Invesco International BuyBack Achievers ETF

Frequently Asked Questions About IPKW

What does IPKW invest in?

The Invesco International BuyBack Achievers ETF is structured to emulate the investment performance of the Nasdaq International BuyBack Achievers Index. The ETF typically allocates at least 90% of its total assets to the common equity holdings that comprise this benchmark. The underlying Index tracks publicly traded non-U.S. corporations that meet the criteria of "BuyBack Achievers," defined as companies that have achieved a net reduction of 5% or more in their outstanding shares over their most recently completed fiscal year. Both the Fund and its corresponding Index undergo an annual restructuring in July, with quarterly rebalancing efforts taking place in January, April, July, and October. As of August 31, 2025, the Fund boasted strong Morningstar ratings, achieving an overall 5-star rating among 338 funds. It was awarded 4 stars for the 3-year period (out of 338 funds), 4 stars for the 5-year period (out of 319 funds), and an impressive 5 stars over the 10-year period (out of 240 funds). These ratings are calculated based on a risk-adjusted return measure that factors in variations in a fund's monthly performance, with particular emphasis on downward fluctuations and a reward for consistent results. For comparative purposes, open-end mutual funds and exchange-traded funds are grouped together, and ratings are provided only for funds with a minimum of three years of operational history. The overall rating is a weighted average of the 3-, 5-, and 10-year metrics, where applicable, excluding sales charges but including all fees and expenses. Past performance is not an indicator or guarantee of future returns. These proprietary ratings from Morningstar Inc. (©2025) are subject to monthly changes. Morningstar awards five stars to the top 10% of funds in a category, four stars to the next 22.5%, three stars to the subsequent 35%, two stars to the following 22.5%, and one star to the bottom 10%. It is important to note that had fees not been waived or expenses reimbursed, the Morningstar rating could have been lower. Ratings for other share classes may vary due to differing performance characteristics.

What is the expense ratio of IPKW?

Invesco International BuyBack Achievers ETF (IPKW) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

How big is IPKW?

Invesco International BuyBack Achievers ETF (IPKW) manages $551.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is IPKW actively managed or an index fund?

IPKW's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was IPKW launched?

Invesco International BuyBack Achievers ETF (IPKW) launched in February 2014 and is managed by Invesco.

How has IPKW performed?

IPKW's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.