management

The fund has $124 million in total assets, which is below the $237 million average for the Aggressive Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

CVY Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Zacks Multi-Asset Income ETF expense ratio is high compared to funds in the Aggressive Allocation category. Invesco Zacks Multi-Asset Income ETF has an expense ratio of 1.21%, which is 35% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Zacks Multi-Asset Income ETF has a portfolio turnover rate of 159%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 85% for the Aggressive Allocation category.

Recently, in the month of July 2026, Invesco Zacks Multi-Asset Income ETF returned 4.9%, which earned it a grade of A, as the Aggressive Allocation category had an average return of 1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Invesco Zacks Multi-Asset Income ETF has a trailing yield of 4.11%, which is below the 5.86% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Invesco Zacks Multi-Asset Income ETF Grades

Year to date, the ETF has returned 15.6%, 5.1 percentage points better than the category, which translates into a grade of A. The fund has returned 21.4% over the past year (grade of A), 14.3% over the past three years (grade of A) and 9.3% per year over the past five years (grade of A) and 8.8% per year over the past 10 years (grade of A).

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