Key stats
About Invesco International BuyBack Achievers ETF
Home page
Inception date
Feb 27, 2014
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
IPKW is an international twist on the issuers US-based buyback fund PKW. IPKW invests in companies included in the NASDAQ Global Ex-US Index (base index) that have recently repurchased significant amounts of their own shares, subject to liquidity and market cap constraints. The concept is straightforward: Management has the greatest insight as to future business prospects so, when they elect to buy back their own stock, it's because they see it as undervalued. The counterargument is that buybacks are indicative of a lack of future growth opportunities, otherwise the company would invest its cash in those prospects. The Index is reconstituted annually in July and rebalanced quarterly starting January.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Energy Minerals
Stocks99.99%
Finance31.85%
Energy Minerals24.56%
Non-Energy Minerals6.22%
Transportation6.13%
Retail Trade5.66%
Consumer Non-Durables4.18%
Technology Services3.42%
Health Technology2.79%
Consumer Durables2.73%
Utilities2.47%
Producer Manufacturing2.42%
Consumer Services2.18%
Commercial Services1.58%
Process Industries1.13%
Electronic Technology1.03%
Industrial Services0.85%
Distribution Services0.80%
Bonds, Cash & Other0.01%
Cash0.01%
Stock breakdown by region
Europe67.60%
Asia21.84%
North America5.26%
Oceania2.67%
Africa2.47%
Middle East0.17%
Latin America0.00%
Top 10 holdings
Dividends
Dividend payout history