ETF Evaluator:
Invesco Intl BuyBack Achiev™ ETF (IPKW)
Follow This ETF
(as of Jul 31)
Best Performing in Foreign Large Value Over the Last Year
| 41.3% | First Trust Dev Mkts Ex-US AlphaDEX® ETF (FDT) |
| 38.0% | Vident International Equity Strategy ETF (VIDI) |
| 36.9% | JPMorgan International Value ETF (JIVE) |
| 36.8% | Invesco RAFI Developed Markets ex-US ETF (PXF) |
| 36.7% | Cambria Global Value ETF (GVAL) |
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ETF Details
Invesco Intl BuyBack Achiev™ ETF Overview
Invesco Intl BuyBack Achiev™ ETF (IPKW) is a passively managed International Equity Foreign Large Value exchange-traded fund (ETF). Invesco launched the ETF in 2014.
The investment seeks to track the investment results (before fees and expenses) of the Nasdaq International BuyBack AchieversTM Index (the "underlying index").
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. ("Nasdaq" or the "index provider") compiles, maintains, and calculates the underlying index, which is comprised of the securities of foreign companies that are classified as "International BuyBack AchieversTM" pursuant to the index provider's proprietary selection methodology. It is non-diversified.
About Invesco Intl BuyBack Achiev™ ETF (IPKW)
There are 4 members of the management team with an average tenure of 7.51 years: Peter Hubbard (2014), Michael Jeanette (2015), Pratik Doshi (2020) and Faiz Syed (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and NASDAQ Intl BuyBack Achievers NR USD index with a weighting of 100%. Invesco Intl BuyBack Achiev™ ETF has 179 securities in its portfolio. The top 10 holdings constitute 42.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco Intl BuyBack Achiev™ ETF is part of the Equity global asset class and is within the International Equity ETF group. Invesco Intl BuyBack Achiev™ ETF has 99.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.2% There is 99.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Intl BuyBack Achiev™ ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $514 million in total assets, which is below the $2 billion average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IPKW Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Intl BuyBack Achiev™ ETF expense ratio is average compared to funds in the Foreign Large Value category. Invesco Intl BuyBack Achiev™ ETF has an expense ratio of 0.55%, which is 20% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Intl BuyBack Achiev™ ETF has a portfolio turnover rate of 108%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 46% for the Foreign Large Value category.
Recently, in the month of June 2026, Invesco Intl BuyBack Achiev™ ETF returned -3.2%, which earned it a grade of F, as the Foreign Large Value category had an average return of -1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco Intl BuyBack Achiev™ ETF has a trailing yield of 3.62%, which is above the 3.40% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Intl BuyBack Achiev™ ETF Grades
Year to date, the ETF has returned 4.1%, 6.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 21.0% over the past year (grade of D), 22.2% over the past three years (grade of B) and 9.5% per year over the past five years (grade of D) and 11.8% per year over the past 10 years (grade of A).
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IPKW Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IPKW Return (NAV) | -3.2% | 1.9% | 21.0% | 22.2% | 9.5% | 11.8% |
| IPKW Return (Price) | -3.3% | 0.9% | 20.1% | 22.0% | 9.4% | 11.6% |
| NAV +/- Price Return | 0.124% | 0.979% | 0.850% | 0.228% | 0.092% | 0.105% |
| Foreign Large Value Avg | -1.7% | 6.2% | 25.4% | 19.8% | 11.2% | 9.9% |
| IPKW Grade (NAV) | F | F | D | B | D | A |
| +/- Category (NAV) | -1.5% | -4.4% | -4.4% | 2.4% | -1.8% | 1.8% |
| IPKW Tax-Cost Ratio | na | na | 1.5% | 1.3% | 1.6% | 1.2% |
IPKW Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IPKW Return (NAV) | 4.1% | 44.7% | 10.4% | 15.0% | -12.6% | 11.1% | 16.2% | 20.1% | -21.0% | 33.6% | 11.8% |
| IPKW Return (Price) | 3.2% | 45.5% | 10.5% | 15.1% | -12.8% | 11.5% | 16.2% | 20.3% | -21.6% | 34.2% | 12.0% |
| NAV +/- Price Ret | -0.208% | 0.018% | 0.017% | 0.007% | 0.018% | 0.038% | -0.001% | 0.8% | 2.9% | 1.9% | 1.5% |
| Foreign Large Value Avg | 10.2% | 38.6% | 4.7% | 16.7% | -8.9% | 12.3% | -0.7% | 18.8% | -13.7% | 23.2% | 6.9% |
| IPKW Grade (NAV) | F | A | A | D | D | C | A | B | F | A | A |
| +/- Category | -6.2% | 6.1% | 5.6% | -1.7% | -3.7% | -1.2% | 17.0% | 1.3% | -7.3% | 10.4% | 4.9% |
| Risk Measures | |
| Beta: | 0.70 |
| R-Squared: | 60% |
| Standard Deviation: | 12.5% |
| Category Risk Index: | 1.00 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.03 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 3.6% |
| Total Assets: | $ 514 Mil |
| Share Class Assets: | $ 514 Mil |
| Turnover: | 108.0% |
| Expense Ratio: | 0.55% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI Ex USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 12.4 years | |||
| Average Tenure: 7.5 years | |||
| Managers (Year): Hubbard Peter (2014), Jeanette Michael (2015), Doshi Pratik (2020), Syed Faiz (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 179 |
| % in Top 10 Holdings: | 42.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 99.7% |
Portfolio Allocation |
|
| Domestic Stock: | 0.2% |
| Foreign Stock: | 99.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | February 27, 2014 |
Expenses and Fees
| Expense Ratio (%): | 0.55% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.46% |
