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Invesco BuyBack Achievers™ ETF

Ticker: PKW
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Product Details

The Invesco BuyBack Achievers™ ETF (Fund) is based on the NASDAQ US BuyBack Achievers™ Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers™. The NASDAQ US BuyBack Achievers Index is comprised of US securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October.

as of 07/31/2024

Morningstar Rating ™

Overall Rating - Large Value Category

As of 07/31/2024 the Fund had an overall rating of 4 stars out of 1093 funds and was rated 2 stars out of 1093 funds, 4 stars out of 1040 funds and 4 stars out of 810 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2024 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

as of 08/31/2024 06/30/2024

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
NASDAQ US Buyback Achievers Index 14.27 22.65 7.45 15.16 11.37 10.77
S&P 500 Index 19.53 27.14 9.38 15.92 12.98 10.26
Fund History (%)
Fund NAV 13.81 21.90 6.83 14.50 10.70 10.04
After Tax Held 13.58 21.47 6.51 14.12 10.36 9.78
After Tax Sold 8.17 13.05 5.20 11.56 8.75 8.58
Fund Market Price 13.76 21.90 6.81 14.50 10.70 10.03
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
NASDAQ US Buyback Achievers Index 5.73 18.17 6.61 12.76 10.81 10.39
S&P 500 Index 15.29 24.56 10.01 15.05 12.86 10.13
Fund History (%)
Fund NAV 5.40 17.41 6.00 12.10 10.14 9.66
After Tax Held 5.18 17.00 5.68 11.73 9.80 9.40
After Tax Sold 3.20 10.42 4.57 9.57 8.27 8.23
Fund Market Price 5.33 17.40 5.97 12.10 10.13 9.65

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 06/30/2024

Growth of $10,000

Data beginning 10 years prior to the ending date of 06/30/2024. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 09/10/2024

Sector Allocation

Sector Percent of Fund
Financials 20.98%
Consumer Discretionary 20.54%
Industrials 17.79%
Health Care 15.12%
Communication Services 11.13%
Energy 6.85%
Materials 3.11%
Information Technology 2.69%
Utilities 0.95%
Real Estate 0.50%
Consumer Staples 0.23%
Investment Companies 0.11%
as of 09/09/2024

Market Cap & Style Allocations

Large-Cap Value 32.35%
Large-Cap Blend 13.67%
Large-Cap Growth 4.60%
Mid-Cap Value 18.89%
Mid-Cap Blend 11.41%
Mid-Cap Growth 4.96%
Small-Cap Value 7.20%
Small-Cap Blend 5.23%
Small-Cap Growth 1.70%

Quality Allocations† as of 09/10/2024

S&P Moody's
BBB : 4% Baa : 0%

as of 09/10/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
JNJ Johnson & Johnson 5.50
TMUS T-Mobile US Inc 5.36
LMT Lockheed Martin Corp 4.95
CMCSA Comcast Corp 4.80
BKNG Booking Holdings Inc 4.65
DE Deere & Co 3.84
HCA HCA Healthcare Inc 3.65
FI Fiserv Inc 3.63
PYPL PayPal Holdings Inc 2.59
ORLY O'Reilly Automotive Inc 2.40
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | Hide View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share		 Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
06/24/2024 06/24/2024 06/28/2024 0.22452 0.22452 - - - -
03/18/2024 03/19/2024 03/22/2024 0.31025 0.31025 - - - -
12/18/2023 12/19/2023 12/22/2023 0.38062 0.38062 - - - -
09/18/2023 09/19/2023 09/22/2023 0.22251 0.22251 - - - -
06/20/2023 06/21/2023 06/23/2023 0.26195 0.26195 - - - -
03/20/2023 03/21/2023 03/24/2023 0.29645 0.29645 - - - -
12/19/2022 12/20/2022 12/23/2022 0.27392 0.27392 - - - -
09/19/2022 09/20/2022 09/23/2022 0.27406 0.27406 - - - -
06/21/2022 06/22/2022 06/30/2022 0.27434 0.27434 - - - -
03/21/2022 03/22/2022 03/31/2022 0.22337 0.22337 - - - -
12/20/2021 12/21/2021 12/31/2021 0.18143 0.18143 - - - -
09/20/2021 09/21/2021 09/30/2021 0.12747 0.12747 - - - -
06/21/2021 06/22/2021 06/30/2021 0.18565 0.18565 - - - -
03/22/2021 03/23/2021 03/31/2021 0.20462 0.20462 - - - -
12/21/2020 12/22/2020 12/31/2020 0.23105 0.23105 - - - -
09/21/2020 09/22/2020 09/30/2020 0.22584 0.22584 - - - -
06/22/2020 06/23/2020 06/30/2020 0.33881 0.33881 - - - -
03/23/2020 03/24/2020 03/31/2020 0.29099 0.29099 - - - -
12/23/2019 12/24/2019 12/31/2019 0.24717 0.24717 - - - -
09/23/2019 09/24/2019 09/30/2019 0.25157 0.25157 - - - -
06/24/2019 06/25/2019 06/28/2019 0.26626 0.26626 - - - -
03/18/2019 03/19/2019 03/29/2019 0.13115 0.13115 - - - -
12/24/2018 12/26/2018 12/31/2018 0.20937 0.20937 - - - -
09/24/2018 09/25/2018 09/28/2018 0.17881 0.17881 - - - -
06/18/2018 06/19/2018 06/29/2018 0.21166 0.21166 - - - -
03/19/2018 03/20/2018 03/29/2018 0.07629 0.07629 - - - -
12/18/2017 12/19/2017 12/29/2017 0.11884 0.11884 - - - -
09/18/2017 09/19/2017 09/29/2017 0.14801 0.14801 - - - -
06/16/2017 06/20/2017 06/30/2017 0.11388 0.11388 - - - -
12/16/2016 12/20/2016 12/30/2016 0.31506 0.31506 - - - -
09/16/2016 09/20/2016 09/30/2016 0.15789 0.15789 - - - -
06/17/2016 06/21/2016 06/30/2016 0.20705 0.20705 - - - -
03/18/2016 03/22/2016 03/31/2016 0.12273 0.12273 - - - -
12/18/2015 12/22/2015 12/31/2015 0.16443 0.16443 - - - -
09/18/2015 09/22/2015 09/30/2015 0.13282 0.13282 - - - -
06/19/2015 06/23/2015 06/30/2015 0.16677 0.16677 - - - -
03/20/2015 03/24/2015 03/31/2015 0.05433 0.05433 - - - -
12/19/2014 12/23/2014 12/31/2014 0.16672 0.16672 - - - -
09/19/2014 09/23/2014 09/30/2014 0.11992 0.11992 - - - -
06/20/2014 06/24/2014 06/30/2014 0.19128 0.19128 - - - -
03/21/2014 03/25/2014 03/31/2014 0.01736 0.01736 - - - -
12/20/2013 12/24/2013 12/31/2013 0.09586 0.09586 - - - -
09/20/2013 09/24/2013 09/30/2013 0.06594 0.06594 - - - -
06/21/2013 06/25/2013 06/28/2013 0.08888 0.08888 - - - -
03/15/2013 03/19/2013 03/28/2013 0.01583 0.01583 - - - -
12/21/2012 12/26/2012 12/31/2012 0.18868 0.18868 - - - -
09/21/2012 09/25/2012 09/28/2012 0.05329 0.05329 - - - -
06/15/2012 06/19/2012 06/29/2012 0.09122 0.09122 - - - -
03/16/2012 03/20/2012 03/30/2012 0.03866 0.03866 - - - -
12/16/2011 12/20/2011 12/30/2011 0.07697 0.07697 - - - -
09/16/2011 09/20/2011 09/30/2011 0.06119 0.06119 - - - -
06/17/2011 06/21/2011 06/30/2011 0.08746 0.08746 - - - -
12/17/2010 12/21/2010 12/31/2010 0.05264 0.05264 - - - -
09/17/2010 09/21/2010 09/30/2010 0.02090 0.02090 - - - -
12/18/2009 12/22/2009 12/31/2009 0.09283 0.09283 - - - -
09/18/2009 09/22/2009 09/30/2009 0.05802 0.05802 - - - -
06/19/2009 06/23/2009 06/30/2009 0.11722 0.11722 - - - -
12/19/2008 12/23/2008 12/31/2008 0.09815 0.09815 - - - -
09/19/2008 09/23/2008 09/30/2008 0.05534 0.05534 - - - -
06/20/2008 06/24/2008 06/30/2008 0.04854 0.04854 - - - -
03/20/2008 03/25/2008 03/31/2008 0.05160 0.05160 - - - -
12/21/2007 12/26/2007 12/31/2007 0.02352 0.02352 - - - -
09/21/2007 09/25/2007 09/28/2007 0.01037 0.01037 - - - -
06/15/2007 06/19/2007 06/29/2007 0.01102 0.01102 - - - -
03/16/2007 03/20/2007 03/30/2007 0.02102 0.02102 - - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending		 Days 0.00-
0.25%		 0.26-
0.50%		 0.51-
0.99%		 1.00-
1.49%		 1.50-
1.99%		 ≥2.00%
06/30/2024 63 30 0 0 0 0 0
03/31/2024 61 23 0 0 0 0 0
12/31/2023 63 19 0 0 0 0 0
09/30/2023 63 41 0 0 0 0 0
Year Ended 2023 250 117 0 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending		 Days 0.00-
0.25%		 0.26-
0.50%		 0.51-
0.99%		 1.00-
1.49%		 1.50-
1.99%		 ≥2.00%
06/30/2024 63 33 0 0 0 0 0
03/31/2024 61 38 0 0 0 0 0
12/31/2023 63 44 0 0 0 0 0
09/30/2023 63 22 0 0 0 0 0
Year Ended 2023 250 133 0 0 0 0 0

Fund Inception : 12/20/2006

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

Premiums/Discounts

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Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

The Fund may become “non-diversified”, as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constitutes of the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

The NASDAQ Buyback AchieversTM Index is a trademark of NASDAQ OMX Group, Inc. and is licensed for use by Invesco Capital Management LLC in connection with the Invesco BuyBack AchieversTM ETF. The Fund is not sponsored or endorsed by NASDAQ OMX Group, Inc. and NASDAQ OMX Group, Inc. makes no warranty or representation as to the accuracy and/or completeness of the Index or results to be obtained by any person from use of the Index or the trading of the ETF.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

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