PKW | Invesco Buyback Achievers ETF

PKW ISSUER

The PKW issuer, represented by the INVESCO ETF, adheres closely to its investment strategy, aiming to invest primarily in securities that make up the Underlying Index, with a commitment of at least 90% of its assets. Managed by Nasdaq, the Index Provider, the Underlying Index utilizes a distinctive methodology to select U.S. exchange-listed common stocks known as BuyBack Achievers™, requiring a minimum 5% reduction in shares outstanding over the past 12 months for an issuer to qualify. As of June 30, 2023, the Underlying Index boasted 315 constituents, ranging from market capitalizations of $35 million to $173.2 billion. Employing a full replication approach, the Fund endeavors to mirror the Underlying Index by investing in all its securities proportionally. In line with the Investment Company Act of 1940, the Fund aims to maintain a diversified portfolio mirroring the diversification of the Underlying Index. However, it may transition to a non-diversified status due to changes in market capitalization or index weighting, allowing greater investment flexibility but requiring no shareholder approval. Moreover, the Fund will concentrate its investments in specific industries only if the Underlying Index demonstrates such concentration, otherwise maintaining a balanced approach across sectors.

PKW DIVIDEND

PKW Dividend, offered by INVESCO ETF, follows a strategic investment approach centered on dividend-paying stocks. The fund seeks to invest in companies with a track record of consistent and reliable dividend payments, aiming to provide investors with a steady income stream. Managed by Nasdaq, the Index Provider, PKW Dividend focuses on U.S. exchange-listed common stocks that have demonstrated the ability to maintain or increase dividend payments over time. Employing a full replication methodology, the fund endeavors to replicate the performance of its underlying index by investing in dividend-paying securities in proportion to their weightings in the index. As of its latest reporting period, the fund's portfolio encompasses a diverse range of dividend-paying companies across various market capitalizations and sectors. With a commitment to dividend stability and growth, PKW Dividend offers investors an opportunity to participate in the potential for income generation while maintaining a diversified investment approach.

PKW TRACKING

PKW Tracking, managed by INVESCO ETF, is designed to closely track the performance of its underlying index. Employing a meticulous full replication methodology, the fund aims to mirror the composition and weightings of securities within its benchmark index. Overseen by Nasdaq, the Index Provider, PKW Tracking invests in U.S. exchange-listed common stocks that meet specific criteria outlined by the index methodology. This includes identifying companies that have achieved significant reductions in shares outstanding over the past 12 months, as well as maintaining a diversified portfolio in line with regulatory guidelines. By investing in all securities comprising the underlying index in proportion to their weightings, PKW Tracking seeks to minimize tracking error and deliver returns that closely match those of its benchmark. With a focus on precision and consistency, PKW Tracking offers investors a reliable means of gaining exposure to the performance of its designated index.

PKW CORRELATION

PKW Correlation, offered by INVESCO ETF, aims to provide investors with exposure to a diversified portfolio of U.S. exchange-listed common stocks while focusing on minimizing correlation to traditional market benchmarks. Managed with precision, PKW Correlation seeks to construct a portfolio that maintains low correlation with broader market indices, thus potentially offering investors a hedge against market volatility. Employing a robust investment strategy overseen by Nasdaq, the Index Provider, the fund selects securities based on specific criteria, including significant reductions in shares outstanding over the past 12 months. By adhering to a full replication methodology, PKW Correlation invests in all securities comprising its underlying index in proportion to their weightings, further enhancing its ability to mitigate correlation to traditional market indices. With a commitment to offering investors diversification benefits and potentially reducing overall portfolio risk, PKW Correlation presents a strategic option for those seeking to manage correlation while maintaining exposure to U.S. equities.

PKW SECTOR

PKW Sector, managed by INVESCO ETF, is tailored to provide investors with targeted exposure to specific sectors within the U.S. equity market. With a focus on sector-based investing, the fund aims to capture the potential growth and opportunities offered by individual sectors while maintaining diversification across the broader market. Overseen by Nasdaq, the Index Provider, PKW Sector selects securities from various sectors based on specific criteria, such as significant reductions in shares outstanding over the past 12 months. Utilizing a meticulous full replication methodology, the fund invests in all securities within its chosen sectors in proportion to their weightings, ensuring comprehensive coverage and alignment with sector-specific benchmarks. By offering investors the flexibility to allocate capital to sectors exhibiting promising growth prospects, PKW Sector serves as a strategic tool for enhancing sector-specific exposure within diversified investment portfolios.

PKW EXPOSURE

PKW Exposure, managed by INVESCO ETF, is crafted to offer investors broad exposure to the U.S. equity market, focusing on capturing the potential growth opportunities across various sectors and market capitalizations. With a commitment to providing comprehensive market coverage, the fund is designed to mirror the performance of its underlying index through a meticulous full replication methodology. Overseen by Nasdaq, the Index Provider, PKW Exposure selects securities based on specific criteria, including notable reductions in shares outstanding over the past 12 months. By investing in all securities within its underlying index in proportion to their weightings, PKW Exposure seeks to minimize tracking error and deliver returns that closely align with those of its benchmark. With its diversified approach and emphasis on capturing the overall performance of the U.S. equity market, PKW Exposure offers investors a convenient and efficient means of gaining broad exposure to domestic equities.