PKW - Invesco BuyBack Achievers™ ETFEquity - US Equity
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.
|Index History (%)|
|NASDAQ US Buyback Achievers Index||-13.64||1.93||6.06||5.62||12.89||8.64|
|S&P 500 Index||-8.27||8.19||9.87||9.23||12.65||7.94|
|Fund History (%)|
|After Tax Held||-13.75||0.99||5.15||4.66||11.90||7.67|
|After Tax Sold||-8.14||1.06||4.18||3.84||10.14||6.52|
|Fund Market Price||-15.08||-0.31||4.85||4.61||11.97||7.74|
|Index History (%)|
|NASDAQ US Buyback Achievers Index||34.94||34.94||12.96||9.52||14.74||9.98|
|S&P 500 Index||31.49||31.49||15.27||11.70||13.56||8.77|
|Fund History (%)|
|After Tax Held||33.36||33.36||11.89||8.48||13.71||8.98|
|After Tax Sold||20.17||20.17||9.47||6.88||11.74||7.66|
|Fund Market Price||34.68||34.68||12.24||8.81||13.99||9.21|
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.
Growth of $10,000
Data beginning 10 years prior to the ending date of 12/31/2019. 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 The results assume that no cash was added to or assets withdrawn from the Index.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.
|Sector||Percent of Fund|
Market Cap & Style Allocations
as of 03/31/2020 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|CSCO||Cisco Systems Inc||5.82|
|LLY||Eli Lilly & Co||4.75|
|JPM||JPMorgan Chase & Co||4.58|
|BAC||Bank of America Corp||4.28|
|WFC||Wells Fargo & Co||3.79|
|UNP||Union Pacific Corp||3.49|
|CHTR||Charter Communications Inc||3.34|
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 sector, such as information technology, 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 is non-diversified and may experience greater volatility than a more diversified investment.
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.