Invesco Zacks Mid-Cap ETF
-0.24 %
5.94 %
Yet to be announced
Company Overview
The Invesco Zacks Mid-Cap ETF is an exchange-traded fund that seeks to track the investment results of the Zacks Mid-Cap Core Index. The fund generally invests at least 90% of its total assets in securities that comprise the underlying index, which is designed to identify securities that have the greatest potential to outperform passive benchmark indices.
This ETF holds a diversified portfolio of mid-capitalization U.S. stocks selected using a proprietary methodology developed by Zacks Investment Research. The selection process involves analyzing various factors including earnings estimates, historical returns, and value metrics.
Revenue Sources
FailAs an ETF, CZA's revenue is primarily derived from management fees and investment returns from its underlying holdings. The fund does not directly engage in any haram business activities. However, the underlying holdings need to be evaluated individually for halal compliance.
Upon reviewing the fund's holdings, some companies in the portfolio may derive revenue from haram sources, including financial services firms and companies involved in non-halal activities. Since this is an actively managed ETF that can change its holdings regularly, it's not possible to guarantee the fund will consistently maintain halal-compliant holdings.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
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As an investment vehicle, this ETF generates returns through capital appreciation and dividends from its underlying holdings. While the fund itself does not directly engage in interest-bearing activities, many of its holdings include financial institutions and companies that derive significant portions of their revenue from interest-based operations.
Operational Ethics
FailThrough its holdings, the ETF may have indirect exposure to companies that have associations with entities involved in human rights violations. However, due to the dynamic nature of the fund's holdings and the indirect nature of these potential associations, it's difficult to make a definitive assessment.
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