IPKW
Invesco International BuyBack Achievers ETF
Invesco International BuyBack Achievers Portfolio is an exchange-traded fund incorporated in the USA. The Fund is based on the NASDAQ International BuyBack AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.
International
EQUITY
Passive
MANAGEMENT STYLE
90.9 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 24, 2014 |
| Assets (mns) | $91 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Grantor Trust |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Share Buybacks |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CRH PLC | 5.6 % |
| SHELL PLC | 5.1 % |
| BP PLC | 5.0 % |
| UNICREDIT S.P.A. | 4.9 % |
| BNP PARIBAS | 4.7 % |
| TOTAL SA | 4.5 % |
| ING GROEP NV | 4.5 % |
| ALIBABA GROUP HOLDING LTD. | 4.1 % |
| NASPERS LTD | 3.3 % |
| NATWEST GROUP PLC | 2.9 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 286 |
| Wgt avg mkt cap (mns) | $58,750 |
| Large cap (>$10bn) | 78.0% |
| Mid cap ($2-10bn) | 15.0% |
| Small cap (<$2bn) | 7.0% |
| Developed mkts. | 94.5% |
| Emerging mkts. | 5.5% |
Country Exposure
 |
BRITAIN | 26.1 % |
 |
JAPAN | 17.6 % |
 |
FRANCE | 10.4 % |
 |
IRELAND | 5.9 % |
 |
NETHERLANDS | 5.8 % |
 |
CANADA | 5.3 % |
 |
ITALY | 5.0 % |
 |
CHINA | 4.1 % |
 |
DENMARK | 3.6 % |
 |
AUSTRALIA | 2.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 13.2% | 17.2% | 14.6% | 5.9% | 8.7% | 8.1% | 7.7% | Volatility | 14.5% | 14.8% | 15.5% | 17.3% | 20.7% | 17.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 61% |
| MSCI EAFE | 0.90 | 89% |
| MSCI Emg Mkts | 0.75 | 62% |
Liquidity Measures
| Avg. volume (000) | 41 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 0.24% |
| ADV of underlying (mns) | $3,997 |
Technical Indicators
| Recent close | $39.64 |
| 30d moving avg. | $41.19 |
| Annualized volatility | 16.6% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 3.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IPKW |
Expenses vs. IPKW |
ALTAR Score™ vs. IPKW |
|---|---|---|---|---|
| EQIN | Columbia US Equity Income ETF | 18.0% | -20 bp | -5.9% |
| FKU | First Trust United Kingdom AlphaDEX Fund | 16.6% | +25 bp | -3.1% |
| FLGB | Franklin FTSE United Kingdom ETF | 16.6% | -46 bp | -3.6% |
| FILL | iShares MSCI Global Energy Producers ETF | 15.2% | -16 bp | -0.8% |
| EWU | iShares MSCI United Kingdom ETF | 15.1% | -5 bp | -3.0% |
| IXC | iShares Global Energy ETF | 14.7% | -11 bp | -1.6% |
| EUFN | iShares MSCI Europe Financials ETF | 13.6% | -4 bp | -3.4% |
| FYLD | Cambria Foreign Shareholder Yield ETF | 12.7% | +4 bp | +2.5% |
| RFDI | First Trust Riverfront Dynamic Developed International ETF | 12.5% | +28 bp | -1.4% |
| GNR | SPDR S&P Global Natural Resources ETF | 11.3% | -15 bp | -0.8% |
Risk and Returns: IPKW vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IPKW
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
IPKW
11.7%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. IPKW's ALTAR Score™ is approximately
1.6 standard deviations
above
the category average. This places IPKW in the 94th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IPKWSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| IPKW (55 bp) Percentile rank | 79 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IPKW | 55.0 | 24.3 | 79.3 |
| Peer Avg. | 47.5 | 24.1 | 71.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .