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Launched · SEC filings

Invesco International BuyBack Achievers ETF

IPKWNasdaqInvescoC

$59.88+0.02 (+0.03%)

At close: Nov 2, 2026, 4:00 PM ET

C40/ 100

Rank 12 of 15 in International Factor Index

C40/100Rank 12 of 15inInternational Factor Index
Intraday session: up, 79 prints from 59.86 to 59.88. Range 59.81 to 60.50. Use the arrow keys to read each point.60.0060.2060.4010 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$571M
1Y total return
+18.0%
Yield · Last 12 months
3.35%
Holdings
177
Avg volume · 30D
44.2K sh
52W range
low $51.34high $62.17
Launched
Filings
SEC EDGAR

The ETF.net IPKW Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
International Factor Index⁠
Rank
12 of 15
Six-pillar profile for IPKW. Scores out of 100: Cost 25, Risk 50, Mission not scored, Tradability 65, Holdings 27, Durability 55. Strongest: Tradability (65). Weakest: Cost (25). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D25 out of 100
    Rank 11 of 15

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 7 of 15

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B65 out of 100
    Rank 6 of 15

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D27 out of 100
    Rank 14 of 15

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 9 of 15

Our read on IPKW

ETF.net Research

In short

CBuybacks are an American obsession. IPKW exports the screen: non-US companies that actually shrank their share count by 5% or more in their latest fiscal year, roughly 160 of them, in one ticker.

Stated mandate

The fund tracks an index of common stocks of foreign companies that satisfy the requirements for classification as BuyBack AchieversTM.

Why people hold it

  • The overseas counterpart to Invesco's US buyback fund: same core test, non-US companies. A niche corner of the ETF shelf that few issuers bother to fill.invesco.com
  • The rule is checkable, not a black box: a net 5% cut in shares outstanding in the latest fiscal year, plus $250M minimum market cap and $1M average daily dollar volume.sec.govnasdaq.com
  • Spread across roughly 160 names instead of a handful of big repurchasers, with distributions paid quarterly.
  • Running since 2014, so the strategy has a decade-plus of live track record behind it rather than a backtest.

Worth knowing

  • 0.55% a year is a premium price in factor land, where broad peers like MGV (0.05%) and SIZE (0.15%) charge a sliver of that.
  • The screen looks backward. It rewards repurchases already booked in the last fiscal year, and the roster only changes on the index's scheduled rebalance dates.sec.govnasdaq.com
  • It trades lightly next to mainstream international funds, so spreads and order type carry more weight at the point of trade.

IPKW Holdings

Holdings pillarD27 out of 100Rank 14 of 15 in International Factor Index
Asset class
Stocks
Holdings
177
Top-10 weight
44%
Largest holding
SHEL.L6.4%

Sectors

  • Financials24.5%
  • Industrials19.1%
  • Consumer Discretionary12.9%
  • Energy11.8%
  • Materials7.7%
  • Technology5.4%
  • Health Care5.3%
  • Consumer Staples5.1%
  • Communication4.9%
  • Utilities2.9%
  • Real Estate0.3%

Geography

  • Japan30.36%
  • United Kingdom23.81%
  • China7.12%
  • Switzerland6.72%
  • Netherlands4.74%
  • Canada4.47%
  • France3.88%
  • Norway3.81%
  • Other countries (19)15.09%

Developed 90% · Emerging 10% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 12.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1SHEL.LShell PLC6.42%682,424$36.8M154
28058.TMitsubishi Corp5.37%992,955$30.8M133
3NOVN.SWNovartis AG4.74%169,290$27.2M189
4INGA.ASING Groep NV4.72%839,752$27.1M136
5STAN.LStandard Chartered PLC4.72%958,681$27.1M145
6MPNGFMeituan4.64%2,987,103$26.6M4
74063.TShin-Etsu Chemical Co Ltd3.89%585,602$22.3M133
8GLE.PASociete Generale SA3.64%300,318$20.9M131
9EQNR.OLEquinor ASA3.46%419,264$19.8M127
107267.THonda Motor Co Ltd2.81%1,423,007$16.1M123
11VOD.LVodafone Group PLC2.73%10,047,927$15.7M128
12A5G.IRAIB Group PLC2.43%1,117,868$13.9M106
13MT.ASArcelorMittal SA2.35%220,453$13.5M70
149618.HKJD.com Inc2.34%1,049,985$13.5M100
15IMB.LImperial Brands PLC2.32%340,891$13.3M128

Showing 1–15 of 177 holdings

IPKW Performance

Launched Feb 27, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

IPKW$11,797
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. IPKW $11,797. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for IPKW. Periods over one year show the average yearly return.
PeriodIPKW
Year to date+10.1%
1 month+0.9%
3 months−0.8%
1 year+18.0%
3 yearsper year+25.8%
5 yearsper year+11.4%
10 yearsper year+11.5%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for IPKW
YearReturn barIPKW
2026 YTD+10.1%
2025+45.5%
2024+10.5%
2023+15.1%
2022−12.8%
2021+11.5%
2020+16.2%

IPKW in the news

IPKW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
3.35%Last 12 months
Payout per share
$2.00Last 12 months
Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 38 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.09; Sep 18, 2017 $0.02; Dec 18, 2017 $0.24; Mar 19, 2018 $0.09; Jun 18, 2018 $0.22; Sep 24, 2018 $0.18; Dec 24, 2018 $0.26; Mar 18, 2019 $0.08; Jun 24, 2019 $0.27; Sep 23, 2019 $0.32; Dec 23, 2019 $0.14; Mar 23, 2020 $0.25; Jun 22, 2020 $0.08; Sep 21, 2020 $0.14; Dec 21, 2020 $0.09; Mar 22, 2021 $0.21; Jun 21, 2021 $0.20; Sep 20, 2021 $0.23; Dec 20, 2021 $2.29; Mar 21, 2022 $0.29; Jun 21, 2022 $0.59; Sep 19, 2022 $0.29; Dec 19, 2022 $0.09; Mar 20, 2023 $0.41; Jun 20, 2023 $0.20; Sep 18, 2023 $0.23; Dec 18, 2023 $0.16; Mar 18, 2024 $0.37; Jun 24, 2024 $0.38; Sep 23, 2024 $0.36; Dec 23, 2024 $0.52; Mar 24, 2025 $0.49; Jun 23, 2025 $0.46; Sep 22, 2025 $0.29; Dec 22, 2025 $0.74; Mar 23, 2026 $0.57; Jun 22, 2026 $0.45; Sep 21, 2026 $0.25. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.25
Jun 22, 2026Jun 26, 2026$0.45
Mar 23, 2026Mar 27, 2026$0.57
Dec 22, 2025Dec 26, 2025$0.74
Sep 22, 2025Sep 26, 2025$0.29
Jun 23, 2025Jun 27, 2025$0.46
Mar 24, 2025Mar 28, 2025$0.49
Dec 23, 2024Dec 27, 2024$0.52
Sep 23, 2024Sep 27, 2024$0.36
Jun 24, 2024Jun 28, 2024$0.38
Mar 18, 2024Mar 22, 2024$0.37
Dec 18, 2023Dec 22, 2023$0.16

See all 46 payments⁠

$10,000 in IPKW 10 years ago paid $4,693 in dividends.⁠

IPKW Risk

Risk pillarC50 out of 100Rank 7 of 15 in International Factor Index
How much the fund’s monthly returns vary, scaled to a year.
12.1%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.61
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−29.6%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.65
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

IPKW Cost

Compare IPKW and VDG

Overpaying vs VDG, cheapest in International Factor Index

$9,215

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IPKW 0.55%

    $10,904

  • VDG 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • IPKW 0.55%
  • VDG 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530IPKW $10,904VDG $1,689

Year by year

YearIPKWVDGOverpaying
10$988$147$841
20$3,790$575$3,215
30$10,904$1,689$9,215

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