Description

This Invesco ETF aims to mirror the net total return performance of the NASDAQ Global Buyback Achievers Index, accounting for applicable fees. The fund distributes income to shareholders on a quarterly basis. The benchmark index itself draws components from two distinct indices: the NASDAQ US Buyback Achievers Index, comprising U.S. companies that have reduced their outstanding share count by at least 5% over the past twelve months, and the NASDAQ International BuyBack Achievers Index, which includes non-U.S. corporations achieving a similar 5% or greater net reduction in shares during their latest fiscal year. To achieve its objective, the fund endeavors to acquire and hold, to the greatest extent practicable, all the securities within the index in their corresponding weightings. Its portfolio will be adjusted in alignment with any rebalancing performed by the index, a strategy referred to as full physical replication. This ETF operates under a passive management philosophy. Therefore, investing in this fund constitutes the purchase of units in a passively managed, index-tracking vehicle, rather than direct ownership of the underlying assets held by the fund.