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Critical Facts You Need to Know About Preferred Stocks
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Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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Invesco Zacks Multi-Asset Income ETF
ETF
CVY
Payout Change
Decrease
Price as of:
$22.28
-0.11
-0.47%
primary theme
U.S. Growth/Balanced Allocation
CVY (ETF)
Invesco Zacks Multi-Asset Income ETF
Payout Change
Decrease
Price as of:
$22.28
-0.11
-0.47%
primary theme
U.S. Growth/Balanced Allocation
CVY (ETF)
Invesco Zacks Multi-Asset Income ETF
Payout Change
Decrease
Price as of:
$22.28
-0.11
-0.47%
primary theme
U.S. Growth/Balanced Allocation
Name
As of 09/19/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.3%
1 yr return
11.3%
3 Yr Avg Return
14.2%
5 Yr Avg Return
3.9%
Net Assets
$99.5 M
Holdings in Top 10
24.3%
52 WEEK LOW AND HIGH
$22.4
$19.46
$23.36
Expenses
OPERATING FEES
Expense Ratio 1.06%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 176.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 09/19/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CVY - Profile
Distributions
- YTD Total Return 9.3%
- 3 Yr Annualized Total Return 14.2%
- 5 Yr Annualized Total Return 3.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.48%
- Dividend Yield 4.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco Zacks Multi-Asset Income ETF
-
Fund Family NameINVESCOETF
-
Inception DateSep 21, 2006
-
Shares Outstanding5060800
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Hubbard
Fund Description
The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index, as well as American depositary receipts (“ADRs”) that represent securities in the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, Zacks Investment Research, Inc. (“Zacks” or the “Index Provider”) compiles and maintains the Underlying Index, which is composed of securities that Zacks selects from a universe of domestic and international companies listed on major U.S. exchanges. Zacks seeks to identify companies with potentially high income and superior risk-return profiles by using a proprietary strategy that evaluates stocks on multiple factors, including dividend yield and risk adjusted return. The securities comprising the Underlying Index include stocks of large, medium, and small-sized companies and may include U.S. listed common stocks paying dividends,
ADRs, real estate investment trusts (“REITs”), master limited partnerships (“MLPs”), closed-end funds and traditional preferred stocks.
The Fund may invest directly in one or more underlying securities represented by depositary receipts included in the Underlying Index under the following limited circumstances: (a) when market conditions result in the underlying security providing improved liquidity relative to the depositary receipt; (b) when a depositary receipt is trading at a significantly different price than its underlying security; or (c) the timing of trade executions is improved due to the local market in which an underlying security is traded being open at different times than the market in which the security’s corresponding depositary receipt is traded.
As of June 30, 2023, the Underlying Index was comprised of 149 constituents with market capitalizations ranging from $300 million to $289 billion.
The Fund employs a “full replication” methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index.
Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of April 30, 2023, the Fund had significant exposure to the energy and financials sectors. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
CVY - Performance
Return Ranking - Trailing
| Period | CVY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.3% | -6.0% | 21.6% | 42.90% |
| 1 Yr | 11.3% | -20.8% | 21.8% | 63.23% |
| 3 Yr | 14.2%* | -8.6% | 9.5% | 8.97% |
| 5 Yr | 3.9%* | -9.0% | 4.5% | 91.11% |
| 10 Yr | 3.8%* | -7.0% | 5.5% | 95.22% |
* Annualized
Return Ranking - Calendar
| Period | CVY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -13.8% | -37.4% | -8.2% | 15.18% |
| 2021 | 22.3% | -9.8% | 25.4% | 1.68% |
| 2020 | -14.3% | -21.0% | 24.0% | 98.94% |
| 2019 | 21.8% | -8.3% | 24.6% | 1.10% |
| 2018 | -14.3% | -27.2% | -3.9% | 53.82% |
Total Return Ranking - Trailing
| Period | CVY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.3% | -5.4% | 22.1% | 42.90% |
| 1 Yr | 11.3% | -8.5% | 22.0% | 63.23% |
| 3 Yr | 14.2%* | -2.4% | 13.2% | 8.97% |
| 5 Yr | 3.9%* | -1.7% | 9.2% | 91.11% |
| 10 Yr | 3.8%* | -0.3% | 10.9% | 95.22% |
* Annualized
Total Return Ranking - Calendar
| Period | CVY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -9.3% | -25.2% | -0.9% | 26.07% |
| 2021 | 25.3% | -7.8% | 33.9% | 33.22% |
| 2020 | -10.5% | -12.8% | 24.9% | 99.29% |
| 2019 | 26.0% | 7.3% | 34.8% | 25.74% |
| 2018 | -10.8% | -18.8% | 0.2% | 91.98% |
CVY - Holdings
Concentration Analysis
| CVY | Category Low | Category High | CVY % Rank | |
|---|---|---|---|---|
| Net Assets | 99.5 M | 1.01 M | 59.8 B | 86.54% |
| Number of Holdings | 153 | 4 | 7731 | 23.87% |
| Net Assets in Top 10 | 23.4 M | 905 K | 28.9 B | 93.87% |
| Weighting of Top 10 | 24.34% | 13.3% | 100.0% | 83.80% |
Top 10 Holdings
- Invesco Private Prime Fund 10.55%
- Invesco Private Government Fund 4.29%
- Black Stone Minerals, L.P. 1.31%
- Alliance Resource Partners, L.P. 1.31%
- Kroger Co. (The) 1.16%
- JPMorgan Chase Co., Series EE, Pfd. 1.16%
- Wells Fargo Co., Series Z, Pfd. 1.15%
- Canadian Natural Resources Ltd. 1.14%
- Doubleline Income Solutions Fund 1.14%
- Bank of America Corp., Series L, Conv. Pfd. 1.13%
Asset Allocation
| Weighting | Return Low | Return High | CVY % Rank | |
|---|---|---|---|---|
| Stocks | 89.61% | 0.19% | 99.72% | 3.87% |
| Cash | 15.28% | -7.71% | 88.33% | 3.87% |
| Preferred Stocks | 10.01% | 0.00% | 26.97% | 2.58% |
| Convertible Bonds | 0.24% | 0.00% | 26.48% | 64.19% |
| Other | 0.00% | -2.61% | 17.60% | 75.81% |
| Bonds | 0.00% | 0.00% | 91.12% | 97.42% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CVY % Rank | |
|---|---|---|---|---|
| Financial Services | 32.85% | 0.28% | 52.80% | 1.61% |
| Energy | 22.18% | 0.00% | 29.22% | 0.97% |
| Real Estate | 11.78% | 0.00% | 33.86% | 3.23% |
| Consumer Cyclical | 10.80% | 0.00% | 16.01% | 40.97% |
| Basic Materials | 6.49% | 0.00% | 15.48% | 7.42% |
| Technology | 3.64% | 1.07% | 52.93% | 98.06% |
| Healthcare | 3.32% | 0.00% | 36.30% | 99.03% |
| Utilities | 2.78% | 0.00% | 31.67% | 59.68% |
| Consumer Defense | 2.21% | 0.00% | 27.24% | 94.19% |
| Industrials | 2.19% | 1.16% | 32.55% | 99.03% |
| Communication Services | 1.77% | 0.00% | 26.62% | 95.81% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CVY % Rank | |
|---|---|---|---|---|
| US | 89.61% | 0.19% | 96.85% | 1.94% |
| Non US | 0.00% | 0.00% | 35.45% | 98.39% |
CVY - Expenses
Operational Fees
| CVY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.06% | 0.01% | 3.35% | 29.53% |
| Management Fee | 0.50% | 0.00% | 1.25% | 69.23% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.28% | 5.56% |
Sales Fees
| CVY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| CVY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CVY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 176.00% | 4.00% | 398.00% | 98.29% |
CVY - Distributions
Dividend Yield Analysis
| CVY | Category Low | Category High | CVY % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.12% | 0.00% | 7.38% | 0.64% |
Dividend Distribution Analysis
| CVY | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
| CVY | Category Low | Category High | CVY % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.48% | -1.12% | 5.55% | 3.63% |
Capital Gain Distribution Analysis
| CVY | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 22, 2023 | $0.229 | OrdinaryDividend |
| Jun 23, 2023 | $0.284 | OrdinaryDividend |
| Mar 24, 2023 | $0.271 | OrdinaryDividend |
| Dec 23, 2022 | $0.432 | OrdinaryDividend |
| Sep 23, 2022 | $0.322 | OrdinaryDividend |
| Jun 30, 2022 | $0.172 | OrdinaryDividend |
| Mar 31, 2022 | $0.170 | OrdinaryDividend |
| Dec 31, 2021 | $0.029 | OrdinaryDividend |
| Sep 30, 2021 | $0.256 | OrdinaryDividend |
| Jun 30, 2021 | $0.185 | OrdinaryDividend |
| Mar 31, 2021 | $0.112 | OrdinaryDividend |
| Dec 31, 2020 | $0.185 | OrdinaryDividend |
| Sep 30, 2020 | $0.174 | OrdinaryDividend |
| Jun 30, 2020 | $0.140 | OrdinaryDividend |
| Mar 31, 2020 | $0.182 | OrdinaryDividend |
| Dec 31, 2019 | $0.179 | OrdinaryDividend |
| Sep 30, 2019 | $0.205 | OrdinaryDividend |
| Jun 28, 2019 | $0.183 | OrdinaryDividend |
| Mar 29, 2019 | $0.187 | OrdinaryDividend |
| Dec 31, 2018 | $0.165 | OrdinaryDividend |
| Sep 28, 2018 | $0.250 | OrdinaryDividend |
| Jun 29, 2018 | $0.207 | OrdinaryDividend |
| Mar 29, 2018 | $0.230 | OrdinaryDividend |
| Dec 29, 2017 | $0.216 | OrdinaryDividend |
| Sep 29, 2017 | $0.226 | OrdinaryDividend |
| Jun 30, 2017 | $0.218 | OrdinaryDividend |
| Mar 31, 2017 | $0.222 | OrdinaryDividend |
| Dec 30, 2016 | $0.220 | OrdinaryDividend |
| Sep 30, 2016 | $0.243 | OrdinaryDividend |
| Jun 30, 2016 | $0.223 | OrdinaryDividend |
| Mar 31, 2016 | $0.221 | OrdinaryDividend |
| Dec 31, 2015 | $0.251 | OrdinaryDividend |
| Sep 30, 2015 | $0.284 | OrdinaryDividend |
| Jun 30, 2015 | $0.254 | OrdinaryDividend |
| Mar 31, 2015 | $0.282 | OrdinaryDividend |
| Dec 31, 2014 | $0.487 | OrdinaryDividend |
| Sep 30, 2014 | $0.316 | OrdinaryDividend |
| Jun 30, 2014 | $0.310 | OrdinaryDividend |
| Mar 31, 2014 | $0.292 | OrdinaryDividend |
| Dec 31, 2013 | $0.310 | OrdinaryDividend |
| Sep 30, 2013 | $0.321 | OrdinaryDividend |
| Jun 28, 2013 | $0.370 | OrdinaryDividend |
| Mar 28, 2013 | $0.324 | OrdinaryDividend |
| Dec 31, 2012 | $0.319 | OrdinaryDividend |
| Sep 28, 2012 | $0.284 | OrdinaryDividend |
| Jun 29, 2012 | $0.231 | OrdinaryDividend |
| Mar 30, 2012 | $0.265 | OrdinaryDividend |
| Dec 30, 2011 | $0.277 | OrdinaryDividend |
| Sep 30, 2011 | $0.295 | OrdinaryDividend |
| Jun 30, 2011 | $0.276 | OrdinaryDividend |
| Mar 31, 2011 | $0.259 | OrdinaryDividend |
| Dec 31, 2010 | $0.247 | OrdinaryDividend |
| Sep 30, 2010 | $0.225 | OrdinaryDividend |
| Jun 30, 2010 | $0.262 | OrdinaryDividend |
| Mar 31, 2010 | $0.221 | OrdinaryDividend |
| Dec 31, 2009 | $0.222 | OrdinaryDividend |
| Sep 30, 2009 | $0.228 | OrdinaryDividend |
| Jun 30, 2009 | $0.216 | OrdinaryDividend |
| Mar 31, 2009 | $0.287 | OrdinaryDividend |
| Dec 31, 2008 | $0.354 | OrdinaryDividend |
| Sep 30, 2008 | $0.353 | OrdinaryDividend |
| Jun 30, 2008 | $0.337 | OrdinaryDividend |
| Mar 31, 2008 | $0.037 | OrdinaryDividend |
| Dec 31, 2007 | $0.027 | OrdinaryDividend |
| Sep 28, 2007 | $0.027 | OrdinaryDividend |
| Jun 29, 2007 | $0.055 | OrdinaryDividend |
| Mar 30, 2007 | $0.070 | OrdinaryDividend |
| Dec 29, 2006 | $0.360 | OrdinaryDividend |
CVY - Fund Manager Analysis
Managers
Peter Hubbard
Start Date
Tenure
Tenure Rank
Apr 09, 2018
4.15
4.2%
Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.
Tony Seisser
Start Date
Tenure
Tenure Rank
Apr 09, 2018
4.15
4.2%
Tony Seisser is a Vice President and Portfolio Manager of Invesco PowerShares Capital Management LLC since December 2013. Prior to joining the Adviser, he was employed by Guggenheim Funds Distributors, Inc. where he was a trader from 2010 to 2013. Prior to that, Mr. Seisser was a compliance investigator at the Chicago Board of Options Exchange and Chicago Futures Exchange from 2008 to 2010.
Michael Jeanette
Start Date
Tenure
Tenure Rank
Apr 09, 2018
4.15
4.2%
Michael Jeanette, Senior Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco Capital Management LLC since 2008. Prior to joining Invesco Capital Management LLC, Mr. Jeanette was a trust advisor and GM of Chicago based Richard Lamb, LLC from 1998 to 2007.
Pratik Doshi
Start Date
Tenure
Tenure Rank
Aug 28, 2020
1.76
1.8%
Pratik Doshi is a Portfolio Manager of Invesco Capital Management. Mr. Doshi has been a Portfolio Manager of Invesco Capital Management since October 2019 and has been associated with Invesco Capital Management since 2018. Prior to joining Invesco Capital Management, Mr. Doshi was a business student in the MBA program at the University of Chicago from 2016 to 2018. From 2014 to 2016, he served as a Vice President at Bank of America, and from 2007 to 2014 he served as Assistant Vice President at Barclays Capital.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 38.44 | 7.44 | 2.41 |
