The Invesco International BuyBack Achievers ETF targets international firms with significant recent buybacks, overweighting financials. IPKW has outperformed the ex-U.S. benchmark IXUS since inception, but with elevated risk metrics. The fund has a concentrated portfolio, high turnover, high fees, and weak risk-adjusted returns versus foreign large value peers.
IPKW leverages a buyback-focused methodology, favoring mature, cash-generating international stocks for value and quality factor exposure. The ETF is well-diversified across sectors and geographies, with a reliable ~3% yield, making it suitable for income and capital growth. IPKW outperforms other international value and growth ETFs, especially in late-cycle markets, despite lagging US value ETFs in certain environments.
IPKW is a passively managed ETF offering exposure to the ex-U.S. portfolio of companies that execute share repurchase programs. As of March 2025, it has the UK- and Japan-heavy portfolio, with financials and energy being the key sectors. IPKW has delivered spectacular returns this year, as it has beaten tech-heavy IVV by about 19.2%.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
John Flavin Aspire Capital Advisors LLC | 13,842 | $673,413.3 | $814,323.48 | $140,910.18 | 20.92% |
Brian Kellett Kellett Wealth Advisors LLC | 328,741 | $16.03M | $19.3M | $3.27M | 20.42% |
Arthur Garcia Atlas Financial Advisors Inc. | 12,991 | $515,872.61 | $761,857.19 | $245,984.58 | 47.68% |
Amanda Hawley Atria Wealth Solutions Inc. | 17,278 | $840,574.7 | $1.01M | $171,656.93 | 20.42% |
Kellie Borror Daner Wealth Management LLC | 12,787 | $632,047.12 | $749,126.39 | $117,079.27 | 18.52% |
| NASDAQ (NMS) Exchange | US Country |
The company's core investment strategy focuses on allocating at least 90% of its total assets into securities that form part of a specific underlying index. This index is meticulously compiled, maintained, and calculated by Nasdaq, Inc. ("Nasdaq" or the "index provider"), signifying a robust partnership between the investment fund and the index provider. The unique aspect of the underlying index is that it consists of securities from foreign companies identified as "International BuyBack Achievers™" based on Nasdaq's proprietary selection methodology. This categorization indicates a focus on companies engaging in significant share buybacks, potentially signaling strong financial health and a shareholder-friendly management approach. Notably, the fund is non-diversified, implying a concentrated investment strategy that may involve higher risks and rewards compared to diversified portfolios.
This service involves the strategic allocation of at least 90% of the fund's total assets in securities that make up the underlying index, specifically targeting foreign companies classified as "International BuyBack Achievers™" according to the index provider, Nasdaq's, proprietary selection methodology. This approach seeks to capitalize on the potential growth and financial stability of companies that actively buy back their shares, offering an investment pathway that is shaped by a distinct and focused selection criteria.