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CZA

GradeCNew York Stock Exchange Arca

Invesco Zacks Mid-Cap ETF

Broad Stock Market · Invesco · Inception 2007-04-02 · SEC filings

$120.41−0.32 (−0.27%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 53 prints from 120.73 to 120.41. Range 120.33 to 120.92. Use the arrow keys to read each point.$120.60$120.8010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$175M
1Y return
+12.4%
Yield · Last 12 months
1.43%
Holdings
101
Volume · 30D
0M sh
NAV per share
$120.83
52W range
low $106.81high $127.85

The ETF.net CZA Grade

C

44/ 100

Rank 11 of 13 in US Mid-Cap⁠

Confidence High

Six-pillar profile for CZA. Scores out of 100: Cost 18, Risk 54, Mission 78, Tradability 38, Holdings 32, Durability 43. Strongest: Mission (78). Weakest: Cost (18). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 44 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 18
    Category rank11/13 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 78
    Category rank11/11 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank6/13 · top 46%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank8/13 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 32
    Category rank12/13 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 43
    Category rank10/13 · bottom quartile

Graded as of Sep 22, 2026

Our read on CZA

ETF.net Research

CA stock picker in index clothing: about 100 mid-caps chosen by a Zacks quant screen instead of the whole segment. Running since 2007, and the 0.69% fee is the price of that opinion.

Stated mandate

The fund seeks to track the Zacks Mid-Cap Core Index by investing at least 90% of its assets in securities included in that index.

Why people hold it

  1. 01Rules-based but opinionated. The Zacks Mid-Cap Core Index screens down to roughly 100 names, so the basket genuinely looks different from a cap-weighted mid-cap fund.invesco.com
  2. 02The mandate is tight: at least 90% of assets sit in the named index, so this is a quant screen in an index wrapper, not open-ended manager discretion.invesco.com
  3. 03Launched in 2007 under Invesco, it has run the same strategy through the financial crisis and every market since. Long track records are rare among rules-based screens.invesco.com
  4. 04It stays close to the index it advertises, so what you read in the methodology is broadly what you own.

Worth knowing

  1. 01Cost is the headline trade-off. At 0.69%, this sits far above plain mid-cap trackers such as VO and SCHM at 0.03%. That gap comes out of returns every year, screen or no screen.
  2. 02Thinly traded and modest in size, so bid-ask spreads are a bigger slice of your real cost here than with the giant mid-cap funds.
  3. 03About 100 holdings means individual names swing the fund more than in a broad index holding several hundred. Concentration cuts both directions.

CZA Holdings

As of Sep 20, 2026, 1:48 PM
Asset class
Stocks
Holdings
101
Top-10 weight
20%
Largest holding
BDXA2.4%

Sectors

  • Financials25.7%
  • Industrials19.6%
  • Health Care16.0%
  • Real Estate8.2%
  • Technology7.5%
  • Consumer Discr.5.8%
  • Utilities5.7%
  • Materials5.3%
  • Energy3.7%
  • Cons. Staples2.6%

Geography

  • United States85.22%
  • Bermuda2.73%
  • Canada1.87%
  • Peru1.87%
  • Singapore1.50%
  • United Kingdom1.49%
  • Switzerland1.49%
  • China1.39%
  • Other countries (3)2.42%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BDXABecton Dickinson & Co2.44%23,635$4M171
002AAgilent Technologies Inc2.13%23,880$4M311
003PRUPrudential Financial Inc2.11%31,152$4M338
004IQVIQVIA Holdings Inc2.06%13,528$4M290
005AIGAmerican International Group Inc2.03%47,294$4M292
006SYYSysco Corp1.89%41,985$3M324
007WCNWaste Connections Inc1.88%21,200$3M48
008BAPCredicorp Ltd1.87%8,566$3M50
009HIGHartford Insurance Group Inc/The1.83%24,326$3M341
010VGVenture Global Inc1.82%227,931$3M105
011PEGPublic Service Enterprise Group Inc1.73%43,390$3M290
012ACGLArch Capital Group Ltd1.68%30,461$3M296
013RPRXRoyalty Pharma PLC1.68%50,283$3M202
014NTRSNorthern Trust Corp1.66%16,301$3M304
015HBANHuntington Bancshares Inc/OH1.56%171,951$3M279

Showing 1–15 of 103 holdings

CZA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CZA$11,240
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CZA $11,240. SPY $11,723. Use the arrow keys to read each point.$9,342$10,715$12,088Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for CZA. Periods over one year show the average yearly return.
PeriodCZA
Year to date+9.0%
1 month−4.9%
3 months+1.0%
1 year+12.4%
3 years+13.4%per year
5 years+7.3%per year
10 years+10.0%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CZA
YearReturn barCZA
2026 YTD+9.0%
2025+8.3%
2024+12.1%
2023+7.0%
2022−5.9%
2021+27.4%
2020+0.4%

CZA in the news

ETF.net Research hasn’t filed on CZA yet — coverage lands here as it’s written.

CZA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.43%Last 12 months
Payout per share
$1.73Last 12 months
Last payment
$1.73 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.72; Dec 24, 2018 $0.75; Dec 23, 2019 $1.07; Dec 21, 2020 $1.08; Dec 20, 2021 $0.85; Dec 19, 2022 $1.52; Dec 18, 2023 $1.28; Dec 23, 2024 $1.32; Dec 22, 2025 $1.73. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$1.73
Dec 23, 2024Dec 27, 2024$1.32
Dec 18, 2023Dec 22, 2023$1.28
Dec 19, 2022Dec 23, 2022$1.52
Dec 20, 2021Dec 31, 2021$0.85
Dec 21, 2020Dec 31, 2020$1.08
Dec 23, 2019Dec 31, 2019$1.07
Dec 24, 2018Dec 31, 2018$0.75
Dec 26, 2017Dec 29, 2017$0.72
Dec 23, 2016Dec 30, 2016$1.02
Dec 24, 2015Dec 31, 2015$0.66
Dec 24, 2014Dec 31, 2014$0.37

CZA Risk

How much the fund’s monthly returns vary, scaled to a year.
13.6%
Annualised · 36 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.68
vs 3-month T-bills · to Aug 2026
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.

The largest fall from a peak to the low that followed.
−18.9%
Trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.82
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CZA Cost

Expense ratio0.69%
  • The middle half of US Mid-Cap funds
  • Median 0.15%

10 of the 13 US Mid-Cap funds charge less.

CZA costs $69.00 a year on $10,000. The median US Mid-Cap fund costs $15.00.