PKW

Invesco BuyBack Achievers ETF
A

75
*Unless otherwise stated, data provided by FactSet.

PKW Fund Description

PKW tracks a market-cap-weighted index of stock in U.S. firms that repurchased at least 5% of their outstanding shares in the previous 12 months.

PKW Factset Analytics Insight

PKW holds stocks in firms that have purchased significant chunks of their own stock. The idea is simple: A firm's own managers know the best valuation of its stock, and if it's undervalued, they'll buy it up, assuming they have the cash. There are criticisms of this approach: perhaps the firm has nothing better to do with its earnings because it's a cash cow with no growth opportunities. Buybacks also buoy earnings-per-share without adding enterprise value. But for investors who want access to the buyback trend, PKW provides easy access, though it's worth noting that its novel thesis still yields a fund that looks like the broader market in some ways. Unlike some niche peer ETFs, the fund doesn't reach far down the market cap spectrum. Instead, large caps dominate PKW's small basket, which also has some major sector biases toward consumer cyclicals and away from healthcare. It trades easily with tight spreads. However, it is expensive to hold, with some high fees for its segment.

PKW MSCI ESG Analytics Insight

Invesco BuyBack Achievers ETF has an MSCI ESG Fund Rating of BB based on a score of 4.24 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco BuyBack Achievers ETF ranks in the 24th percentile within its peer group and in the 7th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PKW MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

PKW CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/21/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PKW -4.25% 0.23% 16.97% 1.82% 9.56% 7.14% 13.75%
PKW (NAV) -3.55% -0.28% 17.76% 1.84% 9.81% 7.28% 13.61%
NASDAQ Buyback Achievers Index -3.50% -0.13% 18.26% 2.47% 10.49% 7.95% 13.61%
MSCI USA IMI -1.67% 2.23% 18.16% 2.81% 12.12% 9.82% 13.37%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PKW Summary Data

Invesco
12/20/06
Open-Ended Fund
0.63%
$1.11B
$3.19M
0.04%

PKW Portfolio Data

$116.28B
16.82
3.21
1.30%
09/23/19
173

PKW Index Data

Market Cap
Share Buybacks
MSCI USA IMI

PKW Portfolio Management

0.63%
-0.65%
-0.48%
-0.72%

PKW Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

PKW Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

PKW Factset Analytics Block Liquidity

As of 08/22/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PKW. PKW is rated a 5 out of 5.

PKW Tradability

51,116
$3.19M
35,442
$2.25M
0.04%
$0.02
0.00%
0.09% / -0.25%
None
100.00%
50,000
0.71
0.02%
0.02%
23
$61.08
5

PKW Sector/Industry Breakdown


PKW
Segment Benchmark
27.97%
25.78%
22.48%
13.56%
18.65%
17.02%
12.66%
10.65%
9.00%
13.73%
4.84%
4.83%
2.38%
6.57%
1.67%
2.76%
0.37%
3.19%

PKW TOP 10 HOLDINGS[View All]

Apple Inc. 5.53%
Amgen Inc. 5.04%
45.56%

PKW Countries


PKW
Segment Benchmark
100.00%
99.91%
--
0.09%

PKW Regions


PKW
Segment Benchmark
100.00%
100.00%

PKW Economic Development


PKW
Segment Benchmark
100.00%
100.00%

PKW Performance Statistics

0.91
0.98
0.95
1.01
0.32%
MSCI USA IMI

PKW MSCI ESG Ratings

BB
4.24 / 10
7.28
23.54
2.08%
9.47%
126.05

PKW BENCHMARK COMPARISON HOLDINGS

173
2436
160
11.96%

PKW BENCHMARK COMPARISON SUMMARY


PKW
Segment Benchmark
173
2436
$116.28B
$202.79B
16.82
24.13
3.21
3.28
1.98%
1.81%
Medium
Low

PKW BENCHMARK COMPARISON MARKET CAP SIZE


PKW
Segment Benchmark
83.81%
82.33%
13.03%
13.32%
2.92%
3.97%
0.24%
0.39%