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Details
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Inception date
Feb 27, 2014
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46138E6445
CUSIP
46138E644
FIGI
BBG0062BLSC1
Identifiers
ISIN US46138E6445
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
Stocks99.90%
Finance37.41%
Energy Minerals17.32%
Technology Services9.64%
Consumer Durables7.20%
Transportation5.87%
Electronic Technology3.29%
Utilities2.98%
Process Industries2.95%
Producer Manufacturing2.73%
Communications2.62%
Commercial Services1.93%
Industrial Services1.29%
Health Technology1.03%
Non-Energy Minerals1.03%
Distribution Services1.01%
Consumer Services0.64%
Retail Trade0.54%
Consumer Non-Durables0.41%
Bonds, Cash & Other0.10%
Mutual fund0.09%
Cash0.01%
Breakdown by region
Europe57.78%
Asia33.51%
North America7.21%
Oceania0.65%
Latin America0.37%
Middle East0.33%
Africa0.16%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently asked questions
IPKW invests in stocks. The fund's major sectors are Finance, with 37.41% stocks, and Energy Minerals, with 17.32% of the basket. The assets are mostly located in the Europe region.
IPKW top holdings are UniCredit S.p.A. and ING Groep N.V., occupying 6.09% and 6.04% of the portfolio correspondingly.
IPKW last dividends amounted to 0.45 USD. The quarter before, the issuer paid 0.57 USD in dividends, which shows a 25.79% decrease.
IPKW assets under management is 532.65 M USD. It's risen 4.84% over the last month.
IPKW fund flows account for 184.33 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, IPKW pays dividends to its holders with the dividend yield of 3.46%. The last dividend (Jun 26, 2026) amounted to 0.45 USD. The dividends are paid quarterly.
IPKW shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Feb 27, 2014, and its management style is Passive.
IPKW expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
IPKW follows the NASDAQ International BuyBack Achievers Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IPKW invests in stocks.
IPKW price has risen by 5.48% over the last month, and its yearly performance shows a 17.93% increase. See more dynamics on IPKW price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.42% over the last month, showed a 3.48% increase in three-month performance and has increased by 21.14% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.42% over the last month, showed a 3.48% increase in three-month performance and has increased by 21.14% in a year.
IPKW trades at a premium (0.35%) meaning the ETF is trading at a higher price than the calculated NAV.