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

1.7 B

ASSETS UNDER MGMT

45 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryInternational
Asset classEquity
Websitelink...
Inception dateJun 25, 2007
Assets (mns)$1,692
Expense ratio45 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionFundamental
WeightingFundamental
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
SHELL PLC 2.3 %
BROOKFIELD CORP 1.4 %
TOTAL SA 1.2 %
SAMSUNG ELECTRONICS CO LTD 1.1 %
HSBC HOLDINGS PLC 1.0 %
TOYOTA MOTOR CORP 1.0 %
ROYAL BANK OF CANADA 1.0 %
BP PLC 1.0 %
MITSUBISHI UFJ FINANCIAL GRO 0.9 %
ROCHE HOLDING LTD 0.9 %
Constituent Breakdown
Number of holdings1003
Herfindahl-Hirschman Index 39
Wgt avg mkt cap (mns)$67,086
Large cap (>$10bn)83.0%
Mid cap ($2-10bn)16.3%
Small cap (<$2bn)0.5%
Developed mkts.96.1%
Emerging mkts.3.8%
Country Exposure
JAPAN 22.4 %
BRITAIN 15.3 %
CANADA 10.2 %
GERMANY 9.2 %
FRANCE 8.3 %
SWITZERLAND 6.2 %
AUSTRALIA 4.9 %
SOUTH KOREA 3.4 %
ITALY 3.4 %
SPAIN 3.2 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 7.4% 12.8% 12.4% 7.2% 7.4% 5.3% 2.9%
Volatility 12.9% 12.9% 14.3% 16.8% 21.0% 18.2% --
Market Correlations
versus...BetaR-squared
S&P 5000.8065%
MSCI EAFE0.9792%
MSCI Emg Mkts0.7962%
Liquidity Measures
Avg. volume (000)75
Turnover0.2%
Avg. Bid/Ask (% of price)0.29%
ADV of underlying (mns)$52,258
Technical Indicators
Recent close$49.65
30d moving avg.$51.01
Annualized volatility17.5%
Relative strength (RSI)45
Short interest (ETF)0.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: PXF vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
0.8 10.4 1.1 4.5% --
Based on closing prices from 12/2/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
PXF



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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

PXF

8.8%

Cat. Avg

7.2%


ALTAR Score™ Calculation

Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™ of 7.2% and a standard deviation of 2.5%. PXF's ALTAR Score™ is approximately 0.6 standard deviations above the category average. This places PXF in the 74th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

PXF
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
International Equity ETFs
# of ETFs 152
Avg. Expense Ratio 42.9 bp
Std. Deviation 24.3 bp
PXF (45 bp) Percentile rank 54
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PXF 45.0 29.3 74.3
Peer Avg. 35.6 19.0 54.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .