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Sunday, August 23, 2026The Morning Brief →Sign in

Invesco International BuyBack Achievers ETF

$61.31+0.73% today
516252-WK

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. ("Nasdaq" or the "index provider") compiles, maintains, and calculates the underlying index, which is comprised of the securities of foreign companies that are classified as "International BuyBack AchieversTM" pursuant to the index provider's proprietary selection methodology. It is non-diversified.

Price & daily flows
59.556.453.361.31DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$176M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$13M of net buying over the past month, about 2.2% of the fund's asset base, while the price has returned +9.1% so far this year. At 0.55% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$566Massets under management
0.55%expense ratio · $55 per $10,000 a year
+$13Mnet flow, trailing month
51Kavg daily volume, 30 days
163holdings · US-domiciled
2014listed February 26, 2014 · beta 0.81
The book at a glance
VOD-0.3%CNA-1.0%SHEL-0.3%MCYDNL+0.7%IAG+3.1%EQNR+0.0%MT+1.5%SMIN+0.4%TENTVEPLUSOTEXFLSGLE+4.8%GFINBURO0.4%VEND0.4%BKG0.3%INCH0.3%JET2

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1VODVODAFONE GROUP PUBLIC LTD2.78%$15.96-0.3%
2CNACNA FINANCIAL0.90%$48.98-1.0%
3SHELSHELL5.52%$93.33-0.3%
4ORAORMAT TECHNOLOGIES0.07%$108.38+0.1%
5MCYMERCURY GENERAL0.27%$105.70+1.8%
6DNLWISDOMTREE GLOBAL EX-US QUALITY DIVIDEND GROWTH FUND0.37%$46.89+0.7%
7IAGIAMGOLD1.52%$21.14+3.1%
8IPORENAISSANCE CAPITAL GREENWICH FUNDS0.06%$54.36+0.7%
9PAGPENSKE AUTOMOTIVE GROUP0.17%$216.87+0.1%
10EQNREQUINOR ASA3.13%$42.86+0.0%
11MTARCELORMITTAL2.70%$72.20+1.5%
12SMINISHARES MSCI INDIA SMALL-CAP ETF0.86%$71.72+0.4%
13SPBSPECTRUM BRANDS HOLDINGS0.11%$86.91+0.9%
14TENTsakos Energy0.86%$42.71+0.9%
15TVETENNESSEE VALLEY AUTHORITY0.44%$23.50-0.0%

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Sector weights
Finance33.48%
Financial Services30.89%
Financials30.19%
Energy Minerals25.26%
Energy23.67%
Consumer Discretionary16.31%
Consumer Cyclical13.8%
Industrials11.49%
Basic Materials6.13%
Materials5.97%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Other30.22%
United Kingdom25.01%
Japan17.34%
France11.38%
Switzerland10.3%
Netherlands6.25%
China5.54%
Canada5.34%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-0.3%
1 month+4.8%
3 months+4.7%
6 months+3.3%
YTD+9.1%
1 year+16.0%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month+$13M
3 months+$16M
YTD+$140M
1 year+$176M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JunJulAugSepOctFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
11%realized volatility, 30 days (annualized)
15%realized volatility, 1 year
-9.8%deepest fall from a peak, 1 year
-0.8%where it sits vs. that peak today

The top holding is 5.6% of the book; the top ten carry 45%. Spread across 180+ names, it behaves like roughly 35 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
12Kshares traded
Most-traded holdings, options premiumBullishBearish
SHEL SHELL$1M$1M
GCT GIGACLOUD TECHNOLOGY$304,881$1M
IAG IAMGOLD$230,136$536,163
EQNR EQUINOR ASA$215,504$271,668
FLS FLOWSERVE$290,835$186,743

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against IPKW

Due diligence cuts both ways. These funds sit on the same shelf and beat IPKW on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-51bp on fee · 58× the assets · +$104M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$193.2B+$631M-48bp on fee · 341× the assets · +$631M in over the monthHead-to-head
IEMG iShares Core MSCI Emerging Markets ETF0.09%$160.6B+$1.9B-46bp on fee · 284× the assets · +$1.9B in over the monthHead-to-head
IAGG iShares Core International Aggregate Bond ETF0.07%$11.4B+$739M-48bp on fee · 20× the assets · +$739M in over the monthHead-to-head
IXUS iShares Core MSCI Total International Stock ETF0.07%$46.2B-48bp on fee · 82× the assetsHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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