CZA: INVESCO ZACKS MID-CAP ETF
What this ETF is trying to do
The INVESCO ZACKS MID-CAP ETF (CZA) is an exchange-traded fund designed to invest in mid-cap companies. Mid-cap companies are generally businesses that fall in the middle range of size—larger than small startups but smaller than massive global corporations.
What the numbers show
The data shows that CZA has experienced growth in both its share price and its total return over various timeframes.
• Year-to-Date (YTD): The YTD price return is approximately 8.35%. For this period, the total return is also 8.35%.
• One-Year: The one-year price return is approximately 10.09%. When including distributions, the one-year total return is approximately 11.79%.
• Three-Year: The three-year price return is approximately 41.48%. The three-year total return is approximately 47.49%.
• Five-Year: The five-year total return is approximately 40.75%.
To understand the price movement, we can look at the estimated price from roughly one year ago, which was $109.05. The current price is $120.06.
Income and distribution explanation
CZA provides cash distributions to investors. The distribution yield is approximately 1.44%. This number describes the cash paid out relative to the current ETF price.
It is important to note that the distribution frequency is described as "irregular" or "less frequent," with one payout recorded in the last 12 months. When looking at returns, "price return" only measures how much the share price moved, while "total return" includes both the price movement and the distributions paid out.
NAV erosion explanation
NAV erosion refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Top Holdings
The following are the top holdings in the portfolio (note that this is a partial list):
• Becton Dickinson & Co (2.47%)
• Agilent Technologies Inc (2.41%)
• IQVIA Holdings Inc (2.13%)
• Prudential Financial Inc (2.07%)
• American International Group Inc (2.06%)
• Sysco Corp (1.91%)
• Waste Connections Inc (1.91%)
• Credicorp Ltd (1.90%)
• The Hartford Insurance Group Inc (1.74%)
• Royalty Pharma PLC Class A (1.72%)
Holdings can change over time.
Pros
• The fund has shown positive total returns over one, three, and five-year periods.
• The erosion-risk score indicates no price erosion has been detected.
Cons
• The distribution frequency is irregular rather than a steady schedule (like monthly or quarterly).
Beginner takeaway
CZA focuses on mid-sized companies. While it pays a distribution yield, the total return figures show that much of its historical growth has come from share-price increases. The fund currently shows no signs of price erosion according to the supplied data.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | BECTON DICKINSON & CO | BDX | 2.47% |
| 2 | AGILENT TECHNOLOGIES INC | A | 2.41% |
| 3 | IQVIA HOLDINGS INC | IQV | 2.13% |
| 4 | PRUDENTIAL FINANCIAL INC | PRU | 2.07% |
| 5 | AMERICAN INTERNATIONAL GROUP INC | AIG | 2.06% |
| 6 | SYSCO CORP | SYY | 1.91% |
| 7 | WASTE CONNECTIONS INC | WCN | 1.91% |
| 8 | CREDICORP LTD | BAP | 1.90% |
| 9 | THE HARTFORD INSURANCE GROUP INC | HIG | 1.74% |
| 10 | ROYALTY PHARMA PLC CLASS A | RPRX | 1.72% |