PKW

Invesco BuyBack Achievers ETF
*Unless otherwise stated, data provided by FactSet.

PKW Fund Description

PKW tracks a market-cap-weighted index of stock in US 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 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. The Fund and the Index are reconstituted annually and rebalanced quarterly.

PERFORMANCE [as of 06/30/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PKW -10.00% -14.02% -19.19% -13.30% 8.84% 9.03% 11.90%
PKW (NAV) -10.11% -13.98% -19.24% -13.38% 8.78% 9.01% 11.89%
NASDAQ Buyback Achievers Index -10.08% -13.87% -19.02% -12.89% 9.40% 9.66% 12.59%
MSCI USA IMI -8.36% -16.75% -21.15% -13.74% 9.94% 10.74% 12.66%
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
0.64%
$1.18B
$5.40M
0.08%

PKW Portfolio Data

$58.13B
11.81
2.35
1.03%
N/A
151

PKW Index Data

Market Cap
Share Buybacks
MSCI USA IMI

PKW Portfolio Management

0.64%
-0.81%
-0.09%
-1.07%

PKW Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

PKW Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

PKW Factset Analytics Block Liquidity

As of 07/01/22
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

65,737
$5.40M
54,258
$4.48M
0.08%
$0.07
0.01%
0.17% / -1.70%
None
98.00%
50,000
1.09
0.01%
0.03%
475
$77.43
5

PKW Sector/Industry Breakdown


PKW
Segment Benchmark
29.10%
--
18.42%
--
9.99%
--
9.80%
--
8.59%
--
5.87%
--
3.98%
--
3.20%
--
2.93%
--
1.94%
--

PKW Countries


PKW
Segment Benchmark
100.00%
99.92%
--
0.08%

PKW Regions


PKW
Segment Benchmark
100.00%
100.00%

PKW Economic Development


PKW
Segment Benchmark
100.00%
100.00%

PKW Performance Statistics

0.83
0.92
0.84
0.93
0.53%
MSCI USA IMI

PKW Benchmark Comparison Holdings

151
2541
140
4.85%

PKW Benchmark Comparison Summary


PKW
Segment Benchmark
151
2541
$58.13B
$473.33B
11.81
22.41
2.35
3.87
1.53%
1.42%
Medium
Low

PKW Benchmark Comparison Market Cap Size


PKW
Segment Benchmark
77.01%
87.51%
19.28%
9.67%
3.44%
2.60%
0.27%
0.22%