PXF
Invesco FTSE RAFI Developed Markets ex-U.S. ETF
The Invesco FTSE RAFI Developed Markets ex-U.S. Portfolio is based on the FTSE RAFI Developed Markets ex-U.S. Index™. The Index weights stock of the largest developed markets (ex-U.S.), based on the following four fundamental measures of firm size: book value, income, sales and dividends.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.7 B
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Inception date | Jun 25, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SAMSUNG ELECTRONICS CO LTD | 2.6 % |
| SHELL PLC | 2.0 % |
| HSBC HOLDINGS PLC | 1.2 % |
| TOTAL SA | 1.1 % |
| TOYOTA MOTOR CORP | 1.1 % |
| ROCHE HOLDING LTD | 1.0 % |
| BP PLC | 0.9 % |
| BANCO SANTANDER SA | 0.8 % |
| BHP BILLITON LTD | 0.8 % |
| NOVARTIS AG | 0.7 % |
Constituent Breakdown
| Number of holdings | 1097 |
| Herfindahl-Hirschman Index | 39 |
| Wgt avg mkt cap (mns) | $88,412 |
| Large cap (>$10bn) | 84.0% |
| Mid cap ($2-10bn) | 12.4% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 90.7% |
| Emerging mkts. | 6.4% |
Sector Breakdown
Country Exposure
 |
JAPAN | 23.1 % |
 |
BRITAIN | 13.6 % |
 |
GERMANY | 8.6 % |
 |
CANADA | 8.2 % |
 |
FRANCE | 7.9 % |
 |
SOUTH KOREA | 6.0 % |
 |
SWITZERLAND | 5.8 % |
 |
AUSTRALIA | 4.5 % |
 |
SPAIN | 3.1 % |
 |
ITALY | 2.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 18.8% | 38.2% | 23.7% | 21.7% | 9.5% | 8.0% | -- | 2.4% |
| Dividend Yield | 0.9% | 5.5% | 4.7% | 4.6% | 4.2% | 3.8% | -- | 3.1% |
| Total Returns | 19.7% | 43.7% | 28.4% | 26.2% | 13.7% | 11.8% | -- | 5.5% | Ann. Volatility | 19.9% | 15.3% | 16.2% | 15.1% | 16.4% | 18.0% | -- | 23.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 54% |
| MSCI EAFE | 0.99 | 94% |
| MSCI Emg Mkts | 0.65 | 72% |
Liquidity Measures
| Avg. volume (000) | 83 |
| ADV traded (mns) | $7 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $75.33 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 1.11/1.04 |
| Bollinger Bands (Upper/Lower) | $78.48/$73.63 |
| Short interest (% of AUM) | 0.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PXF |
Expenses vs. PXF |
ALTAR Score™ vs. PXF |
|---|---|---|---|---|
| FNDF | Schwab Fundamental International Large Co. Index ETF | 76.3% | -20 bp | +0.4% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 65.0% | -25 bp | -0.9% |
| SCHF | Schwab International Equity ETF | 64.6% | -39 bp | -0.7% |
| VEA | Vanguard FTSE Developed Markets ETF | 64.4% | -42 bp | -0.6% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 63.3% | -41 bp | -0.5% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 62.5% | -42 bp | -0.7% |
| BKIE | BNY Mellon International Equity ETF | 62.4% | -41 bp | -0.5% |
| EFA | iShares MSCI EAFE ETF | 60.3% | -10 bp | -0.7% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 60.3% | -25 bp | -0.6% |
| IEFA | iShares Core MSCI EAFE ETF | 60.2% | -38 bp | -0.4% |
Risk and Returns: PXF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.8%
ALTAR SCORE™
68th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 415 funds in the International Equity category with an average
ALTAR Score™ of 6.1% and a standard deviation
of 1.6%. PXF's ALTAR Score™ is approximately 0.5 standard
deviations above the category average. This places PXF in the 68th percentile
among funds in the category.
Sell-Side Consensus
$82.67
PRICE TARGET
+4.8%
UPSIDE