CZA - Invesco Zacks Mid-Cap ETF

Equity - US Equity

Product Details

The Invesco Zacks Mid-Cap ETF (Fund) is based on the Zacks Mid-Cap Core Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index selects securities from a universe of mid-capitalization securities, including master limited partnerships (MLPs) and American depositary receipts (ADRs)and business development companies (BDCs). The Fund and the Index are rebalanced quarterly.

as of 08/31/2019

Morningstar Rating

Overall Rating - Mid-Cap Blend Category

As of 08/31/2019 the Fund had an overall rating of 5 stars out of 363 funds and was rated 5 stars out of 363 funds, 5 stars out of 308 funds and 5 stars out of 227 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2019 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

as of 08/31/2019 06/30/2019


  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Zacks Mid-Cap Core Index 21.74 12.72 14.42 10.13 16.45 10.76
Russell Midcap Index 21.35 7.83 12.16 8.63 15.16 8.31
Zacks Mid-Cap Core Index 20.07 4.47 12.31 9.19 14.98 10.49
Russell Midcap Index 19.57 0.54 10.05 7.94 13.48 8.06
Fund History (%)
Fund NAV 21.31 11.97 13.64 9.43 15.62 9.91
After Tax Held 21.31 11.62 13.04 8.88 15.20 9.54
After Tax Sold 12.62 7.24 10.40 7.18 13.05 8.09
Fund Market Price 21.15 11.77 13.73 9.42 15.65 9.91
Fund NAV 19.46 3.75 11.53 8.49 14.16 9.64
After Tax Held 19.46 3.42 10.94 7.95 13.74 9.27
After Tax Sold 11.52 2.36 8.72 6.41 11.73 7.86
Fund Market Price 19.45 3.79 11.59 8.46 14.16 9.64

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

As the result of a reorganization on April 6, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim.

as of 06/30/2019

Growth of $10,000

Data beginning 10 years prior to the ending date of 06/30/2019. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 09/16/2019

Sector Allocation

as of 09/16/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
INFO IHS Markit Ltd 2.34
DFS Discover Financial Services 2.33
WLTW Willis Towers Watson PLC 2.14
RCL Royal Caribbean Cruises Ltd 2.01
PH Parker-Hannifin Corp 1.98
SWK Stanley Black & Decker Inc 1.87
MTB M&T Bank Corp 1.86
ESS Essex Property Trust Inc 1.85
HIG Hartford Financial Services Group Inc/The 1.84
NTRS Northern Trust Corp 1.83

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/24/2018 12/26/2018 12/31/2018 0.74627 0.74627 - - -
12/26/2017 12/27/2017 12/29/2017 0.72030 0.72030 - - -
12/23/2016 12/28/2016 12/30/2016 1.01560 1.01560 - - -
12/24/2015 12/29/2015 12/31/2015 0.65470 0.65470 - - -
12/24/2014 12/29/2014 12/31/2014 0.36800 0.36800 - - -
12/24/2013 12/27/2013 12/31/2013 0.45700 0.45700 - - -
12/24/2012 12/27/2012 12/31/2012 0.41500 0.41500 - - -
12/23/2011 12/28/2011 12/30/2011 0.07000 0.07000 - - -
12/27/2010 12/29/2010 12/31/2010 0.19500 0.19500 - - -
12/24/2009 12/29/2009 12/31/2009 0.02000 0.02000 - - -
12/24/2008 12/29/2008 12/31/2008 0.16500 0.16500 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Days 0.00-
03/31/2019 61 33 0 0 0 0 0
12/31/2018 63 37 0 0 0 0 0
09/30/2018 63 14 0 0 0 0 0
06/30/2018 64 46 0 0 0 0 0
Year Ended 2018 251 149 0 0 0 0 0
    Bid/Ask Midpoint Below NAV
Days 0.00-
03/31/2019 61 28 0 0 0 0 0
12/31/2018 63 25 1 0 0 0 0
09/30/2018 63 49 0 0 0 0 0
06/30/2018 64 18 0 0 0 0 0
Year Ended 2018 251 101 1 0 0 0 0

Fund Inception: 04/02/2007

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular industry, such as banking, or sector such as, financial, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

Depositary receipts involve many of the same risks as a direct investment in foreign securities, and issuers of certain depositary receipts are under no obligation to distribute shareholder communications to the holders or to pass through to them any voting rights with respect to the deposited securities.

Stocks of medium-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

The fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.

Because the Fund may invest in other investment companies, it's subject to the risks associated with the investment company and its investment performance may depend on the underlying investment company's performance. Moreover, the Fund and its shareholders will incur its pro rata share of the underlying investment companies' expenses, which will reduce the Fund's performance, and the purchase of shares of some investment companies.

Most MLPs operate in the energy sector and are subject to the risks generally applicable to companies in that sector, including commodity pricing risk, supply and demand risk, depletion risk and exploration risk. MLPs are also subject the risk that regulatory or legislative changes could eliminate the tax benefits enjoyed by MLPs which could have a negative impact on the after-tax income available for distribution by the MLPs and/or the value of the portfolio's investments.

The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

Investments in business development companies (“BDCs”) may be subject to certain inherent risks. BDCs, generally invest in less mature private companies, which involve greater risk than well-established, publicly traded companies. The Investment Company Act of 1940 imposes certain restraints upon the operations of a BDC and these limitations may prohibit the way that the BDC raises capital.

Stocks of medium-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

The fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.

REITs are subject to additional risks than general real estate investments. The value of a REIT can depend on the structure and cash flow generated by the REIT. REITs concentrated in a limited number or type of properties, investments or narrow geographic areas are subject to the risks affecting those properties or areas to a greater extent than less concentrated investments. REITs are subject to certain requirements under federal tax law and may have expenses, including advisory and administration expenses. As a result, Fund will incur its pro rata share of the underlying expenses.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

The Russell Midcap Index is an unmanaged index considered representative of mid-cap stocks. The Russell Midcap Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co.

The product is not sponsored, endorsed, sold or promoted by Zacks Investment Research, Inc. ("licensor"). Licensor makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or in the product particularly or the ability of the index to track general market performance. Licensor's only relationship to Invesco Capital Management LLC ("licensee") is the licensing of the index which is determined, composed and calculated by licensor without regard to the licensee or the product. Licensor has no obligation to take the needs of the licensee or the owners of the product into consideration in determining, composing or calculating the index. Licensor shall not be liable to any person for any error in the index nor shall it be under any obligation to advise any person of any error therein.

as of 09/17/2019
4:15 PM EST

Intraday Stats

  • Last Trade $73.38
  • Current IIV $73.38
  • Change -$0.12
  • % Change -0.17%
as of 09/16/2019
  • NAV at market close $73.51

as of 09/16/2019

Fund Yield

  • SEC 30 Day Yield 1.62%
  • Distribution Rate 1.02%
  • 12 Month Distribution Rate 1.02%
  • 30-Day SEC Unsubsidized Yield
    as of 09/16/2019
as of 09/16/2019

Prior Close

  • Closing Price $73.51
  • Bid/Ask Midpoint $73.53
  • Bid/Ask Prem/Disc $0.02
  • Bid/Ask Prem/Disc 0.03%
as of 06/30/2019

Fund Characteristics

  • Price/Earnings Ratio1 17.22
  • Forward Price/Earnings Ratio 16.05
  • Price/Book Ratio1 2.24
  • ROE2 14.42%
  • Avg Market Cap2 $13,740MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker CZA
  • CUSIP # 46137Y401
  • ISIN US46137Y4017
  • Intraday NAV CZAIV
  • Index Ticker ZAXMCTR
  • Index Provider Zacks Investment Research, Inc.
  • Management Fee 0.50%
  • Acquired Fund Fees & Expenses 0.03%
  • Total Expense Ratio 0.77%
  • Net Expense Ratio 0.68%
  • Options No
  • Exchange NYSE Arca
  • Inception Date 04/02/2007
  • # of Holdings 100
    as of 09/16/2019
as of 09/17/2019

Quick Facts

  • Previous Close $73.51
  • Open $73.29
  • Today's High $73.43
  • Today's Low $73.15
  • Today's Volume 16,546
  • 7,828 30-Day Avg Trading
  • 52 Week High $73.61
  • 52 Week Low $56.11
  • Shares Outstanding 3.80MM
  • Market Value $279.3MM