Invesco BuyBack Achievers ETF (PKW) Research

The Invesco BuyBack Achievers ETF (PKW) aims to replicate the performance of the NASDAQ US BuyBack Achievers Index. Typically, the Fund allocates at least 90% of its total assets to the common stocks included in the Index. The Index targets U.S. companies recognized as "BuyBack Achievers"—entities that have reduced their outstanding share count by 5% or more over the preceding twelve-month period. Both the Fund and its corresponding Index undergo annual reconstitution every January, with quarterly rebalancing scheduled for January, April, July, and October. As of August 31, 2025, the Fund has earned exceptional ratings from Morningstar Inc. It received an overall 5-star rating (among 378 funds), and consistently achieved 5 stars for its 3-year (out of 378 funds), 5-year (out of 355 funds), and 10-year (out of 282 funds) performance periods. These accolades reflect Morningstar's risk-adjusted return methodology, which considers variations in monthly performance, placing greater weight on downturns and recognizing steady returns. This assessment combines open-end mutual funds and ETFs for comparison and is applicable to funds with at least three years of operational history. The overall rating is a weighted average of the relevant multi-year metrics, factoring in fees and expenses but excluding sales charges. ©2025 Morningstar Inc. All rights reserved. The provided information is proprietary to Morningstar and its content suppliers; unauthorized copying or distribution is prohibited, and its accuracy, completeness, or timeliness is not guaranteed. Morningstar bears no liability for any losses or damages resulting from its use. Investors should remember that past performance does not assure future outcomes. Morningstar awards 5 stars to the top 10% of funds in a category. Ratings are dynamic and can change monthly. Had waivers or reimbursements of fees not occurred, the Morningstar rating might have been lower, and ratings for different share classes could vary due to distinct performance characteristics.

Open Invesco BuyBack Achievers ETF (PKW) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.