Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Invesco Zacks Multi-Asset Income ETF
$28.96+0.09 (+0.32%)
- 1.15%
- $118M
- +16.4%
- 4.03%
- 0M sh
- $28.81
- low $25.81high $30.86
The ETF.net CVY Grade
C
Score 54 out of 100
- 8 of 15
Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F21 out of 100Rank 12 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D34 out of 100Rank 13 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D39 out of 100Rank 11 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A83 out of 100Rank 2 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 2 of 15
Our read on CVY
CLive since 2006, CVY is one of the original multi-asset income ETFs: a Zacks index sweeps US and international income payers into roughly 150 holdings, and the fund pays quarterly. It carries a higher fee than most allocation ETFs.
The Fund is based on the Zacks Multi-Asset Income Index and invests at least 90% of its assets in securities and depositary receipts included in that Index.
Why people hold it
- Nearly two decades of live history. It launched in 2006, long before most of today's allocation ETFs existed.
- One ticker, many income sources: the Zacks index reaches across US and international securities and depositary receipts, roughly 150 positions deep.invesco.com
- Does exactly what the label says: at least 90% of assets sit in index constituents, and it has tracked that index very closely.invesco.com
- Pays on a quarterly cadence and lands in the upper half of a crowded allocation peer group on our overall read.
Worth knowing
- Cost is the headline trade-off: 1.22% a year, meaningfully above the typical fund in its allocation category.
- It trades thinly on a modest asset base, so spreads can run wider than at core allocation giants like AOA.
- The index chases income across asset types, so the resulting mix can look nothing like a plain stock-and-bond blend.
CVY Holdings
- Stocks
- 153
- 11%
- INTR
Sectors
- Financials37.8%
- Energy21.8%
- Real Estate13.6%
- Materials8.7%
- Industrials5.3%
- Technology4.3%
- Health Care3.4%
- Consumer Discretionary2.7%
- Consumer Staples1.9%
- Utilities0.4%
Geography
- United States80.05%
- Brazil3.39%
- Bermuda3.34%
- Canada1.96%
- Spain1.35%
- Monaco1.23%
- Luxembourg1.15%
- United Kingdom1.08%
- 6.44%
CVY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
CVY$11,644
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CVY |
|---|---|
| Year to date | +11.1% |
| 1 month | −4.4% |
| 3 months | −1.3% |
| 1 year | +16.4% |
| 3 years | +14.8% |
| 5 years | +8.0% |
| 10 years | +8.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CVY |
|---|---|---|
| 2026 YTD | +11.1% | |
| 2025 | +11.0% | |
| 2024 | +10.2% | |
| 2023 | +17.9% | |
| 2022 | −9.3% | |
| 2021 | +25.3% | |
| 2020 | −10.5% |
CVY in the news
CVY Dividends
- 4.03%
- $1.16
- $0.23 per share
- Quarterly
Distribution history
CVY Risk
- 12.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.71
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −21.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CVY Cost
1.15%
CVY1.15%
- The middle half of Multi-Asset Income funds
- Median 0.65%
11 of the 15 Multi-Asset Income funds charge less.
Other funds in Multi-Asset Income
- BALTYGlobal X Alternative Income ETFExpense ratio 0.50%1 year return +8.5%
- CLOTILiberty One Tactical Income ETFExpense ratio 1.04%1 year return +3.5%
- CHNDLStrategy Shares Nasdaq 7HANDL Index ETFExpense ratio 0.95%1 year return +6.6%
- CFTHBFIS Faith Income ETFExpense ratio 0.65%1 year return —
- CJFLIJPMorgan Flexible Income ETFExpense ratio 0.51%1 year return +14.8%