PKWInvesco BuyBack Achievers ETF
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.
PKW MSCI ESG Analytics Insight
Invesco BuyBack Achievers ETF has an MSCI ESG Fund Rating of A based on a score of 6.59 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 57th percentile within its peer group and in the 64th 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 Summary Data
PKW Portfolio Data
PKW Index Data
PKW Portfolio Management
PKW Tax Exposures
PKW Fund Structure
PKW Factset Analytics Block Liquidity
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 Sector/Industry Breakdown
PKW Economic Development
PKW Performance Statistics
PKW MSCI ESG Ratings
PKW Benchmark Comparison Summary
PKW Benchmark Comparison Market Cap Size